National coin shortage

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News Date: June 28, 2020

US is experiencing a national coin shortage in several states as an excuse to COVID-19 pandemic.
Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.
Source:twitter.com

Digital Yuan for Cross-Border payments launched

In Hong Kong, the Bank of China is leading the push for widespread cross-border usage of the digital yuan.
From experimental programs to cutting-edge applications, they have advanced.
One such application allows guests from the mainland to add more money to their Octopus cards using digital yuan.
In a different development, PetroChina successfully executed the first global trade of crude oil using e-CNY, the digital currency of the Chinese central bank, with the intention of extending its use worldwide.
As of June, transactions on China's highly advanced CBDC had totaled 1.8 trillion yuan.

Rep. Buddy Carter introduced a bill to eliminate the IRS and federal income tax

On January 3, 2025, Congressman Buddy Carter (R-GA) introduced H.R. 25, known as the FairTax Act of 2025.
This legislation proposes a significant overhaul of the U.S. tax system by eliminating the Internal Revenue Service (IRS) and replacing federal income taxes with a national consumption tax.
The FairTax Act aims to repeal existing personal and corporate income taxes, as well as other federal taxes such as the death tax, gift taxes, and payroll taxes. In their place, it would implement a single national sales tax on retail purchases, administered primarily by the states. Proponents argue that this system would simplify the tax code, promote economic growth, and allow individuals to retain their entire paychecks, paying taxes only when they make purchases.
Congressman Carter has been a longstanding advocate for the FairTax, having previously introduced similar legislation in earlier sessions of Congress. He contends that the current tax system is overly complex and burdensome, and that the FairTax would eliminate the need for the IRS, thereby reducing government intrusion into individuals' financial affairs.
The bill has been referred to the House Committee on Ways and Means for further consideration.

FED takeover hinted by the US Debt Clock

Very interesting US Debt Clock Secret Window on November 14:
This secret window has the quotes of Thomas Edison and next The Federal Reserve System seal saying Federal 'Usury' System.
We also see the 1922 20$ Gold Certificate (and physical coins) which would be valued at about 314$ today.
But the most important suggestion: at the base of the concealed window on the Usdebtclock, rests a dial adorned with a luminous green light, positioned precisely amidst the Federal Reserve System seal and the US Treasury 1776 seal.
This seemingly symbolic arrangement signifies a transition or progression from one system to another, hinting at the shift or movement from the jurisdiction or operations of the Federal Reserve System towards those governed by the US Treasury.

Iraq focuses on BRICS

Iraqi MP Zeinab Al-Mousawi, a prominent member of the parliamentary Oil and Energy Committee, urged the government to make joining the BRICS group a top priority.
Mousawi stressed that this move would bring numerous economic benefits to Iraq, including expanded trade opportunities and enhanced economic independence.
Mousawi stated that BRICS members "are rich in oil, metals, rare minerals used in technological industries, and grains."
Iraq is blessed with abundant resources, including extensive oil reserves, fertile land for agriculture, natural gas, and minerals.
We want to be "Free of Washington's financial and trade restrictions," Mousawi summed it up to Amwaj Media.

Zimbabwe ready to dump US dollar

Zimbabwe Must Revert to Using Own Currency, Ruling Party Says.
ZANU PF National spokesperson Christopher Mutsvangwa says the country will soon dump the American dollar in favor of the local currency, Zimdollar.
He said abolishing the multi-currency would help Zimbabweans get value for their money.
Sources: zwnews.com