An Asian Bretton Woods is suggested

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News Date: September 10, 2022

An Asian Bretton Woods may be on the way.
Sergei Glazyev, a senior Russian economist and Minister in charge of the Eurasian Economic Commission (EAEU), was leading a committee planning a new trade currency for the Eurasian Economic Union.
At the same time, the new trade settlement currency was to be available to any other nation in the Shanghai Cooperation Organisation and the expanding BRICS membership.
Logic suggests that a gold-backed currency will be the outcome of Glazyev's EAEU committee's trade currency deliberations after all, because of a subsequent announcement from Moscow concerning a new Russian bullion market.
Source: goldmoney.com

BRICS to promote the monetary reset

According to Chinese President Xi Jinping, the BRICS countries must promote a reform of the international monetary and financial system.
Additionally, he thinks that everyone should write international laws rather than distinct groups establishing international law for the entire world.
"It is necessary to give full play to the role of the New Development Bank, facilitate the form of the international monetary and financial system and strengthen the representation and the voice of developing countries," he stated.

Rumors Swirl Around Fed Chair Resignation

🔥 July 9, 2025: Speculation is growing that Jerome Powell may be planning to resign, following Trump’s call for Congress to investigate the Federal Reserve chief. 👀
💥 June 30, 2025: Scott Bessent says the White House is actively working to select Jerome Powell's replacement in the coming weeks. When asked about stepping into the role himself, Bessent said: “I will do what the President wants.”
🏛 June 27, 2025: President Trump calls for Fed Chair Jerome Powell to resign. Trump: I'd love for him to resign… He’s done a lousy job.
🏦 June 25, 2025: President Trump has begun interviewing candidates to replace Federal Reserve Chair Jerome Powell. "I know within three or four people who I’m going to pick," he stated Wednesday.
🏛️ June 21, 2025: Trump posted: maybe, I’ll have to change my mind about firing him? But regardless, his Term ends shortly!
🏛️ June 18, 2025: President Trump ramps up attacks on Fed Chair Jerome Powell — and half-jokingly suggests appointing himself to lead the Federal Reserve. "I’d do a better job," he quipped, fueling speculation and headlines alike.
🏛️ June 7, 2025: President Donald Trump announced that a decision on the next Federal Reserve chair is coming “very soon.” Speaking aboard Air Force One, Trump reiterated his stance that a strong Fed leader would lower interest rates. Kevin Warsh is seen as the frontrunner, as Trump continues to criticize current Chair Jerome Powell’s rate policy.
May 20, 2025: A reported court ruling has sparked speculation that President Trump could have the authority to remove Federal Reserve Chair Jerome Powell, potentially paving the way for interest rate cuts. However, no official sources confirm this ruling, and legal protections under the Federal Reserve Act suggest Powell’s position remains secure absent misconduct. Stay tuned for verified updates!
President Donald Trump, who nominated Jerome Powell to lead the Federal Reserve in 2017, recently stated he has “no intention” of firing the central bank chair before his term ends in 2026. This marks a shift from Trump’s escalated rhetoric, where he hinted at the unprecedented step of ousting him over disagreements on interest rate policies. Trump’s push for lower rates to counter his tariff-driven economic agenda has clashed with Powell’s warnings of potential inflation and slower growth. Despite the de-escalation, which calmed markets, Trump’s continued pressure suggests the Fed’s independence remains under strain as he tests the limits of his influence.
Trump’s frustration centers on the Fed’s refusal to cut interest rates, which he says hinders growth.
Powell, whose term lasts until May 2026, has stressed the Fed’s independence. Removing him would require proving misconduct, a legal challenge no president has won. The move could test the Fed’s autonomy.

Waller confirmed to Fed Board. WH supports Shelton

By a completely partisan vote of 48 to 47 (though Rand Paul voted against), The Senate confirmed Trump nominee Christopher Waller to the Federal Reserve Board of Governors - filling one of the two vacant slots on the influential economic body.
The White House remains confident that Ms. Shelton will be confirmed and is fully supportive of her candidacy, a White House spokesman said Thursday.
Her beliefs:
- eliminating the Feds independence and federal deposit insurance
- returning the U.S. to a gold standard
Sources: www.forexlive.com, www.zerohedge.com

Russia will abolish the VAT (tax) on bullion

The government will abolish the VAT (tax) on bullion.
This Bill will go to the State Duma on March 4.
Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
PM advises foreign businesses that competitors will take their place.
This is a step toward treating gold and silver as money instead of as commodities.
Source: t.me

BRICS Adopts Digital Economy

From January 17 to 19, 2024, the Moscow City Government delegation participated in the Smart Cities India Expo in New Delhi.
Sergey Cheremin, Minister of the Moscow City Government, addressed the exhibition's opening and engaged in various sessions in the business program.
He emphasized the longstanding cooperation between India and Russia and highlighted potential areas for bilateral partnership.
"We are united by the common goal of building the most modern infrastructure, creating a safe and comfortable urban environment. One of the most promising areas of our cooperation is undoubtedly information technology and the digital economy. India and Russia are striving to become leaders in this field, and joining forces can create a synergistic effect," Cheremin stated.
In December of the previous year, China and Russia announced a groundbreaking test for a hack-proof quantum communication link using the Mozi satellite.
The BRICS alliance, having dominated the geopolitical sector in 2023, announced a six-country expansion plan during the Annual Summit.
Now, as attention turns to 2024, both Russia and India, amidst the BRICS initiative, are collaborating on a digital economy and expressing commitment to developing a native BRICS currency, rumored to be blockchain-based.
Also, the BRICS Pay system was launched last year to rival the Western SWIFT payment system and establish BRICS-based alternatives.