Economic Outlook

[David Merrill]

I bet you can find some clues about Jubilee.


Board of Governors' Report.

[David Merrill]

We heard YELLEN sound off:


Economic Outlook 6/6/16

[marcel]

Good news. We are ahead of schedule. Recorded March 9th...

https://youtube.com/watch?v=JJ0XM8fufOQ

[David Merrill]

Good news. We are ahead of schedule. Recorded March 9th...

https://youtube.com/watch?v=JJ0XM8fufOQ

Like marrying The Big Short and Wag the Dog?

[marcel]

Heh, maybe. Incidentally, he mentions NSFR = Net Stable Funding Ratio
which requires large banks to maintain a minimum level of stable funding, relative to their assets, derivatives, and commitments.

Allocated gold, in tangible form, will essentially be classified as a zero-risk asset under the new rules, but unallocated or “paper” gold, which banks typically deal with the most, won’t — meaning banks holding paper gold must also hold extra reserves against it, said Brien Lundin, editor of Gold Newsletter. The new liquidity requirements aim to “prevent dealers and banks from simply saying they have the gold, or having more than one owner for the gold they have” on the balance sheet.

Here's another good one: https://mishtalk.com/economics/a-bri...-united-states

[David Merrill]

Heh, maybe. Incidentally, he mentions NSFR = Net Stable Funding Ratio
which requires large banks to maintain a minimum level of stable funding, relative to their assets, derivatives, and commitments.

Allocated gold, in tangible form, will essentially be classified as a zero-risk asset under the new rules, but unallocated or “paper” gold, which banks typically deal with the most, won’t — meaning banks holding paper gold must also hold extra reserves against it, said Brien Lundin, editor of Gold Newsletter. The new liquidity requirements aim to “prevent dealers and banks from simply saying they have the gold, or having more than one owner for the gold they have” on the balance sheet.

Here's another good one: https://mishtalk.com/economics/a-bri...-united-states

Great Find!

Thank you for pointing out that observation. In the light of the Amendments, this may be the harbinger of the "crash" -- dip back to $42.22/ounce. Or, the gold going back into the System. Look at page 4, first paragraph.

[marcel]

Remember, in a market crisis, collapse, or bankruptcy ... [they] will take your account, legally. You're merely an unsecured creditor.

https://rumble.com/v3krz2z-david-webb.html

www.thegreattaking.com

[marcel]

Has it begun?

https://halturnerradioshow.com/index...cusip-number-s

[marcel]

David Webb has just released a documentary...

https://rumble.com/v3yptkd-the-great...cumentary.html

[David Merrill]

David Webb has just released a documentary...

https://rumble.com/v3yptkd-the-great...cumentary.html

Thanks! I am enjoying that. Especially around the 58 Minute Mark about Solvency Wind-Down. I think maybe he would have mentioned USB last week if he had seen it in time.