Debt relief for middle-income countries

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News Date: May 12, 2023

The President of the UN General Assembly advocates for debt relief for middle-income nations.
Csaba Korosi, president of the UN General Assembly, called for debt relief and fair access to new technology for middle-income nations on Thursday.
He stated at a high-level meeting of the General Assembly on middle-income countries that the 110 middle-income countries, which make up roughly one-third of the global GDP and three-quarters of the world's population, are the main forces behind global development.

Payroll Tax Cut

President Trump said Wednesday that he has the absolute right to suspend payroll tax collections without the approval of Congress.
The president has considered issuing an executive order suspending evictions and payroll cuts.
Source 1:www.foxbusiness.com/
President Trump recent tweeted Payroll Tax Cut plus Dollars!
Source 2:twitter.com
Also, in march 2020, Trump proposed eliminating payroll tax through the end of the year.
Source 3:www.nbcnews.com

Basel IV Regulations Impact for Banking Industry

Basel IV Rules Will Arrive and Complicate Bank Lives Even Further.
New Banking Rules Will Tighten Credit Standards, according to Morgan Stanley.
According to Morgan Stanley analysts, the Fed will issue new bank capital regulations between late May and early July, which will be followed by a comment period and a final rule that will be implemented gradually between 2025 and 27.
For their US Large-Cap Banks coverage, they anticipate that the implementation of this Basel IV, often known as the 'Basel III Endgame,' will result in increased risk-weighted assets (RWAs) and capital requirements, with a focus on Global Systemically Important Banks (GSIBs).
The name 'Basel' comes from the city of Basel in Switzerland, where the Basel Committee on Banking Supervision was established in 1974.
The committee is made up of representatives from central banks and regulatory authorities from around the world, and its primary goal is to promote international financial stability by developing and promoting supervisory standards and guidelines for the banking industry.

Zimbabwe ready to dump US dollar

Zimbabwe Must Revert to Using Own Currency, Ruling Party Says.
ZANU PF National spokesperson Christopher Mutsvangwa says the country will soon dump the American dollar in favor of the local currency, Zimdollar.
He said abolishing the multi-currency would help Zimbabweans get value for their money.
Sources: zwnews.com

Australia closer to a cashless society

Australia's big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society.
Sources:www.dailymail.co.uk, www.atmmarketplace.com

What is a silver short squeeze?

The idea of a silver squeeze, in very basic terms, is this: The silver price - so the theory goes - has been artificially held down by people (hedge funds, institutions, etc.) who "short" silver. This means they are betting that the price of silver will fall.
To short, or short-sell means borrowing a share or commodity, and then selling it. If the price falls, I can buy it back at a lower price, return it to the lender, and pocket the difference. But if the price rises, I am forced to buy it back at a higher price, and I lose money.
If a lot of new investors rush to buy silver, raising the price, the short-sellers will be forced to buy it back at a much greater price. This ever-increasing upward pressure forces prices higher. It is more complex than that, but this is the bones of a silver squeeze.
This is a movement to help level the playing field between everyday people and the billionaires who control the big financial institutions that control the money, and thus control us. It is a movement to wake people up to what is been happening, and to help us, together, start to reclaim the power we have unwittingly allowed others to have over our lives. Big banks have made big fortunes by manipulating the silver market for decades. Although many have tried, and some have come close, no one has been strong enough to completely break their stranglehold. Until now.
The silver market is the Achilles heel of the old system, and its time has come.
Sources: silverseek.com, www.fool.co.uk