More News, Rumors and Opinions Monday Afternoon 7-19-2021
TNT:
Tishwash: BAGHDAD RETAINED PORTION OF 200BN IQD TRANSFER TO REPAY LOAN OWED BY ERBIL: KRG ADVISOR
An economic advisor to Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani said on Sunday (July 18) that Iraq’s federal government transferred 180 billion Iraqi dinars ($123 million) to the Kurdistan Region, not the 200 billion dinars ($137 million) that was announced.
During an appearance on NRT’s Tawtwe interview program, advisor Rebaz Hamlan explained that Baghdad kept 20 billion Iraqi dinars ($13 million) of the expected total and used that to repay a money owed to the Trade Bank of Iraq (TBI) by the KRG
He also clarified that last week’s transfer is not the Region’s budget share, but rather a stipend that Baghdad is paying to Erbil.
Hamlan said that the KRG Council of Ministers will meet after Eid al-Adha, which begins on Tuesday, about public sector salaries and could decide to end or reduce unpopular cuts if the government’s income exceeds 897 billion Iraqi dinars ($615 million) per month.
During 2020, the KRG struggled to pay salaries to its public sector workers, missing five monthly disbursements entirely and cutting four others by nearly a quarter. Government employees have had their pay cut by twenty-one percent each month so far this year.
The salary cuts have had a significant effect on the economy of the Kurdistan Region because of the KRG’s role as the Region’s most important employer.
Average household employment income has fallen by a third in the Region since March 2020, according to UN agencies. link
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Courtesy of Dinar Guru
Frank26 In history no redenomination has ever been kept a secret. If so then it would have failed. Why do you think it's so important for the international world to know the things that you are suspecting and smelling and saying what's going on? You know what's going on. You just can't spring the monetary reform on the citizens of Iraq. No. Education is the process now. And what they are teaching them about is...the new exchange rate and the new small category notes. They're making it very clear to the citizens of Iraq that they're changing the rate. That they're changing their currency...everybody is against the wall. We're only waiting for the CBI to give us a date...
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KTFA:
Samson: Al-Kazemi talks about Iran's debts
The Iraqi Prime Minister, Mustafa Al-Kazemi announced, on Sunday, the existence of a mechanism to pay the debts owed by Iraq in favor of Iran, while confirming that the completion percentage reached 85% in the file of the electrical connection with the Gulf countries.
The Prime Minister indicated that the Iraqi government "found a mechanism for the Iranian debt file," noting that "political corruption spoiled the process of providing services to citizens, and that the country's exposure to security and economic collapse was the reason behind accepting the prime minister's job."
Prime Minister Mustafa Al-Kazemi in a televised interview:
Al-Kazemi: We found a mechanism for scheduling Iranian debts
Al-Kazemi: We have to believe in the future, change reality in the elections... LINK
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Ross: Interesting choice of words...I wonder what that mechanism could be ??
After months of delays due to controversial clauses that almost led to political conflicts, Parliament passed the budget law for the current year, a law that most of its clauses are still suspended awaiting activation for implementation, for reasons that are still unknown.
(Maybe needs some mechanism to activate?)
Wells Fargo Freezing Credit Signals Real DANGER Ahead | What's Really At Stake
I Love Prosperity: Jul 19, 2021
A lot of people are talking about Wells Fargo freezing credit. But let's put this whole thing into perspective, and tie it back into the whole big picture. So, In this video we talk to my personal gold and silver dealer, Mark.
I bought the majority of my bullion from Mark, and we've had many fantastic and interesting conversations about the Wells Fargo Freezing Credit, the Bank of International Settlements, currency reset, gold, silver, precious metals, and what the future looks like.
Mark breaks down his views on Gold and Silver being unobtainable shortly, and how this will impact ordinary people, what the currency reset will look like, the devaluation of the US dollar, and much more...
Bill Holter: Credit Market Implosion In 72 Hours! We're At The End Game.
As Good as Gold Australia: July 17, 2021
In this absorbing interview, Brian and Darryl Panes from As Good As Gold Australia, interview precious metals and financial icon, Bill Holter from JSMineset.com
Bill discusses the potential ramifications attached to Wells Fargo's decision to suspend credit lines to existing clients. Is the credit bubble popping and what if the banking sector at large follows suit?
It's the end game, a 72 hour credit market implosion. Are we heading into a deflationary or inflationary economy, or are we about to experience both?
What can we expect from gold and silver? We have unprecedented demand from both industrial and commercial sources.
Solar energy and electric car manufacturers will demand half the world's annual silver production - this is new to the industry. What impact do you think this will have on silver prices?
Bill's advice.... get it while you can. You have been warned.