BRICS currency officially announced

Gesara.news » » BRICS currency officially announced

Share via:

Date: March 5, 2024

The Kremlin has announced the development of a blockchain-based payment system within the BRICS alliance.
Kremlin aide Yury Ushakov emphasized the importance of creating an independent BRICS payment system using modern tools like digital technologies and blockchain, aiming for convenience, cost-effectiveness, and non-political influence.
The focus for the year is to enhance BRICS's role in the international monetary system, with an emphasis on increasing settlements in national currencies and strengthening correspondent banking networks.
Work will continue on the Contingent Reserve Arrangement, particularly focusing on currencies other than the US dollar, as outlined in the 2023 Johannesburg Declaration.

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.

Rep. Buddy Carter introduced a bill to eliminate the IRS and federal income tax

On January 3, 2025, Congressman Buddy Carter (R-GA) introduced H.R. 25, known as the FairTax Act of 2025.
This legislation proposes a significant overhaul of the U.S. tax system by eliminating the Internal Revenue Service (IRS) and replacing federal income taxes with a national consumption tax.
The FairTax Act aims to repeal existing personal and corporate income taxes, as well as other federal taxes such as the death tax, gift taxes, and payroll taxes. In their place, it would implement a single national sales tax on retail purchases, administered primarily by the states. Proponents argue that this system would simplify the tax code, promote economic growth, and allow individuals to retain their entire paychecks, paying taxes only when they make purchases.
Congressman Carter has been a longstanding advocate for the FairTax, having previously introduced similar legislation in earlier sessions of Congress. He contends that the current tax system is overly complex and burdensome, and that the FairTax would eliminate the need for the IRS, thereby reducing government intrusion into individuals' financial affairs.
The bill has been referred to the House Committee on Ways and Means for further consideration.

Arca first SEC regulated fund Ethereum based

Asset management firm Arca has announced the first-ever products regulated under current SEC standards(U.S. Securities and Exchange Commission), adhering to the strictest investor protection laws globally.
Financial institutions could potentially use these digital assets for a wide range of use cases, including payments, lending, clearing and settlement, trading and treasury management.
Arca Labs, chose the Ethereum blockchain, one of the largest public blockchains, launching so-called digital securities ArCoin, which uses the ERC-1404 protocol.
Source: www.ar.ca

Trump disappointed in blocking benefits

Very disappointed in Chuck Schumer for blocking the temporary extension of the $600 unemployment benefits. The Do Nothing Democrats are more interested in playing politics than in helping our deserving people. DRAIN THE SWAMP ON NOVEMBER 3RD!
Source:twitter.com

Treating gold and silver as money

May 12, 2024 update: Nebraska ended capital gains taxes on sales of gold and silver With Gov. Jim Pillen's signature.
Older news:
42 states have removed some or all taxes from the purchase of gold and silver.
And there are new bills pending now in five of the eight remaining states, i.e. Tennessee, Mississippi, Kentucky, Hawaii, and New Jersey.
In 2019, the Sound Money Defense League teamed up with sound money advocates in West Virginia to eliminate sales taxes on precious metals.
A similar effort will be considered in Olympia, Washington.
Passage into law would relieve some of the tax burdens on investors, and would also take a step toward treating gold and silver as money instead of as commodities.
Repealing these taxes knocks down one barrier that might keep some investors from considering physical metal for their portfolios.
Source: fee.org