It's not just "tinfoil blogs" who (for the past 11 years)
have been warning that a monetary reset is inevitable and the only
viable fallback option once trust and faith in fiat is lost, is a gold
standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too.
An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that "if the entire system collapses, the gold stock provides a collateral to start over." De Nederlandshce Bank(DNB)もしくはDutch Central Bankの論文によると、彼らの主張が多くの人にショックを与えた「もし全金融システムが崩壊すると、ゴールド備蓄がシステム再起動の担保となる。」というものだ。
While gloomy predictions of a monetary reset are hardly new, they have
traditionally been relegated to the fringe of mainstream financial
thought - after all, as Mario Draghi stated on several occasions in
recent years, the mere contemplation of a "doomsday scenario" is enough
to create the self-fulfilling prophecy which materializes it. As such,
it is stunning to see a mainstream financial institution open up about
the superior value of limited supply, non-fiat, sound money assets.
It is also hypocritical given the diametrically opposed Keynesian
practices regularly engaged in by central banks and official
institutions worldwide: after all, just a few months back, the IMF published a paper bashing Germany's adoption of the gold standard in the 1870s as the catalyst for instability in the global monetary system.
Fast forward to today, when the Dutch Central Bank is admitting not
only did gold not destabilize the monetary system, but it will be its
only savior when everything crashes.
"If things go wrong, prices may fall. But, crisis or not, a gold bar
always holds value." This makes it the opposite of "shares, bonds and
other securities" all of which have inherent risk.
Photo of gold bars from the DNB's article "Goud van DNB."
According to the IMF's latest data, the DNB holds 615 tons (15,000
bars) of gold mainly in Amsterdam, with other stores in the U.K. and
North America; the value of this gold reserve is over €6 billion ($6.62
billion). Calling gold the “trust anchor,” the article details briefly
why the hard asset is so important to wealth building and the global
economy, claiming: "Gold is... the trust anchor for the
financial system. If the whole system collapses, the gold stock provides
a collateral to start over. Gold gives confidence in the power of the
central bank's balance sheet."
Why this sudden admission of what goldbugs have been saying for
years? Perhaps it has to do with the fact that on October 7, the bank announced it would soon be moving a large part of its gold reserves to "the new DNB Cash Center at military premises in Zeist."
Almost as if the Netherlands is preparing for the grand
reset, and is moving its most valuable asset to a "military"
installation just for that purpose.
それはまるでオランダが the grand reset に備えているかのようだ、そして最も価値のある資産を「軍隊」監督下に移動している。
As bitcoin.com tongue-in-cheek points out, "DNB is no stranger to
playing along with the Keynesian, inflationary games of the global
monetary system. A system which, according to some, is now more a Ponzi scheme based on force and blind faith than sound economic principle. That
notwithstanding, the centralized financial powers of the world know the
real score, and that’s why hard assets like gold are hoarded and locked
down while everyday, individual residents of these geopolitical
jurisdictions are encouraged to spend and spend, going further into debt
to prop up ultimately unsound national economies."
It is hardly a coincidence that in its preparation for monetary
doomsday, the Dutsch Central Bank is also set to begin cracking down on
crypto exchanges and wallets, stating that "firms offering services for
the exchange between cryptos and regular money, and crypto wallet
providers must register with De Nederlandsche Bank."
While the push for greater KYC/AML transparency is a growing global
trend, and is hardly surprising in a world in which trillions in assets
reside in "tax-evading" offshore jurisdiction, the remarkable aspect of
this latest crackdown against crypto - which many see as a modern, more
efficient form of "gold" - is the fact that invasive regulations and
restrictions by central banks can be seen as yet another means of
stockpiling precious assets. This time, not gold bars, but bitcoin and
crypto.
As for the timing of the "great monetary reset", which other central
banks have already quietly hinted at themselves amid massive
repatriation of physical gold from the New York Fed to various European
central banks such as Germany and Austria, we are confident
that the trust-keepers of the current establishment - such as other
central banks and the IMF - will be kind enough to provide ample advance
notice to the citizens of the "developed" world to exchange their fiat
into hard assets. Or, then again, perhaps not.
「great monetary reset」と期を同じくして、他国中央銀行もすでに密かに自国金塊をNew York Fedから幾つかの欧州各国の中央銀行に回帰させている、たとえばドイツとかオーストラリアだ、ZeroHedgeはこう確信している、他国中央銀行やIMFのような既存のイスタブリッシュ達のtrust-keeper は「先進国」の市民に対して管理通貨をハードアセットに交換するように知らしめるだろう。まあ、いつもの繰り返しだが、そうではないかもしれない。
C&I Loans Enter The Danger Zone by Tyler Durden Thu, 03/14/2019 - 15:55 Authored by Jesse Colombo via RealInvestmentAdvice.com, Commercial and industrial (C&I) loan activity is watched closely by economists to gauge the strength of the economy and estimate where we are in the business cycle. C&I loans are used to finance capital expenditures or increase the borrower’s working capital. The C&I loan cycle often takes up to a couple of years to turn positive after a recession, but provides even more confirmation that an economic expansion is underway. For example, the U.S. Great Recession officially ended in June 2009, but the C&I loan cycle didn’t turn positive until late-2010. C&I loans also help to wa...
Mish: Gold Hits New Record High And There's More To Come by Tyler Durden Mon, 07/27/2020 - 10:10 Twitter Facebook Reddit Email Print Authored by Mike Shedlock via MishTalk, Gold futures just touched $1928 taking out the Intraday high of $1923.70 in 2011. ゴールド先物が$1928になり、2011年の日中高値$1923.70を超えた。 11-Week Run 11週連続上昇 Gold is on a huge 11-week run. The last time gold did that was at the 2011 high. ゴールドはなんと11週連続で上昇だ。前回の新高値は2011年のことだった。 Is a pullback in order? A Gold COT chart says otherwise. 通常の引き戻しが待ち構えているだろうか? ゴールドのCoTチャートを見るとそうでもなさそうだ。 Gold COT Chart ゴールドCoTチャート Understanding Futures 先物市場を読み解く In the futures world there is a short for every long. 先物市場ではどのロングにもショートが対応している。 The first horizontal box has Large Specs, Small Specs, and Commercials. This is It's Old COT reporting. この図の下部、最初の横長い箱に示すのは Large Specs、Small Specs、そしてCommercialsのポジションだ。このチャートは従来からのCoT...