The Upside In Gold Is Unlimited
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News Date: July 25,2020
Pierre Lassonde:I think that the downside in gold is limited. The upside on gold at this point is unlimited. It's going to be far, far higher than people imagine.
Source:kingworldnews.com
FED Rigged the Game... And, they got caught
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure distraction.Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Rosengren retires because of health issues. From a week ago: He made as many as 37 separate trades in the four REITS while the Fed purchased almost $700 billion in mortgage backed securities.
Federal Reserve Chairman Jerome Powell has ordered a review of ethics rules for the central bank after an outcry over officials owning individual securities.
Fed Chief Powell, other officials owned securities central bank.
Sources: www.cnbc.com, www.zerohedge.com
Putin urges for an international independent Digital Payment System
Vladimir Putin Urges for Creation of a Digital Payment System for International Settlements.President of Russia Vladimir Putin has called for the establishment of a new system for international settlements, independent from banks and third-party interference.
It can be created using digital currency technologies and distributed ledgers, the Russian leader said, quoted by local media.
Sources: news.bitcoin
Fintech and XRP Support in US GOV Register New Rule
The Remittance Transfers Under the Electronic Fund Transfer Act final rule is effective July 21, 2020.The continued growth of "fintech" nonbank remittance transfer providers and their further expansion into partnerships and other relationships with banks and credit unions, which allow such entities to tap into the closed network payment systems that nonbank remittance transfer providers have developed and (3) the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers.
The Bureau also believes that expanded adoption of SWIFT's gpi product or Ripple's suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.
Source: www.federalregister.gov
Trump vows to End Taxes on Overtime
Donald Trump announced the extension of his tax cuts program during a rally in Tucson, Arizona, following his recent pledge to end taxes on tips."As part of our additional tax cuts, we will end all taxes on overtime";
"The people who work overtime are among the hardest working citizens in our country";
"When you pass 40 hours a week, your overtime hours will be tax-free", Trump said.
Ripple Swell event 2021
Ripple Swell is the annual conference held by the American technology company Ripple.It is a private event for Ripple customers, prospects, and partners only.
Ripple Swell event 2021 is coming on November 9-10, virtual-only.
Leading industry discussions, networking, and interactive surprises.
Maybe Ripple is planning to announce something big.
Sources: swell.ripple.com