"Possible International Rates on a GOLD STANDARD" by Pimpy 5-28-2020

Iraqi Dinar News 05/27/20 (How they can pay for the rate change)

Pimpy’s Investment Chat:  May 27, 2020

According to this article…….(He reads the article)

In country rates for :

Vietnam Dong- .8cents

Iraq Dinar : 3.58

Zimbabwe-  .00014

Indonesia Rupiah:  TBA

International rates on a global gold standard.: 

Vietnam Dong outside of Vietnam - .47 cents to $2.71 US

Iraqi Dinar outside of Iraq: $3.90-$8.48 US

Zimbabwe outside of Zimbabwe: .4 cents to .14 cents

Indonesia Rumpiah outside Indonesia- $.1.05

These are possible on a GOLD STANDARD!!!!  Here is why………….

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

How To Get Rich

How To Get Rich

February 13, 2020 By Machinist

Most people want to be rich.  A smaller portion of those actually want to get rich.  If you are one of the enlightened few who are willing to actually do the work of getting rich, then you are in luck, because this article contains pretty much everything you need to know about money and how to accumulate a great big pile of it.

There are really only three ways to get rich, but one of those is dumb luck, and you either have it or you don’t.  That leaves only two ways to get rich that you have any control over.  You can work for your money or you can put your money to work for you.

Actually, you are going to have to work either way.  So, it would be more accurate to say that you can work for you money or you can work for your money AND let your money work for you.  Whether or not you choose to participate in that second part will largely determine how long you’ll have to work.

Let’s start by talking about money.

What Is Money?

Money is just a means of transferring value from one person to another.  If I am a candle maker, I could trade my candles for things that other people want.  I would probably be able to find a butcher and a baker willing to trade a steak and bread for candles.  I may even find a financial advisor who wants a candle, even though I am not interested in his services. 

By trading my candles for money, rather than trading directly for the goods I want, I can still get something of value from the advisor.  Furthermore, I could eventually hope to make a trade with a car maker, even though he will never have a need for the twenty thousand candles his car might be worth.

Where Does Money Come From?

Because money is just a representation of value, money can be created whenever value is created.  Value is created through production, and production typically comes from work.  So, even though there is only so much money in circulation, there is no limit to the money that can be created.  There is no limit to the work that can be done, so there is no limit to the money that can be made.

Creation of money through production is not to be confused with inflation, which is pretty much the antithesis of production. That’s a topic for another day.

A Note About Productivity

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

https://perpetualmoneymachine.org/how-to-get-rich/

Central Bank Economy Devastated

Central Bank Economy Devastated

Final Wake Up Call By Peter B Meyer

Unemployment Claims Four Times Higher

All governments in the world except a few have been in a state of bankruptcy to the Rothschild-crime-cabal since the 1930s. These criminals have engineered economic boom and bust cycles for hundreds of years, including the crash of 1929 with the Great Depression of the 1930s, and more recent the 2007/8 crisis.

Most economists, who have no idea what is going on, will tell that boom and bust are part of a natural ‘economic cycle’. Which is nonsense; these cycles are systematically planned in advance by special interest groups, like the Rothschilds and their cohorts, who own and control most of all central and big banks.

The economy is devastated right in front of our eyes. Never in history – including the Great Depression – have so many people been unemployed. And the fact that they all became unemployed at once is even worse. As by the end of March, 2020, 7.1 million people had filed for unemployment due to COVID-19.

And still, no one asks the real questions;

“How does the financial system get so bad that a virus can collapse the entire economy?” Or: “Will one-time stimulus actually fix the economy – or just make people even more dependent on the government?”

Or even: “What are the Dollar/Euro and all other currencies actually worth if they can print an unlimited number of those?”

But none of this seems to matter. Everyone wants a quick fix. And an easy hand-out. Politicians are happy to oblige. Unfortunately, this will cause even greater damage to the people they are supposed to help.

Many of the people who lost their job are the ones who are least able to afford it, like hourly workers. Those who work at or around minimum wage are even less likely to have savings to see them through the rough time. New unemployment claims are staggering – four times higher than the previous record set 40 years ago!

The fact is that all governments appear to have lied. Others who became unemployed were initially told they qualified for financial support, but in most cases the application process is proving to be impossible. Many workers, such as Uber and taxi drivers, and similar self-employed workers who work for their own account, are being asked to supply pay receipts, something they just don’t have. It just isn’t how these tiny businesses work.

Those who have applied are waiting weeks to hear back from national unemployment programs. Their applications will likely be rejected, leaving them without any income for an indefinite amount of time. If, they intent to open their small business the police come along to fine and close them down. There is no solution for these workers, who have to feed their family.

Small and medium sized businesses are in big trouble. Those who are not able to find a way to operate during these difficult times, have still overhead expenses and bills to be paid.

They have to pay rent and other miscellaneous expenses for their place of business.

Many have inventory payments that are due.

Restaurants that can’t make the conversion to takeout delivery, fitness studios, gyms, clothing stores, and many more independent businesses may never reopen after the government-imposed interruption.

One by one, families across continents are looking at disappearing income, higher prices, without real possibilities to seek new employment. Unemployment benefit, if and when it comes, is only a short term solution. If ever there was a chance to usher in Universal Basic Income (UBI) people should welcome it with open arms, and this crisis would be it.

Corona World Order Regime is Fascism

Of course, UBI brings with it many problems, not the least of which is a lord-and-serf relationship and a slippery slope toward the fascist-social credit system, and further integration in the New World Order. Right now everyone is looking at short-term effects, but the people will feel the effects of this situation for a very long time. In fact, this is likely to change the economy forever.

The fascist Deep State want socialism, with the power and wealth in their hands. Independent thinking and consciousness is conflicting with their strategies.

They want obedient workers and followers, removing any form of self defence.

They take it away in the name of saving the planet, climate, and more. The people have given their power away to their government.

So take it back by protesting on a grand scale, and awaken many others to do the same.

The Deep State is a matrix system of power over government and agencies going back thousands of years. Their number One of basic strategies is: destabilise nations; ruin their economies; send millions of manufacturing jobs off to places where virtual slave labour does the work; adding insult to grievance by exporting the cheap products of those slave-factories back to the nations who lost the jobs, to be sold to consumers without money on cheap credit, that are buying most of these things they really don’t need in the first place, to further undercut domestic manufacturers, forcing them to close their doors and fire still more employees.

And then solve that economic chaos by bringing order. What kind of order? Of course The New World Order. Which eventually, creates one world order, without national borders, under one management system, with a planned global economy, to restore stability, for the good of all, and for lasting harmony. But don’t believe anything they say, they lie and deceive you through their mouth, ears and nose simultaneously.

No doubt the reality is, our power has been given away to governments to relieve the people of personal responsibility, under the slogan of social equality, when government cannot even be taking care of themselves. People has to find out that the majority of politicians in government are corrupted criminals that lavishly live at our expense.

Many of us have become socially engineered to the point where they have lost all critical thinking by misplacing their trust with religions, governments and corporations. Even worse, their beliefs and opinions are formed by the main stream media, as they are too lazy to do their own research in finding out what really is going on. They are the ones that wear face-masks in the believe being protected. Against what?

