Restored Republic via a GCR- Rumors as of Fri. May 22, 2020

Thank you Judy

Restored Republic via a GCR: Update as of Fri. 22 May 2020

Compiled Fri. 22 May 2020 12:01 am EDT by Judy Byington

Divide They Try, Fail They Will, WWG1WGA to Support POTUS, Follow Q & Trust Plan

"People who say it cannot be done should not interrupt those who are doing it."

Judy Note: Exchange Personnel went on lockdown as of noon EDT Thurs. 21 May. The Plan still called for Tier 4b to start this week. We had confirmation from some people in Tier 4a that they had funds in their accounts, but were told those funds would not be liquid until Tier 4b started their appointments.

It was my personal opinion that some of the information in this report did not fit in with information from other trusted sources and could be part of the disinformation going around. It was also my opinion based on the below intel, that as of Fri. 22 May 800#s release could come at any time.

A. May 21 2020 2:04 pm EDT Fleming Military Intel Contact:

1. The plan still calls for our start this week because the White Dragon Chinese Elders told Trump it has to be released this week.

2. The release sequence was continuing today Thurs. 21 May to move forward behind the scenes toward Tier 4a,b start any time between now and Sat. 23 May.

3. Historic bonds continued to be transacted paying out liquidity for downline payout sequences.

4. The Admiral was sequenced to finish his part of liquidity release.

5. Exchange personnel have been placed on lockdown as of two hours ago (noon EDT Thurs. 21 May) and told to be quiet to be ready for imminent start.

6. Tier 3-4a SKR holders and groups were being told to expect liquidity release any time from today Thurs. 21 May forward.

7. Deep State entrenchments and blocks to the RV and to GESARA in Australia (Canberra DUMB etc) and New Zealand were being taken out by Alliance Spec Ops as we speak.

8. We all needed to keep pressing forward no matter what and be discerning about what we believed and what we let into our minds and hearts because the disinfo was flying BECAUSE WE ARE AT THE END.

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B. May 21 2020 11:50 am EDT Fleming Military Intel Contact: “I’m busy in meetings ‘till later. All are exhausted and so am I. When all appears to be getting CRAZY around you, know that a boatload of disinfo is out there BECAUSE WE ARE AT THE END. Keep pressing forward no matter what and be discerning about what you believe and what you let into your mind and heart, as the disinfo is flying BECAUSE WE ARE AT THE END. More later."

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C. Judy Note: The below report could be valid, or could be a False Flag to catch the bad guys. This morning Thurs. 21 May a validated Pentagon source reported that yesterday afternoon Wed. 20 May at a meeting at the Pentagon, the following interesting twist to the exchange process was decided upon and given the go ahead to be released:

1. Wells Fargo would be mailing out a debit card to currency holders with an initial sum to spend.

2. To activate the card you would call the 800 number listed and set your appointment to exchange/ redeem.

3. The sum on the card you would receive wasn't specifically stated, but prior conversations revealed that everyone who bought at least one $25,000 Dinar note x $2 = would receive $50,000 as a minimum starting point. Others who bought 1million VND, or who bought ZIM, would receive considerably more than 50K.

4. This debit card would ensure those wanting security, or having to fly to a Wells Fargo location, would have the funds to do so.

The start date for Tier 4a,b to set redemption appointments was still at any time through Sat. 23 May.

Contract Rates would be available until the general public began exchanging at the new international rates, scheduled to begin on Mon. 1 June.

Right now Money-of-Account Funds (seeable but not yet transferable until Tier 4b appointments start) were still being proliferated into Tier 3-4a accounts.

Behind the scenes arrests continued of Deep State players who tried to interfere with the Global Currency Reset Process.

D. May 21 2020 The Big Call, Bruce: Thebigcall.net: 712-770-4016 pin123456#

1. The general public or Tier 5 would now start on 15 June.

2. The earliest for the US Tier4b to start would be Tues. afternoon 26 May.

3. Other countries could start on Mon. 25 May.

4. Eight members of the Democratic Party have held this up for us by finding six Democratic governors to redesign the Redemption Center offices for Covid. Michigan, California, Conn, New York.

5. The Intermediate Groups were supposed to be completed.

6. This morning the Admirals groups were supposed to be starting and go through the weekend.

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E. This Week’s RV Events:

As of Thurs.14 May at 4:30 pm EDT the gold/asset-backed US Note could be seen on Bank screens. https://cointelegraph.com/news/fed-nominee-need-for-a-digital-dollar-is-an-extremely-important-discussion

Over last weekend President Trump signed an Executive Order making the new gold/asset-backed US Note liquid; Dubai 1 and Dubai 2 were fully funded from Yellow Dragon bonds and Historic Bonds were moving in Zurich.

Over that same last weekend liquidity was paid out in final disbursements – which meant that Tier 3, 4 a,b exchanges and payouts must start this week. Some SKRs were already made liquid, with recipients gone dark under NDAs, while other SKR holders were about to be made liquid.

On Mon. 18 May at 11:30 pm EDT the final payout and exchange sequence started.

On Tues. 19 May POTUS signed an Executive Order which gave RV teams the power to stop delays of the RV at federal and local levels, stripped power to press for lower ZIM rates, and tax Zim redemption. Deep State politicians like Pelosi and Schumer et al. and Deep State Democrat governors like Newsome CA, Whitmer MI, Northam VA, Cuomo NY, etc had been trying to limit ZIM redemption rates to us in Tier 4b because they did not want us to have this kind of money. Now GESARA issues could be implemented, including warrants and arrests of those in the Deep State interfering with the RV release this week.

On that same Tues. 19 May three countries that had held out pegging into the new gold/asset-backed US Note signed the papers and the green light was given for the core groups to send out notifications for appointments. The Admiral, his team, those with SKRs and Tier 4a could see full exchange amounts in their accounts, though those accounts had a hold on them and wouldn’t be liquid until Tier 4b exchanged.

As of Thurs. 21 May further arrests were still underway behind the scenes.

Iraq announced that their new Dinar rate would be international on Mon. 1 June, meaning their new in-country rate would likely be made public this week.

President Trump, Judy Shelton, the US Treasury and Department of Defense were obligated to start Tier 4b this week so as to give enough time for currency exchanges and Zim redemption to finish before the IMF mandated start of public foreign currency exchanges at the new international rates now set for Mon. 1 June.

F. Petition to Impeach Nancy Peolosi for Crimes of Treason: https://petitions.whitehouse.gov/petition/impeach-nancy-pelosi-crimes-treason

G. Judy Shelton on the Need for a Digital Dollar: https://cointelegraph.com/news/fed-nominee-need-for-a-digital-dollar-is-an-extremely-important-discussion

H. May 21 2020 Zap’s Mid-Week Report, Covid-19: ZAP's Mid-Week Report - The Office of POOFness - 5.20.20

Hydroxychloroquine Benefits: https://www.thegatewaypundit.com/2020/05/people-united-states-need-know-brilliant-president-tx-doctor-praises-trump-following-hydroxychloroquine-announcement-video/

Pharmacy Board Reversing Course on Restricting Hydroxychloroquine: https://thetexan.news/pharmacy-board-loosens-restrictions-on-hydroxychloroquine-prescriptions-reversing-course/

Catastrophe: 20% of Human Test Subjects Severely Injured from Gates-Fauci Coronavirus Vaccine by Moderna: https://www.fort-russ.com/2020/05/catastrophe-20-of-human-test-subjects-severely-injured-from-gates-fauci-coronavirus-vaccine-by-moderna/

Vaccine could change your DNA: https://www.pnas.org/content/99/4/2320

Bill Gates Explains Covid Vaccine Permanently Alters DNA: https://www.wakingtimes.com/2020/05/15/bill-gates-explains-that-the-covid-vaccine-will-use-experimental-technology-and-permanently-alter-your-dna/

Human Production of Covid-19, Australian Study: https://www.zerohedge.com/health/austrian-study-finds-sign-human-intervention-covid-19

Virus GMO Built with HIV Study: https://www.veteranstoday.com/2020/05/14/wuhangate-8-sars-2-virus-gmo-built-with-hiv-breaking-study-by-bio-engineer-ex-nato-lecturer

Fauci, Birx Promote Ridiculous Model: https://www.thegatewaypundit.com/2020/05/will-dr-fauci-dr-birx-serve-time-prison-destroying-us-economy-based-ridiculous-imperial-college-model-now-proven-complete-trash/

