A Monetary System as Good as Gold

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News Date: July 16, 2020

The gold standard provides a better anchor for inflation expectations without an obvious cost in terms of lower output or higher unemployment.
The gold standard isn't perfect. No system is. But it has many virtues. A strong case can be made that it's the best of all feasible institutional alternatives. Lawrence White, puts it: The gold standard is still the gold standard among monetary systems.
Source: www.aier.org

EO Promoting Redemption of Savings Bonds

President Donald Trump issued an Executive Order Promoting Redemption of Savings Bonds on December 18, 2020.
Could a seismic monetary shift be on the horizon for the Restored Republic.
It is an ongoing pilot project to assess the feasibility and cost of digitizing & making these records searchable & accessible.
It is currently estimated that more than 75 million matured savings bonds, issued as far back as 1935, remain unredeemed. The total value of these unredeemed savings bonds is approximately $27 billion.
Sources: www.whitehouse.gov

Saudi Arabia ready for SCO

At the initiative of the Saudi side, Vladimir Putin had a telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud.
They discussed cooperation in the SCO , MBS expressed his readiness to actively participate in its work.
The parties also discussed the coordination of the two countries in order to ensure stability in oil market.
Sources: kremlin.ru

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

CEO of SVB exits the board of FED

CEO of Failed Silicon Valley Bank No Longer a Director at SF Fed.
The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
The spokesperson declined to say how Becker exited the San Francisco Fed board.
(Reuters)

Kennedy half dollar and golden decoration at WH Xmas

The beginning of FLOTUSs Christmas video starts with the Seal of the President of the United States. It is used in various ways including on the Kennedy half dollar.
The Phoenix on the Melania Trump Xmas tree ornament is the same as the Kennedy half dollar, which was in circulation from 1964 just after his death until 2002 just after 911 !!! He died exposing the deep-state military-industrial complex who also did 911!
FLOTUS: During this special time of the year, I am delighted to share America the Beautiful and pay tribute to the majesty of our great Nation. Together, we celebrate this land we are all proud to call home.
This may suggest the return to gold/silver standard as a Christmas gift, also paying tribute to those heroes who fought for NESARA.
Sources: www.whitehouse.gov, twitter.com