BEARDED PATRIOTUSA
Private Banking vs. Wealth Management: What's the Difference? by kimmyB via Bearded PatriotUSA telegram Room, 19 MARCH
kymmiB
Private Banking vs. Wealth Management: What's the Difference?
Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account their aversion to, or comfort with, risk, and investing financial assets according to their plans and goals. Wealth management can be practiced on a portfolio of any size, though, as the name implies, it is geared toward the well-off.
Private banking, by comparison, typically refers to an envelope solution for high-net-worth individuals (HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances .
https://www.investopedia.com/articles/professionals/111715/private-banking-vs-wealth-management-not-quite-same.asp
https://dinarevaluation.blogspot.com/2024/03/private-banking-vs-wealth-management.html
"THE LAUNCH OF USTN TRIGGERS A WAVE OF MASSIVE REDEMPTION OF ZIM BONDS!!" BY BEARDED PATRIOTUSA, 10 MARCH
BEARDED PATRIOTUSA
The clock is ticking: the imminent launch of USTN triggers a wave of massive redemption of Zim bonds! The beginning of R&R awaits you!
The countdown has begun and the stakes couldn't be higher.
In the coming days, a seismic shift is expected to ripple through the entire financial system, a move so bold, so unprecedented, that it threatens to reshape the economic landscape of the United States, and perhaps even the world.
At the center of this monumental transition is the launch of the USN – USTN, the new United States monetary system, which will be implemented between March 14 and 15.
This is not just a routine adjustment of monetary policy; It is a complete overhaul, a reinvention of the exchange rate as we know it.
"ABOUT ZIMBABWE CURRENCY" VIA BEARDED PATRIOTUSA TELEGRAM CHAT ROOM
LAKERFAN
Zimbabwe’s ZiG Currency Strengthens Day After Debut Even as it Roils Commerce https://www.bloomberg.com/news/articles/2024-04-09/zimbabwe-s-new-zig-currency-strengthens-on-second-day-of-trading
JON DOWLING
...w this on FB
The new Zim notes folks. Notice it says AA and pay to bearer of note on demand!
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Zimbabwe has reverted to the gold standard
While most countries abandoned the gold standard in the last century, some African nations are reconsidering its necessity to stabilize their economies. This month, the Zimbabwean dollar became the new "gold" currency. The need to switch to the gold standard has been a long-discussed issue in the country, with the Zimbabwean dollar experiencing a more than 500% depreciation, and the currency rate plummeting by over threefold in just the last three months.
The Zimbabwean dollar is a relatively new currency, established five years ago following the rise to power of the new president Mnangagwa. One of his first decisions was a complete overhaul of the national economy and financial system. This approach wasn't new for Zimbabwe: in the last decade, the country introduced and then removed from circulation ten independent currencies, each plummeting steeply and rapidly losing value.
Introducing the gold Zimbabwean dollar aims to stabilize the exchange rate and help the country combat endless inflation. Unfortunately for Zimbabwe, the gold standard might only last for a short period. The country's gold reserve currently stands at just one ton of gold, barely enough to cover one month of imports at current volumes. President Mnangagwa is trying to address this issue by seeking additional international aid and opening the country to foreign investors. Success, however, remains elusive.
Most international investors view Zimbabwe with caution, a country perpetually suffering from military coups and civil wars. Companies willing to consider investments are usually affiliated with military corporations and special services, posing a significant threat to the current president's regime. The viability of Zimbabwe's "gold" experiment will be tested over the next six months, as the country faces challenging negotiations with international creditors.
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https://dinarevaluation.blogspot.com/2024/04/about-zimbabwe-currency-via-bearded.html
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