New Dollar Backed by Gold Coming This October 2020?

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News Date: July 7, 2020

The 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 replacing the greenback as the world's reserve currency.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
Source: gsiexchange.com

Ripple partner Nium takes on SWIFT

The new solution, which leverages Ripple's blockchain network Ripplenet, claims to lower settlement costs for Financial Institutions by up to 90% for international brokerage account transactions when compared to transactions settled via the SWIFT International Payments Network.
XRP powers NIUM's alternative to swift.
Nium has pointed to three major benefits of its global payments network and new brokerage solution: cost savings of up to 90%, improved customer satisfaction, and increased demand for new partnerships.
Source: financefeeds.com

Central banks gold reserves switch

The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won't let inflation run too hot, even if it means slower growth.
In commodities, the upside potential in gold is more than just a safe haven hedge, as the rising geopolitical tensions and the latest sanctions imposed on the Russian central bank will bring the central banks around the world to reconsider their FX holdings, and start shifting towards a nationless gold.
Source: youtube.com

Starlink is awesome for RV

Elon Musk's recent comment on Twitter:
Starlink is awesome for RV's, camping or any activity away from cities...
RV stands for Recreational Vehicle.
RV also stands for the Revaluation of currencies.
Ironically, Donald Trump made RV hints in a Rose Garden news conference in 2020, revealing he wants to drive around town in an RV, back to New York, with the First Lady, cracking jokes after forgetting what an RV is.
Sources: twitter.com, youtube.com

Russia will abolish the VAT (tax) on bullion

The government will abolish the VAT (tax) on bullion.
This Bill will go to the State Duma on March 4.
Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
PM advises foreign businesses that competitors will take their place.
This is a step toward treating gold and silver as money instead of as commodities.
Source: t.me

Russia, China switch to national currencies

Russia and China switch to settlements in national currencies for energy supplies.
Russia, China switch to national currencies in payments for gas, says a senior official.
Russia, China also actively switching to national currencies for payments of oil supplies, and products, says the deputy prime minister.
Sources: aa.com