Sound Money Is Defending Liberties

Gesara.news » News » Sound Money Is Defending Liberties

Share via:

News Date: September 3, 2020

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right.
Our monies - represent fiat currencies, monopolized by the state.
Fiat money is economically and socially destructive - with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
A free market in money means that people have the freedom to choose the kind of money they wish to use and that people have the freedom to provide their fellow men with alternative goods that may serve them well as money.
Sources:www.zerohedge.com

De-dollarization movement started

Russian Foreign Minister Sergey Lavrov has expressed confidence in the ongoing momentum toward the de-dollarization of the global economy, a movement supported by several nations.
Officials from Iran, Venezuela, and Ethiopia have shown a willingness to adopt Russia's Mir payment system without hesitation.
Moreover, these countries envision a seamless transition toward their de-dollarization objectives in the foreseeable future, as indicated by their respective officials.
'De-dollarization has begun, both in practice and in conceptual speeches', Lavrov stated during the latest assembly of Russia's Council on Foreign and Defense Policy think tank.

Introducing the new global financial system

Answers provided by Sergey Glazyev, Russian Geoeconomics Tzar:
The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources.
And it will liberate the Global South from both western debt and IMF-induced austerity.
Transition to the new world economic order will likely be accompanied by systematic refusal to honor obligations in dollars, euro, pound, and yen.
In this respect, it will be no different from the example set by the countries issuing these currencies who thought it appropriate to steal foreign exchange reserves of Iraq, Iran, Venezuela, Afghanistan, and Russia to the tune of trillions of dollars.
Full article: Authored by Pepe Escobar via The Cradle

CEOs resigning conspiracy theory

Over 24 hours the CEOs of Disney, MasterCard & Salesforce Resigned.
Over Past Month, CEOs of Hulu, LinkedIn, Uber Eats, MGM, IBM, etc. resigned.
Over the past year, 1300+ Global CEOs resigned.
Market Crash? Child Rink bust? Rapture?
Source:reuters.com

SWIFT plans new service, Digital EURO on the horizon

SWIFT announced plans for a new service to help banks improve the experience for small and medium-sized enterprises (SMEs) and consumers who send low-value payments across borders. The service will enable these bank customers to make faster, easier, predictable and competitively priced payments all around the world.
The European Central Bank (ECB) announced that it will start conducting experiments to decide whether to launch a digital euro. In a report setting out the pros and cons of launching a digital euro, the ECB said that it could support the Eurosystems objectives by providing citizens with a safe form of money in the fast-changing digital world.
Sources:www.swift.com, www.euronews.com

Kenya pushes for global financial reform tomorrow

President Ruto of Kenya will lead African presidents in advocating for global financial system reform at an upcoming meeting.
He aims to address the imbalance that favors wealthy nations, pushing for equitable resource distribution.
Ruto's focus includes reforming institutions like the World Bank to ensure African voices are heard.
This initiative underscores the need for a fairer and more inclusive international financial system, resonating beyond Africa's borders.