More News, Rumors and Opinions Friday PM 9-6-2024
MikeCristo8: China and Russia are Now Ready to use the Gold-Backed Unit
Thursday, 5 September 2024
MikeCristo8 @MikeCristo8
China is now a consumption economy.
Arnaud Bertrand: This is huge: China announces that they'll "give all Least Developed Countries (LDCs) having diplomatic relations with China, including 33 countries in Africa, zero-tariff treatment for 100 percent tariff lines". This means zero-tariff on all products or goods exported to China… Show more
China is shorting oil in dollars before the gold currency launch.
Russia has already bought the gold.
They’re just suddenly making an announcement about it.
Something tells me OPEC has already made the transition to sell oil in gold.
What’s going to happen to all the macro people when the rate cut doesn’t happen?
China is using its citizens’ gold accounts to back the unit by 40%.
Russia accepts gold for oil payments.
Is it coming together now?
The unit has launched.
The General: BREAKING: Russia will start selling oil for gold starting in September.
China and Russia are now ready to industrialize using the gold-backed unit.
Bypassing the dollar in balance of payments.
Source(s):
https://x.com/MikeCristo8/status/1831604089790328872
https://x.com/MikeCristo8/status/1831707967357599983
https://x.com/MikeCristo8/status/1831720250909597816
https://x.com/MikeCristo8/status/1831753302486479014
https://x.com/MikeCristo8/status/1831765667634409912
https://x.com/MikeCristo8/status/1831818263120244839
https://x.com/MikeCristo8/status/1831824828355228006
https://x.com/MikeCristo8/status/1831851422335533202
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Courtesy of Dinar Guru: https://www.dinarguru.com/
yada ...It has been a week since the 95% of the banks in Iraq were activated to handle all the foreign currencies for business and trade. Im of the mind they were monitoring the movements of the currencies for the region and hence the expectation for any moment of us to exchange.
Mike Cottrell The word I got earlier this week was that things are in progress…and to stand by...But I am very encouraged by what is going on. Whether it is in the next few days or the next few weeks…I see this coming to a climax. I really do. And I am very pleased.
TAKE ACTION NOW! DOLLAR MELTDOWN CONTINUES. AND WHAT IS ABOUT TO HAPPEN IS MUCH WORSE.
Greg Mannarino: 9-6-2024
Credit Crisis Hits HARD As 50 Million Americans Abandon Creditors!
Atlantis Report: 9-6-2024
The United States is grappling with an unprecedented financial crisis, with up to 50 million Americans defaulting on their debts.
This has triggered significant disruption in the nation’s credit system, causing widespread economic instability
Lenders are scrambling to contain the fallout, while consumers are overwhelmed by growing debt.
Although the American economy has weathered numerous challenges in recent years, the current credit crisis stands out as the most severe.
With more than 50 million people halting payments to creditors, the situation has progressed from early warnings to a full-scale emergency.
As consumer debt surges, the impact is becoming painfully clear.