News, Rumors and Opinions Saturday 8-1-2020

TNT:

Tishwash:  Global Rating Corporation: Iraq's debt stands at $ 73 billion

The international GFP rating agency revealed today, Saturday, that Iraq’s external debt amounted to $ 73 billion, while it indicated that the United States of America came first in the world with the most indebted countries in the world.

According to the statistics published by the Foundation during the year 2020, "The United States ranked first in the world with the largest debt with 17 trillion and 910 billion dollars, followed by the United Kingdom with a debt of 8 trillion and 126 billion dollars, and then France comes in third place with a debt of 5 trillion and 360 billion Dollars. "

She added that "the UAE comes at the forefront of the most indebted Arab countries at $ 237 billion, followed by the Kingdom of Saudi Arabia at $ 205 billion and $ 100 million, and then comes at the third place Qatar with 167 billion and $ 800 million, then Egypt ranked fourth with debts of 77 billion and 470 million Dollars, and then Iraq ranked fifth with a debt of 73 billion and 20 million dollars  link

Tishwash:  The U.S. economy has deteriorated. Reducing the outlook for sovereign debt to 'negative'

Fitch credit rating agency downgraded its outlook on U.S. sovereign debt negatively, while keeping its AAA rating unchanged, citing risks to its credit ability amid mounting debt burdens.

Fitch said after the u.S. markets were closed that the change in expectations reflected "the ongoing deterioration in U.S. public finances and the absence of a credible fiscal rationalization plan."

"There is a growing risk that U.S. policymakers will not rationalize public finances enough to stabilize public debt, after the pandemic is over," the agency said, referring to current spending to help mitigate the coronavirus outbreak, and at the current rate of spending, u.S. national debt will reach 130% of annual GDP, the highest of any AAA country.

The move comes amid a deadlock in Washington over a bill to launch a new stimulus package, after Congress has already passed legislation on $3 trillion to help the economy and fund the pandemic's medical response.  link

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Courtesy of Dinar Guru

Pimpy   ...man somebody is trying to score some major major brownie points with the United Nations.  Our boy Al-Kazemi is not playing around...it's nice to see when people actually get in government and care more about the people instead of themselves... Al-Kazemi Speech quote "..we have worked tirelessly to work on a comprehensive reform paper called "the white paper" that will revive the Iraqi economy, solve financial crisis...activate agriculture and industrial production, introduce projects to address these crisis and our unemployed youth, revive the market and put Iraq economy on the right track by stopping the waste and exploitation of the public money..."   Now there are a lot of people who really believe that the rate change is in the white paper.  But my thing is when is this "white paper" going to be implemented if that's the case? ...it looks like things are going in the right direction...

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Currency365

When Will Iraqi Citizens Demands Be Completed?

Aug 1, 2020

https://youtu.be/5amCtadHFoY?t=2

Keiser Report | Portable Nuclear Monetary Policy | E1574

Aug 1, 2020

In this episode of the Keiser Report, Max and Stacy discuss the way that monetary policy looks to an outsider watching the derangement of the rate setters who are seemingly on a suicide mission for the global fiat currency grid.

They also look at the meltdown in the mall REITs, as the pandemic puts an end to an already dying system and at President Trump outsourcing socialism to Canada for pharmaceuticals.

In the second half, Max interviews financial news journalist, Daniela Cambone about the return of the bull market in gold.

They discuss the mining sector, what it was like to cover gold during a six-year flat market and whether or not the sky is the limit as there is no overhead resistance as gold passes $2000 for the first time in history.

https://youtu.be/f93hotTIfnU?t=4