More News, Rumors and Opinions Saturday Evening 4-3-2021
TNT:
TKing: The budget ,,, passed, has to be signed,,, has to be published in gazette,,, then , then , then we wait for the CBI to do a rate change, then it is what we are and have been waiting for
Beethovin: 4 days until the Wednesday edition....
RVAlready: US banks are closed until Tuesday. Not much can occur for us until then… Sorry, Monday is a UK bank holiday
MRiles: I believe we will be going to the bank by Tuesday
Vinterv: WE WAIT FOR THE 800'S!!!!!
Shybaby: Central Bank Governor: Iraq continues to implement its reform plans towards fiscal and monetary policy
April 1, 2021Industry
Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, confirmed that Iraq is continuing to implement its reform plans regarding fiscal and monetary policy.
A statement by the bank’s media stated that, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, a representative of Iraq participated in the spring meetings of the International Monetary Fund and confirmed during his speech at the meeting that Iraq is continuing with the implementation of its reform plans towards fiscal and monetary policy.
He said that the Corona pandemic was and still is one of the obstacles facing the Iraqi economy, despite the proactive measures that the central bank or the government worked on.”
The Governor affirmed that the country is keen on international and regional openness in a way that serves Iraq’s economic and financial interests.
Source: National Iraqi News Agency
https://www.iraqnewsgazette.com/
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KTFA:
The Snod: Awesome news last couple of days. Just incredible. My mind is still reeling from the fact the budget will be in Dinars now. Don’t forget, the rate may be in a rider. None of this has happened fast enough for any of us, but the evaluations on this are still tracking.
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Courtsey of Dinar Guru
Mike Cottrell ...I do believe we are very, very close…whether it is this weekend, next weekend or next month…I have no idea. I know they are running out of time if they want to get their books straight. I was told they are trying day to day to get this done…
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The Atlantis Report
$3T Infrastructure Bill Spending Spree - Double Digit Inflation,Unemployment & Interest Rates Coming
April3, 2021
$3T Infrastructure Bill Spending Spree -- Double Digit Inflation,Unemployment, and Interest Rates Coming The FED is printing like there is no tomorrow ,because for them there is no tomorrow.
Who cares about the long-term viability of the country !. Spend as fast as you can ,is how the government is running things. They are using the next cycles stimulus to pay for the interest in the last few stimuli. We'll still pay for it because they'll just divvy it out to special interests now.
Additional debt will prolong the bleed. This show is coming to its ugly end.
Over the past 13 months of this miracle money-printing show, the Fed has added $3.5 trillion in assets to its balance sheet. Bringing its total assets to a record of $7.69 trillion.
And just when you think it couldn't get worse. Together with the $1.9 trillion COVID packages just passed by Congress last month. The White House unveiled a $2.25 trillion infrastructure package. And there is a 10 trillion dollar Green New Deal being put together in congress right behind the 3 trillion infrastructure package.
$650 billion to rebuild US infrastructure. $400 billion to care for the elderly and disabled. $300 billion for housing infrastructure. $300 billion to revive US manufacturing.
Without highways, there will be NO deliveries. No food, No spare parts. No booze. No meds. No heating oil. Get it NOW while you can ;because tomorrow you can't.
It can definitely get worse. Next up is 50% income tax rates. We're the new kulaks, and our property will be confiscated through taxes and currency debasement. An alternate crypto-based economy will develop in response. Be prepared. I'm amazed at how we can throw trillions of dollars around and say it's not enough.
Simple. Fire up the printing presses and warm up the helicopters. Stagflation here we come!
For the full transcript go to https://financearmageddon.blogspot.com