BRICS currency officially announced

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Date: March 5, 2024

The Kremlin has announced the development of a blockchain-based payment system within the BRICS alliance.
Kremlin aide Yury Ushakov emphasized the importance of creating an independent BRICS payment system using modern tools like digital technologies and blockchain, aiming for convenience, cost-effectiveness, and non-political influence.
The focus for the year is to enhance BRICS's role in the international monetary system, with an emphasis on increasing settlements in national currencies and strengthening correspondent banking networks.
Work will continue on the Contingent Reserve Arrangement, particularly focusing on currencies other than the US dollar, as outlined in the 2023 Johannesburg Declaration.

China increased Russian gold import

Russian Gold Rerouted to China Amid Western Ban.
China imported $108.8 million worth of Russian gold in July - a 750% increase from June and a 4,800% increase from the same month last year.
China may be just one of several important new destinations for Russian gold in Asia and the Middle East.
Source: themoscowtimes.com

The BRICS digital payment system advances

October 17 update:
BRICS Pay officially unveils a new demo, according to its official website.
Users can test it at the BRICS Business Forum in Moscow, linking a one-time QR code card in the app and receive 500 rubles for purchases at BRICS Pay-labeled stores.
October 12 update:
Russia has proposed a new cross-border payment system at a BRICS meeting in Moscow.
The plan includes using local currencies, direct links between central banks, and distributed ledger technology (DLT) for faster, more secure settlements.
It also suggests creating trade centers for key commodities like oil and gold.
This comes ahead of the BRICS summit in Kazan, scheduled for October 22-24.
Older news:
Russia is advancing its plans for a BRICS digital payment system, according to Valentina Matviyenko, the Federation Council Speaker.
In response to sanctions and being cut off from SWIFT, the Bank of Russia has developed its own payment system, which has already seen participation from several countries.
Matviyenko announced that progress on the BRICS digital payment platform is ongoing.
"The creation of the independent financial payment platform BRICS Bridge, a standalone mutual payment system on a firm joint platform, is now being discussed within BRICS.
I have spoken both with the Central Bank and the Finance Ministry, things are moving along nicely," she said in a press conference.

WH can take executive action on the stimulus anyway

Congress could agree on the stimulus package deal Friday but Trump floats executive action even if stimulus deal is reached.
White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart.
"I wouldn't be surprised that, if something gets left off the table, we'd be like "we can take this executive action too and be able to win on it anyway," one official said.
Sources:www.cnet.com, www.axios.com

FinX tap into the QFS via Stellar

Have you Heard about the FinX token in the stellar network, a new token implemented in the new quantum system that we are moving to?
FinX was started as an initiative to support the integration of retail users into the Quantum Financial System.
FinX is a decentralized network based on sovereignty and commerce. Its goal is to provide a platform optimized for the upcoming Quantum Financial System and enterprise-ready tokens to be used in the new generation of Blockchain.
Their goal is to tap into the QFS (Quantum Financial System), the new global network for the transfer of asset-backed funds, and replaces the centrally controlled outdated SWIFT Systems. FinX assets are created within the Stellar.
Sources: finx.org

USA Is Going Back To The Bill Of Rights And The Constitution

Conclusions of the Report of the Commission on Unalienable Rights:
1. It is urgent to vigorously champion human rights in foreign policy.
2. The power of example is enormous.
3. Human rights are universal and indivisible.
4. The universality and indivisibility of human rights do not mean uniformity in bringing them to life.
5. A degree of pluralism in respecting human rights does not imply cultural relativism.
6. Nation-states have some leeway to base their human rights policy on their own distinctive national traditions.
7. Although human rights are interdependent and indivisible, certain distinctions among them are inherent in the Universal Declaration itself, as well as in the positive law of human rights that follows from the UDHR.
8. Freedom, democracy, and human rights are indissolubly linked.
9. Social and economic rights are essential to a comprehensive foreign policy.
10. New claims of rights must be carefully considered.
11. National sovereignty is vital to securing human rights.
12. The seedbeds of human rights must be cultivated.
Full report: www.state.gov