8chan/8kun QResearch Posts (11)
#20160737 at 2023-12-31 23:09:06 (UTC+1)
Q Research General #24739: 123123 Edition
>>20160713
COVID handouts
As President of the European Central Bank, spent at least ?1,850 billion on an asset purchase program during COVID-19.[185] "If we don't vaccinate the whole world, it will come back to haunt us and hurt us in the form of new variants."[186]
Gordon Brown - 1991 - In April 2021, promoted a $60 billion effort to increase vaccination in "poor countries".[187] Appointed WHO ambassador for global health financing in September 2021.[188]
Elisa Ferreira- 2002 - Appointed European Commissioner for Cohesion and Reforms in December 2019 by Ursula von der Leyen, in charge of smaller EU handouts,[189] and on committees deciding about REACT-EU: "The additional European cohesion fund of ?47 billion makes an important contribution towards rebuilding after the crisis. We need coherent and long-term strategies which rapidly trigger the green and digital transition and which are adapted to the local needs and potential." [190]
Luis Garicano - 2016 - In March 2020, proposed a ?500 billion "bazooka" to fight the virus, stabilise the European economy, and protect its jobs while the economy is in the "freezer".[191]
Kristalina Georgieva - 2016 - As IMF managing director organised "emergency financing on a scale [and at a speed] never seen before" [192] - issuing dire economic forecasts [193]
Austan Goolsbee - 2012 - Obama advisor, published on the economics of COVID [194] Fan of heavy COVID-19 spending.[195] "The number one rule of virus economics is that you have to stop the virus before you can do anything about economics."[196]
Christine Lagarde -2017, 2016, 2014, 2013, 2009 - As President of the European Central Bank she spent ?1,850 billion on an asset purchase program during COVID-19.[197] In a joint interview with Klaus Schwab, she declared an intent to "vaccinate the whole world".[198]
Stephen Poloz speaking in March 2020.[199]
Stephen Poloz - 2014 - Took over from Mark Carney as Governor of the Bank of Canada. In late March 2020, announced a minimum $5-billion-per-week of market purchases of Government of Canada bonds, "to address strains in the government of Canada debt market and to enhance the effectiveness of all other actions taken so far." [200] "We have taken several actions to unclog key lending channels, adding over $200 billion of liquidity, or around 10% of Canadian GDP. As I said recently, no one has ever criticized a firefighter for using too much water. When the system demands more liquidity, the central bank must provide it."[201]
Nout Wellink - 2010, 2009, 2006 - As ex-President of the Central Bank of the Netherlands, in March 2020, was promoting "Coronabonds".[202]
Pierre Wunsch - 2017 - As Governor of the National Bank of Belgium signed off on measures involving a 50 billion euro "financial buffer" that he named a "financial bazooka".[203]
#9336774 at 2020-05-27 21:48:30 (UTC+1)
Q Research General #11949: Eyes On SpaceX Edition
JPMorgan's Dimon Admits Fed Liquidity Is Propping Up Stocks... Deutsche Bank CEO: Markets Too Optimistic About Coronavirus Recovery: Deutsche Bank CEO...
Deutsche Bank chief executive Christian Sewing said on Tuesday that markets were too optimistic in their assessment of a recovery from the coronavirus crisis.
JPMorgan's Dimon Admits "Fed Liquidity Is Propping Up Stocks"
"...bringing out the bazooka..."
JPMorgan CEO Jamie Dimon told the Deutsche Bank Global Financial Services Conference attendees (virtually) that he sees a "good chance" of a fairly rapid economic recovery and is hoping things pick up in 3Q after what will be weak GDP this quarter.
"I give it some pretty good odds," Dimon said. "The government has been very responsive, the Federal Reserve has been very responsive. Large companies have a huge wherewithal, hopefully we'll keep the small ones alive long enough that most of them get back into business."
While the all-seeing CEO warned that JPMorgan is "prepared for a scenario where recovery is slower," Dimon implicitly pointed out that for now there's nothing to fear but fear itself because "The Fed's liquidity, bringing out the bazooka, is propping up stock prices (as well as all other asset classes)."
