Federal Reserve Endorses Ethereum-Backed Alternative To Libor
Gesara.news » News » Federal Reserve Endorses Ethereum-Backed Alternative To Libor
News 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.
Source: forbes.com
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.
Source: bitcoin.com
The last bastion. President Xi Purges Chinas deep state
President Xi is launching his own war against Chinas deep state by launching a full-blown purge of the state security apparatus.The ultimate goal of the campaign is simple: create police, prosecutors and judges who are absolutely loyal, absolutely pure and absolutely reliable.
Source:www.zerohedge.com
IRS Closing, Trump proposes eliminating payroll tax
IRS Quietly Closing Offices During COVID-19 Crisis, But Union Says It's Not Enough.Trump proposes eliminating payroll tax through the end of the year.
Remember NESARA Section 2. Abolishes the income tax.
Sources:nbcnews.com, forbes.com
US Jobs Data could Trouble the Market
Goldman: The Market's Reaction To The Jobs Report Means Brace For A Stubborn Grind Higher In September.Unusually large U.S. jobs number stokes case for 'unusually large' rate hike.
Friday's 'Great' Jobs Number Could Spell Trouble For The Market.
'Great' US Jobs Data Make Case for Bigger Fed Rate Increases.
Bond markets complicate Fed decision after jobs report.
There is a probability of a 0.75% move in September, a noticeable change from the 0.50% move markets were pricing prior to Friday's jobs report.
Sources: substack, finance.yahoo
President Donald J. Trump is Establishing America's Space Force
Our destiny, beyond the Earth, is not only a matter of national identity but a matter of national security. President Donald J. Trump's Space Policy Directive-4 is a bold, strategic step toward guaranteeing American space dominance that sets the framework for establishing the United States Space Force.Source:whitehouse.gov
September 10: EO13848 expiration day
Friday September 10: EO13848 expiration day: Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Sources: www.federalregister.gov