H.R.5404, a bill to define the dollar as a fixed weight of gold » News » H.R.5404, a bill to define the dollar as a fixed weight of gold

News Date: May 5, 2020

H.R. 5404 is a bill introduced by Rep. Alex Mooney (R-WV2) that would bring the U.S. back to the gold standard once and for all. It would take effect exactly 30 months after the bill was passed, to allow an adjustment period in the American economy. Interestingly for a Republican-introduced bill, if the bill was enacted any time after July 2018, that 30-month window would come under the administration of the 2020 election.

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.

Multichain integrates XRP Ledger

Multichain is supporting XRP Ledger (XRPL) for cross-chain connection with EVM and non-EVM compliant blockchains.
Multichain was born as Anyswap on the 20th July 2020 to service the clear needs of different and diverse blockchains to communicate with each other.
As a cross-chain infrastructure, Multichain facilitates interoperability across different networks and enables seamless transfers of assets and values.
With a constantly growing family of non-EVM and EVM chains (now 39), Multichain is the leader in the cross-chain field.
Its sustained daily volume of more than $200 million, its Total Value Locked in excess of $6 billion, and its thousands of daily users are testament to its popularity and security.

G-24 calls for debt relief for developing countries

The G-24, a group of 28 member countries including China, is strongly advocating for sustainable debt relief measures for low-income nations due to their concerns over escalating, unsustainable public debt burdens.
They conveyed this message during the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund on October 10.
The G-24's core mission is to coordinate and amplify the voices of developing countries on monetary and development issues, underscoring their commitment to global economic stability and the well-being of vulnerable nations.

Quantum computing finance shining in the Wall Street

The quantum computing is the latest shiny new thing of Wall Street. A fundamentally new kind of computing will shake up finance - the question is when...
Simple algorithms could be in use within 18 months, with credit-scoring a plausible early application.
For many problems, a quantum computer with thousands of stable qubits is provably far faster than any non-quantum machine that could ever be built.

Quantum Banking System, quantum-grammar construct

Quantum-Banking system is the Declaration of Independence of the world, ending the Socialist Fiat debt system.
Russell-Jay Gould, Post-Master-General on Quantum-Grammar, Quantum-Banking:
Quantum-grammar essentially offers a mathematical way to write contracts in a proper and correct way which cannot be misunderstood, upholds integrity in contracting, and holds all parties duly accountable for whatever they promise to deliver. Unlike English, which is rife with confusion and carries contradictions and denials that most people know nothing about-prefixes like un and re for instance are negations-but which manipulative central bankers, moneyed bloodline families, and long lineages of moneylenders have operated to their secret advantage and to the detriment of the ignorant citizenry, quantum-grammar puts everything on the table in plain sight and precludes any kind of shoring up of advantage by anyone, while holding people to their word. Using quantum-grammar and proper ways to contract with each other and create the systems-banking, judicial, educational, communicational which will truly work for us.,

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