More News, Rumors and Opinions Friday PM 12-24-2021

December 24, 2021 Dinar Recaps 20

TNT:

Tishwash: Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation

The government has clarified about the fate of the financial deduction percentage that was being paid for Kuwaiti compensation after this file was recently closed after Iraq paid the last payment of it a few days ago.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, told {Euphrates News}: "The percentage of deduction that was allocated to compensation for the Kuwaiti woman will return to the financial budget to enhance revenues."

And regarding the possibility of allocating this percentage to the Generation and Sovereign Funds, Saleh said, “The idea of establishing such funds is usually for small oil countries, where their money is invested outside the country in funds, securities, real estate and bonds to generate financial income for the country.”

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However, he added, "But these projects are for the surplus economy and not for the deficit economy, as in Iraq, which does not have a financial surplus for these funds with a deficit in its budget."

The day before yesterday, Iraq announced the closure of the file of compensation payments to Kuwait, which amounted to 52 billion dollars, more than 30 years after the Saddam regime invaded the neighboring country.

And the Central Bank of Iraq announced last Tuesday, the payment of the last installment of $ 44 million. link

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Courtesy of Dinar Guru

Guru Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: They just announced to us on television the cancellation of any and all deposits or any withdrawals from any of the private banks in Iraq. They said this is gonna start tomorrow. FRANK: Which is today. FIREFLY: ...until Monday. And all banks will be closed here on Sunday. The reason given was for some annual maintenance to pay account interest and do annual reports. FRANK: These reports...are always done in the first quarter of the following year. For them to tell you that they're doing annual maintenance, to pay accounts of interest and do annual reports is impossible because the year's not over with yet. That may be true to a degree but it sure creates a window of opportunity for the monetary reform doesn't it.

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System On Life Support - "It Will Be All Over" | Bill Holter

Liberty and Finance: Dec. 24, 2021

Bill Holter, contributor to JSMineSet, says the financial system is on "life support."

With the Fed withdrawing stimulus, "it will be all over." Holding real money - gold and silver - outside the banking system is imperative.

He details what he is doing to prepare for what he calls a mathematically certain collapse.

0:00 Intro

3:17 Sound money

9:45 Dodd-Frank Act

11:05 Bank closures

13:07 Inflation & debt

16:05 Gold confiscation