Mike Maloney, TNT and more Friday Morning 5-15-2020
Mike Maloney
The Biggest Event In World History - WTF Happened in 1971?
Mike was recently alerted to an excellent website by a friend: wtfhappenedin1971.com It is a simple site, that presents chart after chart showing the impact of a decision made by the Nixon administration in 1971.
It was a decision that is probably the biggest event in the history of the United States - yet it is never mentioned in schools, history books, or economic forums. So, WTF happened in 1971?
This was when Nixon took us off the Bretton Woods Gold backed real money and went to fiat currency….
Courtesy of Dinar Guru https://www.dinarguru.com/
Jeff Letter "ISX will be closed May 21, 2020 due to the National Holiday for Eid Al Fitter, The next session will be held on Sunday May 31, 2020." This is an official letter from the ISX...so a 9 day period the ISX will be closed. We're also looking to see if/and/or how long the currency auctions will be shut down for. We haven't seen that yet...
Delta Article: "The Security Council welcomes the formation of the government headed by Al-Kazemi and pledges its support" Quote: "...The members of the Security Council reaffirmed their full support for the efforts led by the United Nations Assistance Mission for Iraq...to support and assist the Government of Iraq and the Iraqi people through comprehensive political dialogue, reconciliation at the national and societal levels, and reform Economic..." In a precedent that had not happened before the UN Security Council issued a statement supporting Mustafa Al-Kazemi. ALSO the UN Security Council SUPPORTING IRAQ IN ECONOMIC REFORM...IT LOOKS LIKE UN GIVING THE GREEN LIGHT...
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TNT:
Tishwash: Iraq maintains the size of gold reserves at 96.3 tons
The UAE continued to increase its gold reserves by the UAE Central Bank by more than 3.9 percent during the month of March of 2020, by buying 1.1 tons more, to be the only Arab country to continue buying gold under the current conditions of the Corona virus.
According to the latest data issued by the World Gold Council, the UAE's possession amounted to 29.5 tons, which represents 1.4 percent of all reserves in it at the end of last March, as the data is issued two months late.
And the possession of central banks in 100 countries around the world is estimated at 34.86 thousand tons of gold by the end of March, according to the newly released official data.
The United States continues to control the first place with possession of 8133.5 tons of gold, which constitutes 78.3 percent of all the country's reserves, while Germany is second in possession of 3364.2 tons of gold, which 74.3 percent of all reserves.
The Monetary Fund comes in the third place, in light of its gold reserves estimated at 2814 tons.
The development of Arab states' possession
Most of the Arab countries' holdings of yellow metal did not change during the month of March of this year, compared to February, in order for the UAE to maintain its same position in the 10th rank at the level of the Arab countries.
The UAE was ranked fourth among the Gulf Cooperation Council countries after Saudi Arabia, Kuwait and Qatar.
The Kingdom of Saudi Arabia preceded it with an Arab head of a fixed size from the beginning of this year, 323.1 tons, which represents 3.2 percent of its total reserves, to maintain the same rank 18th in the world.
The possession of Lebanon of the yellow metal has reached the same since last January at 286.8 tons, with the acquisition of 28.8 percent of its total reserves, to maintain the 20th position globally.
Algeria's possession of gold reaches 173.6 tons, with the acquisition of 11.8 percent of the reserves in the country, to be ranked 26th globally at the same levels at the beginning of 2020.
Libya ranked 33rd with possession of 116.6 tons of gold, the same at the beginning of this year, with the acquisition of 7.1 percent of its reserves.
And Iraq was positioned in the same 38th place with the size of the same gold reserves at the beginning of this year at 96.3 tons, with an acquisition rate of 7.2 percent of its reserves.
Egypt was ranked 40th in the world after possession of 79.4 tons, representing 9.2 percent of the country's reserves, with the same reserves last month, and rising from 79.3 tons during the month ending January.
While Kuwait came in the same rank 41st in the world with the same size of its possession of the yellow metal with a volume of 79 tons, thus accounting for 9.2 percent of its reserves.
