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Iraqi cash reserves fall by half in 2021

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24 minutes ago, Butifldrm said:

The Central Bank of Iraq as long as the country's money deposited in a banking institution also exercises the function of the Central Bank and bear the same objectives of stability. Nevertheless, we should avoid political risks with the host country. The risk of collisions with the United States (in my own view) bears a bitter and bitter historical experience in Iraq's financial history. Former US President Bush and then President Oboma until 2013 were specifically granting the CBI accounts (including Iraqi government deposits open in his name implicitly) and over a decade of immunity under an executive order issued annually on the basis of US emergency laws. All that is permissible is that it is necessary to avoid the possibility of legal risk under the application of the alternative self-alter ego and expose the reserves of the Central Bank to the risks of freezing acting on the Republic, not God's mercy. Before Iraq to be exposed in the nineties to such harmful legal practices adopted by Km in the jurisdiction areas of jurisdiction and other European and was severe damage to the Iraqi people.

 

 

 

 

STATEMENTS & RELEASES

Presidential Message to the Congress of the United States

 FOREIGN POLICY

 

 Issued on: May 18, 2018

SHARE:

 

 

ALL NEWS

Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)) provides for the automatic termination of a national emergency unless, within 90 days before the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date.  In accordance with this provision, I have sent to the Federal Register for publication the enclosed notice stating that the national emergency with respect to the stabilization of Iraq that was declared in Executive Order 13303 of May 22, 2003, is to continue in effect beyond May 22, 2018.

Obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.  Therefore, I have determined that it is necessary to continue the national emergency with respect to the stabilization of Iraq.

 

DONALD J. TRUMP

https://www.whitehouse.gov/briefings-statements/presidential-message-congress-united-states-11/

 

Y'all just letting you know I just realized the connection between 13303 and the reason Iraq does not move from IMF article XIV to article VIII.  Iraq still enjoys the protection of it's reserves from international liability.  Even if Iraq does increase the value of their currency unless it becomes ingternationally traded we will not profit.

 

You are amazing Butifldrm     :twothumbs:   :woot:  

 

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1 hour ago, Butifldrm said:

And the deletion of the three zeros of the Iraqi currency, Dr. Dagher replied that this issue, purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation,

 

 Not sure why the "technical" term, but glad to see they are talking about COINS! 💰

Edited by DWS112
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Remember, Iraq was technically under Sanctions too from the Saddam era, which has been lifted recently and slowly we see the companies and bank assets being lifted and monies returned now. So now they are able to move to IMF Article 8 too. So they may have not been able to go International even if they wanted too.

 

I am not saying you are wrong, but I am also saying there may have been other obligations needed fulfilled in order to go International.

 

3 hours ago, Butifldrm said:

Y'all just letting you know I just realized the connection between 13303 and the reason Iraq does not move from IMF article XIV to article VIII.  Iraq still enjoys the protection of it's reserves from international liability.  Even if Iraq does increase the value of their currency unless it becomes ingternationally traded we will not profit.

 

my-brain-hurts.jpg

Edited by newbieDA
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Thanks Thug ! Well the Eagles made a 14 year come back, let's hope Iraq can pull a "Hotel Baghdad" out of their ass ! I can see the lyrics now...." Up head in the distance , I see a shimmering lights. Saddam decided to light up Kuwait,  just for one night. He didn't know what he was doing and our soldiers lit him up...... It was a time to remember, it was a time, he never forgot. Welcome to the Hotel Badhdad , such a lonely place ! Such a lonely place ! His mind is definitely twisted, he never had any friends , he had all those pretty little goats that he called again. When the last one answered "bahhhhaaa ", the galley door gave way, and his head came off ! And you could here them say.... welcome to Hotel Baghdad " Good night DV !

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5 hours ago, Butifldrm said:

Y'all just letting you know I just realized the connection between 13303 and the reason Iraq does not move from IMF article XIV to article VIII.  Iraq still enjoys the protection of it's reserves from international liability.  Even i

Thanks Buti,  I appreciate your hard work and dedication to this board.

