Germany Basic Income of $1,400 every month experiment

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News Date: August 26, 2020

As part of the study, 120 people will receive E1,200, or about $1,430, each month for three years - an amount just above Germany's poverty line - and researchers will compare their experiences with another group of 1,380 people who will not receive the payments.
Source:themindunleashed.com

Corrupt Systems Implosion

Markets will have to absorb higher rates, and there is too much debt.
This is one of the best macro setups in history for Gold & Silver.
Precious metals will see dramatic wealth enhancement when inherently false & corrupt systems and currencies collapse under their own weight.
More money creation is just a masked form of bankruptcy in which default is "avoided" at the expense of the underlying currencies.
In such inevitable cycle-turns, the real advantage of precious metals will rest in their historical role as wealth preservation insurers.
The supply of these critical assets will make them harder to acquire.
The key, therefore, is to buy your insurance before rather than after the financial fire.
Source: youtube.com

IMF, World Bank annual meetings on economic development

The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the worlds poorest nations that is set to expire at year end.
The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October. The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.
The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
IMF to revalue its Special Drawing Rights (SDR) - the world's reserve currency waiting in the wings.
Sources:www.bloomberg.com, ahram.org.eg, gesara.news

SWIFT plans new service, Digital EURO on the horizon

SWIFT announced plans for a new service to help banks improve the experience for small and medium-sized enterprises (SMEs) and consumers who send low-value payments across borders. The service will enable these bank customers to make faster, easier, predictable and competitively priced payments all around the world.
The European Central Bank (ECB) announced that it will start conducting experiments to decide whether to launch a digital euro. In a report setting out the pros and cons of launching a digital euro, the ECB said that it could support the Eurosystems objectives by providing citizens with a safe form of money in the fast-changing digital world.
Sources:www.swift.com, www.euronews.com

Scientist Behind The Navy's "UFO Patents" Has Now Filed One For A Compact Fusion Reactor

It is claimed in the patent application that this plasma compression fusion device is capable of producing power in the gigawatt (1 billion watts) to terawatt (1 trillion watts) range and above with input power only in the kilowatt (1,000 watts) to megawatt (1,000,000 watts) range. By comparison, America's largest nuclear power plant, the Palo Verde nuclear power plant in Arizona, generates around 4,000 megawatts (4 gigawatts), and the A1B nuclear reactors designed for the Navy's Gerald R. Ford-class aircraft carriers generate around 700 megawatts. The patent even claims that the device can "possibly lead to ignition plasma burn, that is self-sustained plasma burn without need for external input power."
Source:thedrive.com

FED will adopt ISO 20022 message format

Federal Reserve Board announces the Reserve Banks will adopt a new message format for the Fedwire Funds Service and invites public comment on proposal to expedite adoption.
The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.
The change will allow for enhanced efficiency of both domestic and cross-border payments, and a richer set of payment data that may help banks and other entities comply with sanctions and anti-money laundering requirements.
Sources: www.federalreserve.gov