BRICS Alternatives to SWIFT

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News Date: March 1, 2022

BRICS is the acronym denoting the emerging national economies of Brazil, Russia, India, China, and South Africa.
It is a growing eastern world alliance led by China.
In another effort to reduce their dependence on the US dollar, BRICS members have been building their own global payment infrastructures for international transactions that are independent of the US dollar and can serve as alternatives to SWIFT, the leading messaging network for financial transactions worldwide.
This allows BRICS members, especially those who are often subjects of US sanctions, to create their own rules for international banking and settlement. Moreover, by extending alternative financial infrastructure to other countries and regions, BRICS can create greater buy-in for their own system and increase their financial and political influence through this alternative system.
Some BRICS members have independently developed their own cross-border payment mechanisms in recent years.
Both Russia and China have launched their national alternatives to the SWIFT global banking network and introduced their systems to broader global markets. Source: www.cambridge.org

Nikola Tesla And Trump Connections. Coincidences or time travel?

In 1943, two days after Nikola Tesla died destitute in a New York City hotel, the FBI called MIT professor and esteemed electrical engineer, John G. Trump (in fact the late uncle of Donald J. Trump), to determine if any of the belongings in the inventors estate-which included a purported weapon of mass destruction Tesla called the death ray-would be dangerous if they fell into enemy hands.
After studying time machine notes and inventions of Nikola Tesla he told the government he did not find anything. He could have lied to keep the inventions to himself and out of the hands of the government.
However, The Mystery of Nikola Tesla Missing Files remain.
Donald Trump about his uncle: He was a great expert. He was a great, brilliant genius.
The book written in 1893 called Baron Trumps Marvelous Underground Journey, is about a boy named Baron Trump who found a portal and used it for time travel. That name might sound familiar to you. Donald Trump youngest son is Baron Trump.
Three years later in 1896 the same author writes a sequel to the book and he calls it the last president. The book is about a very wealthy man who lived in New York in 5th avenue who ran for president.
Trump used to live before he went to the White House at 725 5th Avenue, New York.
Sources: www.youtube.com, www.youtube.com

Central banks bought a record amount of gold

Record central bank buying lifts global gold demand, WGC says.
Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping to lift global demand for the metal, the World Gold Council (WGC) said on Tuesday.
Sources: reuters.com

VISA & Currencycloud with Ripple on cross-border payments

Currencycloud to focus on new territories currently under-represented for SMEs, to make global movement of money more efficient.
Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, announced a partnership with Ripple, the enterprise blockchain solution for global payments. RippleNet, Ripple's global financial payments network, makes it easy for its diverse network of financial institutions worldwide to enable faster, lower-cost payments around the world.
Visa partner Currencycloud is now working with Ripple to expand their business-to-business cross-border payments platform.
Sources:dailyhodl.com, www.currencycloud.com

IMF, World Bank annual meetings on economic development

The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the worlds poorest nations that is set to expire at year end.
The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October. The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.
The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
IMF to revalue its Special Drawing Rights (SDR) - the world's reserve currency waiting in the wings.
Sources:www.bloomberg.com, ahram.org.eg, gesara.news

Russia, China switch to national currencies

Russia and China switch to settlements in national currencies for energy supplies.
Russia, China switch to national currencies in payments for gas, says a senior official.
Russia, China also actively switching to national currencies for payments of oil supplies, and products, says the deputy prime minister.
Sources: aa.com