Supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund
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Rui Morai, Dis-Chem's CEO, takes host Stephen Grootes through the company's half-year results. In other interviews on this episode of The Money Show, Mandla Sibeko, founder of FNB Art Joburg, about the BMW Young Collectors, an initiative empowering a new generation of art collectors through exclusive access to the contemporary market. Interviews: Dis-Chem Achieves Strong Double-Digit Growth in Earnings and Dividends Rui Morai, Dis-Chem's CEO, takes host Stephen Grootes through the company's half-year results. THE MONEY SHOW EXPLAINER: IMF isn't doing enough to support Africa Stephen speaks to Abebe Shimeles, Honorary Professor at University of Cape Town's Department of Economics about the IMF's potential to mobilize billions for Africa through Special Drawing Rights. Markets Commentary Thato Mashigo, portfolio manager at Sanlam Private Wealth gives the market wrap up for the week with host Stephen Grootes. Friday File - Celebrating high art - The BMW Art Generation Stephen Grootes talks to Mandla Sibeko, founder of FNB Art Joburg, about the BMW Young Collectors Co initiative empowering a new generation of art collectors through exclusive access to the contemporary market.See omnystudio.com/listener for privacy information.
For years, I've been sounding the alarm about the impending economic war between the East and the West – it was never a matter of if, but when. The timing of this conflict is no accident; it's a matter of convenience for those who pull the strings behind the scenes. To truly understand geopolitics, one must acknowledge that international conflicts are carefully orchestrated to serve the interests of a select group of powerful “elites.” Those who blindly attribute these events to mere coincidence are doing themselves a disservice, as they will never comprehend the true reasons behind the calamities befalling them and the world at large.In my article, "The Danger of Co-option and False Prophets," I outlined the web of connections between the Kremlin and globalist institutions such as the World Economic Forum (WEF), the Bank of International Settlements (BIS), the International Monetary Fund (IMF), and influential figures like Henry Kissinger. Moreover, I highlighted the ties between Russia and international banks like Goldman Sachs. Despite the war in Ukraine and Russia's annexation of Crimea, these connections remain intact, as Russia has long been entwined in the globalist agenda.China's collusion with globalist institutions reaches new heights, as it has amassed trillions in debt to satisfy the IMF's prerequisites for joining the Special Drawing Rights (SDR) basket of currencies. This move from a debt-free nation to one buried in debt is a clear indication of China's commitment to the globalist centralization agenda. The notion that China is an “anti-globalist” power is nothing more than a carefully orhcestrated opera of “feel-good”-b******t.I grow weary of reiterating the well-established connections between eastern nations and the globalist institutions. The evidence is clear and abundant, thanks to the groundbreaking work of researchers like Antony Sutton, who exposed these machinations long before I entered the scene.The true purpose of engineering a war becomes apparent when one considers the benefits of manipulating both sides of a conflict. Beyond the immediate gains, chaos serves as a catalyst for advancing oppressive agendas that would otherwise face public resistance during times of peace.In this analysis, I propose that we shift our focus from the mere existence of war to the intricacies of its development and timeline. By understanding the stages of this impending economic conflict, we may be better prepared to mitigate its impact and potentially alter its course.A Lily Bit is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.First and foremost, it is crucial to recognize that the initiative lies with the eastern nations. Their actions will set the pace for the unfolding of events, and understanding their motivations and strategies is key to anticipating the trajectory of this looming conflict.Marxists, in their philosophy, grasped a fundamental truth: true wealth is derived from resources, the means of production, and labor. However, their misguided focus on confiscating these elements while promoting the illusion of public benefit is where their ideology falls short.Eastern nations continue to recognize the essence of genuine wealth, as they understand that even with vast sums of money, an economy is doomed without a solid manufacturing foundation and resource development. This simple yet profound principle eludes the Western world, which has largely forsaken its means of production and hampered resource exploration through contrived environmental concerns such as “carbon pollution.”The East has managed to avoid this pitfall, preserving its long-term productivity. Consequently, they hold a distinct advantage in the event of a global economic conflict.However, the true catalyst for the progression of an economic world war lies in the combination of participating nations and their trade agreements. The interconnectedness of these factors will significantly influence the trajectory and outcome of such a conflict.Russia and China have been diligently fostering bilateral trade arrangements designed to circumvent the U.S. dollar for years. This strategic alliance, rooted in economic sensibility, unites Russia's abundant natural resources with China's expansive manufacturing and export capabilities. A prime example of this partnership is the recent 30-year oil and gas agreement between the two nations, valued at hundreds of billions of dollars. This historic deal coincides with the ongoing construction of a major pipeline from Russia to China, set for completion by 2025.India, too, has secured arrangements for increased oil shipments from Russia, opting to transact without the involvement of the U.S. dollar. The allure of competitive pricing amidst a backdrop of surging energy prices worldwide further bolsters the attractiveness of Russian resources.The remaining BRICS nations (Brazil, India, China, and South Africa) have remained steadfast in their trade relationships with Russia, undeterred by Western sanctions and the exclusion of Russian banks from the SWIFT international payments network.The formation of this trading bloc has significant implications for the timeline of a potential global economic conflict. By establishing robust, self-sufficient economic networks, these nations are better positioned to withstand external pressures and navigate the challenges of a world war. The interconnectedness of these trade agreements and the resilience they foster will undoubtedly influence the progression and outcome of any future conflict.In the unfolding economic war, the true objective is not to target Russia or China, but rather to undermine the U.S. dollar and the American economy. While the consequences of such a conflict will reverberate globally, it is our economy that remains uniquely vulnerable due to its unwavering dependence on the U.S. dollar's status as the global reserve currency.An economic war, waged with strategic weapons and tactics, presents a formidable challenge – one that we, as Americans, are ill-equipped to overcome. The dollar's global reserve status, once considered a strength, has now become our Achilles' heel. As the world's gaze remains fixed on the armed conflict in Ukraine, few recognize that the most devastating blows will be felt right here on our own shores - without a single bullet fired. The sanctions imposed on Russia are but a single facet of the issue, as they contribute to a broader decoupling from the dollar trade. However, the true crux of the matter lies with the BRICS nations and their extensive network of trading partners, who will collectively resist accepting such sanctions. Their economic interdependence has fostered a resilience that will prove difficult to dismantle.A compelling example of the potential consequences of this economic war can be observed in Hungary's declaration to maintain its current levels of Russian oil and gas imports. This decision, driven by the need to avert an energy crisis within its borders, is a harbinger of similar choices being made by other nations worldwide. If NATO continues to advocate for Russia's economic isolation, it is inevitable that these countries will seek to distance themselves from the U.S. dollar as their reserve currency.The root of this shift can be traced back to the Biden administration and the European Union's decision to sanction Russia, which included freezing Russia's U.S. dollar accounts and severing its connection to the international payments platform. This act of economic warfare exposed a chilling possibility: if the West can financially isolate Russia, they could do the same to any other nation, including the United States.Zoltan Poszar, Credit Suisse's global head of interest rate strategy, offered a sobering assessment during an interview with Bloomberg's “Odd Lots” show:“Wars tend to turn into major junctures for global currencies, and with Russia losing access to its foreign currency reserves, a message has been sent to all countries that they can't count on these money stashes to actually be theirs in the event of tension. As such, it may make less and less sense for global reserve managers to hold dollars for safety, given that they could be taken away right when they're most needed.”As global tensions rise, nations are increasingly recognizing the risks associated with dependence on U.S. and Western financial systems and currencies. This shift in perception, fueled by the West's actions against Russia, may ultimately lead to a reevaluation of the role of the U.S. dollar as the global reserve currency.Indeed, the very architects of this economic conflict – the establishment elites in the US and Europe – are inadvertently setting the stage for the demise of the U.S. dollar. The currency's status hinges on the faith and belief in its demand, and any decline in this demand, triggered by global sanctions, could result in a massive influx of U.S. dollars held in overseas banks returning to the U.S. This flood of greenbacks would plunge the nation further into a stagflationary crisis.It appears that the globalists are fully cognizant of these potential consequences and are, in fact, relying on them. The ramifications of their actions, while devastating for the general population, could serve to further their own interests and objectives.The year 2030 looms large in the plans of globalist institutions such as the United Nations, IMF, and WEF, who consistently refer to it as the culmination of their Great Reset agenda. Should a global economic crisis serve as the catalyst, as it seems to be, a few years would be required for the collapse to unfold and for the introduction of a “solution” to the problem. Consequently, the economic war must escalate rapidly in the coming years.Currently, we are witnessing 40-year highs in inflation and significant supply chain disruptions. Furthermore, multiple globalist foundations are “predicting” worldwide food shortages within the next 3 to 6 months. I anticipate that the conflict will escalate to include China within the next year, with the majority of the damage being inflicted by the end of 2025 . The pace at which exporters, primarily China, divest from the dollar will be the primary trigger for this accelerated war.The WEF's Great Reset agenda and the IMF's Special Drawing Rights global digital currency initiative necessitate the demise of the U.S. dollar as the world's reserve currency. This is a process that globalists have openly discussed for some time, and it is not a mere “conspiracy theory” but rather a “conspiracy reality.” The IMF has frequently argued that the global currency framework must be “managed” by a centralized entity capable of preventing national governments from manipulating currency trade for their own benefit, including digital currencies.The stage has been meticulously set for this narrative. The U.S., especially under a new Trump presidency, will be portrayed as an example of the perils of nationalism and the dangers of entrusting a single nation with the power of a world reserve currency. The temptation for governments to engage in excessive money creation and debt-financed spending sprees, resulting in the fabrication of new money to pay for old debts, devalues and degrades the dollar's purchasing power worldwide.Consequently, it is only “logical” that a global central authority, devoid of national loyalties, assumes control of an “international” reserve currency, right? Perhaps a multi-currency-based basket system, or possibly a single world currency, to prevent any future abuses of power and tragedies from recurring. Wouldn't that instill a sense of safety?Do not be deceived – the chaos of a global conflict, be it economic or kinetic, and the demise of the U.S. dollar as the world's reserve currency, serves as the perfect pretext for the “logical” emergence of a global financial oligarchy. Unlike its predecessors, this ruling council would operate in broad daylight, its authority “official” and its control established as essential for global stability.This pattern of centralization has emerged following every major war or conflict; the argument is made that national sovereignty is the root cause, and that nation-states should not exist because differing ideas can lead to conflict. After World War I, the League of Nations was introduced; after World War II, the UN and the IMF were established. In the aftermath of today's economic World War III, globalists will attempt to implement a one-world currency and global economic governance program.“In short, the 'house of world order' will have to be built from the bottom up rather than from the top down. It will look like a great 'booming, buzzing confusion,' to use William James' famous description of reality, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.”—Richard Gardner, Foreign Affairs, 1974Globalists argue that a homogeneous global collective with a single hive mind is preferable, as it would prevent any potential conflicts. However, they conveniently reserve the right to form their own group, with the intent of reaping all the benefits of the crisis and consolidating power from the ensuing panic.Beware the machinations of those who seek to exploit chaos for their own gain, dismantling national sovereignty and consolidating power in the process.How you can support my writing: * Restack, like and share this post via email, text, and social media* Tip me a bug-free meal with Ko-Fi * Buy a discount subscriptionThank you; your support keeps me writing and helps me pay the bills.
Sam Callahan, Alex Stanczyk, Tomer Strolight, Joe Carlasare, Zack Sharpio, and many others join us to talk about the tragic news over the weekend with the assassination attempt of former President Trump. We talk about how the markets have reacted, thoughts on Trump attending the Bitcoin conference next week, and other bitcoin news. Use code “CAFE” for a discount to https://www.pacificbitcoin.com "Welcome to Bitcoin" A FREE 1-hour course hosted by Natalie Brunell, perfect for helping you to orange-pill family members over the holidays at https://Swan.com/welcome Swan Team Members:Sam Callahan: https://twitter.com/samcallahTomer Strolight: https://twitter.com/TomerStrolightJohn Haar Twitter: https://twitter.com/john_at_swanDante Cook: https://twitter.com/Dante_Cook1Produced by: https://twitter.com/Producer_Jacob Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Download the all new Swan app! iOS: https://apps.apple.com/us/app/swan-bitcoin/id1576287352 Android: https://play.google.com/store/apps/details?id=com.swanbitcoin.android&pli=1 Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swan.com/private Get paid to recruit new Bitcoiners: https://swan.com/enlist Connect with Swan on social media: Twitter: https://twitter.com/Swan
Hoang Pham, deputy division chief in the legal department of the International Monetary Fund, joins the show to walk us through everything we need to know about the IMF's special drawing rights.
GET TIM'S FREE Portfolio Review HERE: https://bit.ly/redpilladvisor And become a client of Tim's at https://www.TheLibertyAdvisor.com GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/ USE Code WAM to get FREE shipping in the United States! GET AN EXTENDED FREE TRIAL FOR ICKONIC WHEN YOU SIGN UP HERE: https://www.ickonic.com/affiliate/josh10 GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the fast move into CBDCs as the IMF announces they are working very hard on creating a global central bank digital currency (CBDC). This news comes just a few days after the United Nations, the umbrella for the IMF announced that they want to create a global digital ID, linked to your bank account. Former President Obama also recently claimed he wants to see a digital fingerprint for everyone who uses the internet. Carbon credits are being added to bank accounts and the economies of the western world are collapsing. It's pretty clear that they're creating a solution to the problem they created in the first place at the central banks in order to enslave us to technocracy. From 15 Minute Cities to food rations. The IMF's Special Drawing Rights is the model for the new BRICS world reserve currency system. So this will be interesting to watch develop. It's imperative that people resist this coming move into technocratic enslavement. Stay tuned for more from WAM! HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-wam-cover-history/ BUY YOUR PRIVATE CLEARPHONE HERE: https://www.r1kln3trk.com/3PC4ZXC/F9D3HK/ LION ENERGY: Never Run Out Of Power! PREPARE NOW! https://www.r1kln3trk.com/3PC4ZXC/D2N14D/ GET VITAMINS AND SUPPLEMENTS FROM DR. ZELENKO HERE: https://zstacklife.com/?ref=WAM STOCK UP ON STOREABLE FOODS HERE: http://wamsurvival.com/ OUR GOGETFUNDING CAMPAIGN: https://gogetfunding.com/help-keep-wam-alive/ OUR PODBEAN CHANNEL: https://worldaltmedia.podbean.com/ Or SPOTIFY: https://open.spotify.com/show/5JWtlXypfL8iR8gGMg9MME Find us on Vigilante TV HERE: https://vigilante.tv/c/world_alternative_media/videos?s=1 FIND US on Rokfin HERE: https://rokfin.com/worldalternativemedia FIND US on Gettr HERE: https://www.gettr.com/user/worldaltmedia See our EPICFUNDME HERE: https://epicfundme.com/251-world-alternative-media JOIN OUR NEWSLETTER HERE: https://www.iambanned.com/ JOIN our Telegram Group HERE: https://t.me/worldalternativemedia JOIN US on Rumble Here: https://rumble.com/c/c-312314 FIND WAM MERCHANDISE HERE: https://teespring.com/stores/world-alternative-media FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media We will soon be doing subscriber only content! Follow us on Twitter here: https://twitter.com/WorldAltMedia Help keep independent media alive! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2023
GET TIM'S FREE Portfolio Review HERE: https://bit.ly/redpilladvisor And become a client of Tim's at https://www.TheLibertyAdvisor.com GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/ USE Code WAM to get FREE shipping in the United States! GET AN EXTENDED FREE TRIAL FOR ICKONIC WHEN YOU SIGN UP HERE: https://www.ickonic.com/affiliate/josh10 GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the fast move into CBDCs as the IMF announces they are working very hard on creating a global central bank digital currency (CBDC). This news comes just a few days after the United Nations, the umbrella for the IMF announced that they want to create a global digital ID, linked to your bank account. Former President Obama also recently claimed he wants to see a digital fingerprint for everyone who uses the internet. Carbon credits are being added to bank accounts and the economies of the western world are collapsing. It's pretty clear that they're creating a solution to the problem they created in the first place at the central banks in order to enslave us to technocracy. From 15 Minute Cities to food rations. The IMF's Special Drawing Rights is the model for the new BRICS world reserve currency system. So this will be interesting to watch develop. It's imperative that people resist this coming move into technocratic enslavement. Stay tuned for more from WAM! HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-wam-cover-history/ BUY YOUR PRIVATE CLEARPHONE HERE: https://www.r1kln3trk.com/3PC4ZXC/F9D3HK/ LION ENERGY: Never Run Out Of Power! PREPARE NOW! https://www.r1kln3trk.com/3PC4ZXC/D2N14D/ GET VITAMINS AND SUPPLEMENTS FROM DR. ZELENKO HERE: https://zstacklife.com/?ref=WAM STOCK UP ON STOREABLE FOODS HERE: http://wamsurvival.com/ OUR GOGETFUNDING CAMPAIGN: https://gogetfunding.com/help-keep-wam-alive/ OUR PODBEAN CHANNEL: https://worldaltmedia.podbean.com/ Or SPOTIFY: https://open.spotify.com/show/5JWtlXypfL8iR8gGMg9MME Find us on Vigilante TV HERE: https://vigilante.tv/c/world_alternative_media/videos?s=1 FIND US on Rokfin HERE: https://rokfin.com/worldalternativemedia FIND US on Gettr HERE: https://www.gettr.com/user/worldaltmedia See our EPICFUNDME HERE: https://epicfundme.com/251-world-alternative-media JOIN OUR NEWSLETTER HERE: https://www.iambanned.com/ JOIN our Telegram Group HERE: https://t.me/worldalternativemedia JOIN US on Rumble Here: https://rumble.com/c/c-312314 FIND WAM MERCHANDISE HERE: https://teespring.com/stores/world-alternative-media FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media We will soon be doing subscriber only content! Follow us on Twitter here: https://twitter.com/WorldAltMedia Help keep independent media alive! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2023
