Banks in Big Trouble. Seismic events on the horizon

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News Date: July 9, 2021

Banks are making desperate moves. Wells Fargo is shutting down all existing personal lines of credit in the coming weeks and no longer offers the product.
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to ten years.
But the increasing financialisation of commercial banking brings the risk of tying its future firmly to a financial bubble. And with price inflation on the increase, it is only a matter of very little time before that bubble bursts.
Sources: www.cnbc.com, www.goldmoney.com

President Donald J. Trump is Establishing America's Space Force

Our destiny, beyond the Earth, is not only a matter of national identity but a matter of national security. President Donald J. Trump's Space Policy Directive-4 is a bold, strategic step toward guaranteeing American space dominance that sets the framework for establishing the United States Space Force.
Source:whitehouse.gov

Antiwar Measures From NDAA

The House version of the 2020 National Defense Authorization Act (NDAA) set aside an irresponsibly large amount of money for military spending, but it also added some antiwar amendments and other very basic limitations. The House and Senate versions have now been reconciled into a final bill, and materially all of the limitations that the House voted on and approved.
Source:www.activistpost.com

State of the Union speech delayed to March

On the 20th January, Biden was scheduled to make his first State of the Union speech.
The speech has been delayed due to the current explosion of infections in the US, causing a breakdown in basic functions and services.
So, Joe Biden will give his first State of the Union address to Congress on March 1, the White House said.
Source: www.cnbc.com

Trump says China, Russia and North Korea will not be enemies

Donald Trump stated that Russia, China, and North Korea would not be considered enemies of the United States if it had a smart president.
He claimed that these countries were not adversaries during his presidency because he knew how to manage relationships with them.
Trump also argued that America's internal issues are more severe than external threats like Russia, China, and North Korea.

Iraq, one more brick to GESARA

The Iraqi Prime Minister has expressed interest in joining BRICS, pending an invitation from the founding members, showcasing Iraq's desire to strengthen its global ties.
Furthermore, Iraq is set to ban cash withdrawals and U.S. dollar transactions from January 1, 2024, signaling a shift in its financial strategy and greater economic autonomy.
These developments underline Iraq's proactive stance in international affairs.
The Iraqi Dinar (IQD) is experiencing a significant surge in the Foreign Exchange (FOREX) market, marking a turning point for Iraq's currency.
Several factors, including economic recovery, global recognition of Iraq's gold & oil reserves, and proactive measures by the government and central bank, have contributed to the IQD's newfound strength.
This surge is not only attracting investors but also enhancing Iraq's role in international trade. Ultimately, the IQD's rise is empowering both Iraq's economy and its citizens by increasing purchasing power and economic opportunities.