Mountainman: Well First we have USA'S FATCA......Sounds like a "HINT" of the GLOBAL VERSION here......and DOC....More LEVELING of the Playing Field You spoke about Previously....IMO
BACKDOC: PROBABLY NOT TOO LONG IN THE FUTURE THE TAXATION SYSTEM WILL PROBABLY ENCOMPASS THE GLOBE IN THE NEW REALITY! THE MORE THE WORLD BECOMES DIGITAL,
THE MORE CONTROL THE "ONE WORLD SYSTEM" WILL HAVE AND THE LESS SOVEREIGNTY WE ALL WILL HAVE! THE SUPER CORPORATIONS ARE PLANNED TO CONTROL COUNTRIES AND PEOPLES WORLD WIDE! DOC IMO
Thunderhawk: Wind of Change: IMF Chief Calls For New International Taxation System
Governments globally should take steps to adjust taxation systems to close loopholes allowing multinational corporations to avoid paying taxes in countries of their origin, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Monday.
The IMF chief said taxation allows governments to mobilize their revenues. She noted, however, that the process can be undermined by "overly aggressive tax competition" among countries, and companies abusing the system of international taxation.
"We need a tax system in which ordinary citizens are convinced that multinational companies and wealthy individuals are contributing a fair share to the public purse, to the common good," Lagarde stated at a conference in Abu Dhabi, the United Arab Emirates.
Wealthy individuals try to avoid taxes, Lagarde explained, and move assets to offshore locations. She argued that the automatic exchange of taxpayer information among governments could make it harder for businesses to follow the scheme.
The IMF chief noted that higher revenues stemming from closed loopholes will create more fiscal room, particularly for oil-exporting countries that have been hit by falling commodity prices.
"The size and likely persistence of this external shock means that all oil exporters will have to adjust by reducing spending and increasing revenue," Lagarde concluded.
IMF estimates show that developing economies lose up to 1.3 percent of their GDP in tax revenues due to inadequacy of the existing system.
http://peoplenetv.com/wind-of-change-im ... on-system/
BACKDOC: WE RECENTLY SAW CANADA SELLING GOLD WHEN MANY THINK NOW IS THE TIME TO BUY IT! MMMM
I SUSPECT THEY DON'T REALIZE THE REPRICING OF THOSE HARD SECURITIZED ASSETS WILL FIND A REPRICED VALUE MUCH LOWER IN THE NEW REALITY!
THERE WILL BE NO ESCAPE FROM THIS COMING VALUE CHANGE! IT WILL AFFECT EVERYTHING! THATS WHY INVESTORS SAY UP IS DOWN AND DOWN IS UP! HEE HEE
HOW CAN YOU PLAN ANYTHING FINANCIALLY WHEN THE VERY CONCEPT OF VALUE IS CONSTANTLY CHANGING?
ONCE THE NEW GLOBAL REALITY VALUE IS DISCOVERED AT A MUCH LOWER NUMBER, GOLD MAY FIND ITSELF IN THE 800 TO 900 RANGE AS AN EXAMPLE!
YOU SEE, COUNTRIES KEEP DEVALUING THEIR CURRENCIES LIKE CHINA DID TODAY, BECAUSE OTHER COUNTRIES KEEP DEVALUING THEIRS! THEY KEEP DOING IT TO GET A TRADE ADVANTAGE!
ONCE COUNTRIES SWITCH OVER TO DIGITAL THOSE GAMES ARE OVER!
TPP WILL OF COURSE HAVE ITS ROLE OF CONTROL BUT VALUE WILL BE CONTROLLED BY THE IMF ONCE THE ASSET BACKED STATUS BREAKS THE DAWN! DOC IMO
Thunderhawk: North American Divorce? Canadian and US Lending Trends Become Out of Sync
Commercial borrowing is on the rise in Canada and falling in the US, due to a fundamental difference in the way Washington and Ottawa approach monetary policy; as a result, the two nations are gradually moving away from one another – economically, at least.
While debt imbursement has been steadily slowing in the US private sector amid tightening monetary conditions, carnage in corporate profits and an overall unfavorable business climate under the Obama administration, Canadian banks have been issuing more and more new loans to private entities since 2005. The upward trend was hardly affected by the financial meltdown of 2008-2009, with overall household and non-financial private sector borrowing increasing by 60% in Canada over the past 10 years.
