HOME

World is threatened with famine

Leave a comment

World is threatened with famine – warning of German minister

(information on important politics meeting from Czech web)

Russia's invasion of Ukraine threatens the world's biggest famine since World War II. At a press conference on Wednesday18th May 2022 German Development Minister Svenja Schulze said this at the start of a two-day meeting of development ministers from the countries of the group of major world economies of the G7. She said that it was therefore necessary to create an international alliance for food security.
"Food security was a problem before the war, but the Russian invasion of Ukraine dramatically escalated the situation," Mrs.Schulze said. "The world is facing the biggest famine since World War II," she warned.

The G7 food ministers invited as guests Indonesia, which now chairs the G20 group of the world's largest economies, India, Senegal and representatives of the UN development programme and the World Bank. Ukrainian prime minister Denys Shmyhal will also participate in the debates via video link.
One of the main topics of the meeting will be ensuring the export of agricultural products from Ukraine. Many countries in North Africa and Asia depend on this land, which is called the breadbasket of Europe.

Due to the Russian blockade of Ukrainian Black Sea ports, it is impossible to export grain and other food by sea, European states, including Poland and Germany, began to organize export by rail.

Thus, according to the German minister, food security is the most pressing issue that the ministers of the countries of the group will discuss. In Europe, we have too many fields sown with profitable crops, relying on imports from Ukraine, Russia and India. All three countries have enough to worry about.


Many of us can ask how it is possible that Africa, where it is possible to harvest crops twice a year is constantly dependent on food aid?

Global annual wheat production exceeds 700 million tons and is growing every year. The largest wheat producer is the European Union with an annual production of around 150 million tonnes. France and Germany have the largest share here. Only China, with a production of 130 million tonnes a year, can match Europe in wheat production. India ( 90 million tons) is also a major producer.  Russia (70 mil. tonnes) and the USA (60 mil. tons). In the Czech Republic, about 5.5 million tons of wheat are grown annually.
The EU is the largest consumer of wheat, accounting for 18% of global consumption. This is followed by China (17%), India (12%) and Russia (6%). Most of the wheat is consumed in the countries where it is grown, and about a fifth of the production goes to international trade. The largest wheat exporters are the United States (26% of global exports), Canada (14%) and Russia (10%).

Another important agriculture product is sunflower seed for oil production.
The three most important world growers produce 70-75% of the total volume of sunflower seeds. This is on first place  Ukraine (for the marketing year 2021/2022, the production estimate was about 17 million  tons), Russia (15,5 million t) and the European Union ( 10.5 million t).

Not only are food prices in Europe and around the world already rising rapidly, but the situation may get even worse. Let's hope that politicians will find a quick and good solution.

                    Thank you for reading

                                                       Margaret
 

Tim Moseley

HOME

Historic Gerrymander Win Could Set National Precedent

Leave a comment

Historic Gerrymander Win Could Set National Precedent

by Micah Morrison, chief investigative reporter, Judicial Watch

 

Historic Gerrymander Win Could Set National Precedent

 

The Judge Was Not Pulling Any Punches

Siding with Judicial Watch in a challenge to a congressional redistricting plan cooked up by Democrats dominating the Maryland state legislature, Judge Lynne Battaglia—herself a Democrat—threw haymakers. The Democrat redistricting map was an “extreme partisan gerrymander.” Democrats had attempted to “suppress the voice of Republican voters.” It was drawn up with “partisanship as predominant intent.” It violated state constitutional provisions on equal protection and free speech. It subordinated “constitutional criteria to political consideration.”

Making history—for the first time, a Maryland court ruled that a congressional redistricting plan violated the state constitution—Judge Battaglia banned the use of the gerrymander map and ordered the Maryland General Assembly back to the drawing board.

Judicial Watch President Tom Fitton hailed the decision. “This key court victory against abusive partisan gerrymandering by Democrats in Maryland could set a national precedent,” he said. Maryland Governor Larry Hogan called it “a historic milestone.”

