Pages

Friday, March 7, 2014

Brief Update on US Dollar Chart - Jim Sinclair

Jim Sinclair posted this brief update on the US dollar chart (done by technical analyst Bo Polny) we mentioned  the other day. The dollar had dropped further below the key 80 level as of this morning, although it has rallied some now on the positive jobs report. Keep an eye on the US dollar index every day if you can.



Jim also posted a link to our article on the new tax proposal being worked on at the IMF/OECD.

Jim has been writing for some time that the financial privacy that has existed in the past will likely disappear as we move forward. The automatic information exchange between nations in the new proposed regulation would be a step in that direction.

The trade off involved is losing financial privacy in exchange for making sure all taxes due are paid. As with all things, there are pros and cons involved.

Making sure everyone pays the taxes they owe is an understandable goal. It's not fair to those who pay taxes if there are others illegally evading taxing taxes. 

On the other hand,

Some will have concerns about the loss of privacy. Others will have concerns such a system will introduce new additional taxes.

All this impacts the future of the monetary system because the trust that people have in any system is critical for it to succeed. We will try to keep an eye on all of it.

No comments:

Post a Comment