Russia China will lead the world to gold standard

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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.

Central banks are buying gold

Central banks are buying gold to protect against the threat of a sovereign debt crisis.
Last week the World Gold Council noted that central banks bought 59 tonnes of gold in June.
For the first half of this year, central banks purchased 270 tonnes of gold.
The WGC noted that central banks bought 180 tonnes of gold in the second quarter.
Sources: kitco.com

What is Quantum Internet

Traditional computer data is coded in either zeros or ones. Quantum information is superimposed in both zeros and ones simultaneously.
The quantum internet is a network that will let quantum devices exchange some information within an environment that harnesses the odd laws of quantum mechanics.
In theory, this would lend the quantum internet unprecedented capabilities that are impossible to carry out with current web applications.
Sources: trevorwinchell.com

The Gold Standard Restoration Act in the House

Rep. Alex Mooney addressed the House on the Gold Standard Restoration Act:
'My bill would return the U.S. to the gold standard, protect against Washington's irresponsible spending habits and the creation of money out of thin air.
Prices would be shaped by economics rather than the instincts of bureaucrats.
No longer would our economy be at the mercy of the Federal Reserve and reckless Washington spenders', Alex Mooney said.
Sources: twitter.com

The July 4th full buck moon and penumbral eclipse

Independence Day 2020 will end with a full moon and lunar eclipse.
The Full Moon of July traditionally is known as the Full Buck Moon because it coincides with the time of year when male white-tailed deer are in full-on antler growth.
Everything to know about the July 4th buck moon and penumbral eclipse.
Source:lehighvalleylive.com

The FEDs independence Days Are Numbered

Sometime back in March, the Federal Reserve began quarantining cash bills arriving from Asia. The move was meant to protect Americans from the coronavirus, but it was not entirely necessary. Cash usage was already at an all-time low.
The Fed is going to buy stocks. I do not know precisely when , but it will happen, and probably soon. It does not want to buy stocks but knows it is too dangerous to rule out. Since financial markets are like teenagers - continually testing boundaries - expect the Fed to keep getting pressed on this issue.
Sources:www.forbes.com, www.barrons.com