Nonetheless, the chaos Humanity and the Earth are going through is the fall of the Deep State tyrants, their Draconian Law is giving way to Unity Consciousness and Universal Law. As Unity Consciousness is Truth.

What Will The Future Look Like?

At this point, it’s pretty difficult to imagine what a future filled with waves of pandemic virus, a devastated economy, and great financial loss will look like. But some of the things that can be expected are intermittent periods of social distancing, periods of interaction. Businesses like restaurants, movie theatres, bars, malls, travel experiences, and sports venues will never be the same and if they survive, will only be able to operate intermittently.

All that was missing is a wakeup call; according to Bloomberg has the wakeup call arrived last week, as retail landlords have been sending out thousands of default notices to tenants, who in turn have experienced a collapse in sales and cash flow due to the COVID-19 pandemic quarantine, and are simply unable to pay their debt obligations. According to Bloomberg, restaurants, department stores, apparel merchants and specialty chains have been receiving notices from landlords – some of whom have gone as long as three months without receiving rent.

The rent a car business is also seriously affected. Hertz announced, it previously tried selling enough cars to stay afloat, and it didn’t work. In early March Hertz sold 41,000 used cars in the U.S., but pumped the brakes as returns shrank and auto auctions stopped as traffic fell off a cliff. Used car prices then fell 34.4% in April, and with a mountain of new inventory on the market will likely push prices even further down, making it extremely difficult for Hertz and others to climb out of the disaster area.

The stakes are enormous, and landlords are suffering, too. An estimated $7.4 billion in rent for April hasn’t been paid, or about 45% of what is owed, according to a recent analysis, which also found that just a quarter of expected rent payments have been received by landlords.

The new focus will be on working from home in businesses where that is possible. Your ability as a business or employee to change in that direction will be the difference between bringing in an income or not, unless you work in some type of essential business or trade. Home-schooling will be a long-term thing – children will not be able to be in a regular school setting during outbreaks.

An Entirely Different World

People are going to be looking at an entirely different world, one full of six-foot distances, immunity passports and dystopian tracking methods through their phones.

Remember it has been announced long ago. ‘Big Brother is Watching You’ which has been implemented now. The lives we lived prior to COVID-19 are not going to come back like nothing ever happened. And every day the lockdowns continue diminishes the possibility of that even more. 

People need to accept; now is the time they can best figure out how to navigate the post-COVID world that awaits. This doesn’t mean you’ll never be able to be happy again. It doesn’t mean you’ll lose everything. It means that things are going to be different and if you don’t accept that, your adaption period will be dangerously long. The sooner people understand the new rules, the better off they’ll be. Be assured, things will be different. And we will adjust, adapt and survive.

But what is next? Nature has her own program. The COVID-19 will come and go. The number of cases of the virus may have peaked out by now. The dead are buried and life goes on. But the corrupt DS mafia as always is still on top of us.

Bailed-out businesses will not learn to save capital for a rainy day. Instead, they will pass out the loot to managers and shareholders, becoming even weaker. Households, too, will find that free money is appealing; they will come to expect it. Many more people will make more money collecting unemployment than actually working.

Ushering In The New People Economy

But FWC is of the opinion that life after corona will be based on the new people economy, freed from debt slavery, and unnecessary taxes. Life will improve significantly for everyone.

In truth, the whole Coronavirus fiasco has been a pile of complex, indecisive, contradictory information and instructions since the beginning. The blame game won’t fix anything, but perhaps stepping back to examine a timeline of facts and figuring out the details, may bring clarity to the epic screw up of today’s social-distancing.

At this moment in time; Fear mongers are still winning big time. They suck the blood out of the global central bank economy, that is not returning back to normal. Who are the culprits? Your own government, politicians, bankers, they are all in control and people are not allowed to say anything.

The drop in the economy is unique as such has never happened before. This economy is not coming back to normal anymore. A poll learnt; At least a third of small and medium size businesses are not coming back. But the fear mongers are yelling it will be coming back, this will not happen. Worse, they have taken away people’s freedom on a grand scale.

People have no rights, the government is in charge and they decide about everything that you are allowed to do. Just as they did after 9/11, but now even worse for the people. Housing starts fell by 30%, and the equity market went up, although the quality of the equities self went down.

If you haven’t taken your vaccination you are not allowed to go on an airplane, or renew your drivers license. The whole market is a joke, totally manipulated by the central banks. It is inflating or dying all over the place.

How about improving your immune system? It is only the people with respiratory problems in elderly homes that die. And for these people the whole nation is locked down, taking away peoples freedom or what had been left of it. Realise we live under dictatorship of our puppet government that stays under the control of the Deep State.

End of Central Bank Economic Cycle

The world is now at what must be near the end of the longest business cycle expansion in recorded history. There are also record high stock markets and real estate prices, after a 10-year march to the top, with prices more than 200% higher than they were in 2009.

Both of these record highs were made possible by a record expansion of the base money supply — in other words plain inflation. Through their quantitative easing (QE) programs; the central banks have added more money to the monetary system in the last 10 years than they added in the previous 90 years of their existence.

Any attempt for revival by pumping additional money in the economy will only initiate inflation and worsen future economic outlook.

Debt and speculation at this moment of time are characteristics of the past and won’t apply anymore in the future.

Currently we have entered in the reversal of the economic expansion cycle that is called contraction. (See attached graph). This implicates less consumption, less debt and more savings. And under such conditions the economy turns into depression.

Don’t expect a healthy new boom, the world is witnessing a sick echo of the old one. Governments, led by the attempt to re-inflate the bubble with guarantees and giveaways equalling to an entire year’s annual output of the world’s largest economy.

The public has become disillusioned and wary of the constant flow of lies and deceptions from politicians, supported by negative mainstream media reports, with news coverage that adheres to corporate agendas, which is a blatant understatement

People see their world changing and they want to understand what is happening, and why. They want to be informed so that they can be prepared. They want the freedom to make educated choices, instead of being told what to do by corrupt individuals and institutions that lie and deceive constantly, and have led them unnecessary into the fake Covid 19-pandemic-quarantine. Taking away their liberty of free movement.

Donald Trump re-elected as the first President of the New US Republic

The Trump Team knows that the Deep State have caused this economic downturn to blame it on Trump’s administration, with the objective to destroys President Trump’s chances for his re-election. Subsequently, it is important that people see some economic improvement in time for the upcoming election in November.

And there really isn’t any visible yet. But, Trump Team believe the people economy will appear to be in great shape before the 2020 election. When Donald Trump will be elected by default as the new and first President of the New Republic of America.

The old USA Inc. owned by the Deep Sate mafia, is penniless and broke, and will be abolished. This is an important change for the better. Very few know about the true economic monopoly-market model that is in force. A model employed in socialist, communist, and fascist systems.

Which, makes today’s ‘competitive free-market’ a fairytale. People that blame the economic woes on free-enterprise capitalism are not aware of this fascist system. Government intervention and control is precisely what is causing the economic crisis the world is experiencing for over hundreds of years.

The New US Republic takes America back to the original Constitution and their own asset-backed currency run on the Quantum Financial System, and the true Free Market, away from intervention and manipulation. The QFS gold –asset- backed money system, stays separate from the Deep State’s debt money system, and is free of interferences and influences.

