A new gold standard is coming

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News Date: November 3, 2020

Excessive monetary stimulus, a by-product of an undisciplined fiat money system, will create problems for our economy as well as financial distortions, and the long-term solution is to move away from this system and re-adopt a gold standard.
There are a lot of financial bubbles, there are excessive debt levels, inequality is rising, you have got moral hazards, all these side effects of a fiat money standard are not really what we want, and eventually we get a lot of monetary instability and I think then at that point we have to get back to a gold standard.
Sources: www.silverdoctors.com, www.youtube.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

Ripple effect. Ripple Partners with biggest Central Banks

Ripple Partners with Largest Financial Institution in Africa and Middle East.
Qatar National Bank and Ripple partner to enhance Global Cross-Border payments.
The national bank of Qatar is the biggest banking institution in Africa and the MENA region.
Fed Reserve Adopts ISO 20022 Format for Payments That Ripple Is Compliant With.
The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.
Ripple also partnered with UAE, South Korea, Bhutan, Saudi Arabia and blueprints to modernize Europe's payments infrastructure.
Sources: u.today, u.today

Digital ruble in cooperation with the UAE

The Bank of Russia, led by First Deputy Governor Olga Skorobogatova, is collaborating with the UAE regulator to establish a cutting-edge system for fast payments and settlements.
This initiative, announced at the Finopolis forum, aims to utilize the digital ruble to streamline financial transactions for both individuals and businesses.
The partnership signifies a commitment to financial innovation and positions these institutions at the forefront of the evolving digital landscape.
The digital ruble is expected to enhance transaction efficiency, fostering financial inclusivity and exemplifying a proactive approach to the future of finance.
"We will work out the fast payment system because the colleagues are ready with the digital ruble and we are ready.
If we solve the issue of client identification, then I think we will be able to build up a normal system of payments for citizens and the business between the two our countries in a year at the least," she stated.

Gold standard the final solution globally

Precious metals have been a safe haven all throughout human history, and that is especially true during highly inflationary times.
If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.
Gold Could Offer a Way out of Switzerland Failing Inflationist Experiment.
Switzerland could break with the globally pervasive regulations which suppress the potential of gold to develop fully as a nonstate money. Swiss banks, already expert at servicing gold deposit accounts for their clients, would get permission to establish a clearinghouse in Zurich for settling transactions between themselves in the yellow metal (in, say, kilogram gold bars deliverable in Switzerland), thereby facilitating direct payments in gold by their clients for goods or assets without having to pass through the US dollar.
The World Gold Council announced, on Sunday, that the central banks possession of gold increased.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change and its members consist of the largest and most advanced gold mining companies in the world.
Sources: search4dinar.wordpress.com, mises.org

BRICS plans an alternative to the IMF

Russia has urged its BRICS partners to establish an alternative to the International Monetary Fund (IMF) to counteract political pressure from Western nations. This proposal comes as BRICS finance ministers and central bank officials gather in Moscow.
Russian Finance Minister Anton Siluanov, hosting the meeting, emphasized that the global financial system is dominated by Western countries.
He called for the group, which represents 37% of the global economy, to create a financial institution independent of Western control.
"The IMF and the World Bank are not performing their roles. They are not working in the interests of BRICS countries;
It is necessary to form new conditions or even new institutions, similar to the Bretton Woods institutions, but within the framework of our community, within the framework of BRICS," Siluanov said on the first day of the meeting.