More News, Rumors and Opinions Tuesday Afternoon 1-10-2023
TNT:
Tishwash: The framework calls for urgent action regarding "Iraq's financial reserves" in America... 3 weaknesses
The leader in the coordination framework, Jabbar Odeh, called, on Tuesday, for urgent action regarding Iraq's financial reserves in America.
In an interview with Al-Maalouma, Odeh said, "Washington controls Iraq's financial reserves in different ways, and it is currently putting pressure on the currency markets and was a direct cause of the dollar's exchange rate rising to more than 160,000 dinars per hundred dollars .”
He added, "The time has come for urgent action regarding Iraq's financial reserves in America by ensuring that they are transferred to banks of other countries that are safer and prevent any interference in the country's financial policy," noting that "the survival of the reserves In Washington, it carries with it 3 weaknesses, the most prominent of which is the possibility of Acquisition of it, and this is possible, in addition to creating problems with liquidity, and this is what is happening now, in addition to it representing a tool that robs the country of economic independence and gives Washington more cards that support its agenda in Baghdad.
He pointed out that "the situation of the economy in America is critical, and its entry into a period of severe recession is possible at any moment, which makes these precautions in the crossfire, which calls for urgent positions to secure these precautions and prevent any violation of them under any pretext.
Iraq has large financial reserves in US banks for many years, in addition to treasury bonds estimated at billions of dollars on the basis of investment. link
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Tishwash: It's like an emergency." Deputy: The first parliament session will be for the dollar rate
A member of the House of Representatives, Baqir Kazem, confirmed, on Tuesday, that the next parliament session will be on Saturday after the end of the legislative recess, while he indicated that it will be related to discussing the high price of the dollar.
Kazem said, in an interview with Al-Maalouma, that "the next session will be for discussing and finding solutions to the crisis of the dollar's high exchange rate," noting that "Parliament will submit a report and proposals to the Ministry of Finance in order to study the issue of dollar exchange.”
And he continued, "The work of the parliamentary committees in the previous period was devoted to finding solutions and proposals in order to work to reduce the exchange rate of the dollar after the speculation it is witnessing," noting that "next Saturday will be the first session of the second legislative term.”
He noted that "the next session is tantamount to an emergency solution to the dollar exchange rate crisis, and all aspects that will contribute to preserving the value of the Iraqi dinar will be studied."
Today, the exchange rates of the US dollar against the Iraqi dinar recorded a new record on the main stock exchange in the capital, Baghdad, as the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad reached 160,300 Iraqi dinars for 100 US dollars . link
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Courtesy of Dinar Guru
Mnt Goat Article: "GOVERNOR OF THE CENTRAL BANK CALLED ON MERCHANTS TO DEAL DIRECTLY WITH BANKS" Its about time…the CBI wakes up to another source of the monetary problems plaguing Iraq...This effort will help so much in reducing speculation thus the CBI will be able to control the exchange rate of the dinar. Remember that these street brokers and speculators are not going through the new platform to track corruption either in the exchange of dinars to dollars. So this effort is a win-win for everyone.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Today the US Fed explained more on those 60 banks and those fake airline tickets that they were selling to us. They're saying more than 150 million was being stolen by these banks. They would sell [Buy?] at 1460 then re-sale that to citizens at 1600... FRANK: Animals...! FIREFLY: ...these 60 banks have been busted. Iraq wants to clean up and do what's right so we can reward our citizens but corruption must be dealt with. FRANK: Didn't I say that was the reason why we don't have the monetary reform, because of the corruption of Iran.
Swiss Central Bank Just Posted its Largest Loss in History
Heresy Financial: 1-10-2023
t looks like the Federal Reserve is not the only central bank around the world experiencing issues with losses this year. In fact, the Swiss Central Bank just posted its biggest loss in its entire 116-year history. And given the way that things look like they are going to be going for the year of 2023, it does not look like this will be a year that central banks will make up for their losses.
In fact, it looks like central banks all around the world are going to have losses that will get much worse this year.
Timecodes
0:00 Video Introduction
0:32 What is a Central Bank
3:01 Swiss Central Bank Post Their Biggest Loss
4:18 Swiss Government Won't Receive Their Normal Payout
5:47 Fed Will Take Longer to Pay Themselves Back
10:21 Empowered Investor LIVE
FAIL SAFE: MAJOR BANKS SEEK NEW LIFELINE FROM THE FED. VERY IMPORTANT UPDATES!
Greg Mannarino: 1-10-2023