The Nilar Gold Currency, the key to African development

Gesara.news » News » The Nilar Gold Currency, the key to African development

Share via:

News Date: September 13, 2022

Fiat 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

Cryptocurrency Market Reactions to Regulatory News

The U.S. Federal Reserve reveals that the cryptocurrency XRP didn't show great reaction or movements in price to regulatory news in the past.
Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price-performance to regulatory news.

Source:dallasfed.org

The STORM Act signed into law

On Friday, January 1, 2021, the President signed into law: the "STORM Act," which authorizes the Federal Emergency Management Agency to provide capitalization grants to States to establish revolving funds to provide hazard mitigation assistance to reduce risks from disasters and natural hazards.
S. 3418, the "Safeguarding Tomorrow through Ongoing Risk Mitigation Act".
Sources: www.congress.gov, www.whitehouse.gov

Scientist Behind The Navy's "UFO Patents" Has Now Filed One For A Compact Fusion Reactor

It is claimed in the patent application that this plasma compression fusion device is capable of producing power in the gigawatt (1 billion watts) to terawatt (1 trillion watts) range and above with input power only in the kilowatt (1,000 watts) to megawatt (1,000,000 watts) range. By comparison, America's largest nuclear power plant, the Palo Verde nuclear power plant in Arizona, generates around 4,000 megawatts (4 gigawatts), and the A1B nuclear reactors designed for the Navy's Gerald R. Ford-class aircraft carriers generate around 700 megawatts. The patent even claims that the device can "possibly lead to ignition plasma burn, that is self-sustained plasma burn without need for external input power."
Source:thedrive.com

Banks Are Restocking Gold

Banks Are Restocking Gold at Fastest Pace in Years.
The Comex vaults have been steadily depleted over the last several months, however, 1.6M ounces of gold just showed up since March 1.
This is the largest inflow since October 2020 and we are only halfway through March!
This may be simply a restock of the metal lost in Jan and Feb.
It's also possible this is being used to support the massive delivery volume being seen in the historically quiet month of March.
But a third possibility is that the banks are preparing for massive delivery volume in April.
Source: schiffgold.com

Ex-Fed governor calls for a new Treasury-Fed accord

🏦 Former Fed Governor Kevin Warsh called for a “regime change” at the Federal Reserve and a new policy alliance with the Treasury, citing the Fed’s reluctance to cut rates as a major failure. Warsh, reportedly a finalist to replace Chair Jerome Powell, told CNBC’s Squawk Box: “We need a new Treasury-Fed accord,” referencing the post-WWII coordination of debt management.
His stance aligns with Trump’s call for lower rates to ease the burden of the $36 trillion U.S. debt. Asked if Powell should be fired, Warsh responded, “Regime change will happen in due course.”
Source: CNBC / Squawk Box, July 2025