SpaceX Developing Military Version Of Starlink Satellites

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Date: December 6, 2022

Elon Musk's SpaceX is expanding its Starlink satellite technology into military applications with a new business line called Starshield.
"While Starlink is designed for consumer and commercial use, Starshield is designed for government use," the company wrote on its website.
SpaceX's ongoing work with the Department of Defense and other partners demonstrates our ability to provide in-space and on-ground capability at scale.
Sources: theepochtimes

Welcome to quantum computing era FED

Fed Announces It Will Quit Printing Paper Money. The Federal Reserve will not be printing new paper currency (they have already ceased making coins).
PayPal is leaping into the cryptocurrency market, Starting in the next few weeks, users in the US can buy and sell bitcoin and several other digital currencies on the platform.
Quantum computers will be orders of magnitude more powerful than anything we have today. Scientists predict that the emerging era of quantum computing could lead to great breakthroughs.
Sources:themadtruther.com, finance.yahoo.com, www.forbes.com

Basel III endgame strikes the Federal Reserve

U.S. Federal Reserve officials, led by Fed Vice Chair Michael Barr, are exploring changes to the 'Basel III endgame' overhaul for bank capital regulations.
This includes reconsidering operational risk calculations and potential offsets for mortgage servicing.
It marks a significant shift as the Fed acknowledges concerns from the banking industry about the policy's impact on lending.
Here is Michael Barr's statement:
'We want to make sure that the rule supports a vibrant economy that supports low - and moderate-income communities, that gets the calibration right upon things like mortgages.
So the public comment that we're getting on this is really critical for us getting it right. We take it very, very seriously.
That program was really designed in that emergency situation. It was designed for that emergency to say, we want to make sure that banks and creditors of banks and depositors banks understand that banks have the liquidity they need.'

BRICS Launches BRICS Pay System

BRICS has unveiled BRICS Pay, a new payment platform developed over the past few years.
This system is designed to boost trade and financial transactions within the bloc, emphasizing the use of national currencies over the US dollar.
BRICS Pay aims to streamline cross-border transactions, reduce exposure to currency exchange risks, and enhance the financial independence and stability of its member countries, marking a significant step in challenging the dollar's dominance on the global stage.

UN Urges Debt Relief for Developing Nations

The United Nations Development Programme (UNDP) warns that the debt crisis in developing nations has reached unprecedented levels, with debt servicing consuming an increasing share of national revenues at the expense of development.
A new policy brief, released ahead of the G20 finance ministers meeting in Cape Town, highlights that 56 developing countries now spend over 10% of their revenue on interest payments, with 17 exceeding 20%, heightening default risks.
Total external public debt for the 31 poorest nations at risk of debt distress is estimated at $205 billion, while global debt servicing reached a record $1.4 trillion in 2023.
UNDP urges immediate reforms, including a more effective debt restructuring framework, systemic relief initiatives, and reduced borrowing costs to prevent a lost decade of development.
The upcoming Financing for Development conference in June will be a key platform for addressing these urgent issues.

Ghana plans to buy oil with gold rather than dollars

Ghana working on a plan to buy oil with gold rather than the dollar.
Ghana's government is working on a new policy regime where gold will be used to buy oil products rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday.
Sources: reuters.com