Next generation supersonic jet

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News Date: August 5, 2020

Virgin released a few fantastic conceptual designs of the new supersonic commercial aircraft that would have the capacity for 9 to 19 people at an altitude above 60,000 feet.
The now-retired Concorde flew at average cruising speed around Mach 2, which would mean the Virgin aircraft could hit speeds over 2,300 mph, or about 50% faster.
Sources:liveandletsfly.com, www.zerohedge.com

Federal Student Loan Payments Officially Suspended

President Trump signed an Executive Memorandum on August 8 related to student loan relief.
Secretary DeVos announced that she has fully implemented Mr. Trump's directive.
Source:www.ed.gov

Egypt is expected to join BRICS

Egypt plans to issue yuan-denominated bonds worth more than $500 million - Finance Minister Mohamed Maait.
Russia is negotiating the use of Mir payment card with several countries, including Egypt.
There are reports of Egypt preparing apps to join BRICS.
The president of the BRICS International Forum expects Turkey, Egypt, and Saudi Arabia to join the group "very soon".
Source: reuters.com

The American Bankers Association confirmed ISO20022 migration

The American Bankers Association has confirmed to the Federal Reserve on Monday that it supports a plan to migrate to ISO20022 on a single day but said it has "serious concern" regarding the lack of detail about the plan.
They recommend that the Board and Reserve Banks provide test accounts for financial institutions to use during this process.
They also recommend The Board and Reserve Banks provide the detailed and final ISO standard for their messages on the SWIFT MyStandards site as soon as possible.
Source: www.aba.com

Banks Are Restocking Gold

Banks Are Restocking Gold at Fastest Pace in Years.
The Comex vaults have been steadily depleted over the last several months, however, 1.6M ounces of gold just showed up since March 1.
This is the largest inflow since October 2020 and we are only halfway through March!
This may be simply a restock of the metal lost in Jan and Feb.
It's also possible this is being used to support the massive delivery volume being seen in the historically quiet month of March.
But a third possibility is that the banks are preparing for massive delivery volume in April.
Source: schiffgold.com

Russia to continue Mir bankcard expansion

Mir is a payment and money transfer system operated by the Russian National Payment Card System.
The Russian Mir payments system is expanding to other countries in 2022.
Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards.
Source: reuters.com