Russia to test payments in digital currencies

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News Date: February 26, 2024

Russia is ready to start testing payments in digital currencies with China or countries of the Eurasian Economic Union and will promote the idea with its partners,
Russian Finance Minister Anton Siluanov told state media in remarks published on Monday.
Siluanov: "We discussed this topic at the end of last year at the inter-ministerial dialogue."
He restated that any foreign acts involving Russian assets would be met with an equal response from Moscow.

Debt relief for middle-income countries

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.

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

A new gold standard is coming

Excessive monetary stimulus, a by-product of an undisciplined fiat money system, will create problems for our economy as well as financial distortions, and the long-term solution is to move away from this system and re-adopt a gold standard.
There are a lot of financial bubbles, there are excessive debt levels, inequality is rising, you have got moral hazards, all these side effects of a fiat money standard are not really what we want, and eventually we get a lot of monetary instability and I think then at that point we have to get back to a gold standard.
Sources: www.silverdoctors.com, www.youtube.com

BRICS common currency

Russian FM says BRICS group to consider common currency.
Russia, Brazil, India, China, and South Africa may soon consider creating their own currency within the framework of the BRICS, FM Lavrov hints possibility during a visit to Angola.
Source: aa.com

QFS The Quantum Financial System

Quantum computers can make parallel computations and calculate so much faster than their classical counterpoints that this problem is child play for them.
They can figure out in seconds or minutes what most classical computers could never do.
Could the Quantum Financial System have been activated?
The concept is simple, but the system has become increasingly complicated over time.
As quantum finance gets better at predicting different outcomes given different variables, algorithms can make better trades given individual investors preferences.
Quantum finance can tell people with stock options when the best time to exercise them is. It can assess risk by better calculating probabilities, making arbitrage more profitable.
Little is it known that this new system has been designed in preparation for the takeover of the Central Bank Monetary Debt System to end the financial slavery and control over the populace.
The QFS is expected to operate on Quantum Benevolent Intelligence with interaction on any financial transaction anywhere in the financial world. As a guarantee that every transaction; is legal and transparent for every account holder.
Truth is, the QFS has been running in parallel with the Central Banking System for some time and has countered many hacking attempts to steal funds.
Sources: thebossmagazine.com, standupamericaus.org