Gold revaluation to write off the debt

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News 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.
Source: substack.com

BRICS Common Currency report

The planned BRICS cross-border currency is an important step in challenging the dominance of the U.S. dollar, according to Zhou Yu, director of international finance Research at the Shanghai Academy of Social Sciences, revealed a recent report from China's Global Times.
Zhou states that the recent moves to support local currency settlement have given the BRICS countries a competitive advantage in reducing the dominance of the dollar in international trade.
Iran, Argentina, Saudi Arabia, Turkey, and Egypt are among the potential countries to join and adopt the BRICS currency in 2023.

Time for martial law?

Lin Wood And Sidney Powell Urges Trump to Declare Martial Law and Hold New Elections;
Michael Flynn, Newly Pardoned, Calls for Trump to Temporarily Suspend the Constitution and Impose Martial Law;
WTPC Calls for Trump to Declare Limited Martial Law;
General McInerney talks Insurrection Act.
The Insurrection Act of 1807 allows the president to deploy U.S. troops domestically in extremely rare cases.
Sources: www.lacortenews.com, www.mediaite.com, www.youtube.com

Elon Musk: End The Fed

April 30, 2025: Elon Musk has called for a thorough investigation into the Federal Reserve's $2.5 billion renovation of its Washington, D.C. headquarters. He emphasized the need for transparency and accountability in all government spending, including that of the Federal Reserve.
March 31, 2025: Elon Musk rallied in Green Bay to back the Republican candidate in Wisconsin's state Supreme Court race. The billionaire handed out $1 million checks to voters following the court's decision not to intervene in the matter. Musk also seized the moment to promote DOGE, his proposed Department of Government Efficiency, slamming excessive government spending that he claims outpaces revenue. Calling to "end the Fed," Musk criticized the Federal Reserve, earning enthusiastic applause from the crowd.

BRICS Confirms the Gold Standard

At the upcoming BRICS summit in October in Kazan, tools for an inclusive international financial system will be discussed, according to Andrey Mikhailishin, head of the financial services task force of the BRICS Business Council, in a statement to TASS.
Key projects include a common unit of account (Unit), a platform for international digital currency settlements (Bridge), a payment system (Pay), a settlement depository (Clear), an insurance system (Insurance), and a rating alliance.
The new system aims to decentralize international cooperation and leverage digital technologies.
The Unit will be linked 40% to gold and 60% to a basket of BRICS national currencies, addressing exchange rate volatility.

All Joint Chiefs of Staff appointed by Trump still in position

Every current member of the Joint Chiefs of Staff was appointed by Trump during his time in office.
Still here.
Not one has been removed in the new administration.
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Sources: wikipedia.org, twitter.com