⚡️📹WATCH: Full Putin-Trump press conference

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💲 THROWBACK: the day the dollar became a fiat currency BACKED BY NOTHING

54 years ago on August 15, 1971, President Nixon announced a “temporary” suspension of the dollar’s convertibility to gold. The move effectively ended the post-WWII Bretton Woods order and ushered in an age of floating exchange rates, easy deficit spending and fiat money.

The decision would have a catastrophic impact on the earning power of the American middle class, with wages stagnating, income inequality skyrocketing, personal savings plummeting, prices and inflation soaring, the US trade balance falling off a cliff and the share of economic speculation relative to the production of actual goods and services booming.

🌏 Internationally, it would usher in the age of American excess, allowing the US to take advantage of its money’s status as the de facto reserve currency to introduce trillions of additional dollars into the global economy without suffering hyperinflation, and trading these pieces of paper for real, physical goods and resources.

Only now, more than half a century after Nixon’s fateful move, have some nations gained the economic and fiscal power to begin challenging the fiat dollar’s toxic influence. Global South countries led by the BRICS bloc are threatening its reserve status by trading in local currencies, creating new, alternative banking institutions, and considering a potential gold-backed currency of their own.

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🤡Hillary Clinton's ideal peace deal? Trump magically ending Ukraine conflict without addressing territorial realities

🗣“Honestly, if he could bring about the end to this terrible war, if he could get it without putting Ukraine in a position where it had to concede its territory…could really stand up to Putin – something we haven’t seen, but maybe this is the opportunity – if President Trump were the architect of that, I’d nominate him for a Nobel Peace Prize," Clinton told a podcast.

🤔No territorial concessions? That’s a no-go for Russia, which has enshrined its new regions into its constitution.

👉Clinton’s obvious rage bait is no surprise. From NATO expansion to attempts to coup Putin to attacks on Russia’s allies and setting the stage for the Euromaidan coup, she was basically the architect of the new cold war against Russia.

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🇷🇺🇺🇸 Il presidente della Russia Vladimir Putin, il giorno del suo incontro con Trump, il 15 agosto, ha firmato un decreto che permette agli azionisti stranieri, in primo luogo alla compagnia americana Exxon Mobil, di recuperare la quota nel progetto "Sakhalin-1", se intraprendono azioni per favorire la revoca delle sanzioni occidentali, stipulano contratti per la fornitura delle attrezzature importate necessarie e trasferiscono i fondi sui conti del progetto.

Oltre a Exxon, i partner del progetto erano "Rosneft", l'indiana ONGC Videsh e la giapponese SODECO.

🇨🇳 China started to use pollination robots to set up fully autonomous plant “factories”

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⚡️The rise in computational power needs increases electricity usage … hence a successful nation needs to have electricity in abundance.

The green energy idea is not feasible, we even saw first firms like Facebook planning to build or rent nuclear power plant.

➡️ RIP Germany

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🇲🇱🇫🇷 The Malian government announced on national television yesterday that it had foiled a “French-backed coup.”

- The security minister said a French citizen had been arrested for allegedly acting on behalf of French intelligence, mobilizing political leaders, civil society figures and military personnel in Mali.

- Authorities have arrested Nema Sagara and Abbas Dembele, along with a number of other military officials and civilians.

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🇪🇺 Robbery rate … as expected

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