Gold Standard on Kremlin Desk

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News Date: April 29, 2022

Russian president Vladimir Putin is discussing the idea of pegging the Ruble to gold And Commodities.
If approved this would directly link Russia's currency to gold bullion for the first time in more than a century.
Linking the ruble to bullion could give Russia more "sovereignty" over its financial system.
However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way".
Full article: Reuters

Gold's Central Bank Buying and Possible Revaluation

Jim Grant is writing about Gold again: The press infatuation with pronouncing Gold dead, Central Bank purchases and history, Gold's performance in 2022 as inflation hedge (not so good), the potential for European Central Bank revaluations.
Also, The Governor of the Dutch central bank stated the gold revaluation account ensures the solvency of his central bank in an interview on television about prospective losses.
Sources: vblgoldfix, gesara.news

Zimbabwe to back its currency with gold

Update: The IMF urged Zimbabwe to expedite currency reforms during a recent staff visit, emphasizing a move towards a market-driven exchange rate and the removal of existing distortions.
Zimbabwe's Finance Minister announced new measures to stabilize its local currency in an online press briefing held Monday.
Zimbabwe to back its currency with hard assets such as gold to end exchange-rate instability, Finance Minister Mthuli Ncube said.
"The idea going forward is to make sure that we manage the growth of liquidity which has a high correlation to money supply growth and inflation.
The way to do that is to link the exchange rate to some hard asset such as gold," said Ncube.
He also announced a conference of African ministers that Zimbabwe will host at the end of this month.

Turkey adopted Russia's Mir cards

Turkish Banks Are Adopting Russian Payments System, Erdogan Says.
Five Turkish banks have adopted Russia's Mir payments system, Turkey's President Recep Tayyip Erdogan said on his return from talks with President Vladimir Putin in the Black Sea resort of Sochi.
There are serious developments regarding the work that Turkish banks are doing on Russia's Mir card, Turkey's state-run Anadolu Agency cited Erdogan as saying on the plane.
Sources: alarabiya.net

Quantum Financial System QFS and the BlockChain

Old Fiat Currency is false money supported by the Central Bank, banking system of debt slavery.
QFS has no comparison to anything that has ever been presented to the world before. It is like an antigravity machine compared to a car. There is no real basis to understand this technology.
Now if we discuss about the Quantum Financial System and its interrelation with Blockchain and future banking then we came to know that QFS is dealing in blockchain, shared ledgers and distributed ledger technologies, cryptocurrencies, virtual currencies and digital currencies. QFS is stored and operate on the satellite-based servers based on Quantum Computing. The reason is Quantum Computing is more secure and advance, because of its pattern of processing, the quantum computing uses two or more quantum states together to create another state by firing electrons through semiconductors using configurable pulse of light which results fastest state of speed. That's why Quantum Computers store far more information requiring less energy and deliver more speed than current state computers.
Quantum Financial System is the future of the banks because it provides methods to perform everyday tasks better than a traditional computer. This technology will replace blockchain and cryptography within a period of ten years.
Sources:inteldinarchronicles.blogspot.com, dinartimes.com, dinartube.com

White House lit in Gold. Think 50 Year Anniversary

The White House was lit in Gold on October 8 night.
From 1946 to 1971, nations operated under a new monetary system: the Bretton Woods Agreement.
On August 15, 1971, Nixon removed gold as the backing to the U.S. dollar.
After Nixon left the Bretton Woods system, gold went from $35 an ounce in 1971 to over $1800 today.
Sources: catalyst.independent.org