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overtheedge
Member since May 2012
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The Fall in International Reserve Assets

- Hugo Salinas Price - Plata.com

Just thinking out loud, but what if you thought that some or all of the foreign reserves held at your central bank were suspect as to long term value?
Why would any sane person, corporation or country hang on to a declining asset?
Mightn't a shopping trip to buy tangibles in the country of origin be called for?
I would think tangibles in hand beat a fist full of IOUs aka government bonds and notes.

It is no longer a foreign reserve once it returns to the originating country.

Commented 3457 days ago

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Beginning of the headline :Something important has happened since August 15, this year. I have been following global central bank "international reserve assets" (excluding gold) as tallied by Bloomberg, for the past 18 years, and I have seen them increase steadily over the whole of that time. My source has been Doug Noland's "Credit Bubble Bulletin" at www.prudentbear.com. In September of last year, I wrote an article, "The Stalling Growth of International Reserves" published on my website, www.plata.com.mx Now the... Read More

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