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Back to the Blog Hong Kong Unrest Could Shake Financial Markets

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On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss the unrest in Hong Kong, its potential impact on world financial markets and a gold ATM.

Related Links:

After night of tear gas, Hong Kong protesters dig in
Hong Kong Protests Swell as Riot Police Withdraw
Gold to go, anyone?

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  • des111168

    This is now one of several times Francis has defended inflation as a necessary and good thing in capitalism in regards to fiat currencies (which he also seems to find desirable). But while this benefits traders and bankers (who do nothing to earn the extra value that this arbitrary rise in prices brings them), everyone below is hurt as prices rise. Is an economic system based on fake rises in value really worth defending? What’s honest about that? If $50 of gas I put in my truck suddenly rises to $55 dollars for the same amount of fuel, who benefits? Certainly not me. My truck still goes the same distance, only at a higher price. But the people selling me the gas get $5 richer, while adding nothing of value. THAT’s a good economic system? That’s worth defending? Pssh. Bring on the Gold if that’s the case.