More News, Rumors and Opinions Wednesday Afternoon 11-17-2021
Holly Wednesday Update
Good morning roomies!
Keep smiling and keep shining everyone! Never dim your light!
Shine brighter and lets extinguish this darkness. Keep praying for liquidity and see all our blessings flow!
See anything in the way being removed, all obstacles and blocks and see the money flow like a raging River.
The news last night is we should see the flow today. Pray it into existence!
Petra The largest banking and financial summit in the world is happening in Dubai staring the 17th [to the 20th] which is this Wednesday...A lot of things are happening that are not coincidence. They're all coming to a convergence but even more of a convergence than we thought before...they've let it [the rate change] go this long. I don't know the reason but it seems to indicate that they want to make sure everything was all lined up and batted down correctly...it's exciting to see and that's why we think our time is getting down to a minimum here...
Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: Kazami advisor on news saying Iraq's final payment to Kuwait at $600 million and that will complete Iraq's compensation and lead Iraq back to the international community. This will be paid in full early 2022 thus releasing Iraq from the official article 7 making acceptance for Iraq.
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Samson: Erdogan's statement throws the Turkish lira to the bottom against the dollar
11/17/2021 15:49:46
The Turkish currency continues to decline and fell today, Wednesday, against the dollar, to a new record level, amid investor concerns about the monetary policy of the Turkish Central Bank.
According to the trading, the Turkish currency fell today to the level of 10.45 lira to the dollar, and this came after its decline yesterday, Tuesday, by 3%. Thus, the losses of the Turkish currency have risen this year to the level of 28%, and the performance of the Turkish currency is the worst among its peers in emerging markets.
The lira's decline comes amid expectations that the Turkish Central Bank, during its meeting tomorrow, Thursday, will cut interest rates again, and the central bank is expected to reduce the interest rate by 100 basis points, while inflation in Turkey will rise to nearly 20%.
Turkey is easing its monetary policy in line with Turkish President Recep Tayyip Erdogan's unconventional view that high interest rates lead to higher prices.
Turkish President Recep Tayyip Erdogan pledged to continue the fight to reduce interest rates, and Erdogan said today during the meeting of the parliamentary bloc of his "Justice and Development" party in the Turkish Parliament, that "his government is determined to remove the scourge of high interest from the shoulders of its people." LINK
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Russia Predicting Black Swan CRASH | They Know Something Is Coming...
Stoic Finance:
Alasdair Macleod: Price Inflation is Only Just Beginning
Palisades Gold Radio: Nov 17, 2021
Tom welcomes back Alasdair Macleod to the show. Alasdair is the Head of Research for Goldmoney and an advocate for sound money.
Alasdair notes the investment management industry is completely ignoring the expansion in money and the resulting inflation. Price increases are the consequence of this expansion of the money supply.
We've experienced an expansion by 400% in M1; we are in hyperinflationary territory. Further spending on infrastructure using more printed money won't make this any better.
Interest rates have to rise or the dollar will tank but raising rates too far will make the debt unserviceable.
Ever-increasing deficits are simply inevitable in a debt fiat system.
Alasdair believes it's a mistake to assign a particular number to the term hyperinflation. The U.S. appears on the verge of hyperinflation unless there is a policy change. Policies appear to be worsening and there is a movement away from free markets.
Things are going to get a lot worse before they wake up to the problem.
The energy problems in Europe are both Geopolitical and due to climate agendas. The decommissioning of fossil fuel energy sources and overreliance on alternative energy sources is very problematic. In addition, we're changing demand by promoting electric vehicles.
We're screwing ourselves by doing away with fossil fuels. He notes that much of the supply issues are due to overreliance on just-in-time inventories. At some point, there will be a shift from crypto towards physical metals. Especially when one considers the number of cryptocurrencies and speculation in that space.
Alasdair questions what the Fed can do once the taper program again undermines financial assets and bond yields start rising. This is not something the Fed wants to see.
If the stock markets fall heavily then they will be pressured to resume quantitative easing but that will end up destroying the dollar.
The European banking system is far more statist-minded and just as inflationary when compared with the United States. He explains the impact of negative interest rates and the banking system's ability to make profits. The policies of the ECB make it difficult for the private sector to function.
The Eurozone is one big failing system of governments and banks.