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The BRICS summit is only six weeks away. It is assumed that a new 40% gold-backed trade settlement currency called the UNIT will be on the agenda. I don't think it will and I offer an alternative.
Specifically, does it represent the foundation being laid towards a central bank digital currency or CBDC launch?"
In 1818, the English writer Mary W. Shelly (1797-1851) published her gruesome novel Frankenstein: The Modern Prometheus, which became world famous.
We're gonna get in depth into alternative currencies and actions we can take in the present moment to create powerful alternatives to CBDCs.
...No! ...the solution is to separate money and the state.
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, "triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring."
China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This signals a potential shift in the global economic landscape, highlighting the country's need for exorbitant amounts of resources.
XRP will likely serve as a world reserve and bridge currency in the future. Per a recently published Map, this proposition comes amid heightened discussions of a potential restructuring of the international monetary system.
Fiat, Funny Money, Banana Republic Bills, and the Great Unraveling
Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia.
US weaponization of dollar is backfiring as BRICS and wider developing world accelerate away from dollar-based trade and holdings
The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs
American payment giants such as GooglePay and AmazonPay are reportedly aiming to participate in the Indian central bank's digital currency pilot.
FOIA Files obtained a series of memos from the Justice Department that show a "large denomination platinum coin" was discussed at the highest levels of government.
The Bank of Russia's CBDC has proven its "efficiency and functionality"
The Reserve Bank of India (RBI) reported that its retail central bank digital currency (CBDC) pilot now has 5 million users and 420,000 participating merchants at the end of June.
