Why Is Inflation So High? Plus How Your Wallet Can Survive
Why Is Inflation So High? Plus How Your Wallet Can Survive
December 21, 2022 by Josh Dudick
In the past few months, Americans have seen a sharp increase in the price of many essential goods and services. With salaries staying the same, this inflationary trend has frustrated many people, leaving them concerned about the future. The latest consumer price index (CPI) reports a 7.7% increase in inflation over the last year (a 40-year high). This inflation data shows that the average American family spends more each month to cover basic living expenses.
Which begs the question – why is inflation so high?
Why Is Inflation So High? Plus How Your Wallet Can Survive
December 21, 2022 by Josh Dudick
In the past few months, Americans have seen a sharp increase in the price of many essential goods and services. With salaries staying the same, this inflationary trend has frustrated many people, leaving them concerned about the future. The latest consumer price index (CPI) reports a 7.7% increase in inflation over the last year (a 40-year high). This inflation data shows that the average American family spends more each month to cover basic living expenses.
Which begs the question – why is inflation so high?
While there is no single factor that can fully explain this trend, there are a few key drivers that have contributed. Here are some of the culprits.
Too Much Money in The System
The COVID-19 pandemic necessitated a prolonged lockdown, keeping people inside their homes and businesses closed. While this helped curb the spread of the virus, it led to an overabundance of funds in the system.
People spent less, but cash was in surplus, driving inflation. America’s economic stimulus package was an additional influx of funds into the economy, further contributing to inflation. According to the Federal Reserve, Americans had extra savings of $2.3 trillion from 2020 to mid-2021 – that’s a lot.
All these got reinforced by shortages of everything from food to other household items, so people had less to buy. In the end, people started spending on whatever was left and, by so doing, bumping up the prices of these items.
Supply and Demand Imbalances
When there is more demand for a good than available supply, the price goes up. People are willing to pay more for goods when they are insufficient, racking up inflation figures.
At the height of the pandemic, when spending dropped and savings increased, the demand for goods and services decreased. But now that we have emerged from this crisis, people are more willing to spend, increasing demand.
To continue reading, please go to the original article here:
https://investedwallet.com/why-is-inflation-so-high-plus-how-your-wallet-can-survive/
More News, Rumors and Opinions Tuesday PM 12-27-2022
TNT:
Tishwash: They are honest: Iraq's oil exports are controlled by the Americans
The representative of the Sadikoun Parliamentary Bloc, Ahmed Al-Musawi, affirmed today, Tuesday, that Iraq's oil exports are controlled by America, while he indicated that the obstacles and obstacles set by Washington are attempts to thwart the Sudanese government.
Al-Moussawi said, in an interview followed by Al-Malooma Agency, that "Iraqi oil exports are subject to US control," pointing out that "the US Federal Bank sent a small part of the oil money, which caused a rise in the exchange rate of the dollar."
He added, "The United States of America controls the Iraqi market, and this domination must be eliminated."
Al-Moussawi pointed out, "The Federal Bank's continuation in sending insufficient funds to the market makes the government have the option of reducing the quantities of exported oil."
He pointed out that "the government's decisions to reduce the exchange rate of the dollar are successful and are a message of reassurance to the Iraqi people." link
TNT:
Tishwash: They are honest: Iraq's oil exports are controlled by the Americans
The representative of the Sadikoun Parliamentary Bloc, Ahmed Al-Musawi, affirmed today, Tuesday, that Iraq's oil exports are controlled by America, while he indicated that the obstacles and obstacles set by Washington are attempts to thwart the Sudanese government.
Al-Moussawi said, in an interview followed by Al-Malooma Agency, that "Iraqi oil exports are subject to US control," pointing out that "the US Federal Bank sent a small part of the oil money, which caused a rise in the exchange rate of the dollar."
He added, "The United States of America controls the Iraqi market, and this domination must be eliminated."
Al-Moussawi pointed out, "The Federal Bank's continuation in sending insufficient funds to the market makes the government have the option of reducing the quantities of exported oil."
He pointed out that "the government's decisions to reduce the exchange rate of the dollar are successful and are a message of reassurance to the Iraqi people." link
Tishwash: American drones flying over Baghdad International Airport!
Today, Tuesday, a security source said that American drones flew over the Camp Cropper base at Baghdad International Civil Airport, while confirming that the Iraqi airspace is controlled by British Serco companies, which allows foreign planes to use the airspace comfortably.
In an interview with Al-Maalouma agency, the source said, "Today, Tuesday, Baghdad International Airport witnessed the flight of American drones over its airspace, which directly threatens the country's sovereignty," noting that "the planes were flying over the American Camp Cropper base."
He added, "The Iraqi airspace is controlled by the British company Serco, which allows the country's airspace to foreign warplanes, except those belonging to Washington or the so-called international coalition in all its countries," pointing out that "the number of aircraft reached two and is similar to the aircraft that targeted the leaders of victory (Abu Mahdi). The engineer, Qassem Soleimani) in the airport crime.
The source explained, "Washington's continuation of the policy of violating Iraq's sovereignty and penetrating its private security joints is a dangerous matter, which requires a government move to end the American presence in all its forms in the country."
He asked, "What are warplanes doing over a civilian airport, and who is the victim that Washington wants to get rid of this time?", expressing his astonishment at the "governmental and parliamentary silence over the ongoing US violations." link
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BlueKnight: Remember an earlier agreement reached between Kuwait & IRAQ as negotiated with the IFM is that the IQD will not RV to more than Kuwait Dinar or more than 3 IMF SDRs = $ 3.99 Max
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Courtesy of Dinar Guru
Mnt Goat Remember that January is the CBI’s most opportune time to change the rate of their currency to start off their new fiscal year. This is why they push also for getting the budget done by then. I am convinced this is now a factor too. Also we hear, as usual, that the latest HCL changes are going to be accepted and passed. ...This is all excellent news.
Frank26 I think it's important I say to you...the Iraqi dinar is not officially de-pegged from the American dollar yet (wink, wink, wink)...Iraq has still not been given Article VIII (wink, wink, wink)...the government is not officially formed yet (wink, wink, wink)...the calculation for the exchange rate is not in the new 2022 budget (wink, wink, wink)...
The World Economy Is Being Wiped Out BY DESIGN. Updates: Stocks, Gold, Silver, MORE!
Greg Mannarino: 12-27-2022
WHEN DOES IT HIT THE FAN?
Mike Maloney:b 12-27-2022
Join Mike Maloney for a look at some alarming economic indicators that suggest we are headed for an event of historic proportions.
