Trump nominee Judy Shelton to pass Senate next week
Gesara.news » News » Trump nominee Judy Shelton to pass Senate next weekNews Date: November 13, 2020
Judy Shelton, President Trumps nominee to the Federal Reserve, will receive a vote on the Senate floor next week and is expected to pass.
Her support appears enough to get Shelton through the Senate, where Republicans control 53 seats. Every Democrat is expected to vote against her.
> eliminating the Feds independence and federal deposit insurance
> returning the U.S. to a gold standard
Don't know yet if they are true or fake but we will be back.
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"This is going to be the biggest thing that nobody even knows about, and it is all signed."
A combination of China and Russia would be the two countries that will lead us back to having a currency backed by precious metals.
China has multiples of what they report in gold reserves, that they probably got 20,000+ tons of gold reserves.
Russia is actually in a very-very good position: they have very low debt, they don't run large deficits, etc. They got a very large natural resource economy as well.
As a result, when the things come crashing down that the first two currencies that go to a gold backing are China and Russia.
Such injections into the economy have generally lifted investor demand for safe-haven assets like the precious metal as fears of inflation and currency debasement grow.
So far, in 2020, central banks have added a net of 181 tons of gold to their reserves. Gold continues to retain its position of being the most reliable store of value and means of exchange in times of extreme uncertainty. This should explain why several central banks plan on continuing to increase their gold reserves in 2020.