 

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Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold

 

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Director of Financial Operations at the Central Bank Mahmoud Dagher, "Economy News"

  

 Interviews

 

Economy News Baghdad

The director of financial operations and debt management at the Central Bank of Iraq, Dr. Mahmoud Mohammed Dagher, that Iraq's foreign currency reserves amounted to 58.7 billion dollars, noting that the net reserves of the Central Bank of 48.3 billion dollars, and the rest is the balance of the Ministry of Finance at the bank.

"It is natural that all the countries in the world hold financial assets, namely bonds and remittances, especially the US, because they are highly reliable and easy to compare with other assets," Dagher said in an interview with Al-Sabah Al-Jadeed newspaper.

He added that "the bank's reserves of 48.3 billion dollars distributed across eight countries to preserve the risks and comes in the forefront of the United States, Switzerland, France and Britain, while the distribution of these reserves on several types, including cash and bonds and gold," noting that "Iraq has 89 tons of gold And the depositor in London. "

"We can have a dollar bond and can change it into bonds in the pound sterling, euro or yen, but you can buy gold, and we have US deposits in dollars. All of these items are in our possession," he said.

"The citizen has the right to replace the local currency (dinar) in the US currency (dollar) through the window of the currency, which was called (auction currencies) to finance the import and this is applicable in all countries of the world, because the government alone has a dollar of exports Oil, and in return the dinar is withdrawn to pay salaries and finance projects in the sectors of construction, agriculture and industry.

He pointed out that "the Iraqi citizen can now travel for treatment or rest and recreation or even the acquisition of housing, all through the replacement of the national currency in foreign currency in the case of any citizen in any country in the world, while this was prohibited in the time of the former regime.

The director general of financial operations and debt management that "we funded the projects through banks, and here was the inability of contractors to pay the loans granted to them, because the government originally did not meet their obligations and did not pay the amount of the value of these projects and therefore the deficit, but the government "It started to pay off its contractors in 2017."

And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation, The central bank will inject the paper currency category 250 and 500 dinars to the local market in quantities that eliminate the existing health to be within the reach of the citizen to trade.

Views 1056   Date Added 30/08/2018

http://economy-news.net/content.php?id=13445

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Abadi adviser: Iraq's financial wealth increased to 58 billion dollars
 

 

 
 

Date Posted       30/08/2018 12:30 PM

 
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The prime minister's finance adviser confirmed the appearance of Mohammed Saleh, adding Iraq's financial wealth to $ 58 billion.

Saleh said in a press statement that the central bank has helped to help overcome Iraq's threat of terrorism.

He added that the coordination committee between the monetary and monetary policies succeeded in its work. He said that monetary policy is more transparent than fiscal policy, noting that the economy's economy created a convergence between the financial and monetary policies.

It is noteworthy that the financial treasure of Iraq witnessed a significant decline after the year 2000 and 14 because of the seizure of terrorist groups on a number of provinces and the collapse of oil prices.

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1 hour ago, Butifldrm said:

And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation, The central bank will inject the paper currency category 250 and 500 dinars to the local market in quantities that eliminate the existing health to be within the reach of the citizen to trade.

 

Does this say what I think it says?

 

B/A

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Just now, TMills6864 said:

I would be VERY interested in knowing what you "think it says" ...

 

I think it says they want to use coins, which are expensive to make but last longer and I think it says they are bringing smaller denomination bills to the streets. But it is hard to know what they are saying when I read their news...

 

B/A

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3 hours ago, bostonangler said:

 

I think it says they want to use coins, which are expensive to make but last longer and I think it says they are bringing smaller denomination bills to the streets. But it is hard to know what they are saying when I read their news...

