blueskyline

Thank You Yota . Perhaps a feeble plan to create instability ? No intention to steal for personal use ?

Thank You Yota . GM DV's

Thank You Yota . GM DV's ...If there were one time they were keeping things hidden (like a signed hcl agreement) It would be excellent if it were now . I can wish

*ditto*

Interesting video meant for the Crypto community. But what he has to show about what could be the announcement of calling for a New E SDR is very compelling. Thanks DWS112 GM DV's ...

Watch "*BREAKING* *Ripple/XRP: WEF Reveals Plans For e-SDR Digital Reserve Currency*" on YouTube https://youtu.be/64yK2T053aI

Thank You Yota . GM DV's ... For many days totals sales was in much lower millions of dollars and cash sales was at 0 . Now this . I get the notion that something has either been accomplished or changed within their current monetary policy ?

The great reset The WEF’s vision of a “great reset” recognises that what is needed to tackle these crises goes far beyond economic reforms, or climate measures, or tackling a pandemic – it is all of these combined, and more. It is the idea that global action needs to be underpinned by a mission to change society, to make it more inclusive and cohesive; to match environmental sustainability with social sustainability. It follows their call to “build back better” – one echoed by many around the world. The WEF seeks action across seven key themes: environmental sustainability; fairer economies; “tech for good”; the future of work and the need for reskilling; better business; healthy futures with fair access for all; and “beyond geopolitics” - national governments collaborating globally. The WEF says the key is reestablishing public trust, which is “being eroded, in part due to the perceived mishandling of the coronavirus pandemic”. But this may prove difficult, given there is little change in corporate or government leadership. The big hope is 78-year-old Joe Biden, who was US vice president for eight years during which many of these problems were mounting, not being solved. Sadly, the main cause for optimism is the fact that today’s crises are so great that they may provoke action. Future financial crises look likely. The climate crisis is increasingly accepted to be an existential threat. And now the pandemic is a huge economic and human disaster, with further such pandemics recognised as likely because of everything from the explosion in global travel to the effects of climate change.

https://www.google.com/amp/s/theconversation.com/amp/davos-2021-to-achieve-a-great-reset-we-cant-count-on-the-same-old-globalists-to-lead-the-way-153508........ WEF founder Klaus Schwab addressing the press conference ahead of Davos 2021. EPA Davos 2021: to achieve a 'great reset', we can't count on the same old globalists to lead the way Jonathan Michie, University of Oxford January 22, 2021 4.18pm GMT The 51st World Economic Forum starts on January 25, but with a major difference. Whereas this is famously the annual gathering at the Davos ski resort in Switzerland of global leaders from business, government and civil society, this year’s event will take place virtually because of the pandemic. Inevitably, the event for the 1,200-plus delegates from 60 countries aims to respond to the apocalyptic events of the past 12 months. “A crucial year to rebuild trust” is the theme, built around the “great reset” that World Economic Forum (WEF) founder Klaus Schwab and Prince Charles launched last year. The event will be accompanied by virtual events in 430 cities across the world, to emphasise the fact that we face global challenges that require global solutions and action. This recognises that the effects of the pandemic are likely to be increasingly compounded by other major global threats, including the climate crisis, financial crises, and social and economic inequality. To give just one example, the COVID-19 mortality rate in England in December was over twice as high in the most deprived areas than the least deprived. So how successful is the WEF’s mission likely to be? Lessons from history This is not the first time that global crises have required global action, but there have been mixed results in the past. After the first world war, the UK played a pivotal role in forming the League of Nations on the international stage. But this ultimately failed to deliver, with the UK’s insistence on post-war reparations undermining Germany’s economic recovery and political stability. First meeting of Assembly of the League of Nations in November 1920. Wikimedia When the world next sought to prevent future conflicts towards the end of the second world war, the lessons were to some extent learned from last time around. The allies met at Bretton Woods, New Hampshire, in the US in 1944 to develop policies for economic stability. This led to a new system of interlinked exchange rates organised around a gold-backed US dollar, as well as new institutions to help manage it, including the International Monetary Fund and what later became the World Bank. This was followed in the next couple of years by the United Nations and the forerunner to the World Trade Organization. The Bretton Woods system endured until the early 1970s when the US came off the gold standard, but much of the system created in the 1940s survives in one form or another today. The 2007-09 financial crisis, which involved the first global recession since the 1930s, led to many calls for action to prevent similar crises in future. There was some tightening of regulation, but the threat of instability remains due to excessive debts and too much speculation. With only the 1940s seeing a really adequate response to global crises, what will make the difference this time? The great reset The WEF’s vision of a “great reset” recognises that what is needed to tackle these crises goes far beyond economic reforms, or climate measures, or tackling a pandemic – it is all of these combined, and more. It is the idea that global action needs to be underpinned by a mission to change society, to make it more inclusive and cohesive; to match environmental sustainability with social sustainability. It follows their call to “build back better” – one echoed by many around the world. The WEF seeks action across seven key themes: environmental sustainability; fairer economies; “tech for good”; the future of work and the need for reskilling; better business; healthy futures with fair access for all; and “beyond geopolitics” - national governments collaborating globally. The WEF says the key is reestablishing public trust, which is “being eroded, in part due to the perceived mishandling of the coronavirus pandemic”. But this may prove difficult, given there is little change in corporate or government leadership. The big hope is 78-year-old Joe Biden, who was US vice president for eight years during which many of these problems were mounting, not being solved. Sadly, the main cause for optimism is the fact that today’s crises are so great that they may provoke action. Future financial crises look likely. The climate crisis is increasingly accepted to be an existential threat. And now the pandemic is a huge economic and human disaster, with further such pandemics recognised as likely because of everything from the explosion in global travel to the effects of climate change. The neoliberal drift A key question for this year’s conference, which is due to be followed by a second phase in Singapore in May, is whether a new form of globalisation will be developed. There was a free-market form of globalisation leading up to the first world war, then a retreat during the inter-war period. Bretton Woods led to an era of regulated globalisation from 1945 until the 1980s. But since then, the “global elite” has pushed back regulatory restrictions on everything from speculative financial flows across borders to mergers and acquisitions. A new era is required, building on the Paris Agreement to limit climate change now that the Americans are joining again - with more support of a Green New Deal geared towards achieving net zero emissions and making the global economy truly sustainable. We need bold initiatives to tackle the threat of future pandemics; financial speculation, tax evasion and avoidance, and the threat of financial crises; and to reduce the unsustainable inequalities of wealth, income and power across the globe. Will corporate and political decision-makers rise to the challenge? There needs to be sufficient popular pressure - from citizens, voters, consumers, workers, educators and activists - to push governments and business to change course fundamentally. These past few years have witnessed the Occupy movement, the Me Too Movement, Black Lives Matter and countless climate crisis groups. Calls for action have been coming from business leaders at Davos and elsewhere for years. The hope is that this time, the scale of the emergency will finally make radical change unavoidable

