Gold To Return As Reserve Currency
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News Date: July 13, 2020
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 Birth of a New Currency by Ron Paul
Ron Paul was the leading champion of sound money in all his years while in the United States Congress. Here he explains why sound money has meant the gold standard. Paul maps out a plan to bring about a dollar that would be protected against manipulation by government and central bankers. This monograph first appeared in 1981, and it has been in wide distribution ever since.Source: www.youtube.com
Zimbabwe to issue more gold coins
Zimbabwe hails gold coin success and wants to issue more.Gold coins used as currency in Zimbabwe will soon be available in smaller denominations, the central bank says.
Those higher-value gold coins are available to buy at approved banks and are tradeable locally.
Sources: bbc.com
Debts forgiveness and peace at the Russia-Africa summit
Vladimir Putin hosted the Russia-Africa summit in St. Petersburg from July 27 to 28.Putin: The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes.
Vladimir Putin, the president of Russia, also stated on Friday that Moscow is closely analyzing suggestions made by several African leaders to put an end to the conflict in Ukraine.
Countries normalizing relations with Israel
Israeli estimates indicate that there are Arab and Islamic countries on their way to sign an agreement with Tel Aviv, before the end of the term of the current US President, Donald Trump, on the twentieth of next January. This comes after the Moroccan monarch announced, yesterday, Thursday, the resumption of official bilateral contacts and diplomatic relations with Israel, shortly after the announcement by the outgoing US President Donald Trump on Twitter in which he confirmed that "Israel and the Kingdom of Morocco have agreed to establish full diplomatic relations between them."Sources: twitter.com, search4dinar.wordpress.com
India Is Mulling Rupee-Ruble Payments System
India is discussing how to set up a rupee-ruble payment mechanism to enable it to trade with Russia, to circumvent the U.S. sanctions regime.During the last several months, several considerations have prompted the Modi government to rethink the wisdom of putting all its eggs in the U.S. basket.
Instead, India is returning to a more balanced approach, assessing its national interests vis-a-vis those of other countries and acting accordingly.
To Be Non-Aligned on Russia Policy Implies India Finding Trade Workaround.
Source: nakedcapitalism.com