China Paves the Way for Debt Relief

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News Date: April 26, 2024

China's central bank is pushing for fair burden-sharing among creditors in debt restructurings for emerging market countries, indicating a proactive stance on global debt issues.
China's recent move to write off undisclosed amounts of Zimbabwe's interest-free loans aligns with its commitment to assist African nations burdened by external debt.
Since 2000, China has made debt relief a norm, providing crucial support to sub-Saharan African countries without imposing strict conditions.
This approach could influence other lenders and boost investor confidence, ultimately attracting further financial support for debtor nations.
Read also: World Bank President:China needs to participate in debt relief

Donald Trump nationalized the Federal Reserve?

Fed and Treasury to Merge?
The federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
Source:finance.yahoo.com

FISA START and gold backed vaccines

Did Trump say the FISA vaccine? Yes, he did. This is the question of today.
Did anyone notice how Trump pronounced the Pfizer vaccine-like FISA vaccine?
Trump said Pfizer perfectly clear, the other 3 times it is FISA, as in unsealed FISA Warrants.... which will be delivered via our military as evil folks are arrested. Gold...NESARA/GESARA. Vax = Arrests.
President Trump announced the COVID vaccine rollout within 24 hours. Note the curtains. He is... backed by gold.
Patriots believe that he is saying FISA instead of Pfizer in this speech. President Trump could be announcing DECLAS within 24 hours, including military intervention at this point and a big step towards the gold standard.
Sources: twitter.com, inteldinarchronicles.blogspot.com

New Financial System

IMF member countries are receiving their shares of new SDRs, of about US$650 billion, the largest in the funds history! This is a shot in the arm for the world and will help bolster confidence and strengthen the resilience of the global economy.
The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries.
The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
A SDR is not a loan & is cost-free for all IMF members. Unlike an extended fund facility, the government does not have to request any arrangement & there is no repayment involved. All member countries can use their allocated SDRs unconditionally.
IMF urges wealthy nations to direct $650 billion SDR share to vulnerable countries.
Zimbabwe to use more than half of IMF funds to prop up the currency.
Sources: twitter.com, www.today.ng

Central Bank digital currencies Competition

China CBDC Pilot Program Beats West to the Punch.
Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com

The BRICS digital payment system advances

October 17 update:
BRICS Pay officially unveils a new demo, according to its official website.
Users can test it at the BRICS Business Forum in Moscow, linking a one-time QR code card in the app and receive 500 rubles for purchases at BRICS Pay-labeled stores.
October 12 update:
Russia has proposed a new cross-border payment system at a BRICS meeting in Moscow.
The plan includes using local currencies, direct links between central banks, and distributed ledger technology (DLT) for faster, more secure settlements.
It also suggests creating trade centers for key commodities like oil and gold.
This comes ahead of the BRICS summit in Kazan, scheduled for October 22-24.
Older news:
Russia is advancing its plans for a BRICS digital payment system, according to Valentina Matviyenko, the Federation Council Speaker.
In response to sanctions and being cut off from SWIFT, the Bank of Russia has developed its own payment system, which has already seen participation from several countries.
Matviyenko announced that progress on the BRICS digital payment platform is ongoing.
"The creation of the independent financial payment platform BRICS Bridge, a standalone mutual payment system on a firm joint platform, is now being discussed within BRICS.
I have spoken both with the Central Bank and the Finance Ministry, things are moving along nicely," she said in a press conference.