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China’s Central Bank bans all cryptocurrency transactions

September 28, 2021 -

In a statement, the People's Bank of China announced a blanket ban on all cryptocurrency-related exchanges – such as offering trading, order matching, token issuance and derivatives. This ban also prevents any overseas-based cryptocurrency exchanges from providing services in mainland China.

"Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity," read the statement. Any resident ...

Euro bank chief admits central bank digital currency will be used to control populations

April 12, 2023 - central bank digital currency, Lagarde admitted that “there will be control, you’re right. You’re completely right,” but she went on to suggest it would be a “limited amount of control."

She added: "We are considering whether for very small amounts, anything that is around 300, 400 euros, we could have a mechanism where there is zero control. But that could be dangerous."

Lagarde pointed out, however, that small, anonymous transactions have been used to entirely ...

Saudi Central Bank caught secretly BUYING GOLD in Switzerland

September 18, 2024 - central banks often buy gold in Switzerland and London and have bullion banks pack and ship the gold to wherever the central banks want. To find out if SAMA shops for gold bars in the Swiss Alps, I have subtracted Saudi consumer demand from its net imports and compared the outcome – gold imported but not sold to consumers – to gross exports from Switzerland to Saudi Arabia. The result shows a strong match since Q2 2022, confirming SAMA has quietly been buying ...

Poll: Americans don’t want a central bank digital currency

June 12, 2023 -

(Article by Adam Dick republished from RonPaulInstitute.org)

This result of the poll conducted from February 27 through March 8 in collaboration with YouGov is promising for Americans concerned about the threat a CBDC, which the Federal Reserve and big financial companies have been testing in preparation for its potential introduction, poses to freedom and privacy in America.

The poll results further indicate that, if Americans can be educated about the abusive government ...

UK prepares to introduce central bank-backed digital pound

December 14, 2022 - central banks worldwide. Thus, it could suffer from the same inflation issues if the central bank decided to issue more of it – similar to printing cash. Moreover, there are also concerns about CBDCs being tied to a social credit score similar to the one used in China.Hunt, a figure from the time of former British Prime Minister David Cameron, is not the only official promoting the use of a digital pound sterling in the United Kingdom. His boss, incumbent ...

Poland’s central bank predicts double-digit inflation until 2024

November 21, 2022 -

According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will only begin by 2024, when the country's inflation is projected to decrease to 5.9 percent. The central bank's inflation target of 2.5 percent is only expected to be accomplished in 2025.

Figures from Statistics Poland (GUS) showed that inflation in the country hit 17.2 percent in September, and increased to 17.9 percent in October.

The ...

Zimbabwe central bank announces gold currency to combat inflation

July 08, 2022 -

(Article republished from GreatGameIndia.com)

The coins should be accessible through neighborhood banks and currency exchanges by the end of July, according to Governor of the Central Bank, John Mangudya. They will have one troy ounce of gold in them and be legal tender that can be exchanged for money both domestically and abroad. They are called Mosi-oa-Tunya after the Victoria Falls.

“The gold coins will be available for sale to the public in both local ...

Citi says apocalyptic hyperinflation is coming, Germany’s central bank agrees

August 25, 2022 - central bank, could raise interest rates to 6 or even 7 percent "should signs of more embedded inflation emerge," Nabarro says.

"The risks remain skewed to the upside," he added.

BOE recently predicted that inflation numbers will reach about 13 percent by the end of the year, while rate traders are expecting interest rates to top out at round 3.5 percent. Time will tell how accurate these numbers end up being.

England may also introduce a support package ...

Corrupt and failing cryptos birth bank runs and contagion in advance of US central bank digital currency

January 10, 2023 -

(Article by Stan Szymanski republished from EncouragingAngels.org)…’Genesis has spent the past several days seeking at least $1 billion in fresh capital, said the people, who asked not to be identified because discussions are private. That included talks over a potential investment from crypto exchange Binance, they said, but funding so far has failed to materialize.’…

And this is all after …’The crypto firm's lending arm, Genesis Global Capital, froze customer withdrawals ...

Argentina’s President-elect Javier Milei says central bank shutdown NON-NEGOTIABLE

November 30, 2023 -

Milei's office said in a statement posted on the X platform that the BCRA's closure was a "non-negotiable matter." The statement appeared to be a response to "false rumors," Reuters said. Aside from the remarks about the central bank, the statement also confirmed several appointments in Milei's cabinet.

