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

Chas Freeman: The Many Lessons of the Ukraine War

I want to speak to you tonight about Ukraine – what has happened to it and why, how it is likely to emerge from the ordeal to which great power rivalry has subjected it; and what we can learn from this. I do so with some trepidation and a warning to this audience. My talk, like the conflict in Ukraine, is a long and complicated one. It contradicts propaganda that has been very convincing. My talk will offend anyone committed to the official narrative. The way the American media have dealt with the Ukraine war brings to mind a comment by Mark Twain: “The researches of many commentators have already thrown much darkness on this subject, and it is probable that, if they continue, we shall soon know nothing at all about it.”

Chas Freeman: The Many Lessons of the Ukraine War