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Showing content with the highest reputation on 04/02/2020 in all areas

  1. Good Thursday Morning DV ... RON Once Again, NO Daily Auction today. Thursay - 4/02/2020 The ISX has not reopened for business - no reported currency change. The last Auction was held on Monday, 16 March 2020. That's 17 consecutive days (4 days closed), 13 no Auction days. And our WAIT continues.... I hope each of you will have a blessed day ... Most importantly, try to spend some of it with GOD..!
    15 points
  2. Iraq has a stimulus built in and ready to go! I don't mean to sound jaded, but I don't expect Iraq to do it for "the citizens". It's not going to get done "for the people" - but it will get done, and many will benefit, including the little people. The "unsung heros" indeed - there are a lot of them! I just threw out a couple of examples off the top of my head, and that's one I know many people don't even realize exist. to yours and many more like her 💖
    15 points
  3. I like and understand both of you guys points. However, it seems possible that we're overlooking one massive aspect of this event. We've all seen the entire world not only pour hundreds of billions of dollars into Iraq, but nearly every nation on earth ended up forgiving any debt owed them by Iraq. Having a well rounded understanding of people I believed that none of those events were done out of the generosity of any nations heart but rather because they all expected to get something out of it for their efforts. That something clearly hasn't happened yet. And that is because Iran has been manipulating the corrupted leaders of the Kurds and their proxy cronies in the Iraqi Parliament to create such chaos in Iraq that nothing of value can ever get done. It seems However, that the Trump Administration is tired of the interference of Iran in Iraq. We killed their general salami and the next guy and now we're gearing up for a war to remove the diaper head soldiers of fortune. They call themselves militias but they are, in reality, little more that rabid street gangs. Our military will have little issue eradicating them. Then we have a new P.M. that is claiming to be Americas friend. At least that shows he's got some foresight and doesn't want to worry about all those drones overhead I personally doubt that all these nations working with Iraq did so for the oil. America has now become the number one producer of oil and there are so many other places to buy it. That is not to say oil wasn't a part of the motivations, only that it wasn't the main thing. Clearly, what with the attention that everyone has been giving to the banking system of Iraq the main motivation is what is always the main motivator of men. Money. In this case the Iraqi Dinar. Everyone is always looking for the catalyst that will catapult the Dinar to it's former glory but that is not what we should be looking for. As has been stated, ad nauseam, Iraq can RV/RI anytime they want to. And what is becoming clearer with every passing day and event is that no one is will to force Iraq's hand. But again it does look as if the Trump Administration is willing to give them some serious motivation. Now one really has to consider what is going on in America at this time and the belief that America owns Billions of dollars of Dinar. I haven't been able to understand the need for creating what is fast being exposed as a fake panic pandemic or how or even if that is related to Dinar. Nor do I understand the need to get most of the population of the world to hide in their homes. But again I do understand people and when you don't want them to see what you're doing you get them to hide. We're being told that hospitals all over the world are being inundated with the Covid19 sick. Yet after more that two weeks of isolation citizen journalists are now visiting the Hospitals and finding them empty. Even hospitals that the MSM has been reporting as overflowing with the sick are being exposed as being empty. My take is this, we are being played. They are hiding something. It's my HOPE that the RV/RI is what is being hidden. I've said for as long as I've been invested that an RV/RI will not be a reported event. And with this panic pandemic it most certainly wont be. But the Trump Administration and the rest of our Government for that matter, just began spending money like a drunken sailor. So much so that if what we're witnessing isn't the RV/RI then I suspect it will be the total collapse of the world financial system. And at the rate of spending now happening, I suspect nothing shy of $1.15 will be enough to stop the bleeding.
    12 points
  4. I agree with a lot of what you're saying in the entire post, for example: I think the term "black market" carries a stigma that can be misleading. People immediately think of human organs, illegal drugs, and slaves... but in this case, the term mostly means "currency trading outside of the government actions". The term "black market" is technically correct, but in the case of the RV/RI the "black market" will be tiny and almost insignificant compared to CBI Auctions, FOREX, etc - the "not-black market". There are big numbers - lots of currency - that is and will be traded on the "black market". But those numbers will pale next to the official trading, and most people don't have access to the "black market" and will primarily use official channels. Which is why - although I agree with your logic and argument - I still think the GOI can successfully RV at ten cents. It would be most successful with a float, because the ability for IQD to increase more will encourage people to desire IQD over USD because of the opportunity for profits. The USD, after all, is not going to gain in value. Herd mentality kicks in, Iraqi people and outside sources will increase the demand for IQD based on further speculation, and that adds even more value. I do see and agree with some of the logic in the $1.16 argument. I just also see strategic value in a 10 cent + float. With a float, their currency will hold more potential than the USD. But I agree with you that at $1 or higher ($1.16) there is no question - at that rate it is more valuable. Both rates have positive aspects. Solid plan for anyone.
    9 points
  5. Very good break down, Synopsis (I think you have me blocked lol). I was praying about your video today @NEPatriotsFan1 and I thought about the fact that Satan knows the scriptures and knows how to twist them to bring doubt, fear, and confusion. Be careful of people who use scripture and mix it with other beliefs or new age. I do not believe there is bad versus evil; I believe there is good versus evil. I believe President Trump was put in office to thwart the plan of the enemy. We need to surround him with prayer - the attacks are fierce. In these last days we will have to be sensitive to the Holy Spirit in all of our decisions.
    9 points
  6. Happy Wednesday DinarVets! It's April first, which means you can expect some pranks today... all from 6 feet away, of course! There will be no RV pranks in this Weekly update, for the record. If I send out an RV text today, it's the real deal. (I have not yet!) Day 534,691 of the CoronaVirus lockdown... how is everyone doing? I ask out of real concern. As humans, we are a social species. Social distancing is something we are currently doing to control the spread of a virus that should burn out on it's own if we don't find a cure, but it's still a scary situation. Verizon reports that phone calls are double what they are on a normal Mother's Day, which is proof enough that we need human interaction... the Butterfly Effect is real, my friends, and it applies to more than butterflies and typhoons on the other side of the world. Stay strong and healthy through this, both mentally and physically! Wash your hands and don't be afraid to phone a friend that you haven't talked to in ages - you're stuck in the house, how many more times can you organize the pantry or clean the garage?! Whatever you do, be sure to show extra love and patience and kindness to the people you're stuck with right now. That's good advice on any day, and it goes double right now. On to the Weekly! The markets are a jungle, cryptos seem stable, OIL may have stopped the plunge but that's still uncertain, unemployment levels are and continuing that way indefinitely... is there any hope? There is always hope. There is also always truth to be found in adages, for example: Better late than never. Nothing ventured, nothing gained. As dinar holders, we are most certainly living by those two! One day, soon, these will be things that we look back on and smile about. The world is being shaken up like never before. There has never been a better time to watch things - unprecedented things - unfold right in front of us. These are wild and crazy times. Here's an example: Politicians rarely agree on anything, but a recent (historic) stimulus passed, unanimously. If you read my recent Budget and Auctions post, I described an equally possible scenario that would turn the Iraqi Dinar around overnight. Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value. It's not just a "possibility". This is something that is going to happen. The only question is, when will it be and how prepared are you? This is going to be the “I told you so” group. When the world is crying about unfairness and how the rich get richer and a hundred other things, you can join them... or you can think back to that time you could have spent $100 on Amazon stock at $1.73 (currently $1,949.72), $75 on btc at less than 10 cents per coin, or $50 on VIP at DinarVets when the IQD was undervalued and represented an incredible opportunity. Quick forum PSA: I'm all for diversity and contrary opinions and intelligent discussions. This thread is a great example of intelligent people politely discussing something they don't fully agree on. I could also link to some examples of how not to have an intelligent and respectful debate, but I won't - I'm just going to issue a warning to anyone that comes here just to antagonize members, hit the "dislike" icon, or click that annoying "report" link on anything that you personally don't like. Warning issued. On a lighter note... @tjokie shared a new crypto with us in the VIP section. Might be worth taking a sWipe at this one. https://blog.coinmarketcap.com/2020/04/01/toilet-paper-token-wipe-paper/ Before I head out - I mean stay in - this morning, I want to give a quick shout out to the hard working women and men out there still taking care of us... truckers on the roads, people working in the schools to prepare meals for the kids that need them, teachers improvising and doing the best they can with online classes and connections, health care workers, the people in the grocery stores, and more... I appreciate you all. And last but not least - get in the Powerball Pool! Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!! - Adam
