The Nilar Gold Currency, the key to African development
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News Date: September 13, 2022Fiat money damages African economies and lives.
A common African gold currency, a long-held vision that many Africans still hold, is a way to effectively achieve monetary and thus economic independence.
Why Nilar? The Nile is Africa's and the world's longest river.
Zimbabwe, an unstable and inflationary economy, has finally made the sound decision to introduce gold coins to solve the persistent problem of rampant inflation.
Also, a multipolar world is inevitable and may be approaching.
Africa should not remain underdeveloped and dominated in that world. The nilar is the key.
Author: Manuel Tacanho is founder of Afridom, a sound money based digital banking startup for Europe and Africa.
Source: mises.org
Huge NESARA vows in Trumps tweets
President Donald Trump tweets on October 05, 2020:BIGGEST TAX CUT EVER, AND ANOTHER ONE COMING.
MASSIVE REGULATION CUTS.
BETTER & CHEAPER HEALTHCARE.
PEACE THROUGH STRENGTH (BRING OUR SOLDIERS HOME).
PRO LIFE!
SPACE FORCE.
Sources:twitter.com, www.foxbusiness.com
Zimbabwe will introduce gold coins
The Monetary Policy Committee resolved to introduce gold coins into the market as an instrument that will enable investors to store value.The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels.
Also, the Reserve Bank of Zimbabwe (RBZ), announced the review of interest rates and statutory reserves.
The measures come to combat the depreciation of the local currency, soaring inflation, and the threat of economic recession.
Sources: www.rbz.co.zw
Global currency debasement
Economy hits debt saturation point. Global economy has no capacity to carry any more debt - Max Keiser.The new higher levels of debt that many countries are now moving towards are going to be sustainable without imposing significant costs on growth as well as equity within their societies.
Every dollar that these central banks print will go directly into consumer price index inflation - and you will see it at the cash register immediately, and that is going to incredible social unrest.
Global debt to GDP is now at all-time high in Q1. Overall debt for the non financial-sector now worth 252% of global GDP.
Get ready for extreme global currency debasement.
Sources:twitter.com/GoldTelegraph, cointelegraph.com
Russia China will lead the world to gold standard
The process of fiat money collapse is currently underway and that gold, property and productive assets like manufacturing factories can be used to rebuild the economic system.A combination of China and Russia would be the two countries that will lead us back to having a currency backed by precious metals.
China has multiples of what they report in gold reserves, that they probably got 20,000+ tons of gold reserves.
Russia is actually in a very-very good position: they have very low debt, they don't run large deficits, etc. They got a very large natural resource economy as well.
As a result, when the things come crashing down that the first two currencies that go to a gold backing are China and Russia.
VISA & Currencycloud with Ripple on cross-border payments
Currencycloud to focus on new territories currently under-represented for SMEs, to make global movement of money more efficient.Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, announced a partnership with Ripple, the enterprise blockchain solution for global payments. RippleNet, Ripple's global financial payments network, makes it easy for its diverse network of financial institutions worldwide to enable faster, lower-cost payments around the world.
Visa partner Currencycloud is now working with Ripple to expand their business-to-business cross-border payments platform.
Sources:dailyhodl.com, www.currencycloud.com