Jordan maintained the 49th position globally with a size of 43.5 tons of gold, accounting for 14.8 percent of its reserves, followed by Qatar in the 51st position the same last month with 42.2 tons of yellow metal, representing 5.4 percent of the total Qatar reserves, at the same levels.
Syria was ranked 60th after the UAE, with a reserves size of 25.8 tons, with a acquisition of 7.4 percent of the country's total reserves, and Morocco ranked 63rd in the world with a volume of 22.1 tons, with a 4.4 percent acquisition of the country's reserves.
Tunisia occupied the 81st position in the world, with gold reserves amounting to 6.8 tons, representing 4.5 percent of the country's reserves, and then the Kingdom of Bahrain ranked 87th globally with a volume of 4.7 tons, with the acquisition of 6 percent of the total reserves in the country link
Bushog: NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, do hereby proclaim May 15, 2020, as Peace Officers Memorial Day and May 10 through May 16, 2020, as Police Week. In honor of our hardworking law enforcement officers, Melania and I will light the White House in blue on May 15, 2020.
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Tishwash: The Iraq Mission notifies the United Nations of the program and priorities of the Kazemi government
he permanent representative of the Republic of Iraq to the United Nations, on Thursday, described the new Iraqi government headed by Mustafa Al-Kazemi as "a government facing crises", stressing that it will work to put solutions and limit weapons in the hands of the state and prevent turning Iraq’s land into an arena for international conflicts.
In a statement, the Ministry of Foreign Affairs said that the Permanent Representative of the Republic of Iraq to the United Nations, Ambassador Mohamed Bahr El-Ulum participated in the Security Council session that was held to discuss the report of the Secretary-General on Iraq, and listen to the briefing by the Special Representative of the Secretary-General and head of the Iraq Assistance Mission ( UNAMI ) Jenin Hennes Blackshart. "
She explained that "the ambassador gave the speech of Iraq on behalf of Prime Minister Mustafa Al-Kazemi, and began her with praise for the efforts made by Blashart in support of Iraq for the period covered by the report of the Secretary-General, stating that" the wave of demonstrations that erupted in Iraq is an expression of the state of mass discontent; Because of a lack of confidence in public institutions, and failures in meeting the challenges. "
According to the Foreign Ministry statement, Bahr al-Ulum counted this government as a "government facing crises, and will work hard to develop appropriate solutions", stressing that "in order for the government to be able to fulfill its obligations, implement its priorities, we must safeguard the sovereignty of Iraq, strengthen the rule of law, and restrict arms with the hand of The state, and preventing other countries from turning the land of Iraq into a battlefield or a platform for directing attacks against a third country. "
He stressed that "Iraq seeks to strengthen friendship and brotherhood relations with all neighboring countries," noting that "the priorities of the Iraqi government are to intensify efforts to confront the Corona pandemic, confine arms to the state, strengthen the rule of law, and formulate an exceptional budget draft that strengthens the ability to respond to financial crises." Economic, and to launch and sponsor a comprehensive national dialogue to achieve the demands of the demonstrators. "
Bahr Al-Uloom noted that the most important priorities of the government are to release salaries without delay, to compensate the families of the martyrs and the wounded from the demonstrators, to form a committee of experts to support the Independent High Electoral Commission in its efforts to organize early elections, and to form a special committee to prepare for strategic negotiations with the United States of America.
The permanent representative pointed out in the speech to the government's efforts in combating terrorism, calling on the international community to support Iraq in this regard, pointing out that Iraq places in the priorities of its foreign policy enhancing opportunities for cooperation with neighboring countries and the international community.
He expressed the aspiration of Iraq to obtain the support of the Security Council for the new government in facing the challenges, especially the Corona pandemic, the financial and economic crisis, and active cooperation in the field of combating terrorism.
At the end of his speech, according to the ministerial statement, he thanked the Special Representative of the Secretary-General and the head of the Iraq Assistance Mission and its team in Baghdad for their great efforts over the whole year since May 2019, expressing Iraq’s desire to renew the mandate of the UNAMI mission for one year. link