Beiträge von Real de Catorce

Regierung finanziert Ukraine-Zahlungen aus kriegsbedingt steigenden Steuereinnahmen

Multipolar-Recherche: Wachsende Steuereinnahmen durch Sanktionsfolgen / Gestiegene Verbraucher- und Energiepreise finanzieren indirekt Zahlungen für Ukraine / Trotz Kanzler-Aussagen: Auch milliardenschwere Kürzungen im Sozialbereich

29. November 2024 Berlin. (Paul Schreyer multipolar)

Die Bundesregierung schöpft das Geld für ihre Zahlungen an die Ukraine aus kriegs- und sanktionsbedingt gestiegenen Steuereinnahmen sowie aus Kürzungen öffentlicher Ausgaben. Das hat eine aktuelle Multipolar-Analyse des Bundeshaushalts ergeben. Seit Februar 2022 hat die deutsche Bundesregierung laut eigener Auskunft Zahlungen in Höhe von mehr als 37 Milliarden Euro für die Ukraine getätigt. Über 23 Milliarden Euro davon wurden durch stark gestiegene Einkünfte des Bundes in den Jahren 2022 und 2023 finanziert.

Die steuerlichen Einnahmesteigerungen – unter anderem bei der Umsatzsteuer und bei Unternehmenssteuern – resultieren aus höheren Verbraucherpreisen, die auf gestiegene Energiepreise zurückzuführen sind, welche wiederum durch den Krieg und die von Deutschland mitbeschlossenen Sanktionen ausgelöst wurden. Multipolar bezeichnet dies als „Teufelskreis“, der vor allem zulasten unterer und mittlerer Einkommensschichten geht. „Der Krieg ernährt den Krieg.“

Die restlichen an die Ukraine verschenkten Finanzmittel in Milliardenhöhe hat die Bundesregierung durch Kürzungen bei öffentlichen Ausgaben freigemacht. So wurden beispielsweise zwei „Sondervermögen“ des Familienministeriums zum „Ausbau der Betreuung für Kinder bis zum Schuleintritt“ und zum „Ausbau Ganztagsbetreuung für Kinder im Grundschulalter“ für die Jahre 2023 und 2024 komplett gestrichen. Weitere Kürzungen gegenüber den Vorjahren hat es in den Ressorts Gesundheit, Wirtschaftliche Zusammenarbeit und Entwicklung sowie beim Auswärtigen Amt gegeben. Auch die Zuschüsse des Bundes zur Rentenversicherung sind in den vergangenen Jahren unter dem Niveau der zeitgleichen Inflation geblieben.

Bundeskanzler Olaf Scholz (SPD) hatte wiederholt behauptet, die deutschen Zahlungen an die Regierung in Kiew gingen nicht zulasten von Rentnern und bedürftigen Menschen in Deutschland. „Es dürfe nicht der Gegensatz aufgestellt werden, entweder die Ukraine zu unterstützen oder in Deutschlands Zukunft zu investieren“, hatte Scholz in einer Rede am 6. November gesagt. Diese beiden Aspekte gegeneinander zu stellen sei „falsch und gefährlich“. Außenministerin Annalena Baerbock (Grüne) hatte am 7. November als erstes Regierungsmitglied allerdings öffentlich erklärt, dass die Zahlungen Deutschlands für die Ukraine zu Kürzungen unter anderem von Sozialausgaben hierzulande geführt haben. Dies seien „schmerzhafte Entscheidungen“ gewesen.

Die Neuanschaffung von militärischen Waffensystemen, die die an die Ukraine verschenkte Bundeswehrausrüstung ersetzen soll, werde finanziell im wesentlichen über das „Sondervermögen Bundeswehr“ abgewickelt. Es handelt sich dabei um eine Ermächtigung zur Neuverschuldung von bis zu 100 Milliarden Euro. An die Ukraine seien bislang beispielsweise 106 Kampfpanzer (Leopard A1 und A2) und 140 Schützenpanzer (Marder) geliefert worden. Neu bestellt wurden 105 Kampfpanzer Leopard 2 A8 sowie 50 Schützenpanzer (Puma). Den Kauf dieser neuen Panzer über das „Sondervermögen“ abzuwickeln, sei jedoch „rechtlich heikel“, denn die Kreditermächtigung sei nicht zur Ersatzbeschaffung ins Leben gerufen worden, sondern um den Ausrüstungsstand des deutschen Militärs zu verbessern. Seit Februar 2022 sei von deutschen Steuerzahlern finanziertes Material aus Beständen der Bundeswehr mit einem geschätzten Wert von etwa 5,2 Milliarden Euro an die Ukraine verschenkt worden.

https://multipolar-magazin.de/meldungen/0141

25 Nov 2024 - Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets. This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary. The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar. Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system. Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers. By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

25 Nov 2024 - Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets. This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary. The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar. Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system. Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers. By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

QUITO, Ecuador, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to announce the final steps to complete its emigration by year-end following the Company’s previous announcement to position the Company to maximize returns for shareholders and protect the interests of stakeholders by aligning with regulators in Ecuador as Warintza completes the permitting process (see the Company’s news release dated September 9, 2024).

In connection with the emigration, the Company is pleased to announce the appointment of Matthew Rowlinson as President and Chief Executive Officer of the Company, effective January 1, 2025, to be based in a new office in Zug, Switzerland, with further appointments in this office to follow. Mr. Rowlinson is uniquely well positioned for this role having most recently served as the Head of Copper Business Development for Glencore, one of the world’s largest copper miners.

