Australia closer to a cashless society

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News Date: August 17, 2020

Australia's big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society.
Sources:www.dailymail.co.uk, www.atmmarketplace.com

Russia is promoting its SWIFT-like system

Russia's SWIFT alternative is expanding quickly according to the country's central bank governor, Elvira Nabiullina statement:
"Russia has a System for Transmitting Financial Messages (SPFS), which is an alternative to SWIFT.
Similar infrastructure exists in some other countries.
We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important.
159 foreign participants from 20 countries have already joined the Russian system." SPFS - Sistema peredachi finansovykh soobscheniy;
SWIFT - The Society for Worldwide Interbank Financial Telecommunication (Headquarters: La Hulpe, Belgium);
SPFS and SWIFT are global financial messaging systems.
Financial messaging involves using messaging channels to exchange crucial financial information, from account updates to fraud alerts.
The Chinese alternative is named: The Cross-Border Interbank Payment System (CIPS).

Germany Basic Income of $1,400 every month experiment

As part of the study, 120 people will receive E1,200, or about $1,430, each month for three years - an amount just above Germany's poverty line - and researchers will compare their experiences with another group of 1,380 people who will not receive the payments.
Source:themindunleashed.com

Welcome to quantum computing era FED

Fed Announces It Will Quit Printing Paper Money. The Federal Reserve will not be printing new paper currency (they have already ceased making coins).
PayPal is leaping into the cryptocurrency market, Starting in the next few weeks, users in the US can buy and sell bitcoin and several other digital currencies on the platform.
Quantum computers will be orders of magnitude more powerful than anything we have today. Scientists predict that the emerging era of quantum computing could lead to great breakthroughs.
Sources:themadtruther.com, finance.yahoo.com, www.forbes.com

H.R.25, A bill to repeal the income tax

H.R.25
A BILL To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled.
Source:https://www.congress.gov

Trump’s ‘Big Beautiful Bill’ Passes the Senate

🏛️ July 1, 2025: After a marathon vote-a-rama, the Senate has officially passed President Trump’s sweeping tax cut package — the “Big Beautiful Bill.” Backed by near-unanimous GOP support, the bill now returns to the House for final approval.
A major win for Trump, the legislation marks a pivotal step in reshaping U.S. tax and spending policy — and sets the stage for a historic signing.
🏛 June 29, 2025: In a narrow 51-49 vote, the Senate advanced President Trump’s signature tax and spending package late Saturday, setting up a potential final vote as early as Monday. All but two Republicans backed the bill, which has become a centerpiece of Trump’s second term agenda. Senators Rand Paul and Thom Tillis broke ranks, citing concerns over the debt limit and Medicaid reforms. Lawmakers are racing to finalize the legislation ahead of the July 4 deadline.
✅ May 22, 2025 - Trump Celebrates Passage of “The One, Big, Beautiful Bill” after the House passed what he’s calling “arguably the most significant piece of Legislation” in U.S. history.
The sweeping bill includes:
🚫 No tax on tips or overtime
💵 Tax deductions for American-made vehicles
💰 “Trump Savings Accounts” for newborns
🛡️ Stronger border security + ICE/Border Patrol pay raises
🏛️ Funding for the Golden Dome
Trump praised Speaker Mike Johnson and House Republicans, urging the Senate to “get to work” and deliver the bill to his desk without delay.
He didn’t hold back on Democrats either, accusing them of being “warped in the past” and promising their agenda “will NEVER AGAIN happen!”
🏛️ May 21, 2025 - President Trump’s major tax and spending overhaul has cleared a key procedural step in the Republican-led House. Despite internal divisions, the powerful Rules Committee approved the bill, setting it up for a full floor vote within hours. The legislation aims to extend Trump’s 2017 tax cuts, introduce new deductions for tipped workers and auto loans...
💥 May 18, 2025 - House Republicans push forward Trump’s ‘Big, Beautiful Bill’ in a rare late-night vote! Trump celebrates on Truth Social: "CONGRATULATIONS REPUBLICANS!!! MAKE AMERICA GREAT AGAIN!!!"
With July 4 as the New Deadline, Treasury Secretary Scott Bessent Rallies GOP to Deliver a Historic Megabill—A Vision of Renewed Prosperity and Patriotic Reform by Independence Day
April 10, 2025
Trump posted on social media: Great News! "The Big, Beautiful Bill" is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!! Getting close. DJT
April 2, 2025:
Republican lawmakers met with President Donald Trump as they push forward with his sweeping tax-cut plan. Senate advanced Trump's $4.5 Trillion Tax-Cut Package.
February 25, 2025:
The House Republican spending bill has passed.
The U.S. House advanced President Trump's tax cuts agenda on Tuesday, giving a major boost to his 2025 policy goals.
February 19, 2025:
President Donald Trump speaks at FII Institute's Priority Summit in Miami.
He plans to work with Republicans in Congress to 'dramatically' cut taxes.
'We're going to dramatically cut taxes for families and for workers and for companies, including no tax on tips, and hopefully, no tax on Social Security and no tax on overtime,' he said.
February 12, 2025:
House Republicans release budget plan, with trillions in tax and spending cuts.
House Republicans unveiled budget to advance Trump's agenda on border security, defense, energy, and taxes amid Senate competition.
January 26, 2025:
President Trump announced in Las Vegas that his legislative package with Republicans will include a pledge to eliminate taxes on tips.
Trump also suggested a no-tax policy at the Las Vegas rally: 'How about just no tax?'
November 30, 2024:
Republicans, holding control of the House, Senate, and White House, are planning an ambitious 100-day agenda focused on key priorities, starting with tax cuts.
Older news:
In 2025, Republicans' consolidated power in Washington positions President-elect Donald Trump to implement an ambitious agenda.
Key priorities include extending the 2017 tax cuts, funding the U.S.-Mexico border wall, reclaiming unused Democratic-allocated funds, and cutting government oversight by eliminating the Department of Education and curbing the powers of agencies like the Consumer Financial Protection Bureau.
These measures aim to stimulate economic growth, boost job creation, and tighten immigration control while addressing the challenge of managing the $35 trillion national debt.