Polyus gold miner to switch the currency to rubles
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News Date: September 9, 2022
Polyus wins bondholder approval to switch currency for Eurobond payments.
Russia's largest gold miner Polyus has received permission from holders of three Eurobonds to make payments on the debt in Russian roubles or another alternative currency, the company said on Friday.
Sources: reuters.com
Tesla BioHealing Beds
All living organisms have molecular cells have their own power plants that produce energy throughout its life called a nucleus. Every cell in every living organism holds the energy that it produces. As our bodies age these cells begin to lose their abilities to produce the same amount of power and many will begin to die. But what if you could recharge the power plants of your cells and give them new life to continue powering and repairing your body?Sources:www.youtube.com, www.teslabiohealing.com
More BRICS and Bretton Woods 3
Expanding BRICS to create an alternative power bloc is enticing for many countries.Talk of the BRICS nations creating a new reserve currency introduced the idea of 'Bretton Woods 3.0'.
The Bretton Woods Agreement was negotiated in July 1944 by delegates from 44 countries at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire.
Thus, the name 'Bretton Woods Agreement'.
Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar's value.
The Bretton Woods System effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.
Sources: investopedia
Gold Is the Most Stable Currency
If gold didn't retain its purchasing power, why would long-term investors and central banks store it in their vaults for decades? Hardly is gold used for industrial applications, so, again, why hold large stocks of gold if it would lose its value over time? The truth is that gold retains its value, and the stability of gold's purchasing power in the long-term is the main reason to own it.Sources:finance.yahoo.com
The new Petro-Gold-Yuan system
Gold will be instrumental in China's plan to create an international oil/renminbi market.Gold will be a crucial factor for China as the nation looks to strengthen the yuan's international credibility and continues to push forward its plans to buy oil from Saudi Arabia.
Sources: kitco.com
Government shutdown averted through December
Shutdown averted: Senate passes continuing resolution to keep US government open through December.The US Senate approved a stopgap funding bill Thursday in a rare show of cross-party unity to avert a crippling government shutdown and keep the lights on for another two months.


