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Larry White
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The View from our Whitehouse
The View from our Whitehouse

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The Strange Case of The Venezuelan Gold
Venezuela is making a lot of news lately and of course has been going through a lot of unrest and turmoil for some time. Now nations are lining up for and against support for the existing leader with the US now recognizing a new leadership. Meanwhile, a str...
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News Note: Newmont Mining Buys Goldcorp
Today we get this news on CNBC that major gold miner Newmont will be buying out Goldcorp creating "the world's biggest gold producer by output". Below are a couple of excerpts and then some added comments. -------------------------------------------------...
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BIS Survey on Central Bank Digital Currencies
One area of potential change for the existing monetary system relates to the possibility of central banks moving towards the creation of so called central bank digital currencies (CBDC's) for their national currencies. We have watched this space because if ...
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News Note: US Dollar Share of Global Currency Reserves Falls Slightly
For some time, many have been predicting that the US dollar will lose its place as the worlds global reserve currency. Also, for many years now, Russia and China have clearly been working to try and find ways to bypass use of the US dollar. Recently, sancti...
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News Note: Treasury Secretary Calls Major Banks
This bit of news is attracting some attention since this is the kind of activity that sometimes goes along with a fear of liquidity problems in the system. Too early to tell if this is significant or just routine . Markets are clearly in bear mode and oil i...
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Agustin Carstens (BIS) -- Money and Payment Systems in the Digital Age
This recent speech by Agustin Carstens of the Bank for International Settlements (BIS) is further confirmation of what we have been reporting here for some time. He talks about money and payment systems and looks forward to what we might see in the future i...
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Claudio Borio (BIS) - Cato Institute Speech
Recently, Claudio Borio of the Bank for International Settlements (BIS) gave this speech at a Cato Institute Monetary Conference in Washington DC. Below I have pasted in the Conclusion section of the speech and then a few added comments. -----------------...
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Christine Lagarde and the IMF - Are They Proposing a New Global Digital Currency?
The short answer is no. At least not any time soon. The IMF releases this new study on the prospects for central bank digital currencies (CBDC's) and Managing Director Christine Lagarde offered her thoughts on the subject in this recent speech . Below are a...
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John D. Mueller -- To Bring Back U.S. Manufacturing, Get the World to Dump the Dollar
We have featured John D. Mueller here on this blog previously . Now he has written a new opinion article carried by The Wall Street Journal calling on President Trump to work towards replacing the US dollar as the global reserve currency.  In this new artic...
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Why Hasn't Debt Collapsed the System? -- Some Experts Offer Some Thoughts
In 2008 the world was rocked by what is now called the Great Financial Crisis (GFC). The crisis brought down some banking institutions, prompted emergency action by the US government, and triggered an unprecedented reaction from central banks around the wor...
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