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US House Passes Anti-CBDC Bill

The US House of Representatives passed the CBDC Anti-Surveillance State Act, which aims to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC).
The bill, passed with a vote of 216 to 192, saw support from 213 Republicans.
It prevents any pilot programs for a CBDC before they are proposed and restricts the Federal Reserve and the Department of Treasury from issuing a CBDC without Congressional approval.
Additionally, the bill ensures that the Fed cannot issue a retail digital currency that could be used for citizen surveillance.
Majority Whip Emmer emphasized that the bill is a response to the current administration's lack of clarity and guidance on digital assets, arguing that an improperly managed CBDC could significantly impact American lives.

Iran Joins Russia in BRICS Currency Initiative

Iran is collaborating with Russia in BRICS initiatives, including developing a single currency for the bloc, according to Iranian Ambassador to Russia Kazem Jalali.
He highlighted Iran's active role as a new BRICS member at the Russia-Islamic World: KazanForum.
"The creation of a new single currency within the framework of the association is what Russia and Iran are working on," the diplomat stated.

The Federal Reserve Board Abolition Act introduced

May 17 update:
US Rep. Thomas Massie Introduced Federal Reserve Board Abolition Act to End the Fed.
He announced the introduction of H.R. 8421, the Federal Reserve Board Abolition Act.
May 15 news:
U.S. Rep. Thomas Massie, KY4, asked Twitter followers whether to introduce a bill to abolish the Federal Reserve.
Sounds like Gesara and Nesara to me!
NESARA 13: Eliminates the Federal Reserve System. During the transition period the Federal Reserve will be allowed to operate side by side of the U.S. treasury for one year in order to remove all Federal Reserve notes from the money supply.
You can check the votes here:
"Should I introduce a bill to abolish the Federal Reserve?"

Donald Trump vows big tax cuts again

Donald Trump promised big tax cuts for all Americans if elected president, while discussing a range of economic strategies during a large rally held in New Jersey on May 11th.
"Instead of a Biden tax hike, I'll give you a Trump middle class, lower class, business class, big tax cut. You're gonna have the biggest tax cut.", he stated.

Putin Pledges an Equal and Indivisible Security System

Vladimir Putin has been inaugurated as President of Russia for his fourth term, adhering to the tradition at the Kremlin.
The ceremony highlighted Russia's commitment to dialogue with the West and emphasized the nation's security interests.
Putin reiterated the importance of equal footing in discussions and the pursuit of a multipolar world order.
His presidency will last until 2030.
"Together with our partners in Eurasian integration and other sovereign development centers, we will continue to work to form a multipolar world order, equal and indivisible security system," Putin said at the ceremony.

BRICS Prepares for Global Currency Reset

Russian IMF representative, Alexey Mozhin, in an interview with RIA Novosti published on Friday, suggests BRICS nations should prepare for a potential collapse of the dollar and international monetary system by offering an alternative currency.
Mozhin's remarks highlight the increasing recognition of the flaws in the current financial system and the potential role of BRICS in providing an alternative solution.
"Such a proposal is being discussed. In the event of the collapse of the dollar and the international monetary system, it will be necessary to turn the said BRICS accounting unit into a real currency, backed by exchange goods,", he stated.

ZiG Enters Circulation

Zimbabwe introduced its new gold-backed currency, the ZiG, into general circulation on April 30th.
This move has been met with joy by Zimbabweans who have expressed relief at being able to withdraw ZiG notes and coins from banks for the first time.
While the currency was initially introduced electronically in early April, the availability of physical banknotes and coins marks a significant step forward for the transacting public.
Zimbabwe launched the gold-backed currency

Kenya pushes for global financial reform tomorrow

President Ruto of Kenya will lead African presidents in advocating for global financial system reform at an upcoming meeting.
He aims to address the imbalance that favors wealthy nations, pushing for equitable resource distribution.
Ruto's focus includes reforming institutions like the World Bank to ensure African voices are heard.
This initiative underscores the need for a fairer and more inclusive international financial system, resonating beyond Africa's borders.


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