What is Meant by Currency Float? What are the Advantages and Disadvantages?
TNT:
Tishwash: this is in Iraq's news hmmmm they want their people to understand a currency float!
What is meant by currency float? What are its advantages and disadvantages?
The floating currency is intended to leave the value of a country's currency to supply and demand when compared to another currency. There are millions of traders around the world buying and selling currencies, which helps determine their value for others.
The floating exchange rate is determined by these daily interactions between traders. If investors By buying the US dollar heavily, it is likely that its value will rise against other currencies, and this means that more dollars will be needed to purchase the same number of goods from abroad.
TNT:
Tishwash: this is in Iraq's news hmmmm they want their people to understand a currency float!
What is meant by currency float? What are its advantages and disadvantages?
The floating currency is intended to leave the value of a country's currency to supply and demand when compared to another currency. There are millions of traders around the world buying and selling currencies, which helps determine their value for others.
The floating exchange rate is determined by these daily interactions between traders. If investors By buying the US dollar heavily, it is likely that its value will rise against other currencies, and this means that more dollars will be needed to purchase the same number of goods from abroad.
The writer, Mohamed Abdel-Khalek, is an economic analyst
How does the currency float system work?
The basis of the currency floating system is supply and demand. If the supply is greater than the demand, the value of the currency will decrease. On the contrary, if the demand is greater than the supply, its value will increase.
In the short term, the float can be affected by factors such as speculation, natural disasters, and political news, for example: elections can often lead to periods of negative sentiment if an extremist party has a chance to grab power.
As for the long term, the floating exchange rate in the foreign exchange trading market tends to fluctuate based on the economic performance of the country and its trade balance, if the economy is performing poorly it tends to see less investment from abroad, this means that less demand is made for the currency and thus exerting negative pressure on its worth.
The trade balance is the net of what a country exports and imports, so if a country imports more than it exports it has a net flow of its currency, this is because it demands more goods from other countries than those countries demand from them domestically, in return, the country sends more of its currency to abroad, thus increasing the market supply and decreasing its value.
Theoretically, a flotation mechanism can help countries recover from recession. This is because their currency tends to weaken as a result of poor economic performance. In turn, exports become more competitive because they are cheaper in the international market.
This can help provide a boost to local exporters. At the same time, imports become more expensive. This may make goods more expensive in the short term but has the potential to boost alternative domestic suppliers who become relatively cheaper.
Advantages of floating exchange rate
1. Stability in the trade balance
The trade balance is the difference between what a country imports and what it exports. It may also be known as "net imports". This is an important economic aspect because it is a component of a country's economic output.
A floating exchange rate allows for more stability in this region as the currency is volatile. When a currency depreciates it means that exports become cheaper to the rest of the world. This provides a boost to the balance of trade between countries as they can export more because they are relatively cheaper than their competitors.
By contrast, when a country sells a large number of goods abroad and has a positive trade balance, its currency is likely to strengthen, meaning that other countries will start to find it more expensive to import from that country. In turn, countries may look where Another about cheaper goods, which negatively affects the exchange rate.
2. Stability of inflation
One of the main drawbacks of a fixed exchange rate is that countries will naturally “import” higher prices, so the benefit of floating is that hyperinflationary countries will experience a depreciation of their currency, and this will then help offset the inflationary effect on other countries.
3. Decrease in foreign exchange reserves
By working under a system of floating exchange rate, the central bank in the country no longer needs large reserve currencies to stabilize the exchange rate, under the system of fixed exchange rate central banks need a wide range of currencies, and this means that if Needed to strengthen its currency it will sell foreign reserves thus increasing other supply in the market and lowering the value.
Instead, under a system of floating exchange rates, that same money can be used in a way that benefits the broader economy.
4. Independence
Under a fixed rate system shall operate central banksFor different countries in line with each other, for example: if a country raises interest rates to deal with inflation other central banks will need to respond, this is because what happens in one country is likely to affect monetary conditions in another country.
When currencies are linked to the dollar, changes in the value of the dollar will have an impact on the value of other currencies.
In contrast, these countries are subject to the feelings of the US Federal Reserve Bank and its monetary policy. By contrast, the floating exchange rate allows countries to decide on their monetary policy. Without focusing only on other countries.
5. Fewer speculative attacks
When a currency is artificially forced to stay at a fixed level, there is often bubbles in market activity. Investors know that a currency is undervalued, but with a fixed exchange rate central banks struggle to maintain the exchange rate. Constant.
There is a point where the countries currency remains stagnant, but the fundamentals appear to be undervalued or overvalued, this opens the door to speculative attacks on the currency as it seeks to make some easy money, and this in turn can lead to drastic shifts in the foreign exchange market which can cause great distress to national economies.
In contrast, a floating exchange rate is constantly changing reflecting a wide range of underlying conditions ranging from inflation to economic performance, so the exchange rate is largely in line with its underlying value.
Disadvantages of floating the exchange rate
1. Exacerbation of economic issues
Countries may face economic difficulties at home, there may be excessive inflation rates, economic stagnation or poor job opportunities, all of which can play a role in the foreign exchange market.
As a result of the flotation, investors look at the basic features of the economy to determine its value, and these basics include economic indicators such as growth and inflation, so when these indicators perform poorly, they are likely to lose value against other currencies.
The float also has the potential to drive the economy down as a weak currency puts pricing pressures on its imports, so for countries that import heavily they may face higher prices that will likely reduce consumer demand.
2. Possible volatility
One of the main problems with a flotation is that it can create volatile conditions for companies and countries, a sharp depreciation in the value of a currency can greatly affect the dynamics of its economy, imports become significantly more expensive which puts pressure on value-adding exporters, moreover
Companies that import raw materials will see higher prices as a result.
If the economy is formed in such a way that imports are a major component, it may struggle more during periods of currency weakness. By contrast, countries such as export-led China may benefit, since most of their business is focused on exporting their goods become cheaper abroad and thus Increased demand and improved economic conditions at home.
3. Weak monetary policy
Excuses flotation systemThe central bank has the responsibility of maintaining its currency peg, instead, it has the autonomy to pursue its monetary policy and economic agenda.
This is a two-sided coin. On the one hand, a well-managed monetary system can take advantage of this freedom, and on the other hand, mismanagement can lead to hyperinflation and financial crisis.
