The world awaits the leader of the free world

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News Date: December 10, 2020

Senator Gerard Rennick: This election is not over in the states 17 states just sued the other states and we will see who is the leader of the free world come back next year.
Australian Senate awaits the results of the election for the Free World. The world is depending on the US election, on POTUS.
In the Australian Senate Senator Rennick from Queensland keeps his colleagues up to date with the latest lawsuit by 18 states to overturn the American presidential election.
Sources: twitter.com

The Petro-yuan announcement

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh.
President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.
China to use Shanghai exchange for yuan energy deals with Gulf nations.
China's President Xi Jinping said in Riyadh on Friday that China and Gulf nations should make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade.
Sources: reuters

The Kraken is a Cray XT5 supercomputer to Break Petascale

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

Qatar boosted gold reserves to record levels

Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July.
The Qatar Central Bank is the latest bank to announce an increase in its holding of precious metals.
Reserve data from the central bank shows it bought 14.8 tonnes of gold last month.
Source: kitco.com

The financial system is changing right now

Russian minister says: we are working on digital One World One Currency for trade - local media.
Russian financial messaging system will be able to replace SWIFT - financial infrastructure will work smoothly - Russian Central Bank Chair.
Stocks booming in Chinese SWIFT alternative - CIPS.
The Cross-Border Interbank Payment System (CIPS) is a payment system that offers clearing and settlement services for its participants in cross-border RMB payments and trade.
It is a significant financial market infrastructure in China.
CIPS is sometimes referred to as the China Interbank Payment System.
Bank of Russia Resumes Gold Buying After Two Years on Sidelines.
Russia-Ukraine war is 'a financial war now': Deutsche Bank

Historic Investments in Economic Growth

Following enactment of the American Rescue Plan in March of 2021, the Treasury Department oversaw an historic and unprecedented provision of federal assistance to struggling Americans, including delivering more than 150 million Economic Impact Payments within the first few weeks following the American Rescue Plan's passage; helping launch a national infrastructure to provide emergency rental assistance and prevent evictions across the country; issuing the first ever monthly payments of the Child Tax Credit which supported tens of millions of families; and rapidly distributing unprecedented Fiscal Recovery Fund resources directly to communities to help local leaders avoid cuts, address local needs, and support rapid, resilient, and equitable recovery.
Source: treasury.gov