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The FEDs independence Days Are Numbered

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News Date: September 21, 2020

Sometime back in March, the Federal Reserve began quarantining cash bills arriving from Asia. The move was meant to protect Americans from the coronavirus, but it was not entirely necessary. Cash usage was already at an all-time low.
The Fed is going to buy stocks. I do not know precisely when , but it will happen, and probably soon. It does not want to buy stocks but knows it is too dangerous to rule out. Since financial markets are like teenagers - continually testing boundaries - expect the Fed to keep getting pressed on this issue.
Sources:www.forbes.com, www.barrons.com

XRP the Ripple force in the Federal Reserve projects

Fed Faster Payments Task Force gives Ripple vote of confidence for next gen of global payments.
Ripple's Executive Elected to Fed's Faster payments Task Force.
The desired outcomes focused on speed, security, efficiency, cross border payments, and industry collaboration.
Source:ripple.com

Millions back to UK taxpayer

Graham Smith, the CEO of Republic, told Express.co.uk that the Queen and Prince of Wales are two of the most expensive members of the Royal Family. Republic is an organisation that campaigns for the abolishment of the monarchy and for Queen Elizabeth II to be replaced by an independent, democratic Head of State.
Queen and Charles ordered to pay back millions to UK taxpayer amid fury over monarchy cost.
Sources:www.express.co.uk

Why is gold valuable?

Gold is abundant enough to create coins but rare enough so that not everyone can produce them. Gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.
Gold cannot be destroyed by Water, Time, Fire.
Gold doesn't need Feeding, Fertilizer, Maintenance.
Gold is Malleable, Ductile, Beautiful, Rare.
Sources:tizzime.com, https://www.investopedia.com

Putin, Xi To Sign a 'New Era' Declaration

Kremlin: Putin, Xi To Sign Declaration On 'New Era' Ties.
Russian President Vladimir Putin and Chinese leader President Xi Jinping will sign an agreement ushering in a 'new era' of ties during talks in Moscow next week, a Kremlin official said Friday.

Saudi Arabia joins SCO

Riyadh joins Shanghai Cooperation Organization as ties with Beijing grow.
Saudi Arabia's cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization, as Riyadh builds a long-term partnership with China despite U.S. security concerns.
(Reuters)

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