You are here
Alasdair Macleod: The futility of central bank policy
By Alasdair Macleod
GoldMoney, Toronto
Thursday, November 11, 2021
It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate.
There is no doubt that yesterday's announcement that the U.S. Consumer Price Index rose by 6.2%, compared with the longstanding 2% target, came as a wake-up call to markets.
Along with the other major central banks, the Fed's reaction is likely to be to double down on interest rate suppression to keep bond yields low and stock valuations intact. The alternative will lead to a major financial, economic and currency shock sooner rather than later.
... Dispatch continues below ...
... ADVERTISEMENT ...
Kinesis Partners with Panama-Based Atlas Vaults
Company Announcement
From Kinesis, London
Tuesday, October 26, 2021
Kinesis announces a partnership with Atlas Vaults and Atlas Brokers, expanding the global Kinesis Vaulting Network into Latin America.
By joining with the leading Panama-based vaulting provider, broker, and trading hub, Kinesis is introducing the Atlas Group's considerable client base to the Kinesis monetary system. The partnership is set to bring superior value and returns to Atlas Vaults and Kinesis clients as well as to people across South and Central America.
Central to the partnership, Kinesis is introducing the 13th storage facility for its global vaulting network, which now spans nine countries. ...
... For the remainder of the announcement:
https://kinesis.money/company-news/kinesis-partners-with-atlas-vaults/
This article introduces the reader to some of the basic fallacies behind state currencies. It explains the misconceptions policy planners have over interest rates, and how central banks have become contracyclical lenders, replacing commercial banking's credit creation for non-financial activities.
In effect, narrow money is being used by the major central banks in a vain attempt to shore up government finances and economic activity. The consequences for currency debasement are likely to be more immediate and profound than cyclical bank credit expansion. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/goldmoney-insights/the-futility-of-central-bank-policy?gmrefcode=gata
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
