#YonhapInfomax #ShinHyunsong #MonetaryPolicy #FlexibleResponse #CentralBanking #PolicyStance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112890
Poland has more gold than the European Central Bank and has no intention of slowing down.
The National Bank of Poland has increased its bullion reserves to around 550 tonnes, valued at more than €63 billion.
The bank's ambitions are far-reaching: the target is to have 700 tonnes of gold and the total value of bullion reserves to be around PLN 400 billion (€94 billion).
Remarkable how the banking system is putting up much more of a fight than...well, any of our other institutions against Trump's bid for personal power. Anything goes...until it threatens what's *really* important: the money.
#thoughts #politics #finance #news #federalreserve #centralbanking #economy #markets #USpolitics #authoritarianism #banking
The Bank for International Settlements: Architect of Global Finance
Ever wondered about the "central bank of central banks"? The BIS in Switzerland quietly shapes global finance. From WWII secrets to modern crypto oversight, here's the full story. #BIS #GlobalFinance #CentralBanking
Architect of Global Finance: Learn all about the Bank for International Settlements (BIS) in Basel, Switzerland: its founding, key functions, controversies, and pivotal role in international banking and monetary stability.
In his war against the Bank of the U.S., President Jackson sought to break the power of the financial class and their empire of paper money. But in destroying the sole institution capable of reining in the profligacy of state banks, Jackson unshackled a chaotic and unregulated money system that would fuel economic instability for generations. Not until the twentieth century would the government again try to create a federal bank. #federalreserve #centralbanking #history
I entered a rabbit hole on the true mechanics behind inflation. It is insane to be honest. As Richard Cantillon already described centuries ago, **Inflation redistributes wealth in hidden ways [1]. **Inflation is basically a hidden taxation. Central banks create money out of thin air (just numbers in a computer) [4]. (Investment) Banks, large companies and state contractors get this money first.