In the lead up to Africa Liberation Day on May 25, we are joined by Etsehiwot Negash Kebret and Patrick Anam from Development Reimagined to discuss the African Union – whose predecessor was formed on this date in 1963 – and its growing relationship with China. Patrick is International Trade Policy and Trade Law Expert based in Nairobi, Kenya. He focuses on international trade law, trade policy, and regional integration. He is currently engaged with Development Reimagined as a Senior Trade Analyst and was the lead author of Development Reimagined's recent report, From China-Africa to Africa-China: A BluePrint for a Green and Inclusive Continent-Wide Strategy Towards China. Etsehiwot is a Development Finance Advisor at Development Reimagined focusing on Special Drawing Rights, Multilateral Bank Reform, the Sustainable Development Goals (SDGs), and African debt (see, Can a Borrower's Club Lead to Cheaper, Sustainable Debt?). Her writing and contribution can be found in the Diplomat, CSIS Africa, China Dialogue, and Africa Business. The Crane: An Africa-China Podcast is a bi-monthly podcast giving you a fresh look at the news, events, and debates around China-Africa relations from the perspective of two young(ish) Africans. You can listen to all episodes of The Crane for free anywhere you get podcasts. Brought to you by the Dongsheng Collective. Follow us @DongshengNews on Twitter, Instagram, Telegram & TikTok. Or visit www.dongshengnews.org. The bumper music uses the song "Live It" by Ketsa, under a single track perpetual license that gives the licensee the perpetual right to use the track in commercial projects worldwide. #TheCranePodcast #ChinaAfrica #Dongsheng
What are they doing on the hill? H.Res.69 — 118th Congress (2023-2024) Expressing the sense of the House of Representatives that the dedication and devotion of law enforcement personnel should be recognized and that calls to "defund", "disband", "dismantle", or "abolish" the police should be condemned.H.R.616 — 118th Congress (2023-2024)For the relief of Victoria Galindo Lopez.H.R.615 — 118th Congress (2023-2024)To prohibit the Secretary of the Interior and the Secretary of Agriculture from prohibiting the use of lead ammunition or tackle on certain Federal land or water under the jurisdiction of the Secretary of the Interior and the Secretary of Agriculture, and for other purposes. H.R.614 — 118th Congress (2023-2024)To amend the Department of Defense Appropriations Act, 2005 to provide for the inclusion of certain workers in the exemption from numerical limitations on H-2B workers, and for other purposes. H.R.613 — 118th Congress (2023-2024)To establish a process for the creation of minority impact assessments to determine whether pending bills, if enacted, are likely to create or exacerbate disparate outcomes among racial or ethnic minority groups, and for other purposes. H.R.612 — 118th Congress (2023-2024)To require a report on security cooperation with respect to Western Balkan countries.H.R.610 — 118th Congress (2023-2024)To provide for the rescheduling of marijuana into schedule III of the Controlled Substances Act.H.R.609 — 118th Congress (2023-2024)To amend the Internal Revenue Code of 1986 to allow a refundable credit against income tax for tuition expenses incurred for each qualifying child of the taxpayer in attending public or private elementary or secondary school.H.R.608 — 118th Congress (2023-2024)To terminate the Electronic Health Record Modernization Program of the Department of Veterans Affairs.H.R.607 — 118th Congress (2023-2024)To direct the Secretary of Transportation to revise regulations relating to child restraint systems, and for other purposes.H.R.606 — 118th Congress (2023-2024)To prohibit the use of Federal funds to study, propose, establish, implement, or enforce any mileage tax, including through the funding of a mileage tracking program.H.R.605 — 118th Congress (2023-2024)To amend the Special Drawing Rights Act in order to strengthen congressional oversight with respect to allocations of Special Drawing Rights by the International Monetary Fund, and to prohibit such allocations for perpetrators of genocide and state sponsors of terrorism without congressional authorization, and for other purposes.H.R.604 — 118th Congress (2023-2024)To require the Secretary of Homeland Security to make available video conferencing for applicants for NEXUS.H.R.603 — 118th Congress (2023-2024)To require a study on Holocaust education efforts of States, local educational agencies, and public elementary and secondary schools, and for other purposes.H.R.602 — 118th Congress (2023-2024)To amend the VA MISSION Act of 2018 to expand the veterans healing veterans medical access and scholarship program to include more students and schools.H.R.601 — 118th Congress (2023-2024)To modify certain requirements to encourage the recovery of Puerto Rico and the United States Virgin Islands.H.R.600 — 118th Congress (2023-2024)To waive certain provisions in the case of an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.H.R.599 — 118th Congress (2023-2024)To designate the facility of the United States Postal Service located at 3500 West 6th Street, Suite 103 in Los Angeles, California, as the "Dosan Ahn Chang Ho Post Office".H.R.598 — 118th Congress (2023-2024)To ensure 100 percent renewable electricity, zero emission vehicles, and regenerative agriculture by 2030 to address global warming caused by human activity.H.R.597 — 118th Congress (2023-2024)To improve the collection of intelligence regarding activities by drug trafficking organizations in certain foreign countries.H.R.596 — 118th Congress (2023-2024)To amend the Anti-Border Corruption Act of 2010 to authorize certain polygraph waiver authority, and for other purposes.H.R.595 — 118th Congress (2023-2024)To extend the right of appeal to the Merit Systems Protection Board to certain employees of the United States Postal Service.H.R.594 — 118th Congress (2023-2024)To amend title 39, United States Code, to modify procedures for negotiating pay and benefits of supervisory and other managerial personnel of the United States Postal Service, and for other purposes.H.R.593 — 118th Congress (2023-2024)To rename the Department of Veterans Affairs community-based outpatient clinic in Hinesville, Georgia, as the "John Gibson, Dan James, William Sapp, and Frankie Smiley VA Clinic".H.R.592 — 118th Congress (2023-2024)To prohibit the Secretary of Veterans Affairs from carrying out certain activities under the Electronic Health Record Modernization Program until certification of system improvements and facility readiness.H.R.591 — 118th Congress (2023-2024)To provide for the development of a plan to increase oil and gas production under oil and gas leases of Federal lands under the jurisdiction of the Secretary of Agriculture, the Secretary of Energy, the Secretary of the Interior, and the Secretary of Defense in conjunction with a drawdown of petroleum reserves from the Strategic Petroleum Reserve.H.R.590 — 118th Congress (2023-2024)To amend title XXI of the Social Security Act to prohibit lifetime or annual limits on dental coverage under the Children's Health Insurance Program, and to require wraparound coverage of dental services for certain children under such program.H.R.589 — 118th Congress (2023-2024)To impose sanctions on the Supreme Leader of Iran and the President of Iran and their respective offices for human rights abuses and support for terrorism.H.R.588 — 118th Congress (2023-2024)To direct the Secretary of Homeland Security to transfer, without reimbursement, materials to construct roadways and physical barriers along the Southern border of the United States to the governments of the States in which such materials are located, and for other purposes.Support The Show: https://patreon.bpmg.usSee omnystudio.com/listener for privacy information.
Hour 1 * Guest: Chris Carlson – Without God, we can never win, With God, we can never lose, The Battle for Freedom is the Lord's, but we need to be engaged in the fight! * Guest: James Edwards – Race, Politics & Hypocrisy in 21st Century America – thepoliticalcesspool.org * Tyre Nichols, a 29-year-old father and FedEx worker, was pulled over on Jan. 7 for what police said was reckless driving. After trying to flee on foot, Nichols was severely beaten by police. He died in a hospital three days later. * 5 Memphis ex-police are charged with murder and jailed over the death of Nichols. * In the video released by Memphis, Nichols can be heard screaming for his mom during the confrontation. * The Nichols family attorneys have called on the DOJ to investigate “saturation patrols,” which they described as big teams of police patrolling neighborhoods in the name of decreasing violent crime but instead foster a “wolf pack” mindset. Lawyers say the five officers who beat Nichols were part of such a unit. * Republicans Demand Spending Cuts Before Raising Debt Ceiling! Hour 2 * The Empire's New Clothes! * Once there was a young and prosperous empire who, although it comprised only 4% of the world's population, produced 20% of the world's goods and services. It was the envy of the world because its people were honest, upright, and hard-working. Because of their righteousness, the God of Heaven blessed them with modern manufacturing technology that allowed them to produce many more goods and services than any other country on the face of the globe. The whole world was blessed with the goods and service that it produced. * A Dollar Collapse is Now in Motion – Saudi Arabia Signals the End of the Petro Status – Brandon Smith, LewRockwell.com * Isn't the dollar system their “golden goose”? The Goose that Laid the Golden Eggs – Aesop's Fables. * This time, though, it will not be a single foreign currency that takes on the role of world reserve, it will be a basket currency system controlled by the IMF called Special Drawing Rights, along with a single global digital currency that is yet to be named but is now under development. * TUCKER CARLSON: Another attempt by leaders of our country to inflame racial hatred in the US – This is a highly aggressive propaganda campaign. * Who Advocates for and Promotes Solutions and Peace Like Liberty RoundTable Live? – Answer: No One! --- Support this podcast: https://anchor.fm/loving-liberty/support
* The Empire's New Clothes! * Once there was a young and prosperous empire who, although it comprised only 4% of the world's population, produced 20% of the world's goods and services. It was the envy of the world because its people were honest, upright, and hard-working. Because of their righteousness, the God of Heaven blessed them with modern manufacturing technology that allowed them to produce many more goods and services than any other country on the face of the globe. The whole world was blessed with the goods and service that it produced. * A Dollar Collapse is Now in Motion - Saudi Arabia Signals the End of the Petro Status - Brandon Smith, LewRockwell.com * Isn't the dollar system their “golden goose”? The Goose that Laid the Golden Eggs - Aesop's Fables. * This time, though, it will not be a single foreign currency that takes on the role of world reserve, it will be a basket currency system controlled by the IMF called Special Drawing Rights, along with a single global digital currency that is yet to be named but is now under development. * TUCKER CARLSON: Another attempt by leaders of our country to inflame racial hatred in the US - This is a highly aggressive propaganda campaign. * Who Advocates for and Promotes Solutions and Peace Like Liberty RoundTable Live? - Answer: No One!
The New Dawn Administration Now has an opportunity to make their own budget, indicating that with the 2022 National Budget, they had little time. The new administration now has a clear position pointing at the eighth National development plan which they can incorporate, but at the back of it there is the IMF program. These were the Word of Finance and National Planning Minister, "Dr Stumbeko Musokotwane in 2021, "Madam, Government proposes to spend K173.0 billion in 2022 equivalent to 37.1 percent of GDP. Of this amount, revenues and grants are K100.7 billion representing 21.6 percent of GDP. The gross financing of K72.3 billion, which translates to a budget deficit of 6.7 percent of GDP, will be raised from external and domestic sources, including a drawdown on the Special Drawing Rights. --- Send in a voice message: https://anchor.fm/best-jere/message
With a track record of founding startups at a young age, and executing entrepreneurial roles in global non-profits, Saurav Roy was selected as one of the youngest Global Shapers by the World Economic Forum at Bangalore in 2017. Since then, he has studied for a Masters in Regenerative Economics at Schumacher Collage, and is now working for the Carbon Tracker Initiative, a London-based, independent financial think tank that strives to influence the nature of global finance, away from stranded fossil fuel assets. It has cemented the terms 'Carbon bubble', 'stranded assets' and 'unburnable carbon' into the financial lexicon. Saurav's Master's thesis focused on the 'just transition' elements of the Green New Deal with the realisation that 'everything would change and everything would stay the same' in terms of the balance between the global north's endless consumption at the expense of human dignity, ecosystem annihilation and cultural balance in the global south. He examined the lack of supply chain justice in the existing concepts, evolved radical, inspiring ideas of how a global token system might fund non-debt-based climate reparations, and created the idea of a 'Carbon Truth and Reconciliation Commission' - because not all climate devastation can be healed simply by throwing money at it. In this inspiring, thought-provoking episode, we explore these ideas in depth, evolving ideas and questions for COP27 and learn Saurav's three core concepts for healing our times. Saurav on LinkedInCarbon Tracker InitiativeSDRsBarbados PM Mia Motley: articleJayati Ghosh
STOCK UP ON STOREABLE FOODS HERE: http://wamsurvival.com/ GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 OUR GOGETFUNDING CAMPAIGN: https://gogetfunding.com/help-keep-wam-alive/ Josh Sigurdson reports on the new report showing 90% of countries worldwide are planning the creation of a central bank digital currency, just in time for the great reset which sets out to make this a reality. With social credit, the collapse of currencies worldwide, inflation and overall chaos, it's the perfect time for the IMF to morph these digital currencies into the Special Drawing Rights and create a global currency with the basket based in centralized blockchain technology. The problem? With this "convenient" global currency system, humanity will have to be sacrificed. This is the Great Reset. This is the new world order. This is global technocracy and we as humans must stand up and remove ourselves from the system before it's too late. Stay tuned for more from WAM! OUR PODBEAN CHANNEL: https://worldaltmedia.podbean.com/ FIND US on Rokfin HERE: https://rokfin.com/worldalternativemedia FIND US on SOVREN HERE: https://sovren.media/u/wam/ FIND US on Gettr HERE: https://www.gettr.com/user/worldaltmedia See our EPICFUNDME HERE: https://epicfundme.com/251-world-alternative-media JOIN OUR NEWSLETTER HERE: https://www.iambanned.com/ JOIN our Telegram Group HERE: https://t.me/worldalternativemedia JOIN US On BitChute: https://www.bitchute.com/channel/gzFCj8AuSWgp/ JOIN US On Flote: https://flote.app/JoshSigurdson JOIN US On Odysee (formerly LBRY) HERE: https://odysee.com/@WAM:0 BUY WAM NFTs HERE: https://rarible.com/worldalternativemedia JOIN US on Rumble Here: https://rumble.com/c/c-312314 FIND WAM MERCHANDISE HERE: https://teespring.com/stores/world-alternative-media FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media We will soon be doing subscriber only content! Follow us on Twitter here: https://twitter.com/WorldAltMedia DONATE PAYPAL HERE: ziggy33@mail.com Help keep independent media alive! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2022
President Muhammadu Buhari says efforts to get debt relief for African countries and Special Drawing Rights of about $650bn, especially with the impact of the COVID-19 pandemic, have reached an advanced stage. Buhari says over 30 million jobs had been lost since the pandemic, with about 26 to 40 million people going into extreme poverty. The President pointed out that the post-pandemic stimulus package for Africa must go beyond individual efforts by the countries.He added that there is a need for increased collaboration and integration of efforts to drive sustainable economic growth and recovery across the continent. He says African parliaments have a particular role to play aside from the fact that they have been charged to make laws.
Questions on Protecting Wealth with Gold & Silver? Call 877-410-1414 or Schedule a Call for Later Here: ↓ https://calendly.com/itmtrading/youtube?utm_source=YouTube __________ Eric sources questions from Lynette's viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question though YouTube, Facebook, Twitter, or email to questions@itmtrading.com. If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease! Have questions for the Q&A, email us at questions@itmtrading.com. Have questions about acquiring gold and silver? Call: 877-410-1414 To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/special-drawing-rights-gold-deflation-qa-with-lynette-zang-eric-griffin/ Question 1: 1:02 If gold ends up backing the SDR, how does that effect countries outside the IMF's jurisdiction? Question 2: 22:06 If we go into deflation is it wise to hold dollars as well as gold and silver? Question 3: 23:11 Yellen is always threatening that US Government will default. Shouldn't we just let the default happen so we can move forward with a better more honest and sound system? Question 4: 24:33 How can we barter with gold and silver with local people who might think you are trying to scam them with counterfeit coins, do you need your own meter? Question 5: 26:59 In your study of currency life cycles and resets historically, have you found that gold price suppression has been practiced as part of the overall trajectory of currency failure? Or is this unique to our current situation? A HISTORY IN FINANCIAL REPRESSION: https://youtu.be/ZBCg3sU_sCs Follow Lynette Zang ⬇️ Instagram: https://www.instagram.com/lynettezang/ Twitter: https://twitter.com/itmtrading_zang __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2021 All Rights Reserved.
SPECIAL EVENT Funding Food System Transformation in Developing Countries: An example from Ethiopia UNFSS Side Event -- Co-organized by IFPRI, The Alliance of Bioversity International and CIAT, CGIAR SEP 23, 2021 - 09:30 AM EDT As countries develop national plans for food systems transformation, serious efforts are needed to mobilize the financial resources for design, implementation, and M&E. Ethiopia's national plan, developed through Ethiopia's UNFSS process, offers a valuable example of the evidence-based plans, investments, and activities that will require funding. This case will inform discussion of CGIAR work, developed for the UNFSS, on potential sources of funding for food system transformation activities. Specific examples to be discussed include mobilizing impact investors for climate change financing using CGIAR technologies; increasing access to finance for women in food systems; and using IMF issues Special Drawing Rights to guarantee zero hunger and pandemic recovery bonds. Speakers will reflect on how to ensure that potential sources of funding can best meet the identified needs at the national level. Speakers Eugenio Diaz Bonilla, Head of Latin American and Caribbean Program, CGIAR-IFPRI Sisay Sinamo Boltena, Senior Program Manager, Seqota Declaration Federal Program Delivery Unit Richard Newman, Senior Sustainable Finance Specialist, IWMI Flor Paz, Research Analyst, CGIAR-IFPRI Moderator Namukolo Covic, Senior Research Coordinator, CGIAR-IFPRI LINKS: The Alliance Of Bioversity International And CIAT, CGIAR: https://www.cgiar.org/research/center/alliance-bioversity-ciat/ IFPRI And UN Food Systems Summit 2021: https://www.ifpri.org/ifpri-unfss-2021 More on the seminar: https://www.ifpri.org/event/funding-food-system-transformation-lessons-ethiopia Subscribe to IFPRI Insights newsletter and event announcements at www.ifpri.org/content/newsletter-subscription
Today on the Fatboy Show, Forward Thinking Lawyer, Louis Namwanja Kizito enlightens us on why the International Monetary Fund Executive board's unanimous support to the proposal to print a record 650 billion dollars of Special Drawing Rights to allocate to the 190 member states (Uganda inclusive) as a Covid19 relief package is a problem in the country.
