The Kraken is a Cray XT5 supercomputer to Break Petascale

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News Date: November 22, 2020

The University of Tennessee supercomputer, Kraken, has broken a major barrier to become the worlds first academic supercomputer to enter the petascale, performing more than 1 thousand trillion operations per second, a landmark achievement.
The Kraken Cray XT5 supercomputer at the National Institute for Computational Sciences (NICS) has been upgraded to become the first academic computer in the world to exceed one petaflop of calculation power.
Sources: news.utk.edu, news.softpedia.com

Donald Trump hints the gold standard again

Donald Trump is trying to tell us something about the return to the gold standard, citing an interesting section from the Constitution.
He posted on his network an article of the Constitution that specifically talks about Gold & Silver Coin as legal tender.
Article I, Section 10, Clause 1:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit;
make any Thing but gold and silver Coin a Tender in Payment of Debts;
pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
Posted on T.S., February 26.

BRICS Prepares for Global Currency Reset

Russian IMF representative, Alexey Mozhin, in an interview with RIA Novosti published on Friday, suggests BRICS nations should prepare for a potential collapse of the dollar and international monetary system by offering an alternative currency.
Mozhin's remarks highlight the increasing recognition of the flaws in the current financial system and the potential role of BRICS in providing an alternative solution.
"Such a proposal is being discussed. In the event of the collapse of the dollar and the international monetary system, it will be necessary to turn the said BRICS accounting unit into a real currency, backed by exchange goods,", he stated.

Debt relief for middle-income countries

The President of the UN General Assembly advocates for debt relief for middle-income nations.
Csaba Korosi, president of the UN General Assembly, called for debt relief and fair access to new technology for middle-income nations on Thursday.
He stated at a high-level meeting of the General Assembly on middle-income countries that the 110 middle-income countries, which make up roughly one-third of the global GDP and three-quarters of the world's population, are the main forces behind global development.

Gold, Silver is value. Fiat currencies losing power

Peter Schiff: The End of the Dollar Standard!
The reason that governments don't like gold is probably for the same reason that kids don't like chaperones at the senior prom. Because the chaperones are there to keep the kids in line and prevent them from doing things they really shouldn't be doing. And that's really what gold does. It's kind of like a chaperone for government politicians because it keeps them honest. Because if you have real money, and government wants to spend money on programs, it needs to collect that money in taxes. And that generally puts a brake on a lot of programs because the public doesn't want to pay.
Gold stands in the way, because you can print paper out of thin air. But gold can't be printed into existence; it needs to be mined. And if we're on a gold standard, and gold is money, then the government needs real money. And since it doesn't have the ability to make it, it has to collect it in taxes before it can spend it back into circulation.
It's not just the dollar. It's fiat currencies around the world that are losing purchasing power as their central banks are conjuring them into existence at a rate that's far more rapid than the miners are pulling gold out of the ground. Gold's a good store of value. So is silver. Bitcoin - no. Because bitcoin doesn't have any value and you can't store what you don't have.
It's not like we're finally seeing it. We've been seeing it for decades now. The monetary expansion is inflation. And the Fed's been expanding the money supply - they've been inflating the money supply for a long time.
So, I think that if we had a more honest CPI, the effects of inflation would be more apparent.
The government is really basically dropping money from helicopters, and it's about to drop a lot more. And that's going to go right into consumer goods, and it's going to push up prices.
I think the dollar is going to fall for a long time.
A. There's nothing modern about it. It's not like they just discovered the printing press. Central banks have been destroying their currencies with a printing press for a long time.
But if it's already been disproven multiple times, it's really not a theory. It's a tragedy is what it is. So, the whole name doesn't even make sense.
If you're creating all this inflation, eventually it's going to lead to a big increase in money supply, and then by their own definition, they're going to have to withdraw all that money from circulation if they don't want it to become worthless. But it's easier said than done. Once you get everybody high on heroin, how do you take the heroin away without them going through withdrawal? That's what the Federal Reserve just found out - again - when they tried to normalize interest rates after keeping them at zero for so long. The markets started hemorrhaging. They went into withdrawal in the fourth quarter of 2018 and everything started falling apart. So, they had to go back to QE. They had to go back to rate cuts. They had to keep the addict juiced up.
It's the ultimate something for nothing.
Source:www.youtube.com

PPP Loan Forgiveness Procedures

Procedures for Lender Submission of Paycheck Protection Program Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan.
The purpose of this Notice is to inform Paycheck Protection Program (PPP) Lenders of the processes for submitting decisions on PPP borrower loan forgiveness applications to SBA, requesting payment of the forgiveness amount determined by the Lender, SBA loan forgiveness reviews and payment of the loan forgiveness amount determined by SBA.
The PPP Forgiveness Platform will go live and begin accepting Lender submissions on August 10, 2020, subject to extension if any new legislative amendments to the forgiveness process necessitate changes to the system.
Source:www.sba.gov