Podcasts about special drawing rights sdr

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.

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 HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-wam-cover-history/ GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Josh Sigurdson reports on the IMF hinting that IMF countries can pay debts to them in Chinese Yuan after a recent spokesperson Julie Kozack confirmed on Thursday that Argentina had paid off $1.1 billion in Chinese RMB. While many may be surprised by this move considering the IMF's Special Drawing Rights (SDR) is the global competition for BRICS, many IMF countries are joining BRICS and it appears as though this is a mutual decision to collapse the current global order in order to bring in a new global order based in technocracy, complete with a CBDC. This has been in the playbook for decades. The British government just gave China $65.5 million in foreign aid despite China being the second biggest economy in the world. Janet Yellen just went to China, bowed to the Chinese government all while on magic mushrooms. This is without a doubt a controlled collapse. The question is, what are you going to do about it? Stay tuned for more from WAM! BUY GOLD AND SILVER HERE: https://kirkelliottphd.com/wam/ 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 GET TIM'S FREE Portfolio Review HERE: https://bit.ly/redpilladvisor And become a client of Tim's at https://www.TheLibertyAdvisor.com 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/ 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 HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/ USE Code WAM to get FREE shipping in the United States! BUY GOLD AND SILVER HERE: https://kirkelliottphd.com/wam/ BUY YOUR PRIVATE CLEARPHONE HERE: https://www.r1kln3trk.com/3PC4ZXC/F9D3HK/ GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Josh Sigurdson reports on the newly unveiled global currency the IMF has debuted which is of course a CBDC meant for international trade and to hold up the last surviving elements of the western global financial system as BRICS takes over. This CBDC named "Unicoin" as well as "UMU" (Universal Monetary Unit) is likely the precursor for the BRICS CBDC. The IMF has the Special Drawing Rights (SDR) system in place with a basket of currencies. However, BRICS has stepped up their power vs the SDR whose main currency is the Dollar with the most voting power. BRICS has most of the population of the world under their system already with Europe aiming to move into their system away from the dollar soon. So, this centrally planned UMU coin is likely to be converted into the eventual Chinese run BRICS CBDC which is also based on a basket of currencies that currently appear to have more power than the dollar. These global CBDCs will be used to control not just the movement of every person, but the food rations they receive based on a carbon credit score. This is the most important fight of our life. We must reject this system and withdraw from the financial system as much as possible. We must be our own banks rather than be owned by the banks. Stay tuned for more from WAM! 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 GET TIM'S FREE Portfolio Review HERE: https://bit.ly/redpilladvisor And become a client of Tim's at https://www.TheLibertyAdvisor.com STOCK UP ON STOREABLE FOODS HERE: http://wamsurvival.com/ BUY A TOWER GARDEN AND SAVE MONEY HERE: https://shareasale.com/r.cfm?b=580941&u=3368756&m=52284&urllink=&afftrack= NGANIC CBD OIL! Get organic HIGH QUALITY CBD HERE: https://shareasale.com/r.cfm?b=1312822&u=3368756&m=85768&urllink=&afftrack= 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 Follow us on Parler HERE: https://parler.com/Joshfsigurdson 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

China, along with other BRICS countries (Brazil, Russia, India, and South Africa), has been gradually pushing for a more significant role in the global financial system, seeking to diminish the US dollar's dominance as the world's reserve currency. Historically, the US dollar has held this position due to factors such as the size and stability of the US economy, the liquidity of US financial markets, and the post-World War II Bretton Woods agreement. In recent years, China has been promoting the internationalization of its currency, the renminbi (RMB), by establishing bilateral currency swap agreements, expanding the RMB's use in international trade settlements, and including the RMB in the International Monetary Fund's Special Drawing Rights (SDR) basket of currencies. These efforts aim to challenge the dollar's status and pave the way for the RMB to become a global reserve currency. If the BRICS countries were to abandon the use of the US dollar, it could potentially lead to a global economic shift, as the dollar's role in international trade and finance would be reduced. This scenario could result in increased currency volatility, altered trade dynamics, and a redistribution of global economic power. However, it is essential to note that such a shift would likely be a gradual process, as the establishment of a new reserve currency would require significant changes in global financial infrastructure and widespread adoption by central banks and other financial institutions.

