Debt relief for middle-income countries

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News Date: May 12, 2023

The President of the UN General Assembly advocates for debt relief for middle-income nations.
Csaba Korosi, president of the UN General Assembly, called for debt relief and fair access to new technology for middle-income nations on Thursday.
He stated at a high-level meeting of the General Assembly on middle-income countries that the 110 middle-income countries, which make up roughly one-third of the global GDP and three-quarters of the world's population, are the main forces behind global development.

National coin shortage getting worse

The nation's coin shortage, prompted by less cash circulating as a result of Covid-19 - is getting worse.
And believe it or not, cash is still being used in 49% of payments that are $10 or below, according to a recent study by the Federal Reserve Bank of San Francisco.
The irony of the situation lies in the fact that the Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry.
Sources:www.bloomberg.com, zerohedge.com

China Paves the Way for Debt Relief

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

A new global financial system

An economist predicts the emergence of a new global financial system.
The Russian economist, Anton Tabagh, said that the current system of monetary relations and trade settlements has been in crisis for a long time, but the recent geopolitical events may take another dimension and form.
The economist expressed confidence that the new system is in the process of taking shape.
Sources: search4dinar

Saudi Arabia wants to join BRICS

South African president says Saudi Arabia wants to join BRICS.
Cyril Ramaphosa revealed this during his two-day state visit to the kingdom on Sunday.
The BRICS nations are going to be meeting in a summit next year under the chairship of South Africa.
And the matter is going to be under consideration.
Sources: insiderpaper.com

Unleashing U.S. Innovation: A New Tech Era

Michael Kratsios’s (Director of the White House Office of Science and Technology Policy) call for a new American Golden Age at the Endless Frontiers Retreat and President Trump’s April 15, 2025, Presidential Memorandum to modernize infrastructure approvals share a bold vision: harnessing technology to reclaim U.S. leadership. Kratsios advocated dismantling regulatory barriers and protecting critical technologies, while the Memorandum emphasizes digitalization to streamline infrastructure projects, fostering innovation in energy and transport. These initiatives align with Section 19 of the NESARA, which enables the release of over 6,000 suppressed patents for technologies like free energy, anti-gravity, and sonic healing machines.
The U.S. does maintain secrecy orders under the Invention Secrecy Act of 1951, with 5,784 patents classified in 2017 for security or economic reasons. Examples include solar panel technology restricted decades ago, suggesting some innovations may indeed be delayed.
The current push for regulatory reform and technological adoption could indirectly “unlock” innovations like advanced nuclear reactors or quantum cryptography, which have faced bureaucratic hurdles. By prioritizing efficiency and competition with rivals like China, these initiatives may create an environment where transformative technologies—whether “suppressed” or simply underutilized—can thrive, fueling a new era of American ingenuity.