John Paulson, a multi-fiat Fed note billionaire Wall Street trading legend, was interviewed on August 12th, 2021, and Bloomberg Wealth published these video clips this past week. This famed, often highly leveraged derivative, a trader who helped his firm and investors net over $20 billion on a trade shorting the 2007/2008 housing market credit bust, had additional sharp insights on the parabolic future price climb for gold. The close to this week's silver and gold derivative trading hours ended on a positive note for bullion bulls. A massive near 500,000 jobs bolstered both respective silver spot price and gold spot prices in August 2021. The gold-silver ratio also fell firmly on the news, showing signs that derivative traders were seeking alpha by placing down additional silver derivative long bets. Sideways spot price consolidations can wear people's excitement and patience out. But this last year to time for silver bulls like myself and the extended base we have been building signals tremendous upside energy likely ahead. And with fiat creationist cartels en route to doubling their ballooning balance sheets within the last two years, well, a reckoning in store of value confidence is what I continue actively betting on and saving against. This week we have some exciting news from various important gold stacking and even increasing commodity-price-discovering nations on the other side of the world. We'll begin with news out of China. Note the mentioning of shipping futures contracts and the massive escalating price squeeze ongoing for goods from China to the USA since the pandemic. Much of these shipping price escalations have and will likely continue to be passed off to consumers with higher prices for goods coming out of China. Also, China is still the world's largest consumer of commodities, and it's not close in terms of the second-largest market buying most things critical for a quality modern lifestyle. Pretty easy to guess that China wants to wrestle much commodity price discovery influence away from futures markets like the US-based COMEX and NYMEX to have her longer-term agenda more easily appeased. Of course, Russia likely knows well the International Monetary Fund's Special Drawing Rights history. The SDR began in 1968 as a supposed gold-backed freely convertible supra-central banknote only to morph into year another complete fiat currency contrivance. The SDR fiat currency unit inputs basket has lost over 97% of its value to gold bullion. And the Russian Federation likely agrees that the SDR devaluation vs. bullion trend is not changing anytime soon. Gold market analysts Daniel March and Krishan Gopaul were quick to cite massive gold demand out of India for this past month of August 2021. Remember how last week we mentioned Germany had almost imported 100 metric tonnes of gold in the first half of 2021? Well, India did that and more in August alone. India's most significant gold bullion buying nation f India is getting back on track, and it appears she is well open to importing 1,000 metric tonnes for the year. This week Market Watch had an exciting story citing estimates that an additional 20% of undocumented smuggled gold moves into India annually — stashed inside wigs, jeans, shoes, and other body cavity regions. The reason for this at a large scale is the arbitrage of possibly avoiding the 7.5% duty and tax slapped onto both gold and silver bullion bar imports into India. A country that is preparing to launch trial programs for its fiat CBDC rupee late this year 2021. The Indian banking system is notorious for being insolvent and not writing down bad loans and debts, so moving to a fiat CBDC grid and killing cash is likely a high priority for the financial powers. Finally, to close, I will leave a link to an interview I did yesterday with Tom from Palisades Radio. https://youtu.be/QHKOirpEkqc In the interview, I go over a bit of what I am about to tell you. My recent less than 24 hours one day trip through Istanbul, Turkey, was eye-opening. The ancient and largest city on the European continent, with portions of it extending on the continent of Asia as well. About 16 million people live there at the moment. And the majority of the people living there are suffering under severe currency devaluation and ongoing price inflation. Historically and currently, this part of the world has a massive gold trade, not merely in annual demand for high-grade gold jewelry manufacturing but also its growing gold refining capacities. Increasingly too, as the Turkish lira continues devaluing, their demand for silver continually grows, as likely the poor man's gold is deemed a better value and with a reasonable price range. In mid-2208, the Turkish lira was almost at par with the fiat Federal Reserve note, and now it takes over eight fiat lira to get one US dollar. So I went there with the express intention to buy some high-grade gold jewelry gifts in their world-famous Grand Bazaar. The trouble was they had a national holiday on August 30th, so I will have to return happily. Here's the point, I didn't get my high-grade gold jewelry gifts, but what I did get was some perspective of how lucky I am. That day I got to meet and sit with a young, charismatic Syrian refugee for a 15-minute tea, and we quickly got to the point where he mentioned how terrible his job was. He complained of having to work 12 hour days with no breaks and how his pay was demolished by ongoing lira price inflation. Never mind the fact that his home country was recently ravished by war. I bet if you asked a lot of these people here, they would tell you similar or even possibly worse stories. You see, most of watching this video have been lucky, including me: Count, our blessings, That is all for this week's SD Bullion market update. As always, take great care of yourselves and those you love.
What are special Drawing Rights and what do they mean for African economies?A coup in Guinea, what does this mean for the Aluminum industry?
shutterstock The International Monetary Fund (IMF) is to inject $650 billion in Special Drawing Rights into the global economy. Because of the way the quotas for member states work, about 60% of these funds will go to rich countries that do not need them. African countries will receive $33.6 billion. Most of this will go to the five largest economies on the continent – South Africa, Nigeria, Algeria, Morocco and Egypt. The IMF and many countries recognise that this way of sharing the funds is not ideal and are looking at a way of reallocating them to poorer countries. The Special Drawing Rights present an opportunity for the IMF to regain some of its lost influence in global economic governance. It's also an opportunity for African countries to change their relationship with the IMF. In today's episode of Pasha, The Conversation Africa editor Jabulani Sikhakhane sat down with Danny Bradlow, SARCHI Professor of International Development Law and African Economic Relations at the University of Pretoria, to discuss what the Special Drawing Rights are and how they work. They also look into the history of the mechanism and how it can be more responsive to African needs. Read more: How Africa can seize the moment and start resetting its relationship with the IMF Photo: “IMF International Monetary Fund symbol or sign.” By Maxx-Studiofound on Shutterstock Music: “Happy African Village” by John Bartmann, found on FreeMusicArchive.org licensed under CC0 1. “Ambient guitar X1 - Loop mode” by frankum, found on Freesound licensed under Attribution License.
Silver rallies as the IMF dishes out $650 billion of SDRs Today I'm joined by Alex Langer of Sierra Madre to discuss Silver's reaction to the IMF dolling out $650 Billion of allocation of Special Drawing Rights. To find out more, click to watch the video now! - To see the letter to CFTC Commissioner Rostin Behnam asking him to explain his comments about the silver price being “tamped down” and controlled, go to: https://arcadiaeconomics.com/wp-content/uploads/2021/05/A-letter-to-CFTCs-Behnam-about-his-silver-comments-and-the-evidence-Ive-submitted.pdf To see the detailed evidence the CFTC has been sitting on that explains how the silver price fell by 10% on February 2, 2021, despite unprecedented records for silver demand on that very same day, go to: https://arcadiaeconomics.com/cftc-complaint/ - To support legal action against the CFTC go to: https://www.gofundme.com/f/will-the-cftc-honor-its-oath-in-the-silver-market - To get Arcadia videos delivered straight to your inbox: https://arcadiaeconomics.com/email-signup/ - To get your copy of The Big Silver Short click the link below: Paperback: https://www.amazon.com/gp/product/B08BFL34T9/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 Audio: https://arcadiaeconomics.com/thebigsilvershortaudio/ - To buy physical silver in a safe in convenient way, so that you know that you're actually getting what you paid for, and that it will be the verified silver that you requested, call or email our #preciousmetals sponsor #MilesFranklin, whose owner Andy Schectman has agreed to beat any online price for the Arcadia audience: Email: Arcadia@MilesFranklin.com Call: 833-326-GOLD (4653) - To sign the petition to ban #JPMorgan from trading in the #gold and silver #markets go to: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver - Click here to subscribe to Arcadia's Youtube channel: http://bit.ly/2t1HKOj - Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - To support the show go to: https://arcadiaeconomics.com/supporttheshow/Subscribe to Arcadia Economics on Soundwise
The International Monetary Fund said its new allocation of Special Drawing Rights equivalent to 650 billion U.S. dollars has come into effect.
CGD's Mark Plant and University of Oxford's Adrienne Cheasty, formerly of the IMF, on how SDRs work, what the IMF's new allocation means, and what needs to happen to ensure its effectiveness
Nigeria has been allocated about $3.35 billion as part of a historic general allocation of Special Drawing Rights of the International Monetary Fund.This is a result of the approval of a general allocation of about SDR456 billion – an equivalent of $650 billion – by the IMF Board of Governors on Monday.The allocation which was approved on Monday aims to boost global liquidity at a time when the world is grappling with the coronavirus pandemic.IMF Managing Director, Kristalina Georgieva says this is a historic decision, the largest SDR allocation in the history of the IMF and a shot in the arm for the global economy at a time of unprecedented crisis.It is a potential claim on the freely usable currencies of IMF members and can provide a country with liquidity.
Steffen Murau is a political economist at the Global Development Policy Center at Boston University and specializes in international money and finance. He joins Macro Musings to talk about the Eurozone, its role within international monetary architecture, and the future of the dollar zone. They also discuss balance sheet hierarchies, the roles of European banks compared to their American counterparts, and the fiscal ecosystem present within the Eurozone. Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Steffen's Twitter: @steffenmurau Steffen's website: https://steffenmurau.com/ Steffen's GDPC profile: https://www.bu.edu/gdp/profile/steffen-murau/ Related Links: *A Macro-Financial Model of the Eurozone Architecture Embedded in the Global Offshore US-Dollar System* by Steffen Murau https://www.bu.edu/gdp/files/2020/07/Murau-Eurozone-architecture.pdf *The Hierarchy of the Offshore US-Dollar System: On Swap Lines, the FIMA Repo Facility and Special Drawing Rights* by Steffen Murau, Fabian Paper, and Tobias Pforr https://www.bu.edu/gdp/files/2021/02/Steffen-Murau-GEGI-Study-2-Feb-2021.pdf *The Evolution of the Offshore US-Dollar System: Past, Present, and Four Possible Futures* by Steffen Murau, Joe Rini, and Armin Haas https://www.cambridge.org/core/journals/journal-of-institutional-economics/article/evolution-of-the-offshore-usdollar-system-past-present-and-four-possible-futures/B36ED9082CECE54F3F5B8E8F40D15148 David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth
The Biden Administration wants to circumvent Congress and send your hard-earned tax dollars to wealthy countries, our adversaries, and countries that fund terrorism through a $650 billion IMF allocation for Special Drawing Rights, which would bolster the economies of China, Russia, and Iran. Americans deserve to know why Biden and Yellen are circumventing Congressional approval to fund countries that want to do us harm.
Tuesday 6Apr21* Biden & MIC Pushes/Funds Ukraine War with Russia* Yellen coordinates global tax rates and IMF's take down of US dollar using “Special Drawing Rights”* Franklin Graham & evangelical mis-leaders join Ad Council vaccine propaganda — “Love Your Neighbor” campaign* Clarence Thomas gets it right on digital public square* GOP Gov Hutchinson vetoes bills prohibiting mask mandates and gender surgery/drugs for minorsTopics by Timecode3:44 Janet Yellen pushes global minimum tax, massive “Special Drawing Rights” with IMF agains the dollar13:36 Biden encourages & funds Ukraine to go to war with Russia over Crimea. Why does he care about that border as he ignores USA border?25:33 FBi makes it clear that seeking privacy, even in a rented safe, is now a crime35:16 GOP Arkansas Gov Hutchinson vetoes bill to protect minors from transgender surgery48:42 INTERVIEW: Joel Hirschhorn, author “Pandemic Blunder” — the intense effort to keep people from getting safe, effective, affordable healthcare from the beginning of the pandemic1:25:13 Christian Mis-Leaders Join Ad Council Vaccine Propaganda: “Love Your Neighbor”. Are they really that lacking in discernment?1:38:26 Only 40% oppose Americans in general oppose vaccine passports but 50% of blacks oppose. There are still many undecided and we may have a chance1:42:11 The Publix Vaccine Scandal is THIS — NOT what 60 Minutes lied about1:58:01 Clarence Thomas points out that social media companies need to be treated like a public utility — like the phone company or the power company. Why didn't he reference SCOTUS precedent on free speech in privately owned public square and what about Sec 230?2:21:19 Have people FINALLY had enough after 388 days of “Fauci says”? 40,000 attend baseball games, CDC talks about “hygiene theater”, flight attendant who tries to cancel flight over 2 yr old's mask is taken away by cops2:43:28 ATTACK of the “Double Mutant” — Fauci's Latest Fear TheatreFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: https://www.subscribestar.com/the-david-knight-showOr you can send a donation through,PayPal at: https://www.paypal.com/paypalme/davidknightshowVenmo at: venmo@davidknightshowCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight, POB 1323, Elgin, TX 78621
Tuesday 6Apr21 Biden & MIC Pushes/Funds Ukraine War with Russia Yellen coordinates global tax rates and IMF's take down of US dollar using “Special Drawing Rights” Franklin Graham & evangelical mis-leaders join Ad Council vaccine propaganda — “Love Your Neighbor” campaign Clarence Thomas gets it right on digital public square GOP Gov Hutchinson vetoes bills prohibiting mask mandates and gender surgery/drugs for minors Topics by Timecode 3:44 Janet Yellen pushes global minimum tax, massive “Special Drawing Rights” with IMF agains the dollar 13:36 Biden encourages & funds Ukraine to go to war with Russia over Crimea. Why does he care about that border as he ignores USA border? 25:33 FBi makes it clear that seeking privacy, even in a rented safe, is now a crime 35:16 GOP Arkansas Gov Hutchinson vetoes bill to protect minors from transgender surgery 48:42 INTERVIEW: Joel Hirschhorn, author “Pandemic Blunder” — the intense effort to keep people from getting safe, effective, affordable healthcare from the beginning of the pandemic 1:25:13 Christian Mis-Leaders Join Ad Council Vaccine Propaganda: “Love Your Neighbor”. Are they really that lacking in discernment? 1:38:26 Only 40% oppose Americans in general oppose vaccine passports but 50% of blacks oppose. There are still many undecided and we may have a chance 1:42:11 The Publix Vaccine Scandal is THIS — NOT what 60 Minutes lied about 1:58:01 Clarence Thomas points out that social media companies need to be treated like a public utility — like the phone company or the power company. Why didn't he reference SCOTUS precedent on free speech in privately owned public square and what about Sec 230? 2:21:19 Have people FINALLY had enough after 388 days of “Fauci says”? 40,000 attend baseball games, CDC talks about “hygiene theater”, flight attendant who tries to cancel flight over 2 yr old's mask is taken away by cops 2:43:28 ATTACK of the “Double Mutant” — Fauci's Latest Fear Theatre Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: https://www.subscribestar.com/the-david-knight-show Or you can send a donation through, PayPal at: https://www.paypal.com/paypalme/davidknightshow Venmo at: venmo@davidknightshow Cash App at: $davidknightshow BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Mail: David Knight, POB 1323, Elgin, TX 78621
The IMF is ready to create some $1 trillion in an international money most people have never heard of called Special Drawing Rights to help global recovery, but taxpayers watch out! The U.S. government could rip you off of billions of dollars in taxes and with no congressional approval. Steve Forbes on what the U.S. Treasury Department is trying to maneuver that could ultimately cost American taxpayers nearly $200 billion and on why Congress should force Treasury to seek its approval.Steve Forbes shares his What’s Ahead Spotlights each Tuesday, Thursday and Friday.
Questions on Protecting Wealth with Gold & Silver? Call 877-410-1414 or Schedule a Call for Later Here: ↓ https://calendly.com/itmtrading/youtube?utm_source=YouTube __________ Eric sources questions from Lynette’s viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question though YouTube, Facebook, Twitter, or email to questions@itmtrading.com. If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease! Have questions for the Q&A, email us at questions@itmtrading.com. Have questions about acquiring gold and silver? Call: 877-410-1414 Viewer Submitted Questions: Question 1: 1:25 What will the effect be of IMF’s increase in Special Drawing Rights? It seems like they created a new layer of money out of thin air. Question 2: 3:51 Do you think they will try to reset the currency against SDRs rather than gold? Question 3: 7:32 We’ve got some money in gold and silver, have some cash in the bank, but the majority of our savings is in IRA’s and 401k’s that we don’t need to touch for 5 or 6 years. We’ve thought about moving some of this money into precious metals IRA’s. We know it is not out of the system but with all things considered, is this better than nothing? Question 4: 12:51 You talk about playing the cup and then investing on the other side. What is the best way to sell precious metals if you hold them or store them in an IRA? Question 5: 14:40 Why has gold not gone up in times like this? This is the PERFECT environment for gold to rise, and it hasn't! Blog: https://www.itmtrading.com/blog/bullion-gold-reset-deflationqa-with-lynette-zang-and-eric-griffin/ __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2021 All Rights Reserved.
In this episode of Behind The Deep State, host Alex Newman explores the Deep State effort to supposedly fight the Chinese virus with more tyranny and globalism. In particular, Alex goes through a Rockefeller Foundation report that imagines a hypothetical pandemic. Dubbed "Lock Step," this scenario praises Communist China's ruthless measures while attacking the United States. Newman also exposes the push for a New World Order, mandatory vaccines, a global Special Drawing Rights currency by the IMF, ID2020, and other schemes funded by the Bill Gates Foundation. Basically, the Deep State is using this hysteria to wage war on liberty, nations, and privacy. Don't let them win. ▶️ More Videos: Deep State Weaponizing Coronavirus Against Freedom https://youtu.be/NCOMBWlYyr8 Dr. Shiva, PhD | COVID-19 https://youtu.be/C6a7vOntSJ0 Deep State Sexualizing Children at School https://youtu.be/4yGquJMp7js
Dal treccani: "Diritti Speciali di Prelievo (DSP; Special Drawing Rights, SDR) Componente delle riserve ufficiali gestite dalle banche centrali dei Paesi membri del Fondo Monetario Internazionale (➔ FMI). Sono stati introdotti con gli accordi della Giamaica (➔ Giamaica, accordi della) del 28 luglio 1969. Il FMI alloca i DSP ai suoi Stati membri (187 Paesi nel 2011) quando rinviene un bisogno di incrementare le attività di riserva globali. Ciò è avvenuto nel 2009, all'apice della crisi economica e finanziaria globale. Oltre 204 miliardi di DSP (equivalenti a 313 miliardi di dollari statunitensi e 242 miliardi di euro, al cambio di fine 2011) sono stati allocati presso i Paesi membri del FMI. Questa non è che una frazione minima delle riserve valutarie mondiali, che a fine 2011 ammontavano a oltre 1000 miliardi di dollari."