Significant Stimulus Needed to Rebuild Economy
Canada's economy will continue to require significant amounts of stimulus in the rebuilding phase, even with the potential for higher debt levels to fuel financial vulnerabilities, according to the outgoing head of the country's central bank.Bank of Canada Governor Stephen Poloz,...
The Bond Market Is Betting on More Fed Action to Dodge a Depression
The Federal Reserve has already unleashed a barrage of new policies to keep the economy out of depression. Investors reckon it's lining up another one. The Fed's version of the strategy known as yield-curve control is expected to involve capping yields on government bonds of a chosen maturity...
https://www.investmentwatchblog.com/jpmorgans-dimon-admits-fed-liquidity-is-propping-up-stocks-deutsche-bank-ceo-markets-too-optimistic-about-coronavirus-recovery-deutsche-bank-ceo/
#8987156 at 2020-05-01 14:35:05 (UTC+1)
Q Research General #11503: Happy Law Day, USA! Edition
Tiff Macklem Named as Next Bank of Canada Governor
The news comes as Finance Minister Morneau announced more than $250 billion in direct financial aid, credit support, and tax deferrals aiming to support people amid the crisis caused by the coronavirus pandemic in the country. At the moment, Ottawa has reported 53,236 infected in the country, while the death toll has reached 3,184.
Canadian Finance Minister Bill Morneau announced on Friday that Tiff Macklem will become the next Bank of Canada governor, expressing hope that he will help the country amid the COVID-19 pandemic. Previous Bank of Canada Governor Stephen Poloz, who has been in office since 2013, is set to retire on 2 June.
https://sputniknews.com/world/202005011079161271-tiff-macklem-named-as-next-bank-of-canada-governor/
#7543159 at 2019-12-18 05:42:51 (UTC+1)
Q Research General #9649: Marker [9] Edition
Bank of Canada Governor Stephen Poloz to retire at the end of his term in June 2020.
https://business.financialpost.com/news/economy/Stephen-Polozs-parting-gift-to-canada-a-shot-of-confidence-to-thrive-in-the-new-economy
#7461074 at 2019-12-09 04:19:02 (UTC+1)
Q Research General #9542: Prayers On The Eve Edition
Resignations in the news 12/6/2019 thru 12/8/2019 - part 1
Amnesty International's secretary general Kumi Naidoo steps down - See more at: https://www.civilsociety.co.uk/news/amnesty-international-s-secretary-general-kumi-naidoo-steps-down-for-health-reasons.html#sthash.txMbHAlJ.dpuf
Stephen Poloz to step down: How Canada's top banker went from folksy obscurity to steady hand
https://business.financialpost.com/news/economy/a-creature-of-his-time-how-Stephen-Poloz-went-from-folksy-obscurity-to-a-steady-hand-at-canadas-central-bank
City honors retiring crime watch leader
https://m.citizensvoice.com/news/city-honors-retiring-crime-watch-leader-1.2567691
BOC Governor Stephen Poloz to step down in June 2020, USD/CAD consolidates gains
https://www.fxstreet.com/news/boc-governor-Stephen-Poloz-to-step-down-in-june-2020-201912061507
Dany Cotton To Step Down As London Fire Commissioner In Wake Of Critical Grenfell Tower Inquiry
https://www.huffingtonpost.co.uk/entry/dany-cotton-stepping-down_uk_5dea25d8e4b0913e6f8e56fd?utm_hp_ref=uk-homepage&guccounter=1
North Platte mayor praises retiring city attorney, administrator and engineer for making a difference in the community
https://www.nptelegraph.com/news/local_news/north-platte-mayor-praises-retiring-city-attorney-administrator-and-engineer/article_b7eae6d0-17e8-11ea-9449-3375784aa4fb.html
City of Pinconning sees 3 city officials resign in 3 months
https://www.mlive.com/news/saginaw-bay-city/2019/12/city-of-pinconning-sees-3-city-officials-resign-in-3-months.html
N.C. Rep. George Holding retiring, cites redistricting as factor.