 

B/A

 

agree boston, they look they are fixing to dump some of the categories back in circulation that the people doing commerce were complaining they do not have , the coins is a interesting topic unless they have a higher denomination coin , the people melted down the last set of coinage in circulation it was worth more melted so the cbi did away with them .. cheers 

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4 hours ago, 3n1 said:

 

agree boston, they look they are fixing to dump some of the categories back in circulation that the people doing commerce were complaining they do not have , the coins is a interesting topic unless they have a higher denomination coin , the people melted down the last set of coinage in circulation it was worth more melted so the cbi did away with them .. cheers 

Would have to agree, good news for all. 

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 Banks


Economy News _ Baghdad

 The economic and banking adviser to the Association of Private Banks Samir al-Nusairi said on Friday that the structural, structural and technical developments carried out by the Central Bank during the years 2016 and 2017 contributed to the emergence of prominent features to achieve financial and monetary stability.
Al-Nusairi said in an interview with Al-Iktissad News that "the Bank's actions contributed to the support it provided to the national economy during the economic and financial crisis and the war on terror. It is a bright spot and a success experience in a country that is going through harsh conditions and a historic phase that is the most difficult to meet the economic and security challenges. Which passes through any country in the world during the past four years such as Iraq, "noting that" efforts and wise policies and applications of monetary policy and development measures of the Central Bank in the difficult economic stage of Iraq, where the bank was able to draw a strategy for the years (2016-2020) Stability in the financial system, stimulating fiscal growth, financial inclusion, structural and institutional construction, and optimal investment in human capital. "
He added that "the Central Bank has achieved important achievements, including maintaining the inflation rate of not more than 2% and the level of foreign reserves within the acceptable rates in accordance with international standards as the foreign reserves of Iraq to the extent of $ 58 billion and stimulate the banking sector regulatory and supervisory and regulatory and establish new units within the regulatory structures of banks Such as compliance, combating money laundering, financing terrorism, managing credit and operational risks, issuing the Money Laundering Law 39 for the year 2015, forming the Anti-Money Laundering and Terrorism Financing Council, developing payment systems and implementing all payments by retail and telephone. Mobile and the establishment of national and divided work on the application of international standards in financial reporting in line with the transparency and disclosure of starters and the formation of the Iraqi Payments Council. "
He pointed out that "the Bank's efforts exerted daily to stimulate financial inclusion and the formation of the Financial Inclusion Council and draw a national strategy for financial inclusion and focus on the initiative to settle the salaries of employees for the purpose of raising the financial coverage of the population who do not have accounts in the banking system," explaining that "for the purpose of re-confidence in the sector The bank has re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance, as well as the establishment of the deposit insurance company in order to raise the savings rate at banks and reduce the percentage of home-based economy and thus stimulate the economy through activating the Investment banking and finance and take regulatory and structural measures and the introduction of the depository center in the Iraqi market for securities and the establishment of a national center to inquire credit. " 
Al-Nasiri said that "at the level of international banking relations, the Central Bank has been able, with exceptional efforts, to restore relations with Arab and foreign central banks and to deliver the achievements achieved over the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq's classification from the monitoring and follow- To the normal follow-up area every two years, "considering the visit of the Governor of the Central Bank Ali Al-Alak last month to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards Financial reporting and enhance the confidence of the Iraqi economy and Iraq's ability to adhere to international credit benefits and accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory.


Views 46   Date Added 31/08/2018

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Governor of the Central Bank of the {morning}: cash reserve is approaching 60 billion dollars

   
 

 
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17/9/2018 12:00 am 

An initiative to rehabilitate Baghdad bridges in coordination with banks

Baghdad / Abbas Abboud and Ahmad Abed Rabbo

The governor of the Central Bank Ali al-Alaq that the size of reserves of hard currency up to 60 billion dollars, and covers 170 percent of the size of the mass of the local currency, while revealing the existence of a plan for the future restructuring of the Iraqi currency. 
Al-Aalak said during a dialogue with him "morning", that the Central Bank will launch in coordination with the banks initiative to rehabilitate the bridges of Baghdad, similar to the Baghdad initiative launched to rehabilitate the public squares. Of things to be calculated for the central bank is the exchange rate stability, how is  it? What are your future plans in this direction?



