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#Central banking
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If the King/Queen of Westeros decided to implement a national bank of Westeros, how would they navigate relationships with the Iron Bank and any perceived competition? Thinking of the same way that the Rogare Bank might have fallen to Faceless Man assassinations?
I would personally recommend a more cooperative policy, because there are definite ways that a Westerosi central bank could be of benefit to the Iron Bank - especially since central banks don't tend to compete with merchant or commercial banks for the same kind of business.
To begin with, the existence of a central bank acting as lender of last resort to Westerosi moneylenders and merchants is going to be good for the Iron Bank's business in Westeros, because that's going to massively reduce the risk of default, which would mean the Iron Bank's loans would see a higher rate of return even at lower interest rates, and likely would lead to an increased volume of business, as more people would be able to afford to take out loans from the Iron Bank.
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If the Westerosi central bank is anything like the central banks of Early Modern Europe, it might be quite possible that the Iron Bank would become a minority shareholder in the Westerosi central bank, and quite likely would be one of the central bank's major customers when it comes to the sale of royal bonds - if only because the existence of a central bank would make Westerosi public debt a much sounder investment than under the medieval model.
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reality-detective · 1 year
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There were 173 Banks around the World that failed this week – and went unreported by the Mainstream Media.
 
The Rothschild Banks in controlled collapse, including the US Federal Reserve:
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Came Roon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean Area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya (Their most recent conquest)
Uruguay: Central Bank of Uruguay
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Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
EVERYTHING is going to crash!
Are You Prepared? 🤔
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ancaporado · 1 year
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Loving how all these socialists complain about how we have "free-market capitalism" despite the fact that the entire economy, the price of goods, services, and wages all teeter on the decisions of a handful of government employees.
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Former prominent Investment Banker George Green who is sadly no longer with us explaining from his knowledge from within the inside of how the global agenda would unfold.🤔
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workersolidarity · 6 months
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[Photo source]
🇮🇱🇺🇸 🚨 CREDIT RATING ORGANIZATION, MOODY'S ANALYTICS PREDICTS HIGH DEFICITS AND INFLATION FOR ISRAEL
The credit rating agency, Moody's Analytics is predicting higher inflation and widening deficits for the Israeli State in a report released on Monday morning.
According to the Moody's report, the Israeli State can expect its deficit to widen to 3.5% by the end of 2023, and widen further to 7.8% in 2024.
Moody's further expects inflation rates to rise considerably to 6.8% in 2024, with GDP growth rates reduced to only 1.4%.
This directly contradicts predictions by the Bank of Israel, the occupation's central bank, which claimed the Israeli interest rate would remain flat at 4.75%, with expected inflation rates of 2.5% and GDP growth of 2.8%.
Last week, Moody's Analytics said it would be placing Israel's A1 foreign-currency and local-currency credit rating in review to consider how the events since October 7th are affecting the Israeli economy.
According to a separate report from the S&P, the Israeli economy can expect a 5% contraction in the Fourth Quarter of 2023.
"The change of outlook to stable from positive reflects a deterioration of Israel’s governance, as illustrated by the recent events around the government’s proposal for overhauling the country’s judiciary," the statement by Moody's Analytics said.
#source1
#source2
@WorkerSolidarityNews
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ennovance · 1 year
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Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’ 
The market for loans from non-bank firms like Apollo and Blackstone is booming. A crisis in regional lenders could accelerate it.
https://www.nytimes.com/2023/05/06/business/dealbook/bank-crisis-shadow-banks.html?searchResultPosition=5 #private_equity #privatedebt #privatecredit #debt #loans #Banking #investor #ennovance
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luckysomni · 1 year
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People causing a run on the bank because their accounts were only ensured up to $250,000.:
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Me who only has two digits in my bank account:
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kapitaali · 3 months
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When money drives almost all activity on the planet, it’s essential that we understand it. The documentary 97% Owned aims to answer questions like: Where does the money come from? Who creates it? Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and finance break down?
97% Owned reveals how the creation of credit and the mystery that surrounds it. The documentary goes at the root of our current social and economic crisis. Referring to the 97% of the world’s money supply that is represented by credit, this thought-provoking film presents serious research and verifiable evidence on our economic and financial system. Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatized, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, 97% Owned demonstrates how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.
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gentlemans-code20 · 1 year
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#Info - Is the bank system sound?
The institutions that are deemed “too big to fail” will always be bailed out. In his book, “Conspiracy of the Rich: The 8 New Rules of Money,” Robert Kiyosaki wrote that “bailouts are the name of the game.”
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financegreat · 1 year
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diablo1776 · 1 year
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The Rothschilds and Rockefellers own everything. Even our own Government.
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racefortheironthrone · 5 months
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Could the Iron Throne be able to issue bonds, to finance its expenses, instead of going to the Iron Bank for a loan?
A government issuing bonds is the same thing as the government taking out a loan. The main difference is that, in the case of issuing a bond, the government is spreading out its borrowing between many lenders by selling bonds on the open market to anyone who wants to buy them rather than having that loan owed to a single entity like the Iron Bank. This means that the government is less beholden to any one creditor and it's less likely that the government's creditors can use their economic leverage to affect government policy.
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The second advantage of structuring government debt through bonds is that it allows the government to break its total borrowing needs into smaller, more affordable units. Very few financial institutions would have had the capital to finance the £1,200,000 that made up the government's inaugural loan at the Bank of England in 1690 - but a lot more people could afford to lend the government £10, £25, £50, or £100 pounds.
Between this and later innovations in marketing bonds to the general public, the market for government debt was massively expanded. Not only did this create a class of rentiers who were now personally invested in the government's success, but it also immediately deepened the capital markets by creating a large supply of stable assets that could be bought and sold and borrowed against. While some of the shortcomings of the Hamilton musical and Chernow's biography have become more obvious in hindsight, they're not wrong about the impact of Hamilton's policies as Treasury Secretary on the development of the American economy.
The difficulty facing the Iron Throne in adapting an early modern system of government finance is that it doesn't have the state capacity to run this kind of an operation: it doesn't have a central bank to act as the government's marketer, issuer of banknotes, and lender of last resort; it doesn't have a sinking fund to manage the level and price of debt; it hasn't issued charters to merchant's guilds or joint-stock companies that could combine the small capital of individuals and thus more easily afford to buy bonds; and it doesn't have enough literate people who've studied accounting to staff a royal bureaucracy large enough to coordinate and keep records of all of this economic activity.
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reality-detective · 1 year
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Does this sound familiar? 🤔
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sir-sanguinus · 1 year
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Bank of England....
Hire me.
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blondiepieradio · 2 years
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ennovance · 9 months
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US regional banks struggle to break free from government life support
Lenders still tapping hundreds of billions of dollars of funding that shored industry up during recent crisis
https://www.ft.com/content/03f3dac0-5396-48a6-ad02-d622f748fd5d
https://twitter.com/CNBC/status/1646206923858145280/video/1
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