Zimbabwe Central Bank to Offer Gold Coins as Inflation Ravages the Country

The Reserve Bank of Zimbabwe plans to issue gold coins as a way for investors in the country to store value as inflation runs rampant in the economy.

The United States isn’t the only country battling rapidly rising prices. The inflation rate in Zimbabwe spiked from 132% in May to 191.6% in June, and the Zimbabwean currency is quickly devaluing against other global currencies, particularly the US dollar.

Enter gold.

On Monday, Reserve Bank of Zimbabwe, John Mangudya, announced the new gold coins would be minted by Fidelity Gold Refineries (Private) Limited and available to the public through normal banking institutions.

The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) resolved to introduce gold coins into the market as an instrument that will enable investors to store value.”

The central bank owns Fidelity Gold Refineries (Private) Limited. It operates as the only gold-buying and refining entity in the southern African country.

The RBZ has not announced a timeline for the introduction of the coins.

Batanai Matsika heads research for Morgan & Co., a Zimbabwean brokerage firm. In an interview with Al Jazeera, he called the introduction of the gold coins a “welcome development” in a market starved of options to hedge against inflation.

For a long time, the market did not have many investment options and this is a new asset class. The thinking was inspired by the need to come up with an instrument that addresses the inflation problems in the economy where purchasing power has been eroded. From what we are gathering, this is going to be a store value.”

Matsika went on to say the fundamentals of gold help it hedge against inflation and geopolitical risk, and that the gold coins would open the gold market to “ordinary investors.”

Typical of central bankers, the RBZ is trying to solve a problem it created. The country has labored under an inflationary monetary policy for decades. According to Al Jazeera, the central bank worsened the problem by printing even more new money, reversing gains made in the past two years. Inflation decreased from a peak of 800% in 2020 to 60% in January this year.

Ironically, Zimbabwean investors have turned to the US dollar as a store of value. The dollar has its own inflationary problem, but as the world reserve currency, the greenback is the cleanest dirty shirt in the laundry. One US dollar sells on the Zimbabwean black market for 650 Zimbabwean dollars.

https://schiffgold.com/key-gold-news/zimbabwe-central-bank-to-offer-gold-coins-as-inflation-ravages-the-country/

'In-Depth Narcotics Experience': McKinsey Advised US Pharmas on How to Turbo Sell Opioids

The US opioid crisis started at the end of the 1990s after doctors began prescribing opioid-based painkillers even in cases of non-severe pain. They were assured that the drug was not addictive, but millions of patients misused the drug and nearly half a million died from overdose or other conditions related to them as a result.

Global consulting giant McKinsey & Company advised several painkillers producers for 15 years on how to "turbocharge" prescription drug sales largely to blame for starting the opioid epidemic in the US, The New York Times has revealed citing over 100,000 documents.

The docs emerged as a part of a settlement deal that McKinsey signed with several state attorneys that sued the company.

Apart from working with Endo, Purdue, and Mallinckrodt, the company also provided "in-depth experience in narcotics" for Johnson & Johnson subsidiaries producing controlled substances. Meanwhile, hundreds of thousands of US citizens died from overdose, often linked to these very drugs.

How It All Started

According to the disclosed documents, McKinsey helped both Endo and Purdue, the creators of two of the most widespread opioid-based drugs for severe chronic pain, to launch their products Opana and OxyContin in 2006-2008. The firm even advised one of the companies on how to overcome a Food and Drug Administration (FDA) block which it had encountered in 2008.

