Central banks gold reserves switch

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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

H.R.5404, a bill to define the dollar as a fixed weight of gold

H.R. 5404 is a bill introduced by Rep. Alex Mooney (R-WV2) that would bring the U.S. back to the gold standard once and for all. It would take effect exactly 30 months after the bill was passed, to allow an adjustment period in the American economy. Interestingly for a Republican-introduced bill, if the bill was enacted any time after July 2018, that 30-month window would come under the administration of the 2020 election.
Source:congress.gov

Fiat destruction. Crypto or gold?

The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com

Quantum computing development

Researchers hope to create large-scale quantum computers within a decade.
Researchers at Japan Riken Center for Emergent Matter Science have achieved a major step forward in increasing the scalability of quantum computers.
Instead of simply incrementing the total qubits in a system, the researchers have demonstrated a triple-qubit, silicon-based quantum computing mechanism.
Another huge quantum computing breakthrough: New 100-qubit processor is built with atoms cooled down near to absolute zero.
By cooling atoms down to near absolute zero and then controlling them with lasers, a company has successfully created a 100-qubit quantum processor that compares to the systems developed by leading quantum players to date.
Sources: www.techradar.com, www.zdnet.com

G-20 Plans Extraordinary Meeting to Discuss Debt Relief

Finance ministers and central bankers from the worlds largest economies plan to hold an extraordinary meeting on November 13 to discuss bolder action to help poor nations struggling to repay their debts.
The meeting could mark the next phase in the global debt-relief drive-by bolstering coordination between government creditors over how to restructure the debts of poor economies hit hard by the coronavirus pandemic.
Sources: finance.yahoo.com

Trump: Wonderful future lies ahead

President Donald Trump issued a Thanksgiving Day message:
A very interesting time in our Country, but do not worry, we will be great again-and we will all do it together.
America will never fail, and we will never allow it to go in the wrong direction.
Too many generations of greatness are counting on us.
Enjoy your Thanksgiving knowing that a wonderful future lies ahead!
Source: t.me/real_DonaldJTrump