China Ends Paper Gold Trading Hoping to Leverage Strong Physical Position to Reduce Volatility
A Chinese bank that’s the world’s largest measured by total assets informed its customers that on July 24th, buying…
Tag: Banking
Record Debt Levels are Everywhere – Auto Loans, Credit Cards, Public Finance, Private Credit
Debt of all kinds in the US is reaching levels that seem impossible to manage to any normal set…
Congress Seeks to Ban China from Key International Finance Orgs if Believed to Threaten Taiwan
The House recently passed a bill entitled the PROTECT Taiwan Act, which would, if signed into law, order the…
Kevin Hassett Poised for Next Fed Chairman, Raising Concerns of Independence and Interest Rates
In recent comments, President Trump said he had narrowed his shortlist for the next Federal Reserve Chairman “down to…
Europe Wants All the Profit with None of the Responsibility in Seizing Russian Assets
Senior Kremlin officials have applauded Belgium’s stance regarding the seizure of some €215 billion in frozen Russian assets held…
BRICS Summit 2023: Bloc Keen on Welcoming New Members—Who and How Remain Open Questions
Kicking off on Tuesday in Johannesburg, the 15th Annual BRICS Summit will hopefully put the answers to a lot…
Silicon Valley Bank CEO’s Testimony Highlights Major Problem-Realities in American Finance
Set for a grilling before Congress at 10:00 AM Eastern Time, a written testimony from Greg Becker, former CEO…
First Republic Bank Becomes Second-Largest Failed US Bank—and Other Economic News
VARESE, Italy. May 2nd, 2023. After Silicon Valley, Signature, and Silvergate banks failed and were seized by the US…
What Happens Now After the Bank Failures? Fed Between a Rock and a Hard Place
Whether they admit it or not, the US Federal Reserve has been left juggling priorities of whether to ensure…
Gold Will Buttress Attempts by BRICS Nations to Create New Reserve Currency
In June during the 14th annual BRICS summit, it was announced that the five economies would be seeking to…
New Global Payments Systems to Challenge the Dollar’s Future Dominance
PICTURED: Chinese President Xi Jinping, President Vladimir Putin, Brazilian President Jair Bolsonaro, Prime Minister Narendra Modi, and South African…