MR. SALVAGE & MAJEED: 🔥 “Blessings Unlocked & Banks Ready: GCR Momentum ...

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Is The Era Of The Dollar Over? Shocking Messages From The Davos Forum

 Is The Era Of The Dollar Over? Shocking Messages From The Davos Forum

Money and Business     Economy News - Follow-up   The World Economic Forum in Davos revealed a growing rift in economic relations between traditional allies, amid an unprecedented escalation in political and economic rhetoric, bringing back to the forefront a fundamental question: Is the world witnessing the end of the unipolar economic system?

During the forum, US President Donald Trump made strongly worded statements towards Europe, attacking European policies and directly demanding the abandonment of Greenland, in a move that strongly brought the issue of tariffs and trade tensions back to the forefront.

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Trump's message was clear and unequivocal: "America First," as he stressed that protecting the American economy had become a top priority, even if it led to economic tension with the closest allies in the European continent.

According to observers, trade is no longer just an economic tool for the US administration, but has become a means of national security, used to exert pressure and redraw the global balance of power.

 Shocking European Response From Davos

In contrast, the European response was swift and this time harsh and unprecedented.

European Commission President Ursula von der Leyen has explicitly called for Europe to break free from the dominance of the dollar, in a clear indication of a need to rethink the foundations of the global monetary system.

This stance was not limited to Europe alone, but was echoed in Canada, one of the strongest allies of the United States, where Canadian Prime Minister Mark Carney, known for his deep economic background, expressed a similar view calling for a reduction in excessive dependence on the dollar.

Back To The Roots: Bretton Woods And The Nixon Shock

To understand the current situation, economists look back to the period after World War II, when the global economic system was formed through the Bretton Woods Agreement, which placed the dollar at the heart of the global monetary system and linked the world's economies to the United States.

This system continued for decades, until Nixon's shock in 1971, when he broke the dollar's link to gold, radically changing the rules and building global stability on trust instead of solid guarantees.

 A New Test For The Global System

Today, this historical stability appears to be being tested once again. What the world is witnessing is not a passing disagreement between allies, but a comprehensive rethinking of the shape of the global economic order, the role of the dollar, and the limits of American influence.

Analysts believe that the next phase may witness a gradual shift towards a multipolar economic system, in which centers of power are distributed among more than one currency and more than one economic axis.

In a rapidly changing world, understanding major trends early on becomes a crucial factor in seizing opportunities and avoiding risks.

The most important question remains: Are we witnessing the beginning of the end of American economic hegemony? Or just a temporary rebalancing?     https://economy-news.net/content.php?id=64905

 

💵 Frank26 Update: No Taxes on Exchange, Presidential Vote, and IMF Certification

 Investors and Dinar watchers are eagerly awaiting key steps in Iraq’s financial and political roadmap. Frank26 clarifies some important questions regarding taxes, leadership, and international certification. Firefly adds breaking news about parliamentary votes and agreements with global financial institutions.

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⚠️ Frank26 Disclaimer

Please consider everything on this call as opinion. Always verify official sources and consult a professional before making financial decisions.

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❌ No Taxes on Currency Exchange

One of the most common questions from investors:

Question: “Are we going to get taxed when we exchange?”

Frank26 Response:

• No, banks cannot collect taxes at the point of exchange

• Tax obligations remain on April 15th or quarterly filings

• Authorities such as the IRS will still pursue taxes owed

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“You’re not going to get away with anything, but the exchange itself is not taxed.”

This is a key clarification for investors planning currency conversions.

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🌍 IMF, US Treasury, and World Bank: Investment Implications

Frank26 emphasizes that when he refers to IMF, US Treasury, and World Bank, it is shorthand for the strongest global financial institutions, including the USA.

• Current conditions represent excellent investment opportunities

• Agreements with these institutions signal stability and preparedness for upcoming reforms

“These are the best of times for our investment.”

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📺 Firefly Breaking News: MoU Between CBI and IMF

Firefly reports a major development on TV:

• The Central Bank of Iraq (CBI) signed a Memorandum of Understanding with the IMF

• Purpose: enhanced cooperation and alignment with international financial standards

This MoU is a strategic step, ensuring Iraq’s monetary operations are transparent and internationally certified—an essential precursor to currency adjustments and budget approval.

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🏛️ Iraq Presidential Vote: Kurds Present Final Candidate

Firefly also reported that Iraq’s parliament is scheduled next week (Monday or Tuesday) to vote on the presidency.

• The Kurds have submitted the third and final candidate’s name

• After the presidential vote, the IMF, World Bank, and US Treasury will certify Iraq’s financial readiness

• Once certified, the budget opens and HCL implementation follows

“It’s a domino effect: presidential vote → international certification → budget opening → HCL.”

This is critical for Dinar holders and financial observers monitoring Iraq’s reforms.

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⭐ Featured Snippet: Key Takeaway

Currency exchange in Iraq will not be taxed at the bank. The next steps include Iraq’s presidential vote, international certification from IMF, World Bank, and US Treasury, and finally, budget approval and HCL implementation.

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🔍 Why This Matters

1. No Taxes at Exchange: Clears investor concerns about immediate deductions.

2. Political Certainty: Presidential approval ensures continuity and legal compliance.

3. International Certification: IMF, World Bank, and US Treasury approval provides legitimacy and credibility.

4. Budget & HCL: Opens the door to economic reforms and potential revaluation.

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❓ Q&A Section

Q: When will taxes be due if not at exchange?

A: Taxes are due via regular filings, such as April 15th or quarterly, not during currency conversion.

Q: Why is the IMF/World Bank certification important?

A: Certification ensures Iraq’s financial system meets international standards, enabling smooth currency reform and budget approval.

Q: What is HCL?

A: HCL likely refers to High Confidence Legislation or a parliamentary priority law connected to economic implementation.

Q: What’s the significance of the presidential vote?

A: The vote confirms Iraq’s leadership, allowing the government to proceed with financial reforms, including international certification and budget execution.

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🧭 Final Thoughts

Frank26 and Firefly illustrate a clear roadmap for Iraq’s financial and political processes:

1. Presidential vote

2. International certification (IMF, World Bank, US Treasury)

3. Budget opening

4. HCL implementation

For investors, this clarifies timing, responsibilities, and risks while signaling that currency exchanges will not face immediate taxation, setting the stage for broader financial participation.

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Frank26 

 Question: "Are we going to get taxed when we exchange?" 

 No. The bank doesn't have the ability to collect any taxes from you.  On April 15th or quarterly you'll pay your taxes I promise you.  They're coming after you.  You're not going to get away with anything.

   When I say to you, IMF...US Treasury...World Bank, what am I actually saying?  ...USA...These are the best of times for our investment.

 FIREFLY:
TV shows the IMF and our CBI has signed a memorandum of understanding to enhance cooperation.  

FIREFLY:
Just got the news on the televisions that next week, either Monday or Tuesday, Parliament will meet to vote on the president... 

FRANK:  It's good to see the Kurds are bringing the third and final president's name now for a vote... Then the next thing is certification from the IMF, World Bank, US Treasury and then the opening of the budget.  And the #1 law then for the parliament is your HCL...