Danske Bank forgives debts for 90,000 customers
Gesara.news » News » Danske Bank forgives debts for 90,000 customersNews 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.
The incident triggered heated discussions, as Chinese leader Xi Jinping mentioned a black swan earlier this year.
On August 17th Palantir purchased gold bars as a hedge against a black swan event.
Also, Sunday 5 September: 150th Anniversary of the 1871 Act Of England. Check out Chapter 11 Washington D.C filing for Bankruptcy. Everything from 1871 is branded Illegitimate/ Illegal.
The President of the Trade House of Pakistan Association Zahid Ali Khan said on Tuesday: replacing the US dollar with Russian rubles and Chinese yuan is a potential plan Pakistan is considering.
The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining.
According to a report by the Central Bank of Russia, the nation's central bank gold holdings surpassed its dollar reserves for the first time in its history, with gold making up 23% of total reserves as of the end of June and dollar assets dropping to 22%.
Since sound money must be scarce, fiat money can never be sound since unlimited amounts can be and have been created. One of the very important features of gold is that it is scarce. The total global gold stock only increases by 1.7% or 3,000 tones per annum.
So scarcity is one of the important reasons why gold is the only currency that has survived in history.