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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

Waller confirmed to Fed Board. WH supports Shelton

By a completely partisan vote of 48 to 47 (though Rand Paul voted against), The Senate confirmed Trump nominee Christopher Waller to the Federal Reserve Board of Governors - filling one of the two vacant slots on the influential economic body.
The White House remains confident that Ms. Shelton will be confirmed and is fully supportive of her candidacy, a White House spokesman said Thursday.
Her beliefs:
- eliminating the Feds independence and federal deposit insurance
- returning the U.S. to a gold standard
Sources: www.forexlive.com, www.zerohedge.com

Quantum Blockchain Voting System QVS

The voting protocol based on a Quantum Blockchain already exists and it seams to be used in the current election. Despite its simplicity, our protocol satisfies the most important properties of secure voting protocols: is anonymous, binding, non-reusable, verifiable, eligible, fair, and self-tallying. The protocol could also be implemented using presently available technology.
A voting system can use the security of blockchain and the mail to provide a reliable voting system. A registered voter receives a computer-readable code in the mail and confirms the identity and confirms correct ballot information in an election. The system separates voter identification and votes to ensure vote anonymity, and stores votes on a distributed ledger in a blockchain.
Sources: www.researchgate.net, patents.justia.com

Federal Student Loan Payments Officially Suspended

President Trump signed an Executive Memorandum on August 8 related to student loan relief.
Secretary DeVos announced that she has fully implemented Mr. Trump's directive.
Source:www.ed.gov

Gold standard strategy and the collapse of dollar

The dollar is no longer pegged to gold, but it is still the world's reserve currency. Over 60% of the foreign bank reserves are currently held in US Dollars.
There have been efforts by numerous countries (led by China and Russia) to dethrone the US Dollar as the world's reserve currency. China has been reducing its exposure to the Dollar for a long time, and both China, as well as Russia, have been stocking up on gold in recent times.
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured.
Sources: www.fxstreet.com, uk.news.yahoo.com, seekingalpha.com

The old system is taken over by NESARA?

Washington DC is a Ghost Town. FBI building boarded up. IRS offices closed. Banks closed. Gov. Buildings closed. Commuter trains entering DC empty. Capitol Hill remained behind wire fence as it had since the Biden Inauguration.
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

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