The FDA blocked Purdue's attempt to release an upgraded version of its OxyContin, which was more difficult to snort or dilute and inject in bloodstream – two methods of the prescription drug's abuse that already had been devised by some of its recipients. In order to help Purdue get the license, McKinsey interviewed an ex-drug dealer on the medication's abuse, prepared docs and even coached the drug firm's officials for meetings with the FDA as the pharmaceutical company knew its drug had been widely abused, the docs suggest.

https://sputniknews.com/20220630/in-depth-narcotics-experience-mckinsey-advised-us-pharmas-on-how-to-turbo-sell-opioids–1096843413.html

Trump Election Lawyer John Eastman Drops Lawsuit Seeking to Block His Phone Records From Jan. 6 Committee After FBI Ambush

Trump election lawyer John Eastman dropped his lawsuit seeking to block his phone records from the January 6 Committee after the FBI ambushed him and seized his phone.

The January 6 Committee sent the feds after Trump lawyer John Eastman because he dared to take action against the Democrats and their massive election fraud operation in 2020.

John Eastman said the FBI searched and seized his phone last week, according to a court filing.

Eastman filed a federal lawsuit in New Mexico on Monday and asked a judge to order the feds to return his property and block the January 6 investigators from accessing his phone.

According to the court filing, John Eastman was exiting a restaurant with his wife and friend last week when FBI agents ambushed him and “forced” him to unlock his phone.

The federal agents then took Eastman’s iPhone 12 Pro.

The feds ambushed John Eastman on the same day they conducted a pre-dawn raid of Trump DOJ official Jeffrey Clark.

According to CBS News, Eastman dropped his bid to block the J6 panel from obtaining his phone records and meta data.

More from Catherine Herridge:

https://www.thegatewaypundit.com/2022/06/trump-election-lawyer-john-eastman-drops-lawsuit-seeking-block-phone-records-jan-6-committee-fbi-ambush/

New Zealand designates Proud Boys a terrorist organisation, says group played key role in US Capitol attack

New Zealand's government has declared that American far-right groups the Proud Boys and The Base are terrorist organisations.

Key points:

NZ officials say the Proud Boys involvement in the attack on the US Capitol amounted to an act of terrorism

They say a key goal of The Base is to "train a cadre of extremists capable of 'accelerationist' violence"

The Proud Boys are now banned in Canada and New Zealand, while The Base are banned in the UK, Canada, Australia and NZ

The two groups join 18 others, including Islamic State, that have been given an official terrorist designation, making it illegal in New Zealand to fund, recruit or participate in the groups, and obligating authorities to take action against them.

The US groups are not known to be active in New Zealand, although the South Pacific nation has become more attuned to threats from the far right after a white supremacist shot and killed 51 Muslim worshippers at two Christchurch mosques in 2019.

The New Zealand massacre inspired other white supremacists around the world, including a white gunman who killed 10 black people at a supermarket in Buffalo, New York.

In the US, the State Department only lists foreign groups as terrorist entities.

But the Proud Boys were last year named a terrorist group in Canada, and The Base has previously been declared a terrorist group in Britain, Canada and Australia.

In a 29-page explanation of the Proud Boys' designation published on Thursday, New Zealand authorities said the group's involvement in the violent attack on the US Capitol building on January 6, 2021, amounted to an act of terrorism.

The statement said that while several militia groups were involved, it was the Proud Boys who incited crowds, coordinated attacks on law enforcement officers and led other rioters to where they could break into the building.

The statement said there were unlinked but ideologically affiliated chapters of the Proud Boys operating in Canada and Australia.

New Zealand authorities argued that before the Capitol attack, the Proud Boys had a history of using street rallies and social media to intimidate opponents and recruit young men through demonstrations of violence.

It said the group had put up various smoke screens to hide its extremism.

https://www.abc.net.au/news/2022-06-30/new-zealand-designates-proud-boys-a-terrorist-organisation/101199016

BIDEN: "The reason why gas prices are up, is because of Russia—Russia, Russia, Russia. The reason why the food crisis exists, is because of Russia, Russia…"

https://twitter.com/Breaking911/status/1542590022905372675

REPORTER: "How long is it fair to expect American drivers…to pay that premium for this war?"