Cutting Through the Matrix with Alan Watt Podcast (.xml Format)
--{ "From Those Who Hijack Suffering...Terror Now Brings a Better Tomorrow, Famines, Poverty, Slaughter, Sorrow." © Alan Watt }-- Lockdown, Stopping of Commerce, Life - Don't Vote for W.H.O. - World Economic Forum (WEF), Antifa Not Protesting Them - Anti-War Rallies - Brzezinski, The Clenched Fist, Revolution, Hegelian Dialectic - Constant Change, Radicalizing Young People - Carroll Quigley - Cartoons for Children, Right into Adulthood - Bertrand Russell, Function of Parents is to Clothe and Feed Children, the State will Give Them Their Values - Free Trade - - Movie, Heartland, with Anthony Hopkins; Bureaucratic Control Over Farming - Service Economy; Elimination of Import Taxes - WEF on Board with U.N. Sustainability Programs, Elimination of Family, Austerity, Depopulation - Privatization of Infrastructure, Essential Services, Fuel, Water - U.S. Scandals in Ukraine - European Union - Bill Gates; Sterilization; H.G. Wells, A Modern Utopia - Given Entertainment, Happy, Silly Songs; Rome Burned While Nero Fiddled - Satirical Movie, Oh, What a Lovely War - We're a Herd, Charles Fort said We're Farmed - The Beehive Represents the Perfect System; The Royal Society; Eugenics - Prince Philip - Wars are Very Profitable for the Elite - People can't Think when They're Terrorized - Scientists and Academics with an Impressive String of Letters Behind Their Names - High Priests; Standing Stones - Knowledge is Power - Machiavelli-type Advisors in All Countries - Communist Beria on Indoctrination and Time Needed for Big Changes - Technocracy, Energy Systems - Taxpayer-funded Handouts for Large Corporations - Domes for Growing Food Where Higher Level Bureaucrats get Special Drawing Rights to Obtain Highest Quality Food - Geoengineering - Imminent Domain - Shattered Economy, 2008; Elite had Money in Safe Havens Before it Hit - Tent Cities - Devalued Currencies - "Resetting" the Economy - If You Really want a Top Degree, Get a Degree in Conology; You'll Definitely Benefit from It - Post-Consumer, Vegan, Zero-Carbon Economy - Rioting, Using a Man's Death as an Excuse - No Social Distancing During the Protests - All for Carbon Reduction, While They Burn Cars and Houses - Stars, Hollywood, Communist Star; Materialism, You Follow the Stars; Their Opinion Becomes Your Opinion - Jolie and Clooney Recruited to CFR; Star is "Rats" Spelled Backwards - The Importance of Early Indoctrination; Education, Children's Books - Angelina Jolie Promoting Eating Crickets - The Curse of Pure Materialism Became Embedded in Society and People Lost Their Humanity - You're Seen as a Number by Tyrannical Bureaucracy - Covid Lockdown, then Rioting and Destruction of Property; Who Benefits? - Social Distancing Idea Made Up by Schoolgirl - Cuomo, We Couldn't Force You to Lockdown - Gates, Reimagining Education - The Club of Rome, Democracy is Too Cumbersome - The Manual of Antifa - Post-Consumerism (Except for the Looters) - Going After Food Supply; Extinction Rebellion, Vegan Groups - Former Obama Aide Yells at Looters - This is Part of a Revolution - The Police; The Milgram Experiment - Your Contributions Will Help Me Continue - Please Donate at www.cuttingthroughthematrix.com - I am a Completely Independent Thinker - You Must Think for Yourself - - What's Coming Down is a Literal Horror Show - Pike said We'll Unleash the Nihilists and Atheists on the People - Anarchy, Rage, Uncontrolled Anger - Peter the Monk Radicalizing Children for the Crusades - Judas Goat - Destruction of Europe by Mass Migration - Irish Asylum System Enters Meltdown - It's Easy to Hate; Taught to Demonize the Enemy - Pallets of Bricks Showing Up in Cities - Desiree Barnes Yells at Rioters - WEF Bills Davos 2021 As The 'Great Reset' - When You're Given a Chant, a Slogan, You're Being Used - International Monetary Fund Chief said, "The best memorial we can build for those who lost their lives to the pandemic is that greener, smarter, fairer world." - Prince Charles Talks about the Need for a Global Reset - NYPD's Terrorism Official Says Unnamed Groups Planned Protest Violence in Advance - Life is Cheap, Abort Your Children, Euthanize the Elderly - Militarization of Police - Descendents of Bolsheviks - de Blasio's Daughter - Police Officers Take Knee at Gates of Number 10 in London - John Whitehead article, Blueprint for Locking Down the Nation - Pentagon Video Warns of “Unavoidable” Dystopian Future for World's Biggest Cities; "Megacities: Urban Future, the Emerging Complexity" - 2017 article, CIA Backed Color Revolutions, The Dishonest Career of the Remarkable of Srda Popovic - US Agency for International Development (USAID), Widely Known as a CIA Front - The Interconnection of the Top Intelligence Agencies, MI6, CIA, the Mossad - George Soros - Color Revolutions; The Globalization of Revolutions; CANVAS - The Revolution is Televised - “Fake” 2009 H1N1 Swine Flu Pandemic: Manipulating the Data to Justify a Worldwide Public Health Emergency - ‘Kettling' of Peaceful Protesters after Curfew Shows Aggressive Shift by New York Police - Alliance for Global Justice (AFGJ); Anti-Capitalist, Opposed to the Principles of Liberal Democracy and Individual Rights - Article, America Masterminded ‘Color Revolutions' around the World. Now the Very Same Techniques are Being Used at Home - Canada's RCMP, Hell's Angels, Drugs - Book, Antifa: The Anti-Fascist Handbook - The Use of Troops - Pierre Trudeau, Young Communists League of Canada, Led Delegation to Comintern - Reece Commission; Quigley, "We're often mistaken for Communists"; All Groups Used - Stalin Killed Those Considered Contaminated with Western Values - Solzhenitsyn, In the Beginning Everyone said "It couldn't happen here" - Leni Riefenstahl - Secret Police - Peter Hitchens Trained to Be a Revolutionary at University - Armed Citizens Defend Town: "Rioters, Looters KEEP OUT!" - Stockholm Syndrome - Julian Assange 'too ill' to Attend Latest Court Hearing in US Extradition Case - Chelsea Manning - Obama on the Riots and Voting Democrat - Black Lives Matter Dublin - Foxy Fauci says Let's Carefully Reopen Schools in the Fall — German Officials Threaten Naomi Seibt with Prison for ‘Denialism' - Article, Global Capitalism, “World Government” and the Corona Crisis - Fear and Terror - We are Living Through History - Governors Back Massive Protests after Months of Banning Large Gatherings - Professor Tweets how to Topple ‘Racist' Monuments like Washington Monument, then Backtracks - How Free Trade Is (Still) Killing America; 1994 Video with Trilateral Commission Member Charlie Rose, Argues in Favor of Free Trade, NAFTA and GATT, as He Interviews Sir James Goldsmith - Sense of Sadness in Ireland and Scotland - Giulio Meotti, an Italian journalist with Il Foglio for Israel National News, Kneeling for George Floyd is Grotesque Western Infantility - Johns Hopkins, Bill and Melinda Gates Foundation, Pandemic Exercise - Ray McGovern article, US-Russia Ties, from Heyday to MayDay - Minnesotans Drove Plateless Car, Carried Guns and Hammer During George Floyd Protest - Communists Always Stop Travel First Thing - World Travel and Tourism Council (WTTC) 'Safe Travels': Global Protocols and Stamp for the New Normal - Immunity Passports - The Origins of Antifa - Movement For Black Lives Policy Platform - Understanding History - Movie, Land of the Blind - It is Important that You Donate to Keep These Talks Going - Those Who are Not Authorized; Shadow-Banning. *Title and Dialogue Copyrighted Alan Watt - June 7, 2020 (Exempting Music and Literary Quotes)
The U.S. Treasury has been legally robbed! In this episode, discover the secret provisions in the multi-trillion dollar CARES Act that no one is talking about (like the new process for over the counter drug approvals) and discover the reasons behind problems that everyone is talking about (like why Mom & Pops can't get a small business loan approved but Fogo de Chao can.) The good news is that the problems are so obvious that they are easily fixed... If Congress ever comes back from vacation. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Congressional Dish Episodes CD160: Equifax Breach CD199: Surprise Medical Bills CD201: WTF is the Federal Reserve? CD212: The COVID-19 Response Laws Bills H.R.748 - CARES Act Text: H.R.748 - CARES Act Roll Call: H.R.748 - CARES Act House passed by voice vote at 1:25pm on March 27th Transcript: House debate Tom Massie demanded a recorded vote but an insufficient number of members supported him and the demand for a recorded vote was refused Signed by Trump on March 27 CARES Act Outline DIVISION A - Keeping Workers Paid and Employed, Health Care System Enhancements, and Economic Stabilization TITLE I - Keeping American Workers Paid and Employed Act Sec. 1102: "Paycheck Protection Program" (Small Business Loans) The Federal Government will guarantee 100% of the loans made under this authority between February 15, 2020 and June 30, 2020. The loans are allowed to be used by businesses to pay for their employees salaries, tips, sick and vacation time, health care, retirement benefits, and state and local taxes. Sole proprietors and independent contractors are eligible. All payments are capped at a salary rate of $100,000/yr per individual. Payments are not eligible for employees who live outside the United States, even if they are US citizens. A “small business” is defined as a business with fewer than 500 employees per physical location. Usually, franchises in a large corporate chain would be except from receiving these loans, but that exemption is waived. Nonprofits and veterans organizations are eligible as well. The maximum loan amount is $10 million. No personal guarantee or collateral can be required to get the loans between February 15, 2020 and June 30, 2020. There are no penalties allowed for prepayment of the loans. The Federal government will collect no administration fees. Interest rates are capped at 4% Fees for banks: The government will pay the bankers processing fees of 5% for loans under $350,000, 3% for loans between $350,000 and $2 million, and 1% of loans over $2 million. Loan payments must be allowed to be deferred - so no required payments of principal, interest, or fees - for at least 6 months and up to one year. The loans are allowed to be sold on the secondary market, but if the investor doesn’t want to abide by the deferment requirements, the government can buy the loan. Banks are going to be exempted from some disclosure requirements for these loans. The law authorizes $349 billion for this program. Sec. 1106: The loans from Section 1102 are eligible for forgiveness - as in you don’t have to pay them back - if the loan money was used for payroll costs, interest-only on mortgage payments (it specifically excludes payments towards the principal on a mortgage loan), rent payments, and/or utility payments. The government will pay the bankers for amount of the loan forgiven plus interest, capped at the amount of the principal on the loan. The amount of loan forgiveness will be reduced if the business employees fewer people during the COVID-19 crisis than they did before. The amount of forgiveness will be reduced by the amount of salary that employees who make less than $100,000/yr have their pay reduced beyond a 25% cut. Businesses can get loan forgiveness for extra money given to tipped employees. Businesses who re-hire their employees or re-instate employees salary to their pre-crisis level by June 30, 2020 will be eligible to have their loans forgiven. The banks will decide who will have their loans forgiven and banks are prohibited from being punished if the documentation submitted to them is wrong until June 30, 2020. Sec. 1110: From January 31, 2020 through December 31, 2020, businesses with fewer than 500 employees, sole proprietorships, and independent contractors can request a $10,000 advance to pay for employee sick leave, payroll, increased costs for materials, rent, or mortgage payments. The business can be approved using a credit score or self certification of the ability to repay. The advance can be up to $10,000 and must be paid within 3 days. If the applicant is approved for a loan, the advance will be reduced from the loan forgiveness amount. If the applicant isn’t approved, the advance doesn’t have to be repaid. $10 billion is appropriated for the advances. Sec. 1112: The government will pay the principal, interest, and fees for six months on some existing loans that are guaranteed by the government by the Small Business Act. $17 billion is appropriated for these payments. Sec. 1113: Until March 27, 2021, small businesses that want to declare bankruptcy and reorganize under Chapter 11 must have debts under $7.5 million instead of $2,725,625 as is usually the case, which increases the number of small businesses that will be eligible. TITLE II - Assistance for American Workers, Families, and Businesses SUBTITLE A: Unemployment Insurance Provisions Sec. 2102: Pandemic Unemployment Assistance Who qualifies: People who would qualify under existing State laws People who self-certify that are able to work except that the person has been diagnosed with COVID-19, someone in their home has been diagnosed with COVID-19, they are caring for someone with COVID-19, has a child whose daycare or school is closed due to COVID-19, can’t get to work because of a COVID-19 quarantine, their work is closed due to COVID-19, or they are self employed. People who do not qualify are people who have the ability to telework with pay or people who are receiving paid sick leave or other paid leave benefits Effective period: Beginning on or after January 27, 2020 and ending on or before December 31, 2020 Limits: No one can get unemployment benefits for more than 39 weeks, but this can be extended by the Secretary of Labor if needed Sec. 2104: Unemployment Amounts: It’s the amount determined by your state’s unemployment law plus $600 per week if the state chooses to enter into an agreement with the Secretary of Labor. The Federal government will pay for 100% of the costs of the extra unemployment payments and the administration costs. It’s an unlimited appropriation and it’s valid until July 31, 2020. SUBTITLE B: Rebates and Other Individual Provisions Sec. 2201: Issues a means tested “advanced refund" of $1,200 per adult and $500 per child. You only get the full amount as an adult if you make $75,000 per adult or less. People who make more than $75,000 per adult will have their check amount reduced based on their income up to about $100,000. People who make more than that will get nothing. The payment will be delivered via direct deposit to anyone who has authorized the IRS to do so since January 1, 2018 while everyone else will have to wait for checks. If we accidentally get overpaid, the IRS can’t charge us interest on that payment. The payments will be made for the 2019 tax year if you have already done your taxes for last year. If you haven’t, it’ll be based on 2018. They will send a notification in the mail to us about our payments to our last known address, which will tell us the amount and if it’s going to be delivered via direct deposit or by check. Sec. 2202: Waives rules that penalize removing money from your retirement accounts if you take the money out between January 1, 2020 and December 31, 2020.. You can take out up $100,000 in “coronavirus-related distributions”. You are allowed to pay it back in full for 3 years starting on the day you took the money out. To qualify, you have to self certify that you are someone who had COVID-19, is caring for a spouse or dependent who had COVID-19, or someone who was financially screwed in some way due to being quarantined, having work hours reduced, or having to care for a child. Sec. 2203: Waives the requirements that people over the age of 72, or their dependents who inherited their retirement accounts, to withdraw some money from the retirement accounts every year. The waiver is valid even for people who were not adversely affected by COVID-19. Sec. 2204: Allows people - even those that don’t itemize their deductions - to deduct $300 in donations in 2020 for cash payments given to charities, a government organization, educational organizations, veterans organizations… There’s a long list. Applies to taxable years starting with 2020. Sec. 2205: For people who do itemize their deductions, the current limit of cash contributions than can be written off (which is a maximum of 60% of the taxpayer’s tax bill for the year) is suspended. You can deduct up to your entire tax bill, although maybe even more because carry-overs are allowed. For corporations, the usual limit of cash contributions that can be written off (10% of the corporation’s income) is increased to 25% of the corporation’s income. The corporate limit increase is valid only in 2020. Sec. 2206: Allows employers to pay for some of an employee’s student loan - principal and/or interest - tax free if the payment is made by January 1, 2021. SUBTITLE C - Business provisions Sec. 2301: Employers with more than 100 employees will be able to get a tax credit for half of the wages they pay to their employee’s who can’t work, with a limit of $10,000 per employee per quarter. Employer with fewer than 100 employees can get the tax credit for all their employees. Employers who qualify are ones that had to close due to COVID-19 or whose gross receipts are less than 50% of what they were the same quarter last year. Employers who take out the small business loans created by this law can’t get this credit too. They will lose this tax credit in the quarter after their gross receipts are more than 80% of what they were in same quarter the prior year. This is predicted to save companies $54.6 billion. Sec. 2302: Allows employers to defer payroll taxes, with half the amount required to be paid by December 31, 2021 and the other half due by December 31, 2022. Businesses that have had loans forgiven using the provisions in this law are not eligible. Sec. 2303: The IRS code has, for many years, allowed business losses to be carried over to following years, so that the companies tax liability will be lower in the years to come. This law changes that so business losses from 2018, 2019, 2020, and 2021 can be carried backwards to each of the five years before the loss while also allowing the existing option to carry the losses forward too. The law also removes the limit that said that this couldn’t be done to offset more than 80% of taxable income for 2018, 2019, or 2020, which means this can be used to zero out their taxable income for years since 2013. This means that companies will be able to get refunds on taxes they paid on taxes going as far back as 2013. In those years, corporate tax rates were higher, so reducing their income levels retroactively lets them get more money back from those higher tax years. There’s no requirement that the businesses that get this tax gift be in any way negatively affected by COVID-19. This is estimated to provide $25.5 billion to corporations Sec. 2304: Prior to the 2017 tax cut law, individual taxpayers could deduct unlimited business losses against other kinds of income. The 2017 tax law changed that so that losses could only be used to shelter the first $250,000 or $500,000 of a married couple’s nonbusiness income, such as capital gains from stock market investments. This law retroactively removes new limits imposed by the 2017 tax law going back to 2018 and until 2021. This will allow individuals to submit amended returns and get refunds that weren’t allowed in 2018 and 2019. In reality, this will allow wealthy investors to use losses generated by depreciation in real estate to minimize their taxes on profits from things like investments in the stock market. No harm from COVID-19 needs to be proven in order to use and benefit from this provision. This is the second largest tax giveaway in this law. This is projected to cost almost $170 billion. Sec. 2305: Allows corporations expecting a refund due to the repeal of the alternative minimum tax in 2017 to get