 

 

Judicial Watch filed the lawsuit on behalf of twelve Maryland voters who objected to the state legislature’s plan and was joined at trial by a second set of plaintiffs. The argument? The gerrymandered maps diminished their right to participate in a free and fair election on an equal basis with other Maryland voters. The court agreed.

The March ruling has begun to echo through the national debate. In New York, in April, the state’s highest court rejected a new redistricting map favored by Democrats dominating state politics. The court ruled that the map violated a state prohibition on partisan gerrymandering, saying it was created with “impermissible partisan purpose.” Court observers say the Maryland case was discussed in briefings and oral arguments in New York.

In 2019, the Supreme Court rejected political gerrymandering claims brought solely under the federal Constitution. Since then, the battle over redistricting has spread to state courts throughout the country. According to experts surveyed by Judicial Watch, cases related to gerrymandering and redistricting are underway in nineteen states. Among the states are the electoral powerhouses Texas, Florida, Georgia, Wisconsin, Michigan, and Ohio. You can read about some of the upcoming cases here.

Tough anti-gerrymandering measures are one way to start cleaning up dirty election practices, says Robert Popper, Judicial Watch’s director of voting integrity efforts. Gerrymandering is a “method of cheating [that] has been around for 200 years,” Popper told journalist Tim Pool. “If you’re a state that doesn’t have an anti-gerrymandering provision, then suddenly it’s a political issue. Why don’t you? You want districts that are ugly and screwed up for partisan advantage, you want to cheat opponents in state elections.”

In Maryland, the state legislature quickly capitulated in the face of the court ruling and signed on to a new, fairer redistricting map. In New York, redistricting has been turned over to a special master. But Popper warns of trouble in states where political gerrymandering survives, with partisan operatives possibly turning to “new, computer-generated maps” that could become “so convoluted that’s it’s effectively like you don’t have a district at all.” We’re not there yet, says Popper. “But if we don’t deal with gerrymandering, my prediction is, that’s coming.”

 

New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives through the democratization of power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com for example will be releasing its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

HOME

Gold silver up but gains fade after upbeat US economic data

Leave a comment

Gold, silver up, but gains fade after upbeat U.S. economic data

Gold and silver prices are just modestly higher in midday U.S. trading Tuesday and lost solid early gains after some stronger-than-expected U.S. economic data and rising U.S. bond yields. The metals were supported by rising crude oil prices that hit a nine-week high earlier today, and sharp daily losses in the U.S. dollar index. However, crude oil prices did back down as the session progressed. June gold futures were last up $2.50 at $1,816.50. July Comex silver futures were last up $0.134 at $21.685 an ounce.

The U.S. retail sales report for April showed a rise of 0.9%, which was close to market expectations. However, March retail sales were revised up to 1.4%. April U.S. industrial production for March came in strong at up 1.1% versus expectations for a rise of 0.5%. After these reports’ releases the metals started to ratchet down from their overnight highs.

U.S. stock indexes are higher at midday. The marketplace is more upbeat Tuesday on reports China will start to ease its lockdowns in major cities, including Hong Kong and Shanghai.

The marketplace will be watching a scheduled Wall Street Journal interview with Fed Chairman Jerome Powell this afternoon. Traders and investors will be keen to see if Powell remarks on timing aspects of Fed monetary policy and/or inflation, as well as the prospect of the U.S. economy entering a recession.

Gold faces new competition as real yields turn positive – USBWM

The key outside markets today see Nymex crude oil futures prices weaker after hitting a nine-week high early on, and is presently trading around $113.00 a barrel. Meantime, the U.S. dollar index is lower. The yield on the 10-year U.S. Treasury note is fetching around 2.9%.

