Danske Bank forgives debts for 90,000 customers
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News Date: September 8, 2022
Danske Bank AS said that 90,000 Danish customers that owe the bank money will have their debt balance wiped clean after discovering errors in the bank's debt-collection systems.
The Copenhagen-based bank became aware of systemic errors in its debt-collection systems in 2019 and has been working to correct past mistakes and compensate affected customers, but as remediation has progressed new issues have emerged, extending the timeline for resolution potentially beyond 2024.
Sources: marketwatch.com
More BRICS and Bretton Woods 3
Expanding BRICS to create an alternative power bloc is enticing for many countries.Talk of the BRICS nations creating a new reserve currency introduced the idea of 'Bretton Woods 3.0'.
The Bretton Woods Agreement was negotiated in July 1944 by delegates from 44 countries at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire.
Thus, the name 'Bretton Woods Agreement'.
Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar's value.
The Bretton Woods System effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.
Sources: investopedia
President Trump RV hints at Rose Garden news conference
RV stands for both ReValuation(Global Currency Reset) or Recreational Vehicle.Donald Trump made a strange remark in a Rose Garden news conference on Friday revealing he wants to drive around town in an RV, back to New York, with the First Lady.
Source:youtube.com
The IRS owned America, including the people
The below documents are a lien against America: all land, all real estate and each and every American.This lien claims a debt value of $14.3 quadrillion; that's 14,300 trillion dollars.
A lien means that until the debt is paid, the IRS owns America, including the people.
Actually, the IRS is just the holder in due course for the BANK OF INTERNATIONAL SETTLEMENTS(BIS) which is located in Basel, Switzerland.
As the holder in due course, the IRS retains the right to enforce the claim and debt collection.
This UCC financing Statement names the "First Debtor" as The Federal Reserve System.
The U.S. Department of Defense is listed as the debtor's exact legal name.
The North American Water and Power Alliance is shown as the "Assignor".
Source:stateofthenation2012.com
Coin shortage hits retailers, laundromats, tooth fairy
The national coin shortage has been an unusual side effect of the pandemic. Among its victims? Retailers, laundromats and even the tooth fairy.Retailers large and small have urged shoppers to use cards or exact change whenever possible.
As the shortage persists, it's become clear that there are still some conundrums that only coins can solve.
Source:www.foxbusiness.com
Russia invites Iraq to join BRICS
The Russian ambassador in Baghdad Elbrus Kutrashev invites Iraq to join BRICS.He expressed personal ties to the country. Russia pledges support and dismisses any agenda against the U.S.
He recalls Iraq's resistance to American occupation and clarifies Russian companies' interest in Iraq as commercial expansion, not filling voids.
The ambassador denies plans to send Russian forces, emphasizing it's not Russia's approach but the U.S.'s.
Additionally, he mentions Iraq's role in mediating conflicts and affirms Russia's readiness for a solution.