The last bastion. President Xi Purges Chinas deep state
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News Date: August 20, 2020![](image/g165.jpg)
President Xi is launching his own war against Chinas deep state by launching a full-blown purge of the state security apparatus.
The ultimate goal of the campaign is simple: create police, prosecutors and judges who are absolutely loyal, absolutely pure and absolutely reliable.
Source:www.zerohedge.com
Ripple XRP joins ISO 20022 The Global Payment Standard
Cross-border payments network Ripple (XRP) announced that it has become part of the ISO 20022 Standards Body, becoming its first member focused on distributed ledger technology (DLT). The new payment messaging standard is set to replace SWIFT MT messages as the standard format for cross-border and high-value payments.Source:coinspeaker.com
China astounding Gold reserves to be revealed in CDBC announcement
China hoarded an enormous amount of the precious metal.China Gold reserves to be revealed in Central Bank Digital Currency announcement that threatens U.S. currency hegemony.
It is expected a major announcement of Chinese gold holdings that would astound most analysts would probably be accompanied with any Central Bank Digital Currency release and mention of gold backing.
Source: asiamarkets
Cryptocurrencies backed by gold and shares
Unlike most other cryptocurrencies, YEM is backed by gold and also by 100 000 shares of SafeZone, IncOfficial website: yemfoundation.org/faq
Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the gold price, there is less price volatility compared to Bitcoin or other altcoins.
A guide to gold-backed cryptocurrency:
goldscape.net
Also, Beijing announces a digital currency backed by gold:
consortiumnews.com
Gold Standard imminent
The current fiat international monetary system is ending - unconventional monetary policy has entered a dead end street and can't reverse.Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.
Sources:www.zerohedge.com
Former FED chairman: gold is currency
Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System.Greenspan once said: I view gold as the primary global currency.
It is the only currency, along with silver, that does not require a counterparty signature.
Gold, however, has always been far more valuable per ounce than silver.
Gold is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it.
Sources: cmi-gold-silver