The World toward a multi-currency system

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News Date: August 27, 2022

Nations like Russia and China are now leading the charge from a one-currency world to a multi-currency world of import payments.
Russia, for example, can take its energy profits and Rubles to purchase the currencies of friendly countries like China, India, and Turkey to rebuild its reserves outside of the USD.
The old world is slowly but surely turning irreversibly away from a USD-dominated currency system toward a multi-currency and multi-FX pricing model.
Source: goldswitzerland.com

Digital ruble in cooperation with the UAE

The Bank of Russia, led by First Deputy Governor Olga Skorobogatova, is collaborating with the UAE regulator to establish a cutting-edge system for fast payments and settlements.
This initiative, announced at the Finopolis forum, aims to utilize the digital ruble to streamline financial transactions for both individuals and businesses.
The partnership signifies a commitment to financial innovation and positions these institutions at the forefront of the evolving digital landscape.
The digital ruble is expected to enhance transaction efficiency, fostering financial inclusivity and exemplifying a proactive approach to the future of finance.
"We will work out the fast payment system because the colleagues are ready with the digital ruble and we are ready.
If we solve the issue of client identification, then I think we will be able to build up a normal system of payments for citizens and the business between the two our countries in a year at the least," she stated.

Russia is working on stablecoin pegged to gold

Russian gov't working on stablecoin settlement platform between friendly nations.
Russia's Finance Ministry has reportedly begun working with the governments of 'friendly' nations to establish a cross-border stablecoin-based payments platform.
'Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved,' said Alexey Moiseev.
Sources: cointelegraph.com

Suppressed technologies patents pending release

Most of the listed technology areas are closely related to military applications. But some of them range more widely like Energy conversion systems, being subject to secrecy orders detrimental to the national security.
The current list of technology areas that is used to screen patent applications for possible restriction under the Invention Secrecy Act is not publicly available and has been denied under the Freedom of Information Act.
Source:fas.org

Trump’s ‘Big Beautiful Bill’ Passes the Senate

🏛️ July 1, 2025: After a marathon vote-a-rama, the Senate has officially passed President Trump’s sweeping tax cut package — the “Big Beautiful Bill.” Backed by near-unanimous GOP support, the bill now returns to the House for final approval.
A major win for Trump, the legislation marks a pivotal step in reshaping U.S. tax and spending policy — and sets the stage for a historic signing.
🏛 June 29, 2025: In a narrow 51-49 vote, the Senate advanced President Trump’s signature tax and spending package late Saturday, setting up a potential final vote as early as Monday. All but two Republicans backed the bill, which has become a centerpiece of Trump’s second term agenda. Senators Rand Paul and Thom Tillis broke ranks, citing concerns over the debt limit and Medicaid reforms. Lawmakers are racing to finalize the legislation ahead of the July 4 deadline.
✅ May 22, 2025 - Trump Celebrates Passage of “The One, Big, Beautiful Bill” after the House passed what he’s calling “arguably the most significant piece of Legislation” in U.S. history.
The sweeping bill includes:
🚫 No tax on tips or overtime
💵 Tax deductions for American-made vehicles
💰 “Trump Savings Accounts” for newborns
🛡️ Stronger border security + ICE/Border Patrol pay raises
🏛️ Funding for the Golden Dome
Trump praised Speaker Mike Johnson and House Republicans, urging the Senate to “get to work” and deliver the bill to his desk without delay.
He didn’t hold back on Democrats either, accusing them of being “warped in the past” and promising their agenda “will NEVER AGAIN happen!”
🏛️ May 21, 2025 - President Trump’s major tax and spending overhaul has cleared a key procedural step in the Republican-led House. Despite internal divisions, the powerful Rules Committee approved the bill, setting it up for a full floor vote within hours. The legislation aims to extend Trump’s 2017 tax cuts, introduce new deductions for tipped workers and auto loans...
💥 May 18, 2025 - House Republicans push forward Trump’s ‘Big, Beautiful Bill’ in a rare late-night vote! Trump celebrates on Truth Social: "CONGRATULATIONS REPUBLICANS!!! MAKE AMERICA GREAT AGAIN!!!"
With July 4 as the New Deadline, Treasury Secretary Scott Bessent Rallies GOP to Deliver a Historic Megabill—A Vision of Renewed Prosperity and Patriotic Reform by Independence Day
April 10, 2025
Trump posted on social media: Great News! "The Big, Beautiful Bill" is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!! Getting close. DJT
April 2, 2025:
Republican lawmakers met with President Donald Trump as they push forward with his sweeping tax-cut plan. Senate advanced Trump's $4.5 Trillion Tax-Cut Package.
February 25, 2025:
The House Republican spending bill has passed.
The U.S. House advanced President Trump's tax cuts agenda on Tuesday, giving a major boost to his 2025 policy goals.
February 19, 2025:
President Donald Trump speaks at FII Institute's Priority Summit in Miami.
He plans to work with Republicans in Congress to 'dramatically' cut taxes.
'We're going to dramatically cut taxes for families and for workers and for companies, including no tax on tips, and hopefully, no tax on Social Security and no tax on overtime,' he said.
February 12, 2025:
House Republicans release budget plan, with trillions in tax and spending cuts.
House Republicans unveiled budget to advance Trump's agenda on border security, defense, energy, and taxes amid Senate competition.
January 26, 2025:
President Trump announced in Las Vegas that his legislative package with Republicans will include a pledge to eliminate taxes on tips.
Trump also suggested a no-tax policy at the Las Vegas rally: 'How about just no tax?'
November 30, 2024:
Republicans, holding control of the House, Senate, and White House, are planning an ambitious 100-day agenda focused on key priorities, starting with tax cuts.
Older news:
In 2025, Republicans' consolidated power in Washington positions President-elect Donald Trump to implement an ambitious agenda.
Key priorities include extending the 2017 tax cuts, funding the U.S.-Mexico border wall, reclaiming unused Democratic-allocated funds, and cutting government oversight by eliminating the Department of Education and curbing the powers of agencies like the Consumer Financial Protection Bureau.
These measures aim to stimulate economic growth, boost job creation, and tighten immigration control while addressing the challenge of managing the $35 trillion national debt.

Russia-Turkey Switching to National Currencies statement

In Sochi, Erdogan met Putin to discuss the gas hub and grain deal.
Turkish President Recep Tayyip Erdogan's emphasis on switching to national currencies in bilateral trade during his discussions with Russian President Vladimir Putin signifies a notable shift in Turkey's economic and geopolitical strategy.
Erdogan: Switching to national currencies in bilateral trade is important.
The development of a natural gas hub within Turkey dovetails with this shift in economic strategy.
Putin also stated that Russia will soon deliver free grain to Africa.