Central banks gold reserves switch

Gesara.news » News » Central banks gold reserves switch

Share via:

News Date: March 11, 2022

The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won't let inflation run too hot, even if it means slower growth.
In commodities, the upside potential in gold is more than just a safe haven hedge, as the rising geopolitical tensions and the latest sanctions imposed on the Russian central bank will bring the central banks around the world to reconsider their FX holdings, and start shifting towards a nationless gold.
Source: youtube.com

WH fires 9 Defense Business Board members, installs loyalists

Martial law incoming? The White House purge of Pentagon continues.
The White House removed nine members of the Pentagon Defense Business Board on Friday and installed people loyal to President Donald Trump in their place, including presidential allies Corey Lewandowski and David Bossie.
Sources: www.politico.com, www.resignation.info

De-dollarization movement started

Russian Foreign Minister Sergey Lavrov has expressed confidence in the ongoing momentum toward the de-dollarization of the global economy, a movement supported by several nations.
Officials from Iran, Venezuela, and Ethiopia have shown a willingness to adopt Russia's Mir payment system without hesitation.
Moreover, these countries envision a seamless transition toward their de-dollarization objectives in the foreseeable future, as indicated by their respective officials.
'De-dollarization has begun, both in practice and in conceptual speeches', Lavrov stated during the latest assembly of Russia's Council on Foreign and Defense Policy think tank.

Treasury Secretary Bessent urges full Fed review, seeks to strip its power

Treasury Secretary Scott Bessent calls for a full, independent review of the Federal Reserve 🏦 — aiming to reclaim control and limit bond-buying programs to real crises only ⚡.
🔹 Fed criticized for “mission creep” and “institutional bloat”
🔹 Banking supervision could be shifted to other agencies
🔹 Markets may face volatility 📉, borrowing costs could rise 💵
💡 What this means:
The dollar’s dominance may be challenged, the Fed’s independence questioned, and a historic shake-up could be coming 🌍.

Corrupt Systems Implosion

Markets will have to absorb higher rates, and there is too much debt.
This is one of the best macro setups in history for Gold & Silver.
Precious metals will see dramatic wealth enhancement when inherently false & corrupt systems and currencies collapse under their own weight.
More money creation is just a masked form of bankruptcy in which default is "avoided" at the expense of the underlying currencies.
In such inevitable cycle-turns, the real advantage of precious metals will rest in their historical role as wealth preservation insurers.
The supply of these critical assets will make them harder to acquire.
The key, therefore, is to buy your insurance before rather than after the financial fire.
Source: youtube.com

SpaceX Developing Military Version Of Starlink Satellites

Elon Musk's SpaceX is expanding its Starlink satellite technology into military applications with a new business line called Starshield.
"While Starlink is designed for consumer and commercial use, Starshield is designed for government use," the company wrote on its website.
SpaceX's ongoing work with the Department of Defense and other partners demonstrates our ability to provide in-space and on-ground capability at scale.
Sources: theepochtimes