Payroll Tax Cut

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News Date: August 5, 2020

President Trump said Wednesday that he has the absolute right to suspend payroll tax collections without the approval of Congress.
The president has considered issuing an executive order suspending evictions and payroll cuts.
Source 1:www.foxbusiness.com/
President Trump recent tweeted Payroll Tax Cut plus Dollars!
Source 2:twitter.com
Also, in march 2020, Trump proposed eliminating payroll tax through the end of the year.
Source 3:www.nbcnews.com

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.

DoJ drops criminal investigation into Fed

⚖️🏛 April 24, 2026: DoJ drops criminal investigation of Fed chair Powell and Fed. This decision clears the way for Trump's nominee, Kevin Warsh, to move forward with his Senate confirmation vote.
🔥 April 15, 2026: Trump threatens to fire Fed chair Powell if he doesn't leave in May. Trump is threatening to fire Jerome Powell if he doesn’t step down on his own 😳
Powell's term expires on 15 May, but he is planning to remain in post until his successor, Kevin Warsh, is confirmed by the Senate.
Even after a successor is confirmed, Trump says he’ll remove Powell if he remains a Fed governor.
🔍 Meanwhile, the investigation into the Fed headquarters renovation is still ongoing.
⚔️ October 28, 2025: President Trump says Fed Chair Jerome Powell will be out in a 'few months.'
Donald Trump is preparing to announce his next Federal Reserve Chair, a decision that could reshape not just U.S. monetary policy — but the global economy.
The finalists:
💼 Christopher Waller – pragmatic insider, favors faster rate cuts
🏦 Michelle Bowman – banking regulator, steady and growth-minded
📈 Kevin Warsh – policy veteran, reform advocate
🤝 Kevin Hassett – loyal Trump adviser, pro-growth voice
💰 Rick Rieder – Wall Street strategist, market stabilizer
With Trump seeking a more aggressive, pro-growth Fed, markets — including crypto — are watching closely. A dovish pick could ignite new rallies, while a cautious one may bring stability but restraint. 🌍
🚨 August 12, 2025: Trump signals he might allow a lawsuit against Fed Chair Powell over costly Fed renovation! 🏛️ He’s doubling down, calling again for rate cuts and threatening legal action. 💥
🕰️ August 1, 2025: Trump posted: “Too Late” Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, also!
🏛️July 21, 2025: Rep. Anna Paulina Luna has referred Fed Chair Jerome Powell to the DOJ for potential perjury, accusing him of lying to Congress about lavish HQ renovations. Powell denied luxury upgrades — but records show a $2.5B project and past full renovations.
Trump, who recently weighed firing Powell, remains critical of his refusal to cut rates. Meanwhile, Treasury Secretary Bessent calls for a broader review of the Fed’s role.
✅ July 16, 2025: According to the New York Times, President Trump reportedly waved a draft letter firing Fed Chair Jerome Powell during a meeting with House Republicans in the Oval Office. He asked them if he should send it. The letter hasn’t been delivered—yet. Powell’s fate may now hinge on political momentum. 🪑🔥
🔥 July 15, 2025: Trump torches Fed Chair Jerome Powell over $2.5B HQ renovations, calling it “disgraceful” and suggesting it’s a fireable offense. 😬 He mocked Powell’s lack of personality and economic judgment, saying, “It’s like talking to a chair.” Trump also claimed he outperformed 69 Fed economists with his predictions 📉📈.
🏛️ July 13, 2025: White House adviser Kevin Hassett says President Trump could fire Fed Chair Jerome Powell if cause is found—possibly tied to the $700 million overrun in Fed HQ renovations.
The administration is pressuring Powell for answers, and some see this as a setup to remove him. Hassett, a possible successor, hinted the decision depends on Powell’s response to a July 10 letter from OMB.
🔥 July 9, 2025: Speculation is growing that Jerome Powell may be planning to resign, following Trump’s call for Congress to investigate the Federal Reserve chief. 👀
💥 June 30, 2025: Scott Bessent says the White House is actively working to select Jerome Powell's replacement in the coming weeks. When asked about stepping into the role himself, Bessent said: “I will do what the President wants.”
🏛 June 27, 2025: President Trump calls for Fed Chair Jerome Powell to resign. Trump: I'd love for him to resign… He’s done a lousy job.
🏦 June 25, 2025: President Trump has begun interviewing candidates to replace Federal Reserve Chair Jerome Powell. "I know within three or four people who I’m going to pick," he stated Wednesday.
🏛️ June 21, 2025: Trump posted: maybe, I’ll have to change my mind about firing him? But regardless, his Term ends shortly!
🏛️ June 18, 2025: President Trump ramps up attacks on Fed Chair Jerome Powell — and half-jokingly suggests appointing himself to lead the Federal Reserve. "I’d do a better job," he quipped, fueling speculation and headlines alike.
🏛️ June 7, 2025: President Donald Trump announced that a decision on the next Federal Reserve chair is coming “very soon.” Speaking aboard Air Force One, Trump reiterated his stance that a strong Fed leader would lower interest rates. Kevin Warsh is seen as the frontrunner, as Trump continues to criticize current Chair Jerome Powell’s rate policy.
May 20, 2025: A reported court ruling has sparked speculation that President Trump could have the authority to remove Federal Reserve Chair Jerome Powell, potentially paving the way for interest rate cuts. However, no official sources confirm this ruling, and legal protections under the Federal Reserve Act suggest Powell’s position remains secure absent misconduct. Stay tuned for verified updates!
President Donald Trump, who nominated Jerome Powell to lead the Federal Reserve in 2017, recently stated he has “no intention” of firing the central bank chair before his term ends in 2026. This marks a shift from Trump’s escalated rhetoric, where he hinted at the unprecedented step of ousting him over disagreements on interest rate policies. Trump’s push for lower rates to counter his tariff-driven economic agenda has clashed with Powell’s warnings of potential inflation and slower growth. Despite the de-escalation, which calmed markets, Trump’s continued pressure suggests the Fed’s independence remains under strain as he tests the limits of his influence.
Trump’s frustration centers on the Fed’s refusal to cut interest rates, which he says hinders growth.
Powell, whose term lasts until May 2026, has stressed the Fed’s independence. Removing him would require proving misconduct, a legal challenge no president has won. The move could test the Fed’s autonomy.

September 10: EO13848 expiration day

Friday September 10: EO13848 expiration day: Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.
On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Sources: www.federalregister.gov

What is Special Drawing Right (SDR)

The SDR was initially defined as equivalent to 0.888671 grams of fine gold-which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system, the SDR was redefined as a basket of currencies.
Source: www.imf.org

Russia China will lead the world to gold standard

The process of fiat money collapse is currently underway and that gold, property and productive assets like manufacturing factories can be used to rebuild the economic system.
A combination of China and Russia would be the two countries that will lead us back to having a currency backed by precious metals.
China has multiples of what they report in gold reserves, that they probably got 20,000+ tons of gold reserves.
Russia is actually in a very-very good position: they have very low debt, they don't run large deficits, etc. They got a very large natural resource economy as well.
As a result, when the things come crashing down that the first two currencies that go to a gold backing are China and Russia.