Ramaswamy supports Trump and commodity-backed currency
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News Date: January 16, 2024
Billionaire entrepreneur Vivek Ramaswamy claims BRICS is developing a gold-backed currency to replace the U.S. dollar as the world's primary reserve currency.
"This is a major problem for the United States.
This would permanently increase our borrowing cost if the dollar is no longer the established reserve currency of the world.
So yes, actually, that does matter. The right way to deal with it, though, is not to try to swat that down, but increase the value proposition of the dollar itself by pegging the dollar to hard commodities," he stated in a press conference.
Vivek Ramaswamy dropped out of the presidential race and endorsed Donald Trump. Known for supporting currencies backed by commodities, his alliance with Trump suggests a shared vision for economic stability and challenges to traditional fiat systems.
NESARA purposes in Donald Trump Inauguration Speech
Many NESARA Directions announced during Trump's Inauguration Speech, on January 20, 2017.He referenced the power back to the People, Wealth, Technologies, Prosperity, Security and World Peace.
The day when The people became the rulers of their great nation again. The Big Dream started!
Source: youtube.com
Gold Standard on Kremlin Desk
Russian president Vladimir Putin is discussing the idea of pegging the Ruble to gold And Commodities.If approved this would directly link Russia's currency to gold bullion for the first time in more than a century.
Linking the ruble to bullion could give Russia more "sovereignty" over its financial system.
However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way".
Full article: Reuters
An Asian Bretton Woods is suggested
An Asian Bretton Woods may be on the way.Sergei Glazyev, a senior Russian economist and Minister in charge of the Eurasian Economic Commission (EAEU), was leading a committee planning a new trade currency for the Eurasian Economic Union.
At the same time, the new trade settlement currency was to be available to any other nation in the Shanghai Cooperation Organisation and the expanding BRICS membership.
Logic suggests that a gold-backed currency will be the outcome of Glazyev's EAEU committee's trade currency deliberations after all, because of a subsequent announcement from Moscow concerning a new Russian bullion market.
Source: goldmoney.com
Ripple XRP - Gold standard
Three reasons why Ripple XRP can be the gold standard soon:1.President Trump's nominee for the Federal Reserve board of governors, Judy Shelton, has advocated for getting back to a gold standard, possibly "in a very cryptocurrency way". She Faces Senate Committee Vote This Week;
Source:gesara.news
2.There are close connections or relations between Donald Trump and Ripple board;
Source:www.youtube.com
3.Ripple XRP already has Support in the US Federal Register New Rule.
Source:gesara.news
Egypt to trade in local currencies with BRICS
Egypt will abandon the US dollar, establishing trade with BRICS countries in local currencies. Egypt has announced that they are ditching the US dollar in their trade with China, Russia, and India."Nothing of the sort has been implemented but there are discussions so that we can trade in local currencies of countries like India, Russia or China," Egyptian Supply Minister Ali Moselhy told Reuters.
Last year, Egypt formally applied to join BRICS and the SCO.