The American Bankers Association confirmed ISO20022 migration

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News Date: January 6, 2022

The American Bankers Association has confirmed to the Federal Reserve on Monday that it supports a plan to migrate to ISO20022 on a single day but said it has "serious concern" regarding the lack of detail about the plan.
They recommend that the Board and Reserve Banks provide test accounts for financial institutions to use during this process.
They also recommend The Board and Reserve Banks provide the detailed and final ISO standard for their messages on the SWIFT MyStandards site as soon as possible.
Source: www.aba.com

Gold's Central Bank Buying and Possible Revaluation

Jim Grant is writing about Gold again: The press infatuation with pronouncing Gold dead, Central Bank purchases and history, Gold's performance in 2022 as inflation hedge (not so good), the potential for European Central Bank revaluations.
Also, The Governor of the Dutch central bank stated the gold revaluation account ensures the solvency of his central bank in an interview on television about prospective losses.
Sources: vblgoldfix, gesara.news

PayPal, Venmo to Roll Out Crypto Buying and Selling

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Source:coindesk.com

Corrupt Systems Implosion

Markets will have to absorb higher rates, and there is too much debt.
This is one of the best macro setups in history for Gold & Silver.
Precious metals will see dramatic wealth enhancement when inherently false & corrupt systems and currencies collapse under their own weight.
More money creation is just a masked form of bankruptcy in which default is "avoided" at the expense of the underlying currencies.
In such inevitable cycle-turns, the real advantage of precious metals will rest in their historical role as wealth preservation insurers.
The supply of these critical assets will make them harder to acquire.
The key, therefore, is to buy your insurance before rather than after the financial fire.
Source: youtube.com

China is closer to the gold standard

Update from November 1st:
China Securities Index Co launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal.
The new indexes include shares of global gold miners such as Newmont Corporation and Barrick Gold.
In response to Western responses to military conflicts, Chinese government-affiliated researchers are considering several strategies for China.
One is the issuance of gold-denominated bonds, supported by gold reserves, which would bolster economic resilience and establish China as a stable global player.
Another approach involves creating a global network of Chinese companies to diversify trade relationships and reduce vulnerability to sanctions.
Additionally, seizing American assets within China is seen as a retaliatory measure to protect Chinese interests and discourage unilateral actions by the U.S.
These strategies reported through Reuters collectively aim to ensure China's economic stability and global influence in an evolving geopolitical landscape.

What is the Rainbow Currency?

A rainbow currency is the real value!
The rainbow currency originates in NESARA law section 10:
Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.
A Rainbow Currency backed by precious metals has value unlike the actual US Dollar with no real support.
Sources:NESARA law, New Design