Dr. Mikovits Drops Bombs on Fauci: https://truepundit.com/payback-dr-judy-mikovits-comes-out-swinging-drops-new-bombs-on-dr-fauci-cdc-during-vicious-interview/

Bill Gates and Population Control: https://www.activistpost.com/2020/05/bill-gates-and-the-population-control-grid.html

WHO Bribe to Poison COVID-19, COVID – 19 Cure: President of Madagascar, Andry Rajoelina has claimed that the World Health Organisation, WHO, offered his country the sum of $20m as bribe to poison COVID-19 cure, according Tanzania Perspective. The President went on to insist that the herbal remedy called ‘COVID Organics’ made from Artemisia can cure COVID-19 patients within ten days. https://thewatchtowers.org/madagascar-cure-we-have-been-offered-20m-to-poison-covid-organic-president-rajoelina-video/

Face Masks Helpful?: https://stoplookthink.com/face-mask-exemption/

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I. International Child Sex Trafficking:

Comprehensive Website on Global Elites Involved in Child Sex Trafficking Pedophilia and the Satanic Ritual Abuse: https://exposingpedovore.wordpress.com/2019/07/24/list-of-known-names-connected-to-satanic-cults-pedophilia-child-trafficking-in-america/

J. Currency Exchange/Bond Redemption: Please treat the below as my guess. Official instructions would be available upon 800# release.

WARNING: DO NOT give your foreign currency or Zim Bonds to anyone to exchange, or redeem for you. If a Group Leader was telling you that they could obtain better rates for you, or saying not to go to your appointment at an Exchange Center, they were not telling the truth.

Anyone could exchange and redeem their currencies and/or Zim Bonds, and would have the same ability to obtain the higher Contract Rates as anyone else, as long as they did it at a licensed Exchange Center as per appointment through the 800#s.

I am not aware of how someone outside the US could redeem Zim Bonds. That question should be asked to the person who set up your appointment.

An hour or so prior to 800# release, Wells Fargo and HSBC Banks would send out over 530,000+ email notifications for appointments to currency and Zim Bond holders worldwide, along with instructions on how to exchange and redeem within your own country. Those emails would include links to a secured website. Clicking on that website with your computer or phone would automatically generate a code that identified your individual exchange/redemption as you set your appointment.

Exchange information would also be available on certain websites as below:

Dinar Chronicles: http://www.dinarchronicles.com
Dinar Recaps: https://www.dinarrecaps.com/our-blog
MarkZ: https://www.twitch.tv/theoriginalmarkz
MarkZ Twitter: m.twitter.com/originalmarkz
Bruce: http://bigcalluniverse.com/callarchive/
TNT Tony: https://twitter.com/the_tnt_team
Dinar Detectives: https://dinardetectives.com/

K. Currency and Zim Bond Appointments: This information applied to redeemers in the US. Different countries would have their own regulations and rules. Please treat as my opinion only as deducted from Military Contact Intel reported by Fleming and Bruce:

The Elders wanted currency and Zim holders to get the highest rates for their humanitarian projects and/or investing in national and international humanitarian projects. Every currency and Zim holder would get an equal chance at the highest Contract Rates for their interest in humanitarian work and project presentations. It would be a level playing field with one appointment, not two.

Currency exchanges not asking for Contract Rates: At your appointment if you didn’t have Zim, nor a humanitarian project and didn’t want to invest in the national and international humanitarian projects, your currency would be validated, you would be given a specific rate (higher than what would be offered on foreign currencies after June 2), your account would be set up, you would be given a debit card with a percentage of your monies immediately available and then receive the rest within 48 hours. You would have no restrictions on how you spent your monies. Your appointment would last around 30 min.

Zim Redemption and Currency exchanges asking for Contract Rates: At your appointment if you had Zim and/or a specific humanitarian project and/or wanted to invest in the national and international humanitarian projects, your currency and Zim would be validated, you would be offered Contract Rates, the amount of which was dependent upon your humanitarian project and/or investment interest in national and international humanitarian projects, your account would be set up, you would be given a debit card with a percentage of your monies immediately available and receive the “rest” within 48 hours. The “rest” would be dependent on the long term payout (except for seniors) placed on your Zim.

That payout would be placed on your choice of a quarterly, semi quarterly or yearly payout period. The amount of earned interest on monies left at the bank during your payout period would be dependent on the amount of monies you had and length you chose for your payout period. A certain percentage of your Contract Rate monies would be for your own use, the rest dedicated to humanitarian work. Your appointment could last up to 90 min.

If you were not satisfied with the first appointment rate offered for the ZIM you would have 180 days (6 months) to work with a Wealth Manager and trust company private banking team, which would represent us to the US Treasury for higher rates than those we received in the first appointment. The Wealth Managers and trust company would be happy to help us.

US Taxes: The IRS was severely downsized as it folded into the new US Treasury at the end of March 2020. We had 4-6 IRS agents per state to collect a flat tax of 15-17%. There would be no capital gains tax on the exchange or ZIM redemption, just a tax on interest earned from exchange/redemption proceeds.

The new US Treasury under the Restored Republic was the banking regulator of banks post-RV. The US Treasury would not control account funds, only you would, but the Treasury would be the servicer of our QFS accounts and the banks would be financial service providers that would serve us as account holders.

If RV funds were used for Deep State purposes like drug running, child trafficking, gun running, or other criminal activities, the NSA would find out and freeze accounts on the QFS.

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Judy Note: I do not now, nor have I ever, received monies for writing my Updates and articles. The compensation has been in having outlets to help Save the Children by exposing truths about the very secretive Satanic Ritual Abuse, Pedophilia and Child Sacrifice that was rampant in our international society.

If you wish to help save children from international sex trafficking, contact Tim Ballard at Operation Underground Railroad: https://ourrescue.org/about/ https://www.youtube.com/watch?v=FT4tmI8YxCU&feature=emb_rel_end

U.S. Immigration and Customs Enforcement (ICE) investigates more than 400 violations of criminal law, ranging from child exploitation to transnational gangs inside and outside the US. This would include the rape, torture and murder of children by Satanic worshippers. Use this form to report suspected criminal activity: https://www.ice.gov/webform/hsi-tip-form

The above was a summary of information from the Internet. It would be up to the reader to do their own research and decide whether or not it was valid. A Thank You to those dedicated and brave intel providers who wished to remain unknown; to humble Wildfirelady who is adept at exposing the truth; to Martha who works around the clock to discern what is real in the fake news; to Brad who does great research and Ken who uncovers almost unlimited intel on pedophilia to help us Save the Children.

Divide They Try, Fail They Will, WWG1WGA to Support POTUS, Follow Q & Trust Plan

Let us Thank Q that the reset has finally come to be. I wish you well in your humanitarian efforts and look forward to seeing you on the other side where together, we will make life better for all.

Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world. Judy

Courtesy of Dinar Chronicles

https://inteldinarchronicles.blogspot.com/2020/05/restored-republic-via-gcr-update-as-of_22.html

TNT, Pimpy, Militiaman and more Friday Morning 5-22-2020

TNT:

Tishwash:  Deputy: The patchwork solutions and waiting for the high oil prices will lead to the collapse of the Iraqi economy

The former deputy, Masoud Haider, stressed that the patchy solutions that the government is putting in place and waiting for high oil prices will lead to the collapse of the Iraqi economy.

Haider said in a tweet on "Twitter", "The rapid population growth must be taken into account in Iraq, and think about how to absorb this increasing number of youth workforce?"

He added, "The economy is the focus of political, security and societal stability. The patchy solutions and waiting for the high oil prices lead all of us to fatalities and the collapse of our economy, even after a while."      link

Tishwash:  Disappointing' news from the oil market ... US-China tension puts an end to the path of rise!

Oil prices fell, on Friday, against the backdrop of tension between the United States and China, which sparked fears that the pandemic of the Corona virus will overshadow fuel demand in the world's second largest oil consumer.  

According to a report by "Reuters" followed by "NAS" (May 22, 2020), Brent crude fell 1.43 dollars, or four percent, to 34.63 dollars a barrel by 0630 GMT, after falling to the low level of 33.54 dollars a barrel.  

West Texas Intermediate crude fell 1.81 dollars, or 5.3 percent, to 32.11 dollars a barrel, after falling to 30.72 dollars earlier.  

Oil prices have risen strongly in recent weeks and are still on track for the fourth weekly gain after the declines in April when US crude fell without traveling.  

