In today’s live session we covered a LOT of subjects, including what the likelihood is of a new economic model in the future!
As the Coronavirus continues to disrupt world economies and talk changes to thoughts about how will governments will repay all this debt, what if they do not and simply write it off?
It sounds far fetched, but in reality, the USA was never likely to repay its $23 TRILLION debt before the Covid 19 outbreak even started, now even less so and yet it is still seen as the reserve currency of the world.
All governments now are printing yet more money out of thin air.
Here is a great video that was made after the 2008 crash explaining the craziness of the current system and the Feds role in it.
Yes it is dated and a few thing shave changed since, but the principles are the same. Namely that governments run on debt and finance it via bonds. If no one wants to buy the bonds, they print more paper money to buy them!
One thing is for sure if governments, especially European ones, try to impose another round of austerity I doubt very much whether the public would accept it.
The 30 minute entry strategy I showed of late worked great this morning for 100-s of pips on lots of pairs BUT it all happened in the Asian session whilst I was in bed. Unfortunately by the time I got up, it was too late and so now I (and you) need to wait until tomorrow.
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
For more up to the minute, updates do not forget to drop by the forum.
Watch the video for more detailed explanations of this week’s detailed analysis and trade plan.
Click on the square button bottom right to watch in full-screen mode