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.
"We are deploying every tool, resource, and power at our disposal to protect our seniors and Americans of every age and background."
NESARA Section 5: Increases benefits to senior citizens.
Global cooperation, dealing with other countries, getting along with other countries is good, it's very important. But there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I'm representing.
We used to have a very, very solid country because it was based on a gold standard.
Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We'd have a standard on which to base our money.
It is simply false to claim that the gold standard was a source of perpetual economic chaos, and that we are better off today without it. All things considered, the gold standard is "superior in some respects and no worse in others." Rather than a "barbarous relic," as John Maynard Keynes famously called it, the gold standard is an instrument for economic harmony and civilized commercial relations.
The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October. The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.
The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
IMF to revalue its Special Drawing Rights (SDR) - the world's reserve currency waiting in the wings.
Sources:www.bloomberg.com, ahram.org.eg, gesara.news