Discussions on Turkey's entry into BRICS

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News Date: August 5, 2022

Kremlin allowed Putin and Erdogan to discuss Turkey's entry into BRICS.
Press Secretary of the President of the Russian Federation Dmitry Peskov admitted that today in Sochi, during a meeting between Vladimir Putin and Recep Taypiy Erdogan, the topic of Turkey's entry into the BRICS may be raised.
'As for the BRICS, it cannot be ruled out,' Peskov said.
Russian President Vladimir Putin at a meeting with his Turkish counterpart expressed the hope that it would be possible to sign a memorandum on the development of trade and economic ties.
Recep Tayyip Erdogan told Putin that they have to open a new page in matters of cooperation.
Putin and Erdogan discussed gas supplies to Turkey, and agreed on partial payment for gas in rubles
Sources: www.mk.ru

Zimbabwe ready to dump US dollar

Zimbabwe Must Revert to Using Own Currency, Ruling Party Says.
ZANU PF National spokesperson Christopher Mutsvangwa says the country will soon dump the American dollar in favor of the local currency, Zimdollar.
He said abolishing the multi-currency would help Zimbabweans get value for their money.
Sources: zwnews.com

Turkey, warehouse and bridge for metals trade to Russia

Turkey offers a warehouse and bridge for metals trade to Russia.
Turkish metals sector to serve as 'warehouse and bridge,' the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey.
This comes after 5 of Turkey's banks adopted Russia's payment system and the country said it would look to ditch the dollar for Russian energy.
Sources: reuters.com

Ripple XRP joins ISO 20022 The Global Payment Standard

Cross-border payments network Ripple (XRP) announced that it has become part of the ISO 20022 Standards Body, becoming its first member focused on distributed ledger technology (DLT). The new payment messaging standard is set to replace SWIFT MT messages as the standard format for cross-border and high-value payments.
Source:coinspeaker.com

Trump vows tax cuts and debt relief

President Trump made a campaign stop in Durham, N.H., on Saturday.
Donald Trump: "Here is my pledge to every New Hampshire family: I will never let the Trump tax cuts and they are the biggest tax cuts in the history of our country. I will never let them be taken away from you and with your vote in this election we will cut your taxes even further."
He also promised to take economic measures to get rid of the massive national debt.

Payroll Tax Cut

President Trump said Wednesday that he has the absolute right to suspend payroll tax collections without the approval of Congress.
The president has considered issuing an executive order suspending evictions and payroll cuts.
Source 1:www.foxbusiness.com/
President Trump recent tweeted Payroll Tax Cut plus Dollars!
Source 2:twitter.com
Also, in march 2020, Trump proposed eliminating payroll tax through the end of the year.
Source 3:www.nbcnews.com