Gold Telegraph
@GoldTelegraph
The Czech Republic’s central bank aims to double its gold reserves to 100 metric tons within three years.
He says: “We need to reduce volatility; we need an asset with zero correlation to stocks, and that asset is gold.”
Gold is the foundation of the monetary system.
What do the 1930s and today represent in the United States? The net worth of the top 0.1% of the population is roughly equal to that of the bottom 90% combined. So, what happened in the 1930s?
Those dismissing the record pace of insider stock dumping overlook clear historical patterns. Meanwhile, central banks face massive unrealized losses, limiting their ability to print endlessly in the next major crisis. Now is the time for outside-the-box thinking.
To all the American readers and viewers, I would not be able to do what I love without you all.
Happy Thanksgiving. I hope it’s golden.
Buy now, pay later is surging in the United States. I warned about it years ago. Now, many people cling to it just to survive. This will end in tears. How this program is even allowed still baffles me.
BREAKING NEWS: AN EX-CHANCELLOR IN THE UK IS WARNING THAT A PLAN BY BRICS COUNTRIES TO CREATE A SEPARATE BANKING PAYMENTS SYSTEM COULD RENDER INTERNATIONAL SANCTIONS USELESS.
The world is catching up.
“Lord Lamont of Lerwick warned that a rival payments system would be a major threat to the Western-led financial system if it ever came to pass…”
Testifying before Congress as Fed chairman in 2015, Janet Yellen tersely informed the House Financial Services Committee “I don’t believe that the Fed should chain itself to any mechanical rule.” Unchained from rules—now that’s tyranny. – @judyshel
In my conversation with @judyshel, she shared a powerful story involving Janet Yellen, the current U.S. Treasury Secretary:
In a July 1996 Federal Reserve meeting, Janet Yellen argued for a 2% inflation target, citing a Keynesian perspective tied to “money illusion.”
She explained that giving workers a nominal 1% raise during 2% inflation effectively cuts real wages without them noticing. This perspective was met with laughter around the table. However, the laughter was clearly at the expense of regular Americans, whose purchasing power would be eroded.
In my conversation with @judyshel, she shared a powerful story involving Janet Yellen, the current U.S. Treasury Secretary:
In a July 1996 Federal Reserve meeting, Janet Yellen argued for a 2% inflation target, citing a Keynesian perspective tied to “money illusion.”
She… pic.twitter.com/Ut7R1SBFUA
— Gold Telegraph ⚡ (@GoldTelegraph_) November 28, 2024
