Hard Currency War

[yota691]

financial intelligence

Monday 24 January 2022 118

 

 Yasser Al-Metwally

 

A new term that is being circulated among different economic circles (commercial, investment, banking, etc.) and is included within the concept of modern economic culture called (financial intelligence).

Simply, it means how to manage money properly directed to the financial and business circles, especially young entrepreneurs.

This term is based on the new concepts that emerge here and there that are imposed by global economic changes that are the product of waves of financial crises that strike the global economy, as well as the effects left by the Corona pandemic, which calls for dealing with the future with ideas 

New.

In order to identify the contents and concept of this term, and for the purposes of analyzing this economic phenomenon, we describe it with an assumed economic theory to simplify the concept.

This default theory targets young people looking for job opportunities by investing and managing their money according to the aforementioned conditions.

It also seeks to maximize profits as well in the business community.

This theory also aims to liberate the knot of holding on to public office by the unemployed youth, a culture rooted in the minds of generations and inherited and calls for dealing with global changes to ensure a more fortunate future according to this theory.

Her vision in this regard is justified by the fact that the returns of public jobs do not meet the aspirations of young people to build a future and wealth that will enable them to live in luxury. Rather, the employee and the wage earner spend his whole life until he reaches the retirement age while living on a limited income, and she sees this culture as a waste of time.

Based on the data we discussed, we conclude that the theory focuses on the nature of dealing with money (financial freedom) through earning more money and how to protect money through rationalizing consumption and working to achieve a savings surplus by temporarily postponing consumption to achieve a future goal.

The default theory calls for setting a budget for funds to control the pace of investment, and focusing on the possibility of raising the return on investment. For the purpose of achieving the foundations of freedom of funds, the theory focuses on developing financial information for young entrepreneurs, which leads to raising their skills towards achieving rational and sound management of funds.

This is simply our analytical vision of the concept, content and objectives of financial intelligence as a term directed to young entrepreneurs and aims to create a modern culture to look at the future of the entrepreneur community.

What concerns us here in Iraq, I find with the serious directions to support small and medium enterprises to support the unemployed youth to extract from the contents of this hypothetical theory or the new term more precisely the correct directions for managing borrowed funds in order to achieve a sound financial intelligence program to maximize the returns of their investments.

Those looking to engage in entrepreneurship should read between the lines of the article, and whether they find benefit from this hypothetical theory to develop their skills in managing their money, investments and future projects.

[currenzcraze]

**Financial intelligence**
Monday 24 January 2022
544
Yasser Al-Metwally

A new term that is being circulated among different economic circles (commercial, investment, banking, etc.) and is included within the concept of modern economic culture called (financial intelligence).
Simply, it means how to manage money properly directed to the financial and business circles, especially young entrepreneurs.
This term is based on the new concepts that emerge here and there that are imposed by global economic changes that are the product of waves of financial crises that strike the global economy, as well as the effects left by the Corona pandemic, which calls for dealing with the future with ideas New.
In order to identify the contents and concept of this term, and for the purposes of analyzing this economic phenomenon, we describe it with an assumed economic theory to simplify the concept.
This default theory targets young people looking for job opportunities by investing and managing their money according to the aforementioned conditions.
It also seeks to maximize profits as well in the business community.
This theory also aims to liberate the knot of holding on to public office by the unemployed youth, a culture rooted in the minds of generations and inherited and calls for dealing with global changes to ensure a more fortunate future according to this theory.
Her vision in this regard is justified by the fact that the returns of public jobs do not meet the aspirations of young people to build a future and wealth that will enable them to live in luxury. Rather, the employee and the wage earner spend all his life until he reaches the retirement age while living on a limited income, and she sees this culture as a waste of time.
Based on the data we discussed, we conclude that the theory focuses on the nature of dealing with money (financial freedom) through earning more money and how to protect money through rationalizing consumption and working to achieve a savings surplus by temporarily postponing consumption to achieve a future goal.
The default theory calls for setting a budget for funds to control the pace of investment, and focusing on the possibility of raising the return on investment. For the purpose of achieving the foundations of freedom of funds, the theory focuses on developing financial information for young entrepreneurs, which leads to raising their skills towards achieving rational and sound management of funds.
This is simply our analytical vision of the concept, content and objectives of financial intelligence as a term directed to young entrepreneurs and aims to create a modern culture to look at the future of the entrepreneur community.
What concerns us here in Iraq, I find with the serious directions to support small and medium enterprises to support the unemployed youth to extract from the contents of this hypothetical theory or the new term more precisely the correct directions for managing borrowed funds in order to achieve a sound financial intelligence program to maximize the returns of their investments.
Those looking to engage in entrepreneurship should read between the lines of the article, and whether they find benefit from this hypothetical theory to develop their skills in managing their money, investments and future projects.

