Free Republic

The New York Times reported Thursday that the Biden administration is considering allowing Ukraine to use NATO-provided long-range precision weapons against targets deep inside Russia. Such a decision would put the world at greater risk of nuclear conflagration than at any time since the Cuban missile crisis. At a time when American leaders should be focused on finding a diplomatic off-ramp to a war that should never have been allowed to take place, the Biden-Harris administration is instead pursuing a policy that Russia says it will interpret as an act of war. In the words of Vladimir Putin, long-range strikes...

U.S. Secretary of State Antony Blinken probably discussed China's involvement in the de-dollarization movement during his recent visit to that country, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. China, Maguire says, may have as much as 40,000 tonnes of gold is its "shadow" banking system, ready for use in the gold-linked international trade currency being prepared by the BRICS nations and Russia. Mainstream financial news organizations, Maguire says, still don't understand that the classification of gold as a "Tier 1" asset by the Bank for International Settlements has triggered the...

https://www.youtube.com/live/qQo4CxbE5mg?si=ROEVgyyAuwrS4kzC Is America Heading for a National Reckoning?

Turkey has formally requested to join the BRICS group of emerging economies, Bloomberg cited informed sources as saying on Monday. Ankara "seeks to bolster its global influence and forge new ties beyond its traditional Western allies," the sources said. President Recep Tayyip Erdogan believes “that the geopolitical center of gravity is shifting away from developed economies" and that the push to join BRICS "reflects its aspirations to cultivate ties with all sides in a multipolar world, while still fulfilling its obligations as a key member of NATO."Image source: XTurkish Foreign Minister Hakan Fidan said in early June that BRICS serves...

Following its stress test earlier this year, the Federal Reserve Board on Wednesday announced final individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The table shows each bank's common equity tier 1 capital requirement, which is made up of several components, including: The minimum capital requirement, which is the same for each bank and is 4.5 percent; The stress capital buffer requirement, which is based in part on the stress test results and is at...

Palestine officially announces it will apply to join BRICS.

After not adding any new members for 13 years, the non-Western international group welcomed Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates last August. The floodgates have since been opened: In February, South African Foreign Minister Naledi Pandor claimed that over 30 nations now want to join the international group. Malaysian Prime Minister Anwar Ibrahim has been vocal about wanting to join the bloc, lobbying Russian, Chinese, and just this week, Indian officials about Malaysia’s application. Thailand also submitted a formal application to join the bloc last June, and officials hope that the Southeast Asian country will be...

Central banks and finance ministries of all BRICS nations are discussing the launch of a new payments platform that would circumvent the US dollar, according to a new report. According to Russian government-backed media publication Tass, Russia’s Federation Council Speaker Valentina Matviyenko told a press conference that a standalone payment system dubbed the “BRICS Bridge” is gaining support.

When German-born Kim Dotcom talks about "the US", he sounds like me talking about "the Globalists". Speaking on the The Alex Jones Show, Kim says that the US is leading the world into a nuclear war, to avoid facing up to its crimes. He says the an asset-based BRICS currency would be preferred for trade by virtually every country over the US dollar, where you risk being impetuously sanctioned over some BS that isn't even true. Kim says, "My big worry is that, you know, once the realization sinks in that this is not reversible, that Russia and China are...

The BRICS alliance kick-started the de-dollarization agenda to bring the US dollar down from the world’s reserve currency status. The bloc initiated multiple policies to hamper the USD’s growth and make local currencies the center of all transactions. The de-dollarization program was started in 2022 after the US placed sanctions on Russia for invading Ukraine. The US dollar remains the world’s de facto currency for trade despite BRICS indulging in de-dollarization practices. Their policies did little to nothing to bring the US dollar down and the USD currency maintains its worldwide supremacy. A new study from the Atlantic Council’s GeoEconomics...

This month, rumors about the petrodollar have spread like wildfire all over the Internet. Some of what is being said is true, and some of what is being said is false. When other sources were reporting on “the death of the petrodollar”, I was asked why I was not writing about it. Well, the truth is that I was not writing about it because the petrodollar is not dead. It is certainly in trouble, but it is not dead. Today, most oil continues to be sold in U.S. dollars, and most global trade continues to be conducted in U.S. dollars....

