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Gold Telegraph X Posts for July 19, 2024

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Gold Telegraph 
@GoldTelegraph

Japan’s inflation rate rose for second consecutive month in June.

The movie continues to roll in Japan.

It is not pretty.

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BREAKING NEWS

KAZAKHSTAN PAYS FOR RAIL LINE TO CHINA USING PROGRAMMABLE CENTRAL BANK DIGITAL CURRENCY

“Programmable.”

Here they come.

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Source: https://nationalbank.kz/ru/news/informacionnye-soobshcheniya/16879

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Chinese investors dumped a record amount of United States securities in May.

Saudi Arabia’s sovereign wealth fund sold $15 billion worth of American stocks in the first quarter.

Interesting trend.

We all know Saudi Arabia is closely watching the West to see what they will do with the Russian assets.

These are fragile times; one wrong decision can change everything.

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At the same time, China and Saudi Arabia continue to get closer.

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BREAKING NEWS

THE CENTRAL BANK OF THE UNITED ARAB EMIRATES HAS AGREED TO LINK ITS PAYMENTS SYSTEM WITH INDONESIA AND ETHIOPIA

Another one.

Linking payment systems.

Source: https://www.centralbanking.com/central-banks/payments/7961662/uae-to-link-payments-system-with-indonesia-and-ethiopia

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The past four years in 1 sentence:

2020:
“Let’s print money (QE) to support the economy.”

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2021:
“We are rich!”

2022:
“Oh no, inflation! People are p****d.”

2023:
“Why did we think QE was a good idea?'”

2024:
“Quick, stockpile gold as our currencies devalue.”

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The only thing pure about the current system is the sheer magnitude of deceit the world buys into.

People invest in it with their thoughts, for that’s where its only value resides.

Perhaps that’s why I am drawn to things I can touch and see in reality.

Because they are real.

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BREAKING NEWS

BRAZIL IS PUTTING TOGETHER A PROPOSAL TO JOIN CHINA’S BELT AND ROAD INITIATIVE

Significant.

“It is one of only three South American countries not taking part in the project, along with Colombia and Paraguay…”

Source: https://www.scmp.com/news/china/diplomacy/article/3271218/after-spurning-china-years-brazil-reveals-plan-join-belt-and-road-initiative

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