PeaceSign Posted July 16, 2020 Report Share Posted July 16, 2020 I feel like this is gold. Helps explain things for those who like the big picture. So you know how we were worried about QE to Infinity?! 2 1 Quote Link to comment Share on other sites More sharing options...
bigwave Posted July 18, 2020 Report Share Posted July 18, 2020 Must of been a good one: 1 Quote Link to comment Share on other sites More sharing options...
PeaceSign Posted July 18, 2020 Author Report Share Posted July 18, 2020 2 hours ago, bigwave said: Must of been a good one: It was talking about "dollar swap lines"... the gist went something like this... There are over 100 central banks (forgot the exact number) 15 out of those 100 have a revolving door with the fed (japan, new zealand, australia, uk, canada, mexico, hong kong and some others...china wasnt on there!...iraq wasnt on there either) these 15 have priviledge and so when you hear the ECB Is printing money it actually means the fed gave the ECB money and it went on to talk about how the loans are rolled over and never paid back...so next time you here Canada printing money (insert the Fed instead) and i believe the guy he was talking to was from katusa capital...a guy who has visited all the worlds mines and has rubbed shoulders with all sorts...he had interesting things to say about goldminers in other countries and basically saying ro watch out on where you put your money in particular mining operations... I didnt know that these swap lines existed...so in my opinion i know where to find the american allies...Those 15 countries with dollar swap lines! 1 2 Quote Link to comment Share on other sites More sharing options...
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