Federal Reserve Gold Buying May Soon Be the “Policy Option of Choice”
"... central banks around the world stunned pundits by purchasing roughly 650 tons of bullion in both 2018 and 2019."
"... central banks around the world stunned pundits by purchasing roughly 650 tons of bullion in both 2018 and 2019."
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"It’s simply giving up control over what you cannot and staying focused on what you can. It’s the humility to know that I don’t have the answers to the problems of the world but maybe the problems don’t exist as I think I see them."
“Tops are a process, and bottoms are an event”
Once private property is gone, public survival depends on the “charity” of the state and its corporate partners. Without property, dependency metastasizes like a cancer.
"The Fed will need to coordinate successfully with other major central banks, even as their objectives and priorities increasingly come into conflict."
“Global debt — both public and private — has reached an all-time high of $188 trillion. This amounts to about 230 percent of world output,” Georgieva said in a speech to open a two-day conference on debt.