WEF in Davos - Mastercard CEO Michael Miebach during a discussion on the future of cross-border payments between nations:
The SWIFT system, long dominated by western interests, might be made obsolete along with the proliferation of digital currencies among central banks.
IMF has been also exceedingly vocal about the need for a global digital currency system in the near future to provide “stability” in the face of national inflationary crisis events.
It seems that western sanctions are only accelerating a global move away from dollar denominated structures, but of course, this may be exactly what global institutions like the WEF and IMF want.
Global economic centralization.
Groups like the IMF and WEF could come to “save the day” by instituting a global basket system, likely under the SDR (Special Drawing Rights) basket, in the name of homogenizing and stabilizing various CBDC markets into a single centralized entity.
Tonight EU-CO agreed a sixth package of sanctions. It will allow a ban on oil imports from Russia.
The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned.
This sanctions package includes other hard-hitting measures:
de-Swifting the largest Russian bank Sberbank,
banning 3 more Russian state-owned broadcasters,
and sanctioning individuals responsible for war crimes in Ukraine
source:
https://www.msn.com/en-gb/news/world/eu-leaders-agree-to-ban-export-of-russian-oil-to-the-bloc-eus-michel/ar-AAXTJmI
and idiot's twatter: https://twitter.com/charlesmichel
The Fed's Consumer Credit report came out last Friday. The increase in $52.43 billion was the biggest jump in history by far. And most of it was credit card spending.
