BRICS expansion to a global community of security

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News Date: May 19, 2022

Xi calls on BRICS countries to build global community of security for all.
Xi made the remarks while delivering a video address at the opening session of the BRICS Foreign Ministers' Meeting.
China proposes to start the BRICS expansion process, explore the criteria and procedures for the expansion, and gradually form a consensus.
Sources: english.news.cn

Supreme Court could hit the tax system

The Supreme Court's decision to hear a pivotal tax case has profound implications for the future of the U.S. tax system.
At stake is the constitutionality of a proposed wealth tax, which could address economic disparities or dismantle key aspects of the existing tax framework.
A favorable ruling may promote social equity, while an adverse outcome could preserve individual economic freedom.
The case underscores the delicate balance between economic growth and fairness, making it a crucial moment in the nation's fiscal history with far-reaching implications.
The Supreme Court is expected to issue a decision by June 2024.

Yuan and ruble to replace dollar in Pakistan

Pakistan, among other nations, is brushing off the US dollar due to sanctions by making way for the Chinese yuan and Russian ruble.
The President of the Trade House of Pakistan Association Zahid Ali Khan said on Tuesday: replacing the US dollar with Russian rubles and Chinese yuan is a potential plan Pakistan is considering.
Sources: almayadeen

Ex-Fed governor calls for a new Treasury-Fed accord

🏦 Former Fed Governor Kevin Warsh called for a “regime change” at the Federal Reserve and a new policy alliance with the Treasury, citing the Fed’s reluctance to cut rates as a major failure. Warsh, reportedly a finalist to replace Chair Jerome Powell, told CNBC’s Squawk Box: “We need a new Treasury-Fed accord,” referencing the post-WWII coordination of debt management.
His stance aligns with Trump’s call for lower rates to ease the burden of the $36 trillion U.S. debt. Asked if Powell should be fired, Warsh responded, “Regime change will happen in due course.”
Source: CNBC / Squawk Box, July 2025

Biblical conjunction of Jupiter and Saturn on December 21

The alignment of Jupiter and Saturn will appear in the skies on December 21, the winter solstice. The last time the rare alignment of the planets was this close was in 1623, nearly 400 years ago. That was only 14 years after Galileo discovered the moons of Jupiter with the invention of the telescope.
Days before Christmas, Jupiter, and Saturn will look like one bright star - some believe the alignment is the same described in the Bible.
This alignment should lead to realization, possibly a great awakening.
Sources: truepundit.com, www.youtube.com, www.theblaze.com

Trump Touts Tariff Plan to Slash Income Taxes

President Donald Trump announced on April 27, 2025, that his tariff strategy will lead to significant income tax reductions, potentially eliminating taxes entirely for those earning under $200,000 annually. In a post on social media, Trump claimed the plan would create a “BONANZA FOR AMERICA,” with new factories and jobs already in motion, dubbing it the “EXTERNAL REVENUE SERVICE.” He also warned that reciprocal tariffs, paused for negotiations, could resume within weeks if trade deals falter. Meanwhile, World Bank Chief Ajay Banga urged developing nations to negotiate trade agreements with the U.S. to mitigate tariff impacts. Experts suggest China is softening its stance in the trade war, with Beijing exempting some U.S. goods from tariffs, signaling a potential shift in response to Trump’s aggressive strategy.