    8 points
  7. Thank you for your post Adam. We also know the words, anyday now, right around the corner, and SOON!!!
    8 points
  8. 4-1-2020 Newshound Guru MilitiaMan The collectivism of all this data out now is not for just any old reason, imo. ...The timing of this at this juncture paints a vivid picture in my mind. It paints a major power play into view. Iraq has no where but up to go from here!!!. imo. ...We know CBI Gov. Alak has openly stated he was not going to devalue the IQD. It goes against all of that that has been done to...date to keep the IQD stable and steady. ...Iraq can't borrow any money from the looks of it lately from anyone. But, if they have the ability to get into the secondary markets with their currency and their stock exchange, they can use those mediums to get dollars into the future. So not only could this be about Iraq going international in secondary markets terms, the FIMA just may be the mechanism to facilitate them to do so through the US FED.. Thereby, Iraq will need to reinstate their currency to do so. Which will support other currencies around the world. imo 4-1-2020 Newshound Guru Adam Montana ...It's April first, which means you can expect some pranks today... all from 6 feet away, of course! ...There will be no RV pranks in this Weekly update...The world is being shaken up like never before. There has never been a better time to watch things - unprecedented things - unfold right in front of us... Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value. It's not just a "possibility". This is something that is going to happen. ...Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!! - This is taken from another site that follows Adam's opinions and posts snippets from them. You can find Adam's full chat in our DV Chat Logs Forum at: Adam Montana Weekly 1 April 2020 4-1-2020 Newshound Guru chattels Article quote: "As Iraq's Prime Minister-designate Adnan al-Zurfi struggles to secure adequate parliamentary votes for his candidacy, Iraqi political parties are uncertain about whether they should support him, find a new candidate or even keep caretaker Prime Minister Adel Abdul Mahdi in office." General elections are currently scheduled for 2022, but protesters have demanded they be held this year. 4-1-2020 Newshound Guru Jeff ...It's very quiet right now...we're definitely at the end...here's the ultimate step we needed to see. We needed to see Iraq shut down their financial markets. Stop the auctions and stop the ISX...They're resuming it on April 12th...we don't want to see the ISX extended past April 11th. We want the ISX to come back online on April 12th...everything is where it needs to be... 4-1-2020 Newshound/Intel Guru Mnt Goat There are lots of articles out there about many options and suggestions as to how Iraq intends to deal with the down turn in the oil revenues. These are ONLY suggestions...Take this all with a grain of salt. Nothing will be done until the new PM is ratified. They can not proceed without him/her and so the pressure is on.
    8 points
  9. 4-2-2020 Newshound Guru Pimpy ...these billionaires meet in Davos. They meet there once a year. A lot of you guys know about these meetings and Davos...one of these guys is a very influential financial advisor was giving a speech and someone wrote an article about the speech...what the man went on to say was this. He actually made fun of so-called "currency gurus". He bashed them 7 ways to Sunday. But as soon as he was done bashing them he kindly said afterwards having said all the negative things he said the gurus actually got two of them correctly. He said the Iraqi dinar and the Vietnam dong in his opinion were great investments and thought that some of his people should invest in them as well. He only touched on the two currencies for a fraction of a minute then he went on to...remind everybody that when the Kuwait dinar changed it created a lot of millionaires...there was a bump in the economy and a slight one because it wasn't as well know as the Iraqi dinar one but it created a lot of millionaires. He said but within 5 months 86% of these millionaires were flat broke. Flat broke...from time to time I read that article again just so I can hear his words so that it reminds me of what NOT to do once the RI or RV hits for our currencies... 4-2-2020 Newshound Guru Adam Montana [...as the US is giving the American people money for a Stimulus Package why would it not make sense that the GOI RV to help their citizens...] Iraq has a stimulus built in and ready to go! I don't mean to sound jaded, but I don't expect Iraq to do it for "the citizens". It's not going to get done "for the people" - but it will get done, and many will benefit, including the little people... This is taken from another site that follows Adam's opinions and posts snippets from them. You can find Adam's full chat in our DV Chat Logs Forum at link: Adam Montana Weekly 1 April 2020
    7 points
  10. Ron Thanks, We patiently await the "Final Outcome" of the Currency Auctions once the ISX starts back up & Curfew is lifted. Always Keeping the faith!! GO RV & RI
    7 points
  11. HI and thanx. Iraq will definitely need to RI before it can RV. What I mean by this is that the IQD will need to be reinstated (RI) back onto the world Forex market which is currently devoid of the IQD. I only speak of an RI in that terms. When I speak numbers other than the current price point for the dinar, this is a revaluation. An RI can be done simultaneously with an RV and to some this is confusing which can be discussed later. While a 10 cent RV would be an increase in value to the reserves, true, but there are other mitigating factors that go against a 10 cent RV. First, we speak of purchasing power. This begets the current MCP practice Iraq employs. The only way a 10 cent RV would work is to do away with the MCP that Iraq employs. However, the black market would still continue to be done in USD due to purchasing power the USD has over the IQD thus the MCP practice would not be done away with. A requirement the IMF holds for Article IIIV. In order for the Iraqi denizen to not only feel like they have more purchasing power they need to be reassured that their national currency is emblematic of their increased sense in purchasing power. This means they need to feel and need to see that the currency they hold in their hands, IQD, is actually worth more than the currency they gave up, the USD. Purchasing power has more to it than just numbers on a sheet of paper. There has to be confidence behind it, this is the "feel" part. (The US monitors this, partly, through Consumer Confidence Index levels) If the general Iraqi sees that their currency is less than what they are being told they have to give up, then the RV will never hold no matter how much education Iraq gives their people. Its like telling a child they have to eat their peas over that scoop of ice cream.Let's face it, any normal child, let alone any normal grown adult, will want the ice cream. Peas, YUCK! And pea-flavored ice cream (DOUBLE YUCK!) just won't cut it. I have always maintained that a par value, 1 to 1, or lower (anything below a 1 to 1) RV will not suffice for Iraq due to the psychological and physical effects it will have in regards to purchasing power. The Iraqi people have been in the poor house too long and they are clamoring to break free. While I am in the 1.16 camp, since Shabibi, there is always a hope for a higher than that RV. I will continue to look at this investment and make my decisions through the data-driven decisions rather than how much I invested emotionally into it. Love is the folly of the fool; for it makes men fools and fools men.
    7 points
  12. Yeah it was funny. I roar with laughter and tears when I think of the ruby meisters . We all could use a chuckle.
    7 points
  13. Yota, my man, just want to Thank You and welcome you back. Miss those weekend coffees with your post. You were truly missed.
