January 11, 2018 By Joseph P. Farrell

Over the years, as we've been watching the emerging of the Shanghai Cooperation organization (a.k.a. the BRICSA bloc), and the Chinese Silk Road project, I and many others have been arguing that if the project is to be genuinely viable and an alternative to the American unipolarism generally, and its virtual monopoly on international financial clearing particularly, it will have to be buttressed by its own international financial clearing system, one moreover both secure and free from meddling by the powers it serves, trust being the key issue for the users of such a system.

There are potentially other factors in play for the creation of such a system, and those are the potentialities of a threat from space. In the event of hostilities engulfing space - human or otherwise - redundancy in the international clearing systems is a must.

With that in mind, Russia just took another major step in fleshing out the parameters of that system, and a major step as well in securing its domestic clearing operations, according to this Sputnik article shared by Ms. S.:

Russian Physicists Create First Working Secure Quantum Link Between Two Banks

What's notable here is that while China has been perfecting the space-to-ground and ground-to-space links for quantum communications systems, Russia appears to have concentrated on actual practical systems for current financial and institutional use:

Sberbank became the first company to receive the new quantum protection system, developed by the Moscow-based Russian Quantum Center (RQC). According to RQC general-director Ruslan Yunusov, the service is now ready for widespread use by companies and organizations.

Physicists and engineers from RQC have launched the first working quantum link between two Sberbank branches, transferring real financial data using highly a secure connection, the research organization's press service has reported.

"Thanks to quantum communication technology, we have provided for a high frequency of key generation, thus dramatically increasing the level of data protection. Russian organizations will get the opportunity to use a system created in our own country to protect their information, which is important for the state," Yunusov said.

The special, 25 km-long line between Sberbank's central office and a branch near the city center is protected via the phenomenon of quantum entanglement.(Empasis added)
It's that intriguing point about using hardware developed in Russia to create what may very well be the first commercial and operational such link that caught my eye, and prompts today's high octane speculation. Why? Consider the Russian achievement in the wider context of two stories that emerged last year: (1) the Chinese success with quantum communications between the Earth and space and vice versa, and (2) India's space program's feat of a mass launch of small satellites - nearly fifty - in the short span of two weeks, and almost mind-boggling administrative and technical achievement.
It's when one puts these three things together and "views them whole" that one gets an intriguing possible picture, a picture of strategized coordination between the three major BRICS bloc powers, and the build-out of a system of financial clearing. If that high octane speculative read of the situation is true, then it appears that China is testing the space-based -high tech components, Russia is testing the ground-based inter-institutional links, and India is testing the ability to deploy massive space assets quickly and - as it were - suddenly. China has already built its CIPS clearing system, and we could be looking at something posed for something much bigger...
What might that be?
Well, to crawl way out on the end of the twig of speculation, perhaps it might be the building of interplanetary aspects of financial clearing. Think about it: we've seen stories of asteroid minining, space mining, NASA wanting broadband internet on the Moon and (eventually) Mars, and don't think for a moment India, China, and Russia intend on being left out.
See you on the flip side...