I often receive e-mails with questions, comments and references. Frequently, I respond to these e-mails, but recently I received a few questions that might be of interest to a majority of our subscribers. How do central banks expand their balance sheets? What happens when the ECB buys all (government) bonds and countries go into default? Will the public burden the losses? What will the role of the IMF be? How long will government bonds remain on central bank balance sheets? Is the Federal Reserve a private entity with banks as shareholders? Who receives the profits the Federal Reserve and European Central Bank earn? Have central bank profits risen since 2008? Are central banks consciously pushing for a cashless society? What is the future role of digital coins, or “cryptocurrencies,” in the banking system? And, to close, how high is the probability that gold will be a monetary anchor in the future? Keep reading if you are interested in the answer to one (or various) of these readers’ questions.

How Do Central Banks Expand their Balance Sheets?

What Happens When the ECB Buys All (Government) Bonds and Countries Go into Default?

Will the Public Burden the Losses?

What Will the Role of the IMF Be?

How Long Will Government Bonds Remain on Central Bank Balance Sheets?

Is the Federal Reserve a Private Entity with Banks as Shareholders?

Who Receives the Profits the Federal Reserve and European Central Bank Earn?

Have Central Bank Profits Risen Since 2008?

Are Central Banks Consciously Pushing for a Cashless Society?

What Is the Future Role of Digital Coins, or “Cryptocurrencies,” in the Banking System?

How Likely Is It That Gold Will Serve as a Monetary Anchor in the Future?


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