The End of the Dollar Empire

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News Date: September 7, 2022

Gazprom says it has signed a deal for China to pay for Russian gas in national currencies.
Russia's Gazprom said on Tuesday it had signed an agreement to start switching payments for Russia's gas supplies to China to yuan and roubles instead of dollars.
Sources: reuters.com

Gold has the historic value

Russia holds world's fifth-largest gold & foreign currency reserves.
Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland, and India, the Accounts Chamber said after an audit of the country's gold and foreign exchange holdings.
Gold proves its intrinsic value over time, as a hoard of Roman gold coins recovered from the seabed.
The horde was identified after two amateur free divers discovered coins in the bay of Portitxol in Xabia.
Sources: www.heritagedaily.com

Precious Metals as Money Moving Forward

Sound Money Bills Moving Forward Rapidly in Many States.
First, as to repealing precious metals sales taxes, bills in Mississippi and Kentucky are moving forward quickly.
Other full sales tax repeal bills are pending in Maine, Wisconsin, and Vermont - while Minnesota and Alaska are considering an expansion of their existing sales tax exemptions.
Efforts are underway in Iowa, South Carolina, Kansas, and Missouri to remove the state income taxes on the sale of gold and silver.
Meanwhile, several states are considering bills that prompt the establishment of a gold reserve.
(moneymetals.com)

Chinese, Russian payment systems consultations

Chinese and Russian central banks to discuss the use of national payment systems.
The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing's envoy to Moscow told the TASS news agency in an interview published on Thursday.
Russian banks may issue cards with China as Visa, and Mastercard cut links.
The use of the Mir and China UnionPay national payment systems in both countries will be decided by the two sides' central banks at consultations.
Sources: reuters.com

U.S. Department of Energy unveils the Quantum Internet

The U.S. Department of Energy (DOE) unveiled a report that lays out a blueprint strategy for the development of a national quantum internet, bringing the United States to the forefront of the global quantum race and ushering in a new era of communications.
Source:www.anl.gov

Turkey Applies to Join BRICS

September 2 update:
Turkey has officially applied to join BRICS, frustrated by the lack of progress in its bid to join the European Union, and aims to become the first NATO member and EU candidate to join the group.
June 9 update:
Turkiye's foreign minister will travel to Russia on June 10 to attend a meeting of foreign ministers of the BRICS+.
Older news:
Turkey, a NATO member, is expressing interest in joining BRICS as an alternative to the European Union to enhance its economic prospects.
Turkish Foreign Minister Hakan Fidan announced this during his visit to China, as reported by the South China Morning Post.
The matter is expected to be discussed at the upcoming BRICS ministers' meeting in Nizhny Novgorod. Russia, through Kremlin Spokesman Dmitry Peskov, has welcomed Turkey's interest, affirming that this initiative will be on the agenda at the next BRICS summit, which Russia is preparing to chair.