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War on Cash: India Rolling Out Retail Pilot Program for Digital Rupee

War on Cash: India Rolling Out Retail Pilot Program for Digital Rupee NOVEMBER 23, 2022  BY SCHIFFGOLD   0   1 We recently reported that the Federal Reserve plans to launch a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The US isn’t alone in experimenting with digital […]

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India Central Bank Intervenes As Rupee Crashes To Record Low

India Central Bank Intervenes As Rupee Crashes To Record Low Just weeks after Urjit Patel, Governor of the Reserve Bank of India, wrote an op-ed in the FT warning that should the US maintain its current pace of monetary policy tightening, it could have serious repercussions for the global economy, it is… It was the […]

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Central Banker Observes Sudden “Evaporation” Of Dollar Funding, Warns Of Global Turmoil

Central Banker Observes Sudden “Evaporation” Of Dollar Funding, Warns Of Global Turmoil Last October, just as the Fed started shrinking its balance sheet, we published yet another article on what is arguably the biggest threat to not only risk assets, but also the global economy: “The Dollar Funding Shortage: It Never Went Away And It’s […]

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Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: “We Are Fearing The Worst”

Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: “We Are Fearing The Worst” India’s demonetization campaign is not going as expected. Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic […]

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Is This The Start Of India’s Gold Confiscation

Is This The Start Of India’s Gold Confiscation On April 5, 1933, FDR signed Executive order 6102 which made illegal “the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States” in the process criminalizing the possession of monetary gold by any individual or corporation. This was de facto gold confiscation; […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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