Russia will create new BRICS Precious Metals Exchange to become ‘key regulator of prices’ – Finance Ministry

Russia has proposed that BRICS member countries create their own precious metals exchange in a move that could upend the long-established international pricing mechanisms for gold, silver, platinum, and other precious metals. The news comes on the heels of Wednesday’s declaration adopted by the leaders of the BRICS countries supporting an increase in the exchange …

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Russia urges BRICS to create IMF alternative

Russia, currently holding the chairmanship of the BRICS group, has proposed the creation of an alternative to the International Monetary Fund (IMF). This move is aimed at countering political pressure from Western nations and establishing a financial system that better serves the interests of BRICS countries. The BRICS group, initially composed of Brazil, Russia, India, …

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US credit card interest rates hit 23.4%, a record high, with debt at $1.36 trillion. Soaring rates and low savings create a perfect financial storm.

With savings rates at near-record lows, you have the perfect storm. ⛈️ https://t.co/3h3h5vXzaP pic.twitter.com/ng2y457iqa — The Great Martis (@great_martis) October 8, 2024 They’ve maxed out their balances. There’s no more pretend money to spend. Credit Card Spending Tanked in August; The American Consumer Tapped Out? How close are Americans to hitting their credit card limits? …

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Saudi Arabia says the want to create the “petroyuan” after Saudi Arabia refuses to accept American plan

🇸🇦 🇺🇸 Saudi Arabia's 50-year-old petrodollar agreement with the United States has expired, with no new agreement in place. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. pic.twitter.com/MxdUn8t2ZP — BRICS News (@BRICSinfo) June 12, 2024 Saudi Arabia’s minister of industry …

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Donald Trump officially announces he will create a government efficiency commission led by Elon Musk to audit US agencies

NEW YORK, Sept 5 (Reuters) – Republican presidential candidate Donald Trump said on Thursday he would establish a government efficiency commission headed by billionaire supporter Elon Musk if he wins the Nov. 5 election, during a wide-ranging speech in which he laid out his economic vision for the country. Speaking at the New York Economic …

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HERE WE GO AGAIN? Will Frivolous Lawsuits Create Another Baby Formula Shortage?

In the U.S., only two companies are permitted to manufacture specialized formulas that meet the very specific needs of premature newborn babies. According to the Wall Street Journal, “These formulas are administered by doctors in the neonatal intensive care units because breast milk alone often doesn’t contain sufficient nutrients to sustain infants with low birth …

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Apple should not create its own Generative AI

by Hairy-Store-8489 2000s there were so many search engines but who won: Google. Why did they win they secured a deal to make Google a default on Apple devices. Apple didn’t spend building and marketing their search engine, they instead made billions from the real estate in everyone’s pockets. I think they should repeat this, …

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Gov. Gavin Newsom faces reckoning with $73B budget deficit lawmakers say he helped create

Democratic lawmakers came to an agreement Friday to reduce the state’s multibillion-dollar deficit by $17.3 billion through a combination of spending cuts, delays and deferrals, a deal reached behind closed doors Republican lawmakers quickly labeled as “gimmicky.” “This most recent deal that he’s touting is all reliant on budget gimmicks, cause shifts and deferrals, which, …

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California Bill Would Create a Legal Right to Ignore Boss’s Emails After hours

via Mike Shedlock California Progressives seek a right ‘Right to Disconnect’ from corporate communications during nonworking hours. Right to Disconnect Please note that a California proposal would guarantee a Legal Right to Disconnect. The Assembly bill would grant employees a legal right to ignore an employer’s communications during “nonworking hours” except for emergencies or work scheduling. …

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Nonsense of the Day: BRICS to Create a New Credit Rating Agency

via Mike Shedlock: Let’s discuss the latest BRICS silliness starting with the definition of BRICS. BRICS++ Economic Trading Block The term BRIC stand for Brazil, Russia, India, and China, a group of countries that have little in common other than seeing an alternative to the US dollar for international trade. The group added an “S” for …

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Argentina to Permit Provinces to Create Own Currencies

By Martin Armstrong COMMENT: It is apparent that you are advising Argentinian President Javier Milei on economic theories. You said at the WEC that we would eventually see local currencies. If you are not informing him directly, they attended the WEC. He even warned about irresponsible provinces resulting in inflation. That is what you explained. DA …

