News, Rumors and Opinions Saturday 8-24-19
Samson: The British central bank calls for an end to the world's dependence on the dollar
24th August, 2019
Called on the British Central Bank Governor Mark Carney, Saturday, to get rid of the dependence on the dollar and unify the central bank's efforts to find an alternative reserve currency.
Carney told a conference of central bankers in Wyoming that the dollar's dominance in the global financial system was raising the risk of what he called a "liquidity trap," a very low interest rate and weak economic growth.
“With the reorganization of the global economy, the importance of the US dollar remains as it was in the period when the Bretton Woods system collapsed” (ie, the decoupling between the dollar and the price of an ounce of gold in the 1970s). Developing economies have increased their share of global financial activity to 60 percent, from 45 percent before the financial crisis 10 years ago, Carney said.
The dollar is still used in about half of international trade, more than 5 times the US share of global exports, making many countries vulnerable to the volatility of the US economy. Carney added that the problems in the global economy are related to activating protectionist and populist policies.
The governor of the Bank of England argued that the best solution would be to create a diversified multipolar financial system, which can be achieved with the help of contemporary technology. He suggested that it is possible to use cryptocurrencies for this purpose, which will reduce the impact of the dollar on global trade. LINK
Samson: US, Japan reach trade agreement
24th August, 2019
The United States and Japan have reached a general framework for a trade deal with the United States keeping tariffs on Japanese cars but Tokyo cutting tariffs on US beef and pork, the Nikkei business daily said on Saturday.
The agreement was reached on Friday in Washington and will be announced at a meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe on Sunday on the sidelines of the G7 summit in Biarritz, the paper said.
The report comes shortly after Motegi told reporters in Washington he and Leitzer had made "significant progress" in their talks. LINK
Tishwash: Standard & Poor's confirms its credit rating of Iraq at B- / B with a stable outlook
24th August, 2019
Standard & Poor's has confirmed its credit rating for Iraq at B- / B with a stable outlook.
The agency predicted that Iraq will record a budget deficit in 2019 and the coming years, due to the decline in oil prices and the needs of large spending.
Standard & Poor's also forecast that growth in Iraq will recover in 2019, supported by expected increases in oil production and a gradual recovery of non-oil economic activity.
The agency said it could cut its ratings for Iraq if the government increased spending beyond its expectations. LINK
Thank you Sierra
"Apologies for Mad Dog Confusion" by Sierra (NZ) - 8.23.19
Entry Submitted by Sierra (NZ) at 4:27 PM EDT on August 23, 2019
Thanks so much to Christopher for correcting my error - I made the mistake of assuming that the 'Mad Dog' in the Field McConnell interview was General Mattis....
"Re: General Mattis Confirms the RV has Begun" by Christopher S. - 8.23.19
It would be a pity to lose the heart of the message in my mistake. 'Mad Dog' clearly has strong inside information, and I agree with Christopher about the tremendous value of both Mad Dog and Juan O'Savin (whom I believe to be JFK Junior).
As you can imagine, a huge amount of research goes into writing each one of my posts. I make every effort to ensure that the information I present is accurate. Occasionally - because I am a spiritual person inhabiting a fallible human body - I don't get it right.
Once again, sorry! And thank you to the lovely people who caringly, without judgment, alerted me to the problem.
Please take heart that many people are now having dreams about the RV. Dreams never lie...
Where We Go One We Go All.
Love and Light
The Dow Jones Plunges 623 Points, 2's and 10's Yield Curve Inverts After Plan To Devalue The Dollar
Published on Aug 24, 2019
Economic collapse news. The Dow Jones Industrial average has just plunged 623 points after the announcement the Treasury could be planning to devalue the US Dollar. Gold and Silver also saw a jump in price but the dollar is not alone other currencies are also falling.