Rethinking the Statutory Liquidity Ratio (SLR) in Indian banking

by Harsh Vardhan.

The CEO of a leading bank recently caused a flutter in the banking community by demanding the abolition of the Cash Reserve Ratio (CRR). RBI has promptly appointed a committee to look at this issue. The reserve ratios, CRR and SLR (Statutory Liquidity Reserve), are an important feature of Indian banking . . . → Read More: Rethinking the Statutory Liquidity Ratio (SLR) in Indian banking

California IOUs – One Step Closer To The Brink And About To Break

California IOUs are beginning to infringe on the Federal Reserve’s exclusive monopoly regarding legal tender fiat currency. On 23 August 2010 California bill A.B 1506 passed 9-0 and contains a provision that “a state agency shall accept from a person or entity a registered warrant issued by the Controller that is endorsed by that . . . → Read More: California IOUs – One Step Closer To The Brink And About To Break

Quantitative Easing By Fed Is Predictably Failing

The Federal Reserve has embarked on a perilous journey of quantitative easing.  On 18 March 2009 I predicted the Federal Reserve Will Fail With Quantitative Easing.

In the June 2009 Special Issue from Sprott Asset Management the billionaire Eric Sprott declared, “The Federal Reserve’s policy of Quantitative Easing is failing.  The US budget is . . . → Read More: Quantitative Easing By Fed Is Predictably Failing