Many countries have tried to work their way out of debt by floating the currency, but the result has always been excessive levels of inflation and a bad credit rating. Instead, countries that may struggle to manage their monetary policy are better off having a fixed exchange rate. link
News, Rumors and Opinions Tuesday AM 12-27-2022
KTFA:
Clare: After years of delay and disagreement, an agreement was reached by the "majority" to pass the oil and gas law
12/26/2022
Today, Monday, the Kurdistan Democratic Party revealed the existence of a political agreement to pass the oil and gas law with the start of the new legislative term of the House of Representatives.
The leader of the party, Wafaa Muhammad Karim, told (Baghdad Today) that "there is a political agreement between all political blocs and parties to pass the oil and gas law because of its importance, with the start of the new legislative term of the House of Representatives."
KTFA:
Clare: After years of delay and disagreement, an agreement was reached by the "majority" to pass the oil and gas law
12/26/2022
Today, Monday, the Kurdistan Democratic Party revealed the existence of a political agreement to pass the oil and gas law with the start of the new legislative term of the House of Representatives.
The leader of the party, Wafaa Muhammad Karim, told (Baghdad Today) that "there is a political agreement between all political blocs and parties to pass the oil and gas law because of its importance, with the start of the new legislative term of the House of Representatives."
And Karim said, "This law, which will regulate the relationship between Baghdad and Erbil with all the oil and financial files, will be passed by the parliamentary majority. The agreement to pass the law took place between the blocs and parties of the State Administration Coalition."
The Oil and Gas Law, which has been awaiting legislation in parliament since 2005, stipulates that the responsibility for managing the country's oil fields should be entrusted to a national oil company, and it should be supervised by a federal council specialized in this matter.
But since 2003, Baghdad and Erbil have been at odds over the issue of managing the region's oil fields.
Baghdad says that the region does not declare real oil export amounts and does not hand over those amounts to it, while Kurdistan says that exports from the oil fields in its territory must be subject to its management, whether in terms of granting licenses for new exploration , managing existing fields, or controlling production and export. For the destinations he chooses, or contracting for the purchase and development. LINK
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Courtesy of Dinar Guru
Walkingstick [via Frank26] The HCL is Iraq's National Oil Company and the National oil Company is about who gets control of Iraq's oil...the other monster is Article 140...Article 140 gives the census and the percentages of what you're going to be getting in that region...
Frank26 IMO the basket the Iraqi dinar will be inside of, once it starts to float internationally at a rate at least 1 to 1 with the American dollar it would join a basket then pair with currencies inside that basket...we thought there was going to be about 10...IMO things have changed. Do you know how much potential Iraq has? Of course you do that's why you invested into it...it's justifiable to consider there could be 29 currencies in that basket...that would have to be the largest basket of this planet earth...
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RV Excerpts From the Restored Republic via a GCR: Update as of Mon. 26 Dec. 2022
Compiled Mon. 26 Dec. 2022 12:01am EST by Judy Byington
Judy Note: Funds have been released for the Global Currency Reset, and they can’t go backward. Tier4B (us, the Internet Group) were in line to be notified for appointments in the near future. January 1 2023 would begin the Jubilee Year.
NESARA/GESARA was believed to have started as some organizations have been paid and some have received a significant raise in their social security checks.
Global Currency Reset: It was believed that last week:
Dubai 1 and 2 paid out to Sovereign Buyers; Yellow, Gold and Red Dragon Bonds and German Bonds were released, along with the codes and funds release.
Some higher ups have been paid.
NESARA/GESARA was set to start Sun-Mon 25, 26 Dec.
Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.
According to Bruce Tier4B was set to receive notification this week.
It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.
Goldilocks: Iraq is in the process of implementing their electronic banking mechanisms. They have begun the process of KYC. KYC stands for Know Your Customer. This is a form that is filled out electronically to connect people to Banks. It also identifies risk factors on a person to determine if they have been a part of any fraudulent activity. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes. Iraq is clearly connecting themselves to the International Stage in a way we have never seen before. The KYC process enables currency and other transactions in the banking system to become available at the push of a button. Early January, the OCC will open up their office to digital transactions with the new staff of people to help oversee this new digital asset backed global transformation.
Read full post here: https://dinarchronicles.com/2022/12/26/restored-republic-via-a-gcr-update-as-of-december-26-2022/
Russia to Start Buying More Yuan in 2023
Heresy Financial: 12-26-2022
During 2020, we saw decisions that put into motion a set of actions that looks like we will continue into 2023.
As we are now seeing Russia is likely to buy Yuan on the foreign exchange market in 2023, but it does not just stop with Russia and China as we are seeing China and Saudi Arabia now in talks to deepen their relationship.
Now, some of this is nothing new. Take, for instance, the fact that the yuan currently accounts for 17% of Russia's foreign exchange and gold reserves.
But some of this is showing signs of new trends, beginning both financially speaking and geopolitical alliances.
Timecodes
00:00 Russia Plans to Acquire More Yuan Next Year
01:51 China Relations with Other Countries
Russian-European relations repaired! France and Germany receive Russian gas!
Deepin Moments: 12-27-2022
Recently, Russian Deputy Prime Minister Alexander Novak said that the EU market is still open for Russian LNG. In the first 11 months of this year, Russian LNG supplies to Europe increased.
Novak said that the Yamal-Europe gas pipeline, which mainly connects Russia with Germany and Poland, is still not operational. However, Russia is ready to resume gas supplies to Europe through the pipeline, which was suspended for political reasons.
More News, Rumors and Opinions Monday 12-26-2022
KTFA: Vietnam:
Henig: Green finance puts down roots in Vietnam
06:00 | 26/12/2022
(VEN) - The development of green finance is an important foundation for sustainable business growth.
Significant progress
The National Progress Report by the Sustainable Banking and Finance Network (SBFN) has ranked Vietnam among a group of advancing countries in terms of implementing sustainable banking and financing practices. According to Deputy Director of the Department of Credit for Economic Sectors under the State Bank of Vietnam (SBV) Pham Thi Thanh Tung, as of October 31, 2022, outstanding loans for green projects reached more than VND477.5 trillion (accounting for 4.4 percent of total outstanding loans), up 7.78 percent compared to 2021.
KTFA: Vietnam:
Henig: Green finance puts down roots in Vietnam
06:00 | 26/12/2022
(VEN) - The development of green finance is an important foundation for sustainable business growth.
Significant progress
The National Progress Report by the Sustainable Banking and Finance Network (SBFN) has ranked Vietnam among a group of advancing countries in terms of implementing sustainable banking and financing practices. According to Deputy Director of the Department of Credit for Economic Sectors under the State Bank of Vietnam (SBV) Pham Thi Thanh Tung, as of October 31, 2022, outstanding loans for green projects reached more than VND477.5 trillion (accounting for 4.4 percent of total outstanding loans), up 7.78 percent compared to 2021.
