Key insights

• ⚙️ Bricks Plus bloc prioritizes accelerating the development of an alternative financial system and reducing reliance on US Dollars
• 🇺🇸 United States reacts with concern and potential panic to the Bricks Plus bloc's joint declaration
• 🌍 State Department spokesperson believes the development of an alternative financial system poses a direct threat to democracy worldwide
• 💼 Central Bank of Global central banks takes consequential actions in response to these developments
• 💵 The Bank for International Settlements is considering ending Project Embridge due to concerns about its potential to facilitate non-dollar denominated settlements
• 📰 Bloomberg portrays Putin as the sole beneficiary of multipolarity, ignoring the global benefit
• 💳 Central banks will have absolute control over CBDC rules and regulations
• 💱 The potential shutdown of Project Ambridge may not significantly impact China, Russia, India, and the UAE as they have their own alternative financial systems

Q&A

• What are the implications of the potential shutdown of Project Ambridge?

  The potential shutdown of Project Ambridge may not significantly impact China, Russia, India, and the UAE as they have their own alternative financial systems, which could accelerate the move away from the dollar and encourage seeking alternatives.

• What level of control will central banks have over Central Bank Digital Currency (CBDC) regulations?

  Central banks will have absolute control over rules and regulations for CBDC.

• What are the concerns raised about the United States policy and its impact on the global financial platform?

  The United States policy undermines the dollar, leading other countries to seek alternatives, and there are concerns about biased portrayals in the media.

• Which countries have shown interest in Project Embridge?

  China, Hong Kong, Thailand, the UAE, and Saudi Arabia have shown interest in Project Embridge, intended to facilitate the BRICS Plus payment system.

• What is Project Embridge, and why is the US concerned about its potential shutdown?

  Project Embridge was designed as an alternative financial system to facilitate non-dollar denominated settlements. The US and the West are concerned about the implications of its potential shutdown.

• What actions did the Central Bank take in response to the Bricks Plus bloc's declaration?

  The Central Bank took consequential actions in response to the developments triggered by the Bricks Plus bloc's joint declaration.

• Why is the United States concerned about the Bricks Plus bloc's joint declaration?

  The United States views the development of an alternative financial system as a direct threat to democracy and reacts with concern and potential panic to the declaration.

• What is the joint declaration by the Bricks Plus bloc about?

  The Bricks Plus bloc aims to accelerate the development of an alternative financial system and decrease reliance on the US Dollar.

• 00:03 The podcast discusses the joint declaration by the Bricks Plus bloc to accelerate the development of an alternative financial system and decrease reliance on US Dollars, triggering concerns from the United States. The State Department views this as a direct threat to democracy. The Central Bank's actions are a consequential response to these developments.
• 01:58 The Bank for International Settlements is reportedly planning to shut down Project Embridge, which aims to facilitate non-dollar denominated settlements, causing concern for the US and the West. The project was developed as an alternative financial system and has attracted the interest of several countries.
• 04:02 The United States policy undermines the dollar, leading other countries to seek alternatives. Bloomberg portrays Putin as the sole beneficiary of multipolarity, ignoring the global benefit. The debate about shutting down a cross-border payments platform is biased towards benefiting the BIS general manager.
• 06:06 Central banks will have absolute control over rules and regulations for CBDC, Bis may not support projects involving sanctioned countries, mainstream media may contain propaganda and presentations aimed at division.
• 08:04 Western policy makers are concerned about China's influence on the global financial platform and believe that it could potentially benefit China and its allies, leading to a neocolonial worldview. The shutdown of Ambridge is seen as a move to prevent sensitive transactions from being hidden from Western authorities.
• 10:09 Western authorities have no say in the decisions of other sovereign nations. The potential shutdown of Project Ambridge may not significantly impact China, Russia, India, and the UAE as they have their own alternative financial systems. The situation could accelerate the move away from the dollar and encourage the global majority to seek alternatives.