News, Rumors and Opinions Thursday Morning 6-25-2020
TNT:
Tishwash: This is from Iraq's news
China begins the steps to dispense with the US dollar
June 25, 2020
A Russian website that specializes in economic affairs has monitored Chinese steps that pave the way to stop dealing in the American currency, pointing out that Beijing is storing gold for strategic purposes.
In this context, the "expert" website mentioned that the Chinese gold mining companies carry out large-scale activities in the field of gold mining, and accepts the purchase of other mining mining industries around the world with remarkable activity.
The report monitored the latest Chinese deals in this field, noting that the Chinese company “Zijin Mining Group” bought in early June the “Guyana Goldfields” Corporation, a medium-level gold producer mainly engaged in exploring, developing and exploiting deposits in Guyana, located in South America, in exchange for 323 million Canadian dollars.
This company last year produced about 150,000 ounces of gold, and the China Mining Company insisted on taking it, despite its high price of 35% due to competition from another company.
And the Chinese company itself acquired last March the mining company "Continental Gold Inc", which owns "Puerto Rica", which is one of the largest projects of gold production in the world with high reserves estimated at 3.7 million ounces, and paid for it 1.3 billion Canadian dollars.
The report concluded that China, after acquiring these new foreign assets, is now the largest producer of "yellow metal" in the world, noting that this behavior indicates that Beijing is storing gold for strategic purposes.
The competent website stated that China has been sending signals to the world that the dollar's dominance must end, and this trend has gained new strength in light of the confrontation with the United States, and Washington's threat to impose sanctions on Beijing.
Statements by Chinese officials warning that the United States will soon be able to impose severe and real sanctions have increased recently, and perhaps this is what prompted Fang Haixing, vice chairman of the China Securities Regulatory Commission, to say that China's dependence on the international financial system based on the dollar makes it vulnerable At risk.
The report said that China appears to have plans to change the global financial system to another based on the gold standard, which will allow the implementation of the main geopolitical goal of China, which is to get rid of the system of settlement of transactions in dollars.
China expects that in the future gold will become a reserve currency, and on its base in particular, the global financial system will be built, which will take the place of the current system. link
FullSail: If we are to be effective in our new journey facing right square in front of us, we will need to: recharge, recoup, reCreate with an internal tune-up oil change, reexamine, be clear minded of thought & purpose, set a brand new course with all the new information available to us that we am not aware of yet, ... then setsail under FullSail
We dont know what we dont know. Knowledge will be Key for our success. Learning from others may provide assistance to avoid stepping in a big pile of something we don’t want to step into.
Heads UP, stay Alert, Keep the Faith. WE are all in the best position for success than 99.999999999% of people who have not paid attention, we will be in a postion to help them and many many others.
Crazy as this sounds, the closer I get to this finish line, the more I feel of calm & peace, preparing for clear haaded thinking & decision making through the finish line. There'll be Plenty of Time for counting after the dealing is done (kennyRogers) ... been a marathon for most of us, indeed.
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Tishwash: In the documents … the final version of the borrowing law sent to the presidency
Our agency publishes the final version of the domestic and foreign borrowing law to finance the fiscal deficit of the year 2020 and voted in the affirmative in the House of Representatives and sent to the Presidency of the Republic for approval.
The House of Representatives voted yesterday, Wednesday, on the draft of the domestic and foreign borrowing law to finance the fiscal deficit for 2020 due to the delay in approving the federal budget for 2020 and the spread of the Corona pandemic in the world and the decline in crude oil prices significantly.
The Iraqi government is facing difficulty in financing public spending and in order to facilitate financing Necessary overheads. link
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Courtesy of Dinar Guru
Pimpy Article "Iraq officially discloses the date for Al-Kazimi's visit to Washington" This is big man. I don't know why. Call me crazy it's just a vibe that I have. I don't know how to explain it but something tells me this visit is going to be the big visit. I think we're gonna see some great things... hopefully Trump himself gets into this meeting and what we find out is they're very happy about the progress that's been made and we restore the sovereignty of Iraq and remove all restrictions off their currency and allow them then to trade on the Forex...it'll change the rate of an Iraqi dinar if it gets on Forex. There has been a lot of really positive and good news. A lot of good positive vibes. I like what's going on. I'm excited about it...
Iraqi Dinar News update for 06/24/20
Pimpy’s Investment Chat: Jun 24, 2020
Keiser Report | Paper Uprising, Fiat Spring | E1558
Jun 25, 2020
In this episode of Keiser Report, Max and Stacy discuss the staggering number of side hustles in our modern fiat system where at least 20% of listed companies are in the business of shuffling debt rather than manufacturing or producing anything of value.
They ponder the paper uprising of the Fiat Spring as the masses reject the wealth inequality of an economy printed out of thin air.
In the second half, Max talks to Conner Brown about the national security case for bitcoin. They also discuss how could bitcoin repeat what gold did to the XIXth century in turns of spurring innovation and investment.