Displaying items by tag: gold

So what really happens in commercial banking? You might find it quite interesting...

Central Banks and their rounds of quantitative easing is something which is garnering more and more attention at the moment. The Central Banks defend their actions by arguing it will boost the economy, but we ask what it will do for the savers?
Central banking, its intellectual foundations and its most powerful agents today... what does it all mean? We take a good look at the Bernanke Fed and the cartel of central banks, and wonder whether we are being well lead by our financial captains. Read on to learn more and see how these issues are linked to the gold price.
Are the Move Your Money protests enough to make our banking system change? I don't think so - I think we need to be changing our money not where our money sits.

Central Banks & the Gold Price

Tuesday, 13 September 2011
Last week the Swiss National Bank suddenly announced that it was "no longer going to tolerate a EUR/CHF exchange rate below the minimum rate of CHF1.20." 
The Empire has bankrupted itself by assuming too many obligations which are impossible to fulfill.
The International Monetary Fund announced Monday the sale of 200 tonnes of gold worth 6.7 billion dollars to India's central bank to shore up IMF finances.

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