High Level Talks Indicate Vietnam Poised to Join BRICS: Great News for VND

High Level Talks Indicate Vietnam Poised to Join BRICS: Great News for VND

On May 26, 2024 By Awake-In-3D

Vietnam’s anticipated membership in BRICS+ highlights its growing global economic influence and benefits for the Vietnamese Dong (VND).

In This Article

• Overview of Vietnam’s Economic Growth

• Insights from the Recent High-Level Talks

• Strategic Importance of BRICS+ Expansion

• Future Prospects for Vietnam within BRICS+

• Benefits to the VND from BRICS Membership

Vietnam’s potential membership in the BRICS+ alliance marks a significant milestone in its global economic status.

This development comes as the country continues to strengthen its economic ties with major global powers and emerges as a key player in the international arena.

Overview of Vietnam’s Economic Growth

Vietnam’s economy has been one of the fastest-growing in the world, characterized by robust GDP growth, increasing foreign direct investment, and expanding industrial sectors.

Its strategic location, coupled with a young and dynamic workforce, has attracted numerous multinational corporations seeking to diversify their supply chains. This economic boom positions Vietnam as a prime candidate for inclusion in influential global groups like BRICS+.

Insights from the Recent High-Level Talks

During a recent visit to Vietnam, Dr. YKOVLEV ARTEM ALEXANDROVICH, Director of the Center for Russian Strategy in Asia, engaged in discussions with the Vietnamese Prime Minister.

The talks focused on potential economic collaborations between Vietnam and the Russian Federation and explored the feasibility of expanding BRICS membership to include Vietnam.

Dr. Alexandrovich emphasized the resilience of the Russian economy despite extensive sanctions and highlighted the strategic partnerships Russia has forged with China and other Asian countries.

He noted that these alliances have been instrumental in sustaining economic growth and stability. The discussions underscored the mutual benefits that Vietnam’s inclusion in BRICS+ would bring, aligning with the shared objectives of fostering economic cooperation and development.

Strategic Importance of BRICS+ Expansion

BRICS represents a coalition of emerging economies with significant global influence. The proposed expansion under the BRICS+ model aims to include other rapidly growing economies, enhancing the group’s geopolitical and economic clout.

Vietnam’s inclusion would not only bolster its own economic ambitions but also contribute to the collective strength of BRICS+.

Dr. Alexandrovich highlighted that the expansion of BRICS is crucial for reshaping the global geopolitical and geo-economic landscape, promoting a multipolar world order.

When asked if Vietnam would be a good candidate to join BRICS, Dr. Alexandrovich replied, “Vietnam’s economic trajectory aligns well with the goals of BRICS+, making it a valuable addition to the alliance.”

This membership would open up new avenues for trade, investment, and technological collaboration, benefiting all member countries.

Future Prospects for Vietnam within BRICS+

As Vietnam prepares to join BRICS+, the country stands to gain significantly from increased access to markets, resources, and technology from other member nations.

Also read: Why the Vietnam Dong (VND) Will Likely RV First

This membership would accelerate Vietnam’s economic growth, enhance its global trade relations, and provide a platform for greater influence in international economic policies.

Furthermore, Vietnam’s participation in BRICS+ aligns with its long-term strategic goals of diversifying economic partnerships and reducing dependency on any single market. By joining forces with other emerging economies, Vietnam can strengthen its position in global value chains and contribute to shaping the future of international economic governance.

Key Benefits to the VND from BRICS Membership

Today, the expanded BRICS+ nations collectively represent over 40% of the world’s population and around 25% of global GDP.

Stabilized Exchange Rate: As part of BRICS+, Vietnam could benefit from a more stable Vietnamese Dong (VND). The economic collaboration within the bloc, including trade settlements in local currencies, could reduce Vietnam’s reliance on the US dollar, leading to less volatility in the VND exchange rate.

Stronger Financial Support: Vietnam would have access to financial resources from the BRICS New Development Bank (NDB). This can help support infrastructure projects and other development initiatives without the stringent conditions often imposed by Western financial institutions. Enhanced financial stability and support can bolster investor confidence in the VND.

Enhanced Foreign Exchange Reserves: Trade within the BRICS+ framework can lead to increased foreign exchange reserves for Vietnam. As trade grows, so does the inflow of foreign currencies, which can help stabilize and strengthen the VND.

Increased Investment: Membership in BRICS+ can attract more foreign direct investment (FDI) into Vietnam. Investors often view membership in such influential groups as a sign of economic stability and growth potential. Increased FDI can further strengthen the economy and, consequently, the VND.

The Bottom Line

Vietnam’s anticipated entry into the BRICS+ alliance signals a pivotal moment in its economic evolution.

The country’s impressive growth, strategic partnerships, and alignment with BRICS+ objectives position it as a key player in this expanding coalition.

As BRICS+ continues to shape the global economic landscape, Vietnam’s membership promises to bring mutual benefits, drive collective prosperity for all member nations, and enhance the stability and strength of the Vietnamese Dong.