Namens Holland Gold is Paul Buitink een nieuwe serie gestart waarmee hij in debat gaat met economen over ons geldsysteem, monetaire beleid en de toekomst van het geld. In de eerste aflevering gaat Paul in debat met Wim Boonstra. Wim is speciaal adviseur en econoom bij RaboResearch Global Economics & Markets. Naast zijn functie bij de Rabobank is hij ook Bijzonder Hoogleraar Economische en Monetaire Politiek aan de Vrije Universiteit in Amsterdam. In deze aflevering nemen Paul en Wim je mee in de geschiedenis van ons geldsysteem en hoe we uiteindelijk bij het fiduciair geld zijn uitgekomen. Vervolgens gaan ze in debat over het beleid van de ECB en of Lagarde nog genoeg middelen heeft om de inflatie te bestrijden. Ook debatteren ze over de toekomst van de euro en hoe decentraal geld een oplossing kan zijn voor het falend overheidsgeld. Tot slot debatteren ze over de digitale euro, de toekomst van de dollar, goud en de Special Drawing Rights (SDR's). Door de turbulente tijden waarin we ons bevinden, wordt het steeds belangrijker om op de hoogte te zijn van de laatste ontwikkelingen zodat u beter voorbereid bent. Holland Gold streeft ernaar om buiten het leveren van goud en zilver ook deze rol voor u te vervullen. Laats ons even weten in de reacties welke gasten u nog meer wilt zien in debat met Paul. Wie weet is hij of zij dan de volgende gast in de nieuwe serie "Holland Gold in debat met". Overweegt u om goud en zilver aan te kopen? Dat kan via de volgende website: https://bit.ly/3HA9Gf8 Twitter: @Hollandgold: https://twitter.com/hollandgold @paulbuitink: https://twitter.com/paulbuitink @jorisbeemsterb: https://twitter.com/JorisBeemsterb1 Let op: wij van Holland Gold vinden het belangrijk dat iedereen vrijuit kan spreken. Holland Gold wilt u er graag op attenderen dat de uitspraken die worden gedaan door de geïnterviewde niet persé betekenen dat Holland Gold hier ook altijd achter staat. Alle uitspraken zijn gedaan op persoonlijke titel door de geïnterviewde en dragen zo bij tot een breed, kleurrijk en voor de kijker interessant en dynamisch beeld van de onderwerpen, die in onze video's te sprake komen. Zo willen en kunnen wij u een transparante bijdrage en een zo volledig mogelijk inzicht geven in de economische markten en marktontwikkelingen. Al onze video's zijn er enkel op gericht u te informeren. De informatie en data die we presenteren kunnen verouderd zijn bij het bekijken van onze video's. Onze video's zijn geen financieel advies. U alleen kunt bepalen hoe het beste uw vermogen kunt beleggen. U draagt zelf de risico's van uw keuzes. Klik hier voor meer informatie over goud en zilver: https://www.hollandgold.nl

The International Monetary Fund announced on Saturday it has increased the weighting of the #dollar and Chinese #yuan in its review of the currencies that make up the valuation of its Special Drawing Rights (#SDR), an international reserve asset. In this video, I share my thoughts on how the West is just trying to pacify China in hopes of slowing down their multipolar 'New World Era' alternative payment network to end the PetroSystem for good.

IMF's Special Drawing Rights (SDR) support helped the country maintain a stable balance of payments surplus in the last September quarter, a financial daily recently said, while claiming that the country's current account is back in deficit. Widening trade deficit was also one of the main reasons for it. But the country was in a much better position than it was during 2012-13, when the current account deficit had touched a low of 4.8 percent of GDP. In 1991, the balance of payments crisis had paved the way for much-needed and long-overdue reforms, the scope of which remains unmatched till today. The balance of payments, or BoP for short, records all the transactions, be they in goods, services or assets, of the concerned country with the rest of the world. All such transactions over a specified time period, usually a year, are kept track of in this way.     This is also known as the balance of international payments. Think of it another way: It is a statement of all the economic transactions that a nation's individuals, firms, and government enter into with individuals, firms, and governments outside the nation in question.   The transactions in question include imports and exports of goods, services and financial assets, along with transfer payments. Balance of payments or BoP allows one to monitor all international monetary transactions. In short, the aim is to determine how much money is going in and out of the country's economy. Knowing the strengths and weaknesses of the economy is the basic purpose of BoP accounting. One can determine the overall gains and losses from international trade by analysing the BoP accounts of the previous year. The current account and the capital account are the two main accounts in the BoP. Imports and exports in goods, the trade in services and transfer payments are recorded in the current account. While, all international purchases and sales of assets such as money, stocks, and bonds, etc. are recorded in the capital account. Foreign investments and loans are also included in the capital account. The country is said to be in balance of payments equilibrium when the sum of its current account and its non-reserve capital account equals zero so that the current account balance is financed entirely by international lending. The balance of payments deficit or surplus is obtained after adding the current and capital account balances. The decrease in official reserves is called the overall BoP deficit and the increase in reserves is BoP surplus. A country with a current account deficit can face difficulties. In the event that the deficit is large and its economy is unable to obtain adequate foreign investment inflows, the country's currency reserves dwindle.   Watch video

Former finance minister, Seth Terkper, has called on government to, as a matter of urgency, take the US$1 billion Special Drawing Rights (SDR) allocation by the International Monetary Fund (IMF) to parliament for approval on how to spend it to ensure proper accountability.

Special Drawing Rights (SDR) are international reserve assets and used as the accounting unit for IMF transactions with its member countries. Earlier this month, in a historic multilateral response to the pandemic, the IMF board of governors approved a new SDR allocation of $650 billion, the largest in the institution's history. Ceyla Pazarbasioglu heads the Strategy, Policy and Review Department at the IMF. In this podcast, she says the SDR allocation will go a long way toward helping vulnerable countries and minimize the dangerous divergence in recovery paths around the world.  Transcript: https://bit.ly/3y6inY1

The IMF has approved a proposal to inject the largest resource capital allocation in its history, USD650bn worth of Special Drawing Rights (SDR) – an IMF reserve asset backed by international currencies – to boost global liquidity.   Ehsan Khoman, Head of Emerging Markets Research (EMEA), believes that conditional on the SDR allocations being designed right, they will not only help emerging markets navigate mounting debt strains that have been exacerbated by COVID-19 raising FX reserves, but also improve the credit quality of these countries over the medium-term.  Disclaimer: www.mufgresearch.com (PDF)

