The War on Cash and Then on Gold

Technical analyst Clive Maund says liquidity issues with banks could lead to restrictions on cash and precious metals. The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008, thanks to the policy of solving liquidity problems near term by creating even more debt and derivatives, Quantitative Easing being the most obvious example. However, while the majority considers the situation to be hopeless, there is actually "light at the end of the tunnel."

First published here: The War on Cash and Then on Gold