Russia to use digital ruble in settlements with China

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News Date: September 26, 2022

Russia plans to use digital rouble in settlements with China, says lawmaker.
After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington's global financial hegemony, a senior Russian lawmaker said on Monday.
Sources: reuters

The long awaited Gold Standard is here

Zimbabwe will start issuing digital currency next month that is backed by gold.
On May 8, the public will be able to purchase a digital currency backed by gold from Zimbabwe's central bank.
Additionally, RBZ introduced smaller gold coins in weights of tenths of an ounce, quarters of an ounce, and half of an ounce.
The smallest coin weighs just over 3.11 grams and costs US$188.48 or its equivalent in local currency at the interbank rate.

Zimbabwe interested in SWIFT alternatives

The Zimbabwean government would like to become a member of the BRICS economic bloc, the speaker of the ruling party ZANU-PF said on Wednesday.
"We made it clear that we would like to become a member of the BRICS," Christopher Mutsvangwa told Russia's RIA Novosti news agency.
The official added that his country is interested in developing alternatives to the Western-dominated SWIFT payment network.
In his view, BRICS could contribute to that.

Trump Promotes New DeFi Platform

September 16 update:
The World Liberty Financial team announces that, despite the unsettling events of yesterday, Donald Trump will proceed as scheduled (8 PM EST) to unveil the Make Finance Great Again plan on his channels.
Older news:
Donald Trump recently promoted a new crypto platform called 'The Defiant Ones', developed by the Trump Organization, on social media.
Addressing his followers, Trump criticized big banks and financial elites, urging Americans to 'take a stand together.'
This marks the first time Trump has publicly endorsed the upcoming digital bank, which has yet to be activated.
Donald Trump on social media:
"For too long, the average American has been squeezed by the big banks and financial elites.
It's time we take a stand-together. #BeDefiant t.me/defiant1s"

Elon Musk: ending the FED is necessary

November 1 update:
A new exchange of lines between Elon Musk and Ron Paul regarding cutting spending:
Elon Musk: Would be great to have Ron Paul as part of the Department of Government Efficiency!
Ron Paul: I'd be happy to talk with you about it, Elon.
October 30, 2024:
Elon Musk has publicly supported former Congressman Ron Paul's call to abolish the Federal Reserve.
In a recent post on X, Paul criticized large-budget government spending, singling out the military-industrial and pharmaceutical complexes as "big welfare recipients."
He suggested a $2 trillion budget cut, finishing with the bold proposal to "End the Fed."
Musk replied simply: "Needs to be done."
Musk's endorsement has sparked renewed debate over central banking, with many speculating if this might signal his support for decentralized financial models like cryptocurrency.

Trump plans to make permanent cut to payroll tax if reelected

Saturday, in Bedminster, N.J., Trump announced, If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax.
Trump says that if reelected, he'll pursue permanent cut to payroll taxes that fund Social Security, Medicare.
Sources:https://www.washingtonpost.com/, twitter.com, www.youtube.com