More News, Rumors and Opinions Saturday Night 6-3-2023
TNT:
Tishwash: The Iraqi Central Bank: A number of ministries have started entering the electronic payment project
The Central Bank of Iraq confirmed, on Saturday, that great efforts have been made to accelerate the use and circulation of electronic payment.
The Deputy Governor of the Central Bank, Ammar Khalaf, said in a press statement, followed by "Al-Mutalaa", that "there are great efforts by the Central Bank, in cooperation with banks and electronic payment companies, to accelerate the use of electronic payment tools in the Iraqi economy."
Khalaf added, "There are ministries that have started, now and gradually, to enter into the electronic payment project," noting that "the project needs systems before launching the electronic collection or collection process, and there is a need for proactive arrangements of electronic systems and infrastructure."
He pointed out that "there are a lot of contracts made by collection institutions, especially governmental ones, to adopt electronic payment in financial transactions," adding, "We believe that by the end of this year, there will be a noticeable change and increase in the number of payment devices and the willingness of citizens to use them. We also have Instructions that guarantee the rights and obligations of all parties involved in the matter of electronic payment.
On the first of June, the electronic payment process was launched in government institutions and the private sector. link
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Tishwash: Before the OPEC meeting.. Iraq meets with three countries in Vienna
Saudi Energy Minister Prince Abdulaziz bin Salman met in Vienna with his counterparts from the UAE, Kuwait and Iraq, prior to the meeting of the Organization of Petroleum Exporting Countries (OPEC).
A Tass correspondent stated that the Saudi minister is staying at the Park Hyatt Hotel in the Austrian capital.
UAE Energy Minister Suhail Al Mazrouei, Iraqi Oil Minister Hayan Abdul Ghani, Kuwaiti Oil Minister Badr Al Mulla and Algerian Energy Minister Mohamed Arkab arrived there this morning, ahead of the OPEC meeting scheduled for 13:00 Moscow time.
The OPEC meeting that takes place every six months has not started yet. It was postponed pending the Saudi and Emirati energy ministers. As for the rest of the ministers of the member states of the Organization, they arrived at the OPEC Secretariat building.
This meeting takes place on the eve of the OPEC+ ministerial meeting, which will also be held in the personal presence of ministers in Vienna.
A source in one of the delegations told the "Tass" correspondent that OPEC + countries are studying various options for action on oil production standards at the June 4 meeting, including production cuts. link
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Courtesy of Dinar Guru
Militia Man The convergence coming up this weekend is phenomenal. It's fascinating. Just know the...POS activated, implemented, launched. They're using all those words so be excited. It's looking good...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Prime Minister Sudani gave a television speech and they're re-running it over and over again...it's about him saying that's it's Iraq's government responsibility to provide a safe environment opportunity for our reforms. He went on to say Iraq is a safe place to invest in. He's talking to all the companies across the world that are coming in here to invest...The speech was about 90 minutes long...it is part of the monetary reform education. FRANK: International in preparation of your national native currency to leave your borders on a float and gain more value. That's what they're teaching you. That is the monetary reform. That is why they repeat it over and over to you.
Restructuring the Debt Beats Inflating It Away - Ep 898
Peter Schiff: 6-3-2023
Banks, Hedge Funds, & Insurance Will FAIL | Bob Moriarty
Liberty and Finance: 6-3-2023
The IMF announced the Federal Reserve will need to keep interest rates high for longer to cool inflation.
High interest rates are putting serious strains on the system, says Bob Moriarty, marine, naval aviator, and financial author.
He believes more banks, in addition to hedge funds and insurance companies, will fail due to these stains. We're headed towards a crisis worse than the Great Depression, he says.
INTERVIEW TIMELINE:
0:00 Intro
2:04 Interest rates
4:10 Insurance companies
6:18 How bad will it get?
10:59 US debt 12:12 Japan's debt
14:14 US dollar vs BRICS
Gold depository
24:00 Silver during recession