The economic fallout from COVID-19 has fallen hardest on emerging markets where healthcare costs and unprecedented economic contractions have exacerbated already heavy debt burdens. In a coordinated effort to address these challenges, the IMF is preparing to inject USD650bn worth of Special Drawing Rights (SDR) – a financial instrument that bolsters balance sheets – to navigate mounting debt strains. Ehsan Khoman, Head of Emerging Markets Research (EMEA), contextualises this significant development and offers his insights as to why the allocated share of this additional SDR liquidity will in fact be heavily skewed more towards developed (not emerging) markets. Disclaimer: www.mufgresearch.com (PDF)

The Hegelian Dialectic: Government Is In The Business of Staging Crisis - Problem - Reaction - Solution Stuart and Sam discuss the U.N. Agenda 21 effort to turn The Sierra National Forest into a National Monument, Hunger Games style neo-feudal serfdom, Hollywood Mind Control Program, The government is using artificial scarcity as an excuse to ration resources, We are under biological attack, GMOs, Radiation, Fluoride, Bisphenol A (BPA), GeoEngineering, National Guard looking for crisis actors on Craigslist, Mock Dirty Bomb Drill in Richmond, CA. The government is in the business of staging crisis events - problem, reaction, solution The Hegelian Dialectic. The federal government is now importing illegal aliens from El Salvador, Guatemala and Honduras by flying them into the country at tax payers' expense. 3 out of 4 illegal aliens are on welfare. CA Drought State of Emergency. Forced Vaccines in CA SB 277 Big Pharma is exempt from the people its vaccines kill and maim, The stock market is rigged and the whole economy is rigged. Iceland is standing up to the bankers. Central Banks are buying gold to back their new world reserve currency Special Drawing Rights (SDR) and much more... Show Notes: False Flag http://www.wnd.com/2015/04/role-playe...​ http://richmondstandard.com/2015/04/m...​ http://www.zerohedge.com/news/2015-04...​ Drought http://www.zerohedge.com/news/2015-04...​ http://www.zerohedge.com/news/2015-04...​ restrictions http://www.rawstory.com/rs/2015/04/ge...​ http://www.zerohedge.com/news/2015-04...​ Immigration http://www.judicialwatch.org/blog/201...​ http://www.mercedsunstar.com/news/art...​ http://www.breitbart.com/big-governme...​ http://www.voanews.com/content/coming...​ http://www.breitbart.com/big-governme...​ Health/GMOs http://www.activistpost.com/2015/03/h...​ http://www.wsj.com/articles/organic-f...​ http://naturalsociety.com/sprouting-r...​ Drugs/STDs/vaccines http://sanfrancisco.cbslocal.com/2015...​ http://worldtruth.tv/supreme-court-le...​ http://theantimedia.org/1-billion-law...​ http://www.dailymail.co.uk/health/art...​ http://www.newsweek.com/psychedelic-d...​ Economy http://cnsnews.com/news/article/teren...​ http://www.zerohedge.com/news/2015-04...​ http://www.infowars.com/iceland-consi...​ http://www.zerohedge.com/news/2015-04...​ http://www.thenewamerican.com/economy...​ http://www.infowars.com/americans-not...​ http://www.activistpost.com/2015/04/a...​ http://www.zerohedge.com/news/2015-04...​ http://www.forbes.com/sites/jessecolo...​ http://www.washingtonsblog.com/2014/0...​ Jade Helm http://www.thecommonsenseshow.com/201...