These loans are focused mainly in the renewable and clean energy sector (47 percent), and green agriculture (32 percent).
In addition to capital from banks, the green financial market is reflected by the issuance of green bonds. The total value of Vietnam’s green bonds reached US$1.5 billion in 2021, making Vietnam the second largest source of green debt issuance in ASEAN (the Association of Southeast Asian Nations), after Singapore. The most recent notable green bond deal was the July 2022 issuance of VND1.725 trillion in 10-year green bonds by EVNFinance at an annual interest rate of 6.7 percent.
The increasing source of green credit has contributed to a number of recent programs. These include low carbon transformation in energy efficiency, a project implemented by BIDV and ANZ with funding from the Danish government; loans for renewable energy development projects at Vietcombank, BIDV, VietinBank, SHB, HDBank from the World Bank’s capital, and more.
Environmental loan risk management
Ketut Kusut, a senior World Bank finance expert said the additional investment in climate change adaptation and mitigation solutions until 2040 is estimated at about 6.8 percent of annual gross domestic product (GDP), or about US$368 billion, which cannot not be met by the domestic capital market alone. Therefore, Vietnam will need a synchronous combination of public and private resources and preferential capital to facilitate the new development roadmap. Vietnam has not yet enacted general regulations to promote green financial activities, which is also a significant barrier, he said.
The SBV has set a 2025 goal for all banks to develop a set of rules and evaluate environmental and social risk management in credit granting activities, and apply environmental standards to projects they fund. In addition, at least 10 to 12 banks will be required to have specialized departments in charge of environmental risk management and 60 percent of banks will have access to green capital and provide loans for green credit projects.
According to Pham Xuan Hoe, former deputy director of the SBV’s Banking Strategy Institute, in order to facilitate business access to green finance, the government, the SBV and the Ministry of Finance are expected to urge banks to develop green credit and green bond programs for renewable energy; guide the private sector on approaching, mobilizing and using international green finance; issue consistent and stable policies to support green, clean and sustainable energy development. Procurement activities for green public spending need to be integrated into policies and implemented in ministries, sectors and localities, Hoe said.
Ngoc Thao LINK
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Henig: PVCFC develops experts’ system
08:00 | 25/12/2022
(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.
Addressing the opening ceremony of the event, General Director of PVCFC Van Tien Thanh mapped out five strategic company directions to 2025: developing products and services; digital transformation; marketing; diversifying raw material sources for urea fertilizer production; and human resource development. Human resource development will focus on seeking human resources of high professional qualifications and long-term experience.
In 2022, the company set a goal of finding and developing eight experts for eight areas of expertise. So far, it has found and is evaluating experts in three areas: Automation control systems, and the operation of urea technology equipment and electrical equipment.
In order to find experts in the remaining fields, PVCFC has conducted an assessment of the “competency gap” to identify the points that need to be improved by its new personnel. Accordingly, it will come up with a detailed and appropriate training program, ensuring a human resource large enough for the target of 30 experts by 2025.
At the review program this year, PVCFC cooperated with the Hanoi University of Science and Technology, Ho Chi Minh University of Technology (Vietnam National University - Ho Chi Minh City), and Can Tho University, as well as leading experts from the oil and gas industry, such as the Binh Son Refining and Petrochemical JSC, PetroVietnam Fertilizer and Chemicals Corporation - PVFCCo, PetroVietnam Gas Joint Stock Corporation, and PV Power Ca Mau.
Some 50 experts from these universities and companies will interview expert candidates and review their competencies. To determine the candidates' suitability or project management, the planned expert candidates will undergo a 60-minute multiple-choice test and a two-hour face-to-face interview.
In addition to mechanisms to attract new talents, PVCFC has maintained training to develop existing human resources, facilitating staff participation in these events in order to upgrade its personnel, which it views as a key factor for the company’s success.
PVCFC has always attached importance to the review and accreditation of its professionals in order to create strong human resources as a foundation for sustainable and more prosperous development of the company.
Ngoc Dung LINK
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Courtesy of Dinar Guru
Intel Guru Frank26 Article: "The Ministry of Finance begins checking the amounts within the current expenditures to include them in the budget" FINALIZING THE BUDGET WITH A NEW EXCHANGE RATE.
Henig Article: "Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget" Quote: "The budget law and its draft are still with the government, and it has not reached Parliament yet, and its provisions have not been finally clarified, which requires expediting its submission to Parliament and presenting it with several readings to reach a final formula for approval."
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TNT:
Yada: Funny to read all the articles from parliament members and Iraqi economists on their fear of the rising dollar prices. They fail to pay attention to the CBI and not see the endgame. CBI will flip the script and SOON will be clamoring for the dinar. The steam from the kettle is whistling and ready to brew the RI.
RVAlready: Hi Yada. Quiet before rate change.
BigJohn: the ri is coming they are in the process of getting the dinar off the streets !!!!
PaulW: Yada, you are right on the money... The dollars are sucking up the IQD. When the IQD become scarce, they will flip the switch
Top U.S Banks (Blackstone) Bankruns Begin Forcing The 2008 Market Collapse To Return - Peter Schiff
InvestorNote: 12-26-2022
In today's video, Peter Schiff talks about the federal reserve and central banks that caused inflation around the world. According to Peter, inflation is only going to get worse and it's never going back to the 2% that the fed is trying to achieve.
MARKETS A LOOK AHEAD: Stocks, Gold, Silver, Debt, MORE!
By Gregory Mannarino: 12-26-2022
News, Rumors and Opinions Monday Morning 12-26-2022
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 26 Dec. 2022
Compiled Mon. 26 Dec. 2022 12:01am EST by Judy Byington
Judy Note: Funds have been released for the Global Currency Reset, and they can’t go backward. Tier4B (us, the Internet Group) were in line to be notified for appointments in the near future. January 1 2023 would begin the Jubilee Year.
NESARA/GESARA was believed to have started as some organizations have been paid and some have received a significant raise in their social security checks.
Global Currency Reset: It was believed that last week:
Dubai 1 and 2 paid out to Sovereign Buyers; Yellow, Gold and Red Dragon Bonds and German Bonds were released, along with the codes and funds release.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 26 Dec. 2022
Compiled Mon. 26 Dec. 2022 12:01am EST by Judy Byington
Judy Note: Funds have been released for the Global Currency Reset, and they can’t go backward. Tier4B (us, the Internet Group) were in line to be notified for appointments in the near future. January 1 2023 would begin the Jubilee Year.