Canada's households and private sector entities are becoming increasingly indebted, with private sector debt-to-GDP ratio having risen by 60% between 2005 and early 2016, almost as much as during the previous four decades, 1965-2005.
In part, the tendency is explained by Canada's GDP growth dynamics, which slowed somewhat during the past decade, fluctuating between 4% in 2005 and —4% in late 2009, and between 1% and 3% thereafter. Historically, the pace of Canada's economic growth hit its peak in the late 1960s-early 1970s, exceeding 8% annually, and holding at just about 6% thereafter, interrupted only by brief periods of recession.
Demographics provide even more answers. During its heyday of unprecedented economic expansion, Canada was a scarcely populated, albeit resources-rich, nation. In 1965, Canada was home to just under 20 mln people, and that figure increased to 27.5 mln in 1990. However, a recent surge of immigration has boosted the nation's population to 35.16 mln in 2013 and counting. The increase in household indebtedness reflects a steadily rising demand for mortgages, and with real estate prices going up as more people have moved in since 2005, the size of the country's debt market has risen exponentially.
Additionally, the ultra-accommodative policies of the Bank of Canada (BoC) have played their part in fueling the demand for credit. In 2001, BoC's base borrowing costs stood at 6%, effectively staving off insufficiently solvent potential borrowers. In 2005, the rate was 2.5%, and throughout first part of the 2010s, the rates were 1%, only to be lowered further to 0.75% and 0.5% in 2015.
Consequently, Canada's private sector non-financial debt-to-GDP ratio is now greater than that of the US, and the gap has never been wider. Canada's ratio exceeds that of the US 5-4; in 2005 the US ratio was 5:3 higher and the ratio was equal for the two countries in 1980.
Such a discrepancy can be explained by the tighter monetary conditions imposed by the US Federal Reserve, compared to the ultra-loose policies of the BoC, which is still hoping to get the debt-fueled growth machine running full steam again.
"Canada came through the financial crisis looking relatively good, not because of productivity-enhancing advancements or anything like that, but by going through this hyper-leveraging cycle," David Doyle of the investment bank Macquarie said.
In recent years, the US private sector debt-to-GDP ratio has been shrinking by an average of 2% annually as many US businesses and households have struggled to service their existing debts, and tighter monetary conditions would not allow restructuring through further debt imbursement. In Canada, the credit cycle has been going in the opposite direction, with the private sector debt-to-GDP ratio adding an average 5% per year due to BoC stimulus and easilily available credit, along with the booming real estate sector.
The tar sand oil boom, which has affected parts of Canada, as well as robust demand for mortgages from young families have been driving the private sector's credit expansion. However, there is rife volatility in the banking sector, and the entire Canadian financial system is overheating, bearing an implicit hazard of asset bubbles forming in its midst. Consequently, Canada might be nearing its equivalent of the US ‘2007 phenomenon‘ that resulted in the mortgage crisis and broader credit meltdown.
The economies of the US and Canada are tightly interwoven. However, the former is 10 times larger (US GDP was $17.914 trln in Q2 2015 versus about $1.785 trln in Canada), and any possible negative effects of credit overextension brewing on the Canadian side of the border would do less damage to the US than vice versa.
However, the current situation implies the credit cycles in the US and Canada are becoming increasingly desynchronized, which last happened during the ‘oil bust' of 1986. This time around, the discrepancy between credit cycles north and south of the border will obviously linger for many years due to conceptual differences in monetary policies used by the BoC and the Fed. In turn, that means US-Canadian economic interdependence in the real sector is starting to fade.
Unless Canada crashes in a financial meltdown soon and subsequently tightens up its credit policies, the nation is likely to remain mired in near-stagnation until its manufactured goods its growth prospects lift off by late 2010s. Canada, however, can hardly count on domestic consumption as reliable source of growth, as it is over-reliant on credit as well.
http://peoplenetv.com/north-american-di ... t-of-sync/
BACKDOC: WELL THUNDER I GUESS WE PEGGED ANOTHER ONE! HEE HEE
WHAT DID WE SAY ABOUT THIS AGREEMENT? WAS THIS MIGRANT CRISIS INTENTIONAL TO CAUSE STRESS ON THE AGREEMENT?
