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The first domino falls, Zimbabwe introduces a gold currency

 
aningeniousname
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07/05/2022 05:52 AM
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The first domino falls, Zimbabwe introduces a gold currency
After years of hyper inflation Zimbabwe has taken the plunge and introduced a gold coin for use domestically but which also can obviously be traded internationally.

With Russia now also pegging the rouble to gold this is another, arguably, more significant nail in the central bankster's coffin.
Which nations will follow Zimbabwe's lead? Could turkey try to shore up the under attack Lira by pegging it to gold?

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A Deplorable Neanderthal

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07/05/2022 06:41 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
General pubic will not be able to afford to buy even one.

“The crocodile” and his cronies will benefit hugely no doubt
#DefundTheBBC
aningeniousname  (OP)

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07/05/2022 06:45 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
General pubic will not be able to afford to buy even one.

“The crocodile” and his cronies will benefit hugely no doubt
 Quoting: A Deplorable Neanderthal


What is does do though is sure up the economy and give a stable platform for ordinary people. The money becomes stable so things settle down the price of staples don't go up every hour. It is just a beginning but it is putting them on the right track.
Be interesting to see how the IMF etc react to this.
ShortStop

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07/05/2022 06:56 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
The article doesn’t say Zimbabwe is pegging it’s currency to gold, just that the central bank will mint its own one ounce gold coin and sell it for local and foreign currency. Zimbabwe mostly uses the US dollar.
aningeniousname  (OP)

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07/05/2022 06:58 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
The article doesn’t say Zimbabwe is pegging it’s currency to gold, just that the central bank will mint its own one ounce gold coin and sell it for local and foreign currency. Zimbabwe mostly uses the US dollar.
 Quoting: ShortStop


It isn't pegging it is replacing. It isn't really possible to peg a fiat currency to gold effectively.
They are breaking away from the international banking system and this is a first step.
Lazy Monk

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07/05/2022 07:08 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
The article doesn’t say Zimbabwe is pegging it’s currency to gold, just that the central bank will mint its own one ounce gold coin and sell it for local and foreign currency. Zimbabwe mostly uses the US dollar.
 Quoting: ShortStop


It isn't pegging it is replacing. It isn't really possible to peg a fiat currency to gold effectively.
They are breaking away from the international banking system and this is a first step.
 Quoting: aningeniousname


Maybe. Maybe not.

Remember that the US has been minting silver coins while the dollar remained the currency.
Lazy Monk
Jamie P

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07/05/2022 07:10 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
I can picture in my mind a world without war, a world without hate. And I can picture us attacking that world, because they'd never expect it.
Jack Handey, Deep Thoughts 1949
aningeniousname  (OP)

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07/05/2022 07:17 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
The article doesn’t say Zimbabwe is pegging it’s currency to gold, just that the central bank will mint its own one ounce gold coin and sell it for local and foreign currency. Zimbabwe mostly uses the US dollar.
 Quoting: ShortStop


It isn't pegging it is replacing. It isn't really possible to peg a fiat currency to gold effectively.
They are breaking away from the international banking system and this is a first step.
 Quoting: aningeniousname


Maybe. Maybe not.

Remember that the US has been minting silver coins while the dollar remained the currency.
 Quoting: Lazy Monk


Yes but the US hasn't had years of hyper inflation, yet.
aningeniousname  (OP)

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07/05/2022 07:20 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
A Deplorable Neanderthal

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07/05/2022 07:28 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
 Quoting: aningeniousname


Uganda’s gold reserves being mined by China.

China owns most of Zimbabwe’s gold too.

China owns most of Africa….
#DefundTheBBC
aningeniousname  (OP)

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07/05/2022 07:34 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
 Quoting: aningeniousname


Uganda’s gold reserves being mined by China.

China owns most of Zimbabwe’s gold too.

China owns most of Africa….
 Quoting: A Deplorable Neanderthal


Maybe that is why they had the confidence to take the plunge, it is part o the BRICS plan and they know they have Chinese and Russian backing against the west.
Socalmat

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07/05/2022 07:36 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
Good news for Zimbabwe.
aningeniousname  (OP)

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07/05/2022 07:38 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
Good news for Zimbabwe.
 Quoting: Socalmat


Hopefully for the world too.
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07/05/2022 07:42 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
If all these countries don't change to the Gold Standard they will be purchased by Russia and SCO.

BRICS is meeting about the same thing. Saudi included.
Agent 99

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07/05/2022 07:43 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
 Quoting: aningeniousname


Uganda’s gold reserves being mined by China.

China owns most of Zimbabwe’s gold too.

China owns most of Africa….
 Quoting: A Deplorable Neanderthal


China buys Russian gold so their interest is definitely in mining.

This is very interesting!
A Deplorable Neanderthal

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07/05/2022 07:46 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
 Quoting: aningeniousname


Uganda’s gold reserves being mined by China.

China owns most of Zimbabwe’s gold too.

