Zimbabwe interested in SWIFT alternatives
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Date: March 16, 2023
The Zimbabwean government would like to become a member of the BRICS economic bloc, the speaker of the ruling party ZANU-PF said on Wednesday.
"We made it clear that we would like to become a member of the BRICS," Christopher Mutsvangwa told Russia's RIA Novosti news agency.
The official added that his country is interested in developing alternatives to the Western-dominated SWIFT payment network.
In his view, BRICS could contribute to that.
Saudi Arabia joins SCO
Riyadh joins Shanghai Cooperation Organization as ties with Beijing grow.Saudi Arabia's cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization, as Riyadh builds a long-term partnership with China despite U.S. security concerns.
(Reuters)
Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval
Switzerland's financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services.Source:bitcoin.com
White House is green. The endgame
St. Patrick was good. The white house is green. Know what I mean?Is it GO TIME for the ENDGAME (last stage) and time for the traitors.
This is about Revelation. The Beast to be exposed!
Sources: www.youtube.com
Gold and Silver benefit from FED policy, inflation
Gold prices are hovering around a two-week high as of Friday, showing the biggest weekly gains in over two months as the US Federal Reserve keeps key policy rates unchanged, engendering investors optimism about commodity markets.The Fed balance sheet is one of the drivers to the expanding money supply. The Feds monetary tools are used to keep rates low and cheap credit flowing. If the Fed keeps up the monetary stimulus, it will continue to drive inflation higher.
If the Fed were to ever try and taper, allowing longer-term rates to rise, it will put pressure on many areas of the economy, including the federal deficit.
In either case, Gold and Silver should benefit from high inflation if the Fed keeps printing or a shrinking economy if the Fed tapers.
Sources: schiffgold.com
Putin: Western banking system to end
Putin made some startling remarks addressing the VTB investment forum in Moscow on Thursday about the threat to the archaic financial system."The Western financial system is becoming outdated because of new technologies and could lose its dominant global position in the near future!
According to experts, in the coming years, this will lead to a revolution that will finally undermine the monopoly of large Western banks."
He also stated that these financial institutions are not in the best condition at this moment.