    7 points
  14. 4-2-2020 Intel Guru Delta ...yesterday there was a very interesting statement from one of the citizens that live in Erbil. He went to this shop to buy stuff and the vendor refused to take dollars. [Guru Frank26 - Isn't that wonderful. When I read that out of your report I just smiled so big...you think the shop owners know something?] ...this is very strange that now gradually, slowly a lot of vendors, they're not accepting the dollar. They're just taking dinars. So for you to do that you know that there's something coming up from the CBI...
    6 points
  15. #15 Stop stealing from your people and RV your freakin toilet paper currency a-holes!
    6 points
  16. 02-04-2020 01:34 PM Shankali asks the central bank: the price of the dollar exceeded 130,000 dinars ... where do the profits and gains go? Baghdad / news Former MP from the Kurdistan Democratic Party, Majed Shankali, criticized Thursday the measures of the crisis cell over the failure to maintain the dollar exchange rate. Shankali said in his tweet on "Twitter", "The price of the dollar against the dinar on the provincial exchange yesterday and today reached 1275-1300, knowing that the official price for selling it in the central bank is 1191." He asked, "Is this part of the solution to the financial crisis, or is it profits and gains added to the profits of those who control the window of the sale of the currency daily? !!! The central bank has to answer."
    6 points
  17. The date is imminent .. I really wish this headline was referring to something else!
    6 points
  18. The easy thing to believe is nothing is going to change because that's Iraq's MO. But that's the only way the. "SUDDENLY " comes into play.
    6 points
  19. 6 points
  20. Warnings exchanged between Washington, Tehran, and Trump threaten to pay the heavy price April 1, 2020 32 Washington - Morsi Abu Touq US President Donald Trump warned Iran Wednesday to pay « heavy price » if they are attacked Or its allies in Iraq, the American forces deployed there. According to a tweet US President « If this has happened, Iran would pay a very high price » . The Trump « based on information, Iran or its allies are planning a surprise attack targeting US forces and / Or facilities in Iraq. ” However, it was not clear whether the White House master meant that Washington has intelligence on that plan. A US official told Reuters, according to its website on Wednesday, that US intelligence information about a possible attack Iran supports it on American forces and installations in Iraq, indicating that it would be an attack that could not be denied Similar to the missile attack launched by Tehran in Iraq in January. The official, who asked not to be named, added that the CIA has been following leads for a possible attack Waged by Iran or the forces supported by Iran. The official did not disclose information about the exact timing of the attack or its targets. The United States and Iran are locked in a fierce struggle for influence in Iraq, where Tehran has the support of actors and factions. Armed, while Washington maintains close relations with the Iraqi government. The spread in Iraq , about 7,500 US troops under the US - led coalition to help Iraqi forces Countering jihadist groups, but this number has declined significantly this month. The coalition is working to return trainers to their country in a precautionary measure against the background of the emerging Corona virus On evacuation of bases occupied in Iraq. Those bases, as well as foreign embassies, especially the American diplomatic mission, have suffered more than twenty missile strikes since late October / October. The attacks, which the United States blamed on the Iranian-backed crowd, have raised fears of a proxy war on Iraqi lands. Iran was warned Wednesday the United States from the risk of dragging the Middle East to « catastrophic situation » in The crisis of the new Coronavirus, in the aftermath of Washington's deployment of the Patriot air defense missile system in neighboring Iraq, has been fought . Washington and Baghdad are negotiating to deploy air defense system since January / January while targeting Tehran 's missiles Ballistic Ayn al-Assad base in western Iraq, where hundreds of American soldiers are stationed, in response to the general's assassination Qasim Soleimani. US and Iraqi military sources told Agence France-Presse Monday that the Patriot air defense missile system was deployed in Iraq without specifying whether the United States eventually obtained the approval of the Iraqi government No The Iranian Foreign Ministry said in a statement Wednesday that the « activities ( military ) conflict with the position The official Iraqi government and its parliament and its people » . The ministry considered that the American military activities « could drag the region into instability » and to « catastrophic situation » , calling to avoid « causing tensions ( ... ) during the Corona emerging crisis » . Iran, which is officially counted more than three thousand deaths from the virus, is one of the countries most affected Of the global epidemic. In the United States, the number of deaths has exceeded 4,000, according to Johns Hopkins University. Iranian Foreign Ministry said that it should Washington « to respect the desire of the Iraqi people and their government and leave the country » . After Washington assassinated the commander of the Qods Force in the Iranian Revolutionary Guard, Qassem Soleimani, and the deputy head of the PMF Iraqi engineer Abu Mahdi in Baghdad in January / January, the Iraqi parliament voted to end the presence of Foreign forces, especially the Americans, on Iraqi soil. However, the Iraqi government has not announced plans to proceed with this project while it is still in Iraq More than five thousand American soldiers. An American military official and an Iraqi military source, who did not reveal their names, confirmed to AFP that no one was being installed Patriot batteries at the base of the Lion's Eye. The American official said that another battery arrived at a base in Erbil, the largest city in the Kurdistan region of Iraq. The official added that two other batteries are still in Kuwait, awaiting transportation to Iraq. Patriot systems consist of highly sophisticated radars and interceptors that can destroy a ballistic missile while it is flying. Iraq was opposed to the deployment of the American defense system for fear that it would be seen by its neighbor, Tehran, the archenemy regional enemy United, as a threat and escalation. He warned head of the caretaker government , Adel Abdul - Mahdi Monday of « the gravity of any military action without Iraqi government approval » , without reference to the Patriot.
    6 points
  21. Umm ... Let me think ... NO ! Call me back when you get your act together . When you stop hating on countries like the USA who like maintaining their sovereignty. Yada, yada, like that.
    5 points
  22. I just saw this one: Temperature in Antarctica was a balmy 54 degrees Fahrenheit when dinosaurs roamed the Earth 90 million years ago, traces of ancient rainforest found near the South Pole reveal Researchers extracted a core sample from the seabed of West Antarctica They found ancient soil containing pollen, spores, roots and flowering plants For such plants to grow, temperatures likely reached 66°F (19°C) in the Summer The team found that carbon dioxide levels at the time were higher than expected https://www.dailymail.co.uk/sciencetech/article-8175955/Traces-ancient-soil-reveal-temperature-South-Pole-54-F-90-million-years-ago.html
    5 points
  23. LINK Al-Araji: Al-Zarfi will have the majority to pass his government cabinet 2nd April, 2020 The former Deputy Prime Minister, Bahaa Al-Araji, revealed on Thursday that the person in charge of forming the government, Adnan Al-Zarfi, will obtain a sufficient majority to pass his government cabinet. Al-Araji said, via "tweet" in "Twitter": "the emerging indications are that the one in charge of forming the government will have the majority to pass his cabinet." And he added, "In case the parliament is able to hold the session devoted to granting confidence within the constitutional period."
    5 points
  24. 5G Cell Towers are More Dangerous for Two Main Reasons: Latest Videos First, 5G emits “ultra high frequencies”. The higher the frequency, the shorter the length of each wave. This means more waves hit our bodies in the same amount of time. Previous cellular generations emitted from 1 to 6 GHz frequencies. 5G cell towers may emit frequencies as high as 300 GHz. Second, 5G technology requires “ultra high intensity”. Since the shorter length millimeter waves (MMV) used in 5G do not travel as far (and get obstructed easier), with our current number of cell towers the cell signal will not be reliable. To compensate 5G cell towers will have to emit the lower 3G & 4G waves as well, and many more “mini cell towers” will have to be installed. It is estimated that they will need a mini cell tower every 2 to 8 houses. All of this combined will greatly increase our RF Radiation exposure. Regarding animals, it has caused sterilization in horses if pastured next to those or electric towers.
