Central banks chiefs out

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News Date: October 20, 2021

With Angela Merkel on her way out as Chancellor, her former chief economic advisor, Jens Weidmann, announced plans to step down at the end of the year as head of Germany's Bundesbank after a decade at the helm of the national central bank.
Dallas Fed President Kaplan and Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Former Iranian Central Bank Chief Handed 10-Year Prison Sentence.
Slovakia's central bank chief and European Central Bank governing council member Peter Kazimir has been charged with corruption.
Philippine central bank Governor Benjamin Diokno said he is with "team transitory" and that it is more prudent for the country to delay monetary tightening.
The Turkish lira hit a record low overnight after President Recep Tayyip Erdogan ordered a new round of dismissals at the country's central bank.
So, central bank are starting to worry. They were wrong about inflation because they were wrong about supply chains, and they were perhaps wrong about labor markets, which they had just taken years to learn had no serious bargaining power.
To be continued... Stay Tuned!.
Sources: www.cnbc.com ,gesara.news

Gold Standard Act Approved on March 14, 1900

President McKinley signs Gold Standard Act, March 14, 1900.
122 years ago today, President William McKinley signed the Gold Standard Act, which established gold as the sole basis for redeeming paper currency.
The act halted the practice of bimetallism, which had allowed silver to also serve as a monetary standard.
It set the value of gold at $20.67 an ounce and valued the dollar at 25.8 grains of gold.
The act guaranteed that the government would redeem any amount of paper money for its value in gold, and it meant that transactions no longer had to be done with heavy gold bullion or coins because the paper currency had a guaranteed value tied to something real.
Source: www.thebalance.com

GESARA cryptocurrency? Your Everyday Money - YEM and Digital Yuan on blockchain

Diving into what is Rainbow Currency, I have just found SOMETHING HUGE IS COMING!
Is this NESARA/GESARA currency specified in the act?
"Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals..."(NESARA section 10)
The Rainbow Currency (Trading Symbol YEM) has been created late 2017 by more than 3,700 Internet users from 157 different countries. First launched on the public Ethereum blockchain, Rainbow Currency moved in August 2018 to a private blockchain called TwnklChain.
Official websites: rainbowcurrency.com
yemfoundation.org
The symbol looks similar to China's Digital Yuan, already launched.
YEM stands for Your Everyday Money.
At this moment YEM is ranked at the 4th level on market under Bitcoin.
Rank:cryptorank.online/market
Exchanger:cryptocoin.house

VISA & Currencycloud with Ripple on cross-border payments

Currencycloud to focus on new territories currently under-represented for SMEs, to make global movement of money more efficient.
Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, announced a partnership with Ripple, the enterprise blockchain solution for global payments. RippleNet, Ripple's global financial payments network, makes it easy for its diverse network of financial institutions worldwide to enable faster, lower-cost payments around the world.
Visa partner Currencycloud is now working with Ripple to expand their business-to-business cross-border payments platform.
Sources:dailyhodl.com, www.currencycloud.com

National coin shortage

US is experiencing a national coin shortage in several states as an excuse to COVID-19 pandemic.
Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.
Source:twitter.com

Gold rises despite global stocks tumble

Gold head higher on Monday, as global markets face significant declines.
Gold Experts have already pointed out that the gold price will rise in the long term.
Inflation, government debt, and negative real interest rates are the main reasons for the rising of gold prices.
The world will finally realize why Gold and Silver were always the answer to prosperity.
Everything paper will take massive haircuts in the near future while Gold and Silver rise to new heights.