Trump is enacting NESARA sections by executive orders
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News Date: August 6, 2020
Trump notified his staff to continue working on an Executive Order with respect to Payroll Tax Cut, Eviction Protections, Unemployment Extensions, and Student Loan Repayment Options.
If Democrats will not make a deal, President Donald Trump will pursue executive action in order to extend economic relief for the American people.
Payroll Tax Cut
Eviction Protections
Unemployment Extensions
Student Loan Repayment Options
Economic relief for American people
Sources:twitter.com/realDonaldTrump, twitter.com/WhiteHouse
China increased Russian gold import
Russian Gold Rerouted to China Amid Western Ban.China imported $108.8 million worth of Russian gold in July - a 750% increase from June and a 4,800% increase from the same month last year.
China may be just one of several important new destinations for Russian gold in Asia and the Middle East.
Source: themoscowtimes.com
Russia Proposes New Standard for precious metals market
Russia Proposes New Standard To break the London Bullion Market Association (LBMA) monopoly on gold.It is proposed to 'place a specialized international precious metals exchange headquartered in Moscow' using the 'new international standard MWS' as the 'basis of the structure.'
It is also proposed to establish a Price Fixing Committee.
Subject to the application of the MWS standard, it will include the central banks and the largest banks of the Eurasian Economic Union countries represented in the precious metals market.
According to the Russian department, it is necessary to 'bet on fixing prices in the national currencies of the key member countries, or on new units of international settlements, such as the new unit of settlements proposed by the president of Russia within the member countries of the BRICS organization.'
Sources: gata.org
Gold revaluation to write off the debt
The more debt is being accumulated on the balance sheets of European central banks, the more likely they will revalue gold to write off this debt.One possible solution is that central banks use unrealized gains of the gold on their balance sheet to write off sovereign bonds, providing debt relief to their governments.
Revaluing gold to write off bad debt would require central banks to set a floor price for gold.
If a central bank uses its revaluation account fully, the gold price ideally doesn't fall back or this central bank will incur unrealized losses.
As such, the central bank would need to stabilize the gold price, which is a form of a gold standard.
Source: substack.com
Global political, economic, and financial restructuring
BRICS summit to discuss restructuring global political, economic architecture: S. African official.A senior South African official said Tuesday that the BRICS summit to be hosted by the country this year will discuss how to restructure the global political, economic and financial architecture.
The 15th BRICS summit will take place this year in late August in South Africa's Durban.
Source: en.people.cn
Turkey, warehouse and bridge for metals trade to Russia
Turkey offers a warehouse and bridge for metals trade to Russia.Turkish metals sector to serve as 'warehouse and bridge,' the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey.
This comes after 5 of Turkey's banks adopted Russia's payment system and the country said it would look to ditch the dollar for Russian energy.
Sources: reuters.com


