Zimbabwe Challenges The Emperor's Monetary Supremacy.

#dollar #imf #gold #money #currency #debt

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Today we will look at Zimbabwe and how that country has been trying to alleviate its balance of payments problems by making gold money again.

The IMF is not happy and is telling Zimbabwe to stop using gold as a monetary tool.

Zimbabwe’s Gold Coins Sell Above $2,000 Each For The First Time: https://www.bnnbloomberg.ca/zimbabwe-s-gold-coins-sell-above-2-000-each-for-the-first-time-1.1870740

Some of the other stories we covered today:

Saudi Arabia Looks To Invest In Mining Assets To Secure Critical Minerals: https://www.zerohedge.com/energy/saudi-arabia-looks-invest-mining-assets-secure-critical-minerals

Exclusive: ECB union says staff losing faith in leadership over inflation, pay: https://archive.ph/wF60f#selection-433.0-433.78

Saudi Arabia Says Open to Settling Trade in Other Currencies: https://archive.ph/yUtdR#selection-3509.0-3520.0

Video Chapters:

00:00 Introduction
00:36 A look at some recent market and economics-related headlines
02:39 A quick look at the arrogance in Davos
04:05 Emperor Augustus and the veto power
06:46 Zimbabwe brings gold into its monetary system and upsets the Emperor
10:40 Why the US is the Emperor of the IMF and monetary order
14:11 market update
17:13 Answering some of your questions from last week