China owns most of Africa….
 Quoting: A Deplorable Neanderthal


China buys Russian gold so their interest is definitely in mining.

This is very interesting!
 Quoting: Agent 99


ohyeah
#DefundTheBBC
Agent 99

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07/05/2022 08:04 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
Africa will turn into a huge tourism continent soon, as well as mining boom.

Only one thing standing in the way... jihadis like Boko Haram and ISIS.
This is why Putin is suggesting today that Russia will be friends with democracy (and not Totalitarian Dictatorships). Putin is a Libra, cardinal sign, and will get shit done.
Just Passing Through.....
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07/05/2022 08:16 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
 Quoting: aningeniousname


Uganda’s gold reserves being mined by China.

China owns most of Zimbabwe’s gold too.

China owns most of Africa….
 Quoting: A Deplorable Neanderthal




hesright


China has quietly taken control of Africas VAST natural resources.

Belt and Road Initiative, Bunting-Cloverleaf, McKinder World Island.

Most of y'all will think I'm speaking word salad.

Some of you know what I said and what those phrases mean in the new world order forming.

When one knows Mckinder World Island and Israel/China Belt and Road, you'll understand Ukraine and Africa much, much better.

Last Edited by Just Passing Through..... on 07/05/2022 08:17 AM
"She isn't real.....I can't make her real"

"Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder"

"The World is a business Mr Beale..."

"You depend on our protection yet you feed us lies from the tablecloth......"

ENFJ
Agent 99

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07/05/2022 08:18 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
I'm still trying to understand how all this will play out.

Last week the Fed announced a "soft landing" strategy to steady the economy so there is no world panic and more inflation and devaluation.

They will accomplish this by converting paper contracts to physical, however, there is still close to a trillion out in paper contracts.

Already Crypto took a hit, looks like 50% decrease in value. While gold is steady.

US Dollar, Euro, and Swiss Franc are all about the same exact price. That would make them the world base currencies. However that doesn't account to the debt applies to each.

BRICS, SCO meeting to coordinate, and US is quiet.
Just Passing Through.....
*MOLON LABE*

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07/05/2022 08:18 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


This is what will be interesting to see. Will the central bankers come down hard on them or is it a sign that the old fiat systems are irreparably damaged and the new order led y BRICS is going to create the new gold baked system and destroy the Davos crowds power for good.
Also interesting to watch nearby Uganda and their newly discovered vast deposits of gold, together with Uganda's untapped reserves it is in the tens of trillions of dollars range.
 Quoting: aningeniousname


Uganda’s gold reserves being mined by China.

China owns most of Zimbabwe’s gold too.

China owns most of Africa….
 Quoting: A Deplorable Neanderthal




hesright


China has quietly taken control of Africas VAST natural resources.

Belt and Road Initiative, Bunting-Cloverleaf, McKinder World Island.

Most of y'all will think I'm speaking word salad.

Some of you know what I said and what those phrases mean in the new world order forming.

When one knows Mckinder World Island and Israel/China Belt and Road, you'll understand Ukraine and Africa much, much better.
 Quoting: Just Passing Through.....




For those that feel like educating themselves


[link to thediplomat.com (secure)]
"She isn't real.....I can't make her real"

"Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder"

"The World is a business Mr Beale..."

"You depend on our protection yet you feed us lies from the tablecloth......"

ENFJ
Agent 99

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07/05/2022 08:24 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
....
China has quietly taken control of Africas VAST natural resources.

Belt and Road Initiative, Bunting-Cloverleaf, McKinder World Island.

Most of y'all will think I'm speaking word salad.

Some of you know what I said and what those phrases mean in the new world order forming.

When one knows Mckinder World Island and Israel/China Belt and Road, you'll understand Ukraine and Africa much, much better.
 Quoting: Just Passing Through.....


China Belt contributed to the Evergreen Suez Canal disaster. Then China built a port on the Ivory Coast to bypass the terrorists.

The terrorists also pose a problem to Russia who like the Bear will charge in to end the bs. This is good news because the world is sick of terrorism since 911 and someone is finally putting a stop to it. (not the weak US who is still kissing ass for oil).

Poor planning by the US seems to be a problem though. Sitting back on the base of world currency isn't a fine position in the volatility. This makes us a target, which we've seen lately with mass shootings.
Agent 99

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07/05/2022 08:33 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
...
For those that feel like educating themselves

[link to thediplomat.com (secure)]
 Quoting: Just Passing Through.....


The article suggests that China has already conquered Africa. And there's alot of projection in that. China has set up ports and stations but the real conquerors are those slaughtering Christians across the continent. China is just waiting in the wings at this point.

One of the reasons is that China doesn't have a Navy. Their Navy is in its infancy and not skilled to face the other competitors in the region, namely OPEC who has US military backing... for now.

As the US pulls out of that role, happening fast, China is forced to remain in the opportunistic position. Moving forward this opens the door for greater diplomacy.