Welcome to Finance and Fury. Today’s episode – look at the potential kinds of money what are the best kinds of money are the best for the population In the modern economy - The unprecedented expansion of money supply – created some economic and political consequences is only possible with certain kinds of money   Different forms of money – One world currency – digital backed, Fiat currency, Different gold standards Then rate these - Look at their stability, degree of central control and how open they are to abuse -   Types of currency – One world digital currency – still technically hypothetical in its implementation Nothing new here – the concept has been around for a while - John Maynard Keynes proposed this – back in 1944 at the Bretton Woods conference – this single world currency was named the “Bancor” At the same time this conference created the International Monetary Fund (IMF) The IMF already has a super-national currency called “Special Drawing Rights” (SDR) made up of a composite of fiat currencies – covered this in past episodes along with the potential for what is being proposed in some circles as the solution to current financial situation - reset of currencies in a digital form If the SDR is the backing – could be a global currency would be digital and controlled by a group like the IMF This would be a cashless society - money would be represented by digits on a screen – more so than what it already is Fiat – money control by government decree Under fiat money – most are on a floating exchange rate – since the peg to gold was removed in 1971 - monetary policy removed a lot of the limits that were imposed on central banks and government spending No longer had to adjust the supply of money in order to maintain the currency’s peg to the value of gold money could be printed in order to meet any number of social goods – through Government deficits such as full employment, stimulation of the economy and government spendingBottom of Form Result has been for fiat currencies to be inflated – so in real terms they are worth a fraction of their purchasing power in 1971   Since 1971 was also the year workers’ wages in real terms have been growing slowly – especially in countries like the US and EU GDP growth has been sluggish compared to the prosperity enjoyed during the 19thand early 20th century classical gold standard era Result has been for hard asset prices like property to also be inflated A lot of this came from the inflation targets – where there has been a justifiable reason – especially currently need for central banks to inject new money supply ever increasing amounts simply to prevent default on unsustainable debt levels can be seen as the logical outcome of the fiat money experiment.  Historically governments have seldom been able to resist the temptation to print more fiat money   Types of gold standards - Historically it was used as a means of exchange – in form of coinage for several thousand years – but physical gold as money had two major downsides – it is heavy and hard to carry around – also have to try and store it and puts you at risk of having it robbed also - the demand for money through most of history was many times greater than the amount of gold available Using physical gold would cap capacity for economies if it were the sole means of exchange - Hence the invention of money backed by gold -   Government gold standard During the classical gold standard eras – depending on the nation it did differ – but through most of the 18th, 19thand early 20th centuries the way governments pegged their currencies to gold was through the control of supply – if your currency was in demand – can produce more of it – and if not – cease creating new money until the amount of money came back to be in line with the gold reserves of the nation This stability is not perfect but it is better than any other option that humans have come up with to date – due to the fact that gold can keeps a stable value (due to limited supply and it doesn’t rot away) So money pegged to the value of gold also takes on this stability - This is what is meant by a gold standard – money whose value is pegged to the value of gold. It also had a built-in way for a currency to maintain the peg to the price of gold – through the conversion of gold to money and money to gold Say that a nations currency was weakening relative to the official peg to gold - for example in the US the peg was first set at $20.67 up until 1934 at $35 an ounce – people would go to the bank to buy gold with their dollars as they would make a small profit.  The bank would sell the gold and retire the dollars from circulation.  This reduction in supply would continue until the demand for dollars would again raise their value to the official peg with gold. If the opposite was the case and the dollar became overvalued relative to gold then people would take their gold to the bank and exchange it for dollars in order to make the small profit.  The bank would buy the gold with newly created dollars.  This would increase the supply of dollars until the value of the dollar fell back to its official peg price with gold.  At this point people would no longer come to the bank to exchange gold for dollars because the profit on the trade had disappeared. Before 1971 maintaining this peg to gold through the control of money supply was the primary function of a country’s central bank. Apart from the stability that the peg with gold provided, the other great advantage of the gold standard is that is provided monetary discipline.  Governments could not print as much money as they wanted.  The supply of money could only be used to maintain the peg with gold.  When governments wanted to print more money, for example to finance a war, they would abandon the gold standard as this is the only way they could do it. Distributed Gold Standard – prior to the previously mentioned government gold standard – this type was at the individual bank level rather than at the Central bank level In countries that didn’t have a Government run peg - individual banks issued their own notes In the US for example – back before 1913 - seven thousand US banks issued their own notes on average This type of system had its peak between the period of 1837 – 1864 – seen as the “Free Banking” era when banks had practically no federal regulation but were instead managed at the state level Each of these banks maintained the peg of its notes to the value of gold through the control of supply – but at the individual bank level This system demonstrated that a gold-pegged currency does not need government mandate to operate It does have relevance for today as it is some proof that that non-government organisations could initiate their own gold-pegged currency – however – would need government approval to do so  Another benefit of the free banking model over central bank gold-pegged currencies is the inherent competition it creates In an economy – competition is good – this can extend to a currency as well – as this can be good for the customer A secondary market for the notes of various banks during the free banking era meant that banks had every incentive to minimize risk in the loans they made Any fall in the traded value of their notes would be bad for business and could lead to a run on the bank Banks with poor risk management would lose out to those firms that where better able to maintain their currency’s peg with gold. There was little moral hazard due to the banks not being too big to fail This free banking era did have some downsides due to this – and has been criticised for the number of bank defaults that occurred in some states - was used as an argument in favour of currency issue by central banks – making it centralised However research has shown that the cause of a spate of bank closures, especially in Indiana in January 1855 was not due to the size of the bank or the banks fault at all – was likely to be due to the failure from the state governments ability to manage their own finances Back with this system - For a bank to operate it was required to purchase state bonds as these bonds were collateral for the issue of notes Looking at 1854 Indiana state bond prices fell about 26% - this loss of collateral value meant banks could no longer repurchase their notes from customers for gold as they no longer had sufficient collateral to do so. It is interesting to wonder how much longer the free banking era would have continued without the state government obligation to buy their bonds.  What if the banks could simply keep physical gold (specie) as collateral? Rating the forms of money – A way of rating the forms of currency comes down to individual self-responsibility With a One World digital currency every aspect of the money is done for the individual.  Government gold-pegged money imposes monetary discipline on the government.  Competition between currencies during a free banking scenario enables people to maintain the integrity of money by choosing which currency to use.  Because monetary value is ultimately created by confidence – this can either come from people from use due to it being the best or from the state control leaving no other choice – Centralised control diminishes and general prosperity increases proportionally Friedrich Hayek put in his paper Choice in Currency – A Way to Stop Inflation.  Hayek suggested that if people were given a choice in the currency they used they would naturally choose those that held their value. The use of stable money owned by people is also the best form of money for the real economy.  Comes back to the core of the Cantillon Effect states that when there is new money those closest to the issue of it benefit most.  This is one reason way the current monetary expansion by the Federal Reserve increases government debt and valuations in the share and property market but does not stimulate the real economy.  Banks, large corporates and government are all closer to the Federal Reserve than people.  Rating the each types of money Stability - Can it inflate - Digital currency and Fiat – yes - Forms of gold standard – no degree of central control - Competition in the price and return of money - Digital currency and Fiat – none – even Government gold standard has none - Distributed gold standard – yes – between banks across state lines and nations how open they are to abuse by governments - through control and Supply - Digital currency and Fiat – technically unlimited - Forms of gold standard – dependent on demand – which depends on the productivity of a nation   Digital currency would probably be the worst – then the current system – with a form of gold backed system being better – but still has problems It all comes back to control - The one-world currency option increases the centralisation of authority seen with fiat money. Rather than being a solution to current financial issues it is likely to increase them with the consequent social and economic effects - Look at another interesting concept of a people gold standard Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

