BRICS Quantum Tech Partnership- August 5, 2023

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Russian scientist Alexey Fedorov is the leader of the Quantum Information Technologies group at Moscow-based Quantum Center.
He expressed a desire to develop close partnerships with China and India in the field of quantum technology.
When the city of Kazan hosts the BRICS conference the following year, Russia aims to make its case.
Fedorov: Because together we can make things which are very hard to do alone.
We can collaborate about quantum computing, maybe solving problems and exchanging opinions and we collaborate about quantum sensing and different technologies and make our BRICS alliance to be stronger.

President Donald J. Trump Announced Intent to Nominate Individuals to Key Administration Posts,
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev’s Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Source:www.whitehouse.gov
Judy Shelton interview on gold standard:
“I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don’t see it so much as returning [to the gold standard], more like ‘back to the future.’ I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn’t be subject to who’s the chairman of the Federal Reserve.

How can a dozen […] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don’t know what the right rate should be. How could anyone? […] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we’re doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
Source:twitter.com

Debts forgiveness and peace at the Russia-Africa summit

Vladimir Putin hosted the Russia-Africa summit in St. Petersburg from July 27 to 28.
Putin: The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes.
Vladimir Putin, the president of Russia, also stated on Friday that Moscow is closely analyzing suggestions made by several African leaders to put an end to the conflict in Ukraine.

Cryptocurrency Market Reactions to Regulatory News

The U.S. Federal Reserve reveals that the cryptocurrency XRP didn’t show great reaction or movements in price to regulatory news in the past.
Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price-performance to regulatory news.

Source:dallasfed.org

Trump is meeting with an ex-bank CEO

Donald Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard. Trump met with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. 
Source:Businessinsider.com

MOEX to launch Ruble priced gold July

Head of the exchange’s derivatives market Maria Patrikeyeva stated that The Moscow Exchange is planning to start trading in perpetual gold futures.
Patrikeyeva: “We launched settled quarterly gold futures, and in the near future, in July, we will launch new perpetual gold futures,”.
This statement was made at the press lunch “Options Market on the Moscow Exchange: New Opportunities.”
On June 28, the Moscow Exchange started trading settled gold futures contracts denominated in Russian rubles.
The GLDRUB_TOM instrument from the exchange’s precious metals market serves as the underlying asset.
A lot is 1 gram, while a tick’s size and value are both 0.1 rubles.
On the day the contract is settled, the strike price is the RUGOLD index price as determined by the Moscow Exchange based on transactions involving the underlying asset in the precious metals market.