Shared Interests
The Foundation for a New Global Financial System
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Have you ever heard of the term, ‘Shared Interests?’
Trump used that term in describing Putin and Russia at their press conference in Helsinki, Finland, where Putin handed Trump a soccer ball and said the ball was now in Trump’s court.
Trump used that term specifically because he was sending a message to the world that a coalition was forming. At that time, the media was doing a full court press on Russian collusion, while painting Putin as our enemy and desperately trying to get Trump to confront him on election interference.
Instead of Trump calling Putin an adversary or enemy, he called him a competitor and he used that term for a good reason: it triggered the media and just about everyone else at the time, but competition is a good thing. Competition can spur innovation, efficiency and achievements never thought possible.
So why did Trump call Putin a competitor?
According to RT News:
Donald Trump has touched upon his much-anticipated meeting with Vladimir Putin, saying the Russian president is not an enemy but a competitor who may turn into a friend in due time.
“I hope we’ll get along well, I think we get along well,” US President Donald Trump told a news conference on Thursday on the sidelines of NATO summit in Brussels.“But, ultimately, he’s a competitor, he’s representing Russia and I’m representing the United States.”
“He’s representing Russia and I’m representing the United States.”
Leaders have a responsibility to represent the people of their nation and also to promote what is best for them.
That’s how it’s supposed to be.
The world hasn’t been like that in a long time, but things are about to change.
Here is a great quote by Trump from that Helsinki press conference shared by VOX:
“The disagreements between our two countries are well-known. President Putin and I discussed them at length today. But if we’re going to solve many of the problems facing our world, then we’re going to have to find ways to cooperate in pursuit of shared interests. Too often, in both recent past and long ago, we have seen the consequences when diplomacy is left on the table. We have also seen the benefits of cooperation. In the last century, our nations fought alongside one another in the second World War. Even during the tensions of the Cold War, when the world looked much different than it does today, the United States and Russia were able to maintain a strong dialogue.”
Cooperation in the pursuit of Shared Interests
That is the key:
Pursuit of Shared Interests.
I would like to make a small distinction between terms: I think there is a difference between Shared Interests and Common Interests.
Common Interests are simply things people or countries might have in common. I would argue that the whole world has a Common Interest to be free of the corrupt global central banks debt system as a collective.
But I think the countries that have formed BRICS, along with Trump and those wishing to join, are actually pursuing a Shared Interest; they are cooperating in an actual plan of action to remove and replace this global debt system.
What is the plan and why was it necessary?
The puppet masters who have controlled the global financial system have used it to make themselves wealthy and more powerful, but they’ve also used it for two other important reasons that led directly to the forming of the BRICS coalition.
First, they use the institutions of the global financial system to keep many developing countries trapped in perpetual poverty, especially those rich in natural resources. They then bribe and corrupt their governments so they can steal their resources for much less than they are worth.
Secondly, they use sanctions to deny or limit access to financial institutions in order to punish countries that haven’t played by their rules.
Sanctions are used like a weapon, to limit trade, access to credit and ultimately damage a country’s economy to force compliance.
The reason BRICS formed in the first place was so they could escape this cabal-controlled system and avoid sanctions.
The very first BRIC summit happened in 2009 and was hosted by Russia. There were only four countries at that time: Brazil, Russia, India, China.
It was happening in the aftermath of the 2008 housing bubble that had burst and crashed global markets, causing a credit crisis that effected the globe. The cabal took advantage of that crisis to gain even more control over the world’s financial system as they also enriched themselves.
But this crisis turned out to be the catalyst that motivated these four countries to finally do something. They decided it was time for change and committed to cooperate with each other to create an alternative financial system.
According to the New York Times:
YEKATERINBURG, Russia — Leaders of the four largest emerging market economies discussed ways to reduce their reliance on the United States at their first formal summit meeting on Tuesday. But they concluded with only a cautious statement suggesting a move away from the dollar’s role in global commerce and a call for greater representation of developing countries in global financial institutions.
Russia’s president, Dmitri A. Medvedev, said the main point of the meeting was to show that “the BRIC should create conditions for a more just world order.”
“There can be no successful currency system, and particularly a global system, if the financial instruments that are used are denominated in only one currency,” Mr. Medvedev said. “Today, this is the case and the currency is the dollar.”
Having the entire global financial system centered around one currency not only gives that country a complete advantage, but also makes it easier to control every aspect of the world’s financial system.
The dollar has been one of the cabal’s greatest weapons for several generations. It gives them commanding control over other countries and their economies, allowing them to decide the winners and losers.