But markets were disappointed by China's decision not to set a target for economic growth this year, with the start of a week-long meeting of the National People's Congress.  

Analysts say the escalation of tension between the United States and China over trade and the Beijing plan to implement national security legislation in Hong Kong is hurting oil and other markets.  

US President Donald Trump has warned of a strong response to seeking more control over the former British colony.  

At the same time, demand for gasoline is back, as data prepared for Reuters shows that traffic in some capitals of the world is recovering to levels recorded a year ago after lifting the restrictions associated with the Corona virus.  

US oil inventories fell last week, compared to expectations for an increase, according to official data this week.    link

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Courtesy of Dinar Guru

Bruce    ... make sure everybody understands what “on par” means when it comes to currencies – it means that the currencies being on par with each other means having the same value – this is not now – this is starting June 2nd  if everything holds to the current pace...The Iraqi Dinar would have the value of $1.00 – 1 dinar = 1 dollar...

MilitiaMan  Article:  "The Council of Ministers sets the days for the Eid holiday and directs the salaries of employees and the financial crisis"   There are no coincidences now.  They will imo use this window to game the RI... There is a Bank Holiday come Monday in the USA and UK, too...

Iraqi Dinar News 05/21/20

Pimpy’s Investment Chat: 

https://youtu.be/kpOgWkZ4jKs?t=5

NESARA PART 6  The Global Currency Reset

Pimpy’s Investment Chat:  May 19, 2020

https://youtu.be/CwJFGYvEO1A?t=1

How to pay for NESARA / GESARA  https://www.youtube.com/watch?v=XaLVsfLUyRI

Nesara Part 5   https://www.youtube.com/watch?v=-SQQ4MulJ28

Nesara Part Four   https://www.youtube.com/watch?v=KIGQJ-LHw7I

Nesara Part Three   https://www.youtube.com/watch?v=yw8ndr6y8oQ&t=291s

Nesara Part Two  https://www.youtube.com/watch?v=I0pZ0HfyZa8

Nesara Part one   https://www.youtube.com/watch?v=CfHwcF79QpQ

What Is Power In International Relations?

What Is Power In International Relations?

Global Meltdown, United States

By Vladislav B. SOTIROVIĆ 18/05/2020

 Power is the ability to make people, states, movements, organizations, or things to do what they would not otherwise have done. It is a matter of fact that politics is seen to be about might rather than right.

It can be said that, in essence, politics is power or in other words, the ability of some international actor to get desired results of his/her political behavior by using whatever instruments (legal or not, moral or not, etc.). In the very broadest sense of its meaning, power can be understood as the ability to influence the results of certain political/historical events, from the point of view to have or control power to do something on the arena of world politics and international relations.

The notion of power in world politics is usually attached to the nation-state and, therefore, power as an ability is prescribed to the country to direct its affairs but without the interference of other states or other international actors. As a consequence of such an understanding of the term, power in politics is, basically, very close term if not even the synonym to autonomy or independence.

Nevertheless, in academic literature, power in international politics is mostly understood as a relationship as the real ability to influence the behavior of other actors (states, organizations, movements, parties, persons, etc.) in a manner, not of their choosing. That is the reason why the term power over others is becoming more and more used as a proper one.

In other words, power in politics can be understood as a phenomenon that is exercised when one actor gets another actor to do something that, in fact, the latter would not otherwise have done. However, from the very practical points of view, distinctions exist between potential and actual power, relational and structural power, and finally between hard and soft power.[1]

Power is for sure a property of a structure what means that it is an ability to control the political moves and shape how things are going to be arranged of the others influenced by key factors through which one actor may influence another one or several of them at the same time (for instance, the relations between the USA and the rest of the member states of the NATO).

For decades, power in international relations has been seen through the prism of capabilities, and consequently, power as a phenomenon was understood either as an attribute or possession. From this point of view, power was often reflected in attempts to make a list of components of the power of a nation-state.

However, those components usually are seen, in fact, as the real capabilities of one actor to achieve its aim by using some sort of power.[2]  The focal capabilities of nation-states in direct relation to their potential or real power are the next five:[3]

Military capability: It is the question of how large military forces does one actor has, how many weapons and of what kinds of weapon, and of what quality? In other words, the greater the military capability of one actor taking into consideration all of these dimensions, the greater is its real political and military power in the international arena.

Many Great Powers reduce their army’s size when they get more sophisticated weaponry. The realist school understands the power in international relations almost exclusively attached to the military capacity of a nation-state. Military capacity is a basic force of power as it enables a state to protect its own borders, people and territory from external aggression but as well as to impose its interests across its borders by a policy of occupation and expansion.

From a very military viewpoint, the crucial factors are, therefore, the size of the army, its effectiveness in terms of morale, training, discipline, command, and its possession of the most advanced weaponry and equipment.

Economic resources: From an economic standpoint, the power of nation-state depends on how large is a GNP, how much nation-state is industrialized and technologically developed, and how much its economy is diversified? In other words, the weight of the nation-state in the international arena is closely connected to its wealth and economic resources.

We cannot forget that in practice, military power directly depends on economic development of the actor for the very reason that economic wealth enables nation-states (and other actors in international relations) to develop large military forces, possess sophisticated weapons, pay for the mercenaries or wage costly wars (for example, the US military intervention in Iraq in 2003).

Modern technology with advanced industry is as well as expressions of economic wealth of a nation which gives political power in relation to trading and other partners. It is true particularly in those cases when national currencies are very strong and stable to the extent that other nations are using them as tools of international exchange.

Natural resources: It means, how much an actor has access to natural resources for the sake to support its own economic capabilities in general and in particular its military?

Population resources: The power of a nation-state very much depends on its population number what is of extreme importance for both national economy and military as a large population usually contribute to a larger military and labor force.

However, in this respect, it is necessary to respect a population’s age, gender, level of literacy, skills, health, and education as all of these factors have a direct influence on the actor’s economy, technological advantage, and military strength. Modern economic, especially industrial, development require mass literacy and certain levels of work-related skills.

Today, a higher-level of scientific and technical skills became a crucial requirement for national economic success. However, politically, it is a question is the population of nation-state united around its Government, or there are political, ideological, confessional, etc. cleavages which are threatening internal national cohesion?

Geographic features: The chief significance of geographical elements as land area, location, climate, topography, and natural resources, are always stressed by human geographers and geopolitics to be of extreme importance for the national power.

In other words, from a geographical point of view, it is important how large territory of a nation-state is, does it possess direct access to the sea/ocean, does the terrain of the state can provide natural defenses (mountains, marshes or rivers, for instance)? Finally, it is as well as a question do climate, geographic features, and terrain in general permit agriculture and strengthening a defense system in general?[4]

How Many Powers?

We can say that almost all forms of politics are about power and, therefore, politics as an academic discipline is usually understood as the study of power. Contemporary politics studies raise two focal questions concerning power: 1) Where power is located or who has it?; and 2) How many powers exist? That is the question regarding the changing nature of power.

G20-Sumit-2019The actors in international relations, especially those who belong to the Great Powers[5], can use capabilities in different ways in order to increase their political, economic, military or so influence on the others.

There are eight different and basic natures (types) of power used by actors in global politics and international relations but especially by those from the group of Great Powers in order to reshape World order:[6]

Hard Power: This is the ability of an actor (in fact, a nation-state) to influence another actor or actors by using threats or rewards. The actor using hard power is involving military “sticks” (punishment) or economic “carrots” (reward). The policy of hard power predominantly focuses on the use of economic sanctions, military threats, and even military deployment in order to coerce the compliance of others.[7]

Soft Power: This is the ability to influence other actors by convincing them by different means to follow or agree to certain norms, aspirations, and politics that produce the desired behavior. The term soft power is used in the studies of international relations to mark the use of economic, cultural, and diplomatic measures for the sake to attract and shape the actions of other actors toward the desired direction.[8]

Smart Power: The policy of smart power is to combine both hard power and soft power to reinforce one another in the international arena. In other words, the main instrument used by smart power is, in fact, compelling that is a tactic/strategy used to force an actor to make concessions against its will by combining military threats with economic/financial rewards.

Relational Power: It means the ability of one actor to influence another actor or several of them in a direction that originally was not of their wish and choosing.

