Watching Gold and Blockchain as the Empires Rise and Fall
3 Minute Gold News getting from here to there - gold BIS is launching a new pilot: Rialto They speak like some entrepreneurs do. They talk up an idea as if it's already a done deal, but haven't finished research on viability, before declaring a certain victory that you should support (for the good of [...]
Carstens says models aren’t perfect. He says they’re “just a source of information”. “At the end of the day, monetary policymakers use their common sense and intuition.” No kidding. Carstens said that. Common sense and intuition. They don’t use data because their data and models are flawed.
Here it comes. Mechanical to digital. Like a lightbulb. Flipping the switch.
High inflation, lower growth and lots of geopolitical tension caused banks to fail last month. Those things are all still here. The whole banking system could crash if you ALL don’t do everything in our guidelines. It’s not our fault. - Basel Committee (paraphrased)
Elaine Diane Taylor 