Bank Collapse In China! Preparing For Cut Off From SWIFT
Gesara.news » News » Bank Collapse In China! Preparing For Cut Off From SWIFTNews Date: July 13, 2020
Chinese banks will be sanctioned by the United States and this means that they will be cut from accessing some privileges in the financial world.
If China will be cut out of the SWIFT or denied access to US dollars, bank runs will be the new normal in China and the Chinese economy will suffer permanent damage.
John Pierpont Morgan: Money is gold, and nothing else.
The peak gold production is already here. There are no new goldfields of any significance waiting to be discovered.
As confidence in the dollar erodes due to Fed money printing and congressional super-deficits, investors gradually look for alternative stores of wealth, including gold. The time to go for the gold is now.
Sources:www.zerohedge.com, www.silverdoctors.com, www.zerohedge.com
Targeting fake news and the US presidential elections, Trump and others have attacked Section 230, saying it has given companies too much legal protection, allowing them to escape unscathed.
Sources: twitter.com, opoyi.com
Financial institutions could potentially use these digital assets for a wide range of use cases, including payments, lending, clearing and settlement, trading and treasury management.
Arca Labs, chose the Ethereum blockchain, one of the largest public blockchains, launching so-called digital securities ArCoin, which uses the ERC-1404 protocol.
Sources: twitter.com, search4dinar.wordpress.com
It seems like today's national leaders are gradually reaching a consensus about how the world's monetary system should be structured. They are getting ready to return to a gold standard system.