Contributing article: https://dttc.sggp.org.vn/advantages-of-vietnams-involvement-in-brics-post113437.html

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International Monetary Units: How SDRs Lead to Our GCR

International Monetary Units: How SDRs Lead to Our GCR

On May 21, 2024 By Awake-In-3D

The quest for a global currency reset leads us back to the origins of international monetary units, marking the SDR architecture as the critical starting point.

This is Part 1 of a 2-Part examination of mapping the GCR Gold Monetary Unit

In This Article:

1. The Birth of Special Drawing Rights (SDRs)

2. Challenges Faced by SDRs

3. The Rise of Gold-Backed Stablecoins

4. The Future of International Monetary Units

Does GCR stand for Global Currency Reset or Golden Currency Reset?

Actually, it could stand for both.

The concept of international monetary units has evolved significantly over time, reflecting changes in the global financial landscape.

From the introduction of the Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) in 1969 to the advent of gold-backed digital stablecoins today, these units have undergone substantial transformation.

“At last… the elusive GCR is within reach!” Source: Disney Entertainment

 The Birth of Special Drawing Rights (SDRs)

In 1969, the IMF introduced SDRs as a novel international monetary unit. The goal was to supplement gold and currency reserves of member countries.

The SDR was conceived as a potential global currency, aiming to stabilize the global economy and provide liquidity.

This international unit of value was designed for exchange between central banks and to act as a buffer against economic crises.

Challenges Faced by SDRs

Despite its promising start, the SDR faced several challenges.

The primary issue was that SDRs were not anchored by any tangible asset like gold, making them fiat in nature. This lack of real backing made it difficult for SDRs to establish a stable value against other fiat currencies.

Consequently, the SDR failed to gain widespread acceptance as a currency and became more of a tool for international debt management rather than a functional global currency.

The Rise of Gold-Backed Stablecoins

With advancements in financial technology (FinTech), the landscape of international monetary units began to shift.

Digital innovations have paved the way for the creation of gold-backed stablecoins, offering a more reliable and practical solution.

Unlike SDRs, these stablecoins are backed by physical gold, providing a tangible asset that helps maintain their value and stability in the international market.

The Future of International Monetary Units

The journey from SDRs to gold-backed stablecoins highlights the evolution of international monetary units in response to technological advancements and economic needs.

While SDRs represented a bold experiment, their shortcomings underscored the importance of backing currencies with tangible assets.

The emergence of digital, gold-backed stablecoins marks a significant advancement, offering a promising future for international trade and financial stability.

The Bottom Line

The evolution of international monetary units from SDRs to gold-backed stablecoins illustrates the continuous search for a stable and reliable global currency.

As technology advances, the possibility of a global currency reset becomes more attainable, with gold-backed stablecoins leading the charge towards a more stable and secure financial future.

The quest for a global currency reset finds its starting point in the SDR architecture, marking a significant milestone in the journey towards financial stability.

SDRs Explained: https://www.investopedia.com/terms/s/sdr.asp

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Why the Federal Reserve Fears This New Bill to End Its Power: Awake-In-3D

Why the Federal Reserve Fears This New Bill to End Its Power

On May 21, 2024   By Awake-In-3D

Opening the door for an American MONETARY AND CURRENCY RESET that ends the Fiat Financial System

In This Article

• Ending the FED: This is the Way

• H.R. 8421 and its Purpose

• Representative Thomas Massie’s Motivations

• Key Supporters and Historical Context

• Potential Impact on the Economy

A strong argument can be made that the Federal Reserve Central Banking system has enabled every financial crisis since its creation in 1913.

Initially established to stabilize the American monetary system, the Federal Reserve’s primary goal has been to control the U.S. dollar.

Over the years, the Federal Reserve has implemented strategies such as removing the dollar from the gold standard and monetizing the national debt issued by the U.S. Treasury.

Despite its significant monetary control, the Federal Reserve is not a government entity; it is a private bank owned by a collective of private board members and the largest banks in the United States.

This private ownership raises concerns about the Federal Reserve’s true motivations and accountability.

The introduction of the Federal Reserve Board Abolition Act faces formidable opposition from these powerful Banksters, who will undoubtedly fight to prevent this bill from becoming law.

This bill, sponsored by Representative Thomas Massie (R-KY), seeks to dismantle the Federal Reserve System, aiming to address the inflationary pressures that have plagued the American economy.

With substantial support in the House of Representatives, this legislation could significantly alter the nation’s financial landscape.

Introduction of H.R. 8421 and its Purpose

H.R. 8421 proposes the abolition of the Board of Governors of the Federal Reserve System and the Federal Reserve banks.

It also calls for the repeal of the Federal Reserve Act of 1913, the law that established the Federal Reserve System.

This significant move aims to dismantle the central bank, which Rep. Massie and his supporters argue has been responsible for severe economic issues, particularly inflation.

Representative Thomas Massie’s Makes His Case

Rep. Massie has been vocal about his concerns regarding the Federal Reserve’s role in the economy. He argues that the central bank’s policies during the COVID-19 pandemic, which included creating trillions of dollars and lending them to the Treasury Department, have led to unprecedented deficit spending.

According to Massie, this “monetizing of the debt” has devalued the dollar and fueled the inflation that is now impacting millions of Americans.

