Cryptocurrencies backed by gold and shares

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News Date: June 12, 2020

Unlike most other cryptocurrencies, YEM is backed by gold and also by 100 000 shares of SafeZone, Inc
Official website: yemfoundation.org/faq
Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the gold price, there is less price volatility compared to Bitcoin or other altcoins.
A guide to gold-backed cryptocurrency:
goldscape.net
Also, Beijing announces a digital currency backed by gold:
consortiumnews.com

Trump to Unveil Government Overhaul to Congress

March 4, 2025:
President Trump declared 'America is back,' touting executive orders, federal cuts via Elon Musk's DOGE, and policies like tariffs and tax cuts.
Trump: 'We're seeking permanent income tax cuts all across the board.'
He briefly addressed Ukraine, claiming higher U.S. spending than Europe, citing Zelenskyy's peace talk offer, and noting Russia's signals for peace, while omitting his recent aid pause to Kyiv.
March 3, 2025:
President Donald Trump will address Congress Tuesday at 9:00 pm EST, unveiling his vision to radically reshape the federal government and U.S. foreign policy.
Trump promised on Truth Social, "TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!"
Details are scarce, but a major overhaul is expected. Stay tuned.

Trump Unveils Economic Strategy on FOX Business

In an interview with FOX Business, former President Trump outlined his plans to rejuvenate the U.S. economy:
Taxes: Trump highlighted his past tax cuts, claiming they led to increased revenue and economic growth. He reiterated support for tax-free tipped wages and suggested that further tax cuts could stimulate the economy and aid in debt reduction.
Tariffs: Trump proposed a reciprocal tariff policy, where the U.S. would impose equivalent tariffs on countries that impose tariffs on American goods. He argued that this strategy would protect U.S. interests and address trade deficits with countries that he claims mistreat the U.S., including both adversaries and allies.
Electric Vehicles (EVs): Trump criticized the push for all-electric cars, pointing out dependency on China for EV production and advocating for a mixed approach that includes hybrids and gasoline-powered vehicles. He argued that while electric cars have their place, they are currently too expensive and impractical for widespread use.
Cryptocurrency: Trump sees a significant potential for cryptocurrency in the U.S. economy, criticizing the Biden administration's approach to regulation. He believes that embracing crypto could position the U.S. as a global leader in this emerging market.
Overall, Trump's economic plan focuses on reducing government waste, implementing strategic tax and tariff policies, diversifying the automotive industry, and embracing technological innovations like cryptocurrency to boost national economic growth and security.

Supreme Court justice to serve the American people

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

ISO20022, QFS, Crypto brand new tutorial

ISO20022? is a worldwide industry standard that has been bought in to regulate the interchange of electronic data between financial institutions.
It improves the compatibility across technology platforms and this isn't just with the high street bank or your country's bank, this includes digital/cryptocurrencies as well.
ISO networks: XRP/Flare Network, XDC/XinFin Network, XLM Stellar Network.
QFS is not cryptocurrency - it is 'asset-backed' digital currency.
Full tutorial: drive.google.com

Gold standard strategy and the collapse of dollar

The dollar is no longer pegged to gold, but it is still the world's reserve currency. Over 60% of the foreign bank reserves are currently held in US Dollars.
There have been efforts by numerous countries (led by China and Russia) to dethrone the US Dollar as the world's reserve currency. China has been reducing its exposure to the Dollar for a long time, and both China, as well as Russia, have been stocking up on gold in recent times.
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured.
Sources: www.fxstreet.com, uk.news.yahoo.com, seekingalpha.com