More News, Rumors and Opinions Saturday Night 4-9-2022
TNT:
Yada: Reading the article regarding the definition of "caretaker government" and "emergency government" being one in the same, their constitution outlines that they can move forward with managing government affairs until they schedule another election. This means they have the means to release the rate and that I what I'm expecting.
Doc: Yada they do but do they have the will to change. They have been fiddling with the 22 budget for a yesr. I sure hope they finally decide to be a real legit country.
Yada: Oh, there is a strong desire now. Especially since the US changed policies of buying oil from Russia to requesting Iraq to pump more. Since there is a stall with the Iranian Nuclear deal, being Iran cant keep their noses clean, they have Iraq ready to go,,just have to sweeten the pot by RI their currency.
Skinman: That sounds amazing, when do you think it might happen?
Yada: Now is the time skinman,,,look at how Maliki was removed from the equation. He had opportunity but swayed the weak minded to stop the process of a new government. Now, the Third will have to watch from the sidelines and watch the one they didn't want as President and PM still dictate. Kadzimi has the arrest warrants I would imagine some of those on the list are part of the Third.
Skinman: I’ve been in this a long time I try not to get excited but it’s kind of hard not to, I felt it had to happen soon
Yada: Sad we were manipulated in waiting this long ….but each attempt to stop the process has come to the end of the list.
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Tishwash: Iraq: $20bn foreign debts, $48bn internal debts
The Iraqi government reiterated on Friday that it owes $20 billion in foreign debts and $48 billion in internal debts, Jordanian news agency Petra reported.
Mazhar Mohammed Saleh, advisor for financial affairs to the Iraqi prime minister, said that 67 per cent of the internal debts ($48 billion) is currently deposited in the Central Bank, pointing out a plan to repay the debts in three years.
Iraq relies on oil to fund 95 per cent of its 2021 national budget and plans to increase oil exports to 3.4 million barrels per day in the first quarter of 2022.
Saleh also indicated that the current oil prices, hiked following the Russian war in Ukraine, would help repay the internal and external debts. link
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KTFA
Clare: Parliamentary Investment: We will monitor the process of pumping currency into the market
05:53 - 09/04/2022
a member of the Parliamentary Economy and Investment Committee, Muhammad Al-Ziyadi, confirmed that the parliamentary committees will anticipate the Ministry of Finance's action to pump the currency into the market.
Al-Ziyadi said in an interview with "Mawazine News" that "during our question to the Minister of Finance, we tried hard to find a solution to the issue of the delay in approving the budget, but the Finance's response to the Food Security Law contained many problems."
He added, "The government must cover the street with a certain liquidity, regardless of the arguments, and there will be strong oversight from the House of Representatives in this regard." LINK
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Courtesy of Dinar Guru
BGG So why, exactly, do things not look good for us? [Asked rhetorically?] 1) Never in the history of this investment has there been as much open conversation about their currency value and monetary policy as there has been for the last six months (or year). 2) Iraq has a caretaker government in place – there is no crisis. 3) Their recent elections show a distinct bias towards removing corruption – they want refo
rms, BIG TIME. [Post 1 of 2....stay tuned]
BGG 4) Maliki is as close as he as ever been to having his crooked influence jerked up by the roots and removed – entirely. 5) If anyone doubts Sadr’s resolve and true intentions regarding “reforms” – He’s had nearly a decade on the sidelines to “stew on it” (where Maliki’s crooked dealings put him in the first place). If true reforms are what we are after – why is any of this bad for this investment? [Post 2 of 2]
CRITICAL PATTERN SHIFT ALERT: Is This Another Indicator of a Recession?...by Lynette Zang
4-8-2022
Have you been paying attention? Headlines are showing us how food and gas prices are inflating. Not only that, but we also have food shortages rising rather quickly.
We’ve seen this happen before, and as history tells us —— it doesn’t lead to anything good. I've been showing you a lot of pattern shifts, like yield curve, inversions that anticipate a future recession.
This is gonna be way bigger than a future recession. And I'm gonna show you a pattern shift today that is likely the most important pattern shift. and one of the reasons why I'm telling you this is much bigger.
"This upcoming recession is much bigger than a recession. You need to take heed on this."
0:00 Video Overview
0:40 Introduction
1:49 Food Shortages Uprising
4:55 The Apocalyptic Pattern
7:50 Beginning Stages of Hyperinflation
9:35 Get Prepared While You Still Can
11:37 Outro