Gold Standard Bill re-introduced
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News Date: October 10, 2022
May 12, 2024 update: U.S. Rep. Alex Mooney (R-WV) has reintroduced a bill aimed at eliminating federal income taxation on gold and silver coins as well as bullion, emphasizing the value of stable currency.
Older news:
U.S. Congressman Introduces Gold Standard Bill as Inflation Spirals Out of Control.
Rep. Alex Mooney proposes the United States adopt a new gold standard after U.S. government officials first disclose all gold holdings and secret gold transactions, allowing the gold price to adjust to its fair market value.
Referred to as the 'Gold Standard Restoration Act' by sound money activists, H.R. 9157 calls for the repegging of the Federal Reserve note to gold in order to address the ongoing problems of inflation, runaway federal debt, and monetary system instability.
Alex Mooney also introduced H.R.5404 (2018), a bill to define the dollar as a fixed weight of gold.
Sources: accesswire.com
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Gold standard announcement
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Source:twitter.com
The BRICS digital payment system advances
October 17 update:BRICS Pay officially unveils a new demo, according to its official website.
Users can test it at the BRICS Business Forum in Moscow, linking a one-time QR code card in the app and receive 500 rubles for purchases at BRICS Pay-labeled stores.
October 12 update:
Russia has proposed a new cross-border payment system at a BRICS meeting in Moscow.
The plan includes using local currencies, direct links between central banks, and distributed ledger technology (DLT) for faster, more secure settlements.
It also suggests creating trade centers for key commodities like oil and gold.
This comes ahead of the BRICS summit in Kazan, scheduled for October 22-24.
Older news:
Russia is advancing its plans for a BRICS digital payment system, according to Valentina Matviyenko, the Federation Council Speaker.
In response to sanctions and being cut off from SWIFT, the Bank of Russia has developed its own payment system, which has already seen participation from several countries.
Matviyenko announced that progress on the BRICS digital payment platform is ongoing.
"The creation of the independent financial payment platform BRICS Bridge, a standalone mutual payment system on a firm joint platform, is now being discussed within BRICS.
I have spoken both with the Central Bank and the Finance Ministry, things are moving along nicely," she said in a press conference.
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