Technically, June gold futures prices see a nine-week-old price downtrend in place on the daily bar chart. Bears have the solid overall near-term technical advantage. Bulls' next upside price objective is to produce a close above solid resistance at $1,875.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,750.00. First resistance is seen at today’s high of $1,834.80 and then at $1,850.00. First support is seen at $1,800.00 and then at this week’s low of $1,785.00. Wyckoff's Market Rating: 3.0

July silver futures see a steep price downtrend in place on the daily bar chart. The silver bears have the solid overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00 an ounce. The next downside price objective for the bears is closing prices below solid support at $20.00. First resistance is seen at $22.00 and then at $22.50. Next support is seen at $21.50 and then at $21.00. Wyckoff's Market Rating: 2.0.

July N.Y. copper closed up 445 points at 423.50 cents today. Prices closed nearer the session low today. The copper bears have the solid overall near-term technical advantage. A price downtrend is still in place on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 445.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 400.00 cents. First resistance is seen at today’s high of 428.35 cents 430.00 cents. First support is seen at today’s low of 420.30 cents and then at this week’s low of 413.35 cents. Wyckoff's Market Rating: 2.5.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

HOME

Madeira embraces’ Bitcoin and how its president met Michael Saylor

Leave a comment

Joseph Hall

JOSEPH HALL

Madeira ‘embraces’ Bitcoin, and how its president met Michael Saylor

Here is why the archipelago of Madeira is “adopting” Bitcoin and how its president fell down the BTC rabbit hole.

Madeira ‘embraces' Bitcoin, and how its president met Michael Saylor

The tiny Portuguese archipelago of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement, made during the Bitcoin 2022 conference in Miami, has spurned confusion and misinformation.

Miguel Albuquerque, the president of the Regional Government of Madeira, hopped on the stage in April to announce: “I believe in the future, and I believe in Bitcoin.” He also said he would work to “create in Madeira a fantastic environment for Bitcoin.” However, the details remained unclear.

Cointelegraph spoke to André Loja, a Madeiran entrepreneur who spearheaded the plan to bring BTC to the archipelago in the Atlantic ocean, to find out how Bitcoin is shaping the islands’ development.

Madeira exploded onto the Bitcoin world map on April 7 when JAN3 CEO Samson Mow proudly announced that it “will be adopting Bitcoin.”

Upon the announcement, news outlets around the world reported that Madeira had adopted Bitcoin as legal tender; however, this was not the case. Loja explained to Cointelegraph that prior to the announcement, he would have preferred to use the phrase “Madeira is embracing Bitcoin.”

“We embrace it, we support it. We are not ‘adopting’ Bitcoin because adopting looks like we were making it legal tender when it’s already de facto legal.”

Indeed, in Madeira and across Portugal — which is around 620 miles to the northeast — there is zero tax on Bitcoin capital gains. That means any time one of Madeira’s residents disposes of, spends or uses BTC, it does not need to be declared to tax authorities.

Loja orange-pilled the president of Madeira just a few weeks prior to the conference, sharing his vision for Bitcoin as not only a means to attract foreign investment but to “protect my island from the fiat system.”

By happenstance, Albuquerque came to visit Loja’s coworking space — one of the few places to accept BTC in Madeira — and Loja jumped at the opportunity to share his passion for Bitcoin. Madeira was kneecapped by the COVID-19 pandemic as critical tourism revenue fell off a cliff. Loja, therefore, presented a Bitcoin future to the president as a means to diversify and restructure Madeira’s economy, among other advantages.

Albuquerque was reportedly open to the idea, so Loja quickly sought the help of Bitcoiners around the world, including Daniel Prince, a renowned Bitcoin podcaster; Jeff Booth, author of The Price of Tomorrow; and even Michael Saylor, CEO of MicroStrategy.

Within weeks, the Bitcoiner all-star team had contacted the organizers of Bitcoin 2022 to organize the president’s appearance on stage. Ultimately, having the head of state of an autonomous region endorse Bitcoin was an opportunity too big to miss.

Upon landing in Miami, Loja and Albuquerque were invited to Saylor’s flashy Miami villa, “with the yachts and everything,” Loja joked. While Loja had already orange-pilled the president, the conversation with Saylor was on another level:

“Michael Saylor sat down with President Albuquerque, and well, […] it was more like he sat down with his head!”

