China imports gold to revive an economy

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News Date: August 25, 2022

China's net gold imports via Hong Kong jumped to a nine-month high in July, data showed on Thursday, with banks snapping up bullion as Beijing works to revive an economy.
Net imports stood at 48.773 tons in July, compared with 40.563 tons in June.
Total gold imports via Hong Kong were up nearly 23.7 percent to 53.91 tons.
Source: reuters.com

United States and China are seeking debt relief measures

The United States and China are in frequent discussions to prevent emerging market sovereign defaults.
Talks include preemptive measures such as extending loan periods to ease the annual debt service burden of over US$400 billion for poor countries.
Ideas also involve increased financing from the World Bank and others to address high borrowing rates.
The aim is to implement these measures before countries default and enter formal restructuring talks with creditors.
The Treasury Department: "we talk frequently with China about sovereign debt concerns.
And we talk to many countries about how to make sure the international financial architecture is meeting low-income country financing needs".

Global Monetary System, As You Know It, Ended. Coming Gold Rush Will Be Epic

Cycle expert and financial analyst Bo Polny predicts that what is coming is a "Great Awakening." Polny explains, "Between May 31st and September 18th, that is expected to be a major world transition point where God's Hand is seen upon the earth. . . .We might want to call that time point the 'Great Awakening.' Somewhere in this time point, people are going to realize the lies, deceptions and what has been going on in this Earth, and there is going to be a mass awakening."
Source:usawatchdog.com

Banks in Big Trouble. Seismic events on the horizon

Banks are making desperate moves. Wells Fargo is shutting down all existing personal lines of credit in the coming weeks and no longer offers the product.
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to ten years.
But the increasing financialisation of commercial banking brings the risk of tying its future firmly to a financial bubble. And with price inflation on the increase, it is only a matter of very little time before that bubble bursts.
Sources: www.cnbc.com, www.goldmoney.com

Executive Order on Ordering the Selected Reserve of the Armed Forces to Active Duty

The Secretary of Defense is directed to order to active duty for not more than 365 consecutive days, any units, and any individual members not assigned to a unit organized to serve as a unit, of the Selected Reserve under the jurisdiction of the Secretary of Defense, not to exceed 200 Selected Reservists at any one time, as he considers necessary.
Source:whitehouse.gov

Declaration for Global Peace and Prosperity

The Declaration of the People of the United States for Global Peace and Prosperity was introduced today by Simon Parkes on his website.
The statement is about the QFS, RV, and Spiritual revolution. It has been written by the good guys of this planet.
Anyone should be interested to read it.
Sources: simonparkes.org