Elected officials from both the Texas Senate and House have proposed complementary bills to create a state issued digital currency option that would be backed with gold and fully redeemable for either fiat cash or gold.
It is not a conspiracy theory that the central banks intend to use CBDC as a means of control. It was explicitly explained during their annual meeting in 2020.
The global economy is shifting back towards some form of a gold standard while the Federal Reserve is piloting various CBDC projects, new legislation introduced in Congress to block the Fed from issuing individual accounts
Miners are expecting bullish returns in 2023 as they expect the gold prices to catch up with inflation.
The Bretton Woods Accord led to the dollar emerging as a reserve currency.
Following World War II, the US had the largest gold reserves.
Bretton Woods provided fixed gold prices that was pegged to the USD making it the central spoke for trade.
Several weeks ago, the New York Federal Reserve quietly launched a 12 week long trial of a CBDC “digital dollar” pilot program in partnership with global banking giants like Citigroup Inc, HSBC Holdings Plc, Mastercard Inc and Wells Fargo & Co. The NYFR describes the project as an attempt to test the feasibility of using … Read moreNY Federal reserve launches CBDC “trial” on the heels of FTX collapse
Gold, Silver and Platinum began trading higher in the lead up to the midterm elections. There continues to be controversy surrounding the counting of votes in some states and precincts. Most mainstream media outlets have confirmed that the balance of power in the House of Representatives will shift across the aisle to the Republican party. … Read moreWeekly Precious Metals News and Gold Prices
As expected, the Federal Open Market Committee hiked the benchmark interest rate by 3/4 of a percentage point at the end of their two day meeting. Ongoing failed attempts by the Biden administration and Congress to get worries about the economy and a recession out of the minds of voters leading into the mid-term elections … Read moreFederal Reserve Votes to Raise Key Interest Rate .75%
Top CEO’s of major global companies including JP Morgan, FedEx and others are sounding alarm bells as a warning to investors and shareholders of the tsunami of financial woes ahead. Shares of FedEx sunk more than 20% following an announcement to expect lower earnings combined with a bleak forecast of a softening of global shipping … Read moreTop CEOs Issue Warning to Prepare to a Recession
As controversy and scandal continues to plague the LBMA and banks affiliated with the bullion trading cartel, the Eurasian Alliance is pushing for the creation of a new bullion trading system that offers a new pricing infrastructure to help facilitate emerging markets. The most recent scandal at the LBMA includes the criminal conviction of former … Read moreNumerous Criminal Convictions Proves Precious Metals Price Manipulation