Banks

What Powell And Lagarde Told The G7?
Published by Egon Von Greyerz | Jul 5, 2020 | Articles 7675

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 the only money which has survived in history.

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ECB Offers €1.3tn at -1% to Rescue European Banks
Published by Philippe Herlin | Jun 24, 2020 | Articles 12044

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 graciously provides the necessary liquidity? The intrinsic situation of the large European banks is therefore not going to improve, at the greatest risk to savers...

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The Great Reset
Published by Cyrille Jubert | Jun 17, 2020 | Articles 13637

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 this epidemic is an opportunity to change the world.

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The Largest Ever Physical Transfer of Gold
Published by Goldbroker ™ | Jun 2, 2020 | Articles 3219

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 transfers of the metal."

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US Gold Confiscation Would be Folly
Published by Egon Von Greyerz | May 28, 2020 | Articles 36963

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 worthless paper money.

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