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Xi Jinping to Visit Saudi Arabia before the end of the year

Gesara.news » News » Xi Jinping to Visit Saudi Arabia before the end of the year

News Date: November 7, 2022

China's Xi Jinping to Visit Saudi Arabia Amid Global Reshuffling.
Chinese leader Xi Jinping is planning to visit Saudi Arabia before the end of the year, according to people familiar with preparations for the trip, as Beijing and Riyadh seek to deepen ties and advance a vision of a multipolar world where the U.S. no longer dominates the global order.
Sources: wsj

Zimbabwe will introduce gold coins

The Monetary Policy Committee resolved to introduce gold coins into the market as an instrument that will enable investors to store value.
The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels.
Also, the Reserve Bank of Zimbabwe (RBZ), announced the review of interest rates and statutory reserves.
The measures come to combat the depreciation of the local currency, soaring inflation, and the threat of economic recession.
Sources: www.rbz.co.zw

Somalia secured the debt relief from IMF and World Bank

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.

Trump predicts a market crash in the next 12 months

Former President Donald Trump anticipated a US economic crash and expressed a hope that it would happen within a year, prior to a potential second term in office, if he were to win the November election.
'When there's a crash, I hope it's going to be during this next 12 months because I don't want to be Herbert Hoover. The one president - I just don't want to be Herbert Hoover,' Trump stated in an interview Monday on Lindell TV.
In 1929, during Herbert Hoover's first year as president, the US stock market crashed, triggering the start of the Great Depression, leading to widespread economic hardship and unemployment across the nation.

Petition to Announce and Implement NESARA act passed under Obama administration

The petition to Announce and Implement the ACT - NESARA reached its goal of 5000 Signatures under Obama administration.
It was created by F.P. on September 28, 2011 and reached 6,623 signatures.
Source:petitions.obamawhitehouse.archives.gov

BRICS Launches BRICS Pay System

BRICS has unveiled BRICS Pay, a new payment platform developed over the past few years.
This system is designed to boost trade and financial transactions within the bloc, emphasizing the use of national currencies over the US dollar.
BRICS Pay aims to streamline cross-border transactions, reduce exposure to currency exchange risks, and enhance the financial independence and stability of its member countries, marking a significant step in challenging the dollar's dominance on the global stage.

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