Watching Gold, Bitcoin, XRP and crypto as the Empires Rise and Fall
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)
"The U.S. dollar is being attacked from all sides as people are looking for substitute payment currencies. That move away from the U.S. dollar as a payment currency is a threat, but the bigger threat is whether or not there’s a substitute reserve currency. In the short run, the answer is no. So, if those countries want to get out of the U.S. dollar as a reserve currency, the only good alternative is gold." - Jim Rickards
Elaine Diane Taylor 