Central Bank Gold RV Accounts Are Real: What Are They Planning?: Awake-In-3D

Central Bank Gold RV Accounts Are Real: What Are They Planning?

On June 6, 2024  By Awake-In-3D

Discover the Secret Tool Central Banks Might Use to Avert Financial Collapse. Perhaps Even a Total Money Reset.

The question remains: will a dramatic revaluation of gold really solve the fiat currency debt system death trap? In the case of the United States, a practical scenario would not only require a sky-high revaluation of gold but also utilizing gold to outright back the ever-devaluing dollar.

This hypothetical approach raises several issues.

First, the price of gold would need to soar to unprecedented levels to cover the national debt, as shown by the required valuation of over $133,000 per ounce (as explained below).

Such a leap would fundamentally alter the global economic landscape and could undermine trust in the existing financial system. Additionally, backing the dollar with gold would necessitate a complete overhaul of current monetary policies and financial practices, potentially leading to significant economic upheaval.

This scenario forces us to confront the limitations of relying on fiat currency and question whether a return to a gold standard could truly provide a stable solution or merely shift the nature of economic challenges faced by modern economies.

In This Article:

1. What Are Gold Revaluation Accounts?

2. How GRAs Work for Central Banks

3. Using GRAs to Turn Gold Value into Money

4. How GRAs Can Help Cancel Government Debt

5. The Impact of U.S. Debt on Gold Prices

Gold Revaluation Accounts (GRAs) might sound complex, but they play an essential role in the financial strategies of central banks. They record the increase in the value of a country’s gold reserves as gold prices go up. This article will explain what GRAs are and how they can help countries like the United States reset their monetary systems and reduce their debt.

What Are Gold Revaluation Accounts?

A Gold Revaluation Account (GRA) is a special account used by central banks to track the increased value of their gold reserves over time.

When the price of gold rises, the GRA records these unrealized gains. For instance, if a central bank bought gold years ago at a lower price and the price of gold increases today, the difference in value is recorded in the GRA.

How GRAs Work for Central Banks

Let’s take the United States as an example. The US Treasury has 261,498,926 troy ounces of gold.

Originally, this gold was valued at $11,041,059,958. However, with today’s gold price at $2,400 per ounce, the value has increased significantly.

To calculate the current value of the US gold reserves:

• Current Gold Value: 261,498,926 ounces × $2,400 per ounce = $627,597,422,400

The difference between the original book value and the current value is:

• Unrealized Gain: $627,597,422,400 (current value) – $11,041,059,958 (original value) = $616,556,362,442

This $616 billion gain is recorded in the GRA, reflecting the increased value of the US gold reserves.

Using GRAs to Turn Gold Value into Money

Central banks can use the unrealized gains in their GRAs to improve their financial situation. They can move some of these gains to their capital accounts, essentially turning this “paper gain” into usable money without selling any gold.

For example, if the US Treasury needed funds, it could transfer part of the $616 billion gain from the GRA to cover expenses or increase its financial buffers.

This process involves adjusting the accounting records, not physically moving any gold.

How GRAs Can Help Cancel Government Debt

GRAs can also help reduce government debt. Central banks can use the gains in the GRA to pay off government bonds. This method reduces the debt without creating new money.

For instance, the US could use the $616 billion gain to cancel some of its outstanding government bonds. By doing this, the government reduces its debt burden, easing financial pressure without increasing the money supply.

The Impact of U.S. Debt on Gold Prices

The U.S. national debt currently stands at approximately $35 trillion. To understand the magnitude of this debt, consider the gold reserves of the U.S. Treasury and what would be required to pay off this debt using those reserves.

Currently, the U.S. has 261,498,926 troy ounces of gold. At the present gold price of $2,400 per ounce, the total value of the U.S. gold reserves is about $627.6 billion. This is a small fraction of the $35 trillion debt.

To pay off the entire $35 trillion debt with gold, the value of gold would need to rise dramatically. Specifically, each ounce of gold would need to be valued at around $133,837. This means that the price of gold would need to increase by over 55 times its current value to cover the national debt with the existing gold reserves.

This enormous required increase in gold prices highlights the severity of the U.S. debt situation. It shows just how far the financial system would need to stretch to resolve the debt through gold revaluation alone. The drastic measures required to achieve this highlight the scale of financial challenges faced by the government.