This is what the BRICS are fighting for: The de-dollarization of the global financial system and freedom.
How dominant is the dollar’s global reserve currency status?
It gets the highest weight in the SDR (Special Drawing Rights) basket of currencies. (Most influential)
a) SDR-An international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries
It’s the dominant currency used for international trade.
It’s the leading currency used in the global financial infrastructure.
a) financial infrastructure enables money to move throughout an economy, functioning as a platform for transactions, whether these are payments, financing, or the transfer of bonds and stocks.
It sets the price for major global commodities, especially oil and gold.
It is the main currency used for development financing, bank deposits and corporate borrowing around the globe. (Bonds)
It is the primary currency used for investing in global equity markets.
Finally, it is also the primary safe-haven currency in times of economic and financial crisis.
Can you see why these countries with emerging economies would want to get out from under the complete control of the U.S. dollar?
They needed a new system that wasn’t controlled by a cabal of elites. One that was fair, more autonomous and that would allow their economies to grow.
“Autonomous” is another key to this whole plan.
autonomous
adjective
Not controlled by others or by outside forces; independent.
Independent in mind or judgment; self-directed.
Independent of the laws of another state or government; self-governing
Self-governing
This is why Trump called Putin a competitor, and said that “he was representing Russia and I’m representing the United States.”
They have a Shared Interest in cooperating to achieve independence from the central banks, so they can become self-governing.
BRICS are now competing with this global debt system. They are laying the foundation for a new global financial system that will give countries more autonomy over their own economies for the benefit of their people. That is the Shared Interest that these leaders, along with Trump, are fighting for.
According to the press statement following the first ever BRIC summit:
We agreed that we will coordinate our work in this area, discuss all of the most complex questions, and discuss the parameters for a new financial system. We will give instructions accordingly to our finance ministers, the chairmen of our central banks, and directors of other relevant agencies, and they will meet and draft proposals that we will then study most carefully. If these proposals are approved, we will see that they are implemented.
The BRIC summit aims to create the conditions for building a fairer world order and to create a favourable environment for resolving global problems.
‘Working in coordination to build a new financial system and a fairer world order.’
That was the original objective of BRICS, which began a new system to COMPETE with the global debt system. They are attempting to build a parallel global financial system with currencies and institutions that are competing with the central bank debt system and the dollar.
Why were sanctions the catalyst?
All four of the original BRIC countries had faced US sanctions at one time or another and for various reasons. After the global crisis in 2008, they were motivated to reduce their dependence on the dollar in order to reduce their currency and sanctions risk.
I believe the Ukraine war was always part of the plan and was timed to happen during Biden’s watch. It’s a war over control. It’s not a fight for territory in Ukraine; it’s a fight for control of the global financial system. It’s a proxy war between the Rothschilds controlled central banks system and the BRICS.
Why were sanctions the key?
Sanctions have always been used as a weapon by the cabal. It was no surprise when they sanctioned Russia for their invasion of Ukraine. Putin, Trump and the BRICS nations were all expecting it. They have been preparing for this moment for a long time.
How are sanctions used to control governments?
According to the New York Times:
The European Union, the United States and the United Kingdom have imposed harsh economic penalties on Russia, sanctioning hundreds of wealthy citizens and government officials and largely cutting the country off from the international financial system. They also vowed to stop sending advanced technology and banned Russian airlines from flying to the West.
They cut Russia off from the international financial system—systems like SWIFT, along with Visa/Mastercard transactions in order to hurt their economy and energy exports.
What has Putin done to counter this predictable cabal move?
Russia created their own system to compete with SWIFT.
According to Times Of India:
SWIFT, which stands for ‘Society for Worldwide Interbank Financial Telecommunication,’ is not a financial institution but rather a global messaging system relaying instructions from one bank to another. In 1973, over 200 banks from 15 countries got together and created a co-operative to solve the problem of communicating to each other about cross-border payments. So, SWIFT is not a payment system at all and cannot actually move money; what it does do is offer a secure platform to communicate payment instructions from one bank to another.
In 2014, the Central Bank of Russia created its own messaging system— System for Transfer of Financial Messages (SPFS)— to replace SWIFT. As of 2020, SPFS traffic stands at 13 million messages, while more than 400 financial institutions are a part of Russian SPFS. To attract new members, the central bank has slashed the system’s tariffs to about half of SWIFT’s charges—and in 2019 the Accounts Chamber proposed obliging all banks operating in Russia—including the subsidiaries of foreign banks—to connect to the Russian analogue.
Russia created their own National Payment Card System.
