Gold revaluation to write off the debt
Gesara.news » News » Gold revaluation to write off the debtNews Date: February 17, 2022
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.
Judy Shelton for Fed board, return to the gold standardSenate banking panel to resume considering Judy Shelton for Fed board.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.
NESARA purposes in Donald Trump Inauguration SpeechMany NESARA Directions announced during Trump's Inauguration Speech, on January 20, 2017.
He referenced the power back to the People, Wealth, Technologies, Prosperity, Security and World Peace.
The day when The people became the rulers of their great nation again. The Big Dream started!
Panic! Donald Trump retweeted the Kraken descriptionLin Wood, the attorney of Donald Trump, tweeted On November 24 the post of The Marshall Report, describing what is the Kraken.
Shortly President Donald Trump retweeted this post.
In our previous post, you can find the whole article related to Kraken.
Kraken is a Department of Defense-run cyber warfare program.
Sources: twitter.com, gesara.news
Bank Of England: Cash Is TrashLast week the U.K. Bank of England raised interest rates to 1.75%.
This was meant to seem butch, but frankly 1.75% interest rates is historically the equivalent of zippo. The market didn't care much.
The 1 yen coin used to be gold, it is now aluminum.
The yen never recovered from its periods of inflation, but Japan's economy did and huge wealth was created, so in the end in periods of inflation, cash is trash.
A Dying Fiat System and Precious MetalsWith 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.