    5 points
  25. Thanks for the articles Yota - good to have you back..! RON
    5 points
  26. That's the date when stimulus package begins to be sent out to all americans...i dont believe that to be the date of ri/rv. We have a long shot for it happening at this time.
    5 points
  27. ⬆️ ⬆️ ⬆️ ⬆️ ⬆️ ⬆️ ⬆️ my exact goals!
    5 points
  28. I agree with you Screwball. The auctions may not come back as we know them. I don't think that they have to.
    5 points
  29. The coming disaster in bankruptcy of Iraq Last updated: April 1, 2020 - 11:52 am Written by: Jumah Abdullah It guaranteed the collapse and deterioration of oil prices in global markets, with the worsening of the Corona virus crisis, and the spread of infection very seriously. Within this terrifying climate that surrounds the world. The price of a barrel of oil reached less than $ 20. This constitutes a setback and a suffocating crisis for the oil-producing countries, and in Iraq it will have devastating and deadly effects, under a powerless, paralyzed and rotten government, by the militias affiliated with the Iranian loyalty. Who put Iraq in the pocket of Iran. They depleted the Iraqi financial treasury to pour into the Iranian arteries, and give it the elixir of life and permanence, in the face of the deadly storms that Iran faces, as it heals bankruptcy and the collapse of the system. The influx of billions of dollars comes to stop the deterioration and bankruptcy of the Khamenei regime. At the expense of disrupting the Iraqi machine and making it dependent on Iran, and making Iraq a local market to Iran that exports its goods, and even weak, consumed and tired electrical energy, Iraq buys them in billions of dollars annually. In recruiting Iraq financial energies to serve Iran. Even the money obtained from the border outlets and ports, Iran obtains it with the lion's share of the money. And deprives Iraq of it and who, thus, made the Iraqi state a thousand punished, paralyzed and idle in providing all basic services to the citizen, including medical and health services in their miserable and scarce state. The case of the tragic hospitals is deplorable. Because all the money that was allocated alongside the medical and health services was looted, stolen and vowed between corruption and corrupt, during the booming oil prices globally until the price of a barrel of oil reached 80 dollars, how should Iraq be when a barrel price is sold less than 20 dollars, and within this terrifying climate in the spread Corona Virus . The government and the Ministry of Health are totally unable to take action to combat the Corona virus and protect citizens from the risk of infection and death. The Minister of Health stated: He requested from the government and the Ministry of Finance a small amount of $ 156 million, to purchase the equipment needed to combat the Corona virus. But the government did not respond to a request, and it cannot provide it. Therefore, he made a humanitarian appeal to the financially empowered groups to seek financial assistance and assistance, before the Ministry of Health inflicted disability and failure to confront the dangers of the epidemic that is spreading alarmingly among the citizens. But he did not get from this humanitarian appeal and call, except for a very simple amount, while the governments of the world are pumping billions of dollars in the medical and health aspect in the face of the dangerous and deadly epidemic. The situation in Iraq is heading for a serious deterioration, within the severe and serious crisis in the decline in oil prices. So that the monthly financial deficit for Iraq, as a result of this serious setback, becomes more than two billion dollars per month. And so that he can not walk only to pay the salaries of workers, employees and retirees, even if he cut salaries by half. As long as the Iranian ghoul is on the lookout for Iraq’s money even in its scarce state, because Iraqi money is the elixir of life to the Iranian regime. Without this lifeline, he will inevitably face bankruptcy. Therefore, militias affiliated with Iran are active in pumping money because its fate is linked to the fate of the Iranian regime. If we take into consideration that the International Monetary Fund refused to lend to Iraq a financial loan even on an unfair condition, under the pretext that Iraq was going to bankruptcy and could not pay the burdensome debt on it. This catastrophe that brought Iraq to it. From the rule of the religious and sectarian parties. LINK
    5 points
  30. Worth the watch. Thank You @NEPatriotsFan1 for posting the video. Amazing how The LORD works. If Interested, please look at these informative videos: The Second Coming Of Jesus https://beholdisrael.org/the-second-coming-of-jesus/ The Mark Of The Beast https://beholdisrael.org/amir-tsarfati-how-close-are-we-to-the-mark-of-the-beast/ Less irritating than the one @NEPatriotsFan1 posted but worth listening to to understand The LORD's working. Oh, boy, I could go all over the place with all this but will put out some things as starters for comments and further questions/comments. Of course, I am not the end all know all just offering up my experiences and perspectives. I will admit that I am a reluctant believer in the rapture. Looking at Scripture, I have some to my own conclusion. I am reluctant believing because nowhere in Scripture is a person excluded from torture and/or death from serving The LORD and namely God The Son Jesus Christ. The Prophets were killed as well as the Apostles. Jesus even lamented over the killing of the Prophets. Matthew 23:29-39 New International Version (NIV) 29 “Woe to you, teachers of the law and Pharisees, you hypocrites! You build tombs for the prophets and decorate the graves of the righteous. 30 And you say, ‘If we had lived in the days of our ancestors, we would not have taken part with them in shedding the blood of the prophets.’ 31 So you testify against yourselves that you are the descendants of those who murdered the prophets. 32 Go ahead, then, and complete what your ancestors started! 33 “You snakes! You brood of vipers! How will you escape being condemned to hell? 34 Therefore I am sending you prophets and sages and teachers. Some of them you will kill and crucify; others you will flog in your synagogues and pursue from town to town. 35 And so upon you will come all the righteous blood that has been shed on earth, from the blood of righteous Abel to the blood of Zechariah son of Berekiah, whom you murdered between the temple and the altar. 36 Truly I tell you, all this will come on this generation. 37 “Jerusalem, Jerusalem, you who kill the prophets and stone those sent to you, how often I have longed to gather your children together, as a hen gathers her chicks under her wings, and you were not willing. 38 Look, your house is left to you desolate. 39 For I tell you, you will not see me again until you say, ‘Blessed is he who comes in the name of the Lord.’[a]” Footnotes: Matthew 23:39 Psalm 118:26 So why would I be spared? After all, wouldn't that be a real test if I truly believe in and trust HIM? Well, OK, HE is God and can do whatever he wants. For the Second Coming Of God The Son Jesus Christ, if there was a specific prophecy about HIS Second Coming, then God The Son Jesus Christ would have to fulfill it perfectly without any deviation. Say I was at the farthest reaches of the universe and claimed I would stand on the pinnacle of Mount Everest. Pretty specific? What if I landed on the earth's moon instead? Pretty close so we're good? Not really. Well, OK, I end up in orbit in the earth's gravitational pull. Pretty close so we're good? Not really. Well, OK, I ended up on Mt. Everest instead. Pretty close so we'er good? Tall mountain. Not really. The point here is the Second Coming Of God The Son Jesus Christ is noted here: Zechariah 14:1-5 New International Version (NIV) The Lord Comes and Reigns 14 A day of the Lord is coming, Jerusalem, when your possessions will be plundered and divided up within your very walls. 2 I will gather all the nations to Jerusalem to fight against it; the city will be captured, the houses ransacked, and the women raped. Half of the city will go into exile, but the rest of the people will not be taken from the city. 3 Then the Lord will go out and fight against those nations, as he fights on a day of battle. 