NESARA/GESARA was believed to have started as some organizations have been paid and some have received a significant raise in their social security checks.
Global Currency Reset: It was believed that last week:
Dubai 1 and 2 paid out to Sovereign Buyers; Yellow, Gold and Red Dragon Bonds and German Bonds were released, along with the codes and funds release.
Some higher ups have been paid.
NESARA/GESARA was set to start Sun-Mon 25, 26 Dec.
Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.
According to Bruce Tier4B was set to receive notification this week.
It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.
Goldilocks: Iraq is in the process of implementing their electronic banking mechanisms. They have begun the process of KYC. KYC stands for Know Your Customer. This is a form that is filled out electronically to connect people to Banks. It also identifies risk factors on a person to determine if they have been a part of any fraudulent activity. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes. Iraq is clearly connecting themselves to the International Stage in a way we have never seen before. The KYC process enables currency and other transactions in the banking system to become available at the push of a button. Early January, the OCC will open up their office to digital transactions with the new staff of people to help oversee this new digital asset backed global transformation.
Read full post here: https://dinarchronicles.com/2022/12/26/restored-republic-via-a-gcr-update-as-of-december-26-2022/
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Courtesy of Dinar Guru
Pimpy I hear people say this all the time, 'The Iraqi dinar is a fraud.' No it isn't. It's not the Iraqi dinar that's a scam. It's the individuals out there committing fraud using the Iraqi dinar to do so.
Clare Article: "The Iranian currency recorded the largest decline in its history" Quote: "The Iranian riyal recorded, on Thursday, in the Tehran free market against foreign currencies, a new collapse, the highest since the "Iranian Revolution" in 1979, as the price of the US dollar exceeded the value of 400,000 Iranian riyals."
Here’s How the CBDC Reset Goes Down | Bill Holter
Liberty and Finance: 12-12-2022
As news reports pile in about test drills and preparations for Central Bank Digital Currencies (CBDCs) set to track and control every aspect of our lives, preparedness-minded people are asking what the transition will be like, and what roles paper cash, physical gold & silver, and other assets will play in preserving our financial lives going forward.
Widely followed analyst Bill Holter returns to Liberty and Finance to lay out his vision for the CBDC reset impact on ordinary people, and to answer viewers’ questions about the road immediately ahead.
The BRICS organization has become the biggest opponent of the United States!
DeepinMoments: 12-26-2022
Financial hegemony is the pillar of US hegemony, and the dollar hegemony is the foundation of US financial hegemony.
The dollar is artificially manipulated by the Federal Reserve, through the operation of lowering interest rates first and then raising them, as "wool-gathering" general, again and again to harvest global wealth.
Since this year, the global "de-dollarization" process has accelerated. Many countries have been seeking to get rid of the dollar hegemony, such as reducing their holdings of U.S. debt, promoting the diversification of foreign exchange reserve assets, and seeking to use bilateral and multilateral currency agreements to settle transactions in international trade, etc.
What kind of new world monetary order will emerge from the global "de-dollarization" trend of "multiple points of force"?
Economist Views on "Ghana, Japan and the US" 12-25-2022
Ghana Defaults on National Debt... is the US Next?
Heresy Financial: 12-24-2022
It's no secret that the country, Ghana, has some major economic issues. Right now, they are defaulting on most of their external debt.
And just within the last couple of weeks, they announced another solution to deal with their economic problems, one of which was using gold to buy oil in order to circumvent getting dollars, which is contributing to some of their inflation.
On Monday, its finance ministry said that it will stop servicing debts, including its Eurobonds, commercial loans and most bilateral loans.
Now, Ghana has gotten itself into some deep trouble with its debt over the past few years, with their current split sitting at about $13 billion in Eurobonds, $8 billion in multilateral bonds, and then an assortment of other debts, including about 1.7 billion owed to China.
Ghana Defaults on National Debt... is the US Next?
Heresy Financial: 12-24-2022
It's no secret that the country, Ghana, has some major economic issues. Right now, they are defaulting on most of their external debt.
And just within the last couple of weeks, they announced another solution to deal with their economic problems, one of which was using gold to buy oil in order to circumvent getting dollars, which is contributing to some of their inflation.
On Monday, its finance ministry said that it will stop servicing debts, including its Eurobonds, commercial loans and most bilateral loans.
Now, Ghana has gotten itself into some deep trouble with its debt over the past few years, with their current split sitting at about $13 billion in Eurobonds, $8 billion in multilateral bonds, and then an assortment of other debts, including about 1.7 billion owed to China.
Now, this dollar amount by itself may seem huge or may seem insignificant. We really must put this into perspective in terms of how big is this amount of debt, in terms of how much it cost the government compared to how much the government makes from its tax revenue?
Timecodes
00:00 Ghana Defaults on Most of Their External Debt
02:29 Total Public Debt
04:25 Total Interest Rates
06:18 How This Will All Play Out
This Time Japan Dropped a Bomb on Us - Ep 863
Peter Schiff: 12-24-2022
· Everyone realizes recession is coming, but nobody realizes how bad it will be.
· Too many people are getting rich off war in Ukraine for there to be a chance of peace.
· Gold and silver mining stocks are at the beginning of a bull market.
· Institutional interest in Bitcoin is gone.
· Bank of Japan has now joined the tightening party.
News, Rumors and Opinions Sunday Morning 12-25-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 24 Dec. 2022
Compiled Sat. 24 Dec. 2022 12:01am EST by Judy Byington
The Global Currency Reset: (No change since yesterday’s report)
Thurs. 22 Dec. High Up Source #3: Big celebrations going on in Zurich. Elders and Israelis are in Reno getting paid. (US) Native Americans have been paid their first payment, remainder in USN later. They and the bond holders getting 1% will get the next 9% on Monday (Dec. 26). The Codes were released after 1:00 pm Reno time today (Thurs. 22 Dec).NESARA-GESARA starts Sunday / Monday (25, 26 Dec).
Thurs. 22 Dec. Bruce: Tues 27 Dec. or Wed. 28 Dec. Tier 4B (us, the Internet Group) will be notified and can start our appointments.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 24 Dec. 2022
Compiled Sat. 24 Dec. 2022 12:01am EST by Judy Byington
The Global Currency Reset: (No change since yesterday’s report)
Thurs. 22 Dec. High Up Source #3: Big celebrations going on in Zurich. Elders and Israelis are in Reno getting paid. (US) Native Americans have been paid their first payment, remainder in USN later. They and the bond holders getting 1% will get the next 9% on Monday (Dec. 26). The Codes were released after 1:00 pm Reno time today (Thurs. 22 Dec).NESARA-GESARA starts Sunday / Monday (25, 26 Dec).
