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The importance of Russia’s announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22—24 in Johannesburg seems to have gone completely over everyone’s heads, with mainstream media not even reporting it. (Article by Alasdair Macleod republished from GoldMoney.com) This is a mistake. China and Russia know that if they are […]
Russia recently announced the possibility of the gold market’s new bullish momentum with the introduction of a new trading currency backed by gold. This compounds the de-dollarization trend unfolding in the global economy, which included the prevalent historic pace of purchasing precious metals by central banks worldwide since the middle of 2022 to diversify their reserve […]
For former member of the European Parliament and Brexit leader Nigel Farage, the prevalent “debanking” efforts in the United Kingdom are paving the way for the tyranny of a cashless society. The said practice by traditional banks of suspending accounts is apparently driven by the use of holdover European Union directives prior to Brexit, Farage said. […]
The United States dollar (USD) could suffer another huge blow that could send it down the drain as heads of the Shanghai Cooperation Organization (SCO) member states have made a landslide decision to conduct the majority of transactions in national currencies instead of the American dollar, following Iranian President Ebrahim Raisi’s proposal to ditch the dollar […]
Eswar Prasad, a Cornell University professor, has warned that central bank digital currencies (CBDCs) – with their expiry dates and restrictions on “less desirable” purchases – could lead economies to a much dark path. Prasad issued the warning during the 14th Annual Meeting of the New Champions hosted by the World Economic Forum (WEF). During one of […]