Is confirming today that its going to be testing a mobile app for storing and exchanging the war on not as a paper entity by the way but rather as a digital like for example. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing Tool to get citizens chinese citizens comfortable with the idea of using and trusting Digital Currency now its important to mention that china is stressing that this really is quote only a test but is it and if it isnt why are they so ahead of the game at this point force right forbes one of the worlds leading business periodicals is warning the white house right now the trepan ministration not to continue its present course of banning and attacking cryptocurrency in fact let me show you this recent headline from forbes it says quote why try should unveil a u. S. Answer to bitcoin to rival chinas digital one should the white h
Federalized police to push the protesters back. The story an explanation of why Andrew Jackson is so reviled and all of this is coming up right here but were going to get in. With a bold declaration by china that seems to imply that its simply had enough with quote u. S. Threats to interfere and will now move forward to d. Dollar rise and strike back against the United States by creating a global currency to compete with the u. S. Dollar china has long considered joining russia and fighting back against u. S. Control of the worlds ability to trade or transfer goods without u. S. Interference or say so but now what china is announcing that its actually preparing to be cut off from the u. S. Financial system and theyre taking what appears to be real steps to protect itself. Why or maybe the better question is why now ok. The reason is that while the United States has been heavy handed in the past it has never according to china and chinese experts and officials gone so far as to weaponiz
Story an explanation of why Andrew Jackson is so reviled and all of this is coming up right here but were going to get him with a bold declaration by china that seems to imply that its simply had enough with quote u. S. Threats to interfere and will now move forward to the dollar rise and strike back against the United States by creating a global currency to compete with the u. S. Dollar china has long considered joining russia in fighting back against u. S. Control of the worlds ability to trade or transfer goods without u. S. Interference or say so but now what china is announcing that its actually preparing to be cut off from the u. S. Financial system and theyre taking what appears to be real steps to protect itself why or maybe the better question is why now ok. The reason is that while the United States has been heavy handed in the past it has never according to china and chinese experts and officials gone so far as to weaponize the u. S. Dollar the way that the trumpet administr
Million stimulus package. Heres more on that from greg lee. Reporter the democratic controlled house is scheduled to vote on the heroes act tomorrow. Republicans said it is dead in the water. While announcing major cuts, Governor Newsom called on President Donald Trump and the federal government to close the gap. The president of the United States with the stroke of a pen could provide support for the new heroes act. These cuts would be illuminated. Reporter House Speaker nancy pelosi release the new bill for 3 trillion. The four previous bills were bipartisan. We hope this one will be too. Reporter Senate Majority leader Mitch Mcconnell said it was a liberal wish list. We have spent enough money to prop up this economy forever. It is garbage. Reporter there was pushback from progresses, democrats criticized Senate Majority leader Mitch Mcconnell. Hunger does not take a pause, not been able to pay the rent, the hardship of it all. Reporter Governor Newsom double down on the call to hel
Make more than a 198,000. They will not get a payment. The bill also provides billion for Small Business loans. 250 billion will be set aside for Unemployment Insurance benefits and billion in loans for Distressed Companies now the bill now heads to the house which is expected to vote this friday. Well the passage of the stimulus bill comes at a great time for the 1 Million People in california who have filed for unemployment. Some homeowners will soon be getting a break as well thats because california leaders have secured a deal with 4 Major National banks to temporarily suspend Home Mortgage payments for those affected by covid 19 governor newsome says wells fargo citi us bank and Jp Morgan Chase all agreed on a 90 day grace period, another 200 Smaller Banks made similar commitments. 4 of the 5 largest institutions committed to just stop that 90 day unfortunately bank of america did not publicly commit to that they just committed to 30 days hope they will reconsider and joins a thos