Independent thinking for complex markets and current events
by Mike Maharrey Russia plans to introduce central bank digital currency for public use next year. This is another step forward toward a completely cashless society and a step backward for financial privacy. According to a press release from the Bank of Russia, digital rubles will be available to the public by July 1, 2025, and the …
by Mike Maharrey According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset. With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now makes up about 16 percent of total reserve …
It’s a busy week for central banks worldwide, with a flurry of rate decisions expected. The Federal Reserve’s two-day meeting, starting Tuesday, is likely to steal the spotlight as markets anticipate a potential start to the Fed’s rate-cutting cycle. Traders are largely expecting a quarter-point reduction, though some are betting on a half-point cut. Brazil’s …
BY DAVID HAGGITH You may beat the inflation rate back down, but all future inflation happens from the new higher benchmark of prices that never fall back down, and central banks never stop trying to push them up. Photo by Rob on Unsplash “The time has come for cuts,” Powell said at the Jackson Hole Economic Symposium Powell, of …
A recent string of robberies in New York’s famous central park have captured the attention of the entire city. While crime in central park had been trending upwards since this spring, these recent robberies were committed by individuals who live in NYC shelters for asylum seekers. To date, robberies in central park are 200% higher …
https://twitter.com/FinanceLancelot/status/1826800230911934687 pic.twitter.com/kjGOfTh9Fe — Financelot (@FinanceLancelot) August 23, 2024 "Housing supply is surging as a record number of buyers get cold feet amid sky-high prices" uhhhhh oh pic.twitter.com/nYAOp902BC — Darth Powell (@VladTheInflator) August 22, 2024
"Central banks are hoarding gold faster than we've ever seen." https://t.co/J9XZM6jxsg via @dailychartbook pic.twitter.com/Rg9zR1EhiT — Jesse Felder (@jessefelder) August 17, 2024 Gold hits an ATH in US $…ever, and not a mention in the CNBC’s of the world. The US MSM has done a great diservice to its audience by never acknowledging the one asset …
Global Central Bank Gold Purchases, in Tonnes, Q1/2010-Q1/2024 pic.twitter.com/wWD1RbMQts — Win Smart, CFA (@WinfieldSmart) August 13, 2024
Why did the carry trade trap spring shut? Brandon Smith of alt-market.com explains why central banks typically coordinate their moves in secret – and what happens when they don’t… From Brandon Smith In 2022 there was considerable debate among alternative economists what the Federal Reserve was likely to do in the face of rising stagflation. There …
This weekend's #Bitcoin crash is an example of why Bitcoin will never be a reserve asset for any major government or central bank. A reserve asset must have relatively low volatility. It needs to be readily sold when needed. It can't crash more than assets it's supposed to hedge. — Peter Schiff (@PeterSchiff) August 5, …
"Recession Triggered" The Everything Bubble pops as jobs collapse and the dreaded Sahm Rule triggers. Japan's implosion is icing on the cake. Morgan and Citi are now predicting a full point of rate cuts in the next 2 meetings — that qualifies as panic in Central Banking.… pic.twitter.com/pPHTDXMDMz — Peter St Onge, Ph.D. (@profstonge) August …
Russia’s central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises. Prices have risen fast since Moscow launched its full-scale offensive in Ukraine in February 2022, as massive government spending and skyrocketing wages have pushed up demand across …
True, $AAPL is a huge chunk of Swiss Central Bank reserves……. https://t.co/rI2Pj7VQOV — JustDario 🏊♂️ (@DarioCpx) July 11, 2024 The big boys love this stock. It's also in some central bank holding. If the stock tanks their holding become less valuable, so even if it's shit, they need to keep the price up through all …
The Idaho Central Credit Union (ICCU) recently faced scrutiny due to their member agreement that initially prohibited using ICCU accounts for firearm and ammunition purchases. However, after receiving feedback and feeling the heat, they promptly revised their terms and conditions. Gone is the verbiage prohibiting firearm and ammunition purchases, crypto, and controlled substances. However, ICCU still prohibits using …
