More News, Rumors and Opinions Sunday Evening 11-7-2021
KTFA
Samson: Shall We Say Goodbye To The Dollar?
7th November, 2021
The United States of America has always used its currency to impose hegemony on various political, economic and military fields.
This has alarmed many countries, especially the allies of the United States, such as: the European Union, Japan and Turkey.
On the other hand, we see the (Russian-Chinese) alliance that is most upset and fed up with this prolonged domination.
It seems that there is a strong desire among countries with large economies to extract the hegemony occupied by the dollar, especially after America has turned its allies into “followers.”
Dominance of the dollar and the unipolar
“The search for an alternative bridges the economic gap and dismantles the American hegemony.” This is what we note through the headlines in which the economic newspapers are buzzing.
Will what we see of accelerated developments reach an actual result, or is it just a fake media propaganda?
The United States of America considers its currency as an economic power, and a powerful weapon that enables it to subjugate any world power that stands in front of it.
The idea of preventing the circulation of the dollar or dealing with it, and the prohibition of access to the American financial system, is a lethal weapon that the United States manages against its opponents.
This is what we actually see through the policies of the United States against some international companies, and even countries themselves, such as Iran, Syria and others. If we talk from a purely financial and economic standpoint, the financial system that links the world as a whole is the American financial system, which made the American currency the world's currency.
Important numbers about the dollar will surprise you, according to US Federal Reserve statistics:
The dollar is used in more than 85% of exchange and trading transactions, worldwide.
75% of the $100 bill is traded outside of US transactions.
The dollar represents 60% of the global reserves of US central banks.
The European Union supplies more than 80% of its energy needs in US dollars
The United States of America forces its allies to rely on the US dollar for trading.
The end of US hegemony in the global economy, the Chinese yuan
Many believe that what is being said and analyzes about the dominance of the Chinese yuan or the European euro, and the rise of the Russians and their allies, is nothing but media exaggeration. And a false policy, to influence the dominance of the dollar and try to defeat it.
On the contrary, analysts believe that there is a great fear of the collapse of the US dollar and the demise of its hegemony. They noted that there are great opportunities for the Chinese yuan to grow and be recognized as a competitor to the dollar in the short term.
Especially after the great vibration that hit the dollar in light of the epidemic that spread recently and the rise in the value of US debts to a value exceeding 28 trillion dollars.
As well as the alarming growth of the digital currency market, and the quest of global economies and multinational companies to adopt and frame such currencies, and support them.
But all this does not mean anything in front of the American control, which has not been shaken so far.
Despite what is being circulated in abundance, the dollar today and in the short and medium term will remain the master of the world, economically, politically, and militarily. LINK
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Samson: New Report: A Quarter Of US Congress Members Invest In Oil
6th November, 2021
A report by the US Common Dream website revealed that one out of every four members of the US Congress are investors in oil and fossil fuels, which may represent a major obstacle in the way of US President Joe Biden's agenda regarding mitigating pollution, climate issues and global warming.
The report, translated by the "Information" agency, stated that "Biden presented at the climate summit held in Paris an ambitious plan in which the United States pledged to cut greenhouse gas emissions in half by 2030, but the problem is that he will need members of Congress to pass legislation restricting fossil fuels, which is an industry in which dozens of senators and their families are personally investing.”
He added, "At least 28 families of US Congress members work in the oil, coal and other industries, where each family of the Democratic and Republican parties owns at least 3.7 million dollars in industry and at least 12.6 million dollars in oil-related investments." He continued, "It is truly ironic that at least six senators who have personally invested in the fossil fuel industry are on the environment or climate committees at the top of the Senate."
Senators have often worked to remove and disrupt any environmental or clean energy provisions from budget settlement legislation to protect their personal investments, which will put Biden's credibility on the line after the climate summit. LINK
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Samson: Egypt : The Central Bank comments on the date of putting plastic currencies on the market and the paper position
7th November, 2021
Well-informed sources at the Central Bank of Egypt told Al-Watan that the Central Bank has not yet decided on the date of issuing plastic currencies instead of paper, pointing out that what is being conducted on the street and on some sites at the present time is about the date of issuing currencies made of paper. “Polymer” in the Egyptian market is incorrect, noting that all estimations regarding the shape of the first date of issuance are incorrect, and that the state will not yet take any action against paper money.
The sources added that there are currently no operations to withdraw the 10 and 20 pound banknotes from the market to replace them with plastic, explaining that paper money is officially handled and circulated.
Central: We have not set a date for issuing plastic coins
The sources pointed out that the circulation or dealing in paper money has not been canceled as it is circulated by some, explaining that these funds are the official currency of the state and have not been canceled so far, and that whoever refuses to trade and deal with it exposes himself to legal accountability.
The government is currently working on issuing the latest plastic coins in the category of 10 and 20 pounds during the coming period, to officially enter the monetary system circulating in Egypt, and according to the statements of the sources, the date of issuing the plastic coins made of polymer material has not been set .
The first goal of introducing new plastic coins is to eliminate counterfeiting, keep pace with technological development, and reduce costs.
Many advantages of plastic coins
Plastic coins and their issuance come about because of an urgent necessity, as they are difficult to visit and also because they contain many other advantages.
Everyone is waiting for the date of issuing plastic currencies in Egypt because it is an urgent necessity in light of the spread of epidemics and viruses, the latest of which is the Corona virus, which has caused a crisis and turmoil in all monetary and financial markets, and it is also characterized by its ease of use in automated teller machines, in addition to the ease of folding in cash wallets, and it is also easy to use in automated machines for counting money.
Courtesy of Dinar Guru
Frank26 When the CBI withdraws most, if not all the 3 zero notes, will these three zero notes be null and void to you and me? Will we be able to go into an American bank and say, 'here's my 25k, I'd like to exchange it for the new exchange rate that the CBI put out'? Is the bank in the United States going to say to you, 'no, those are null and void. They were taken out of circulation.' No. The action is to remove the physical three zeros from circulation - period end of story...that's what they're doing at this very nano second...Mustafa said to the citizens, '...3 zero notes...will coexist with the new small category notes. They will be legal tender.' Why Mustafa? Because...it's going to take a little time maybe up to a year or more to retrieve the "mattress dinars" not just from inside of Iraq but from the whole world. You.
Pimpy I'm still keeping my fingers crossed that Al-Kazemi gets in there [As Prime Minister]. As a matter of fact he continues to work as if he will be in there for the next term. Let's hope that happens...because we're already heading in the right direction. You can see they're talking about letting the rate change go back...in increments. They're going to do it gradually. That's what you want. Oil is way up, more than they budgeted. There's a surplus. Outside investors coming in. It's been peaceful. Let's keep it that way. But I think there's a group of people called 'The Great Reset" that are hell bent on stirring up trouble over there.
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MARKETS A LOOK AHEAD: Stock Market Melt-Up, Currency Melt-Down. CRITICAL UPDATES.
Greg Mannarino: Nov 7, 2021