It’s been 10 years after the Lehman Brothers collapse and the onset of the largest global financial crisis since the great depression. Guildhall looks at how central banks are positioned for the next crisis, how far away is the next crisis, and what will be the cause.
Central banks lowered interest rates and the 1% got first dibs to the cheap money. Banks got bigger, corporations borrow cheap money and bought back their own stocks (read bigger bonuses for ) and the 1% got wealthier. The middle class had to take risks (real estate, crypto currencies, and stocks), to achieve a return and survived on using credit or home equity.
Gordon Brown, former Prime Minister and Finance Minister of England told The Guardian that “The World Is Sleepwalking Into A Financial Crisis”: Former UK PM Gordon Brown <https://www.zerohedge.com/news/2018-09-13/world-sleepwalking-financial-crisis-warns-former-uk-pm-gordon-brown
“The World Is Sleepwalking Into A Financial Crisis”: Former UK PM Gordon…
“It is very difficult to say what will trigger it [the next crisis] but we are at the latter end of the economic…
Precious metals have become the least risky investment at present while historically being the best way to hedge against inflation.
Central banks continue to acquire gold to hedge the US dollar which is losing global credibility and is in danger of falling precipitously in value. By owning gold the central banks can protect national sovereignty.
Guildhall has experienced the largest gold sales this past week and the U.S. Mint is close to selling 2 million ounces of silver this month. Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply – SRSrocco Report <https://srsroccoreport.com/silver-eagle-sales-surge-in-september-as-u-s-mint-resumes-supply/>
