The City

Looking beyond the cacophony of central bank chaos

Markets are obsessed with central bank policy decisions. And this week featured an absolute overdose of those. That led to all sorts of market instability.…

When in Rome, tell them the barbarians are coming

At the tender age of 13, Konstantin Kisin’s Soviet parents sent him to live in racist, misogynist, capitalist, far right-wing Bristol, all by himself. Let’s…

Privatisation is a trap. Competition is the way out.

Over the past few Fortune & Freedoms, we’ve discussed why capital controls might make an unwelcome return. And how cryptocurrencies like bitcoin are tools you…

The weeks where decades happened to the UK

As I set out to write my most recent newsletter in late September, I couldn’t help but feeling that, with every paragraph, I was being…

The second globalist coup in two weeks

The UK election results are in and Rishi Sunak is our new prime minister, alongside his running mate Jeremy Hunt who remains chancellor. Together they…

How to prepare for the coming corralito, or risk becoming as poor as an Argentine

A few weeks ago, I warned you about the third horseman of the Unholy Trinity – capital controls. Today, we explore what those capital controls…

The beauty of economics lies in comeuppance, and boy are governments getting theirs

Despite my best efforts, economics is also known as the “dismal science”. But you should’ve heard my cackling when I discovered why… Apparently, economics was…

The man who did nothing to save Germany (and almost succeeded…)

Today’s edition comes from my newsletter Gold Stock Fortunes. This excerpt explains how the Germans ended their dalliance with hyperinflation. It appeared alongside a more…

An £11.175 billion government bailout for the Bank of England is just the start

They won’t call it a bailout, of course. At least, not on Bloomberg: “The new £11.175 billion injection is listed under ‘assistance to financial institutions…

My Kingdom for a hospital pass

No doubt you’re all glued to your screens, watching the Rugby League World Cup. Well, UK politics is about to descend into similar scenes. The…

How governments are making the energy crisis worse

I didn’t know how they’d make the energy crisis even worse. But I did know it was only a question of when we’d find out.…

Not all financial crises and recessions bring inflation down

What if the recession and financial crisis that central bankers are trying to cause don’t bring down inflation at all? What if they only make…

Don’t worry about your pension… PANIC!

The media’s coverage of the UK pension crisis continues to snowball. And rightly so, with the pension system, the pound and the government’s finances coming…

Two weeks without Nigel Farage and all hell breaks loose in the UK…

Nigel Farage has been busy touring the globe, spreading the word. But what word? And why? In his absence, the UK went into complete meltdown,…

Wither the pound?

The pound, the euro, the Swedish krona and the Japanese yen have all tanked so far this year. But what does that mean for their…

Has a financial crisis started yet, or is it over already?

History is full of financial crises. But each one was defined by something – a housing bust, a sovereign debt default, a hyperinflation or a…

The next phase of the financial crisis has begun: currency crises

We think of currency crises as being related to pegged exchange rates, emerging markets and foreign currency-denominated debt – things that don’t apply to the…

The energy crisis is morphing into a currency, debt, industrial and commodity crisis

If you thought the inflation was bad, just wait. The consumer price spikes driven by our energy crisis could be eclipsed by a long list…

Only a financial crisis can save the stock market now

Have you been wondering how central banks will save us this time? With inflation closing in on double digits, how will they justify printing money…

How to turn an inflation crisis into a financial crisis

Yesterday we looked at why the government’s policies won’t resolve the energy and inflation crisis. Well, they could, but only by creating bigger problems elsewhere.…