The return to the golden age. The gold standard will rise again

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News Date: May 5, 2020

The New $100 Bill Will Usher In A NEW Gold Standard
It seems like today's national leaders are gradually reaching a consensus about how the world's monetary system should be structured. They are getting ready to return to a gold standard system.
Source:forbes.com

The Upside In Gold Is Unlimited

Pierre Lassonde:I think that the downside in gold is limited. The upside on gold at this point is unlimited. It's going to be far, far higher than people imagine.
Source:kingworldnews.com

Gold standard the final solution globally

Precious metals have been a safe haven all throughout human history, and that is especially true during highly inflationary times.
If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.
Gold Could Offer a Way out of Switzerland Failing Inflationist Experiment.
Switzerland could break with the globally pervasive regulations which suppress the potential of gold to develop fully as a nonstate money. Swiss banks, already expert at servicing gold deposit accounts for their clients, would get permission to establish a clearinghouse in Zurich for settling transactions between themselves in the yellow metal (in, say, kilogram gold bars deliverable in Switzerland), thereby facilitating direct payments in gold by their clients for goods or assets without having to pass through the US dollar.
The World Gold Council announced, on Sunday, that the central banks possession of gold increased.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change and its members consist of the largest and most advanced gold mining companies in the world.
Sources: search4dinar.wordpress.com, mises.org

Saudi Arabia wants to join BRICS

South African president says Saudi Arabia wants to join BRICS.
Cyril Ramaphosa revealed this during his two-day state visit to the kingdom on Sunday.
The BRICS nations are going to be meeting in a summit next year under the chairship of South Africa.
And the matter is going to be under consideration.
Sources: insiderpaper.com

CEO of SVB exits the board of FED

CEO of Failed Silicon Valley Bank No Longer a Director at SF Fed.
The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
The spokesperson declined to say how Becker exited the San Francisco Fed board.
(Reuters)

Lebanon Cancels Central Bank Debts, Which is next?

Lebanon Recovery Plan Includes Central Bank Debt Write-Off, Haircuts to Depositors.
The government foresees canceling a large part of the central bank's foreign currency obligations to commercial banks.
The plan includes several measures that are prerequisites to unlock funds from a preliminary deal with the IMF agreed in April.
Sources: usnews.com