KTFA, Frank, Pimpy and more Saturday PM 5-23-2020
KTFA:
Zeeman: can someone explain to me why is iraq borrowing from the gulf coast and 3 other banks to pay salaries when all they have to do is revalue their currency and they will be st. thanks
Ross: MO it would be foolish financially to announce a RV prior to the reality...to the best of my knowledge most countries have gone to extreme measures to obfuscate the announcement...just remember what Kuwait did. So I still have hope that they will do the obvious this time...with all we have learned from Frank and the teams, with a new PM and with our Pres we should feel fairly confident something is about to pop. IMOO
JJimmyJJ: I don't know that this is the plan, but if you are about to change your exchange rate, you might borrow money for a couple of reasons:
1. Debt becomes cheap. Meaning, if I borrow $1m US and then change my exchange rate, the amount of dinars it cost to borrow that $1m US just went down at least three decimal places; so instead of 1B dinar, it only cost them ~1m dinar.
2. Borrowing money can be a way to do another country a favor. For example, if Iraq owes Kuwait a favor or two, Iraq could agree to borrow 1M in Kuwaiti Dinar for 1B Iraqi Dinar. Iraq then changes their exchange rate, and Kuwait just made a lot of money as that iraqi dinar is now worth ~1B US$.
Samson: Its consultant: The government borrowed three trillion dinars to secure the salaries of this month
23rd May, 2020
Today, Saturday, the economic advisor to the Iraqi government revealed that the latter resorted to borrowing three trillion dinars to secure employee salaries for the month of May.
Mazhar Muhammad Salih told Shafaq News, "The actual expenditures of the Iraqi government are more than seven trillion dinars per month, of which five trillion and 500 billion dinars are salaries for state employees, retirees and beneficiaries of social protection."
He added that "the financial liquidity and oil revenues and others do not pay the salaries and do not meet their insurance," stressing that "the government borrowed 3 trillion dinars from government banks to secure the salaries of this month."
The adviser to the Iraqi government, that "the financial benefit of the loans was five percent annually."
On May 19, the Iraqi Prime Minister, Mustafa Al-Kazemi, directed the release of the employees’ salaries for the month of May, and confirmed that the salary will be complete without deduction.
Referred to the federal budget in Iraq depends mainly on the export of oil, but because of the fears of the Corona virus, global oil prices tumbled towards $ 32 a barrel, causing a large financial deficit in the budget amid fears of the government's ability to secure employee salaries LINK
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Courtesy of Dinar Guru https://www.dinarguru.com/
Footforward [...question about the executive order that Trump extended...what effect does it have on the RV in your opinion] none. It's neutral. If anything it makes things easier for us.
Breitling ...economies are just not gonna turn on overnight and the next thing you know the demand for energy is going to go up. The energy based on covid -19 is gonna be where it's at for a while. And the policy is going to keep it [oil] at between $26 and $31. It's not going to change for Iraq overnight. They need to add value to their currency. They're stuck and broke. Whether they get into the western markets or not they need to add value to their currency...there's simply no where for them to go...
Frank26 ...the CBI's got a lot of little, we call them satellite banks. They're private banks. They're going to be in the United States of America. If you want to go into one of these banks in the United States and take your dinars and exchange, you can. Maybe you just want to leave as dinars in these banks in the United State...they are about to open a piñata of banks and put the CBI banks all around this planet Earth...the key thing is they had to start in the United States of America first. Why? Who do you think is launching all of this? I call him 'daddy'. 'Play fair with our currency. Stop abusing it. Lessen the usage of my dollar', says Trump. 'Raise your own currency value. Back it up yourself. Go through the process of legalities to be able to be international.'
Iraqi Dinar News 05/23/20
Pimpy’s Investment chat: May 23, 2020
NESARA GESARA - Summary (Truth vs Fiction)
Pimpy’s Investment chat: May 23, 2020
How to pay for NESARA / GESARA https://www.youtube.com/watch?v=XaLVsfLUyRI
NESARA PART 6 https://www.youtube.com/watch?v=CwJFGYvEO1A
Nesara Part 5 https://www.youtube.com/watch?v=-SQQ4MulJ28
Nesara Part Four https://www.youtube.com/watch?v=KIGQJ-LHw7I
Nesara Part Three https://www.youtube.com/watch?v=yw8ndr6y8oQ&t=291s
Nesara Part Two https://www.youtube.com/watch?v=I0pZ0HfyZa8
Nesara Part one https://www.youtube.com/watch?v=CfHwcF79QpQ