Gesara.news

Articles

Coin shortage hits retailers, laundromats, tooth fairy

Gesara.news » News » Coin shortage hits retailers, laundromats, tooth fairy

News Date: August 18, 2020

The national coin shortage has been an unusual side effect of the pandemic. Among its victims? Retailers, laundromats and even the tooth fairy.
Retailers large and small have urged shoppers to use cards or exact change whenever possible.
As the shortage persists, it's become clear that there are still some conundrums that only coins can solve.
Source:www.foxbusiness.com

Trump plans troops global pullback

President Donald Trump may withdraw nearly all U.S. troops from Somalia as part of a global pullback that includes reductions of forces in Afghanistan and Iraq, U.S. officials said.
The officials, who spoke on condition of anonymity, said nothing had been finalized and that no orders for Somalia have been received by the U.S. military. But there appeared to be a growing expectation that drawdown orders would be coming soon.
Acting Defense Secretary Chris Miller issued a memo to the entire Defense Department that hinted of a coming U.S. withdrawal from Afghanistan.
Sources: www.breitbart.com, www.reuters.com

US House Passes Anti-CBDC Bill

The US House of Representatives passed the CBDC Anti-Surveillance State Act, which aims to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC).
The bill, passed with a vote of 216 to 192, saw support from 213 Republicans.
It prevents any pilot programs for a CBDC before they are proposed and restricts the Federal Reserve and the Department of Treasury from issuing a CBDC without Congressional approval.
Additionally, the bill ensures that the Fed cannot issue a retail digital currency that could be used for citizen surveillance.
Majority Whip Emmer emphasized that the bill is a response to the current administration's lack of clarity and guidance on digital assets, arguing that an improperly managed CBDC could significantly impact American lives.

Philadelphia FED researchers suggest gold standard

Researchers at the Federal Reserve Bank of Philadelphia say switching to the gold standard could stabilize prices.
In their February working paper, researchers at the Federal Reserve Bank of Philadelphia suggest that adopting a gold standard could lead to long-term price stability.
Jesus Fernandez-Villaverde and Daniel Sanches argue that inflation and deflation would become temporary events in a hypothetical small open economy operating under the gold standard.
> Centralbanking

Central banks are buying gold

Central banks are buying gold to protect against the threat of a sovereign debt crisis.
Last week the World Gold Council noted that central banks bought 59 tonnes of gold in June.
For the first half of this year, central banks purchased 270 tonnes of gold.
The WGC noted that central banks bought 180 tonnes of gold in the second quarter.
Sources: kitco.com

The appeal of safe haven assets to increase

Escalating tensions in Israel often lead to investors seeking refuge in safe-haven assets.
This is because they closely monitor Middle East events for potential geopolitical risks that could impact financial markets.
These safe haven assets, like gold and government bonds, are considered low-risk and can provide a buffer against market volatility during uncertain times.
Institutional investors, such as hedge funds and central banks, also tend to diversify into these assets for risk management.
The impact goes beyond asset allocation, affecting market sentiment and volatility as investors react to developments in the region.
This underscores the interconnectedness of geopolitics and financial markets, prompting investors to adjust their strategies accordingly.

← Go Back