Debt Jubilee by Trump pick to lead World Bank

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News Date: July 20, 2020

President of the WorldBank Group remarks to G20 Finance Ministers & Central Bank Governors I emphasized the need for further progress on:
1. Debt Suspension;
2. Debt Reduction;
3. Debt Resolution;
4. Debt Transparency.
The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency.
WASHINGTON, July 18, 2020
Full remarks here:www.worldbank.org
US President Donald Trump has nominated David Malpass as his pick for the next World Bank president:
Source:www.whitehouse.gov

Gold rush. Welcome to the era of gold!

Gold, silver coin demand surging, straining U.S. Mint capacity.
The US Mint is limiting the distribution of its gold, silver, and platinum coins to specific dealers because of heavy demand, and a limited number of suppliers of metals.
Unprecedented silver demand forcing bullion deals to stop taking orders before the market opens.
After creating massive short-squeezes in stocks like Gamestop, Blackberry, and AMC, retail investors mobilized over social media started to focus on the silver market.
Sources: www.reuters.com, www.kitco.com

Turkey adopted Russia's Mir cards

Turkish Banks Are Adopting Russian Payments System, Erdogan Says.
Five Turkish banks have adopted Russia's Mir payments system, Turkey's President Recep Tayyip Erdogan said on his return from talks with President Vladimir Putin in the Black Sea resort of Sochi.
There are serious developments regarding the work that Turkish banks are doing on Russia's Mir card, Turkey's state-run Anadolu Agency cited Erdogan as saying on the plane.
Sources: alarabiya.net

BRICS Common Currency report

The planned BRICS cross-border currency is an important step in challenging the dominance of the U.S. dollar, according to Zhou Yu, director of international finance Research at the Shanghai Academy of Social Sciences, revealed a recent report from China's Global Times.
Zhou states that the recent moves to support local currency settlement have given the BRICS countries a competitive advantage in reducing the dominance of the dollar in international trade.
Iran, Argentina, Saudi Arabia, Turkey, and Egypt are among the potential countries to join and adopt the BRICS currency in 2023.

Discussions on Turkey's entry into BRICS

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

Richard Grenell listed as president

Ladies and Gentlemen, let me introduce the interim president of the United States of America!?
Richard Grenell: I will run up the stairs without tripping and then announce a plethora of Executive Orders. Stay tuned.
A former acting director of national intelligence turned potential Republican candidate for governor of California, gleefully seized on an error by Google on Saturday, promising a plethora of executive orders after the search giant listed him as President of the United States since 2021. The information appeared to come directly from Wikipedia, which is automatically used by Google in searches where it is then often stated as fact.
The military is in control? White hats are in control of Google? You decide...
Sources: twitter.com, www.theguardian.com