Saylor told Albuquerque that “You need to focus on Bitcoin. Everything else is garbage.” A conversation the president is unlikely to forget, the seminar was sufficient preparation for him to step on stage in front of 25,000 Bitcoin enthusiasts.

Loja explained that the announcement that Madeira is adopting Bitcoin would “kickstart an intention” for Madeira to become an island in which Bitcoin prospers alongside the people. For Loja, who has already translated popular Bitcoin-related books into Portuguese, “It starts with education — the most important thing.”

Loja (far right), President Albuquerque (center with book) and Knut Svanholm (far left) in Madeira in May 2022. Source: Loja

Indeed, Loja cut his teeth during the bear market of 2018. A passionate educator, Loja works closely with other educators in the space, such as Knut Svanholm, author of Bitcoin: Everything Divided by 21 Million, to teach the principles of sound money:

“I have a lot of ideas, from kindergarten to schools to adult workshops — and to bring people from outside the island. The association will have the best people as consultants.”

To this end, Loja is founding the Sound Money Foundation, a Bitcoin education center in Madeira. The center has support from Mow and Booth, among others, and seeks to help locals to better understand cryptocurrency from a young age.

Accompanying the education drive and the focus on improving “financial literacy,” Loja’s hometown also lures Bitcoin companies with attractive fiscal incentives. At the International Business Center, companies pay just 5% business tax, a highly competitive rate. Portugal was already a budding hub for individual Bitcoiners, but companies can now reap the benefits.

Related: Bitcoin, Bukele and a bevy of central bankers meet in El Salvador

Further down the road, Loja plans for the autonomous government of Madeira to mine Bitcoin with leftover renewable energy — as the island has abundant wind and sunlight — and even utilize “a multisignature wallet for the government to work with Bitcoin financially.”

Madeira's International Business Center. Source: IBC

As a result, the government would take full custody of the Bitcoin it mines by taking control of the private keys. Loja highlighted that the electrical power grid is a standalone “public company,” so any Bitcoin mined by the grid would go into government multisig wallets.

In essence, Madeira’s approach to Bitcoin goes above and beyond the lauded legal tender status. From public sector BTC mining and education to state-run multisig wallets and having Saylor on speed dial, the island is slowly steering toward a Bitcoin future.

Unsurprisingly, Loja’s holistic approach to the island “embracing” Bitcoin has a low time preference. 

markethive

Tim Moseley

HOME

The James Webb Space Telescope is almost fully calibrated

Leave a comment

The James Webb Space Telescope is almost fully calibrated…

by Jeff Brown, editor, The Bleeding Edge

 

The James Webb Space Telescope is almost fully calibrated…

The James Webb Space Telescope

 

Today Another Stunning Update…

We have been tracking the deployment of the James Webb Space Telescope (JWST) closely this year. The JWST is the most complex telescope ever constructed. What’s more, it was launched to a destination about one million miles from Earth back in February.

We call its destination the LaGrange Point 2 (L2). It’s on the opposite side of the Earth from the Sun. That makes it incredibly cold, which is great for the telescope’s performance. JWST is currently going through the calibration process. We expect the first fully calibrated images to come back as early as July.

That said, JWST has sent a few images back already. They aren’t as advanced as what we will get once the telescope is fully calibrated. But they are still incredible. We can see just how powerful JWST is by comparing a recent image from the JWST of the same spot in a galaxy to images from older infrared telescopes…

 

The Same Image from Different Telescopes

The Same Image from Different Telescopes

Source: NASA/JPL-Caltech

As we can see, these images are of the same objects. We can see the string of four objects from the lower left to the upper right of the image. The only difference is that different telescopes took them over the last two decades. We are looking at images of the Large Magellanic Cloud (LMC). It’s a satellite galaxy of the Milky Way. And get this – LMC is about 160,000 light-years away from Earth.

