Dollar standard rejected in the era of gold
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News Date: September 18, 2020
Peter Schiff said he thinks we are about to see a gold bull market rivaling the 1970s because the world is going to reject the dollar standard and go back to a gold standard.
Ray Dalio:Within the next five years you could see a situation in which foreigners who have been lending money to the United States wont want to, and the dollar would not be as readily accepted for making purchases in the world as it is now.
Sources:twitter.com, www.zerohedge.com
Crop circles are models for generating free energy
One Italian inventor, Umberto Baudo, believes crop circles may be meant to impart secrets of new technology and free energy to humanity.Source:ancient-code.com
Loan relief for U.S. farmers has begun
U.S. farmers receive nearly $800 mln in loan relief from agriculture agency.USDA provides nearly $800 million in loan relief, more aid to come.
More than 13,000 financially distressed U.S. farmers and ranchers with qualifying loans have received nearly $800 million in assistance.
Sources: reuters
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
ISO 20022 migration. The Ripple effect strikes the Pound
Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future.Ripple is excited to announce it is joining the Digital Pound Foundation, a non-profit focused on the development and implementation of a digital Pound in the United Kingdom.
ISO 20022 promises greater interoperability between various settlement networks, richer information flows, higher levels of straight-through processing, and more efficient compliance processes.
It signals a significant opportunity for banks to improve operational efficiency and reassess existing business models.
ISO 20022 has already been introduced for high-value payments systems (HVPS) in major countries and is established as the standard in instant payments markets following implementations worldwide.
Sources: ripple.com, www.sibos.com
Debt relief for middle-income countries
The President of the UN General Assembly advocates for debt relief for middle-income nations.Csaba Korosi, president of the UN General Assembly, called for debt relief and fair access to new technology for middle-income nations on Thursday.
He stated at a high-level meeting of the General Assembly on middle-income countries that the 110 middle-income countries, which make up roughly one-third of the global GDP and three-quarters of the world's population, are the main forces behind global development.