Amen and Thank You Ron !

https://finance.yahoo.com/amphtml/news/iraq-says-lower-oil-output-110319892.html...... Iraq to Lower Oil Production to Compensate for OPEC Breach Khalid Al-Ansary January 24, 2021, 7:43 am (Bloomberg) -- Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. OPEC’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That would be the lowest level since 2015 and compares with around 3.85 million in December, according to data compiled by Bloomberg. Exports, including those from the semi-autonomous northern region of Kurdistan, will be slightly more than 3 million barrels a day during the period, Nizar said in an interview in Baghdad, the capital. The figure for last month was almost 3.3 million. Baghdad’s ability to meet these targets depends on whether the Kurdistan Regional Government agrees to reduce supplies from fields under its control, Nizar said. The central government has complained in the past that it can’t control Kurdish production. The Organization of Petroleum Exporting Countries and partners such as Russia, an alliance known as OPEC+, agreed in April to slash output and bolster oil prices, which had been hammered by the spread of the coronavirus. Saudi Arabia criticized Iraq and other members including Nigeria for pumping above their caps on several occasions and called on them to make compensatory cuts. Iraq is still committed to the OPEC+ deal, which runs until next year, Nizar said.Following Saudi Its decision to pump less oil follows a similar move by Saudi Arabia earlier this month. With the virus still raging, the kingdom said it would reduce production in February and March by 1 million barrels daily, a surprise move that caused oil prices to rise. Tanker-tracking data suggest Iraq is already selling less crude. Exports slipped to just over 3 million barrels daily in the first 15 days of January, according to data compiled by Bloomberg. Benchmark Brent crude has almost tripled to around $55 a barrel since OPEC+ begun restricting supplies. But it’s still far short of what Iraq needs to balance its budget and bolster its economy. The International Monetary Fund forecast that Iraq’s gross domestic product would contract 12% in 2020, more than that of any other OPEC member under an output quota. Storage in Asia Iraq is mulling whether to build or use oil-storage facilities in Asia to reduce the risk of it not being able to send crude to its main customers, according to Nizar. Persian Gulf neighbors Saudi Arabia and the United Arab Emirates already stockpile some of their crude in Japan, South Korea and India. Most of Iraq’s oil has to pass through the Strait of Hormuz. Iranian forces have targeted tankers traversing the chokepoint several times since early 2019 and threatened in the past to block it. Iraq plans to export an average of 1.1 million barrels a day of its new Basrah Medium grade, Nizar said. The first cargo was shipped this month. Prime Minister Mustafa Al-Kadhimi’s cabinet is yet to sign off on a multibillion-dollar supply deal with China’s Zhenhua Oil Co., according to Nizar. Under the terms, SOMO will supply roughly 130,000 barrels a day of crude to for up to five years, with Zhenhua paying for the first year upfront. The pre-payment oil contract, a first for Baghdad, underscored the government’s need for cash.

