reserves – Page 2 – Investment Watch

Arizona Legislator Proposes Securing State Reserves with Gold and Silver

January 22, 2019

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 … Read more

The Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018, Slickest Annual Wealth-Transfer from Taxpayers to Banks

January 10, 2019

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 … Read more

Russia Dumps $101 Billion From Dollar Reserves in Pivot to China

January 10, 2019January 10, 2019

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 … Read more

US Bank Reserves 10% – EU Bank Reserves 1%

November 30, 2018November 30, 2018

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 … Read more

Beijing is burning through its foreign reserves to prop up the yuan and prevent a currency outflow crisis, and the country is undergoing a real estate bubble. Eventually, something’s gotta give.

November 13, 2018November 13, 2018

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. … Read more