Biden cited Republicans: Trump is still President

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News Date: October 22, 2021

Biden at the 10-year anniversary of the Martin Luther King, Jr. memorial:
It's something like 20 percent of the Re- or half the Republicans - the registered Republicans: I am not your President; Donald Trump is still your President. As we Catholics say, "Oh, my God."
Sources: twitter.com ,www.dailymail.co.uk

20 countries apply to join BRICS

According to Sergey Ryabkov, the deputy foreign minister of Russia, there are currently about 20 countries applying for membership in the BRICS, and that number is only increasing.
"I can say that, in our view, the Arab world and the Asia-Pacific region have been clearly 'begging' to join BRICS, as they have no representation there today.
But we will see exactly what we can offer to the leaders regarding this, and leave this to the leaders to decide at the summit in Johannesburg," he concluded.
source:Tass Agency

Banks in Big Trouble. Seismic events on the horizon

Banks are making desperate moves. Wells Fargo is shutting down all existing personal lines of credit in the coming weeks and no longer offers the product.
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to ten years.
But the increasing financialisation of commercial banking brings the risk of tying its future firmly to a financial bubble. And with price inflation on the increase, it is only a matter of very little time before that bubble bursts.
Sources: www.cnbc.com, www.goldmoney.com

Iraq to Regain Control of Its Own currency

Washington stops the automatic deduction from Iraqi oil revenues to compensate Kuwait.
The Chairman of the Committee of Financial Experts, Abdul Basit Turki, revealed, Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait's compensation.
Turki called for the Ministry of Foreign Affairs and the concerned authorities to move to urge the formulation of a draft resolution that includes removing Iraq from the provisions of Chapter VII of the Charter of the United Nations completely.
With Chapter 7 Lifted, Iraq Regains Control of Its Own currency, oil, and economy.
Source: search4dinar.wordpress.com

Indian Sovereign Gold Bonds

The Reserve Bank of India (RBI) has announced the Sovereign Gold Bond Scheme 2022-23 - Series III, which will be open for subscription during December 19-23, 2022.
Sovereign Gold Bonds, or SGBs, are issued by the Reserve Bank of India on behalf of the Indian government as an alternative to physical gold.
These gold bonds can be sold only to resident individuals, Hindu Undivided Families (HUFs), trusts, universities, and charitable institutions.
These bonds offer a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated.
Sources: indianexpress

Central banks gold reserves switch

The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won't let inflation run too hot, even if it means slower growth.
In commodities, the upside potential in gold is more than just a safe haven hedge, as the rising geopolitical tensions and the latest sanctions imposed on the Russian central bank will bring the central banks around the world to reconsider their FX holdings, and start shifting towards a nationless gold.
Source: youtube.com