Be certain the upcoming elections will be decided by the people, and not, as before, where special forces were employed by George Soros to fight for competing corporate mafia faction.

The total global currency revaluation is a critical component to the future of this planet. The fulfilment depends on a ‘level playing field’ that will unfold as the RV happens. Each country has to become financially stable in its own ‘people economy’ and trades equally with other countries. This will be accomplished, by the RV as catalyst for this change.

The QFS has secretly been in operation for some time, connecting 193 countries. Once all countries have undergone GESARA compliance reforms; all existing currencies will become digital and will eventually be phased out. A ‘Flat Tax Law’ is expected to be enacted by the end of this year, which will abolish all tax agencies, while the return of the gold-standard will abolish all central banks.

Q Anon: ‘You’re all about to witness something that was deemed to be an impossibility. Dozens of people are going to prison. And most of the names are well known. When Trump and Barr are done, no one will ever try this kind of treason again.’

And, what could you do? Tell your friends, and they in turn, should tell their friends how the world has been manipulated to the detriment of all the people, unnecessary locked up at home with hundreds of restrictions on free movement. Now, we all have arrived in the process of transformation into the people economy.

Wake Up Everyone, and make it known that we, the people soon are in charge and don’t accept any longer lies or deception, carried out by authorities. The world will be made a much better place for all of us to live in!

 http://finalwakeupcall.info/en/2020/05/27/central-bank-economy-devastated/   

Wednesday Night X22 Reports 5-27-2020

U.S. Imports Record Amount of Gold, Tables Turned on the [CB]- Episode 2184a

X22 Reports:  May 27, 2020

The economy is springing back into motion, Obama's top economist says the best economic data in history is about to happen, Kudlow is now saying the same thing.

Trump is now de-regulating, this is not about just bringing companies back to the US, its about removing the hidden tax.

The US has now imported a record amount of gold. Gold destroys the fed.

https://www.youtube.com/watch?v=YhF36OoJew0

New FBI Docs Show Obama Administration Spied On Trump And The Senate - Episode 2184b

X22 Reports:  May 27, 2020

The [DS]/MSM are fighting for their lives, they know once the truth comes out it is game over.

They are prepared to use all assets to get what they want, even if it means destroying the US.

The event narrative is rapidly falling apart.

The healthy people want to know why they are still on lockdown, does this really have to do with the virus or the election.

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

The Curse of a High Income

The Curse of a High Income

February 20, 2020 By Machinist

The Income Curse

Regardless of income level, the vast majority of people spend very nearly everything they earn, if not more.  Most people know that living paycheck-to-paycheck is a problem.  What they may not realize is that the higher their income, the bigger this problem actually is.  Common sense tells us that more income is always better, but that’s not always true.  If you have a high income and are spending it all, then you might be in serious trouble with limited options.

Consider the following scenario and think about who is financially more secure?  Who is wealthier?

Introducing Bob and Bill

Bob earns a salary of $50k per year.  He owns his 10-year-old Toyota Camry outright, makes the mortgage payment on his comfortable home, and is still able to save $5k each year in his 401(k) account.

Bill earns $250k per year and leases a new Land Rover every two years.  He lives in a very nice house with a pool and a beautifully landscaped yard.  Bill is also saving $5k per year toward retirement.

Bob and Bill both consider themselves responsible personal financiers.  Neither one has any credit card debt and both are careful to keep some money saved for unexpected expenses.  In fact, Bob has $10k in the bank, and Bill has $20k.

So, who is doing better financially?  Obviously, Bill’s and Bob’s kids know who is richer.  It’s not even close.  They all prefer to play over at Bill’s house.  Bob’s kids complain about having to mow the lawn, and whine about why they can’t have somebody take care of it like Bill does.

Everyone knows Bill is richer than Bob, but everyone is wrong, as they are about to find out.

What Lies Beneath

By all outward appearances, Bill is absolutely prospering, keeping his expenses in check, and even securing his future, but the car, the pool, the house and the fancy life are obscuring a ticking financial time bomb which explodes with surprising devastation as recession hits causing both Bob and Bill to lose their jobs.

Bob is disappointed to lose his income, but he figures that if he cuts the cable and his cell phone and all restaurant meals, he can cover his mortgage, utilities, and groceries for four months.  While he’s looking for a new job, he takes on some odd jobs around town.  In this way he is able to make his savings last for 6 months.

Bill is also bummed about losing his job, but within days he has started to panic.  He realizes that his $20k savings will last little more than a month at his current burn rate.  Even after cancelling his kids camps and sports and the bouncy house for Billy’s birthday party, he’ll be flat broke within two months.

Luckily the gardener lets bill out of his contract without a penalty, but now Bill has to figure out how to maintain his yard all by himself.  Things don’t go as well with the Land Rover dealership. 

They let him return the car, because that’s easier than sending out the repo man next month, but they also charge Bill $10k for early lease termination.  Bill decides to just let that go to collections for now, because he has a bigger problem.  He kind of needs a car to look for a job, but he also needs to hold onto as much of his cash as he can.  Maybe Bob will let him borrow the Camry.

So, who was really wealthier?  Who was financially more secure?

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

https://perpetualmoneymachine.org/curse-of-a-high-income/

The Market is Falling. What Should I Do?

The Market is Falling. What Should I Do?

March 10, 2020 By Machinist

In a Free-Fall

Falling markets are a normal and expected part of investing.  The proper reaction to an ugly period in the market is to hold.  In fact, the only logical response to a discounted market is an increased motivation to buy more.  Selling may seem right emotionally, but it’s absolutely illogical and wrong.

Explanation

Timing the market is a fool’s errand.  Timing only works if you know where the market is going.  You can’t know where the market will be tomorrow or next month.  But luckily, we can say almost with certainty that the market will be higher ten years from now.

Markets will recover, but you will only benefit if you are invested when they do.  You are not investing for next week.  You are investing for decades, so you’ll realize your best odds of success when you buy and hold for decades.

Investing involves risk.  That means that the value of your stocks can and will drop from time to time.  You should expect to lose several percent twice a year or even more. 

A 10% correction typically occurs every few years.  In fact, there have been 27 corrections (10% or more) and 12 bear markets (20% or more) since World War II.  You know that these corrections will happen, so your master plan shouldn’t change when they do.

Remember, when the market drops you may lose net worth, but you won’t lose money unless you sell.

Exceptions

All bets are off if you are invested in a small number of individual stocks.  I recommend investing in broad-market index funds like VTI or VTSAX, because a very broad portfolio of stocks reduces the risk that your portfolio will be damaged by relatively isolated factors.  If you are invested in one company and the stock drops, then there is no guarantee that it will ever regain its value.  Sometimes a stock never recovers.  That has never happened with any major index fund.

My first job after I graduated from college in 2000 was at Intel.  I was given stock options at the current price on the day I started of $69.69.  Within a month INTC stock had lost half its value as the dot com bubble burst.  It was down as low as $12 within a few months.  Twenty years later, INTC has still not quite recovered.  Meanwhile the major indexes are up by multiples.

Current Events

I am writing this article on March 9, 2020.  In the past two weeks we have seen an epic market correction.  Today alone, the major indexes were down 8% in the biggest one-day point loss in history.  I lost more than $100k of net worth.  That’s a huge hit, but there have been times like this before.  And, as a matter of fact, markets recovered even stronger – every single time.

