As of this month, you can use Gold as money wor...

As of this month, you can use Gold as money worldwide.. Basel III is now active.

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Its a start that you can now use Gold to settle international trade.. When people can do it as well , then there will be huge changes..

This revolution is called “Basel III”, and it was made by the Bank for International Settlements (BIS). Its essence is in the following: BIS runs the IMF, and this, in turn, runs the central banks of all countries. The body of such control is called BCBS – the Basel Committee on Banking Supervision. It isn’t just some worthless US State Department or Congress of American senators. It’s not a stupid Pentagon, a little Department of the Treasury, which runs around like the CIA’s servant on standby, or a house of collective farmers with the name “White House”.

The Basel III decision meant that gold as a reserve of the third category was earlier estimated at 50% of its value on the balance sheets of world banks. At the same time, all owners of world money traded in gold not physically, but on paper, without the movement of real metal, the volume of which in the world wasn’t enough for real transactions. This was done in order to push down the price of gold, to keep it as low as possible. First of all, for the benefit of the dollar. After all, the dollar is tied to oil, which had to cost no less than the price of one gram of gold per barrel.

And now it was decided to place gold not in the third, but “just” in the first category. And it means that now it is possible to evaluate it not at 50, but at 100% of its value.

https://uprootedpalestinians.wordpress.com/2019...

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I cannot get the essence of the wordpress article properly.
Can you please explain how BASEL3 would affect economy of our country and our currency and of world as well.

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Dastro wrote:

I cannot get the essence of the wordpress article properly.
Can you please explain how BASEL3 would affect economy of our country and our currency and of world as well.

Banks need reserves when they loan money. So they keep a certain portion of funds in reserve so in case of losses they can pay immediate demand for funds. Like when India ran out of foreign reserves it flew gold to London and sold it and paid of the creditors. But there are rules in international trade that banks need to keep a certain level in reserve to get credit lines. Before Gold was not considered an asset so it was worthless for any bank to hold it and then to provide liquidity Gold was worth 50% of its market value and now Gold is worth 100% of its value. So you don’t need to hold hard currency like dollars or pounds. You can directly hold Gold and offer it as collateral for all trade and obligations..

What this also means is, now Gold is valued at market rates, it is equivalent to money.. How can you tax money? And also why would hold your savings in any currency when Gold is valued at equivalent value.. Currency loses value.. Gold’s value depends on inflation.. So Gold will always be worth more as time goes by.. $$$ has lost over 98% of its value if you stored it under your mattress.. Rupee is in far worse shape..

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alienteck wrote:

Banks need reserves when they loan money. So they keep a certain portion of funds in reserve so in case of losses they can pay immediate demand for funds. Like when India ran out of foreign reserves it flew gold to London and sold it and paid of the creditors. But there are rules in international trade that banks need to keep a certain level in reserve to get credit lines. Before Gold was not considered an asset so it was worthless for any bank to hold it and then to provide liquidity Gold was worth 50% of its market value and now Gold is worth 100% of its value. So you don’t need to hold hard currency like dollars or pounds. You can directly hold Gold and offer it as collateral for all trade and obligations..

What this also means is, now Gold is valued at market rates, it is equivalent to money.. How can you tax money? And also why would hold your savings in any currency when Gold is valued at equivalent value.. Currency loses value.. Gold’s value depends on inflation.. So Gold will always be worth more as time goes by.. $$$ has lost over 98% of its value if you stored it under your mattress.. Rupee is in far worse shape..

So will now gold price shoot up?
Should people invest in gold now

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Dastro wrote:

So will now gold price shoot up?
Should people invest in gold now

boeing 737max is a death trap and they blame unintelligent Asians and Africans who are not capable of handling or flying high tech equipment.. The stock is still up like 40%..

What do you think?

But more important is what the governments going to do.. Also Gold wont need to be appraised to be sold and then funds transferred. As long as its in the system it can be transferred at face value. Good for us too.. The gimmicks to get us to sell gold as it has no value will now stop. I prefer to hold gold just because it can not be manipulated enough to change ownership easily..

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alienteck wrote:

boeing 737max is a death trap and they blame unintelligent Asians and Africans who are not capable of handling or flying high tech equipment.. The stock is still up like 40%..

What do you think?

But more important is what the governments going to do.. Also Gold wont need to be appraised to be sold and then funds transferred. As long as its in the system it can be transferred at face value. Good for us too.. The gimmicks to get us to sell gold as it has no value will now stop. I prefer to hold gold just because it can not be manipulated enough to change ownership easily..

There is definitely some issue with 737max.
Yes more training needed.
Issues reported by usa pilots as well
http://time.com/5550449/pilots-boeing-737-max-i...
https://www.theverge.com/2019/3/13/18263751/boe...

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Dastro wrote:

There is definitely some issue with 737max.
Yes more training needed.
Issues reported by usa pilots as well
http://time.com/5550449/pilots-boeing-737-max-i...
https://www.theverge.com/2019/3/13/18263751/boe...

I am just surprised no one is there defending Asians. Racism is brutal. Can always blame others for being not intelligent enough. It is also true there are some smart whites, but on average Orientals have higher IQ than whites.

But at least Asians were smart in one thing and that was hording GOLD.. 22000 tons of gold horded by Indians and a smaller amount horded by the Chinese and the Japanese eat Gold so they don’t necessarily hold it but its around them….

When whites start being nice and helpful and offering I get nervous.. Because they are never nice or helpful. We can clearely see this when they are trying to steal Venezuela’s Oil and gold right now!!!! What are any of them doing in India?

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alienteck wrote:

I am just surprised no one is there defending Asians. Racism is brutal. Can always blame others for being not intelligent enough. It is also true there are some smart whites, but on average Orientals have higher IQ than whites.

But at least Asians were smart in one thing and that was hording GOLD.. 22000 tons of gold horded by Indians and a smaller amount horded by the Chinese and the Japanese eat Gold so they don’t necessarily hold it but its around them….

When whites start being nice and helpful and offering I get nervous.. Because they are never nice or helpful. We can clearely see this when they are trying to steal Venezuela’s Oil and gold right now!!!! What are any of them doing in India?

They just want their dominance all over world and India is being seen up as most important and valueable part of their vision.
It’s us, Now in next 50 odd years if we Indians don’t get united for common goal of country first and keep putting individual ahead of country then whole lot upcoming generation will suffer beyond imagination more than venezuela is suffering now.

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Dastro wrote:

They just want their dominance all over world and India is being seen up as most important and valueable part of their vision.
It’s us, Now in next 50 odd years if we Indians don’t get united for common goal of country first and keep putting individual ahead of country then whole lot upcoming generation will suffer beyond imagination more than venezuela is suffering now.

There is an entire western country made up of helpful Indian chattel.. Called Guyana…

I was also surprised by the number of Indians in England. Since slaves were abolished they needed someone to take out the honey pots.

In one sense I suppose its true, Asians do not have a sense of accomplishment. They would wait until the floor is getting washed away before doing anything and you can clearly see this in the northern deltas.. The are expecting the government to do something to save them, not realizing the ones in the government are worse than them. All this while the rivers are rising and carrying away the land.. Same thing happened in China. Neither of whom can blame God here since Allah is absent.. You are right, people need to take control of their lives in their own hands and not wait for someone else to save them. But that also means no hit and run opportunistic behavior but staying and facing. Which also means responsible behavior..

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