Month: November 2022

Finance & Economics

The Dollar’s Last Tango Part 2 (of a 2 Part Series

Sam Parker 1 Comment

The Fed Tightens As a result of the Fed’s relentless tightening blitz, both US capital markets (the S&P 500 is down -24%, and 10 year US treasuries are down -17% and bonds were down -10%) and the US economy have been left reeling. One should note –WHY IS THE FED RAISING INTEREST RATES? The day […]

Finance & Economics

The Dollar’s Last Tango Part 1 (of a 2 Part Series)

Sam Parker 1 Comment

When David Rockefeller pulled the plug on the gold-dollar on August 15th, 1971, the dollar fell against major currencies by 40%.  Confidence is the name of the game. Without gold backing, the dollar was worthless. There was no confidence.  It was only in 1975 that the Saudis agreed under pressure that the dollar would, henceforth, […]

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