The Bottom Line

Gold Revaluation Accounts offer a practical way for countries to handle financial challenges. By using the increased value of their gold reserves, central banks can support government budgets and reduce debt.

For the United States, leveraging the $616 billion in unrealized gains from its gold reserves could provide significant financial relief.

However, the requirement for gold to be valued at $133,837 per ounce to cover the national debt highlights the catastrophic level of debt and the drastic measures needed to address it. This approach shows how gold, beyond being a precious metal, plays a vital role in modern financial management.

Supporting article: https://www.gainesvillecoins.com/blog/how-central-banks-can-use-gold-revaluation-accounts-in-times-of-financial-stress

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GCR Proof: Gold Replacing US Dollar in One Chart: AWake-In-3D

GCR Proof: Gold Replacing US Dollar in One Chart

On June 4, 2024  By Awake-In-3D

If a picture is worth a thousand words, this chart is worth exactly that.

If one subscribes to the thesis that the Global Currency Reset (GCR) and the revaluations of currencies (RV) employs gold at its very foundation, than this chart is proof of that.

This chart below shows the different currencies and gold being held globally as international reserves from 1900 to 2023.

There are several key takeaways in the chart and I will break it down here, one piece at a time.

Bretton Woods: The Beginning of Global Dollar Domination

Before WW2, countries worldwide held physical gold as their primary monetary reserve. However, the 1945 Bretton Woods Agreements changed all that.

The black rectangle in the chart below highlights the dramatic sell-off of gold in favor of countries loading up on US Dollars.

It is important to remember that the Dollar was on the Gold Standard back then. Since the Dollar was backed by gold, holding Dollars as a Reserve was the same as holding gold.

The end of WW2 and the Bretton Woods Agreements begin the era of a global King Dollar

But then, the USA abandoned the Gold Standard officially in 1971. This caused a modest resurgence in buying gold once again as a Reserve asset.

Rise of the PetroDollar and EuroDollar Market

However, beginning in the late 1970’s, the PetroDollar and the offshore EuroDollar Market became the dominant, Dollar-denominated financial force worldwide.

The chart below highlights the rise of the PetroDollar and EuroDollar Market. Notice the dramatic expansion of the Dollar (red bars in the chart) and contraction of gold (gold bars in the chart) as a percentage of global international reserves.

The Great Global Fiat Currency Experiment begins: The PetroDollar and EuroDollar System create the largest expansion and global adoption of a single fiat currency (US Dollar) in global history.

Reversing Course: Dollars Now Being Sold to Buy Gold

Moving forward in the chart from 2014 to 2023, we see a complete reversal in gold vs. Dollar holdings as a percentage of global international reserves.

Notice in the highlighted area of the chart below how the US Dollar (red bars) have been contracting while physical gold holdings (gold bars) are increasing significantly as a percentage of global international reserves.

As the Great Global Fiat Currency Experiment reaches its logical conclusion, the replacement of Dollars for Gold as international reserves paves the way for the RV/GCR.

Furthermore, preliminary indications are showing that gold purchases for international reserves are continuing to accelerate in 2024. US Dollars are being sold to purchase more and more physical gold.

What is this Telling Us?

The bottom line is that the world is very aware that the Great Global Fiat Currency Experiment has run its course and the era of King Dollar is reaching its logical conclusion.

The RV/GCR is coming.

It will be based on a complete revaluation of Gold and once again, anchoring national currencies to a single Monetary UNIT of value. The Monetary Unit will be gold.

This is exactly what the BRICS Alliance is doing regarding their new Common Trade Currency and the new BRICS Monetary UNIT.

Supporting article: https://www.gainesvillecoins.com/blog/gold-overtakes-euro-in-global-international-reserves

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Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround

Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround

On June 3, 2024
By Awake-In-3D

Rapid improvement in Zimbabwe’s currency stability thanks to the new gold-backed ZiG currency.

In This Article

1. The Troubled History of Zimbabwe’s Currency

2. Introduction of the Gold-Backed ZiG Currency

3. How the ZiG Currency Stabilized the Economy

4. Future Prospects for Zimbabwe’s Financial Stability

Zimbabwe has faced one of the most turbulent currency crises in history.

The introduction of the ZiG currency, backed by gold, has brought a surprising and rapid turnaround, stabilizing the economy and reducing inflation.

The Troubled History of Zimbabwe’s Currency

Zimbabwe’s currency woes began in the early 1980s.

