Central banks bought a record amount of gold

Gesara.news » » Central banks bought a record amount of gold

Share via:

Date: November 1, 2022

Record central bank buying lifts global gold demand, WGC says.
Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping to lift global demand for the metal, the World Gold Council (WGC) said on Tuesday.
Sources: reuters.com

Trump Allies Target Fed's Independence: WSJ

Some members of Trump's team are devising plans to restructure the Federal Reserve, which could grant the president direct influence over interest rate decisions and potentially remove the current Fed Chair, Jerome Powell, from office before his term ends in 2026.
This move is part of a broader strategy by Trump's allies to diminish the Federal Reserve's independence if he secures a second term, amidst internal disagreements among his advisers on how forcefully to challenge the central bank's authority.
> WSJ report<
This effort follows the federal government's actions in 2020, during Trump's tenure, where large portions of the financial markets were nationalized, with the Federal Reserve providing the necessary funds.
Notably, BlackRock was entrusted with executing the trades, effectively merging the Federal Reserve and Treasury into a singular entity.

Trump predicts a market crash in the next 12 months

Former President Donald Trump anticipated a US economic crash and expressed a hope that it would happen within a year, prior to a potential second term in office, if he were to win the November election.
'When there's a crash, I hope it's going to be during this next 12 months because I don't want to be Herbert Hoover. The one president - I just don't want to be Herbert Hoover,' Trump stated in an interview Monday on Lindell TV.
In 1929, during Herbert Hoover's first year as president, the US stock market crashed, triggering the start of the Great Depression, leading to widespread economic hardship and unemployment across the nation.

Biden cited Republicans: Trump is still President

Biden at the 10-year anniversary of the Martin Luther King, Jr. memorial:
It's something like 20 percent of the Re- or half the Republicans - the registered Republicans: I am not your President; Donald Trump is still your President. As we Catholics say, "Oh, my God."
Sources: twitter.com ,www.dailymail.co.uk

Vatican-Backed Report Urges Global Debt Relief

🙏🏛 A new Vatican-backed report, authored by a commission of leading global economists and experts, calls for urgent global debt relief to address the escalating crises of development and climate change. The Jubilee Report highlights that 54 developing countries now spend over 10% of their tax revenues just on interest payments, diverting critical resources away from health, education, and climate resilience. The report urges systemic reforms, including fairer debt restructuring and a reimagining of global finance to serve people and the planet, not just profits.
This initiative builds on the vision of Pope Francis, who declared 2025 a Jubilee Year focused on debt forgiveness and justice. Now, this mission is being carried forward by the new Pope, Leo XIV, who emphasized at his inauguration the urgent need to overcome economic systems that exploit the Earth and marginalize the poor. Under his leadership, the Vatican continues to champion debt relief as both a moral imperative and a practical step toward global equity and sustainability

Executive Order on Ordering the Selected Reserve of the Armed Forces to Active Duty

The Secretary of Defense is directed to order to active duty for not more than 365 consecutive days, any units, and any individual members not assigned to a unit organized to serve as a unit, of the Selected Reserve under the jurisdiction of the Secretary of Defense, not to exceed 200 Selected Reservists at any one time, as he considers necessary.
Source:whitehouse.gov