https://www.rollcall.com/news/campaigns/n-c-rep-george-holding-retiring-cites-redistricting-factor
Houston frac sand co. CFO to resign, successor named
https://www.bizjournals.com/houston/news/2019/12/06/houston-frac-sand-co-cfo-to-resign-successor-named.html
State Sen. Betty Little retiring in 2020
https://dailygazette.com/article/2019/12/05/state-sen-betty-little-retiring-in-2020
Speed skating: Chinese coach resigns over Hungarian speed skater's China comment
https://www.reuters.com/article/us-speedskating-hungary-china/speed-skating-chinese-coach-resigns-over-hungarian-speed-skaters-china-comment-idUSKBN1Y819D
FAI president Conway to step down at EGM in January
https://www.the42.ie/donal-conway-fai-president-stepping-down-4920840-Dec2019/
Fresno State coach Jeff Tedford to step down from position due to health concerns
https://www.cbssports.com/college-football/news/fresno-state-coach-jeff-tedford-to-step-down-from-position-due-to-health-concerns/
Yuma Cop Asked 17-Year-Old to Film Herself Twerking, Resigns
https://www.phoenixnewtimes.com/news/yuma-cop-asked-17-year-old-to-film-herself-twerking-resigns-11403215
President of South African agricultural lobby group resigns
https://www.reuters.com/article/safrica-land/president-of-south-african-agricultural-lobby-group-resigns-idUSL8N28G3KR
Retiring fiduciary supervisor recognized for dedication to Berkeley County
https://www.journal-news.net/journal-news/retiring-fiduciary-supervisor-recognized-for-dedication-to-berkeley-county/article_226dd64f-f62d-5e56-bc4a-1debfc228fea.html
Lawmaker accused of theft from charity announces resignation
https://wbng.com/2019/12/06/lawmaker-accused-of-theft-from-charity-announces-resignation/
Rick Stevenson, Wayne Township trustee, retiring
https://www.wane.com/news/local-news/rick-stevenson-wayne-township-trustee-retiring/
Black Chamber of Commerce CEO resigns
https://journalrecord.com/2019/12/05/black-chamber-of-commerce-ceo-resigns/
Key PAL board members submit resignation papers
https://www.philstar.com/business/2019/12/06/1974573/key-pal-board-members-submit-resignation-papers
Members of Rwandan cycling federation resign amid corruption and abuse allegations
https://www.cyclingnews.com/news/members-of-rwandan-cycling-federation-resign-amid-corruption-and-abuse-allegations/
#7448306 at 2019-12-07 20:07:33 (UTC+1)
Q Research General #9526: ALL HANDS ON DECK! Edition
#9525
>>7448062, >>7448070, >>7448072, >>7448083, >>7448087, >>7448158 Drudge Diggz!
>>7448137 Hong Kong American Chamber of Commerce president denied entry to Macau
>>7448105 Mexico, U.S. 'getting close' on finalizing USMCA: Mexican official
>>7447995, >>7448029, >>7448067, >>7448096, >>7448149 MOS is an acronym for Media Object Server Communications Protocol, which allows Newsroom Computer Systems (NCS) and Media Object Servers (MOS) to exchange information using a standard protocol (language and vocabulary)?
>>7448008 Saving Israel for last.... Wonder Why
>>7447968 Harvard stats
>>7447965, >>7448061 all Potus twats today, so far
>>7447957 Abe Goldschmidt, whose number was in Q drop 2262 "MUSIC ABOUT TO STOP", on Sept 21, 2018, no longer works at the White House
>>7447938 Spreadsheet is updated to Q post >>>/projectdcomms/105
>>7447931 Bank of Canada governor Stephen Poloz is to step down in June 2020.
>>7447929 Top Insider sale/buy of the week: Uber former ceo/founder: $123.43m Dec 3-5 & Howard Hughes Corp.: $200.84m Dec 2
>>7447918 Argentina's central bank governor Guido Sandleris, announced his resignation as president-elect Alberto Fernández is due to take office on December 10.