that refund faster. Sec. 2306: Increases the amount corporations can deduct on the interest expenses it pays on its loans from 30% of the company’s “adjusted taxable income” to 50%. Companies can do this regardless of any affect COVID-19 had on their business. This is projected to cost $13.4 billion. Sec. 2307: A tax credit for real estate owners, this changes a provision in the 2017 tax law to allow real estate owners to write off the costs of improvements to the interiors of their properties in the first year instead of spreading them out over many years. This is backdated to the enactment of the tax law, which will allow real estate owners to get tax refunds. Sec. 2308: Waives the federal excise tax on any alcohol used in hand sanitizer for calendar year 2020. TITLE III - Supporting America’s Health Care System in the Fight Against the Coronavirus Part 1 - Addressing Supply Shortages Subpart A - Medical Product Supplies Sec. 3101: Orders a report from the National Academies of Sciences, Engineering, and Medicine on the security of the United States medical product supply chain, specifically by evaluating the dependance of the United States and our private sector on critical drugs and devices sources or manufactured outside of the United States. Sec. 3103: Manufacturers of certain types of masks and ventilators are granted immunity from lawsuits during public health emergencies. Subpart B - Mitigating Emergency Drug Shortages Sec. 3112: Requires the manufacturers of drugs critical to the public health to report interruptions to the supply of the drug when the cause of the interruption is an interruption in the supply of the active pharmaceutical ingredient. They must also create and implement risk management plans. Is not effective until mid-September 2020. Subpart C - Preventing Medical Device Shortages Sec. 3121: Requires manufacturers of medical devices that are critical to public health to report to the government during or in advance of a public health emergency any interruptions in the manufacture of the devices that could lead to a meaningful disruption in the supply of that device in the United States. Unless it’s not possible, the government must get this notification at least 6 months prior to the date that the interruption or discontinuance is expected. The government must then distribute the information to appropriate health care industry officials. The government can keep the information from the public if disclosing it increases the likelihood of over-purchase of the product. Part II - Access to Health Care For COVID-19 Patients Subpart A - Coverage of Testing and Preventive Services Sec. 3201: Amends the Families First Coronavirus Response Act (the 2nd COVID-19 Response Law) so that coverage is only for COVID-19 tests that are “approved, cleared, or authorized” or that the developer has requested or intends to request emergency use authorization, is developed in and authorized by a State, or another test that HHS determines appropriate in writing. This provision did not change the language (loophole) that requires visits be covered only if they “result in the ordering or administration of a COVID-19 test.” Sec. 3202: Health care providers must publish on a public internet website the prices for COVID-19 testing. If health insurers have a negotiated rate with a providers, they are allowed to pay that rate if it is lower than the published rate. If there is no negotiated rate, the insurance companies must pay the amount listed on their public website. Sec. 3203: The health insurance companies “shall” be required to cover, without cost sharing, “any qualifying coronavirus preventive service” (which is “a service or immunization that is intended to prevent or mitigate coronavirus disease 2019) within 15 days of it’s official recommendation by the United States Preventive Services Task Force or the Advisory Committee on Immunization Practices of the Centers for Disease Control and Prevention. Subpart B - Support for Health Care Providers Sec. 3211: Provides $1.32 billion in extra funding for community health centers that are testing for COVID-19 Sec. 3215: Gives legal immunity in State and Federal courts to medical professionals who volunteer and provide services during the COVID-19 public health emergency declared on January 31, 2020, but the immunity is only valid for actions that took place after March 27th (the date of enactment). The immunity is not valid if the health care professional acted with willful or gross negligence or if the health professional was intoxicated by drugs or alcohol. Subpart C - Miscellaneous Provisions Sec. 3222: Elderly people who are homebound due to social distancing requirements during the COVID-19 emergency will be able to get government food deliveries as if they were homebound due to illness, as the law usually requires. Part III - Innovation Sec. 3301: Allows contracts created by BARDA (the Biomedical Advanced Research and Development Authority) during a public health emergency to continue past the end date of the public health emergency. Sec. 3302: Requires - no option - the Secretary of Health and Human Services to expedite the development and review of new animal drugs if preliminary clinical evidence indicates that the new drug might prevent or treat an animal disease that could cause serious or life-threatening diseases in humans, if the expedited process is requested by the organization creating the animal drug. Part IV - Health Care Workforce Sec. 3401: Appropriates $23.7 million per year through 2025 for grants to health professions schools and other public and nonprofit health or educational organizations, but with most of the grants being funded at significantly lower rates than they were during the Obama years. For example, for loan repayments and fellowships, they provided $5 million/yr during 2010-2014; that’s decreased to $1.2 million for 2021-2025. For educational assistance for people from disadvantaged backgrounds, they provided $60 million/yr during 2010-2014; that’s decreased to $15 million for 2021-2025. For grants to public and nonprofit private hospitals and medical schools, they provided $125 million/yr during 2010-2014; that’s decreased to under $49 million for 2021-2025. For health education center programs, they provided $125 million/yr during 2010-2014; that’s decreased to under $41.2 million for 2021-2025. For public health training centers, they provided at least $43 million/yr for 2012-2015; that’s decreased to $17 million for 2021-2025. The only category that gets significantly greater funding is a pediatric specialty loan repayment program that requires the student to work for at least 2 years in pediatric medicine to get the money. The funding level was $50 million/yr from 2010-2013, the funding is authorized to be unlimited from 2021 through 2025. All of these are authorizations for appropriations, they don’t provide any additional money. Sec. 3403: Requires grants and contracts be awarded for a Geriatrics Workforce Enhancement Program, that would train health professionals in geriatrics. The law authorizes about $40 million, but doesn’t appropriate it. This is a problem because Congress frequently will authorize programs they have no intention of funding, and without the funding, they don’t really exist. Sec. 3404: Authorizes appropriations, but does not appropriate, for nursing eduction programs about $138 million/yr for fiscal years 2021 through 2025, which is a decrease from the funding of $338 million that was valid from 2011-2016. Also authorizes, but does not appropriate, $117 million/yr from 2021-2015 for nursing student loans. Subtitle B - Education Provisions Sec. 3503: Through 2021, the requirement that all colleges match Federal funding for student work-study programs) is waived except for private for-profit organizations. Sec. 3504: Colleges will be allowed to use some of their federal Supplemental Educational Opportunity Grant money for students facing “unexpected expenses and unmet financial need”. The student can be given up to the maximum Federal Pell Grant for that year (which is currently $6,345). Sec. 3505: Allows colleges to pay student their work-study wages up to the full amount they would have been paid had there not been an emergency. They can make the payments in one-time grants or as multiple payments. Sec. 3506: The semester that students with loans couldn’t finish because of COVID-19 will not be counted towards their lifetime limits on subsidized loan eligibility. Sec. 3507: The semester that students with loans couldn’t finish because of COVID-19 will not be counted towards their lifetime limits on Pell Grant eligibility. Sec. 3508: Colleges, including for-profit colleges, that have students with loans withdraw from their schools due to COVID-19 will not have to repay the money they received from that student. The students will not have to return the money either and their loan obligation will be cancelled. The schools are allowed to let the student return after a leave of absence. Sec. 3511: Gives the Secretary of Education the option, at the request of a State, local, or tribal government, to waive statutory and regulatory requirements except for civli rights laws. The waivers may also be granted to charter schools. The waivers will not be valid past the 2019-2020 school year. Sec. 3512: During the COVID-19 emergency, the Secretary of Education can make payments - including on principal and interest - on loans issued to historically black colleges and universities through the HBCU Capital Financing Loan program, but the payments will have to be repaid to the Department of Education no sooner than one year after the COVID-19 emergency ends. The law appropriates $62 million. Sec. 3513: The Secretary of Education is required to suspend all payments due for student loans until September 30, 2020. Interest is not allowed to accrue during the suspension time. Each month during the suspicion must be treated as if the payments were made for the purpose of loan forgiveness programs. During the suspension period, student loan collections actions including wage garnishment and tax refund reductions must stop. People with student loans are allowed to keep making payments towards their principal. Sec. 3518: Allows the Secretary of Education to change the requirements, including matching requirements, for grant money given to colleges for the year of the emergency and the following fiscal year. Sec. 3519: Allows the Secretary of Education to excuse teachers from obligations they made to receive grants. The Secretary of Education is required to waive requirements that teaching service be consecutive for loan forgiveness as long as the teach completes a total of 5 years of required teaching service. Subtitle C - Labor Provisions Sec. 3606: Allows employers who will get a credit for the sick and family leave they are providing their employees to get that credit in advance. Sec. 3608: Required payments to employee pension plans can be postponed until January 1, 2021, but they must be paid with interest. Sec. 3610: Allows any government agency to change their contracts to allow the government to pay for up to 40 hours per week of paid leave that a contractor provides to its employees until September 30, 2020. This only applies to contractors who can’t work because the facilities where they work are closed and who can’t do their work remotely. Subtitle D - Finance Committee Sec. 3701: High deductible health insurance plans that do not include deductibles for telehealth services will still be considered high deductible plans. Sec. 3702: Starting on January 1, 2020, menstrual care products are considered medical products, which allows people to purchase them with Health Savings Accounts. Sec. 3703: Allows people on Medicare to be covered for telehealth visits to doctors they have not seen before. Sec. 3705: During the COVID-19 emergency, dialysis patients who receive their treatments at home do not need to meet face to face with their doctors, which allows the visit to be conducted via telehealth. Sec. 3706: The Secretary of Health and Human Services can allow hospice physicians or nurse practitioners to conduct patient visits via telehealth during the COVID-19 emergency Sec. 3709: Stops the 2% Medicare sequestration from May 1, 2020 through December 31, 2020, but extends sequestration for an extra year (to 2030 instead of 2029) Sec. 3710: Medicare will pay an extra 20% for people diagnosed with COVID-19, using “diagnosis codes, condition codes, or other such means as may be necessary” during the emergency period declared by the Secretary of Health and Human Services. Sec. 3713: Beginning on the day that a COVID-19 vaccine is licensed, Medicare will not charge a deductible for the the vaccine or its administration. Sec. 3714: Allows people on Medicare to get 90 day supplies of their drugs in a single refill for the during of the COVID-19 emergency declared by the HHS Secretary. Sec. 3719: During the emergency period, the Secretary of HHS can loan hospitals an advance of up to 6 months of Medicare payments. The payments can be made periodically or in a lump sum for up to 100% of the their usual payments, 125% for critical access hospitals. Hospitals will have to be given 120 days before any payments are decreased to offset the loans and must be given at least 1 year from the date of their first loan receipt to pay back the balance in full. Subtitle E: Health and Human Services Extenders Part I - Medicare Provisions Sec. 3803: Restores the funding levels of recently gutted low income programs. $13 billion to state health insurance programs, $7.5 billion to area agencies on aging, and $5 billion for aging and disability resources centers, and $12 billion for the National Center for Benefits and Outreach Enrollment. Part II - Medicaid Provisions Sec. 3813: Delays $4 billion in payment cuts to hospitals written into the Affordable Care Act which were supposed to begin in 2014. Hospitals were expected to be treating fewer uninsured individuals when the cuts were written into law. Part III - Human Services and Other Health Programs Sec. 3821: Extends the “Sexual Risk Avoidance Education Program” (abstinence eduction) from its scheduled end of May 22, 2020 to November 30, 2020. The program gives grants to states that agree to promote abstinence-only sex ed. Requirements and funding levels Sec. 3822: Extends the “Personal Responsibility Education Program” from its scheduled end of May 22, 2020 to November 30, 2020. Requirements and funding Part IV - Public Health Provisions Sec. 3831: Adds $1.5 billion to the funding for Community Health Centers to bring the funding to equal the 2019 funding, and funds them at the same rate through November 30, 2020. Adds $241 million to the funding for the National Health Service Corps, whose funding was allowed to lapse in December 2019, restoring its funding to equal the 2019 funding. Adds $45 million to teaching health centers that operate graduate medical programs to bring the funding to equal the 2019 funding, and funds them at the same rate through November 30, 2020. Subtitle F - Over the Counter Drugs Part 1 - OTC Drug Review Sec. 3851: Creates a new process for FDA approval of over the counter drug applications. Allows the Secretary of Health and Human Services to issue administrative orders to approve changes and new uses of over the counter drugs instead of requiring drug companies to go through the standard review process that takes longer. Companies whose applications are approved will get 18 month exclusivity on their drugs. Sec. 3854: Allows sunscreen companies with products affected by a pending FDA order to request that the HHS Secretary instead use the new, faster, less complete administrative order process created by Section 3851 for over the counter drugs. They must make this request by mid September 2020. Administrative orders issued by the HHS Secretary will be “deemed to be a final order”. As part of this process, the company may request and the HHS Secretary must conduct a “confidential meeting” with the company to discuss what data they should submit to show that their ingredients are safe and effective. Part II - User Fees Sec. 3862: Beginning in fiscal year 2021, to fund the new processes for over the counter drug approvals created by Section 3851, facilities that manufacture over the counter drugs will be assessed an annual fee and there will be either a $500,000 or $100,000 fee for requests to change drug monographs using the process created by Section 3851. Companies will not have to pay the fee if they are requesting changes to enhance warnings or instructions on the labels. TITLE IV - Economic Stabilization and Assistance to Severely Distressed Sectors of the United States Economy Subtitle A - Coronavirus Economic Stabilization Act of 2020 Sec. 4002: Defines a “covered loss” as “losses directly or indirectly as a result of coronavirus, as determined by the Secretary”, with “the Secretary” being Treasury Secretary Steven Mnuchin. “Eligible business” is an air carrier or “a United States business that has not otherwise received adequate economic relief in the form of loans or loan guarantees provided under this Act” Sec. 4003: Gives the Secretary of the Treasury the authorization to “make loans, loan guarantees and other investments” to "eligible businesses”, States, and local governments up to a total of $500 billion dollars. $46 billion must be directed at the airline industry and $454 billion will be loans, loan guarantees, and “other investments” determined by the Board of Governors of the Federal Reserve. Sec. 4004: Limits the amount of money that an employee of a business that gets a Treasury Department loan to $3 million plus half of whatever they got over $3 million in 2019 for the length of the loan plus one year. Sec. 4005: Until March 1, 2022, the Secretary of Transportation will have the authority to require any airline that takes loan money to maintain their flight schedules, as the Secretary of Transportation determines is needed. Sec. 4007: Suspends a 7.5% Federal excise tax on airlines from March 27, 2020 through the end of the year. Sec. 4008: Amends the Dodd Frank Wall Street Reform law to allow the FDIC to provide insurance for all accounts of banks that don’t accrue interest until December 31, 2020. Sec. 4009: Between March 13, 2020 and either the end of the COVID-19 emergency or December 31, 2020, the Board of Governors of the Federal Reserve is exempt from requirements that they give the public a day’s notice before their meetings and that they make public the minutes of their behind closed doors meetings. They must only keep a record of their votes and reasons for their votes which might be released to the public later (there’s no requirement that they be released). Sec. 4011: Allows unlimited lending to “nonbank financial institutions” such as insurance companies, venture capitalists, currency exchanges, and pawn shops until the end of the emergency declared on March 13 or until December 31, 2020. Sec. 4012: Lowers the amount of actual money that community banks must have in their possession from 9% to 8%, and gives the banks with less than that a “reasonable grace period” to get the money. This is valid until the end of the emergency declared on March 13 or until December 31, 2020. Sec. 4013: Allows banks to avoid counting troubled loans as troubled on their balance sheets from March 1, 2020 through December 31, 2020 or 60 days after the emergency declared on March 13th ends. Sec. 4014: Exempts banks from relatively new reporting requirements on their credit losses from March 27, 2020 through the end of the emergency declared on March 13 or December 31, 2020. Sec. 4015: Allows the Treasury Department to use its Exchange Stabilization Fund (which had $93.7 billion in it as of February 2020) to get around needing Congressional appropriations to cover any losses the Federal Reserve may need to absorb through its lending programs that allow unusual collateral to be offered like money market funds, corporate bonds, and