A new global financial system

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News Date: September 5, 2022

An economist predicts the emergence of a new global financial system.
The Russian economist, Anton Tabagh, said that the current system of monetary relations and trade settlements has been in crisis for a long time, but the recent geopolitical events may take another dimension and form.
The economist expressed confidence that the new system is in the process of taking shape.
Sources: search4dinar

The "Golden Age" Study Launched

Trump-backed candidate for Florida's 1st Congressional District, Jimmy Patronis, is advocating for Florida to adopt gold and silver as legal tender.
This aligns perfectly with Donald Trump's recent statement that "the golden age of America has already begun."
Notably, Trump resides at his private Mar-a-Lago estate in Palm Beach, Florida, further underscoring the symbolic connection between his vision for a "golden age" and Florida's potential embrace of precious metals.
"Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender.
I'm launching this study to determine the best way to get it done," Patronis stated in a press release this week.

BRICS Alternatives to SWIFT

BRICS is the acronym denoting the emerging national economies of Brazil, Russia, India, China, and South Africa.
It is a growing eastern world alliance led by China.
In another effort to reduce their dependence on the US dollar, BRICS members have been building their own global payment infrastructures for international transactions that are independent of the US dollar and can serve as alternatives to SWIFT, the leading messaging network for financial transactions worldwide.
This allows BRICS members, especially those who are often subjects of US sanctions, to create their own rules for international banking and settlement. Moreover, by extending alternative financial infrastructure to other countries and regions, BRICS can create greater buy-in for their own system and increase their financial and political influence through this alternative system.
Some BRICS members have independently developed their own cross-border payment mechanisms in recent years.
Both Russia and China have launched their national alternatives to the SWIFT global banking network and introduced their systems to broader global markets. Source: www.cambridge.org

Gold is the future as inflation coming in hot

Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is transitory. It appears most of the mainstream is buying this hook line and sinker.
The collapse of fiat currencies will demolish the state theory of money, and not for the first time. Irrespective of how long it takes, the rapid loss of fiat currencies purchasing power means that governments will no longer be able to finance their obligations. There will, therefore, come a point where fiat money must be abandoned in the search for monetary stability. The demise of fiat is the demise of state money and the function of its replacement will be to restore public trust.
The replacement money can only be based on something in governments possession. And either in their treasury departments or central banks, other than each others fiat they only possess gold in their monetary reserves.
Sources: kingworldnews.com, schiffgold.com

Trump is meeting with an ex-bank CEO

Donald Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard. Trump met with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
Source:Businessinsider.com

The End of the Dollar Empire

Gazprom says it has signed a deal for China to pay for Russian gas in national currencies.
Russia's Gazprom said on Tuesday it had signed an agreement to start switching payments for Russia's gas supplies to China to yuan and roubles instead of dollars.
Sources: reuters.com