More News, Rumors and Opinions Tuesday PM 11-29-2022
KTFA:
Clare: An economist offers an "ideal" solution instead of devaluing the dollar
Information / special.
Today, Tuesday, the economist, Diaa Al-Mohsen, proposed a solution that he described as "ideal" instead of restoring the exchange rate of the dollar to its previous state, while stressing that restoring it at the present time is not feasible.
Al-Mohsen told Al-Maalouma agency that "the government must revitalize the economy and important sectors such as agriculture and industry instead of restoring the exchange rate to what it was," noting that "the step of returning it at the present time may cause a major shock that may exceed what happened in 2021."
He added, "There is a large abundance of foreign currencies through which the government can revive the Iraqi economy," pointing out that "there is a lot of manpower that can be invested in these projects, which may generate additional financial revenues, and these are ideal solutions."
The economist explained, "Returning the exchange rate of the dollar at the present time is not feasible, given that there are no real economic justifications that give importance at the present time."
And that "the central bank's responsibility is to control the market and on the grounds that the Iraqi economy is market and whoever controls the exchange rate of the dollar is supply and demand and nothing else."
Earlier, a member of the House of Representatives, Mortada Al-Saadi, confirmed to / information / that "there are parties that are still seeking to reduce the price of the dollar in the new budget before its approval," stressing that "the file of partially reducing the price of the dollar is what hinders the approval of the general budget in the coming period." .
The file of approving the federal budget and restoring the exchange rate of the dollar continues in the corridors of the new government, which draws the people's attention towards them due to their great importance and direct impact on the livelihood of the Iraqi people. LINK
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Courtesy of Dinar Guru
Frank26 Ladies and gentlemen drum roll! We have Article 140...We have HCL...Now that equals Article VIII. Article VIII is what every contract...country...investor have been waiting for. Article VIII tells the people to bring their money into this country of Iraq. They are now secure. All the banking systems are international, modern, up-to-date. We're even about to add value to it with a new exchange rate. They know what's going on...
Frank26 The constitution of Iraq has laws in it...amendments that say you are not allowed to telegraph, to hint, suggest, to say that they are going to have an exchange rate change. Can't. It's against the law. I don't think any of these guys want to be arrested because they will be arrested...
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TNT:
Carlosisan: According to previous intel, the RV is suppose to happen before Nov "22 is out, well - we have 2 days left, today and tomorrow. Let's see what happens. This scenario always happens around this time of year and then we jump into the next year. It is my prayer that this doesn't happen again. As always, be strong, be viligant and lets move forward!
Flash: Seems like after 18 years no great expectations from Iraq, hopefully they will surprise us this year. Seems as though a lot of things are happening so I am still believing it is when.
RVAlready: I think it will have to happen. It is pretty obvious that the world needs the RV/GCR right now I think that is why the UN played hardball with Iraq.
Yada: Agreed rvalready. Fact is the past 18 years, they didn’t have a stable government. Now they do and now, the UN is holding their hands to cross the line. We endured the many obstacles and now the way is clear.
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Tishwash: Baghdad and Erbil agreement on the implementation of Article 140 of the Constitution
The Kurdish forces in the Kurdistan region announced that they had reached an agreement with the federal authorities to form a joint supreme committee within ten days, whose task is to implement Article 140 of the Iraqi constitution. link
“EXIT THE DOLLAR- BUY COMMODITIES." Global Debt WILL SKYROCKET HIGHER FROM HERE!
Greg Mannarino: 11-29-2022
The Fed launched a DIGITAL CURRENCY while YOU weren’t watching
Glenn Beck: 11-29-2022
Right before Thanksgiving, our trusted leaders in D.C. did what they did best: They pushed forward controversial policies while YOU weren’t watching. In this clip, Glenn details how the Fed began its ‘Central Bank Digital Currency’ program last Wednesday afternoon, while Americans were busy preparing for the holidays.