4 On that day his feet will stand on the Mount of Olives, east of Jerusalem, and the Mount of Olives will be split in two from east to west, forming a great valley, with half of the mountain moving north and half moving south. 5 You will flee by my mountain valley, for it will extend to Azel. You will flee as you fled from the earthquake[a] in the days of Uzziah king of Judah. Then the Lord my God will come, and all the holy ones with him. Footnotes: Zechariah 14:5 Or 5 My mountain valley will be blocked and will extend to Azel. It will be blocked as it was blocked because of the earthquake For the rapture: 1 Thessalonians 4:13-18 New International Version (NIV) Believers Who Have Died 13 Brothers and sisters, we do not want you to be uninformed about those who sleep in death, so that you do not grieve like the rest of mankind, who have no hope. 14 For we believe that Jesus died and rose again, and so we believe that God will bring with Jesus those who have fallen asleep in him. 15 According to the Lord’s word, we tell you that we who are still alive, who are left until the coming of the Lord, will certainly not precede those who have fallen asleep. 16 For the Lord himself will come down from heaven, with a loud command, with the voice of the archangel and with the trumpet call of God, and the dead in Christ will rise first. 17 After that, we who are still alive and are left will be caught up together with them in the clouds to meet the Lord in the air. And so we will be with the Lord forever. 18 Therefore encourage one another with these words. In 1 Thessalonians 4:17, we meet God The Son Jesus Christ in the clouds. In Zechariah 14:4, God The Son Jesus Christ touches ground on the Mount Of Olives. So, I do not agree with what the video @NEPatriotsFan1 posted disregarding the rapture. The videos I linked above do not reference the video but, in my opinion, give a clear and accurate depiction of The Second Coming Of God The Son Jesus Christ and the Mark Of The Beast. Another reason I believe the Believers in God The Son Jesus Christ will be raptured is noted here: 2 Thessalonians 2 New International Version (NIV) The Man of Lawlessness 2 Concerning the coming of our Lord Jesus Christ and our being gathered to him, we ask you, brothers and sisters, 2 not to become easily unsettled or alarmed by the teaching allegedly from us—whether by a prophecy or by word of mouth or by letter—asserting that the day of the Lord has already come. 3 Don’t let anyone deceive you in any way, for that day will not come until the rebellion occurs and the man of lawlessness[a] is revealed, the man doomed to destruction. 4 He will oppose and will exalt himself over everything that is called God or is worshiped, so that he sets himself up in God’s temple, proclaiming himself to be God. 5 Don’t you remember that when I was with you I used to tell you these things? 6 And now you know what is holding him back, so that he may be revealed at the proper time. 7 For the secret power of lawlessness is already at work; but the one who now holds it back will continue to do so till he is taken out of the way. 8 And then the lawless one will be revealed, whom the Lord Jesus will overthrow with the breath of his mouth and destroy by the splendor of his coming. 9 The coming of the lawless one will be in accordance with how Satan works. He will use all sorts of displays of power through signs and wonders that serve the lie, 10 and all the ways that wickedness deceives those who are perishing. They perish because they refused to love the truth and so be saved. 11 For this reason God sends them a powerful delusion so that they will believe the lie 12 and so that all will be condemned who have not believed the truth but have delighted in wickedness. Stand Firm 13 But we ought always to thank God for you, brothers and sisters loved by the Lord, because God chose you as firstfruits[b] to be saved through the sanctifying work of the Spirit and through belief in the truth. 14 He called you to this through our gospel, that you might share in the glory of our Lord Jesus Christ. 15 So then, brothers and sisters, stand firm and hold fast to the teachings[c] we passed on to you, whether by word of mouth or by letter. 16 May our Lord Jesus Christ himself and God our Father, who loved us and by his grace gave us eternal encouragement and good hope, 17 encourage your hearts and strengthen you in every good deed and word. Footnotes: 2 Thessalonians 2:3 Some manuscripts sin 2 Thessalonians 2:13 Some manuscripts because from the beginning God chose you 2 Thessalonians 2:15 Or traditions New International Version (NIV) Holy Bible, New International Version®, NIV® Copyright ©1973, 1978, 1984, 2011 by Biblica, Inc.® Used by permission. All rights reserved worldwide. The key verse, to me, is verse 7 that I will show from the Mounce Reverse Interlinear: 2 Thessalonians 2:7 Mounce Reverse-Interlinear New Testament (MOUNCE) 7 For gar the ho mystery mystērion of ho lawlessness anomia is already ēdē at work energeō; however monon, the ho one who is now arti restraining katechō will continue to do so until heōs he is taken ginomai away ek mesos. ὁ (ho) Strong: G3588, G5120 GK: G3836 the prepositive article, answering, to a considerable extent, to the English definite article; but, for the principle and facts of its usage, consult a grammar; ὁ μὲν ... ὁ δέ, the one ... the other, Phil. 1:16, 17; Heb. 7:5, 6, 20, 21, 23, 24; pl. some ... others, Mt. 13:23; 22:5, 6; ὁ δέ, but he, Mt. 4:4; 12:48; οἱ δέ, but others, Mt. 28:17; used, in a poetic quotation, for a personal pronoun, Acts 17:28 ἄρτι (arti) Strong: G737 GK: G785 pr. at the present moment, close upon it either before of after; now, at the present juncture, Mt. 3:15; forthwith, presently; just now, recently, 1 Thess. 3:6; ἕως ἄρτι, until now, hitherto, Mt. 11:12; Jn. 2:10; ἀπ’ ἄρτι, or ἀπάρτι, from this time, henceforth, Mt. 23:39 κατέχω (katechō) Strong: G2722 GK: G2988 (1) transitive, to hold down; to detain, retain, Lk. 4:42; Rom. 1:18; Phlm. 13; to hinder, restrain, 2 Thess. 2:6, 7; to hold downright, hold in a firm grasp, to have in full and secure possession, 1 Cor. 7:30; 2 Cor. 6:10; to come into full possession of, seize upon; to keep, retain, 1 Thess. 5:21; to occupy, Lk. 14:9; met. to hold fast mentally, retain, Lk. 8:15; 1 Cor. 11:2; 15:2; to maintain, Heb. 3:6, 14; 10:23; (2) intransitive, a nautical term, to land, touch, Acts 27:40; pass. to be in the grasp of, to be bound by, Rom. 7:6 ἕως (heōs) Strong: G2193 GK: G2401 can function as an improper prep., while, as long as, Jn. 9:4; until, Mt. 2:9; Lk. 15:4; as also in NT ἕως οὗ, ἕως ὅτου, Mt. 5:18, 26; ἕως ἄρτι, until now, Mt. 11:12; ἕως πότε, until when, how long, Mt. 17:17; ἕως σήμερον, until this day, to this time, 2 Cor. 3:15; as a prep. of time, until, Mt. 24:21; of place, unto, even to, Mt. 11:23; Lk. 2:15; ἕως ἄνω, to the brim, Jn. 2:7; ἕως εἰς, even to, as far as, Lk. 24:50; ἕως κάτω, to the bottom; ἕως ὥδε, to this place, Lk. 23:5; of state, unto, even to, Mt. 26:38; of number, even, so much as, Rom. 3:12, et al. freq. γίνομαι (ginomai) Strong: G1096 GK: G1181 pluperfect, ἐγενόει (3rd sg), to come into existence; to be created, exist by creation, Jn. 1:3, 10; Heb. 11:3; Jas. 3:9; to be born, produced, grow, Mt. 21:19; Jn. 8:58, et al.; to arise, come on, occur, as the phenomena of nature, etc.; Mt. 8:24, 26; 9:16, et al.; to come, approach, as morning or evening, Mt. 8:16; 14:15, 23; to be appointed, constituted, established, Mk. 2:27; Gal. 3:17, et al.; to take place, come to pass, happen, occur, Mt. 1:22; 24:6, 20, 21, 34, et al. freq.; to be done, performed, effected, Mt. 21:42, et al.; to be fulfilled, satisfied, Mt. 6:10; 26:42, et al.; to come into a particular state or condition; to become, assume the character and appearance of anything, Mt. 5:45, et al.; to become or be made anything, be changed or converted, Mt. 4:3; 21:42; Mk. 1:17, et al.; to be, Mt. 11:26; 19:8; γίνεσθαι ὑπό τινα, to be subject to, Gal. 4:4; γίνεσθαι ἐν ἑαυτῷ, to come to one’s self, to recover from a trance or surprise, Acts 12:11; μὴ γένοιτο, let it not be, far be it from, God forbid, Lk. 