GATA

BIS urges decisive wave of interest rate increases to halt inflation

Section: Daily Dispatches

By Mac Jones
Reuters
Sunday, June 26, 2022

LONDON -- The central bank umbrella body, the Bank for International Settlements, has called for interest rates to be raised "quickly and decisively" to prevent the surge in inflation turning into something even more problematic.

The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current difficulties and one of the most turbulent starts to a year ever for global financial markets.

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U.S. and allies will ban import of Russian gold

Section: Daily Dispatches

By Zeke Miller and Darlene Superville
Associated Press
Sunday, June 26, 2022

ELMAU, Germany -- President Joe Biden today praised the continued unity of the global alliance confronting Russia, as he and other heads of the Group of Seven leading economies strategized on sustaining the pressure in their effort to isolate Moscow over its months-long invasion of Ukraine.

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Section: Daily Dispatches

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China's central bank, BIS set up renminbi liquidity arrangement

Section: Daily Dispatches

By Brenda Goh
Reuters
Saturday, July 25, 2022

https://www.reuters.com/markets/currencies/chinas-central-bank-bis-set-up-renminbi-liquidity-arrangement-2022-06-25/

SHANGHAI -- China's central bank said today it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement that will provide support to participating central banks in times of market fluctuations.

Pam and Russ Martens: JPMorgan's derivatives surpass $60 trillion, a six-year high

Section: Daily Dispatches

But what if they are really U.S. government positions? This analysis notes that 100% of the bank's monetary metals derivatives and 96% of its foreign exchange derivatives are not centrally cleared. Might central clearing expose the government's connection?

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By Pam and Russ Martens
Wall Street on Parade
Friday, June 224, 2022

Add JPMorgan Chase, the biggest bank in the United States with an unprecedented five criminal felony counts since 2014, to the growing list of debacles of which the Federal Reserve has lost control.

Russia, China, other BRICs plan challenge to dollar with new reserve currency

Section: Daily Dispatches

By George Glover
Insider, New York
Friday, June 24, 2022

Russia is ready to develop a new global reserve currency alongside China and other BRICS nations, in a potential challenge to the dominance of the US dollar.

President Vladimir Putin signaled the new reserve currency would be based on a basket of currencies from the group's members: Brazil, Russia, India, China, and South Africa.

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