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There has been a long list of revelations coming out of the recent World Economic Forum meeting in Davos, but one issue that might have gone under the media radar involves...
The incoming governor of the Czech National Bank (CNB), Aleš Michl, said that he plans to massively increase the central bank's gold reserves from the current 11 tonnes to over 100 tonnes or more.
(from May 2014): They were installed to steer customers away from expensive bank branches, but now the banks think the ATMs also have become too expensive to operate.
Well, here we are. It's 2022 and the merger of the cashless society and the biometric ID grid is nearing completion. In fact, the current iteration of this control grid agenda is even worse than predicted.
"The view was generally held that centralization of banking would inevitably result in one of two alternatives: either complete government control, which meant politics in banking, or control by 'Wall Street,' which meant banking in politics."
This echoes a March report from the IMF, which claimed over one hundred nations are at least in the planning stages of releasing their own CBDC.
A new report from the Bank of International Settlements estimates that up to 90% of national central banks are at least in the planning stages for launching a central bank digital currency (CBDC):
It's no coincidence that as the greatest threat to banking, Bitcoin is constantly under fire from the industry and its beneficiaries...
It's been a challenging year for consumers. And with the highest inflation in four decades, some are paring back spending on big-ticket items, such as used automobiles. After jumping 90%, since the start of the virus pandemic, used car prices are coo
Central Banks have one real job: avoid inflation! It's here, and the consequences will be devasting as conventional rate-hiking wisdom is used to fight a wholly exogenous supply side shock.
International Man: What is the idea behind the so-called "Great Reset?"
The Bank of Russia prematurely and abruptly dissolving its ruble gold peg heavily suggests a definitive answer to this question.
Meet the new boss, same as the old boss.
In recent articles I have argued that the era of a financialised fiat dollar standard is ending. This article takes my hypothesis further and explains that it is not just the emergence of new commodity backed currencies in Asia that will threaten the
Banxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency (CBDC), the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before
This is urgent! Everyone in the Crypto space needs to pay attention!
German borrowing costs rose on Tuesday as the European Central Bank's non-committal tone in explaining euro-area monetary policy outlook left them exposed to the U.S. bond selloff.
Russia's war in Ukraine is obscuring one very alarming threat posed by the Chinese regime: its system of paperless money, warned hedge fund manager Kyle Bass.
Inflations have an inbuilt mechanism that works to burn them out.
The central bank of France has covertly repatriated 221 tonnes of gold between 2013 and 2016. Since then, all its monetary gold is stored in La Souterraine in Paris. Repatriating all gold is related to France's aim to revamp Paris as a gold trading
Data Dump Shows $48 Trillion in Stealth Funding
Behind the looming housing crisis and ensuing global contagion were attempts to empower the Federal Reserve with enormous and almost unfathomable controls over the economy.
Jamie Dimon believes JP Morgan should embrace the digital sphere by allocating billions of dollars to the banking giant's tech budget as well as through a strategy of direct to consumer products that compete directly with fintech.
Earlier this week, Federal Reserve governor and vice-chair nominee Lael Brainard indicated the central bank will shrink its balance sheet at a "considerably" more rapid pace than it did during the previous cycle. I, Peter Schiff and a few others
The CEO of BlackRock has said that the Ukraine invasion could be used to accelerate use of central bank digital currencies. Luckily, Blackrock aren't a very big company with connections to government with authority that rivals the World Bank, so no
During a recent podcast, Peter Schiff talked about how the Bank of Japan lied about inflation being too low in order to justify its reckless monetary policy and keep interest rates artificially low in order to prop up the country's massive debt. In
Commentators are trying to make sense of Russian moves. However, there is a back story which differs from much of the speculation, which this article addresses.
Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold.
--(And Not For The Better) Given how much is at stake, this financial revolution is among the most important questions today's societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner
A day after Biden and his pals in Brussels discussed ways to stop Russia utilizing its gold reserves to maintain some stability in an increasingly chaotic economy, the Bank of Russia has just announced plans to begin buying gold from its banks at a f