 “Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” said Massie.

He believes that ending the Federal Reserve is the most effective way to curb inflation and protect the financial well-being of retirees and savers.

Key Supporters and Historical Context

The Federal Reserve Board Abolition Act is backed by several prominent members of the House, including Rep. Andy Biggs (R-AZ), Rep. Lauren Boebert (R-CO), and Rep. Josh Brecheen (R-OK), among others.

This legislation echoes previous efforts by former Representative Ron Paul (R-TX), who first introduced a similar bill in 1999 and continued to champion the cause until 2013.

Rep. Massie’s reintroduction of this bill is also complemented by his Federal Reserve Transparency Act of 2023, which aims to audit the Federal Reserve.

This dual approach seeks to both dismantle and scrutinize the central bank, reflecting a broader movement among certain lawmakers to reduce the power and influence of the Federal Reserve.

Impact on the US Economy

If enacted, H.R. 8421 would initiate a one-year period during which the Federal Reserve System would be dismantled.

During this time, employees would receive compensation, and the assets and liabilities of the Federal Reserve would be managed and liquidated. The Director of the Office of Management and Budget would oversee this process, ensuring an orderly transition.

The abolition of the Federal Reserve could lead to significant changes in the U.S. financial system. Proponents argue that it would eliminate the inflationary policies that have eroded the value of savings and increased economic inequality.

Critics, however, warn that such a drastic move could destabilize financial markets and lead to economic uncertainty.

As if we are not already in unprecedented times of financial uncertainty?

The Bottom Line

The introduction of the Federal Reserve Board Abolition Act by Rep. Thomas Massie is a bold proposal aimed at fundamentally restructuring the U.S. financial system.

With significant support in the House, this legislation represents a critical juncture for economic policy and monetary independence in America.

We all need to support this Bill with passion. Let your congressional representatives know you want to END THE FED.

• Read the full text of the Bill here: https://massie.house.gov/UploadedFiles/EndTheFed.pdf

• Read Representative Massie’s Press Release here: https://massie.house.gov/news/documentsingle.aspx?DocumentID=395644

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How Deleting Three Zeros Will Change the Iraqi Dinar: Awake-In-3D

How Deleting Three Zeros Will Change the Iraqi Dinar

On May 20, 2024 By Awake-In-3D

The critical differences between currency re-denominations and exchange rate purchasing power explained.

In This Article

• Introduction to Currency Re-Denominations

• IQD: Practical Examples and Misconceptions

• The Impact on Salaries and Real-Life Scenarios

• Kuwaiti Dinar: Understanding Currency Exchange Rates and Purchasing Power

Currency re-denominations and exchange rate purchasing power are essential concepts to clearly understand in a global financial system.

They influence how money is valued and used in different economies.

Introduction to Currency Re-Denominations

Currency re-denomination involves changing the face value of a country’s currency by removing zeros from the notes. They are not rare.

Romania, for instance, re-denominated their currency in 2005 by deleting five zeros. Both the old and new notes remained in circulation together.

Romania deleted five zeros from their currency in 2005

This process does not alter the currency’s actual purchasing power. It is typically undertaken to simplify transactions and accounting.

Practical Examples and Misconceptions

Example: Iraq

Consider Iraq, where a 1,000 IQD note currently buys a single loaf of bread.

If Iraq re-denominates its currency by removing three zeros, the new note would be a 1 IQD note. Despite this change, the new 1 IQD note would still buy the same loaf of bread.

The purchasing power remains unchanged because the value of the currency relative to goods and services stays the same.

Common Misconceptions

Some people believe that removing zeros from a currency increases its purchasing power.

For example, they might think that the new 1 IQD note would buy 1,000 loaves of bread instead of one. This misconception ignores the fundamental principle that re-denomination is merely a cosmetic change.

The actual value of the currency, and what it can buy, does not increase.

The Impact on Salaries and Real-Life Scenarios

To further clarify, let’s consider a salary scenario.

If an individual in Iraq earns 100,000 IQD per month, a re-denomination removing three zeros would change their salary to 100 IQD per month.

The new 100 IQD salary would still have the same purchasing power as the old 100,000 IQD salary, allowing them to buy the same amount of goods and services.

Historical Context: Zimbabwe

Zimbabwe’s experience with re-denomination provides a similar example in reverse.

During periods of hyperinflation, Zimbabwe repeatedly added zeros to its currency, creating notes worth trillions of ZIM.

Zimbabwe 2008 100 Trillion note.

However, these new notes did not buy more than the previous billion ZIM notes, illustrating that re-denominations do not enhance purchasing power.

Understanding Currency Exchange Rates and Purchasing Power in Kuwaiti Dinar (KWD)

Determining a currency’s purchasing power relative to other currencies involves complex calculations, especially with fiat currencies.

For example, Kuwait’s dinar (KWD) has the highest exchange rate against the US dollar. However, this does not mean that the average Kuwaiti has higher international purchasing power than the average American.

Salaries in Kuwait are lower in KWD terms, reflecting the exchange rate’s impact.

