Om volledig te zijn, er was nog iemand die al eerder op Twitter opmerkte dat de recentste officiële Amerikaanse werkloosheidcijfers vals waren. ‘May sees biggest jobs INCREASE ever of 2.5 million as economy starts to recover from coronavirus’, kopte cnbc.com op 5 juni 2020. Eenzelfde bericht werd door zowat heel de MSM overgenomen. De financiële markten riepen in koor Hosanna! Zoveel jobs erbij, de Amerikaanse economie herstelt! Niet dus. Close but no cigar.
Lees verder op Biflatie.nlSilver is accelerating its move higher as it plays catch-up with gold due to INCREASEd trade uncertainty, Brexit and global growth worries, factors that are all pushing precious metals higher, according to analysts.
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Lees verder op KitcoChina wants a ‘gradual INCREASE in world-wide use of the IMF’s SDR’ and use both the U.S. dollar and the SDR’s to report the country’s reserves of foreign currencies. China will also consider issuing bonds denominated in SDR, People’s Bank of China Governor Zhou Xiaochuan explained in a transcript published on the PBoC’s website, according to the WSJ.
China wants a ‘gradual INCREASE in world-wide use of the IMF’s SDR’ and use both the U.S. dollar and the SDR’s to report the country’s reserves of foreign currencies. China will also consider issuing bonds denominated in SDR, People’s Bank of China Governor Zhou Xiaochuan explained in a transcript published on the PBoC’s website, according to the WSJ.
His remarks were made at a special meeting, named “Nanjing II,” held in France, March 31. A similar conference was held in Nanjing on the same date in 2011.
German Finance Minister Wolfgang Schaeuble and U.K. Chancellor of the Exchequer George Osborne, together with IMF Managing Director Christine Lagarde discussed the world’s financial architecture together with China, without any senior US official present. According to Bloomberg the event gave China an opportunity to argue ‘the global monetary system is too reliant on the dollar’, an idea China has been pushing since the 2008 global financial crisis.
Bloomberg reported:
Lees verder op The BIG RESETFrom the 1960s, there was a widespread concern of the sustainability of the Bretton Woods system of using national currencies as reserve assets. This was most closely associated with the Triffin dilemma, witch predicted a loss of confidence in the gold value of the US dollar as the value of liquid claims on the United States in the form of dollar foreign exchange reserves INCREASEd. Triffin argued for the need to choose the rate of global reserve growth collectively rather than allow it to be a by-product of national decisions.
The SDR substitution account allowed Central Banks to diversify there existing dollar reserves in a one-time conversion away from the dollar into IMF’s SDR, comprised of the US dollar, European euro, Japanese yen and Britisch pound, in an off-market transaction, so as not to depress the dollar’s exchange rate. This was the core idea of the SDR substitution account. By public introduction careful terminology avoided the label of reserve asset and suggested that the SDR was designed to add to rather than replace existing (dollar) reserves.
Lees verder op Beurs.comBack in March, at a time when the IMF reported that Ukraine's official gold holdings as of the end of February, so just as the State Department-facilitated coup against former president Victor Yanukovich was concluding, amounted to 42.3 tonnes or 8% of reserves...
Back in March, at a time when the IMF reported that Ukraine's official gold holdings as of the end of February, so just as the State Department-facilitated coup against former president Victor Yanukovich was concluding, amounted to 42.3 tonnes or 8% of reserves...
... and notably under the previous "hated" president, Ukraine gold's reserves had constantly INCREASEd hitting a record high just before the presidential coup...
... we reported of a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, "in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US." To wit:
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