Structural Power: It is an ability to shape the frameworks within which actors in global politics relate to one another. Therefore, the structural power used by the supreme actor determines how politics is going to be done for the rest of the group. Structural power operates through structures that shape the capacities and interests of actors in relation to one another.[9]

Compulsory Power: Such power allows the actor to establish direct control over another by implying military, economic or financial instruments.

Institutional Power: It is used when the actors exercise indirect control over as, for example, when states establish international institutions that work to their own long-term advantage and to the disadvantage of others (NATO, the EU, etc.).

Productive Power: This power is in essence inter-subjective power as it is the power that operates through the ability to shape an actor’s own traditional beliefs, values, or perceptions. Productive power is influenced by social constructivists, poststructuralists, and feminist thinking and works by defining the so-called “legitimate” knowledge and by determining whose knowledge matters.[10]

Closing remarks

Politics, either domestic or international, in essence, is a power that means the ability to achieve desired results by using different instruments and policies. The quest for power and influence are basic points of any politics. Power as a phenomenon was all the time central to studies of conflict and security.

Nevertheless, power is a very complex and multi-dimensional phenomenon. From a purely academic point of view, power as a concept is extremely disputed as there is no agreed notion of power, only exist different rival notions coming from different schools.[11]

However, almost all schools in global politics and international relations agree that power has to be understood in terms of capability – an attribute which an actor (mostly nation-state) possess; relationship – the exercise of influence over other actors; and property of structure – the ability to control the political agenda and direct things to the proper direction.

To conclude, regarding global politics and international relations, power is “the ability to convince another state to do what it would not normally do”.[12] The first move of the state is to organize power domestically, and the second is to accumulate power internationally.[13]

Endnotes:

[1] Andrew Heywood, Global Politics, New York: Palgrave Macmillan, 2011, 210.

[2] Richard W. Mansbach, Kirsten L. Taylor, Introduction to Global Politics, Second Edition, London−New York: Routledge Taylor and Francis Group, 2012, 253.

[3] These five capabilities or the focal elements of national power are usually taken into consideration to rank nation-states within a global hierarchy especially those from the club of Great Powers.

[4] See more in [Paul Cloke, Philip Crang, Mark Goodwin, Introducing Human Geographies, Second Edition, Abington, UK: Hodder Arnold, 2005].

[5] Originally, in the 18th century, the term Great Power was related to any European state that was, in essence, a sovereign or independent. In practice, it meant, only those states that were able to independently defend themselves from the aggression launched by another state or group of states. Nevertheless, after WWII, the term Great Power is applied to the countries that are regarded to be of the most powerful position within the global system of international relations.

Those countries are only countries whose foreign policy is „forward“ policy and therefore the states like Brasil, Germany or Japan, who have significant economic might, are not considered today to be the members of the Great Power bloc for the only reason as they lack both political will and the military potential for the Great Power status.

One of the fundamental characteristics and historical features of any member state of the Great Power club was, is, and will be to behave in the international arena according to its own adopted geopolitical concept(s) and aim(s). In other words, the leading modern and postmodern nation-states are „geopolitically“ acting in the global politics that makes a crucial difference between them and all other states.

According to the realist viewpoint, global or world politics is nothing else than a struggle for power and supremacy between the states on different levels as the regional, continental, intercontinental, or global (universal). Therefore, the governments of the states are forced to remain informed upon the efforts and politics of other states, or eventually other political actors, for the sake, if necessary, to acquire extra power (weapons, etc.) which are supposed to protect their own national security (Iran) or even survival on the political map of the world (North Korea) by the potential aggressor (the USA).

Competing for supremacy and protecting the national security, the national states will usually opt for the policy of balancing one another’s power by different means like creating or joining military-political blocs or increasing their own military capacity. Subsequently, global politics is nothing else but just an eternal struggle for power and supremacy in order to protect the self-proclaimed national interest and security of the major states or the Great Powers.

As the major states regard the issue of power distribution to be fundamental in international relations and as they act in accordance to the relative power that they have, the factors of internal influence to states, like the type of political government or economic order, have no strong impact on foreign policy and international relations. In other words, it is of „genetic nature“ of the Great Powers to struggle for supremacy and hegemony regardless of their inner construction and features.

It is the same „natural law“ either for democracies or totalitarian types of government or liberal (free-market) and command (centralized) economies. About Great Powers, see more in [Paul Kennedy, The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000, New York: Vintage Books, 2010; Matthew Kroenig, The Return of Great Power Rivalry: Democracy versus Autocracy from the Ancient World to the U.S. and China, Oxford, UK: Oxford University Press, 2020].

National interest is foreign policy goals, objectives, or policy preferences to be benefited by society. Public interest is basically a synonym for the national interest.

[6] World order can be understood as the distribution of power between and/or among Great Powers or other focal actors in global politics by different means establishing a relatively stable framework of relationships and behaviours in international relations. See in more detail in [Stephen McGlinchey, Rosie Walters, Christian Scheinpflug (eds.), International Relations Theory, Bristol, England: E-International Relations Publishing, 2017].

[7] NATO’s military aggression on the Federal Republic of Yugoslavia in 1999 illustrates how hard power works in the practice as the Yugoslav army stopped fighting primarily because of the threat of use of additional and more effective NATO’s strategy and military actions.

[8] As one of the effective instruments used within the framework of soft power is, for instance, the NGOs [Karen A. Mingst, Essentials of International Relations, Third Edition, New York−London: W. W. Norton & Company, 2004, 180−185].

[9] Garrett W. Brown, Iain McLean, Alistair McMillan (eds.), The Concise Oxford Dictionary of Politics and International Relations, Fourth Edition, Oxford, UK: Oxford University Press, 2018.

[10] See more in [Sorin Baiasu, Sylvie Loriaux (eds.), Sincerity in Politics and International Relations, London−New York: Routledge Taylor & Francis Group, 2017].

[11] See in more detail in [Stephen McGlinchey (ed.), International Relations, Bristol, England: E-International Relations Publishing, 2017].

[12] Steven L. Spiegel, Jennifer Morrison Taw, Fred L. Wehling, Kristen P. Williams, World Politics in a New Era, Third Edition, Thomson Wadsworth, 2004, 702.

[13] John Baylis, Steve Smith, Patricia Owens, The Globalization of World Politics: An Introduction to International Relations, Fourth Edition, New York: Oxford University Press, 2008, 100.

https://orientalreview.org/2020/05/18/what-is-power-in-international-relations/

The Three Sides of Risk

The Three Sides of Risk

May 19, 2020 by Morgan Housel

I grew up ski racing in Lake Tahoe. I was on the Squaw Valley Ski Team, and it was the center of my life for over a decade. At a conference a few months ago I was asked what skiing taught me about investing. This was on stage, where you can’t ponder your answer – you have to blurt out whatever you can think of.

I didn’t think skiing taught me anything about investing. But one incident came to mind.

“Well, let me take this to a dark and tragic place,” I said before telling a group of 500 strangers a story I hadn’t talked about much in almost 20 years. A dozen of us had grown up skiing together. Most had known each other since we were young children.

By 2001 we were in our late teens, having spent the majority of our waking hours over the previous decade never far from each other. We skied six days a week, 10 months a year, spending summers on the glacier of Mt. Hood, Oregon and in New Zealand, where the seasons mirror our own.

Skiing took precedence to everything. Most of us were in an independent study program that let us bypass traditional high school. After skiing all day we read a few books and filled out a few forms in the evening in what – to our amazement – led to a diploma.

The amount of time we spent together created a relationship closer to siblings than friends. Ski racing is an odd hybrid between a team and individual sport. You train and travel and eat as a team, but the sport itself is individual. Our race results did not rely on each other; our daily sanity did.

Any group of a dozen teenagers will find a way to butt heads. Half the time I think we hated each other. Twenty years later, few of us keep in touch.

But of the dozen teenagers who, by 2001, I had spent the majority of my life with, four of us had become inseparable best friends. This is the story of two of them – Brendan Allan and Bryan Richmond.

You take amazing things for granted when they become routine. Squaw Valley is one of the largest ski resorts in North America, was home to the 1960 Olympics, and attracts a million visitors a year. It’s staggeringly beautiful. To us, it was just an extension of home.

Ski racing required four hours a day of training, which felt like work to us. The rest of the time – another four hours a day, six days a week – we just skied around, unstructured, having a good time. We called it “free skiing.” Everyone else just calls it skiing.

On February 15th, 2001, we had just returned from a race in Colorado. Our flight home was delayed because Lake Tahoe was blasted with a blizzard vicious even by its own standards. You can’t race or train when there’s a blanket of new snow – racing requires hard-packed ice. So it was time for a week of free skiing.