https://almasalah.com/ar/News/204041/مظهر-صالح-يوضح-عبر-المسلة-الفرص-المتاحة-لطباعة-العملة-العراقية-ونتائجها-على-المستوى-المعيشي?fbclid=IwAR3xfxuiw-tRCJQ5_kV_tg2E7LzR3CofVEpEkzzITauPKwLIuieaAfasDZ4............. 01/2021/23 21:50 The number of readings 415 Section : File and analysis Mazhar Saleh explains through the obelisk the opportunities available to print Iraqi currency and its consequences for the standard of living Baghdad / Al-Masalla: The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, responded to the black-eyed expectations regarding the disastrous results of the option to print the Iraqi currency - according to the description of analysts and economists - by saying that such a scenario presents a very pessimistic economic prospect, and reminds the people of a stage A dangerous phase of the Iraqi economy during the international blockade on Iraq during the dark period 1990-2003 Saleh told Al-Masalla that public finances relied at the time on the cheap monetary policy and inflation financing at a rate of 95% of its revenues to finance expenditures at that time, that is, by using the mechanism of the monetary authority’s submission to the financial authority and its dominance in accepting government treasury transfers that the public finances consistently issue by the Central Bank. As he considers this government debt instrument as a financial asset matched by liabilities or liabilities, which is the currency issued to finance the absolute budget deficit (and convince the public that it is foreign money or (temporary) monetary wealth, but it is highly eroded in its purchasing power due to what it generates from inflation expectations that the citizen seeks every hour. ) .. He added: That financial policy dominating the monetary issuance in the levers of its financing at that time led to the creation of a huge monetary mass that generated surplus demand or spending within the overall economy that was not matched by sufficient commodity supply, which reflects the case over the course of twelve years to create continuous inflationary expectations. Caused by the continued strength of demand, it is said. And he went on: This financial policy, which was founded on the principle of government financing with an inflationary tool based on the super cash issuance, led to sharp and continuous rises in the general level of prices, and the inflation increased in it to become unruly and three decimal places, and the commodity that was equal to 20 dinars in 1990 became equal to 2000 dinars or more. During the 1990s, cash incomes declined and the standard of living declined. Dr. Mazhar Muhammad Saleh believes that the aforementioned warning is nothing but a very dark scenario to remind the people of a dark period of time that the people lived and their livelihoods were uprooted in the era of the siege of the 1990s and the few years that followed. Dr. Saleh expects that the state of Iraq will not reach that, but in spite of that remains the policy of relying on monetary policy to finance the deficit by issuing cash (or monetizing debt) easy government financial leverage and is known (in the event of its continuation) in the knowledge of public finance as one of the constraints of the fragile budget ( The dangerous) because it neglects the inflation indicators and its potential projections as a result of financing the budget deficit by issuing cash without realizing the risks of its repercussions on the level of individuals ’cash income and its deterioration. The economic advisor to the Prime Minister spoke to the obelisk earlier, about what the Iraqi public finances faced in the years 2020-2021, as the draft federal budget for the year 2021 indicates that the total deficit planned in it will rise to nearly 71 trillion dinars, and the aforementioned deficit will be no less than About 42% of total spending there, and a percentage of not less than 28% of the current GDP. Saleh told Al-Masalla that the contractionary financial conditions in Iraq have led to dangerous economic manifestations, as the contraction of demand or government spending in the year 2020 has led to a widening of the national income gap, and a drop in growth by about 11% from its rates. He added that the contraction was accompanied by an increase in unemployment levels that were not less than 25% of the Iraqi workforce, as well as an increase in poverty rates among the population, which exceeded 30% of the country's families. Obelisk

Thanks Thug ! Goid to see You !

Kazemi is a different Prime Minister. I believe he will go to war with these fanatics and their leaders

GM DV's . Much like in the past . When it looks as if the CBI has the security and stability needed . With the addition of the exchange rate change and talks of another , HCL progress and the massive drop in auctions. This is when the same enemy commits these same heinous attacks against the innocent. Painful .

Thank You Yota . GM DV's..... Tremendous pressure on the citizens with the added devalued dinar and tax coming

Thanks Ron

Thank You Yota .GM DV's .....Looks like a very promising New Year for Iraq 🇮🇶

Thanks Chuck , DWS112. GM DV's onward

Thanks Adam, Happy New Years !

Thanks Ron . Happy New Years !

no. not i

Thank You Yota . GM DV's . I Dare You !

Thanks and Happy Holidays Ron !

I have a question .The Fednow is rushing to produce a digital dollar (e dollar) to compete with China's digital yuan . Is it already made ? And could it quietly be in use in Iraq with this new exchange rate ? Digital currencies of countries are going to continue to show there face . I imagine in a very big way in Iraq with all the huge contracts going into effect very soon. At what point if at all possible could they quietly go into usage in Iraq ?