Welcome to Finance and Fury, The Furious Friday edition.  In money system – need a reserve – gold, currency – gives a floor value which gives confidence Doesn’t provide much stability – Most central bankers use the same terms when talking about current international financial system – Incoherent – You have the AUD to USD drop, gold moves one direction, - completely disjointed – based around the models of international finance – not what they predict will happen – but still trying to manage Floating currencies are not stable - financial war easier – There has been a currency war going on since 2010 Remember QE – US dollars and treasury issues – what happens if your currency is pegged to USD? China – had to massively increase their money supply as well to keep currency exchange low – US growth from consumption, while China growth from exports – Yuan goes up, exports down But printing a lot of Yuan created inflation in china, along with the rest of the world – food, oil, commodities, USD is a form of global currency that assets are priced in If domestically you are experiencing inflation (or real devaluation of your currency) – price of food goes up Think about any financial asset – shares, property, bonds, gold, cash Each behaves differently in crash – shares go down, bonds gold go up, etc – but they are all priced in AUD If you crash AUD – our international buying power and wealth goes down – global system very fragile Very controlled - One country can devalue its currency to make it more competitive – has to be done slowly over time Think that is what the RBA is trying as well – based on theory – interest rates drop = carry trade = exchange rates change and drop due to interest levels here – but over time – demand for goods (now cheaper) go back up bringing currency with it Theory doesn’t work out so well – due to incoherent natures of currencies – Confidence – and that currencies of other countries are used as reserves What solution does the IMF see for its Reserves and stability of financial system problems? Gold? – but the price of gold would need to be pegged to USD$10k per ounce to form a currency reserve Hard to get enough – been trying – mining ramped up, China and Russia massively buying up gold Has every bar melted into new bullion to avoid fakes – fake gold going around But IMF have SDRs – China needed to hold a lot of gold to be accepted into the currency basket of Special Drawing Rights (SDRs) Special drawing rights are supplementary foreign-exchange reserve assets – IMF wants it as an international reserve asset SDR is the unit of account for the IMF – “The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members.” – what does that even mean? SDRs represent a claim to currency held by IMF member countries for which they may be exchanged – but only within the Financial System – There is no secondary market – unlike other forms of reserves/assets – bond etc SDRs originally a part of the monetary system - Bretton Woods arrangement post WW2. USA had almost all of the gold reserves of the world at that time – other countries left with little SDRs were intended as a supra-national currency that could be used instead of gold, thereby reducing dependence on gold (essentially the USA) – IMF first issued in 1969 to supplement its member countries’ official reserves (i.e. gold) Today - SDR 204.2 billion (equivalent to about US$291 billion) have been allocated to members, including 2009 - SDR 182.6 billion allocated in the wake of the global financial crisis -  to "provide liquidity to the global economic system and supplement member countries’ official reserves". The SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system, the SDR was redefined as a basket of currencies – floating currencies in the end China and Russia are storing Gold and urging the IMF to replace USD as the global currency reserve with SDRs Don’t like the reliance on USD as China and Russia have been on the raw end of the US Fed and Treasury Price based on a combination (weighted average) of multiple currencies – The IMF has its own reserve which has multiple currencies basket is reviewed every five years - reflect the relative importance of currencies in the world’s trading and financial systems - currency weights remain fixed over the five-year SDR valuation – but values with cross-exchange movements daily United States Dollar – 41.73%, Euro – 30.93%, Japanese Yen – 8.33%, Pound Sterling – 8.09%, China – 10.92% Interest rates - weighted average of all the currencies   Why are Special Drawing Rights (SDR’s) Required? to move away from the United States dollar-based system – which has already way too much debt – $22trn debt If the USD collapses (as it isn’t money but built on $22trn of debt and agreements) – world suffers Large consumer but wouldn’t be able to buy – would require monetary restrictions – leading to global liquidity issues Just the value drop – We buy US shares – Share values drop – purely based on AUD versus valued in USD USD to AUD $1 – own a share worth $100USD – USD goes to $2 per AUD – shares worth $50 These rumours suggest that these countries propose that Special Drawing Rights (SDRs) become the de-facto reserve currency of the world – avoid this risk Due to the USD being a global currency reserve – countries forced to hold it as part of their reserves – more risk   China – During the last review concluded in November 2015, the Board decided that the Chinese renminbi (RMB) met the criteria for inclusion in the SDR basket. Criteria: Exports – one of the top five exports in the world and member of the IMF Freely usable currency by the IMF- widely traded to make payments for international transfers fully aware of the fragile economic condition in which the United States economy stands forced to buy more and more United States treasury debt if it wants to keep its own economy afloat A lot of excess USD in their trillions or reserves – Hope to solve these problems with SDRs – still buy 41%   Benefits of the Special Drawing Rights (SDR’s) System – These are based around if the model actually works Reduced United States Dependence - no longer have to depend on the currency of United States to trade with each other More Stable System - Since essential commodities such as gold, oil and food grains will no longer be exclusively traded in dollars, the United States government will not be able to exert an undue influence on their prices by increasing and decreasing the money supply of dollars as much - minimalizes their effect Balance of Payment Issues: If the world were to go off a dollar-based system it would resolve a lot of balance of payment issues that are being faced. The United States is running a perpetual trade deficit with countries like China.   Disadvantages of the Special Drawing Rights (SDR’s) System Money Supply Becomes An Administrative Decision: If Special Drawing Rights (SDRs) become the reserve currency of the world, then the IMF would be in charge of regulating the money supply – for the whole world – would not have an open market of their own, the decision regarding whether the money supply should be expanded or contracted would end up becoming an administrative decision - The fact that all other economic parameters are extremely sensitive to changes in money supply, this is a dangerous situation to be in. Under the Articles of Agreement, when certain conditions are met, the IMF may allocate SDRs to members participating in the SDR Department in proportion to their quotas (known as a general allocation). A special one-time allocation in 2009 enabled countries that joined the IMF after 1981 (i.e., after previous allocations) to participate in the SDR system on an equitable basis. Members can buy and sell SDRs in the voluntary market. If required, the IMF can also designate members to buy SDRs. Abstract Nature: The Special Drawing Rights (SDRs) are an abstract weighted average. They are not an actual currency that can be used by people. As such, Special Drawing Rights (SDRs) will be extremely difficult to implement and manage, if they are ever introduced at the microeconomic level. The SDR mechanism is self-financing and levies charges on allocations which are then used to pay interest on SDR holdings – so IMF creates SDRs based on deposit currencies, loans them to a country and then the country needs to pay it back This is the current reserve system on crack Still have currency backing it:  replacing dollars with Special Drawing Rights (SDRs) would be like replacing one unstable system with another slightly less unstable system Nothing to stop the expansion of debt to fund projects SDRs serve as the premier mode of transfer for IMF loans to member nations in need of financial assistance SDRs are allocated via endowment or credit at the discretion of IMF authority while adhering the governing Articles of Agreement. The cost of borrowing, or yield to depositing, from the IMF is determined via the SDR Interest Rate (SDRi) – they will become the payday lenders of the world – predatory lending the IMF increased lending capacity to 690 billion SDR – in anticipation of global spending projects There are already agreements in place to dish out the loans - money created from the issue of SDRs – infrastructure projects across the world What projects going on? UN and their sustainable development goals – SDRs fit into this – need a global boost in the money supply to fund projects Studies and papers published on the benefits of issuing special drawing rights to low-income countries – part of infrastructure spending by the Governments Come back to this in the series on the UN Sustainable development goals – one part of the pie   The Bottom Line Special drawing rights are a form of world reserve asset - value is based on a basket international currencies SDRs are used by the IMF to make emergency loans and are used by developing nations to shore up their currency reserves without the need to run current account surpluses at the detriment of economic growth – Real part of the design – to make sure the high export countries don’t experience currency appreciation due to demand for goods Allows for a country to boost reserves (from a loan) to then increase their money supply and remain competitive German in EU example – strong exporter but EUR doesn’t reflect this - but on larger scale than just EU can only be accessed by members of the IMF- Central banks or nations who are members and play by rules Trouble is – I think most countries want this – China – still remains an exporter through lower inflation and still able to increase money supply to keep up with US increases Euro – China and USA are big trading partners – to make sure the Euro doesn’t collapse USA – want to avoid a currency collapse – as long as they stay the major economy still have largest weight of SDR – keep the game going Japan – Had no growth and inflation over a long time- been printing trillions of Yen – pumping into hard asset prices – but not enough inflation to start eroding their 240% debt to GDP Studies and papers published on the benefits of issuing special drawing rights to low-income countries – part of infrastructure spending by the Governments https://link.springer.com/article/10.1007/s11079-011-9232-2 https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR   Thanks for listening, if you would like to get in contact you can do so here. 