Earlier that month Tahoe received several feet of light, fluffy snow that comes from Arctic temperatures. The storm that hit in mid-February was different. It was warm – barely at the freezing point – and powerful, leaving three feet of heavy, wet snow on top of the light powder that came before it.

We didn’t think about it at the time – we didn’t think about much at age 17 – but the combination of heavy snow on top of fluffy snow creates textbook perfect avalanche conditions.

To continue reading, please go to the original article here:

https://www.collaborativefund.com/blog/the-three-sides-of-risk/

5 Lies You’ve Been Told About Generational Wealth

5 Lies You’ve Been Told About Generational Wealth

Posted in Dinar Recaps Archives on 7/20/2019

By Pavithra Mohan

From TNT -- Ify: This Article explains why RayRen continues to say NOT to gift large monies but to Educate your children, grandchildren... Article on Generational Wealth:

Here’s what you have wrong about people who inherit money.
5 Lies You’ve Been Told About Generational Wealth

The markers of generational wealth are manifold, from the promise of a good education to the security of homeownership. Wealth begets further wealth, but not always through inheritance of assets.

“Much of the transmission of wealth to the next generation goes through these earlier life processes, such as supporting children’s education, supporting their ability to purchase a home, or to get married,” researcher Fabian Pfeffer wrote in a recent study at the University of Michigan. “All of these—education, homeownership, marriage—in turn help you accumulate wealth.”

But the extent to which family money helps future generations retain and build on their wealth—or acquire financial literacy—is less marked than you might imagine. Here are some of the commonly held misconceptions about the beneficiaries of generational wealth.

1. Their Wealth Lasts Many Generations

We don’t have to look further than one Donald Trump to see how wealth can trickle down and set up future generations for success. But generational wealth is actually harder to maintain than America’s richest families might lead you to believe: About 70% of wealthy families lose their wealth by the second generation, and 90% do by the following generation.

One reason that happens is the next generation may not be equipped to manage the money they inherit. But it’s also that family wealth can be diluted as it is divided amongst children, especially if each has a different stance on how to invest or manage the family finances. (Think of the family jockeying on Succession.)

Some financial experts even recommend that—not unlike businesses—families come up with a “mission statement” to establish financial values and goals, in an effort to preserve wealth across future generations

2. Their Parents Talk To Them About Money

You might think parents with money share their financial know-how with their offspring. But that’s not necessarily the case. “Some parents don’t want their kids to feel like they have a huge landing pad or that they may not need to work,” says Emily Green, a financial adviser at Sallie Krawcheck‘s investment platform, Ellevest.

To continue reading, please go to the original article at

https://www.fastcompany.com/90372281/5-lies-youve-been-told-about-generational-wealth

Thursday Night X22 Reports 5-21-2020

The Economic Strategy Is Not What The D’s/MSM Were Expecting - Episode 2180a

X22 Report:  May 21, 2020

The patriots are helping the people, those within gov positions are trying to stop this, they are diverting funds away from where they are supposed to flow to.

The D's/MSM did not expect the Trump administration to prepare for the economy for something like this, the push to destroy the economy has failed. 

https://youtu.be/4XrNAAf2Y1w?t=3

Treason Runs Deep With The [DS], Ratcliffe Next DNI, Buckle Up - Episode 2180b

X22 Report:  May 21, 2020

The [DS]/MSM are now doing everything and anything but at each turn the people are finding out that they have been lying.

Treason runs deep with the [DS].

Ratcliffe was just confirmed as the next DNI, the [DS] are now blocked, they are exposed, there is no place to hide, the patriots are coming for them.

https://youtu.be/Argk05L_gJI?t=1

More News, Rumors and Opinions Thursday Night 5-21-2020

KTFA:

Don961:  Adviser to the Prime Minister: We have a problem securing the June salaries ... Our revenues are very weak

Policy 05/21/2020 21:38 4655    
Baghdad today _ Baghdad 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the existence of a supreme committee specialized in public financial engineering re-engineering in Iraq.

The official news agency quoted him as saying today, Thursday, that "the revenue collection for the month of May came less than 2 trillion dinars, while the actual need is more than five trillion dinars only to secure salaries except for the expenses of the other country," noting that "non-oil revenues are very few as It is about 100 billion dinars per month. "

Saleh added that "the government secured the salaries of this month through borrowing from the three government banks," noting that "there is a certain mechanism to secure salaries only."

He stressed that there is a big problem in how to secure the salaries for the month of June, especially since the oil revenues for the month of May are very weak, pointing out that "the work team that formed the finance is working to secure the salaries for the month of June."

Saleh announced a financial reform that includes a review of high salaries and at the same time protecting small employees who receive few salaries with the possibility of raising them, taking into account that the sixth month salaries will be spent in accordance with the financial reform in addition to revenue, explaining that "the government is currently using a monthly financing budget Not allocation. "

Saleh disclosed that a higher committee for financial and economic reform works to properly re-engineer public financial engineering in Iraq and put it in new controls and standards.

And on the budget law, Saleh drew attention to the possibility of issuing the law after the month of July to cover a whole year while preparing for the budget for next year, indicating that the new appointees cover and their salaries if their administrative orders are legal.  LINK

Courtesy of Dinar Guru

Frank26  ...the information is flowing very rapidly now.  I mean very rapidly about the redenomination, the monetary reform, the reinstatement of their currency...this article...that blew everybody up...what they're trying to tell you is that it's not that the Iraqi dinar is going to go down in value in fact a few days ago they said 'we're gonna print a whole bunch of currency' and the people in Iraq (my fireflies) they lost it!...look guys it's their job to confuse you...it's all fake news...the confusion seems to have ironed itself out in my opinion...today we see this article from the meeting with the CBI and the Fab 4 clearly explaining the true path of the monetary reform. The RD is becoming very very loud.  They are implementing a new currency with a new rate...they're fully committed to raising the value of their currency...Where is the redenomination?  Where are we in that process?  I think we're ready to see a change...

************

TNT:

Tishwash:  The World Bank to the Ministry of Planning: ready to help Iraq quickly

On Thursday, Minister of Planning Khaled Battal Al-Najm received the World Bank mission, and discussed with them ways to enhance national efforts to confront the Corona virus pandemic and the financial crisis.  

A statement of the ministry, "People" received a copy of it (May 21, 2020) that "the Minister of Planning received the resident representative of the World Bank in Iraq, Ramzi Noman and his accompanying delegation, and discussed a number of issues of common concern, ways of strengthening national efforts to confront the emerging Corona virus pandemic, and ways The guarantor in dealing with the effects of the current financial crisis that Iraq is going through, due to the drop in oil prices. "  

Battal valued, according to the statement, "the level of support provided by the World Bank mission to the efforts of the Iraqi government," calling for "a review of the structure of support provided to Iraq in accordance with the priorities of the current health and economic conditions."  

He explained that "measures adopted by the Ministry to mitigate these consequences at the immediate and medium levels, and to present a reform plan to address the future repercussions that the crisis will exert, represented by the high rates of poverty and unemployment, as a result of the economic downturn, the decline in growth rates, and the decline in gross domestic product."  

For his part, Ramzi Noman expressed "the mission's readiness to provide all kinds of rapid and possible support that Iraq needs to face the current conditions", praising at the same time, "the measures taken by the Ministry of Planning to face the repercussions of the crisis and contribute to protecting fragile segments of society, and the perpetuation of the wheel of life ". link

Phase 2 Of The China Trade Deal, Weaken China, Rework Supply Chains:  Bob Kudla

X22 Report Spotlight:  May 21, 2020

Todays Interview: Todays interview is with Bob Kudla.

The interview starts off with Bob discussing the economy, that it will recover but it will take some time.

China trade deal might not happen but because of the event the Chinese supply chains are being looked at and reworked.

China is now weakened. Gold and silver are ready to move.

https://youtu.be/UXRBgn9e1ts?t=1

IQD CALLS Chat Early Thursday 5-21-20

IQD CALLS Chat Early Thursday 5-21-20

BaxterI have an article I want to bring in here.. give me a second... A proposal on the government table to face the parliamentary economic and financial crisis warns!

Economie 05/20/2020 15:41 180 Editor: Zs  Baghdad today – special  The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, on Wednesday (May 20, 2020),

(1) warned against demands to raise the price of the dollar against the Iraqi dinar to confront the financial crisis and maintain the hard currency, stressing that this decision is not in the interest of the Iraqi financial system.

