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A Dying Fiat System and Precious Metals

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News Date: February 2, 2022

With the Fed set to hike rates and kill QE, markets are in turmoil. The Fiat money System is dying.
Some bank analysts are forecasting seven hikes this year.
Gold is of course the world's ultimate asset.
The US mint sells five million silver eagle coins in January.
Silver is biding its time before taking off to the higher ground.
Source: fxstreet.com

International banking alliance using Ripple

National Australia Bank (NAB) has signed agreements with two leading global financial institutions:
- Israel's Bank Leumi;
- The Canadian Imperial Bank of Commerce (CIBC);
- to form an international banking innovation alliance.
It is partnering with the alliance using Ripple's blockchain network technology.
NAB is one of Australia's major 4 banks and forms an international bank innovation network.
Source: news.nab.com.au

FedNow alongside private sector Service

Fed announces details of the FedNow interbank service.
The FedNow Service will be available to banks in the United States and will enable individuals and businesses to send instant payments any time of day, any day of the year through their bank accounts.
The target launch date for the service remains 2023 or 2024, with a more specific time frame to be announced after additional work is completed.
The FedNow Service, alongside similar services provided by the private sector, will modernize the U.S. payment system and bring the benefits of instant payments broadly to communities across the country.
Sources:www.federalreserve.gov

Quantum computing to crack cryptocurrency in 8 years

Ripple CTO David Schwartz says quantum computing poses a serious threat to the future of cryptocurrency.
Schwartz says he thinks developers have at least eight years until the technology, which leverages the properties of quantum physics to perform fast calculations, becomes sophisticated enough to crack cryptocurrency.
Source:www.crypto-news-flash.com

Global Humanitarian Overview

The Global Humanitarian Overview (GHO) 2020 published on 4 December 2019 announced funding requirements of $28.8 billion to assist 108.8 million of the 167.6 million people in need in 53 countries.
Source: reliefweb.int

Donald Trump: 1776, not 1619

President Trump made a huge statement: 1776, not 1619! 1619 project was when first slaves were brought to America. 1776 was Americas Declaration of Independence. All men are created equal.
We will completely defund and bar Critical Race Theory - 1776 not 1619, Trump said, referring to Jones highly controversial 1619 project, in which Jones asserts the United States was founded on the institution of slavery as well as the legalized discrimination against black Americans.
The declared purpose of the President Advisory 1776 Commission ordered by Trump in 2020, was to enable a rising generation to understand the history and principles of the founding of the United States in 1776 and to strive to form a more perfect Union.
Sources: t.me/real_DonaldJTrump, www.breitbart.com

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