In Episode 036 , we discussed how the monetary system changes every 30-40 years and looked at possible contenders that could unseat the US Dollar as the new world reserve currency. Special Drawing Rights (SDR's) issued by the International Monetary Fund is the strongest contender alongside the Chinese Yuan to unseat the US Dollar as the world's reserve currency. Since we published Episode 036, there have been several developments regarding the SDR that I cover in today's episode. I talk about SDR-denominated bonds being issued in China and the G20 meeting that was held the 4-5 of September in Hangzhou, China. Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast     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 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

Available for less than 3 days before the votes, the 2,009 page "omnibus" government funding bill was signed into law. History will not look kindly upon provisions that give private companies immunity for forwarding data to the government, make policing political contributions illegal, repeal a food labeling law, restrict international travel, and allow environmental damage. Please support Congressional Dish: Click here to contribute with PayPal or Bitcoin; click the PayPal "Make it Monthly" checkbox to create a monthly subscription Click here to support Congressional Dish for each episode via Patreon Mail Contributions to: 5753 Hwy 85 North #4576 Crestview, FL 32536 Thank you for supporting truly independent media! Omnibus Outline Division A: Agriculture    Section 754: Prohibits the FDA from clarifying foods with partially hydrogenated oils as unsafe before June 18, 2018.    Section 759: Repeals Country of Origin Labels for beef and pork products    Section 761: Prohibits the sale of genetically engineered salmon until the FDA publishes final labeling guidelines and sets aside at least $150,000 for the labeling program.   Section 763: Prohibits the government from prohibiting the transportation, processing, sale, or use of industrial hemp   Division B: Commerce, Justice, Science    Section 202: Department of Justice money can’t be used to pay for an abortion unless the life of the mother is in danger - this is valid unless declared unconstitutional Section 204: The Director of the Bureau of Prisons will have to provide escort services to female names to get an abortion outside the Federal facility.   Section 516: “None of the funds made available in this Act shall be used in any way whatsoever to support or justify the use of toruture by any official or contract employee of the United States Government”   Section 520: A national security letter can’t be used by the Executive branch to stop the FBI from issuing national security letters    Section 527: Prohibits the transfer of Guantanamo Bay prison inmates to the United States   Section 539: Prohibits the transfer of Internet domain name system functions during fiscal year 2016   Section 542: Prohibits Dept. of Justice money from being used to prevent States from implementing their medical marijuana laws.   Division C: Defense    Section 8002: Puts no limit on the compensation for foreign people working at the Department of Defense in the Republic of Turkey   Section 8018: Prevents demilitarization and disposal of certain guns   Section 8067: A “buy local” requirement for military purchases of beer and wine   Section 8079: Says information pertaining to US citizens will only be handled according to the 4th amendment “as implemented through Executive Order No. 12333”    Section 8087: Prohibits the retirement, divestment, realignment, or transfer of RQ-4B Global Hawk aircraft   Section 8103:  Prohibits the transfer of Guantanamo Bay prison inmates to the United States   Section 8114: Prohibits realignment of forces at Lajes Air Force Base in Azores, Portugal unless determined that it is not “an optimal location for the Joint Intelligence Analysis Complex”   Section 8116: Prohibits the NSA from conducting “an acquisition” using FISA 702 “for the purpose of targeting a United States person” or from acquiring, monitoring or storing the contents of “any electronic communication” of a US person from a provider of electronic communication services to the public, as determined by FISA 501   Section 8123: Prohibits retirement of A-10 aircraft Section 8129: Prohibits retirement of KC-10 aircraft Section 8130: Prohibits retirement of EC-130 H aircraft   Section 8132: Prohibits any base closures   War on Terror   Section 9002: Allows the Defense Department to transfer an additional $4.5 billion to the War on Terror fund   Section 9006: Department of Defense “operation and maintenance” money can be used in Afghanistan and to counter ISIL   Section 9007: Prohibits permanent bases in Iraq, control of Iraqi oil, permanent bases in Afghanistan   Section 9012: $600 million for Jordan   Section 9014: $250 million for Ukraine for “assistance, including training, equipment, lethal weapons of a defensive nature… and intelligence support to the military and national security forces of Ukraine and for the replacement of any weapons or defensive articles provided to the Government of Ukraine from the inventory of the United States"   Section 9019: Money can’t be used in Syria in contravention of the War Powers Resolution including the introduction of United States armed or military forces into hostilities in Syria without consulting and reporting to Congress   Division D: Energy and Water    Section 105: Prohibits any changes to the “fill material” in waterways definition   Section 110: Prohibits permits from being required for discharges of “fill material”   Section 312: Prohibits implementation of energy efficient lightbulb regulations   Division E: Financial Services    Section 117: Can’t redesign the $1 bill   Section 127: Prohibits any change to regulations and standards used by the IRS "to determine whether an organization is operated exclusively for the promotion of social welfare for the purposes of section 501(c)(4)”    Section 613: Prohibits money paying for any health plans for Federal employees that cover abortions Section 614: Unless the life of the mother is at risk or the pregnancy is the result of rape or incest   Section 622: Defunds White House positions Director, White House Office of Health Reform Assistant to the President for Energy and Climate Change Senior Advisor to the Secretary of the Treasury assigned to the Presidential Task Force on the Auto Industry and Senior Counselor for Manufacturing Policy White House Direction of Urban Affairs   Section 627: Prohibits the government from requiring a telecom from turning over data it is storing   Section 629: Prohibits implementation of safety standards for recreational off-highway vehicles   Division F: Homeland Security    Section 526: Customs and Border Protection can’t stop an individual from importing prescription drugs  from Canada if they are carrying 90 day supply or less    Section 532: Prohibits the transfer of Guantanamo Bay prison inmates to the United States   Division G: Environment & Dept. of Interior    Section 117: Prohibits listing of the sage-grouse under the Endangered Species Act  Doesn’t say “for fiscal year 2016”    Section 404: Prohibits acceptance of patents for mining sites Some patents are grandfathered   Section 408: Prevents mining within National Monuments    Section 417: No money can be used to require permits for emitting carbon dioxide, nitrous oxide, water vapor, or methane emissions from livestock production.    