20:16; Rom. 3:4, 31, et al.; to be kept, celebrated, solemnized, as festivals, Mt. 26:2, et al.; to be finished, completed, Heb. 4:3 ἐκ (ek) Strong: G1537 GK: G1666 ἐχ before vowels, with genitive, from, out of, a place, Mt. 2:15; 3:17; of, from, out of, denoting origin or source, Mt. 1:3; 21:19; of, from some material, Mt. 3:9; Rom. 9:21; of, from, among, partitively, Mt. 6:27; 21:31; Mk. 9:17; from, denoting cause, Rev. 8:11; 17:6; means or instrument, Mt. 12:33, 37; by, through, denoting the author or efficient cause, Mt. 1:18; Jn. 10:32; of, denoting the distinguishing mark of a class, Rom. 2:8; Gal. 3:7; of time, after, 2 Cor. 4:6; Rev. 17:11; from, after, since, Mt. 19:12; Lk. 8:27; for, with, denoting a rate of payment, price, Mt. 20:2; 27:7; at, denoting position, Mt. 20:21, 23; after passive verbs, by, of, from, marking the agent, Mt. 15:5; Mk. 7:11; forming with certain words a periphrasis for an adverb, Mt. 26:42, 44; Mk. 6:51; Lk. 23:8; put after words of freeing, Rom. 7:24; 2 Cor. 1:10; used partitively after verbs of eating, drinking, etc., Jn. 6:26; 1 Cor. 9:7 The reason for this exercise/distinction is "the one" does not specifically mention God The Holy Spirit that resides in Believers in God The Son Jesus Christ. 2 Corinthians 1:21-22 New International Version (NIV) 21 Now it is God who makes both us and you stand firm in Christ. He anointed us, 22 set his seal of ownership on us, and put his Spirit in our hearts as a deposit, guaranteeing what is to come. The Believers in God The Son Jesus Christ are the clay vessels that carry The Gospel Message to the masses. My opinion is The Believers in God The Son Jesus Christ have to be taken up since God The Holy Spirit resides in the clay vessels restraining "the man of lawlessness". As such, I do not believe Born Again Believers in God The Son Jesus Christ will be on earth when "the man of lawlessness" is revealed and does what he does on earth. 2 Thessalonians 2:3-4 does make specific reference to a singular man. 2 Thessalonians 2:3-4 Mounce Reverse-Interlinear New Testament (MOUNCE) 3 Let exapataō no mē one tis deceive exapataō you hymeis in kata any mēdeis way tropos; for hoti that day will erchomai not come erchomai unless ean the ho rebellion apostasia comes first prōton and kai the ho man anthrōpos of ho lawlessness anomia is revealed apokalyptō, the ho son hyios of ho destruction apōleia, 4 who ho opposes antikeimai and kai exalts hyperairō himself above epi every pas so-called legō god theos or ē object ebasma of worship, so that hōste he autos takes his seat kathizō in eis the ho temple naos of ho God theos, proclaiming apodeiknymi that hoti he himself heautou is eimi God theos. ἄνθρωπος (anthrōpos) Strong: G444 GK: G476 a human being, Jn. 16:21; Phil. 2:7; an individual, Rom. 3:28, et al. freq.; used also pleonastically with other words, Mt. 11:19; et al.; met. the spiritual frame of the inner man, Rom. 7:22; Eph. 3:16; 1 Pet. 3:4 ἀνομία (anomia) Strong: G458 GK: G490 lawlessness; violation of law, 1 Jn. 3:4; iniquity, sin, Mt. 7:23 ἀποκαλύπτω (apokalyptō) Strong: G601 GK: G636 pr. uncover; to reveal, Mt. 11:25; pass. to be disclosed, Lk. 2:35; Eph. 3:5; to be plainly signified, distinctly declared, Rom. 1:17, 18; to be set forth, announced, Gal. 3:23; to be discovered in true character, 1 Cor. 3:13; to be manifested, appear, Jn. 12:38;Rom. 8:18; 2 Thess. 2:3, 6, 8; 1 Pet. 1:5; 5:1 Worth watching the video @NEPatriotsFan1 posted but I do not think it is accurate for the reasons noted above. I think it very odd that Amir Tsarfati posted the second linked video TODAY about the Mark Of The Beast. Some sections of interest: 23:40 - 24:30 Ole 1611 King Jimmy 37:45 - 39:28 Mark Of The Beast 42:59 - 46:25 Rapture God The Son Jesus Christ can rapture HIS church at ANY moment. I am not mentioning this for any shock value just to note what HE said: Matthew 24:15-51 New International Version (NIV) 15 “So when you see standing in the holy place ‘the abomination that causes desolation,’[a] spoken of through the prophet Daniel—let the reader understand— 16 then let those who are in Judea flee to the mountains. 17 Let no one on the housetop go down to take anything out of the house. 18 Let no one in the field go back to get their cloak. 19 How dreadful it will be in those days for pregnant women and nursing mothers! 20 Pray that your flight will not take place in winter or on the Sabbath. 21 For then there will be great distress, unequaled from the beginning of the world until now—and never to be equaled again. 22 “If those days had not been cut short, no one would survive, but for the sake of the elect those days will be shortened. 23 At that time if anyone says to you, ‘Look, here is the Messiah!’ or, ‘There he is!’ do not believe it. 24 For false messiahs and false prophets will appear and perform great signs and wonders to deceive, if possible, even the elect. 25 See, I have told you ahead of time. 26 “So if anyone tells you, ‘There he is, out in the wilderness,’ do not go out; or, ‘Here he is, in the inner rooms,’ do not believe it. 27 For as lightning that comes from the east is visible even in the west, so will be the coming of the Son of Man. 28 Wherever there is a carcass, there the vultures will gather. 29 “Immediately after the distress of those days “‘the sun will be darkened, and the moon will not give its light; the stars will fall from the sky, and the heavenly bodies will be shaken.’[b] 30 “Then will appear the sign of the Son of Man in heaven. And then all the peoples of the earth[c] will mourn when they see the Son of Man coming on the clouds of heaven, with power and great glory.[d] 31 And he will send his angels with a loud trumpet call, and they will gather his elect from the four winds, from one end of the heavens to the other. 32 “Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. 33 Even so, when you see all these things, you know that it[e] is near, right at the door. 34 Truly I tell you, this generation will certainly not pass away until all these things have happened. 35 Heaven and earth will pass away, but my words will never pass away. The Day and Hour Unknown 36 “But about that day or hour no one knows, not even the angels in heaven, nor the Son,[f] but only the Father. 37 As it was in the days of Noah, so it will be at the coming of the Son of Man. 38 For in the days before the flood, people were eating and drinking, marrying and giving in marriage, up to the day Noah entered the ark; 39 and they knew nothing about what would happen until the flood came and took them all away. That is how it will be at the coming of the Son of Man. 40 Two men will be in the field; one will be taken and the other left. 41 Two women will be grinding with a hand mill; one will be taken and the other left. 42 “Therefore keep watch, because you do not know on what day your Lord will come. 43 But understand this: If the owner of the house had known at what time of night the thief was coming, he would have kept watch and would not have let his house be broken into. 44 So you also must be ready, because the Son of Man will come at an hour when you do not expect him. 45 “Who then is the faithful and wise servant, whom the master has put in charge of the servants in his household to give them their food at the proper time? 46 It will be good for that servant whose master finds him doing so when he returns. 47 Truly I tell you, he will put him in charge of all his possessions. 48 But suppose that servant is wicked and says to himself, ‘My master is staying away a long time,’ 49 and he then begins to beat his fellow servants and to eat and drink with drunkards. 50 The master of that servant will come on a day when he does not expect him and at an hour he is not aware of. 51 He will cut him to pieces and assign him a place with the hypocrites, where there will be weeping and gnashing of teeth. Footnotes: Matthew 24:15 Daniel 9:27; 11:31; 12:11 Matthew 24:29 Isaiah 13:10; 34:4 Matthew 24:30 Or the tribes of the land Matthew 24:30 See Daniel 7:13-14. Matthew 24:33 Or he Matthew 24:36 Some manuscripts do not have nor the Son. I'll stop here for now. Please let me know @Floridian if I answered Your question(s) or if You would like me to comment further on something. Go Moola Nova!
