Gold Telegraph
@GoldTelegraph
China was on a silver monetary standard until 1935, maintaining a direct relationship with silver for centuries
The country ended the silver standard just 89 years ago, a fact that many are unaware of within the broader context of history
Silver is known as the people’s money
BREAKING NEWS
SWISS FINANCIAL MARKET REGULATOR HAS ORDERED AN AUDIT INTO CREDIT SUISSE’S HANDLING OF EVENTS LEADING TO ITS DEMISE IN 2023
“Critics of the Credit Suisse takeover argue that Swiss authorities could have kept the bank going as a separate business…”
In 2008, the world watched in shock as major banks collapsed, believing it was a once-in-a-lifetime crisis.
Yet, in recent years, we have witnessed multiple major bank failures.
Somehow, the world has already forgotten.
This is what happens with information overload.
U.S. banks made a $1 trillion windfall during the Federal Reserve’s period of high interest rates by earning more on deposits held at the Fed while offering lower rates to many savers.
Here’s further evidence of who the Federal Reserve truly serves.
The system is fine, right?
Banking 101:
In times of economic distress, QE is used to buy assets, inject liquidity, and put a floor on instability.
In times of high inflation, banks profit from the gap between the Fed’s rates and the lower interest paid to savers.
