More News, Rumors and Opinions Thursday Evening 12-30-2021
KTFA:
MilitiaMan Full Post here: LINK
(Excerpt) MilitiaMan: There are global changes coming.. Iraq is imo a pivotal player and will require an urgency. Just as we just witnessed the Chapter VII lifted, Kuwait paid, combat troops being removed, etc.. Those three and I am sure may other circumstances done, support that we are not awaiting in the seating of an unknown timing to a political event. Time will tell.. imo.. ~ MM
TSM: Well MM you rock imo, I agree with the idea of a RI before the end of 2021. Only have a couple of days left. Wouldn’t that be awesome WOW!!!
All makes sense….EXCEPT this was the same rational that was used thru the last 3/4 of 2021….and never produced any results…we had so many reasons why this could NEVER get to next yr…. and here we are…WHAT was missed…Kuwait final payment…elections completed….maybe they had to keep their rate at the 1460 for 1 yr…. no one has said… and no one knows so we are all guessing and continue to guess…IMO
MilitiaMan:Thank you, but, I don’t’ think for a moment that I am guessing.
MilitiaMan: You may be, but, I am not guessing, I am making studied observations, imo. I and others provide sound data that supports this study’s progression.
Not one of us has a crystal ball and will not ever know the actual time or date. Yet, there are global things that when looked at critically we can see there is a digitatl transformation happening all around the world and in Iraq, that includes their currency,etc..
The study has been a work in progress that is extremely complex and has massive implications to the likes that no one here has ever been fully apprised of. So, calling it, as we are all just guessing is not a good assessment at all, imo.. It very well may be for some, but, that is not my view on it.
The timing of so many things having been done to date, is extremely bullish for this to be about over and a new exchange rate is issued by the CBI.. Lets see what the year end has in store for us..
1) CBI has new digital plat form.
2) CBI has interlinked with 3 E- Government agencies.
3) AYSCUDA – Global Customs system. E-Taxation, customs, fees, etc..
4) Chapter VII form the UN criteria met.
5) Kuwait compensation done.
6) Final accounts for 2021 being sorted where banks are closed, accounts not accepting withdrawals or deposits, no contracts or interest rate changes, etc.
7) Election ratified.
8) BUNA cleared cross border payments.
9) HSBC and Wells Fargo clearing international and foreign currencies digitally.
10) Satellite banks loading software to communicate across borders.
There is much more., imo.. These few items should ring some bells.. lol They do for me.. ~ MM
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Courtesy of Dinar Guru
Walkingsick [via Guru Frank26] Let's say the "glory days". What was it $3.22...what's the "glory days"? The float...so we want to get it up to that level - $3.22. No you don't...That was 18 years ago you should add at least 10% inflation factor in it...let's float it up to $3.86...can we go past $4? yeah...when they reach the REER it has to hit a 2% compliance. They will reach it within 2% during the float. That is the goal.
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THIS IS WHAT THE FED. WILL DO MOVING FORWARD... AND EXPECT INFLATION TO SURGE MUCH HIGHER.
Greg Mannarino: Dec 30, 2021
70% Chance of The Collapse the Global Economy in the Next 6 Months
The Nomad Economist: Premiered 2 hours ago
70% Chance of The Collapse the Global Economy in the Next 6 Months The long-awaited Black Swan is here
We are moving towards an economic Armageddon that will shake the world to its core
A new study says there’s a 70% chance that a recession will occur in the next six months. There’s a 70% chance that a recession will hit in the next six months, according to this new research from the MIT Sloan School of Management and State Street Associates.
The researchers created an index comprised of four factors and then used the Mahalanobis distance — a measure initially used to analyze human skulls — to determine how current market conditions compared to prior recessions.
The global economy is already in the worst distress that we have seen since 2008, and it appears that the global slowdown is actually picking up pace as we have entered 2020.
Banks create money from loans. The markets are high, but debts are even larger. The economy booms on borrowed money until you hit the Minsky Moment. The bankers have loaded our economy up with their debt products, but we’ve seen the Minsky Moment coming.
Our economy is on the edge of the precipice, and the last thing we need is any more problems. The Banks were using stock gains to maintain liquidity, Powell wants to keep those banks afloat, ultimately stocks are just a part of that puzzle.
I am still of the belief; the economy was toast in 2008, the last 11 years as a form of life support, pulling the plug is the decision that’s faced today.
Trillions in debt to squeeze out a miserable 1.8% GDP growth. The juice ain't worth the squeeze.
The US manufacturing weekly Hours index has been plunging since mid 2019 (now at some 40.40). And along comes the coronavirus. China did what everyone else did, but saw that their economy had filled up with the banker’s debt products before it crashed.
China claiming everything is under control is ludicrous. The "official" numbers from China have said that the virus growth rate for the past ten or so days has been linear. At approximately 3 to 4000 cases per day. This has nothing to do with the growth rate of the virus and everything to do with test kit availability and the fact the testing labs are running at maximum capacity.
If it's growing faster than they can test for it - it's out of control. In the last 24 hours, according to the World Health Organization, we had the most cases in a single day. The primary concern is not as much for the dead and dying, as it is for the millions of people not working, not out shopping and not traveling — kind of cold-hearted but true. China is clearly lying about this virus. They'd never shave a few points of their GDP for "the flu."
Four hundred million people are now under lockdown. That's more than the entire population of the US. Lockeded down, people can't produce or consume. Let's say 25% of the 400 million under lockdown are working-age. That's 100 million people not going to work.
China is an export and construction based economy with a mountain of debt. Regional Chinese banks were already collapsing pre-virus.
China is now on the precipice. On top of its domestic problems, China has a big problem with its other largest trade partner. The EU is China's largest trading partner, and China is the EU's second-largest trade partner after the United States.