KTFA, Pimpy, Lynette Zang and more Wednesday Afternoon 3-10-2021
KTFA:
RE: Tuesday Night KTFA CC 3-9-2021
DCDriver: Great call tonight!! The only thing confusing to me is whether or not our 3 zero notes will have a time frame until they are null and void? I realize there will be a timeframe in country but it wasn’t clear to me out of country. If anyone can shed light in that it would be appreciated.
Clare: IT HAS BEEN STATED BEFORE THAT IT COULD BE UP TO 1O YEARS- THE CBI HAS TO GIVE NOTICE TO MAKE A NOTE NULL AND VOID AND THAT WOULD BE ON THE CBI WEBSITE AS WELL. IMO
Harvestor: WOWser tonight. Thank you Frank and Walkingstick. Only one thing I did not get clear. Could have been just me not comprehending like I should. When they go 1 2 1 in country, did I hear correctly that we investors will be able to exchange our dinars out of country?
Clare: WHEN THEY GO 1-1 IT WILL BE INTERNATIONAL- YES, YOU WILL BE ABLE TO EXCHANGE imo
Ross: Next Monday is the 15th...the IMF announces rate changes on the 15th & EOM. Thing that make me go Hmm …. Next Sunday IMOO could be interesting.
Samson: Global gold: America first and Iraq in 38th place in the largest reserves of the precious metal
10th March, 2021
The World Gold Council announced, on Wednesday, that the United States of America ranks first and Iraq in 38th place, with the largest reserves in the world of the precious yellow metal.
The council said in its latest schedule for the month of March of 2021, which was seen by Shafaq News Agency, that "the possession of central banks of the 100 countries listed in the table amounted to 35,244 thousand tons," indicating that "the United States of America ranked first in the largest gold reserves it possesses at 8,133 thousand Tons, followed by Germany, with an amount of 3,362 thousand tons, then comes the International Monetary Fund, with an amount of 2,814 thousand tons, and Italy comes fourth with an amount of 2,451 thousand tons, while Yemen comes to the top with 1.6 tons, followed by Haiti with 1.8 tons.
He added, "Iraq still maintains the 38th position in the world and the fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10% of the rest of the other reserves," noting that "the last purchase of gold by Iraq was in September 2020, with an amount of 0.1 tons." He pointed out that "the most prominent buyers of gold during this month are Uzbekistan, by 8.1 tons, and Kazakhstan, by 2.8 tons, while the main sellers were Turkey, by 17.2 tons, and Russia, by 3.1 tons."
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world. LINK
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Samson: An economist calls for a speedy end to the disputes and preparation for the international turnout
18:25 - 09/03/2021
On Tuesday, a researcher in economic affairs, Yahya Al-Haddad, called on the political forces to resolve differences, end conflicts over gains, and move towards urgent elections in preparation for the international turnout on Iraq.
Al-Haddad said, in a statement to the information agency, that “the Pope’s visit to the holy city of Najaf in particular is a recognition of the great role that the reference plays in the security and political axis,” indicating that “it is a victory for the humanitarian role of the Shiite authority in Iraq in particular and the Arab world over Public face”. He noted that "Iraq, after this historic visit of Pope Francis, needs to be fully prepared and open new horizons of political orientations as it is on a new date of international interaction with Iraq in all files, especially the economic file."
He explained, "The political forces must settle their accounts and put the interest of Iraq above all considerations, because the next stage will witness a boom for investments in Iraq, and this process needs political security before considering any step, which depends on the size of the responsibility that the leaders of Iraq bear at this stage."
And he stated, “It is necessary to end all of the early elections and to speed up their conduct because they are a dangerous weapon that threatens every investment process in Iraq,” explaining that “the large investments of countries in Iraq do not look at public interests as much as they are concerned with the security of the region in which they operate and the extent of the decision’s ability Politician to tame that security.
He pointed out that "Iraq is fertile land, and the visit of the Pope, as the biggest leader of the Christian community, stimulated international business companies and began to talk in the media about large investments that will be presented to the new Iraqi government." LINK
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Courtesy of Dinar Guru
Jeff Article: "Al-Kazemi: We have succeeded in crossing the economic crisis and an international readiness to support Iraq in reform" Remember these reforms can only be launched and implemented after Iraq has changed their rate. That's why since last year they're still talking about reforms...anything that costs money within the reforms can only be launched and implemented after the rate change...That's why the bulk of the reform is still pending and outstanding because it's waiting on the rate change. That level of reforms requires Iraq's currency to be internationally recognized...
Pimpy Article: "Al-Halbousi directs to include the budget bill next Monday" I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you're going to see shortly after that the budget go ahead and passed. Something about the presence of the pope changed people's views on things and they decided to start cooperating which is very good...
Iraqi Dinar News for 03/10/21
Pimpy’s Investment Chat:
https://www.youtube.com/watch?v=Icvp-i7kP7Ahttps://www.youtube.com/watch?v=Icvp-i7kP7A
GOLD, INFLATION & VENEZUELA…Q&A WITH LYNETTE ZANG
Streamed live 57 minutes ago
Question 1: Venezuela started by printing massive amounts of stimulus and injecting it into the economy. That devalued their currency to the point inflation began and it has not stopped yet. Prices rose to unheard of levels until today their currency in trashed. It now takes over 1 million bolivars to buy a cup of coffee. Are we on the same path?
Question 2: We are very close to retirement. Do you think it may be prudent to pay off all our debt now, rather than risk losing our cash by keeping it in the bank?
Question 3: If we go digital, why would the Fed want to back it with gold? It seems to me that they are trying to get away from Gold all together.
Question 4: Will the US currency ever again be as good as GOLD?
Question 5: When the reset happens, and we have gone digital, what will happen to all the coinage? Will they have to be turned in like the paper? Or will it become the new black-market currency?