While addressing a BRICS business forum, Putin said that together with its BRICS partners – Brazil, India, China and South Africa – Russia is developing reliable alternatives for international payments.
“The Russian system for transmitting financial messages is open to connecting banks from the five countries,” he said, adding: “The geography of the use of the Russian payment system Mir is expanding.”
While it is not clear if the proposed coin will be convertible to the precious metal – a practice long abandoned by most fiat monies -, the VEB.RF noted that the golden ruble would be specifically designed for international trade and not intra-state use.
Wickremesinghe also began talks on Monday with a delegation from the International Monetary Fund (IMF), which is visiting Colombo for the first time since the south Asian nation requested a bailout package of nearly $3 billion. (How can Sri Lanka pay back the IMF? Impose "austerity"?)
BRICS in 2021 already added Bangladesh, Egypt, the UAE and Uruguay to its New Development Bank (NDB). In May, at Foreign Ministry-level debates, Argentina, Egypt, Indonesia, Kazakhstan, Nigeria, the UAE, Saudi Arabia, Senegal and Thailand were added to the 5 BRICS members. Leaders of some of these nations will be connected to the Beijing summit.
BRICS plays a completely different game from the G20. They aim for the grassroots, and it’s all about slowly “building trust” – a very Chinese concept. They are creating an independent Credit Rating Agency – away from the Anglo-American racket – and deepening a Currency Reserves Arrangement. The NDB – including its regional offices in India and South Africa – has been involved in hundreds of projects. Time will tell: one day the NDB will make the World Bank superfluous.
There are lots of ways the West can respond to this.
1) Hedge fund billionaires and Wall Street can say ‘We want in!’, which is possible given Western financial systems operate like mercenaries rather than an army (which is why there are no countries around today that operate their national defence on that basis.) If that happens, some rich Westerners get richer, but the West loses its global pre-eminence and the geopolitical power to act on issues like Ukraine and Taiwan.
2) Or the Fed can say anyone using a BRICS currency loses access to the US financial system. That would bifurcate the world. As we already see with sanctions against Russia, it would also mean the West, and third parties, doesn’t get the commodities (or industrial goods) that the BRICS produce. That means massive inflation in some places, deflation in others, and global depression, not recession. I wouldn’t rule it out, but the end-game is clear.
3) Or the Fed can keep raising rates to force commodity prices down, raising the collateral attractiveness of the US$ and reducing that of its new rival. That would mean recession – and it already does. It would imply a massive blow-up for those leveraged long commodities - as with crypto. It would also make getting hold of US$ even harder - but that’s what Fed swap-lines, for friends, would be for. This is obviously not what the markets think will happen, and I understand why. (“Because markets.”) However, it’s not cartoonish. It’s just taking monetary policy into the geopolitical dimension, where it always sits, and most so when potential monetary rivals appear.
“There is an official narrative, and the official narrative is they’ve got to stop inflation... Let’s look very simply at what happened. They voted on the direct reset. Then they injected $5 trillion into the economy that went to the insiders. Then they used Covid to shut down the economy run by the outsiders. Now, the outsiders want to open another business, and they are going to radically raise the cost of capital to the outsiders. What’s going to happen is that $5 trillion is going to buy more assets more cheaply. To me, this is part of centralizing the control of the economy. They are asserting very significant central control. This is not a turndown–this is a takedown.”
CAF’s view of the economy is simple and tangible. CAF says, “This is a world where people are trying to get into real assets that can generate a yield..."
"Let me tell you what the problem is. Doing things that create value on assets requires the rule of law. We are watching a very significant financial coup d’état. We have talked about this for years. That financial coup d’état is turning into a coup, and you are seeing a fundamental breakdown of law and order in many places. It is related to people trying to pick up assets. We see cities where crime is off the charts, and speculators are out having a field day picking up assets with that $5 trillion.”
CAF says, “At some point, you have to realize we are in a war..."
"We have an enemy. We have the power to win, but we are going to have to fight. If you look at our ancestors in the last 10,000 years, I dare say we have it in us. Let’s get out of fear and get into fighting mode. There are two roads. We can preserve, rebuild and protect the human civilization, or we can become slaves. If you look at what these guys are up to, death is not the worst thing that can happen to you. Do not fear death. Fear slavery in a transhuman society.”
Ottawa intends to stick to anti-Russia sanctions, but does not want them to harm Germany
“We are talking to Germany, trying to find a pathway through which we can actually enable the flow of gas. There may be different options that we can look at,” he stated, adding that Ottawa is negotiating with Berlin on ways to return the equipment.
“Mexico opens the doors to Assange,” the president declared.
It is good to remember that AMLO spoke to Trump and offered asylum and he is now promising to speak to Biden, to again offer asylum.
AMLO’s briefing to journalists included playing the ‘collateral murder’ clip.
They conclude that there is a need for formal harm-benefit analyses for Covid vaccines, taking into account the different levels of risk of serious Covid and adverse events that exist between demographic groups. Ideally, this would be based on individual participant data, they say, though such data remain frustratingly unavailable.
Saline injections are not supposed to have such an aggressive side effects profile. So what exactly was in Pfizer's placebo injection?
this is either egregious dereliction of duty or an outright lie in FOIA response.
they either did not do the analysis because they knew what they’d find if they did
they did do the analysis and are hiding it because of what it showed and the fact that they could never justify inaction in the face of it.
there is simply no plausible case that they “forgot” or “did not think it was important” or “saw no reason to use resources on it.”
- "With what we know today: yes. With what we knew then: no", was the answer.
..In just 18 months, Fort Bragg lost over 80 soldiers from “sudden” and “unexplained” causes. According to officials, 33 of the fatalities are of “undetermined” causes. Fort Bragg cannot explain why dozens of soldiers are dying in their own bunks.
During that same eighteen-month period, three Fort Bragg soldiers died in overseas combat. This means soldiers stationed at Fort Bragg are twenty-seven times more likely to die unexpectedly on their home base than in overseas combat!
..Drugs are only a small part of the problem. In January of 2021, Army captain Robert Latham died suddenly of an “apparent heart attack.” The 32-year-old was previously in top physical condition. A Green Beret named Calvin Rockward passed away from a “sudden, unexpected medical event.” The 38-year-old was in excellent physical condition, too... https://gospelnewsnetwork.org/2022/03/16/fort-bragg-lost-over-80-soldiers-from-sudden-and-unexplained-causes-and-stopped-reporting-on-the-deaths-after-june-2021/
Yeah, well, we all die somehow. What a shame it would be for that to mean nothing.
https://roundingtheearth.substack.com/p/why-take-on-the-dod-humanityTrudeau Panics as Fully Vaccinated account for 9 in every 10 COVID-19 Deaths in Canada over the past month; 4 in every 5 of which were Triple Jabbed
Do long term statistics support routine early childhood vaccination, as currently practiced? Are there other population consequences? Some interesting statistics ("No free lunch"?) https://rumble.com/v106rmt-stunning-dr.-paul-thomas-blows-up-the-conventional-vaccine-narrativeincredi.html
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