More News, Rumors and Opinions Monday Afternoon 7-1-2024
BRICS: Major U.S. Financial Sector To Be Impacted If the Dollar is Ditched
The main U.S. sector to be affected if BRICS ditches the dollar is the banking and finance sector. Banks across America will be forced to take concrete measures to safeguard the prospects for the U.S. dollar. Moreover, new currency pairs could take center stage in the forex market adding more pressure on the U.S. dollar.
Also, banks lend millions of dollars globally and the amount disbursed could be reduced considerably. Therefore, the U.S. dollar will experience a dent in the supply and demand mechanism and banks will take the first hit due to the BRICS de-dollarization initiatives. U.S. banks are already in crisis with several banks facing closures and bankruptcies since 2020.
If the banking sector takes the first hit, the next dent will inadvertently be the financial sector in the U.S. The financial sector is broad and involves consumer goods and retail, technology, and fintech, among various others. Even inflation could hit the U.S. homeland making the prices of everyday essentials peak. BRICS ditching the dollar for global trade and transactions will begin to have adverse effects on the U.S. economy and day-to-day life in America will be impacted.
Source: Watcher Guru
https://dinarchronicles.com/2024/06/29/brics-ditching-the-dollar-will-affect-a-major-us-sector/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 A few people were saying, 'boy the news out of Iraq is really slow.' It's not slow. The calm before the storm...that phrase fits perfect right now...It's not slow, it's simply very silent because that's the phase we're in right now. The phase we're in right now...to announce the new exchange rate, they are being mum. They are being mum about the budget right now...
Mnt Goat I...asked [my CBI contact] how the rate of the dinar would be determined in the future...I was...told that “you know and I know that the rate of the dinar is now being artificially suppressed”...I was told that Iraq is in a much better situation now prior to the 1990 embargo and so why not have an international rate again with at least a rate equivalent to the late 1980’s prior to the invasion...
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TNT:
Tishwash: IBBC conference in London marks milestone for Kurdistan Region
"One of the significant outcomes expected from this annual event is the establishment of a branch of the University of London in Erbil, slated to open next academic year as the largest in the Middle East."
The 12th Iraq Britain Business Council (IBBC) conference in London is set to open with the participation of Kurdistan Regional Government (KRG) officials, aiming to bolster economic ties between Iraq and the United Kingdom.
Bargasht Akrayi, spokesperson for the KRG Investment Board, announced from London, "The Chairman of the Kurdistan Board of Investment will attend the IBBC conference to deliver a speech on behalf of the Kurdistan Regional Government. This conference, held biannually in Erbil, London, and Baghdad, aims to enhance trade and economic relations between the two countries."
"In addition to KRG officials, the conference will feature representatives from the Iraqi government, employers, businessmen, investors, and delegates from British and international companies, all focusing on fostering deeper ties," Akrayi emphasized.
"One of the significant outcomes expected from this annual event is the establishment of a branch of the University of London in Erbil, slated to open next academic year as the largest in the Middle East."
The IBBC conference continues to serve as a pivotal platform for advancing economic cooperation and investment opportunities between Iraq and the United Kingdom, with a special focus on the Kurdistan Region's development initiatives and strategic economic sectors. link
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ANNOUNCEMENT Strategy of CBI 2024 to 2026
Edu Matrix: 7-1-2024
ECONOMIC COLLAPSE CONTINUES TO WORSEN, FASTER! (EXPECT STOCK MARKETS TO GO HIGHER).
Greg Mannarino: 7-1-2024