IAMGOLD Corp T.IMG

LATEST UP-DATE - NEW WORLD GLOBAL MONETARY SYSTEM

[Luke555]

I’ve just been informed that my proposition for a new global monetary system in the near term, one in which gold will be the back-up currency not the fiat dollars has been dealt a setback. According to my latest information, Basel 111 standards has been deferred by one year to January 2023 due to the Covid-19 pandemic…

However, on the positive side of my proposition, I read a recent article that states: It has been clear for some time that China has designs on the US dollar’s global reserve currency status. For China, this is simply a return to its rightful position on top of the world. To us Western usurpers, the implications of this are just enormous.

Nine in ten central banks are working on digital currencies, according to research by Fintech and IT Benchmarks 2021, but none (except perhaps the Bahamas), are as advanced as China, which has been working on its since at least 2014. Word is, it wants it to be fully functional in time for the Beijing Olympics in 2022. Forget Rishi Sunak’s Britcoin, China is way ahead

If the Chinese, one of the world’s largest economies is successful, it’s going to be an exciting time to watch the drama unfold and the impact of establishing a level playing field in the gold investment world.

I realize there’s always the possibility that it may become a piper’s dream and that I may end-up with egg on my face for advancing such a theory about a new monetary system that is backed by gold and not fiat dollars but I’m standing by my proposition that this change will eventually happen.  The gold manipulation must end so everybody has a fair chance as an investor.