Gold is the future as inflation coming in hot

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News Date: April 16, 2021

Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is transitory. It appears most of the mainstream is buying this hook line and sinker.
The collapse of fiat currencies will demolish the state theory of money, and not for the first time. Irrespective of how long it takes, the rapid loss of fiat currencies purchasing power means that governments will no longer be able to finance their obligations. There will, therefore, come a point where fiat money must be abandoned in the search for monetary stability. The demise of fiat is the demise of state money and the function of its replacement will be to restore public trust.
The replacement money can only be based on something in governments possession. And either in their treasury departments or central banks, other than each others fiat they only possess gold in their monetary reserves.
Sources: kingworldnews.com, schiffgold.com

Gold price up as Fed begins historic ETF purchase program

The US central bank (FED) began purchasing ETFs holding corporate bonds for the first time ever Tuesday as part of its pandemic rescue package.
Such injections into the economy have generally lifted investor demand for safe-haven assets like the precious metal as fears of inflation and currency debasement grow.
Source:mining.com

Central banks are buying gold

Central banks are buying gold to protect against the threat of a sovereign debt crisis.
Last week the World Gold Council noted that central banks bought 59 tonnes of gold in June.
For the first half of this year, central banks purchased 270 tonnes of gold.
The WGC noted that central banks bought 180 tonnes of gold in the second quarter.
Sources: kitco.com

Zimbabwe launched the gold-backed currency

Zimbabwe has decided to replace its struggling local currency with a new one backed by gold and foreign currencies in an effort to stabilize its economy and combat inflation.
The country reintroduced its own currency in 2019 after a period of dollarization, but it failed to gain public trust, with over 80% of transactions now conducted in foreign currency.
The new currency, named Zimbabwe Gold (ZiG), will circulate alongside other foreign currencies.
The exchange rate for ZiG will be determined by the closing interbank exchange rate on April 5 and the London PM Fix price of gold on April 4.
The Reserve Bank of Zimbabwe described the new currency as "structured," backed by a combination of foreign currency and precious metals, primarily gold, held as reserves by the central bank.
"If we implement these measures, we expect them to have an impact on inflation," central bank governor John Mushayavanhu told reporters.

The dawn of the no-tax era?

On Tax Day, bold ideas are making waves:
Trump suggested tariffs could replace income tax and promised, “The USA will PROTECT OUR FARMERS!”
Congressman Byron Donalds echoed reform, calling to repeal the 16th Amendment and follow Florida’s no-income-tax model.
Interestingly, the roots of tax reform trace back to NESARA, first proposed by visionary farmers.
Meanwhile, the IRS CIO just resigned, the agency plans to cut 40% of its workforce, and many Americans are still eligible for $1,400 stimulus checks.

Musk: This partnership can unlock a Star Trek future

In a landmark move, U.S. President Donald Trump signed a “Strategic Economic Partnership” with Saudi Arabia on May 13, 2025, securing $600 billion in investments across AI, technology, energy, and defense. The agreement, signed with Crown Prince Mohammed bin Salman in Riyadh, marks a pivotal step in deepening the 80-year U.S.-Saudi alliance, with ambitions to scale investments to $1 trillion over four years.
The deal includes a $142 billion defense package, the largest in U.S. history, bolstering Saudi military capabilities with advanced U.S. equipment. Additionally, $20 billion from DataVolt will fund AI infrastructure, while $80 billion in joint tech ventures signals a shift toward innovation-driven economies. Saudi Arabia’s Vision 2030, aimed at diversifying from oil, aligns with these investments, particularly in AI and tech.
American business titans, including Tesla’s Elon Musk, OpenAI’s Sam Altman, and BlackRock’s Larry Fink, joined Trump at the Saudi royal court, underscoring the deal’s economic weight. The Saudi-U.S. Investment Forum, where Musk spoke, highlighted transformative technologies like Tesla’s Optimus robots and autonomous robo-taxis.
Musk concluded his speech with optimism: “I’m very excited about the future and very glad to be here. This partnership can unlock a world of prosperity, where humanoid robots and AI drive unprecedented economic growth, potentially creating a universal high-income society. Together, we can explore the stars and understand the universe.” His vision of a “Star Trek future” resonated with Saudi ambitions to lead in innovation.
This partnership not only strengthens U.S.-Saudi ties but also positions both nations as global leaders in the AI and tech revolution, promising economic prosperity and technological advancement.