Gold Is Going To Be The New Global Currency

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News Date: August 24, 2021

America not only has record debts but the Fed keeps creating dollars as the tsunami of money cheapens the worlds leading currency.
A man who is connected in China at the highest levels said gold is going to be the new global currency.
Central banks bought 90 tonnes this spring and data player Palantir Technologies bought $50 million in gold bars in August.
US taxpayers and investors require their attractive insurance policy against rampant government spending and currency depreciation.
Gold is such an asset since it has no counterparty risk. It will become more valuable as more money is issued to finance government spending.
Sources: financebrokerage.com, kingworldnews.com

Trump plans to make permanent cut to payroll tax if reelected

Saturday, in Bedminster, N.J., Trump announced, If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax.
Trump says that if reelected, he'll pursue permanent cut to payroll taxes that fund Social Security, Medicare.
Sources:https://www.washingtonpost.com/, twitter.com, www.youtube.com

Ron Paul: Auditing The Fed Would Lead To Ending The Fed

After Elon Musk endorsed Ron Paul leading an investigation into the Federal Reserve, Paul stated on X that 'Auditing the Fed would lead to ending the Fed.' He emphasized that increased transparency would reveal systemic issues, sparking calls for reform or dissolution. Comparing the Fed to USAID, Paul suggested both agencies lack transparency and accountability. Musk's support may amplify public interest in financial reform and decentralization.
In 2009, Ron Paul published End the Fed, a book that critiques the Federal Reserve and its control over the U.S. monetary system. Drawing from his experience as a congressman and advocate for free-market economics, Paul argues that the Fed's lack of transparency and manipulation of interest rates contribute to economic instability, inflation, and financial crises. The book calls for a return to sound money principles and highlights the dangers of central banking. End the Fed became a rallying point for those who support monetary reform and greater financial accountability.

Gold To Return As Reserve Currency

The global monetary system as you know it is already falling out from beneath your feet.
Smart investors should already be pouring money back into silver and gold before global monetary system collapse.
But now, experts like Peter Schiff, chief executive officer of Euro Pacific Capital, are betting on gold to topple the dollar’s long reign and establish itself as the new de facto reserve currency.
Source: www.kitco.com

The End of the Dollar Empire

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

The Nilar Gold Currency, the key to African development

Fiat money damages African economies and lives.
A common African gold currency, a long-held vision that many Africans still hold, is a way to effectively achieve monetary and thus economic independence.
Why Nilar? The Nile is Africa's and the world's longest river.
Zimbabwe, an unstable and inflationary economy, has finally made the sound decision to introduce gold coins to solve the persistent problem of rampant inflation.
Also, a multipolar world is inevitable and may be approaching.
Africa should not remain underdeveloped and dominated in that world. The nilar is the key.
Author: Manuel Tacanho is founder of Afridom, a sound money based digital banking startup for Europe and Africa.
Source: mises.org