SWIFT plans new service, Digital EURO on the horizon
Gesara.news » News » SWIFT plans new service, Digital EURO on the horizonNews Date: October 2, 2020
SWIFT announced plans for a new service to help banks improve the experience for small and medium-sized enterprises (SMEs) and consumers who send low-value payments across borders. The service will enable these bank customers to make faster, easier, predictable and competitively priced payments all around the world.
The European Central Bank (ECB) announced that it will start conducting experiments to decide whether to launch a digital euro. In a report setting out the pros and cons of launching a digital euro, the ECB said that it could support the Eurosystems objectives by providing citizens with a safe form of money in the fast-changing digital world.
The Fed balance sheet is one of the drivers to the expanding money supply. The Feds monetary tools are used to keep rates low and cheap credit flowing. If the Fed keeps up the monetary stimulus, it will continue to drive inflation higher.
If the Fed were to ever try and taper, allowing longer-term rates to rise, it will put pressure on many areas of the economy, including the federal deficit.
In either case, Gold and Silver should benefit from high inflation if the Fed keeps printing or a shrinking economy if the Fed tapers.
Sources: schiffgold.com, www.rt.com
And believe it or not, cash is still being used in 49% of payments that are $10 or below, according to a recent study by the Federal Reserve Bank of San Francisco.
The irony of the situation lies in the fact that the Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry.
And there are new bills pending now in five of the eight remaining states, i.e. Tennessee, Mississippi, Kentucky, Hawaii, and New Jersey.
In 2019, the Sound Money Defense League teamed up with sound money advocates in West Virginia to eliminate sales taxes on precious metals.
A similar effort will be considered in Olympia, Washington.
Passage into law would relieve some of the tax burdens on investors, and would also take a step toward treating gold and silver as money instead of as commodities.
Repealing these taxes knocks down one barrier that might keep some investors from considering physical metal for their portfolios.
It provides access to a largely unfiltered sample of actual search requests made to Google. It's anonymized, categorized and aggregated. This allows us to display interest in a particular topic from around the globe or down to city-level geography.
For example entering the keyword "gesara" in the Explore bar, it results an ascending curve:
Queen and Charles ordered to pay back millions to UK taxpayer amid fury over monarchy cost.