BIDEN: "As long as it takes."

https://twitter.com/Breaking911/status/1542572947315073027

>>16567379

Hudson Institute: China’s Forced Organ Harvesting Continues

The Hudson Institute will host a breakout session on forced organ harvesting in China at the 2022 International Religious Freedom Summit on Thursday. NTD will livestream the session on this page.

Time and Location

Thursday, June 30, 2:30 to 3:30 p.m. ET

Renaissance Washington, DC Downtown Hotel

Room: Anacostia Salon E

Host

Nina Shea, senior fellow and director of the Center for Religious Freedom at the Hudson Institute

Guest Speakers

Nury Turkel, chair of the United States Commission on International Religious Freedom & Hudson senior fellow

Levi Browde, executive director at the Falun Dafa Information Center

https://www.ntd.com/hudson-institute-chinas-forced-organ-harvesting-continues_800397.html

ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash

Not that long ago we joked that the ECB's cunning "market fragmentation" plan - which became critical after Italian bonds crashed when markets realized that QT is not, in fact, QE and without the ECB backstopping worthless European paper said paper would trade down to its "fair value" - would consist of fighting inflation on even days with higher rates and no QE, and then fighting bond market fragmentation and soaring Italian yields on odd days with NIRP and QE.

It turns out we were not that far off, because instead of splitting QE and QT into odd and even days, the ECB will pursue bond buying vs selling broken down by geography. Reuters reports that the European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between their borrowing costs.

The central bank has divided the euro zone's 19 countries into three groups - donors, recipients and neutrals - based on the size and speed of a rise in their bond spreads in recent weeks, according to conversations with a half a dozen people at the ECB's annual forum in Sintra, Portugal. The spreads are gauged against German bonds, which serve as a de-facto benchmark for the single currency area.

In short, the ECB will buy worthless bonds with money from maturing viable bonds (those of Germany, France and Netherlands).

Which, while clearly not QT, at least has a chance of working because as we explained, only explicit bond buying by the ECB will prevent a collapse in Italian bonds. Well, that's precisely what the ECB is doing, even if it means it can't claim with a straight face that it is pursuing Quantitative Tightening.

https://www.zerohedge.com/markets/avoid-crash-ecb-will-buy-italian-greek-bonds-using-proceeds-german-french-bonds

Clown world

>>16567477

Kiss the ass of a man who pushed Noahide laws and Talmudic bullshit, the fucking state of this place

>>16567780

The attacks are everywhere,

Board is over run with clowns

All for a LARP

Seems this shows you are on the right side in my book

FDA advises updating COVID boosters to target latest omicron variants

Current booster effectiveness "wanes over time against certain variants," agency says.

The U.S. Food and Drug Administration this week advised that drug manufacturers tweak their COVID-19 booster shots in order to account for recently emerged variants of the omicron strain of SARS-CoV-2.

The FDA's Vaccines and Related Biological Products Advisory Committee earlier this week "voted in favor of including a SARS-CoV-2 omicron component in COVID-19 vaccines that would be used for boosters in the U.S. beginning in fall 2022," the FDA said in a press release.

The agency noted that it had "not advised manufacturers to change the vaccine for primary vaccination, since a primary series with the FDA-authorized and approved COVID-19 vaccines provides a base of protection against serious outcomes of COVID-19 caused by circulating strains of SARS-CoV-2."

Yet the agency said it would be asking vaccine manufacturers "to begin clinical trials with modified vaccines containing an omicron BA.4/5 component" in order to head off potential surges of those strains.

Daily confirmed COVID cases have greatly increased throughout the United States since the late spring, though in recent weeks they have leveled off, while deaths have continued to decrease or remain low. Experts and advocates have pointed to the widespread use of COVID vaccines as one of the determining factors in keeping deaths low.

"The COVID-19 vaccines that the FDA has approved and authorized for emergency use have made a tremendous difference to public health and have saved countless lives in the U.S. and globally," the FDA said in its release.

https://justthenews.com/politics-policy/coronavirus/fda-advises-updating-covid-boosters-target-latest-omicron-variants