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S W
Member since May 2012
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Broken Central Banks: 4 Quick Pix - Jim Willie CB - Hat Trick Letter

Typical interesting Willie article.
Somehow I just suspect that Fort Knox has enough gold to cover without having to lease.

Commented 2733 days ago

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Beginning of the headline :The Western central bank franchise system is totally broken, totally insolvent, and totally corrupt. It invites the Gold Standard return. The entire financial system is built upon a debt-based monetary system. The debt saturation process has run its full course. The central bank heads have been covering the sovereign debt for the last five years, having rendered their balance sheets as ruined. Debt is at obscene levels, like $19.7 trillion for the USGovt. No debt limits are in place anymore, a s... Read More

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