The true fear of an economic calamity on the near horizon was further clarified yesterday as gold once again illustrated its status as the world’s number one safe-haven asset.
Tag: central banks
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CENTRAL BANKS: NOW THE HARD PART BEGINS
Overall inflation has been falling in most countries in recent months as central banks have used higher interest rates to rein it back.
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NEW ZEALAND TIPS INTO RECESSION
The central bank’s higher interest rates and the cost of cleaning up after floods and a cyclone sank New Zealand’s economy into a recession during the first three months of this year.
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ECB CALLS IN €500 BILLION IN COVID-ERA LOANS TO BANKS
Eurozone banks must repay €476.8 trillion worth of COVID-era loans to the European Central Bank on 28 June.
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GLOBAL DEBT CRISIS. (YOU ARE IN ONE.)
There has been no other time in the history of the world where global debt has risen faster than it is rising today. Moreover, the big secret is this: no matter how much debt puppet governments pump into the system, via the REAL world government system which is world central banks, the amount of debt pulled into the system is never enough.
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MEXICO’S CENTRAL BANK PROMISES NO MORE INTEREST RATE INCREASES
Meeting on 25 May, the governing board of Mexico’s central bank voted unanimously to hold its key interest rate at 11.25 percent, halting its fastest and steepest series of rate increases on record.
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TURKEY’S CENTRAL BANK DRAINS GOLD, FOREIGN RESERVES NEAR ELECTION
The Central Bank of the Republic of Turkey saw its foreign currency reserves dwindle by $9.5 billion from 1 April through 12 May and its gold stores shrink by $7.9 billion ahead of mid-May’s first-round presidential election, the Financial Times calculated from the bank’s data.
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CENTRAL BANKS’ INFLATION BUNGLE HAS COST THEM CREDIBILITY
Last week, the Bank of England Museum hosted a “Festival of Mistakes,” highlighting notable financial blunders and panics of the past.
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GLOBAL DEBT AND THE HUMAN BUBBLE
“The world’s central banks are responsible for creating a “market” for their product, “currency backed by nothing,” by fostering a population boom and consumers who are dependent on their product.” —GM
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AUSTRALIA’S CENTRAL BANK SURPRISES WITH QUARTER-POINT RATE HIKE
The Reserve Bank of Australia (RBA) raised its base interest rate a quarter point last week, only a month after it announced a pause in rate increases so it could assess the economic impact of its higher rates.
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