(Kitco News) – The Central Bank of Russia (CBR) shocked international markets and their own financial institutions on Thursday when it announced that China’s yuan would replace the U.S. dollar as the benchmark for all currency trades in the country. The announcement was one of several issued by the CBR during a frantic day of activity that saw the Moscow Exchange (MOEX) suspend trading in dollars and euros following a new series of U.S. sanctions in response to Russia's ongoing invasion of Ukraine.

On those bleak corners of the Internet that fret about economic growth, social cohesion, and other boring stuff, there’s a common question: What the heck happened in 1971? On one chart after another for the United States, there is a pattern of steady growth and improvement in life that suddenly goes haywire right around 1971. Wage growth stagnated for all but the richest Americans. Inequality explodes. Housing prices began a long upward march that has yet to level out. Fertility rates crashed while illegitimacy surged. And so on, and so on. Many other nations have data that tells a similar...

In a rare move, Democrat Sen. John Fetterman (D-PA) is receiving praise from Republicans after criticizing his own party’s stance on several issues. Fetterman has slammed the Democratic Party’s progressive “Squad” who refuse to condemn the Hamas terrorist attacks on Israel. He questioned why the United States hasn’t yet destroyed Hamas, adding that every terrorist killed is "one more step" toward peace. Advertisement The Democrat has stood by his pro-Israel stance, angering members of his party who believe more should be done to help Gaza despite Hamas raping and heinously killing innocent Israelis. “I have a 12-year-old daughter,” Fetterman said....

“Who are we? Who are they really fighting? It’s a group of cowards. They hide in tunnels. They hide behind civilians. They attack, kill, and usually children murder. And they do that. Stop talking about proportion on that. They shot their best shot on October 7th, and they would have taken more lives if they could’ve done that,” Fetterman said in a fiery speech before the group. “But they couldn’t do it. And now let’s also talk about that. Now we’re talking about genocide. And now South Africa is now bringing that kind of a trial. Maybe South Africa, maybe...

A bulldozer unloads the bodies of Palestinians killed in fighting with Israel and turned over by the Israeli military during a mass funeral in Rafah, Gaza StripThe first hearing in a landmark lawsuit against Israel enters its second day on Friday at the Hague-based International Court of Justice (ICJ). The case, filed to the top UN court by South Africa last month, claims Israel's siege of Gaza amounts to genocide and breaches the post-Holocaust 1948 Genocide Convention. The Convention gives party countries, which include both Israel and South Africa, the collective right to prevent and stop crimes of genocide. Such...

South African politician Julius Malema, the president of the Economic Freedom Fighters party, said in a speech delivered at an October 23, 2023 protest outside the Israeli embassy in Pretoria and aired on SABC News (South Africa) that there is nothing wrong with what Hamas did. He said that there is no difference between Nelson Mandela and other anti-Apartheid activists and Hamas, as they all took up guns to fight for their people. Malema said that when people are oppressed, they must stand up for their freedom, and “shoot to kill,” not kiss their enemy. He vowed that when his...

Julius Malema has repeatedly called for the genocide of the 4 million Whites living in South Africa. Malema could very possibly be elected as Prime Minister in a few months. Zero international outrage.

JOHANNESBURG — Lungile Khoza is at her wits' end. The mother of four has been without water at her home for three weeks, the kids are dehydrated and sick, and she can't run her small hair salon so she's losing money. Khoza, 37, lives in Soweto, a sprawling township of Johannesburg, which is among the areas worst hit by a water crisis in the city. She says there are sometimes government trucks distributing water, but it often runs out before you make it to the front of the line. Then she says, the water seems to cause stomach problems for...

For a moment, there was so much hope. 0:04 Apartheid was over. 0:05 South Africa had, for decades, essentially operated as two different nations superimposed 0:10 on the same landscape. 0:12 There was the white nation—wealthy and westernized—boasting a similar, if not higher standard of living 0:18 to that of Europe due to its similarly strong and diversified economy. 0:22 Then there was the black nation—impoverished and excluded from that wealthier white nation 0:27 by a legally enshrined system of segregation. 0:30 It felt like Europeans had just built an insular outpost in Africa—that’s to say, it felt 0:36 like...