https://alsabaah.iq/60027/الذكاء-المالي

[6ly410]

Surpluses and repairs

Sunday 06 February 2022 

https://alsabaah.iq/60535/فوائض-واصلاحات

 

 Yasser Al-Metwally 

 

The price cycle that affects oil wealth around the world is achieved according to political events sometimes and weather variables at other times. It is summarized by the concept of supply and demand theory in the past. However, this concept prompted us to describe it in a previous article entitled (Oil Deceit). From here we point out the necessity of not relying on oil rents as a single means for revenues and financial resources; In order not to repeat the scenario of pressures and the need for external borrowing that restricts the economy and submitting to the dictates that keep countries backward and at the mercy of the major countries controlling the global economy. We now believe that the opportunity for price recovery is favorable, and it should be exploited optimally to liberate the economy from dependence on the struggles of the big people and move on a path free from any economic dependence.

The surpluses of oil revenues achieved as a result of the recovery of prices in this period (the opportunity) must be dealt with away from those who push towards (spend what is in the pocket, what is in the unseen will come to you), but should be directed to rational investment that guarantees a prosperous future for the citizen and for future generations, by preserving These funds are in sovereign investment safe funds that achieve balanced growth of the economy by activating the production and service sectors in a way that addresses abhorrent unemployment, combating poverty and diversifying sources of income.

Sovereign funds are strong buffers for all the storms of financial crises and hot events (the white shark is useful on the black day).

The announced prices indicate large returns and surpluses that should be directed towards activating investment expenditures to enhance the required development processes and not to expand operational spending that eats all the increase, and beware of oil deception again and the talk is about the unapproved budget.

The need requires setting short and medium-term development plans to activate the productive sectors that require the adoption of rapid protection projects to support national production, both agricultural and industrial. To achieve many goals, including - in addition to what we have mentioned - achieving food security that is also threatened globally. It is required to give the Ministry of Planning the largest role in determining the governorates’ need for strategic projects after studying the governorates’ requests, in order to ensure their distribution in an orderly manner to limit trends of chaos in the geographical distribution of projects, in a way that ensures industrial and service integration in a way that achieves justice without affecting the executive powers of the governorates. The role of planning in defining priorities and needs in an orderly and decreed manner that excludes the repetition of similar projects except to ensure the interests of each governorate.

This path in the supposed and expected economic reform is one of the tasks and priorities that we put before the table of the new government and parliament, and this opens the door to discussing the priorities of the right path for economic reform.

 

[yota691]

The supposed path of economic reform

Sunday 13 February 2022 317

 

 Yasser Al-Metwally 

 

There has been much talk about the paths of economic reform in a country rich in its wealth and poor in its services. Isn't it time for correction? Let us draw an acceptable picture of a supposed and expected change in the course of economic reform, in a way that we can remedy the collapses that the country's economy is facing due to the absence of rational performance in managing the economic file.

 One of the priorities required to achieve a clear path of economic reform is to ensure that the next government’s program includes direct institutional building through the selection of a ministerial cabinet that includes competencies and specializations capable of implementing the requirements of sound institutional building and restructuring the state’s departments by placing the right man in the right place.

