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French Income tax would be scrapped for everyone under 30, and interest-free loans of up to €100,000 would be offered to younger families under Marine Le Pen

It`s time for the final round of the presidential battle in France, and Wednesday 20th will be critical for both, Macron and Le Pen. Those who win the war on words on Wednesday can end up as the next president in France.

But many people in France don`t know what to vote for this time. Le Pen is a far-right politician, and she and her party are in a good position to win this time. Opinion polls show that 47% of French voters want Le Pen to win.

Marine Le Pen sent shockwaves through Europe with her latest comments on NATO.

Le Pen said in a press conference that France will leave NATO if she wins the presidency. In 2019, Macron warned Europe and said; NATO is becoming brain-dead. He also said that Europe can no longer rely on America to defend NATO allies.

Macron said on October 21, 2019, that it is high time for Europe to «wake up».

Le Pen also suggested a strategic reconciliation between NATO and Russia once the war is over. On top of that, she wants to reform the EU from the inside. This is why Europe and NATO are so nervous over the French election on Sunday.

Le Pen believes that France can be useful in the resolution of the world`s great disorders, if and only if it is independent. What protesters don`t like is that Le Pen will start an alliance with Putin if she wins the election.

This election is crucial not just for France, but for the whole of Europe, and this is why investors should care. Le Pen is opposed to globalization, and she believes that it is a threat to French society. She proposed the replacement of the world trade organization. And the abolition of the IMF.

Le Pen is also against immigration and considers it a tool of Islamic extremism. Her party is best known for immigration issues, but less known for its economic policies. But she has changed since 2017, and she`s more focused on people`s cost of living.

She wants to eliminate VAT on a basket of foods while cutting the rate from 20 to 5 percent on electricity and petrol. She is more protectionist, and nationalist than Macron who is considered to be a man with a business-friendly agenda.

«Give the French their money back», is Le Pen`s slogan, and she has proposed big tax cuts and new spending. Income tax would be scrapped for everyone under 30, and interest-free loans of up to €100,000 would be offered to younger families, with the debt forgiven if they had three children.

This is good news for yellow vest protesters that started the «Gilets Jaunes» movement in France in 2018, originally a protest against a tax rise on petrol and diesel.

A French sovereign wealth fund would be created to promote an economy focused on what she calls «localism» as opposed to Macron`s «globalism».

People in France believe that Macron is a «president of the rich», and younger voters are angry mostly because of the nationwide cost of living crisis. Younger voters are also angry because of the lost years of their life due to the Covid pandemic and government lockdowns. This has also made an anti-establishment group against the French government.

Marine Le Pen knows this, and that`s why she is focusing on younger voters. The inflation in the eurozone is at its highest ever, and purchasing power and the cost of living is the single most important issue for 58% of voters and a clear majority within every age group except for those 18 to 24, for whom the environment ranks first.

Marine Le Pen is anti-NATO and anti-EU, friendly with Russia`s Vladimir Putin, and she doesn`t want a Frexit, and that has come under scrutiny.

Last Sunday was a good day for Mèlenchon, who finished close behind Le Pen. Polls suggest 30% of Mèlenchon voters might vote for Macron, and 23% for Le Pen. The rest is expected to abstain or vote blank next Sunday.

Macron made history in 2017 when he became the youngest president in France at the age of 39. He promotes democracy and liberalism, and he`s a globalist. He is a favorite to win the election, and 53% want him to be re-elected.

But, it can also be a close race, while 40% of the French voters are still undecided, so the outcome is uncertain. If Macron wins again, it would be a symbolic moment as he will be the first president for 20 years to win a second term.

Four years ago, the man behind Brexit, Nigel Farage, predicted that Marine Le Pen will win the French presidential election in 2022. Time will show.

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.

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China`s digital currency dominance

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.

Photo by David McBee on Pexels.com

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.

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A “Great Reset” of Capitalism

The world economy is in bad shape and it can be worse. Professor Roubini predict a Great depression, not only for 2020, but for the decade of the 2020`s. What does this crisis we`re in really mean? For someone out there it means a great opportunity. It means a great reset.

«The Great Reset» will be the theme of a unique twin summit to be convened by the World Economic Forum in January 2021. In-person and virtual dialogues will address the need for a more fair, sustainable and resilient future, and a new social contract centred on human dignity, social justice and where societal progress does not fall behind economic development.

Founder and Executive Chairman of WEF, Klaus Schwab wrote in his article called «The time for a great reset» that there is a good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930`s.

But, while this outcome is likely, it is not unavoidable.

Furthermore, Claus wrote this; to achieve a better outcome, the world must act jointly and swiftly to rewamp all aspects of our societies and economies, from education to social contracts and working conditions.

Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a «Great Reset» of capitalism.

The crisis we`re in, together with COVID-19, will deepen and leave the world even less sustainable, less equal, and more fragile. Incremental measures and ad hoc fixes will not suffice to prevent this scenario. We must build entirely new foundations for our economic and social systems.

Managing Director at IMF, Kristalina Georgieva also had the headline «The Great Reset» a few weeks ago. My thanks to His Royal Highness the Prince of Wales and th Professor Schwab for bringing us together, she wrote in the opening.

