Argentina abolishes income tax

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Date: September 15, 2023

Argentina's government, ahead of a critical October 22nd election, has surprised many by announcing a tax exemption for millions of citizens, sparing them from income tax payments.
This move, amidst rampant inflation, directly contradicts Argentina's IMF deal, causing controversy.
It's seen as a political strategy to win favor in the election, but critics worry about its impact on fiscal responsibility and economic stability.
This decision underscores the intricate relationship between economic policy and politics in Argentina and raises questions about the nation's global financial reputation.

Developing the BRICS currency

BRICS Group Works On A New Form Of Currency, looking At Basing Financial Reserves On A Basket Of Their Own Currencies.
State Duma Deputy Chairman Alexander Babakov said Thursday the BRICS alliance is actively engaged in developing its own currency and is set to present its proposals at the upcoming summit in August.
Putin suggested a new global reserve currency backed by hard assets and BRICS countries accumulated a great amount of gold.

Vatican entities to move all funds to Vatican ASAP

Pope Francis instructs Vatican entities to move all funds to the Vatican bank by September 30.
Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.
The subject of the transfer are the institutions connected with the Holy See that are holders of financial assets and liquidity, in whatever form they are held.
Source: catholicnewsagency.com

Countries With Largest Gold Reserves. Philippines number one

What happened to the gold of our ancestors that has been transferred under the custody of Marcos Family?
Philippine Islands are "Riches Country in the World!" There are 950,000 metric tons of gold ( declared missing in the International Court of Justice in Hague) picked up by Yamashita from its European Ally, Hitler and another 250,000 metric tons of the Japanese loot around Southeast Asia are both now in the Philippines. Very few Filipinos knows this( Wall Street Journal, November 15,1985 issue wrote: "Two Thirds of all the gold in the world is in Philippines and One third is divided among the rest of the countries of the world")
During A TALK SHOW in a U.S. TV , the week following the bombing of the New York Twin Towers, President George Bush was asked this question: Which is the richest country in the world today? With a smile he said; "The Philippines." In a US TV interview as well with President Barrack Obama, in his "700 Billion USD stimulus funds" for US economy, he was asked a question where will he get the billion dollar substantial funds needed and quoted saying. "We have friends outside US who will support us".
The branded Yamashita Treasure was considered "booty". There were varied country claimants who are victims of the said WWII loots and these countries filed protest and claims after the war in the International Court of Justice. Though, there was a passage of law for thirty years starting 1946, that without a valid claim against it this "booty" it would belong to its new possessor. That would have been in 1976. However, the International Criminal Court (ICC) extended the deadline of the claims to 10 years up to 1986.
With the conspiracy of the International Banking Cartel, neither the ICJ denied the existence of these gold and claims. Sadly, Successive governments of the Philippines denied its existence and failed to acknowledged the gold. For almost 24 years, Information has been conspired to keep from being known to Filipino people.
Source:youtube.com

Rupee-Riyal trade, UPI payment system

India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system.
India and Saudi Arabia have discussed the possibility of starting a rupee-riyal trade as part of efforts to boost economic ties between the nations, the Indian government said in a statement on Monday.
Sources: indiatimes

Gold, Silver is value. Fiat currencies losing power

Peter Schiff: The End of the Dollar Standard!
The reason that governments don't like gold is probably for the same reason that kids don't like chaperones at the senior prom. Because the chaperones are there to keep the kids in line and prevent them from doing things they really shouldn't be doing. And that's really what gold does. It's kind of like a chaperone for government politicians because it keeps them honest. Because if you have real money, and government wants to spend money on programs, it needs to collect that money in taxes. And that generally puts a brake on a lot of programs because the public doesn't want to pay.
Gold stands in the way, because you can print paper out of thin air. But gold can't be printed into existence; it needs to be mined. And if we're on a gold standard, and gold is money, then the government needs real money. And since it doesn't have the ability to make it, it has to collect it in taxes before it can spend it back into circulation.
It's not just the dollar. It's fiat currencies around the world that are losing purchasing power as their central banks are conjuring them into existence at a rate that's far more rapid than the miners are pulling gold out of the ground. Gold's a good store of value. So is silver. Bitcoin - no. Because bitcoin doesn't have any value and you can't store what you don't have.
It's not like we're finally seeing it. We've been seeing it for decades now. The monetary expansion is inflation. And the Fed's been expanding the money supply - they've been inflating the money supply for a long time.
So, I think that if we had a more honest CPI, the effects of inflation would be more apparent.
The government is really basically dropping money from helicopters, and it's about to drop a lot more. And that's going to go right into consumer goods, and it's going to push up prices.
I think the dollar is going to fall for a long time.
A. There's nothing modern about it. It's not like they just discovered the printing press. Central banks have been destroying their currencies with a printing press for a long time.
But if it's already been disproven multiple times, it's really not a theory. It's a tragedy is what it is. So, the whole name doesn't even make sense.
If you're creating all this inflation, eventually it's going to lead to a big increase in money supply, and then by their own definition, they're going to have to withdraw all that money from circulation if they don't want it to become worthless. But it's easier said than done. Once you get everybody high on heroin, how do you take the heroin away without them going through withdrawal? That's what the Federal Reserve just found out - again - when they tried to normalize interest rates after keeping them at zero for so long. The markets started hemorrhaging. They went into withdrawal in the fourth quarter of 2018 and everything started falling apart. So, they had to go back to QE. They had to go back to rate cuts. They had to keep the addict juiced up.
It's the ultimate something for nothing.
Source:www.youtube.com