>>7447904, >>7447927 Bernie Sanders Joins Climate Strikers in Iowa: This Is a 'Global Existential Crisis'
>>7447898 Got my ticket to the Trump rally the 18th!
>>7447877, >>7447977 Q's other post on Warren:
>>7447876 Lawmakers Urge AG Barr to Prosecute Obscene Pornography Producers, Distributors
>>7447855 Suppressing Dissent Guarantees Disorder And Collapse
>>7447843 Potus/Q insync
>>7447821 @realDonaldTrump Our Economy is the envy of the World!
>>7447812 Towards "NATO-Exit"? Shift in the Structure of Military Coalitions. Turkey's Alliance with Russia, China and Iran?
>>7447792 @realDonaldTrump The United States will not rest until we bring every American wrongfully detained in Iran and around the world back home to their loved ones!
>>7447771 Pensacola Navy base shooting victim "saved countless lives"
>>7447699 US restarts peace talks with Afghan Taliban in Qatar
>>7447639 PM Abe abandons bid to revise Constitution in 2020 due to deadlock over scandals
>>7447621 Navy, Pentagon to Review Base Security Following 3 Deadly Incidents in a Week
>>7447613, >>7447646 Greece expels Libyan ambassador over agreements with Turkey
>>7447576 Elizabeth Warren Pushes Gun Control Before Pensacola Facts Known
>>7447575 UK Media investigates Clintons & Epstein. Virginia Giuffre exposes Andrew & Maxwell (Video)
>>7447557 Erdogan invited to attend Victory Day Parade in Moscow in 2020
>>7447545 Judiciary panel releases report defining impeachable offenses
>>7447523 US State Department denies Netanyahu talked Jordan Valley annexation with Pompeo
>>7447472, >>7447478 Immigrants keep coming!
#9525
#7448268 at 2019-12-07 20:04:28 (UTC+1)
Q Research General #9526: ALL HANDS ON DECK! Edition
Global Announcements
>>7367204 Reminder, if you're having troubles posting fill out the captcha (see the graphic)
>>7368296, >>7368357 BO on Q's tripcode, whitelist, how it works!
>>7370399 New Q-Board: https://8kun.top/projectdcomms/index.html
Bakers: Do NOT add Q's non-tripcoded posts to the dough
Notables
are not endorsements
>>7448062, >>7448070, >>7448072, >>7448083, >>7448087, >>7448158 Drudge Diggz!
>>7448137 Hong Kong American Chamber of Commerce president denied entry to Macau
>>7448105 Mexico, U.S. 'getting close' on finalizing USMCA: Mexican official
>>7447995, >>7448029, >>7448067, >>7448096, >>7448149 MOS is an acronym for Media Object Server Communications Protocol, which allows Newsroom Computer Systems (NCS) and Media Object Servers (MOS) to exchange information using a standard protocol (language and vocabulary)?
>>7448008 Saving Israel for last.... Wonder Why
>>7447968 Harvard stats
>>7447965, >>7448061 all Potus twats today, so far
>>7447957 Abe Goldschmidt, whose number was in Q drop 2262 "MUSIC ABOUT TO STOP", on Sept 21, 2018, no longer works at the White House
>>7447938 Spreadsheet is updated to Q post >>>/projectdcomms/105
>>7447931 Bank of Canada governor Stephen Poloz is to step down in June 2020.
>>7447929 Top Insider sale/buy of the week: Uber former ceo/founder: $123.43m Dec 3-5 & Howard Hughes Corp.: $200.84m Dec 2
>>7447918 Argentina's central bank governor Guido Sandleris, announced his resignation as president-elect Alberto Fernández is due to take office on December 10.
>>7447904, >>7447927 Bernie Sanders Joins Climate Strikers in Iowa: This Is a 'Global Existential Crisis'
>>7447898 Got my ticket to the Trump rally the 18th!
>>7447877, >>7447977 Q's other post on Warren:
>>7447876 Lawmakers Urge AG Barr to Prosecute Obscene Pornography Producers, Distributors
>>7447855 Suppressing Dissent Guarantees Disorder And Collapse
>>7447843 Potus/Q insync
>>7447821 @realDonaldTrump Our Economy is the envy of the World!