The Zimbabwe dollar replaced the Rhodesian dollar but started losing value significantly in the 1990s. By 2006, hyperinflation forced the government to redenominate the currency at an exchange rate of 1,000 to one.

The situation worsened in 2008 when the currency was redenominated again at 10 billion to one. By 2015, a U.S. dollar equaled 35 quadrillion Zimbabwe dollars.

In 2016, bond notes backed by U.S. dollars were introduced but failed to stabilize the currency due to excessive printing. Inflation soared, and foreign currencies became the main medium for transactions.

Introduction of the Gold-Backed ZiG Currency

In a bold move, Zimbabwe introduced the Zimbabwe Gold (ZiG) currency, converting domestic dollar balances into ZiG balances.

This currency is backed by significant gold reserves, a shift from highly inflated fiat money to a more stable, specie-backed currency. The central bank recalibrated the main interest rate to 20%, down from 130%.

Central Bank Governor John Mushayavanhu highlighted the reserves, including 1.1 tons of gold stored domestically and another 1.5 tons abroad. This reserve-backed approach aimed to restore confidence in the local currency.

How the ZiG Currency Stabilized the Economy

The immediate impact of the ZiG currency was significant. Consumer prices dropped by 2.4% in May, a month after the ZiG was introduced.

This deflation marked a stark contrast to the hyperinflation that had plagued Zimbabwe for years. The ZiG currency appreciated by 1.9% against the U.S. dollar within a month of its launch, reflecting newfound stability.

The ZiG currency was issued in various denominations, ensuring ease of use in daily transactions. By converting old currency to ZiG, the government aimed to curtail inflation and stabilize the economy. The introduction of ZiG coins helped address the shortage of small change in the market.

Future Prospects for Zimbabwe’s Financial Stability

The introduction of the ZiG currency has set Zimbabwe on a path to financial stability.

With inflation rates expected to stabilize between 2% and 5% by year-end, the economic outlook is promising. This turnaround is attributed to the disciplined approach of backing the currency with tangible assets like gold.

Economists emphasize the need for continued discipline and prudent financial management to sustain this positive trend. The gold-backed ZiG currency serves as a foundation for rebuilding trust in Zimbabwe’s monetary system.

The Bottom Line

Zimbabwe’s new gold-backed ZiG currency has brought remarkable improvement to a country long marred by hyperinflation and currency instability.

By anchoring the currency with gold reserves and implementing stringent monetary policies, Zimbabwe has achieved a rare and rapid economic stabilization.

The future looks hopeful as the country embraces this new era of financial stability.

Zimbabwe’s Currency History in a Nutshell

1. 1980: Zimbabwe dollar replaced the Rhodesian dollar at par.

2. 2006: Currency redenominated at 1,000 to one.

3. 2008: Further redenomination at 10 billion to one.

4. 2009: 12 zeroes removed from bank notes; foreign currencies legalized.

5. 2015: $1 USD = 35 quadrillion Zimbabwe dollars.

6. 2016: Introduction of bond notes backed by U.S. dollars.

7. April 2024: Introduction of ZiG (Zimbabwe Gold) currency.

8. April 2024: ZiG currency appreciated by 1.9% against the USD within one month.

9. May 2024: Consumer prices dropped by 2.4%.

10. Projected 2024: Inflation expected to stabilize between 2% and 5%.

Contributing articles:

• https://www.biznews.com/africa/2024/05/30/zimbabwe-deflation-zig-stabilises-economy

• https://www.numismaticnews.net/paper-money/zimbabwe-currency-zigs-then-zags

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Could the Government Confiscate Your Gold when the Financial System Crashes?

Could the Government Confiscate Your Gold when the Financial System Crashes?

On June 2, 2024   By Awake-In-3D

Historical Precedents and Current Implications of Gold Confiscation Explained

The idea of gold confiscation by the government creates significant debate within the RV/GCR community, especially in the context of a potential collapse of the fiat currency system.

Could a scenario similar to the 1933 Executive Order 6102, which required the surrender of privately held gold, happen again today?

To answer this question, let’s examine the historical context of EO 6102, its actual impact, and whether such drastic measures could be realistically implemented in the modern financial landscape.

