Reducing record debt, priority for Trump » News » Reducing record debt, priority for Trump

News Date: September 10, 2020

White House says reducing record debt will be big second-term priority for Trump.
The accumulated debt is on track to surpass the size of the entire economy next year for the first time since World War II, and breach its all-time record in the coming years.
On the 2016 campaign trail, Trump promised to wipe out the nation's debt altogether over the course of his presidency.

Bank Collapse In China! Preparing For Cut Off From SWIFT

Chinese banks will be sanctioned by the United States and this means that they will be cut from accessing some privileges in the financial world.
If China will be cut out of the SWIFT or denied access to US dollars, bank runs will be the new normal in China and the Chinese economy will suffer permanent damage.

A Financial System by Nonbank Financials, Fintech, and Innovation

Fintech stands for financial technology.
On February 3, 2017, Donald Trump issued a Presidential Executive Order on Core Principles for Regulating the United States Financial System.
The report of U.S. Department of the Treasury was prepared on July 2018, set A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation.
Nonbanks are well integrated into the U.S. payments system and play key roles such as facilitating back-end check processing; enabling card issuance, processing, and network activities; and providing customer-facing digital payments software.
This report includes a limited treatment of blockchain and distributed ledger technologies.
Treasury report:

Fiat destruction. Crypto or gold?

The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.

Quantum Financial System QFS and the BlockChain

Old Fiat Currency is false money supported by the Central Bank, banking system of debt slavery.
QFS has no comparison to anything that has ever been presented to the world before. It is like an antigravity machine compared to a car. There is no real basis to understand this technology.
Now if we discuss about the Quantum Financial System and its interrelation with Blockchain and future banking then we came to know that QFS is dealing in blockchain, shared ledgers and distributed ledger technologies, cryptocurrencies, virtual currencies and digital currencies. QFS is stored and operate on the satellite-based servers based on Quantum Computing. The reason is Quantum Computing is more secure and advance, because of its pattern of processing, the quantum computing uses two or more quantum states together to create another state by firing electrons through semiconductors using configurable pulse of light which results fastest state of speed. That's why Quantum Computers store far more information requiring less energy and deliver more speed than current state computers.
Quantum Financial System is the future of the banks because it provides methods to perform everyday tasks better than a traditional computer. This technology will replace blockchain and cryptography within a period of ten years.,,

H.R.5404, a bill to define the dollar as a fixed weight of gold

H.R. 5404 is a bill introduced by Rep. Alex Mooney (R-WV2) that would bring the U.S. back to the gold standard once and for all. It would take effect exactly 30 months after the bill was passed, to allow an adjustment period in the American economy. Interestingly for a Republican-introduced bill, if the bill was enacted any time after July 2018, that 30-month window would come under the administration of the 2020 election.

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