The two US Constitutions

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News Date: July 14, 2020

There are two Constitutions in the United States. The first penned by the leaders of the newly independent states of the United States in 1776. On July 4, 1776, the people claimed their independence from Britain and Democracy was born. And for 95 years the United States people were free and independent. That freedom ended in 1871 when the original "Constitution for the united states for America" was changed to the "THE CONSTITUTION OF THE UNITED STATES OF AMERICA".
The flag of Washington's District of Columbia has 3 red stars, each symbolizing a city state within the three city empire. The three city empire consists of Washington D.C., London, and Vatican City.
Source: www.nationallibertyalliance.org

Chinese, Russian payment systems consultations

Chinese and Russian central banks to discuss the use of national payment systems.
The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing's envoy to Moscow told the TASS news agency in an interview published on Thursday.
Russian banks may issue cards with China as Visa, and Mastercard cut links.
The use of the Mir and China UnionPay national payment systems in both countries will be decided by the two sides' central banks at consultations.
Sources: reuters.com

The appeal of safe haven assets to increase

Escalating tensions in Israel often lead to investors seeking refuge in safe-haven assets.
This is because they closely monitor Middle East events for potential geopolitical risks that could impact financial markets.
These safe haven assets, like gold and government bonds, are considered low-risk and can provide a buffer against market volatility during uncertain times.
Institutional investors, such as hedge funds and central banks, also tend to diversify into these assets for risk management.
The impact goes beyond asset allocation, affecting market sentiment and volatility as investors react to developments in the region.
This underscores the interconnectedness of geopolitics and financial markets, prompting investors to adjust their strategies accordingly.

Gold is the Real Safe Haven Asset

Gold is finally outperforming the way one would imagine. It's not always about the absolute performance as it is about the relative performance.
As Bitcoin surged from March 2020 through 2021, the market was convinced that Bitcoin was the "new" digital gold, the new store of value asset.
As Bitcoin surged to new highs at each passing day, this became a self-fulfilling prophecy.
Gold was seen as the stepchild, given no attention whatsoever as traders chased the greed and FOMO 100%+ returns in crypto assets.
Year to date, Gold is now up 6% vs. Bitcoin down 25%.
Source: thestreet.com

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.

The end of monarchy

Queen Elizabeth II has been told that the writing is on the wall for the monarchy and that all members of the Royal Family should renounce their titles.
Barbados plans to remove the Queen as head of state without a referendum.
Canada could follow Barbados in ditching the Queen as their head of state and become a republic.
Sources:www.express.co.uk, www.express.co.uk