A Dying Fiat System and Precious Metals

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News Date: February 2, 2022

With the Fed set to hike rates and kill QE, markets are in turmoil. The Fiat money System is dying.
Some bank analysts are forecasting seven hikes this year.
Gold is of course the world's ultimate asset.
The US mint sells five million silver eagle coins in January.
Silver is biding its time before taking off to the higher ground.
Source: fxstreet.com

Hong Kong to Become International Gold Trading Hub

John Lee, Chief Executive of the Hong Kong Special Administrative Region, announced plans to develop Hong Kong into an international gold trading center during his third policy address.
He emphasized that Hong Kong is already one of the largest gold import and export markets by volume.
Given the current geopolitical complexities, Lee highlighted Hong Kong's advantages in security and stability, making it an attractive location for gold investors.
This move is expected to boost related activities such as gold trading, settlement, and delivery.
"This will spur development of the related industry chain, ranging from investment transactions, derivatives, insurance, storage, to trading and logistic services," Lee said.

Australian PM plans tax cuts

Prime Minister Anthony Albanese has announced plans to introduce legislation next week, promising tax cuts for every Australian taxpayer.
He emphasizes the urgency of passing the legislation promptly to facilitate a smooth transition for both employers and the tax office.
"This is legislation which will give every taxpayer a tax cut and it should receive the support of every parliamentarian," he told ABC's Insiders on Sunday.

The Real Transfer No One Talks About

Those promoting a “great wealth transfer” 🌍💸 speak of opportunity, redistribution, and a coming shift of power. But rarely do they mention the hidden cost — the compromise, the alignment with systems that may demand more than participation. Scripture warns that in the last days, economic control and spiritual allegiance can intertwine (Revelation 13) ⚠️.
The Bible does speak about wealth shifting — “The wealth of the sinner is stored up for the righteous” (Proverbs 13:22). But this is not merely a financial event. It is part of a greater redemption story. It is not about material protection — it is about restoration and alignment with God’s justice.
Because the true treasure is not currency. “Do not store up for yourselves treasures on earth… but store up treasures in heaven” (Matthew 6:19-20) ✨. And again, “What does it profit a man to gain the whole world and forfeit his soul?” (Mark 8:36).
Our goal is not to secure a system — but to secure our salvation. Not to inherit temporary wealth — but to return home, to the Kingdom of Christ 👑🤍, where the real riches are eternal.
Let God handle the transfer. We focus on redemption.

Digital ruble in cooperation with the UAE

The Bank of Russia, led by First Deputy Governor Olga Skorobogatova, is collaborating with the UAE regulator to establish a cutting-edge system for fast payments and settlements.
This initiative, announced at the Finopolis forum, aims to utilize the digital ruble to streamline financial transactions for both individuals and businesses.
The partnership signifies a commitment to financial innovation and positions these institutions at the forefront of the evolving digital landscape.
The digital ruble is expected to enhance transaction efficiency, fostering financial inclusivity and exemplifying a proactive approach to the future of finance.
"We will work out the fast payment system because the colleagues are ready with the digital ruble and we are ready.
If we solve the issue of client identification, then I think we will be able to build up a normal system of payments for citizens and the business between the two our countries in a year at the least," she stated.

HSBC Launched Gold Tokens in Hong Kong

HSBC has introduced a novel opportunity for retail investors in Hong Kong by launching a gold investment option in the form of digital tokens.
Through its online banking service and app, customers can now purchase real gold using these tokens.
This initiative marks the first instance of HSBC utilizing its private distributed ledger for everyday investors, powered by its digital assets platform, Orion.
The platform enables the issuance and storage of digital assets such as bonds. The HSBC Gold Token, created through this platform, represents physical gold bars and can be traded through the bank's single-dealer platform, paving the way for retail products driven by the Orion platform.