Al-Saffar said in an interview with (Baghdad today) that:

(2) "raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis."

He added,

(3) "It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation," noting that "the classes with limited income and those with salaries will be the first affected by this decision."

4) Al-Saffar pointed out that "raising the price of the dollar depends on the government's ability to apply the necessary public spending from other sources."

(5) The economist, Rasem Al-Akidi, warned, Thursday (14 May 2020), of floating the Iraqi dinar against the dollar, that is, reducing the value of the Iraqi dinar against the dollar according to a proposal put forward by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.

Al-Aqidi said in an interview with (Baghdad Today),

(6) "The issuance of any decision to float the dinar against the dollar in light of the current conditions in Iraq is very dangerous for the country which is basically suffering from uncontrollable losses, namely fees, customs, taxes and many other financial resources."

And that :  (7) "the flotation will lead to a significant increase in prices, and will be paid by the poor," noting that "the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil."

Al-Akidi said that :  (8) "floating the dinar against the dollar is launching the process of buying and selling without any limits, and the country will face an unprecedented rise in prices with limited and steady salaries, so conditions will be more difficult, especially in the humanitarian context."

Baxter   OK,.. KAP.... EXPLAIN THIS PLEASE

Baxter   Sure dont look like a float to me

Clay   wow nice article

Baxter   i thought so too

Clay   wish would just increase it already

Baxter   sure dont look like a float to me

Clay   what a gift that would be

Baxter   i know

Clay   nope

Clay   no float

Clay   never believed that

Clay   dont know where Kap gets his info

Clay   hoping it will resort to what it was

Baxter   well that article clearly states NO float

Clay   yep

Clay   no article ever said float except for normal movement of a currency

Foxmulder   That article BAX brought in . Kinda confusing.. of course what isn't with IRAQ

Doug_W   @Dave silver is off almost 50 cents now

Baxter   foxmulder well it sure says .. No Float

Doug_W   @Clay must have dreamed of buying some?

foxmulder   Doug_W wish the coin store was open wanted to by a bunch when it was down to 14 or 15 dollars

Clay   ha

foxmulder   Looking to by a kilo , just n6or sure if the gent will give a break on the spot price

Doug_W   was the best time

Clay   kilo of what

Doug_W   its been very volitile lately

Doug_W   Clay SILVER

Clay   ok

Clay   never heard by the kilo

foxmulder   Doug_W IKnow .. of course EVERYTHING was closed ;Thud

Doug_W   foxmulder https://www.silver.com/

foxmulder   Clay a few weeks back it was 460a kilo now 580

Clay   nice increase...how many oz is that

Doug_W   1,000

foxmulder   A kilo = 2.5 pounds

Clay   16 oz in a lb

foxmulder   Dont ask me how I learned what a key was

Clay   lol

Doug_W   I bet I KNOW

Clay   sell herb lol

Foxmulder   Sure wish they would do something besides talk about the exchange rate

Dave   sounds as IF we may get rich?

Baxter   HA..

Baxter   You saw my article eh?

Dave   quick read

Baxter   sure doesnt mention a float

Dave   Who said it was going too........?

Baxter   K A P E R O N I

Dave   oh that guy........disregarded anything he preached

Dave   particularly when CBI said No float countless times

Dave   Free float to be exacting

Dave   nic picking i suppose

Dave   All in the details sometimes?

Clay   many times stated no float in print

Clay   no country ever floated after currency devalued always went back to previous value

Wilder   Rumors going around gold to return as reserve currency. Ya think?

Kaperoni   Hey!, more float talk today. lol

Baxter   REALLY? not the way it reads to me

Kaperoni   05/21/2020  The yolk .. The float claims are wrong and the poor will pay the price!

The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, warned of the demands of raising the price of the dollar against the Iraqi dinar to confront the financial crisis and maintain the hard currency, stressing that this decision is not in the interest of the Iraqi financial system.

Al-Saffar said in a follow-up to Al-Ishraq that "raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that may be taken by the state to avoid the liquidity crisis."

He added, " It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation ," noting that "the classes with limited income and those with salaries will be the first affected by this decision."

Al-Saffar pointed out that "raising the price of the dollar depends on the government's ability to apply the necessary public spending from other sources."

The economist Rasim al-Aqidi, warned, earlier in the Iraqi dinar float against the dollar, i.e. reducing the value of the Iraqi dinar against the dollar according to a proposal put forward by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.

Al-Akidi said in an interview followed by Al-Ishraq, that "issuing any decision to float the dinar against the dollar in light of the current conditions of Iraq has a great risk to the country that is basically suffering from uncontrollable losses, namely fees, customs, taxes and many other financial resources."

Kaperoni   And that "the flotation does not constitute an increase in the value of the Iraqi dinar, but

Kaperoni   rather we will see an increase in the exchange rates of the dollar because of the lack of its acquisition in the global market, especially with the decline in global oil prices."

He added that "the flotation will lead to a significant increase in prices, and will be paid by the poor , " noting that "the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil."

Al-Akidi said that "floating the dinar against the dollar is launching the process of buying and selling without any limits, and the country will face an unprecedented rise in prices with limited and steady salaries, so conditions will be more difficult, especially in the humanitarian context."

Kaperoni   https://www.aleshraq.tv/all-detal.aspx?jimare=51746

Baxter   its exactly opposite a float

Baxter   Be back later

Kaperoni   Not good time to float is correct.

Kaperoni   But more importantly it confirms what the intent is once conditions are better

Kaperoni   floating is what countries do. They do not RV

Kaperoni   Oh and by the way, Lebanon just announced they are going to a float. that is the 3rd middle east country to float in last 4 years. lol

Kaperoni   Lebanon is preparing for fundamental structural changes in its economy

17:30 - 05/15/20200  The information / Baghdad ..The Lebanese government announced today, Friday, its serious intention to reduce the number of commercial banks from 49 to about half in the country.

This was stated by the Lebanese Finance Minister, Ghazi Wazni, during an interview with "France Press", where he said: "We are ready to meet the request of the International Monetary Fund to float the exchange rate of the lira, but after receiving external support, provided that in the next stage a price Flexible exchange. ”

Kaperoni   More...   https://www.almaalomah.com/2020/05/15/474312/

Kaperoni   lol

Jo   No it's a "Conspiracy" LOL YES IT IS FOR REAL THIS IS GETTING CREEPY I WANT OFF THE RIDE... Or why doesn't everyone go to Mars and I will stay here with the people that are not scared of the cartoon virus.

Baxter   That article said nothing about a delay... it said they werent considering a FLOAT.... he doesnt know how to read

Baxter   He reads things into articles...that just arent there

Jo   What It's Like to Believe Everything the Media Tells You

3,807,174 views•May 6, 2020  https://youtu.be/QcUAG6t5aN8

Jo   Speaking of Blue Pills https://youtu.be/dC_lZLzCrOI only 2min LOL

https://covid.joinzoe.com/us   COVID Symptom Tracker

https://www.worldometers.info/coronavirus/   Covid-19 Coronavirus Pandemic Stats

https://www.iqdcalls.com/chat/

Mike Maloney, David Stockman and Lynette Zang 5-21-2020

Mike Maloney

This Is The End: How & When Deflation Turns To Hyperinflation

Premiered 5 hours ago

There is no way out for the world’s Central Banks.This is the END>

This is the end. In this ‘deep dive’ presentation Mike Maloney points out how the Fed is now backed into a corner - that there are only two actions they can take, and both lead to the same destination.

Stick with this video, it is detailed…but the conclusions are vitally important to understand.

https://youtu.be/wBqD2dWE3QQ?t=1

David Stockman

Massive Stampede Into Real Money As Confidence in Keynesian Regime Evaporates

Silver Bullion TV:  May 20, 2020

Discussed in this interview:

03:49 Economic shutdowns flattened U.S. economy instead of infection numbers

13:17 Government bailing out every citizen

19:22 Real return of money is negative

22:51 $10 trillion? $20 trillion? What's the limit on Fed's balance sheet?