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UAE, Jordan, Saudis, & Bahrain Create Alternate Shipping Route to Israel, Bypassing Red Sea Shut Down

Breaking: Friends of Israel (Emirates, Bahrain, Saudi Arabia and Jordan) opened a new passage to deliver goods to Israel, replacing the Red Sea. 🚨🇮🇱 Breaking: Friends of Israel (Emirates, Bahrain, Saudi Arabia and Jordan) opened a new passage to deliver goods to Israel, replacing the Red Sea.🥰 pic.twitter.com/QKBgvfMDRC — Terror Alarm (@Terror_Alarm) December 16, 2023 …

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Parents furious after boys create fake AI nudes of teen girls.

MIAMI – Parents from one Southwest Miami-Dade school are outraged after artificial intelligence technology was used to put their daughters’ faces on naked bodies. Two boys are suspended at Pinecrest Cove Preparatory Academy, accused of creating nude photos of classmates using artificial intelligence. “Even just my little girl alone, you know like much of the rest of the …

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Following conflicts in Ukraine and Gaza, Armenia warns to create third war front.

Bloomberg: Azerbaijan Warns of War Risks From Weapons Supply to Armenia Azerbaijan’s President Ilham Aliyev on Wednesday warned France and India against providing Armenia with weapons he deems a threat, saying such supplies could trigger a new war in the region. Azerbaijan “will have to react to protect its people” should Armenia start receiving “serious …

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One of the biggest risks in life is depending on only one source of income — It’s more important than ever to create multiple streams of income

by TonyLiberty “Job security” is an illusion created by corporations — A company’s only concern is how much money the company can make. Companies are not “families”, they’re businesses, and their goal is to make as much money as possible. If they can make more money by laying you off, they will. One of the …

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CNN aims to create personalized newscasts using AI.

Standing in what appears to be a modern newsroom, the business correspondent breaks down the earnings report from Disney, highlights subscriber growth at its streaming services, and revenue at its theme parks. Rattling off stats and figures as images of Mickey Mouse and Disney+ fill the screen, a user might not think twice about the …

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Do You Know About The 3 Eclipses That Will Combine To Create A Giant “Aleph” Over America?

by Michael I am about to share something with you that is truly remarkable.  The paths of three eclipses will combine to form a giant “Aleph” over America, and hardly anyone knows about this.  Of course the Aleph is the first letter in the Hebrew alphabet.  The second letter in the Hebrew alphabet is Bet.  …

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Here Ya Go: Stoltenberg: “We will create a NATO-Ukraine council”

Clever way to dance around the rules Stoltenberg: We will create a NATO-Ukraine council, expecting Ukraine to eventually become a member of the alliance The council will become "a crisis management and decision-making platform". “ All its participants will speak on an equal footing and share common problems ,”… pic.twitter.com/k9RYR6ChHX — Sprinter Press (@SprinterPress) July …

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Gary Gensler: ” investing in a levered single-stock ETF may create exposures for investors that in many ways resemble buying shares on margin. Further, investing in an inverse single-stock ETF is meant to be similar to shorting a stock.” “they are not necessarily right for every investor.”

by Dismal-Jellyfish Source: https://www.sec.gov/news/speech/gensler-prepared-remarks-iac-06222023 Highlights: The use of predictive data analytics, however, also can lead to potential conflicts. Conflicts may arise to the extent that advisers or brokers are optimizing for their own interests as well as others. I have asked the staff to make recommendations to the Commission for potential rulemaking on these matters, …

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Michael Hudson Master Class on Dollar Hegemony: “US Treasury doesn’t have to borrow from US investors – it doesn’t have to create money itself…”

“The larger the US balance of payments deficit is, the more it spends militarily and politically around the world, the more foreign central banks end up financing the domestic budget deficit so that the US Treasury doesn’t have to borrow from US investors – it doesn’t have to create money itself… Well, that means that …

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Scientists create synthetic human embryos from stem cells, without an egg or sperm

OH BOY! The possibilities are now endless!!! In a groundbreaking development, scientists have created synthetic human embryos from stem cells, without using sperm or eggs. The advance was described by Prof. Magdalena Żernicka-Goetz, of the University of Cambridge and the California Institute of Technology, during an address at the annual meeting of the International Society …

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