Russia China will lead the world to gold standard
Gesara.news » News » Russia China will lead the world to gold standard
News Date: August 27, 2020
The process of fiat money collapse is currently underway and that gold, property and productive assets like manufacturing factories can be used to rebuild the economic system.
A combination of China and Russia would be the two countries that will lead us back to having a currency backed by precious metals.
China has multiples of what they report in gold reserves, that they probably got 20,000+ tons of gold reserves.
Russia is actually in a very-very good position: they have very low debt, they don't run large deficits, etc. They got a very large natural resource economy as well.
As a result, when the things come crashing down that the first two currencies that go to a gold backing are China and Russia.
FED Rigged the Game... And, they got caught
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure distraction.Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Rosengren retires because of health issues. From a week ago: He made as many as 37 separate trades in the four REITS while the Fed purchased almost $700 billion in mortgage backed securities.
Federal Reserve Chairman Jerome Powell has ordered a review of ethics rules for the central bank after an outcry over officials owning individual securities.
Fed Chief Powell, other officials owned securities central bank.
Sources: www.cnbc.com, www.zerohedge.com
BRICS plans an alternative to the IMF
Russia has urged its BRICS partners to establish an alternative to the International Monetary Fund (IMF) to counteract political pressure from Western nations. This proposal comes as BRICS finance ministers and central bank officials gather in Moscow.Russian Finance Minister Anton Siluanov, hosting the meeting, emphasized that the global financial system is dominated by Western countries.
He called for the group, which represents 37% of the global economy, to create a financial institution independent of Western control.
"The IMF and the World Bank are not performing their roles. They are not working in the interests of BRICS countries;
It is necessary to form new conditions or even new institutions, similar to the Bretton Woods institutions, but within the framework of our community, within the framework of BRICS," Siluanov said on the first day of the meeting.
The two US Constitutions
There are two Constitutions in the United States. The first penned by the leaders of the newly independent states of the United States in 1776. On July 4, 1776, the people claimed their independence from Britain and Democracy was born. And for 95 years the United States people were free and independent. That freedom ended in 1871 when the original "Constitution for the united states for America" was changed to the "THE CONSTITUTION OF THE UNITED STATES OF AMERICA".The flag of Washington's District of Columbia has 3 red stars, each symbolizing a city state within the three city empire. The three city empire consists of Washington D.C., London, and Vatican City.
Source: www.nationallibertyalliance.org
Central banks chiefs out
With Angela Merkel on her way out as Chancellor, her former chief economic advisor, Jens Weidmann, announced plans to step down at the end of the year as head of Germany's Bundesbank after a decade at the helm of the national central bank.Dallas Fed President Kaplan and Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Former Iranian Central Bank Chief Handed 10-Year Prison Sentence.
Slovakia's central bank chief and European Central Bank governing council member Peter Kazimir has been charged with corruption.
Philippine central bank Governor Benjamin Diokno said he is with "team transitory" and that it is more prudent for the country to delay monetary tightening.
The Turkish lira hit a record low overnight after President Recep Tayyip Erdogan ordered a new round of dismissals at the country's central bank.
So, central bank are starting to worry. They were wrong about inflation because they were wrong about supply chains, and they were perhaps wrong about labor markets, which they had just taken years to learn had no serious bargaining power.
To be continued... Stay Tuned!.
Sources: www.cnbc.com ,gesara.news
Trump Promotes New DeFi Platform
September 16 update:The World Liberty Financial team announces that, despite the unsettling events of yesterday, Donald Trump will proceed as scheduled (8 PM EST) to unveil the Make Finance Great Again plan on his channels.
Older news:
Donald Trump recently promoted a new crypto platform called 'The Defiant Ones', developed by the Trump Organization, on social media.
Addressing his followers, Trump criticized big banks and financial elites, urging Americans to 'take a stand together.'
This marks the first time Trump has publicly endorsed the upcoming digital bank, which has yet to be activated.
Donald Trump on social media:
"For too long, the average American has been squeezed by the big banks and financial elites.
It's time we take a stand-together. #BeDefiant t.me/defiant1s"