In This Article

• Historical Analysis of Executive Order 6102

• Mechanics and Enforcement of the Order

• Potential for Modern-Day Gold Confiscation

• Comparative Legal and Economic Perspectives

In 1933, President Franklin D. Roosevelt issued Executive Order 6102, which mandated the surrender of most privately held gold to the U.S. government.

Historical Analysis of Executive Order 6102

Executive Order 6102 was issued during the Great Depression to address severe economic instability and a lack of confidence in paper currency.

Under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933, EO 6102 aimed to prevent the hoarding of gold, which was seen as a barrier to economic recovery.

The order required citizens to surrender gold coins, gold bullion, and gold certificates to the Federal Reserve by May 1, 1933.

Exceptions included up to $100 in gold coins and gold for industrial, professional, or artistic uses, as well as rare and collectible coins. In return, individuals received paper currency valued at $20.67 per ounce of gold.

Mechanics and Enforcement of the Order

EO 6102 is often described as a gold confiscation order, but it was more accurately a nationalization of gold.

The government offered compensation for surrendered gold, thus avoiding outright confiscation without remuneration. The public’s compliance was largely voluntary, driven by trust in the government, patriotism, and fear of penalties.

Despite the order, enforcement was relatively minimal.

Economist Milton Friedman and Anna Jacobson Schwartz estimated that only 20-25% of private gold was surrendered. The government did not aggressively pursue those who ignored the order, focusing instead on achieving compliance through public cooperation.

Potential for Modern-Day Gold Confiscation

Given the historical precedent set by EO 6102, could a similar order be issued today if the fiat currency debt system collapses? While it is theoretically possible, several factors make it less likely:

1. Legal and Political Climate: The current legal framework and political environment differ significantly from those in 1933. Any attempt to confiscate gold would face substantial legal challenges and political opposition.

2. Public Reaction and Compliance: Today’s public is more informed and potentially more resistant to such measures. Trust in government institutions is generally lower, making voluntary compliance less likely.

3. Economic Alternatives: Modern economies have diverse financial instruments and mechanisms to address monetary crises. Measures such as quantitative easing and other monetary policies can be employed without resorting to gold confiscation.

4. Global Financial System: The global financial system is more interconnected and complex. The impact of a unilateral gold confiscation by one country could have broader international repercussions, making it a less viable option.

Comparative Legal and Economic Perspectives

The legal basis for gold confiscation today would require substantial legislative action.

The original EO 6102 was supported by amendments to existing laws that granted extraordinary powers during a national emergency. Replicating such a framework today would necessitate new legislation or amendments to current laws, which could be a contentious process.

The Bottom Line

Executive Order 6102 did mandate the surrender of most privately held gold in 1933, but it was not an outright confiscation without compensation.

The context of the Great Depression and the legal framework at the time facilitated this extraordinary measure. In today’s complex and interconnected financial environment, a similar gold confiscation order is unlikely.

The potential for such an action would face significant legal, political, and public resistance, making it an improbable solution to a fiat currency debt collapse.

Contributing Reference Links:

• Full text of Executive Order 6102 from 1933.

• https://www.moneymetals.com/news/2024/05/31/did-fdr-really-confiscate-everybodys-gold-003226

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Currency System Failure: The Japanese Yen Will be the First to Collapse: Awake-In-3D

Currency System Failure: The Japanese Yen Will be the First to Collapse

On June 1, 2024 By Awake-In-3D

Japan’s Record Spending Unable to Stop Yen’s Destruction

In This Article:

• Japan’s Record Yen Intervention

• Persistent Weakness of the Yen

• Potential Global Currency Crisis

• Expert Predictions on Future Interventions

The global fiat currency system faces unprecedented challenges, and signs of an accelerating collapse are becoming increasingly evident.

Central banks worldwide are grappling with inflation, volatile markets, and economic instability. Among these currencies, the Japanese yen stands on the brink of a historic downfall.

As the first major fiat currency to face a potential collapse, the yen’s struggles could mark the beginning of a broader crisis, signaling the final phase of the global fiat currency debt system’s demise.

Japan’s Record Yen Intervention

Japan’s finance ministry disclosed spending ¥9.8 trillion ($62.2 billion) from April 26 to May 29 to support the yen.

The intervention, focused on April 29 and May 1, exceeded estimates of ¥9.4 trillion. Despite this massive expenditure, the yen’s value remains critically low. The yen’s rapid decline forced Japan to take drastic measures, highlighting the severe instability of the currency.

