KTFA, SRU, Lynette Zang and more Wednesday AM 1-15-2020
KTFA:
Samson: An economic report reveals a frightening number of world debt
19:41 - 13/01/2020
A report issued by the International Finance Institute said today, Monday, that the total debt in the world reached a record level of 253 trillion dollars, representing about 322% of the global GDP, by the end of the third quarter of last year.
The report added that emerging market debt amounted to 72 trillion dollars by the end of last September, representing 223% of the GDP of these countries, while the debts of developed markets reached 180 trillion dollars, which represents 383% compared to the gross domestic product.
The report expected that the global debt will continue to grow during the year 2020, and to reach $ 257 trillion by the end of the first quarter of this year, driven by the debt of the non-financial sector.
The report pointed out that the debts in Finland, Canada and France increased significantly by the end of the third quarter when compared to the third quarter of last year.
In emerging markets, debt has risen dramatically in South Korea and Chile, while Egypt, Turkey and Argentina have declined significantly. LINK
Courtesy of Dinar Guru https://www.dinarguru.com/
Jeff Article "Al-Suri: closing the US Federal Account for Iraq means the country's total collapse" ...this article confirms that the oil revenue account is in the Federal Reserve Bank in New York...the US government has control over Iraq's wealth. There it is right there. Boom...this confirms Iraq's oil money is in the hands of the US government and we control it because of all the corruption they've had over the years...
Frank26 ...the Central Bank of Iraq is opening up 4 accounts with federal banks in the US...in order to expedite the deals done with China. Lord God Almighty how big must these accounts be? Those are 4 big giant platforms being used...these accounts were made for one thing. China deal...Iraq is about to explode big time...
Francis Albert I believe that the way this is structured, and only an opinion...Your Dinar, actual paper, will be presented to a bank who deals in International currencies, and they will exchange Dollars, (digital), to your account. Banks create these dollars on a computer. This is where the bulk of the "money" will come from. All currencies are debt instruments, all of them. And being a debt instrument, banks, and of course the FED that they own, monetize debt instruments...creating digital dollars on a computer and exchanging for the note in question: i.e. mortgage, care loan, credit card, and currencies. These actual notes then, IMO, will end up at US Treasury, via the FED, who takes a cut, of course..and then UST will eventually exchange the Dinar to Iraq until the end of time for oil. And this, IMO, is the process Bush43 was talking about when he says, "iraq will pay for the war..."
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Is Wells Fargo The Deutsche Bank Of The US, Wells Fargo Q4 Huge Miss, Income Cut In Half
Silver Report Uncut: Jan 15, 2020
Wells Fargo just released their Q4 earnings report with a huge miss on expectations.
Not only did their income from interest decline as (the bank would like to keep everyone focused on this issue) Yet their income overall also declined.
I'm sure the $1.5 billion dollar fine didn't help their bottom line.
Which brings us to our next point their profit margin declining very rapidly as well.
The next question becomes is Wells Fargo about to become the Deutsche Bank of the US.
Bi-METAL STANDARD, NATIONAL DEBT PAYOFF Q&A… with Lynette Zang and Eric Griffin
Streamed live 19 hours ago
Question 1. Daniel C: Do You believe a return to sound money will be a Bi-Metal monetary system?
Question 2. Art S: We know that the national debt being paid off is a mathematical impossibility. In your opinion is there a debt to GDP ratio that would put us on sound fiscal footing and in this current environment, is this even possible?
Question 3. Paul F: I read somewhere that participants in the Fed repo program have the option to buy back their collateral but not the legal obligation to do so. If this is true, I wonder how many are just letting “it ride,” which would then just become another route to augment NOT QE? Is this data published?
Question 4. Bull DaagQ: rather than Gold backed, could they go with a Silver backed dollar?
Question 5. Thomas: Will there be sufficient time for gold mining stocks to appreciate before the “reset” to the USD occurs?