Geopolitics of the European Corona emergency fund

Although the emergency package is only a first step towards a permanent transfer union, there is more than meets the eye. The package may also cause geopolitical relations in the world to shift. It can give substance to European geopolitical ambitions. To clarify this, we have to pay attention to the changing financial and political role of the United States in the world.

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Dr. Zijlstra’s Final Settlement: Gold as the Monetary Cosmos’ Sun

Whenever I am in Amsterdam, I go to a bookstore and browse the second-hand shelves in the economics section. Recently I found two books by Dr. Jelle Zijlstra: “Dr. Jelle Zijlstra, Conversations and Writings” (1979, second edition) and “Per Slot Van Rekening” (1992, fifth edition). The latter title is a Dutch figure of speech that may be translated as “The Final Settlement.”

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Trias Pecuniae: A summary

The perspective of a trias pecuniae is about applying Montesquieu’s trias politica to all wealth. A tripartite division of wealth powers consists of the fiscal power, the monetary power and the credit power and they are found with governments, central banks and all houses of credit. By removing future income from the equation of eligible collateral, a tripartite division of wealth powers can be balanced in that all arrangements of credit necessarily become self-liquidating.

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Bank of England lending gold to GLD again?

A run on gold caused tightness in the physical gold market in the first quarter of this year. Due to the coronavirus, many planes are on the ground, which makes it more difficult to get physical precious metal to the right place in time. In recent months, these logistical problems have led to longer delivery times and disrupted the pricing of gold in New York.

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Not a banking crisis, but a dollar crisis

The world economy was in a bad shape in March 2009. In the eighteen months before that, the economy took beating after beating. What started as a housing crisis in the United States, turned into a bankrun among banks and a financial crisis like the world had never seen before. Central banks pulled out all the stops to shore up banks and the financial market, but each time a different financial bomb exploded in the system. Only after bail-outs by governments – taxpayers – the markets stabilized.

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