XRP bombed. Could Ripple Replace SWIFT?
Gesara.news » News » XRP bombed. Could Ripple Replace SWIFT?
News Date: December 30, 2020
Cross-border payments network Ripple (XRP) has become part of the ISO 20022 Standards Body, its first member focused on distributed ledger technology (DLT).
Former SEC Chairman Jay Clayton dropped a legal airburst bomb on Ripple. A few short days before leaving the position, Clayton filed a lawsuit making claims that are at least, suspect because of timing.
What possible motivation could there be for shaking all retail investors out of XRP, and tanking its price? Perhaps it has to do with the actual function of Ripple. Ripple is a major contender for replacing the central banking SWIFT system for international transfers.
First Pretrial Conference for Ripple and SEC to Take Place on February 22.
Sources: gesara.news, www.youtube.com, u.today
National coin shortage
US is experiencing a national coin shortage in several states as an excuse to COVID-19 pandemic.Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.
Source:twitter.com
Gold Treaty accomplished as banks to fail
The fiat currency is crashing. Ink on paper is not real money. You can not print gold & silver. All countries are switching away from this money system to asset backed.The "Gold Treaty" of 2013 deals with the global currency reset. The treaty and the move back to sound asset backed money effects every citizen of this nation and all nations around the world. We the people would like a response to the contents of the referenced documents. With solid details as to the progress and stance of the current administration towards the implementation of sound money and the control of the criminal central banking institutions.
President Trump accomplished the final requirement of the 209 nation Gold Treaty and GESARA when he oversaw Israel, UAE and Bahrain signing the Abraham Accords Peace Agreement on Tuesday 15 Sept.
Sources:petitions.whitehouse.gov, gesara.news
China is closer to the gold standard
Update from November 1st:China Securities Index Co launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal.
The new indexes include shares of global gold miners such as Newmont Corporation and Barrick Gold.
In response to Western responses to military conflicts, Chinese government-affiliated researchers are considering several strategies for China.
One is the issuance of gold-denominated bonds, supported by gold reserves, which would bolster economic resilience and establish China as a stable global player.
Another approach involves creating a global network of Chinese companies to diversify trade relationships and reduce vulnerability to sanctions.
Additionally, seizing American assets within China is seen as a retaliatory measure to protect Chinese interests and discourage unilateral actions by the U.S.
These strategies reported through Reuters collectively aim to ensure China's economic stability and global influence in an evolving geopolitical landscape.
RBZ will issue small gold coins for public
Zimbabwe's central bank will issue small gold coins for affordability by ordinary Zimbabweans.Zimbabwe will release smaller units of gold coins into the market in November this year to respond to public demand, in a move seen to tackle the country's currency crisis through exchange rate stabilization.
'Following the successful launch of the gold coins on 25 July 2022 and in response to public demand, the Bank shall introduce and release into the market gold coins in units of a tenth ounce, quarter ounce, and half an ounce for sale with effect from mid-November 2022,' RBZ Governor John Mangudya said in his mid-term monetary policy statement released Thursday.
Sources: funancial.news
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