Plans for a post Bretton-Woods monetary system is underway at the BRICS Summit in Kazan, Russia 🇷🇺 October 22-24.
🔹The joint communique of BRICS 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦🇮🇷🇪🇬🇪🇹 member states support the improvement of the BRICS Contingent Reserve Arrangement (CRA) via envisaging alternative eligible currencies. The CRA is an important mechanism to forestall short-term balance of payments pressures.
🔹Members welcome the BRICS Interbank Cooperation Mechanism (ICM) focus on facilitating and expanding innovative financial practices, including finding acceptable mechanisms of financing in local currencies.
🔹The declaration recognized the widespread benefits of more efficient, transparent, safe, and inclusive cross-border payment instruments based on minimizing trade barriers and ensuring non-discriminatory access (alluding to Russia's exclusion from SWIFT).
🔹BRICS member states strongly oppose and condemn the practice of unilateral politically motivated sanctions that undermine the development of other countries. This was declared in light of October 23rd 2024, when the US 🇺🇸 stated its plans to (illegally) transfer $20 billion to the Kiev regime from the proceeds of Russian sovereign assets blocked by the West.
🔹Iran's president Masoud Pezeshkian called on member states to not continue depending on Western payment systems. This is a big threat," he said and called for "creating alternative possibilities" in this field.
🔹BRICS members support further growth in the number of countries - shareholders of the New Development Bank (NBD) and expedited consideration of applications from association members.
🔹Russia signs agreements with China 🇨🇳 and South Africa 🇿🇦 on credit lines in national currencies.
🔹BRICS countries intend to increase the turnover of precious metals between the member states.
🔹BRICS members agree to take joint measures to oppose unilateral protectionist measures not compliant with provisions of the WTO.
🔹Egypt 🇪🇬 attaches great importance to the transition to financial settlements in national currencies within the BRICS group.
🔹 Russian President Vladimir Putin has proposed a BRICS investment platform to assist the economic growth of member countries and the development of the Global South and East. Partner countries would benefit from a significant increase of investment in areas such as technology, education, trade, and logistics.
Video Source: RT
Yanis Varoufakis (former Greek Minister of Finance) describes AI as a new form of capital that produces not goods, but behavioral modification. This is achieved by engineering perceptions.
The answers provided by ChatGPT, or the images rendered by StableDiffusion — as these increasingly inform our perceptions, they in turn define the reality we experience.
This is what makes AI so powerful — he who controls the AI, defines the reality of tomorrow.
⚡️🇺🇸 Some more things coming out for the 2026 National Defense Authorization Act (NDAA).
Under the preliminary drafts of the bill, the USAF is requesting a release of $57,000,000 USD ($57.0 Million) to retire all remaining 162 A-10 Thunderbolt IIs in current service. Apart of the 2023 NDAA, there was a clause for a few million dollars to be released every so often to gradually retire the (then) 250 airframes by 2034; however due to the push by the Dept of Defense to ‘shed’ obsolete or obsolescent airframes that cannot be overhauled or upgraded further without a whole new airframe, it appears the USAF wants to retire all 162 remaining A-10s by the end of 2026.
The USAF plans to fully divest the 340-total remaining A-10s entirely, including those that currently serve in a handful of Air National Guard units in some states; which will be replaced by F-15EX Eagle IIs (like what is already happening with the Michigan State Air National Guard’s A-10s), or F-35A/Bs.
Included ...
My older sister lives in the country in between Velma Oklahoma and Duncan Oklahoma near the Fuqua Lake area, this story was told by a rural mail delivery woman who delivers the mail in the country.
The incident happened while she was on her route, when she came upon to the mailbox a male Chinese nation came out brandishing a, AK-47 rifle being very hostile,
I don't know if he pointed it at her since it is against the law to do so but she was terrified and said she was never going back and that the location that had a guard tower. Was the sheriff department notified, I don't know, did she notify her supervisor, don't know. But word is from the country folk who live in the area they have seen the guard tower at the pot place;
I refuse to call it a farm because it is an insult to farmers.
And yes she was traumatized by that ordeal