Best Stimulus Package

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News Date: October 31, 2020

Trump Promises Best Stimulus Package You Have Ever Seen, After Election. Trumps announcement put his stamp of approval on a new timetable that came to the fore earlier in the day after Senators left Washington, D.C., for a pre-election break.
Sources: www.newsmax.com

BRICS plus for a multi-polar order

BRICS Plus' objective is widening the circle of friends that can bring unity among developing countries and enhance cooperation.
Expanding BRICS' cooperation with regional groupings such as the Association of Southeast Asian Nations (ASEAN), the African Union, the Caribbean Community, the Council of Arab States of the Persian Gulf and the Indian Ocean Coastal Cooperation Association is now in high demand.
ASEAN: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
The Council of Arab States of the Persian Gulf: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The caribbean community: Antigua & Barbuda, the Bahamas, Barbados, Belize, the Commonwealth of Dominica, Grenada, Guyana, Jamaica, Haiti, Montserrat, Saint Kitts & Nevis, Saint Lucia, Saint Vincent & the Grenadines, Suriname, and Trinidad & Tobago.
Sources: https://tvbrics.com

Trump is seriously considering a capital gains tax cut

Donald Trump is considering a capital gains tax cut in an effort to create more jobs.
- We are looking at also considering a capital gains tax cut, which would create a lot more jobs, said Trump Monday during a White House news conference.
Sources:www.youtube.com, bloomberg.com

New Defense Secretary on quick removal of US troops in Afghanistan

New acting Defense Secretary Christopher Miller has hired a senior adviser that has frequently pressed for the quick removal of U.S. troops in Afghanistan, the Defense Department confirmed on Wednesday.
Sources: thehill.com

A new global financial system

An economist predicts the emergence of a new global financial system.
The Russian economist, Anton Tabagh, said that the current system of monetary relations and trade settlements has been in crisis for a long time, but the recent geopolitical events may take another dimension and form.
The economist expressed confidence that the new system is in the process of taking shape.
Sources: search4dinar

United States and China are seeking debt relief measures

The United States and China are in frequent discussions to prevent emerging market sovereign defaults.
Talks include preemptive measures such as extending loan periods to ease the annual debt service burden of over US$400 billion for poor countries.
Ideas also involve increased financing from the World Bank and others to address high borrowing rates.
The aim is to implement these measures before countries default and enter formal restructuring talks with creditors.
The Treasury Department: "we talk frequently with China about sovereign debt concerns.
And we talk to many countries about how to make sure the international financial architecture is meeting low-income country financing needs".