(A Savage Comment) When Life Starts Again: Should The Whole World Reset At “O”?

( When Life Starts Again: Should The Whole World Reset At “O”?)


Lets start off with the fact that I am not an Economists and this heading is simply a question that formed in my mind. Is this a question that has merit enough to be seriously looked at? If the shutdown does in deed last till September first and the post COVID-19 comes out of its womb fresh at that time, how about it if no one, no company, no Government in the whole world, no one, owed any debt? Why not have a fresh new world and then try not to screw up this second one? It is true that some people, some groups, some businesses and some Governments are going to come out negative on some of their balance sheets. Yet on the other hand, all of their debts are forgiven, this should in the long run come pretty close to evening out a new fairer nicer world order. Well, at least this is my thought on the issue. What is your thoughts, would this work?

8 Strongest World Currencies



8 Strongest World Currencies

Throughout the world, different countries use different types of legal tender to facilitate financial transactions. The United Nations currently recognizes 180 currencies that are used in 195 countries around the globe. Anyone who has traveled to another country can tell you that you can’t simply take currency from one country and use it in another. The value of your money is dependent on the current exchange rate. Various factors can influence the strength of a country’s currency, including political stability, inflation, and interest rates. Take a look at the eight strongest currencies in the world.


Swiss Franc

Swiss Franc

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The first Swiss Franc was introduced in Switzerland in 1850. According to Investopedia, the currency has seen a dramatic rise in value over the past 15 years. In investment terms, the Swiss Franc is considered to be a “safe haven.” In simple terms, this means that the currency is expected to retain its value over the long run.

The Swiss Franc is the only Franc still used in any European country. In 2011, the European Union called the Franc a threat to the economy, causing its value to dip. The decision to unpeg the Swiss Franc from the Euro in 2015 shocked investors around the globe and caused the currency’s value to take a significant drop. Since 2015, the Swiss Franc’s value has rebounded with a current exchange rate of 1.02 Franc to 1 USD as of August 2019.

European Euro

European Euro

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The Euro is the official currency of the European Union and the second most used currency in the world. Nineteen countries use the European Euro as their official currency, including France, Germany, and Italy. The European Union officially adopted the Euro in 2002. At this time, the currency had a value equivalent to 0.87 USD. It reached a record high value of $1.60 in 2008 during the U.S. financial crisis. In 2019, the Euro gained a value of approximately 1 Euro to 1.11 USD.

Cayman Islands Dollar

Cayman Islands Dollar

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The Cayman Islands are a British territory located in the Caribbean. The islands are home to breathtaking scenery and boast one of the strongest currencies in the world. According to OANDA, the islands have the highest standard of living in the Caribbean and the 14th highest GDP per capita in the world. Like US currency, the Cayman Islands features coins valued at 1 cent, 5 cents, 10 cents, and 25 cents. The Cayman Islands dollar is pegged at 1 KYD to 1.2 USD.

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British Pound Sterling

British Pound Sterling

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The British Pound Sterling, more commonly known as the British Pound, is the oldest existing currency in the world. The pound was first used in England in 1489. Today, the British pound is still used by 13 countries, including the United Kingdom. When the European Union first proposed the Euro in 1997, the United Kingdom declined to make the change and instead chose to stick with the pound. They noted that the Euro did not pass the necessary economic tests for the country to make the switch. In 2019, the British Pound Sterling gained a value of 1 pound to 1.21 USD.

Jordan Dinar

Jordan Dinar

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Jordan is one of the most popular tourist destinations in the Middle East. The small country, located east of Israel, attracts thousands of visitors each year. In particular, the historic site of Petra bringing over 780,000 visitors in 2017. The Jordan dinar is the official currency of the country. The dinar was first used in Jordan in 1949, replacing the Palestinian pound. The dinar has consistently been one of the strongest currencies in the world. The Jordan Times attributes this to the fact that the dinar has been pegged to the U.S. dollar for the past 20 years. Jordan is the only country to use the Jordan dinar. The dinar is valued at 1 JOD to 1.41 USD.