>>7447812 Towards "NATO-Exit"? Shift in the Structure of Military Coalitions. Turkey's Alliance with Russia, China and Iran?
>>7447792 @realDonaldTrump The United States will not rest until we bring every American wrongfully detained in Iran and around the world back home to their loved ones!
>>7447771 Pensacola Navy base shooting victim "saved countless lives"
>>7447699 US restarts peace talks with Afghan Taliban in Qatar
>>7447639 PM Abe abandons bid to revise Constitution in 2020 due to deadlock over scandals
>>7447621 Navy, Pentagon to Review Base Security Following 3 Deadly Incidents in a Week
>>7447613, >>7447646 Greece expels Libyan ambassador over agreements with Turkey
>>7447576 Elizabeth Warren Pushes Gun Control Before Pensacola Facts Known
>>7447575 UK Media investigates Clintons & Epstein. Virginia Giuffre exposes Andrew & Maxwell (Video)
>>7447557 Erdogan invited to attend Victory Day Parade in Moscow in 2020
>>7447545 Judiciary panel releases report defining impeachable offenses
>>7447523 US State Department denies Netanyahu talked Jordan Valley annexation with Pompeo
>>7447472, >>7447478 Immigrants keep coming!
#9525
Previously Collected Notables
>>7446674 #9523, >>7447367 #9524
>>7443424 #9519, >>7444301 #9520, >>7445097 #9521, >>7445847 #9522
>>7440480 #9515, >>7441240 #9516, >>7442222 #9517, >>7442774 #9518
>>7437408 #9511, >>7438172 #9512, >>7438952 #9513, >>7439721 #9514
Notables Thread #1, #8960-present: >>7003045
Notables Aggregator: https://wearethene.ws
Notables also archived here: >>>/comms/3396 (#740~#6384), https://8kun.top/qresearch/notables.html
Plain text archives of all QR Notables: https://pastebin.com/2f1897vD
#7448121 at 2019-12-07 19:36:57 (UTC+1)
Q Research General #9525: ALL HANDS ON DECK! Edition
>>7448105
Notables
>>7448105 Mexico, U.S. 'getting close' on finalizing USMCA: Mexican official
>>7447995, >>7448029, >>7448067, >>7448096 MOS is an acronym for Media Object Server Communications Protocol, which allows Newsroom Computer Systems (NCS) and Media Object Servers (MOS) to exchange information using a standard protocol (language and vocabulary)?
>>7448008 Saving Israel for last.... Wonder Why
>>7447968 Harvard stats
>>7447965, >>7448061 all Potus twats today, so far
>>7447957 Abe Goldschmidt, whose number was in Q drop 2262 "MUSIC ABOUT TO STOP", on Sept 21, 2018, no longer works at the White House
>>7447938 Spreadsheet is updated to Q post >>>/projectdcomms/105
>>7447931 Bank of Canada governor Stephen Poloz is to step down in June 2020.
>>7447929 Top Insider sale/buy of the week: Uber former ceo/founder: $123.43m Dec 3-5 & Howard Hughes Corp.: $200.84m Dec 2
>>7447918 Argentina's central bank governor Guido Sandleris, announced his resignation as president-elect Alberto Fernández is due to take office on December 10.
>>7447904, >>7447927 Bernie Sanders Joins Climate Strikers in Iowa: This Is a 'Global Existential Crisis'
>>7447898 Got my ticket to the Trump rally the 18th!
>>7447877, >>7447977 Q's other post on Warren:
>>7447876 Lawmakers Urge AG Barr to Prosecute Obscene Pornography Producers, Distributors
>>7447855 Suppressing Dissent Guarantees Disorder And Collapse
>>7447843 Potus/Q insync
>>7447821 @realDonaldTrump Our Economy is the envy of the World!
>>7447812 Towards "NATO-Exit"? Shift in the Structure of Military Coalitions. Turkey's Alliance with Russia, China and Iran?