    5 points
  31. https://oilprice.com/Latest-Energy-News/World-News/Why-The-World-Needs-A-Weaker-Dollar.html Why The World Needs A Weaker Dollar By Yale Global - Apr 01, 2020, 6:30 PM CDT Major economies should pursue currency agreements to stabilize the US dollar, especially during the COVID-19 crisis, preventing a rapid rise against other currencies that is sure to trigger calls for protectionist measures. There is historical precedent. In 1985, the US dollar soared. The United States, West Germany, Japan, France and the United Kingdom – the Group of 5 world powers – met at the Plaza Hotel in New York on a Sunday in September, when markets were closed. Four nations agreed to appreciate their currencies to depreciate the US dollar. Rising dollar: With market volatility, investors seek safety with holdings in US dollars, hiking the currency's value in recent months (Source: Reuters) Multilateralism and discrete action were necessary to realign exchange rate stability and counter the strong dollar in the early 1980s, with particular significance to West Germany and Japan, two former adversaries that were gobbling up increased US industrial output. Former US Treasury Secretary James Baker III convenedthe meeting, expressing concern about rising protectionist sentiment among US industrial interests over an account deficit for the United States and surpluses posted by Japan and Germany. The meeting, held in stealth, was based on Baker’s close relationshipwith then-President Ronald Reagan, whose trust he had gained earlier as chief-of-staff. Baker’s idea ran counter to Reagan’s policy about controlling inflation with a strong dollar, but the president listened and liked the idea, knowing that protectionism over the long haul would do more to damage markets than promote domestic interests. The global economy faces a more calamitous situation today, namely with the COVID-19 pandemic, which has destabilized world markets and caused the dollar to rally against other world major currencies in a few weeks. Countries have feasted on cheaper, liquid dollars for several years and now the piper calls. In essence, a new Plaza Accord is necessary, even more so than in 1985, to soothe market volatility. Nonetheless, consider the many monetary changes over the last 35 years that may preclude such action: - World capital markets are much deeper, more complex and electronically integrated than in 1985. - Unilateralism, not multilateralism, is the guiding theme that most countries now pursue, as led by the United States. - China, a dollar-backed economy, would not readily agree to the depreciation of its vast dollar holdings. Related: Trump Proposes A $2 Trillion Infrastructure Intervention First, regarding the capital markets, dollar credit accounts for 14 percent of all non-bank global GDP as of 2018. In fact there are more $100 bills circulating worldwide than $1 bills, with 80 percent outside the United States. Bonds, loans and payments around the world are today denominated in dollars. These are not dollars owed to the United States, but rather covenants made between various parties that rely on the dollar as the most stable currency and the only game in town. The financial calamity caused by the coronavirus has delayed payments in king dollar, with numerous defaults expected soon or debts called in by creditors early. This has precipitated a global ripple. Dollars must be had, and quickly, or depreciating local currencies will result. The crisis has not spared even so-called safe-haven currencies such as the Japanese yen and Swiss franc from volatility, due to their liquidity for such payments. During crises, lenders seek to minimize risk. Further, commodity currencies, such as the Norwegian krone and Canadian dollar, which garner most of their support from stable oil prices, quickly depreciated with Saudi Arabia and Russia warring over oil-production cuts in the face of slackening demand. Second, with unilateralism, protectionism ensues. Countries try to contain the carnage on their own. Coordinated leadership is required. The US president, strongly unilateralist, seeks to influence economic policy directly. In the process, he has undermined trust among nation-states that he perceives as abusing US markets. This contrasts with Reagan’s style in 1985, authorizing Baker to pursue multilateral negotiations on his own. Massive credit “swap” lines, contracts recently opened by the US Treasury to reduce risks and assist aligned countries with dollar loans, are not enough to stem the tidal wave of demand. There are simply not enough dollars in the system to placate all outstanding dollar indebtedness. These debts include dollar-denominated sovereign and corporate issues from countries like Indonesia or Nigeria, which were later sold on world markets. Such bonds were not only absorbed by US investors, but also by those in the United Kingdom, Singapore, Dubai, and China. Third, China holds more foreign exchange reserves than any other country in the world, at last count, around $3 trillion. Foreign exchange is synonymous with the US dollar, generally speaking, with 62 percent of world reserves in dollars and euros a distant second at 20 percent. It would work against Chinese interests to devalue the yuan further. China, not a party to the 1985 Plaza Accord, is today the second-largest economy in the world, and its vast dollar reserves have assisted the nation in weathering financial storms better than other countries. Much of this was born during the financial crisis in 1997 when most Asian countries lacked the dollar reserves necessary to placate the stampede on local currencies. Yet such an agreement is unlikely. This time, developing countries are loaded for bear, hoarding dollars to the extreme. Nonetheless, many developing countries, such as Nigeria, Lebanon, and Turkey, have a much larger dollar debt-to-reserve ratio, even with large holdings, and feel the dollar squeeze. Slowdown: International trade growth was already slowing when the COVID-19 pandemic hit, triggering protectionist instincts and hoarding of US dollars (Source: Visual Capitalist) Nothing would assuage world markets more than orderly depreciation of the US dollar, with stabilization and appreciation of other currencies. A multilateral approach – conducted by a handful of leading finance ministers, with the backing of strong US financial leadership, away from news media – might calm global markets. None would want to tip the markets early, similar to the 1985 agreement when orderly depreciation of the dollar occurred and accomplished the immediate goal of rebalancing the dollar. Related: U.S. Drillers Face Doomsday Scenario As Some Crude Blends Hit $1 Today, the G20 has many more actors, many with political tendencies that resist the appearances of compromise. The European Union’s euro, successor to the French franc and Deutsche Mark, did not exist in 1985. Further, the digital world instantaneously conveys currency moves of any type. Any sudden market move would invite not only speculators but also reactionary capital controls from governments, both on dollar holdings and domestic currency. Nonetheless, this trying time of pandemic and collapsed oil prices mandates compromise and multilateral action – along with cooperation from a US president who holds his position based on "America first" policies. To be precise, the Plaza Accords were a prescription to soothe a short-term symptom of uncontrolled dollar strength, exactly what the world experiences now. Soon afterward, another agreement, the 1987 Louvre Accord in Paris, halted the dollar’s 18-month decline, exacerbated by speculators. Once again, the G5 agreed to exchange their currencies in a range, with a compromise between a pure floating and fixed-exchange-rate system. Japan was recognized as a world financial powerhouse during the Plaza Accord, and swelling of the yen’s value from ¥250 to ¥150 per dollar in a few months contributed to asset bubbles and fiscal mismanagement, eventually leading to stagnant growth and the “lost decade” of the 1990s for the Japanese economy. Nevertheless, the real target of both accords was West Germany, with its growing industrial might threatening to overwhelm US industry with an artificially low Deutsche-Mark exchange rate. Left unchecked, a soaring dollar will wreak havoc in emerging markets with rising inflation, collapsing currencies and a decline in US competitiveness. The 1985 agreement may have marked the last great initiative for multilateral control of the dollar’s ascendancy.
