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‘Britcoin’ “Will Change Everything”, Analyst Warns
‘Britcoin’ “Will Change Everything”, Analyst Warns A Bank of England (BoE) digital pound will be a “complete restructure” of the current financial system and can give the government more control on how people use their money, a financial analyst warns. Some 130 countries are exploring a central bank digital currency (CBDC), according to the Atlantic Council. […]
Bank of England intervenes in bond markets again, warns of ‘material risk’ to UK financial stability
Bank of England intervenes in bond markets again, warns of ‘material risk’ to UK financial stability “Dysfunction in this market, and the prospect of self-reinforcing ‘fire sale’ dynamics pose a material risk to UK financial stability,” the Bank of England warned. The move marks the second expansion of the central bank’s extraordinary rescue package in […]
BoE’s New Support Plan Fails As UK Gilt Yields Explode Higher
BoE’s New Support Plan Fails As UK Gilt Yields Explode Higher Update (1030ET): Despite The BoE promises to do almost ‘whatever it takes’, long-dated gilt prices are collapsing today. 30Y gilt yields are up a stunning 34bps now, soaring towards crisis highs… What next for BoE? The pain in the UK is spreading to US yields (remember […]
Governments to Control What You Are Allowed to Buy
Governments to Control What You Are Allowed to Buy People are unaware that this drive of central banks to replace paper money with cryptocurrency is far more than they will ever comprehend as an end goal. Aside from the fact that governments could then impose a negative interest rate effectively confiscating money from your account […]
Bank of England Now 2nd Central Bank to Taper, After Canada, but Denies Tapering is “Tapering,” also Following Canada
Bank of England Now 2nd Central Bank to Taper, After Canada, but Denies Tapering is “Tapering,” also Following Canada The Big Taper starts one central bank at a time. But you gotta keep the markets from swooning with a bit of welcome delusion. The Bank of England’s Monetary Policy Committee (MPC) today announced that it voted unanimously […]
Dangers Of Programmable Money Explained
Dangers Of Programmable Money Explained Dominic Frisby with Money, Markets & Other Matters talks about the war on cash and central bank digital currency, known as CBDC. He questions if CBDCs are “the final step into the brave new world – Orwellian great reset dystopia – we seem to be heading towards” or are they “the onramp to the Bitcoin […]
BoE Keeps Policy Unchanged, Tells Banks To Start Preparing For Negative Rates “If Necessary” But Sees Spike In Inflation
BoE Keeps Policy Unchanged, Tells Banks To Start Preparing For Negative Rates “If Necessary” But Sees Spike In Inflation The Bank of England kept its stimulus program unchanged on Thursday. The BoE maintained its Bank Rate at 0.1% and left the size of its total asset purchase programme at 895 billion pounds in a unanimous decision, […]
What Horrified Fund Managers, Banks & UK’s Pension Minister Said About the Bank of England’s Sudden “We Don’t Rule Out” Negative Interest Rates
What Horrified Fund Managers, Banks & UK’s Pension Minister Said About the Bank of England’s Sudden “We Don’t Rule Out” Negative Interest Rates “The stimulus the country urgently needs is not experimental and dangerous monetary policy.” Andrew Bailey, the recently appointed governor of the Bank of England (BoE), is considering going where no other BoE […]
The Bank of England’s Governor Fears a Liquidity Trap
The Bank of England’s Governor Fears a Liquidity Trap The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the outgoing governor warned that central banks […]
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession The world’s top central bank officials are rightly concerned that politicians in rich economies missed one key lesson of the last recession: Interest rate cuts can help to moderate a downturn, but aggressive fiscal policy is key to a healthy recovery. It […]
Do Banks Require Savings to Accommodate Demand for Lending?
DO BANKS REQUIRE SAVINGS TO ACCOMMODATE DEMAND FOR LENDING? There is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion of money. This way of thinking is promoted these days by the followers of the post Keynesian school of economics (PK).[1] In a […]
Will the Bank of England join the loose money bandwagon?
Will the Bank of England join the loose money bandwagon? As the year of the 325th anniversary of the Bank of England’s foundation, and as the month of one of the Bank’s more important rate-setting decisions since 2008, September provides a congruous occasion on which to reflect on the history of the BoE and consider […]
In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency
In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency After Jerome Powell’s neutral-to-slightly-dovish-but-mostly-boring speech on Friday morning, investors could be forgiven for suspecting that this year’s Fed-sponsored gathering in Jackson Hole might be disappointingly dull (especially with all that’s going on in Trump’s twitter feed, the escalating trade war and escalating geopolitical […]
$1.6 Trillion Fund Spots A New, Ticking Time Bomb In The Market
$1.6 Trillion Fund Spots A New, Ticking Time Bomb In The Market First it was the shocking junk bond fiasco at Third Avenue which led to a premature end for the asset manager, then the three largest UK property funds suddenly froze over $12 billion in assets in the aftermath of the Brexit vote; two years later the Swiss […]
Markets are being Lulled into a False Sense of Accommodation
Markets are being Lulled into a False Sense of Accommodation Those who take an interest in the actions of central banks will know that the advent of Brexit and Donald Trump’s presidency has seen the direction of monetary policy gradually change in both the UK and the U.S. Since the EU referendum, the Bank of England […]