securities. Sec. 4017: Increases the President’s power to use the Defense Production Act by waiving the requirement for Congressional authorization for projects that cost more than $50 million for two years and waives the requirement that Congress needs 30 days advanced notice before a Defense Production Act project can start for 1 year. Sec. 4018: Creates an Inspector General within the Treasury Department who will be appointed by the President. Says that when the Inspector General requests information, the agencies “shall, to the extent practicable” give him the information or else they will be reported to Congress. Sec. 4019: Prohibits loans or payments originating from the Treasury and Federal Reserve authorized by Section 4003 from going to any company in which the President, Vice President, an executive department head, member of Congress or their spouses, children, or son/daughter in laws own over 20% of the voting stock. Sec. 4020: Creates a Congressional Oversight Commission whose job is to conduct oversight of the implementation of this law by the Treasury Department and Federal Reserve. The commission will have five members: 1 appointed by the Speaker of the House (Nancy Pelosi), 1 appointed by the House minority leader (Kevin McCarthy), 1 appointed by the Senate majority leader (Mitch McConnell), 1 appointed by the Senate minority leader (Chuck Schumer), and 1 Chairperson co-appointed by the Speaker and Majority Leader (Pelosi and McConnell). Sec. 4021: Companies that allow customers to adjust their payment schedules have to report that the customer is current on their payments unless their accounts are already delinquent. This is valid from January 31, 2020 through either the end of July 2020 or 4 months after the emergency declared on March 13th ends Sec. 4022: People with Federally backed mortgages who have been affected by COVID-19 “directly or indirectly” can request and must be granted for a pause in loan payments for a maximum of about a year, but you have to request it twice (again after the first 180 days). Interest and fees will still accrue but they can’t charge any extra interest, penalties, or fees. Customers have to provide no proof of hardship. Prohibits the banks that manage Federally backed loans from moving forward with any foreclosure processes until mid-May 2020 (60 days after March 18, 2020). Sec. 4023: People/companies that own multifamily housing with 5 or more units with Federally backed mortgages who have been affected by COVID-19 “directly or indirectly” can request and must be granted for a pause in loan payments. The forbearance (pause) can be for a total of 90 days as long as the building owner requests it three times with at least 15 days notice. People who get this pause are not allowed to evict their tenants or charge them any late fees during the mortgage payment pause. Sec. 4024: Starting on March 27, 2020 and ending in late July 2020, landlords can not begin eviction proceedings for non-payment of rent or charge fees or penalties for not paying rent. Sec. 4025: Prohibits the government from attaching a string to a loan or loan guarantee that requires the business to negotiate with unions over worker pay or conditions of employment. This is valid starting on the day the business is first issued the loan and ending a year after the loan is paid off. Sec. 4026: Within 72 hours of each transaction, the Treasury Secretary must publish on the Treasury Department website a description of the transaction, the date, and the “identity of the counterparty”, the amount of the loan/guarantee/investment, how the price was determined, the interest rate, conditions, and a copy of the final term sheet. The Treasury Secretary also has to report any contracts entered into for the administration of loans or guarantees within 24 hours after the contract is entered into. The Federal Reserve has to issue reports to Congress that will have to be made public on their website within 7 days of the report being delivered to Congress. Sec. 4027: Appropriates $500 billion Sec. 4029: The authorities given to the Treasury Secretary and Board of Governors of the Federal Reserve to make loans, loan guarantees, and “investments” in businesses and banks will expire on December 31, 2020. Subtitle B - Air Carrier Worker Support Sec. 4112: The Secretary of the Treasury “shall” give money to airlines and the contractors that work with them which “shall exclusively be used for the continuation of payment of employee wages, salaries, and benefits”. Passenger air carriers will get $25 billion, cargo airlines $4 billion, and contractors will get $3 billion. Sec. 4113: The employees will have to be paid whatever rate they were paid from April 1, 2019 through September 30, 2019. Steven Mnuchin will decide all terms and conditions, other than the ones set by section 4114, 4115, and 4116. The payments have to start to be made within 10 days of enactment. The Inspector General of the Treasury Department will have to audit the certifications made by the companies about employee salary and benefit rates. Sec. 4114: Airlines or contractors that take the money can’t furlough their workers or reduce their wages or benefits until September 30, 2020, they can’t buy stock in their company or parent company, or pay out dividends. The Secretary of Transportation is also given authorization until March 1, 2022 to require only airlines or contractors that take the money to continue service to anywhere that they served as of March 1, 2020. Sec. 4115: Prohibits the government from attaching a string to a loan or loan guarantee that requires the airline or contractor to negotiate with unions over worker pay or conditions of employment. This is valid starting on the day the business is first issued the loan and ending on September 30, 2020. Sec. 4116: From March 24, 2020 through March 24, 2022, any airline or contractor that takes the money has to agree that no employee who made more than $425,000 in 2019 will be paid more than what they were paid in 2019, or will receive more than double their 2019 pay as a severance package. Employees that were paid more than $3 million can’t be paid more than $3 million plus half of the amount they were paid over $3 million in 2019. This includes salary, bonuses, stock awards and “other financial benefits”. Sec. 4117: The Treasury Secretary is allowed, but not required, to accept stock and securities and other “financial instruments” from the airlines and contractors. Sec. 4120: Appropriates $32 billion. TITLE V - Coronavirus Relief Funds Sec. 5001: Appropriates $150 billion for State, tribal and local governments. Amounts will be determined by population but each state will get at least $1.25 billion. Washington D.C. is treated as a territory and all territories will split $3 billion. Tribal governments will split $8 billion. Steven Mnuchin will decide how the tribal government money will be divided. The Inspector General of the Treasury must investigate the receipt, disbursement, and use of funds. TITLE VI - Miscellaneous Provisions Sec. 6001: Allows the Postal Service to borrow $10 billion from the Treasury Department. Division B - Emergency Appropriations for Coronavirus Health Response and Agency Operations Bureau of Prisons Sec. 12003: The Secretary of Health and Human Services “shall appropriately consider” distributing personal protective equipment and test kits to the Bureau of Prisons for use by inmates and staff. Sec. 12005: Authorizes and appropriates $300 million that the Secretary of Commerce can use for direct payments to subsistence, commercial, and charter fishery businesses. Department of Energy Sec. 14002: Extends the authority for the Secretary of Energy to sell oil from the strategic petroleum reserve and gives the Department of Energy the authority to sell $900 million worth of oil from the Strategic Petroleum Reserve, $450 million in 2021 and 2022, on top of the $450 million they can sell in 2020. The Judiciary Sec. 15002: Allows for criminal proceedings to be conducted via video teleconferencing until 30 days after the national emergency declaration terminates. It will only be allowed with the consent of the defendant or juvenile after they talk to a lawyer. Election Security Grants Provides $400 million to prepare for the 2020 Federal election cycle, domestically or internationally. The money must be given by the Election Assistance Commission to the states within 30 days. There is no direction on how the money is divided among states. The states have to submit reports on how they use the money. Money not used by December 31, 2020 has to be returned to the Treasury. Pandemic Response Accountability Committee Sec. 15010: Creates a Pandemic Response Accountability Committee that will investigate and report on the use of COVID-19 funds through September 2025. The committee will be operated by two full time paid employees and the other members will be inspectors generals from at least 9 federal agencies. The committee will have enforceable subpoena power. The committee is allowed, but not required, to hold public hearings. The committee will have a public website that is required to provide their findings, data, some contracting information, division of COVID-19 funds by state and congressional district, agency plans for use of funds, all recommendations made to the agencies, etc. Department of Homeland Security Sec. 16004: Prohibits the Department of Homeland Security from transferring War on Terror funds for the COVID-19 efforts. Sec. 16006: The Secretary of Homeland Security must extend the REAL-ID deadline until at least September 30, 2021. Department of Health and Human Services Public Health and Social Services Emergency Fund Provides an additional $27 billion for “developing necessary countermeasures and vaccines, prioritizing platform-based technologies with US based manufacturing capabilities, the purchase of vaccines, therapeutics, diagnostics, and necessary medical supplies”. Products purchased by the Federal government must be purchased in accordance with regulations on fair and reasonable pricing, ensuring affordability in the commercial market is optional. The HHS Secretary can not take any action that would slow down the development of the products. $16 billion can be spent on purchasing items for the Strategic National Stockpile. Funds can be used to construct or renovate “US based next generation manufacturing facilities, other than facilities owned by the United States government” in addition to the authority to construct or renovate private facilities that manufacture vaccines, therapeutics, and diagnostics. Adds an additional $100 billion to reimburse health care providers - public, private, and for profit - for COVID-19 expenses. Sec. 18115: Every lab that performs or analyzes a COVID-19 test must report the result of each test to the Secretary of Health and Human Services until the end of the HHS Secretary’s public health declaration with respect of COVID-19. State Department Sec. 21012: Provides $3 billion for the International Development Association (World Bank), $7.3 billion for the African Development Bank, and authorizes the Treasury “to make loans in an amount not to exceed the dollar equivalent 28,202,470,000 of Special Drawing Rights (which is approximately $38.5 billion as of April 21, 2020) OTC Drugs Bill Information Article: H.R.3443 - Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, Congress.gov Article: S.2740 - Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, Congress.gov Article: Roll Call Vote 116th Congress - 1st Session On Passage of the Bill (S. 2740), United States Senate, December 10, 2019 Bill Profile: H.R.3443: Clients Lobbying on H.R.3443: Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, OpenSecrets.org Bill Profile: H.R.3443: Lobbyists lobbying on H.R.3443: Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, OpenSecrets.org Sen. Johnny Isakson - Georgia: Top Industries 1995 - 2020, OpenSecrets.org Sen. Lamar Alexander - Tennessee: Top Industries 1995 - 2020, OpenSecrets.org Articles/Documents Update: Message from Jennifer Roberts, CEO of Chase Business Banking Chase Banking, April 23, 2020 Article: Hard-hit restaurants, gyms and other businesses are battling insurers over the coronavirus, sparking a new Washington lobbying war By Tom Hamburger and Tony Romm, The Washington Post, April 22, 2020 Article: Pelosi says Shall will stay on oversight commission after failure to disclose stock sales by Jeremy Herb and Lauren Fox, CNN, April 22, 2020. Article: Vaccine Chief Says He Was Removed After Questioning Drug Trump Promoted The New York Times, April 22, 2020 Article: Highlights of the Nearly $500B Coronavirus Relief Bill The New York Times, April 21, 2020 Article: Publicly traded firms get $365M in small-business loans By REESE DUNKLIN, JUSTIN PRITCHARD, JUSTIN MYERS and KRYSTA FAURIA, Associated Press, April 21, 2020 Article: Restaurants’ bailout problem: Unemployment pays more By IAN KULLGREN, Politico, April 20, 2020 Article: Medical Staffing Companies Cut Doctors’ Pay While Spending Millions on Political Ads By Isaac Arnsdorf, ProPublica, April 20, 2020 Article: The coronavirus could force more doctors to sell — or shutter By Bob Herman, Axios, April 20, 2020 Article: Chase and other banks shuffled Paycheck Protection Program small business applications, lawsuit says By Dalvin Brown, USA Today, April 20, 2020 Article: Shake Shack returning $10 million government loan meant for small businesses By Stephanie Ruhle and Alex Johnson, NBC News, April 20, 2020 Article: WTI crude price goes negative for the first time in history By Cameron Wallace, World Oil, April 20, 2020 Article: In Race for Small-Business Loans, Winning Hinged on Where Firms Bank By Ruth Simon and Peter Rudegeair, The Wall Street Journal, April 20, 2020 Article: Zoom's Security Woes Were No Secret to Business Partners Like Dropbox By Natasha Singer and Nicole Perlroth, The New York Times, April 20, 2020 Article: A raw deal By Judd Legum, Popular Information, April 20, 2020 Article: The Trickle-Up Bailout By Matt Taibbi, Taibbi, April 17, 2020 Article: Donna Shalala Selection Makes a Mockery of Bailout Oversight Panel by David Dayen, The American Prospect, April 18, 2020. Press Release: Pelosi Appoints Congresswoman Donna Shalala to Congressional Oversight Commission of the CARES Act, April 17, 2020. Article: Ruth’s Chris Steak House Gets $20 Million From Coronavirus Aid Program By Charity L. Scott, The Wall Street Journal, April 17, 2020 Article: The COVID-19 Bailout That’s Left Every Hospital Unhappy In Its Own Way By Rachana Pradhan and Lauren Weber, Kaiser Health News, April 16, 2020 Article: I’m Overseeing the Coronavirus Relief Bill. The Strings Aren’t Attached. By Bharat Ramamurti, The New York Times, April 16, 2020 Article: House lawmakers indefinitely postpone return to Washington By Mike Lillis and Scott Wong, The Hill, April 16, 2020 Article: Paycheck Protection Program out of money: Thousands of small businesses shut out By Stephen Gandel, CBS News, April 16, 2020 Article: Here Are the Contracts Showing How $4.5 Trillion in Stimulus Was Outsourced to Wall Street By Pam Martens and Russ Martens, Wall Street on Parade, April 16, 2020 Article: Most Patients Undergoing Ground And Air Ambulance Transportation Receive Sizable Out-Of-Network Bills By Karan R. Chhabra, Keegan McGuire, Kyle H. Sheetz, John W. Scott, Ushapoorna Nuliyalu, and Andrew M. Ryan, HealthAffairs, April 15, 2020 Article: Renters Are Being Forced From Their Homes Despite Eviction Moratoriums Meant to Protect Them By Alana Semuels, Time, April 15, 2020 Article: One Person is Overseeing Congress's Bailout Loans. He Wants Answers. by Alan Rappeport, New York Times, April 15, 2020. Article: Policy Memo: Federal Reserve Lending Facilities for Private Companies and Securitizations Americans for Financial Reform, April 15, 2020 Article: Hedge Fund Managers Claiming Bailouts as Small Businesses By Katherine Burton and Joshua Fineman, Bloomberg, April 14, 2020 Article: Rural hospitals shut out of stimulus loans face financial crisis By Rachel Roubein, Politico, April 14, 2020 Article: Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds By Jeff Stein, The Washington Post, April 14, 2020 Article: WHITEHOUSE, DOGGETT RELEASE NEW ANALYSIS SHOWING GOP TAX PROVISIONS IN CARES ACT OVERWHELMINGLY BENEFIT MILLION-DOLLAR-PLUS EARNERS Sheldon Whitehouse, U.S. Senator for Rhode Island, April 14, 2020 Article: Your Coronavirus Check Is Coming. Your Bank Can Grab It. By David Dayen, American Prospect, April 14, 2020 Article: Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds By Jeff Stein, The Washington Post, April 14, 2020 Article: How Some Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million By Shahar Ziv, Forbes, April 14, 2020 Article: Stimulus Oversight Panel Has One Person Trying to Watch $2.2 Trillion Alone By Joshua Green, Bloomberg, April 14, 2020 Article: Coronavirus antibody testing must be covered free of charge, feds say By Stefan Becket, CBS News, April 13, 2020 Article: Unsanitized: Meet The Corporate Bailout’s First Policeman By David Dayen, American Prospect, April 13, 2020 Article: Who's getting these hundreds of billions in government aid? For now, the public may be in the dark By Peter Whoriskey and Heather Long, The Washington Post, April 13, 2020 Article: CARES Act Package Ushers in Changes to OTC Drug Review Process Duane Morris, April 13, 2020 Article: Commission calls for review of election security standards By Tom Temin, Federal News Network, April 13, 2020 Article: Medical Staffing Companies Owned by Rich Investors Cut Doctor Pay and Now Want Bailout Money By Isaac Arnsdorf, ProPublica, April 10, 2020 Article: Furor Erupts: Billions Going To Hospitals Based On Medicare Billings, Not COVID-19 By Jay Hancock and Phil Galewitz and Elizabeth Lucas, Kaiser Health News, April 10, 2020 Article: Providers Begin Receiving $30B in Emergency Funding from HHS, Plus Newly Suspended State Regs Home Care Association of New York State Blog, April 10, 2020 Article: The Colleges Getting The Most Money From The Stimulus Bill By Wesley Whistle, Forbes, April 10, 2020 Article: It is Not All About the Coronavirus: The CARES Act Brings Long-Awaited Over-the-Counter (OTC) Monograph Reform By Genevieve Razick and Carolina Wirth, Arnall Golden Gregory LLP, JDSUPRA, April 10, 2020 Article: Unsanitized: Federal Reserve Rescue Is the Best Rescue By David Dayen, The American Prospect, April 10, 2020 Article: The Fed’s ‘Main Street’ Mistake Wall Street Journal, April 9, 2020 Article: Exclusive: These for-profit colleges could reap up to $1 billion in federal bailout money By Matt Smith, Market Watch, April 9, 2020 Article: Fed's balance sheet swells to record $6.13 trillion By Jonnelle Marte and Ann Saphir, Reuters, April 9, 2020 Article: 'Extremely Alarming': Coronavirus Stimulus Law Allows the Federal Reserve to Hold Secret Meetings on Corporate Bailouts By Jake Johnson, Common Dreams, April 9, 2020 Article: Congress Must Have Skipped the First Three Seasons of Trump Reality Show By Eleanor Eagan, The American Prospect, April 9, 2020 Alert: U.S. CARES ACT ENABLES LONG-AWAITED OTC DRUG REGULATORY MODERNIZATION: KEY HIGHLIGHTS By Brian Burgess and Julie Tibbets, Goodwin, April 8, 2020 Article: Coronavirus: CMS approves nearly $34 billion in accelerated/advance payments to healthcare providers By Keith A. Reynolds, Medical Economics, April 8, 2020 Article: Trump removes inspector general who was to oversee $2 trillion stimulus spending By Ellen Nakashima, The Washington Post, April 7, 2020 Article: Welfare for Wall Street By Nomi Prins, The Nation, April 7, 2020 Article: Congress fixed tax code “retail glitch” and gave real estate a tax windfall By Rich Bockmann and Kevin Sun, The Real Deal, April 7, 2020 Article: Trump removes inspector general who was to oversee $trillion stimulus spending By Ellen Nakashima, The Washington Post, April 7, 2020 Article: Big Restaurant, Hotel Chains Won Exemption to Get Small Business Loans By Bob Davis and Heather