Trump's Fed Nominee Advocates a Gold-Backed Currency, Even a Crypto One

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News Date: May 23, 2020

Judy Shelton, President Trump's nominee for the Federal Reserve board of governors, has advocated for getting back to a gold standard, possibly "in a very cryptocurrency way." In an interview, Judy Shelton told reporters:
"I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve."
Source:cointelegraph.com

Experimental Tesla Tower in Texas confirmed

Viziv Technologies has really built an experimental Tesla Tower in Texas to distribute wireless energy long distances, one hundred years after Nikola Tesla's Wardenclyffe Tower has abandoned.
Also, Elon Musk Moved to Texas: Tesla CEO is a Texan Now.
He has confirmed his residential move to Texas as of December 8th.
The exact region of Texas has not been identified.
Source: youtube.com

Coin shortage hits retailers, laundromats, tooth fairy

The national coin shortage has been an unusual side effect of the pandemic. Among its victims? Retailers, laundromats and even the tooth fairy.
Retailers large and small have urged shoppers to use cards or exact change whenever possible.
As the shortage persists, it's become clear that there are still some conundrums that only coins can solve.
Source:www.foxbusiness.com

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

BRICS Adopts Digital Economy

From January 17 to 19, 2024, the Moscow City Government delegation participated in the Smart Cities India Expo in New Delhi.
Sergey Cheremin, Minister of the Moscow City Government, addressed the exhibition's opening and engaged in various sessions in the business program.
He emphasized the longstanding cooperation between India and Russia and highlighted potential areas for bilateral partnership.
"We are united by the common goal of building the most modern infrastructure, creating a safe and comfortable urban environment. One of the most promising areas of our cooperation is undoubtedly information technology and the digital economy. India and Russia are striving to become leaders in this field, and joining forces can create a synergistic effect," Cheremin stated.
In December of the previous year, China and Russia announced a groundbreaking test for a hack-proof quantum communication link using the Mozi satellite.
The BRICS alliance, having dominated the geopolitical sector in 2023, announced a six-country expansion plan during the Annual Summit.
Now, as attention turns to 2024, both Russia and India, amidst the BRICS initiative, are collaborating on a digital economy and expressing commitment to developing a native BRICS currency, rumored to be blockchain-based.
Also, the BRICS Pay system was launched last year to rival the Western SWIFT payment system and establish BRICS-based alternatives.

SpaceX Developing Military Version Of Starlink Satellites

Elon Musk's SpaceX is expanding its Starlink satellite technology into military applications with a new business line called Starshield.
"While Starlink is designed for consumer and commercial use, Starshield is designed for government use," the company wrote on its website.
SpaceX's ongoing work with the Department of Defense and other partners demonstrates our ability to provide in-space and on-ground capability at scale.
Sources: theepochtimes