- The stability of the exchange rate is one of the macroeconomic features, and is an important indicator of the stability of the country economically, which makes it a key task of the Central Bank, as stated in the law, because it is directly linked to the purchasing power of citizens, This means that any disruption in the standard of living of the citizens may increase the challenges faced by the government, so we have worked hard to stabilize the exchange rate and reduce inflation rates. . 
We have succeeded in overcoming a very complex and challenging phase, especially when the country's oil revenues have fallen to 70 percent in some months, in light of the war against terrorist gangs by setting a set of balances that have made inflation no more than 2 percent.


Will the value of the Iraqi dinar remain the same or is there an intention to raise it? 
- The exchange rate in Iraq follows a monetary policy based on the fixed exchange rate of the dinar and this does not mean absolute stability, may come under some circumstances may increase or reduce it according to various economic data. 
We are currently moving towards no change in the value of the dinar, as it is not right to make changes under completely unstable conditions, which may confuse the overall situation. Why are not there large quantities of small coins, and what is the reason for the absence of metal groups?



- We have small currencies in the appropriate quantities, but the frequent movement and circulation and use and lack of attention to lead to damage quickly, as the Central Bank of Iraq after 2004 to mint coins in large quantities but did not receive acceptance or popularity in the local market, which caused losses, Because the market has been accustomed to paper currency making it difficult to market the coin. 
So the central bank recently put in place a plan to compensate for the existing small categories damaged, as next month will be large quantities of them will meet the needs of the market completely. 
On the other hand, we receive a lot of damaged banknotes and replace them with new banknotes through an expanded committee that checks them to make sure they are correct. Our doors are open to citizens to receive any amounts of damaged currency. Where does the central bank print the local currency?



- We print in international companies, possess enough capacity to print banknotes within the advanced security standards in France, England and Germany, the design is by the Central Bank, and the paper used in printing is very high specifications. 
The Central Bank is trying to print non-counterfeit paper. We have succeeded in this. The counterfeit quantities are very few and negligible, and we have very advanced equipment in the electronic and electronic detection of counterfeit currency, called comprehensive machines, so we do not rely on human effort Just. The central bank has recently offered the category of 50,000 dinars, is there an intention to put the category of 100 thousand? - These ideas are traded by the Central Bank, but at the present time, there is a tendency in some countries to reduce the categories of currencies so as not to be stored or counterfeited, and that the currencies of small groups, may lead the citizen to bid farewell to banks for the difficulty of storage.




But generally the central bank has a future plan to restructure the Iraqi currency,
including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation in order not to be exploited in the fraud and other. How does the dollar sell in the central bank or what is known as the currency auction? - It is a common mistake now to talk about the currency auction in some media and social networking sites, while this auction has been suspended since 2006, but what is happening now is the process of financing the foreign trade of the dollar, covering the country's needs for import in addition to the requirements of travel and treatment And the transfer of profits resulting from investments  and others.





The government gets the dollar through the sale of oil and then replace the dollar with the Iraqi dinar from the central bank, because the balance of the state's financial dinars, and then the central bank to withdraw the local currency from the market and replace them in dollars, to maintain 
monetary stability  . 
The process of withdrawing the dinar by meeting the market need of the dollar represents a revaluation of the local currency, and this method does not represent the diligence of the Central Bank, as its law provides for the sale of foreign currency in a simple and unconditional manner, in addition to the existence of an agreement between Iraq and the IMF International approved by the House of Representatives in 2008 provides for this.
The situation in Iraq is different from other countries, because of the lack of diversity in the financial revenues of hard currency other than oil, as the Iraqi private sector is unable to support the local market in dollars through imports, which makes the market depends entirely on trade finance Through the 
central bank  . 
How much is the central bank's reserve of foreign currency and what is the size of the local currency's currency?
- The size of the cash reserve of foreign currency is always measured to the size of the currency mass of the local currency in the market, in addition to other international standards, especially as the International Monetary Fund recently developed a new standard, which added the ability of the state to cover trade and debt repayment. As for the Central Bank of Iraq, it has a reserve of foreign currency is very comfortable within international classifications and is ahead of other countries, compared to the mass of cash offered by the local currency, as the reserve is close to 60 billion dollars, compared to 43 trillion dinars, which means it covers 170 percent of the size The monetary bloc, especially as the Arab Monetary Fund considers Iraq to be a country that exaggerates the size of reserves of foreign currency. Are there any bodies that monitor the reserves of foreign currency and can the central bank act in such funds?