25:44 Cluelessness to basics of finance and sound money

29:19 Once gold breaks $1,900, it's off to the races

33:09 Long & deep L-shaped bottom ahead for U.S. economy

37:04 New monetary system based on gold

https://youtu.be/TYXD6cviIs8?t=2

Lynette Zang: 

Global Breakdown & Attacks From Many Fronts

https://youtu.be/RGCKIhfpqwM?t=4

Social Security Will Run Out Of Money In 2029 Because Of Covid

Social Security Will Run Out Of Money In 2029 Because Of Covid

Notes From The Field By Simon Black   May 18, 2020  Bahia Beach, Puerto Rico

The CDC’s National Center for Health Statistics released some alarming data earlier this week that surprisingly had absolutely nothing to do with Covid for a change.

The report showed that the birthrate in the United States last year declined to its lowest level on record ever since the government began collecting data more than 110 years ago.

This new record low birth rate breaks the previous record set in 2018, which broke the previous record set in 2017, which broke the previous record set in 2016. . .

You get the idea. This has been a long-term issue: people just aren’t having babies anymore. And it’s not just in the Land of the Free.

Fertility rates are low all over the developed world-- far below the ‘population replacement level’ of around 2.2 children per mother.

(This is the number of children that demographers say will maintain a steady population.)

In the United States, the average number of births per mother is currently about 1.7. In Australia it’s also around 1.7. In Spain, it’s just 1.5. In Japan, 1.44. In Italy, 1.31. In South Korea, 0.92. And in Singapore, just 0.83.

This list goes on and on. And the fertility rates in most of these countries are hovering near record lows.

Even many large, developing countries have low or declining fertility rates.

In Brazil, for example, the average woman has 1.74 children, which is below the population replacement level. And the rate has been falling steadily for decades.

Even India’s birth rate has been declining, down to just 2.24-- less than half the level from the 1980s.

And these statistics were pre-Covid. It certainly stands to reason that with all the economic uncertainty and virus fears, people will delay having children, and potentially have fewer.

This is pretty normal in any economic crisis; according to IMF data, birth rates worldwide plunged following the Great Recession of 2008/2009.

Now, it’s not like a low fertility rate means that some country is going to vanish into the history books.

In Spain, the population declines by an average of just 0.21% per year. And Japan’s population declines by roughly 0.12% per year.

These are trivial numbers… unless you’re thinking about Social Security and national pension funds.

The idea behind most social security programs around the world is that everyone with a job gives up a portion of his/her wages to pay monthly benefits to people who are currently retired.

We do this for our entire careers, with the promise that, when we reach retirement age, the younger generations will pay for our benefits.

This scheme clearly requires a steadily rising population in order to be sustainable:

If you have 1 person receiving benefits today, you’d need 3-4 people paying taxes to support that single beneficiary.

After a few decades, those 3-4 would be retired, requiring around 10-15 workers to support them. And when those 10-15 people retire, you’d need 30-50 workers to support them.

It’s easy to see why low birth rates and declining populations can cause these social security programs to fail.

But Covid is having an even deeper impact on these programs. Because in addition to making the fertility problem worse, Covid has also vanquished tax revenue.

In the US, for example, Social Security is funded almost exclusively by payroll taxes. So when tens of millions of people lose their jobs, payroll tax revenue declines, and Social Security runs a big deficit.

I’ve been writing about this for years: Social Security is already in deep trouble.

The program’s Trustees (which include the Treasury Secretary of the United States) write in their most recent annual report that Social Security’s trust funds will run out of money by 2035.

Again, though, that was pre-Covid. Financial crises tend to make these things a lot worse.

Back in 2007, the last year before the Great Recession, Social Security projected it would run out of money in 2041.

But the financial crisis took such a toll that, after it was over, they revised their projected insolvency date down to 2035.

Social Security hasn’t updated its projection yet to incorporate the Covid impact, and they probably won’t until next year.

But the Bipartisan Policy Center ran the numbers using Social Security’s own financial model. And according to their analysis, Social Security is now set to run out of money in 2029.

That might seem like a long time from now, but from a retirement prospective, it’s just around the corner.

And options for Social Security are extremely limited; the government will either have to (a) radically increase payroll tax rates, and/or (b) make drastic cuts to the monthly benefit they’ve been promising people for decades.

Neither option is good, and most likely they’ll end up doing a combination of both. But not yet.

As this pandemic has proven, they’ll wait until it becomes a major catastrophe before even acknowledging the problem, and then they’ll overreact with worst Draconian measures imaginable.

But any rational person who thinks long-term, however, still has time to plan.

To your freedom & prosperity, Simon Black, Founder, SovereignMan.com

https://www.sovereignman.com/trends/social-security-will-run-out-of-money-in-2029-because-of-covid-27781/

KTFA Members "Thursday News" 5-21-2020

KTFA:

Samson:  Text of a Notice on the Continuation of the National Emergency with Respect to the Stabilization of Iraq

 Issued on: May 20, 2020

On May 22, 2003, by Executive Order 13303, the President declared a national emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq.

The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States. 

For this reason, the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, Executive Order 13438 of July 17, 2007, and Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2020. 

 Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303.

This notice shall be published in the Federal Register and transmitted to the Congress.

DONALD J. TRUMP
THE WHITE HOUSE,
May 20, 2020.

OlLar:  I hope this doesn't really matter , pretty sure it just protects Iraq from creditors.

Samson:  Trump: Iraq’s instability continues to pose ‘extraordinary threat’ to US national security

21st May, 2020

US President Donald Trump has extended the national emergency first declared on May 22, 2003 to address the “unusual and extraordinary threat” to America’s national security and foreign policy posed by Iraq’s continued instability. 

It commits the US government to continue addressing “obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq.”

These obstacles “continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States,” Trump said in a White House statement published on Wednesday.

“I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303,” he added.

The original Executive Order 13303, signed by former US President George W. Bush on May 22, 2003, sparked controversy at the time as it appeared to hand US oil companies blanket immunity from lawsuits and criminal prosecution in connection with the sale of Iraqi oil.  

Opponents of the 2003 war accused Bush of removing Iraqi dictator Saddam Hussein in order to open up Iraq’s substantial oil reserves to western companies.

Several executive orders in 2003, 2004, 2007, and 2014 renewed the original national emergency as security conditions evolved in Iraq and the scale and scope of US involvement changed.  

Although Iraq has entered a reconstruction and stabilization phase since the 2003 invasion, its 2006-09 civil war, and the 2014-17 Islamic State (ISIS) conflict, its security continues to be marred by insurgency, internal division, structural and institutional weakness, and Iran-backed militia proxies. 

Among the most urgent threats is the ongoing presence of ISIS militants and sleeper cells across the country, particularly those operating in areas disputed between the federal government and the Kurdistan Region, where militants have exploited security gaps.

A new Pentagon report published earlier in May warned the group has been given the breathing space to conduct a “low-level insurgency” in territories once under its control, “in mountainous and desert provinces north and west of Baghdad, particularly within an area of northern Iraq claimed by both the central government and the semi-autonomous Kurdistan Regional Government.”

“US CENTCOM in February described ISIS as ‘regrouping and reforming’ in the Makhmour Mountains in northern Iraq, while the 2021 DoD budget justification for overseas contingency operations said that ISIS is expected to seek to re-establish governance in northern and western  areas of Iraq,” the Pentagon’s Lead Inspector General Sean W. O’Donnell warned in his report.

Most frequently attacked has been the eastern Iraqi province of Diyala, where 80 of the 250 attacks recorded in the last three months have been reported. The Diyala towns of Baqubah and Khanaqin have been among the deadliest. 

Other attacks were reported in the provinces of Anbar, Kirkuk, Nineveh, and Saladin, according to the report. The primary methods of attack were assault, IED use, and assassinations. ISIS also appears to have resurrected its summertime tactic of agricultural arson.  The group appears to be exploiting the chaos caused by the coronavirus lockdown to ramp up its attacks.

Despite the continued ISIS threat, the US and other coalition forces have consolidated their positions in Iraq in recent months, handing over control of several military bases to the Iraqi security forces.

The transfers are part of a long-term plan for the coalition to step back from its mission, coalition officials have said – although the COVID-19 pandemic and recent rocket attacks on bases hosting US and other coalition troops by Iran-backed militias are likely to have influenced strategists. 

The Iraqi government, meanwhile, seems to have ramped up its efforts to purge isolated areas of ISIS remnants, launching massive sweep-up operations which have uncovered bomb factories, arms caches, and tunnel networks.  Although such tactics look good on paper, the thorough, intelligence-based police work required to break up terror cells is broadly lacking thanks to the failure of Iraqi and Kurdish forces to coordinate.

