The world awaits the leader of the free world

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News Date: December 10, 2020

Senator Gerard Rennick: This election is not over in the states 17 states just sued the other states and we will see who is the leader of the free world come back next year.
Australian Senate awaits the results of the election for the Free World. The world is depending on the US election, on POTUS.
In the Australian Senate Senator Rennick from Queensland keeps his colleagues up to date with the latest lawsuit by 18 states to overturn the American presidential election.
Sources: twitter.com

EO Promoting Redemption of Savings Bonds

President Donald Trump issued an Executive Order Promoting Redemption of Savings Bonds on December 18, 2020.
Could a seismic monetary shift be on the horizon for the Restored Republic.
It is an ongoing pilot project to assess the feasibility and cost of digitizing & making these records searchable & accessible.
It is currently estimated that more than 75 million matured savings bonds, issued as far back as 1935, remain unredeemed. The total value of these unredeemed savings bonds is approximately $27 billion.
Sources: www.whitehouse.gov

The digital ruble test will begin in August

Update as of 24 July: Putin signed a law to introduce the digital ruble, which will take effect on August 1.
Interesting timing, think August, it's going to be absolutely epic!
According to the central bank, Russia will begin testing a digital version of its rouble currency with consumers in August, according to a report published on Tuesday by the Interfax news agency.
Russia has been creating digital currency over the past few years, as have many other nations, in an effort to modernize their financial systems and fend off cryptocurrencies.
August is also the month BRICS plans to introduce a new gold-backed trading currency at the Johannesburg summit.

Central bankers are losing the war on gold

The central bankers, Wall Street - the usual suspects - they are losing this war on gold as they have done in the 1960s, Middelkoop told the Keiser Report.
The year the author was referring to is when the London Gold Pool existed. The group was comprised of several central banks, which dumped their gold reserves to keep bullion price at $35 per troy ounce. Middelkoop says that now we can see the second London Gold Pool is failing.

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

Banks in Big Trouble. Seismic events on the horizon

Banks are making desperate moves. Wells Fargo is shutting down all existing personal lines of credit in the coming weeks and no longer offers the product.
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to ten years.
But the increasing financialisation of commercial banking brings the risk of tying its future firmly to a financial bubble. And with price inflation on the increase, it is only a matter of very little time before that bubble bursts.
Sources: www.cnbc.com, www.goldmoney.com