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Harambe: Reuters: Iraq's Sistani says early election only way out of crisis (12/20/19)
Reuters: Iraq's Sistani says early election only way out of crisis (12/20/19)
BAGHDAD (Reuters) - Iraq’s top Shi’ite cleric Grand Ayatollah Ali al-Sistani said on Friday that an early election was the only way out of the current unrest gripping the country and that a new government should be formed soon.
“The fastest and most peaceful way out of the current crisis, and avoiding the unknown or chaos or civil strife, is to go back to the people by holding an early election after legislating a fair electoral law,” Sistani said.
“We hope that the formation of a new government is not delayed for long,” he said in a speech read out by a representative at a Friday prayer sermon in the Shi’ite holy city of Kerbala. https://reut.rs/2PFTe3D
Courtesy of Dinar Guru
Footforward Ask yourself this. If the RV was never going to happen, why is Iraq putting out 160 trillion dinar budget out? There is absolutely no way that could be funded without an RV.
Frank26 ...IMO a rate and a date for that budget has been given. IMO it started with the receipt to receive the new small category notes and then they got a schedule with the dates. The dates IMO talked about the monetary reform. They also talked about where the rate will be used. In another place would be the budget...The budget and the reinstatement have been established. Tested. Recalculated. Ready to come...'We've been ordered to lift the 3 zeros and add value to our currency'...
Jeff Article Sept 6, 2012 "Delete The Zeros Must Be At The Beginning Of A Fiscal Year" ...this is a little bit older article from 2012. It's by Mohammad Saleh. He was the number 2 guy at the Central Bank for many years. According to him the "deletion of the zeros" must coincide with the beginning of a fiscal year...from 2010 to 2012 when Shabibi was the Central Bank Governor he made a statement, 'at the beginning or middle of a fiscal year'. That was stated by Shabibi himself...how do they achieve a rate greater than a dollar? ...they have to unpeg from the dollar and peg to an SDR basket. Will that change their fiscal year? You bet it will!
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KTFA:
Samson: Iraq Repays more than $20bn in Foreign Debt
20th December, 2019
Iraq has paid back more than $20 billion in foreign debt, the head of the parliamentary finance committee Haitham Al-Jubouri has said.
“Iraq’s foreign debt amounted to more than $50 billion. More than $20 billion was paid back over the last period,” Al-Jubouri told the Iraqi news agency.
According to the official, Iraq still owes $27 billion to foreign countries, in addition to $41 billion to Saudi Arabia given as a grant to the late Iraqi President Saddam Hussein. LINK
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Samson: Abdul-Mahdi meets an American official and stresses respect for the sovereignty of Iraq
19th December, 2019
Resigned Prime Minister Adel Abdul-Mahdi discussed Thursday with the US Under Secretary of State for Political Affairs the recent developments in Iraq and the region.
Abdul-Mahdi's office said in a statement received / Mawazine News, that the latter "received, the US Undersecretary of State for Political Affairs David Hill, and the partnership and cooperation relations between the two countries were discussed, and listening to the Iraqi vision on the recent developments in Iraq and the region, as well as the vision of the United States of America About it."
Abdul-Mahdi stressed, according to the statement, "the strategic partnership, support for Iraq and its constitutional institutions, and respect for its sovereignty," pointing to his policy in building good relations with all neighboring countries, international partners and friends, and the importance of relations between the two countries, continuing cooperation in all fields and combating terrorism. LINK
The Feds ACH (Direct Deposit) System Fails, Fed Ex Is A Warning Sign For The S&P 500
Silver Report Uncut: Dec 20, 2019
First, we look at the fed's ACH system that suffered a major failure leaving many unable to access their direct deposits.
I should note briefly however the fact that the Fed is still looking into the cause of this breakdown is a bit concerning. They don't even know why this happened.
The Philly fed survey shows weakness developing in Pennsylvania as employment has seriously begun to cool. We see that Existing home sales fell again by 1.7% while many analysts expected there to be some growth. This is concerning because the national association of realtors is pointing to supply concerns and builders are all now in a rush to build smaller cheaper homes.
What does this mean for the future of existing home sales. Finally we look at the collapse of Fed Ex it's not just that Amazon has dropped the use of the carrier for most of their private sellers. but their performance which is a leading indicator for the greater economy reveals a correction of either the S&P 500 or a correction in industrial production data needs to happen.
Fed ex is a big flashing warning sign for the stock market and the US economy as a whole. Even the CEO conveyed he doesn't see the economic data supporting growth or stock valuations.
Be Ready For Economic Collapse & Stock Market Crash-- Deutsche Bank Meltdown $250 Trillion Debt
Economic Predictions 2019: Premiered 80 minutes ago