Institutional building requires serious laws that do not allow any decisions and procedures that hinder this structure, and these laws are among the duties of Parliament. Moreover, one of the requirements of reform is to reduce luxury expenditures for ministries and other institutions, including ineffective diplomatic missions. This is what concerns an aspect of the administrative reform that must be achieved in advance and a correct start to restructuring government institutions and building them again according to specializations and placing the right man in the right place. The main task that the prospective government is supposed to undertake is to adopt clear policies in managing public money and eliminating waste and corruption by supporting and activating regulatory institutions, especially the acclaimed Financial Supervision Bureau. It is useful here to point out that the current oil prices are encouraging to move towards a new path of reform through the development of a solid plan to revitalize and activate economic activity aimed at diversifying sources of income, and I think that this relates to revitalizing the productive sectors. The financial abundance achieved as a result of the high oil prices requires directing part of it to enhance investment allocations while not expanding operating expenses, in addition to creating sovereign investment funds, in order to achieve the goal of properly managing money and achieve the desired development goals. One of the challenges that the next government and parliament will face is how to deal with the advancement of human resources, by modifying the educational path and health services, in order to respond to the changes and requirements of the new era that occupies the entire world. Perhaps the experience of Singapore in correcting the course of its economic reform is the best example to be followed, which through these concepts (ie setting priorities) has managed to become the third richest and advanced country among the world’s countries in various fields, so it is necessary to benefit from its outputs.

[6ly410]

Arrows in the side of the economy

Sunday 06 March 2022 226

https://alsabaah-iq.translate.goog/61550/سهام-في-خاصرة-الاقتصاد?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

 

 Yasser Al-Metwally 

 

It is true that the dollar is the master of currencies in which the world agrees on its various transactions, which gives it the character of strength and a double-edged sword, and as a criterion for the strength and weakness of the local currencies of countries, but it is a blazing fire that burns the economies of weak developing countries. In a situation like the one that Iraq is going through, the country is located between two fires, the most bitter of which is the deadly poison, represented by external borrowing, and the second is the bitterness of fluctuation in its exchange rate and its instability at a certain price. Fire is a product of the countries dealing with the dollar and according to the mismanagement of dealing with the currency master. As for the first case, most developing and weak countries facilitate the process of external borrowing to patch up their distorted economic conditions, whether because of poor resource management or involving themselves in absurd wars and insatiable and insatiable events and sometimes due to force majeure outside her will. Here, the (reform trap) emerges, the slogan adopted by the International Monetary Fund, which offers its lending services through which services are apparently free and inwardly costly many times over. His tips to create social stressor confuse processors. A return to the exchange rate crisis that is raging between the citizen on the one hand and the executive financial administration and the legislative authority on the other hand, when the financial administration began issuing its decision to raise the exchange rate in favor of the dollar with justifications that were realistic and acceptable to all, as the goal was to prefer changing the exchange rate over external and internal borrowing To avoid falling into the trap of reform and with the aim of addressing the lack of financial resources (liquidity) that do not cover the needs of the country, in addition to the goal of activating the productive sectors on the other hand. In the sense that her decision is sound. On the other hand, the citizen - as usual, is known for his honorable stances in adversity - succumbed to the financial management procedures, kept silent and waited. But what did the decision leave behind to provoke a whirlwind of objections and cries of restoring the exchange rate to its previous era? What happened is that the effects of the shock, and I mean the decision to raise the exchange rate, were influential in raising the rate of inflation, which is a natural thing, so prices rose at rates not parallel to the price difference, as some traders took advantage of the circumstance, so the relative stability of the Iraqi market increased.

After the improvement in oil prices, the citizen began to get restless about the situation and the reason was the high prices of foodstuffs and medicines, which is a general situation that did not include the fragile class only, but also included the middle and the affluent as well, due to the loss of control and control over prices this first, and then the promises of the financial administration were not implemented to address the issues of the fragile class ( the poor) and the productive sectors were not activated. The new tone or the pretext that the rise in food prices came to increase prices globally, and this is not true because the next increase is still on the way and has not started yet. It is necessary to allow the financial management to find the necessary ways and sound procedures, not patchwork, to confront the danger of the creeping global price wave that alerted us. About it here on this page in a previous article in mid-October of last year

[yota691]

world economic system

Tuesday 22 March 2022 202

 

 Yasser Al-Metwally 

 

Two years ago, I wrote an article in one of the newspapers issued in London under the title (On the threshold of a new economic order), in which I expected a breakdown in global economic alliances between the major countries, based on my expectation of what will be left behind by Covid-19, which imposed the need for a new economic system.

Now that the predictions are correct, I mean here the features of this need as a logical result, and that is what the results of the Russian-Ukrainian war will leave behind.

Things are heading towards the need for a new international contract, as the concepts have deviated from their goals. No UN resolutions are useful and no international security council is effective. We also see and hear about the lack of attention by countries to international (UN) resolutions, not only by the major countries, but also by weak and developing countries as well. Meaning, we need a new social and political contract that regulates relations according to the changes taking place.