With 2030 being the goal posts, there will be lots of action in the next 7 years. Setting the Gold Standard is crucial and the ground is ripe for this to go into effect. However, there will be big losers like Zimbabwe. First on the chopping block.

Without a doubt the major players are Putin/China/India, OPEC/Islam, and the West. Putin and the West will not tolerate OPEC's full planetary monopoly Kingdom Vision Plan 2030.
Prayandprepare000

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07/05/2022 08:42 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
So the USA will now find a way to go to war with Zimbabwe.
 Quoting: Jamie P


BINGO.
Garman906

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07/05/2022 09:23 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
Zimbabwe didn't kill itself. Killary is on the suicide hotline placing an order already.
Just Passing Through.....
*MOLON LABE*

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07/05/2022 09:25 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
....
China has quietly taken control of Africas VAST natural resources.

Belt and Road Initiative, Bunting-Cloverleaf, McKinder World Island.

Most of y'all will think I'm speaking word salad.

Some of you know what I said and what those phrases mean in the new world order forming.

When one knows Mckinder World Island and Israel/China Belt and Road, you'll understand Ukraine and Africa much, much better.
 Quoting: Just Passing Through.....


China Belt contributed to the Evergreen Suez Canal disaster. Then China built a port on the Ivory Coast to bypass the terrorists.

The terrorists also pose a problem to Russia who like the Bear will charge in to end the bs. This is good news because the world is sick of terrorism since 911 and someone is finally putting a stop to it. (not the weak US who is still kissing ass for oil).

Poor planning by the US seems to be a problem though. Sitting back on the base of world currency isn't a fine position in the volatility. This makes us a target, which we've seen lately with mass shootings.
 Quoting: Agent 99



The world may be sick of terrosim but the world needs to wake up to who DID 911 my friend.

Until we understand collectively who truly did 911 (ut was NOT a man in a cave on dialysis and 19 coke sniffing, stripper loving idiots with boxcutters) then the world can be sick of terroism all it wants, it won't matter.

Besides, those same people that pulled off 9/11 are now balls deep pulling off the greatest wealth transfer in history as well as collapsing the greatest superpower since ancient times (america).

China may have an infantile Navy but what they do have is money and people in stupid amounts.

They are all over Africa funding huge projects and have gained controlling interest in resources.


That is more than enough until their ability to project power through maritime activities catch up.

So, I respectfully disagree on Chinas Navy being too much of a factor.

However I do agree with 2030 being the next big goalpost an I also agree the next 7yrs will be...."fun" as the world order reorganizes.
"She isn't real.....I can't make her real"

"Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder"

"The World is a business Mr Beale..."

"You depend on our protection yet you feed us lies from the tablecloth......"

ENFJ
libpoker

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07/05/2022 09:28 AM
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Re: The first domino falls, Zimbabwe introduces a gold currency
Ximbabwe has WMD and terrorist training camps. Expect to see planes crashing into skyscrapers.... no wait, that plot was already used.

They'll have their 'spring' uprising. Seems to still work.
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Agent 99

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07/05/2022 10:09 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
Ximbabwe has WMD and terrorist training camps. Expect to see planes crashing into skyscrapers.... no wait, that plot was already used.

They'll have their 'spring' uprising. Seems to still work.
 Quoting: libpoker


Nah, US sent a couple of Congressmen to Zimbabwe in the late 90's. One of them died there. Too risky still. Not conquered by Islam yet, nor officially smuggling for them.
Deplorable Zenobia

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07/05/2022 10:23 AM

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Re: The first domino falls, Zimbabwe introduces a gold currency
bumping to see how other nations react.

The Belt/Road is a huge piece of real estate thru' many countries.
And thought struggles against the results, trying to avoid those unpleasant results while keeping on with that way of thinking. That is what I call 'sustained incoherence.' ...David Bohm

“How, O Zenobia, hast thou dared to insult Roman emperors?” ...Aurelian, 44th Emperor of the Roman Empire
LasVegasBrad

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07/05/2022 02:39 PM
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Re: The first domino falls, Zimbabwe introduces a gold currency
what if all US Dollar and Euro and Yen debt is simply erased? If all fiat West currencies do this all together, all bonds, mortgages, auto, credit card, student loan, ALL go to 0....why would that not work? The same as starting your game of Monopoly over, all the cash gets handed out, and the game starts anew.
A_T_L

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07/05/2022 02:41 PM

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Re: The first domino falls, Zimbabwe introduces a gold currency
General pubic will not be able to afford to buy even one.

“The crocodile” and his cronies will benefit hugely no doubt
 Quoting: A Deplorable Neanderthal


i don't see why not...even if every dollar is .0000001% gold, it's still backed and affordable
LasVegasBrad

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07/05/2022 04:07 PM
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Re: The first domino falls, Zimbabwe introduces a gold currency
Yes, you said it better, what if US $ was also "backed" by even a few atoms of gold, AND all the debt was erased? That should work.





GLP