gold, page-25282

@Andylgo

I may have defended certain participants in the global banking system over the years, but I have been and still am very willing to stick the boot into those deserving a good kicking. Some examples:

- All the US and European banks who pushed back on Basel 2 implementation in 2002-4, and leaving their banks catastrophically under capitalised in 2008. The executives responsible should have been sacked and barred from the industry, as happened to the Barings executives.
- Deutsche Bank should probably be fined out of existence for allowing the Russian elites to move money robbed and extorted from the Russian people, out of Russia. (With the sacking of Preet Bharara, it looks like DB has been saved by one of their large borrowers, Donald Trump.)

I could go on and on...

But will any of these revelations have any positive consequences for the price of gold? Given that the Trump administration has just sacked all the attorneys who have been working on such cases in recent years, probably not.

Business as usual...