Banking

Believe it or not, the keynote speaker at the recent International Economic Symposium was none other than the straight talking Gustavo Laframboise-Pierre, Global Director of Statistical Creation at the European Central Bank. What he had to say goes a long way in explaining how the word ‘truth’ has become nothing more than a hollow collection of 5 letters with no meaning.

Interesting things have certainly been happening in the underpinnings of global markets — things that either run counter to long-standing financial logic, or represent an unusual dislocation in the “normal” state of market affairs, or were once rare occurrences but have been happening with increasing frequency. Here’s a rundown.

The US Federal Reserve has been increasingly hinting that it would raise its policy rate at its next meeting, which is scheduled for December but their communications have been sloppy, erratic and contradictory. To get a sense of where the Fed might go a closer look at some of the key underlying economic forces, however, it is clear that there are 5 key reasons that the Fed is unlikely to raise rates anytime soon.

A video about how we arrived at this moment of poorly funded public services and widening economic inequality.

Governments all over the world are putting restrictions in place on the use of cash - for your safety, of course - but what is the true aim of the War on Cash?

I see no way the Fed can raise interest rates this year, I think the earliest rate increase is probably the end of 2016. I expect the Fed’s next step will be easing, not tightening – which of course is very bullish for gold!

While both Bitcoin and E-money harness the power of the web and mobile, they are still very different. See the infographic below for more information.

Believe it or not, what follows is supposedly the transcript of a recent speech by the outspoken Gustavo Laframboise-Pierre, Global Director of Statistical Creation at the European Central Bank, to the Federal Reserve Bank of Kansas City’s “Economic Symposium”. It provides considerable inside insight into what is going to unfold regarding interest rates.

With European demographics getting more challenging by the year the eurozone, problems don’t seem to be going away for the euro. Will the shrinking euro be able to revert its course, or is Europe doomed to become the next Japan?

Full implementation may take a few years but, as CIPS gains strength, its use will spread outward...[and] the more it spreads, the greater the Chinese influence over such entities as the IMF.