👤🆗🇺🇸⚙️💛 — 🏴 ZeroHedge | Trump Wants Bitcoin "Made In The USA" After Hosting Mining Industry Heads | June 12, 2024:

"Donald Trump reiterated his support for the Bitcoin mining industry on Wednesday after hosting a meeting with several executives from United States crypto mining firms."

#Geoeconomics

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🇺🇸❌🇸🇦❌🛢❌U.S.-Saudi Petrodollar Pact Ends after 50 Years US-Saudi Petrodollar Pact Ends after 50 Years.

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its roots in the 1970s when the United States and Saudi Arabia struck a deal shortly after the U.S. went off the gold standard that would go on to have far-reaching consequences for the global economy. In the history of global finance, few agreements have wielded as many benefits as the petrodollar pact did for the U.S. economy.

https://www.msn.com/en-us/money/markets/u-s-saudi-petrodollar-pact-ends-after-50-years/ar-BB1o29sn

@FelipeChannel

🇷🇺❌🏧 Multiple source report that various major Russian banks are preventing clients from logging in

Russian banks are trying to prevent people from withdrawing all of their savings.

These include Rosbank, Gazprombank and also the Moscow Exchange is preventing people from logging in.

@FelipeChannel

🇪🇺🤝💰 IOTA identification solution to make KYC Web3 compatible has been accepted to the European Regulatory Sandbox by the European Commission

The Web3 Identification Solution built by the IOTA Foundation, walt.id, IDnow, Bloom Wallet, and HAVN, has been selected for this year’s European Blockchain Sandbox. The solution tokenizes all kinds of identification processes, enabling users to verify their identity in Web3 environments while maintaining control over their personal information.

https://blog.iota.org/iota-web3-id-solution-sandbox/

@FelipeChannel

🇺🇸🤝🇺🇦 BLINKEN: Today, Biden and Zelenskyy will "sign an agreement between the United States and Ukraine, a bilateral security agreement. What that means...is that we’re committing to support Ukraine as it builds up its defenses for the next 10 years."

https://x.com/DailyCaller/status/1801271544301097339

@FelipeChannel

🇷🇺❌🛢 Putin extends retaliatory measures against oil price cap until end-2024

Russian President Vladimir Putin has extended retaliatory measures against a price cap on its oil imposed by Western countries until the end of 2024, according to a decree published on the government's website on Thursday.

The decree had previously been enacted until June 30, 2024.

The Russian government has banned domestic oil exporters and customs bodies from adhering to Western-imposed price caps on Russian crude.

https://www.reuters.com/markets/commodities/putin-extends-retaliatory-measures-against-oil-price-cap-until-end-2024-2024-06-13/

@FelipeChannel

🇪🇺❌🇭🇺 European Court of Justice fines Hungary 200 mil. Euros with an additional 1 mil. EURs added for each day past the deadline over Budapest's refusal to take in migrants.

The dispute dates back to December 2020, when the court first ruled that Hungary, under Prime Minister Viktor Orbán, had limited access to asylum procedures for those seeking international protection in the country, making it "virtually impossible" to file applications. The Hungarian authorities were also censured for unlawfully keeping asylum seekers in so-called "transit zones" under conditions that amounted to detention and violating their right to appeal.

This "systematic" practice, the court said back then, also involved police officers forcibly escorting third-country nationals that had arrived illegally in Hungary to the other side of a fence erected a few metres from the border with Serbia, "to a strip of land devoid of any infrastructure."

The judges conclude that Hungary is "disregarding the principle of sincere cooperation" and "deliberately evading" the application of the bloc's asylum legislation, which has ripple effects on the borderless bloc.

"That conduct constitutes a serious threat to the unity of EU law, which has an extraordinarily serious impact both on private interests, particularly the interests of asylum seekers, and on the public interest," the judges say.

Since Hungary's wrongdoing puts more pressure on nearby member states, who have to take care of the migrants unlawfully expelled by Budapest, the legal breach "seriously undermines the principle of solidarity and fair sharing of responsibility."

Reacting to the news, Orbán described the court's decision as "outrageous and unacceptable."

"It seems that illegal migrants are more important to the Brussels bureaucrats than their own European citizens," he said. (The ECJ is based in Luxembourg)

🔗 https://www.euronews.com/my-europe/2024/06/13/ecj-fines-hungary-with-200-million-over-extremely-serious-breach-of-eu-asylum-law

🇷🇺❌🇺🇸🇬🇧🇪🇺 — 🇷🇺 Dmitry Medvedev on Telegram:

"Here are the new American sanctions. There will be new European ones soon. Do we need to respond to them? It seems not, their number is already measured in tens of thousands. We have learned to live and develop with them.

On the other hand, it is necessary. Not only to the authorities, the state, but to all our people in general. To everyone who loves our Motherland - Russia. After all, they - the USA and their fucking allies - declared war on us without rules!

How to react? I already talked about this once, but it’s worth repeating.
Every day we must try to inflict maximum harm on those countries that have imposed these restrictions on our country and all our citizens. Harm in everything in which harm can be done. Harm to their economies, their institutions and their rulers. Harm to the well-being of their citizens. Their confidence in the future. To do this, we must continue to look for the critical vulnerabilities of their economies and hit them in all areas. Cause damage in all places, paralyzing the work of their companies and government agencies. Find problems in their most important technologies and strike them mercilessly. Literally destroy their energy, industry, transport, banking and social services. Instill fear of the imminent collapse of all critical infrastructure.