CERTAINLY THERE WERE OTHER OPTIONS! THEN WE LOOK AT GREECE AND SPAIN!
ALSO THE LARGEST CAR MAKER VW CREATING HUGE FINANCIAL STRESS NOT TO MENTION THE DEUTCHE BANK DEBACLE!
I WOULDN'T WANT TO OWN ANYTHING IN EUROS THATS FOR SURE!
THE UNIVERSAL CURRENCY AT THESE PRICE LEVELS ARE UNSUSTAINABLE FOR MOST WORLD MARKETS THEREFORE A CRISIS IS IN THE MAKING!
TALK IS CHEAP UNTIL WE SEE ACTUAL OIL INVENTORIES DECLINE! DOC IMO
Mountainman: We ALL Know when there isn't A "FILTERED BORDER PROCESS"......Then SOCIETAL CONFUSION and CHAOS.....is the BYPRODUCT......Yes this is Part of EUROPES New GLOBAL REALITY "TRANSITION"......A Must...IMO....but there is A Bigger Picture in this SCHENGEN PUZZLE.....and A Lot MORE "PIECES" are Missing From this Table of Talks.....
Thunderhawk: Schengen Collapse Could Cost EU $1.5 Trillion – Study
The strain of the ongoing migration crisis has sparked fears the EU's much celebrated passport-free Schengen travel zone could collapse. A new study has claimed that if the Schengen was to dissolve, it could cost the EU US$1.55 trillion (€1.4 trillion) over the next decade.
The research, undertaken by German think tank, the Bertelsmann Foundation, claimed that under the worst case scenario, the reintroduction of border controls would push up import prices by three percent, which would lead to nearly 1.5 trillion worth of trading losses between 2016 and 2025.
Under this scenario, Germany and France would be among the hardest hit, losing hundreds of billions of euros in trade over the decade-long period.
Even under the least severe estimate, which would see import prices rise by one percent in the event of the Schengen collapsing, researchers claimed the EU would stand to lose US$518 billion (€470 billion).
"If border controls are reinstated within Europe, already weak growth will come under additional pressure," Bertelsmann Foundation President Aart De Geus said.
Researchers say that reintroducing border controls within the EU would increase the amount of time it takes for goods to be transported across borders, ultimately raising costs for consumers and companies.
Any such developments would also increase costs for some of the EU's biggest traders, with the Chinese and US economies also expected to take a significant hit in the event of the dissolution of the passport-free travel zone.
The Schengen zone, which is an agreement among 22 EU member states and four non-EU European countries, was developed three decades ago and allows for the free passage of people and goods across national borders.
While the development is regarded by many as the EU's greatest achievement, there have been suggestions the Schengen zone may collapse given the ongoing migration crisis.
Given the EU's inability to agree upon a common approach to the crisis, a number of countries have taken action into their own hands and reintroduced border controls to better manage the flow of people coming into Europe.
This has raised concern among top officials in Brussels that some of these arrangements may continue on a permanent basis, effectively putting an end to the EU dream of having a borderless Europe.
Thunderhawk: YOU JUST GOTTA WONDER ABOUT THIS ONE.MMMM
WATCHA THINK THEY HAVE TO SAY?
Mountainman: How About........We NEED You GLOBAL COUNTRIES to be on the SAME PAGE w/Our NEW GLOBAL REALITY......that's "IF" You Guys want to "KNOW" how You are Going to have a Better Opportunity to "MAKE" MONEY w/Other COUNTRIES......W/Some NEW ASSET VALUES....VIA(SECURITIZATION)!!!!!!!!........Any "TAKERS"...Hmmm.......Oh Yah Don't FORGET We have some "NEW ENTRY'S COMING SOON.......IMO....
Each spring, thousands of government officials, journalists, civil society organizations, and participants from the academia and private sectors, gather in Washington DC for the Spring Meetings of the International Monetary Fund and the World Bank Group.
At the heart of the gathering are meetings of the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee, which discuss progress on the work of the IMF and the World Bank Group. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial markets.
This year’s Spring Meetings events will take place in Washington, DC, April 13-18, 2016. The plenary session of the IMF and World Bank Group's Boards of Governors is scheduled only during the Annual Meetings in autumn.
