The proposed digital currency in Texas would be unique as it would be based on a physical asset, gold, and each unit of the digital currency issued would represent a particular fraction of a troy ounce of gold held in trust.
A Gallup survey indicates that 83% of Americans view the current state of the U.S. economy negatively with inflation being the biggest economic concern, while non-economic issues such as aspects of government or leadership cited as the leading problem by twice as many Americans.
InteractivePolls referenced a Premise Poll in stating that voters prefer Trump to run against Biden for the 2024 presidential election than any other GOP candidate.
During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”