Coronavirus is going to impact the economy, but we don’t know how much.  So far, the market reaction looks pretty emotional.  It’s the perfect time to remain calm.

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

https://perpetualmoneymachine.org/market-is-falling-what-to-do/

More News, Rumors and Opinions Wednesday Night 5-27-2020

KTFA:

Golfkdicke: Just got a call from a friend in NYC who works for an armored truck company. He told me yesterday at 5am he had to go to the Federal Reserve and picked up 500M USC. They took it to Newark Airport and had loaded onto a plane headed for Iraq.

Osmosis:  party time for EID?

GodsServant: Short term loan maybe

Samson:  Parliamentary Foreign Ministry intends to open the file to recover smuggled money abroad

15:23 - 05/27/2020

On Wednesday, a member of the Parliamentary Committee on Foreign Affairs of the Emirate of Al-Emara revealed the parliament’s intention to open the file for recovering smuggled money abroad, indicating that there are specialized committees within the cabinet seeking to recover the smuggled money.

And the emirate said in a statement to the "information" that "there are joint parliamentary movements with the committees formed within the cabinet to work to recover all the money smuggled outside the country."

She added that "her committee is ready to show any assistance in order to recover this money," noting that the coming months will witness a high-level movement on the file of smuggled funds. LINK

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Don961:  The House of Representatives awaits the government's choice to tackle the economic crisis

05/27/2020 09:04:11 PM Baghdad / extent

The Finance Committee in the House of Representatives says that the government is studying several options to provide and secure the salaries of employees, retirees, and social welfare for the months of June and July, including the reduction of salaries of higher grades and internal and external borrowing, adding that it is awaiting the arrival of these decisions to the House of Representatives for discussion and review after the Eid holiday.

Sherwan Mirza, a member of the Parliamentary Finance Committee, talks to (Al-Mada) that "the parliament is waiting for the government to take the necessary measures to address the economic problem to build its opinions and ideas," stressing that "there are many proposals before the government to overcome the crisis of falling oil prices in global markets." .

Iraq, which is the second largest producer of OPEC, faces an acute economic crisis as a result of the drop in oil prices, and an agreement to cut production by more than one million barrels per day, which begins to run this month, as well as the pandemic of the Corona epidemic.

And stresses that "Iraq will go through an economic crisis in the months of June and July after the decline in oil prices and decline," noting that "the Parliamentary Finance Committee is awaiting the arrival of government decisions to address the economic crisis taking place in Parliament." And the government emergency cell responsible for providing financial liquidity is moving towards internal borrowing to pay the salaries of state employees, retirees, and social welfare for the coming month of June due to the lack of oil and non-oil revenues that do not exceed (2) trillion dinars per month.

The Emergency Financial Reform Cell developed a plan to confront the economic crisis, which is to address the higher salaries and work to reduce them during the next two months, as well as the possibility of issuing a national bond (borrowing from citizens) with high interest and many concessions.

The MP from the Kurdistan National Union bloc pointed out that "it is not possible to reduce the salaries of employees without legal cover. As for the allocations, it can be reduced by a government decision without consulting any party."

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, has confirmed in press statements that "urgent and structural reforms will be taken to confront the temporary economic crisis that will extend to the end of this year or to the first quarter of next year," noting that "there are emergency measures that the government will work on It is very difficult to take, in addition to a long-term reform process in dealing with the movement of the private sector. " The MP from the Sulaymaniyah Governorate continues his speech by saying that "among the proposals studied by the government are internal or external borrowing, changing the exchange rate of the Iraqi dinar, reducing the salaries of special grades, reducing allocations and selling bonds," stressing that "Parliament expects the government to adopt one of these options."

He believes that "the government will take its austerity decisions after the Eid holiday to face its economic crisis," noting that "our problem in the months of June and July is to pay the salaries of state employees, retirees, and social welfare."

The Minister of Planning, Khaled Battal Al-Najem, last week discussed with the World Bank mission ways to enhance national efforts to confront the Corona virus pandemic, and the current financial crisis in Iraq, due to low oil prices.

In turn, another member of the Parliamentary Finance Committee explains, saying, "The economic crisis is not a government crisis, but a people crisis because of the lack of oil revenues, which forced the state to study several options to overcome them, including internal and external borrowing and the strengthening of customs resources."

Representative of the Parliamentary Committee, Ahmed Mazhar, adds in a statement to Al-Mada that his committee "refuses to prejudice the salaries of employees," noting that "the government has several options to overcome this crisis, including reducing the salaries of higher grades from a general manager and above."

And he confirms that "the idea of ​​resorting to compulsory saving is not on the table at the present time," noting that "the parliamentary finance is awaiting the government’s austerity decisions and sending it to parliament for review and discussion."

The head of the Parliamentary Finance Committee, Haitham al-Jubouri, had alluded, in a televised speech, to the government's inability to secure employee salaries during the coming months.

The MP shows the appearance that "the proposals for reducing the salaries of special grades will be fifty percent," noting that "all of these proposals will be discussed in the parliamentary finance after the holiday."   LINK

Courtesy of Dinar Guru

Jeff  ...There's really only 3 things in the news right now.  The first would be Kurdistan and Baghdad to resolve their differences.  The 2nd one would be the completing of the government - the last 7 remaining ministers and then the 3rd one is all the economic articles.  That's it...so what they're telling you here is the two items - Kurdistan trying to resolve their differences with Baghdad and the 2nd one completing the formation of government...they're telling you what their delay is before they can launch their economy.  It doesn't get any more cut and dry and simplified than that.  They're telling you what the delay is.  They're saying, 'hey Kurdistan has to reach an agreement with Baghdad and Baghdad has to get the last 7 ministers in there.'  They're telling you what the delays are before they can launch the economy.  That's why now they're talking about the economy around those items.  That simple.  That's what you're waiting on... 

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Currency 365

"Sadr 72 hours"/Jim Willie "Global Reset" Part 1

May 27, 2020

https://youtu.be/qVfD7-aegKA?t=1

National Economic Activity Worst Collapse In History, Promises Or Lies, We Never Recovered From 2008

Silver Report Uncut:  May 27, 2020

First, we look at the Chicago Feds national economic activity indicator which reveals a shocking decline, in fact we have never experienced a worse collapse in economic activity in US history.

There's also the fact that economic policy seems to be stock market policy and a look at the consumer confidence index reveals that current business conditions have fallen to the lowest level in history yet the expectations for future business conditions have begun to rise so at least there's hope.

The heart of the matter is there is a fine line between hope and lies and sometimes hope in something that is unrealistic can lead to huge disappointments and critical investing errors.

Kudlow was saying the US could produce the largest GDP growth in history in Q3 and His boss was explaining the big push has already begun.

 It's promises like these that convince 44,000 retail investors to buy into Hertz weeks before they file for bankruptcy and the stock plummets.

We covered how the stock had fallen to $1.83 yesterday in a stunning collapse well it continued and the stock fell to $0.60 yesterday plunging over 80%. It's unclear what the future holds for this company but the message is the story that we would see a V-shaped recovery was so captivating to many it leads to risky investments and many people have lost everything.

