From 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 …
by Martin Armstrong I have been warning that governments will do whatever they like as we enter this last 13 years phase into 2032 when this all just collapses. Turkey has seized 25% of all income of exporters in foreign …
Like the rest of you I’m watching the inflation drama unfold but I assumed they had plenty of powder considering they haven’t enacted capital controls yet . Did a quick Google search and it appears that it’s an absolute mess …
by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Bullion Star researcher Ronan Manly tonight reviews the Irish central bank’s habitual secrecy about its gold reserves even after its recent increase of those reserves by a third. Manly writes: “Until …
Two weeks ago Joe Biden announced he was going to open the US oil reserves. This was after he spent the last year blocking pipelines and production here in the United States. Now we know that the oil reserves are …
Tether convinced Deltec Bank to open US accounts in Deltecs name in order to disguise the real business. Just like they did with Fowler. Bad news for the Tether fraud. Deltec US accounts with Tether “reserves” could be shutdown. @Citibank …
by Chris Black One of the first things the Joe Biden admin did was to shut down a bunch of oil pipelines. They claimed they were doing this as part of a grand scheme to change the weather. This was …
U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace (Bloomberg) — If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may …
by: Stefan Gleason After sitting on the sidelines for much of last year, central bank appetite for gold has resumed, in part due to inflationary pressures globally along with disruptions in the energy market. Russia recently reached a milestone record …
Brazil’s central bank purchased over 62 tons of gold in three months through July 2021, raising the nation’s reserves to nearly 130 tons. The estimated growth of physical holdings reportedly amounted to 92.4%. The bulk purchase of 41.8 tons was …
by Money Metals News Service Washington, DC (May 26, 2021) – America’s gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U.S. Representative Alex Mooney (R-WV) becomes law. The Gold Reserve …
https://youtu.be/Z1ZJrQH-HOw
by confoundedinterest17 The US Dollar’s share of global reserves has dropped to the lowest level in 25 years! The US Dollar is strengthening, which may restore global confidence in the dollar. Doubtful.
By Haley Zaremba When it comes to its strategic petroleum reserves–and most other things, for that matter–China keeps its cards close to the vest. While tight-lipped government agencies have not and likely will not release detailed data about their strategic …
If you were wondering why Trump is attempting a coup in Venezuela, look no further. Via Visual Capitalist Map: The Countries With the Most Oil Reserves There’s little doubt that renewable energy sources will play a strategic role in powering the global …
via business-review.eu: Romanian senators adopted a draft law introduced by PSD leader Liviu Dragnea and senator Serban Nicolae to force Romania’s National Bank (BNR) to bring almost all of Romania’s gold back from reserves being held at the Bank of England …
by Orangutan The Fed is supposedly a private organization that print our currency and charges us interest for doing so. Ellen Brown wrote this article and I think she even did an AMA here at one point. She’s also in the …
by howmuch Crude oil is a fossil fuel derived from marine plants and animals that died millions of years ago, before the dinosaurs. In its liquid form, crude oil can be found underground in reservoirs, sedimentary rocks, and tar sands. Crude …
by GoldCore China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 …
Why do you think that Italy has decided to do this? Do you believe gold is important to Italy? I have considered the possibility that if Italy is eventually going to collapse and end up with the Lira again, having …
by moneymetals Phoenix, Arizona (January 22, 2019) – An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times. The Fed reported its preliminary results this morning for …
via Bloomberg: “Russia is making a strategic shift in its reserves towards holding fewer dollars and more assets in other currencies,” said Benn Steil, director of international economics at the Council on Foreign Relations in New York. The data reveal …
by Martin Armstrong QUESTION: What mechanism prevents banks from creating fraudulent electronic deposits of currency? As an IT systems admin, I have the ability to add / subtract / adjust ERP systems inventory / costing outside the normal users ability. I …
HOUSE OF CARDS: Forget the trade war, China’s economy has other big problems. The Chinese economy expanded rapidly in the years after the global financial crisis thanks to repeated debt binges. “China’s growth has been highly credit intensive,” said Gerard Burg, …
Join Mike Maloney as he analyzes the recent stunning news from the Hungarian Central Bank – an absolutely massive shift in their gold reserves.
The Russian military accused their Israeli counterparts for causing the shot-down of a Russian Il-20 plane by the Syrian air defense forces, which were responding to an Israeli air raid on Latakia. The Israeli Air Force launched their surprise night …
by Thinker OIG Semi-Annual Audit Results That You NEVER Knew Occurred. This article is a series compiled by Lisa Evans Rockwell into the OIG Audits into a large variety of departments. Each is broken down by individual audits and highlights …
by Jesse This excerpt below is from a blog which I published in 2013. It is a theme that I have been striking since 2009 specifically. The turn in central bank gold buying came in 2008, although the bullish case …
