Flamtap

Thanks Mary....I guess it won't be too much longer after the Iraqi Dinar reevaluation that all of the Arab nations go to something like the Euro €. Just my most humble opinion.

Good Morning and Happy New Year DV. I just read this article and thought to share it. I'm not sure which Topic it applies to Mods. So please move or remove it if you will. Unless you prefer to go through the many ads that are included in the link, the full text is included below. https://www-livemint-com.cdn.ampproject.org/v/s/www.livemint.com/news/world/2021-should-be-year-of-the-great-reset/amp-11609426486445.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQFKAGwASA%3D#csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From %1%24s&ampshare=https%3A%2F%2Fwww.livemint.com%2Fnews%2Fworld%2F2021-should-be-year-of-the-great-reset-11609426486445.html Photo: Getty Images 2021 should be year of the ‘Great Reset’ 4 min read . 06:25 AM ISTKlaus Schwab The pandemic has reminded us that we cannot aim solely for higher GDP and profits, on the assumption that maximizing these indicators automatically redounds to the benefit of society. A renewed focus on public health, net-zero pledges and the arrival of Stakeholder Capitalism Metrics will ensure that 2021 will be a new 'Year Zero’. The year ahead could be a historic one—and in a positive way. Seventy-five years after the original “Year Zero" that followed World War II, we once again have a chance to rebuild. The process after 1945 was literal: building anew from the wreckage of war. This time, the focus is on the material world but also on so much more. We must aim for a higher degree of societal sophistication and create a sound basis for the well-being of all people and the planet. After WWII, we developed a new economic philosophy grounded in collaboration and integration, with material well-being as its primary objective. This project gave rise to international organizations such as the World Bank, the International Monetary Fund and the Organization for Economic Cooperation and Development, as well as the arrangements that would evolve into the World Trade Organization and the European Union. Neoliberalism—a staunch commitment to free markets and limited government—reigned in the West, where it delivered decades of prosperity and progress. But this model has broken down. While covid-19 delivered the final blow, it has been clear for at least two decades that the post-war model is no longer sustainable, environmentally or socially (owing to today’s sky-high levels of inequality). English historian Thomas Fuller famously said that “the darkest hour of the night comes just before the dawn". And yet, we cannot simply assume that a better year will follow an annus horribilis that brought the greatest public-health crisis and the steepest recession in a century. We must act to make it so. I see three pillars to build on. First, 2021 could be the year when we bring covid-19 under control. If current predictions hold, several vaccines will become available. If they allow us to beat back the pandemic, we should undertake a reckoning of what we have learned from this crisis. Although vaccines can bring stability, they are not a panacea. Like a peace settlement that ends but does not reverse the devastation of war, stopping the pandemic is merely a first step. The greater challenge will be to fix the structural flaws in our systems and institutions, many of which have failed to provide the necessary care and services to all those who need them. It will be up to all of us to ensure that our social welfare and healthcare systems are made more resilient for the next generation. The pandemic has reminded us that we cannot aim solely for higher GDP and profits, on the assumption that maximizing these indicators automatically redounds to the benefit of society. It doesn’t, which is why the coming year must bring a “Great Reset" in how we approach economic growth and governance. Second, 2021 will be the year when every major government, as well as broad private-sector coalitions, commit to a “net-zero" target for greenhouse-gas (GHG) emissions. This means that, rather being stuck in a race to the bottom and fearing a continuous “free-rider" problem, the world can benefit from a virtuous cycle of decarbonization. Already, the European Union has agreed to “enshrine 2050 climate-neutrality in law", China has pledged to become “climate-neutral by 2060", and Japan has made a similar pledge for 2050. With Joe Biden having been elected president, the US is expected to rejoin the Paris climate agreement, and aim for 100% clean energy and net-zero emissions by 2050. These commitments amount to a historic development. China, Japan, the US and Europe together account for well over half of all GHG emissions, and over half of global GDP. The targets outlined in the Paris agreement are now eminently achievable on a national and regional level. Moreover, a series of industry and corporate commitments now complements government efforts. Never before has the global climate movement been so large and so concrete. Finally, 2021 will be the year when companies pivot from a strictly short-term-profit orientation towards strategies focusing more on the long-term viability of their businesses, and on the interests and contributions of all stakeholders. To be sure, business leaders embraced the concept of stakeholder capitalism back in 2019, with the Business Roundtable’s pledge and then in the Davos Manifesto of 2020. But they lacked the means to translate these principled commitments into measurable targets and non-financial reporting. That is no longer the case today. With the development of clear “Stakeholder Capitalism Metrics" in 2020, all companies have the tools they need to turn environmental, social and governance commitments into measurable action. Again, this is a historic breakthrough that will have global ramifications. The Big Four accounting firms—Deloitte, EY, KPMG and PwC—all contributed to the new metrics, and can now incorporate them into their own yearly reporting on company performance. And they are joined by a host of large financial institutions, from Bank of America to BlackRock, that have been increasingly vocal supporters of stakeholder capitalism. These three major developments—a renewed focus on public health and resilience, net-zero pledges and the arrival of Stakeholder Capitalism Metrics—all but ensure that 2021 will be a new “Year Zero". As in the aftermath of WWII, the building blocks are already in place, providing a foundation on which to construct a new era of improved well-being, inclusive economic growth and climate action. ©2020/Project Syndicate (www.project-syndicate.org) Klaus Schwab is founder and executive chairman of the World Economic Forum