THIS CHART SHOWS HOW JAPAN’S MASSIVE YEN INTERVENTION IN EARLY MAY (GREEN ARROW) HAS COMPLETELY FAILED OVER THE PAST 30 DAYS (RED ARROW).

Persistent Weakness of the Yen

Despite significant intervention efforts, the yen remains weak. During the interventions, the yen briefly dropped to 153 against the dollar but soon returned to around 157.

This continued decline indicates the diminishing power of such interventions. Factors like the strong U.S. economy and delayed Federal Reserve rate cuts contribute to the yen’s persistent weakness.

The currency’s instability poses a serious risk to Japan’s economic health.

Potential Global Currency Crisis

The yen’s decline could signal broader issues in the global fiat currency system. Japan’s intervention highlights the challenges of defending a weakening currency amid global economic pressures.

As the yen struggles, speculators may push it further down, testing the Bank of Japan’s (BOJ) limits. This situation could trigger a significant currency crisis, affecting global markets and economic stability.

Expert Predictions on Future Interventions

Experts are divided on the effectiveness of Japan’s interventions. Hideo Kumano, a former central bank official, believes that while interventions have not reversed the yen’s decline, they have slowed it. Daisaku Ueno, chief FX strategist at Mitsubishi UFJ Morgan Stanley Securities, expects continued spending to prop up the yen, emphasizing Japan’s resolve to mitigate imported inflation.

Finance Minister Shunichi Suzuki has issued warnings of further interventions to counter excessive volatility. With the yen trading around 157.235 per dollar, the effectiveness of additional interventions remains uncertain.

Analysts, including Mizuho Securities’ Masafumi Yamamoto, suggest that Japan might intervene again if the yen experiences sharp declines. The potential for further interventions raises concerns about the yen’s long-term stability.

The Bottom Line

Japan’s unprecedented $62 billion intervention to support the yen has failed, highlighting the currency’s vulnerability.

As global economic pressures mount, the yen’s decline could signify a broader crisis in the fiat currency system.

Japan may continue its intervention efforts, but the long-term outlook for the yen remains bleak, marking the onset of a significant currency crisis. The global economy must prepare for the repercussions of this instability.

Supporting Article: https://www.markets.com/news/japanese-yen-weakness-persists-despite-dollar62bn-intervention/

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States Ready for Fiat Currency Collapse: Gold is “Real Money”

States Ready for Fiat Currency Collapse: Gold is “Real Money”

On June 2, 2024   By Awake-In-3D

Is the Fiat Currency System Doomed? Louisiana Thinks So

Across the United States, a growing number of states are passing legislation reaffirming gold and silver as legal tender while also rejecting Central Bank Digital Currencies (CBDCs) as valid money.

This legislative trend underscores a profound skepticism towards the stability of the fiat currency system and a proactive approach to safeguarding economic stability.

By embracing sound money principles and constitutional directives, these states are positioning themselves to withstand potential financial upheavals and protect their citizens’ wealth.

In This Article

• Louisiana’s New Legislation on Gold and Silver

• Constitutional Foundation for Sound Money

• Growing Trend Against Fiat Currency and CBDCs

• Implications for the Future of State Economies

Louisiana has made a significant legislative move as Governor Jeff Landry signed a new law on May 31, 2024, reaffirming gold and silver as legal tender.

This action reflects a broader state-level trend anticipating a collapse of the fiat currency system.

Louisiana’s New Legislation on Gold and Silver

Senate Bill 232, sponsored by Senator Mark Abraham, declares that any gold or silver coin, specie, or bullion issued by the United States government is legal tender when agreed upon by both parties in a contract.

The bill enjoyed overwhelming support, receiving only one dissenting vote in the Louisiana House and Senate.

Constitutional Foundation for Sound Money

This legislative move aligns with the U.S. Constitution. Article 1, Section 10 states: “No state shall…coin Money; emit Bills of Credit; [or] make any Thing but gold and silver Coin a Tender in Payment of Debts.”

This principle, rooted in the nation’s founding document, highlights the enduring importance of sound money policies.

Growing Trend Against Fiat Currency and CBDCs

Louisiana is part of a growing national trend where states are moving away from the fiat currency system and rejecting Central Bank Digital Currencies (CBDCs) as valid money. In 2024, Alabama, Utah, Wisconsin, Nebraska, and Kentucky passed similar legislation.

