Saudi Arabia wants to join BRICS

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News Date: October 18, 2022

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

EO Promoting Redemption of Savings Bonds

President Donald Trump issued an Executive Order Promoting Redemption of Savings Bonds on December 18, 2020.
Could a seismic monetary shift be on the horizon for the Restored Republic.
It is an ongoing pilot project to assess the feasibility and cost of digitizing & making these records searchable & accessible.
It is currently estimated that more than 75 million matured savings bonds, issued as far back as 1935, remain unredeemed. The total value of these unredeemed savings bonds is approximately $27 billion.
Sources: www.whitehouse.gov

Russia is promoting its SWIFT-like system

Russia's SWIFT alternative is expanding quickly according to the country's central bank governor, Elvira Nabiullina statement:
"Russia has a System for Transmitting Financial Messages (SPFS), which is an alternative to SWIFT.
Similar infrastructure exists in some other countries.
We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important.
159 foreign participants from 20 countries have already joined the Russian system." SPFS - Sistema peredachi finansovykh soobscheniy;
SWIFT - The Society for Worldwide Interbank Financial Telecommunication (Headquarters: La Hulpe, Belgium);
SPFS and SWIFT are global financial messaging systems.
Financial messaging involves using messaging channels to exchange crucial financial information, from account updates to fraud alerts.
The Chinese alternative is named: The Cross-Border Interbank Payment System (CIPS).

Donald Trump brings back greatness

Donald Trump posted that The United States should now be focused on greatness again after The Supreme Court dismantled most of the charges against him.
In a landmark decision on Monday, the U.S. Supreme Court ruled that Donald Trump cannot be prosecuted for actions that were within his constitutional powers as president.
This ruling marks the first recognition of any form of presidential immunity from prosecution.
"Big win for our constitution and democracy. Proud to be an American!", he also stated.

Gold demand as a store of value

Central Banks Buying Gold Could Be Catalyst for $3,000 Gold Price.
They have been net buyers of the yellow metal since 2010.
In the first quarter of 2022, they bought gold again, 84 tonnes of it.
Gold Price Analysis: XAUUSD to be in demand as a store of value given record inflation.
Economists expect the yellow metal to remain resilient as Eurozone inflation is set to hit a new record.
Sources: lombardiletter.com, www.fxstreet.com

Next generation supersonic jet

Virgin released a few fantastic conceptual designs of the new supersonic commercial aircraft that would have the capacity for 9 to 19 people at an altitude above 60,000 feet.
The now-retired Concorde flew at average cruising speed around Mach 2, which would mean the Virgin aircraft could hit speeds over 2,300 mph, or about 50% faster.
Sources:liveandletsfly.com, www.zerohedge.com