Space Force Supra Coders

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News Date: October 20, 2021

The first 15 Supra Coders are already empowering the Space Force to be a lean and agile service by making improvements to processes, and developing new software for Guardians across the Space Force.
Supra Coders fix space software problems on the fly.
A new Supra Coder program within Space Operations Command deltas, Space Force's tactical-level units, provides software coding training for space operator Guardians so they can fix software issues quickly without having to wait for contractors or software experts.
Sources: www.spoc.spaceforce.mil

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

Russia Proposes New Standard for precious metals market

Russia Proposes New Standard To break the London Bullion Market Association (LBMA) monopoly on gold.
It is proposed to 'place a specialized international precious metals exchange headquartered in Moscow' using the 'new international standard MWS' as the 'basis of the structure.'
It is also proposed to establish a Price Fixing Committee.
Subject to the application of the MWS standard, it will include the central banks and the largest banks of the Eurasian Economic Union countries represented in the precious metals market.
According to the Russian department, it is necessary to 'bet on fixing prices in the national currencies of the key member countries, or on new units of international settlements, such as the new unit of settlements proposed by the president of Russia within the member countries of the BRICS organization.'
Sources: gata.org

World Gold Council launches digital gold initiative

The World Gold Council, together with Linklaters and Hilltop Walk, has unveiled a new framework to reshape the gold market: Pooled Gold Interests. 🪙
🔑 What it means:
Investors can now own fractional shares of physical gold stored in vaults.
Transfers become easier, faster, and more secure.
Gold can be used as collateral in financial markets.
📌 Currently, gold is traded as:
Allocated gold → direct ownership of bars (safe but complex).
Unallocated gold → liquid and cheaper (but with counterparty risk).
This initiative bridges both worlds — blending security with flexibility.

China is closer to the gold standard

Update from November 1st:
China Securities Index Co launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal.
The new indexes include shares of global gold miners such as Newmont Corporation and Barrick Gold.
In response to Western responses to military conflicts, Chinese government-affiliated researchers are considering several strategies for China.
One is the issuance of gold-denominated bonds, supported by gold reserves, which would bolster economic resilience and establish China as a stable global player.
Another approach involves creating a global network of Chinese companies to diversify trade relationships and reduce vulnerability to sanctions.
Additionally, seizing American assets within China is seen as a retaliatory measure to protect Chinese interests and discourage unilateral actions by the U.S.
These strategies reported through Reuters collectively aim to ensure China's economic stability and global influence in an evolving geopolitical landscape.

Investors should prepare for more wealth destruction

Senior brokers are warning their clients to pull money out of the stock market.
Investors seem to be nervous. And perhaps rightfully so.
A 48-year market vet warns that investors should prepare for more wealth destruction than we have ever seen as the Fed gets set to tighten policy.
David Hunter reiterated his call for a steep decline in stocks ahead.
He said he expects the S&P 500 to drop as much as 80% from its peak.
Hunter said Fed tapering would trigger the crash. Investors seem to be nervous. And perhaps rightfully so.
Stocks are up 90% from the lows in the last year-and-a-half, an extraordinary bull run.
Many measures of valuation show historic over-extension.
The Federal Reserve is getting set to taper asset purchases.
Treasury bond yields are expected to rise.
Personal finance expert Robert Kiyosaki warned the October crash is coming regardless of whether the US debt ceiling is raised or what measures are imposed by Treasury Secretary Janet Yellen or Federal Reserve chair.
Sources: flipboard.com, www.independent.co.uk