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

BRICS Adopts Digital Economy

From January 17 to 19, 2024, the Moscow City Government delegation participated in the Smart Cities India Expo in New Delhi.
Sergey Cheremin, Minister of the Moscow City Government, addressed the exhibition's opening and engaged in various sessions in the business program.
He emphasized the longstanding cooperation between India and Russia and highlighted potential areas for bilateral partnership.
"We are united by the common goal of building the most modern infrastructure, creating a safe and comfortable urban environment. One of the most promising areas of our cooperation is undoubtedly information technology and the digital economy. India and Russia are striving to become leaders in this field, and joining forces can create a synergistic effect," Cheremin stated.
In December of the previous year, China and Russia announced a groundbreaking test for a hack-proof quantum communication link using the Mozi satellite.
The BRICS alliance, having dominated the geopolitical sector in 2023, announced a six-country expansion plan during the Annual Summit.
Now, as attention turns to 2024, both Russia and India, amidst the BRICS initiative, are collaborating on a digital economy and expressing commitment to developing a native BRICS currency, rumored to be blockchain-based.
Also, the BRICS Pay system was launched last year to rival the Western SWIFT payment system and establish BRICS-based alternatives.

Central banks voice support for gold reserves

At the London Bullion Market Association's annual conference in Miami, representatives from three central banks voiced support for increasing gold reserves.
Central banks are eager to diversify their holdings, citing financial and strategic reasons.
With rising inflation, geopolitical tensions, and economic uncertainty, gold is seen as a hedge against risk.
By boosting gold reserves, central banks aim to strengthen their balance sheets and reduce reliance on foreign currencies like the US dollar, signaling a collective shift toward prioritizing gold as a key asset.

EO on the National Quantum Initiative Advisory Committee

Donald Trump signed an Executive Order on Establishing the National Quantum Initiative Advisory Committee at White House, August 30, 2019.
Quantum Information Science (QIS) is an emerging field with the potential to cause revolutionary advances in fields of science and engineering involving computation, communication, precision measurement, and fundamental quantum science.
Sources:www.whitehouse.gov, en.wikipedia.org

Taiwan's Currency Backed by Gold Reserves: Central Bank

A central bank official announced on Friday that Taiwan holds around 422 tonnes of gold in reserve, managed by the Central Bank of the Republic of China (Taiwan) to support the national currency.
Of this, 410 tonnes are dedicated to backing the issuance of New Taiwan dollars, while a smaller portion is used every four years to mint commemorative coins for the inauguration of the president and vice president.
As of the first quarter of 2024, Taiwan ranks 12th globally in gold reserves.
Despite a significant increase in gold's value since its purchase in the 1970s, the central bank is not buying or selling its reserves.
Taiwan's unrealized gain from these reserves is nearly NT$900 billion due to gold's appreciation.

Trump: We will end the radicalism in Washington DC

Donald Trump Perry, Georgia Rally Speech September 25:
With all of you in Georgia and conservative patriots all across the nation, we will end their reign of radicalism in Washington DC forever.
With a Republican Congress, we will fight for more jobs for Georgia families, fair trade for Georgia workers, and more Georgia factories forging more products stamped with that beautiful phrase Made in the USA.
You do not hear that too much. And you know, they are starting to say very strongly Merry Christmas.
Remember when I first ran, I said, you are going to say Merry Christmas.
They are all saying Merry Christmas again.
Full Rally Speech Transcript: www.rev.com