central

US Congress BAN’s the Federal Reserve from creating a Central Bank digital currency

BREAKING: The House Financial Services Committee has banned the Federal Reserve from creating a Central Bank digital currency. — Leading Report (@LeadingReport) September 20, 2023 CORRECTION:Congress must AUTHORIZE a central bank digital currency. Source below. “House Financial Services Committee…prevents the issuance of a central bank digital currency (CBDC) WITHOUT explicit authorization from Congress” pic.twitter.com/yrHr1TdRJQ — …

READ MORE

Liquidity Fairy Alert! It just keeps going up! Bank Term Funding Program usage above $100B for the 15th consecutive week! ($107.993B vs $107.855B 9/6). An over reliance on central bank funding, the BTFP is a moral hazard! As of 8/31/23, $2,173,066,000 in interest to survive another day.

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 15th consecutive week above $100 billion! What we are reviewing: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …

READ MORE

Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 13th consecutive week ($107.527B vs $107.386B 8/17). An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard!

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 13th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …

READ MORE

Fake “value” created by the 15-year QE from central bankers getting vaporized from Ponzi markets worldwide

by Simian_Stacker The vulnerable ones go first, and then it spreads. ” Mr Lincoln said “all industries are represented” but the failure rate was particularly concentrated in start-ups and tech companies. ” Warning issued that 75% of all ASX-listed companies at risk of collapse Australian investors are facing a “nightmare” scenario as more than 75 …

READ MORE

Charles Hugh-Smith: No, Central Banks Won’t Save Us This Time

via Charles Hugh-Smith  So hey, central bank cheerleaders, lackeys, toadies, apologists, apparatchiks and sycophants: no, the central banks aren’t going to “save” your precious asset bubbles from popping. There’s a fanciful confidence afoot that central banks will once again coordinate a global “save” as markets careen out of control. They won’t. There are many reasons for …

READ MORE

Uncoordinated central banks causing risk in today’s economic climate.

The biggest risk that today's pundits are universally ignoring is the fact that unlike during the pandemic, all of these central banks are now totally uncoordinated in their actions – some pausing, some tightening, some easing. Which will make this a TOTAL CLUSTERFUCK. pic.twitter.com/JDo7PGE1NF — Mac10 (@SuburbanDrone) August 16, 2023 Global tightening, debt, tech bubbles, …

READ MORE

SURPRISE! China Central Bank unexpectedly cuts rates amid economic issues…. August 2015: Yuan devaluation worsens as Chinese government struggles to stimulate economy

pic.twitter.com/uX9VoRGdXK — Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023 Does anyone remember August 2015 – Yuan deval? Well, it's about to be a lot worse this time as the Chinese government can't stimulate the economy and support the currency at the same time. So why not just let the currency do the heavy lifting? pic.twitter.com/fAcHUIQMhH …

READ MORE

CBDC Means Central Bank DIRECT Control (Central Bank Digital Currency Is Frought With Moral Hazard Risks)

by confoundedinterest17 Central bank digital currencies (CBDCs) are the digital form of a government-issued currency that isn’t pegged to a physical commodity (in other words, CBDCs are digital FIAT currency). They are similar to cryptocurrencies, except that their value is fixed by the central bank and equivalent to the country’s fiat currency, which is the US Dollar. …

READ MORE

NYC moving illegals into city parks, central park likely next

“New York City Mayor Eric Adams (D) has started moving border crossers and illegal aliens into recreation centers at parks in two of Brookyln’s ultra-liberal neighborhoods. Another migrant camp may soon be coming to Manhattan’s Central Park.” New York City Mayor Eric Adams (D) has started moving border crossers and illegal aliens into recreation centers …

READ MORE

European Central Bank raises rates for 9th time, a 23-year high. Business credit conditions in the EU at 2008 levels

The European Central Bank just raised rates for the 9th consecutive time Inflation in Europe is still 5.5% Rates are now at a 23-year high in Europe: pic.twitter.com/YSpUeBSw1H — Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023 Business credit conditions in the EU at 2008 levels ⚠️ pic.twitter.com/uH6x9eiT1E — Longview Economics (@Lvieweconomics) July 27, 2023 Home …

READ MORE

Putin signed a law on introducing a central bank digital ruble and creating an appropriate electronic platform effective in 1 week

