Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold.
A joint project between the Central Bank of Canada and the Massachusetts Institute of Technology will be researching the possibility of an entirely digital Canadian dollar, it was announced last week.
• finance.yahoo.com, Greg Ritchie and Finbarr Flynn
Global bond markets have suffered unprecedented losses since peaking last year, as central banks including the Federal Reserve look to tighten policy to combat surging inflation.
In a bid to spread awareness and bolster usage, the Jamaican Government is all set to airdrop $16 (2500 Jamaican dollars) to the first 100,000 citizens setting up Central Bank Digital Currency (CBDC) wallets after April 1st.
Russia's central bank announced that it will suspend purchases of gold from banks due to overwhelming demand from households, Reuters reports. The purchasing pause will take effect Tuesday with no end date set.
In the latest alarming story that has that disturbing whiff of WWII-era Japanese internment camps, some European banks are now surveilling all Russia and Belarusian clients to ensure they are not seeking to circumvent Western sanctions on Moscow.
Austrians, like myself, have always understood that eventually Inside Money fails because it is ultimately nothing more than a Ponzi Scheme built on top of Outside Money -- money that exists outside the financial system, like commodities and bitcoin
None of the BRIC counties Brazil, Russia, India, China and South Africa put sanctions on Russia even though most of the world shuns the country. Let's recap where we are.
With Russia now officially cut off from both the USDollar and the euro, Russia's VTB Bank is seeing a surge in Chinese Yuan deposits, attracted by the bank offering significantly higher interest rates as Putin shifts focus to 'friendly' nations.
"Defending freedom is going to cost," declared President Biden, announcing an import ban on Russian oil. And no doubt our Commander-in-Chief is right. Everything we do comes at a cost. The goal in peacetime, of course, is to engage in activities
--Withdraw Their Cash Without Going to Prison
The first section of this paper deals with issues fully documented on the CSS. These, events can be accessed by using the search engine on the CSS and the reader will discover at least 2 dozen articles o
Credit is "cracking" are the ominous words that BofA strategist Michael Hartnett chose to describe the bond markets currently, and it is a very ugly picture indeed - for both price... and flows.
As HY bond prices lead equities lower...
At this point, dozens, if not hundreds, of western multinationals have abandoned their business in Russia, some of them have walked away from assets worth billions of dollars.
One week ago, Shell quietly purchased Russian seaborne crude (at a record discount of $28.50) amid a self-imposed boycott by most other Western purchasers of Russian energy products, only to spark widespread populist outrage over its indirect funding
Last week, following reports that as part of its countersanctions, the Russian central bank had banned payments to foreign owners of ruble bonds known as OFZ...
Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator's system coupled with Russia's own Mir network, after Visa and MasterCard said they were suspending operations in Russia.
More than two decades ago, on August 17, 1998, Russia defaulted on its debt and devalued the ruble, sparking a political crisis that culminated with Vladimir Putin replacing Boris Yeltsin and which also eventually resulted in the spectacular implosio
In a remarkable show of force and unity, western powers cast aside all their previous concerns about Russian energy export dominance, and uniliaterally announced the nuclear option of imposing sanctions on the Russian central bank coupled with target
In a remarkable show of force and unity, western powers cast aside all their previous concerns about Russian energy export dominance, and uniliaterally announced the nuclear option of imposing sanctions on the Russian central bank coupled with target
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