BIS - （ProShares UltraShort Nasdaq Biotechnology）

Central Bank Digital Currencies: A Future of Surveillance And Control Submitted by Ronan Manly, BullionStar.com One of the most potentially far-reaching trends in the financial landscape right now is the imminent roll-out of Central Bank Digital Currencies (CBDCs), and the parallel attacks which central bankers are waging on private digital currencies and tokens as they tee up the launch of their CBDCs. First some clarifications. While the majority of central bank issued currencies (fiat currencies) in existence around the world are already in digital form, a fiat currency held in digital form is not the same as a Central Bank Digital Currency (CBDC). What is a CBDC? A CBDC generally refers to electronic or virtual central bank (fiat) money that is created in the form of digital tokens or account balances which are digital claims on the central bank. CBDCs will be issued by central banks and will be legal tender. Many CBDCs that are being researched and developed employ Distributed Ledger Technology (DLT), with the recording of transactions on a blockchain .

Stocks, Bonds, Bullion, & Bitcoin All Drop As Dollar Pops Cryptos made all the headlines today as they pumped and then super-dumped around a narrative of El Salvador ''sell the news'' chatter (and IMF, BIS, and World Bank disappointment that the South American nation dared to edge away from their fiat-uber-alles world) Source: Bloomberg Interestingly, through the last few weeks since El Salvador unveiled its plans to adopt Bitcoin as legal tender, the market''s perception of the nation''s credit risk has improved significantly... Source: Bloomberg A little context for today''s move in bitcoin is perhaps worthwhile... (Bitcoin fell from just below $53,000 to just below $43,000 today, but is still up over 50% since El Salvador first floated the idea in early June)... Source: Bloomberg It felt a little like this for a while today... But then the El Salvadorean president stepped in along with a few others to buy the engineered dip... Source: Bloomberg Equities were also dumped today with Nasdaq the only major index to manage gains from Friday.

Did The NY Fed Confiscate $1.3 Billion In Afghan Gold: Striking Revalations From Afghanistan''s Central Bank Chief Yesterday morning, shortly after the acting Afghan central banker chief, Ajmal Ahmady, fled the country (after he was " somehow pushed on board " of a military plane by his colleagues), and warning on twitter that the country has no dollars left domestically (this likely means that any US currency and gold currently stored at the local central bank vault has been pillaged by the Taliban even though the country''s new rulers said in a statement on Saturday that the treasury, public facilities and government offices were the property of the nation and " should be strictly guarded" ), sparking domestic bank runs and a record rout in the local currency, the Afghani, some asked what that means for Afghan reserves stored offshore. Conveniently, overnight Reuters provided a handy breakdown of the international reserves owned by the DAB (as the Afghani central bank is called). The most recent financial statement posted online shows DAB holds total assets of about $10 billion, including $1.3 billion-worth of gold reserves and $362 million in foreign currency cash reserves, according to currency conversion rates on June 21, the date of the report.

British Requests For $3 Billion In US Treasury Gold: The Trigger That Closed The Gold Window Submitted by Ronan Manly, BullionStar.com "I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States." Richard Nixon, Sunday 15 August 1971 Exactly 50 years has passed since the US Government famously suspended the convertibility of US dollars into gold on 15 August 1971 in a speech announced by then US president Richard Nixon. This convertibility of US dollars into gold applied to US dollars held by foreign governments and foreign central banks, which based on the rules of the Bretton Woods monetary system, allowed them to legally show up anytime at the gold window of the US Treasury and exchange their excess US dollars for physical US Treasury gold. There will be much written this month about the 50 th anniversary of the closure of the US gold window, but less so about what exactly triggered it and why the timing had to be 15 August .

''Tonya Harding'' Explains Last Weekend''s Gold "Flash Crash" Authored by Matthew Piepenburg via GoldSwitzerland.com, Gold price manipulation is back in the form of a flash crash ; below we skate through its details and ask: Why now and hows it done? Kneecapping the Competition Many may remember figure skater Tonya Harding and the infamous pre-Olympic kneecapping of her competitor, Nancy Kerrigan, in 1994. The scandal was simple: If theres a stronger athlete on the rink who frightens you, then take em out. Such nefarious deeds may seem unusual, but in the rigged arena of central-bank markets and derivative price fixing, this kind of desperate behavior is, wellpar for the course. When it comes to rigged markets, weve written extensively about the open charade which passes daily for free market price discovery in a nefarious COMEX trade which, for years, has been the scene of deliberate price fixing on paper gold via cleverly employed swaps, loans and precious metal leases. This is not fable but fact.

