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

Gesara.news » News » H.R.25, A bill to repeal the income tax

Share via:

News Date: June 24, 2020

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

The FEDs independence Days Are Numbered

Sometime back in March, the Federal Reserve began quarantining cash bills arriving from Asia. The move was meant to protect Americans from the coronavirus, but it was not entirely necessary. Cash usage was already at an all-time low.
The Fed is going to buy stocks. I do not know precisely when , but it will happen, and probably soon. It does not want to buy stocks but knows it is too dangerous to rule out. Since financial markets are like teenagers - continually testing boundaries - expect the Fed to keep getting pressed on this issue.
Sources:www.forbes.com, www.barrons.com

Gold has the historic value

Russia holds world's fifth-largest gold & foreign currency reserves.
Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland, and India, the Accounts Chamber said after an audit of the country's gold and foreign exchange holdings.
Gold proves its intrinsic value over time, as a hoard of Roman gold coins recovered from the seabed.
The horde was identified after two amateur free divers discovered coins in the bay of Portitxol in Xabia.
Sources: www.heritagedaily.com

Global political, economic, and financial restructuring

BRICS summit to discuss restructuring global political, economic architecture: S. African official.
A senior South African official said Tuesday that the BRICS summit to be hosted by the country this year will discuss how to restructure the global political, economic and financial architecture.
The 15th BRICS summit will take place this year in late August in South Africa's Durban.
Source: en.people.cn

Student debt relief announcement

The Biden administration is canceling up to $20,000 in student debt for Pell Grant recipients, up to $10,000 for individual borrowers who make under $125,000 per year, and extending the pause on repayments by four months, the White House announced on Wednesday.
Sources: axios.com

Ripple's Xumm Banking App Will Soon Be Ready for Mass Adoption

On behalf of Ripple, XRPL Labs has developed the banking app Xumm, which is based on the bridge currency XRP and should offer the same extensive functions as a bank account. The app works completely without third parties such as banks or other financial institutions and offers cross-border transactions in real-time.
Source:coinspeaker.com