kingworldnews.com
On
a day when the Dow tumbled over 600 points and the NASDAQ plunged 5%,
it appears things are tough all over, plus a fascinating email about BIS
intervention in the gold market.
BIS Intervening In The Gold Market
September 8 (King World News) – Fascinating email from KWN reader Bill G: The
latest BIS financial statement, comparing August, 2020 to March 2020,
shows an approximate 23% increase in its gold and gold loans account
item (from $31 billion to $44 billion). That equates to the rise in its
balance sheet over the 5 month period, and the cost to the BIS of gold
price suppression. A similar check on IMF and the major central
reserve banks’ charge for this account item will probably reveal similar
gold price suppression indicators by, what I term, the central bank
cartel. It confirms further debasement of fiat currencies and points to
the cartel’s reluctance for a reset of the physical gold price. Behind
the cartel’s dilemma is their worst fear that, at any moment, the full
faith and credit in paper money will evaporate and the present financial
crisis will topple their system. All it takes is increased private
investor realization of the true state of things. That is now
happening…
Tough Times
Ian Bremmer: % of 18-to-29-year-olds in US living with a parent
1920 42%
1930 43%
1940 48%
1950 35%
1960 29%
1970 31%
1980 32%
1990 36%
2000 38%
2010 44%
2020 52% (this is too many)
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