Trump:The biggest thing that nobody knows about on January 1st

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News Date: September 12, 2020

Many are speculating that on January 1st, Donald Trump will be having the U.S to return to the gold standard, something he is publicly supported for many years.
"This is going to be the biggest thing that nobody even knows about, and it is all signed."
Sources:twitter.com

Reducing record debt, priority for Trump

White House says reducing record debt will be big second-term priority for Trump.
The accumulated debt is on track to surpass the size of the entire economy next year for the first time since World War II, and breach its all-time record in the coming years.
On the 2016 campaign trail, Trump promised to wipe out the nation's debt altogether over the course of his presidency.
Sources:thehill.com

UN Urges Debt Relief for Developing Nations

The United Nations Development Programme (UNDP) warns that the debt crisis in developing nations has reached unprecedented levels, with debt servicing consuming an increasing share of national revenues at the expense of development.
A new policy brief, released ahead of the G20 finance ministers meeting in Cape Town, highlights that 56 developing countries now spend over 10% of their revenue on interest payments, with 17 exceeding 20%, heightening default risks.
Total external public debt for the 31 poorest nations at risk of debt distress is estimated at $205 billion, while global debt servicing reached a record $1.4 trillion in 2023.
UNDP urges immediate reforms, including a more effective debt restructuring framework, systemic relief initiatives, and reduced borrowing costs to prevent a lost decade of development.
The upcoming Financing for Development conference in June will be a key platform for addressing these urgent issues.

Zimbabwe to join BRICS

Zimbabwe set to apply to join BRICS.
Zimbabwe has made overtures to join emerging economies that make up the BRICS bloc as part of its engagement and re-engagement thrust, which is particularly designed to increase the countries' clout globally, President Mnangagwa has said.
Sources: thezimbabwemail

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.

Gold's role in the Global Monetary Reset

Gold will play a big role in the coming global 'monetary reset'.
A global monetary reset is inevitable, as fiat currencies are being debased due to excessive money printing.
The U.S. dollar will be dethroned as the dominant global reserve currency by currencies backed by a basket of commodities including gold, according to Maxime Bernier, Founder and Leader of The People's Party of Canada.
An International reserve currency based on a basket of currencies is under consideration, Russian President Vladimir Putin said on June 22 at the BRICS Business Forum.
Sources: kitco.com