Ariel
@Prolotario1
Breaking News
Zimbabwe wants to go international with their currency. Which is now endorsed by the Monetary Fund.
Do you all have your Zim-Notes?
Because this country is ready to start trading in the international markets again.
The 1st known bond in history dates from circa 2400BC in Nippur, Mesopotamia (ironically modern-day Iraq). It guaranteed the payment of grain by the principal. The surety bond guaranteed reimbursement if the principal failed to make payment. Corn was the currency of that time period.
Zim-Notes are considered bonds. Do you understand why Zimbabwe is going Gold-back with their currency? Do you understand that it was impossible to pay the Zim Bonds out before now? That the country had to go back to precious metals?
In May 2023 Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s currency continues to lose ground against major currencies.
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Holders of physical gold coins, “at their discretion”, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency.
This proves to you all what I have been yelling from the mountain tip. We are moving into a system where all currency will be accepted.
Metals
Electronic
Paper
Digital
Period.
We are not moving into the model where oligarchs like Kraus Schawb wanted to remove those options and only allow CBDC for all users whether we wanted it or not. Which of why at one point he was urging western nations to abandon the dollar or paper currency outright.
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