Signs Swirl All Around Us - The Monetary Reset Is At Hand
Central banks have begun buying gold, they take up about 16% of demand. No the BIS has been in the gold trading business with central banks for nine years.
When did central banks become aware of the risks? The zero interest rate policy was a clue, and the high seigniorage rates in the USA were the other clue.
The last significant memory of monetary reset was the Nixon Shock. But a few of the central bankers must be aware the the Nixon Shock was simply the latest monetary reset in a repeatable pattern. So they are preparing for the Brenton Woods type of monetary reset, a collective default engineered by central bankers.
What if bankers get a clue? Especially in the USA, it takes a real clue to default with the Constitution arranged against it. Without a clue a monetary reset just jams the courts and halt the economy. We have a race, central bankers are in a contest to see which banker gets a clue first.
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