🚨 Here's a wild stat: June 2024 marked the first time in 44 months that no global central bank hiked interest rates. A global easing cycle is upon us. Prepare accordingly. pic.twitter.com/JBpogzFxzb — Jesse Cohen (@JesseCohenInv) July 8, 2024 Funny enough, markets tend to rally ahead of rate cuts, and then correct lower once the …
World Central Banks buying gold spree has been the longest since the 1950s and 1960s. As a result, Official world gold reserves reached 1,170 million fine troy ounces, higher than just before US President Richard Nixon broke the US Dollar's link to gold in 1971. Got gold? pic.twitter.com/LR8adyEJrh — Global Markets Investor (@GlobalMktObserv) June 28, …
Central banks were recently asked why they buy gold. Their responses were not surprising but reassuring. Almost 50% of respondents cited three main reasons: No default risk. Strong performance during crises. Historical significance. In reality, no other asset matches gold’s… pic.twitter.com/G982GBnL0q — Otavio (Tavi) Costa (@TaviCosta) June 22, 2024 Central banks have indeed been increasing …
So what’s left to prop up their exchange? ‼️ The Russian “Central Bank is preparing to stop exchange trading in the yuan following the dollar and euro” 🍿https://t.co/I25aUztySB pic.twitter.com/hVhhOOC8pV — Prune60 (@Prune602) June 20, 2024 The Russian currency market, already deprived of exchange trading in the dollar and the euro, may be left without …
via crowdfundinsider: Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach. The project aims to explore a multi-central bank digital currency (CBDC) platform “shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement.” Project …
The 2024 Central Bank Gold Reserves (CBGR) survey conducted by the World Gold Council reveals that 29% of central bank respondents plan to increase their gold reserves in the next twelve months. This is the highest level observed since the survey began in 2018. The motivations behind these planned purchases include a desire to rebalance gold holdings, domestic gold production, and concerns related to financial markets, including …
Central banks around the world are now starting to cut interest rates. With the Bank of Canada and the ECB being the first two central banks to cut. Does that mean that the Federal Reserve might be next?
Chinese Yuan will become Russia’s main currency – Russian Central Bank The yuan/ruble exchange rate will now set the trajectory for all other currency pairs, including the euro and dollar, the bank’s statement said. Meanwhile, in many Russian banks there are no dollars available for purchase, Russian media report. People line up by banks and …
Now central banks can't prevent collapse, and they can't stop collapse. We have achieved global monetary euthanasia. pic.twitter.com/KRSfEnTuYV — Mac10 (@SuburbanDrone) June 9, 2024 42% of Russell 2000 firms are unprofitable $IWM pic.twitter.com/xtC4Ur9j0o — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 9, 2024 I think the more the Fed has to stay “higher for longer” …
The gold rush of central banks. Today’s Michael Lewis “Big Short” opportunity is rather the ongoing devaluation of fiat currencies relative to real assets with limited supply, which are imperative to society either as commodities or sound money. pic.twitter.com/t6JZMmbAmm — Otavio (Tavi) Costa (@TaviCosta) June 1, 2024 I've been asked for years, "What is going …
Reserve Bank of India has moved 100 tonnes of gold from the UK to its vaults in India, marking a significant shift in gold storage. The transfer was for logistical and storage diversification reasons. NEW DELHI: Reserve Bank of India has moved a little over 100 tonnes of gold from the UK to its vaults …
Central bank net purchases now account for more than a fifth of global gold demand or about twice the proportion between 2012 and 2021 pic.twitter.com/z9pcvCZqin — Win Smart, CFA (@WinfieldSmart) May 28, 2024 BREAKING: 🚨 Argentina Argentina's Peso has plummeted to an an all-time low against the U.S. Dollar on the Black Market (which is …
via André Marques Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest rates) has five main consequences that harm overall living …
JUST IN: 🇺🇸 US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC). — Watcher.Guru (@WatcherGuru) May 23, 2024 Look at the vote. The Republicans want you to have financial freedom while the Democrats want financial slavery. JUST IN: 🇺🇸 House passes bill to ban Federal Reserve from …