Economist Osvaldo Giordano from the central Cordoba region will lead Argentina's National Social Security Administration, a key institution that could come ...

New Zealand’s central bank hikes interest rates by 75 basis points

November 29, 2022 - central bank is reacting to higher-than-anticipated inflation and near-record-low unemployment, which promotes the case for it to expedite the pace of tightening after five consecutive 50-point hikes.

In contrast, both Australia and Canada have delayed their rate hikes as global recession looms. (Related: Australia's central bank may aggressively increase interest rates as inflation hits 32-year high)

"The committee agreed that the OCR needs to ...

“Cash free” central bank digital currency roll out coming in December?

August 17, 2022 -

(Article by Mac Slavo republished from SHTFPlan.com)

Executive Order 14067 signed by Joe Biden gives the ruling class the power to create CBDCs, distribute them at will, take them from you when they want, and just shut it off if you do something they don’t like.

Famous Author of the book Rich Dad, Poor Dad, Robert Kiyosaki has called this executive order “communism in its purest form,” encouraging Americans to “stay awake.”

But this is beyond communism. ...

China’s central bank calls on top executives to reinforce crypto ban

June 23, 2021 -

A statement from the People's Bank of China (PBOC), released Monday, June 21, said that representatives from the Industrial and Commercial Bank of China Ltd., Agricultural Bank of China and internet payment provider Alipay were summoned to a meeting where they were reminded of rules preventing Chinese banks from engaging in cryptocurrency-related transactions.

According to the statement, the inquiry was focused on services provided to assist speculative trades in virtual ...

SWIFT joint venture with China’s Central Bank to internationalize digital yuan

February 19, 2021 - central bank digital currency to be expanded into several metropolitan areas. This expansion, which included the Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region, was the inevitable culmination of a process that started back in 2014.

Then, in October People's Bank of China published a draft law that sought to give legal status to the Digital Currency Electronic Payment (DCEP) system. As part of this, the ...

Cyprus MPs vote down government raid on private bank accounts in defiance against IMF and EU central bank

a long time ago - Cyprus MPs vote down government raid on private bank accounts in defiance against IMF and EU central bank

Financial terrorism

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France faces economic “suffocation” as debt crisis deepens, warns central bank chief

October 28, 2025 - central bank chief also warned that France's debt burden risks being passed to future generations.

With bond markets reacting nervously to France's fiscal uncertainty, borrowing costs have surged compared to European peers. Villeroy de Galhau urged policymakers to focus on spending cuts rather than tax hikes, warning that excessive taxation could further dampen economic activity.

"We need to avoid targeting the middle class or entrepreneurs – that's really ...

Poland’s central bank to increase its share of GOLD reserves to 20%

February 14, 2024 - central bank's gold reserves amounted to a little over 21.72 billion euros ($23.24 billion) at the end of January, a slight increase over December's figure of 21.53 billion euros ($23.04 billion).

According to Glapinski, gold reserves are an important factor in the way an economy is perceived by both rating agencies and trading partners. (Related: Central banks will keep gobbling gold in 2024.)

"We are solvent and trustworthy even in the most difficult ...

Aussie central bank goes BUST, declaring wiped-out reserves and bond losses

September 29, 2022 -

The Land Down Under's central bank revealed its wiped-out equity, thanks to bond purchases driven by the Wuhan coronavirus (COVID-19) pandemic. These purchases sought to support economic activity during the lockdown periods.

During a Sept. 21 speech in Sydney, RBA Deputy Governor Michelle Bullock revealed that the central bank's moves caused an accounting loss of 36.7 billion Australian dollars ($23.49 billion). This RBA with negative equity amounting ...

Central Bank Digital Currencies are the bullet train to digital concentration camps

September 26, 2022 -

(Article by KanekoaTheGreat republished from Kanekoa.Substack.com)

Agencies that were chosen to lead the ongoing working group for the research and possible development of a CBDC include the Federal Reserve, the National Economic Council, the National Security Council, the Office of Science and Technology Policy, and the Treasury Department.

CBDCs are digital currency issued directly from a nation-state’s central bank and serve as legal tender.

Critically, ...