News, Rumors and Opinions Saturday Night 4-29-2023
KTFA:
Clare: The dollar is falling against the Iraqi dinar in the local markets
4/29/2023
The exchange rates of the US dollar decreased against the Iraqi dinar, today, Saturday, on the main stock exchange in the capital, Baghdad.
The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 141,200 Iraqi dinars for 100 US dollars this morning.
That the buying and selling prices decreased in exchange shops in the local markets in Baghdad, where the selling price reached 142,250 Iraqi dinars for every 100 US dollars, while the buying prices amounted to 140,250 Iraqi dinars for every 100 US dollars. LINK
DoTalkToMe: The USD is about to be dethroned, and no longer enjoy it's world domination. The world is sick and tired of being controlled by the US. If it's losses it's status and is no longer a currency of choice, all the QE printing of the USD to infinity and beyond will become similar to toilet paper. Once this ride of the IQD is over, the real wild begins. Looking forward to the show.
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Zeeman: Clare are they saying the vote before or after their vacation thanks
Clare: PARLIAMENT EXTENDED THE SESSION.. IT WAS SUPPOSED TO END ON MAY 9TH... BUT NOW PARLIAMENT HAS TO KEEP WORKING UNTIL THE BUDGET IS PASSED.
HOPEFULLY THAT GIVES THEM INCENTIVE TO HURRY UP & SCHEDULE THE 3RD VOTE.
BUT THEY ARE DEFINITLY WORKING ON THE NUMBERS. REMEMBER WS & FRANK SAID THE BUDGET IS ALL ABOUT THE ACCOUNTING! IMO
Turk182: But we’ve been told/lead to believe, that the BUDGET WAS DONE?
Clare: IT IS DONE ... THEY HAVE TO GO THROUGH THE FORMALITIES IMO ONLY. THEY'VE HAD TWO READINGS ALREADY... HAVE THEY NOT?
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DeepWoodz: Imo Even though I don’t understand the 1310 (rate) , it’s easy to see that something big is under foot.
Ask yourself why is it taking some time to put out the largest budget in Iraqs history.
Why is it significant they have the largest reserves in the history of the country.
Why a three year budget.
Why hold on to your dinars.
Why is the world pouring in.
Why do they continually talk about an exchange rate.
What are the agreements recently with the IMF.
Why so much time with the US Treasury.
Why so much time with the World Bank.
Why, Why, Why….
You know why.
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Clare: THE US FEDERAL RESERVE WARNS OF A POSSIBLE BANKING COLLAPSE
Saturday, 29 April 2023
Follow-up / National News Center
The US Federal Reserve urged on Saturday to renew a set of rules for medium-sized banks to avoid the problems that led to the collapse of the Silicon Valley bank, according to a report in the Wall Street Journal.
"The supervisors did not fully appreciate the extent of the vulnerabilities in the banking sector as the Silicon Valley problem began to develop," said Michael Barr, vice chair of the Federal Reserve's oversight board.
Barr added, "When the Reserve saw some complications in Silicon Valley, it did not take sufficient steps to ensure that the bank fixed these problems quickly enough."
He believed that "the mistakes made by the Fed regulators were driven in part by changes that generally relaxed rules for medium-sized banks."
"These changes hampered effective oversight by reducing standards, increasing complexity, and promoting a less assertive supervisory approach," Barr noted. LINK
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Courtesy of Dinar Guru
Walkingstick [via Frank26] The articles are not keeping up with what they are telling the citizens. Remember this education is for them. Not for us.
Bruce [via WiserNow] ...we need Iraq to do one thing, and that is to put their new dinar rate, which would be their CBI rate or their international rates into the printed Gazette, which comes out Saturday...they've been exchanging there for over two weeks in country - in ...Iraq ...we heard from very, very high up source, said that April's showers will bring May dollars... I think the rate will be good. The rate will be very strong. And dong rate is going to be very strong also... I'm hearing is we should be getting notified Saturday. And I think based on that we should start Monday or at the very latest. So I think we're just about there...
First Republic is NOT the Last Bank to Fail! ALL BANKS NEED BAILOUTS!!
(Bix Weir) 4-29-2023
The "Fractional Reserve" Cat is out of the BAG! We the People have all of a sudden taken the Red Pill and discovered that NO BANK can return even a fraction of their deposits without selling 10X the amount of investments generated from those deposits!
Basically, the Bank Runs will continue until every bank on the planet is BAILED OUT BY THE FED!
Of course, it can be done but it would destroy the "Faith and Confidence" of the Dollar Internationally and Domestically such that the Purchasing Power would quickly dive to $0.