These states have taken steps to eliminate sales and capital gains taxes on precious metals and empower state treasurers to invest in gold and silver. This movement underscores a deepening distrust in the stability of the fiat currency system.

Implications for the Future of State Economies

The 53-year experiment with a purely fiat currency system in the United States has resulted in significant economic challenges.

The Federal Reserve note “dollar” has lost purchasing power, leading to inflation and economic instability. By reaffirming gold and silver as legal tender, states like Louisiana are proactively protecting their citizens’ wealth and preparing for a potential collapse of the fiat currency system.

This legislative trend suggests a broader shift towards economic self-reliance and stability at the state level, highlighting a growing recognition of the need for sound money policies.

The Bottom Line

Louisiana’s reaffirmation of gold and silver as legal tender is a clear indication of a broader state-level trend towards sound money policies.

As more states join this movement, it signals increasing skepticism about the long-term viability of the fiat currency system and a proactive approach to ensuring financial stability.

By embracing precious metals and rejecting CBDCs, states are positioning themselves to safeguard their economies and citizens against the potential collapse of the fiat currency debt system.

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How to Predict the Collapse of the Global Financial System Before It Happens

How to Predict the Collapse of the Global Financial System Before It Happens

On May 24, 2024  By Awake-In-3D

These simple early warning signs in US Dollar markets will help you know before it’s too late.

In This Article

• Bond Market Instability as a Warning Sign

• Central Bank Interventions: A Prelude to Collapse

• The US Dollar’s Surge: A Harbinger of Crisis

• Recognizing the Final Indicators of Systemic Failure

We all know that the global fiat financial system is approaching the edge of collapse.

Of course, it is simply not possible to predict the actual date.

Yet, there are some fundamental warning signs to look for ahead of the inevitable crash.

Understanding a few simple indicators like the bond market instability, central bank’s taking desperate measures, and a record-breaking surge of the US dollar’s value against other major currencies will help you predict that the system is about to fail sooner rather than later.

I explain each of these basic warning signs below.

Sovereign Bond Market Instability: The First Warning Sign

The bond market is a barometer of economic health, and its instability signals impending disaster.

During periods of growing financial system stress, the bond market can experience a very weak demand (bids) as investors scramble for safety.

The high probability of weak bond sales during an accelerating crises will trigger central bank intervention.

However, massive central bank intervention will present a double-edged sword.

When risk can’t be contained within the sovereign debt market, it spills over into corporate bonds or credit spreads, indicating the credit markets are heading into a global dollar credit freeze.

Dramatic Central Bank Interventions: A Prelude to Collapse

Central banks are often seen by mainstream news outlets as saviors in times of crisis, but their interventions.

When central banks rush to stabilize the bond market, they expose the system’s inherent weaknesses.

As risk migrates from the sovereign debt market to other areas, such as corporate bonds or the currency market, the fragility of the entire system becomes publicly apparent and creates a self-fulfilling panic prophecy.

A Record-breaking Surge of the US Dollar: The Final Sign

In times of global financial stress, the US dollar emerges as the ultimate safe haven. It literally is the cleanest dirty shirt in the currency laundry basket.

However, the dollar’s final earth-shattering surge won’t be a sign of dollar strength, but actually the last phase of the global fiat system collapse.

Non-US countries hold massive amounts of dollar-denominated debt, and when crises hit, they struggle to refinance these obligations. This causes huge demand for dollars globally resulting in a worldwide dollar shortage.

Especially in the global EuroDollar shadow banking market.

The resulting dollar scarcity drives up its value, particularly in the offshore Eurodollar market. There will be no dollars to be had and a parabolic surge in the US dollar’s value will result (supply and demand basics).

As capital flees emerging markets and returns to the US, the dependency on the US dollar becomes a glaring weakness.

The global financial system, tightly wound around the dollar, will be pushed to its breaking point.

This final dollar surge is not a sign of confidence but a desperate grasp for stability as the global financial system completely unravels.

Recognizing the Final Indicators of Systemic Failure

To predict the impending collapse of the global fiat financial system, watch for these ominous signs:

1. Desperate Central Bank Interventions: Large-scale, frequent efforts by central banks to prop up the bond market signal deep-seated instability.

2. US Dollar Scarcity: A sharp increase in demand for US dollars, especially in offshore markets, indicates severe stress.

