The appeal of safe haven assets to increase
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News Date: October 8, 2023
Escalating tensions in Israel often lead to investors seeking refuge in safe-haven assets.
This is because they closely monitor Middle East events for potential geopolitical risks that could impact financial markets.
These safe haven assets, like gold and government bonds, are considered low-risk and can provide a buffer against market volatility during uncertain times.
Institutional investors, such as hedge funds and central banks, also tend to diversify into these assets for risk management.
The impact goes beyond asset allocation, affecting market sentiment and volatility as investors react to developments in the region.
This underscores the interconnectedness of geopolitics and financial markets, prompting investors to adjust their strategies accordingly.
The big switch to yuan and National Currencies
Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies.Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam.
Putin expressed that using national currencies for international trading 'should be encouraged further.'
Source: news.bitcoin
Petition at W.H. to help the Germans to free from Merkel
Petition created at White House to help the German people to free themselves from Angela Merkel and her shadow government.Created by B.H. on July 04, 2020.
Angela Merkel (born Aniela Dorota Kazmierczak, then "Germanized" in Angela Dorothea Kasner) has been the German Chancellor since 2005 and is presumably a DEEP STATE Puppet and is probably bought and manipulated by George Soros.
Source: petitions.whitehouse.gov
Welcome to Blockchain, Federal Reserve!
Once Anti-Bitcoin, JPMorgan Provides Banking Services to Crypto Exchanges Coinbase and Gemini.Source:cointelegraph.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
BRICS planning SWIFT competitor
The BRICS nations, have announced plans to establish their own money-transferring network, aiming to challenge the SWIFT international payment system.Russian Finance Minister Anton Siluanov revealed this ambitious strategy in an interview with TASS news agency.
This initiative is geared toward enabling seamless cross-border transactions among BRICS member countries, reducing costs and risks associated with external financial intermediaries.
It also seeks to promote the use of BRICS currencies in international trade, potentially diminishing the dominance of the US dollar.
The BRICS network aims to rival SWIFT's capabilities by developing advanced payment infrastructure and cybersecurity measures.
While benefiting BRICS nations, it could also enhance competition and efficiency in the global financial system, benefiting businesses and individuals worldwide.
This move signifies the BRICS nations' determination to reduce reliance on Western financial systems and assert more influence in global finance.