Somalia secured the debt relief from IMF and World Bank

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News Date: December 13, 2023

Following Ethiopia's $1.5 billion agreement in November, the IMF and World Bank recently granted $4.5 billion to Somalia in debt relief, which represents a significant step toward reducing financial pressures in the region.
This show of unity denotes a deliberate attempt to tackle the economic difficulties these countries are facing.
It seeks to strengthen Somalia's faltering economy and promote stability and long-term growth in the region by reducing debt.
These programs highlight the value of international collaboration in supporting poor countries, highlighting the critical role these organizations play in enabling economic recovery and supporting important developmental projects.

IRS Closing, Trump proposes eliminating payroll tax

IRS Quietly Closing Offices During COVID-19 Crisis, But Union Says It's Not Enough.
Trump proposes eliminating payroll tax through the end of the year.
Remember NESARA Section 2. Abolishes the income tax.
Sources:nbcnews.com, forbes.com

Defcon Level Warning System: Returning To Gold Standard

Russia is reportedly returning to the gold standard.
The government will abolish the VAT (tax) on bullion when purchasing gold bars or other precious metals from a bank.
The 20% current tax on top of its value will not apply.
According to Money Week China 'almost certainly' owns more gold than the United States and both Russia and China have been expecting that they must separate from the U.S. dollar and have been increasing their gold holdings so that they will be prepared for such a time.
Maxime Bernier said that China and Russia have both accumulated a lot of gold and are dumping their dollar assets.
"By escalating the Ukraine conflict and imposing financial sanctions, we are pushing them to establish an alternative global monetary system, likely based on gold" he stated.
"When this happens the US$ will crash and our massively indebted economies will suffer.
This is a big geopolitical blunder. And btw Canada has no gold reserve. We won't have anything to support the CAN$. Almost nobody sees this coming". he added.
Maxime Bernier said that he supports the return to sound money and a gold standard, but not in an 'unprepared and destabilizing fashion as the one we are facing now'.
Source: Defcon Level Warning System

The new Petro-Gold-Yuan system

Gold will be instrumental in China's plan to create an international oil/renminbi market.
Gold will be a crucial factor for China as the nation looks to strengthen the yuan's international credibility and continues to push forward its plans to buy oil from Saudi Arabia.
Sources: kitco.com

Shiny Sovereignty: Florida Moves Toward Gold and Silver Payments

🏆 Governor Ron DeSantis has signed HB 999, a bill setting the stage for gold and silver to become legal tender in the state.
⌛ Set to take effect by July 1, 2026, the law would allow both government and private entities to voluntarily accept precious metals for debt payments. It also removes certain sales taxes for qualifying gold and silver.
🏦 DeSantis says the move is about financial freedom and pushing back against "government overreach." Coins must meet strict purity standards—99.5% for gold and 99.9% for silver—and be stamped with weight and purity.
🥇🥈 With gold hitting record highs amid economic uncertainty, Florida joins states like Utah in giving precious metals a seat at the financial table.
⚖ Freedom, sovereignty, and shiny currency—Florida is placing its bets on real value.

What is the Gold Standard

Gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency.
In an international gold-standard system, gold or a currency that is convertible into gold at a fixed price is used as a medium of international payments. Under such a system, exchange rates between countries are fixed; if exchange rates rise above or fall below the fixed mint rate by more than the cost of shipping gold from one country to another, large gold inflows or outflows occur until the rates return to the official level.
President Franklin Roosevelt suspended the gold standard in 1933, a move which is widely credited with helping the country climb out of the Depression.
Sources: youtube.com, www.cbsnews.com