Thurs. 22 Dec. Bruce: Tues 27 Dec. or Wed. 28 Dec. Tier 4B (us, the Internet Group) will be notified and can start our appointments.
High Up Source #1: This week funds in Dubai 1 and 2 will complete payout to Sovereign Buyers and Master Accounts.
Bruce: “On Tues. 20 Dec. Yellow, Gold and Red Dragon Bonds and German Bonds were released to Bond Seller Accounts, with Bond Holders having access to their monies on Wed. 21 Dec.”
High Up Source #1: “Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.”
High Up Source #1: It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.
Read full post here: https://dinarchronicles.com/2022/12/24/restored-republic-via-a-gcr-update-as-of-december-24-2022/
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Courtesy of Dinar Guru
Frank26 2003 - That was 20 years ago. Don't you think, would it be fair, wouldn't only be logical, could we assume that the Iraqi dinar has gone up in value? Especially with the massive attention everyone is giving Iraq right now under the table quietly? So .26 which is approximately $3.22 is Ok. Then it wouldn't be too bad to consider .29 is $3.44 ...Remember what Kuwait said to the IMF? You can help them with their monetary reform but don't you dare let their currency be higher than our exchange rate...what is Kuwait's exchange rate?
Sandy Ingram This is breaking news. Article: "CBI takes action to stabilize Iraqi dinar exchange rate" The CBI has announced measures to help stabilize the dinar/dollar exchange rate. One of the measure they are now doing includes allowing banks to participate in buying and selling any amount in foreign currency...
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IRaqi Dinar Christmas Eve Update
Rapid Updates: 12-24-2022
These Assets Just Forced The US Treasury & Fed To Lose Control Over The Bond Market- - Peter Schiff
Investor Note: 12-24-2022
In today's video, Peter Schiff talks about the federal reserve and central banks that caused inflation around the world. According to Peter, inflation is only going to get worse and it's never going back to the 2% that the fed is trying to achieve.
More News, Rumors and Opinions Saturday Afternoon 12-24-2022
TNT:
Tishwash: Foreign investments... Iraq as a model!
One of the most important manifestations of globalization is the escalation of cross-border and intercontinental investments, twice as high as global trade.
A study by the United Nations (1999) indicated that most countries tend to adopt economic measures aimed at providing appropriate conditions to attract the transfer of direct foreign investments to them (financial - tax incentives)! Companies' investments move to an area or activity, when they expect to achieve a high rate of return to their capital, more than anywhere else!
As a result of the direct employment of foreign investments, positive side economic flows (according to the governance of standard conditions) are reflected in the performance of the activities of local companies through (imitation, acquisition of skills in the organizational - administrative and technical aspects, competition and export ...)! What foreign investments achieve in the host country is still a controversial issue, about the extent to which they actually achieve certain economic savings!
TNT:
Tishwash: Foreign investments... Iraq as a model!
One of the most important manifestations of globalization is the escalation of cross-border and intercontinental investments, twice as high as global trade.
A study by the United Nations (1999) indicated that most countries tend to adopt economic measures aimed at providing appropriate conditions to attract the transfer of direct foreign investments to them (financial - tax incentives)! Companies' investments move to an area or activity, when they expect to achieve a high rate of return to their capital, more than anywhere else!
As a result of the direct employment of foreign investments, positive side economic flows (according to the governance of standard conditions) are reflected in the performance of the activities of local companies through (imitation, acquisition of skills in the organizational - administrative and technical aspects, competition and export ...)! What foreign investments achieve in the host country is still a controversial issue, about the extent to which they actually achieve certain economic savings!
Among the investment determinants, for example, is the lack of foreign investment in the target country (such as Iraq); Security and infrastructure, human capital, distribution networks, etc., which stand in the way of qualitative investment-technological expansion and achieving the required economic savings!
In the case of Iraq, it requires the state and its systems to positively and effectively intervene to reshape the organizational-structural structure of its economic-financial systems in order to attract local and global investments that achieve the added values and capital accumulation necessary for the transition from the stage of a backward economy to the stage of a dynamic-technological economy led by regulatory departments. An efficient scientific professional executive!
It was found that the availability of the following factors helps in achieving economic savings:
1. The size of the absorptive capacity of the country.
2. Availability of infrastructure, especially those related to transportation, communications and service networks.
3. The availability of skilled labor and the improvement of education and training levels.
4. Adopting group work policies to achieve horizontal and vertical integration.
5. Adopting open commercial practices that stimulate competitive investments.
These elements and other factors are considered to be interrelated - overlapping within the framework of implementation mechanisms and results.
International research indicates that the economic and financial failure of a country is often caused by the incompetent performance of the senior executive leadership that sits on the pyramid of decisions and implementation in politics, economics and money! For the success of the executive operations, a strategy based on the synthesis of four elements must be adopted within a coherent and tight framework: Ensuring the quality of tasks and powers granted to decision-makers / availability of accurate information / consistency and effectiveness of economic-investment standards and incentives / building modern organizational structures for institutions and projects...! In order to bring about the desired change in the organizational structures, it is necessary to reduce some administrative levels in favor of tightening the control process and reducing administrative costs (focusing on implementation mechanisms). Implementation of required and desired economic correction and reform processes!
Iraq constitutes a great investment hotspot because it constitutes an ocean of great absorptive capacity that carries enormous investment opportunities at the local, regional and international levels! Iraq needs to adopt major executive policies, decisions and procedures, in order to attract investments from major countries and companies that will help it rise and leave its sad and abject backwardness!! link
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Tishwash: Sudani stresses the need to adopt a new path of economic reform
Prime Minister Muhammad Shia' al-Sudani stressed, on Saturday 12/24/2022, the need to adopt a new path for economic reform through the adoption of the Iraq Fund for Development.
The media office of the Prime Minister said in a statement received by Al-Masalla that the Prime Minister, Muhammad Shia'a Al-Sudani, received a delegation such as the heads of boards of directors of private banks and their representatives, and the Association of Private Private Banks in Iraq.
The statement added that Al-Sudani reviewed, at the outset of the meeting, the most important basic economic action axes that the government adopts in its approach. He also clarified the most prominent financial and social challenges and crises facing sustainable development, most notably the problems of poverty and unemployment.
According to the statement, the Prime Minister expressed his conviction in the importance of economic solutions, and relying on them to improve the service and living conditions of citizens.
The statement added that Al-Sudani indicated the need to adopt a new path for economic reform, by approving the Iraq Fund for Development, which will carry an orientation towards the implementation of projects by the private sector, through specialized funds that contribute to development programs.
