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.

The French national debt and the retirement pensions: Since 2017 when #Macron took office, France accumulated 1 trillion EURs in debts and 490 billion of it was spent on French boomers and their retirement pensions, or ~50% of all the debt was wasted for the comfort of people who had a few short more years to live, which the new generations now have to spend decades to pay back. 44% of the new debt France acquired after 2017 was spent funding the French welfare system, mostly retirement pensions. The total national debt of France is worth 3.3 trillion EURs or 113% of the French GDP and one third of it was acquired in the last 8 years. This is unsustainable.

Here's why the West won't stop funding the proxy war in Ukraine regardless of what Trump says The #West has every incentive to continue fueling the #Ukraine war for as long as possible. Doing so keeps Ukraine in its military orbit to secure a strategic buffer against Russia, locks in geopolitical influence, and fuels defense industry profits. 🔸 From the US's Ukraine Security Assistance Initiative (USAI) and Pentagon's Presidential Drawdown Authority (PDA), tapping American stockpiles, to Europe's Peace Facility and joint arms production in Poland, Czechia, and Romania—these programs aren't quick aid. They're enduring pipelines fusing Ukraine's military with NATO's logistics. 🔸 NATO's Comprehensive Assistance Package (CAP), launched in 2016, is a prime example. Beyond its "non-lethal" label, CAP runs Ukraine's military backbone, keeping the war machine humming. 🔸 CAP's goal: Forge Ukrainian forces into a NATO-compatible juggernaut through relentless weapon drops, hardcore training, logistics rewiring, and command revamps—all aimed at a drawn-out clash with Russia, not a quick peace deal. 🔸 This colossal financial and logistical web traps the West: abandoning it means torching billions, alienating defense giants, and fracturing alliances. 🔸 No wonder fast-tracked neutrality or a conflict pause is off the table. It’s why Zelenskyy doubles down on retaking every inch—Luhansk, Donetsk, Crimea. Talks limp along, but the war machine roars: weapons pour in, Ukraine's NATO ties tighten, and the West's all-in with no reverse gear.

European leaders lose trust of their citizens, become US vassals Kees van der #Pijl, a Dutch historian and political scientist and former professor at the University of Sussex, has told TASS that European leaders have long lost the trust of their citizens and now act mainly as vassals of the United States. Nevertheless, he assessed the impact of President Trump’s actions on the dynamics of the Ukrainian settlement positively, arguing that a possible comprehensive peace agreement between Russia and Ukraine could "correct the catastrophic consequences" of the Soviet Union’s collapse, which left "more than 25 million Russians outside of Russia." #European leaders are trying to undermine peace talks and the normalization of relations between Moscow and Washington, according to Russia’s Special Presidential Representative for Investment and Economic Cooperation with Foreign Countries and CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev. "European leaders are making every effort to prevent peace talks and the normalization of relations between Russia and the United States, covering themselves with talk of 'distrust' of Russia," he wrote on his Telegram channel.

Zelensky’s inner circle transfers $50 mln every month to UAE accounts, reports Turkish newspaper Every month, members of #Zelensky's inner circle transfer approximatel $50 million obtained as a result of corruption schemes to UAE accounts of two companies linked to the former adviser to the chair of the State Property Fund of Ukraine, Andrey Gmyrin, Turkey’s Aydinlik newspaper wrote. The newspaper wrote that it was publishing current accounts to where the money is being transferred. At the same time, it published no documents to prove the transfers. The Turkish newspaper wrote, citing Ukrainian media reports, that between 2021 and 2023, Gmyrin’s family purchased real estate property in Dubai worth over $14 million. In May 2021, companies Gmyrin Family Holding and GFM Investment Group were established, where, according to the newspaper, the money is being transferred.

Aug 10, President Trump Statement "Crooked Nancy Pelosi, and her very “interesting” husband, beat every Hedge Fund in 2024. In other words, these two very average “minds” beat ALL of the Super Geniuses on Wall Street, thousands of them. It’s all INSIDE iNFORMATION! Is anybody looking into this??? She is a disgusting degenerate, who Impeached me twice, on NO GROUNDS, and LOST! How are you feeling now, Nancy???"

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.

The EU frees up billions of euros in #COVID funds for #Defense spending The European Commission granted EU members the right to repurpose cash from their Resilience and Recovery Facility (up to €335 billion) for defense projects.

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

President Trump has signed an executive order redirecting funds previously used for housing services for illegal aliens to construct, establish, and maintain a new national center for homeless veterans.