Waller confirmed to Fed Board. WH supports Shelton

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News Date: December 4, 2020

By a completely partisan vote of 48 to 47 (though Rand Paul voted against), The Senate confirmed Trump nominee Christopher Waller to the Federal Reserve Board of Governors - filling one of the two vacant slots on the influential economic body.
The White House remains confident that Ms. Shelton will be confirmed and is fully supportive of her candidacy, a White House spokesman said Thursday.
Her beliefs:
- eliminating the Feds independence and federal deposit insurance
- returning the U.S. to a gold standard
Sources: www.forexlive.com, www.zerohedge.com

Ramaswamy supports Trump and commodity-backed currency

Billionaire entrepreneur Vivek Ramaswamy claims BRICS is developing a gold-backed currency to replace the U.S. dollar as the world's primary reserve currency.
"This is a major problem for the United States.
This would permanently increase our borrowing cost if the dollar is no longer the established reserve currency of the world.
So yes, actually, that does matter. The right way to deal with it, though, is not to try to swat that down, but increase the value proposition of the dollar itself by pegging the dollar to hard commodities," he stated in a press conference.
Vivek Ramaswamy dropped out of the presidential race and endorsed Donald Trump. Known for supporting currencies backed by commodities, his alliance with Trump suggests a shared vision for economic stability and challenges to traditional fiat systems.

Donald Trump: No Income Taxes at All

During a Fox News appearance on Monday, Donald Trump took questions at a Bronx barbershop.
When asked about eliminating federal taxation, Trump suggested the U.S. could return to the 19th-century economic model, which had no federal income tax.
Fox aired a quick, confident response from Trump: "There is a way."
However, the full conversation revealed Trump only answered after several minutes of unrelated discussion, with the audience member repeatedly redirecting him to the tax question.
Fox News later confirmed the event was edited for time and clarity.

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

Qatar boosted gold reserves to record levels

Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July.
The Qatar Central Bank is the latest bank to announce an increase in its holding of precious metals.
Reserve data from the central bank shows it bought 14.8 tonnes of gold last month.
Source: kitco.com

Global Humanitarian Overview

The Global Humanitarian Overview (GHO) 2020 published on 4 December 2019 announced funding requirements of $28.8 billion to assist 108.8 million of the 167.6 million people in need in 53 countries.
Source: reliefweb.int