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
Read More »by Ralph McGehee, December 1999
The US has again asked the UN to condemn China’s human rights record. Our nervousness over this issue is increased by the scheduled reversion of Hong Kong to Chinese rule next year. The condemnation request has been accompanied by a barrage of media stor ies about China’s treatment of orphans, the Laogai prison system, the lack of political freedom and other issues. Observers of international political developments will recognize such stories as the standard accompaniment of operations by the CIA/NED to alter or overthrow target governments. The US corporate-owned media, in league with government agencies, orchestrate media coverage to demonize states in conflict with corporate plans. (Many of the media stories seem to be generated by the “privately funded” US-based Human Rights Watch/Asia). Once and if the Chinese government is changed and serves well the corporate state, even if any abuses multiply — we will hear no protest.
CIA’s War Against China
Ms. Cat’s Chronicles 