Tag Archives: SDR

China Finally Reveals Gold Holdings

After six years, China finally revealed its “total” gold hoard today in a statement issued by the PBOC (People’s Bank of China). The grand total? 1,658 metric tons, placing the country in 5th place worldwide. It’s an increase of more … Continue reading

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Bank of China (BoC) is First Chinese Bank to Join Gold Fix

The London Bullion Market Association has announced that the Bank of China has joined Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia, Societe Generale, and JP Morgan as the first Asian bank to participate in the new daily gold … Continue reading

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The War in Ukraine and the War in Syria Might be the Same War– has WW3 Already Begun?

It is possible that at the end of last year, World War III quietly broke out and hardly anyone noticed. For now, it seems to be contained in small pockets in Syria, Iraq, and Ukraine. More recently though, tensions have … Continue reading

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Soros sees risk of another world war

Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war Much depends on the health of the Chinese economy, Soros said in remarks at a Bretton Woods conference at the World Bank.

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Chase Bank is Preparing for Something Big

The largest bank in the U.S., JP Morgan Chase, has made two disturbing moves in recent weeks that should give many Americans significant cause for worry. It isn’t yet known what the reasons behind these moves are, but one thing … Continue reading

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The Coming SDR Gold Standard

JC Collins at the Philosophy of Metrics lays out how gold will likely be included in the newest incarnation of the IMF’s Special Drawing Rights Reserve Currency.

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Global De-Dollarization Continues as China Readies SWIFT Alternative

Reuters is reporting today that China’s International Payment System or CIPS is ready for use and could be launched as soon as September or October of this year. The system will be utilized as an alternative to the SWIFT payment system (Society … Continue reading

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Another Domino: Denmark’s Krone is Collapsing

Each day more pressure builds to end the euro. The Danish Krone is crumbling this morning after a statement made yesterday by the head of Denmark’s Economic Council, Hans Jorgen Whitta-Jacobsen. He said that the country would use “capital controls” if necessary … Continue reading

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