    5 points
  32. Babylon will be rebuilt. And it’s not going to be a $0.10 RI that will accomplish it.
    5 points
  33. Thanks Adam. I work at Meijer in Michigan. If you don't know what it is, it is a grocery/department store and we are open for business. I don't mind working right now but what I do mind are the people that come into the store because they are bored! There are some that come everyday. There are some that bring the whole family in "to get out of the house"! It is ridiculous what people are coming to the store for. A lot of what people are buying are unnecessary items. Most people can live off of their pantries and freezers for many weeks if only they would. Please everyone be mindful of the ones that are working to keep the food chain going. I praise all of the first responders and healthcare workers for their tireless efforts to keep people alive and safe! Pray for everyone! Maybe if people would stay home for a full 2 weeks we could slow the spread and be able to have the banks open again for RV! Stay Home and Stay Safe!
    5 points
  34. Thanks Ron, nice to see the Auctions still being conducted.
    4 points
  35. 4 points
  36. I guess the Dino’s exhaled and farted too much. Because archeology tells us that man did not have big industrial operations back then!!
    4 points
  37. Thanks CSM Thack ... I appreciate your comment. Yes, I live in SW Las Vegas - 23 years in AF (100 missions in VietNam) - thank you for your service Brother. Be Blessed..! Ron
    4 points
  38. I’d Show U The Liquor Cabinet - But President Davis And The Bro’s Are Having A ‘Cabinet Meeting’ ! Sometimes These Go On For Days - Especially When They’re ‘Self Quarantining’ ...
    4 points
  39. LINK Tehran calls on Washington to consider the repercussions of any provocative action that might be carried out by its forces in Iraq 21:53 - 01/04/2020 Yahya Rahim Safavi, the military adviser to the leader of the Islamic Revolution, Mr. Ali Khamenei, called on the United States to consider the consequences of any provocative operations before they are carried out in Iraq. Safavi said: "The United States must accept its illegal presence in Iraq and its occupation of its territories, and that Iraq will defend itself against American adventures is unavoidable." He added: "The violation of Iraqi sovereignty will not be in the interest of the American army and the American administration, and the region cannot tolerate a new crisis." Safavi stressed the need for the "American administration to reflect on the results before taking any provocative decision in Iraq." He stated: "Military moves in the American bases can be interpreted as reorganizing the ranks and minimizing any losses, but we do not exclude that they raise tension due to the continued occupation presence in Iraq."
    4 points
  40. https://oilprice.com/Energy/Energy-General/Unprecedented-Demand-Destruction-Marks-The-Return-Of-The-Super-Contango.html Unprecedented Demand Destruction Marks The Return Of The Super Contango By Tsvetana Paraskova - Apr 01, 2020, 6:00 PM CDT These days, every corner of the oil market is “unprecedented”—from the demand destruction to the supply surge and the resulting glut. The oil futures curve is no exception and is also in a state never seen before. This is the super contango, the market situation in which front-month prices are much lower than prices in future months, pointing to a crude oil oversupply and making storing oil for future sales profitable. The last time a super contango appeared on the market was during the previous glut of 2015. During the peak of the 2008-2009 financial crisis, the super contango hit a record—the discount at which front-month futures traded compared to longer-dated futures was at its highest ever. The double supply-demand shock of the past month threw the oil futures market into another super contango. And this super contango is already beating previous records. The super contango is representative of the state of the oil market right now: the growing glut with shrinking storage capacity as oil demand craters, OPEC’s leader and the world’s top exporter, Saudi Arabia, intent on further cratering the market with a supply surge beginning this month. Storage costs are surging, and so are costs for chartering tankers to store oil at sea for future sales when traders expect demand to recover from the pandemic-hit plunge. The market structure flipped into contango in early February, when the Chinese oil demand slump in the coronavirus outbreak led to lower estimates for oil consumption. A month and a half later, oil consumption is set to plunge by 20 million bpd, or 20 percent, this month. Add to this the Saudi supply surge, and here we have what analysts expect to be the largest glut the oil market has ever seen. Earlier this week, the oversupply and fast-filling storage capacity sent the discount of the May futures of Brent to the November futures contract to the widest contango spread ever—$13.95 a barrel, higher than even the super contango at the peak of the 2008-2009 financial crisis. With the rollover of the front-month futures contract in April, the June Brent futures traded early on Wednesday at a discount of $10.30 a barrel to the November futures, while the June 2020 futures spread to the June 2021 futures was $13.59. One of the hottest ‘commodities’ in the market right now is storage—be it onshore or offshore—as commodity traders and oil majors are increasingly looking to profit from the super contango in several months’ time. Apart from the traders who manage to secure storage for stashing crude for sale in a few months, the other big winners of the super contango market structure are set to be tanker owners and operators, as rates for chartering tankers for storage are soaring. Related: Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60 Over the next few months, the tanker companies will be the biggest winners from the double market shock as traders rush to secure what’s left of available crude carriers for storage in the super contango structure. The inventory buildup around the world will be so high that it will force up to 10 million bpd of global oil production to be “cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall,” IHS Markit said on Tuesday. “Under current conditions second-quarter global demand for oil is expected to be 16.4 million barrels per day less than a year ago. That is more than six times the record drop experienced during first quarter 2009 during the Great Recession. In April the drop will be even bigger,” said Aaron Brady, vice president, IHS Markit. “A combination of rapidly increasing crude supply and a buoyant market for crude storage is underpinning a very robust tanker freight market and strong cash generation presently,” tanker operator Euronav said in the outlook in its 2019 results release. However, it warned this would be a temporary event. “The second quarter of 2020 now looks like it will be one of the greatest quarters in history for large crude carriers, and while there will be a hangover at some point, this party is totally worth it,” Eirik Haavaldsen, head of research at Pareto Securities, told Financial Times this week. After the crude tanker operators, the next in line to profit from the super contango are the traders who will have stored oil to sell at higher prices several months or a year from now.
    4 points
  41. Trump talk about this today in Daily Presser Update he held around 530pm
    4 points
  42. 02-04-2020 12:42 AM US official: We have intelligence information about an Iran-backed attack on our forces in Iraq Baghdad / Al-Akhbariya: A US official confirmed to Reuters on Wednesday that American intelligence information about a possible Iranian-backed attack on American forces and installations in Iraq. And it indicates that it will be a denial attack, not like the missile attack launched by Tehran in Iraq in January. The official, who asked not to be named, added that US intelligence has been tracking leads for a while about a possible attack by Iran or Iranian-backed forces. The official did not disclose information about the exact timing of the attack or its targets. On Wednesday, US President Donald Trump warned Iran against paying a heavy price if American forces attacked Iraq. Trump tweeted on Wednesday: "Information and facts confirm that Iran or its proxies are planning a surprise attack on American forces and / or facilities in Iraq. If that happens, Iran will pay a very heavy price!"
    4 points
  43. I'm so tired I had to read that twice before I got it....LOL!!!
    4 points


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