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Fed testing FooWire blockchain with Hyperledger

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News Date: August 15, 2020

Federal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
Source:www.federalreserve.gov

Biblical! Trump: Dow Jones 30,000, A Sacred Number

Sounds biblical. Trump Touts Dow Jones Trading Above 30,000: A Sacred Number.
President Donald Trump delivered very brief remarks Tuesday during which he celebrated the Dow Jones Industrial Average trading above 30,000 for the first time in history.
That is a sacred number, Nobody thought they would ever see it. That is the ninth time since the beginning of 2020 and it is the 48th time that we have broken records during the Trump administration, and I just want to congratulate all the people within the administration that worked so hard, and most importantly I want to congratulate the people of our country because there are no people like you.
Sources: dailycaller.com

New Dollar Backed by Gold Coming This October 2020?

The rumor, and big fear, is that the IMF may opt to remove the US from the global SDR basket, effectively reducing the US's veto rights from the world stage. SDRs would then be a step closer to replacing the greenback as the world's reserve currency.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
Source: gsiexchange.com

AIDS Cure Patent US 5676977

Did you know there is an AIDS Cure Patent US 5676977?
How come this cure for AIDS, patent #5676977, has not been made public?
A proof of concept for an HIV cure exists.
Just google 5676977 and you see what will happen.
Source:http://patft.uspto.gov

Prepaid Debit Cards, Digital Dollars To Each American

Unprecedented Monetary Overhaul: Cleveland Fed president Loretta Mester Hints Fed Is Preparing To Deposit Digital Dollars Directly To Each American.
If anyone has actually been paying attention. This was announced months ago. Trump debit cards on the way!
Treasury Secretary Steve Mnuchin shows the new prepaid debit card that will be sent to Americans receiving coronavirus relief.
Sources:www.youtube.com, www.zerohedge.com

Central Bank digital currencies Competition

China CBDC Pilot Program Beats West to the Punch.
Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com

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