Gesara.news

Articles

Yuan and ruble to replace dollar in Pakistan

Gesara.news » News » Yuan and ruble to replace dollar in Pakistan

News Date: September 29, 2022

Pakistan, among other nations, is brushing off the US dollar due to sanctions by making way for the Chinese yuan and Russian ruble.
The President of the Trade House of Pakistan Association Zahid Ali Khan said on Tuesday: replacing the US dollar with Russian rubles and Chinese yuan is a potential plan Pakistan is considering.
Sources: almayadeen

Australian PM plans tax cuts

Prime Minister Anthony Albanese has announced plans to introduce legislation next week, promising tax cuts for every Australian taxpayer.
He emphasizes the urgency of passing the legislation promptly to facilitate a smooth transition for both employers and the tax office.
"This is legislation which will give every taxpayer a tax cut and it should receive the support of every parliamentarian," he told ABC's Insiders on Sunday.

Zimbabwe to issue more gold coins

Zimbabwe hails gold coin success and wants to issue more.
Gold coins used as currency in Zimbabwe will soon be available in smaller denominations, the central bank says.
Those higher-value gold coins are available to buy at approved banks and are tradeable locally.
Sources: bbc.com

Currency Revaluation RV

A revaluation is a calculated upward adjustment to a country's official exchange rate relative to a chosen baseline.
The baseline can include wage rates, the price of gold, or a foreign currency.
Currency revaluation can be triggered by changes in the interest rates between various countries and large-scale events that affect the overall profitability, or competitiveness, of an economy.
Sources:www.investopedia.com/

Fed to print 9.5 trillion and buy all the gold in the world

To test the value of the printed money, I suggest that the Fed prints $9.5 trillion and buys all the gold in the world, including jewelry, of 170,000 tonnes at the current price of $55.6 million per tonne. If they don't understand what will happen, I can tell them. They would have real problems getting hold of 1 tone of physical gold at that price. By the time they buy the second tonne, the market will value the dollar at its intrinsic value of ZERO, and gold measured in worthless dollars will go to infinity.
Source:goldswitzerland.com

De-dollarization movement started

Russian Foreign Minister Sergey Lavrov has expressed confidence in the ongoing momentum toward the de-dollarization of the global economy, a movement supported by several nations.
Officials from Iran, Venezuela, and Ethiopia have shown a willingness to adopt Russia's Mir payment system without hesitation.
Moreover, these countries envision a seamless transition toward their de-dollarization objectives in the foreseeable future, as indicated by their respective officials.
'De-dollarization has begun, both in practice and in conceptual speeches', Lavrov stated during the latest assembly of Russia's Council on Foreign and Defense Policy think tank.

← Go Back