In 2022, the US kicked Russia out of the SWIFT system, causing significant losses for Russian businesses and ordinary citizens. Even Switzerland’s traditionally neutral banks joined this looting. The monopoly over the financial system and global currency once gave the U.S. and EU such capability, but at the 2024 BRICS summit, Western countries permanently lost this advantage.
Previously:
Russia outlines proposal for BRICS DLT cross border payment system
A new research paper out of Russia proposes the future of the international monetary and financial system. The country is the current chair of BRICS which is meeting next week. One of its proposals is a CBDC and DLT system to support local currency payments. While the paper makes some interesting points, the mixture of fact and propaganda undermines the document’s gravitas. The document was authored by the Ministry of Finance, the Bank of Russia and Yakov and Partners.
Russia outlines proposal for BRICS DLT cross border payment system
A brief sketch of Georgian neoliberal reformers continuing the tradition of the Chicago Boys in Georgia and Ukraine
Related:
Read More »Vente Venezuela, the party of María Corina Machado, is connected to the National Democratic Institute and the Atlas Network via the Liberal Network for Latin America (RELIAL) and Liberal International. Edmundo González is just a stand-in for her.
Vente Venezuela (work in progress)
Previously:
Citizens’ assessment of a government’s performance is largely determined by the direct impact their personal and family economic situation experiences in a given period
Mision Verdad: Three Economic Facts Ahead of the July 28 Venezuela Elections
Full video: Why Should We Care About the Pacific Islands?
John Hennessey-Niland currently works with ASPI on ‘soft power’ in the Pacific Islands.
Maintaining U.S. Credibility in the Pacific Islands (PDF)
Australian Strategic Policy Institute (ASPI):
ASPI funding (Australia, Canada, Europe, Japan, United Kingdom, United States, Netherlands, New Zealand, Amazon, Microsoft, Twitter, Facebook, Google, Boeing, Lockheed Martin, Northrop Grumman, Raytheon, Thales Australia, American Chamber of Commerce, Center for Strategic and International Studies, German Marshall Fund, Carnegie Endowment for International Peace)
Australian think tank ASPI found linked to prison labor, human trafficking
Read More »This article presents a critical analysis of navigating headwinds and seizing opportunities in China’s economic crossroads, based on Yaroslav Lissovolik’s blog.
China Forges Ahead Amid Challenges and Shifting Global Dynamics
I was writing at my former site at that time and did cover this incident, which was shocking. Relinked previous coverage here
The Odessa trade union massacre, ten years later
Related:
Ms. Cat’s Chronicles 
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