Brazil’s president has blasted the monstrous role of the US dollar in the global economy during a formal visit to China after the two nations forged a recent pact to replace the dollar with their own currencies in trade deals.
"Why should every country have to be tied to the dollar for trade? Who decided the dollar would be the world's currency?" asked President Luiz Inacio Lula da Silva at a Thursday ceremony in China’s largest city and global financial hub, Shanghai, to inaugurate his political ally Dilma Rousseff as president of the New Development Bank set up by the BRICS member nations -- Brazil, China, Russia, India and South Africa.
"Why can't a bank like the BRICS bank have a currency to finance trade between Brazil and China, between Brazil and other BRICS countries? Today, countries have to chase after dollars to export, when they could be exporting in their own currencies," added visiting Lula, who is currently touring China aiming to further expand ties with his country’s top trading partner.
The 77-year-old president, who is due to meet with his Chinese counterpart Xi Jinping in Beijing on Friday, intends to reposition Brazil as a global go-between and deal broker, spreading a message that "Brazil is back" as a key player on the global stage.
Lula’s administration declared last month that China and Brazil had reached a deal to trade in their own currencies, ditching the US dollar as an intermediary.
Under the currency deal, Brazil and China named two banks – one in each country – to conduct their massive trade and financial transactions by directly exchanging yuan for reais and vice versa, rather than going through the dollar.
China is Brazil's biggest trading partner, with a record $150.5 billion in bilateral trade last year.....more below
While trafficking young girls, he was also part of an effort to export military-grade systems to governments around the world
Rachel Marsden
By Rachel Marsden, a columnist, political strategist, and host of independently produced talk-shows in French and English.
rachelmarsden.com
When I first moved to New York, I walked into my new dentist’s office and genuinely wondered whether I’d accidentally wandered into a Victoria’s Secret audition.
The waiting room was full of stunning young women. Eventually I learned the dentist shared space with a modeling agency. You couldn’t tell who was getting veneers and who was getting a contract until you were halfway down the hallway.
Jeffrey Epstein’s life operated on the same architectural principle: two businesses shoved into one building, one involving underaged girls, the other involving powerful political figures, including some tied to the Israeli government. Not exactly whitening trays and catwalks, but equally disorienting.
...
The bloc wants to use the funds to back a “reparation loan” to Ukraine
US officials want the EU to return Russia’s frozen assets once it signs a peace deal with Ukraine, contradicting the bloc's plans to use them to finance Kiev, Politico reported on Tuesday, citing diplomats.
EU leaders want to issue a €140 billion ($160 billion) “reparations loan” to Kiev using frozen Russian funds as collateral, despite opposition from bloc member Belgium, which has repeatedly warned that the scheme carries financial and legal risks.
According to the outlet, American officials told the EU’s sanctions envoy, David O’Sullivan, during a visit to Washington this summer that they planned to return Russia’s frozen assets after a peace treaty is concluded.
Under the purported US 28-point peace plan leaked to media in November, $100 billion in frozen Russian assets would be invested in American-led “efforts to rebuild.....more below
Paris has authorized the use of private military companies to provide assistance to third countries, the SVR noted
France is still exploring ways to directly involve itself in the Ukraine conflict, Russia’s Foreign Intelligence Service (SVR) has said, citing a new government decree that authorizes the use of private military companies to assist foreign states engaged in armed conflict.
The agency claimed there is little ambiguity about which country France has in mind, given its sustained backing of Kiev. It argued that Ukraine’s mobile air-defense units and limited Western aircraft cannot fully counter Russian strikes, and that operating French-made Mirage fighter jets and other advanced systems requires expertise Ukraine does not possess.
The SVR stressed that the presence of French private military companies in Ukraine under the guise of “reference operators” would be regarded by Moscow as direct engagement by Paris in hostilities. It has also warned that such personnel ...
