More News, Rumors and Opinions Sunday Afternoon 10-13-2024
MikeCristo8: Profound Changes Coming on October 22nd
10-12-2024
What macro investors don’t understand about the fiat currency collapse.
Is there will be no price discovery between the fiat dollar and a financial asset (stocks-bonds).
What I mean by the collapse of the dollar is you will go to the bank to make a “dollar” transaction and the bank will tell you we will no longer take your dollars.
Then what?
It is likely that BIG American banks will hold the BRICS unit as part of their foreign currency reserves.
You got the U.S. Treasury shadow bank that will see $100 trillion in foreign dollar reserves that is unwinding now.
These are dollar for oil reserves unwinding.
https://twitter.com/Barchart/status/1844901392512844113
No one understands the profound changes coming on Oct 22nd with the new BRICS global monetary order.
For the sake of humanity itself, The world is ready and must leave the United States and the dollar.
With Turkey and Iran for sure getting admitted into BRICS.
About 70% of the worlds population will be in BRICS.
All the nay sayers have a stake in the dollar not collapsing.
Too bad for them.
Source(s):
https://x.com/MikeCristo8/status/1844910377961964002
https://x.com/MikeCristo8/status/1844914287854354661
https://x.com/MikeCristo8/status/1845152736310067388
https://x.com/MikeCristo8/status/1845208747012129087
https://dinarchronicles.com/2024/10/12/mikecristo8-profound-changes-coming-on-october-22nd/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "The Minister of Finance stresses the need to adhere to the timetables to achieve economic reforms" This cooperation...goes far beyond Iraqs borders...The World Bank, the IMF, the Bank of International Settlements, the WTO, United States Treasury, etc....all have reached agreements with respect to Iraqs reforms and sustainability towards economic growth...It shows the aforementioned entities...know what Iraq's reforms will mean to the world and the impacts it will likely bring to many nations of the world! ...They are now openly making sure they are on record in saying so..
Frank26 Question: "The exchange rate change should be the next step before the lower notes and everything else right?" The next step is to introduce the lower notes and the new exchange rate yes. But in that process it's a chain of events - Picture a room with 100 mouse traps...if you throw one ping pong ball in that room...one mouse trap will cause a chain reaction...to fire off. That is what's going to happen when you have the new exchange rate introduced to the world...
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TNT:
Tishwash: Parliamentary Finance: Non-oil budget revenues will reach 30 trillion dinars next year
The Parliamentary Finance Committee expected, on Sunday, that non-oil revenues in the 2025 budget would reach 30 trillion dinars, represented by electricity collection, taxes, and revenues from the Baghdad Municipality and all municipal departments.
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency, "The Parliamentary Finance Committee held a meeting today, in which it hosted the Minister of Finance, Taif Sami, the heads of the tax and customs authorities, and the general managers of the Ministry of Finance, to discuss the general budget law and oil and non-oil financial revenues."
He added, "Oil revenues are settled, but as for non-oil revenues, it has been emphasized that government departments should be activated, including electricity in the field of collection, the Baghdad Municipality, and other municipal departments, in addition to the services provided to tax committees, border crossing revenues, customs, and others that would increase non-oil revenues."
He explained that "the activation of non-oil revenues was mentioned in the government program but was not implemented. What is expected in 2025 is that oil revenues will be 120 trillion dinars, while non-oil revenues will be 30 trillion dinars, which includes customs revenues, taxes, electricity collection, and services provided by the government." link
Iraq: Let's Talk Iraqi Stock Market & Your IQD Investment
Edu Matrix: 10-13-2024
Iraq: Let's Talk Iraqi Stock Market & Your IQD Investment—This is one way we may get a return on our investment with or without an RV.
Iraq is putting $3 billion into the Iraqi Stock Exchange, which will be tied to NASDAQ. We hope that we will be able to invest in Iraqi stock using a financial advisor.