Central banks gold reserves switch
Gesara.news » News » Central banks gold reserves switchNews Date: March 11, 2022
The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won't let inflation run too hot, even if it means slower growth.
In commodities, the upside potential in gold is more than just a safe haven hedge, as the rising geopolitical tensions and the latest sanctions imposed on the Russian central bank will bring the central banks around the world to reconsider their FX holdings, and start shifting towards a nationless gold.
Here is a 3 minute snip from the ~30 minute press conference with PM Abe from Japan.
Go to 1:50 if you want the start of the exact statement:
The White House removed nine members of the Pentagon Defense Business Board on Friday and installed people loyal to President Donald Trump in their place, including presidential allies Corey Lewandowski and David Bossie.
Sources: www.politico.com, www.resignation.info
A Wed. 24 June afternoon Trump tweet "Gold is the Standard" was an announcement of the new Gold Standard through the GCR/RV final roll-out underway right now.
The government foresees canceling a large part of the central bank's foreign currency obligations to commercial banks.
The plan includes several measures that are prerequisites to unlock funds from a preliminary deal with the IMF agreed in April.
White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart.
"I wouldn't be surprised that, if something gets left off the table, we'd be like "we can take this executive action too and be able to win on it anyway," one official said.