Stephen Miller: DOGE Dividends to Be Settled in Congress

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News Date: February 19, 2025

February 20, 2025:
Stephen Miller, White House Deputy Chief of Staff, on DOGE dividend checks:
"It's all going to be worked on through the reconciliation process with Congress."
February 19, 2025:
President Donald Trump speaks at FII Institute's Priority Summit in Miami:
"There's even under consideration a new concept where we give 20% of the DOGE savings to American citizens".

Elon Musk is reportedly considering a bold plan to distribute $5,000 checks to every American, funded by savings generated through the Department of Government Efficiency (DOGE).
Dubbed the 'DOGE dividend,' the initiative aims to return value to taxpayers following significant budget cuts and reforms.
The proposal suggests that taxpayers have long felt their hard-earned money was misused by previous administrations. By compensating them directly, the plan seeks to boost tax morale and restore confidence that their contributions are being used effectively.
Musk's idea draws inspiration from past government stimulus efforts, such as the checks issued under the Trump administration, which provided crucial support to millions.
If implemented, the DOGE dividend could mark a new chapter in government accountability and efficiency, reflecting Musk's vision of streamlining operations while ensuring citizens benefit directly from fiscal improvements.
Details on how the plan would be funded and executed are still emerging, but the proposal has already sparked widespread discussion about the role of government spending and taxpayer value.

Russia plans a digital golden ruble

Russia may allow gold-backed stablecoins under government control according to lawmakers.
The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining.
According to a report by the Central Bank of Russia, the nation's central bank gold holdings surpassed its dollar reserves for the first time in its history, with gold making up 23% of total reserves as of the end of June and dollar assets dropping to 22%.
Source: bitcoin.com

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

MOEX to launch Ruble priced gold July

Head of the exchange's derivatives market Maria Patrikeyeva stated that The Moscow Exchange is planning to start trading in perpetual gold futures.
Patrikeyeva: "We launched settled quarterly gold futures, and in the near future, in July, we will launch new perpetual gold futures,".
This statement was made at the press lunch "Options Market on the Moscow Exchange: New Opportunities."
On June 28, the Moscow Exchange started trading settled gold futures contracts denominated in Russian rubles.
The GLDRUB_TOM instrument from the exchange's precious metals market serves as the underlying asset.
A lot is 1 gram, while a tick's size and value are both 0.1 rubles.
On the day the contract is settled, the strike price is the RUGOLD index price as determined by the Moscow Exchange based on transactions involving the underlying asset in the precious metals market.

Judy Shelton for Fed board, return to the gold standard

Senate banking panel to resume considering Judy Shelton for Fed board.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.
Source: www.washingtonpost.com

Trump announces historic deal between Serbia and Kosovo

Serbia and Kosovo have agreed to normalize economic relations, following U.S.-brokered talks that include Serbia moving its Israeli embassy to Jerusalem and Kosovo formally recognizing Israel.
U.S. President Donald Trump made the announcement Friday, after meeting with Kosovo Prime Minister Avdullah Hoti and Serbian President Aleksandar Vucic in the Oval Office earlier in the day.
Sources:twitter.com/WhiteHouse, www.voanews.com