Example: Moving from the USA to Kuwait

If someone earning $100,000 per year in the USA moves to Kuwait for work reasons, they cannot expect to earn 100,000 KWD per year.

This would be equivalent to earning $260,000 per year instead of the previous $100,000/year.

It would be great for the person moving to Kuwait, yet it is a completely unrealistic scenario.

Instead, their salary in Kuwait would be adjusted to match the KWD/USD exchange rate, likely around 38,000 KWD per year at current rates.

This ensures that their salary purchasing power remains reasonably consistent across currencies.

The Bottom Line

Currency re-denominations and exchange rates are vital in understanding how money functions globally.

Re-denomination changes the face value of money but not its purchasing power.

Similarly, exchange rates impact how much goods and services can be bought in different currencies.

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VND Update: U.S. Trade Upgrade Promises Stronger Exchange Rate

VND Update: U.S. Trade Upgrade Promises Stronger Exchange Rate

On May 18, 2024
By Awake-In-3D

New Market Economy Status Could Transform Economic and Trade Relations

In This Article:

1. Overview of the U.S. Department of Commerce Review

2. Advocates’ Arguments for Vietnam’s Market Economy Status

3. Concerns from U.S. Industries

4. Broader Economic and Geopolitical Implications

The United States is considering a significant economic move for upgrading Vietnam from a non-market economy (NME) to a market economy.

This change seeks to end high anti-dumping and countervailing duties on Vietnamese imports, while boosting Vietnam’s economy and its struggling VND currency exchange rate with the US Dollar.

Overview of the U.S. Department of Commerce Review

The U.S. Department of Commerce is set to complete its review of Vietnam’s economic status by late July 2024.

Currently, Vietnam is among 12 countries designated as NMEs, subjecting its goods to higher duties. Proponents argue that Vietnam has made substantial progress in currency convertibility, labor rights, and openness to foreign investment, qualifying it for an upgrade.

Advocates’ Arguments for Vietnam’s Market Economy Status

Vietnam’s Ministry of Industry and Trade (MOIT) and other proponents highlight several key improvements.

They point to enhanced currency convertibility, improved labor rights, and increased openness to foreign investments.

Major investors such as Samsung, Intel, and Nike have significantly contributed to Vietnam’s economic landscape, demonstrating confidence in its market reforms.

Concerns from U.S. Industries

Opponents, including U.S. steelmakers and agricultural groups like the Southern Shrimp Alliance, express concerns about potential negative impacts on American industries.

They argue that ongoing state intervention and unfair trade practices in Vietnam could harm U.S. businesses.

The decision also faces scrutiny from U.S. domestic politics, particularly in swing states like Pennsylvania, where the impact on local industries is a critical consideration.

Broader Economic and Geopolitical Implications

Changing Vietnam’s status holds broader implications beyond trade.

Economically, it would strengthen the VND and enhance Vietnam’s position in the global market. Geopolitically, it could counterbalance China’s influence in the region, fostering closer U.S.-Vietnam economic relations.

The potential upgrade also reflects Vietnam’s infrastructural and business reforms, offering growth prospects for U.S. firms and increasing foreign direct investment, which rose to $3.5 billion in 2022.

The Bottom Line

The potential upgrade of Vietnam’s economic status by the U.S. Department of Commerce could significantly impact trade relations and strengthen the Vietnamese dong.

The decision, expected by late July 2024, will play a crucial role in shaping the future of U.S.-Vietnam economic and geopolitical dynamics.

Supporting article: Vietnam Briefing MAY 9th 2024

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How Gold Could RV To $27,374 Against The Fiat Dollar: Awake-In-3D

How Gold Could RV To $27,374 Against The Fiat Dollar

On May 19, 2024   By Awake-In-3D

Understanding the Revaluation of Gold in the Face of Fiat Currency Debt Implosion and Gold-Backing the US Dollar

In This Article:

• Gold’s Path to $27,000

• The Underlying Analysis: Why Gold Could Surge

• Historical Precedents and Lessons

• The Supply and Demand Dynamics

• Doing the Math

The intrinsic value of gold is set to revalue significantly against the fiat currency system, particularly the US Dollar.

As global economic uncertainties rise, gold’s stability offers the only safe haven.

Here’s why one globally recognized financial expert believes that gold would exceed $27,000 per ounce in the near future.

Gold’s Path to $27,000

A rather straight forward and simple analysis now indicates that gold might surpass $27,000.

This forecast isn’t speculative but grounded in historical data and economic models.

While no forecast guarantees certainty, the tools and methodologies applied here have proven accurate across various contexts.

The Underlying Analysis: Why Gold Could Surge

The analysis starts with a crucial question: What’s the implied non-deflationary price of gold under a new gold standard?

Central bankers currently control fiat currencies and have little interest in a gold standard. However, should confidence in fiat currencies collapse due to factors like excessive money creation, Bitcoin competition, or a new financial crisis, a return to gold will become necessary.

Under such a scenario, determining the proper price for gold becomes essential to maintain economic equilibrium.

Historical Precedents and Lessons

Historical events provide valuable lessons. The UK’s return to the gold standard at an unrealistic price in 1925 led to an early entry into the Great Depression.