>>7447792 @realDonaldTrump The United States will not rest until we bring every American wrongfully detained in Iran and around the world back home to their loved ones!
>>7447771 Pensacola Navy base shooting victim "saved countless lives"
>>7447699 US restarts peace talks with Afghan Taliban in Qatar
>>7447639 PM Abe abandons bid to revise Constitution in 2020 due to deadlock over scandals
>>7447621 Navy, Pentagon to Review Base Security Following 3 Deadly Incidents in a Week
>>7447613, >>7447646 Greece expels Libyan ambassador over agreements with Turkey
>>7447576 Elizabeth Warren Pushes Gun Control Before Pensacola Facts Known
>>7447575 UK Media investigates Clintons & Epstein. Virginia Giuffre exposes Andrew & Maxwell (Video)
>>7447557 Erdogan invited to attend Victory Day Parade in Moscow in 2020
>>7447545 Judiciary panel releases report defining impeachable offenses
>>7447523 US State Department denies Netanyahu talked Jordan Valley annexation with Pompeo
>>7447472, >>7447478 Immigrants keep coming!
#9525
#7447946 at 2019-12-07 19:06:34 (UTC+1)
Q Research General #9525: ALL HANDS ON DECK! Edition
>>7447931
>Bank of Canada governor Stephen Poloz is to step down in June 2020.
#7447931 at 2019-12-07 19:06:22 (UTC+1)
Q Research General #9525: ALL HANDS ON DECK! Edition
Poloz to leave Bank of Canada in June 2020
Bank of Canada governor Stephen Poloz is to step down in June 2020.
In a statement released today (December 6), Poloz announced he would not be seeking a second term when his governorship comes to an end next year.
"My time as governor has been the most fulfilling of my long career. During my term, the bank has created the conditions for steady economic growth, low unemployment and inflation close to target through very challenging times," he said.
https://www.centralbanking.com/central-banks/governance/people/4592326/Poloz-to-leave-bank-of-canada-in-june-2020
#7439392 at 2019-12-06 15:10:39 (UTC+1)
Q Research General #9514: End of Their (Ci([E]vil)ization) Edition
Stephen Poloz, Bank of Canada Governor to step down June , 2020
Sorry no limk, iPad fagging.
8chan/8kun QResearch CANADA Posts (2)
#17501557 at 2022-09-05 20:30:16 (UTC+1)
Q Research Canada #36: Climate Change Chicanery Edition
The Names of The Bilderbergers Who've Played a Role in The Covid Event
https://tapnewswire.com/2022/09/the-names-of-the-bilderbergers-whove-played-a-role-in-the-covid-event/
It is unknown whether a 2021 Bilderberg Meeting was held; the group's website stated that it "had to be cancelled, due to travel and meeting restrictions."[1] Of the 1861 living Bilderbergers, over 140, listed below, have played significant roles in managing the COVID-19 event: Many of those listed below are also on the list of COVID-19 WEF perpetrators.
Over 150 Bilderbergers (of the 1861 who are still alive) have played important parts in the COVID-19 event.
Many, perhaps most, of the below have been active in various roles; this page attempts to list them under the most important played. Steering committee members (both present and former) are underlined.
