Turkey seeks to become full SCO member
Gesara.news » News » Turkey seeks to become full SCO memberNews Date: September 17, 2022
Turkey's Erdogan targets joining Shanghai Cooperation Organization, media reports say.
'Now our next process will be steps towards this end. This is our goal,'
he said in reply to a journalist's question whether Turkey was considering the possibility of becoming a member of the SCO.
"Nothing of the sort has been implemented but there are discussions so that we can trade in local currencies of countries like India, Russia or China," Egyptian Supply Minister Ali Moselhy told Reuters.
Last year, Egypt formally applied to join BRICS and the SCO.
I recorded a video with our 2020 retrospective. Best Regards!
The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries.
The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
A SDR is not a loan & is cost-free for all IMF members. Unlike an extended fund facility, the government does not have to request any arrangement & there is no repayment involved. All member countries can use their allocated SDRs unconditionally.
IMF urges wealthy nations to direct $650 billion SDR share to vulnerable countries.
Zimbabwe to use more than half of IMF funds to prop up the currency.
Sources: twitter.com, www.today.ng
The quantum field theory predicts that there exists an energy of the vacuum resulting from the non-zero zero-point energies of the quantum fields that fill our universe.
Imagine if we could collect the energy out of thin air. And I mean it quite literally.You know how you were taught that a vacuum is nothing but empty space? That isnt exactly true, at least in the world of quantum mechanics. If you dive deeper, below the level of molecules, atoms, electrons and protons, and into the world of the tiniest subatomic particles, like quarks, you will see that even the vacuum of space can never be truly empty. It is filled with particles that randomly pop in and out of existence.But the exciting thing about those these fluctuating particles is that they generate energy that we could, hypothetically, put to good use.
Sources: twitter.com, beforeitsnews.com, www.youtube.com
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.