Conversely, the US devalued the dollar against gold in 1933, spurring commodity price rises and aiding economic recovery.

The key policy goal is to find the “just right” price to balance gold and dollars, something the US is well-positioned to achieve with its substantial gold reserves.

The Supply and Demand Dynamics

The supply side of gold shows a significant decline in new mining output.

Despite rising gold prices, US mine production has decreased by 28% over seven years.

This trend suggests that while output could potentially expand, current conditions support higher prices.

On the demand side, central banks, ETFs, hedge funds, and individual purchases drive demand. Notably, central bank gold demand has surged by 1,000% from 2010 to 2022, with no signs of slowing down in 2024.

This scenario of flat supply and rising demand supports the forecast of higher gold prices.

The Bottom Line

The revaluation of gold against the US Dollar is not just a possibility but a plausible outcome based on rigorous analysis.

As economic conditions fluctuate and confidence in fiat currencies potentially wanes, gold stands to gain significantly.

The recent discussion that BRICS is creating a new currency based on 40% gold-backing, the math for the same gold-backing of the US Dollar.

Doing the math for gold reaching $27,374 per ounce

1. Current M1 Money Supply: The U.S. M1 money supply today is $17.9 trillion.

2. Gold Backing Ratio: Assume a 40% gold backing for the money supply (historical precedent from 1913–1946).

3. Gold Required for 40% Coverage: Calculate 40% of $17.9 trillion, which equals $7.16 trillion.

4. Total U.S. Gold Reserves: The U.S. Treasury holds 261.5 million troy ounces of gold.

5. Implied Gold Price Calculation: Divide the required gold value by the total gold reserves: $7.16 trillion divided by 261.5 million troy ounces equals approximately $27,374 per troy ounce.

Thus, based on these calculations, the implied non-deflationary equilibrium price of gold under a new gold standard could exceed $27,000 per ounce.

Supporting article: https://dailyreckoning.com/27000-gold/

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What is The Unit? BRICS Unveils Its Grand Plan for a New Gold-Backed Financial System

What is The Unit? BRICS Unveils Its Grand Plan for a New Gold-Backed Financial System

On May 17, 2024 By Awake-In-3D

The Unit’s structure, anchored in gold and BRICS+ currencies, provides for de-dollarization, along with a stable and decentralized monetary framework.

In This Article:

1. Introduction to the BRICS+ Unit

2. Addressing Global Financial and Payment Issues

3. Economic and Political Benefits

4. Technological Features and Adoption Prospects

In 2024, the global financial landscape is poised for a significant transformation with the introduction of a groundbreaking concept: it’s called the Unit.

A boring and unremarkable name, but it makes total sense and it’s financial implications will be profound.

Proposed by the financial services and investments working group of the BRICS+ Business Council, the Unit aims to establish a decentralized monetary ecosystem.

Expected to become official BRICS+ policy by 2025, the Unit seeks to address critical geoeconomic issues, particularly the global crisis of trust in existing monetary frameworks.

Introduction to the BRICS+ Unit

The Unit, conceptualized by Alexey Subbotin, founder of Arkhangelsk Capital Management, is designed to tackle the inherent flaws of centralized monetary systems established over 80 years ago at Bretton Woods.

This financial sovereignty is particularly appealing to countries seeking an alternative to the current centralized, dollar-based systems.

These flaws include chronic deficits, speculative bubbles, politically motivated sanctions, and a lack of fair arbitration.

The Unit proposes a reliable, quick, and economically efficient solution for cross-border payments, functioning as a new form of international currency issued in a decentralized manner and regulated at the national level.

Addressing Global Financial and Payment Issues

The current global financial system faces numerous challenges, including speculative bubbles and politically motivated sanctions.

The Unit aims to address these issues by providing a decentralized monetary framework that is both reliable and efficient for cross-border payments.

By doing so, it tackles the root problems of chronic deficits and lack of fair arbitration, offering a solution that can restore trust in the global financial system.

Economic and Political Benefits

The Unit offers numerous benefits, particularly for the Global Majority, by providing a form of apolitical money. It aims to harmonize trade and financial flows, maintaining independence from political pressures.

This financial sovereignty is particularly appealing to countries seeking an alternative to the current centralized systems. The Unit’s structure, anchored in gold (40%) and BRICS+ currencies (60%), provides a stable and trustworthy monetary framework.

Technological Features and Adoption Prospects

Technologically, the Unit is designed to be compatible with both traditional banking operations and the newest forms of digital banking.

It aims to upend unfair pricing in commodity trading by establishing the Eurasian Mercantile Exchange, where trading and settlement can be conducted in this new currency.

This approach facilitates the development of new financial products for foreign direct investment (FDI), bridging trade flows and capital.

The Unit employs distributed ledger technology to ensure transparency and prevent capital controls or exchange rate manipulation.

This technology allows connections to all open decentralized exchanges (DEX) and digital platforms operated by both commercial and central banks worldwide.

The end goal is for everyone to use the Unit for accounting, bookkeeping, pricing, settling, paying, saving, and investing.

Implementation Timeline and Adoption Prospects

The BRICS Business Council has already backed the Unit, and it is on the agenda for the upcoming ministerial meeting in Russia.

