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Gold Telegraph
@GoldTelegraph
Japanese authorities say they are closely watching stock market developments.
They are also closely watching its currency.
In other words, they are watching and hoping for the best, clowns.
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Gold Telegraph
@GoldTelegraph
People ask me all the time why I am so harsh on Japan.
Well, they are the pioneers of quantitative easing, transforming its system into a giant financial welfare addict.
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They deserve to be in a box.
This is decades of total incompetence, and they remain baffled.
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
RUSSIA AND CHINA MAY BEGIN USING BARTER TRADING SCHEMES AS MOSCOW AND BEIJING TRY TO LIMIT USING BANKING SYSTEMS MONITORED BY THE UNITED STATES
Boom.
The world continues to slowly change.
“Barter deals between Moscow and Beijing were common before the Soviet Union collapsed and continued into the 1990s, but the deals now under discussion would be the first in around 30 years…”
Source: https://www.reuters.com/markets/first-russia-china-barter-trade-may-come-this-autumn-sources-say-2024-08-08/
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Gold Telegraph
@GoldTelegraph
Gold back above $2400.
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Gold Telegraph
@GoldTelegraph
More and more countries are exploring barter systems, which completely eliminate debt from the equation.
Natural progression to ________?
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
THE BILL FOR THE BANK OF ENGLAND’S LOSSES FROM ITS QUANTITATIVE-EASING PROGRAMME SINCE INTEREST RATES BEGAN TO RISE IS PROJECTED TO HIT AROUND $254BN, 7.4% OF GDP
Time for a commercial break.
Hold on.
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Gold Telegraph
@GoldTelegraph
1. Gold stablecoins
2. Cryptocurrency for international transactions
3. Barter payments
The race is on
This is what happens when the financial system becomes weaponized
The one thing you can’t get an alternative of?
Elements
Now ask yourself:
Where are commodities produced?
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
INDIA’S RELIANCE INDUSTRIES PLANS TO USE NAPTHA SUPPLIES AS PARTIAL PAYMENT FOR CRUDE PURCHASES FROM VENEZUELA
This is the company that operates the world’s biggest refining complex.
A growing trend is emerging…
“The Indian refiner had limited direct loadings of Venezuelan crude earlier this year over worries that the license could be pulled at anytime…”
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Gold Telegraph
@GoldTelegraph
The barter trend is gaining momentum as gold nears all-time highs in all fiat currencies.
Exchanging commodities for commodities, eliminating or reducing debt from the equation.
Barter discussions in the past 24 hours:
– China and Russia
– India and Venezuela
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Step by step?
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