I saw this article this morning.....all I could thinknyo say was LOL. Another Junk Currency, the Iraqi Dinar, Bites the Dust By STEVE H. HANKE December 22, 2020 4:36 PM Iraqi Prime Minister-designate Mustafa al-Kadhimi delivers a speech during the vote on the new government at the parliament headquarters in Baghdad, May 7, 2020. (Iraqi Parliament Media Office/Handout via Reuters) On October 15, 2003, Iraq began to distribute new dinar bills, graced with the likeness of an ancient Babylonian ruler and a tenth-century mathematician. By January 15, 2004, new dinars replaced the two types of notes that were in circulation. Old Saddam dinars were swapped for new dinars at a one-to-one rate, and each so-called “Swiss” dinar fetched 150 new dinars. Bank accounts and contracts were converted at the same rates, and Iraqi salaries began to be paid in crisp new notes. The new currency became convertible into foreign currencies at market rates. Iraq’s currency swap was heralded with great fanfare in Baghdad and Washington. As President George W. Bush put it: “The new currency symbolizes Iraq’s reviving economy.” Not so fast. Iraq has lacked law and order, let alone the rule of law. Without these, we should never have expected the new notes to ignite an Iraqi Wirtschaftswunder. They most certainly have not. Indeed, the neoconservative Paul Wolfowitz, the former Deputy Secretary of Defense and engineer of the Iraq War infamously predicted on March 27, 2003, in front of the U.S House Appropriations Committee that “There’s a lot of money to pay for this . . . the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years . . . We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” Anyone who believed in this nonsense must put great faith in the Tooth Fairy. Just look what has happened to Iraq’s junk currency, the Iraqi dinar. On Saturday, the Central Bank of Iraq announced a whopping 20 percent devaluation of the dinar. So, next week’s “Hanke’s Currency Watchlist,” which is nothing more than a rogues’ gallery of junk currencies, will include the Iraqi dinar: This brings me back to September 2003, when I recommended that Iraq replace the dinar with the U.S. dollar. If dollarized, Iraq would then have returned to a regime that it used from 1916-31, when the Indian rupee was its legal tender. The adoption of a stable international currency would have avoided the pitfalls of Iraqi central banking and would have immediately provide Iraqis with stable money. And, while stable money might not be everything — without it, everything is nothing. https://www.nationalreview.com/corner/another-junk-currency-the-iraqi-dinar-bites-the-dust/

Thank you as well Pokerplayer. Don't lose it all at the Table. If your name is any indication.....then you're most likely a winner anyways! I can see you now.....sizing up the dealers.....Lol

When it finally does RV, its gonna be a very sad day....... Not for those who have waited for so long but for those who kept coming to this site telling everyone its not worth it, it's a scam, it will never happen and they themselves never invested. I liken those type to people who are not Christians but troll the Christian website and pages just for fun. I can hardly wait to see the look of some of those faces. Not to rub it in but to scrub it out..... With that being said, Yeah, I said it Thank you Adam(as well as your Staff Members) for everything and I do mean everything you are doing and have done in the past As a VIP member I look forward to seeing you and the EXTRA BENEFITS on the other side. Yes, that is a SHAMELESS PLUG...... Flamtapping Out

@Carrello. I see you have a lot of questions there. Allow me please. First and foremost President Trump is am anti-globalist. He is against the New World Order. So it is only natural for those who are for it to do any and everything they can to actually fight him, make him look crazy, stupid, etc. In the 4 years he has been been president there have been many accusations against him. He's been taken to court....Russian collusion, you name it. Each and everytime there was news of his guilt. Now, I would ask you. Why is it that they could not produce the evidence to put him out of office? Why have they not produced anything in the 4 years to prove that he stole the election then? Where is their video evidence that Yahoo News and the AP News refuse to show. And when it is in their face on record they still refuse to call it what it is...fraud. Getting back to the news sources you quoted.....why did you not use anything say from Fox News. Oh wait. Let me guess.....that is not real news reporting in your opinion? Why were laws being changed without going through due process in many key states. Have Yahoo and the AP addressed this in their News Reports? Let me guess again. No, they haven't. Which is why this process is going all the way to the US Supreme Courts. I listen to both sides of the stories when I can and then make up my mind before just hesting or reading it from one side and then letting them make up my mind for me. You have your opinion and New source and others have theirs. Those suitcases in Georgia are on record and that is fact. I guess that is non-news for you. However, the real fact remains that there were a lot of irregularities in this election. Laws were ignored and the US Supreme Court will right the ship. The lower courts won't but its okay. PRESIDENT TRUMP will have his day in court. Win, Lose or Draw. That is due process. Something you would want for yourself if the shoe were on your foot, no matter if the news media ignored and certain individuals ignored the facts (especially on video).