- The supervision is subject to several levels, foremost of which is the Internal Control Department of the Central Bank, in addition to an audit committee composed of independent observers who report to the Board of Directors of the Bank. The Committee also supervises the Internal Audit Department of the Central Bank. In addition, On the final accounts of the Central Bank, the data of this office are internationally accredited by the international financial institutions, not to mention the ongoing monitoring by the Office of Financial Supervision. 
The Central Bank of Iraq is the most institution subject to the multiplicity of regulatory bodies, and can not be disposed of any amount except within the standards provided for in the law and adopted internationally, so the rumored lack of reserve or conversion are all false rumors.
What happened during the past years, from the decline in oil prices sharply, so did not stop the revenues in some months to fill the salaries of employees, made the Central Bank to two options, either the collapse of the situation or intervention to save, so the government issued treasury transfers worth 20 trillion dinars, And we bought them from the market, which affected the size of the cash reserve at the time, but we maintained the balance by maintaining the reasonable level of this reserve in exchange for meeting the need for the budget and maintain the exchange rate and inflation rates, this achievement is recorded to the Central Bank and has become highly praised by international organizations. How do you evaluate your relationship to the country's fiscal policy?



- There is a close relationship, but along the line fiscal policy negatively affects the monetary currency, because the first may take certain trends do not benefit the second, for example when he notes a decline in foreign exchange reserves draws criticism to the central bank, but in fact When the budget law recognizes a financial deficit and provides for the deficit to be met by treasury transfers, it means that such remittances will be financed by the central bank. Is the number of private banks exaggerated, and how do you evaluate their work? - When I took responsibility, I found that the number of private banks and transfer and exchange companies outweigh the need of the market, as we did not grant any new license to open a commercial bank or leave a banking company, and we have canceled the financial transfer companies, with an intention to restructure banking companies, leading to control The biggest is there is a plan to merge some banks.




But granted us licenses to open a number of Islamic banks based on the facilities provided by its law as the Council of Representatives put a paragraph to help establish the reduction of capital required at the establishment. 
There are currently 70 banks working in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country. The initiatives of private banks to lend to citizens are very limited. Why? 



- As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the money of depositors and give them a percentage of interest, but Iraqi banks in general have great difficulty in the practice of this activity, when you grant a loan, often does not meet the borrower to pay on Despite the large guarantees taken by banks and the high interest rate, as borrowers could be up to 20 percent. The problem is that when the bank starts its actions against the borrower, for example, the property is facing a significant delay in legal proceedings by other parties, in addition to tribal or partisan threats, which makes banks afraid to grant loans. 
Recently, there has been talk of replacing the dollar with other currencies in remittances with Iran because of US sanctions. How will this happen?



- The transfer of the dollar from Iraq to Iran has been suspended since 2012, and the Iranians are aware of this, as the conversion in other currencies, because any transfer of dollars will pass the US Federal Reserve, which leads to the suspension of the transfer. Is there a control of the Central Bank in its branches in Kurdistan? - There was an abnormal situation in the status of branches of the Central Bank in Erbil and Sulaymaniyah, where it belongs to the Ministry of Finance in Kurdistan and this represents a violation of legal and constitutional, at a time that all the countries of the world have one central bank, so we moved with the provincial government and agreed with them to close those branches, And the opening of a new, so the Central Bank opened its new branch in Erbil and will open another branch in Sulaymaniyah, as the central bank is currently playing its full role in  Kurdistan. What is the role of the Central Bank in supporting community initiatives and activities, such as the Baghdad Initiative launched by the Association of Private Banks?