The Company is also pleased to announce the appointment of Mr. Matthew Rowlinson, Mr. Rodrigo Borja, and Mr. Hans Wick to the Company’s board of directors effective January 1, 2025. The Company’s directors in Canada, Mr. Daniel Earle, Ms. Poonam Puri, Mr. Kevin Thomson and Mr. Ron Walsh will resign from their roles on the board effective January 1, 2025.

Mr. Rowlinson will lead the executive team and be supported by the Warintza Project team led by the Company’s Chief Operating Officer, Mr. Javier Toro. Mr. Toro has built a technical team based in Lima, Peru, with recent hires from senior copper mining companies as Project Director, Senior Resource Geologist, Geotechnical Manager, Senior Metallurgical Engineer, and Mine Planning Engineers. Additionally, Mr. Toro will continue to be supported by Ecuadorian executives, Mr. Jorge Fierro, Vice President, Exploration, and Mr. Ricardo Obando, newly promoted to the role of Vice President, Community and Government Affairs, both of whom have been with Solaris since inception.

Placement and Spin-Out

In connection with his appointment, Mr. Rowlinson has agreed to subscribe for C$500,000 of common shares from the Company pursuant to a private placement.

The Company anticipates completing a spin-out transaction to capitalize on its non-core assets, including La Verde, Capricho, and Paco Orco, which will form the foundation of a new growth-oriented copper company focused on the consolidation of operating and advanced development assets with exceptional upside potential. This new company will benefit from the deep knowledge of the universe of projects and extensive network of relationships Mr. Rowlinson brings to Solaris to rapidly scale its business. The Company will announce additional details about this exciting venture in the new year.

Matthew Rowlinson Appointed President & CEO, and to Board of Directors

Matthew Rowlinson has extensive experience from senior executive roles in Glencore’s copper department over the past eleven years. Since 2021, Matthew served as Head of Copper Business Development where he was jointly responsible for the strategic direction of one of the largest copper portfolios in the sector and developed deep knowledge of the industry and global inventory of projects.

In this role, he successfully executed multiple public and private M&A transactions, highlighted by Glencore’s consolidation of the global scale MARA project. Matthew joined Glencore in 2013 as an asset manager for Latin America and was subsequently appointed Chief Financial Officer for Copper Americas. He began his career with Ernst & Young as an auditor of multinational mining and financial companies and is a qualified Chartered Accountant that holds an MBA from the University of Bath, UK.

Rodrigo Borja Appointed to Board of Directors

Rodrigo Borja is a senior lawyer with decades of experience in Ecuador, including as the Chief Legal Officer (“CLO”) of several foreign companies with operations in the mining and oil sectors. In the mining sector, Rodrigo was CLO of Kinross’ Ecuador subsidiary, where he managed all legal aspects of the company. He led the negotiations with the Ecuadorian state for the Mining Exploitation Contract for the Fruta del Norte project and the investment contract that protects foreign investment. Rodrigo is currently a partner with AVL Abogados where he leads its mining practice.

Prior to this, Rodrigo was the CLO of the Brazilian oil company Petrobras, responsible for all legal aspects of its operation from 2002 to 2010. He was also a member of the Executive Committee, as well as an alternate member of the Board of Directors of OCP Ecuador, Ecuador’s main oil pipeline.

Hans Wick Appointed to Board of Directors

Hans Wick has decades of experience in the financial services and investment sector, with his most recent role as the Managing Director of a Swiss private bank. As a senior financial services and investment professional, Hans benefits from an in-depth knowledge of the sector and a wide network of contacts which he applies to his mandates and lends to the boards of directors he serves on. Over the course of his banking career, Hans has also been active in the mining sector for decades as an investor and advisor to numerous companies.

Ricardo Obando Appointed Vice President, Community and Government Affairs

Ricardo Obando brings over 16 years of experience in the public and private sectors in Ecuador and is an expert in the field of government and community social relations, with a specialty in the formulation and design of dialogue and consultation processes. Until his promotion, Ricardo served as Country Manager, Ecuador, for Solaris since 2019.

Prior to this, Mr. Obando held senior roles in the Ecuadorian public sector, including Advisor to the Ministry of Energy and Mines, Strategic Coordinator of Social Intervention of the Ministry of Strategic Sectors, as well as Director of Social and Environmental Monitoring of the Hydrocarbons Secretariat and Coordinator of Social Participation, Community Relations and Management in the Ministry of Environment.

Final Emigration Steps

As part of the Company’s final emigration steps, the Company anticipates that effective January 1, 2025, its Canadian offices will be closed, the Company and its subsidiaries will have no individuals in Canada who are employed or self-employed in connection with the Company’s or its subsidiaries’ operations, the Company and its subsidiaries will have no assets in Canada used in carrying on the Company’s or its subsidiaries’ operations, and the Company and its subsidiaries will otherwise not carry on any part of their operations in Canada.

The Company does not anticipate that the foregoing emigration steps will pose adverse tax consequences for the Company or impact its stock exchange listings.

Executive Chairman’s Message

Mr. Richard Warke, Executive Chairman of Solaris, commented, “I want to offer my sincerest gratitude to the Solaris team for their unrelenting drive to advance the late David Lowell’s greenfield discovery at Warintza to become a major copper project more than ten-times its original size in only five years.

As early works infrastructure development is now underway, this team has brought Warintza within view of completing permitting and commencing full-scale construction for what could be one of the industry’s last major copper districts to be developed at low elevation and adjacent to infrastructure. I would also like to thank the outgoing directors for their guidance during this journey.

I am firmly committed to maximizing returns for shareholders and protecting the interests of stakeholders and this reorganization creates the strategic flexibility and alignment of interests with regulators to do so. I want to welcome Matt and the incoming directors to Solaris as we position ourselves for a pivotal year ahead.”

On behalf of the Board of Solaris Resources Inc.

“Daniel Earle”

President & CEO, Director