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Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and former chief economist of the IMF (2001-2003) recently surprised investors with his call towards BRICS- countries (Emerging Markets) to buy huge quantities of gold. ‘There has never been a compelling reason for emerging markets to buy into the rich-country case for completely demonetizing gold. Read the full article…
On his blog for the Brookings Institution, former Federal Reserve chief Ben Bernanke has written a series titled “What tools does the Fed have left?” The entries that Bernanke has penned so far discuss three weapons — negative interest rates, targeting longer-term interest rates, and helicopter money — that the central bank can still wield to hit Read the full article…
Jim Rickards had the privilege of spending time with Ben Bernanke, former chairman of the Federal Reserve System, in Seoul, South Korea recently, because both were keynote speakers at an international financial forum. According to Rickards Ben Bernanke was explicit that a financial reset is needed to end the dysfunction of the current system. I will quote Read the full article…
After China made public 57 countries would become founding members of the Asian Infrastructure Investment Bank (AIIB) the Wall Street Journal reported that the US ‘had lobbied hard against Chinese plans for a new infrastructure development bank […] including during teleconferences of the Group of Seven major industrial powers.’ The news that the UK would Read the full article…
The Mandarin version of The Big Reset will be published early May 2015 by Renmin University (Press), one of the most prestigious Chines universities and closely connected to the leading communist party. At first I was quite surprised to learn a Chinese leading university was willing to publish The Big Reset, while it’s thesis was Read the full article…