Economist Thoughts on Basel 3, Gold and Public Debt Sunday 6-6-2021
Five Reasons for Gold Treatment Under Basel 3 Regulations
Miles Harris: Jun 5, 2021
This video considers five key reasons for BASEL 3 NSFR requirements.
Ultimately, the financial system is broken. Central Banks balance sheets have exploded and risks continue to grow.
0:00 Intro
0:21 Basel Banking Regulations & their Importance
1:32 Deleverage Risk
2:44 Potential for gradual gold revaluation
3:11 Rift between Central Banks
4:10 Global Rebalancing towards the east
5:29 Disincentive to hold gold
5:55 Conclusions.
The Abuse of Public Debt and How it Sets the Stage for Economic Disaster
The Survival Economist: June 5, 2021
The 2020–21 recession has been devastating for the global economy.
It has been ninety years since the global economy last suffered through a recession of this magnitude (in the Great Depression).
Nonetheless, it seems that the social effects of the current recession have not yet come about.
The reason for this disparity between cold macroeconomic data and popular sentiment can be found in the enormous public spending by practically all of the countries in the world.