Jason Burack: Banksters Always Win? Bullion Banks Get Basel III Exemptions For Gold Derivatives From UK Regulators

Wall St. For Main St., Released on 7/9/21

British regulators just gave the bullion banks exemptions to strict Basel III laws so they can keep making billions per month in easy profits on their gold and silver OTC derivatives.

Britain carves out exemption for gold clearing banks from Basel III rule https://mobile.reuters.com/article/am…

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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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Appreciate this analysis. I love Alasdair Macleod, but he unfortunately has been mistaken about the impact of this ‘rule change”.