Central Bank Digital Currencies: A Future of Surveillance And Control Submitted by Ronan Manly, BullionStar.com One of the most potentially far-reaching trends in the financial landscape right now is the imminent roll-out of Central Bank Digital Currencies (CBDCs), and the parallel attacks which central bankers are waging on private digital currencies and tokens as they tee up the launch of their CBDCs. First some clarifications. While the majority of central bank issued currencies (fiat currencies) in existence around the world are already in digital form, a fiat currency held in digital form is not the same as a Central Bank Digital Currency (CBDC). What is a CBDC? A CBDC generally refers to electronic or virtual central bank (fiat) money that is created in the form of digital tokens or account balances which are digital claims on the central bank. CBDCs will be issued by central banks and will be legal tender. Many CBDCs that are being researched and developed employ Distributed Ledger Technology (DLT), with the recording of transactions on a blockchain .

Stocks, Bonds, Bullion, & Bitcoin All Drop As Dollar Pops Cryptos made all the headlines today as they pumped and then super-dumped around a narrative of El Salvador ''sell the news'' chatter (and IMF, BIS, and World Bank disappointment that the South American nation dared to edge away from their fiat-uber-alles world) Source: Bloomberg Interestingly, through the last few weeks since El Salvador unveiled its plans to adopt Bitcoin as legal tender, the market''s perception of the nation''s credit risk has improved significantly... Source: Bloomberg A little context for today''s move in bitcoin is perhaps worthwhile... (Bitcoin fell from just below $53,000 to just below $43,000 today, but is still up over 50% since El Salvador first floated the idea in early June)... Source: Bloomberg It felt a little like this for a while today... But then the El Salvadorean president stepped in along with a few others to buy the engineered dip... Source: Bloomberg Equities were also dumped today with Nasdaq the only major index to manage gains from Friday.

Did The NY Fed Confiscate $1.3 Billion In Afghan Gold: Striking Revalations From Afghanistan''s Central Bank Chief Yesterday morning, shortly after the acting Afghan central banker chief, Ajmal Ahmady, fled the country (after he was " somehow pushed on board " of a military plane by his colleagues), and warning on twitter that the country has no dollars left domestically (this likely means that any US currency and gold currently stored at the local central bank vault has been pillaged by the Taliban even though the country''s new rulers said in a statement on Saturday that the treasury, public facilities and government offices were the property of the nation and " should be strictly guarded" ), sparking domestic bank runs and a record rout in the local currency, the Afghani, some asked what that means for Afghan reserves stored offshore. Conveniently, overnight Reuters provided a handy breakdown of the international reserves owned by the DAB (as the Afghani central bank is called). The most recent financial statement posted online shows DAB holds total assets of about $10 billion, including $1.3 billion-worth of gold reserves and $362 million in foreign currency cash reserves, according to currency conversion rates on June 21, the date of the report.

British Requests For $3 Billion In US Treasury Gold: The Trigger That Closed The Gold Window Submitted by Ronan Manly, BullionStar.com "I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States." Richard Nixon, Sunday 15 August 1971 Exactly 50 years has passed since the US Government famously suspended the convertibility of US dollars into gold on 15 August 1971 in a speech announced by then US president Richard Nixon. This convertibility of US dollars into gold applied to US dollars held by foreign governments and foreign central banks, which based on the rules of the Bretton Woods monetary system, allowed them to legally show up anytime at the gold window of the US Treasury and exchange their excess US dollars for physical US Treasury gold. There will be much written this month about the 50 th anniversary of the closure of the US gold window, but less so about what exactly triggered it and why the timing had to be 15 August .

''Tonya Harding'' Explains Last Weekend''s Gold "Flash Crash" Authored by Matthew Piepenburg via GoldSwitzerland.com, Gold price manipulation is back in the form of a flash crash ; below we skate through its details and ask: Why now and hows it done? Kneecapping the Competition Many may remember figure skater Tonya Harding and the infamous pre-Olympic kneecapping of her competitor, Nancy Kerrigan, in 1994. The scandal was simple: If theres a stronger athlete on the rink who frightens you, then take em out. Such nefarious deeds may seem unusual, but in the rigged arena of central-bank markets and derivative price fixing, this kind of desperate behavior is, wellpar for the course. When it comes to rigged markets, weve written extensively about the open charade which passes daily for free market price discovery in a nefarious COMEX trade which, for years, has been the scene of deliberate price fixing on paper gold via cleverly employed swaps, loans and precious metal leases. This is not fable but fact.

