IMF Debt forgiveness for 25 poorest countries
Gesara.news » News » IMF Debt forgiveness for 25 poorest countries
News Date: May 14, 2020
IMF Executive Board approved immediate debt service relief to 25 of the IMF's member countries under the IMF's revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund's response to help address the impact of the COVID-19 pandemic.
Source:imf.org
Fed destroys the dollar again by historic strategy
Fed lays out historic shift to inflation strategy targeting 2% average inflation and focusing on jobs.Rumors suggest that the Fed would allow rates to go as high as 4%.
Stocks jumped, as investors took heart from Federal Reserve Chair Jerome Powell's pledge.
Sources:www.federalreserve.gov, finance.yahoo.com
Central Bank digital currencies Competition
China CBDC Pilot Program Beats West to the Punch.Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com
Bill Gates arrested hoax
The satirical news website The Betoota Advocate became viral satirizing an alleged FBI Arrest of Bill Gates For Biological TerrorismAt the beginning, the lights of the pre-painted picture betray them.
Source:betootaadvocate.com, wikipedia.org
Fed testing FooWire blockchain with Hyperledger
Federal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
Source:www.federalreserve.gov
Governments resign worldwide. Fall of Empire
Amid OBAMAGATE is unleashed, governments worldwide are stepping down as their politics wobbles.Angela Merkel stepped down and a messy race to succeed the chancellor after the upcoming election this September.
Dutch government resigns over child benefits scandal.
Estonia prime minister Juri Ratas resigns, Kaja Kallas asked to form the government.
Italy government in crisis as Renzi ministers resign.
Kuwait cabinet members resign amid a dispute with Parliament.
Updates soon. Stay Tuned.
Details: www.politico.com