Putin: Western banking system to end

Gesara.news » News » Putin: Western banking system to end

Share via:

News Date: December 9, 2023

Putin made some startling remarks addressing the VTB investment forum in Moscow on Thursday about the threat to the archaic financial system.
"The Western financial system is becoming outdated because of new technologies and could lose its dominant global position in the near future!
According to experts, in the coming years, this will lead to a revolution that will finally undermine the monopoly of large Western banks."
He also stated that these financial institutions are not in the best condition at this moment.

Judy Shelton Restoring Order to the Global Currency System

President Donald J. Trump Announced Intent to Nominate Individuals to Key Administration Posts,
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Source:www.whitehouse.gov
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
Source:twitter.com

Elon Musk: ending the FED is necessary

November 1 update:
A new exchange of lines between Elon Musk and Ron Paul regarding cutting spending:
Elon Musk: Would be great to have Ron Paul as part of the Department of Government Efficiency!
Ron Paul: I'd be happy to talk with you about it, Elon.
October 30, 2024:
Elon Musk has publicly supported former Congressman Ron Paul's call to abolish the Federal Reserve.
In a recent post on X, Paul criticized large-budget government spending, singling out the military-industrial and pharmaceutical complexes as "big welfare recipients."
He suggested a $2 trillion budget cut, finishing with the bold proposal to "End the Fed."
Musk replied simply: "Needs to be done."
Musk's endorsement has sparked renewed debate over central banking, with many speculating if this might signal his support for decentralized financial models like cryptocurrency.

Qatar boosted gold reserves to record levels

Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July.
The Qatar Central Bank is the latest bank to announce an increase in its holding of precious metals.
Reserve data from the central bank shows it bought 14.8 tonnes of gold last month.
Source: kitco.com

Trump established Israel and UAE peace

With Trumps help, Israel and the United Arab Emirates reach historic deal to normalize relations.
Israel and the United Arab Emirates reached a historic peace deal on Thursday that will lead to a full normalization of diplomatic relations.
This will advance the region, and this will advance the whole world.
This is GESARA, for those who want more proofs.
Source:https://twitter.com/WhiteHouse

WH fires 9 Defense Business Board members, installs loyalists

Martial law incoming? The White House purge of Pentagon continues.
The White House removed nine members of the Pentagon Defense Business Board on Friday and installed people loyal to President Donald Trump in their place, including presidential allies Corey Lewandowski and David Bossie.
Sources: www.politico.com, www.resignation.info