Socio-Economics History Blog

Socio-Economics & History Commentary

THE CRISIS SET UP: At Your Expense by Lynette Zang

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    As regulations were being rolled back, six banks were told what they needed to do to pass the 2018 Stress Tests, and it only involved how much they could payout shareholders. Consequently, thirty-four out of thirty-five banks passed. Let the Payouts begin. Once that money has left the bank and transferred out to individuals and is no longer available for use during the next crisis. But YOUR wealth held intangibly, is. For the first quarter of 2018 global Central Banks increased their gold holdings by a whopping 42% YOY, the highest first quarter gold purchases since 2014, as the great recession continued to unfold. Could this surge in central bank gold buying telling us that the next crisis is right around the corner? Wouldn’t it make sense to follow their lead?

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July 12, 2018 - Posted by | Economics | , , , , , , , , , , , ,

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