Are they afraid of handing over our weapons to the enemies of the Western world? We must transfer to them all possible types of weapons, except nuclear (for now)!
Are they afraid of anarchy and an explosion of crime in major cities? We must help disorganize their municipal government!
Are they afraid of war in space? This means they will receive it too. Let everything stop for them, let everything go bad, let everything go to hell!
Are they afraid of social explosions? Let's arrange them! We need to throw all the most ominous night terrors into their media sphere, use all their terrible phantom pains. No need to spare their psyche anymore! Let them shiver in their cozy homes, let them shiver under the blankets.
Are they yelling about our use of fake news? Let's turn their life into a complete crazy nightmare in which they will not be able to distinguish wild fiction from the realities of the day, infernal evil from the routine of life.

And no rules regarding the enemy! Let them get everything in full for harming Russia and as painfully as possible! Everyone can contribute!

Remember:
Quid pro quo!
Tit for tat!
A fracture for a fracture, an eye for an eye, a tooth for a tooth; as he did <...>, so he should do
(Leviticus 24:20).‌‌"

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🇨🇦🇫🇷🇩🇪🇮🇹🇯🇵🇬🇧🇺🇸🤝🇺🇦 — 🇺🇦President of Ukraine Volodymyr Zelensky on Telegram:

"Today is the G7 summit in Italy, a meeting of our biggest partners. A large part of it will be dedicated to Ukraine, to our defense and economic stability. And we are waiting for important decisions today.

The main topics for us are the development of the fighter coalition, the acceleration of pilot training, and the accelerated supply of aircraft. The development of the Ukrainian air defense system on the basis of the most powerful Western complexes and the expansion of long-range capabilities. Approval of the format for the use of Russian assets for the benefit of Ukraine, in particular for the development of our defense industry, joint production of weapons.

Today I will take part in the meeting of the Group of Seven and hold a series of bilateral meetings: with the host of the summit, the Prime Minister of Italy Giorgia Maloni, the Prime Ministers of Canada and Great Britain Justin Trudeau and Rishi Sunac, the President of the European Council Charles Michel and the Director- IMF manager Kristalina Georgieva.

During meetings with US President Joseph Biden and Japanese Prime Minister Fumio Kishida, we will sign bilateral security agreements. The document with the United States will be unprecedented, as it should be for the leaders of Ukraine's support.

A year ago, at the NATO summit in Vilnius, the G7 adopted the Declaration of Support for Ukraine. Today, within the framework of this Declaration, we are signing the last two security agreements with the members of the "seven". The Ukrainian people, our soldiers see that the G7 is forever with Ukraine. I am grateful to our partners for believing in us and our victory.‌‌"

🔗 Source:

🇮🇹🤝🇺🇦 — 🇺🇦 President of Ukraine Volodymyr Zelensky on Telegram:

"Had a productive meeting with Georgia Maloney. I personally thank Giorgia and all of Italy for the security, political, financial and humanitarian support of Ukraine and Ukrainians. Thank you for all your efforts to protect life.

We discussed the next steps of our cooperation, in particular Italy's support of the air defense system of Ukraine.

The first, inaugural Peace Summit and its expected results were also discussed. I am deeply grateful to Giorgi for her active assistance in getting as many leaders and states as possible to participate in the Summit and bring an honest peace closer.

Of course, we discussed our joint projects with Italy, aimed at helping Ukraine in the reconstruction of Odessa and the Odesa region. Cooperation adds social strength to both our countries. I also highly appreciate Italy's decision to organize the next Conference on the Reconstruction of Ukraine in Rome in 2025.‌‌"

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👤🛫🇰🇵 — 🏴 ZeroHedge | Putin To Arrive In North Korea As Kim Hails "Invincible Comrades-in-Arms" | June 12, 2024:

"As G7 leaders who are to meet in Italy this week prepare expanded sanctions on Russia, President Vladmir Putin is soon expected in North Korea. Kim Jong Un on Wednesday hailed his country's ties with Moscow, calling the two powers which actually share a tiny far eastern border "invincible comrades-in-arms"

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🏃‍♂️💸 — 🇺🇸 Mises Institute | The Achilles Heel of the Fiat Money System | June 8, 2024:

"The fiat money system will not disappear just like that. Any expectations or hopes to that end should be tempered. Yes, the fiat money system could collapse; yet there is a significant likelihood it will persist longer than most people might think. This prolonged existence may come at a cost: a fascist state encroachment on the freedoms of citizens and entrepreneurs would be more profound than most people realize.

(...)

The Achilles’ heel of the fiat money system lies in its dependence on the demand for money. However, what does this demand for money signify? Essentially, it reflects people’s desire to hold money, influenced by a multitude of factors.

For instance, people tend to maintain money balances relative to their income. As income rises, so does the desire to hold money. The demand for money typically diminishes when interest rates rise. This is because holding onto money entails opportunity costs when higher returns could be earned through, say, bank deposits and bonds.

History demonstrates that the demand for money remains relatively steady when there is a high level of trust in the currency, meaning people are not worried that the purchasing power of their money will decline or be destroyed. Given this insight, it’s clear how states and their central banks seek to handle the fiat money system in their favor. Their primary strategy involves creating illusions and deceiving the populace to maintain control and influence.

For instance, people are often fed the narrative that inflation of 2 percent equates to “stable money”—a claim that is, of course, inherently false. In reality, a 2-percent inflation rate destroys the purchasing power of money by 2 percent every year. Furthermore, statistical goods price indices are often cobbled together to present a lower inflation rate than experienced in the market. This manipulation serves to downplay the true extent of monetary debasement."

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