Weekly Recap
Russia freezes Western Bank. China's Low Altitude Economy. Oil successfully traded for using New Gold backed system. Saudi joins Russia, China, India in accumulating Massive Gold Reserves.
Trust Erodes: Western Banks Face Asset Freezes as Russia Escalates Economic Standoff
A Russian court has issued a significant ruling that has frozen the shares of Raiffeisen Bank International's (RBI) Russian subsidiary, effectively blocking the sale of the largest Western bank still operating in Russia. This development marks a major escalation in the economic standoff between Moscow and the West.
China's Silver Surge: While the U.S. Stares at Its iPhone, Chinaโs 5G and Low-Altitude Economy Are Soaring. Tri-Fold Phones Make Apple Look Like a Toy!
The American public often finds itself in the dark on crucial issues due to a complex interplay of factors that limit critical thinking and awareness.
UAE: RAKBANK executes its first central bank digital currency cross-border transaction. Gold Backed UNIT LIFTOFF
The National Bank of Ras Al Khaimah (RAKBANK) has achieved a significant milestone by successfully executing its first international remittance using China's digital yuan (eCNY) in exchange for the UAE's digital dirham. This transaction marks RAKBANK as one of the pioneering banks in the United Arab Emirates to participate in such a cross-border digitalโฆ
Gold, Silver, and the Struggle for Economic Freedom: Breaking Free from Elite Control
The ruling class has always employed various tools to maintain their power and control over the masses. Their primary methods include the use of force, deterrence through harsh taxation laws, and the manipulation of public opinion via media they control. After all, if the villagers gain confidence that everyone is considering overthrowing the unfair sysโฆ
Saudi Arabia's Secret Gold Acquisition: Boosted their Vault to 15.5 Million Troy Ounces. Ranking Among the World's Top Holders
The true extent of each country's gold reserves remains shrouded in mystery, much like how individuals don't broadcast their personal wealth to their neighbors.
Gold's Soaring Success: A 49.6% Surge in 2024 Outshines Equities, Tech Stocks, and Real Estate Amid Economic Uncertainty
Gold's remarkable performance in 2024 has seen its market capitalization surge by $5.7 trillion to reach $17.2 trillion. This represents a staggering 49.6% increase year-to-date, highlighting gold's status as a safe-haven asset during times of economic uncertainty.
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