IMF, World Bank annual meetings on economic development

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News Date: October 11, 2020

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

Zero Point Energy Declassification

Trumps revenge will be Declassification of Zero Point Energy! Off-world vehicles not made on this Earth.
The quantum field theory predicts that there exists an energy of the vacuum resulting from the non-zero zero-point energies of the quantum fields that fill our universe.
Imagine if we could collect the energy out of thin air. And I mean it quite literally.You know how you were taught that a vacuum is nothing but empty space? That isnt exactly true, at least in the world of quantum mechanics. If you dive deeper, below the level of molecules, atoms, electrons and protons, and into the world of the tiniest subatomic particles, like quarks, you will see that even the vacuum of space can never be truly empty. It is filled with particles that randomly pop in and out of existence.But the exciting thing about those these fluctuating particles is that they generate energy that we could, hypothetically, put to good use.
Sources: twitter.com, beforeitsnews.com, www.youtube.com

Fintech and XRP Support in US GOV Register New Rule

The Remittance Transfers Under the Electronic Fund Transfer Act final rule is effective July 21, 2020.
The continued growth of "fintech" nonbank remittance transfer providers and their further expansion into partnerships and other relationships with banks and credit unions, which allow such entities to tap into the closed network payment systems that nonbank remittance transfer providers have developed and (3) the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers.
The Bureau also believes that expanded adoption of SWIFT's gpi product or Ripple's suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.
Source: www.federalregister.gov

Trump vows Greatness in the months ahead

Former President Donald Trump sent out an email blast after the Senate acquitted him on a 57-43 vote.
At one point in his statement, Trump says "Our historic, patriotic and beautiful movement to Make America Great Again has only just begun. In the months ahead I have much to share with you, and I look forward to continuing our incredible journey together to achieve American greatness for all of our people. There has never been anything like it!"
Full text below:
I want to first thank my team of dedicated lawyers and others for their tireless work upholding justice and defending truth.
My deepest thanks as well to all of the United States Senators and Members of Congress who stood proudly for the Constitution we all revere and for the sacred legal principles at the heart of our country.
Our cherished Constitutional Republic was founded on the impartial rule of law, the indispensable safeguard for our liberties, our rights and our freedoms.
It is a sad commentary on our times that one political party in America is given a free pass to denigrate the rule of law, defame law enforcement, cheer mobs, excuse rioters, and transform justice into a tool of political vengeance, and persecute, blacklist, cancel and suppress all people and viewpoints with whom or which they disagree. I always have, and always will, be a champion for the unwavering rule of law, the heroes of law enforcement, and the right of Americans to peacefully and honorably debate the issues of the day without malice and without hate.
This has been yet another phase of the greatest witch hunt in the history of our Country. No president has ever gone through anything like it, and it continues because our opponents cannot forget the almost 75 million people, the highest number ever for a sitting president, who voted for us just a few short months ago.
I also want to convey my gratitude to the millions of decent, hardworking, law-abiding, God-and-Country loving citizens who have bravely supported these important principles in these very difficult and challenging times.
Our historic, patriotic and beautiful movement to Make America Great Again has only just begun. In the months ahead I have much to share with you, and I look forward to continuing our incredible journey together to achieve American greatness for all of our people. There has never been anything like it!
We have so much work ahead of us, and soon we will emerge with a vision for a bright, radiant, and limitless American future.
Together there is nothing we cannot accomplish.
We remain one People, one family, and one glorious nation under God, and it is our responsibility to preserve this magnificent inheritance for our children and for generations of Americans to come.
May God bless all of you, and may God forever bless the United States of America.

Congressional Sound Money Caucus

As you can see, the supply of dollars has gone up dramatically, really since the gold standard ended in 1971. It is a gradual slope.
But if you see since the recession, it has been aggressive. And then, obviously, here, this year, it has been nearly vertical.
The value of the dollar is critical. That is the store of value for all Americans.
According to Congressman Davidson's office, the caucus exists to promote sound fiscal and monetary policy in the United States with the goal of preserving the purchasing power of the U.S. Federal Reserve Note.
Source:www.congress.gov

Gold Is Going To Be The New Global Currency

America not only has record debts but the Fed keeps creating dollars as the tsunami of money cheapens the worlds leading currency.
A man who is connected in China at the highest levels said gold is going to be the new global currency.
Central banks bought 90 tonnes this spring and data player Palantir Technologies bought $50 million in gold bars in August.
US taxpayers and investors require their attractive insurance policy against rampant government spending and currency depreciation.
Gold is such an asset since it has no counterparty risk. It will become more valuable as more money is issued to finance government spending.
Sources: financebrokerage.com, kingworldnews.com