Good Morning Everyone, Yesterday I wrote about the thesis from Credit Suisse’s Zoltan Pozsar, who is one of the most listened to and respected macro voices around. His thesis is too complex to rehash in detail again here but essentially he postulated that we could be on the cusp of a transition back to a commodity-backed monetary system essentially backstopped by China. This would be the transition of the world order away from a US dominant - US Dollar backed system - and toward a system where the PBoC become the new cantillionaire [Someone close to the ‘money printer’ that benefits from the Cantillon Effect] on the block.
Why Commodity-Backed Money Fails
Why Commodity-Backed Money Fails
Why Commodity-Backed Money Fails
Good Morning Everyone, Yesterday I wrote about the thesis from Credit Suisse’s Zoltan Pozsar, who is one of the most listened to and respected macro voices around. His thesis is too complex to rehash in detail again here but essentially he postulated that we could be on the cusp of a transition back to a commodity-backed monetary system essentially backstopped by China. This would be the transition of the world order away from a US dominant - US Dollar backed system - and toward a system where the PBoC become the new cantillionaire [Someone close to the ‘money printer’ that benefits from the Cantillon Effect] on the block.