More News, Rumors and Opinions Tuesday Evening 5-3-2022
TNT:
Iraq is looking for billions of dollars in expatriates in the countries of the world
The financial advisor to the Iraqi government, Mazhar Muhammad Salih, said that his country is seeking to legislate a law that encourages the return of Iraqi expatriate capital to the interior, to benefit from it in the investment map.
Saleh did not disclose the size of those funds, or whether they were intended to be funds that were smuggled after the US invasion of the country in 2003, as a result of the corruption and money laundering crimes that spread in the country.
Saleh said that "the money that left the country is considered as expatriate national capital, and it is unfortunately cut off from its mother country, Iraq."
The financial advisor added that "in order to return the Iraqi expatriate investments abroad, it is appropriate to issue legislation or a law that encourages their return to the interior to find their way on the investment map in Iraq and to advance the development of our country."
He stressed that "full legal protection must be provided for these funds and they should enjoy the same privileges that the foreign investor obtains through the effective investment law, as well as enjoying all legal protection rights."
Saleh stressed "the necessity of the birth of a semi-official entity that serves as (the Investment Board for Iraqi Expatriates) to establish the best relations with the Iraqi expatriates to invest their money in their country of Iraq, whether real or financial investment and with the various assets that will be allowed by the Iraqi expatriate capital investment law that we propose to issue."
And at the end of last year, the President of the Republic, Barham Salih, said that he was "in the process of developing a legal code dealing with mechanisms to recover Iraqi funds located abroad." At a time when Finance Minister Ali Allawi spoke about the existence of about 250 billion dollars stolen from Iraq since 2003, considering that these thefts led to a decline in Iraq's economic capabilities, but the Integrity Committee of the Iraqi Parliament had estimated early last year the amount of money smuggled outside the country About 350 trillion dinars (239.7 billion US dollars), a figure that has exceeded the country's budget for more than two years, according to estimates by the Iraqi parliament.
complex files
For his part, the independent member of the Iraqi parliament, Basem Khashan, pointed out that "the file of recovering Iraqi funds abroad, whether it is intended for looted after the occupation or emigration from companies, merchants and businessmen, is one of the most prominent complex files and needs a strong government that is not supported by political parties that engage in trade." By itself, it interfered with the smuggling of Iraqi funds, in addition to international support for Iraq in this aspect," according to his expression link
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Courtesy of Dinar Guru
Frank26 IMO it was for me to say to you something major will happen in the month of April in Iraq concerning their monetary reform. It was called the International Standardization Organization (ISO20022) and it was announced last Thursday officially. You need to understand this is major. This is huge...this was signed around the 22nd of April...why would this announcement be coming just now last Thursday? The world is 'timing'... [Post 1 of 2...stay tuned]
Frank26 This breaks the shackles. This breaks the chains. Article VIII was extremely important. Chapter VII was extremely important. But this is busting the door wide open...The ISO has been around since 2013/14 but it just now being given to Iraq/CBI. What caused it to be given to them? An Addendum...to slowly remove the Swift system...this is major. This is huge...This is a request from the IMF for the dinar to be asset backed...it allows the IQD via the ISO compliance to be international...the ISO is simply a platform for the IQD to go international... [Post 2 of 2]
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Must Watch...YOU ARE BEING GAMED, CONNED, AND MANIPULATED. Markets And MORE!
Greg Mannarino : 5-3-2022
This is how the Inflation Crisis is Getting Worse
The survival Economist: 5-1-2022
It looks like the taxpayers are on a proxy spending spree again. The repo market is in total chaos. Is the repo market the canary in the coal mine, signaling the next financial collapse?
The new repo market timeline that proves this crisis is NOT going away is revealed, right here, right now! Don't be caught off guard like so many before Lehman Brothers went bust.
Watch this video to the end , to make sure you have all the most recent intel on the repo market bailout (QE4). It is crystal clear that the corrupt Fed needs to be audited again. The last time the Fed was audited, they've found 16 Trillion damage not reported to the public that the Fed gave away to the big banks and corporations for the bank bailout of 2008.
Do not underestimate the Fed and Treasury. These corrupt people are capable of printing unlimited amounts of paper.So they will continue to print re and more.
It all started in mid-September when overnight, the rates in the repo market skyrocketed by an unheard of 400%! The Fed stepped in and injected liquidity like they always do, which is a fancy way of saying they printed more money, which will cause future inflation and widen the wealth gap, and gave it to the banks and financial institutions.
Of course, Jerome Powell came out and said the repo market crash was nothing more than a "glitch" and was only temporary. In other words, nothing to see here, move along. But you know from watching my videos, once they started QE, they can never stop, and this was the latest round (QE4).
But Jerome Powell was adamant that what the Fed was doing in the repo market was NOT QE. Even though that was the exact textbook definition. Why will the Fed never admit the continued repo market bailout is QE? Because by admitting they have to start QE again, they're admitting QE 1,2, and 3 failed. The market would then lose confidence, and we all know the entire economy is built on debt, asset prices, and trust.
So the temporary "glitch" in the repo market has now turned into something far more permanent. So let's look at the timeline of the Fed's continued bailout of the repo market. Is this the next financial crisis canary in the coal mine? Does it have anything to do with the housing bubble 2.0? Is the repo market chaos trying to tell us the underlying system is failing?
The federal reserve stopped intervening in the repo market in 2008 (when Lehman went bust). Now, 10+ years again, they've started to intervene again. First, the Fed told us it was only a temporary glitch. Of course, now they've changed their tune. They've had to continue this repo market QE4 since the "glitch" in September.
In this video, I specifically discuss: How the repo market works. What the repo market problem was. And what were the excuses the mainstream media gave?
So is The repo Crisis Getting Worse? Yes, absolutely; it is. And here's a timeline of the feds repo operations per their website.