#Central Bank

[relaxedstyles]

It's getting real out there ...

[gook54-blog]

Hero of the Week: February 12, 2024: Dr. Joseph Mercola

“By debanking me, my CEO, CFO, their spouses and children, Chase Bank is giving people a foretaste of how central bank digital currencies (CBDCs) will be used to control the masses.” ~ Dr. Joseph Mercola

“… Because of his vast following and positions on health matters, Mercola has been faced with intense scrutiny and censorship, as well as, more recently, restrictions on his and his associates’ bank accounts. He is now pushing back on the threat of financial transaction control. We applaud him for continuing to highlight a wide range of important concerns…”

Full Report: https://home.solari.com/hero-of-the-week-february-12-2024-dr-joseph-mercola/

Subscribe to Solari | Follow @solarireport

[thefreethoughtprojectcom]

A bill filed in the Michigan House would take the first steps toward limiting the impact of any potential future central bank digital currency (CBDC) in the state.

Read More: https://thefreethoughtproject.com/money/michigan-bill-would-take-first-steps-against-a-cbdc

#TheFreeThoughtProject

[allthebrazilianpolitics]

Brazil’s Central Bank makes record dollar intervention in December

Last month, monetary authority sold $21.57bn in the spot market to counter a record $26.41bn outflow

The Central Bank of Brazil carried out its largest monthly intervention in the spot dollar market in December 2024, marking the most significant activity since the country adopted the floating exchange rate in 1999. The monetary authority sold $21.57 billion in the spot market last month, a record intervention driven by a historic dollar outflow of $26.41 billion, according to monthly currency flow data dating back to 1982.

“December is always a challenging month. However, the outflow in 2024 was significantly stronger, heavily concentrated in the financial account,” explained Sérgio Goldenstein, chief strategist at Warren Investimentos and former head of the Central Bank’s Open Market Department (DEMAB). “It made sense for the Central Bank to intervene in the spot market rather than through swaps because the pressure was concentrated precisely in the spot market, given the volume of physical dollar outflows.”

Until November, Brazil’s currency flow remained in positive territory, buoyed by strong commercial account results that more than compensated for financial outflows. However, this trend reversed sharply in December, a month typically marked by substantial dollar outflows for profit and dividend remittances. In October, Valor had already highlighted that financial account outflows were heading for a record high in 2024.

Over the year as a whole, Brazil posted a total net outflow of $18.01 billion. The commercial account contributed positively with an inflow of $69.2 billion, but this was outweighed by the financial account’s outflow of $87.21 billion.

Continue reading.

[tilbageidanmark]

North Korean money.

₩5,000 Won is worth about US$5.56.

[kramlabs]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” —Thomas Jefferson

[y0ur-maj3sty]

It's even deeper than this...

[pheonix1t23]

[noosphe-re]

[empirearchives]

Napoleon takes issue with the private character of the Bank of France:

“I should be the master in everything in which I am concerned and certainly regarding the Bank, which belongs more to the Emperor than to the stockholders, because it creates money.”

(2 April 1806)

“The Bank does not only belong to the shareholders, it also belongs to the State since it gives it the privilege of minting money... I want the Bank to be sufficiently in the hands of the Government… I'm not asking it to lend money, but to give facilities.”

(27 March 1806)

Source: Alain Plessis, La Banque de France

[kapitaali]

When money drives almost all activity on the planet, it’s essential that we understand it. The documentary 97% Owned aims to answer questions like: Where does the money come from? Who creates it? Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and finance break down?

97% Owned reveals how the creation of credit and the mystery that surrounds it. The documentary goes at the root of our current social and economic crisis. Referring to the 97% of the world’s money supply that is represented by credit, this thought-provoking film presents serious research and verifiable evidence on our economic and financial system. Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatized, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, 97% Owned demonstrates how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.

[hashtech]

Will European Central Banks Stockpile Bitcoin in 2025? Here’s What to Expect

You Can Read Full Article Now 👇

[allthebrazilianpolitics]

Brazil Central Bank Steps in Currency Markets Again Amid Selloff

Brazil’s central bank stepped into currency markets again on Tuesday as the real continues to weaken even after policymakers pledged to lift interest rates to eight-year highs.

The spot auction was the latest in a series of interventions from the bank as it tries to tame a recent spike in volatility that has weakened the real to record lows. 

The real jumped on the announcement, rising as much as 0.6% versus the dollar Tuesday morning in one of the best performances in emerging markets. Still, it remains among one of the world’s worst-performing major currencies, weakening about 20% this year.

Investors have grown increasingly skeptical of the government’s pledges to shore up public accounts and address the country’s debt trajectory. President Luiz Inacio Lula da Silva last month unveiled new income tax breaks alongside a plan to cut 70 billion reais ($11.5 billion) in spending, disappointing traders who saw it as the latest sign that the leftist leader remains more focused on boosting growth than bolstering Brazil’s fiscal outlook.

Continue reading.

[tilbageidanmark]

200 Danish krone from 1997.

[earlybirdsinvest]

Central Bank of India announces expert committee for ethical AI framework

The Reserve Bank of India (RBI) has announced the composition and scope of work of an expert committee on an ethical artificial intelligence (AI) framework. In December, the RBI announced plans to set up a committee to develop a framework for ethical implementation of AI in the financial sector. The committee is comprised of experts from a variety of fields and is tasked with recommending an…