Philadelphia FED researchers suggest gold standard

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News Date: March 26, 2024

Researchers at the Federal Reserve Bank of Philadelphia say switching to the gold standard could stabilize prices.
In their February working paper, researchers at the Federal Reserve Bank of Philadelphia suggest that adopting a gold standard could lead to long-term price stability.
Jesus Fernandez-Villaverde and Daniel Sanches argue that inflation and deflation would become temporary events in a hypothetical small open economy operating under the gold standard.
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Top SECRET! Name code GESARA. The declaration of independence of the world

Alliance sources are claiming that NESARA no longer is needed in America, since Trump signed the revised Paris Agreement, in which GESARA was secretly embedded. Therefore, NESARA, which originally was destined for the Republic of America, has merged with GESARA.
Source:steemit.com

Gold standard strategy and the collapse of dollar

The dollar is no longer pegged to gold, but it is still the world's reserve currency. Over 60% of the foreign bank reserves are currently held in US Dollars.
There have been efforts by numerous countries (led by China and Russia) to dethrone the US Dollar as the world's reserve currency. China has been reducing its exposure to the Dollar for a long time, and both China, as well as Russia, have been stocking up on gold in recent times.
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured.
Sources: www.fxstreet.com, uk.news.yahoo.com, seekingalpha.com

Zimbabwe is engaged to clear IFI debt

Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday.
Sources: reuters

Congressional Sound Money Caucus

As you can see, the supply of dollars has gone up dramatically, really since the gold standard ended in 1971. It is a gradual slope.
But if you see since the recession, it has been aggressive. And then, obviously, here, this year, it has been nearly vertical.
The value of the dollar is critical. That is the store of value for all Americans.
According to Congressman Davidson's office, the caucus exists to promote sound fiscal and monetary policy in the United States with the goal of preserving the purchasing power of the U.S. Federal Reserve Note.
Source:www.congress.gov

Quantum information science to change the world

Trump administration establishes $75 million quantum computing centers.
Trump: Quantum information science has the potential to change the world. But to realize that potential, we must first answer some fundamental research questions.
The White House Office of Science and Technology Policy and the National Science Foundation (NSF) announced Tuesday the establishment of three quantum computing centers across the nation, involving an investment of $75 million.
The establishment of the centers stems from a provision in the National Quantum Initiative Act: www.congress.gov
Source:thehill.com