Trump:The biggest thing that nobody knows about on January 1st

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News Date: September 12, 2020

Many are speculating that on January 1st, Donald Trump will be having the U.S to return to the gold standard, something he is publicly supported for many years.
"This is going to be the biggest thing that nobody even knows about, and it is all signed."
Sources:twitter.com

Federal Student Loan Payments Officially Suspended

President Trump signed an Executive Memorandum on August 8 related to student loan relief.
Secretary DeVos announced that she has fully implemented Mr. Trump's directive.
Source:www.ed.gov

Russian Gold-backed Stablecoin Confirmed

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit.
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted.
The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative.
Source: bitcoin.com

Hong Kong to Become International Gold Trading Hub

John Lee, Chief Executive of the Hong Kong Special Administrative Region, announced plans to develop Hong Kong into an international gold trading center during his third policy address.
He emphasized that Hong Kong is already one of the largest gold import and export markets by volume.
Given the current geopolitical complexities, Lee highlighted Hong Kong's advantages in security and stability, making it an attractive location for gold investors.
This move is expected to boost related activities such as gold trading, settlement, and delivery.
"This will spur development of the related industry chain, ranging from investment transactions, derivatives, insurance, storage, to trading and logistic services," Lee said.

Trump is seriously considering a capital gains tax cut

Donald Trump is considering a capital gains tax cut in an effort to create more jobs.
- We are looking at also considering a capital gains tax cut, which would create a lot more jobs, said Trump Monday during a White House news conference.
Sources:www.youtube.com, bloomberg.com

The Petro-yuan announcement

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh.
President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.
China to use Shanghai exchange for yuan energy deals with Gulf nations.
China's President Xi Jinping said in Riyadh on Friday that China and Gulf nations should make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade.
Sources: reuters