News, Rumors and Opinions Saturday Afternoon 12-26-2020
KTFA:
DeepWoodz: Imo...Raise the rate and everyone will prosper.
Don961: A strange trick practiced by owners of electronic payment card outlets ... Paying employees' salaries in "dollars" at a value less than the real salary!
2020-12-26 Yes Iraq: Baghdad
Some owners of electronic payment offices and payroll outlets have begun to “trick” citizens and holders of electronic payment cards in a way that achieves more gains for them by using, especially at a time when the market is witnessing fluctuation and instability regarding the exchange rates between the dollar and the dinar.
A number of employees recorded complaints that the payroll outlets and the "K-Card" card circumvented them by paying them in dollars instead of dinars, and while the salary holder goes to convert the dollar into the Iraqi currency, he finds that his salary has decreased by thousands of dinars due to the exchange rate difference, in addition to Commission deducted from the outlet owner.
One of the employees whom Yass Iraq spotted his complaint, an employee, said that “he went to collect his salary and was surprised after the receipt from the payment machine that the owner of the outlet told him that we only have US dollars and not dinars, so he was forced to receive his salary in dollars. That the exchange rate in the market is lower than the price that the outlet owner calculated.
Thus, the outlet owner succeeded in obtaining two commissions from the exchange, the first is the entitlement and the second is the exchange rate difference, indicating that if the exchange rate in the market is 1400, the outlet owner delivers the salary to the owner with a difference of 2 or 3 thousand dinars, and in this way, manipulation.
It is not possible for the owners of exchange offices who took advantage of this, because on Fridays and Saturdays there are no banks and they do not have Iraqi cash.
This situation continued for days in Mosul Governorate, while the security forces began to move to investigate this situation. link
Courtesy of Dinar Guru
Walkingstick (via frank26) How long are they going to keep this 1470 decreased rate? ...not too long. They got a couple weeks and they can't use all those two weeks.
Frank26 ...You can not stop this monetary reform. President Trump put Iraq and this whole Middle East and many countries in a position for Iraq to lift the value of their currency...You think the BIS...the whole International world wants to invest at 1450? Of course not. You think this whole pyramid of amazing accomplishments is going to be toppled and collapsed because they decrease their currency? No.
Jeff ...let's say Iraq revalued their currency clear up to a dollar. They'd be going from 1500 dinar that equals one dollar clear up to 1 dollar. That is over a thousand percent increase...That type of large rate change has to be coordinated and timed with the budget fiscal period...small rate changes can happen any time. Large rate changes that will impact the value of the currency that the budgets are calculated off of...have to be timed and coordinated with the timing of a fiscal period...
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Iraq Currency Auctions Drastically Shrink
Currency365: Dec 26, 2020
The $600 Stimulus Check is an insult for the American Middle Class
The Atlantis Report: Premiered 23 hours ago
Merry Crisis and a Happy New Fear. A $600 relief check to prevent poverty ten months into the worst pandemic in a hundred years.
Corporations and government get 99.9%, and we the serfs get crumbs!!! America has just become the world's largest Corporations welfare state. Anyone and everyone telling you $600 “is good enough” is telling you that to make sure you never believe better is possible, that better is deserved.
Anyone and everyone saying $600 “is good enough” has a job, sizable salary & great healthcare coverage. And telling people to be grateful for crumbs while the bread factory throws whole loaves at the already bloated is miserable morality.
In the coming months, we will see mass evictions; we will see mass foreclosures - we will see whole new tent cities, with families. But according to those who hold power - this $600 is good enough. The government will bribe you with a check for $600, then hand your kids a tax bill for $3,000; what a deal.
They get the chance to give you some of your taxes back, they balk? The $600 Stimulus Check is a tiny bit of our tax money; it is not theirs. What the hell are the millions of Americans who are struggling to meet their basic needs going to do with a $600 Stimulus Check?
Since 12 million households are more than $5000 behind in rent, $600 should cover it. Right as the moratorium on evictions is set to expire! It’s insulting. Six hundred dollars isn’t even enough for most Americans to pay half their mortgage, as the average is roughly $1300. Let’s not even get started on the cost of housing in most cities. $600 is not even one month's rent for a room apartment.
Plus food, electricity, gas, internet, water, insurances, $600 will cover it all for sure. That math ain't mathing at all.
The American people deserve better. So many families are hurting with business closures etc., with no real aid. It's a slap in the face for essential workers. These officials are poor mathematicians.