He pointed out the need for an efficient banking sector that enjoys the confidence of citizens, without which the government cannot support development and the private sector.
For their part, bank managers and representatives presented their vision, problems and proposals, which are in the path of supporting development.
The statement noted that the Prime Minister directed work to facilitate it, and the formation of a joint team of advisors in the Presidency of the Council of Ministers and private banks, in charge of reviewing legislation that impedes the work of banks, proposing investment projects, and developing mechanisms to support private banks and activate their role, as well as receiving studies and proposals. and provide possible solutions. link
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Courtesy of Dinar Guru
Frank26 Article: "Iraqi chambers of commerce make proposals to end the "daily massacre" of the dollar in the market" 3 ZERO CURRENCY IS ALREADY AVAILABLE IN THE BANKS OF IRAQ...SO THE MONETARY REFORM EDUCATION TELLS THE IRAQI CITIZENS ABOUT THE NSCN's. Quote: "This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks, adding, There are decisions that we hope will be taken so that we can end this daily massacre of the dollar." THE MONETARY REFORM MECHANISM!
Mnt Goat ...the reinstatement must happen on FOREX and the redenomination of the dinar prior to us going to the bank and exchanging. Secondly the holdup is purely political...We can see that Iraq has grown financially beyond expectations and certainly is more than ready to be fully re-integrated back into the financial systems of the global markets. There is a very good article ...entitled “2022…A DEFINING YEAR IN POLITICAL LIFE IN IRAQ AND OPTIMISM ABOUT “HOPE”. It...just about sums up this past year of turmoil in Iraq that finally ended in stability...the future is...extremely bright for the Iraqi dinar. This past year we have NEVER seen so much talk and debate from Iraq over what to do with the dinar.
ALERT! Why Are Banks Loading Up on SLV Silver? Planned ETF Liquidation Event COMING?!
(Bix Weir) 12-23-2022
In a very strange move by US Banks they are now loading up on shares of the Silver iShares ETF (SLV). They went from almost NO EXPOSURE to many large positions practically OVERNIGHT!
Are they planning an ETF Liquidation Event where the ETF is closed down and the physical metal is handed over to the share holders? Are they prepping for the Silver Crisis?!
Expect silver to skyrocket 50% to $35 in 2023, but what about gold? Phil Streible
Kitco News: 12-23-2022
hil Streible, Chief Market Strategist at Blue Line Futures, discusses the outlook for gold, silver, and oil with David Lin, Anchor for Kitco News.
Economists Views on "De-Dollarization" 12-24-2022
Ghana's 2023 PetroGold Plan - (Dedollarization In Action)
Smart Silver Stacker: 12-24-2022
The Vice President of Ghana has announced that the first oil to be purchased under Ghana's new Gold-For-Oil arrangement will be delivered in January 2023.
If true, this will be a notable blow to the petrodollar system and a sign of things to come.
Ghana's 2023 PetroGold Plan - (Dedollarization In Action)
Smart Silver Stacker: 12-24-2022
The Vice President of Ghana has announced that the first oil to be purchased under Ghana's new Gold-For-Oil arrangement will be delivered in January 2023.
If true, this will be a notable blow to the petrodollar system and a sign of things to come.
RMB must be used! Russia and the Middle East are crushing the dollar!
Deepin Moments: 12-24-2022
Russia said it plans to start buying the yuan on the foreign exchange market to reduce its dependence on Western finance and accelerate its de-dollarization, if its oil and gas revenues reach the desired level next year, according to a Dec. 23 report.
News, Rumors and Opinions Saturday AM 12-24-2022
“Bank Story from Telegram” by Woof – 12.23.22
Bank Story: By the way , I just spoke with my bank today after I was finished paying a credit card payment . When they asked me is there anything else we can do for you ?
I said , Yes I have a question. Did you guys switch to the Synergy Quantum system yet . I ask because I heard that all banks will have to comply with Basel 4 by Jan 1st, 2023 to have all their assets backed by Gold !
The guy was silent for a few seconds and then said , um, yes we are switching to that system next year. I don’t know the exact details on everything , but we are definitely switching.
I told him it’s going to be great for all of us. He agreed and said have a great day ! Im so damn excited I could scream lol
“Bank Story from Telegram” by Woof – 12.23.22
Bank Story: By the way , I just spoke with my bank today after I was finished paying a credit card payment . When they asked me is there anything else we can do for you ?
I said , Yes I have a question. Did you guys switch to the Synergy Quantum system yet . I ask because I heard that all banks will have to comply with Basel 4 by Jan 1st, 2023 to have all their assets backed by Gold !
The guy was silent for a few seconds and then said , um, yes we are switching to that system next year. I don’t know the exact details on everything , but we are definitely switching.
I told him it’s going to be great for all of us. He agreed and said have a great day ! Im so damn excited I could scream lol
https://dinarchronicles.com/2022/12/23/bank-story-from-telegram-by-woof-12-23-22/
KTFA: Vietnam News
Henig: Vinh Phuc, a peaceful destination
16:39 | 23/12/2022
(VEN) - As a land with many scenic spots and charming mountains painted with many sublime emotions of nature, Vinh Phuc has a quiet, charming, and profound beauty with gentle, friendly people. Coming to Vinh Phuc is coming to new and peaceful discoveries!
It takes a whole journey filled with tears and austere sweat from centuries ago that the French are willing to accept to see a dreamy, peaceful Tam Dao for meaningful days. Thousands of rides and classic surveys to find a special area like Tam Dao - a climate with four seasons in a day, dew spreading all year round, a rich ecosystem with many species of rare animals and plants – this place always pleases people in entirely enjoying the magnificent beauty of nature, the mysterious freshness brings a sense of peace to the soul!
The land of Tay Thien also did not coincidentally have the first steps of the Indian delegation - King Asoka came to contemplative and propagate the Buddha's teachings, then built Nele Citadel (Temple of Hell) and erected the Asoka tower.
The ancient pagodas left traces of thousands of years showing the first place of Buddhism... And there are many ancient vestiges with hidden wild beauty: Bird Island - Dai Lai, Bat Cave - Ngoc Thanh; Binh Son Pagoda - Song Lo, Huong Canh Communal House cluster - Binh Xuyen, Flying Waterfall - Lap Thach, Phu Da stone Temple, Tung Van Temple - Vinh Tuong, etc.
Not only the government and agencies but also a lot of people who love Vinh Phuc have spent a lot of mind and money to build it, with heart, enthusiasm and concern to preserve and restore landscapes and monuments to turn each land, each destination into a worth living place for themselves and visitors all over the world.
