Central banks are buying gold

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News Date: August 6, 2022

Central banks are buying gold to protect against the threat of a sovereign debt crisis.
Last week the World Gold Council noted that central banks bought 59 tonnes of gold in June.
For the first half of this year, central banks purchased 270 tonnes of gold.
The WGC noted that central banks bought 180 tonnes of gold in the second quarter.
Sources: kitco.com

Trump Touts Tariff Plan to Slash Income Taxes

President Donald Trump announced on April 27, 2025, that his tariff strategy will lead to significant income tax reductions, potentially eliminating taxes entirely for those earning under $200,000 annually. In a post on social media, Trump claimed the plan would create a “BONANZA FOR AMERICA,” with new factories and jobs already in motion, dubbing it the “EXTERNAL REVENUE SERVICE.” He also warned that reciprocal tariffs, paused for negotiations, could resume within weeks if trade deals falter. Meanwhile, World Bank Chief Ajay Banga urged developing nations to negotiate trade agreements with the U.S. to mitigate tariff impacts. Experts suggest China is softening its stance in the trade war, with Beijing exempting some U.S. goods from tariffs, signaling a potential shift in response to Trump’s aggressive strategy.

ZiG Enters Circulation

Zimbabwe introduced its new gold-backed currency, the ZiG, into general circulation on April 30th.
This move has been met with joy by Zimbabweans who have expressed relief at being able to withdraw ZiG notes and coins from banks for the first time.
While the currency was initially introduced electronically in early April, the availability of physical banknotes and coins marks a significant step forward for the transacting public.
Zimbabwe launched the gold-backed currency

Triangular spacecraft patent

A spacecraft having a triangular hull with vertical electrostatic line charges on each corner that produce a horizontal electric field parallel to the sides of the hull. This field, interacting with a plane wave emitted by antennas on the side of the hull, generates a force per volume combining both lift and propulsion.
Source:google.com/patent/US20060145019A1

Gold Standard imminent

The current fiat international monetary system is ending - unconventional monetary policy has entered a dead end street and can't reverse.
Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.
Sources:www.zerohedge.com

Ghana plans to buy oil with gold rather than dollars

Ghana working on a plan to buy oil with gold rather than the dollar.
Ghana's government is working on a new policy regime where gold will be used to buy oil products rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday.
Sources: reuters.com