Payroll tax holiday

Gesara.news » News » Payroll tax holiday

Share via:

News Date: August 8, 2020

President Donald Trump's first executive order today provides a payroll tax holiday to Americans earning less than $100,000 per year.
The administration is also looking at cuts to income taxes for lower and middle-income individuals, as well as cuts capital gains taxes.
Source:https://twitter.com

What is the Gold Standard

Gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency.
In an international gold-standard system, gold or a currency that is convertible into gold at a fixed price is used as a medium of international payments. Under such a system, exchange rates between countries are fixed; if exchange rates rise above or fall below the fixed mint rate by more than the cost of shipping gold from one country to another, large gold inflows or outflows occur until the rates return to the official level.
President Franklin Roosevelt suspended the gold standard in 1933, a move which is widely credited with helping the country climb out of the Depression.
Sources: youtube.com, www.cbsnews.com

Former FED chairman: gold is currency

Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System.
Greenspan once said: I view gold as the primary global currency.
It is the only currency, along with silver, that does not require a counterparty signature.
Gold, however, has always been far more valuable per ounce than silver.
Gold is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it.
Sources: cmi-gold-silver

Trump plans troops global pullback

President Donald Trump may withdraw nearly all U.S. troops from Somalia as part of a global pullback that includes reductions of forces in Afghanistan and Iraq, U.S. officials said.
The officials, who spoke on condition of anonymity, said nothing had been finalized and that no orders for Somalia have been received by the U.S. military. But there appeared to be a growing expectation that drawdown orders would be coming soon.
Acting Defense Secretary Chris Miller issued a memo to the entire Defense Department that hinted of a coming U.S. withdrawal from Afghanistan.
Sources: www.breitbart.com, www.reuters.com

Patent WO2020060606 cryptocurrency system using body activity data

Microsoft Patents New Cryptocurrency System Using Body Activity Data.
Patent number: WO2020060606
Microsoft is recently issued a patent for a device that is implanted under your skin that tracks your movements, allows for cashless payments, and even allows for medical tracking
Source:patentscope.wipo.int

Ramaswamy supports Trump and commodity-backed currency

Billionaire entrepreneur Vivek Ramaswamy claims BRICS is developing a gold-backed currency to replace the U.S. dollar as the world's primary reserve currency.
"This is a major problem for the United States.
This would permanently increase our borrowing cost if the dollar is no longer the established reserve currency of the world.
So yes, actually, that does matter. The right way to deal with it, though, is not to try to swat that down, but increase the value proposition of the dollar itself by pegging the dollar to hard commodities," he stated in a press conference.
Vivek Ramaswamy dropped out of the presidential race and endorsed Donald Trump. Known for supporting currencies backed by commodities, his alliance with Trump suggests a shared vision for economic stability and challenges to traditional fiat systems.