You are here
Alasdair Macleod: The Great Unwind, II
By Alasdair Macleod
GoldMoney, Toronto
Thursday, November 3, 2022
With price inflation rising out of control and interest rates rising strongly, the trading environment for commercial banks has fundamentally changed. With bad debts looming and bond prices in entrenched downtrends, procrastination is now the enemy of bankers.
We are at the beginning of The Great Unwind, and this article elaborates on my first article for Goldmoney on the subject, published here:
https://www.goldmoney.com/research/banking-crisis-the-great-unwind?gmrefcode=gata
The imperative for bankers to respond to these conditions overrides all other matters if their businesses are to survive these changed conditions. We are entering a cyclical downdraft of the bank credit cycle that promises to be cataclysmic. And the monetary policy planners at the central banks can do nothing to stop it.
... Dispatch continues below ...
... ADVERTISEMENT ...
Reyna Gold Identifies Major Geophysical Anomalies
and More High-Grade Gold, Silver, and Copper
Company Announcement
November 1, 2022
Reyna Gold Corp. (TSXV: REYG, OTCQB: REYGF) announces more results from the ongoing district-scale exploration at its 24,215 hectare La Gloria Property in Sonora, Mexico.
Results are returning high-grade gold, silver and copper samples from multiple mineralized zones that align with geophysical anomalies, silica alterations, and structural controls on the property.
Details appear at the link below.
"We are using a geoscientific exploration approach that is continually working on the property," Reyna Gold CEO Michael Wood said. "We have identified a number of very large geophysical anomalies that tie in with large silica alternations that our initial drilling and geochemical sampling work show are coinciding with high-grade gold, silver, and copper mineralization.
"These anomalies are mainly covered and as a consequence have never been explored, presenting us with very large unexplored targets that we know are hosting mineralization from multiple orogenic and intrusive related events across an 80-square-kilometer area. It is very exciting to see our exploration approach continuing to uncover more and more mineralization on the property.” ...
... For the remainder of the announcement:
https://reynagold.com/read/PR-
After outlining the scale of the problems faced by each global systemically important bank, this article looks at the future for the $600 trillion derivatives mountain. It was born out of the long-term decline in interest rates from the mid-1980a, which ended last year. It is almost entirely distributed through banks and shadow banks.
The questions to address are: What is the future for the derivatives mountain now that the long-term trend for falling interest rates is over? And what are the economic consequences? ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/the-great-unwind-1?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:
