FED Rigged the Game... And, they got caught
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News Date: September 27, 2021
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure distraction.
Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Rosengren retires because of health issues. From a week ago: He made as many as 37 separate trades in the four REITS while the Fed purchased almost $700 billion in mortgage backed securities.
Federal Reserve Chairman Jerome Powell has ordered a review of ethics rules for the central bank after an outcry over officials owning individual securities.
Fed Chief Powell, other officials owned securities central bank.
Sources: www.cnbc.com,
www.zerohedge.com
Digital Yuan for Cross-Border payments launched
In Hong Kong, the Bank of China is leading the push for widespread cross-border usage of the digital yuan.From experimental programs to cutting-edge applications, they have advanced.
One such application allows guests from the mainland to add more money to their Octopus cards using digital yuan.
In a different development, PetroChina successfully executed the first global trade of crude oil using e-CNY, the digital currency of the Chinese central bank, with the intention of extending its use worldwide.
As of June, transactions on China's highly advanced CBDC had totaled 1.8 trillion yuan.
The largest package of tax cuts
President Donald Trump: We passed the largest package of tax cuts in American history, saving the average family of four over $5,000 a year.Source:www.youtube.com
A new global financial system
An economist predicts the emergence of a new global financial system.The Russian economist, Anton Tabagh, said that the current system of monetary relations and trade settlements has been in crisis for a long time, but the recent geopolitical events may take another dimension and form.
The economist expressed confidence that the new system is in the process of taking shape.
Sources: search4dinar
Wisconsin ends sound money taxes
The Wisconsin Senate has passed Assembly Bill 29 to end sales tax on gold and silver purchases, following overwhelming support from the State Assembly.Sponsored by Rep. Shae Sortwell, the bill aims to align Wisconsin with the majority of U.S. states and remove an outdated tax practice.
Advocates argue that taxing precious metals is illogical, inefficient, and unfair to investors, especially given the constitutional recognition of gold and silver as money.
Gold Is the Most Stable Currency
If gold didn't retain its purchasing power, why would long-term investors and central banks store it in their vaults for decades? Hardly is gold used for industrial applications, so, again, why hold large stocks of gold if it would lose its value over time? The truth is that gold retains its value, and the stability of gold's purchasing power in the long-term is the main reason to own it.Sources:finance.yahoo.com