To kick off today Chris and I quickly touch on a discussion I had with Axel Merk for the weekend show. Axel argues that the new money-market fund rules will contribute to other countries doing more financing in their own currencies and slowly move away from the USD dependence. This all ties into the current trend in the markets of a more risk off attitude. Gold, USD and the Yen are all steadying and moving up together.

There were some connection issues with the interview but we only missed a couple words from Chris. Sometime technology just doesn’t want to play along… Our apologies.

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