central bank

Central Bank Digital Currency

Is it Really Paranoid to Worry about a Central Bank Digital Currency?

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Recently there has been talk about the FED creating a Central Bank Digital Currency (CBDC). A CBDC is similar to a cryptocurrency, except that its value is set by the central bank and equivalent to the country’s fiat currency. Some countries like Venezuela have already tried a National Cryptocurrency in an effort to solve their inflation problem, but since the same guys are pulling the levers, it worked out about as well as you would expect.

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Central Bank Smackdown

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The opening riposte came from the Bank for International Settlements, the “bank for central banks.” In their annual report, released this week, they talked about “euphoric” financial markets that have become detached from reality. They clearly – clearly in central banker-speak, that is – fingered the culprit as the ultra-low monetary policies being pursued around the world. These are creating capital markets that are “extraordinarily buoyant.”

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Does Central-Bank Gold-Buying Signal the Top Is Near?

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Central-Bank Gold-Buying By Jeff Clark, Casey Research  Doug Casey told me in January, “The only thing that scares me is that central banks are buying a lot of gold; they’re historically contrary indicators.” When it comes to buying gold, central banks have such a poor timing record that they’re frequently joked about as a contrary

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