The roadmap for its adoption will be discussed at the BRICS+ summit in October 2024 in Kazan.

With the potential for implementation as early as 2025, the Unit presents a feasible technical solution for creating a globally recognized payment and trade system immune to political pressure.

The Bottom Line

The Unit represents a groundbreaking approach to addressing the shortcomings of current centralized monetary systems.

By offering a decentralized, apolitical currency, it promises economic and political benefits for the Global Majority. Its technological innovations and potential for wide-scale adoption position it as a key player in the future of global finance.

Stay tuned! More articles on all of this, and what it means are coming soon.

Supporting article: The coming of a BRICS decentralized monetary system.

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The New Gold Standard: Why Gold and Silver are Winning Over Fiat Currencies: Awake-In 3D

The New Gold Standard: Why Gold and Silver are Winning Over Fiat Currencies

On May 14, 2024   By Awake-In-3D

As economic instability looms, precious metals like gold and silver present a promising refuge against fiat currency devaluation.

In This Article:

• Historic Surge in Precious Metals

• Shifts in Monetary Policy and Interest Rates

• Implications of U.S. Economic Policies

• Financial Risks and Negative Trends Driving Gold and Silver Higher

• Future Projections for Gold and Silver

It isn’t rocket science to understand that, in today’s increasingly volatile economic landscape, the value of gold and silver relative to global fiat currencies has significantly intensified. This trend will continue, if not accelerate, from here on out.

Since October 2023, these precious metals have seen dramatic increases in value, contrasting sharply with the unstable trajectory of fiat currencies.

This article explains the enduring appeal of gold and silver as robust investments, particularly as economic indicators suggest a potential decline in the value of traditional currencies.

Historic Surge in Precious Metals

Gold’s value surged from just over $1,600 in October 2023 to a remarkable $2,300 recently.

Despite a decline in physical gold holdings by Gold Depositories, Gold Funds, and Gold ETFs, and a 96% drop in coin sales from major mints, the price of gold continues its upward trajectory.

This pattern underscores a significant shift as humanity increasingly views precious metals as a safe haven amidst economic uncertainty and fiat currency debasement.

Shifts in Monetary Policy and Interest Rates

The reversal of the U.S. interest rate trend in 2020 marked the beginning of a secular uptrend, with predictions of rates exceeding 10% due to inflation pressures from growing government deficits and debt worldwide.

This scenario places traditional monetary instruments under strain, particularly as central banks face challenges in controlling interest rates amid rampant government debt issuance.

The predicted end to rate cuts further complicates the financial landscape, enhancing the appeal of gold and silver as more stable store of value and purchasing power against falling fiat currency value.

Implications of U.S. Economic Policies

The U.S. economic outlook, likened to a Ponzi scheme, predicts grave financial instability.

With the Congressional Budget Office forecasting that interest costs will surpass defense spending by 2024, reaching $1.6 trillion annually, the U.S. financial situation appears increasingly precarious.

These developments not only threaten the nation’s status as a global power but also elevate the strategic importance of investing in precious metals.

Financial Risks and Negative Trends Driving Gold and Silver Higher

1. US Federal Debt: The current US Federal Debt is around $35 trillion, with projections indicating it could rise to $100 trillion by 2034.

2. Interest Rate Trends: Predictions suggest that interest rates could exceed 10% by 2036 or earlier, reminiscent of rates in the 1970s and early 1980s but with significantly higher debt levels.

3. US Treasury and Sovereign Debt Outlook: There’s an exponential increase in the issuance of US treasuries and most sovereign debts expected, with repayment options ranging from deferral to default.

4. Financial System Stability: US banks have reported unrealized losses on bonds totaling $650 billion, which could worsen with rising interest rates, indicating systemic financial instability.

5. US Treasuries and Sovereign Bonds: The attractiveness of US treasuries and other sovereign bonds is questioned, with a near-certainty of not recovering invested money due to significant devaluation and potential default scenarios.

Future Projections for Gold and Silver

Given the profound shifts in global economic policies, the outlook for precious metals remains highly optimistic.

Historical trends and the ongoing devaluation of fiat currencies suggest that gold and silver will continue to be essential components of investment portfolios.

Countries like Russia, with significant commodity reserves, are poised to recover more swiftly from global economic disruptions, indicating a broader move towards commodity-backed value storage, away from fiat currencies.

The Bottom Line

The case for gold and silver continues to be increasingly compelling.

Their ability to act as a hedge against inflation and currency devaluation, coupled with the growing economic instability and ineffective monetary policies, positions them as prudent choices for safeguarding wealth.

As traditional currency systems face unprecedented challenges, the intrinsic value of gold and silver shines brighter than ever, promising security in our increasingly uncertain future.

© GCR Real-Time News

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Unprecedented: Gold and Dollar Rip Higher Simultaneously as Japan and China Hang in the Balance

Unprecedented: Gold and Dollar Rip Higher Simultaneously as Japan and China Hang in the Balance

On April 11, 2024   By Awake-In-3D

The Global Fiat System is Undoing Itself as the Japanese Yen and Chinese Yuan Hold a Delicate Financial Dance

Fiat currency inflation keeps rising.