This contract is led by the new economic system that we expected in our article to take time, but things are heading for the need to formulate it faster.

There are no superpowers after today as long as they have undermined international resolutions and did not respect them, let alone the weaker countries, and here the language of power (the language of economics) emerges only..

We note the sanctions imposed by the member states of the Security Council on Russia to discourage it from its goals (regardless of its eligibility or not, this is not our business) as the member states face the same logic and penalties. Who is being punished who, we don't know?! No matter how powerful any country in the world has in terms of economic nuclear combat, it must be subject to the will of the peoples to achieve their destiny, and the fears of a certain annihilation if countries are forced to use nuclear because it is the black page for this behavior.

This harsh lesson imposed by the immediate circumstances in dealing with disputes calls on the countries of the world to a real review of the facts of things and deal according to the requirements of survival as an alternative to annihilation.

This difficult labor that the world is facing requires contemplation of a new economic system that is far from arrogance, domination and control over the fate of countries, but based on the exchange of interests and coexistence in peace and security, and a return to the (commodity barter) system. Give me water, give you oil, give me rice, give you technology, and so on.

There is no place for the logic of force and wars after all the tragedies that have befallen the world, but force in dealing rationally, and enough is enough for people of the evils of war.

The conclusion that we came out with is the imminent collapse of the global economic system with all its theories, just as the international contract that defined international relations has collapsed. ?.

[yota691]

Trade exchange is a joke

Sunday 10 April 2022 261

 

 Yasser Al-Metwally 

 

The broad manchette (trade exchange) fascinates us with Turkey, Iran, Saudi Arabia, and even any European or Western country. But in reality, we did not know what commercial exchange they were talking about, so is this really a joke or (April Fools' Day), for example, about which commercial exchange they are talking about? 20 billion dollars annually with this or that country, sums allocated to import goods and commodities from them, so what commodity do we export to them?!

If the export of oil is the criterion, then the bulk of these countries do not import it from us, as they are producers of it, and if there is a country among them that imports our oil, how much is the ratio and does it reach the concept of equal exchange: 20 billion against 20 billion, or do we import with 20 and issue dirhams a few to call this part mutually?.

We export Iraqi potatoes (according to the Minister of Agriculture), as he confirms the achievement of self-sufficiency in crops such as potatoes and others, and in return we import Turkish potatoes, we have been content with producing table eggs and importing table eggs, and so on and many more.

Now the lean years have invaded us due to global food shortages for various reasons, global warming, water scarcity, Covid-19 and its metaphors, high freight rates, the Russian-Ukrainian war and the creeping rise in prices, which we mentioned in previous articles, all of these challenges make us in a whirlpool of fear and confusion. Let us ask, is it not time to invest our wealth? 

agricultural.

In this way, we waste our wealth and our bounties and turn into a consuming and unproductive country. Unfortunately, the loss of Iraq’s wealth in this way, i.e. imported with oil revenues, will eat up the dredged river and weaken its solid land if we add to this waste the subject of corruption that is eroding the body 

Country .

In the face of this bitter reality, how can we build a civilized state, as the thinkers call for it?! How to achieve sustainable development that has become louder and hoarse than voices due to the many calls made by experts and thinkers of economics and politics.

Then the other matter that makes matters worse is that thousands of productive projects are idle, accompanied by disguised unemployment without production or productivity, unemployed people looking for work and universities that graduate thousands of students without work, and the state is saturated with unemployment?

Will we continue with a crippling trade balance that is enough for import? Without exporting, either it is time to invest surplus oil revenues to activate production and establish sovereign funds that preserve the rights of generations, or do we allocate them to the alleged trade exchange.

From here and from this free media platform, I invite Iraqi thinkers and economists to reconsider the concept of trade exchange and delete it from the dictionaries of economic terms with another concept, because it is really a joke. food.

[yota691]

My vision for the future of the global economy

Sunday 08 May 2022 140

 

 Yasser Al-Metwally 

 

The world is preoccupied these days with cautious anticipation of the poles’ conflict over who will lead the global economy in the future. The most prominent question here is whether there is a change in who will lead the center of influence? We expect that the result will lead to drawing the future of the new economic system, which we have already mentioned in our future forecasts in our articles during the two years. the past two.