Oman Rial

Oman Rial

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The Arabian country of Oman is located southeast of Saudi Arabia and borders the Arabian Sea. The country has seen significant growth in its economy, thanks in large part to their oil supply. The Oman rial is the official currency of the Sultanate of Oman. The Oman rial (OMR) was first used in 1973, replacing the rial Saidi. The rial was pegged to the U.S. dollar at a rate of $2.895 to 1 USD from 1973 to 1985 but dropped to a rate of $2.6008 in 1986.

Bahraini Dinar

Bahraini Dinar

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The small island of Bahrain is located east of Saudi Arabia in the Persian Gulf. The country is home to nearly 1.5 million residents. According to Continental Currency, Bahrain’s economy is presently the 10th freest economy in the world. The Bahraini dinar has been the official currency of Bahrain since 1965. Bahrain is the only country to use the Bahraini dinar. While no other country uses the Bahraini dinar, Bahrain accepts the Saudi Riyal in addition to the dinar. The Bahraini dinar is the second strongest currency in the world with a value pegged at 1 BHD to 2.65957 USD.

Kuwaiti Dinar

Kuwaiti Dinar

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The Kuwaiti dinar is currently the strongest currency in the world. Kuwait is a small country located between Saudi Arabia and Iraq. Its strong oil supply is often linked to the country’s strong economy. The Kuwaiti dinar was first used in 1961 after Kuwait gained independence from the United Kingdom. The Kuwaiti dinar was used in concurrence with the Gulf rupee until 1966 when the country stopped using the rupee.

Over the years, the Kuwaiti dinar has been pegged to several different currencies. From 1975 to 2003, the Kuwaiti dinar was pegged to a weighted basket. From 2003 to 2007, the dinar was pegged to the U.S. dollar. Presently, the Kuwaiti dinar is pegged to an undisclosed basket with a value of 1 KWD to 3.29 USD.

China: No timetable for central bank digital currency: PBOC governor



No timetable for central bank digital currency: PBOC governor


Positive progress has been made since the People’s Bank of China began to study digital currency in 2014, but there is no timetable for the launch of the central bank digital currency, said PBOC Governor Yi Gang Tuesday.

The PBOC will launch a package that combines the central bank digital currency with electronic payment instruments, with the goal to replace part of cash, Yi said.

The central bank digital currency framework will not change the existing currency supply routes and system, he said.

It will select the best technology in the market through fair competition, involving not only block chain but also new technologies that evolve from the existing electronic payments, he said.

If a digital currency is to be used across borders, it must also meet regulatory requirements designed to combat violations including money laundering, terrorist financing and tax evasion, he added.

As for the launch time, Yi said there is no timetable, as there have to be a series of moves from studies to tests, evaluations to risk prevention measures.

Arboreal vine: Merval, who questioned Lula’s lectures, today has to explain his $ 375,000



Arboreal vine: Merval, who questioned Lula’s lectures, today has to explain his $ 375,000

Journalist Merval Pereira, who campaigned for Lula’s political arrest, or for the electoral fraud that resulted in the election of Jair Bolsonaro, today was compelled to explain why he received $ 375,000 from Senac – following a complaint on social networks. by Bolsonaro himself. In his article, Merval said the value refers to 13 lectures – not just one

Merval announces Lula's arrest date: 26 or 27
Merval announces Lula’s arrest date: 26 or 27

247 – When former President Lula, the most popular politician in Brazilian history, who received invitations to lecture around the world, became the target of a judicial war process to be arrested and then excluded from the 2018 presidential dispute, Globo journalist Merval Pereira was one of the protagonists of the media campaign against Lula.

In July 2017, for example, he wrote that Lula would need to explain his lectures. “When they blocked R $ 600,000 from former President Lula’s checking account – it is amazing to have this amount in the current account – the PT issued a note saying that he was going to starve. A day later, R $ 9 million appear in plans to Lula had every condition of being a millionaire, given the price he charged for the lectures he says he had given since 2010. But he needs to prove that they existed and that they were not a counterpart to contractors. Odebrecht said he had prepared a scheme with the talks so that the former president would have a good retirement, “Merval posted in his column .

