Asia Broadband Inc (AABB)

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The Idea that time have come.

“Ideas create wealth”

“One of my friends from Venezuela recently told me that she could buy food for months with a single one-ounce silver coin.”

“After all, people have historically flocked to gold when they don’t trust the local bank to keep their money safe.”

“Bankers and politicians prefer to be able to manipulate the value of their fiat currencies at whim in order to achieve their political objectives. The idea is that a hard asset with intrinsic, long-held value can’t be manipulated the same way paper money can to achieve the whims of the moment.”

“The underreported headline in all of this is that Russia and China were creating a framework to eventually clear transactions in gold, bypassing the dollar entirely. The countries aim to make more of their transactions in gold. That’s notable because both Russia and China have been accumulating gold reserves at a rapid pace compared to other countries, and the BRICS nations are gold producers.”

“My friends Jim Rickards has also suggested that with the invention of the blockchain and high-level encryption, a gold-backed cryptocurrency could eventually become a reality. Jim is not a fan of Bitcoin per se, but does believe in the Blockchain, saying he has been working with it long before cryptocurrencies entered their manic boom.”

https://nomadcapitalist.com/finance/gold-backed-currency/