This scene is embodied in the events of the Russian-Ukrainian war, which is the creation of the great poles who are betting on the sharing of influence in the world.

What is clear to me is that the widening of the conflict on Russia’s borders down to Europe is evident in the hidden conflict between America and China in a remarkable way, and the end result of this war is the weakening of the capabilities of Russia and Europe on one track on the impact of the Russian-Ukrainian war by proxy.

This war, in which there is no winner, and the loss is borne by the peoples of Russia, Europe and the world as a whole, by weakening the countries of this axis, with the indications of America and China watching the incident and their role only feeding the war machine. It seems that there is a hidden goal in the interest of the two giants, as if it were an agreed goal to redraw the global economic system and share its leadership among the four poles, namely America and Britain on the one hand, and China and Russia on the other, by weakening the European role and excluding it from the game of dividing the center of influence and power between the two poles. This is my vision My expectations are about what is going on in the course of a devastating and devastating war for the economies afflicted by this war and its well-known results, which are only in the interest of the two poles or the major players, America and China.

This creamy taste was swallowed by Russia, and it is feeding Europe with it, and it may take a long time.. The indicators had begun several years ago, represented by the cold war between America and China, between tug-of-war that led them to a hidden agreement to throw the ball into the court of Russia and Europe, and so, perhaps one of the tools of this conflict, most notably Covid-19. And who made the world in a whirlpool of analysis from the cause? The American and Chinese media machine was able to obscure the facts, and the conclusion was the weakening of capabilities and economies due to prevention and urbanization measures and the cessation of global economic activity.

 The game is not over yet, as the second half has begun, which is the food weapon that destroys peoples. This also falls within the objectives of the hidden conflict and the success of adults in creating a global food crisis by virtue of sanctions decisions on the one hand through proxy war.

What is required of Iraq, and indeed of its Arab and regional surroundings, in light of this bitter reality?

The countries threatened by famine must rearrange the conditions of their economies in order to secure them from the disastrous effects of the great conflict, by relying on the self-capacities and available capabilities until the end of this devastating war, which may be prolonged, and not relying on the conflicting countries.

I also think that the countries of the region should meet with Lobby as a windbreaker from the remnants of the war of adults, cooperation and coordination to secure the food of their people.

Then I repeat my call for Iraq and other countries in the region to turn to self-reliance and not to be subordinate to the flaming economies to ensure an active presence in the new global economic system in the future, one of whose features is the control of the two poles with their alliances.

The most prominent question here is whether a hidden agreement is taking place to share influence and lead the global economy, or did the scene seem pure coincidence? 

[yota691]

hard currency war

Sunday 19 June 2022 403

 

 Yasser Al-Metwally 

 

The economic war between the major players is a fever and its temptation, which is embodied in the currency war.

To what extent does the dollar dominate the capabilities of economic transactions in the world?

Will the attempts of some major players be able to reduce the dollar's dominance level in the future?  

In order to find out if this challenge is possible, we must monitor the course of things and the results obtained in order to build our expectations properly.

For a long time, attempts to dwarf the role and dominance of the dollar have been continuous by the major players Russia and China, but their attempts collide with a solid wall measured by the size of the hegemony occupied by the dollar as the master of currencies and the common language among the world in its commercial and economic dealings.

As a reminder, the attempts to establish the Asian Investment Bank was one of these means, with connotations of aiming to compete with the World Bank in transactions, but its effectiveness was slow.

But it seems that the conditions are favorable for him to take a quick step forward to become a tough and strong competitor, and perhaps the Russian ruble will open the door for him.

The lessons and lessons learned from this economic war and its results will contribute to the awakening of the world to a new reality that leads to economic relations and will lead to the new economic system that we have mentioned here in previous articles.

International reports and forecasts indicate that the West will be envious of its losses if the Russian currency continues to consolidate its gains and increase its strength, through additional strengthening of the ruble, which will lead to additional costs to the West when purchasing Russian energy resources.

Perhaps the decision of Russian President Vladimir Putin to accept payment for gas in the national currency led to a significant increase in the value of the ruble, and thus the greatest burden would fall on the West, which would be forced to deal in rubles.

