More News, Rumors and Opinions Saturday PM 8-14-2021
KTFA:
Frank26: KTFA FAMILY ............. EDDIE'S BANK FRIEND SAID ......... IT HAS STARTED ............... OUR KEY WORDS FROM KAZEMI TELL YOU IT HAS STARTED ................ THEN !!!!!!!!!!!!!!! ............TODAY THE ONES IN CHARGE TELL YOU EXACTLY WHAT WE TOLD YOU THEY WOULD SAY ................................ KONA ... WELCOME TO THE MASSIVE PHENOMINAL CAMPAIGN OF THE EDUCATION OF THE MR TO THE CITIZENS OF IRAQ ...................WHY "NOW?" ........................... BECAUSE THE WORLD OF ARTICLE 8 .......................KNOWS THE TRUTH OF THE TRUE VALUE OF THE IRAQI DINAR !!!!!!!!!!!!!!!!!!!!!!!!! A POWERFUL ..............." RELEASE " ................................................................. SMILE PRAISE GOD...F26
The price of the dollar raises inflation rates to 8 percent..and planning: does not raise fears
14th August, 2021
The Ministry of Planning announced, Saturday, August 14, 2021, the reasons for the high rate of inflation in the country, revealing its natural limits.
Ministry spokesman Abdul-Zahra Al-Hindawi said in a statement to "The Obelisk" that inflation rates are rising in all countries and varying between one country and another, subject to the development reality of countries.
He added that in Iraq, after the change in the exchange rate of the dollar, inflation rates increased more than it was before the change in the exchange rate, noting that the rates began to witness stability during the recent period and there is a cumulative rise between half to 1 percent.
He went on to say that the inflation rate rose to 8%, which is an average for a country like Iraq that is living in these conditions that are not alarming. He pointed out that if the rate rises to 10 or 12 percent, it is within the natural rates of rising inflation and is not unbridled, but is called a controlled natural rise that does not raise fears.
A group of unions and federations had announced earlier, the launch of a national campaign to support the national currency and the economy and increase the citizen's confidence in the Iraqi dinar.
Six unions said in a statement received by Al-Masala, in which it announced the launch of a national campaign sponsored by the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy. A large segment of Iraqi society.
This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen’s confidence in it, for the contribution of all sectors to maintaining the exchange rate and keeping inflation at low rates, and reducing poverty and unemployment rates through the entry of Iraqi and foreign investors to work inside the country, which will lead to Increasing the services provided to citizens and this is fully reflected positively on the economy.
Poverty indicators in the country increased to 27 percent due to the increase in price hikes, according to the Ministry of Planning.
The prices of goods, especially foodstuffs, rose due to the high exchange rate of the dollar. LINK
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Courtesy of Dinar Guru
Frank26 [Iraqi Boots-on-the-ground Firefly TV report] FIREFLY - The Finance Minister is being interviewed today and he's saying that it's time for Iraq to show the real value of their currency and he's saying Iraq has reached financial stability...and Iraq needs to show their real value to once again be a leader in the Arab world... FRANK - Wow!... Linchpin. FIREFLY - This is a 20-minute interview and they keep replaying...over to us all day. FRANK26 - Wow...everyday they're telling you more and more and admitting more and more because they know what the CBI is about to tell you the citizens of Iraq and then Kazemi will take that new exchange rate and explode your economic reform... [post 1 of 2....stay tuned]
Frank26 [Iraqi Boots-on-the-ground Firefly TV report Cont.] FRANK26 - It's not that it's getting closer...it's that it's already here and it's just being introduced to you...notice that they tell you something about the currency exchange rate...and then they repeat it over and over gain and then they tell you more and they repeat it over and over again. Do you understand the pattern...? FIREFLY - He also said Iraq is missing out on billions by not having their true value exposed to the international world. FRANK26 - You are now in the reinstatement...it is now being revealed. It is now being introduced...they now are ready to reveal to you the new dimension of the CBI's mathematics of your currency. [post 2 of 3....stay tuned]
Frank26 [Iraqi Boots-on-the-ground Firefly TV report cont.] FRANK26 - This has to be the best youbetubee I think I've done. I'm so happy about what I'm sharing with you because it's what we told you that would come about...you have security and stability and that is the exact thing that Dr. Shabibi wanted for both of your reforms...politicians are ugly. They're selfish. This is their trademark but right now it's an advantage to you Iraqi citizens because they're admitting to you...that a change is going to happen to your currency and your exchange rate...they gave us a hard time denying it and now they're supporting it. [post 3 of 3]
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TNT:
Tishwash: Jordan announces the return of shipping to Iraq on a round-to-door system
The head of the Jordan and Amman Chambers of Industry, Engineer Fathi Al-Jaghbir, announced, on Saturday, the return of shipping to Iraq under the "round to role" system, that is, without an exchange between the two limits, starting on the 22nd of this month.
Said Jaghbir in circulating distributed today, the industrial sector rooms, " The Minister of the Interior decided to allow the ship to Iraq regime" role to the role "as of August 22 , the current, while allowing those who wish to continue to export a way that " buck to buck. "
He pointed out that The decision came based on the intensive follow-up of the Chambers of Industry and their continuous demands to allow shipment to Iraq in a “round to round” way.
He stressed that "the decision will reduce shipping costs to Iraq and enhance the competitiveness of Jordanian products in the Iraqi market, expressing his hope that it will reflect positively on Jordanian exports."
For his part, the head of the Syndicate of Owners of Clearance and Cargo Transport Companies, Dhaifallah Abu Aqoula, explained that "the decision that allows Jordanian trucks to enter directly into Iraqi territory, and the same for Iraqi trucks to enter the territory of the Kingdom, will reflect positively on the overall transportation system, the freight fleet and exports."
Abu Aqoula said in a statement to the Jordan News Agency (Petra), that "the decision will reduce the time periods for the merchant and industrialist, and speed up the process of arrival of Jordanian goods to the Iraqi market, in addition to revitalizing the truck sector and accelerating the flow of goods passing through the transit route." link
Once Fed ‘goes to war’ against inflation, stocks will get ‘annihilated’, crash 50% - Michael Gentile
Kitco News: Aug 13, 2021
This is part 1 of 2 of the full interview.
Michael's earlier appearance on Kitco: https://youtu.be/O8JFFK71PCc
The U.S. Federal Reserve is "trapped", says Michael Gentile, strategic investor. Gentile told David Lin, anchor for Kitco News, that two scenarios could play out: either the Fed raises rates by 25 basis points next year to regain confidence in the markets, or they let inflation run hot and do nothing.
Neither of these scenarios will be enough to contain inflation.
In order to really "go to war" against inflation, the Fed will need to raise rates to at least 3%, which would cause stocks to crash by the order of 50%.
Even a 25 basis point raise would trigger a 10-20% correction, Gentile said.