3. Volatile Currency Movements: Wild fluctuations in exchange rates, with the US dollar soaring against other currencies, reflect panic and instability.

4. Emerging Market Crises: Early liquidity crises in emerging markets can quickly escalate, engulfing major economies and signaling a global meltdown.

As the crisis reaches its zenith, the US dollar will experience a euphoric surge, reaching record-breaking highs.

This final rally is the ultimate warning sign of the fiat financial system’s imminent collapse. When the world fixates on the US dollar as the last bastion of value, the system is on the brink of failure.

The Bottom Line

The collapse of the global fiat financial system is not a question of if, but when. By recognizing the bond market’s instability, central bank interventions, and the US dollar’s historic surge, one can foresee the impending disaster.

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Zimbabwe to Establish New Gold-Backed Currency Exchange Rate Value

Zimbabwe to Establish New Gold-Backed Currency Exchange Rate Value

On May 23, 2024   By Awake-In-3D

The Reserve Bank of Zimbabwe (RBZ) has taken a significant move to solidify the Zimbabwe Gold (ZiG) as a standalone currency by applying for an International Organisation for Standardisation (ISO) code.

“The stability of the exchange rate will reflect the true value of the economy and the purchasing power of the currency, boosting domestic demand and supporting industrialisation in trade.”
Zimbabwe central bank deputy governor, Innocent Matshe

This step, announced by central bank deputy governor Innocent Matshe, aims to enhance the currency’s credibility and facilitate its integration into global financial systems.

ISO currency codes are critical in international finance, providing unique alphanumeric identifiers for currencies used in cross-border transactions.

Common examples include USD (United States Dollar), GBP (British Pound), and EUR (Euro).

These codes, established by the ISO, ensure accuracy and efficiency in global payments.

Speaking at a breakfast meeting organized by the Zimbabwe Economics Society in Harare, Matshe elaborated on the strategic importance of securing an ISO code for ZiG.

He emphasized that the success of ZiG hinges on a tightly managed monetary policy, strict control over money supply, and the creation of domestic demand for the currency.

The introduction of ZiG is seen as a pivotal measure to address economic instabilities, including currency fluctuations, exchange rates, and inflation, which have plagued Zimbabwe’s economy.

Matshe highlighted the necessity of having a stable base currency to support sustained economic growth and industrialization.

“It is essential to have an affordable base currency. We cannot sustain a dual currency situation indefinitely. Zimbabwe’s economy has been growing despite past instabilities, including currency fluctuations, exchange rates and inflation. However, we need to address these issues,” he remarked.

He stressed that the digital financial landscape is crucial for a modern economy, enabling long-term planning and investment.

Addressing concerns about foreign currency availability, Matshe assured that the country has sufficient reserves to meet legitimate demands, provided proper documentation is presented.

He also noted that the gradual introduction of ZiG into the economy was a deliberate strategy to avoid overwhelming the market and to mitigate the impacts of a parallel market that dominates a significant portion of economic activities.

 “Due to the situation in our country, where a parallel market drove approximately 80% of economic activities, it was crucial to ensure that we did not supply all the new currency at once. Therefore, we limited the amount of cash injected into the economy,” he explained.

“Although challenges persist, they will evolve. Most financial institutions have received sufficient small denominations of the currency to address these issues,” he said. “The stability of the exchange rate will reflect the true value of the economy and the purchasing power of the currency, boosting domestic demand and supporting industrialisation in trade.”

In conclusion, the pursuit of an ISO code for ZiG marks a crucial step in Zimbabwe’s broader economic strategy. By establishing ZiG as a recognized and standalone currency, the RBZ aims to stabilize the economy, build trust in the new currency, and pave the way for sustainable growth and industrialization.

Contributing article: https://www.newsday.co.zw/business/article/200027220/zim-applies-for-iso-code-for-zig

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Humanity’s Inevitable Path to a Global Currency System Reset (RV/GCR): Awake-In-3D

Humanity’s Inevitable Path to a Global Currency System Reset (RV/GCR)

On May 25, 2024   By Awake-In-3D

The signs are all around us as the world stands on the brink of a profound financial transformation.

In This Article:

• Historical Context Leading to the RV/GCR

• The Flaws in the Fiat Currency System

• Indicators of an Impending Financial Reset

• The Path to a More Stable Economic Future

Humanity is witnessing an unprecedented shift in the global economic landscape.

