UN Urges Debt Relief for Developing Nations

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News Date: February 25, 2025

The United Nations Development Programme (UNDP) warns that the debt crisis in developing nations has reached unprecedented levels, with debt servicing consuming an increasing share of national revenues at the expense of development.
A new policy brief, released ahead of the G20 finance ministers meeting in Cape Town, highlights that 56 developing countries now spend over 10% of their revenue on interest payments, with 17 exceeding 20%, heightening default risks.
Total external public debt for the 31 poorest nations at risk of debt distress is estimated at $205 billion, while global debt servicing reached a record $1.4 trillion in 2023.
UNDP urges immediate reforms, including a more effective debt restructuring framework, systemic relief initiatives, and reduced borrowing costs to prevent a lost decade of development.
The upcoming Financing for Development conference in June will be a key platform for addressing these urgent issues.

Gold and Silver benefit from FED policy, inflation

Gold prices are hovering around a two-week high as of Friday, showing the biggest weekly gains in over two months as the US Federal Reserve keeps key policy rates unchanged, engendering investors optimism about commodity markets.
The Fed balance sheet is one of the drivers to the expanding money supply. The Feds monetary tools are used to keep rates low and cheap credit flowing. If the Fed keeps up the monetary stimulus, it will continue to drive inflation higher.
If the Fed were to ever try and taper, allowing longer-term rates to rise, it will put pressure on many areas of the economy, including the federal deficit.
In either case, Gold and Silver should benefit from high inflation if the Fed keeps printing or a shrinking economy if the Fed tapers.
Sources: schiffgold.com

Russia plans a digital golden ruble

Russia may allow gold-backed stablecoins under government control according to lawmakers.
The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining.
According to a report by the Central Bank of Russia, the nation's central bank gold holdings surpassed its dollar reserves for the first time in its history, with gold making up 23% of total reserves as of the end of June and dollar assets dropping to 22%.
Source: bitcoin.com

China trials cross-border settlement involving CBDC

China trials cross-border settlement involving cenbank digital currencies.
The bridge test was developed by the Bank for International Settlements.
A central bank digital currency trial focused on cross-border transactions has been completed, BIS said, with Chinese state-owned banks participating as Beijing tries to internationalize its digital yuan.
Sources: reuters

TRUMPSARA: The Great Awakening?

Donald Trump Tweet: All-time Stock Market high. The Vaccine and the Vaccine rollout are getting the best of reviews. Moving along really well. Get those "shots" everyone! Also, stimulus talks looking very good.
The Great Awakening?
The SHOT heard around the world?
The Vice Presidents vaccine event will take place at 8:00AM in EEOB 350 and will be covered by pool press only.
Gematria decode: Moderna Vaccine = Trumpsara
Stay Tuned!
Sources: twitter.com, twitter.com, www.gematrix.org

HSBC Trials Quantum-Secure Tech for Tokenized Gold

HSBC has announced a successful trial of quantum-secure technology for buying and selling tokenized physical gold, a significant step in safeguarding financial applications from future quantum computing threats.
HSBC was the first global bank to offer tokenized gold to institutional investors using distributed ledger technology (DLT) and later expanded this offering to retail investors in Hong Kong through the HSBC Gold Token.
The trial also demonstrated interoperability between gold tokens using post-quantum cryptography (PQC), enabling safe movement of digital assets across ledgers and the conversion of HSBC's tokens into ERC-20 fungible tokens for enhanced distribution.