If the ruble continues to strengthen its value in the coming months, Western countries will incur additional costs of converting their currencies into rubles to pay for the import of irreplaceable energy resources.

From this we conclude that such a development in events will increase the demand for the Russian currency in the world, and will also show the ineffectiveness of sanctions.

The actions of the Russian Central Bank greatly contributed to the strengthening of the Russian currency’s gains. Does this mean that any ruble was able to reduce the dominance of the dollar, the master of currencies in the world?

In light of this changing reality, lessons and lessons for countries and how to abandon the dominance of the dollar over their economy.

The question that arises now is what if China adopted the same method and monetary policy in imposing its currency, the yuan, in commercial transactions?

The conclusion that we conclude is that the dominance of the US dollar is threatened to decline, and this will make every country adopt its currency in transactions, and thus a change will occur in the shape of the global economic system in the future.

Nothing remains constant on Earth, everything is subject to change, as is the case with climate change around the world.

[screwball]

On 3/24/2022 at 12:25 AM, yota691 said:

Two years ago, I wrote an article in one of the newspapers issued in London under the title (On the threshold of a new economic order), in which I expected a breakdown in global economic alliances between the major countries, based on my expectation of what will be left behind by Covid-19, which imposed the need for a new economic system.

Now that the predictions are correct, I mean here the features of this need as a logical result, and that is what the results of the Russian-Ukrainian war will leave behind.

Things are heading towards the need for a new international contract, as the concepts have deviated from their goals. No UN resolutions are useful and no international security council is effective. We also see and hear about the lack of attention by countries to international (UN) resolutions, not only by the major countries, but also by weak and developing countries as well. Meaning, we need a new social and political contract that regulates relations according to the changes taking place.

This contract is led by the new economic system that we expected in our article to take time, but things are heading for the need to formulate it faster.

There are no superpowers after today as long as they have undermined international resolutions and did not respect them, let alone the weaker countries, and here the language of power (the language of economics) emerges only..

very true 100%

[screwball]

russia swiyched to gold backed ruble and only accepts ruble in exchnage for gas and up 30-50%

[screwball]

14 hours ago, yota691 said:

The actions of the Russian Central Bank greatly contributed to the strengthening of the Russian currency’s gains. Does this mean that any ruble was able to reduce the dominance of the dollar, the master of currencies in the world?

In light of this changing reality, lessons and lessons for countries and how to abandon the dominance of the dollar over their economy.

its coming you need to listen.....the Fed also said Dollar will loose all power

[screwball]

four central banks now bankrupt with Lebanon the last to announce their bankrupcy

[screwball]

14 hours ago, yota691 said:

Will the attempts of some major players be able to reduce the dollar's dominance level in the future?  

In order to find out if this challenge is possible, we must monitor the course of things and the results obtained in order to build our expectations properly.

For a long time, attempts to dwarf the role and dominance of the dollar have been continuous by the major players Russia and China

he is great says it the way it is......he knows China and Russia, Russia has made the move China is next

[screwball]

14 hours ago, yota691 said:

The actions of the Russian Central Bank greatly contributed to the strengthening of the Russian currency’s gains. Does this mean that any ruble was able to reduce the dominance of the dollar, the master of currencies in the world?

In light of this changing reality, lessons and lessons for countries and how to abandon the dominance of the dollar over their economy.

The question that arises now is what if China adopted the same method and monetary policy in imposing its currency, the yuan, in commercial transactions?

getting ready

[screwball]

14 hours ago, yota691 said:

The conclusion that we conclude is that the dominance of the US dollar is threatened to decline, and this will make every country adopt its currency in transactions,

telling you about Iraqs future

[screwball]

14 hours ago, yota691 said:

and this will make every country adopt its currency in transactions, and thus a change will occur in the shape of the global economic system in the future.

boom!

[screwball]

On 2/15/2022 at 5:34 PM, yota691 said:

It is useful here to point out that the current oil prices are encouraging to move towards a new path of reform through the development of a solid plan to revitalize and activate economic activity aimed at diversifying sources of income, and I think that this relates to revitalizing the productive sectors. The financial abundance achieved as a result of the high oil prices requires directing part of it to enhance investment allocations while not expanding operating expenses, in addition to creating sovereign investment funds, in order to achieve the goal of properly managing money and achieve the desired development goals

love it