- We are working in the Central Bank to stimulate social contributions and initiatives by the banking sector and other financial institutions. We have established an optional fund called Tamkeen, in which banks and exchange companies participate in monthly amounts. We have established an internal system for this fund and a board of directors. As well as environmental and youth. 
Within this fund, we coordinated with the Ministry of Agriculture to dig artesian wells in some Iraqi provinces to contribute to solving the water scarcity experienced by the country, as we seek to launch the initiative to rehabilitate the bridges of Baghdad in order to appear properly. Honored by the Union of Arab Banks as the best Arab central bank governor, what are the most important achievements that led to this honor?



- We, as a central bank, have close relations with central banks and international or Arab organizations, and those relations we have worked to deepen in order to benefit from those institutions in the transfer of the central bank from a bank that works with the mechanisms, standards and objectives of the twentieth century to another working in the 21st century, We have succeeded for a long time in introducing new functions and tasks in the Bank's work related to financial and monetary stability, developing methods of monitoring and abiding by the rules, methods and standards of combating the laundering of illiteracy. Terrorism financing, risk management, overall quality and economic modeling  
.
The US Treasury Department said that the efforts exerted by the Central Bank in this regard are equal to the effort it has made in its previous history, as Iraq was classified in the financial organization responsible for the classification The countries within the framework of money laundering, within the gray area, and his way to enter the black area, to become a financially isolated area and the Iraq assessment report contains 700 observations. 
In the past few months, we have become the normal follow-up region, as we have been in the world, in the face of the great challenge that the country has experienced in terms of security and finances. So we have become very impressed with these financial institutions. , Federation of Arab Banks.

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13 minutes ago, yota691 said:

The process of withdrawing the dinar by meeting the market need of the dollar represents a REVALUATIONn of the local currency, and this method does not represent the diligence of the Central Bank, as its law provides for the sale of foreign currency in a simple and unconditional manner, in addition to the existence of an agreement between Iraq and the IMF International approved by the House of Representatives in 2008 provides for this. I want to see what will happen when they inject those lower notes into the market next month...cant wait.cheers dvers

 

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6ly410, i know i said it before....but i really do think that injecting smaller categories into the market is a deletion process..in essense, withdrawing or eleminating these higher notes is a process of revaluation...cheers bro

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28 minutes ago, yota691 said:

We are currently moving towards no change in the value of the dinar,

This is the crappy part of this article!

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4 minutes ago, DWS112 said:

This is the crappy part of this article!

Right.  Because I am sure they have EVERY intention of announcing an RV....

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8 minutes ago, navira said:

6ly410, i know i said it before....but i really do think that injecting smaller categories into the market is a deletion process..in essense, withdrawing or eleminating these higher notes is a process of revaluation...cheers bro

I absolutely agree .. the way those articles are written.. this is not just replacing damaged notes....imo 

Edited by 6ly410
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42 minutes ago, yota691 said:

6ly410, here it is bro---->we have small currencies in the appropriate quantities, but the frequent movement and circulation and use and lack of attention to lead to damage quickly, as the Central Bank of Iraq after 2004 to mint coins in large quantities but did not receive acceptance or popularity in the local market, which caused losses, Because the market has been accustomed to paper currency making it difficult to market the coin. 
So the central bank recently put in place a plan to compensate for the existing small categories damaged, as next month will be large quantities of them will meet the needs of the market completely. This is exciting times indeed

 

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2 minutes ago, navira said:

next month will be large quantities of them will meet the needs of the market completely

So...no need for metal coins? Quick and nice Navira!

