Qatar boosted gold reserves to record levels
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News Date: August 25, 2022Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July.
The Qatar Central Bank is the latest bank to announce an increase in its holding of precious metals.
Reserve data from the central bank shows it bought 14.8 tonnes of gold last month.
Source: kitco.com
PayPal, Venmo to Roll Out Crypto Buying and Selling
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Source:coindesk.com
Queen may never return to royal duties
The Queen may never return to regular frontline royal duties if Covid-19 restrictions render public engagements unsafe for years.The monarch, 94, is in lockdown at Windsor Castle to stop her from catching the killer virus.
Source:the-sun.com
JFKs Executive Order 11110 to Abolish the FED
Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.When Kennedy signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency- money without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority: to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated.
Sources:en.wikipedia.org/, https://truth11.com
Malaysia is exploring the adoption of the gold dinar
Malaysia is actively exploring the adoption of the gold dinar as a reserve currency, with Prime Minister Datuk Seri Anwar Ibrahim announcing this initiative in the Dewan Rakyat, the lower house of parliament.An upcoming meeting on Islamic economics and finance in December will serve as a key platform for discussing and evaluating the feasibility and benefits of introducing a gold-backed currency.
This endeavor reflects Malaysia's commitment to sound economic management and its respect for Islamic financial traditions, with potential implications for both domestic and international financial systems.
Russia to test payments in digital currencies
Russia is ready to start testing payments in digital currencies with China or countries of the Eurasian Economic Union and will promote the idea with its partners,Russian Finance Minister Anton Siluanov told state media in remarks published on Monday.
Siluanov: "We discussed this topic at the end of last year at the inter-ministerial dialogue."
He restated that any foreign acts involving Russian assets would be met with an equal response from Moscow.