News weekly : must read and consider - Friday, May 21, 2021
o Bank for International Settlements’ introduction of the net stable funding requirement (NSFR) for bank balance sheets.
o Therefore banks are likely to withdraw from providing derivative liquidity and associated services.
o The consequences of the NSFR leading to the end of the London forward markets in gold and silver.
Russia to reveal prototype of its digital ruble in late 2021 ? Central Bank
The Central Bank of Russia will launch a prototype of the digital ruble, a new form of national currency, by as early as the end of the current year.
Helicopter Drops, Inflation And All Hell Breaking Loose
Everyone knows, except officials in denial, that prices are taking off. It is the consequence of monetary inflation in the form of helicopter drops and unspent money due to lockdowns being released into an economy with insufficient supply of goods (due to those lockdowns) and supply chain disruptions.
Israel aggression on Palestine waged on ‘behalf of the US corporate ruling class’
Washington’s expression of ‘concern’ over the crimes being committed against the people of Jerusalem (al-Ques) is sheer hypocrisy’” the analyst said. “It is hypocrisy because the racist Israeli state is completely funded by the United States, from the teargas and sound bombs Israeli cops fire at people praying in the holy mosque of al-Aqsa to the planes and missiles murdering Palestinian children in Gaza, they are all made in the USA and supplied by for free to Israeli police and war machine.”