I think that all that concerns the financial security of people and companies are really useful solutions that will help to stay as safe as possible. And many states have to do it in order to make many financial transactions, etc. more competent, etc. I think that this can only bother people who break laws or do something like that. For everyone else, and there are many more of them, that's good news. I just wish that you didn't have to spend a lot of time and effort to get such guarantees, I wish it was just available for everyone. And that's it. Then we can build a business and work the way we want and the way we want to be able to generate revenue.
"The bill – whose proponent is careful to differentiate from a fraudulent version using the same acronym – would do away with the Federal Reserve and establish a new monetary system under a U.S. Treasury Reserve System, controlled by Congress, which would feature "constitutional currency" – standard silver and gold coins and treasury credit notes."
'Barnard says economic problems have nothing to do with what kind of governmental system is in place. ...
"The basic problem is the equations that drive the system," Barnard told WND. "It has nothing to do with the Democrats or the Republicans. It has nothing to do with the kind of government – it doesn't matter if it's communist, socialist, parliamentary, dictatorship. The same equations drive the system, and the system basically is not stable."'...
He says he finished writing the bill in 1990, sent it to Congress and received no response. Finally, he decided to put in on the Internet and says it has been translated into at least five languages.' ...
"Nobody in Congress wants to touch this," he said. "They are scared to death." ...
Barnard says that even though he can't get a member of Congress to embrace his idea, his Internet statistics show people from Congress, the IRS and the Social Security Administration have visited his website.
"They know about it," he said, "but it just scares them. It's too big a change."
Imagine Legislation That Terminates or drastically reduces mortgage debt Promotes universal home ownership Provides a secure future for all Increases benefits to senior citizens Replaces the income tax with a fair tax Reduces urban sprawl by restoring inner cities as vital economic areas Restores high-paying productive jobs Restores financial privacy Eliminates inflation Provides $500 billion of new public works projects Eliminates bank failures Eliminates trillions of dollars of public and private debt Returns control of the currency to the public Benefits Americans with an unprecedented economic boom Improves the balance of trade Provide new banking rules that are equitable and fair to all Enables single parents to support their families Doubles the average standard of living
Why it matters
As the use of physical cash declines, so does the freedom to transact without an intermediary. Meanwhile, digital currency technology could be used to splinter the global financial system.
Key players
People’s Bank of China, Facebook
Availability
This year
Last June Facebook unveiled a “global digital currency” called Libra. The idea triggered a backlash and Libra may never launch, at least not in the way it was originally envisioned. But it’s still made a difference: just days after Facebook’s announcement, an official from the People’s Bank of China implied that it would speed the development of its own digital currency in response. Now China is poised to become the first major economy to issue a digital version of its money, which it intends as a replacement for physical cash. China’s leaders apparently see Libra, meant to be backed by a reserve that will be mostly US dollars, as a threat: it could reinforce America’s disproportionate power over the global financial system, which stems from the dollar’s role as the world’s de facto reserve currency. Some suspect China intends to promote its digital renminbi internationally.
Now Facebook’s Libra pitch has become geopolitical. In October, CEO Mark Zuckerberg promised Congress that Libra “will extend America’s financial leadership as well as our democratic values and oversight around the world.” The digital money wars have begun. https://www.technologyreview.com/10-...nologies/2020/
Now is the time for all countries, without exception, to take serious decisions to restore economic balance and deal with crisis situations as soon as possible. They all make decisions based on their capabilities and on decisions that have previously yielded positive results. There is now a real invisible struggle for leadership, where each country can show the world its true potential.
I think that for us, for existing traders, this situation can become a prospect for making big money.
All we need to do now is to analyze as accurately as possible, because we can get a lot.
We just need to remain attentive, professional traders.
