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18/December/2015

Is Bloomberg Hiding Something?

Hugo Salinas Price

Bloomberg has been gathering data on the total of Central Bank International Reserves for many years. Since December 1, 2010, the information has been updated every Friday, and has been available on a Bloomberg website, accessible only by subscription.

On Friday, December 11 of the present year, Bloomberg published no information regarding International Reserves as of that date.

On Friday, December 18, once more, Bloomberg published no information regarding International Reserves as of that date.

Curiously enough, on Monday, December 1, 2015, we published an article on this website, click here "The Crumbling World Order, and Who Will Pick Up the Crumbs?" which pointed out that International Reserves have been contracting since August 2014 and up to November 27, 2015, had diminished by $752 billion dollars, or 6.25% of the total achieved at the peak back in August, 2014. And we remarked that this contraction was unprecedented, since we have data going back to 1948, and never, ever, has there been a sustained contraction in the total of Central Bank International Reserves since the creation of the present international monetary system in 1944, at Bretton Woods.

In our opinion, the present contraction of International Reserves announces a secular change of trend to liquidation of international debt and consequently to Depression.

Why has Bloomberg decided to suspend the publication of International Reserves on its website? Is Bloomberg hiding information from the public? Has Bloomberg been pressured to suspend publication of sensitive data?

We hope Bloomberg resumes publication of the important data on International Reserves at once.

 

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Hugo Salinas Price, World Riba Conference, Kuala Lumpur, Malaysia, Nov. 26, 2012.
Hugo Salinas Price, World Riba Conference, Kuala Lumpur, Malaysia, Nov. 26, 2012.
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