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
The US has relaunched its military cooperation alliance under a new name “the Squad”, but with the same goal: to counter and “contain” China
Related:
Meanwhile, someone is delusional:
General Says West’s Defense Industrial Base Will Outpace Russia’s
President Joe Biden has made a habit of putting the interest of foreign governments before that of the American people. Like the Kingdom of Saudi Arabia and its de facto ruler, Crown Prince Mohammed bin Salman.
Biden Offers to Turn U.S. Military Personnel Into Saudi Royal Bodyguards by Doug Bandow
Flashback (has he forgotten?):
[2019] American Soldiers Are Not Bodyguards for Saudi Royals by Doug Bandow
President Donald Trump believes in America First except when it comes to the Saudi royal family. Then it is Saudi Arabia first.
A former top FBI counterintelligence official – in fact, the guy who received the tip that supposedly kicked off the Trump-Russia investigation – has been arrested and charged with violating US sanctions on Russia by taking secret payments from a Russian oligarch in order to investigate another oligarch.
Top FBI ‘Russiagate’ Official Arrested For Colluding With Russian Oligarch: DOJ
Anomaly Six, a secretive government contractor, claims to monitor the movements of billions of phones around the world and unmask spies with the press of a button.
Anomaly Six Demo’d Surveillance Powers by Spying on CIA And NSA
Ms. Cat’s Chronicles 