Russia Proposes SWIFT-like System for BRICS

Gesara.news » News » Russia Proposes SWIFT-like System for BRICS

Share via:

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.

Gold price up as Fed begins historic ETF purchase program

The US central bank (FED) began purchasing ETFs holding corporate bonds for the first time ever Tuesday as part of its pandemic rescue package.
Such injections into the economy have generally lifted investor demand for safe-haven assets like the precious metal as fears of inflation and currency debasement grow.
Source:mining.com

BIG details are going to be revealed

President Donald J. Trump Announces Intent to Appoint Individuals to Key Administration Posts and issued a Memorandum on the Attorney Generals Authority to Use Classified Information in Connection with Review of Intelligence Activities, on December 22, 2020.
Also, the U.S. Secret Service tweeted this: You better watch out... someone is coming. [Santa Claus] Stay tuned for a special holiday announcement tomorrow.
Sources: www.whitehouse.gov, www.whitehouse.gov, twitter.com

IMF, World Bank annual meetings on economic development

The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the worlds poorest nations that is set to expire at year end.
The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October. The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.
The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
IMF to revalue its Special Drawing Rights (SDR) - the world's reserve currency waiting in the wings.
Sources:www.bloomberg.com, ahram.org.eg, gesara.news

The FEDs independence Days Are Numbered

Sometime back in March, the Federal Reserve began quarantining cash bills arriving from Asia. The move was meant to protect Americans from the coronavirus, but it was not entirely necessary. Cash usage was already at an all-time low.
The Fed is going to buy stocks. I do not know precisely when , but it will happen, and probably soon. It does not want to buy stocks but knows it is too dangerous to rule out. Since financial markets are like teenagers - continually testing boundaries - expect the Fed to keep getting pressed on this issue.
Sources:www.forbes.com, www.barrons.com

Trump: Ready to release suppressed technologies

Trump stated on Inauguration day: We stand at the birth of a new millennium, ready to unlock the mysteries of space, to free the Earth from the miseries of disease, and to harness the industries and technologies of tomorrow. A new national pride will stir our souls, lift our sights, and heal our divisions.
NESARA is meant to Enable the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security.
Donald Trumps uncle, John Trump Was Asked to Inspect Nikola Tesla Papers After the Inventors Death.
Here are some incredible patents:
Craft using an inertial mass reduction device Patent US10144532B2
High frequency gravitational wave generator Patent US10322827B2
Triangular spacecraft patent Patent US20060145019A1
Full body teleportation system patent US20060071122A1
Cosmic gravitational energy antigravity flying saucer patent CN1850542A
AIDS Cure Patent US5676977
Quantum vacuum energy extraction US7379286B2
...and many more being withheld from the public.
Scientist Behind The Navy UFO Patents Has Filed One For A Compact Fusion Reactor.
Sources: heavy.com, thedrive.com