The image on the left is from the WISE telescope back in 2003. The one in the middle is from Spitzer in 2008. And on the right is an image just sent back by the JWST. We can see just how advanced the JWST is when compared to previous telescopes. The difference in resolution is dramatic. JWST’s images are only going to get clearer with even higher resolution. 

 

Here’s the most exciting part…

NASA hasn’t yet told us what the JWST’s first scientific target will be. It has been very secretive about what the telescope will focus on first. So we can look forward to more information from NASA within the next month or two. It will be very exciting to see the next images that the telescope reveals…

 

New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives through the democratization of power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com for example will be releasing its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

HOME

Short-covering in gold silver bulls have more heavy lifting ahead

Leave a comment

Short-covering in gold silver; bulls have more heavy lifting ahead

Gold and silver prices are higher, with silver sharply up, in midday U.S. trading Monday. Gold hit a nearly four-month low overnight. Short covering by the shorter-term futures traders was featured on this first day of the trading week. A weaker U.S. dollar index, higher crude oil prices and lower bond yields on this day also worked in favor of the metals markets bulls. However, the bulls need to put together some solid price-gain days to begin to repair recent chart damage. June gold futures were last up $4.70 at $1,813.10. July Comex silver futures were last up $0.479 at $21.48 an ounce.

Global stock markets were mixed but mostly lower overnight. U.S. stock indexes are mixed at midday. The S&P 500 stock index last week had its worse week in 11 years. The U.S. index is now flirting with being in a bear market that is defined by the indexes being down 20% from its recent high. The Russia-Ukraine war, Covid lockdowns in China and inflation fears are hitting the equities hard. The risk aversion seen in the marketplace recently is bullish for gold and silver, but bulls have been perplexed their metals have not seen much upside price performance by such.

U.S. dollar could dominate gold price through the summer – analysts

The key outside markets today see Nymex crude oil futures prices higher, at a two-month high and trading around $112.50 a barrel. Meantime, the U.S. dollar index is lower in midday trading. The yield on the 10-year U.S. Treasury note is fetching 2.86%.

Technically, June gold futures prices hit a nearly four-month low early on today. A nine-week-old price downtrend is in place on the daily bar chart. Bears have the solid overall near-term technical advantage. Bulls' next upside price objective is to produce a close above solid resistance at $1,875.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,750.00. First resistance is seen at Friday’s high of $1,827.60 and then at $1,850.00. First support is seen at $1,800.00 and then at today’s low of $1,785.00. Wyckoff's Market Rating: 3.0

July silver futures saw short covering featured. Prices hit a 22-month low Friday. A steep price downtrend is in place on the daily bar chart. The silver bears have the solid overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00 an ounce. The next downside price objective for the bears is closing prices below solid support at $20.00. First resistance is seen at $21.625 and then at $22.00. Next support is seen at $21.00 and then at today’s low of $20.835. Wyckoff's Market Rating: 1.5.

July N.Y. copper closed up 115 points at 418.65 cents today. Prices closed nearer the session high today. The copper bears have the solid overall near-term technical advantage. A steep price downtrend is in place on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 440.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 400.00 cents. First resistance is seen at today’s high of 420.60 cents 425.00 cents. First support is seen at today’s low of 413.35 cents and then at 410.00 cents. Wyckoff's Market Rating: 2.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

HOME

How to Identify a Viable Business Idea

Leave a comment

How to Identify a Viable Business Idea

How do you identify a viable business idea

If you want to start your own business, the first step is to generate a business idea. Validate your idea with a paid customer base. You'll get a better idea of which ideas have the highest chance of succeeding if you can generate a profitable income. Then, you can test and validate your idea by conducting a formal investigation and understanding your potential competitors. Then, you can develop your unique selling proposition.

Formal investigation

When identifying a viable business idea, a formal investigation is critical. This research may include a pre-feasibility study or a marketing analysis. Formal investigation involves identifying potential scenarios and reducing them to a few specific models. The results of this step should inform further study, and the next step will be to refine the remaining scenarios. However, it is important to avoid the process of "fluffing up" the analysis.

