Florida Considering Legislation to Recognize Gold and Silver as Currency
Florida’s exploration of gold and silver as currency aligns with a return to sound money principles.
Federal Reserve
Federal Reserve Announces First Rate Cut in Over 4 Years
Today, the Federal Reserve announced their decision to cut interest rates by 50 basis points (0.5%), marking the first rate since the early days of the COVID-19 pandemic.
Gold Price Reaches New All Time High
Gold has surged to a new all-time high of over $2,555 per ounce, driven by economic uncertainties, expectations of a Federal Reserve rate cut, and increasing demand as a safe-haven asset. ING projects gold to average $2,700 by 2025, supported by geopolitical tensions, lower interest rates, and rising central bank purchases.
Federal Reserve Expected to Lower Rates At September Meeting
The Fed’s rate-hiking campaign has been the most aggressive since the 1980s, and it sparked some turmoil in the banking sector, the stock market, and the global economy during this period.
Fed Report Admits that Gold is Displacing the Dollar in Central Bank Reserves
Earlier this week the Federal Reserve released a report that showed at least 37.5% of foreign central banks are moving away from the dollar as their main reserve currency in favor of gold.
House of Representatives Passes Bill to Block CBDC
The House of Representatives voted to pass the CBDC Anti-Surveillance State Act by a margin of 216 to 192, with 213 Republicans voting in favor. Three Democrats voted for the bill, while 192 Democrats opposed it.
Congressman Introduces Legislation to Abolish the Federal Reserve
Representative Thomas Massie of West Virginia announced the introduction of a new bill, Federal Reserve Board Abolition Act (H.R. 8421)
What was Roosevelt’s Executive Order 6102?
Just one day after taking office, by referencing an old World War I statute called the “Trading With The Enemy Act” of 1917, Roosevelt essential declared war on ordinary American citizens when he declared a four day bank holiday and closed all banks including the Federal Reserve.
A few days later, the Emergency Banking Act was signed into law which gave Roosevelt an unprecedented amount of power and control over the economy.
Visualizing the Commercial Real Estate Crisis
In his testimony before the Senate Banking Committee, Federal Reserve Chairman Jerome Powell told Senators that there will be bank failures resulting from the commercial real estate crisis.
New Catalyst $10 bill expected in 2026
It’s been more than ten years since then US Treasury Secretary Jacob Lew announced a new project to redesign the nations currency, beginning with the $10 note.
At the time of the announcement, the designs for the new $10 bill were expected to be unveiled in 2020 to correlate with the 100th anniversary of 19th Amendment, which granted women the right to vote.