KTFA, TNT, Lynette Zang and More Saturday Night 10-12-19
Don961: Media talk about the return of the world to the gold standard
Economy , 2019/10/12 11:16
Baghdad - Iraq today:
According to World Gold Council data, in the first eight months of 2019, dozens of central banks increased gold reserves by 1 At least tons.
Four central banks became major gold buyers in August.
Turkey added to its reserves gold in large quantities, storing 41.8 tons of yellow metal.
Russia, which pioneered gold purchases in 2019, added another 11.3 tonnes to its stockpile. Russia's central bank gold reserves in September exceeded $ 100 billion. Thanks to recent purchases, Russia this year alone has increased its gold reserves by about 120 tons.
China has bought another 5.9 tons in the past nine months.
Qatar increased its gold reserves by 3.1 tons.
Gold purchases by central banks increased in July, the website said. In total, last year, the world's central banks stored 651.5 tons of gold.
The World Gold Council noted that 2018 was characterized by the highest level of net annual purchases of gold by central banks since the suspension of the possibility of converting the dollar into gold in 1971 and the second largest annual total in history.
The attempt to get rid of the unstable dollar has become the main reason for countries' interest in gold.
The main buyers were Russia and China. They provided an example for other countries.
Peter Schiff, president of Euro Pacific Capital Inc, a brokerage firm, noted that the United States broke the gold standard in 1971, but in his view, the world would return to it.
“The days when the dollar was a few reserve currencies, we are back to the basics,” Schiff said. You know, everything new is Old Forgotten.
Gold has been particularly valuable in the past and its future. Central banks are smart enough to predict the future and increase their gold reserves now LINK
7-FA: A Young Marine Restores My Faith
It was our normal Thursday morning business meeting at our real-estate office. No big deal. Before the meeting we hung around the bagel table, as usual, with our coffee. He stood aside, looking a little shy and awkward and very young, a new face in a room full of extroverted salespeople.
An average looking guy, maybe 5 feet 8 inches. A clean-cut, sweet-faced kid. I went over to chat with him. Maybe he was a new salesman?
He said he was just back from Kabul, Afghanistan. A Marine. Our office (and a local school) had been supportive by sending letters to him and other troops, which he had posted on the American Embassy door in Kabul. He stood guard
He had come to our office to thank us for our support, for all the letters during those scary times. I couldn't believe my ears. He wanted to thank us? We should be thanking him. But how? How can I ever show him my appreciation?
At the end of the sales meeting, he stepped quietly forward, no incredible hulk. As a matter of fact, he looked for all the world 15 years old to me. (The older I get, the younger they look.)
This young Marine, this clean-faced boy, had no qualms stepping up to the plate and dodging bullets so that I might enjoy the freedom to live my peaceful life in the land of the free. No matter the risk.
Suddenly the most stressful concerns of my life seemed as nothing, my complacency flew right out the window with his every word. Somewhere, somehow, he had taken the words honor, courage and commitment into his very soul and laid his life on the line daily for me and us.
A man of principle. He wants to do it. Relishes it. And he came to thank us? For a few letters? I fought back the tears as he spoke so briefly and softly.
He walked forward to our manager and placed a properly folded American flag in his hands. It had flown over the Embassy. He said thanks again. You could hear a pin drop. As I looked around I saw red faces everywhere fighting back the tears.
In a heartbeat, my disillusionment with young people today quickly vanished. In ordinary homes, in ordinary towns, kids like him are growing up proud to be an American and willing to die for it. Wow.
We'll frame the flag and put it in the lobby. He only came to my office once, for just a few minutes. But I realize I rubbed shoulders with greatness in the flesh and in the twinkling of an eye my life is forever changed.
His name is Michael Mendez, a corporal in the USMC. We are a great nation. We know because the makings of it walked into my office that day.
Huntington Beach, CA
Cutebwoy: Calls for a large demonstration in all provinces on Friday 25 October
Demonstrators in Baghdad and the provinces plan to hold a large demonstration on Friday, 25 October, to continue to demand legitimate rights, fight corruption and hold accountable spoilers.
Issued activists important points for these demonstrations , including
1 – raising images of Imam Hussein , peace be upon him , and the banner of Ya Hussein , being a symbol of the revolution
2. raise the Iraqi flag
3. Each graduate wearing the uniform of his profession
4. Each craftsman wearing the uniform of his craft
5. Our demands raised means media formerly the first of toppling the government
6. There are no leadership for the demonstrations is the leader of the people are the same
7- present the absent knows the date of demonstrations
8. all the provinces in their regions … and all areas of Baghdad , heading to Tahrir Square on 25/10
9. repeat our demands , we announced the first of previously reported claim the homeland
10. is not allowed for any point of partisan or political revolution ride
11. taking caution and caution and follow Olaimat safety of tear bombs and firing live and other instructions that we’ve noted previously reported.
Tishwash: The UN is facing its worst financial crisis in a decade
UNITED NATIONS (Reuters) - The United Nations said on Friday it was facing its worst financial crisis in a decade.
Secretary-General Antonio Guterres sent a letter to UN staff outlining looming austerity measures, which he said would mean fewer flights, receptions, documents, reports, translations and even water refrigerators, as well as restricting employment.
Guterres described the current crisis as "the worst monetary crisis facing the United Nations in almost a decade," warning that the organization "is in danger of depleting its reserves of liquidity by the end of this month and default on payments of staff."
Reporters said austerity measures were visible at the organization's headquarters in New York, such as the stopping of escalators and the absence of central heating, and even the restaurant for diplomats is closed at 5 pm.
"There will be an impact on the work of the Organization in various aspects. Instead of focusing on our priorities, we are preoccupied with how to prioritize expenditures," said Secretary-General Stephane Dujarric's spokesman.
"We really don't have a choice," said Catherine Pollard, the organization's management official. "The main priority now is to secure the next salary for the 37,000 UN staff."
The United Nations has revealed a deficit of $ 1.4 billion in its operational budget for the year and has blamed the funding gap on 64 countries in arrears.
Only seven of these countries accounted for 90% of the deficit.
"When the rich refuse to pay, it is the poor who bear the burden," said a UN official, speaking on condition of anonymity.
At the 18th Doha Forum late last year, Qatari Foreign Minister Sheikh Mohammed bin Abdul Rahman Al Thani announced the signing of a multi-year agreement worth $ 500 million to support a number of United Nations organizations. International Organization. is over/6 link
Lynette Zang: THE US SLOWDOWN WIDENS: [10-Min Review] of the Wall Street Journal
Oct 9, 2019