On Friday, Congressman Alex X. Mooney (R-VA) introduced legislation to prevent a digital dollar, or Central Bank Digital Currency (CBDC) pilot program through the Federal Reserve. H.R. 3712, known as the Digital Dollar Pilot Prevention Act aims to close a …
via Kitco: Polish central bank bought 14.8 tonnes of gold in April, which was the biggest purchase since June 2019. According to the National Bank of Poland, the country’s gold reserves rose to 7.828 million fine troy ounces (243.5 metric …
by Dismal-Jellyfish https://www.sec.gov/news/speech/gensler-honest-unbiased-investment-management-05192023#_ftn10 SEC Chair Gary Gensler in speech “Honest and Unbiased Investment Management”: Remarks before the Inaugural Conference on Emerging Trends in Asset Management Highlights Private Funds: Today, nearly 75 years later, the private fund industry has grown to …
They require CBDC for SOFR interest rates replacing LIBOR. They're replacing the system right before our eyes. We must reject it. — Christina (@BionicGirlChris) May 15, 2023 Investors yanked $2.1 billion out of financial stocks in the week through May …
Why do banks have $8 trillion in uninsured deposits? Why do cash reserves, not new loans, dominate the increase in M2 over the past decade? Why were banks enticed into accumulating Treasury securities that have led to massive balance sheet …
China’s ambitions to acquire Afghanistan’s natural resources have come to light after the Taliban took control of the country. China has now made a bold move to offer the Taliban $10 billion to acquire the country’s lithium reserves. With no country …
Did you know the Dollar took reserve currency status in 1944 when 80% of all the world’s gold was within it’s borders? Data Link: https://www.gold.org/goldhub/data/gold-reserves-by-country h/t MilkedPolitician
via MICHAEL MAHARREY Tennessee Gov. Bill Lee has signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves …
In January 2023, Singapore’s central bank, the Monetary Authority of Singapore (MAS) returned to gold buying again, adding a massive 44.6 tonnes of gold to its official reserves, and thereby boosting Singapore’s gold holdings from 153.8 tonnes to 198.4 tonnes. …
by Quant2011 https://www.imf.org/en/Publications/WP/Issues/2023/01/27/Gold-as-International-Reserves-A-Barbarous-Relic-No-More-528089?s=08 In contrast to the diversification of foreign currency reserves, which has been undertaken by advanced and developing country central banks alike, active diversifiers into gold are exclusively emerging markets. We document two sets of factors contributing …
“Binance is receiving flak from the crypto community after moving $2.7 billion out of its proof-of-reserves wallet. The exchange responded, saying the move was to a TRX cold wallet.” “Update Nov 20. (12:00UTC): Global economist, Anthony Roubini, recently has also …
It's 2022 and yet top universities still run around with this hilarious idea that banks ''multiply'' reserves into loans Between 1999 and 2006, Japan doubled (!) its monetary base (red) and yet bank loans (blue) fell by 25% The amount …
The Biden administration announced Monday that it is auctioning 10 million barrels of oil from the Strategic Petroleum Reserve (SPR) which it will deliver throughout November, according to a Department of Energy (DOE) notice of sale. The DOE announced that …
by Get-It-Got https://www.newyorkfed.org/markets/desk-operations/reverse-repo
https://twitter.com/WallStreetSilv/status/1568555005585625088 TURKISH CENTRAL BANK'S GOLD RESERVES AT 2-YEAR HIGH Last year they wanted citizens to sell their gold. "That's the way the cookie crumbles." pic.twitter.com/phP01U10kO — Gold Telegraph ⚡ (@GoldTelegraph_) September 9, 2022
by Martin Armstrong The US Strategic Petroleum Reserve (SPR) has been at its lowest level since, ironically, 1984. The reservoirs are composed of four underground sites constructed from salt domes on the Gulf Coasts of Louisiana and Texas. The White …
Joe Biden and Democrats are destroying America one day at a time. Ad it’s all on purpose. Gas prices have spiked since Joe Biden took the White House in 2021. On his first day in office, Joe Biden killed off 42,100 …
Biden Administration to Sell 20 Million More Barrels of Oil From Strategic Petroleum Reserve. President Joe Biden’s administration plans to sell an additional 20 million barrels of oil, according to a notice of the sale filed on July 26. Interested …
BREAKING: 219 House Democrats vote AGAINST Republican effort to block U.S. oil reserves from being sold to CHINA — Kyle Becker (@kylenabecker) July 20, 2022 Motion to Recommit to H.R. 8294https://t.co/nhiUcRHjom — Kyle Becker (@kylenabecker) July 20, 2022
Un-freaked-believable. We sent 5,000,000 barrels of oil to Europe from our strategic oil reserves with prices through the roof for Americans. At this point it’s hard to assume Democrats are doing anything other than purposefully destroying our country! https://t.co/DJ3FcC7THM — …
WE ARE BEING SOLD OUT! The fourth-largest U.S. oil refiner, Phillips 66, shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. Customs data. Trieste is home to a pipeline that …
The Czech Central Bank has announced that it will raise holdings to over 100 tonnes from the current 11 tonnes. This still only represents 0.3% of the Czech National Bank’s assets. They join a growing cohort of Europeans nations repatriating …
President Joe Biden has raided the Strategic Petroleum Reserve three times, but the actions have had minimal impact on oil and gasoline prices, data showed. “Today, we’re launching a major effort to moderate the price of oil — an effort …
NEW – EU is building up strategic reserves for chemical, biological, and radio-nuclear emergencies. The union mobilized its medical reserve unit to procure potassium iodide tablets.https://t.co/gbuMVkGsUh pic.twitter.com/6kZY2WHxaD — Disclose.tv (@disclosetv) April 6, 2022
Ukraine wants Russia’s sanctioned forex reserves, c;aiming they would go into the country’s reconstruction fund (after $398 billion is removed via graft). Ukraine is expecting to be granted access to $400 billion worth of frozen Russian assets for the country’s …
Funding markets showing stress even though reserves are at all time high. FRA-OIS spread vs bank reserves at Fed 👇 pic.twitter.com/sQ0V9DDE83 — Menthor Q (@MenthorQpro) March 13, 2022 Where will spreads peak? The US high yield OAS continues to widen …
Via International Man “It’s possible to have more than one reserve currency.” These are the recent words of Jerome Powell, the Chairman of the Federal Reserve. It’s a stunning admission from the one person who has the most control over …