Haddon, The Wall Street Journal, April 6, 2020 Article: CARES Act Contains Significant New Over-The-Counter (OTC) Drug Provisions by Charles Andres, Wilson Sonsini, April 6, 2020 Article: Trump’s Aggressive Advocacy of Malaria Drug for Treating Coronavirus Divides Medical Community By Peter Baker, Katie Rogers, David Enrich and Maggie Haberman, The New York Times, April 6, 2020 Article: Private Flights Getting Cheaper Thanks to Stimulus Tax Relief By Katherine Chiglinsky and Tom Metcalf, Bloomberg, April 6, 2020 Article: 2020 CARES Act—FAQs for Nonprofit Organizations and Donors By James P. Joseph Bridget M. Weiss Dana O. Campos, Arnold & Porter, April 6, 2020 Article: What does the CARES Act mean for net operating losses and non-corporate business losses? By Douglas Charnas and Paul Leonard, JDSUPRA, April 3, 2020 Article: Trump announces intent to nominate White House lawyer Brian Miller as inspector general for $2 trillion coronavirus law by Jeff Stein, The Washington Post, April 3, 2020 Letter: Addressed to Secretary of Department of Health and Human Services, Alex Azar By Alexander Sammon, American College of Emergency Physicians, April 3, 2020 Article: Unsanitized: Why Banks Don’t Want to Help Small Businesses By David Dayen, The American Prospect, April 3, 2020 Article: Unsanitized: Aid Package Status Update By David Dayen, The American Prospect, April 2, 2020 Article: It’s Steve Mnuchin’s Economy Now By Alexander Sammon, American Prospect, April 1, 2020 Article: US aims to lease space in emergency oil stockpile, after buying plan canceled, sources say Reuters, April 1, 2020 Article: Trump may rent Strategic Petroleum Reserve storage to U.S. drillers By ARI NATTER, JENNIFER A. DLOUHY AND STEPHEN CUNNINGHAM, World Oil, April 1, 2020 Article: Temporary Waiver of Required Minimum Distribution Rules By Jean McDevitt Bullens, Baker Newman Noyes, April 1, 2020 Article: Unsanitized: It’s the First of the Month By David Dayen, The American Prospect, April 1, 2020 Article: Citigroup CEO Michael Corbat says bank is 'working around the clock' on small business relief program By Hugh Son, The CNBC, April 1, 2020 Article: Tax Savings Opportunities from the CARES Act By John Werlhof, CLA, March 31, 2020 Article: The Relief Package Ushers In Trump's Planned Economy By Matt Stoller, Wired, March 31, 2020 Article: Federal COVID-19 Economic Relief and Its Impact on the Energy Sector: An Overview Energy Alert, Akin Gump Strauss Hauer & Feld LLP, March 31, 2020 Article: Boeing Will Take Aid, Won’t Give Equity Banking Exchange, March 31, 2020 Article: Bailing Out the Bailout By Matt Taibbi, RollingStone, March 31, 2020 Article: US Banks Welcome $2trn Stimulus Package By David White and Zachary Kribs, Kidney News Online, March 30, 2020 Article: CARES Act to Improve Options for People on Home Dialysis By David White and Zachary Kribs, Kidney News Online, March 30, 2020 Statement: FDA on Signing of the COVID-19 Emergency Relief Bill, Including Landmark Over-the-Counter Drug Reform and User Fee Legislation Commissioner of Food and Drugs - Food and Drug Administration - Stephen M. Hahn M.D., U.S. Food & Drug Administration, March 30, 2020 Article: Key Provisions in the CARES Act for Health Care Providers By Health Law Practice - von Briesen & Roper, s.c., The National Law Review, March 30, 2020 Article: CARES On Campus: Stimulus Program & Higher Education By Anne Cartwright and Julie Miceli, JDSUPRA, March 30, 2020 Article: Inside the CARES Act: Changes to the Bankruptcy Code Under the CARES Act By Melissa Anne Peña, The National Law Review, March 29, 2020 Article: Lawmakers Pack Federal Stimulus Bill With Pet Provisions By Brody Mullins and Ted Mann, The Wall Street Journal, March 28, 2020 Press Release: Trump Suggests He Can Gag Inspector General for Stimulus Bailout Program By Charlie Savage, The New York Times, March 27, 2020 Press Release: Statement by the President The White House, March 27, 2020 Article: Unsanitized: The Federal Reserve Loads the Cannon By David Dayen, The American Prospect, March 27, 2020 Article: Inside the talks on the largest U.S. bailout: frantic negotiations, partisan tensions and a Trump tweet By Seung Min Kim, Mike DeBonis, Erica Werner and Paul Kane, The Washington Post, March 27, 2020 Article: Over-the-Counter (OTC) Drug Monograph Process U.S. Food & Drug Administration, March 27, 2020 Article: The Health Care Industry and the CARES Act: Insight and Next Steps Akin Gump Strauss Hauer & Feld LLP, March 27, 2020 Article: Bank Regulatory Provisions in the CARES Act By Robert Klinger, Bryan Cave Leighton Paisner, JDSUPRA, March 27, 2020 Article: Fed Releases Details of BlackRock Deal for Virus Response By Matthew Goldstein, The New York Times, March 27, 2020 Article: Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts By Pam Martens and Russ Martens, CounterPunch, March 27, 2020 Document: Terms of Assignment for BlackRock on Behalf of the Federal Reserve Bank of New York Regarding Secondary Market Corporate Credit Facility New York Fed, March 27, 2020 Press Release: Acting Secretary Chad Wolf Statement on the REAL ID Enforcement Deadline Homeland Security, March 26, 2020 Article: How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion By Jeanna Smialek, The New York Times, March 26, 2020 Article: Unsanitized: The Essential Imbalance of the 2020 Bailout By David Dayen, American Prospect, March 26, 2020 Article: Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package By Jesse Drucker, The New York Times, March 26, 2020 Article: Funding to refill U.S. Strategic Petroleum Reserve cut from stimulus plan By STEPHEN CUNNINGHAM, ARI NATTER AND JENNIFER A. DLOUHY, World Oil, March 25, 2020 Article: Stop the $6 Trillion Coronavirus Corporate Coup! By Matt Stoller, BIG by Matt Stoller, March 25, 2020 Article: Unsanitized: Bailouts, A Tradition Unlike Any Other By David Dayen, American Prospect, March 25, 2020 Article: Fed taps BlackRock to run emergency programs By Dawn Lim, Market Watch, March 25, 2020 Article: Avoid Taxes, Receive Federal Bailouts By Alexander Sammon, American Prospect, March 25, 2020 Document: INVESTMENT MANAGEMENT AGREEMENT New York Fed, March 25, 2020 Article: Fine Print of Stimulus Bill Contains Special Deals for Industries By Eric Lipton and Kenneth P. Vogel, The New York Times, March 25, 2020 Article: Congress to bail out firms that avoided taxes, safety regulations and spent billions boosting their stock By Jonathan O'Connell, The Washington Post, March 25, 2020 Article: 'Completely Dangerous and Unacceptable,' Ocasio-Cortez Says of Impending Senate Recess in Midst of Coronavirus Crisis By Eoin Higgins, Common Dreams, March 25, 2020 Article: Senate leaving DC until April 20 after coronavirus stimulus vote By Jordain Carney, The Hill, March 25, 2020 Article: Senate stimulus bill extends funding for abstinence education By Tyler Olson, Fox News, March 25, 2020 Article: Oil purchase to fill strategic reserve dropped from stimulus By Benjamin J. Hulac, Roll Call, March 25, 2020 Article: U.S. Fed hires BlackRock to help execute mortgage-backed securities purchases By Pete Schroeder and Michelle Price, Reuters, March 24, 2020 Article: What is the Exchange Stabilization Fund? And how is it being used in the coronavirus (COVID-19) crisis? By Sage Belz and David Wessel, Brookings, March 24, 2020 Press Release: Federal Reserve announces extensive new measures to support the economy Board of Governors of the Federal Reserve System, March 23, 2020 Article: COVID-19 Update: Federal Reserve Launches TALF (Again) By Scott A. Cammarn and Mark Chorazak, The National Law Review, March 23, 2020 Article: Trump's coronavirus eviction freeze won't keep a roof over our heads, advocates say By Tim Fitzsimons, NBC News, March 21, 2020 Article: Addressed to Speaker Pelosi, Leader McConnell, Leader McCarthy, and Leader Schumer By Ben Lane, America's Health Insurance Plans, BlueCross BlueShield Association, March 19, 2020 Article: Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions By Ben Lane, Housing Wire, March 18, 2020 Press Release: Federal Reserve Board announces establishment of a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses Board of Governors of the Federal Reserve System, March 17, 2020 Article: Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program By Steve Liesman, CNBC, March 15, 2020 Article: How the drug industry got its way on the coronavirus By Sarah Karlin-Smith, Politico, March 5, 2020 Article: How Much Of Boeing’s Revenues Comes From The U.S. Government? By Trefis Team, Great Speculations, Forbes, January 2, 2020 Article: Funding Legislation Delays $4B in Medicaid DSH Payment Cuts By Jacqueline LaPointe, Revcycle Intelligence, December 20, 2019 Article: Southwest Airlines reaches confidential settlement with Boeing for some of its 737 Max losses By Lori Aratani, The Washington Post, December 13, 2019 Article: Boeing 737 Max Factory Was Plagued With Problems, Whistle-Blower Says By David Gelles, The New York Times, December 9, 2019 Article: How Much Income Puts You in the Top 1%, 5%, 10%? By Julia Kagan, Investopedia, November 21, 2019 Article: Senator Seeks Last Win In Over-the-Counter Drug Bill (Corrected) By Alex Roff, Bloomberg Law, October 31, 2019 Article: Boeing’s 737 Woes Aren’t Hurting Its Pursuit of Military Contracts, Exec Says BY Marcus Weisgerber, Defense One, October 15, 2019 Article: What Percentage of Americans Owns Stock? By Lydia Saad, Gallup, September 13, 2019 Article: FDA Chief of Staff Calls OTC Monograph Reform a Top Priority By Michael Mezher, Regulatory Affairs Professionals Society, May 21, 2019 Article: These 30 companies, including Boeing, get the most money from the federal government By Samuel Stebbins and Michael B. Sauter, USA Today, March 29, 2019 Article: Boeing Was ‘Go, Go, Go’ to Beat Airbus With the 737 Max By David Gelles, Natalie Kitroeff, Jack Nicas and Rebecca R. Ruiz, The New York Times, March 23, 2019 Article: Agencies reporting proposal for the implementation of Current Expected Credit Losses (CECL) Deloitte, January 22, 2019 Article: FDA Opens the Door for a Broader Range of Over-the-Counter (OTC) Drugs by Charles Andres, Wilson Sonsini, August 2, 2018 Article: Jared Kushner Paid No Income Tax for years By Jesse Drucker and Emily Flitter, The New York Times, October 13, 2018 Guidance for Industry: Innovative Approaches for Nonprescription Drug Products U.S. Department of Health and Human Services, Food and Drug Administration, Center for Drug Evaluation and Research (CDER), July 2018 Article: HISTORICALLY BLACK COLLEGES AND UNIVERSITIES: Action Needed to Improve Participation in Education's HBCU Capital Financing Program Office of Public Affairs, GAO, July 26, 2018 Article: 10 Things You Didn't Know About Alex Azar By Katelyn Newman, U.S. News, January 29, 2018 Article: The Richest 10% of Americans Now Own 84% of All Stocks Rob Wile, Money, December 19, 2017 Article: Why the newest sunscreens still haven't hit the U.S. market By Brady Dennis, The Washington Post, May 11, 2015 Article: Washington’s Skin Canc
Today on Sojourner Truth, we continue our coronavirus coverage on a number of fronts. First, how frontline workers are impacted by and responding to the crisis. We speak with Henry D. Rose, the Field Director for Public Hospital Systems New York State Nurses Association. We also discuss how the pandemic has impacted immigrants in detention centers, specifically children and youth. We speak with Peter Schey, the executive director of the Center for Human Rights and Constitutional Law. How will emerging and small economies be able to get the resources and funding they need to battle the coronavirus? We speak with Andrés Arauz, a senior research fellow at the Center for Economic and Policy Research.
Today on Sojourner Truth, we continue our coronavirus coverage on a number of fronts. First, how frontline workers are impacted by and responding to the crisis. We speak with Henry D. Rose, the Field Director for Public Hospital Systems New York State Nurses Association. We also discuss how the pandemic has impacted immigrants in detention centers, specifically children and youth. We speak with Peter Schey, the executive director of the Center for Human Rights and Constitutional Law. How will emerging and small economies be able to get the resources and funding they need to battle the coronavirus? We speak with Andrés Arauz, a senior research fellow at the Center for Economic and Policy Research.
John Thore Stub Sneisen John is a Best-Selling Author of two books: The End of Freedom, which has been a world bestseller in the category of Financial Risk Management. Canada, The Greatest Economy In The World? Which has been a Canadian bestseller in many categories, including Economics, Finance, Macroeconomics and Financial Risk Management. The End of Freedom is an overview over 3000 years of history of money and how monetary pattern repeats themselves throughout history and how to mitigate the hit of these risks. Canada, The Greatest Economy In The World? is a book that takes a grand view of the Canadian Economy and points out the many dangers lurking in the Economic dark that most politicians and economists are not aware of. John is an international speaker. He has spoken in 6 countries on 3 topics in two languages. John is working closely with world best-selling author G. Edward Griffin as a Leadership Council member of Freedom Force International. In Freedom Force, John takes care of the Leadership Meetings and work on policies and recruitment. John also runs a local Freedom Force Group in Winnipeg with some of Winnipeg's brightest minds that are committed to spreading freedom and individualism in Canada. John also worked on creating the worlds. First Truth Conference called The Red Pill Expo. With a Speaker list including Robert Kiyosaki, Amon Bundy, Lord Cristopher Moncton, Mike Adams, Jeff Berwick, John Rappaport, Joel Salatin, Ty Bollinger, G. Edward Griffin, Cynthia McKinney, Richard Gage and James Corbett to name a few. These people are considered experts in their field of exposing the truth. John has also been speaking here as well. The conference have between 300-1000 attendees and 1000’s of people streaming them. John is an economic analyst for World Alternative Media. WAM is a YouTube news platform with Millions of viewers from countries all across the world. Here John interviews experts like Robert Kiyosaki, Mike Maloney and Rob Kirby and provides in-depth economic analysis behind the headlines. He offers special reports on Policies and Economic Entities like Cashless Society, Special Drawing Rights, Exchange Stabilisation Fund, United Nations and Monetary History. John is an Economic and Business development advisor for the UOS Blockchain. UOS is a Delegated Proof of Importance blockchain that will be helping to create a new wave of reviewing products. They are also building uncensorable social media platforms and building governance platforms for governments and micronations all across the world. John is an advisor to Uberstate. Uberstate is a Canadian based Real Estate Investment Blockchain platform that is revolutionizing the way we invest in real estate. John has been interviewed and featured on Mainstream Media CBC, BBC, CTV and Citytv. On Alternative Media Press For Truth, We Are Change, Next News Network, Rethinking The Dollar, Silver Doctors, GoldSilver, Declare Your Independence with Ernest Hancock and more. His articles have been featured at the Billionaire Chronicle x2, Invest It In and The Dollar Vigilante. John has over 20 years of experience in the Low Voltage field and has worked as a project manager building infrastructure in buildings and Cellular, Fiber and Copper Networks. John is an expert in talking about the future of 5G and Surveillance as it is a part of his 20-year experience in CCTV and other security systems and John doing research to stay at the forefront of technology to predict and foresee risks and how to avoid them to create a brighter future for humanity. *** Get a reading of your King Hero Archetypes to find out where you are on the path of purpose. https://kingheros.bethmartens.com/ Are you more of a Mermaid than a King Hero? Click below for a free reading of your MerPreneur Archetypes: https://bethmartensmerpreneur.simplero.com Buy Beth's Book: https://bit.l --- Send in a voice message: https://anchor.fm/beth-martens/message
Jennifer Briney, from the Congressional Dish podcast, exposes the Federal Reserve from its inception on Jekyll Island to today, inflation ("the sneaky tax"), Special Drawing Rights, quantitative easing, and more. Listen to her CD201: "WTF is the Federal Reserve?" and subscribe to the congressional Dish podcast. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ CONTACT ✅ ► Jennifer Briney: https://twitter.com/JenBriney ►Instagram: @jenbriney ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ LINKS MENTIONED ✅ ► The Congressional Dish: https://congressionaldish.com/ ► Congressional Dish Episode 201: https://congressionaldish.com/cd201-wtf-is-the-federal-reserve/ ► Special Drawing Rights https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR ► Federal Reserve: https://www.federalreserve.gov/ ►Collusion: How Central Bankers Rigged the World by Nomi Prins: https://www.amazon.com/Collusion-Central-Bankers-Rigged-World/dp/1568585624 ► Danielle Dimartino Booth: https://dimartinobooth.com/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ JENNIFER'S FAVORITE PODCASTS ✅ ►Joe Rogan Experience: http://podcasts.joerogan.net/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ SUBSCRIBE ANYWHERE ✅ ►https://CryptoCousins.com/Subscribe ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ BITBLOCKBOOM ✅ ► Take a look at the Bitcoin Conference I am hosting in Dallas, Texas at https://BitBlockBoom.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ MY WEBSITES ✅ ► https://4MinuteCrypto.com ► https://CryptoCousins.com ► https://ArlingtonCrypto.com ► https://CryptoPodcaster.com ► https://GaryLeland.com ► https://BitBlockBoom.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ MY CONTACT INFO ✅ ► Email me at TheCryptoCousins@gmail.com ► Message me at https://Facebook.com/msg/GaryLeland ► Leave a voice comment at 817-476-0660 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ MY SOCIAL MEDIA ✅ ► https://Twitter.com/GaryLeland ► https://Facebook.com/GaryLelands ► https://Linkedin.com/in/GaryLeland ► https://Instagram.com/Gary_Leland ► https://Steemit.com/@CryptoCousins ► https://GaryLeland.Tumblr.com ► https://Minds.com/GaryLeland ► https://Gab.com/GaryLeland ► https://Pinterest.com/garyleland ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ MY AUDIO PODCASTS ✅ ► https://4MinuteCrypto.com ► https://CryptoCousins.com ► https://BitBlockBoom.com/Podcast ► http://RailroadedPodcast.com ► http://WhatIsBitcoinPodcast.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ SHOW YOUR SUPPORT ✅ ► https://Patreon.com/CryptoCousins ► https://4CousinsCrypto.com/Donate ► https://Tippin.me/@GaryLeland ► https://Cash.me/$CryptoCousins ► With Crypto - https://4MinuteCrypto.com/Donate ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ USEFUL LINKS ✅ ► Earn free Bitcoin while you shop at Lolli - https://GaryLeland.com/Lolli ► The best Bitcoin book - https://4MinuteCrypto.com/Bitcoin ► Subscribe to Alexa Flash Briefings - https://4MinuteCrypto.com/Alexa ► Get $10 in Bitcoin free at Coinbase -https://CryptoCousins.com/Coinbase ► Bitcoin Clothing & Gear - https://CryptoCrybaby.com ► Brave Browser - https://Brave.com/cry570 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Gary is available to keynote or emcee or present at your Bitcoin/Crypto event. Contact Gary at GaryLeland@gmail.com for additional info. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ THIS IS A CRYPTO PODCASTER PRODUCTION ✅ ► Podcast edited by John Bukenas. ► Outro and intro by Elsie Escobar. ► Show Notes by Patrick Hafey ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ DISCLAIMER ✅ This article should not be taken as is, and is not intended to provide, investment advice.
