BRICS trade has grown remarkably

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News Date: November 5, 2023

The BRICS group witnessed a remarkable surge in their trade activities over the five-year period from 2017 to 2022.
According to a report by Bloomberg, these nations collectively bolstered their economic ties and achieved a staggering 56% growth in their trade volumes during this period.
This significant increase underscores the growing economic significance of this influential bloc on the global stage.
In the year 2022, the combined trade turnover among the BRICS nations reached an impressive milestone, amounting to a staggering $422 billion.
This substantial figure demonstrates the remarkable economic prowess and potential of the BRICS group, solidifying its status as a major player in the international trade landscape.
In a recent statement, Russian President Vladimir Putin argued that the BRICS group has already surpassed the G7 nations in terms of the purchasing power parity (PPP) of their populations.
This claim highlights the rising economic strength and consumer power of BRICS countries, potentially reshaping the global economic landscape and challenging the traditionally dominant position of the G7.

Countries normalizing relations with Israel

Israeli estimates indicate that there are Arab and Islamic countries on their way to sign an agreement with Tel Aviv, before the end of the term of the current US President, Donald Trump, on the twentieth of next January. This comes after the Moroccan monarch announced, yesterday, Thursday, the resumption of official bilateral contacts and diplomatic relations with Israel, shortly after the announcement by the outgoing US President Donald Trump on Twitter in which he confirmed that "Israel and the Kingdom of Morocco have agreed to establish full diplomatic relations between them."
Sources: twitter.com, search4dinar.wordpress.com

Google Gesara interest over times

Google Trends Explores what the world is searching over times.
It provides access to a largely unfiltered sample of actual search requests made to Google. It's anonymized, categorized and aggregated. This allows us to display interest in a particular topic from around the globe or down to city-level geography.
For example entering the keyword "gesara" in the Explore bar, it results an ascending curve:
Example:trends.google.com

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

Huge call for debt relief at COP28

Update: Along with the World Bank, the UK, France, Inter-American Development Bank (IDB), European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), and African Development Bank (AfDB) are expanding debt clauses (CRDCs) in their lending to enable debt service to be paused when countries are hit by disasters.
Update: World Bank President Ajay Banga announced on Friday (Dec 1) that the development lender will prolong debt repayment pauses in the wake of climate disasters.
Over 550 economists and experts, alongside nearly 300 global organizations, called for debt cancellation at COP28.
African leaders are advocating for debt relief amidst crises, with Ethiopia securing a $1.5 billion debt relief agreement recently.
The COP28 World Climate Action Summit in Dubai, UAE, on December 1-2, 2023, gathers global leaders, experts, and stakeholders to address pressing climate challenges.

Defcon Level Warning System: Returning To Gold Standard

Russia is reportedly returning to the gold standard.
The government will abolish the VAT (tax) on bullion when purchasing gold bars or other precious metals from a bank.
The 20% current tax on top of its value will not apply.
According to Money Week China 'almost certainly' owns more gold than the United States and both Russia and China have been expecting that they must separate from the U.S. dollar and have been increasing their gold holdings so that they will be prepared for such a time.
Maxime Bernier said that China and Russia have both accumulated a lot of gold and are dumping their dollar assets.
"By escalating the Ukraine conflict and imposing financial sanctions, we are pushing them to establish an alternative global monetary system, likely based on gold" he stated.
"When this happens the US$ will crash and our massively indebted economies will suffer.
This is a big geopolitical blunder. And btw Canada has no gold reserve. We won't have anything to support the CAN$. Almost nobody sees this coming". he added.
Maxime Bernier said that he supports the return to sound money and a gold standard, but not in an 'unprepared and destabilizing fashion as the one we are facing now'.
Source: Defcon Level Warning System