In this report, I cover the early market action from London on Friday, July 12th, 2019. I look briefly at the precious metals, the stock market, the dollar and the price of WTI and Brent crude oil.
Today I will actually look a little closer at the bond market and how long term bond yields not only in the U.S. but around the world have actually been spiking higher in the last fortnight or so. Even though the most market commentators and economists expect bond yields to keep dropping towards zero and even in some case becoming even more negative it looks like that view might be under threat.
The credit and debt bubble engineered by the major Central Banks can only keep going if longer-term interest rates remain under control and low so the recent spike should be watched closely. I do note nevertheless that the recent spike higher in yields could be just a correction higher in a downward trend.
I also look into the U.S. Constitution and what it says and does not say about what money people should use and I also point out that the Federal Reserve Note is unconstitutional.
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Silver Doctors article: https://www.silverdoctors.com/gold/gold-news/domestic-terrorist-jerome-powell-just-publicly-admitted-his-hatred-of-and-intent-to-destroy-the-u-s-constitution/
Trump Libra/Crypto article: https://www.ft.com/content/57692326-a452-11e9-974c-ad1c6ab5efd1?segmentId=6132a895-e068-7ddc-4cec-a1abfa5c8378