Jennifer Briney, from the Congressional Dish podcast, exposes the Federal Reserve from its inception on Jekyll Island to today, inflation ("the sneaky tax"), Special Drawing Rights, quantitative easing, and more. Listen to her CD201: "WTF is the Federal Reserve?" and subscribe to the congressional Dish podcast.
Cutting Through the Matrix with Alan Watt Podcast (.xml Format)
--{ "The Psychological Knavery of Technique Slavery: From School to Climate Catastrophe, Trained by Rote, Fearful Desperate Damaged Cultures Continue to Vote." © Alan Watt }-- Living in Some Sort of Groundhog's Day - Trump and Iran - Qaddafi, Libya - Withering Away of the Nation-State - RIIA, CFR - Free Trade Agreements - Free Trade is Monopolistic for a Consortium, a Bloc of Countries; A Communist Idea - Anthony Hopkins in Movie, Heartland - We're Run by Secrecy and Deception - Elimination of Manufacturing Base in Canada and the United States - The Mexican Corridor; then Moved Manufacturing to China - Planned Hyperinflation - After 2008 Financial Crash, Bank Bailouts, Special Drawing Rights for Canada and Other Foreign Banks - Money is a Tool of Power - Politicians and Insider Trading Tips - Bring Down Western Countries into Austerity (a Nicer Word than Poverty) - War on Culture, Hyper-Sexualization, Music Television - Television Series from the BBC called The Scheme - (Housing Schemes in Britain, Scotland) - Heroin Flooding into Britain in the 1990s at the Same Time Jobs Just Vanish - Drugs; Big Pharma, Government Steps in to Pick Up the Slack, Social Workers - Bring in the Pseudo-Science Experts of the Mind - Native Indian Culture, Follow the Tradition of the Elders; There was Purpose, Busy for Survival - You Cannot Make a Profit from So-Called Arrested Civilizations - We're in the Eradication Phase - Pesticides, Genetically Modified Food - Socialism was Picked by High Levels of the Middle Classes who Despised the Poor and Were Afraid of Them; H.G. Wells had Contempt for the Working Classes - Brave New World, Aldous Huxley; Breeding and Genetically Modifying Humans for Specific Kinds of Work; Promiscuity Promoted; The Savage, Wild Man who Could Still Think, who Valued Beauty and Emotions - John Dewey, You'd Live a Certain Amount of Years and then You'd Die and Your Death wouldn't Be Mourned but Celebrated - Purpose, Family and Community Destroyed - No One to Stand Up for the Individual, as Many (including George Bernard Shaw) Wanted) - Socialism is an Ordered, Planned Society that Makes the Elite Feel Safer - Signs and Symptoms of a Destroyed Society - Democratic Donor Ed Buck is Arrested for Running a Drug Den and Being a Violent Sexual Predator; Like Something You'd Read About from Caligula - Claim, Jeffrey Epstein Ran a $500M Ponzi Scheme Fueled by Insider Trading and Fake Stock Buys - No Doubt Epstein was Part of a Massive Intelligence Operation - Donations to MIT's Media Lab - Much More to MIT's Media Lab than Meets the Eye - Richard Stallman Argues that Epstein Victims were Entirely Willing - G. Maxwell Called the Girls Trash - Patents - Stanford R. Ovshinsky Mentored Joi Ito, Who Recently Resigned from MIT's Media Lab after He Admitted Taking $525,000 in Funding from Jeffrey Epstein for the Media Lab - Ito's Godfather was Timothy Leary - Sackler Family - Aggressive Marketing of Highly Addictive Opioids - Pro-Choice and Anti-Abortion Advocates Express Shock at the Discovery of Fetal Remains at Dr. Ulrich "George" Klopfer's home - Torture, Waterboarding - Forest Spraying Concerns, Sudbury - TEK Elders will take Government to Court Over Aerial Spraying of Glyphosate Herbicides by Forest Management - Cancer-Causing Herbicides Dubbed "Agent Orange" were Sprayed by the B.C. Government During the ‘60s and ‘70s - Toxic Gas Tested on Norwich - Millions were in Germ War Tests in Britain between 1940 and 1979 - Documentary – Radioactive waste: Dumped and Forgotten - Cancer Kills Many California Sea Lions, Most Born in the Channel Islands - Privately-Owned Cars should be Banned from London by 2030 - Ireland Set to Ban Private Cars - Elimination of Private Vehicles a Big Part of Agenda 21 - Is Deutsche Bank the Next ‘Lehman Brothers'? - 'Death Taxes' Swell U.K. Treasury Coffers - Please visit my Site, www.cuttingthroughthematrix.com to Donate and Order. *Title and Dialogue Copyrighted Alan Watt - Sept. 22, 2019 (Exempting Music and Literary Quotes)
Tommy discusses Special Drawing Rights.
The IMF’s Special Drawing Rights have failed to gain real traction in the international monetary system, but Mohamed El-Erian, Chief Economic Advisor at Allianz and former IMF Deputy Director, believes a greater role for the SDR in global markets could help strengthen the world economy. Contibutors: Mohamed El-Erian, Chief Economic Advisor at Allianz and former IMF Deputy Director.
The world's monetary system changes historically every 30 - 40 years. We have seen three changes just in the last century in 1914, 1944 and 1971. We are due to a change in the monetary world order, but what would replace the dollar standard and the US Dollar as the world's reserve currency? I approach this speculative topic by looking at an extremely big event that is happening on October 1st that is not reported at all in the financial media. The International Monetary Fund is adding the Chinese Yuan to its basket of reserve currencies called the SDR or Special Drawing Rights. The United States government fiscal year also ends on September 30th and Congress will have to approve another spending bill by September 30th for the United States government to still function from October 1st. I look at other events and scenarios that could play a factor in the new monetary system if there is a change coming. Do not miss this episode! Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast. Bestselfco., Make Success a Habit! Use the Self Journal to organize and align tactical day to day tasks with larger life goals. Recommended Resources: IMF agrees to include China's RMB in benchmark SDR currency basket Enhancing International Monetary Stability—A Role for the SDR? Recommended Books: The New Case for Gold Hardcover by James Rickards Show Sponsors: Audible, download any audio book for free when you try audible for 30 days. Leadpages, is offering a free marketing automation course that includes:12 video modules with step-by-step strategies to leverage what's working in your business. Thrive15.com, get a free month of access at www.thrive15.com/cashflow Show Transcript - coming soon Have some feedback you'd like to share? Leave a note in the comment section below and please share it using the social media buttons you see at the bottom of the post! If you enjoyed this episode of our podcast, please leave an honest review for The Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. John Lee Dumas of EOfire.com made a video explaining how to leave a review you can watch here. You can also access step by step instructions how to subscribe, rate and review on Itunes from Apple here. Thank you for supporting our podcast and sharing it with friends and family! Live a Life of passion and purpose on your terms, M.C Laubscher
Ron Paul, Paul Craig Roberts, Gerald Celente, Alan Watt and Glen Kealey, congeal their formidable brain juices to form a digestable topping on an extra large crust of a solution to the currency dilemma we all face. "Baskets of currencies" and "Special Drawing Rights" give way to quality aluminum suitcases, animatronic banjo hounds, a side of breadsticks and a choice of a Color Me Badd cassette tape or William Coopers Hour of the Time(also on cassette). More solutions than you can shake a tally stick at!(post call banter from Monday night)
Ron Paul, Paul Craig Roberts, Gerald Celente, Alan Watt and Glen Kealey, congeal their formidable brain juices to form a digestable topping on an extra large crust of a solution to the currency dilemma we all face. "Baskets of currencies" and "Special Drawing Rights" give way to quality aluminum suitcases, animatronic banjo hounds, a side of breadsticks and a choice of a Color Me Badd cassette tape or William Coopers Hour of the Time(also on cassette). More solutions than you can shake a tally stick at!
今日は、中国の現状について話します。 1月16日に、中国に関連して二人のトップが誕生しました。一人は、台湾の民進党から台湾総統となった蔡英文です。これまで国民党が「ひとつの中国」の原則を認めて中国と親しくしてきましたが、彼女はこれを認めていません。もう一人が、AIIB(Asian Infrastructure Investment Bank)の金立群総裁です。AIIBとは、中国の新シルクロード構想を金融面から助けるために作られたインフラ投資銀行のことです。金総裁はこれまで、アジア開発銀行の副総裁を務めていました。 中国の内政面でも、最近、いろいろなことが起こっています。これまで30年間続いてきた一人っ子政策をやめて、この1月から二人っ子政策を採用することにしました。一人っ子政策によって生産年齢人口が減り、GDPの成長率が落ちてきたことが原因です。高齢化も進んでおり、少ない生産年齢人口がたくさんのお年寄りを支えるという、日本でも見られる状況に陥りつつあります。 環境問題も大きくなってきています。これまでは、北京や天津が所在する河北省の大気汚染が大変なことになっていました。河北省だけではなく、昨年末に私たちが大連に赴いた際には、大連の空がかつてないほどに曇っていました。冬になると皆が石炭で暖をとるため、空気がますます悪くなります。このような状況が続くと、外国人や金持ちの中国人が逃げ出してしまいます。とてつもないお金と時間がかかるものの、そろそろ環境問題に真面目に取り組まなければならない状況となってきました。 中国の経済成長には、スローダウンが見られます。先日発表された2015年の実質経済成長率は、6.9パーセントでした。株式市場は、昨年の前半には好調であったものの、後半に入ると落ち始め、世界に影響を与えています。一方で、中国の人民元は、IMFのSDR(Special Drawing Rights)に2016年10月に組み入れられることになり、世界各国の中央銀行はこれに対応するために、人民元の外貨準備への組み入れを増やすと見られます。 中国は、いろいろな自由化を推し進めています。たとえば、金融の預金金利の上限を撤廃しました。これまでは貸出金利は自由化されていたものの、銀行の利鞘を守るために預金金利を一定以上に上げることはできませんでした。預金金利がインフレよりも低いために、地方の不動産など、シャドー・バンキングと呼ばれるより金利が高いところにお金が流れていました。その結果、ゴースト・タウンができたり、不良債権問題が起きたりと、いろいろな騒ぎとなっていました。今回の撤廃によって、皆が銀行に預金することが期待されます。 中国は、中進国の罠に陥っています。少し前に南アメリカ諸国が中進国になりましたが、その後先進国になることができていません。先進国に進むためには、世界で一番となるような産業を研究開発しなければなりませんが、これがなかなか進展しないのです。中国の労働コストは毎年10%くらいずつ上がっており、労働コストの面で発展途上国と勝負できなくなっています。もう労働コストが安い途上国として発展するわけにはいかないのです。 中国の産業面では、鉄鋼産業が大きな問題を抱えています。中国は、世界の半分の鉄鋼を生産しています。しかし経済成長がスローダウンしてきたため、そこまで多くの鉄鋼はもはや不要です。そのために余った鉄鋼が安価で世界中に出回り、他国の鉄鋼業が皆赤字に陥るという事態になりました。そこで皆で中国に設備の廃棄や補助金の廃止などを求め、中国の生産能力を減らそうとしています。 中国の労働コストが上がったことで、日本の衣料にも変化が見られます。かつてユニクロは、製品の9割を中国で生産していました。現在では中国生産比率を6~7割に落としていますが、それでもなおユニクロの製品の価格は上がっていく見通しです。またおもちゃや運動靴も中国でたくさん作られていましたが、現在では、より労働コストが安い発展途上国に生産地が移りつつあります。 今日の話をまとめます。 中国では、人件費の高騰や環境の悪化によって、経済成長が鈍化してきました。人民元や株が売られています。鉄鋼や造船など、過剰生産力を抱えているところは、安値で輸出しています。一方で日本では、中国からの衣料の輸入価格が上がり始めました。中国は、世界の工場からサービス・消費国へ転換しつつあり、大国化が確実に進んでいます。一人っ子政策が二人っ子政策に変わり、定年も延長されつつあります。時間はかかるものの、今後は働き手が増えることとなります。一方で預金金利が自由化され、IMFのSDRに人民元が入ることとなりました。また、新シルクロード構想を実現するために、AIIBをこの1月に発足しました。
This is NEWS Plus Special English. I'm Mark Griffiths in Beijing. Here is the news. The International Monetary Fund has announced that the Chinese currency, the Renminbi, is eligible to join its Special Drawing Rights currency basket. With the announcement, the Chinese currency, otherwise known as the yuan, is to become one of the five reserve currencies fully endorsed by the 188-member multilateral organization. The IMF board said in a statement that the RMB "met all existing criteria" which represents the fund's member countries. The statement came after an almost two-hour meeting held on Nov. 26. In accordance with the statement, the RMB will be included in the Special Drawing Rights basket as a fifth currency starting on Oct. 1, 2016 and will have an almost 11-percent weighting in the basket. Since the 1990s, the Special Drawing Rights basket has consisted of four currencies, namely, the U.S. dollar, the euro, the British pound and the Japanese yen. The IMF said the RMB's inclusion into the Special Drawing Rights currency basket is "an important milestone in the integration of the Chinese economy into the global financial system." This is NEWS Plus Special English. China has achieved the pollution reduction targets for major pollutants outlined in its 12th Five-Year Plan, six months ahead of schedule. Environment Minister Chen Ji-ning says that nonetheless, a substantial improvement in the environment will only be possible if pollution is reduced by a further 30 to 50 percent. According to Chen, by 2014, the discharge of sulfur dioxide and Chemical Oxygen Demand, a measure of organic pollutants in water, had dropped by 13 and 10 percent from 2010 levels. Emissions of ammonia nitrogen and nitrogen oxide had also declined by around 10 percent. Discharges of the four major pollutants continued to drop in the first half of this year. The environment minister also noted that the surface area affected by acid rain in China had shrunk to 1990s levels, while water quality had also improved significantly. You are listening to NEWS Plus Special English. I'm Mark Griffiths in Beijing. (全文见周六微信。)
Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 26th of October 2015, some stories for today are: TOP STORIES Trouble is brewing for Deutsche Bank as the US Justice Department and the New York Department of Financial Services are expanding their probe of money laundering at the German Bank’s Moscow unit to what now may seem like potential breach of Western sanctions against Russia after its 2014 annexation of Crimea. The US Dollar trades being investigated amount to US$ 6 Billion. Some good news for China in the coming days, the International Monetary Fund have given strong signals that the Chinese Yuan could soon join the fund’s basket of reserve currencies, better known as Special Drawing Rights. SDRs were created in 1969 to boost global liquidity as the Bretton Woods system of fixed exchange rates unravelled. Champagne bottled are undoubtedly being uncorked at VocaLink, the British firm behind UK’s Faster Payments, as it signed a letter of intent with US bank based ACH The Clearing House. Clearing House says the ISO 20022 standard real-time payments system will be designed to help US financial institutions gear up and execute real-time payments. This is a big win for Vocalink that lost the Australian real-time payments deal to SWIFT, while it did bag the Singapore real-time payments deal. All this pushes up reasons for the rumors of a SWIFT + Ripple merger to happen. You can tell a lot about an economy from the way it orders its nuts and bolts. Daniel Florness, Chief Financial Officer of Fastenal Co told investors “The industrial environment’s in a recession. I don’t care what anybody says”. His reason for saying so? Declining orders for his company’s nuts and bolts. Spending across the US industrial sector has slowed down, with some industrial giants downright pulling back on machines and parts orders. Quarterly profits and revenue at big American companies are all set to decline for the first time since the recession. The markets are mixed on this Monday morning. The Dow Jones, Nasdaq and Crude Oil are all in the red, while US 10 Year Treasury Note along with the a stronger Euro are looking good in green! BLOG OPINION: We’ve all been educated in more ways than one, of how the US Federal Reserve makes money. How it can magically go to an imaginary printer and print US Dollars. What about the reverse, what does the Fed do when it needs to take money away from the money supply? Does it just go towards a shredder? Not quite. Episode 659 of NPR’s Planet Money addresses just that, titled “How to Make $3 Trillion Disappear”. The answer will surprise you. CLOSING THOUGHTS Fourteen years ago Steve Jobs showcased the iPod to the world. The reactions were mixed. MacRumors.com one of the oldest websites dedicated to the Apple fan community recorded the moment. In hindsight it is very easy to scroll back and roll-eyes at the naysayers. That 23rd October 2001 was a pivotal moment, and fast forward to today where Apple Pay just turned 1, it will be interesting for us to scroll back a few years from now and look at how the Naysayers reacted to Apple Pay. You can access all the links of this podcast on paymentsmonitor.com - That’s all for today, my name is Faisal Khan and you’ve been listening to the Payments Monitor. Speak tomorrow!
TONIGHT 03/27 on “The End Within” - The Global Economy and Geo-Politics Tonight we'll be looking at the latest moves of Putin and what seems like his march across Europe to re-claim the Soviet Empire. There is not one to stop him and he knows it, plus there is a TREMENDOUS side effect that many are not thinking about and it is in reference to IMF's SDRs, “Special Drawing Rights”. This is critical and has to be considered and we recommend that all our listeners watch carefully. We'll also be looking at the latest with the Justina Pelletier case as well. We will also be hoping that Carol Ray can join us to share her perspective that she has shared with me in private discussions and some absolutely mind blowing material. Please join us for this and much more on, “The End Within”