The return to the golden age. The gold standard will rise again

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News Date: May 5, 2020

The New $100 Bill Will Usher In A NEW Gold Standard
It seems like today's national leaders are gradually reaching a consensus about how the world's monetary system should be structured. They are getting ready to return to a gold standard system.
Source:forbes.com

Chinese, Russian payment systems consultations

Chinese and Russian central banks to discuss the use of national payment systems.
The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing's envoy to Moscow told the TASS news agency in an interview published on Thursday.
Russian banks may issue cards with China as Visa, and Mastercard cut links.
The use of the Mir and China UnionPay national payment systems in both countries will be decided by the two sides' central banks at consultations.
Sources: reuters.com

Quantum information science to change the world

Trump administration establishes $75 million quantum computing centers.
Trump: Quantum information science has the potential to change the world. But to realize that potential, we must first answer some fundamental research questions.
The White House Office of Science and Technology Policy and the National Science Foundation (NSF) announced Tuesday the establishment of three quantum computing centers across the nation, involving an investment of $75 million.
The establishment of the centers stems from a provision in the National Quantum Initiative Act: www.congress.gov
Source:thehill.com

White House lit in Gold. Think 50 Year Anniversary

The White House was lit in Gold on October 8 night.
From 1946 to 1971, nations operated under a new monetary system: the Bretton Woods Agreement.
On August 15, 1971, Nixon removed gold as the backing to the U.S. dollar.
After Nixon left the Bretton Woods system, gold went from $35 an ounce in 1971 to over $1800 today.
Sources: catalyst.independent.org

Zimbabwe will introduce gold coins

The Monetary Policy Committee resolved to introduce gold coins into the market as an instrument that will enable investors to store value.
The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels.
Also, the Reserve Bank of Zimbabwe (RBZ), announced the review of interest rates and statutory reserves.
The measures come to combat the depreciation of the local currency, soaring inflation, and the threat of economic recession.
Sources: www.rbz.co.zw

Welcome to quantum computing era FED

Fed Announces It Will Quit Printing Paper Money. The Federal Reserve will not be printing new paper currency (they have already ceased making coins).
PayPal is leaping into the cryptocurrency market, Starting in the next few weeks, users in the US can buy and sell bitcoin and several other digital currencies on the platform.
Quantum computers will be orders of magnitude more powerful than anything we have today. Scientists predict that the emerging era of quantum computing could lead to great breakthroughs.
Sources:themadtruther.com, finance.yahoo.com, www.forbes.com