Hoot: hey backdoc what is your take on the deal the cbi has with the imf ,,,,on the things that need to be done by the end of february.....do you think we will see an RI at the end of february and an RV by the middle of the year.....i just cant see the iraqi citizens waiting to use there cards in four months,,,let alone iran
BACKDOC: BASED ON THE ARTICLES I'VE STUDIED AND THE IMPLEMENTATION THAT HAS BEEN REPORTED WITH IRAN, I BELIEVE THEY ALREADY HAVE THE RATE!
THE ONLY MYSTERY IS WHEN THEY WANT TO SHOW IT!
THERE IS A PLAN I ASSURE YOU! THINK OF THE OZ AS THE MAGICIAN! HE WAVES HIS HAND LEFT AND RIGHT AS THINGS HAPPEN THAT YOU CAN'T SEE BUT ALL AT ONCE IT WILL SHOW UP LIKE THE COIN BEHIND YOUR EAR! HEE HEE
ACTIONS MEAN THINGS!
WHAT WAS THE INACTION THAT HAPPENED? THEY DIDN'T PASS THE AMNESTY LAW! WHY? BECAUSE ITS NOT THEIR TIME YET!
ITS NOT ABOUT THEM YET! VERY SOON IT WILL BE AND THEY WILL SHOW OFF MR. LONELY TO THE WORLD!
OZ IS IN CONTROL AND IS DIRECTING ALL OF THE COUNTRIES THAT NEED ALIGNED! ARE SOME OF THE NEW ASSET BACKED BONDS FINDING THERE WAY INTO COUNTRIES TREASURIES TO BOOST THEIR VALUE? MMMM DOC IMO
BACKDOC: HEY WAIT A MINUTE! I THOUGHT THE U.S. WAS STILL UNDER SANCTIONS AND COULDN'T PARTAKE OF THE EXPLOSION OF BUSINESS OUT OF IRAN!
I GUESS IT WAS TOO MUCH TO BEAR SEEING OTHER COUNTRIES MAKING MONEY BIG TIME! SLAP! MAKE UP YOUR MIND! ARE YOU IN OR ARE YOU OUT?
ITS OK THERE'S ALWAYS ALTERNATIVES RIGHT? HEE HEE DOC IMO
Mountainman: Hey You...WHO???....You....USA.....Are YOU about "READY" to LIFT some "FINAL SANCTIONS"....So US CORPS can "FREELY" do INTERNATIONAL BUSINESS w/Our Companies/BANKS........TIMING is Almost READY HERE ....Right???.......You "KNOW"....Yup....You surely Do!!!!!!!!....IMO
BTW.....The NUCLEAR SANCTION TALKS were Your SMOKE SCREEN for "MUCH BIGGER TRANSACTIONS".....RIGHT???.......Ok....Got It!!!!!!!!
Thunderhawk: EU, US firms lining up to join Iran petchem projects: CEO
A deputy petroleum minister says American firms have joined their European rivals to wade into Iran's petrochemical industry now that sanctions have been lifted.
Marziyeh Shahdaei, a deputy petroleum minister in petrochemical affairs, told a meeting with senior petrochemical executives from Persian Gulf Holding Company on Monday that following the lifting of international sanctions, many international firms from Europe and the US have indicated interest to join projects in Iran.
She said the holding can become a major partner in Iran's petrochemical development given the fact that it has grown bigger and more influential than NPC, Shana reported.
Shahdaei, who presides over NPC, said the company is planning to materialize the country's second petrochemical leap by 2020, adding, 'We would do whatever we can in this regard.'
She said NPC is responsible for attracting finances for petrochemical projects, adding it lays so much expectations on PGHC in this regard.
Mountainman: "COOPERATION".....Makes it Happen!!!......This NEW REALITY sure Makes "TRADE" A PRIORITY for w/Out it.....No ONE Makes $$$$$$$$.....Especially "WHEN" ....You DENMARK have an INGREDIENT/RESOURCE.....IRAN "NEEDS"........IMO
Thunderhawk: Iran-EU economic prospects very promising
Governor General of Zanjan province Jamshid Ansari said that considering new international situation and Iran' nuclear agreement with the world powers, prospects for the Iran-European Union (EU) economic interaction are very promising.
He made the remarks in a meeting with Denmark's Ambassador to Tehran Danny Annan here on Monday.