Mark Carney - 2019, 2018, 2012, 2011 - "acting as an informal adviser to Prime Minister Justin Trudeau on the federal government's response to the COVID-19 pandemic."[13]
Bill Morneau - 2017, 2016 - as Canadian Finance Minister in 2020 "approved the spending of nearly $200 billion in federal aid in a deliberate effort to shut down huge portions of Canadian society"[34]
Andrew Coyne - 2015 - Canadian columnist and aggressive pusher of the COVID official narrative. e.g., He dismissed the Great Reset as a "conspiracy theory", and in December 2021 headlined an article Is the case for vaccine mandates like the case for seatbelt laws? No, it's much, much stronger [66]
Fran?ois-Philippe Champagne - 2019, 2018 - In August 2021, as Canada's Minister of Innovation, Science and Industry, announced Canada has established an MOU with Moderna to build a state-of-the-art "mRNA vaccine" production facility in Canada.[104]
Dominique Anglade - 2018 - Made leader of the Quebec Liberal Party in 2020. Calling for "freedom passports" in August 2021.[153][154]
Fran?ois-Philippe Champagne - 2019, 2018 - In August 2021, as Canada's Minister of Innovation, Science and Industry, announced Canada has established an MOU with Moderna to build a state-of-the-art "mRNA vaccine" production facility in Canada.[104]
Dominique Anglade - 2018 - Made leader of the Quebec Liberal Party in 2020. Calling for "freedom passports" in August 2021.[153][154]
Stephen Poloz - 2014 - Took over from Mark Carney as Governor of the Bank of Canada. In late March 2020, announced a minimum $5-billion-per-week of market purchases of Government of Canada bonds, "to address strains in the government of Canada debt market and to enhance the effectiveness of all other actions taken so far." [200] "We have taken several actions to unclog key lending channels, adding over $200 billion of liquidity, or around 10% of Canadian GDP. As I said recently, no one has ever criticized a firefighter for using too much water. When the system demands more liquidity, the central bank must provide it."[201] Continue…
#5524905 at 2019-03-05 22:19:51 (UTC+1)
Q Research Canada #2: Lets make The True North Strong and Free Again
>>5524853
Between 1999 and 2002 the United Kingdom, under the auspices of the Bank of England (BOE), sold roughly 395 tonnes of gold, representing over half of the UK's gold positon. The UK pre-announced the sales, and held 17 auctions during the period. The era became known as "Brown's Bottom," named after Gordon Brown, the Chancellor of the Exchequer at the time.
The immediate reaction was a 10% decline in the price of gold. Gold traded between US$253/ounce and US$350/ounce during the period, with the UK averaging roughly US$275 for its gold, and raising about US$3.5 billion (about £2.3 billion). Based on today's prices of roughly US$1,270/ounce, the UK gold, if sold today, would be worth about US$16.1 billion (£11.3 billion).
While gold prices are up 335% since 1999, the US dollar and the euro, the two prime currencies that the BOE would have substituted for its gold holdings, have declined in value.
Will Canada's sale of its gold become known as "Poloz's Bottom," named after BofC Governor Stephen Poloz? It's possible, especially if gold was to rise sharply in the coming years, as it did following "Brown's Bottom." The UK's reasoning for selling its gold at the time was that it wanted to diversify its assets away from gold, which was deemed to be too volatile.
Brown's action attracted a lot of criticism, and in order to deal with this sale a consortium of central banks, led by the European Central Bank (ECB) and the BOE, signed the Washington Agreement in September 1999, limiting gold sales to 400 tonnes per year for the next five years. That agreement was renewed in 2004, and again in 2009.
Flash forward 17 years and the BofC's reasoning for selling its gold was a "long-standing policy of diversifying its portfolio by selling physical commodities (such as gold) and instead investing in financial assets that are easily tradable and that have deep markets of buyers and sellers."
Gold, however, is not a commodity - it is money itself, as it has been for over 3,000 years. It is traded daily on the currency desks of major banks around the world. That puts gold in the same category as the US dollar, the euro, and other currencies. The physical gold market is estimated to have an average daily turnover of upwards of US$24 billion daily in both cleared and uncleared OTC markets, according to statistics from the London Bullion Market Association (LBMA).
This makes daily gold turnover trading in the London market on par with the major currencies, and larger than all bond markets, except for the US Treasury bond market and the Japanese government bond market. Gold trades in one of the most liquid markets in the world.
Gold continues to remain an integral part of central bank reserves and the IMF's Special Drawing Rights (SDRs), along with other currencies. Further, as a demonstration of gold's liquidity, gold can be included in banks' liquidity buffers under Basel III regulations. This is an important distinction, because it means private banks can hold gold as a reserve liquidity asset. Central banks, according to statistics from the WGC, hold roughly 32,739 tonnes of gold, of which the IMF holds 2,814 tonnes as of February 2016. The largest reserves of gold remain in the US with the Federal Reserve (Fed), which holds 8,133.5 tonnes according to WGC's statistics.