Payroll tax holiday
Gesara.news » News » Payroll tax holiday
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
World Bank President:China needs to participate in debt relief
World Bank President David Malpass said that the Chinese government and its creditors need to participate in coordinated efforts to provide debt relief to the world's poorest countries, as China has become a major creditor to the developing countries of the world.Source:finance.yahoo.com
Donald Trump brings back greatness
Donald Trump posted that The United States should now be focused on greatness again after The Supreme Court dismantled most of the charges against him.In a landmark decision on Monday, the U.S. Supreme Court ruled that Donald Trump cannot be prosecuted for actions that were within his constitutional powers as president.
This ruling marks the first recognition of any form of presidential immunity from prosecution.
"Big win for our constitution and democracy. Proud to be an American!", he also stated.
US Sanctions Risking systemic collapse
Russia could ask for rubles or gold in exchange for energy. If that occurred Europe would have little choice. The real leverage in the Petrodollar system is on the 'petro' side.It will be interesting to see how this develops. If energy payments begin moving outside of the SWIFT system, then the Petrodollar will be severely damaged.
Regardless, it's going to be disruptive and we're going to see additional problems. Very likely we will see further money printing and more stagflation.
The United States' attempts to simultaneously take on both Russia and China is a bad idea. We're forcing the two of them together while Europe is trying to play both sides. This situation will end with China and Russia gaining status.
Russian citizens have also been buying gold. This crisis will hurt their citizens, but this isn't Russia's first rodeo. The fact that Putin has done this either means he's lost his mind or he has a plan and found a window of opportunity.
We could see serious spillover effects on bonds and real yields.
The United States can't afford higher rates, and they can't remove Russia's oil without destroying their own markets.
We could see big changes should Russia use their gold as leverage. Possible scenarios that could occur should gold be revalued.
Source: youtube.com
Suppressed technologies patents pending release
Most of the listed technology areas are closely related to military applications. But some of them range more widely like Energy conversion systems, being subject to secrecy orders detrimental to the national security.The current list of technology areas that is used to screen patent applications for possible restriction under the Invention Secrecy Act is not publicly available and has been denied under the Freedom of Information Act.
Source:fas.org
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)