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

Elon Musk: ending the FED is necessary

November 1 update:
A new exchange of lines between Elon Musk and Ron Paul regarding cutting spending:
Elon Musk: Would be great to have Ron Paul as part of the Department of Government Efficiency!
Ron Paul: I'd be happy to talk with you about it, Elon.
October 30, 2024:
Elon Musk has publicly supported former Congressman Ron Paul's call to abolish the Federal Reserve.
In a recent post on X, Paul criticized large-budget government spending, singling out the military-industrial and pharmaceutical complexes as "big welfare recipients."
He suggested a $2 trillion budget cut, finishing with the bold proposal to "End the Fed."
Musk replied simply: "Needs to be done."
Musk's endorsement has sparked renewed debate over central banking, with many speculating if this might signal his support for decentralized financial models like cryptocurrency.

New Financial System

IMF member countries are receiving their shares of new SDRs, of about US$650 billion, the largest in the funds history! This is a shot in the arm for the world and will help bolster confidence and strengthen the resilience of the global economy.
The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries.
The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
A SDR is not a loan & is cost-free for all IMF members. Unlike an extended fund facility, the government does not have to request any arrangement & there is no repayment involved. All member countries can use their allocated SDRs unconditionally.
IMF urges wealthy nations to direct $650 billion SDR share to vulnerable countries.
Zimbabwe to use more than half of IMF funds to prop up the currency.
Sources: twitter.com, www.today.ng

WH is launching Quantum Information Science official website

White House is launching http://quantum.gov, the official website of the National Quantum Initiative and Quantum Information Science.
Quantum Information Science (QIS) emerges from a deeper consideration of how quantum physics (our description of the world at the microscopic level) has implications for information science.
The National Quantum Initiative Act (NQI Act) was signed into law by President Trump on December 21, 2018 to accelerate quantum research and development for the economic and national security of the United States.
Sources:www.quantum.gov

The return to the golden age. The gold standard will rise again

The New $100 Bill Will Usher In A NEW Gold Standard
It seems like today's national leaders are gradually reaching a consensus about how the world's monetary system should be structured. They are getting ready to return to a gold standard system.
Source:forbes.com

Australian PM plans tax cuts

Prime Minister Anthony Albanese has announced plans to introduce legislation next week, promising tax cuts for every Australian taxpayer.
He emphasizes the urgency of passing the legislation promptly to facilitate a smooth transition for both employers and the tax office.
"This is legislation which will give every taxpayer a tax cut and it should receive the support of every parliamentarian," he told ABC's Insiders on Sunday.