The most basic concerns when screening a business idea include determining whether the market is large enough to sustain a profitable business. The amount of profit margin, the market size and structure, and the complexity of the distribution system are some basic concerns. If these aspects of the market are not met, the business idea is unlikely to be viable. Formal investigation will help determine if the idea is worth pursuing.

Understanding existing and potential competitors

There are many reasons why you should understand existing and potential competitors before starting a business. The first of these is the fact that you will need to know what their objectives are. The goals of your competitors may vary, but they generally involve profit and growth, being first to market in a new market, or even entering a new international market. To identify the most promising business idea, you should analyze these factors and understand your competitors' objectives and strategies.

You can find information about your competitors through articles published in magazines, newspapers, and online. This will help you determine the strengths and weaknesses of your competitors. You can also visit libraries to find relevant articles. The librarian can help you find relevant articles online or through an archive. It's also helpful to know what types of competition you're up against. Understanding existing and potential competitors will allow you to create a business plan based on information you've gathered.

Gut feeling

Your gut is one of the most powerful signals you can use to determine if your idea for a new business is viable. It's a part of your enteric nervous system, also known as the ENS. It has several parts, including the neurons that line your stomach. These signals can help you identify a viable business idea, as well as indicate a potential threat or strategy pivot. The best way to utilize your gut feelings is to pay close attention to them and follow them.

When you identify a new business idea, your gut feels can be a faint whisper or a very strong feeling of uneasiness. These feelings aren't random, and they're not necessarily true. Your intuition is an important part of your decision making process. This is because your gut feels based on evidence and a deep understanding of the world around you. Developing a strong intuition can lead you to make more informed decisions about what you're doing and how to best utilize it.

TA

Understanding unique selling proposition

It is crucial to understand your unique selling proposition to identify a viable business opportunity. Most businesses are similar in their products and services, but very few are unique. This differentiation is called a USP and is used to set you apart from your competitors. Here are some tips to help you identify a business idea that's worth pursuing. o Understand your target customers and their needs. Then, focus on creating a product or service that helps them solve their problems.

o Create a clear and concise Unique Selling Proposition. Developing an effective one is essential in distinguishing yourself from your competitors. The Unique Selling Proposition can help you set your business apart from competitors by showcasing your product or service. It can be as simple as a clear and concise description of the product or service. Alternatively, you can also use the Unique Selling Proposition to guide your branding decisions.

Tim Moseley

HOME

NATO enlargement and Putin

Leave a comment

Plans to accept Finland and Sweden into NATO are a problem, Russian President Vladimir Putin said on Monday 16th May. According to him, Russia would have to react if the Alliance expanded its military infrastructure. Swedish Prime Minister Magdalena Andersson announced on Monday that her country had officially decided to apply for NATO membership. Finnish parliament members are now debating the same move.
Sweden has relied on neutrality for years, but has reconsidered its position over the course of this year's Russian invasion of Ukraine.The Swedish prime minister announces the decision after a three-hour debate. She thinks there is a large public support for this step. Sweden's planned entry into the Alliance, which with Finland should grow to 32 members, will redraw the geopolitical map of northern Europe, according to Reuters.
  Swedish Prime Minister

 Swedish PM Magdalena Andersson says Europe and Sweden "are living now in a new and dangerous reality". But she also said that Sweden does not want any nuclear weapons on its territory. A date for the formal application is still unclear because Sweden will send in its application together with Finland. Finnish President Sauli Niinistö and Prime Minister Sanna Marino have spoken out in recent days about joining NATO.
Putin did not specify what steps Moscow would take if NATO infrastructure was moved to Finland and Sweden. "We'll see what threats he creates for us," he said. "There is a problem here created for no reason. We will respond accordingly " he added.