This Sunday, however, it is Merval who tries to explain himself after being accused by Jair Bolsonaro of receiving $ 375,000 for a lecture by Senac. “In fact, I did not receive this total, because the program was interrupted, and I ended up giving 13 lectures, which were reported in local newspapers, in Fecomércio do Rio publicity announcements, on websites, and filmed. The lectures were open to trade representatives. , industry, education, local politicians, students The following were the cities of the lectures: Angra dos Reis (3/30/2016), Miguel Pereira (14/4), Três Rios (28/4), Volta Redonda ( 5/5 /); Barra do Pirai (19/5); Teresópolis (16/6); Valença (9/6); Barra Mansa (14/7); Rio das Ostras (28/7) Petrópolis (11/8 ); Rio de Janeiro (7/12 /); Cabo Frio (3/16/2017); Niterói (25/5/2017) “, wrote Merval this Sunday .

In Merval’s case, a verse by Geraldo Vandré that refers to a “day that is coming, that this world will turn” goes well… It is in the song Aroeira, from the album Canto Geral, released in that year of contests. And it fits well with the results gathered by sectors of the commercial press in relation to the Lula administration: “It is the return of the aroeira vine in the loin of those who had it given”.

6 Things to Know Before Traveling to Belize


6 Things to Know Before Traveling to Belize

Travelers to Belize are often surprised to see how much natural beauty and outdoor adventure this tiny Central American nation offers. From idyllic Caribbean beaches teeming with marine life to sacred Maya sites and adrenaline-pumping rainforest activities, it’s no surprise that tourism is on the rise in Belize. If Belize is on the radar for your upcoming travels, here are six things to know before you go.

English Is the Official Language

Credit: Rob Crandall/Shutterstock.com

Belize is the only Central American country whose official language is English. This makes Belize even more attractive to travelers who want to explore Central America but are afraid of a potential language barrier. However, don’t be surprised to hear Belizeans speaking two, or maybe even three, languages. Most Belizeans speak Spanish and Kriol (Belizean Creole). You may even hear Garifuna or one of the Mayan dialects depending on where you go in the country.

You Can Use U.S. Dollars Everywhere

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If you don’t want to deal with currency exchange on your holiday, Belize also accepts U.S. dollars everywhere. With a steady exchange rate of two Belize dollars to one U.S. dollar, it eliminates any surprise on how far your money will go no matter when you decide to vacation in Belize.

No Chain Restaurants

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You can explore every district in Belize, but you won’t find a McDonald’s or any other chain restaurants. Belize is unique in that it lacks large, commercialized restaurants commonly seen elsewhere in Central America. What you will find in Belize are many family-owned eateries with some of the best food in the region. Until recently, the country didn’t have any big chain resorts either, outside of a few business hotels in Belize City. Both Hilton and Marriott are changing that statistic, though, with their first branded resorts opening on Ambergris Caye.

Queen Elizabeth II Was Served ‘Rat’

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Queen Elizabeth II was served gibnut during a trip to Belize in 1985. Since that historic visit, gibnut has earned the nickname “royal rat.” Gibnuts are large rodents that can weigh up to 25 lbs. They are considered a delicacy in Belize, with some people comparing their flavor to rabbit or ham. You won’t find gibnut served in every restaurant, and it’s only legal to serve it certain times of the year. This means if your vacation coincides with gibnut’s closed season, you won’t have an opportunity to taste this interesting dish.

The Tallest Building in Belize Is a Maya Site

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No matter where you travel in Belize, you’ll see that high-rise buildings are notably absent. While this might change in the future, the tallest building currently is the Caana temple. Located at the remote Maya site of Caracol, Caana stands 141 feet tall.

