China`s new digital currency e-yuan is a big threat to the US dollar. E-yuan is expected to give China`s government vast new tools to monitor both its economy and its people. This is not only about the CCP`s ability to control China`s economy but also about their increasing global power, and it`s long running battle with the US dollar.
China has long said they are in war on Bitcoin. What some people don`t like is that Bitcoin is decentralized, but China`s digital currency is controlled by the CCP. In other words; the CCP can see everything you are doing with it.
Nearly 90% of foreign-exchange transactions involve dollars and more than 60% of all global central-bank reserves are held in dollar-denominated assets, and that gives the US tremendous power. But China doesn`t like that at all.
This is obviously a US security issue, but it doesn`t look like the Biden administration care much about right now. But they should, and that very fast if you ask me. The US often use sanctions on other countries, but now China can use their digital currency as a weapon on the US.
The communist China are pushing the IMF to the SDR (special drawing rights) issue. The currency value of the SDR is determined by summing the values in U.S dollars, based on market exchange rates, of a basket of major currencies.
The IMF`s SDR, the international reserve asset created in 1969 to prepare for a new dollar crisis, is undergoing a renaissance, with important worldwide repercussions. The announcement of by far the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power.
The US now agrees with using the IMF`s balance sheet to boost world liquidity. They are planning to more than triple SDR allocations by at least $500bn. This reflects a change in US policy to back measures strongly advocated last year by China as well as leading European and African countries.
Rich nations with large reserves will distribute part of their plentiful SDR stocks to poor countries.
The massive increase in SDR reserves, which can be converted into its five constituents; the dollar (42%), euro (31%), renminbi (11%), yen (8%) and sterling (8%) will indirectly boosts the Chiniese currency`s international reserve role, according to OMFIF (Official Monetary and Financial Institutions Forum).
In 2009, the United Nations suggested a new SDR-based global reserve system, feasible non-inflationary, and easily implemented, including in ways which mitigate the difficulties caused by asymmetric adjustment between surplus and deficit countries.
That same year, Zhou Xiaochuan, governor of the People`s Bank of China, proposed that the SDR could become the pivotal internationall reserve currency, disconnected from individual nations, as the light in the tunnel for the reform of the international monetary system.
Is this how they`re gonna reset the international monetary system?
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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
A once in a generation investment. That`s what president Biden called his $2 billion program of infrastructure spending. Biden said it will create millions of jobs while giving roads, utilities and American industry a badly needed upgrade.
But somebody have to pay for it, but who? «We the people» of course. The corporations. And there is one simple way to do that: TAX. Minimum wages are rising. So are the taxes, and what is that suppose to mean? It means the inflation is coming.
«I`m proposing a plan for the nation that rewards work. Not just rewares wealth. It builds a fair economy that gives everybody a chance to succeed. And it`s going to create the strongest, most resilient innovative economy in the world,» Biden said in a speech a few days ago.
The Biden administration plans on modernizing 32,000 kim of highway, 500,000 charging points for electric autos, and bringing back key industries such as chip production back to the U.S. Chips are still mostly produced in Asia. (Bringing back chip industries sounds like a Trump strategy).
The project is expected to take eight years to complete, and some of the funding will come from a corporate tax hike from 21 to 28 percent. Biden`s supporters say the program will create millions of well.paid jobs, and stregthen America`s ability to compete with China.
2 trillion dollars is a lot of money and there is no doubt that this program will boost the semiconductor industry, but also the EV industry.
Biden said he is not worried about the U.S economy at all. At the same time, Janet Yellen makes a push for global minimum corporate tax. She doesn`t want a race to the bottom, and warns of dangers to the American economy if U.S acts alone in raising corporate tax rates.
When Obama hiked corporate taxes, businesses fled. One of the largest corporations in the world; Apple, ended up in Irland thanks to a great offshore plan, but Trump were bringing the company back to the U.S.
It speaks for itself. The more money corporations pay in tax, the less competetive they are on the world stage.
The time we are living in today, is similar to the 30`s, and Biden`s infrastructure plan is often comparead to Franklin D. Roosevelt`s «New deal».
