More News, Rumors and Opinions Tuesday PM 6-23-2020
TNT:
Jeffers: Big News here in Fort Lauderdale, My housemate got a call today from a lady at Wells Fargo.
The Lady left a message stating it was a courtesy call and could she please call her back.
When she did call her back, the Lady stated she got her name form a list from a year ago and stated that "things were shaking up and ready to pop"
Was she still interested in using their services for when the Reset happened?
My housemate stated "definitely yes" as long as the rates were what I wanted.
The Lady asked if she still had the same amount. To which my housemate responded, no, she had considerably more.
And she perked up even more. They will be talking again hopefully soon.
KTFA:
Samson: The World Bank calls for increased participation in the G20 debt initiative
23rd June, 2020
World Bank President David Malbas confirmed on Tuesday that the initiative to freeze the debt of the poorest countries in the world announced by the Group of Twenty is making progress, but more exemptions and greater participation of private creditors are needed
Malpas told Reuters in an interview that 35 of the 73 eligible countries are participating in the G20 initiative, which will freeze official bilateral debt service payments until the end of the year, and that more countries have expressed interest in participating
The World Bank database shows that the initiative to suspend debt service payments will provide up to $ 12 billion that countries can use to deal with the economic and health burdens of the Coronavirus pandemic.
Malpas said the pandemic had hit the global economy with a "very serious and long-term setback", the hardest hit being the poorest countries
He added that the initiative, agreed by members of the Group of Twenty and the Paris Club of creditor nations in April, was helping the poorest countries, but more steps were needed to prevent the economic crisis from increasing poverty rates.
He did not endorse calls by African and other countries to extend the suspension of debt payments until 2022 and cancel some debts, but he said that further steps would have to be taken
"We should look for ways to make additional debt relief available to the poorest countries, at the time when we look at the broader situation facing developing countries," he said. He also urged the private sector to increase participation in the initiative
"It is not really reasonable that commercial creditors continue to receive debt payments and compel the poorest countries to pay them legally ... after they were affected by the pandemic and the deepest economic recession since the Second World War," he said
Some countries are reluctant to obtain these exemptions for fear that this would harm their credit rating and access to global capital markets. The President of the World Bank said that increased transparency on debt levels could pave the way for higher investment to boost future growth
The initiative is part of efforts to revitalize the global economy in light of the outbreak of the Corona virus, which is pushing the global economy towards the largest slowdown since the Great Depression of the 1930s
It coincides with widespread criticism - some from many of the G20 countries themselves - of US President Donald Trump's decision to temporarily suspend WHO funding because of its handling of the Covid-19 pandemic, which has killed nearly half a million people so far LINK
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 ...the CBI has introduced something that was in those meeting two months ago...it's called "white paper". It's a report. It's a guide. It's a definition of an agreement...White paper is extremely important. It's an authoritative report. It comes from the authorities of the Fab 4. It's important for the structure of Iraq and it's important for the international structure of Iraq. This white paper is extremely crucial...it's been introduced from the CBI to the GOI. What's it for? Mainly it's for the budget. What's in the budget? The economic reform. I told you they need the financial reform first in order to have the economic reform...these white papers are the passport for the new Iraqi dinar...
Walkingstick [via Frank26] ...these white papers are the end result of when they have pulled the trigger of the monetary reform...the white papers have the rate and the date... [Reference Frank26 6-23-2020]
Footforward I have a pretty good idea on what the rate will be. It's just the date...That I'm working on. I've said for a long time it will be over 3.50 in my opinion. I can't get more specific then that...
Currency 365:
Iraqis Had Enough As Salaries Not Paid & Lockdown Extended
Jun 23, 2020