I do believe I wrote that it was my best guess.....if you really want to know you can probably ask to sit in on a parliamentary session when they bring up the Oil and Gas Bill. Otherwise it is just a thought of why and as I stated....I believe there is a set date for this to occur. We're all in this together and eventually they will move on the chessboard and call zzzzzzzzz. You have to keep in mind though they are in charge of certain things they Can Not go around the IMF and World Bank forever. Especially after the World Financial Tour their Prime Minister just made. It seems the closer we get the shorter the fuses become.....I refuse to blow my stack. Got my eyes on the Prize for a Nice Surprise! Go RV

I don't know but my best guess is....they keep the dinar low, pay in US dollars and wait to RV. That way they don't have to worry about a 1-1 exchange rate. Unless, I'm off in my way of thinking, they are trading oil for dollars. Besides, there is a certain date that all of this must occur. We do know it will be soon. We just don't know how soon. However, the RV train slowing down so that it can stop at the station on the appointed date and at the appointed time. Either way, I am Optimistic! Go RV

Could it well be that the 2021 budget also includes the 2020 budget? Just typing out loud....

Thanks Yota, you are appreciated.

I think that by devaluing the dinar more iraqi citizens would be running to the banks trading in their dinars for the dollar. That would be out of fear that their currency will ultimately fail and they would be stuck with nothing(even less). Just my most humble opinion.

Knock Knock! Who's there? RV. RV Who? R V There Yet?

She must be a Republican.....

Go ahead Iraq, drop that RV on us, I'll pay off my $6646 in 4 easy payments.....😅 Thank you Mary B for all you do on this site. God Bless

Tangible positive results 'Soon'? That's what I'm talking about. Positive and soon in the same sentence. Nice! Thanks Yota

Beginning on the first day of the new FY.....hmmmmm I'm not getting too excited but this is international exportation and very good news.

Thank You 3n 1 that was a great bed time story. Sums it up for me in a nice little package. I await the next chapter in which the evil villains get their just due and the Iraqis get their Happily Ever After. Thanks again

Just a couple of questions come to mind. 1. Who appoints (installs) the Governor or the CBI? 2. If the Prime Minister appoints them then can they not work with each other to close the window? From my limited understanding, I do know both parts of that government are separated but so too is the U.S. still someone has yo be in agreement somewhere to iron out these issues, close the window, and give their currency some real global value. Thanks in advance for any and all responses.

Talk about getting a "whoopin" by Big Daddy! 🤣

Thanks Yota. This is going to be interesting. Seems like a squeeze play is enacted. I think the Baby is about to breach.....

I'm totally on board with you all. They are added to my daily prayer list from this day forth.....

discuss the International Monetary Fund’s proposal that the budget is every 3 years, not every year. This makes total sense, as it could not possibly be done every single year. I thought American politics was brutal before I started learning of the Iraqi politics. Sheesh!

This Woman has spent the past 4 years trying to catch the President of the United States with all types and sorts of nonsense and scams. Four whole years. Let me take a minute and think about this. Okay, I'm good. Now the President is supposed to be this Dumb, Crazed, Ignorant, Stupid........work with me here, I'm sure I left a few descriptive words out that they used.....ummmm......unfit, racist, divisive, so on and so forth man that ever took office. To date they have tried to impeach, catch in traps, twist his words and break his spirit with their wicked ways. None of their tactics worked so I guess he is not as dumb stupid,....you get the idea as they claim he is. However, it took One Lone Hair Salon Owner to set up the person that is in charge of her political party. in the words of Joe Biden.........COME ONNNNNNN MAN! A HAIR STYLIST Set Nancy Pelosi up? Isn't she supposed to be the Brightest Person on that side of the isle? If that all it takes then Give me four more years of what I have now. Minus the political treasonous acts that have been going on for the past 4 years to rid the country of a rightfully and legally elected President. I'm putting out a call to all hair stylist to ban together and go after the Nancy Pelosi's of her party. Obviously, they are much more intelligent. maybe we can get the Barber Shop owners to cut in on the action......(Pun Intended).

One of these days they are going to stop traveling from one side to the other and meet in the Middle where things will finally get done.

Now this is what I call a Barn Burner move.....I guess President Trump really did make an impact. Draining the Swamp has a new meaning in Iraq.....