De-Dollarization Trend boosting gold demand
Gesara.news » News » De-Dollarization Trend boosting gold demandNews Date: October 7, 2020
Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF).
BoA also said that no single currency stood out as having benefited from the process so far. Instead, many central banks have turned to gold, increasing their bullion holdings. Data show that central bank demand came in at 650.3 tons last year, just slightly below the 2018 record net purchases of 656.2 tons.
Experts point out that Russia and China, the two major countries that led the de-dollarization drive, will continue adding to their bullion holdings, cutting their respective share of the dollar, and even leading the world back to the gold standard.
The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries.
The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
A SDR is not a loan & is cost-free for all IMF members. Unlike an extended fund facility, the government does not have to request any arrangement & there is no repayment involved. All member countries can use their allocated SDRs unconditionally.
IMF urges wealthy nations to direct $650 billion SDR share to vulnerable countries.
Zimbabwe to use more than half of IMF funds to prop up the currency.
Sources: twitter.com, www.today.ng
King of Babylon Hammurabi codified a series of simple rules and regulations inspired by Samash the Sun god, by adopting previously existing edicts into new socio-economic realities.
These regulations inspired by divinity were etched in stone, and have influenced all modern law to this day.
It happens again in 2020. This is The big event!
Are we prepared to rewrite the laws of our society to better suit our ever-changing socio-economic and political realities? We better be. because I don't think we have a choice.
QUANTUM-LANGUAGE-PARSE-SYNTAX-GRAMMAR which was created by them to free the world rewriting the masonic books, the constitution, and other state documents in 18 days of government vacancy.
On October 10, 2000 at gunpoint and surrounded by Special Forces, President Bill Clinton, signed the NESARA bill into law, knowing full well that the Illuminati were in charge, and that this law was never to be enforced. No one wanted to enforce NESARA because this law required the physical and permanent removal from their government positions of all those who had committed treason, which included the US President, VP, Presidential Cabinet, all members of Congress, various government departmental heads, all fifty governors of the fifty states, judges and others.
At 10 am on September 11, 2001 NESARA was to be implemented. However, computers and data of the beneficiaries of the trillions of dollars in "Prosperity Funds" were destroyed on the second floor of one of the World Trade Center towers in New York City during the 9/11 attack. Bush orchestrated the September 11th attacks and the Iraq War as a distraction from NESARA.
To hide NESARA from public view and, thus, to prevent its enforcement by popular demand, the United States Supreme Court placed a gag order on all public officials, the United States military, law enforcement personnel, bankers, attorneys, judges, the media and anyone else, who knew about NESARA and, who might give information about NESARA to the public.
Gradually news of NESARA began to be leaked to the public. A plan was formed to forever delay the enforcement of NESARA. NESARA was embroiled in fictitious legal procedures and court orders by both the United States Supreme Court and the International Court of Justice. To discredit NESARA and spread misinformation a false website was set up by the SU Government under the direction of CIA/FBI personnel. Claims were made that there was no such law as NESARA, that it had no Congressional file number, no sponsors and was only a thought somewhere under consideration.
The public was told through the government that there never was such a bill, it was never acted upon, nor passed by Congress and that the president had never signed it.
Since October 10, 2000 we as a nation have been under our original Constitution of the Republic of the united States of America, but we have not realized it. We have also been under Common Law, but the courts have continued to destroy us with their military law.
Official website: yemfoundation.org/faq
Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the gold price, there is less price volatility compared to Bitcoin or other altcoins.
A guide to gold-backed cryptocurrency:
Also, Beijing announces a digital currency backed by gold: