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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (190329)7/30/2022 5:07:42 AM
From: maceng2  Read Replies (1) | Respond to of 217573
 
If RT said it, it must be Russian disinfo ? -g-

Russia And China Officially Announce A "New Global Reserve Currency" (substack.com)

Russia And China Officially Announce A "New Global Reserve Currency"And once again, as happens often with consequential news in the United States and the West, no one has noticed and no one seems to care.

If you’ve blinked over the last month, you may have missed it…

China and Russia are taking their shot at the U.S. dollar. And as often happens with consequential news in the United States and the West, no one seems to notice or even care.

Since the beginning of the year, I have been writing about the possibility of Russia and China challenging the US dollar’s global reserve status. Now, it’s happening.


It shouldn’t be any surprise to those paying attention that Russia and China are strengthening their economic ties amidst continued Western sanctions on Russia as a result of the country’s war in Ukraine.

What may surprise some people, however, is that Russia and the BRICS countries, including Brazil, Russia, India, China, and South Africa, are officially working on their own “new global reserve currency,” RT reported in late June. Nobody even seemed to notice.

“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Vladimir Putin said at the BRICS business forum last month.

And of course, as Russia has been cut off from the SWIFT system, it is also pairing with China and the BRIC nations to develop “reliable alternative mechanisms for international payments” in order to “cut reliance on the Western financial system.”

In the meantime, Russia is also taking other steps to strengthen the alliance between BRIC nations, including re-routing trade to China and India, according to CNN:

President Vladimir Putin said Wednesday that Russia is rerouting trade to "reliable international partners" such as Brazil, India, China and South Africa as the West attempts to sever economic ties.

"We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the BRICS countries," Putin said in his opening video address to the participants of the virtual BRICS Summit.

In fact, “trade between Russia and the BRICS countries increased by 38% and reached $45 billion in the first three months of the year” this year, the report says. Meanwhile, Russian crude sales to China have hit record numbers during Spring of this year, edging out Saudi Arabia as China’s primary oil supplier.

"Together with BRICS partners, we are developing reliable alternative mechanisms for international settlements," Putin said.


Putin continued, stating last month: "Contacts between Russian business circles and the business community of the BRICS countries have intensified. For example, negotiations are underway to open Indian chain stores in Russia [and to] increase the share of Chinese cars, equipment and hardware on our market."

In June, Putin also accused the West of ignoring"the basic principles of [the] market economy" such as free trade. "It undermines business interests on a global scale, negatively affecting the wellbeing of people, in effect, of all countries," he said.

President Xi echoed Putin’s sentiments, according to a June writeup by Bloomberg:

“Politicizing, instrumentalizing and weaponizing the world economy using a dominant position in the global financial system to wantonly impose sanctions would only hurt others as well as hurting oneself, leaving people around the world suffering. Those who obsess with a position of strength, expand their military alliance, and seek their own security at the expense of others will only fall into a security conundrum.”

Today’s article is not behind a paywall, because I believe its content to be too important - but if you have the means and wish to support my work, I’d love to have you as a subscriber:



To: TobagoJack who wrote (190329)7/30/2022 10:30:27 AM
From: marcher  Respond to of 217573
 
--Will Germany fight the good fight, or surrender.--

it's not clear to me what the 'good fight' IS...
and such seems to be intentionally "obfuscate".
so, dunno.
-?-

what do you believe IS to be in this regard?



To: TobagoJack who wrote (190329)7/30/2022 10:43:13 AM
From: Pogeu Mahone  Respond to of 217573
 
Two Suspects in Custody For High Profile Killing Spree

[Suppressed Image]

Two suspects are under arrest after a high profile string of 7-Eleven robberies in the Los Angeles area left two dead and three wounded. The incidents forced nightly closures of the convenience chain in the lawless liberal city.

Suspects in custody

[Suppressed Image]

As reported by CNN, two suspects were arrested Friday “in connection with a string of robberies that left two people dead and three others wounded at convenience stores in Southern California.”

One of the unnamed suspects has been safely booked into Santa Ana’s local lockup but the other tripped and fell or something. That one “was taken to a hospital” for an injury related to a “minor” use of force.

They aren’t saying what he’s being treated for but he’s expected to be hauled over to Santa Ana with his buddy after the doctors get him patched back up.

[Suppressed Image]

That one, LAPD deputy chief Alan Hamilton adds, “may possibly be connected to one homicide and other unidentified crimes in Los Angeles.” He’s not saying anything else about that.

Thanks to the liberal state’s efforts to defund the police and decriminalize crime, violent robbery statistics are going through the roof. Last week’s early morning robberies were the last straw for a fed up community.

[The 7-Eleven corporation was not happy to be selected by violent suspects for cash harvesting “in Santa Ana, La Habra, Brea, Riverside, Upland and Ontario.” Like Starbucks, the convenience chain may be forced to close their stores totally in high crime neighborhoods.

Charges on both suspects are still pending while they sort it all out by matching fingerprints with evidence and things like that. For now, Orange County District Attorney Todd Spitzer promises “to file at least two murder charges against the primary suspect by Monday.”

Six of the robberies specifically targeted 7-Eleven stores “during the early hours on July 11.” That prompted “the company to urge its stores to close as a safety precaution.”

The company breathed a public sigh of relief in a statement noting they “are grateful that the Orange County District Attorney has announced local law enforcement has apprehended suspects related to the recent violent incidents.”

The 7-Eleven corporation was not happy to be selected by violent suspects for cash harvesting “in Santa Ana, La Habra, Brea, Riverside, Upland and Ontario.” Like Starbucks, the convenience chain may be forced to close their stores totally in high crime neighborhoods.

rightwingnewshour.com



To: TobagoJack who wrote (190329)7/30/2022 10:52:30 AM
From: Pogeu Mahone  Respond to of 217573