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Hilbroy Advisory: US dollar under more pressure as Zimbabwe speaks on its end as global currency
Hilbroy Advisory: US dollar under more pressure as Zimbabwe speaks on its end as global currency
Establishing a gold backed currency in your own nation is a sound way to create a solid, recognized currency that is accepted internationally.
Montreal,
Quebec,
Canada
(prbd.net)
17/05/2011
Montreal, Quebec, May 16th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Just two years ago, the nation of Zimbabwe created a hyperinflationary economy that led to the creation of a $100 Trillion note for its citizens to be able to purchase food. This African nation is now speaking out on the US dollar, and advocating that its days are numbered as the global reserve currency.
Adding itself to the growing number of countries seeking an end to dollar domination, the central bank of Zimbabwe is calling for a gold backed currency, similar to the discussions that took place two weeks ago at the BRIC conference.
Establishing a gold backed currency in your own nation is a sound way to create a solid, recognized currency that is accepted internationally. After the fall of the Zimbabwe dollar, the country has been functioning economically using a hodge-podge of US dollars, Euro's, and the South African Rand to name a few. This provides them with more stability than they had with their previous currency, but leaves them subject to the inflationary problems of those nations, and less control over their own economy.
With Zimbabwe's call for a gold backed currency, the list of nations seeking to move away from the US dollar is growing. Already, a number of countries such as China, India, and Venezuela are already utilizing other currencies for international transactions, and this includes by-passing the dollar in the trading of oil.
For Zimbabwe, who just two years ago was the world model on economic and monetary destruction, and hyperinflationary chaos, is now finding itself on the opposite end of the US dollar, and calling for a change from this global currency to a new gold backed money system.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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