Economists Discuss Russia, China Developing Gold-Backed Currency

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Date: November 11, 2022

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar.
Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold.
Sources: news.bitcoin

The largest tax and regulation cuts in history

Donald Trump: With your help, we carried out the largest tax and regulation cuts, by far, in American history. And they now want to quadruple tax us, and they want to quadruple, and beyond, the regulation cuts. And when we say "tax" and we say "regulation" and you say, Oh, tax cuts. That's so wonderful, - but the people in this room that are the heads of industry - you have some very powerful people in this room - they know that the regulation cuts may have been even more important than the biggest tax cuts we've ever had.
Source:twitter.com/WhiteHouse

Global currency debasement

Economy hits debt saturation point. Global economy has no capacity to carry any more debt - Max Keiser.
The new higher levels of debt that many countries are now moving towards are going to be sustainable without imposing significant costs on growth as well as equity within their societies.
Every dollar that these central banks print will go directly into consumer price index inflation - and you will see it at the cash register immediately, and that is going to incredible social unrest.
Global debt to GDP is now at all-time high in Q1. Overall debt for the non financial-sector now worth 252% of global GDP.
Get ready for extreme global currency debasement.
Sources:twitter.com/GoldTelegraph, cointelegraph.com

US treasury dollar on the US Debt Clock

No more federal reserve note on USDebtClock.org. Now called US treasury dollar.
The U.S. Debt Clock no longer shows the Federal Reserve Note.
It's now three U.S. Treasury Dollar. Dollar to gold ratio and Dollar to silver ratio is still zero.

Starlink is awesome for RV

Elon Musk's recent comment on Twitter:
Starlink is awesome for RV's, camping or any activity away from cities...
RV stands for Recreational Vehicle.
RV also stands for the Revaluation of currencies.
Ironically, Donald Trump made RV hints in a Rose Garden news conference in 2020, revealing he wants to drive around town in an RV, back to New York, with the First Lady, cracking jokes after forgetting what an RV is.
Sources: twitter.com, youtube.com

Saudi Arabia Open to Talks on Trade in Currencies Besides Dollar

Saudi Arabia, the world's largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of Finance, Mohammed Al-Jadaan, told Bloomberg TV in an interview in Davos on Tuesday.
Source: bloomberg