Belize Is Home to the World’s First Jaguar Preserve

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Located near Dangriga, Cockscomb Basin Wildlife Sanctuary is the world’s first jaguar preserve. The preserve’s 150 square miles of tropical forest are also home to hundreds of birds and other wildlife like ocelots, deer, howler monkeys, tapirs, jaguarundi and pumas. There is no guarantee of spotting a jaguar, especially since they are nocturnal. However, it’s still an adventure to explore the nature trails and learn more about Belizean wildlife.

FBI believed Trump was closely involved in hush-money scheme



The release of the previously redacted documents came one day after the judge in the case disclosed that prosecutors had concluded their probe into Cohen’s campaign finance crimes.

Michael Cohen, President Donald Trump’s former personal attorney, leaves the hearing room during a recess for lunch as he testifies before the House Oversight and Reform Committee in the Rayburn House Office Building on Capitol Hill on Feb. 27, 2019.Mandel Ngan / AFP – Getty Images

4 Top Golf Courses in Florida

(oped: I find it a bit odd that President Trump’s Key Largo course is not on this list being that the fee is now $1 Million dollars per year, also consider that before he became President the cost was a meer $100 thousand per year.)(oldpoet56)

4 Top Golf Courses in Florida

Golfing and Florida go hand-in-hand thanks to balmy year-round temperatures, days of endless sunshine, and some of the most creative and expertly-crafted courses in the U.S.  With over 1,250 golf courses in the state, it can be hard to know which one is worthy of your time. Below we’ve got four of the craftiest, cleverest, most beautifully designed courses that will inspire the Tiger Woods in all of you.

Streamsong Red, Bowling Green

Credit: Fotoluminate LLC/Shutterstock

Sitting roughly 50 miles southeast of Tampa, Bowling Green is a sub-3,000 resident town that packs a big punch when it comes to the game of golf. This course has a much more rugged and slightly unkempt feel to it than the others on this list while still maintaining its distinguished reputation and a solid air of dignity. It’s these characteristics coupled with the dramatic landscape that make Steamsong Red a celebrated course. This course was designed with walking golfers in mind; strolling the course not only allows for some expansive views, but it’s also the best way to truly experience the course. In fact, the walking golf philosophy is such a centric part of this course that there are months when no golf cart riding is allowed at all!

Fun Fact: Streamsong Red is actually one of three epic courses rolled into the 16,000-acres of windswept prairies, sculpted lakes and towering dunes.

Calusa Pines, Naples

Credit: jdross75/Shutterstock

The story behind the birth of this course is just as inspiring as the course itself. Gary Chensoff beat cancer against the odds and went on to develop a multi-dimensional golf course on a plot of land as flat as a pancake.  With the goal in mind to make the course as unique as possible, designer Hurdzan-Fry crafted slopes and ridges from the fill of lakes that were made by blasting great holes into the ground with dynamite.  In fact, they got so blast-happy on this site, they ran up a cool $1 million-dollar bill on dynamite alone! While the daring shape of the course entices golfers from all around the world, it’s the thoughtful touches like the planting of 100 mature oak trees that gives this course a sophisticated feel.

Fun Fact:  Membership at this ultra-exclusive club runs around $150,000 bucks a pop!

TPC Sawgrass, Ponte Vedra Beach

Credit: Debby Wong/Shutterstock

As the permanent host of the PGA-tour, the location, layout and wickedness of this course were honed to perfection to deliver thrilling games to the fans who watch and professionals who play. With a style defined by its creator as “grenade attack architecture”, this course is full of lumps, bumps, divots and carved out spaces that challenge even the world’s best players. Most notorious of all, however, is the 17th hole. Ringed in water, the island green provides a “sink-or-swim” moment of anxiety as the golfer attempts to clear the lake and sink the putt. All this might sound a little overwhelming for a novice golfer, but designer Pete Dye insists he made this course for players of all levels.

Fun Fact: The on-site Marriott Resort and Spa ensures a golf holiday doesn’t have to be all about smacking balls around the green – it’s totally okay to indulge in a spa treatment, take a dip in one of the pools, or dine in one of the resort’s seven restaurants.

