Economists Views on Gold, Central Banks and the coming "Crash" 8-8-2021
Global Central Bank Rift Grows: Gold vs US dollar
Miles Harris: Aug 5, 2021
f course Central Banks work together towards fulfilling their role of ever greater control but their remains a high degree of competition between their endeavours and it is clear now that Central Bank policy differs widely around the world due to the vested interests involved.
The Washington consensus really appears to be giving way towards a new global consensus that places a key value upon a nations own self determination as opposed to that determined by outside interests.
This is keenly reflected by the differing attitudes towards gold among global central banks. With the likes of the ECB marking gold to market they have a clear interest in ensuring a healthy gold price is maintained.
This is juxtaposed by the likes of Canada, with no gold reserves, and the Fed with a fixed gold price of $42.22 per oz.
Jim Rickards …40% CRASH Coming! THE SYSTEM IS GOING DOWN GET OUT - And Return To Gold
Silver and Gold Predictions: Premiered Aug 1, 2021
June Trade Deficit Sets New Record of $75 7 Billion
The Nomad Economist: Premiered 119 minutes ago
The US Trade Balance shows the deficit and surplus of US trade for Imports and Exports. A deficit occurs when imports are greater than exports.
When the Trade Balance is in deficit (which it has been for decades), it accounts for one of the two components of the Twin Deficits.
The Fiscal Deficit accounts for the other component and was reviewed