JUST IN – Putin signed a law on introducing a central bank digital ruble and creating an appropriate electronic platform — TASS — Disclose.tv (@disclosetv) July 24, 2023 UST IN – Putin signed a law on introducing a central bank digital ruble and creating an appropriate electronic platform — TASS Putin signs law on introduction …

READ MORE

IMF deputy managing director, Bo Li: Central Bank Digital Currencies (CBDCs) will be programmable

IMF deputy managing director, Bo Li: Central Bank Digital Currencies (CBDCs) will be programmable, such that governments will be able to centrally determine what kind of people can use them, and what kind of things people can buy with them, in order to enforce their desired policy objectives. IMF deputy managing director, Bo Li: Central …

READ MORE

Inflation Alert! The Reserve Bank of New Zealand’s Monetary Policy Review July: The Official Cash Rate (OCR) held at 5.5%. Employment above sustainable level, Consumer spending slows. Could this be the start of other central banks pausing this time as the Fed take the lead with the July rate hike?

by Dismal-Jellyfish https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. The RBNZ expects the OCR to remain at this level for a while to ensure inflation returns to the target range …

READ MORE

Ukraine’s Gold and Currency Reserves Now Largest Ever, Says Central Bank.Their Budget is balanced, soon profitable , The US isnt , hmmmmm

Ukraine’s National bank says it now holds nearly $39 billion in foreign reserves, the highest level in the history of the country as an independent nation, as it continues to receive large deliveries of cash from allied nations. There was a $38.99 billion reserve held by Ukraine as of July first, the National Bank of …

READ MORE

WEF – Digital Currency will be Programmable. Central Bank will say what you can and can’t buy and when

“Central Bank Digital Currency will be programmable… ultimately giving the issuer control over *how it is spent by the recipient*… your freedom to purchase fuel, meat, flights, fertilizers will be limited to a carbon credit score.” Central Bank Digital Currency will beprogrammable… ultimately giving the issuer control over *how it is spent by the recipient*… …

READ MORE

Germany’s central bank may need bailout to cover debt losses.

via The Telegraph: Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned. The Bundesrechnungshof said losses faced by the Bundesbank on more than €650bn (£570bn) of bond purchases were “substantial” and …

READ MORE

Central banks debasing and FIAT currencies plummeting in precious metals, causing a perfect gold storm.

by BoatSurfer600 We are seeing what can be expected at this stage, i.e. central banks taking turns debasing and FIAT currencies plummeting with regards to precious metals and purchasing power. The perfect gold storm is now here Source: https://kingworldnews.com/crude-oil-will-soar-to-at-least-250-300-and-the-perfect-gold-storm-surge-to-10000-15000/

Inflation Alert! Bank of England (50 basis points), Norway Central Bank (50 basis points), Swiss National Bank (25 basis points) all raise interest rates to combat inflation. Remember, JPow told Congress yesterday rate hikes needed here but the Fed is not acting while other central banks are.

by Dismal-Jellyfish Norway: https://www.norges-bank.no/en/topics/Monetary-policy/Monetary-policy-meetings/2023/june-2023/ Policy rate raised to 3.75 percent Norges Bank’s Monetary Policy and Financial Stability Committee decided to raise the policy rate by 0.50 percentage point to 3.75 percent. The Committee’s current assessment of the outlook and balance of risks implies that the policy rate will most likely be raised further in August. Inflation …

READ MORE

Central banks are badly losing their war against FOOD INFLATION

via naturalnews: Amid a wave of interest rate hikes by central banks across the globe, the surge in food prices continues unabated. Experts associated this phenomenon with two key factors: the inelasticity of food demand and a looming long-term supply crisis. Despite the best efforts of central banks to rein in inflation through interest rate adjustments, the …

READ MORE

Something is broken? Its not just the Fed… World Central Banks starting to add liquidity; Corporate Insiders are selling heavily into the stock market rally over the last 2 months

Its not just the #Fed… World Central Banks starting to add #liquidity See our latest liquidity heatmap pic.twitter.com/ryLxnyE4Sp — CrossBorder Capital/ GLIndexes (@crossbordercap) June 20, 2023 Corporate Insiders are selling heavily into the stock market rally over the last 2 months pic.twitter.com/bwBupLJWuh — Barchart (@Barchart) June 20, 2023 Credit card debt is now less than …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.