@FF_CharlieK It definitely was a back draft... As a flash over the 1st floor would of been fully engulfed in flames after it and it wasn't plus the roof lifted up wards so 100% back draft mate..๐
BRICS, G20, SWIFT, AIIB & RIPPLE ๐งต
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Lets jump in ๐ซก
Hearing a lot of talk on BRICS lately so though it prudent to go through what we know thus far.
Ok Lets look what we know..
What sector is Ripple disrupting ? Payments
Who currently controls Payments ? SWIFT
Why is the world sidelining SWIFT ? Sanctions abuse
Who runs SWIFT? We dont know.....
SWIFT is just messaging though right ? YES
The second part is Liquidity provided for settlement
Who provides the liquidity for SWIFT ? JPM -CITY- HSBC
What has Ripple got in its product line to compete with this SWIFT + Liquidity ? Ripplenet + ODL
Who is Ripple trying to compete with? SWIFT
Who is ditching SWIFT ? BRICS
Who is ditching the dollar for trade ? BRICS
Who is ditching IMF ? - BRICS
Who will BRICS use for loans inserted of IMF ? AIIB /NDB
Who will BRICS use instead of SWIFT ? CIPS
What is AIIB? A Eastern alternative to IMF for BRICS
What does AIIB stand for ? Asian Infrastructure Investment Bank.
Where is AIIB from ? China
What has AIIB got to do with the West ? Chinas Belt and road initiative which connects to > Government's > EU + UN
AIIB + HSBC will connect into any Governments which utilise Chinas ' Belt & Road ', World bank, IMF, EU, UN will also connect into this.
What connects Europe to BRICS nations ? The Silk Road
Why would Silk Road be important ? Huge Trade deals
But hat the heck's this to do with Payments blockchain and ? SWIFT is payments.
But SWIFT is being dropped by the BRICS right ? YES!
But aren't they dropping the dollar as well ? YES !
So SWIFT & Dollar are both being dropped ? YES
So what are BRICS going to use instead ? CIPS + A New CBDC for trade.
Where are they going to build that CBDC and hows it going to be interoperable ...? We dont know yet, but time will tell. It cant be a close silo can it. So this is where blockchain fits in ..
But CIPS is not Ripple ? Correct.
CIPS is Chinas replacement for SWIFT.
But Ripple is a replacement version in the West for SWIFT right ? Yes.
But that doesn't mean BRICS will use RIPPLE- Does it ? BRICS could choose any multinational if they choose to use a western money transmitter- they may choose to use Ripple for whole sale cross border trade.
But wait let's go back a second ......
Who is the AIIB affiliated with ?
WB, IMF, EU, UN...Various wold governments .. Why?
Belt and road initiative..
Who is Ripple affiliated with ?
BIS, IMF, WB, ECB, 80+ Govs.... we could go on and on..and on and on !
So are AIIB & Ripple connected somewhat?
There are ties between HSBC & Ripple.
HSBC + AIIB are best buddies.....
So let's have a little think about the G20 and thier role ....
G20 & IMF seem to be then pushing Crypto REGS right? - Yes !
Whats that all about ? Well the IMF & G20 under the Indian presidency are setting GLOBAL crypto regulation package last August 2023.
So ? I'll repeat that bit out loud again -G20 are setting "GLOBAL CRYPTO REGS".
So your telling me G20 & BRICS are the same ? - YES
ALL BRICS nations are in the G20....
So BRICS Nations are actually steering the GLOBAL crypto REGS ? YES They certainly are !
So we have BRICS sunsetting SWIFT & the dollar, and we have the BRICS coordinating global crypto regs with the IMF ? YES.
Where does Russia fit into all of this ?
This year they are chairing the BRICS presidency...
What does that mean ? They get to steer decisions for the BRICS nations.
Why might Russia being the president of BRICS right now be especially potent .....?Well they are war with Ukraine and the deep state by proxy {US + Nato } they are going to rug the USD and its tools {SWIFT}
Why ?> MAX pain for the DS. Cut them out, stop using their monetary system and it will likely start contracting under its own glutenous weight as debt deficits unfold.
That doesn't sound good. Correct. DS are going to get a roasting.
So whats the bottom line here Ripples ?
We are switching to a new monetary standard, a transparent one, an interoperable one and one that the DS cant corrupt.
Old guard > Going > gone.
New guard, new era, new money.
I digress - lets get back on track to current events
So just as RIPPLE & XRP are going to come out of the SECs revolving doors, we are likely to get regulation - which will put XRP & BTC as the only assets with this kind of special classification {imo}
That means G20 countries will likely favour XRP & BTC
due to their legal clarity ...
G20= BRICS {+ a load of others}
We are seeing a coordinated approach
All planed all controlled IMO, this kind of world finance shift is very special, very coordinated and very important.
Who's to know what will ultimately will unfold and who uses what in this new multipolar world...
Lets watch and learn as it all rolls out. I bet my bottom dollar Ripple is in the thick of it though...
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The significance of this moment cannot be overstated.
Congrats to all who have worked to get Bitcoin spot ETFs approved!
Todayโs news is further legitimization of crypto as an asset class. I expect this will be yet another catalyst for institutional investment / adoption, ideally leading the industry to focus outside primarily speculative to broader real-world use cases, underpinning that legitimization.
Let's unite the #XRP COMMUNITY! No XRP holder account should have less than 1,000 FOLLOWERS, right? Here's what we can do:
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2๏ธโฃ Drop a "X" below โฌ๏ธ and FOLLOW everyone in the comments.
Together, we can make it happen! ๐ค๐ป๐ค๐ป Let's go! #XRPCommunity
Let's all express our gratitude to Judge Analisa Torres by liking, commenting kind words, and reposting this. Her recent ruling in the #SEC appeal has indirectly propelled #XRP to new heights! ๐ The #XRPCommunity sends love to Judge Torres ๐