Many central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks.
"Earlier today apparently a woman rang the BBC and said she had heard that there was a hurricane on the way. Well if you are watching, don't worry, there isn't."
Coronavirus lockdowns used to justify Australia's big four banks shutting down branches and remove ATMs
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone's focus on the coronavirus, is unexpected.
Back in October, I published a blog post titled, "This Is What Monetization of the Debt Looks Like," arguing that the Fed's intervention in the repo market at the time was not a return to "quantitative easing," as many critics suggested at
Brainard Says Fed Collaborating With MIT On "Hypothetical" Digital Currency
As noted earlier, silver is crashing as much as 15% today, a plunge which if it had spread to stocks would prompt a panic at the Fed and an injection of at least several trillion.
The reasons why are multifarious, but ultimately flow from their fundamental resentment of any money they do not control and cannot design. Central planning requires central money, and gold stands apart by it very decentralized nature.
According to a recent CNBC report, the Federal Reserve is set to make a major commitment to "ramping up inflation."
A run on the Bank of Huludao in China's Liaoning Province began on Monday, Aug. 3, a day after the bank announced on its official website that its former president, Wang Xueling, is under investigation on suspicion of serious violations of the Comm
Nothing says liberty and equality quite like swooping in and passing a piece of legislation that instantly absconds with the wealth of America's most successful businessmen.
For all its monetary generosity, despite injecting $3 trillion reserves into the banking system (if not the economy), the Fed remains stuck with two big problems.
Defense attorney and constitutional scholar John Remington Graham maintains that despite being two separate countries with different cultures and legislative interests, North and South had been held together by statesmen effecting compromises.
In spite of the officially declared "independence" of the Federal Reserve from the immediate political control of either Congress or the White House, America's central bank is, nonetheless, a branch of the U.S. government that is responsible fo
WTF Happened in 1971; precious metals; gold standard...
Over a decade ago we were mocked and ridiculed for saying that the Fed was manipulating and rigging stock markets, pushing risk assets higher (either singlehandedly or via Citadel) and its only mandate was to prop up consumer confidence by preventing
Amidst the annual spectacle of the World Economic Forum in Davos, the Bank for International Settlements this week announced that multiple central banks have created a group that will 'assess potential cases for central bank digital currencies'.
As confirmed by several economic outlets, including Bloomberg, Bank of England governor Andrew Bailey took part in a VTALK with students this past Monday for Speakers for Schools. When the subject of digital currency came up, Bailey said:
James Corbett says that, in 2008, banks were bailed out with trillions that left taxpayers on the hook to pay for "too big to fail" banks, but people were critical of the scheme...
If Wells Fargo plunged yesterday due to being one of the few US banks without a trading desk to offset its balance sheet woes, then Goldman was the opposite, and without much of a balance sheet to talk about (its attempts to attract subprime borrower
Yesterday US President Trump officially removed Hong Kong's US special status, with few extra details that we didn't already know other than that HK passports are no longer any more welcome than Chinese ones in the US, and that Fulbright scholars
For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) tr
Subterranean Joe, Sick, Blues "There's no way I can lose." That is the title of a Bloomberg article today looking "Inside China's Stock-Market Frenzy".
Recently the Fed released this reassuring statement: "The banking system remains well-capitalized under even the harshest of these downside scenarios. . ." In other words, everything is just fine.
Gold's allure in 2020 continues to strengthen, with spot prices surpassing $1,800 an ounce and inflows into bullion-backed ETFs already topping the record full-year total set in 2009.
The ideological agenda of central banks to digitise the entirety of the world's financial system and to maintain their power base is being spearheaded by the BIS...
Gold as an asset class is confusing to most investors. Even sophisticated investors are accustomed to hearing gold ridiculed as a "shiny rock" and hearing serious gold analysts mocked as "gold bugs," "gold nuts" or worse.
There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments.
American taxpayer dollars intended to help countries weather the global downturn could flow into Chinese Communist Party coffers, U.S. officials and analysts fear.
The process is beginning with extreme restrictions on the amount of change sent to each Federal Reserve bank and this filters down to the local businesses. We are on our way to a globalist digital currency.