Supreme Court justice to serve the American people

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News Date: September 27, 2020

Amy Coney Barrett said Saturday that, if confirmed as a United States Supreme Court justice, she would assume the role to serve the American people.
Judge Amy Coney Barrett: "I love the United States, and I love the United States Constitution."
Sources:twitter.com/WhiteHouse, www.whitehouse.gov

Zimbabwe launched the gold-backed currency

Zimbabwe has decided to replace its struggling local currency with a new one backed by gold and foreign currencies in an effort to stabilize its economy and combat inflation.
The country reintroduced its own currency in 2019 after a period of dollarization, but it failed to gain public trust, with over 80% of transactions now conducted in foreign currency.
The new currency, named Zimbabwe Gold (ZiG), will circulate alongside other foreign currencies.
The exchange rate for ZiG will be determined by the closing interbank exchange rate on April 5 and the London PM Fix price of gold on April 4.
The Reserve Bank of Zimbabwe described the new currency as "structured," backed by a combination of foreign currency and precious metals, primarily gold, held as reserves by the central bank.
"If we implement these measures, we expect them to have an impact on inflation," central bank governor John Mushayavanhu told reporters.

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

Donald Trump nationalized the Federal Reserve?

Fed and Treasury to Merge?
The federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
Source:finance.yahoo.com

More BRICS and Bretton Woods 3

Expanding BRICS to create an alternative power bloc is enticing for many countries.
Talk of the BRICS nations creating a new reserve currency introduced the idea of 'Bretton Woods 3.0'.
The Bretton Woods Agreement was negotiated in July 1944 by delegates from 44 countries at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire.
Thus, the name 'Bretton Woods Agreement'.
Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar's value.
The Bretton Woods System effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.
Sources: investopedia

Trump says China, Russia and North Korea will not be enemies

Donald Trump stated that Russia, China, and North Korea would not be considered enemies of the United States if it had a smart president.
He claimed that these countries were not adversaries during his presidency because he knew how to manage relationships with them.
Trump also argued that America's internal issues are more severe than external threats like Russia, China, and North Korea.