Basel III endgame strikes the Federal Reserve

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News Date: January 12, 2024

U.S. Federal Reserve officials, led by Fed Vice Chair Michael Barr, are exploring changes to the 'Basel III endgame' overhaul for bank capital regulations.
This includes reconsidering operational risk calculations and potential offsets for mortgage servicing.
It marks a significant shift as the Fed acknowledges concerns from the banking industry about the policy's impact on lending.
Here is Michael Barr's statement:
'We want to make sure that the rule supports a vibrant economy that supports low - and moderate-income communities, that gets the calibration right upon things like mortgages.
So the public comment that we're getting on this is really critical for us getting it right. We take it very, very seriously.
That program was really designed in that emergency situation. It was designed for that emergency to say, we want to make sure that banks and creditors of banks and depositors banks understand that banks have the liquidity they need.'

September 10: EO13848 expiration day

Friday September 10: EO13848 expiration day: Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.
On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Sources: www.federalregister.gov

Saudi Arabia ready for SCO

At the initiative of the Saudi side, Vladimir Putin had a telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud.
They discussed cooperation in the SCO , MBS expressed his readiness to actively participate in its work.
The parties also discussed the coordination of the two countries in order to ensure stability in oil market.
Sources: kremlin.ru

Congressional Sound Money Caucus

As you can see, the supply of dollars has gone up dramatically, really since the gold standard ended in 1971. It is a gradual slope.
But if you see since the recession, it has been aggressive. And then, obviously, here, this year, it has been nearly vertical.
The value of the dollar is critical. That is the store of value for all Americans.
According to Congressman Davidson's office, the caucus exists to promote sound fiscal and monetary policy in the United States with the goal of preserving the purchasing power of the U.S. Federal Reserve Note.
Source:www.congress.gov

Russia invites Iraq to join BRICS

The Russian ambassador in Baghdad Elbrus Kutrashev invites Iraq to join BRICS.
He expressed personal ties to the country. Russia pledges support and dismisses any agenda against the U.S.
He recalls Iraq's resistance to American occupation and clarifies Russian companies' interest in Iraq as commercial expansion, not filling voids.
The ambassador denies plans to send Russian forces, emphasizing it's not Russia's approach but the U.S.'s.
Additionally, he mentions Iraq's role in mediating conflicts and affirms Russia's readiness for a solution.

Donald Trump is against CBDCs

Donald Trump firmly opposes the idea of the Federal Reserve creating a central bank digital currency (CBDC) in the United States and vows to "never allow" the creation of such currency if elected.
His strong declaration to "never allow" the issuance of a CBDC reflects concerns about potential implications, such as privacy issues, government control, or disruptions to the existing financial system.
"As your president, I will never allow the creation of a central bank digital currency.
Such a currency would give a federal government, our federal government, the absolute control over your money, they could take your money and you wouldn't even know it was gone.
This would be a dangerous threat to freedom and I will stop it from coming to America", Trump stated during a speech in New Hampshire on January 17.