Russia Proposes SWIFT-like System for BRICS

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News Date: July 26, 2024

Russia is advocating for BRICS countries to develop their own financial messaging system, similar to SWIFT, to reduce reliance on Western institutions and boost financial autonomy.
Deputy Chairman Alexander Babakov stated this system would allow secure, independent transactions via state-owned banks, support African development, and reduce neocolonial influences.
Integrating with national infrastructures and using advanced cybersecurity, the system would lower transaction costs, speed up capital turnover, and improve liquidity, benefiting international trade.
"The creation of a financial messaging system similar to SWIFT will help create a new economic reality for the BRICS countries," Babakov said.
Source: TASS.

Giant Voice of America

Remember when Trump said we would have a Giant Voice in the future?
This is the post that got Trump booted: The 75,000,000 great American Patriots who voted for me, AMERICA FIRST, and MAKE AMERICA GREAT AGAIN, will have a GIANT VOICE long into the future. They will not be disrespected or treated unfairly in any way, shape or form!
Voice of America, a news outlet now controlled by his loyalists, will now be their communication channel.
Secretary of State Mike Pompeo delivered remarks on Monday at Voice of America headquarters in Washington DC.
Secretary of State Pompeo slammed the anti-democratic tech giants in the US and the Chinese Communist Party.
Details: www.thegatewaypundit.com

The Reserve Bank of India has increased its gold reserve

There was a sharp jump in the foreign currency assets and gold reserves.
All components in forex reserves climbed with gold reserves outperforming foreign currency assets (FCA) in the week.
RBI announced key measures that are likely to protect the Indian rupee at the interbank forex market and further drive the reserves.
The value of gold reserves rose by $1.140 billion to $39.642 billion during the week ended July 29.
This is the highest monthly purchase since September 2021.
Sources: livemint.com

Prepaid Debit Cards, Digital Dollars To Each American

Unprecedented Monetary Overhaul: Cleveland Fed president Loretta Mester Hints Fed Is Preparing To Deposit Digital Dollars Directly To Each American.
If anyone has actually been paying attention. This was announced months ago. Trump debit cards on the way!
Treasury Secretary Steve Mnuchin shows the new prepaid debit card that will be sent to Americans receiving coronavirus relief.
Sources:www.youtube.com, www.zerohedge.com

Russia to test payments in digital currencies

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.

Game (over) of thrones

Queen Elizabeth Death Rumors Spread After Funeral Details Leaked.
Operation London Bridge: Secret Funeral Plans For Queen Elizabeth II Leaked For First Time.
Monarchy will remain, but the Commonwealth is uncertain.
Prince Charles plans to turn Buckingham Palace into a museum to streamline the monarchy.
The Royal Family are reportedly planning to sell-off Buckingham Palace in order to create a museum dedicated to the history of the Royal Family.
According to royal commentator Neil Sean, Prince Charles believes the London residence could become a part-time working royal.
Sources: www.express.co.uk, www.rd.com