Section 418: Prohibits regulations requiring mandatory reporting of greenhouse gas emissions from manure management systems.   Section 420: Prohibits regulation of lead in ammunition and fishing tackle   Division H: Labor, Health, and Education   Section 110: Prohibits implementation of a regulation for minimum wages for seasonal workers   Section 114: Prohibits enforcement of regulations designed to audit companies that use foreign workers   Section 210: Prohibits the promotion of gun control   Section 301: Prohibits bussing of kids to overcome racial imbalances   Section 303: Forces public schools to allow voluntary prayer and meditation programs   Section 508: Prohibits funding for research that creates, destroys, or injures human embryos   Section 522: Prohibits funds for ACORN   Division J: Military Construction and Veterans    Section 412: Prohibits the transfer of Guantanamo Bay prison inmates to the United States   Division K: Dept. of State    $4.7 billion for the “Foreign Military Financing Program”, $3.1 billion to Isreal, $1.3 billion to Egypt, $1.27 billion for Jordan, $658 million for Ukraine   Section 7007: No money can be given directly to Cuba, North Korea, Iran, or Syria   Section 7008: Rules for financing governments after military coups   Syria: Money can be used to “establish governance in Syria that is representative, inclusive, and accountable”   War on Terror: State Dept.    Section 9002: Increased US quota of the IMF fund to 40.8 billion Special Drawing Rights (SDR), about $55 billion as of 12/17 exchange rates   Division L: Transportation and Housing    Section 133: Continues the suspension of a regulation limiting commercial truck drivers to 60 or 70 hours per week.   Division M: Intelligence     Section 305: Limits the information the Privacy and Civil Liberties Oversight Board will have access to    Section 601: Prohibits the transfer of Guantanamo Bay prison inmates to the United States   Division N: Cybersecurity Act of 2015 Outline Coming Soon (CD113)    Division O: Other Matters   Section 101: Repeals the oil export ban    Title II: “Terrorist Travel Prevention and Visa Waiver Program Reform” Section 202: Requires people from countries participating in our visa waiver program to have machine readable, electronic passports to enter the US by April 1, 2016. Should have been available since 2005, but people with older passports didn’t need new ones. Now they will Section 203: Visas will be required from anyone who traveled to Iraq or Syria and possibly other countries since March 2011 Doesn’t apply to military members or government employees   Title III: Reauthorizes health program for 9/11 WTC responders through October 1, 2090   Section 402: Reauthorizes and expands 9/11 victim fund to include damages to business and employment opportunities Does not include mental health care   Section 411: Increases visa fees until September 30, 2025 for businesses who bring in foreign employees by about $4,000 $1 billion will be used to “implement the biometric entry and exit data system”, which will keep track of everyone’s exit and entry data electronically   Section 404: Creates a new program to give money to some victims of terrorism Money will be handed out by a “Special Master” appointed by the Attorney General Decisions of the Special Master will be “final” and “not subject to administrative or judicial review” Eligible people are US “persons” who won a court case against a “state sponsor of terrorism” Victims of the Iran Hostage Crisis will get $10,000 per day they were held, and their spouses and kids will get a lump sum of $600,000, with a maximum payment of $20 million per person and $35 million per family. The President will demand the payment from the offending country before sanctions can be lifted Over $1 billion will be given out during 2017, and the fund will close on January 2, 2026. Attorneys can get 25% of the payments Act of international terrorism = torture, extrajudicial killing, aircraft sabotage, or hostage taking   Section 702: Has something to do with exemptions and Wall Street    Section 707: “None of the funds made available by any division of this Act shall bemused by the Securities and Exchange Commission to finalize, issue, or implement any rule, regulation, or order regarding the disclosure of political contributions, contributions to tax exempt organization, or dues paid to trade associations”    Section 708: Repeals an exemption for the SEC from the Right to Financial Privacy Act, which allowed them to get financial records from banks without the customer’s knowledge   Section 1001: The budgetary effects of the “Other Matters” division and the Division P tax provisions will not be counted in the PayGo budget    Division P: Tax Related Provisions   Section 101: Delays the excise tax on high cost employer health plans until 2019.   Section 201: Puts a moratorium on a fee on health insurance providers   Section 301: Extends until 2020 and fades out tax credits for wind facilities   Section 303: Extends until 2022 and fades out tax credits for solar energy  Votes Passed the House of Representatives 316- 113 Passed the Senate 65-33 Audio Sources House Rules Committee Hearing: H.R. 2029 - Omnibus, December 16, 2015. Additional Information Article: The big new budget deal, explained by Ezra Klein, Vox, December 18, 2015. Article: Obama Signs $1.8 Trillion Tax and Spending Bill Into Law by Bill Chappell, NPR, December 18, 2015. Article: Congress Just Put Iranian-Americans and Others at Risk for Becoming Second Class Citizens by Murtaza Hussain, The Intercept, December 18, 2015. Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Cover Art Design by Only Child Imaginations