Central Banks are losing control while telling us “everything is resilient and robust…”

In spite of rapidly increasing U.S. dollar strength against all major global currencies, gold and silver are defying gravity and all sense of normalcy.

Meanwhile, the Japanese Yen teeters on requiring massive intervention by the government and Bank of Japan.

China is dealing with its own Yuan FX peg management and self-inflicted real estate crisis.

China may have to dump their Japanese Yen reserves and sell off significant US debt treasuries to keep their economy afloat.

We’re not in Kansas any more my dear Dorothy

The Bank of Japan (BOJ) finds itself in an increasingly precarious position, caught in a financial maelstrom of its own making.

Japan’s debt-to-GDP ratio has soared to a staggering 260%, with the central bank holding 70+ percent majority of this government debt.

This situation has placed the Japanese economy on a razor’s edge, balancing between sustaining its import trade costs and managing national inflation, all the while battling a rapidly weakening yen.

The BOJ is faced with a daunting challenge: the only apparent solution to strengthen the yen – raising interest rates – could trigger a catastrophic default on its colossal debt load.

Such a move risks not only domestic financial stability but also has far-reaching implications for global markets.

Complicating matters further is Japan’s intricate economic interdependence with China.

As China confronts its own economic turmoil, notably a massive real estate sector default that threatens to undermine 40% of its GDP, the balance between the yen and the yuan becomes critically important.

If China were to liquidate its Japanese yen reserves in an effort to stabilize its real estate market, the consequences for Japan could be dire.

Such a scenario would not only precipitate a financial collapse in Japan but could also trigger a domino effect, potentially leading to widespread economic contagion affecting the United States and Europe.This all is sounding an alarm, suggesting that the current trajectory of these intertwined economies points towards a broader collapse of the fiat currency system.

This looming financial disaster, they caution, is not a matter of if, but when.

Central Banks are anxiously, hoping for a solution that can avert a catastrophic economic downturn.

Yet, the only path forward is a complete financial and currency reset.

The race to the fiat system collapse is not a sprint … it’s a marathon.

© GCR Real-Time News

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Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset? Awake-In-3D

Monetary Revolution: The Fed Considers Ditching Fiat Currency For Gold

On April 7, 2024   By Awake-In-3D

Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset?

An unbelievable financial report was recently released outlining mathematically modeled scenarios for moving from Fiat to Gold financial systems.

I couldn’t believe my eyes when I read this Philadelphia Federal Reserve Bank’s February 2024 analysis and Working Paper.

The Fed, a principal overlord of modern fiat debt currency finance, is seriously contemplating a move that seems straight out of history books: bringing back a gold-backed currency for the United States and the global financial system.

How does an economy behave in a historical environment where gold is the international monetary standard? We find that key features of this monetary system are long-run price stability and the nonneutrality of money in the short run. The Philadelphia Federal Reserve Bank Working Paper. February 2024

This isn’t a drill or a speculative thought experiment.

Given the dire predictions for our current fiat currency system, which is not backed by physical commodities and is on a crash course toward certain failure, this old-school idea suddenly makes all the sense in the world.

About the Philadelphia FED’s Surprising Working Paper

In a groundbreaking analysis released by the Philadelphia Federal Reserve Bank in February 2024, a compelling case is made for a significant pivot in the United States’ monetary strategy: the return to a gold-backed currency system.

This detailed examination, rooted in meticulously crafted economic modeling and historical insights, raises critical questions about the sustainability of the current fiat currency system.

The Federal Reserve’s exploration into this territory is not merely an academic exercise but a profound indication of the serious considerations at play to avert a financial system collapse that everyone knows is “mathematically certain and inescapable.”

The study, while complex, digs deeply into the foundational principles of the gold standard, underlining how such a system historically ensured long-term price stability and economic equilibrium.

In essence, the gold standard acts as a self-regulating mechanism for the money supply, linking the issuance of currency directly to gold reserves. This link curtails the propensity for unchecked money printing, a critical flaw in fiat systems that often leads to inflation or worse, hyperinflation.

Understanding the Gold Standard

Allow me to break down what this all means.

The gold standard is a monetary system where a country’s currency has a direct link to gold. So, if you have paper money notes, you can exchange it for a certain amount of gold.

Historically, this system kept economies stable because it prevented governments from printing money willy-nilly, which can lead to inflation or even hyperinflation.

The Fed’s report points out that with a gold standard, we’d likely see a more stable long-term economy, with fewer sudden spikes or drops in prices.

Why This Matters Now

You might wonder, why consider this now? The Fed’s analysis shines a light on three big reasons:

1. Long-term Price Stability: Gold ties the hands of those who print money, ensuring that over time, prices don’t wildly fluctuate. Think of it as a financial thermostat that keeps the economy at a comfortable temperature.

2. Money That Means Something: Right now, if the economy starts to falter, the government can just decide to print more money. Under a gold standard, this wouldn’t be as easy. Money would have real value tied to something physical, and as a result, its impact on the economy would be more predictable and steady.

