ISO 20022 implementation for Fedwire Funds Service

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News Date: October 26, 2021

The FederalReserve Board of Governors is seeking industry feedback by December 11 on a revised plan to implement ISO 20022 message format for the Fedwire Funds Service.
Recently, the Federal Reserve Banks announced the message specifications for the FedNow Service. While both the Fedwire Funds Service and the FedNow Service plan to use ISO 20022 messages, the implementations of the ISO 20022 standard for these services are separate initiatives.
Sources: www.frbservices.org, gesara.news

Cryptocurrency Market Reactions to Regulatory News

The U.S. Federal Reserve reveals that the cryptocurrency XRP didn't show great reaction or movements in price to regulatory news in the past.
Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price-performance to regulatory news.

Source:dallasfed.org

President Pro Tempore Emeritus Grassley

Senator Grassley gave a powerful speech at the Trump Rally!
High profile Senator Grassley rarely speaks at a Trump Rally, but he did it!
Chuck Grassley is a former president pro tempore and current president pro tempore emeritus.
The president pro tempore of the United States Senate is the second-highest-ranking official of the United States Senate.
Reports that 6 buses were escorted by police and Secret Service from DC.
Think of place holder, A possible scenario: Removal of current admin by Military will leave Grassley to assume the presidency. He would technically be next in line.
The transition may be happening! Did Trump introduce the interim president of the United States of America?
Actor Jon Voight decried forces of evil in America, urged Americans to watch the Trump Iowa rally.
Sources: en.wikipedia.org, rsbnetwork.com

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

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

Philadelphia FED researchers suggest gold standard

Researchers at the Federal Reserve Bank of Philadelphia say switching to the gold standard could stabilize prices.
In their February working paper, researchers at the Federal Reserve Bank of Philadelphia suggest that adopting a gold standard could lead to long-term price stability.
Jesus Fernandez-Villaverde and Daniel Sanches argue that inflation and deflation would become temporary events in a hypothetical small open economy operating under the gold standard.
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