7 December 2015 - We are back with an all new show including a first-rate interview with Police Chief David Hewitt. For eleven years Chief Hewitt has been running a small town, Midwest department which is known for its considered approach to law enforcement. His thinking on social justice, the militarization of policing, use of force and the pressures being placed on law enforcement to fill gaps which are not being met at the source are all well worth hearing. Listen to him saying "You can't arrest your way to" a solution. If he could tell all departments across the nation one thing he said, "You can't take that bullet back." Every department is not Chicago or Ferguson. It's important to hear from a Chief who thinks deeply about the challenges and solutions in modern policing. Will reassures us that Turkey and Russia are very unlikely to go to war no matter what all the various talking heads are saying. These are nations which do not now and have not ever had an alignment of purpose but it is not in their interest to battle one another at this time. In his longer segment Will tries to make climate change more real to us all be describing what is happening in Florida already. I continue on the subject of taxes. Though I usually pull from many sources while I cover a topic, this time I lifted virtually my entire presentation from one given by Dr. Stephanie Kelton (now the Chief Economist for the Minority, Senate Budget Committee). If you have time you can view her entire presentation here. I promise that it is an hour well spent. At the beginning of the show I briefly update the decision by the International Monetary Fund to include the Chinese renminbi as part of the Special Drawing Rights (SDR) currency basket. Since that will be entirely unintelligible to most people (and with good reason) I refer you back to a segment I did on The After Show on 6 August 2015. (My segment begins about half way through the show.) There I explain SDR, the basket and China's desire for inclusion. To all those who have been communicating with us via a variety of channels, we LOVE hearing from you. You push us and for that we are grateful. An extra big helping of thanks goes out to Peter who always listens so closely and asks wonderful questions. It will take me a few weeks to get through them all but I'm on it! Carrots! - Arliss