Since the sides clashed in October 2017, the Kurdish Peshmerga has harbored deep mistrust of the Iraqi armed forces and their Popular Mobilization Forces (PMF) auxiliaries. As a result, local knowledge and intelligence networks forged over many years have been squandered.   

With Mustafa al-Kadhimi installed as Iraq’s new prime minister, tackling the threat posed by ISIS appears to be high on the agenda.  But the new PM also faces a massive economic crisis brought on by the collapse of world oil prices and the coronavirus lockdown, which will hobble his efforts to address the demands of Iraq’s young protesters for jobs, public services, and action against rampant corruption.  He is also caught in the middle of a dangerous rivalry between Iraq’s two main foreign allies – the US and Iran – which risks dragging the country into a proxy war. 

Trump’s renewal of the national emergency is therefore a recognition of the fragility of Iraq as it combats the insurgency, navigates internal divisions exploited by regional foes, and skirts financial collapse – all challenges which could pose a threat to US national security, foreign policy, and oil interests.   LINK

Samson:  Kurdistan region announces the holiday

21st May, 2020

The Kurdistan Regional Government announced on Thursday to suspend official working hours in its departments and institutions for five days on the occasion of Eid Al Fitr.

A spokesman for the regional government, Gottiar Adel, said in a statement received to Shafaq News today, that the official holiday of the holiday will start on 5/25/2020 until 5/28/2020.

The Ministry of the Interior of the Kurdistan Region of Iraq announced on Monday the imposition of a comprehensive curfew throughout the region during the days of Eid Al-Fitr, explaining that the ban will begin on the first days of the holiday and continue for up to 72 hours.

The interior minister of the region, Riber Ahmed, announced on Thursday the deployment of the Peshmerga forces and the Kurdish security forces (Asayish) in the streets of the region to implement the comprehensive ban during the days of Eid Al-Fitr.

Ahmed said during a joint press conference held with the Minister of Health Saman Al-Barzanji today, "The dangers of the Corona virus are still continuing, and the new infections recorded in the past few days in Arbil and Sulaimaniya are a source of concern to us and a serious position should be taken towards it."

"I call on citizens not to leave their homes during the days of Eid, because the Asayish and Peshmerga forces are roaming the streets to control and prevent movement," he added.  LINK

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Don961:  In light of the indicators of deflation and increasing unemployment rates ... "the specter of poverty" is chasing Iraqis and economic measures to overcome the crisis

May 20, 2020 8:51 PM Author: alzawraapaper  Baghdad / Pursuing Zora:

The pessimistic expectations regarding the economic situation in Iraq continue, in light of the expansion of the Corona virus and its implications for oil prices globally, which led to expectations of the economy shrinking and increasing rates of poverty in large proportions, because of the near-total dependence on oil as a basis for the general budget.

On the other hand, the United Nations representative in Baghdad, Jenin Henness Blackshart, expected during her last briefing, "the Iraqi economy will shrink by 9.7 percent, with poverty rates rising to about 40 percent in 2020, in addition to expectations of a decrease in economic opportunities."

There is talk in the economic and political circles of a number of measures that the Iraqi government must take to bypass the nation, by selling treasury bonds, borrowing, and raising the dollar exchange rates, as well as the possibility of reducing employee salaries.

While parliamentary sources told "Independent Arabia" that "there is a tendency in the cabinet to issue a decision to change the exchange rate of the dollar."

The sources indicated that "this procedure may take place gradually, but it has not yet lived up to the decision level." Noting that «the purpose of this measure is to raise the price of the dollar against the Iraqi dinar to address the crisis of low cash and reduce the budget deficit».

According to the Parliamentary Finance Committee, Iraq’s oil imports amounted to about $ 5 billion in February, but it started to decline from March (March), when it reached about $ 2.9 billion. In April, it recorded 1.2 billion. Dollars.

Perhaps the continued decline in oil prices, places the Al-Kazemi government facing a major challenge to provide cash and pay the dues of state employees, as well as to address the crisis of poverty and unemployment.

On the other hand, Ahmed Hama Rashid, a member of the Finance Committee in the Iraqi parliament, said:

“We have no data yet regarding increasing poverty rates, but it is certain that the economic crisis the country is going through has increased its rates.”

He added, "Overcoming the financial crisis is very difficult because the public debt has increased greatly, and we pay annually about 16 trillion dinars (about 13.33 billion dollars) of interest and debt installments, and this is considered a complete state budget."

And on the procedures for overcoming the financial crisis, Rashid revealed that "the government sent the first bill for internal and external borrowing, by selling treasury bonds," stressing that "the project reached the Finance Committee as a draft, and in the first session of Parliament it will read the first reading."

He added that «the salaries of the employees for this month will be delayed due to lack of cash, and, according to my information, the Ministry of Finance has indicated that it has no financing.»

For his part, Abd al-Zahra al-Hindawi, a spokesman for the Ministry of Planning, said: "Poverty indicators, according to our readings and expectations, have witnessed an increase during the past two months and the ministry is preparing a study on this matter," noting that "estimates are preliminary indicators that poverty rates may exceed 30 percent." .

He explained, "This is called transient poverty, and it is an emergency that touches the near-poverty line, and they are the workers whose work stopped due to the current crisis and were directly affected." As soon as life returns to normal and they return to practice their work, the problem ends.

And on the option of offering treasury bonds to provide external and internal debt, Jabr pointed out that "it is necessary to borrow to overcome the financial crisis, and internal borrowing is better than the external because its terms are easy and set by the state."

He explained that "internal borrowing will not reach its goals, because the public and non-bank financial institutions will not lend to the state, and this will push for external borrowing, which is tiring and with unfair terms that bear the burdens of future generations." However, we have a financial burden of approximately $ 79 billion, and interest and installments due.

He continued, "Nobody lends to Iraq in light of the current economic indicators, and the International Monetary Fund must interfere by providing guarantees to creditors in exchange for Iraq achieving the conditions of the fund that may increase poverty rates."

Iraq faces major difficulties in facing the financial crisis it is going through, with the increasing fears of large classes in Iraqi society that this decline may increase with the continued decline in oil prices.

LINK

Samson:  A glance into Sulaimani's foreign exchange markets

6th May, 2020
Sulaimani's Shakawti Mala market is a hub for exchanging Iranian tomans into local currency. 

One of three exchange markets in the city, most of the money exchanged here goes to and from Iran, Iraq, Turkey, Dubai and China. 

It has been the main market for Iranian tomans since 1991. 

Local traders use Iranian counterparts to transfer money from Iran into US dollars. 

No cash is handed over at the market; instead, transactions are built on trust.  

"They [traders in Sulaimani] have accounts in Iran and tell their Iranian counterparts to transfer the tomans to their accounts, and they will transfer dollars,"  says Mohammed Haji Qadir, who has been trading at the market since 1991. 

"It is based on trust...everyone adheres to [the rules], otherwise they'd be kicked out of the market," he added.

Millions of dollars are traded at the markets every day. 

However, due to the instability of the Iranian currency, some traders lose everything. 

Fresh sanctions on Iran also affect the exchange rate, Qadir added. 

Syrian pounds are also exchanged locally, but their value has plummeted after years of civil war. 

The equivalent of $50,000 in Syrian pounds before the civil war is now only worth $1,900. 

*****ENGLISH SUBTITLES   VIDEO LINK    LINK

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Samson:  The Russian Central Bank earns $ 6 billion from the high gold

21st May, 2020

The Russian Central Bank won about $ 6 billion in high gold prices in one month, in evidence of the correctness of the strategy that Russia has pursued over the past years by increasing gold reserves.

According to the data of the Russian Central, gold reserves, which are part of its international reserves, rose to a record level by May 1, amounting to 126 billion dollars, an increase of 5%, equivalent to 6 billion dollars from its level at the end of last March.

This increase is due to the rise in world prices, and Russia, which used to be the largest buyer of gold in the world, had stopped buying precious metals in April to stimulate gold exports.

"Last month, it showed that the Russian strategy for buying gold had paid off. The gold reserves support the overall reserves," said Kirill Choyko, head of analysis at BCS Global Markets.  

Gold was recently traded at peak prices since 2012, as the Corona pandemic increased demand for the precious metal, which is a safe haven. Over the past five years, Russia has spent more than $ 40 billion on gold purchases, as part of a strategy aimed at reducing the dollar’s ​​share in reserves. LINK