It seems that both to keep up with the times while always keeping the tradition, respecting the natural landscape and the hard-working past, which is the point of view of Vinh Phuc's leaders and authorities, has been a boon for tourism during the past time.
By resolution 01, action program No. 41 is a ladder for tourism development, contributing to increasing the average service growth rate of more than 10 percent per year; service economic structure increased by more than five percent, contributing to the average economic growth of the province.
From the resolution, trade-service development programs are suitable to the actual situation and potential of each region and locality; in the 2011-2022 period, Vinh Phuc has developed nearly 200 planning projects, in particular, there have been many large and important projects related to tourism such as North Ngoc Thanh area, Lang Ha Lake, Van Truc Commune, Bo Lac Lake, Sang Mountain, and Tam Dao I and II tourist areas, among others, with effectively mechanisms and policies, thereby attracting many interested and visionary investors, creating tourism products in harmony with Vinh Phuc; prominent are the 5-star Flamigo Dai Lai projects with a total registered investment capital of nearly VND5 trillion, the Tam Dao II project of SunGroup Group with the total investment capital of phase 1 of nearly VND3 trillion; phase 1 of FLC Luxury Resort Vinh Phuc project with a total investment of about VND600 billion; Tay Thien cable car project of Lac Hong Investment Joint Stock Company with investment capital of nearly VND250 billion; scale of tourist accommodation establishments in the province developed synchronously with 544 establishments; four 5-star hotels; two 4-star hotels and 75 accommodation establishments are rated from 1 to 3 stars; other accommodation facilities are all up to national standards, proof of the land has a magical attraction and a safe and stable landing.
Joining hands to support tourism businesses, in the 2015-2019 period, the province invested VND2.285 trillion in the tourism sector, of which investment in infrastructure in the tourist area is more than VND159 billion, accounting for 6.9 percent of the province's investment capital. In the “COVID-19 control campaign”, the province has accompanied businesses, creating many “soft” mechanisms to flexibly welcome guests; try to improve the investment environment, reserve land fund for tourism projects.
Vinh Phuc's tourism development is associated with various types of tourism targeting the needs of the guest market, which are ecotourism products, resorts, seminars (MICE), discovery, and sports tourism (golf). It is a strength that attracts domestic and foreign tourists. Destinations that are invested with attractive tours with typical regional tourist products such as yellow flower tea, cordyceps, pollen honey, etc. have made visitors want to come back – this is the enduring attraction of Vinh Phuc tourism: creating a feeling of nostalgia, nostalgia and freshness! Therefore, the talented French artist - Yves Coueslant took the journey from afar to return to the land of Tam Dao to find the memories of a time when he used to take his family to relax, avoid the summer heat. Summer and this enchanted land inspired him to create a famous perfume around the world. From the raw materials Sandalwood, Tuyet Tung and Bach combine to create relaxation and wild memories of Tam Dao... so far, the “Tam Dao” brand has become one of the leading perfume lines of Diptyque.
From a faint province on the national tourist map and an unnamed province on the world tourism map, Vinh Phuc tourism has now risen to become a bright spot through the titles of Flamingo Dai Lai Resort - Top 10 of the world's most popular tourist destinations, ASEAN tourism award; Tam Dao National Tourist Area or Top Impressive Destination in the World. Since 2011, Vinh Phuc has only had 1.7 million tourists, by 2019 it has had nearly five million visitors, tourism revenue reached an estimated VND2 trillion, an increase of 2.5 times compared to before. From 2020-2022, when facing the COVID-19 pandemic, but with an open mechanism to ensure safe pandemic prevention and control, tourists still choose Vinh Phuc as a destination; In 2022, tourists to Vinh Phuc reached 8.2 million, quadruple the 2021’s figure, including 73,500 foreign visitors, bringing in total revenue of almost VND3.6 trillion, 2.3 times that in 2021.
Vinh Phuc tourism brand has been confirmed, but how to make the brand always shine? That is the question that Vinh Phuc is proposing a series of specific programs and a focus roadmap. Tourism promotion is associated with domestic and international cultural and sports events; organizing tours, and routes to introduce tourism products to friends and tourists around the world; continuing to exploit the strengths and potentials of ecological, cultural, and spiritual tourism, community tourism (homestay), tourism combining conferences and seminars (MICE tourism), resort tourism Weekends, rural tourism; bringing more tours and new routes to meet the diverse needs of tourists; improving the quality of tourism services, products and tourism infrastructure in the direction of modernity and professionalism, making a difference on the basis of preserving and promoting national cultural identity, and protecting the ecological environment; innovating tourism investment promotion, focusing on promoting the image of Vinh Phuc tourism.
In Vinh Phuc's tourism development strategy with a vision to 2030, resort and ecological tourism is associated with entertainment, cultural and spiritual tourism and service tourism for seminars and visits, and experiential learning are identified as the three main pillars creating motivation for sustainable development of tourism in the province. Vinh Phuc's current policy is to promote and attract strategic investors to build new complex service zones and large-scale tourism projects to create a large influence. Vinh Phuc is going to a promising path that opens up opportunities to turn the province into a world-class tourism center.
Thu Thuy LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The HCL is still being worked on. They are back in Baghdad meeting right now. This has no final agreement signed now. We're not too concerned about it because we know they're going to agree. As of yet there is nothing that has been signed. This is a sticky point and has to be signed and activated. They have signed article 140 but HCL and Article 140 are different items. [Post 1 of 2...stay tuned]
Frank26 [Iraq boots-on-the-ground report] News here talks about the meetings and the HCL all day...they're saying the only thing Iraq needs is this HCL signed and activated to make Iraq have ability to advance in the International world. This HCL is the final key... FRANK: They just told you the moment they have the HCL signed your currency is going to go International. That's why you have so many platforms already established internationally... [Post 2 of 2]
Naughty Or Nice! Is Santa Coming To Broad And Wall? Not If Risk Continues To Rise...
Greg Mannarino: 12-23-2022
Amid System Reset, They'll Come After Your Gold | Francis Hunt
Liberty and Finance: 12-24-2022
Francis Hunt is expecting the elite to confiscate people's gold in a system reset scenario. He discusses ways to prepare for whatever kind of gold confiscation may happen in the future. Geographic diversification of holdings and maintaining privacy are key, he notes.
0:00 Intro
1:35 Gold confiscation
14:40 Geographical diversification
21:58 Don't get shaken out
25:30 Gold/silver update
32:45 The Market Sniper