Developing the BRICS currency
Gesara.news » » Developing the BRICS currencyDate: March 31, 2023
BRICS Group Works On A New Form Of Currency, looking At Basing Financial Reserves On A Basket Of Their Own Currencies.
State Duma Deputy Chairman Alexander Babakov said Thursday the BRICS alliance is actively engaged in developing its own currency and is set to present its proposals at the upcoming summit in August.
Putin suggested a new global reserve currency backed by hard assets and BRICS countries accumulated a great amount of gold.
Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Rosengren retires because of health issues. From a week ago: He made as many as 37 separate trades in the four REITS while the Fed purchased almost $700 billion in mortgage backed securities.
Federal Reserve Chairman Jerome Powell has ordered a review of ethics rules for the central bank after an outcry over officials owning individual securities.
Fed Chief Powell, other officials owned securities central bank.
Sources: www.cnbc.com, www.zerohedge.com
I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.
Russia, Brazil, India, China, and South Africa may soon consider creating their own currency within the framework of the BRICS, FM Lavrov hints possibility during a visit to Angola.
He expressed a desire to develop close partnerships with China and India in the field of quantum technology.
When the city of Kazan hosts the BRICS conference the following year, Russia aims to make its case.
Fedorov: Because together we can make things which are very hard to do alone.
We can collaborate about quantum computing, maybe solving problems and exchanging opinions and we collaborate about quantum sensing and different technologies and make our BRICS alliance to be stronger.
The Army transferred some of its satellite operations to the Space Force on Monday, marking the latest move to reorganize and grow the youngest military branch.
This historic transfer from the Army to the Space Force will mark the first time all Department of Defense military satellite communication functions have been consolidated under single military service.