President Franklin D. Roosevelt
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.
The programs focused on what historians refer to as the «3 Rs»; relief for the unemployed and poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression ( the stock market crached in 1929).
The first deal (1933 – 1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration provided $500 million ($9,88 billion today) for relieft operations by states and cities, while the short-lived CWA gave locals money to operate Make-work projects in 1933 – 1934.
The Securities Act of 1933 was enacted to prevent a repeated stock market crash.
The second New Deal in 1935 – 1936 included the National Labor Relations Act to protect labor organizing, the Works Progress Administration relief program (which made the federal government the largest employer in the nation), the the Social Security Act and new programs to aid tenant farmers and migrant workers.
The final major items of New Deal legislation were the creation of the United States Housing Authority and the FSA, which both occurred in 1937, and the Fair Labor Standards Act of 1938, which set maximum hours and minimum wages for most categories of workers.
Keep in mind that all this happened a few years before the World War II occurred.
The economic downturn of 1937 – 1938 and the bitter split between the American Federation of Labor and Congress of Industrial Organizations labor unions led to major Republican gains in Congress in 1938.
Conservative Republicans and Democratas in Congress joined the informal conservative coalition. By 1942 – 1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals.
Nonetheless, Roosevelt turned his attention to the war effort and won reelection in 1940 – 1944. Furthermore, the Supreme Court declared the NRA and the first version of the Agricultural Adjustment Act unconstitutional, but the AAA was rewritten and then upheld.
Republican president Dwight.D. Eisenhower (1953 – 1961) left the New Deal largely intact, even expanding it in some areas. In the 1960`s, Lydon B. Johnson`s Great Society used the New Deal as inpiration for a dramatic expansion of liberal programs, which Republican Richard Nixon generally retained.
However, after 1974 the call for deregulation of the economy gained bipartisan support. The New Deal regulation of banking (Glass-Steagall Act) lasted until it was suspended in the 1990`s.
From 1929 to 1933 manufacturing output decreased by one third, which economist Milton Friedman called the Great Contraction. Prices fell by 20%, causing deflation that made repaying debts much harder.
Unemployment rate from 1910 to 1960
Unemployment in the United States increased from 4% to 25%. additionally, one-third of all employed persons were downgraded to working part-time on much smaller paychecks. In the aggregate, almost 50% of the nation`s work-power was going unused.
Before the New Deal, deposits at banks were not insured. When thousands of banks closed, depositors lost their savings as at that time there was no national safety net, no public unemployment insurance and no Social Security.
The depression had devastated the nation. As Roosevelt took the oath of office at noon on March 4, 1933, all state governors had authorized bank holidays or restricted withdrawals. Many Americans had little or no access to their bank accounts.
Farm income had fallen by over 50% since 1929 (stock market crash). An estimated 844,000 non-farm mortgages had been foreclosed between 1930 – 1933, out of five million in all. Political and business leaders feared revolution and anarchy.
Real GDP from 1910 to 1960
In 1935, Roosevelt called for a tax program called the Wealth Tax Act (Revenue Act of 1935) to redistribute wealth. The bill imposed an income tax of 79% on incomes over $5 million. It raised the bitterness of the rich who called Roosevelt «a traitor to his class» and the wealthy tax act a «soak the rich tax».
The Roosevelt administration was under assault during Roosevelt`s second term,which presided over a new dip in the Great Depression in the fall of 1937 that continued through most of 1938. Production and profits declined sharply.
Unemployment jumped from 14,3% in May of 1937 to 19% in June 1938. The downturn was perhaps due to nothing more than the familiar rhythms of the business cycle, but until 1937 Roosevelt had claimed responsibility for the excellent economic performance.
That backfired in the recession and the heated political atmosphere of 1937.
Keynes did not think that the New Deal under Roosevelt ended the Great Depression: «It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on the scale necessary to make the grand experiments which would prove my case, except in war conditions.»
Worldwide, the Great Depression had the most profound impact in Germany and the United States. In both countries the pressure to reform and the perception of the economic crisis were strikingly similar.