Technological advancements, geopolitical shifts, and inherent vulnerabilities in the current fiat currency financial system drive the imperative for a comprehensive global financial/currency reset (GFR/GCR), underpinned by the revaluation of currencies (RV) with tangible asset backing – Gold.

Total global government debt, and its unsustainable interest payment burdens, will rise to over $326 trillion in 2024.

Every government leader, financial and economic expert knows that this ever-increasing debt can never be paid off … Ever.

The current financial system will implode. It is only a matter of time.

There will be a total financial and currency system reset. There must be. It is inevitable.

Historical Context Leading to the RV/GCR

Throughout history, monetary systems have evolved to meet the changing needs of societies.

From barter to various forms of currency, humanity has continually sought efficient means of exchange. This evolution reflects the cyclical nature of monetary systems: they rise, fall, and transform.

The current era of global fiat currencies, which derive value from government decree rather than intrinsic worth, marked a significant departure from previous systems anchored by tangible assets such as gold and silver.

The abandonment of the gold standard in the early 20th century epitomized this shift, bringing flexibility and control for central banks but also sowing the seeds of inherent vulnerabilities.

The Flaws in the Fiat Currency System

The advantages of fiat currencies—flexibility and economic stimulation—have also introduced significant risks.

Governments’ propensity to accumulate debt without restraint has led to skyrocketing global debt levels. By the end of 2024, the United States alone will have amassed over $35 trillion in debt, highlighting a collision course with a fiscal and currency collapse.

Such debt burdens constrain future generations and limit economic maneuverability.

Furthermore, the continuous monetary easing by central banks to stimulate economies has resulted in significant inflationary pressures, eroding the value of currencies and diminishing purchasing power.

This inflationary spiral exacerbates socioeconomic disparities and undermines financial security.

A critical flaw in the fiat currency system is the environment it creates for moral hazard among governments and central banks.

With the ability to print money at will, there is little incentive for fiscal responsibility.

Global governments continue to accrue unsustainable levels of debt, knowing they can rely on central banks to monetize this debt.

Central banks, in turn, implement policies that prioritize short-term economic gains over long-term stability, perpetuating a cycle of irresponsible financial behavior.

Indicators of an Impending Financial Reset

Several indicators point to the necessity of a global financial reset.

The relentless ascent of global debt levels highlights the unsustainable nature of the current system.

Many nations grapple with alarmingly high debt-to-GDP ratios, creating a debt trap that stifles economic growth. Additionally, the volatility in financial markets and the limitations of central bank interventions reveal the fragility of the current paradigm.

Exchange rate volatility within the global fiat currency markets are at unprecedented levels. When the end comes, the US Dollar will be the last fiat currency standing before it too collapses.

Recent losses in traditionally “safe” long-term bonds, reminiscent of past financial crises, underscore the intrinsic, systemic risks associated with a debt-based system.

The political and social ramifications of these economic vulnerabilities further underscore the need for a coherent and long-term financial strategy.

The Path to a Global Financial System Reset

A comprehensive global financial reset must address the unsustainable debt burdens, inflationary pressures, and systemic risks that imperil economic stability.

This reset involves a calculated departure from the fiat currency system, embracing a transformative vision for the global financial overhaul.

Recognizing the approaching fiat system collapse, the growing BRICS Alliance is well on the way towards a gold-backed currency and new financial system infrastructure. They don’t want to go down with the global fiat system ship of fools.

The revaluation of currencies with tangible gold backing is a crucial step toward a more stable and equitable financial future. By anchoring currencies to tangible assets, the global economy can achieve greater stability and reduce the risks associated with debt-based financial systems.

The Bottom Line

Humanity stands at a pivotal moment in economic history. The vulnerabilities of the current fiat currency system and the mounting global debt crisis necessitate a comprehensive financial reset.

By understanding the historical context, recognizing the flaws in the existing system, and identifying the indicators of an impending reset, we can chart a path toward a more stable and equitable financial future.

The global financial reset, underpinned by the revaluation of currencies with tangible asset backing, offers a transformative vision that addresses the systemic risks and economic challenges we face today.

The signs of this profound shift are evident, signaling that humanity is indeed on the brink of a significant financial transformation.

© GCR Real-Time News

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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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https://ai3d.blog/high-level-talks-indicate-vietnam-poised-to-join-brics-great-news-for-vnd/

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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