Congress letter to encourage the Treasury to utilize blockchain and DLT

Gesara.news » News » Congress letter to encourage the Treasury to utilize blockchain and DLT

Share via:

News Date: May 5, 2020

Eleven members of Congress are calling on the U.S. Treasury Department to look at new technologies, including blockchain and distributed ledger technology (DLT), to help streamline how cash and supplies are distributed under a federal law trying to boost the economy during the COVID-19 crisis.
Source:coindesk.com

A Monetary System as Good as Gold

The gold standard provides a better anchor for inflation expectations without an obvious cost in terms of lower output or higher unemployment.
The gold standard isn't perfect. No system is. But it has many virtues. A strong case can be made that it's the best of all feasible institutional alternatives. Lawrence White, puts it: The gold standard is still the gold standard among monetary systems.
Source: www.aier.org

The Revolution of Common Sense

Donald Trump has declared the start of a transformative era, proclaiming, "The golden age of America begins right now." In his inaugural address, Trump called for a "Revolution of Common Sense," unveiling plans to create the External Revenue Service to simplify taxes and the Department of Government Efficiency to cut waste and improve accountability.
Emphasizing unity, Trump stated, "My proudest legacy will be that of a peacemaker and unifier," with Russia's Vladimir Putin expressing readiness for peaceful relations.
Crediting God for his mission, Trump vowed to "make America great again" and urged citizens to "Never Ever Give Up."
With Joe Biden officially leaving Washington, Trump?s vision of reform and renewal is set to define the next chapter in American history.

Judy Shelton's Vision for a Gold-Backed Treasury Bond

May 9, 2025: FoxBusiness introduces the "dollar reset" idea promoted by monetary economist and former Trump advisor Judy Shelton, who received some positive feedback from Trump allies and business leaders like Larry Kudlow and Steve Forbes. Her proposal? A 50-year gold-backed bond to be issued on July 4, 2026 — anchoring the dollar to real value as a symbol of financial sovereignty.
November 27, 2024: Renowned economist and advocate of the gold standard, Judy Shelton, has once again brought the conversation on sound money to the forefront.
In a recent post on X, formerly Twitter, she posed a thought-provoking question:
"Why don't we use our gold as collateral for a new Treasury debt instrument?"
Shelton has proposed an innovative mechanism for reintroducing the gold standard - a 50-year Treasury bond convertible into gold, to be issued on July 4, 2026, under the initiative of President Donald Trump.
This move, she argues, could symbolize a return to fiscal discipline and monetary stability, aligning with the principles of America's founding.
A former economic advisor to President Trump, Shelton has been a vocal critic of the Federal Reserve and its monetary policies.
Her latest book, Good as Gold: How to Unleash the Power of Sound Money, delves into the historical and practical benefits of a gold-backed monetary system, highlighting its potential to curb inflation, stabilize currencies, and restore trust in the U.S. dollar.

Russia is working on stablecoin pegged to gold

Russian gov't working on stablecoin settlement platform between friendly nations.
Russia's Finance Ministry has reportedly begun working with the governments of 'friendly' nations to establish a cross-border stablecoin-based payments platform.
'Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved,' said Alexey Moiseev.
Sources: cointelegraph.com

Gold Is Going To Be The New Global Currency

America not only has record debts but the Fed keeps creating dollars as the tsunami of money cheapens the worlds leading currency.
A man who is connected in China at the highest levels said gold is going to be the new global currency.
Central banks bought 90 tonnes this spring and data player Palantir Technologies bought $50 million in gold bars in August.
US taxpayers and investors require their attractive insurance policy against rampant government spending and currency depreciation.
Gold is such an asset since it has no counterparty risk. It will become more valuable as more money is issued to finance government spending.
Sources: financebrokerage.com, kingworldnews.com