Vatican entities to move all funds to Vatican ASAP

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News Date: August 28, 2022

Pope Francis instructs Vatican entities to move all funds to the Vatican bank by September 30.
Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.
The subject of the transfer are the institutions connected with the Holy See that are holders of financial assets and liquidity, in whatever form they are held.
Source: catholicnewsagency.com

Donald Trump vows big tax cuts again

February 6, 2025:
Treasury Secretary Scott Bessent calls for Trump's tax cuts package from 2017 to be extended permanently before their expiration this year, rather than a temporary extension.
October 24 update:
Wall Street Journal: Trump Treasury pick Scott Bessent to prioritize tax cuts.
Older news:
Donald Trump promised big tax cuts for all Americans if elected president, while discussing a range of economic strategies during a large rally held in New Jersey on May 11th.
"Instead of a Biden tax hike, I'll give you a Trump middle class, lower class, business class, big tax cut. You're gonna have the biggest tax cut.", he stated.

Trump Touts Tariff Plan to Slash Income Taxes

President Donald Trump announced on April 27, 2025, that his tariff strategy will lead to significant income tax reductions, potentially eliminating taxes entirely for those earning under $200,000 annually. In a post on social media, Trump claimed the plan would create a “BONANZA FOR AMERICA,” with new factories and jobs already in motion, dubbing it the “EXTERNAL REVENUE SERVICE.” He also warned that reciprocal tariffs, paused for negotiations, could resume within weeks if trade deals falter. Meanwhile, World Bank Chief Ajay Banga urged developing nations to negotiate trade agreements with the U.S. to mitigate tariff impacts. Experts suggest China is softening its stance in the trade war, with Beijing exempting some U.S. goods from tariffs, signaling a potential shift in response to Trump’s aggressive strategy.

China will forgive 23 loans for 17 African nations

China has pledged to forgive 23 interest-free loans for 17 African countries and will also provide food assistance to the struggling nations, China's foreign minister Wang Yi said at the Forum on China-Africa Cooperation.
Mr. Wang also announced to increase imports from Africa, support the greater development of Africa's agricultural and manufacturing sectors, and expand cooperation in emerging industries.
Sources: news.com.au

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

April 2: Liberation Day and Coinage Act Celebration

April 2 weaves together two remarkable threads of American history, uniting past innovation with modern commemoration. On April 2, 1792, the United States Congress enacted the Coinage Act, a pivotal law that solidified the nation's early monetary system. Signed under President George Washington, this act established the dollar as the official currency and launched a bimetallic system, linking its value to gold and silver. Overseen by the newly founded United States Mint, it standardized coins by their precious metal content, fostering trust and stability in a young economy. Fast forward to 2025, and President Donald Trump declared April 2 "Liberation Day," a bold celebration of economic renewal through aggressive trade policies - an apt, if coincidental, nod to the day's historic financial roots.
While the Coinage Act of 1792 didn't usher in the full gold standard - later cemented in the 19th century - it laid critical groundwork with its practical yet forward-thinking design. It equipped the fledgling republic with a unified currency vital for commerce and growth, signaling a break from colonial reliance.
Today, April 2, 1792, endures as a cornerstone of American monetary history, its bimetallic foundation shaping the nation's economic trajectory. Trump's "Liberation Day" proclamation in 2025 adds a contemporary flourish, merging the legacy of financial independence with a modern vision of liberation, making April 2 a day of dual resonance.