New Financial System
Gesara.news » News » New Financial SystemNews Date: August 25, 2021
IMF member countries are receiving their shares of new SDRs, of about US$650 billion, the largest in the funds history! This is a shot in the arm for the world and will help bolster confidence and strengthen the resilience of the global economy.
The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries.
The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
A SDR is not a loan & is cost-free for all IMF members. Unlike an extended fund facility, the government does not have to request any arrangement & there is no repayment involved. All member countries can use their allocated SDRs unconditionally.
IMF urges wealthy nations to direct $650 billion SDR share to vulnerable countries.
Zimbabwe to use more than half of IMF funds to prop up the currency.
Sources: twitter.com, www.today.ng
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com
The gold standard of the nineteenth century and is easily explained: within a confined money total such as that of monetary gold, an increase in the quantity of goods and services taking place can only be accommodated by a decline in the general level of prices. Put another way, the purchasing power of sound money, a money whose quantity is not inflated, always rises over time.
Official Assembly Record
BE IT RESOLVED, that a motion was passed to charge the following respondents with attempted genocide:
> National Governors Association consisting of governor's in each creature state within the U.S.Federal Corporation; and
> Centers for Disease Control and Prevention (CDC); and
> World Health Organization (WHO); and
> Bill & Melinda Gates Foundation; and
> Bill Gates and Melinda Gates, co-chair, and trustees of the Bill & Melinda Gates Foundation; and
> Anthony Fauci, lead member of the Trump Administration's White House Coronavirus Task Force; and
> Christine Grady, head of the National Institutes of Health (NIH); and
> Tedros Adhanom head of the World Health Organization (WHO).
Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.