World Bank is urging debt relief
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News Date: October 11, 2023
The World Bank's new president, Ajay Banga, is urging swift action in providing debt relief.
During a press conference at the Bank's annual meeting in Marrakech, he emphasized the need for expedited efforts to alleviate the economic burdens faced by many nations.
President Banga's message highlights the urgency of addressing global economic challenges and reaffirms the World Bank's commitment to supporting economic stability and sustainable development worldwide.
ISO20022, QFS, Crypto brand new tutorial
ISO20022? is a worldwide industry standard that has been bought in to regulate the interchange of electronic data between financial institutions.It improves the compatibility across technology platforms and this isn't just with the high street bank or your country's bank, this includes digital/cryptocurrencies as well.
ISO networks: XRP/Flare Network, XDC/XinFin Network, XLM Stellar Network.
QFS is not cryptocurrency - it is 'asset-backed' digital currency.
Full tutorial: drive.google.com
Gold, Silver is value. Fiat currencies losing power
Peter Schiff: The End of the Dollar Standard!The reason that governments don't like gold is probably for the same reason that kids don't like chaperones at the senior prom. Because the chaperones are there to keep the kids in line and prevent them from doing things they really shouldn't be doing. And that's really what gold does. It's kind of like a chaperone for government politicians because it keeps them honest. Because if you have real money, and government wants to spend money on programs, it needs to collect that money in taxes. And that generally puts a brake on a lot of programs because the public doesn't want to pay.
Gold stands in the way, because you can print paper out of thin air. But gold can't be printed into existence; it needs to be mined. And if we're on a gold standard, and gold is money, then the government needs real money. And since it doesn't have the ability to make it, it has to collect it in taxes before it can spend it back into circulation.
It's not just the dollar. It's fiat currencies around the world that are losing purchasing power as their central banks are conjuring them into existence at a rate that's far more rapid than the miners are pulling gold out of the ground. Gold's a good store of value. So is silver. Bitcoin - no. Because bitcoin doesn't have any value and you can't store what you don't have.
It's not like we're finally seeing it. We've been seeing it for decades now. The monetary expansion is inflation. And the Fed's been expanding the money supply - they've been inflating the money supply for a long time.
So, I think that if we had a more honest CPI, the effects of inflation would be more apparent.
The government is really basically dropping money from helicopters, and it's about to drop a lot more. And that's going to go right into consumer goods, and it's going to push up prices.
I think the dollar is going to fall for a long time.
A. There's nothing modern about it. It's not like they just discovered the printing press. Central banks have been destroying their currencies with a printing press for a long time.
But if it's already been disproven multiple times, it's really not a theory. It's a tragedy is what it is. So, the whole name doesn't even make sense.
If you're creating all this inflation, eventually it's going to lead to a big increase in money supply, and then by their own definition, they're going to have to withdraw all that money from circulation if they don't want it to become worthless. But it's easier said than done. Once you get everybody high on heroin, how do you take the heroin away without them going through withdrawal? That's what the Federal Reserve just found out - again - when they tried to normalize interest rates after keeping them at zero for so long. The markets started hemorrhaging. They went into withdrawal in the fourth quarter of 2018 and everything started falling apart. So, they had to go back to QE. They had to go back to rate cuts. They had to keep the addict juiced up.
It's the ultimate something for nothing.
Source:www.youtube.com
Biblical Nephilim giants around Trump?
Biblical Nephilim giants walking with POTUS?Is it the same guy in Dan Scavino cover pic (in front of airplane)?
We have good extraterrestrials beings protecting POTUS!
Sources:twitter.com/1wokeindividual, facebook.com/reven.rising.7
The big switch to yuan and National Currencies
Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies.Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam.
Putin expressed that using national currencies for international trading 'should be encouraged further.'
Source: news.bitcoin
Turkey Applies to Join BRICS
September 2 update:Turkey has officially applied to join BRICS, frustrated by the lack of progress in its bid to join the European Union, and aims to become the first NATO member and EU candidate to join the group.
June 9 update:
Turkiye's foreign minister will travel to Russia on June 10 to attend a meeting of foreign ministers of the BRICS+.
Older news:
Turkey, a NATO member, is expressing interest in joining BRICS as an alternative to the European Union to enhance its economic prospects.
Turkish Foreign Minister Hakan Fidan announced this during his visit to China, as reported by the South China Morning Post.
The matter is expected to be discussed at the upcoming BRICS ministers' meeting in Nizhny Novgorod. Russia, through Kremlin Spokesman Dmitry Peskov, has welcomed Turkey's interest, affirming that this initiative will be on the agenda at the next BRICS summit, which Russia is preparing to chair.