Tuesday, August 5, 2014

What's Coming Up in August?

August is starting off somewhat calm even as there are still plenty of trouble spots around the world. Based on what we see going on right now, it looks like in August we will need to look at the hotspots around the world to get an update (Iraq, Middle East in general, Ukraine). Also we will have more from former Fed official Andrew Huszar who is doing a number of interviews right now expressing his concerns. Here is a bullet point list of things we will probably try to cover here in August:

-recap of current status of world hotspots that could lead to broader military conflict

-impact of Middle East conflicts on energy supplies (and now water supplies in Iraq)

-check in to see what fallout there is from the Argentina debt default

-check in to see what fallout there is from the bailout of the bank in Portugal

-more interviews and comments from former Fed Official Andrew Huszar (and possibly some others)

-we will continue to follow Jim Rickards and see how his forecasts turn out versus the Fed

-if possible we will try to get an update on the Klickex GSD to see how that is going  (its sometimes hard to catch the folks at Klickex because they keep a very busy schedule)

-keep an eye on world markets and the prices for oil, gold and the US dollar index 

-get ready for some G20 meetings that will be coming up in September to see if anything significant is on the agenda related to the monetary system

-continue to check in on the BRICS nations (who have gone somewhat quiet after the BRICS summit)

And then whatever else pops up in August that might relate to the monetary system and any hints of future change. We usually get surprised every month by news we didn't see coming.

This list of bullet points kind of illustrates how much is going on that can impact the monetary system in one way or another and this list is not complete by any means. It just goes to show how tricky maintaining system stability really is even though things appear calm from day to day for the most part. And notice I rarely even mention all the political conflict that goes on constantly in the US and around the world. You never know when that might impact the stability of the system.

We live in a world that is more advanced in technology than ever before. The world is more connected than ever before. In some ways this can be great, but it also involves more risks because of the interconnected nature of the system. And it adds complexity to the system which Jim Rickards explains in some detail.

We probably cannot think of everything we need to try and cover here, but the above list should keep us busy into the fall. If readers see other events that we should cover, we are always glad to here from them. And many readers do help us out which is much appreciated. The more accurate information we all have, the better.

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