Russia is working on stablecoin pegged to gold

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News Date: September 7, 2022

Russian gov't working on stablecoin settlement platform between friendly nations.
Russia's Finance Ministry has reportedly begun working with the governments of 'friendly' nations to establish a cross-border stablecoin-based payments platform.
'Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved,' said Alexey Moiseev.
Sources: cointelegraph.com

We are Headed to a Global Financial Reset

Pull your money out of The Banks, As we are headed for a Global Financial Reset.
The federal reserve is nothing but a loan shark for the deficit spending government.
It's the government's fault for all this monetary mess, not the bankers.
They're just profiting from the control of money creation and all assets traded in the stock, bond, and commodity markets.
Get out of the casino and get into silver hoarding or use your dollars to buy real hard assets like farmland , real estate and gold.
It's the only safe plan in preparation for the coming dollar collapse.
Expect a trigger event in the coming months for a global re-set.
Deutsche Bank is rumored to be already declared bankrupt.
The banks don't trust each other or are out for themselves like JP Morgan, or are failing like Deutsche Bank.
Source: youtube.com

Russia to use digital ruble in settlements with China

Russia plans to use digital rouble in settlements with China, says lawmaker.
After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington's global financial hegemony, a senior Russian lawmaker said on Monday.
Sources: reuters

More fair global governance

Russia's Medvedev meets China's Xi in Beijing.
Former Russian president has undertaken a surprise trip to Beijing and held talks with Chinese President Xi Jinping during which he said they discussed strategic partnership.
'China is ready to move closer to Russia for the sake of more fair global governance' -Xi Jinping.
Sources: reuters.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

Fed testing FooWire blockchain with Hyperledger

Federal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
Source:www.federalreserve.gov