Peter Zöllner, Head of Banking Department of the BIS, at the Global Precious Metals Conference 2022, Lisbon about what GOLD is…… they love GOLD! But want everyone else use DEBT as an asset!

by Quant2011 https://www.bis.org/speeches/sp171022.htm and they say it openly: Gold is durable and largely imperishable, and nobody’s liability if you hold it physically in your vaults, which frees it from default or counterparty risk. Unlike currencies and debt instruments – which …

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Global Leaders Dump The Dollar – Why Now?

Photo by Nanditha Rao From Peter Reagan at Birch Gold Group We are living in chaotic times. Record inflation, historic U.S. debt, and rising geopolitical tensions only represent the tip of the iceberg. Right now, as a consequence of those three forces, …

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Global Bubbles Are Popping…

by Charles Hugh-Smith So here we are: the global credit-asset bubbles are popping, and the illusory “prosperity” generated by the bubbles is about to tumble off a cliff. There are two kinds of prosperity, one fake, one real. Bogus “prosperity” depends …

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The Coming Great Global Default

by Martin Armstrong QUESTION: Dear Martin Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system? Will there be differences between countries like Germany and Switzerland for example? Especially regarding pension …

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World Economic Forum Says Global Economy Collapsing

by Chris Black I guess these people would know. They are the “World Economic Forum,” after all. https://twitter.com/wef/status/1613097209846702080 https://twitter.com/wef/status/1613105965146189825 It’s exhausting to see boomers claiming constantly that these people have everything under control, because that obviously isn’t true. RT: The …

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Everyone Agrees Global Recession Imminent

by Chris Black This government is doing interest rate hikes at the same time they are printing insane omnibus bills, and at the same time they are collapsing the global energy market with their lunatic Russia sanctions. The only possible …

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