Ansari said that trade balance between the two countries is in benefit of Denmark and added that in exchange for 160 million dollars export from Denmark, Iran exported only five million dollars to the Danish market.
The governor general added considering potentials of Denmark in the fields of industry and agriculture, he hopes to witness balanced economic cooperation and promotion of investment between Denmark and Zanjan.
Ansari said that Zanjan produces 2.6 million tons of agricultural goods annually, out of which only 600,000 tons are consumed in the province and the rest after processing is exported to other provinces.
The official said that Denmark has the special advantage in producing dairy and added that Zanjan could be a center for producing and exporting dairies desirable by European countries.
He said that mineral resources of the province is another specialty for Zanjan and added that exploitation of alumina from alunit could be done by Danish companies, considering 130 million ton resources of the province.
Technology to exploit this mineral process does not exist in Iran, Ansari said.
Danny Annan called Zanjan a capable and appropriate province in the sectors of agriculture and mine and added that Denmark has always had a suitable cooperation with Iranian dairy companies of Mihan and Pegah companies and provided raw materials and machineries for them.
Annan had a 2-day visit to Zanjan and visited industrial centers, university, Science and Technology Park as well as holding a meeting with officials from chamber of commerce, industry, mine and agriculture of the province.
Mountainman: LOOK for "MORE" of these WORKSHOPS Globally....For they will "HELP" Production/Conservation of Resources....However w/the NEW GLOBAL RULES and Caveats that Will be "ENFORCED" as The CHANGES in GLOBAL TRADE Unfold!!!!!!!!......IMO.......And No MATTER "WHERE" You Live......WE ALL will SEE/FEEL the CHANGES.....=FOOD and Other EVERYDAY PRODUCTS.........
Thunderhawk: FAO assists Iran on tenure of land, fisheries, forestry
FAO has conducted a three-day technical workshop (21-23 February 2016) in Tehran focusing on the responsible governance of tenure of land, fisheries, forestry and cross-cutting issues in the country aimed at enhancing national food security.
The workshop has been organized through the collaboration between the Food and Agriculture Organization of the United Nations (FAO) and the Iran’s Land Affairs Organization entitled “Technical Workshop Awareness Raising on the Voluntary Guidelines on the Responsible Governance of Tenure of Land, Fisheries and Forests in the Context of National Food Security (VGGT)”.
The VGGT represents a global engagement towards placing tenure firmly in the context of poverty reduction and food security and promoting more transparent and accountable tenure structures and administrations.
Serge Nakouzi, the FAO Representative to the Islamic Republic of Iran highlighted in his opening remarks of the workshop that VGTT as “the guidelines that can serve as a reference to all stakeholders”.
He underscored that implementation of the guidelines has one of the priority areas of FAO’s global programme promoting extensive global awareness and capacity building. So far, response to 26 country requests for support on VGGT has been provided by the Organization.
“We are delighted to follow discussions on ways in which the guidelines might be implemented in Iran and we are pleased to follow the process of increasing capacities of all stakeholders to understand, administer, secure and transfer tenure rights, in accordance with the principles contained in the guidelines” he added in his statement.
The FAO Envoy to Iran expressed that the Government of the Islamic Republic of Iran has been very active in the drafting of and negotiations on the VGGT and affirmed that the VGGT are applicable to all national governing systems which render them as useful and equally appropriate tool for the country.
The VGGT workshop in Iran has been conducted by Daniel Dale, FAO Land Management and Tenure Officer based at the Regional Office for North Africa and the Near East in Cairo, Egypt and Leila Shamsaifar, Land Tenure Officer at the FAO Headquarters in Rome, Italy.
The VGGT are based on an inclusive, transparent consultation process started by FAO and then finalized through intergovernmental negotiations led by the Committee on World Food Security (CFS), with the participation of civil society organizations, private sector representatives, academics and researchers, and international organizations.
The voluntary guidelines place great emphasis on participatory and transparent decision-making. The workshop intends to create a critical mass of informed stakeholders, discuss ways in which they might be implemented here in the country and initiate the development of a multi-stakeholder platform.
The workshop aims to strengthen ability of both government and citizens to understand and administer tenure rights and the processes involved in providing access to and transferring such rights, in accordance with the principles contained in the VGGT.