In this report I cover the early market action from London on Wednesday, August 8th, 2018. I look briefly at the precious metals, the stock market, the dollar, other currencies, the bond market and oil prices.
I also look into a short article published yesterday by the London Evening Standard in which Lord Rothschild warns that the post-war world economic order is at risk and that the markets could be susceptible to a sharp drop.
Jacob Rothschild says that the evolving trade wars between the U.S and China and a eurozone debt crisis could trigger a major world economic crisis as the powers of the world, unlike after 9/11 or post-2008 are not showing a unified front in tackling the world's economic problems.
My conclusion is that Lord Rothschild could be right about the danger to the system but I would say that the underlying cause is the debt based fiat money system that Central Banks have imposed on the world for the last century.
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