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Trump middle-class tax cuts benefit confirmed

Gesara.news » News » Trump middle-class tax cuts benefit confirmed

News Date: December 8, 2021

Despite what media and Dems say, Trump's tax cuts benefited the Middle Class the most according to IRS data.
Most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.
The Tax reform provided the greatest benefits for the middle-income class and spurred economic growth that helped reduce poverty and improve prosperity.
Source: thehill.com

FED will adopt ISO 20022 message format

Federal Reserve Board announces the Reserve Banks will adopt a new message format for the Fedwire Funds Service and invites public comment on proposal to expedite adoption.
The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.
The change will allow for enhanced efficiency of both domestic and cross-border payments, and a richer set of payment data that may help banks and other entities comply with sanctions and anti-money laundering requirements.
Sources: www.federalreserve.gov

Former FED chairman: gold is currency

Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System.
Greenspan once said: I view gold as the primary global currency.
It is the only currency, along with silver, that does not require a counterparty signature.
Gold, however, has always been far more valuable per ounce than silver.
Gold is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it.
Sources: cmi-gold-silver

Eurasian alliance plans its own gold standard

Towards the end of July, news emerged in the Russian media that Moscow and a number of its Eurasian allies are now reviewing a proposal to create an entirely new trading and pricing infrastructure for the international precious metals in order to both destroy London and New York's monopoly over global precious metals pricing and to stabilize the Russian gold market.
The basis of this new structure will be a new, specialized international precious metals brokerage headquartered in Moscow, which will rely on the MWS.
Russia is also proposing to fix prices of precious metals in the national currencies of key member countries or via a new monetary unit - such as the new BRICS currency proposed by Putin.
The price-fixing committee would include central banks and other large banks from the Eurasian Economic Union (EEU).
Member states of the EEU are Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia.
The idea would be to make membership attractive to big gold players like China, India, Venezuela, Peru, and other South American countries.
Sources: kitco.com, bullionstar.com

ISO 20022 implementation for Fedwire Funds Service

The FederalReserve Board of Governors is seeking industry feedback by December 11 on a revised plan to implement ISO 20022 message format for the Fedwire Funds Service.
Recently, the Federal Reserve Banks announced the message specifications for the FedNow Service. While both the Fedwire Funds Service and the FedNow Service plan to use ISO 20022 messages, the implementations of the ISO 20022 standard for these services are separate initiatives.
Sources: www.frbservices.org, gesara.news

Iraq, one more brick to GESARA

The Iraqi Prime Minister has expressed interest in joining BRICS, pending an invitation from the founding members, showcasing Iraq's desire to strengthen its global ties.
Furthermore, Iraq is set to ban cash withdrawals and U.S. dollar transactions from January 1, 2024, signaling a shift in its financial strategy and greater economic autonomy.
These developments underline Iraq's proactive stance in international affairs.
The Iraqi Dinar (IQD) is experiencing a significant surge in the Foreign Exchange (FOREX) market, marking a turning point for Iraq's currency.
Several factors, including economic recovery, global recognition of Iraq's gold & oil reserves, and proactive measures by the government and central bank, have contributed to the IQD's newfound strength.
This surge is not only attracting investors but also enhancing Iraq's role in international trade. Ultimately, the IQD's rise is empowering both Iraq's economy and its citizens by increasing purchasing power and economic opportunities.

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