When Hitler came to power he was faced with exactly the same task that faced Roosevelt, overcoming mass unemployment and the global Depression. The political responses to the crisis were essensially different; while American democracy remained strong, Germany replaced democracy with fascism, a Nazi dictatorship.
The initial perception of the New Deal was mixed. On the one hand, the eyes of the world were upon the United States because many American and European democrats saw in Roosevelt`s reform program a positive counterweight to the seductive powers of the two great alternative systems, communism and fascism.
As the historian Isaiah Berlin wrote in 1955: «The only light in the darkness was the administration of Mr. Roosevelt and the New Deal in the United States».
By contrast, enemies of the New Deal sometimes called it «fascist», but they meant very different things. Communists denounced the New Deal in 1933 and 1934 as fascist in the sence that it was under the control of big business. They deopped that line of thought when Stalin switched to the «Popular Front» plan of cooperation with liberals.
To contact the author: post@shinybull.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Donald Trump is the man behind the words; FAKE NEWS! And it`s a reason for that; The Mob is lying to you. Not only in America, but in Europe as well. This is a big problem. It`s devastating and the Mob is undermining the democracy.
The Media Mob told you that Trump told the investigator in Georgia to «find the fraud» and that the Georgia secretary of state would be a «national hero» if she did so. But it`s all a big, big, big lie! Fake News!
Two months after the publication of this story, the Georgia secretary of state released an audio recording of President Donald Trump`s December phone call with the state`s top elections investigator.
The recording revealed that The Post misquoted Trump`s comments on the call, based on information provided by a source. Yes, SOURCE. Trump did not tell the investigator to «find the fraud» or say she would be «a national hero» if she did so.
Instead, Trump urged the investigator to scrutinize ballots in Fulton County, Ga., asserting she would find «dishonesty» there. He also told her that she had «the most important job in the country right now.»
The Media Mob are so breathtakingly corrupt, and this kind of mistake is beyond serious. There`s zero accountability in major corporate media anymore, yet they continually insist they`re the ones holding the line on the truth, but they`re not. They make up quotes based on anonymous sources.
Two months later, Washington Post concedes they misquoted Trump`s call with Georgia officials. Two months later, The Washington Post made a correction to a January story about a phone call between then-President Donald Trump and Georgia elections investigator Frances Watson.
Some people think that Trump is a crazy man because he said «find the fraud» and «you will be a national hero», but it was a big lie. Fake news. And WAPO admitted it wrongly attributed multiple quotes to Mr. Trump based on an anonymous source.
So, what do people think about Trump now? The Trump Haters are blinded by hate, and they will not change their mind despite the fact that most of what they have heard is fake. But the lies have been good business.
The left-wing networks CNN and MSNBC relied almost exclusively on anti-Trump content to attract viewership over the past four years, but now as Trump has left the office, the left-wing networks are witnessing their ratings nosedive at unprecedented levels.
CNN`s ratings during primetime hours plummeted by a whopping 44% after Trump left office.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Donald Trump is still popular. In 2018, Republicans used to call Ronald Reagan the best president in US history, but now, in 2021, it`s Donald Trump, according to the latest Economist/YouGov poll. Trump is at the top (36%), while Ronald Reagan is second (18%), followed by Abraham Lincoln (13%).
Among all Americans, Donald Trump comes in third at 13% with Barrack Obama on top of the list at 18%, followed by Abraham Lincoln at 17%. President Joe Biden is not on the list at all, as he had served less than 20 days when the survey began.
I support all the presidents no matter what side they are on, but that doesn`t mean I agree with all they do and say. Right now, Biden is the president, and he has a lot of things to fix. And Trump talked about it in his speech at CPAC.
«We`re in the middle of a historic struggle for America`s future, America`s culture, and America`s institutions. Our very identity as Americans is at stake, like perhaps at no other time, so no matter how much the Washington establishment and the powerful special interests may want to silence us, let there be no doubt; we will be victorious and America will be stronger and greater than ever before,» Trump said in the speech.
