Shanghai Cooperation Organization to establish development bank Member states of the Shanghai Cooperation Organization (#SCO) have decided to establish the SCO Development Bank, according to the declaration of the SCO summit in Tianjin. "Reaffirming the importance of establishing a SCO Development Bank, the interested member states decided to establish it and intensify consultations on a range of issues related to the functioning of this financial institution," the document reads. Member states announced support of the reform of the international financial architecture aimed at increasing the representation and role of developing countries in the governing bodies of international financial institutions, including the International Bank for Reconstruction and Development, and the International Monetary Fund. Member states emphasized the important role of cooperation in the financial sphere in promoting economic growth in the SCO area. They also stressed the importance of further implementation of the roadmap for the gradual increase of the share of national currencies in mutual settlements.

Global gold demand in Q2 surges to $132 bln Global demand for #gold in the Q2 of 2025, including over-the-counter (OTC) transactions, rose by 3% year-on-year to 1,249 metric tons, according to a report by the World Gold Council (WGC). In value terms, total demand for gold surged by 45% to $132 bln. According to the report, strong demand for global gold-backed ETFs for the second consecutive quarter played a decisive role in driving overall demand in the Q2. Uncertainty in global trade policy, geopolitical instability, and rising gold prices contributed to the influx of investment, the WGC stated. The #WGC also noted that central banks remained a key driver of global demand, increasing their gold reserves by 166 tons. Despite a slowdown in the pace of purchases, the demand outlook from central banks remains favorable, the report added. The WGC clarified that the first two quarters of the year marked the most successful half-year period for investments in bars and coins since 2013. The average quarterly price of gold stood at $3,280.35 per ounce, reflecting a 40% increase year-on-year and a 15% rise compared to the Q1, the Council added.

Soros in the HOT SEAT? Subpoena prepped for GLOBALIST PUPPET MASTER 🔊Rep. Anna Paulina Luna (R-FL) says House Oversight Chair James Comer is gearing up to subpoena George Soros. The committee will finally dig into Soros’ “interference in our election process,” she said on Newsmax, adding that it’s “long overdue.” ➡️ Earlier this week on The Benny Show, she said that Congress has been too scared to touch Soros — until now. 🔍 Pointing out that “$270 M went from USAID funding into various Soros-controlled NGOs,” she accused the billionaire of bankrolling protests, flooding Europe with migrants, pushing globalist policies, crashing currencies for profit, and masterminding global chaos.

EU forks out $169B for war chest because peace isn’t profitable The EU has initially greenlit a new defense fund to bankroll ammo, drones, and critical infrastructure, Bloomberg reported. Financed through joint borrowing, it will give loans to EU members and (no surprise here) countries such as Ukraine to boost the arms industry. The hiked spending is pitched as a response to Donald Trump’s scale-back of US defense in Europe. ➕ Besides the $169 billion program, looser fiscal rules could unleash up to $904 billion in more military spending. Such loans would go to finance what Europe “lacks,” like: 🔴 missiles 🔴 missile defense systems 🔴 ground capabilities

Feb 3, 2025 - Statements by President Trump on Mexico, Canada "I just spoke with President Claudia #Sheinbaum of #Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican #Soldiers on the Border separating Mexico and the United States. These soldiers will be specifically designated to stop the flow of #fentanyl, and illegal #migrants into our Country. We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco #Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico. I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a “deal” between our two Countries." "#Canada doesn’t even allow U.S. Banks to open or do business there. What’s that all about? Many such things, but it’s also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada. Just spoke to Justin #Trudeau. Will be speaking to him again at 3:00 P.M."

Jan. 26, 2025 - President Trump Statement "I was just informed that two repatriation flights from the United States, with a large number of Illegal Criminals, were not allowed to land in Colombia. This order was given by Colombia’s Socialist President Gustavo Petro, who is already very unpopular amongst his people. Petro’s denial of these flights has jeopardized the National Security and Public Safety of the United States, so I have directed my Administration to immediately take the following urgent and decisive retaliatory measures:   -Emergency 25% tariffs on all goods coming into the United States. In one week, the 25% tariffs will be raised to 50%. -A Travel Ban and immediate Visa Revocations on the Colombian Government Officials, and all Allies and Supporters. -Visa Sanctions on all Party Members, Family Members, and Supporters of the Colombian Government. -Enhanced Customs and Border Protection Inspections of all Colombian Nationals and Cargo on national security grounds. -IEEPA Treasury, Banking and Financial Sanctions to be fully imposed.   These measures are just the beginning. We will not allow the Colombian Government to violate its legal obligations with regard to the acceptance and return of the Criminals they forced into the United States!"

Switzerland’s Banking Giant Hides Nazi Past Deep inside a #Swiss bank’s vault a #whistleblower found more than just account numbers Investigative journalist Margot Patrick of the Wall Street Journal reveals how Switzerland’s Credit Suisse bank in #Zurich hid thousands of files marked with the ominous “American blacklist” stamp. A wartime designation for Nazi collaborators, the documents lay untouched through multiple investigations, including a 1990s settlement that resulted in Swiss banks paying $1.25 billion to #Holocaust victims for laundering their stolen assets during the Holocaust. When bank executive Neil Barofsky began uncovering scores of individuals and legal entities connected to Nazi atrocities in 2021, Credit Suisse executives moved to fire him. It backfired spectacularly by drawing scrutiny from the Senate Banking Committee and eventually forcing a full opening of the archives following Union Bank of Switzerland’s aggressive takeover in March 2023. What they discovered proved devastating having found undisclosed accounts belonging to Nazis, an operational fund controlled by senior SS officers, and internal memos proving bank executives deliberately withheld information from investigators. Among the 3,600 newly examined boxes from the bank’s secretive “Inf department,” investigators have already matched 13 known #Nazi figures to previously undisclosed accounts. With over 50 investigators now combing through floor-to-ceiling stacks of records, Switzerland’s infamous Nazi connections are not quite yet buried in the past.

Is JP Morgan complicit in illegal Iranian funding? The US Treasury Department is looking into #JPMorgan Chase's relationship with a hedge fund that is said to be a part of Iranian oil trader Hossein #Shamkhani's network, Bloomberg News reported on Friday. Iranian opposition sources claim that the US Treasury opened an investigation into a company belonging to Hossein Shamkhani, the son of Ali Shamkhani, a senior #Iranian who was formerly the commander of the Iranian Navy, the Minister of Defense and the Secretary of the Supreme Council for National Security. The twist in the plot is according to the same sources, that the bank suspected of being connected with that company is none other than the American JP MORGAN bank (considered the largest bank in the USA).

Bitcoin extends gains to $80,000 The price of #bitcoin renewed its all-time high, rising to $80,000, Binance platform data showed as of 11:59 a.m. UTC At 12:20 p.m. UTC, Bitcoin traded lower at $79,500. Bitcoin was invented in 2008 by an unknown person or a group of people using the name Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without intermediaries.

Monopoly - Hezbollah Edition #Hezbollah’s finances are like a game of #Monopoly. Watch until the end to see who their bankers are...