What is the Gold Standard

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News Date: July 7, 2020

Gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency.
In an international gold-standard system, gold or a currency that is convertible into gold at a fixed price is used as a medium of international payments. Under such a system, exchange rates between countries are fixed; if exchange rates rise above or fall below the fixed mint rate by more than the cost of shipping gold from one country to another, large gold inflows or outflows occur until the rates return to the official level.
President Franklin Roosevelt suspended the gold standard in 1933, a move which is widely credited with helping the country climb out of the Depression.
Sources: youtube.com, www.cbsnews.com

Shiny Sovereignty: Florida Moves Toward Gold and Silver Payments

🏆 Governor Ron DeSantis has signed HB 999, a bill setting the stage for gold and silver to become legal tender in the state.
⌛ Set to take effect by July 1, 2026, the law would allow both government and private entities to voluntarily accept precious metals for debt payments. It also removes certain sales taxes for qualifying gold and silver.
🏦 DeSantis says the move is about financial freedom and pushing back against "government overreach." Coins must meet strict purity standards—99.5% for gold and 99.9% for silver—and be stamped with weight and purity.
🥇🥈 With gold hitting record highs amid economic uncertainty, Florida joins states like Utah in giving precious metals a seat at the financial table.
⚖ Freedom, sovereignty, and shiny currency—Florida is placing its bets on real value.

Russia to continue Mir bankcard expansion

Mir is a payment and money transfer system operated by the Russian National Payment Card System.
The Russian Mir payments system is expanding to other countries in 2022.
Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards.
Source: reuters.com

Donald Trump Pushes the Brake on Car Loan Taxes

Donald Trump, speaking at the Detroit Economic Club, unveiled a proposal to make interest on car loans fully tax-deductible if re-elected.
He emphasized that this plan would boost domestic auto production and lower the cost of car ownership for millions of American families.
Trump also vowed to prevent Chinese automakers from selling vehicles in the U.S., aiming to protect American jobs and industries.
Donald Trump: "We will make interest on car loans fully deductible"

Trump vows 'transition to greatness' in meeting with GOP lawmakers

"We're going into transition," Trump said at the beginning of the meeting. "I call it transition to greatness. It's going to be a transition to greatness, because we're going to do something very fast and we're going to have a phenomenal year next year."
Source:youtube.com

Cosmic gravitational energy antigravity flying saucer patent

1, Cosmic gravitational energy antigravity flies butterfly.
2, Cosmic gravitational energy generating system apparatus.
3, antigravity system and device.
4, the two dish of outer image cover the dish-shaped housing that forms mutually.
Source:patents.google.com