The top 5 stocks total market cap has reached the highest level in history comprising of more than 20% which is truly unprecedented and we find while they are up 10% the other 495 stocks in the S&P are still down over 13%.

To me it seems clear these people are willing to do and say anything it takes to pumps stock prices higher and the truth is the things they have been bragging about are not far off the usual path toward the end of a business cycle as unemployment typically trends down until it meets a trough or a low point then a slight tick up before the next recession, the tax cuts were funneled into the stock market rather than on increasing production and this means the things they were explaining were symptoms of the greatest economy ever were not much more than parlor tricks and natural occurrences and not the result of astute policy.

We will never have a real recovery if we devote all policy decisions around pretending we had one.

https://www.youtube.com/watch?v=k2HXct_7Vfo

Bruce’s Big Call Intel Tuesday Night 5-26-20

Bruce’s Big Call Intel Tuesday Night 5-26-20

Call Transcribed by WiserNow Emailed to Recaps

Welcome everybody to The Big Call tonight – it’s Tuesday May 26th and you’re listening to The Big Call – Thanks for tuning in everybody - all over the globe

Let’s talk a little bit about what the intel is for tonight – Now we thought last Thursday - we pretty much had the information as you guys remember – that the earliest we would go was going to be today - remember that? I think I said that on Thursday’s call –

Now – we didn’t go today – we did not get the toll free numbers to start today – but there were things going on today that I found out about – I want to give you guys an idea of what those things are and were since Thursday – I also want to give you an idea of where we stand with respect to the rest of the meat of the week –

So here we go – You guys have heard me use the term “clean up on aisle 3” – I think you all know that means arrests – pick ups - indictments served – it could mean a variety of those things – that is continuing – it has not stopped – I know some of the specifics  but don’t think it’s wise to put that out – but will tell you in general that there is still clean up at our tier 1 banks – I’m sorry but it’s happening  - and it’s been happening over the last 3-4 days –

I am not going to dwell on that – just wanted to tell you that there are 3 announcements – and don’t roll your eyes when I say “announcements” – these are announcements you’re not going to hear – neither am I – I might not even find out what they are – one this evening before this call – one after midnight tonight – and one about after 9:30 in the morning –

Don’t know who’s going to make them or what they are – I have an idea what one might be – and I’ll tell  you about that – it’s just my projection of what I think it might be about – I told you about the clean up – and there is some additional clean up going on – however – my understanding is – that by 9:30 Eastern time - in the morning – the banks are supposed to be completely purged of anything considered harmful to us in terms of personnel –

In other words – they should be completely cleansed – I believe was the word – now if you are talking about people moving – being removed – from their position – you know what I am talking about – So – if that’s supposed to happen by 9:30 in the morning you think that 3rd and final announcement might have to do with that – since it’s coming after 9:30 – just a guess – just a guess –

We’ll see if it’s an educated guess or not – so what else is happening? – What else is going on? The people that were supposed to have been paid – we talked Thursday about who was coming up for the weekend - whether it was the completion of the intermediates – or the start of the Cores – and so on –

We understand that as far as we can tell none of that happened – in the last 5 days – it is disconcerting to me - to be honest with you of course – but I’m not quite sure other than clean up – what has exactly been going on – specifically – with those groups –

I know that certain tier 3 participants that are involved in a lot of projects not tier 4B like us - these are people that have gone to various cities – like Zurich and Hong Kong – Miami – and worked with Bonds and boxes of bonds – all of that – historic gold bonds – etc - those have been transacted – and paid out where there is liquidity – and that was happening last Wednesday and Thursday –

I believe those are complete to the point where a lot of the major funders like Landa China Global and others have liquidity and either have access or about to have access to those funds – so there is movement – it’s just not quite to the point where we are –

The other thing that is important is – the tier 4A and 4B - my recent understanding in the last few days is that we will have a shotgun start after all – so we’re back in to the likelihood that we will go with the Admirals groups – the Cores might go first but then the remaining groups would go in conjunction with tier 4B – that’s us – the internet group –

It doesn’t matter to me if they go first but I do believe we are all going together – I believe most of the funding that goes to the SKR’s for tier 2 and 3 will also go with us at the same time – instead of progressively through some sequence of events – I believe we’re going to end up all basically on a shotgun start – all going at about the same time –

There are a few other things that I have learned that have been out there that we had correct information about – one thing – was the idea of the 800 number – we know there are 527,000 + emails coming out from Wells Fargo Server with an 800 number to call and also with an ID number – that is personalized to the person who is receiving the email –

The 800 number that people get in those emails is the same email to call into the redemption centers – and here’s how it’s going to work –

Let’s say  you get the email from Wells Fargo and  you got your toll free number there – When you call to set  your appointment – you will talk to someone and when they ask what currencies you have – if you are a  Zim holder – the first word out of your mouth will be ZIM - because by acknowledging you are a Zim holder you get diverted with another number – ideally you are connected and don’t have to dial it – in some cases you might have to redial a new 800 number that they give you –

Let’s say that you get connected through and you’re going to give them – this is your choice – you are going to give them a zip code of either - where you live or work – or the one you want to use because of where it’s located – close to you - in town out of town - whatever – you might have a specific zip code you would give them over the phone that would be routing you to a legitimate redemption center for Zim exchange or Zim conversion – Zim redemption – That is the process

Now let’s say you don’t have an email or they don’t have your email - which is going to be true for about 20-24% of the people  in our group  - emails changed – it happened to me – what you are going to get now is instead  the toll free number that I get passed on – appearing on the website and we’re going to do an email / mass mailing  to those who have signed on and registered for our call ( 30,000 – 33,000 +)  we will send an email blast out to everyone with the 800 number in the body of the email –

I am supposed to receive the toll free number the same time I believe the first emails from Wells Fargo goes out – they are going out in 4 batches – each batch taking approximately  30 minutes to complete – you are looking at about a two hour span – for the 527,000 + emails from Wells Fargo to go out –

Will my number come at the same time? Before? Later?  I don’t know yet – I am trying to find that out – but be aware there’s no such thing as an individual 800 number – that is NOT happening – there is an 800 number that everyone will get to call the call center and then get routed like I said to a Zim redemption center if you are a Zim holder –

There is an individual ID number in the email from Wells Fargo – you should take that email – print it out – and bring to exchange with you – If you do not have an email and you call to set y our appointment – let them know – they may do 2 things – they may give it to you over the phone or they may email to you –

Let’s correct something else that is out there – there was wording out there that said if this did not go today that DOD would take over and get this out for us to start – That is not what will really happen –

DOD is not taking this over – they are the qualified agent that gives the green light to the treasury so the treasury tells Wells Fargo when to release those servers with the emails –

Is DOD involved? Yes - they will still give the treasury the green light to release everything to us - they are not - quote unquote taking over – they are still working hand in hand with the treasury

Does that mean that tomorrow is in play? It could be – I am not going to call it – you know I have come close to calling it in the past and have been off because we haven’t got it there yet -  

Here’s another expression that is no longer allowed – and if someone comes out with a T-shirt - with all of the expressions that are d-qued – due to getting disqualified – such as “This is the week” – am I hearing that? Yes – I don’t like the expression though because we’ve used it before and it hasn’t been “the week” –