According to Russia Beyond,
In 2014, after Crimea voted to join Russia in a referendum, the National Payment Card System (NPCS), the operator of ‘MIR’ cards, was created. The word “mir” means “world” or “peace” in English. It was created in case of a disconnection of cards from international payment systems. Even then, budget organizations began to gradually abandon payments to Visa and Mastercard cards. Pensions, social benefits and salaries to employees of budgetary organizations began to be transferred to ‘MIR’ payment system.
Russia is using their (SPFS) messaging system and their (MIR) National Payment Card system to connect directly with the other BRICS nations and trading partners to bypass the cabal’s sanctions.
Has it worked?
How’s this headline?
According to the liberal Toronto Star:
Remarkably, the Russian economy is expected to grow faster this year than the economies of alliance partners Germany and the U.K.
That recent forecast, by the International Monetary Fund (IMF), also predicts that Russian economic growth will outpace that of all G-7 economies next year. The IMF forecasts GDP growth in 2024 of 2.1 per cent for Russia, 1.5 per cent for Canada, and 1.0 per cent for the U.S.
How is that possible, when the external pain inflicted on Russia’s economy has no modern precedent in its scope, speed and coordination?
Russian trade has massively increased to several countries to make up for the lost trade due to sanctions and many countries are ignoring the sanctions altogether.
The BRICS are bypassing the cabal’s stranglehold of the global financial system.
How has President Xi prepared for this moment?
Xi launched the Belt and Road Initiative.
Our right-side media have constantly painted this as a bad thing, saying China is taking advantage of countries by putting them in debt, so they can steal their assets and commodities.
Isn’t that what the central banks have been doing to these developing countries for many generations? Putting them in debt, then taking their resources for less than they are worth?
China, on the contrary is actually helping to build transportation infrastructure, in order to promote trade for the future. Do you realize how important that is for developing countries to escape poverty?
The World Bank used to do that, but doesn’t do much infrastructure investing anymore. Belt and Road is going to help increase trade for these developing countries to help them in the future.
According to Brookings:
Despite the name, the program is global, not confined to the specific corridors. It is primarily a program to fund infrastructure. About two-thirds of the financing goes to power and transport. Total funding has been on the order of $50-100 Billion per year.
There’s a direct correlation between lack of trade and poverty among nations. This is a global war against a cabal of bankers and elites who have been the ones creating the poverty around the world. Trump, along with Xi and the rest of the coalition are fighting for humanity and financial freedom.
Speaking of infrastructure spending ..
NDB (New Development Bank)
The BRICS launched the NDB specifically for funding infrastructure projects in emerging and developing countries. The most important thing about this bank is that it promotes loans in local currencies to avoid the dollar control over all financing, in order to allow countries to have more autonomy.
According to the BBC:
The creation of the BRICS bank will almost surely create competition for both the World Bank and other similar regional funds.
BRICS nations have criticised the World Bank and the International Monetary Fund for not giving developing nations enough voting rights.
One of the goals for the bank—whose creation has been discussed for some time—would be to increase the amount of money loaned to developing countries to help with infrastructure projects.
China launched its own alternative to SWIFT called CIPS (Cross-Border Interbank Payment System).
This Chinese payment system is being used in far more countries than the Russian version because of the Belt and Road Initiative.
According to Reuters:
What is CIPS?
Backed by the People's Bank of China (PBOC), China launched the CIPS clearing and settlement services system in 2015 to internationalise yuan use. It allows global banks to clear cross-border yuan transactions directly onshore, instead of through clearing banks in offshore yuan hubs.
Who uses CIPS?
CIPS processed around 80 trillion yuan ($12.68 Trillion) in 2021, a 75% increase from a year ago, according to state-backed newspaper Jiefang Daily. As of end-January, CIPS said about 1,280 financial institutions in 103 countries and regions have connected to the system.
They include 30 banks in Japan, 23 banks in Russia and 31 banks from African nations receiving yuan funds via infrastructure projects under Beijing's Belt and Road Initiative, according to a survey by Nikkei newspaper in 2019.
China created a direct payment system with Russia, which allows them to trade and completely bypass the Petro-dollar.
According to Global Research,
This week it was announced that China has established a ‘payment versus payment‘ (PVP) system to clear Chinese yuan and Russian ruble transactions. The aim, we’re told, is to “reduce risks and improve the efficiency” of its foreign exchange system.
The new mechanism, which could rival the long-held monopoly of the US SWIFT inter-bank payment system (allowing for simultaneous settlement of transactions in two different currencies) was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system.
