US Mint increases prices on silver products

Gesara.news » News » US Mint increases prices on silver products

Share via:

News Date: October 13, 2020

The United States Mint recently adopted a new strategy for pricing products in its silver numismatic products portfolio. Prices for products containing silver will change EFFECTIVE October 13, 2020-applicable to silver products already on sale/those yet to be released.
In order for the United States Mint to cover rising costs, meet its fiduciary responsibility to operate at no net cost to taxpayers, and return money to the Treasury General Fund, re-setting silver prices is necessary.
The Mints goal, as a financially responsible Federal agency, is to always provide the best quality numismatic products while maintaining fair prices.
The first objective is to ensure that the numismatic portfolio (all product lines together) be self-sufficient and cover all associated costs. The new silver prices reflect a sound business decision aimed at meeting these obligations.
(No tax dollars are used to fund numismatic operations.) The United States Mint will continue to look for operations optimization and cost reduction efforts to deliver superior quality numismatic products at a fair price.
Sources:www.federalregister.gov, twitter.com, www.coinworld.com

US Patent for Quantum computing in business problems

Accenture Awarded US Patent for Combining Classical and Quantum Computing with Potential to Address Previously Unsolvable Business Problems.
Quantum computing has the potential to solve complex business problems millions of times faster than classical computing by leveraging the properties of quantum physics to process multiple computing tasks in parallel.
Accenture new patent - U.S. Patent No. 10,095,981 - reveals how businesses could take advantage of the best aspects of both classical and quantum computing techniques to enable breakthrough solutions to problems that could not be solved before.
Sources: www.businesswire.com

Historic Investments in Economic Growth

Following enactment of the American Rescue Plan in March of 2021, the Treasury Department oversaw an historic and unprecedented provision of federal assistance to struggling Americans, including delivering more than 150 million Economic Impact Payments within the first few weeks following the American Rescue Plan's passage; helping launch a national infrastructure to provide emergency rental assistance and prevent evictions across the country; issuing the first ever monthly payments of the Child Tax Credit which supported tens of millions of families; and rapidly distributing unprecedented Fiscal Recovery Fund resources directly to communities to help local leaders avoid cuts, address local needs, and support rapid, resilient, and equitable recovery.
Source: treasury.gov

Quantum vacuum free energy extraction patent

Free energy is everywhere, and all around you, just waiting to be extracted from the quantum vacuum.
Keeping free energy from the people at large has been the greatest crime against humanity ever committed. It is the theft of our personal freedom and potential, as well as our collective future, of perpetual peace and prosperity! There are only two things that can save (free) humanity at this point in history. The first, being God; the other, is free energy.
Quantum vacuum energy extraction and more Free Energy Patents Are Finally Being Issued.
Source:patents.google.com

Trump Allies Target Fed's Independence: WSJ

Some members of Trump's team are devising plans to restructure the Federal Reserve, which could grant the president direct influence over interest rate decisions and potentially remove the current Fed Chair, Jerome Powell, from office before his term ends in 2026.
This move is part of a broader strategy by Trump's allies to diminish the Federal Reserve's independence if he secures a second term, amidst internal disagreements among his advisers on how forcefully to challenge the central bank's authority.
> WSJ report<
This effort follows the federal government's actions in 2020, during Trump's tenure, where large portions of the financial markets were nationalized, with the Federal Reserve providing the necessary funds.
Notably, BlackRock was entrusted with executing the trades, effectively merging the Federal Reserve and Treasury into a singular entity.

Gold revaluation to write off the debt

The more debt is being accumulated on the balance sheets of European central banks, the more likely they will revalue gold to write off this debt.
One possible solution is that central banks use unrealized gains of the gold on their balance sheet to write off sovereign bonds, providing debt relief to their governments.
Revaluing gold to write off bad debt would require central banks to set a floor price for gold.
If a central bank uses its revaluation account fully, the gold price ideally doesn't fall back or this central bank will incur unrealized losses.
As such, the central bank would need to stabilize the gold price, which is a form of a gold standard.
Source: substack.com