I hope this is our week – I really do – things look like it could be – it could be the next couple of days – and we understand that these 3 announcements need to be made –

We know that on going clean up is just that – continuing – but we also understand that the banks are supposed to be cleansed – if you will – by 9:30 am tomorrow – let’s hope that is true –

Let’s expect that the bank screens are going to reflect the accurate rates – and we’re not going to talk about rates – I wasn’t even thinking about that – I was just thinking that Sunday night when the Forex comes back  up and the trading begins – everything is set and ready to go from that point of view –

We are on the QFS – and that is really good – we should be in really good shape – I can’t think of anything else that is relevant to this tonight that I didn’t bring  up – you guys get the understanding of how to create an appointment and go - you know there’s one Zim appointment – that’s the first initial appointment –

Now – will you go back to a tier 1 bank or a wealth management office – or an Abbott Downing office for a follow up appointment?  - YES  YES  - it will be about something legal - it might be about setting up your structure or Trust if you don’t have those set up – It could be about getting with your accounting firm – your CPA firm – it could be related to a family office that you want to have – it could be about perks with the bank – you have options you want to choose – All of these things could be in a follow up appointment

The Zim rate will be set at your first appointment – so you will do your presentation at your first appointment – and if you are a Zim holder you will have from 35 minutes to 90 minutes if needed –

If you are not a Zim holder but have dinar / dong – they are expecting you to be done in 25 – 35 minutes – you have no structured pay out – if you are just a simple currency holder and there is just a lot less stuff – you still have an NDA but it’s not going to be quite the same I believe as the Zim holder will have –

Certain things are negotiable - you will learn what those are – I’m excited – I can’t wait to get this party over – and get going and hopefully we are almost to that point now –

I’m going to call it a night – this is pretty much everything we wanted to bring out tonight – I hope everybody had an enjoyable and memorable Memorial Day yesterday – and getting outside as much as you’re able -

Bruce’s Big Call Replay LINK  Intel begins at 1:09:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs2941.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FaG5V

KTFA Members "News and Veiws" Wednesday PM 5-27-2020

KTFA:

Don961:  Disclosure of the date of the arrival of the budget law 2020 to the Iraqi parliament

Policy 05/26/2020 23:30 1093 Editor: amm   
Baghdad today - Baghdad

A member of the government program and strategic planning in Parliament, Hassan Al-Masoudi, revealed today, Tuesday, the date of the arrival of the 2020 budget law to parliament, to impose his reading and voting on it.

Al-Masoudi told (Baghdad Today) that "the 2020 budget law will reach the Iraqi parliament immediately after the end of the Eid al-Fitr holiday," noting that "drafting and preparing the law is exclusively a task of the cabinet, and there is no participation of the parliament, But after reaching parliament, there will be a role for the relevant parliamentary committees, to give their comments on the law and to amend what they see appropriate. "

He added that "if the budget arrives, the parliament will hold its sessions in order to read the law and then vote on it, despite the existence of the Corona virus epidemic, there is a determination to pass the budget quickly upon its arrival to Parliament."  LINK

Iobey777:  IMO..it seems there is still a note of Urgency here!! Go ahead and pass it quickly... but it will still need a new rate to implement it...IMO!!

Edna:  okay, I'll ask the obvious question, Can someone please tell me When Eid al fitr is over?

Samson:  I believe tomorrow (Thursday in Iraq) is the last day of Eid

Samson:  How does technology change the most prominent traditions of Eid?

26th May, 2020

One of the important customs that relatives and relatives practice on the Eid is the Eid gift, or what is known as the "Eid

The atmosphere for this holiday differed, and in light of the procedures and precautionary measures to limit the outbreak of the Corona virus, the competent authorities in the Emirates advised to reduce the use of banknotes when distributing the Eid during the Eid period

Some studies have indicated that the virus may be transmitted through the circulation of fiat currencies in the absence of hand washing. The majority of the people to whom Eid is distributed are children and young adults who may not be aware of the risks of spreading the virus or are eligible to take the necessary precautions

In view of the individuals’ inheritance in their homes and the practice of social divergence, some countries have allocated electronic applications and means as an alternative that allows individuals to share the joy of the holiday remotely and transfer cash amounts without the need to trade in paper currencies

Among these applications is the "STC PAY" application in Saudi Arabia, which allows sending cash and prepaid gift cards

In the Emirates, the General Authority allocated a list of 23 digital applications to banks operating in the country, in addition to 10 applications related to electronic wallets through which "Eidia" can be transferred

In Kuwait, Adityati service, which follows the same system, is dedicated. Other countries also allowed Eidiya to be sent using mobile banking applications   LINK

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Samson:  Vietnam ready to be world’s factory, but is the world?

25th May 2020
Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, according to the Foreign Investment Agency.

But the figure was much higher than that in the same period in 2018 and 2017, when FDI was only $5.8 billion and $9.2 billion, it said.

The four-month period saw 984 new foreign projects licensed with a total capital of $6.78 billion, down 9.1 per cent in terms of number of projects but up 26.9 per cent in value. Many experts said, however, the country’s FDI flows had shown some signs of a “break-out”.

Việt Nam’s successful control of the pandemic has been one of the main reasons for attracting foreign investors, according to the experts. Many of them are possibly those fleeing China due to rising labour costs and the US-China trade war, which is being escalated due to the pandemic. But Việt Nam has in recent years seen the arrival of many foreign manufacturers from China, including many Chinese.

For instance, in 2018 Korean giant Samsung and Japan’s Olympus closed their factories in Shenzhen in southern China and moved bag and baggage to Việt Nam. The former has already invested billions of dollars in building a grand manufacturing base in the Sài Gòn High-tech Park in HCM City. The park has also attracted huge investments from other high-profile tech giants like Intel, Schneider and Jabil.

Earlier, in 2015, Microsoft had moved its Nokia manufacturing from Bejing to Hà Nội. Now, amid the escalating US-China trade war and the Covid-19 pandemic, the US wants to bring high-tech manufacturing back home. To do this, it will have to revamp global supply chains.

Besides, multinationals have been moving from China to other countries to avoid the higher costs due to the US tariffs on Chinese exports. Việt Nam is among the countries they are moving to.

Besides low labour costs, the country also has other advantages that help it attract global firms, including a young population, a supportive policy environment and sustainable economic growth.

Nguyễn Đình Cung, member of the Economics Advisory Group to the Prime Minister, also pointed out another important reason for global firms’ switch to Việt Nam: They want to diversify supply chains to reduce reliance on a few markets.

What should Việt Nam do?

Analysts said when the US-China Trade War broke out, Việt Nam was expected to become a new regional manufacturing hub since many global companies seemed interested, but things have panned out otherwise. Markets that create good financial efficiency for investors and enable low costs attract foreign investors, according to the analysts.

Việt Nam has yet to meet these conditions and if it wants to attract foreign supply chains it would have to do so and more. They stressed the need for the country to soon restructure its economy to improve its competitiveness.

It would also need to have an industrialisation programme for 2021-30 to enable its firms to enter global supply chains.

Trần Toàn Thắng of the Ministry of Planning and Investment said it was very important for a country to attract foreign investors, but keeping them, especially large firms, is much more important. Incentives like tax and land rent waivers and low labour costs could attract them at first, but these would not be enough to keep them, he said.

