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White House announces $1B for AI, quantum mechanics

Gesara.news » News » White House announces $1B for AI, quantum mechanics

News Date: August 26, 2020

Today, the White House, the National Science Foundation (NSF), and the Department of Energy (DOE) announced more than $1 billion in awards for the establishment of 12 new AI and QIS research and development (R&D) institutes nationwide.
Source:www.whitehouse.gov

NESARA purposes in Donald Trump Inauguration Speech

Many NESARA Directions announced during Trump's Inauguration Speech, on January 20, 2017.
He referenced the power back to the People, Wealth, Technologies, Prosperity, Security and World Peace.
The day when The people became the rulers of their great nation again. The Big Dream started!
Source: youtube.com

Basel III endgame strikes the Federal Reserve

U.S. Federal Reserve officials, led by Fed Vice Chair Michael Barr, are exploring changes to the 'Basel III endgame' overhaul for bank capital regulations.
This includes reconsidering operational risk calculations and potential offsets for mortgage servicing.
It marks a significant shift as the Fed acknowledges concerns from the banking industry about the policy's impact on lending.
Here is Michael Barr's statement:
'We want to make sure that the rule supports a vibrant economy that supports low - and moderate-income communities, that gets the calibration right upon things like mortgages.
So the public comment that we're getting on this is really critical for us getting it right. We take it very, very seriously.
That program was really designed in that emergency situation. It was designed for that emergency to say, we want to make sure that banks and creditors of banks and depositors banks understand that banks have the liquidity they need.'

BRICS Developing Independent Financial System, Russian Envoy

BRICS countries are developing an independent financial system free from third-party dominance, according to Russian Ambassador to China, Igor Morgulov.
Speaking at the 12th World Peace Forum in Beijing, Morgulov noted the increasing volume of Russia's transactions in national currencies with other BRICS nations.
He highlighted that Russia-China trade has reached $240 billion, with 92% of settlements in rubles and yuans.
Morgulov emphasized that BRICS is moving away from dollar dominance, developing mechanisms for an independent financial system.
Although a new single currency is not imminent, the group, which now includes Brazil, Russia, India, China, South Africa, Ethiopia, Iran, and Egypt, is progressing toward this goal.
"We are leaving the dollar-dominated space and developing the mechanism and tools for a truly independent financial system," he stated by RIA Novosti.

Russia calls on BRICS for economic integration

Russia calls on BRICS countries for tighter economic integration:
the use of BRICS currencies for export-import,
the integration of payment systems and cards,
their own financial messaging system,
and the creation of an independent BRICS rating agency,
according to Russian Finance Minister Anton Siluanov.
Source: www.reuters.com

Fed testing FooWire blockchain with Hyperledger

Federal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
Source:www.federalreserve.gov

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