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What does Andy make of this summit location?
- Thread starter Amphius
- Start date
Forget the Summit in Kazan
... for real? ... Ministers of Finance and CB governors meeting in Washington, DC?? Why???-- I can't say that that gives me good vibrations ...
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The April meeting is to clarify the new rules as a fait accompli. He who has the gold makes the rules. The BRICS summit in Kazan in October is to roll out the new BRICS intergovernmental settlement currency.
The BIS will make new regulations consistent with trading with the BRICS nations. Whether this impinges on the cabal and their goal to capture the entire world economy is an open question.
As Andy says "got gold".
The BIS will make new regulations consistent with trading with the BRICS nations. Whether this impinges on the cabal and their goal to capture the entire world economy is an open question.
As Andy says "got gold".
So pretty much "in your face" to DC and the Western banking / SWIFT system? As in, "this is how it's going to be, we need to work out the details as they pertain to you, and you need to deal with it" ...
I didn't know they felt quite that confident about going head to head vs the hegemonic system, on enemy territory, and before Kazan. Interesting.
And coming soon ... to the (?former) military head of the Hegemon's Triumvirate of Independent City-States.
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I wonder if, before they go to Washington (including the Russian and Chinese delegations), they will arrange a much higher gold price to put the PR wind in their sails, so they can visit as quasi-conquerors rather than supplicants.
Sticking points:
1) Legal agreements controlling trade;
2) Mutual, independently verified audits, where physical metals match blockchain records;
3) Suspension or ejection of any country in breach of the agreements.
This flushes out the reality of what metals are actually held where & when, now that ‘my word is my bond’ is replaced by the trustless blockchain.
The change in how countries regard themselves and each other may be the most difficult to make: the days of supplication are over.
Hence no agreement is also possible.
1) Legal agreements controlling trade;
2) Mutual, independently verified audits, where physical metals match blockchain records;
3) Suspension or ejection of any country in breach of the agreements.
This flushes out the reality of what metals are actually held where & when, now that ‘my word is my bond’ is replaced by the trustless blockchain.
The change in how countries regard themselves and each other may be the most difficult to make: the days of supplication are over.
Hence no agreement is also possible.
Lozion
Well-known member
This also is in April:
www.theclearinghouse.org
02-09-2023_TCH_Reschedules_CHIPS_ISO_20022_Implementation_April_2024 | The Clearing House
You can get through the paywall with reader view:
And what connection do you see between that and Russia and BRICS+ and their new system? I see China might hook in at some level, but that's only bc they haven't been cut off from SWIFT as Russia has.
I imagine that the west will try to get BRICS to accept their tokenised assets to settle trade deficits, rather than commodity or gold backed tokens. But will BRICS accept them instead of gold-backed tokens?
Swift sets industry up for seamless introduction of CBDCs for cross-border transactions as interlinking solution finds more use cases
Swift sets industry up for seamless introduction of CBDCs for cross-border transactions as interlinking solution finds more use cases | Swift
Collaborative experiments with 38 global institutions demonstrate new use cases for Swift solution across digital trade, securities and foreign exchange Swift solution could enable financial institutions to easily incorporate CBDCs and other digital assets into common business practices...
Lozion
Well-known member
These Swift tests are actually various pilot programs by the BIS's Innovation Hub which supersedes (at least technically) Swift, IMF, Fed, ECB, etc.
All these networks will need a common cross-chain link: Unified Ledger
See here:
www.bis.org
All these networks will need a common cross-chain link: Unified Ledger
See here:
III. Blueprint for the future monetary system: improving the old, enabling the new
A novel type of financial infrastructure could enhance the global financial system, combining tokenised money and assets on a programmable platform.
