China increased Russian gold import
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News Date: August 26, 2022
Russian Gold Rerouted to China Amid Western Ban.
China imported $108.8 million worth of Russian gold in July - a 750% increase from June and a 4,800% increase from the same month last year.
China may be just one of several important new destinations for Russian gold in Asia and the Middle East.
Source: themoscowtimes.com
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
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
JFKs Executive Order 11110 to Abolish the FED
Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.When Kennedy signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency- money without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority: to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated.
Sources:en.wikipedia.org/, https://truth11.com
September 10: EO13848 expiration day
Friday September 10: EO13848 expiration day: Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Sources: www.federalregister.gov
China trials cross-border settlement involving CBDC
China trials cross-border settlement involving cenbank digital currencies.The bridge test was developed by the Bank for International Settlements.
A central bank digital currency trial focused on cross-border transactions has been completed, BIS said, with Chinese state-owned banks participating as Beijing tries to internationalize its digital yuan.
Sources: reuters