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The way the article is written, it sounds like they are just replacing worn and damaged small notes.  I agree ther are not going to say " HEY! RV next week". But the article isn't that cryptic. For once

 

That stability part is BS. How much more stable do they think that are going to get? If they don't start giving there people some basic utilities and oil proceeds things will get a lot less stable.  In my humble opinion. 

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      You could of course ask what business the ‘indispensable nation’ had flying so provocatively near the Chinese coast.
      As we speak the following focal points undermine American hegemony:
       
      China, with an economy that will surpass that of the US this year (according to the Worldbank), has announced it intends to ‘de-dollarize‘ the world
       
      Russia is resisting the western power grab in Ukraine and will probably manage to make its influence in Ukraine felt again
      Jihadists are busy taking over the Middle East, enabled by the Clean Break/PNAC folly of the nineties, letting the Jihadist genie out of the bottle, leading straight into a Caliphate, probably run by Turkey.
       
      The US centric financial system around the dollar reserve currency facescollapse
       
      European nationalism is on the rise, with a positive view of Russia anddistrust towards America
       
      The recent Ferguson stand-off, flash robs, ‘game of knock-out‘ has shown that ethnic tensions are high and could explode and will explode once the US financial system will collapse
       
      There is an Euro-American constitutionalist undercurrent in US society that resents the way their country is developing.
       
      The globalist elite is completely unwilling to preserve the Euro-American character of the US, this new school year whites will be a minority for the first time and at some point a revolt can be expected from the Euro-Americans, just like happened anywhere else in the world where huge demographic changes occurred.
       
      Militarily the US are a paper tiger and the rest of the world knows it.
       
      Yes, it can create a lot of ‘shock and awe’ initially, but the US military has no staying power.
       
       In WW2 they showed up when the war was almost over and had to rely heavily on their senior Soviet ally, who did almost all the work.
       
      They were beaten by the tiny nation of North-Vietnam (ca. 20 million, China has 1300 million).
       
      And although sold as a victory, insiders know that effectively the US was thrown out of Iraq and did not accomplish anything other than handing over the country to the Iranian sphere of influence for free (for the Iranians that is, not the Americans)
       
      There is the 9/11 Sword of Damocles that won’t go away and has the potential of wiping out the entire US political class once a breakthroughcould be achieved
       
      What is a developing now for the US is a ‘convergence of catastrophes': potential wars with Russia, China and Jihadists at the same time, losing Europe as an ally, that will switch to Russia, losing reserve currency status of the dollar so the US can no longer pay for its imports,
      causing permanent ‘flash mobs‘ with strong ethnic undertones, which will prompt the ‘red states‘ to attempt to secede, which Washington will try to prevent.
       
      That will be the moment for a combined European-Russian military intervention in America, a repetition of what happened when The French and Dutch intervened in America in 1776 and made the decisive difference in achieving American independence from the British.
       
      This time it is neocon/AIPAC/NSA-Washington that constitutionalist red state America needs to be liberated from.
       
            [source]     The American Bogdan Milošević/Lech Walesa?
       
      The scenario will be in perfect symmetry with what is happening in Donbass/Ukraine today: a few red states declaring independence and seceding from Washington, the latter not accepting this development and mobilizes against it and civil war will be the result.
       
      This will be the moment for Greater Europe/the North to support the secessionists, first with weapon deliveries via French Canada, Mexico or, like in 1776, via the Caribbean, later with mercenaries.
       
      After all, if in the thirties 150 million Anglos could generate thousands of mercenaries to fight in Spain on the side of Stalin against Spanish Catholic nationalists, 700 million Europeans can be expected to generate a multiple of that number to prevent AIPAC-Washington from consolidating its power and establish a USSR-2.0 and ally itself with China against Greater Europe, similar to what Roosevelt America did in the thirties vis-a-vis the USSR.
       
      Source: 
      http://deepresource.wordpress.com/2014/08/23/china-plays-game-of-chicken-with-the-us/
       
      http://www.wucnews.com/2014/09/china-plays-game-of-chicken-with-us.html
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