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The End of the Dollar Empire

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News Date: September 7, 2022

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

RippleNet Listed as Direct Alternative to SWIFT

RippleNet Listed as Direct Alternative to SWIFT by Arab Monetary Fund Group.
Arab Regional Fintech Group report, "Central Bank Digital Currencies: A Practical Guide for Arab Central Banks."
Mentions Ripple as an alternative system in two places.
The paper also specifically named Ripple XRP as a unique cryptocurrency insofar as it was one of the first "designed primarily for payments," in contrast to most crypto assets which were labeled as "speculative" stores of value.
Including a direct link to Ripple's "Future of CBDC" report, the advisory paper clearly sees Ripple as having a serious role to play in the future blockchain-based, global financial infrastructure.
Source: www.amf.org.ae

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

Congressional Sound Money Caucus

As you can see, the supply of dollars has gone up dramatically, really since the gold standard ended in 1971. It is a gradual slope.
But if you see since the recession, it has been aggressive. And then, obviously, here, this year, it has been nearly vertical.
The value of the dollar is critical. That is the store of value for all Americans.
According to Congressman Davidson's office, the caucus exists to promote sound fiscal and monetary policy in the United States with the goal of preserving the purchasing power of the U.S. Federal Reserve Note.
Source:www.congress.gov

The American Bankers Association confirmed ISO20022 migration

The American Bankers Association has confirmed to the Federal Reserve on Monday that it supports a plan to migrate to ISO20022 on a single day but said it has "serious concern" regarding the lack of detail about the plan.
They recommend that the Board and Reserve Banks provide test accounts for financial institutions to use during this process.
They also recommend The Board and Reserve Banks provide the detailed and final ISO standard for their messages on the SWIFT MyStandards site as soon as possible.
Source: www.aba.com

Digital Currency Backed by Gold Bill in Texas

Texas Lawmakers Introduce Bills to Create Digital Currency Backed by Gold.
The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust as provided by this chapter.
Source: capitol.texas.gov

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