Watching Gold and Blockchain as the Empires Rise and Fall
They're in a pickle of their own fermenting. The BIS is freaking out over being accused of creating the very thing that is used to overthrow the current system that they, the BIS, rules over. Which they did, but it would have happened anyway. Bureaucracy cannot do vision. It couldn't foresee this.
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.
"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
3 Min. Gold News Thinking of the future. Of changes. Of safely getting from here to there. An interview synopsis of Jim Rickards, New York Times bestselling author of The New Case for Gold, The Death of Money, Currency Wars, The Road to Ruin, Aftermath and The New Great Depression, with Charles Payne on Fox Business. [...]
Elaine Diane Taylor 