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Central Bank digital currencies Competition

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News Date: August 22, 2020

China CBDC Pilot Program Beats West to the Punch.
Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com

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

Petition to Announce and Implement NESARA act passed under Obama administration

The petition to Announce and Implement the ACT - NESARA reached its goal of 5000 Signatures under Obama administration.
It was created by F.P. on September 28, 2011 and reached 6,623 signatures.
Source:petitions.obamawhitehouse.archives.gov

The July 4th full buck moon and penumbral eclipse

Independence Day 2020 will end with a full moon and lunar eclipse.
The Full Moon of July traditionally is known as the Full Buck Moon because it coincides with the time of year when male white-tailed deer are in full-on antler growth.
Everything to know about the July 4th buck moon and penumbral eclipse.
Source:lehighvalleylive.com

Russia and China end dollar abuse

After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time.
In January, Russian Foreign Minister Sergey Lavrov explained that Moscow is continuing "its policy aimed at gradual de-dollarization" and is looking to make deals in local currencies, where possible.
Lavrov called the rejection of the greenback "an objective response to the unpredictability of US economic policy and the outright abuse by Washington of the dollar's status as a world reserve currency."
Source:www.rt.com

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