Central banks chiefs out

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News Date: October 20, 2021

With Angela Merkel on her way out as Chancellor, her former chief economic advisor, Jens Weidmann, announced plans to step down at the end of the year as head of Germany's Bundesbank after a decade at the helm of the national central bank.
Dallas Fed President Kaplan and Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Former Iranian Central Bank Chief Handed 10-Year Prison Sentence.
Slovakia's central bank chief and European Central Bank governing council member Peter Kazimir has been charged with corruption.
Philippine central bank Governor Benjamin Diokno said he is with "team transitory" and that it is more prudent for the country to delay monetary tightening.
The Turkish lira hit a record low overnight after President Recep Tayyip Erdogan ordered a new round of dismissals at the country's central bank.
So, central bank are starting to worry. They were wrong about inflation because they were wrong about supply chains, and they were perhaps wrong about labor markets, which they had just taken years to learn had no serious bargaining power.
To be continued... Stay Tuned!.
Sources: www.cnbc.com ,gesara.news

Quantum computing to crack cryptocurrency in 8 years

Ripple CTO David Schwartz says quantum computing poses a serious threat to the future of cryptocurrency.
Schwartz says he thinks developers have at least eight years until the technology, which leverages the properties of quantum physics to perform fast calculations, becomes sophisticated enough to crack cryptocurrency.
Source:www.crypto-news-flash.com

Space Force flag unveiled in Oval Office, presented to Trump

According to a senior administration official, the flag is derived from the Space Force's seal, which features a silver delta symbol surrounded by two constellations cast against the dark blue of outer space.
Source:foxnews.com

Trump plans to make permanent cut to payroll tax if reelected

Saturday, in Bedminster, N.J., Trump announced, If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax.
Trump says that if reelected, he'll pursue permanent cut to payroll taxes that fund Social Security, Medicare.
Sources:https://www.washingtonpost.com/, twitter.com, www.youtube.com

Supreme Court justice to serve the American people

Amy Coney Barrett said Saturday that, if confirmed as a United States Supreme Court justice, she would assume the role to serve the American people.
Judge Amy Coney Barrett: "I love the United States, and I love the United States Constitution."
Sources:twitter.com/WhiteHouse, www.whitehouse.gov

Russia will abolish the VAT (tax) on bullion

The government will abolish the VAT (tax) on bullion.
This Bill will go to the State Duma on March 4.
Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
PM advises foreign businesses that competitors will take their place.
This is a step toward treating gold and silver as money instead of as commodities.
Source: t.me