Quantum computing finance shining in the Wall Street

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News Date: December 19, 2020

The quantum computing is the latest shiny new thing of Wall Street. A fundamentally new kind of computing will shake up finance - the question is when...
Simple algorithms could be in use within 18 months, with credit-scoring a plausible early application.
For many problems, a quantum computer with thousands of stable qubits is provably far faster than any non-quantum machine that could ever be built.
Sources: www.multiversecomputing.com, www.economist.com

He got caught OBAMAGATE

Trump claims Obama committed 'biggest political crime in American history'
He spent Mother's Day diving into the rightwing fever swamps and unleashing a barrage of tweets and retweets assailing his predecessor. One said simply "OBAMAGATE!" (the suffix "gate" is a frequently used play on the Watergate scandal that toppled President Richard Nixon).
Source:theguardian.com

FedNow alongside private sector Service

Fed announces details of the FedNow interbank service.
The FedNow Service will be available to banks in the United States and will enable individuals and businesses to send instant payments any time of day, any day of the year through their bank accounts.
The target launch date for the service remains 2023 or 2024, with a more specific time frame to be announced after additional work is completed.
The FedNow Service, alongside similar services provided by the private sector, will modernize the U.S. payment system and bring the benefits of instant payments broadly to communities across the country.
Sources:www.federalreserve.gov

Syria in secret negotiations with Israel for peace deal

Syria is widely believed to be in secret talks with Israel for peace deal.
A widespread belief has emerged recently in diplomatic corridors about the presence of secret negotiations between Israel and Syria, the London-based Asharq Al-Awsat newspaper reported Sunday.
Sources:www.israelnationalnews.com, worldisraelnews.com

Donald Trump against the Great Reset

Trump calling climate activists perennial prophets of doom at the World Economic Forum in Davos.
These alarmists always demand the same thing, absolute power to dominate and control every aspect of our lives.
We will never let radical socialists to destroy our economy and wreck our country.
The folks at Davos want a new world order, and the only thing standing in their way at the moment is US. And if they get their New Normal, nothing will be the same ever again. unless, perhaps, if Donald Trump wins in November.
Sources: www.youtube.com

Judy Shelton Restoring Order to the Global Currency System

President Donald J. Trump Announced Intent to Nominate Individuals to Key Administration Posts,
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Source:www.whitehouse.gov
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
Source:twitter.com