Banks

What Powell And Lagarde Told The G7?

Published by Egon Von Greyerz | Jul 5, 2020 | 30649

Why don’t Powell and Lagarde tell the people that central bank actions are destroying the economy and the value of the country’s money. The dollar has lost 86% in this century and the Euro 82%, measured in real money. Real money is of course gold since it represents constant purchasing power and is...

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Can Too Big For Fed & ECB

Published by Egon Von Greyerz | Jun 25, 2020 | 35266

Central banks have since then frenetically kept the party going by manufacturing worthless paper money. The music should have stopped in 2008 but the participants are still dancing on the grave of a system that is about to succumb.

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ECB Offers €1.3tn at -1% to Rescue European Banks

Published by Philippe Herlin | Jun 24, 2020 | 41381

By rolling over the debt of ailing banks (new loans to pay off old ones), the ECB is giving them a very bad habit, namely that of governments with perpetual deficits, which are thus exempting themselves from any budgetary effort. What is the point of cleaning up one's balance sheet if the ECB gracio...

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The Great Reset

Published by Cyrille Jubert | Jun 17, 2020 | 53184

On June 3, 2020, at the World Economic Forum, Kristalina Georgieva, the current director of the IMF, gave a conference untitled "The Great Reset". During her speech, she referred to the 1944 Bretton Woods conference, which had set the monetary rules for the following decades and she declared that th...

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The Largest Ever Physical Transfer of Gold

Published by Goldbroker ™ | Jun 2, 2020 | 9804

The resulting record divergence in gold futures vs spot unleashed a flood of physical gold into the US as a record scramble by traders rushing to take advantage of this arbitrage opportunity by shipping bullion to New York sparked what Bloomberg said "may be one of the largest ever physical transfer...

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US Gold Confiscation Would be Folly

Published by Egon Von Greyerz | May 28, 2020 | 58837

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in worthle...

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Gold, the Winning Asset of the Coronavirus Crisis

Published by Philippe Herlin | May 13, 2020 | 41132

Gold will be the only winner in the current crisis. This is the opinion of a bank's (Natixis) research department, which is not so common, it should be pointed out, as financial institutions rarely speak highly of the precious metal, as it is precisely because it allows one to free oneself from the...

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