Seminole, Juno Beach

Credit: FloridaStock/Shutterstock

Topping Golf Digest’s list of best golf courses in Florida, Seminole also earns our pick as the state’s top golf course for several reasons. There’s a lot to love about the Atlantic-coast facing course, but critics often praise it as one of the country’s most impressive examples of golf course routing. While it wasn’t designed solely to trick golfers, it’s certainly not for those just starting out; Seminole has got a few tricks up its sleeve. The relatively flat-looking green isn’t as innocent as it appears. Much of the deception lies in the angled sides of the greens that mimic an ever-so-slight saucer shape. We can’t decide if this golf course is on the players’ side on not, but one thing is clear – a keen golfer won’t forget a game played Seminole.

Saudi Arabia Issues Euro-denominated Bonds for 1st Time



Saudi Arabia Issues Euro-denominated Bonds for 1st Time

Tuesday, 2 July, 2019 – 11:30
Saudi Market Tadawul. AFP file photo
Riyadh – Asharq Al-Awsat
Saudi Arabia has issued Euro-denominated bonds, its first in that currency, after the Kingdom hired Goldman Sachs and Societe Generale as global coordinators and bookrunners for the potential new deal, while BNP Paribas, Morgan Stanley and Samba Capital were mandated as lead managers and passive bookrunners.

The Saudi issuance of Euro-denominated bonds in tranches of eight and 20 years, depending on market conditions, comes at a time when the country was rated A1 by Moody’s and A + by Fitch Ratings.

Saudi Arabia has begun its approach to global markets by issuing bonds and sukuk in the dollar, and through the Euro-bonds, the country seeks to diversify its investor base, reduce costs and open up new markets, according to experts.

Financial expert Mohammed al-Omran explained that Saudi Arabia announced that it will target international markets and foreign currencies. He added that the euro-bonds will be relatively distant from the dollar-bonds, stressing that the goal is to diversify the currency, reduce cost and establish relations with new markets.

Omran indicated that euro’s current comparative advantage is the lower interest rates, less than 1 percent, while interest on the dollar is about 2 percent, noting that savings will be 1.25 percent per year in euros compared to the dollar.

For his part, economic expert Mohammed Al Abbas indicated that major institutions and banks are racing to enter the Saudi market which is trying to attract international investments and foreign funds, as investors seek confidence in the economy.

He stated that the rush on the Saudi market is an indication on high confidence that large companies and investors have in the Kingdom

He stressed that Saudi Arabia is interested in encouraging foreign investments and entering the European markets through Euro-bonds.

Bonds are low-risk financial instruments and can be disposed at any time, in addition that countries that issue the bonds are obliged to pay them according to the issuance date, according to economic expert Khalaf al-Shammari.

The euro market is characterized by a variety of investors from new institutions and portfolios, which analysts believe Saudi Arabia can take advantage of.

The Chinese century is well under way




The Chinese century is well under way

Many trends that appear global are in fact mostly Chinese

When scholars of international relations predict that the 2000s will be a “Chinese century”, they are not being premature. Although America remains the lone superpower, China has already replaced it as the driver of global change.

There is one economic metric on which China already ranks first. Measured at market exchange rates, China’s gdp is still 40% smaller than America’s. However, on a purchasing-power-parity (ppp) basis, which adjusts currencies so that a basket of goods and services is worth the same amount in different countries, the Chinese economy became the world’s largest in 2013. Although China is often grouped with other “emerging markets”, its performance is unique: its gdp per person at ppphas risen tenfold since 1990. In general, poorer economies grow faster than rich ones, because it is easier to “catch up” when starting from a low base. Yet in other countries that were as poor as China was in 1990, purchasing power has merely doubled.

China’s record has exerted a “gravitational pull” on the world’s economic output. The Economist has calculated a geographic centre of the global economy by taking an average of each country’s latitude and longitude, weighted by their gdp. At the height of America’s dominance, this point sat in the north Atlantic. But China has tugged it so far east that the global centre of economic gravity is now in Siberia.

