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A Financial System by Nonbank Financials, Fintech, and Innovation

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News Date: July 2, 2020

Fintech stands for financial technology.
On February 3, 2017, Donald Trump issued a Presidential Executive Order on Core Principles for Regulating the United States Financial System.
Full order:whitehouse.gov
The report of U.S. Department of the Treasury was prepared on July 2018, set A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation.
Nonbanks are well integrated into the U.S. payments system and play key roles such as facilitating back-end check processing; enabling card issuance, processing, and network activities; and providing customer-facing digital payments software.
This report includes a limited treatment of blockchain and distributed ledger technologies.
Treasury report: treasury.gov

Gold has the historic value

Russia holds world's fifth-largest gold & foreign currency reserves.
Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland, and India, the Accounts Chamber said after an audit of the country's gold and foreign exchange holdings.
Gold proves its intrinsic value over time, as a hoard of Roman gold coins recovered from the seabed.
The horde was identified after two amateur free divers discovered coins in the bay of Portitxol in Xabia.
Sources: www.heritagedaily.com

Gold standard the final solution globally

Precious metals have been a safe haven all throughout human history, and that is especially true during highly inflationary times.
If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.
Gold Could Offer a Way out of Switzerland Failing Inflationist Experiment.
Switzerland could break with the globally pervasive regulations which suppress the potential of gold to develop fully as a nonstate money. Swiss banks, already expert at servicing gold deposit accounts for their clients, would get permission to establish a clearinghouse in Zurich for settling transactions between themselves in the yellow metal (in, say, kilogram gold bars deliverable in Switzerland), thereby facilitating direct payments in gold by their clients for goods or assets without having to pass through the US dollar.
The World Gold Council announced, on Sunday, that the central banks possession of gold increased.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change and its members consist of the largest and most advanced gold mining companies in the world.
Sources: search4dinar.wordpress.com, mises.org

EO Imposing Sanctions in Foreign Interference in a US Election

Executive Order on Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election:
Not later than 45 days after the conclusion of a United States election, the Director of National Intelligence, in consultation with the heads of any other appropriate executive departments and agencies (agencies), shall conduct an assessment of any information indicating that a foreign government, or any person acting as an agent of or on behalf of a foreign government, has acted with the intent or purpose of interfering in that election.
Sources: www.whitehouse.gov

What is a silver short squeeze?

The idea of a silver squeeze, in very basic terms, is this: The silver price - so the theory goes - has been artificially held down by people (hedge funds, institutions, etc.) who "short" silver. This means they are betting that the price of silver will fall.
To short, or short-sell means borrowing a share or commodity, and then selling it. If the price falls, I can buy it back at a lower price, return it to the lender, and pocket the difference. But if the price rises, I am forced to buy it back at a higher price, and I lose money.
If a lot of new investors rush to buy silver, raising the price, the short-sellers will be forced to buy it back at a much greater price. This ever-increasing upward pressure forces prices higher. It is more complex than that, but this is the bones of a silver squeeze.
This is a movement to help level the playing field between everyday people and the billionaires who control the big financial institutions that control the money, and thus control us. It is a movement to wake people up to what is been happening, and to help us, together, start to reclaim the power we have unwittingly allowed others to have over our lives. Big banks have made big fortunes by manipulating the silver market for decades. Although many have tried, and some have come close, no one has been strong enough to completely break their stranglehold. Until now.
The silver market is the Achilles heel of the old system, and its time has come.
Sources: silverseek.com, www.fool.co.uk

Zimbabwe to back its currency with gold

Update: The IMF urged Zimbabwe to expedite currency reforms during a recent staff visit, emphasizing a move towards a market-driven exchange rate and the removal of existing distortions.
Zimbabwe's Finance Minister announced new measures to stabilize its local currency in an online press briefing held Monday.
Zimbabwe to back its currency with hard assets such as gold to end exchange-rate instability, Finance Minister Mthuli Ncube said.
"The idea going forward is to make sure that we manage the growth of liquidity which has a high correlation to money supply growth and inflation.
The way to do that is to link the exchange rate to some hard asset such as gold," said Ncube.
He also announced a conference of African ministers that Zimbabwe will host at the end of this month.

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