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。
Amazonで買物をしてContrarianJを応援しよう Supply and Demand in Comex Digital Gold by Sprott Money Thu, 07/04/2019 - 09:32 Supply and Demand in Comex Digital Gold Written by Craig Hemke, Sprott Money News A few years ago, we wrote the salient article on the subject of derivative supply and demand on Comex. Given the recent price breakout and sentiment change, it's likely a good idea to re-visit this topic today. 数年前のことだが、私どもはCOMXの派生商品の需給に関する注目記事を書いた。最近の価格ブレークアウトと心理変化もあり、この話題を再度今取り上げるのが良かろう。 The post from 2017 dealt with Comex silver and the original link is below. However, since it is extremely important that you understand this dynamic, I'm going to ask the folks at Sprott Money to reprint the post in its entirely at the bottom of this page. Please take the time to read and study this full article: 2017年の記事はCOMEXシルバーに関するもので、その時のリ...
The Message From The Jobs Report – The Economy Is Slowing Written by Lance Roberts | Apr, 8, 2019 Last week, the Bureau of Labor Statistics (BLS) published the March monthly “employment report” which showed an increase in employment of 196,000 jobs. As Mike Shedlock noted on Friday: 先週、BLSが3月の月例「雇用統計」を発表した、雇用が196,000増えたという。Mike Shedlockは金曜にこう書いた: “The change in total non-farm payroll employment for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. With these revisions, employment gains in January and February combined were 14,000 more than previously reported. After revisions, job gains have averaged 180,000 per month over the last 3 months. 「1月全非農業雇用は+311,000から+312,000に改定された、2月のデータは+20,000から+33,000に改定された。これらの改定で1月と2月を合算した雇用増は以前の報告よりも14,000多くなった。改定後でみると、雇用増は直近三ヶ月で平均180,000/月となる。 BLS Jobs Statistics at a Glance BLS 雇用統計概観 Nonfarm Payroll : +196,000 – Establishment Survey Emp...
「この記事が面白いと思うなら、 Amaz onで買物をしてContrarianJを応援しよう 」 September Class 8 Heavy Duty Truck Orders Collapse 71% by Tyler Durden Fri, 10/04/2019 - 13:10 Preliminary Class 8 order data for September is starting to trickle in and, like the data preceding it so far this year - it's ugly. クラス8トラック発注がことしのこれまでと同様にひどい。 Class 8 orders were crushed 71% in September, reaching 12,600 units, according to Baird and Morgan Stanley. 9月にクラス8トラック発注が71%下落し、12,600台となった、Baird and Morgan Stanleyのデータだ。 This follows a 79% plunge in August. 8月の79%下落に次ぐ悪さだ。 This makes September the 11th consecutive month of YOY order declines and the 9th consecutive month of orders below 20,000. この9月で11か月連続でYoY発注が下落している、また9か月連続で20,000台を下回った。 Class 8 orde...