Central Bank Digital Currencies: A Future of Surveillance And Control Submitted by Ronan Manly, BullionStar.com One of the most potentially far-reaching trends in the financial landscape right now is the imminent roll-out of Central Bank Digital Currencies (CBDCs), and the parallel attacks which central bankers are waging on private digital currencies and tokens as they tee up the launch of their CBDCs. First some clarifications. While the majority of central bank issued currencies (fiat currencies) in existence around the world are already in digital form, a fiat currency held in digital form is not the same as a Central Bank Digital Currency (CBDC). What is a CBDC? A CBDC generally refers to electronic or virtual central bank (fiat) money that is created in the form of digital tokens or account balances which are digital claims on the central bank. CBDCs will be issued by central banks and will be legal tender. Many CBDCs that are being researched and developed employ Distributed Ledger Technology (DLT), with the recording of transactions on a blockchain .

Stocks, Bonds, Bullion, & Bitcoin All Drop As Dollar Pops Cryptos made all the headlines today as they pumped and then super-dumped around a narrative of El Salvador ''sell the news'' chatter (and IMF, BIS, and World Bank disappointment that the South American nation dared to edge away from their fiat-uber-alles world) Source: Bloomberg Interestingly, through the last few weeks since El Salvador unveiled its plans to adopt Bitcoin as legal tender, the market''s perception of the nation''s credit risk has improved significantly... Source: Bloomberg A little context for today''s move in bitcoin is perhaps worthwhile... (Bitcoin fell from just below $53,000 to just below $43,000 today, but is still up over 50% since El Salvador first floated the idea in early June)... Source: Bloomberg It felt a little like this for a while today... But then the El Salvadorean president stepped in along with a few others to buy the engineered dip... Source: Bloomberg Equities were also dumped today with Nasdaq the only major index to manage gains from Friday.

Did The NY Fed Confiscate $1.3 Billion In Afghan Gold: Striking Revalations From Afghanistan''s Central Bank Chief Yesterday morning, shortly after the acting Afghan central banker chief, Ajmal Ahmady, fled the country (after he was " somehow pushed on board " of a military plane by his colleagues), and warning on twitter that the country has no dollars left domestically (this likely means that any US currency and gold currently stored at the local central bank vault has been pillaged by the Taliban even though the country''s new rulers said in a statement on Saturday that the treasury, public facilities and government offices were the property of the nation and " should be strictly guarded" ), sparking domestic bank runs and a record rout in the local currency, the Afghani, some asked what that means for Afghan reserves stored offshore. Conveniently, overnight Reuters provided a handy breakdown of the international reserves owned by the DAB (as the Afghani central bank is called). The most recent financial statement posted online shows DAB holds total assets of about $10 billion, including $1.3 billion-worth of gold reserves and $362 million in foreign currency cash reserves, according to currency conversion rates on June 21, the date of the report.

British Requests For $3 Billion In US Treasury Gold: The Trigger That Closed The Gold Window Submitted by Ronan Manly, BullionStar.com "I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States." Richard Nixon, Sunday 15 August 1971 Exactly 50 years has passed since the US Government famously suspended the convertibility of US dollars into gold on 15 August 1971 in a speech announced by then US president Richard Nixon. This convertibility of US dollars into gold applied to US dollars held by foreign governments and foreign central banks, which based on the rules of the Bretton Woods monetary system, allowed them to legally show up anytime at the gold window of the US Treasury and exchange their excess US dollars for physical US Treasury gold. There will be much written this month about the 50 th anniversary of the closure of the US gold window, but less so about what exactly triggered it and why the timing had to be 15 August .

''Tonya Harding'' Explains Last Weekend''s Gold "Flash Crash" Authored by Matthew Piepenburg via GoldSwitzerland.com, Gold price manipulation is back in the form of a flash crash ; below we skate through its details and ask: Why now and hows it done? Kneecapping the Competition Many may remember figure skater Tonya Harding and the infamous pre-Olympic kneecapping of her competitor, Nancy Kerrigan, in 1994. The scandal was simple: If theres a stronger athlete on the rink who frightens you, then take em out. Such nefarious deeds may seem unusual, but in the rigged arena of central-bank markets and derivative price fixing, this kind of desperate behavior is, wellpar for the course. When it comes to rigged markets, weve written extensively about the open charade which passes daily for free market price discovery in a nefarious COMEX trade which, for years, has been the scene of deliberate price fixing on paper gold via cleverly employed swaps, loans and precious metal leases. This is not fable but fact.