3. Protection from Economic Storms: The world economy is a complex web of trade and investment. The Fed believes that linking money to gold could act as a buffer against sudden shocks from abroad that can send our economy into a tailspin.

The Challenge Ahead

However, don’t think transitioning back to gold would be easy. It would require a delicate restructuring of international trade, balancing how much gold comes in and goes out of the country.

The Fed’s report is clear-eyed about these challenges. It talks about the need for careful policy planning and international cooperation to manage these complex dynamics effectively.

The very fact that the Fed is even considering this move is a wake-up call. It signals a profound concern about the sustainability of our current financial system.

This isn’t about looking backward with nostalgia. It’s suggests a forward-thinking strategy aimed at preventing a total economic collapse.

View the FED’s working papers in full here:

• https://www.philadelphiafed.org/the-economy/monetary-policy/price-level-determination-under-the-gold-standard

• https://www.philadelphiafed.org/the-economy/macroeconomics/a-model-of-the-gold-standard

• https://www.philadelphiafed.org/the-economy/macroeconomics/the-undoing-of-the-gold-standard

© GCR Real-Time News

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The Great Fiat Currency Reset: Myth or Inevitable Reality? : Awake-In-3D

The Great Fiat Currency Reset: Myth or Inevitable Reality?

On April 1, 2024  By Awake-In-3D

The prospect of a “Fiat Currency Reset” stirs the pot of financial discourse, promising or threatening to redraw the very lines of our monetary system.

Over the past 15 years, global discussion and expectation of a “Fiat Currency Reset” has emerged as a phoenix rising from the ashes of economic uncertainty.

With central banks and governments worldwide losing control of inflation, currency devaluation, and mounting debts, the question of whether a reset is a mere myth or an inevitable future becomes increasingly pertinent.

The Genesis of the Debate

The idea of a fiat currency reset revolves around the comprehensive overhaul of the global monetary system, specifically the revaluation or devaluation of national currencies not backed by physical commodities.

Unlike the gold-standard era, today’s fiat currencies derive their value from government decree and public trust. However, this trust is under scrutiny as inflation rates soar and debts balloon to unsustainable levels.

Economic Indicators and Potential Triggers

A closer examination of economic indicators reveals troubling signs. Inflation rates in several major economies have reached heights unseen in decades, eroding purchasing power and igniting fears of stagflation. Concurrently, global debt, swelled by plandemic-related spending and expansive monetary policies, has reached a staggering $313 trillion, according to the Institute of International Finance.

Such conditions are ripe for speculation on a fiat currency reset. Historically, economic crises have prompted drastic monetary reforms, from the Bretton Woods Agreement to the Plaza Accord. Today’s triggers could range from a catastrophic debt default by a major economy to a sudden loss of confidence in a leading fiat currency.

Central Bank Policies: Fuel to the Fire?

Central banks find themselves at the epicenter of this debate. Their policies, particularly quantitative easing and low interest rates, have been double-edged swords. While stabilizing economies during downturns, these policies have also inflated asset bubbles and debt levels, raising questions about their long-term sustainability.

The advent of Central Bank Digital Currencies (CBDCs) adds another layer to the discussion. Proponents argue that CBDCs could offer more efficient payment systems and greater financial inclusion. However, critics fear they may grant governments unprecedented control over financial transactions, potentially paving the way for a fiat reset through digital means.

The Role of Gold and Devaluation Trends
Gold has traditionally been a barometer of financial health and a hedge against fiat currency devaluation. In times of economic turmoil, investors flock to gold, driving up its value as confidence in fiat currencies wanes. This dynamic underscores gold’s significant relevance in discussions about a fiat currency reset.

Moreover, currency devaluation trends highlight the vulnerability of fiat money. Countries engaging in competitive devaluation to boost export competitiveness inadvertently fuel a race to the bottom, undermining global financial stability and reinforcing the case for a reset.

Implications for Savings and Investments

For the average person, the prospect of a fiat currency reset holds great uncertainty. Savings and investments denominated in fiat currencies could face significant risks in the event of a reset, from devaluation to conversion into new monetary units. Financial experts advocate for diversified portfolios, including assets less susceptible to inflationary pressures and currency risks, such as precious metals, real estate, and cryptocurrencies.

Surviving a Fiat Currency Reset

Survival strategies in a fiat currency reset scenario emphasize financial prudence and diversification. A growing list of financial planners recommend building a reserve of physical assets, such as gold and silver, and exploring digital currencies as alternative stores of value. Additionally, staying informed about central bank policies and global economic trends is crucial for timely adjustments to financial strategies.

Conclusion: Navigating Uncharted Waters

The debate over a fiat currency reset encapsulates the broader challenges facing the global financial system. While a comprehensive reset remains unpredictable, the underlying economic pressures are undeniable.

In this era of government and central planner fiscal insanity, the prospect of a global fiat currency reset challenges us to rethink our assumptions about money, purchasing power value, and stability.

Whether or not a reset materializes the way we expect, the discussion it sparks is invaluable, pushing all of us to confront the realities of our fiat currency financial system experiment and consider the path forward with positivity, engagement, and courage.

© GCR Real-Time News

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