Furthermore, she wrote this in her article: Now is the time to think of what history would say about this crisis. And now is the time for all of us to define our own role. Will historians look back and say this was the moment of a Great Reversal? Today, we see very worrying signs.

One hundred and seventy countries are going to finish this year with a smaller economy than at the start of the year, and we already project that there will be more debt, bigger deficits, and more unemployment. And there is a very high risk of more inequality and more poverty.

Unless we act.

So, what would it take for historians to look back at this crisis as the moment of Great Reset?

From the persepective of the IMF, we have seen a massive injection of fiscal stimulus to help countries deal with this crisis, and to shift gears for growth to return. It is of paramount important that this growth should lead to a greener, smarter, fairer world in the future, Kristalina Georgieva wrote.

IMF and WEF see some tremendous opportunities. Heh… It seems like a New World Order is on the way…..

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China`s growth is the weakest since 1992 and the pace of global economic activity remains weak as well

The worlds fastest-growing region is slowing and show sign of a darkening global outlook. Just look at Chinas Q3 growth. It`s the weakest growth in 28 years. The Chinese economy advanced 6% YoY in Q3 2019 and that is the weakest since 1992.

China have a trade tension with the U.S, weakening global demand and alarming off-balance-sheet borrowings by local governments. IMF said on Friday that the growth can get worse, but Japanese Finance Minister Taro Aso said «All policy tools must e used to achieve sustainable growth.»

In its World Economic Outlook report on Tuesday, the IMF cut its economic growth forecast for the Asia-Pacific region to 5,0% for this year and 5,1% for 2020, and that is the slowest pace of expansion since the global financial crisis.

A faster-than-expected slowdown in Chinas economic growth could also generate negative spillovers in the region, as many Asian countries have supply chains closely tied to China, the IMFs Rhee said.

The IMF slashed China`s growth forecast to 6,1% for this year and 5,8% for 2020, pointing to the impact from the trade conflict and tighter regulation to address excess debt. But China is not alone.

The pace of global economic activity remains weak, and after slowing sharply in the last three quarters of 2018, momentum in manufacturing activity, in particular, has weakened substantially, to levels not seen since the global financial crisis.

Rising trade and geopolitical tensions have increased uncertainty about the future of the global trading system and international cooperation more generally, taking a toll on business confidence, investment decisions, and global trade.

A natable shift toward increased monetary policy accommodation, through both action and communication, has cushioned the impact of these tensions on financial market sentiment and activity, while a generally resilient service sector has supported employment growth.

To strengthen resilience, policymakers should address financial vulnerabilities that pose risks to growth in the medium term.

Making growth more inclusive, which is essential for securing better economic prospects for all, should remain an overarching goal.

A positive cheerleader like Trump is the right man to reach that goal. Not the Media-Mob-Clowns talking about recession ever day. What is Trump doing for his country? What about the Media Mob?

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India`s Prime Minister Narendra Modi is doing something right and they can surpass China very soon

Theresa May is negotiating with the European Union and investors are concerned about a hard landing on these Brexit deals. It`s difficult to know exactly the outcome of the Brexit deal but what we do know is that the British economy grew 1,7% YoY in the second quarter of 2017.

Not so much compared to Chinas 6,9% growth, which is the best G20 country followed by India at 5,7%. Britains economy fell from 2,0% to 1,7% and that is the opposite direction of India`s growth. Can India grow by a greater margin than China this year?

 

 

According to IMF, Indias economy will grow by a greater margin than China in 2017. Not only that. Indias innovation growth rate is expected to rise significantly over the next 15 years, placing it ahead of Russia and close to surpassing China, according to a new report.

China is the leading nation in terms of innovation among BRICS countries, but India`s Prime Minister Narendra Modi must be doing something right. India is set to see a surge in innovation and could surpass China by the end of the next decade.

According to Chinas Science Technology Exchange Center, Indias innovation growth rate is expected to rise significantly over the next 15 years, placing it ahead of Russia.

India`s economy is expected to grow by 7,2% in 2017, according to IMF. A new study highlights the growth that can be expected in intellectual advances, such as science and technology, which are often perceived as indicators of future growth.

It`s BRICS Innovation Competitiveness Report 2017 predicted that the innovation competitiveness of India would see a significant rise with its growth rate probably surpassing China between 2025 – 2030.

What is India`s Prime Minister Narendra Modi actually doing right? He has been taking notable steps forward in innovation, supported by a reform agenda.

Government schemes such as Digital India, which expands the countrys online infrastructure, and StartUp India, which promotes financial backing for entrepreneurs, have been unveiled to boost the countrys innovation and technology sectors.

India`s growing information technology and scientific expertise have also helped turn it into an increasingly dominant outsourcing hub.

So far, China is still the leader in terms of innovation competitiveness among BRICS nations, followed by Russia, South Africa, Brazil and India.

Europe is struggling to follow. Ireland is the best country with its 6,10% growth, followed by Romania with 5,9% growth and Estonia with 5,7% growth YoY.

At the bottom in Europe we find Norway with only 0,20% growth, Macedonia by its 0% and at the very bottom Liechtenstein with negative -1,9% growth.

Monaco, Liechtenstein and Luxemburg are the richest countries in the world measured by GDP per capita.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull 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. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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