Because of the severe negative possibilities of the use of CBDC’s (digital currencies issued by central banks), I would like to have a slightly closer look at them. All is not negative and if I could trust the authorities managing them I would feel much happier. Sadly our current trustees of the system have done an abysmal job, hence we find ourselves in this awful time where there is a need for a new system.
The global political situation is in flux, the currency situation is tenuous and the financial markets are in turmoil.
They are not easy to navigate your way through, but it is certainly fascinating.
I think that the banking crisis is just in its infancy and no matter how many plasters are put on its injured carcass, they will not be able to hold its skeleton together.
As matters stand now it appears to be holding up and I am certain that furious negotiations are underway to try to underpin the entire system. Even Jamie Diamon of JPMorgan thinks ‘the banking crisis is not over’ and the mainstream media is prepared to report it which is surprising.
I am bullish on precious metals; the rest of the market, I am not so sure about except for certain sectors. In my opinion there are no free markets, there is manipulation in pursuit of total control. Humanity seems to have lost its sense of reality. When people in power
The global banking picture looks worse and worse. I believe that one way to save the depositors is to quasi nationalize the tier one big banks, with the government effectively doing this recently by backstopping (SVB) or forcing a sale (Credit Suisse) and wiping out the equity and debt holders, an option probably not afforded to the smaller tier two, three etc. banks as they are not systemically important enough. If these banks fold, it will be you and me that will sink with them.
The banking debacle I think is just the beginning of a series of events channeling us into the New World Order Central Bank Digital System. How far and what contagion there will be is still to unfold.
At this early stage we can only guess where this is going, but I believe that the banks felt that they were invincible and with zero reserve requirements and the understanding that the FED had their back that they could take advantage of the best long term rates in the treasuries market ignoring short term liquidity requirements of their clients.
I have a feeling that there is much more behind the scenes than what we are being led to believe.
“So much for blaming energy, climate change, carbon, or Ukraine or….. Ahh Putin!!!” We all know it all starts with printing huge amounts of currency to feed the political beast and its cohorts. Is Credit Suisse the proverbial canary in the coal mine? A run on the bank which has
Every day we appear to be moving closer and closer to Armageddon. The stupidity and inconceivable decisions and statements being made cannot be reconciled. The ratification by Hungary, of Finland and Sweden, to join NATO in the tense Russia Ukraine situation makes no sense other than to rub salt in
We are often asked if we are able to source small denomination coins on behalf of clients. Since early 2020, the supply of silver and gold smaller denomination coins has dried up or premiums have become outrageous. Our partner company is an authorized dealer for Goldback notes.
Small and medium businesses are being attacked on almost every level. From the costs of direct inputs, to the continually increasing creep of government control, compliance and reporting which requires more and more effort and staff in order to comply.
Gold and silver are being purchased in ever-increasing amounts by both governments and individuals, despite all the rhetoric and blockades against the transportation of the metals by individuals.
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