Gesara.news

Articles

More BRICS and Bretton Woods 3

Gesara.news » News » More BRICS and Bretton Woods 3

News Date: August 9, 2022

Expanding BRICS to create an alternative power bloc is enticing for many countries.
Talk of the BRICS nations creating a new reserve currency introduced the idea of 'Bretton Woods 3.0'.
The Bretton Woods Agreement was negotiated in July 1944 by delegates from 44 countries at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire.
Thus, the name 'Bretton Woods Agreement'.
Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar's value.
The Bretton Woods System effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.
Sources: investopedia

BRICS common currency

Russian FM says BRICS group to consider common currency.
Russia, Brazil, India, China, and South Africa may soon consider creating their own currency within the framework of the BRICS, FM Lavrov hints possibility during a visit to Angola.
Source: aa.com

Patent WO2020060606 cryptocurrency system using body activity data

Microsoft Patents New Cryptocurrency System Using Body Activity Data.
Patent number: WO2020060606
Microsoft is recently issued a patent for a device that is implanted under your skin that tracks your movements, allows for cashless payments, and even allows for medical tracking
Source:patentscope.wipo.int

USA Is Going Back To The Bill Of Rights And The Constitution

Conclusions of the Report of the Commission on Unalienable Rights:
1. It is urgent to vigorously champion human rights in foreign policy.
2. The power of example is enormous.
3. Human rights are universal and indivisible.
4. The universality and indivisibility of human rights do not mean uniformity in bringing them to life.
5. A degree of pluralism in respecting human rights does not imply cultural relativism.
6. Nation-states have some leeway to base their human rights policy on their own distinctive national traditions.
7. Although human rights are interdependent and indivisible, certain distinctions among them are inherent in the Universal Declaration itself, as well as in the positive law of human rights that follows from the UDHR.
8. Freedom, democracy, and human rights are indissolubly linked.
9. Social and economic rights are essential to a comprehensive foreign policy.
10. New claims of rights must be carefully considered.
11. National sovereignty is vital to securing human rights.
12. The seedbeds of human rights must be cultivated.
Full report: www.state.gov

Russia China will lead the world to gold standard

The process of fiat money collapse is currently underway and that gold, property and productive assets like manufacturing factories can be used to rebuild the economic system.
A combination of China and Russia would be the two countries that will lead us back to having a currency backed by precious metals.
China has multiples of what they report in gold reserves, that they probably got 20,000+ tons of gold reserves.
Russia is actually in a very-very good position: they have very low debt, they don't run large deficits, etc. They got a very large natural resource economy as well.
As a result, when the things come crashing down that the first two currencies that go to a gold backing are China and Russia.

Dollar standard rejected in the era of gold

Peter Schiff said he thinks we are about to see a gold bull market rivaling the 1970s because the world is going to reject the dollar standard and go back to a gold standard.
Ray Dalio:Within the next five years you could see a situation in which foreigners who have been lending money to the United States wont want to, and the dollar would not be as readily accepted for making purchases in the world as it is now.
Sources:twitter.com, www.zerohedge.com

← Go Back