To keep them would require a country to have an open and transparent business environment, a modern and well-linked transport system and a comprehensive and reliable legal system that is in line with international rules. "High-quality human resources, a large domestic market with a growing middle class and supply of supporting industries for foreign businesses are also imperative," he said.

Retail investors keep corporate bonds going

According to a recent report by the Ministry of Finance, corporate bond issuance increased sharply in April to VNĐ30.12 trillion (nearly $1.4 billion). The figure for the entire first quarter was only VNĐ35.55 trillion ($1.54 billion).

A highlight has been the increased buying by individual investors, not only in April but also earlier, the report says.

In the first quarter their buying doubled year-on-year to 20 per cent. They bought more than VNĐ9.5 trillion ($404.9 million) worth, with domestic investors accounting for almost the entire amount.

Analysts attributed the interest to the increasing coupon rates for many of the bonds and a simultaneous decrease in bank deposit interest rates at a time when all other asset classes were hit by the effects of the COVID-19 pandemic. 

According to SSI Securities Corporation, in the first quarter of the year the interest rate on corporate bonds averaged 10.4 per cent, 1.57 percentage points higher than the average rate. In March the State Bank of Việt Nam (SBV) decided to cut many key interest rates in an attempt to support the economy, which was hurt by the outbreak. The refinancing rate was cut by 1 percentage point to 5 per cent, and the discount rate by half a percentage point to 3.5 per cent.

The overnight lending rate in the inter-bank market was also adjusted down to 6 per cent from 7 per cent, and the open-market-operation (OMO) rate, to 3.5 per cent from 4 per cent. The central bank also reduced the cap on the interest rates on đồng deposits and loans by 0.25-0.5 percentage points, depending on the tenor. After the central bank’s moves, many banks cut their deposit interest rates significantly even as credit growth slowed down sharply.

Private banks such as VPBank, MBBank, ACB, and Viet Capital Bank reduced their interest rates by 0.2-0.7 percentage points.  At VP Bank, the interest rate on six-month deposits stands at 6.6 per cent now and on 12-month deposits, ranking from 6.7 to 7.2 per cent per year.

Vietcombank, the largest State-owned lender by market cap, lowered its deposit interest rates by 0.2-0.3 percentage points for periods of six months and more.

The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said.

Bảo Việt Securities Company said the corporate bonds were expected to continue attracting individual investors since their interest rates were quite high and bank deposit interest rates were expected to fall further since the central bank planned to further cut key interest rates in the coming months.

Property companies like Phú Hưng Real Estate Investment JSC, Paradise Bay Resort Company Limited and Hải Phát Investment JSC offered coupon rates of 11-13 per cent. TPBank and MB Securities made issuances at 8.5-9.5 per cent.

The Hà Nội Stock Exchange said in fact retail investors were keeping the corporate bond market afloat.

But experts warn the retail investors about the possible risks, saying they should not buy corporate bonds just for high interest rates without paying attention to their potential and the possible risks. LINK

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Samson:  Vietnam needs to change its ways to attract FDI leaving China: experts

25th May, 2020

Việt Nam has some great advantages while competing with regional countries in attracting capital flows moving out of China after the COVID-19 pandemic, experts have said.

A report by SSI Research said foreign projects set up in industrial parks in the country were up 32 per cent year-on-year in the first four months of the year to US$9.8 billion.

The pandemic has shown that many large countries’ supply chains are heavily dependent on China, and they have taken drastic steps to cut this dependency.

Many large US, Japanese and European companies are gearing up to shift production away from China. Việt Nam is one of their destinations besides some others in the region such as Indonesia, Thailand and Malaysia.

"Compared to Indonesia, which directly competes with Việt Nam in attracting FDI, Việt Nam has the advantage of proximity to China,” the report said.

“Việt Nam also offers support to businesses, with many incentives for large FDI projects, and has a lot of free trade agreements in which Indonesia does not participate. Recently the Vietnamese đồng has been very stable compared to the Indonesian rupiah."

Nguyễn Văn Toàn, vice chairman of the Việt Nam Association of Foreign Investment Enterprises, said the opportunity to attract the FDI wave looking to relocate from China is quite clear, but not really big, and whether the opportunity can be grasped depends largely on Việt Nam. "We also need to be aware that investors will not easily pull out all investment from China because that country has great advantages such as a strong work force, good use of technology and products for all market segments, not just the affordable segment."

Việt Nam would face difficulties in competing with so many rivals to attract a part of the capital flows moving out of the neighbouring country, he said. Experts agreed that to compete in the race, the country would need to change its way of attracting FDI and quickly.

Phan Hữu Thắng, former director of the Foreign Investment Agency, said, “[We] will fail if we try to attract foreign investment in the traditional way. “For example, India has immediate policies to allocate land, prepare infrastructure, identify potential investors to approach, announce tax reduction plans ... Investors are gearing up to shift their production. If we continue to act slowly, we will miss an opportunity that comes once in 100 years.”

Toàn said Việt Nam needed to further improve its business and investment environment and administrative procedures. He believes that HCM City, which leads the country in FDI attraction, has all the conditions and capacity required to make good use of this opportunity.   LINK

Don961:  :  Trump officially announces the withdrawal of American soldiers from Afghanistan

Policy 05/27 2020 15:06 328 Editor: hr   
Baghdad today - translation

US President Donald Trump announced, on Wednesday (May 27, 2020), the withdrawal of the soldiers of the United States of America from Afghanistan, after 19 years of their presence there.

"We are behaving like a police force, not as a fighting force in Afghanistan, as we are," Trump wrote on his Twitter account.

He added: "After 19 years, it is time for their country police."

The American president added: "Bring our soldiers home, but watch closely what is happening and strike with thunder as never before, if necessary!"

In implementation of the first phase of the agreement signed between Washington and the Taliban, the United States began withdrawing a number of its soldiers from two bases in southern Afghanistan, on March 10.

The US military is deploying between 12 and 13,000 troops in Afghanistan and will have to reduce these numbers to 8,600 by mid-July.

The US military began withdrawing from two bases in Afghanistan as part of the implementation of the first phase of an agreement the United States signed with the Taliban in Doha.   LINK

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Don961:  Iran .. a 4-magnitude earthquake hits the outskirts of Tehran

Localities 05/27 2020 19:52 81    
Baghdad today - Baghdad

Iranian media reported on Wednesday that an earthquake measuring 4 on the Richter scale hit areas in the east of the capital, Tehran.

Initial reports indicated that "the tremor struck areas of Samnan, Damavand, Bardis and Fairuzkuh."

The seismological center affiliated to the Geophysical Institution at the University of Tehran stated that "the epicenter of the earthquake was the outskirts of Damavand at the administrative borders between the provinces of Tehran and Mazandaran."

He continued, "The tremor occurred this afternoon, and was at a depth of 12 km from the surface of the earth."

Residents of cities near the Al-Haza area confirmed that they felt it, while no casualties or damages were announced.    LIN

Lynette Zang, PIR and Pimpy Wednesday Afternoon 5-27-2020

Overnight Reset Government Cryptos Whole Life Policies:

 Q&A with Lynette Zang and Eric Griffin:   May 27, 2020

Sean M: With regard to a reset, which seems like it should be close, do you think it’s an overnight occurrence? In other words, we wake up one morning and Gold is $10,000?

