Zimbabwe interested in SWIFT alternatives
Gesara.news » » Zimbabwe interested in SWIFT alternativesDate: March 16, 2023
The Zimbabwean government would like to become a member of the BRICS economic bloc, the speaker of the ruling party ZANU-PF said on Wednesday.
"We made it clear that we would like to become a member of the BRICS," Christopher Mutsvangwa told Russia's RIA Novosti news agency.
The official added that his country is interested in developing alternatives to the Western-dominated SWIFT payment network.
In his view, BRICS could contribute to that.
Fiat destruction. Crypto or gold?The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com
Star Trek-like Replicator prints 3D objectsThis is a new technique to 3D print entire objects in one go, by solidifying liquid resin with projected light.
Scientists have invented a 3D printer that uses light to transform gloopy liquids into solid objects.
Nicknamed the replicator after the Star Trek machine that makes things on demand, the device can create objects that are smoother and more complex than those made with standard 3D printers.
JFKs Executive Order 11110 to Abolish the FEDExecutive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.
When Kennedy signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency- money without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority: to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated.
Switching to gold standardDeutsche Bank's top credit strategist Jim Reid has described himself as "a gold bug," and reckons "fiat money is a passing fad in the history of money," RT's Keiser Report recalls for the show's viewers.
Danske Bank forgives debts for 90,000 customersDanske Bank AS said that 90,000 Danish customers that owe the bank money will have their debt balance wiped clean after discovering errors in the bank's debt-collection systems.
The Copenhagen-based bank became aware of systemic errors in its debt-collection systems in 2019 and has been working to correct past mistakes and compensate affected customers, but as remediation has progressed new issues have emerged, extending the timeline for resolution potentially beyond 2024.