Federal Reserve Endorses Ethereum-Backed Alternative To Libor
Gesara.news » News » Federal Reserve Endorses Ethereum-Backed Alternative To LiborNews Date: June 14, 2020
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate called AMERIBOR could serve as a potential replacement to LIBOR.
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.
White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart.
"I wouldn't be surprised that, if something gets left off the table, we'd be like "we can take this executive action too and be able to win on it anyway," one official said.
The executive order calls for new regulations under Section 230 of the Communications Decency Act to make it so that social media companies that engage in censoring any political conduct will not be able to keep their liability shield, the president said.
Russell-Jay Gould, Post-Master-General on Quantum-Grammar, Quantum-Banking:
Quantum-grammar essentially offers a mathematical way to write contracts in a proper and correct way which cannot be misunderstood, upholds integrity in contracting, and holds all parties duly accountable for whatever they promise to deliver. Unlike English, which is rife with confusion and carries contradictions and denials that most people know nothing about-prefixes like un and re for instance are negations-but which manipulative central bankers, moneyed bloodline families, and long lineages of moneylenders have operated to their secret advantage and to the detriment of the ignorant citizenry, quantum-grammar puts everything on the table in plain sight and precludes any kind of shoring up of advantage by anyone, while holding people to their word. Using quantum-grammar and proper ways to contract with each other and create the systems-banking, judicial, educational, communicational which will truly work for us.
"I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve."
Reports that the Edgar Hoover building is part boarded up.
NESARA take-over via the military means that the old cabal-system is taken over by the new system. The court system is taken over, the banking system, the school system etc.
Sources: rumble.com, dinarchronicles.com, simonparkes.org