Azmi L: Do you think it makes sense to put money into my 401k up to the amount that my employer matches… its free money? What would you put the money into?

Sebastian: Why would governments want to back our future currencies with gold and thus lose the ability to print currencies and manipulate markets? Especially if they take us into a digital government crypto currency?

Ric B: With Covid19 threatening to destroy jobs and the economy I'm interested in understanding what proportion of our wealth we should hold in cash to survive the crisis before using our Gold and Silver.

Rene S: I heard you mention that Whole Life insurance policies will suffer with this economic collapse, can you elaborate how you think they will be affected?

https://www.youtube.com/watch?v=vnX7lGmblb8

Patriot Intel Report

PIR 05 27 20

As I have been saying we are looking for the next Stimulus bill that’s coming out soon in the US and there looks like there will not be a debate about it until June 1st.  The Senate is on vacation but there is work going on behind the scenes.

The Bill that the Democrats sent from the house was dead on arrival. I do believe that the people will be surprised at the stimulus bill that comes out.

In it will be things that will change the economic trajectory of the US and thus the world. I also believe it will be a cover for quite a few things.

Remember when we covered “Chinese Historic Bonds” a few weeks ago and we are seeing some major disclosures coming out about “Deep State Activities”.

President Trumps new Press Secretary is talking a lot about the activities of “The Deep State” .They are now on the offensive.   Durham is about to drop the “MOAB” It is about to happen.

We are in “The Perfect Storm” .  The perfect storm for economic and geopolitical changes is here.

Expect the Unexpected

https://www.youtube.com/watch?v=VRWp4sr-vyE

NESARA / GESARA - Truth from Fiction Part 2 (Abolish the IRS and Taxes)

Pimpy’s Investment Chat:  May 27, 2020

It is not far fetched …Trump is already doing this…..

https://youtu.be/thJANxkVE9A?t=2

Other videos in this series:

NESARA / GESARA - Truth vs Fiction (debt forgiveness)   https://www.youtube.com/watch?v=zoyw6p5mZ1c

NESARA GESARA - Summary (Truth vs Fiction)  https://www.youtube.com/watch?v=WpvSk3CXzkg

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

NESARA PART 6  https://www.youtube.com/watch?v=CwJFGYvEO1A

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 

How Many Companies Are Worth Less Than Zero?

How Many Companies Are Worth Less Than Zero?

Notes From The Field By Simon Black   May 26, 2020  Bahia Beach, Puerto Rico

By 1920, former New York Yankees outfielder George Halas’s baseball career was finished.

Halas had only played 12 games as a professional when a hip injury abruptly ended his dream of making it big. Being a baseball player was all Halas really knew, and with his career finished, he had limited prospects. Eventually he was able to find steady work in Decateur, Illinois, a small town about 3 hours from Chicago, where he took a job with the A.E. Staley Company.

The company’s founder, Augustus Staley, loved sports, and he recruited some of his employees to play on a company team that competed in a regional gridiron football league.

The team was known as the Decateur Staleys, and Halas became the manager.

Halas didn’t have much football experience, but he did well as team manager. The Staleys earned a 6-1 record in their first season and won the central Illinois Football Championship.

But Augustus Staley lost a ton of money.

Game attendance was pitiful, so his football team brought in almost zero revenue. But he had to pay the players, pay for the equipment, pay for team travel, etc.

Staley knew if things continued that way that he’d lose a fortune. He didn’t want to shut down the team that he loved, but he didn’t want to continue losing money.

So in 1921, Augustus Staley PAID George Halas $5,000 (which was a lot of money back then) to take the team off his hands.

George Halas jumped at the chance. He took the team (and the money) to Chicago, and eventually renamed it the Chicago Bears.

Today the team’s estimated worth is nearly $3.5 billion. But its remarkable to think that a century ago the team actually had NEGATIVE value.

This isn’t incredibly common, but it does happen from time to time: businesses can be worth less than zero. And most of the time they don’t have such a remarkable turnaround story.

Case in point: Hertz, the rental car company, has $14.4 billion worth of vehicle loans according to its most recent financial statements.

But the company estimates that its vehicles are actually worth LESS than the debt they owe. This means that Hertz’s rental cars have negative equity.

Including the company’s other assets and liabilities, Hertz has NEGATIVE $2.8 billion in net tangible assets… so the entire company is worth less than zero.

They’re also quickly burning cash with no end in sight. Unsurprisingly, Hertz filed for bankruptcy a few days ago.

Similarly, the retail chain JC Penny also recently filed for bankruptcy. According to its financial statements, JC Penny has an accumulated deficit of MINUS $3.7 billion, and negative net tangible assets (including interest rate derivatives).

WeWork hasn’t declared bankruptcy (yet). But the company barely has any assets at all despite having an unbelievable $47 billion in lease liabilities.

So WeWork is probably also worth far less than zero.

Frankly it’s not unreasonable to think that a LOT of companies are in this position right now.

Stock markets around the world are surging higher because investors are looking for any excuse to believe that everything is about to be back to normal.

That’s human nature; our ‘normalcy bias’ warps our brains into completely ‘misunderestimating’ obvious threats and full-blown disasters.

Right now as I write these words, in fact, the US stock market is worth roughly the same amount as it was in early 2019.

That strikes me as completely ridiculous.

In early 2019 there weren’t tens of millions of unemployed, countless businesses shuttered, and unfathomable looming bankruptcies.

Plus today we have to contend with the obvious risks of subsequent virus outbreaks, more shutdowns, travel and trade barriers, the looming Cold War between the US and China, and higher tax rates to pay for all the bailouts.

It’s fair to say that economic conditions and earnings prospects today are completely different (and a lot uglier) than they were in early 2019. So how can stocks possibly be worth the same amount?

And again, if you dive a little bit deeper, you might find that a number of big companies are actually worth less than zero.

In normal times, investors typically value a business based on a certain multiple of its cashflow… or at least its future cash flow.

But these aren’t normal times. And valuing a business based on pre-Covid projections is just silly.

A lot of companies will have a long-term hit to their revenues and profits. Some might not be able to operate at all.

So a safer bet is to value a company based on its assets; in other words, how much are the company’s business assets worth, minus the liabilities?

If the answer (like Hertz) is less than zero, then you might just want to consider avoiding the investment altogether.

Hertz is definitely not going to be the last big company to file for bankruptcy. There are a lot more retailers, travel companies, etc. that are on the brink.

At this point, any highly leveraged (i.e. heavily indebted) business might just be worth less than zero. So be cautious before following the crowd and rushing back in.

Remember this if you’re thinking about buying an index fund; there are literally hundreds of companies in that index, many of which might be worth less than zero.

Longer term, great businesses, both public and private, will do very well and be in much better shape than before Covid; economic downturns and financial crises actually help solid businesses rise to the top.

Companies with high quality products or services, talented management, and sensible finances are able to navigate the challenges and emerge stronger than ever. They eventually consolidate market share from weaker competitors who don’t make it, and they end up becoming even more profitable.

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

https://www.sovereignman.com/trends/how-many-companies-are-worth-less-than-zero-27803/