BRICS Summit Opens in Rio Amid Key Absences and Reform Push

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Date: July 6, 2025

🌍 July 6, 2025: The BRICS summit kicks off in Rio de Janeiro with 11 member nations united around a joint declaration—marking rare consensus amid complex global divides. Finance ministers called for IMF reform and a shift in voting power toward emerging economies. The group also sharpened its tone on Middle East tension and backed Brazil and India for UN Security Council reform. Notably absent are Xi Jinping, citing a scheduling conflict, and Vladimir Putin, avoiding arrest risks. Their absence shifts focus to Brazil and India.
Stay tuned, as the story of a new global order unfolds.

BRICS expansion to a global community of security

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

Australia closer to a cashless society

Australia's big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society.
Sources:www.dailymail.co.uk, www.atmmarketplace.com

XRP bombed. Could Ripple Replace SWIFT?

Cross-border payments network Ripple (XRP) has become part of the ISO 20022 Standards Body, its first member focused on distributed ledger technology (DLT).
Former SEC Chairman Jay Clayton dropped a legal airburst bomb on Ripple. A few short days before leaving the position, Clayton filed a lawsuit making claims that are at least, suspect because of timing.
What possible motivation could there be for shaking all retail investors out of XRP, and tanking its price? Perhaps it has to do with the actual function of Ripple. Ripple is a major contender for replacing the central banking SWIFT system for international transfers.
First Pretrial Conference for Ripple and SEC to Take Place on February 22.
Sources: gesara.news, www.youtube.com, u.today

Global Peace, Security, and Prosperity Proposals at SCO

At the Shanghai Cooperation Organization (SCO) meeting, Chinese President Xi Jinping proposed several initiatives to strengthen regional cooperation:
Solidarity and Mutual Trust: Emphasizing the importance of unity within the SCO.
Peace and Tranquility: Advocating for collective security among all countries.
Prosperity and Development: Promoting regional collaboration through agricultural technology, local economic trade, and environmental innovation. Encouraging the use of China's Beidou Satellite Navigation System and participation in the International Lunar Research Station. Offering digital technology training.
Good-Neighborliness and Friendship: Hosting 1,000 young people from SCO countries in China over the next five years for exchange opportunities.
Fairness and Justice: Supporting a multipolar world and inclusive economic globalization. The SCO should contribute to addressing global deficits in peace, development, security, and governance.
President Xi emphasized that the SCO's success is due to its solidarity and cooperation, and China, as the next president, will continue to work with SCO partners to pursue common progress and a shared future for mankind.

Starlink is awesome for RV

Elon Musk's recent comment on Twitter:
Starlink is awesome for RV's, camping or any activity away from cities...
RV stands for Recreational Vehicle.
RV also stands for the Revaluation of currencies.
Ironically, Donald Trump made RV hints in a Rose Garden news conference in 2020, revealing he wants to drive around town in an RV, back to New York, with the First Lady, cracking jokes after forgetting what an RV is.
Sources: twitter.com, youtube.com