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Zimbabwe introduces new currency BACKED BY GOLD

15 days ago -

This comes amid a bid by the southern African nation to stabilize its economy and counteract the devaluation of its previous currency, the Zimbabwean dollar.

Reserve Bank of Zimbabwe Gov. John Mushayavanhu declared on Friday, April 5, while displaying the nation's 2024 monetary policy statement that the "structured currency" or ZiG will be set primarily in gold and foreign currency reserves.

"With effect from today, banks shall convert the current Zimbabwe dollar balances ...

Poll: Americans don’t want a central bank digital currency

June 12, 2023 -

(Article by Adam Dick republished from RonPaulInstitute.org)

This result of the poll conducted from February 27 through March 8 in collaboration with YouGov is promising for Americans concerned about the threat a CBDC, which the Federal Reserve and big financial companies have been testing in preparation for its potential introduction, poses to freedom and privacy in America.

The poll results further indicate that, if Americans can be educated about the abusive government ...

Russia to resume foreign exchange purchases to boost currency reserves

May 05, 2023 -

According to Bloomberg Economics, the move aims to bolster Russia's reserves as growing energy revenues "stabilize" public finances despite the West's efforts to squeeze Kremlin's income. The media outlet estimated initial volumes amounting to an equivalent of around $200 million in yuan per month.

The Chinese currency is the main asset Russia can still use to conduct transactions for its $154 billion wealth fund because of the sanctions that cut the country off from the world's ...

The Health Ranger denounces DISHONEST and UNRELIABLE fiat currency banking system

September 15, 2023 -

He made this denouncement during a Sept. 7 appearance on the "Crypto Coin Show" hosted by Ashton Addison, which also aired as an episode of the "Health Ranger Report." Adams, a fan of privacy cryptocurrency, blasted the fiat currency banking system as a dishonest and rigged ledger where people will never get ahead.

"We've seen a lot of viewpoint discrimination in the banking industry," he told Addison. "Those things together really led me to understand that the fiat ...

Gold, silver and bitcoin SOAR as U.S. empire nears final currency COLLAPSE

2 months ago -

Inflation continues to roar, as are the prices for gold, bitcoin and other non-fiat assets that continue to outperform increasingly worthless U.S. paper dollars. Gold is teetering at an all-time high, as is bitcoin. Meanwhile, the U.S. dollar is, well, not as popular as it once was.

The U.S. stock market, led by Nvidia and a couple other stocks, is also oscillating at an all-time high while the rest of the market drops. All of this combined with steadily rising inflation ...

Zimbabwe defies IMF, sells gold-backed digital tokens to stabilize volatile currency

May 17, 2023 -

According to ZeroHedge, the Reserve Bank of Zimbabwe's (RBZ) sale of gold-backed digital currency "will allow small amounts of Zimbabwe dollars to be exchanged for the digital gold token." This will enable more Zimbabweans "to hedge against currency volatility" – an issue the southern African country has been dealing with for more than a decade now.

The RBZ began selling the gold-backed digital tokens on May 8. Individuals were able to buy the tokens for a minimum price ...

Argentina on brink of collapse as currency fails, leaving country nearly broke

May 14, 2023 -

As per Buenos Aires-based consulting firm 1816 Economia & Estrategia, the South American nation has already depleted all of its available liquid international reserves, along with an additional estimated $1 billion. This situation further intensifies the challenges faced by the country, as it deals with a historic drought and the looming prospect of a recession, Bloomberg News reported this week.

With limited available cash reserves, concerns are emerging regarding the government's ...

SWIFT’s new central bank digital currency platform could be ready in 1-2 years

18 days ago -

They recently carried out a six-month trial that included 38 central banks, settlement platforms and commercial banks in what was one of the biggest global collaborations of its kind so far. The goal was to see whether the CBDCs of different countries could be used together despite being built on different protocols and underlying technologies.

They found that it will be feasible to use different CBDCs for highly complex trade and foreign exchange payments. Instead of needing ...

BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar

July 28, 2023 -

This is according to multiple experts who warn that BRICS' proposal to leverage the power of gold could end with these five nations beating the dollar.

Investment banker and author Jim Rickard noted that as inflation and devaluation continue to affect the U.S. dollar, the price of this new gold-backed BRICS currency would only keep rising.

"It's a way to destroy the dollar. You don't need dollars and you don't need gold. You just need to be smart enough to anchor ...

De-dollarization efforts continue: BRICS member nations to discuss COMMON CURRENCY in August meeting

May 15, 2023 -

Voice of America (VOA) reported that the group – which consists of Brazil, Russia, India, China and South Africa – will touch on common currency during the 15th BRICS summit scheduled this coming August in Johannesburg, South Africa. At least three of the BRICS group's members – Russia, China and Brazil – are backing the effort, it added.

