We know what’s coming and we are prepared.
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
Speaking at the WEF, Savor CEO Kathleen Alexander boasts about how her company is "saving the planet" from the evils of agriculture by replacing real butters and oils with synthetic versions made from carbon dioxide and methane. 😳
"Savor is part of bringing transformation to the food system by re-imagining how we make an entire macronutrient—fats and oils."
"The result is that we can dramatically lower the planetary footprint of our food system."
"Our food system today uses about 50% of the habitable land on the planet. It's 20-30% of our greenhouse gas emissions."
"And we can reduce all of those by 50-100%."
Source
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🔥 Top Stories
• Middle East risk flares — IDF hits Hezbollah sites in south Lebanon; Houthis threaten Saudi assets; France deploys naval/mine-countermeasure assets near Hormuz.
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⛽ Oil & Energy
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🇮🇷🏆🇺🇸 Iran Is a Bigger Defeat Than Vietnam | Foreign Policy
At his second inaugural, U.S. President Donald Trump pronounced his hope “that our recent presidential election will be remembered as the greatest and most consequential election in the history of our country.” By losing his Gulf war, Trump has achieved that goal. His choice to launch a campaign against Iran was encouraged by others, but fully his own. It has led to a reversal that marks a strategic calamity far greater than the U.S. defeat in the Vietnam War.
Defeat in the Iranian war looks, on the surface, nothing like other U.S. military defeats. The speed of the war and its remoteness have lent an air of unreality to the whole endeavor. The White House has not been burned, as it was in 1814; there have not been protests against a nonexistent draft. The absence of substantial U.S. casualties in this conflict also masks the scale of the U.S. defeat. To be sure, the war has been deadly: Thousands of Iranians, ...
According to The Wall Street Journal, Donald Trump reviewed military options for a full-scale war against Iran to “finish the job,” but has decided, for now, not to move forward.
The report says Trump is concerned that renewed military conflict could hurt the chances of a diplomatic resolution and of dismantling Iran’s nuclear program, and that he’s shown willingness to let indirect talks in Qatar run past the August 18 deadline. He is said to be fine with continuing limited strikes on Iranian targets if Tehran violates the current temporary deal - as it already has, repeatedly.
How are those negotiations going?
Not well. It seems JD Vance’s “historic” face-to-face achievement was a one-off. Washington has been quietly downgraded from talking to the Great Satan to negotiating with the Little Satan instead - a senior Qatari official confirmed that U.S. envoys Steve Witkoff and Jared Kushner met Qatari officials in Doha, but there are currently no high-level U.S.-Iran meetings ...