Much of the crazy ideas are coming from the left side. Ideas like language are violent, don`t practice yoga or cook Chinese food, there is no such thing as biological sex and only white people can be racist. Many people are confused by these ideas.
Do you wonder how some people on the left side have managed so quickly to challenge the very logic of Western society?
What`s going on in America is not unique. It`s the same playbook in Europe as well. President Macron talked about it a few days ago and said he doesn`t want all these crazy ideas from the left in France. Sorry Macron, but it all started there; in France.
It`s an evolution from French postmodernism to its refinement within activist academic fields. Today we can recognize it by its effects, such as cancel culture and social-media dogpiles, as by its tenets, which are all too often embraced as axiomatic in mainstream media:
knowledge is a social construct; science and reason are tools of oppression; all human interactions are sites of oppressive power play, and language is dangerous. As they warn, the unchecked proliferation of these anti-Enlightenment beliefs presents a threat not only to liberal democracy but also to modernity itself.
This is what authors Helen Pluckrose and James Lindsay talk about in their book; «cynical theories.» While acknowledging the need to challenge the complacency of those who think a just society has been fully achieved, Pluchrose and Lindsay break down how this often-radical activist scholarship does far more harm than good, not least to those marginalized communities it claims to champion.
They also detail its alarmingly inconsistent and illiberal ethics. Only through a proper understanding of the evolution of these ideas, they conclude, can those who value science, reason, and consistently liberal ethics successfully challenge this harmful and authoritarian orthodoxy, in the academy, in culture, and beyond.
During the modern period in the last two centuries in most Western countries, there has been developed a broad consensus in favor of the political philosophy known as «liberalism.»
The main tenets of liberalism are political democracy, limitations on the powers of government, the development of universal human rights, legal equality for all adult citizens, freedom of expression, respect for the value of viewpoint diversity and honest debate, respect for evidence and reason, the separation of church and state, and freedom of religion.
These liberal values developed as ideas and it has taken centuries of struggle against theocracy, slavery, patriarchy, colonialism, fascism, and many other forms of discrimination to honor them as much as we do, still imperfectly today, Pluckrose and Lindsay said.
But the struggle for social justice has always been strongest when it has cast itself as the defender of liberal values universally, insisting that they are applied to all individuals, not just to wealthy white males.
It must be noted that the general philosophical position that we call «liberalism» is compatible with a wide range of positions on political, economic, and social questions, including both what Americans call «liberal» (and Europeans call «social-democratic») and modern forms of what people in all countries call «conservative.»
This philosophical liberalism is opposed to authoritarian movements of all types, be they left-wing or right-wing, secular of theocratic.
Liberalism is thus best thought of as a shared common ground, providing a framework for conflict resolution and one within which people with a variety of views on political, economic, and social questions can rationally debate the options for public policy.
However, we have reached a point in history where liberalism and modernity at the heart of Western civilization are at great risk on the level of the ideas that sustain them.
The precise nature of this threat is complicated, as it arises from at least two overwhelming pressures, one revolutionary and the other reactionary, that are waging war with each other over which illiberal direction our societies should be dragged.
Far-right populist movements claiming to be making a last desperate stand for liberalism and democracy against a rising tide of progressivism and globalism are on the rise around the world.
Trump said in the speech that his movement is successful. «We began it together four years ago and it is far from being over,» he said.
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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Trump is silenced on Twitter, but he will have his first speech since leaving the White House on Sunday. A former senior adviser to President Trump, Stephen Miller predicts he will talk about the U.S economy, to open the schools back up again, and immigration.
Furthermore, he will talk about standing up against Communist China and the blue-collar working-class agenda. American conservative union chair, Matt Schlapp said that one of the reasons Trump was a great conservative president is because conservatives didn`t immediately go on the attack like so many others in the establishment.
Focus on the politics. Not the person, Matt said. This is probably why so many were blinded by hate. These people painted themself into a corner and stayed there for four years. That is painful and a big mistake.
Everybody is looking forward to Trump`s speech on CPAC on Sunday.
To contact the author: post@shinybull.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Ket Garden
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