by Jan Nieuwenhuijs, Gold Seek:
Because central banks are the root of the modern money tree, they can use entries in their gold revaluation accounts to turn into capital, pay for expenses, or transfer it to their respective Treasuries. In addition, gold revaluation accounts can be used to cancel government bonds held on central bank balance sheets to lower the public debt.
Multiple large central banks are currently operating at a loss while public debt levels are elevated. In this article we will examine how central banks’ gold revaluation accounts can offer solace in these challenging financial environments. Central banks’ accounting rules are but fictional obstacles, as these are self-imposed and can be discarded.
Censured for online appearances criticizing mandates.
To remain silent and endure this umpteenth violation of the most basic principles of justice and truth is to make oneself complicit with a subverter.
