Showing posts with label central bank. Show all posts
Showing posts with label central bank. Show all posts

Tuesday, August 29, 2017

Total G-3 Central Bank Control

So let me get his straight.  Sell the VIX, buy the USD/JPY, and sell GLD.  Then Buy SPX.  Got it.

https://www.tfmetalsreport.com/blog/8530/total-g-3-central-bank-control

Thursday, January 22, 2015

Central bank prophet fears QE warfare pushing world financial system out of control

http://www.telegraph.co.uk/finance/economics/11358316/Central-bank-prophet-fears-QE-warfare-pushing-world-financial-system-out-of-control.html

“We are in a world that is dangerously unanchored,” said William White, the Swiss-based chairman of the OECD’s Review Committee. “We’re seeing true currency wars and everybody is doing it, and I have no idea where this is going to end.”

Thursday, July 3, 2014

India’s Central Bank Will Sell Gold on the Market in Exchange for Gold at the Bank of England

Here is my take:  as London runs out of physical gold, they have convinced the Indian central bank to store their physical inventory in London, in exchange for paper gold.  All in the name of monetary "flexibility" for India.

Sounds like a rotten deal for India:  give London real money in return for fake money.

http://libertyblitzkrieg.com/2014/07/02/indias-central-bank-will-sell-gold-on-the-market-in-exchange-for-gold-at-the-bank-of-england/


Thursday, October 3, 2013

Banca d'Italia says gold reserves key to cenbank independence

Wow, a central banker dispensing some truth serum while still in office.

http://www.reuters.com/article/2013/09/30/lbma-central-banks-idUSL6N0HQ16A20130930

In a keynote address to the London Bullion Market Association's annual conference, Salvatore Rossi, director general of the Italian central bank, told delegates that gold plays a special role in central banks' official reserves.

"Not only does it have the vital characteristic of allowing diversification, in particular when financial markets are highly integrated, in addition it is unique among assets in that it is not issued by any government or central bank, so its value cannot be influenced by political decisions or by the solvency of any institution," he said.

"These features, coupled with historic ... and psychological reasons, stand in favour of gold's importance as a component of central bank reserves," he said. "Gold underpins the independence of central banks in their ability to (act) as the ultimate bearer of domestic financial stability."