   NATO members in blue, grey are neutral states
Kremlin spokesman Dmitry Peskov said on Monday that Moscow considered such a move worrying and would monitor the implications for its security. "We are convinced that the accession of Finland and Sweden to NATO will not strengthen or improve the security architecture of our continent," he said. 
At the same time  some of the biggest ever Nato military exercises in the Baltics are taking place in Estonia and Latvia.
Putin also said that Russia had no problems with Sweden or Finland and that the enlargement of the Alliance was in the interests of the United States. "The US-led military alliance is working to increase its global influence," he said.

Germany welcomes NATO's enlargement to include Finland and Sweden, said German Foreign Minister Baerbock.

It seems any calming down of the political situation is out of sight.

                      Thank you for reading            

                                                             Margaret

Tim Moseley

HOME

President Nayib Bukele Announces 44 Countries To Meet In El Salvador To Discuss Bitcoin

Leave a comment

President Nayib Bukele Announces 44 Countries To Meet In El Salvador To Discuss Bitcoin

by Nik 

ecosystem for entrepreneurs

 

El Salvador President Nayib Bukele announced that 32 central banks and 12 financial authorities are meeting in the country to discuss Bitcoin.

Late Sunday night, El Salvador President Nayib Bukele announced on Twitter that 32 central banks and 12 financial authorities from 44 countries are to meet on Monday, May 16, to discuss financial inclusion, digital economy, banking the unbanked, the El Salvador’s Bitcoin rollout and its benefits in the country.

In follow up tweets, the president announced that the Central Bank of São Tomé and Príncipe, Central Bank of Paraguay, National Bank of Angola, Bank of Ghana, Bank of Namibia, Bank of Uganda, Central Bank of the Republic of Guinea, Central Bank of Madagascar, Bank of the Republic of Haiti, and the Bank of the Republic of Burundi, Central Bank of Eswatini and its Ministry of Finance, Central Bank of Jordan, Central Bank of The Gambia, National Committee of Banks and Seguros of Honduras, Directorate General of Treasury, Ministry of Finance and Budget, Madagascar, and the Maldives Monetary Authority are among those that will be attending.

Bukele also added that National Bank of Rwanda, Nepal Rastra Bank, Sacco Societies Regulatory Authority (SASRA), Kenya, State Bank of Pakistan, General Superintendency of Financial Entities of Costa Rica, Superintendence of the Popular and Solidarity Economy of Ecuador, and the Central Bank of El Salvador will be in attendance.

On Friday, May 13, the Twitter account for Bitcoin Beach announced that “Central bankers from Angola, Armenia, Bangladesh, Burundi, Congo, Costa Rica, Egypt, Gambia, Ghana, India, Namibia, Senegal, Sundan, Uganda, Zambia and 25 other developing countries are getting on planes today to fly to El Salvador.”

ecosystem for entrepreneurs

Not long after President Bukele’s official announcement, Bitcoin Beach tweeted out a map of the world that seemingly has countries who have either adopted Bitcoin and or are attending tomorrow's meeting filled in color, saying “Probably nothing.”

Image via Bitcoin Beach

It took 12 years for the first country to adopt Bitcoin, around 8 months for the second, and if Panama’s president signs their recent Bitcoin bill into law, then they will be the third only about a month after the second. Now, countries from all over the world are meeting in El Salvador to discuss financial inclusion and how adopting Bitcoin can benefit their countries.

Gradually, then suddenly. 

Tim Moseley

HOME

Gold price in 5 years: 1300 or 4000?

Leave a comment

Gold price in 5 years: $1,300 or $4,000?

A massive selloff in U.S. stocks, extreme panic in the crypto space, and the worst week for gold in almost a year are just a few headlines that describe the volatility seen all across the board. Here's a look at Kitco's top three stories of the week:

3. 'Extreme panic' in crypto: How risky is Bitcoin price below $30k?

2. Gold price is in a 'danger zone'

1. Gold price's 5-year outlook: $1,300 or $4,000? MKS PAMP weighs in

 

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

The Artist that came out of the Winter