Egypt is expected to join BRICS

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News Date: August 30, 2022

Egypt plans to issue yuan-denominated bonds worth more than $500 million - Finance Minister Mohamed Maait.
Russia is negotiating the use of Mir payment card with several countries, including Egypt.
There are reports of Egypt preparing apps to join BRICS.
The president of the BRICS International Forum expects Turkey, Egypt, and Saudi Arabia to join the group "very soon".
Source: reuters.com

Central bankers are losing the war on gold

The central bankers, Wall Street - the usual suspects - they are losing this war on gold as they have done in the 1960s, Middelkoop told the Keiser Report.
The year the author was referring to is when the London Gold Pool existed. The group was comprised of several central banks, which dumped their gold reserves to keep bullion price at $35 per troy ounce. Middelkoop says that now we can see the second London Gold Pool is failing.

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

Vance Backs Trump on Fed Influence

Senator JD Vance, R-Ohio, who is former President Trump's vice presidential nominee, expressed support for Trump's idea that U.S. presidents should have a say in the Federal Reserve's monetary policy decisions, including interest rate changes.
In an interview on CNN's "State of the Union," Vance agreed with Trump, arguing that such decisions should involve America's elected leaders and not be left solely to the independent Federal Reserve.
Vance acknowledged that this would mark a significant shift from the traditional approach, where the Fed operates independently of political influence, but emphasized that Trump is advocating for greater political input, not direct control, over monetary policy.

Delaware Supreme Court finds vote by mail, same-day registration unconstitutional

The Delaware Supreme Court on Friday struck down recent vote-by-mail and same-day voter registration legislation, overturning a signature achievement by Gov. John Carney and Democrat lawmakers.
Sources: yahoo

Fed policies will be rocket fuel for gold and silver

Fed policies that are coming soon on inflation, and interest rate suppression will be rocket fuel for gold and silver. And gold and silver are just getting started. If Bitcoin is $10,000 per unit, why cannot gold be $5,000, $10,000 or $15,000 per ounce? With the amount of dollars out there, it could easily be $5,000 or $8,000 per ounce, and that is where it is headed. The bond market will eventually collapse, but the biggest collapse coming is the faith in all fiat currencies.
Sources:usawatchdog.com