However, financial oligarchs in Wall Street will view this move as an act of aggression in challenging the preeminence of the US dollar as the planet’s global reserve currency, which is inextricably tied and nearly completely dependent on the US ‘Petrodollar’ to prop-up the value of the US fiat currency.
China launched this direct payment system back in 2017, right before Trump made his visit to China and had dinner with Xi in the Forbidden City. A direct payment system between the second largest oil exporter and the largest oil importer, which avoided the Petro-dollar and any foreign exchange risk.
I don’t remember Trump making a big deal out of this. I think it’s a sign of the future, and a financial system based on commodity backed currencies with direct payments between countries outside of the cabal’s control. Financial autonomy for every country.
How do you directly challenge the Petro-dollar system used to control the world?
The price of oil is set by futures contracts using two benchmarks that the cabal controls.
Brent(UK) Brent Crude Oil; mostly used for diesel.
WTI(US) West Texas Intermediate; mostly used for petrol.
How do you compete with this corrupt system based on fiat dollars backed by nothing?
Offer gold for oil instead of dollars.
Yuan Oil Futures
China is offering to buy oil for gold by allowing them to exchange the Yuan for gold. A new gold standard for the purchase of oil.
We’re going back to a gold-backed currency and Xi has started the ball rolling.
If you are an oil producer, what would you rather receive for your valuable commodity? Gold, or a fiat dollar that is constantly losing its value because of inflation?
This huge news story shouldn’t have surprised anybody.
Saudi Arabia Is Open To Discuss Non-Dollar Oil Trade Settlements
According to OilPrice.com:
Saudi Arabia, the world’s largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar.
Saudi Minister of Finance Al-Jadaan: “I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world.”
During a visit to Saudi Arabia last month, Xi Jinping pledged to ramp up efforts to promote the use of the yuan in energy deals.
The Saudi finance minister announced this in an interview at Davos with no fear of the Soros/Klaus Schwab crowd.
What happened a month before the Saudi finance minister made the announcement that Saudi Arabia was willing to discuss non-dollar oil trade agreements?
China And Saudi Arabia Agree To Boost Oil Trade As Xi Visits Riyadh
From OilPrice.com:
China and Saudi Arabia agreed to expand crude oil trade as the world’s largest oil importer and the top global crude exporter upgraded their relations to a strategic partnership during the visit of Chinese President Xi Jinping in Riyadh.
All of this was predictable. The writing has been on the wall for a long time that Saudi Arabia is moving away from the Petro-dollar.
What was the first big sign?
Back in 2021, Saudi Arabia signed a military cooperation agreement with Russia. That should have told everyone that things have massively changed.
According to Reuters:
Saudi deputy minister of defense Khalid bin Salman said on Twitter on Tuesday that the kingdom and Russia signed an agreement aimed at developing areas of joint military cooperation between the two countries.
This was a huge deal. Remember, the whole basis for the Petro-dollar being the reserve currency and dominating the global debt system was because the U.S. made a deal with Saudi Arabia, guaranteeing the U.S. military would protect them, as long as they only accepted dollars for the price of their oil.
That deal is no longer valuable.
Saudi Arabia is the world’s largest oil producer and the only one that’s propping up the dollar. The days of the dollar’s reserve currency status are numbered. A global dollar dump is coming and it will crash the market. I believe this is the precipice and scare event that has been timed and planned to happen while Biden is president.
A global reset is coming along with a new global basket of currencies that are backed by hard assets and commodities such as gold.
I believe that Trump, Putin and Xi, along with Crown Prince Salman and the BRICS nations are the ones in control, finally putting an end to the world’s financial enslavement. They are bankrupting the central banks global debt system and building its replacement.
In my next installment in this series, I am going to give a glimpse into the new system we are moving into and the personal financial freedoms it will offer. I hope to offer an alternative opinion on the digital currencies that are coming. I believe it will truly give the power back to the people.
The entire banking system is about to change.
The Best Is Yet To Come.
Badlands Media articles and features represent the opinions of the contributing authors and do not necessarily represent the views of Badlands Media itself.
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The petrodollar is like the mob, they get a cut of everyone’s action and nothing gets done without their cooperation.
Incredibly interesting article Joe! I have a question though? Since Brazil was one of the founding members of BRICS when President Bolsonaro was in power, what happens now that the stolen election in Brazil put the corrupt Globalist Luna in power. If Luna is aligned with the Globalist, where does that put Brazil’s support for BRICS? Or is that another story that hasn’t fully unfolded yet?Maybe waiting when the global FIAT markets finally collapse? Just curious.