Economist’s “News and Views” 11-4-2024

West Panic: China Takes Over mBridge, Saudi Oil For RMB Next, Gold Is Leaving London

Sean Foo:  11-4-2024

The Bank of International Settlements has officially dumped the Bridge project. This leaves China with near total control of the payments system opening up a ton of scary possibilities.

 Oil trade in the Yuan could be next.

 Meanwhile, central banks like India are escalating their gold repatriation. Here's what you must know.

Timestamps & Chapters:

0:00 West Dumps mBridge On China

 2:41 The Petroyuan Risk Escalates

 5:45 BRICS Giant Pulls Out Its London Gold

 6:54 Sponsor: Indigo Precious Metals

8:18 Central Banks Want Their Gold Back

9:31 mBridge Dump Will Hurt US Assets

12:00 Exit Dollars, Enter Gold

https://www.youtube.com/watch?v=yx7Ci-jZono

THE STOCK MARKET. We Have TWO MAJOR PROBLEMS. And Either One Can Cause A MELTDOWN.

Greg Mannarino:   11-4-2024

https://www.youtube.com/watch?v=Ww-MV-ahFLw

World's Most Powerful & Secretive Financial Institution: What It's Done & Planning Next – Adam LeBor

Kitco News:  11-4-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Adam LeBor, Author of 'Tower of Basel,' who dives into the history of the world's most influential and secretive financial institution.

The interview pulls back the curtain on the mysteries of the Bank for International Settlements (BIS) – the central bank of central banks. LeBor explains the BIS's controversial history from its inception to its role in global financial crises and its influence on modern banking regulations.

He also outlines the role gold plays. LeBor explains BIS's project mBridge, and its significance going forward, shedding light on the elusive bank's operations and the potential future shifts in the financial world.

00:00 Introduction: the BIS

04:38 History of the BIS & Its Role in Global Finance

09:42 The BIS's Headquarters & Immunities

 21:26 The BIS's Controversial Past

37:06 The London Gold Pool & Gold Manipulation

 42:17 The BIS & the Euro

45:24 Post-War European Economy & the BIS

 46:21 Formation of the European Central Bank

48:01 The Euro and National Sovereignty

 54:18 BIS's Role in Financial Crises

55:58 Gold and the Basel Accords

 57:27 Project mBridge & CBDCs

01:09:24 Concerns Over CBDCs & Financial Control

https://www.youtube.com/watch?v=bfivIBK9cm4

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