Financial Survival Network
The Emperor Has No Gold - Basel 3 Hits European Banks on 1-1-22 #5155
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:34:48
- More information
Informações:
Synopsis
Alasdair Macleod writes, “Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging.” In other words the gig is up and the Emperor has no Gold. You heard it here first.