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Where Do New Dollars Come From
https://www.fairobserver.com/world-news/us-news/where-do-new-dollars-come-from/
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Money, Matter, Anti-Matter
You cannot create money (in our current fiat monetary system) without simultaneously creating the same amount of debt. That is a hard thing to understand. Yet it is the key to understanding our monetary system. Most people immediately say “Well, the central bank just prints the money – where is the debt?” Yes, central banks…
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Thoughts on Digital Currencies: Are Liability-free CBDC possible?
I recently attended the #CBDC #CentralBank #Digital #Currency Summit in Washington, DC in collaboration with the #IMF and George Washington University. Here are my thoughts. According to John Kiff, former Senior Financial Sector Expert at the IMF, retail CBDC are currently being explored in more than 90 jurisdictions: Source: John Kiff (www.Kiffmeister.com) Central Banks are spending a lot of effort on exploring…
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Physical Demand for Gold is Strong
In September, #Switzerland exported 174 tonnes of #gold , an increase of 48% compared to a year ago. Exports by destination: 1. #China 44t (22t in Sept’21) 2. #India 35 (50) 3. #Turkey 32 (0) 4. #Thailand 13 (4) 5. #Emirates 11 (2) 6. #Singapore 9 (5) 7. #SaudiArabia 7 (1) Turkey had its strongest month since at least 2013. In general, physical gold is flowing from west to east. On the import…
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What’s Up With Gold?
While the #gold price is languishing around $1,650 per ounce (-10% so far in 2022), interesting things happened in Q3 in regards to physical demand. But first, a quick look at where the gold price gets determined and where it is being traded. Gold futures, the most liquid gold-linked instrument, trade at the COMEX (Commodity Exchange) in…
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The Little Bank That Lost 17% of GDP
It’s true. The #Swiss National Bank (SNB) lost CHF 141 billion in the first 9 months of 2022. This equals to 17% of Swiss GDP (around CHF 800 billion): How could this happen? Around half of losses (CHF 70 billion) came from fixed income securities (as global bond prices fell). CHF 54 billion were losses in equities,…
Category: Central Banks
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