Naledi Pandor, South African International Relations Minister, said a move away from the dollar could empower other countries. She, however, ...

Ibuprofen kills thousands each year, so what’s the alternative?

July 30, 2023 -

(Article by Sayer Ji republished from GreenMedInfo.com)

The 2004 Vioxx recall, as you may remember, was spurred by the nearly 30,000 excess cases of heart attacks and sudden cardiac deaths caused by the drug between 1999-2003. Despite the fact that scientific research had accumulated as early as 2000 linking Vioxx to increased heart attacks and strokes, the drug's manufacturer Merck, and the FDA, remained silent as the death toll steadily increased.

The Reuters report ...

Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market

15 days ago -

This surge in yuan usage comes as part of Russia's ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European Union over the conflict in Ukraine.

These financial constraints have made cross-border trade in euros and dollars more challenging and reduced their significance in Russia's domestic foreign exchange market. (Related: China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world’s ...

IMF hints that countries will soon be able to repay debt using Chinese YUAN currency

July 21, 2023 -

IMF spokesperson Julie Kozack confirmed that Argentina paid off $1.1 billion of its $2.7 billion debt using the yuan, and that it may soon become the norm for other countries to do the same.

"As we have stated in the past, the Argentine authorities continue to remain current on their financial obligations to the IMF," Kozack said at a press briefing.

"The RMB is one of the five freely usable currencies that members can and have used to settle their obligations with ...

BRICS members discuss possible expansion and creation of common currency to challenge US dollar’s supremacy

June 09, 2023 -

The five nations that make up BRICS – Brazil, Russia, India, China and South Africa – represent more than 40 percent of the global population, and their share of the world economy – when measured in purchasing power parity – outperforms that of the American-led G7 bloc.

Once viewed simply as a loose association of disparate emerging economies seeking to find a way to make it easier to sign trade deals with one another, BRICS has in recent years taken on a more concrete ...

Financial analyst warns China will overtake American economy and dollar is finished as global reserve currency

a month ago -

Bove, whose predictions have been accurate in the past, is convinced that other analysts also see the writing on the wall but won’t speak up about it because they are “monks praying to money” and don’t want to talk about the financial systems that are the source of their livelihood.

He told the New York Times in no uncertain terms: “The dollar is finished as the world’s reserve currency.”

He identified the offshoring of American manufacturing as one of the biggest ...

Decentralize.TV: David Morgan discusses the importance of owning physical GOLD and SILVER instead of paper currency

January 16, 2024 -

"You must have physical gold and silver, or at least physical silver, and there's a reason for that. It is the money of last resort, much more so than gold," he told hosts Mike Adams and Todd Pitner. He added that people can pay or buy anything they want using silver.

According to Morgan, a widely recognized analyst in the precious metals industry, people need to think about what they own – whether it be precious metals or fiat currency. He touted the advantages of silver, ...

De-dollarization efforts continue: BRICS member nations reduce U.S. treasury holdings to boost local currency value

September 29, 2023 -

Several members of the BRICS economic alliance, including China, Brazil and India, have been divesting from U.S. government-backed assets, primarily U.S. treasuries.

China, the largest foreign holder of U.S. treasuries, reduced its holdings by $13.6 billion in just one month, bringing its total divestment to $117.4 billion over 12 months. Brazil and India also trimmed their U.S. treasury holdings, shedding $2.7 billion and $2.3 billion, respectively.

These moves ...

American banks are taking part in central bank digital currency trials funded by Epstein-linked MIT lab

2 months ago -

This is according to Aaron Day, who wrote a book called The Final Countdown about the threat of CBDCs, a type of digital currency that requires people to open up bank accounts directly with a central bank like the Federal Reserve. This is something that would naturally provide governments with an unsettling level of control over their citizens' access to money.

According to Day, well before President Joe Biden signed an executive order pushing for CBDCs to be established ...

Sweet potato flour: A healthy, gluten-free alternative to wheat flour

a month ago -

Sweet potato flour is made from dried or dehydrated sweet potato (Ipomoea batatas) tubers, which are then finely ground. It has a a slightly sweet taste that complements many cuisines. Its low protein content makes it more suitable for tender baking applications, such as cakes, muffins, pie crusts or some cookies.

It is a good source of resistant starch, which is excellent for digestive health and blood sugar management. Because of its high starch content, it is best used ...

The ANTIBACTERIAL potency of honey: A natural alternative to prescription antibiotics

September 26, 2023 -

The medicinal importance of honey is documented in the world’s oldest medical literature. It is known for its potent antimicrobial properties.Inherent characteristics of antibacterial honey

According to studies published in the Saudi Journal of Biological Sciences and the journal Antibiotics, various honey components contribute to the antibacterial efficacy of honey. The following elements are present at different concentrations, depending on the bee type, source of ...