Because China is so populous and is developing so quickly, it is responsible for a remarkable share of global change. Since the start of the financial crisis in 2008, for example, China has accounted for 45% of the gain in world gdp. In 1990 some 750m Chinese people lived in extreme poverty; today fewer than 10m do. That represents two-thirds of the world’s decline in poverty during that time. China is also responsible for half of the total increase in patent applications over the same period.

For all its talk of a “peaceful rise”, China has steadily beefed up its military investment—even as the rest of the world cut back after the end of the cold war. As a result, the People’s Liberation Army accounts for over 60% of the total increase in global defence spending since 1990. And all of this growth has come at a considerable cost to the environment: China is also the source of 55% of the increase in the world’s carbon emissions since 1990.

Sources: Economist Intelligence Unit; Global Carbon Project; Maddison Project Database; SIPRI; World Bank; World Intellectual Property Organisation; The Economist
Get the data

This article appeared in the Graphic detail section of the print edition under the headline “Well under way”

If The Saudi’s Killed A Journalist: So Now What? Answer, Nothing

If The Saudi’s Killed A Journalist: So Now What? Answer, Nothing 


In this article today I am not trying to be cold-blooded or hate filled, I’m trying to be honest. Here in the States you have your typical politicians like Lindsey Graham wagging their tongues about “there will be hell to pay if the Saudi government killed this man.” I almost never side with Donald Trump but I do sort of agree with him on this issue. Reality is that many governments kill people every year. How many Journalist’s die in the line of duty every year? The Organization Reporters Without Borders says that 65 Reporters were killed in the line of duty in 2017 plus many more were imprisoned. He was not a Reporter but do you remember the American college kid who tore down a poster in North Korea and spent a year or so in one of their prisons only to be sent back home in a coma where he died a couple of weeks later? Folks, nothing real happened to North Korea because of this because mans murder. Mr. Trump was trying to strike a deal with N.K. President (Dictator) Kim Jung Un to get rid of their Nuclear Weapons. Which was/is more important, one life, or not having a thin-skinned ego maniac with is finger on a Nuke button? By the way, I am speaking of Mr. Kim, not the one that is in Our White House.


Now, let us get back to the murder of the Saudi/American Journalist who was murdered inside the Saudi Embassy in Turkey. Here are some realities for us all to think about. Mr. Trump is under pressure to cancel a multi-billion dollar weapons deal with the Saudi government because of them killing this man. Would this action by our President be a wise decision? Would it teach “them” a lesson? My answer is no, it would not. In fact if anything it could/would shift the balance of power on this planet. Here is why I am saying this. First it would shift the Saudi government toward the Chinese. If we do not sell these weapons to the Saudi’s the Chinese would be falling all over themselves to sell weapons to the Saudi government. Honestly I believe that it would be the Chinese and not the Russians who would fill the gap because the Russian government has aligned themselves with the Shiite Nations, mainly Iran and as you know, the Sunni Saudi’s are the enemy of Shiite Islam. China and Russia are allies of each other so it would be more crushing to the U.S. if China filled our void. Plus there is the reality that canceling this contract would put many American workers out of a job which would be felt in the voting booth next month.


Think about these things please, what if the Russians and the Chinese governments held complete sway over all of the Middle-East, over all of OPEC? What if China grew close to the Saudi Royal Family by such things as massive weapons sells? China is already building the largest refinery in the world in the Saudi Kingdom. If the U.S Government steps away from the Saudi Royal Family how long will it be before the Saudi’s decide to take their oil off of the dollar standard and put it on the Chinese Yen? If the Saudi’s did this I am sure that the rest of OPEC and the Arab world would very quickly follow suite. Think about it, the dollar not being the “world standard” currency. What if OPEC decided to only take the Yen as trading currency, and decided to either not sell any oil to the U.S. at all, or if they did, only at twice or three times the market rate? What would this do to the U.S. economy, to your job, to your living standard? In 2008 during that “depression” the U.S. economy backed off about 2%, what would things here in the States look like if our economy fell off by 10, 15 or 20%? I am just trying to be honest, I don’t like many realities in our world yet if we decide to change some of the current realities, we must be very careful about the new realities that bloom.



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