Chinese, Russian payment systems consultations

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News Date: May 5, 2022

Chinese and Russian central banks to discuss the use of national payment systems.
The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing's envoy to Moscow told the TASS news agency in an interview published on Thursday.
Russian banks may issue cards with China as Visa, and Mastercard cut links.
The use of the Mir and China UnionPay national payment systems in both countries will be decided by the two sides' central banks at consultations.
Sources: reuters.com

A Dying Fiat System and Precious Metals

With the Fed set to hike rates and kill QE, markets are in turmoil. The Fiat money System is dying.
Some bank analysts are forecasting seven hikes this year.
Gold is of course the world's ultimate asset.
The US mint sells five million silver eagle coins in January.
Silver is biding its time before taking off to the higher ground.
Source: fxstreet.com

Governments resign worldwide. Fall of Empire

Amid OBAMAGATE is unleashed, governments worldwide are stepping down as their politics wobbles.
Angela Merkel stepped down and a messy race to succeed the chancellor after the upcoming election this September.
Dutch government resigns over child benefits scandal.
Estonia prime minister Juri Ratas resigns, Kaja Kallas asked to form the government.
Italy government in crisis as Renzi ministers resign.
Kuwait cabinet members resign amid a dispute with Parliament.
Updates soon. Stay Tuned.
Details: www.politico.com

High frequency gravitational wave generator Patent US10322827B2

The present invention is directed to a high frequency gravitational wave generator which includes a high frequency gravitational wave generator including a gas filled shell with an outer shell surface, microwave emitters, sound generators, and two acoustic vibration resonant gas-filled cavities.
Sources:patents.google.com

EU to Stockpile Critical Minerals Amid Rising Geopolitical Risks

🏆 July 5, 2025: The European Union is preparing to stockpile critical minerals to guard against supply chain shocks caused by escalating global tensions, according to a draft document seen by the Financial Times. The move reflects growing concern over a "deteriorating risk landscape," disruptions.
The draft, expected to be published next week, highlights the lack of a unified strategy on essential goods and calls for stronger crisis preparedness. This follows the EU’s March strategy urging member states to build reserves of key resources and for citizens to maintain emergency supplies for at least 72 hours.
🥇 June 11, 2025: The European Central Bank confirms: gold has now surpassed the euro to become the second most important reserve asset held by central banks worldwide. As global trust shifts, gold is proving once again to be the ultimate safe haven.
November 10, 2024: Europe is reportedly advancing toward a gold standard, potentially making gold a central component of its financial system.
This shift aims to stabilize economies amid inflation concerns, currency volatility, and growing distrust in fiat currency.
Central banks, particularly in Europe, are increasing gold reserves, signaling a shift in monetary policy.
This development could have major implications for global finance, impacting both currency markets and investment strategies.
Source: Moneymetals

The long awaited Gold Standard is here

Zimbabwe will start issuing digital currency next month that is backed by gold.
On May 8, the public will be able to purchase a digital currency backed by gold from Zimbabwe's central bank.
Additionally, RBZ introduced smaller gold coins in weights of tenths of an ounce, quarters of an ounce, and half of an ounce.
The smallest coin weighs just over 3.11 grams and costs US$188.48 or its equivalent in local currency at the interbank rate.