Donald Trump to abolish the Federal Reserve
Gesara.news » News » Donald Trump to abolish the Federal ReserveNews Date: April 29, 2020
Donald Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard.
Trump met with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
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Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). USD Coin is on the Ethereum blockchain. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.
A district court in China has reportedly ruled that Ethereum's cryptocurrency is legal property with economic value.
While cryptocurrency is not legal tender in China, people can hold and transfer them like property.
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I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.