Introducing the new global financial system

Gesara.news » News » Introducing the new global financial system

Share via:

News Date: April 16, 2022

Answers provided by Sergey Glazyev, Russian Geoeconomics Tzar:
The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources.
And it will liberate the Global South from both western debt and IMF-induced austerity.
Transition to the new world economic order will likely be accompanied by systematic refusal to honor obligations in dollars, euro, pound, and yen.
In this respect, it will be no different from the example set by the countries issuing these currencies who thought it appropriate to steal foreign exchange reserves of Iraq, Iran, Venezuela, Afghanistan, and Russia to the tune of trillions of dollars.
Full article: Authored by Pepe Escobar via The Cradle

Government documents from 2014 refer to XRP

The United States Government Accountability Office:
Other virtual currencies that have been created are not based on the bitcoin protocol.
One of the more prominent examples is XRP, which is used within a decentralized payment system called Ripple.
Ripple allows users to make peer-to-peer transfers in any currency.
A key function of XRP is to facilitate the conversion from one currency to another.
For example, if a direct conversion between Mexican pesos and Thai baht is not available, the pesos can be exchanged for XRP, and then the XRP for baht.
Source: www.gao.gov

Gold and Rubles Exchanged in Digital Form

Digital Gold Traded for Digital Rubles by Russia's Rosbank.
Rosbank has brokered Russia's first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble.
Source: bitcoin.com

US Debt Relief: Creditor Law Group Wipes Out $1B+

Creditor Law Group has made a significant impact by nullifying over $1 billion in debt for households across the US, providing relief amidst record-high levels of household debt.
As the popularity of debt relief options such as debt invalidation grows, the complex process offers relief by challenging the validity of debt.
Optimal results are achieved by working with specialized lawyers in this field.
"One common method to invalidate debt is to challenge the validity of the related documentation.
During reviews of the relevant paperwork, we have often found that important information is either missing or incomplete.
Sometimes, a creditor may lack the proper documentation to prove that the debt is valid.
In certain cases, debt invalidation can be based on violations of consumer protection laws, as when a creditor engages in unfair or deceptive practices.
Typical violations include harassment by debt collectors, misrepresentation of the amount owed, or unauthorized charges."
Creditor Law Group explains.

Supreme Court justice to serve the American people

Amy Coney Barrett said Saturday that, if confirmed as a United States Supreme Court justice, she would assume the role to serve the American people.
Judge Amy Coney Barrett: "I love the United States, and I love the United States Constitution."
Sources:twitter.com/WhiteHouse, www.whitehouse.gov

Economists Discuss Russia, China Developing Gold-Backed Currency

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar.
Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold.
Sources: news.bitcoin