What is Special Drawing Right (SDR)
Date: July 7, 2020 Category: NewsThe SDR was initially defined as equivalent to 0.888671 grams of fine gold-which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system, the SDR was redef...
New Dollar Backed by Gold Coming This October 2020?
Date: July 7, 2020 Category: NewsThe rumor, and big fear, is that the IMF may opt to remove the US from the global SDR basket, effectively reducing the US's veto rights from the world stage. SDRs would then be a step closer to replac...
What is the Gold Standard
Date: July 7, 2020 Category: NewsGold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abr...
Debts going down, Gold rate up
Date: July 4, 2020 Category: News
Look at US debt clock!
Despite pandemic, Total personal debt and credit card debt are going backwards.
This reminds NESARA first section:
Cancels all credit card, mortgage, and other ba...
A Financial System by Nonbank Financials, Fintech, and Innovation
Date: July 2, 2020 Category: News
Fintech stands for financial technology.
On February 3, 2017, Donald Trump issued a Presidential Executive Order on Core Principles for Regulating the United States Financial System.
Full or...
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