Verify Creditor Currency with airSlate SignNow

Verify creditor currency

um at some point the the world is going to go into a crisis or a country is going to go into a crisis it might be the UK it might be Italy might even be the United States but something is going to happen things are very very taught in the financial world at the moment um when that happens I think they will close the banks you'll wake up on a Sunday afternoon or Sunday morning and say and hear the news that they've shut the bank's not going to open on Monday and then by Monday evening or Tuesday you'll get the announcement that we're having a new currency the cbdc and don't worry it'll be one to one against the old currency uh but there'll be some restrictions on your ability to convert your old money into the new money November 24th 2022 Monaco 64 home of alternative economics and contrarian views so today I have the pleasure of speaking with Clive Thompson he's a retired wealth manager uh for one of the biggest private banks in Switzerland he is based out of Switzerland but I think of course he's uh originally from the UK and he's written some interesting um articles on LinkedIn and he follows me on LinkedIn and uh he's written about the Federal Reserve its balance sheet the fact that they're making huge losses now so we're going to talk about that we're going to talk about cbdc's as well and gold and silver because Clive is a stacker so Clive welcome to the channel thank you very much shall we start with the balance sheet of the Federal Reserve if we step back to if we step back to about 2011 the Federal Reserve had assets of around 2 trillion and a capital reserves of about 40 a billion so back then the leverage on the balance sheet was about 50 times which is quite leveraged right now they've got um over eight and a half trillion of assets on the balance sheet and their capital is still about 35 billion so they're leveraged over 200 times in any financial institution that is a situation which can go seriously wrong and where I think we've got to do is it is in fact going wrong um we've got two big problems at the moment uh on the balance sheet the first one is their assets were purchased over the last decade when interest rates were very very low so their mortgage-backed Securities and treasury bills and treasury bonds uh probably yielding something of the order of two and a half percent that's I guess I don't know um but at the same time the liability side of the balance sheet is the deposits from Banks and depository institutions on which they'll be now paying about four percent so what's happened is the first of all they're mismatched in their maturity they have long assets with a long maturity and a low...