Tag: Department of Treasury

US Treasury recommends exploring creation of a digital dollar

Tina Marie (Ms. Cat)1 Comment

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system.

US Treasury recommends exploring creation of a digital dollar

H/T: PFYT2

Related:

A digital dollar would allow Americans to directly open up an account at the Fed

And while some have suggested that the Fed could potentially launch a digital dollar on a public network like Ethereum, Luther suspects that it would instead choose to launch on its own dedicated blockchain.

“A public blockchain would limit the government’s ability to control access and monitor transactions. I am not convinced it will give up control and oversight, even if doing so would be in the best interest of society.”

Fed’s Powell: a U.S. digital dollar could help maintain international primacy

The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.

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Ten countries have already launched central bank digital currencies and another 105 countries are exploring the option, according to the Atlantic Council, leading to fears the dollar could lose some of its dominance to China.

Washington Imposes More Sanctions on Iran Over Alleged ‘Malicious’ Cyber Activities

Tina Marie (Ms. Cat)

As talks to revive the Joint Comprehensive Plan of Action (JCPOA) seem to have all but failed, the Joe Biden administration continues to pile sanctions on Iran. The Treasury Department said the new penalties targeted a “group of Iran-based malicious cyber actors” allegedly linked to Tehran’s elite military unit, the Revolutionary Guard Corps (IRGC), Al Jazeera reported on Wednesday.

Washington Imposes More Sanctions on Iran Over Alleged ‘Malicious’ Cyber Activities

“Most transparent administration in history” stops publishing military expenditures, arms transfers report

Tina Marie (Ms. Cat)1 Comment

“Most transparent administration in history” stops publishing military expenditures, arms transfers report

They make no mention of Hunter Biden’s Burisma dealings but emphasize his business deals with a defunct Chinese business. 🙄

Related:

Euromaidan 2014 – Orange Revolution – War in Donbass

The Truth About Ukrainegate

Rand Paul blasts DC priorities: No one hit by severe Kentucky floods asked me to send more foreign aid

Tina Marie (Ms. Cat)

Sen. Rand Paul, R-Ky., called out the “enormous disconnect” between Congress’ priorities and those of their constituents, as billions of taxpayer dollars have gone to foreign aid while people in his own state have little to no help with deadly flood recovery.

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For his part, Paul is locked in a midterm election battle with progressive former state Rep. Charles Booker, D-Louisville.

Rand Paul blasts DC priorities: No one hit by severe Kentucky floods asked me to send more foreign aid

Related:

Rand Paul is Being Dragged For Requesting Federal Aid For His Tornado-Ravaged State After Routinely Voting Against Past Disaster Relief Bills

In 2013, after Hurricane Sandy devastated parts of the Northeast, including New York, Paul voted against a bill providing recovery funds. In 2017, he voted against relief sent to Puerto Rico after it was pounded by Hurricane Maria, as well as assistance for Texas after it was hit by Hurricane Harvey. In 2019, he voted against a sweeping bill that earmarked $17.2 billion in disaster relief funding to several federal agencies.

Who are the 11 senators who voted against the burn pits bill for veterans?

Political commentators were less surprised to see Mr Paul oppose the bill, as the libertarian frequently opposes federal spending — unless it directly benefits him.

During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful (and nothing will change with Biden)

Tina Marie (Ms. Cat)1 Comment

Last Thursday evening, Justice Department Attorney General, Merrick Garland, held a brief press conference to announce that he had asked a federal court to unseal the search warrant and inventory receipts filed in connection with the FBI’s search of Donald Trump’s Palm Beach oceanfront home and beach resort, Mar-a- Lago. As part of his statement to the press, Garland said this:

“Faithful adherence to the rule of law is the bedrock principle of the Justice Department and of our democracy. Upholding the rule of law means applying the rule of law evenly, without fear or favor.”

During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful

Related:

Vowing Not to ‘Demonize’ the Rich, Biden Tells Billionaires ‘Nothing Would Fundamentally Change’ If He Was Elected

“No one’s standard of living will change,” said Biden. “Nothing would fundamentally change.”

US Judge Upholds ConocoPhillips $8.5B Award, Venezuela Rejects ‘Unlawful’ Ruling

Tina Marie (Ms. Cat)1 Comment

Caracas, August 24, 2022 (venezuelanalysis.com) – A Washington D.C. federal judge has granted US oil corporation ConocoPhillips final approval to enforce a multi-billion arbitration award against Venezuela.

US Judge Upholds ConocoPhillips $8.5B Award, Venezuela Rejects ‘Unlawful’ Ruling

Related (original behind a paywall):

ConocoPhillips Gets $8.5B Venezuela Award OK’d In DC

Historic ‘Border Agreement’ Meeting Held to Discuss Renewal of Venezuela–Colombia Diplomatic Relations

Tina Marie (Ms. Cat)

This Thursday, August 18, the second day of the “Border Agreement” meeting was held, an event attended by Venezuelan and Colombian authorities, and businesspeople who seek to reach agreements for the commercial reopening between Venezuela and Colombia.

Historic ‘Border Agreement’ Meeting Held to Discuss Renewal of Venezuela–Colombia Diplomatic Relations