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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

FedNow Approved. Interoperability with private-sector ASAP

The Board of Governors of the Federal Reserve System (Board) has approved the FedNow Service.
The Federal Reserve is committed to using widely accepted standards in designing the FedNow Service to aid in accomplishing the key goals of achieving nationwide reach for instant payments and promoting interoperability with the existing private-sector service. To support these goals, the service will use the widely accepted ISO 20022 standard.
The Federal Reserve intends to launch the FedNow Service as soon as practicably possible. Although the target release date remains 2023 or 2024.
Sources:www.federalregister.gov, www.pymnts.com

IMF, World Bank annual meetings on economic development

The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the worlds poorest nations that is set to expire at year end.
The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October. The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.
The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
IMF to revalue its Special Drawing Rights (SDR) - the world's reserve currency waiting in the wings.
Sources:www.bloomberg.com, ahram.org.eg, gesara.news

Tesla BioHealing Beds

All living organisms have molecular cells have their own power plants that produce energy throughout its life called a nucleus. Every cell in every living organism holds the energy that it produces. As our bodies age these cells begin to lose their abilities to produce the same amount of power and many will begin to die. But what if you could recharge the power plants of your cells and give them new life to continue powering and repairing your body?
Sources:www.youtube.com, www.teslabiohealing.com

Corrupt Systems Implosion

Markets will have to absorb higher rates, and there is too much debt.
This is one of the best macro setups in history for Gold & Silver.
Precious metals will see dramatic wealth enhancement when inherently false & corrupt systems and currencies collapse under their own weight.
More money creation is just a masked form of bankruptcy in which default is "avoided" at the expense of the underlying currencies.
In such inevitable cycle-turns, the real advantage of precious metals will rest in their historical role as wealth preservation insurers.
The supply of these critical assets will make them harder to acquire.
The key, therefore, is to buy your insurance before rather than after the financial fire.
Source: youtube.com

Ripple XRP joins ISO 20022 The Global Payment Standard

Cross-border payments network Ripple (XRP) announced that it has become part of the ISO 20022 Standards Body, becoming its first member focused on distributed ledger technology (DLT). The new payment messaging standard is set to replace SWIFT MT messages as the standard format for cross-border and high-value payments.
Source:coinspeaker.com

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