News, Rumors and Opinions Sunday 4-25-2021
TNT:
Tishwash: The Ministry of Finance issues instructions for implementing the budget
The Ministry of Finance issued, on Sunday, instructions for implementing the budget, while calling on all spending units of the ministries to review them to receive these instructions.
The information office of the ministry said in a statement that “all spending units of ministries, governorates, bodies and entities not associated with the Ministry must attend to the Ministry of Finance / Budget Department on Monday, 4/26/2021 for the purpose of receiving instructions for implementing the general budget for the fiscal year 2021 and instructions for implementing the planning budget for the public sector and bodies And self-financing companies ”.
He added, "This came after the legislation and publication of Law No. 23 of 2021, the federal state budget for the Republic of Iraq for the fiscal year 2021, in the official Iraqi Gazette, issue No. 4625, on April 12, 2021."
The media office stated that "the instructions for the federal budget for 2021 were completed after a final audit was conducted by the Ministries of Finance and Planning," noting that "appeals to the budget will not delay its implementation."
Courtesy of Dinar Guru
Frank26 The budget is official and the budget is with the 1 to 1 rate...it already exists with a rate of 1 to 1...they're all waiting for the rate...the accounting in the budget is already in the budget and retro back to the first of the year - that's called a rider...it's in there as a mechanism to take the exchange rate of the budget and bring it back to the beginning of the year to cover the whole year for that budget. If there was not a rider like the article say that there is, then they would never have any plans of bringing in a new exchange rate retroactive back to the first...
Pimpy Remember I was talking about a free floating currency in Iraq. They're talking about kicking around in the market, let it go on Forex, let it free float. So instead of it being pegged to the U.S. dollar they just let it float. If investors believe Iraq is going to grow they will invest in the currency. It will cause it to go up in value ...the price of a currency is affected by what? Inflation, unemployment, demand, political stability, supply and future prospects...we don't have to wait for an RI or magical RV we can pay attention to these things and watch the currency grow in strengthen..
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Reason Why Taxation is Theft
The Nomad Economist: April 24, 2021
Reason Why Taxation is Theft
On March 18, Joe Wiesenthal of Bloomberg Markets had MMT economist Stephanie Kelton on the show. If you’re not familiar with MMT, they think governments should print more money because deficits aren’t a big deal.
At one point in the show, Wiesenthal asked, “If we don’t need to worry about deficits, why do we have taxes?” Kelton’s response was illuminating.
Now, the traditional excuse for taxes is, paraphrasing Oliver Wendell Holmes, that they are the “price of civilization.” Skeptics point out that historically societies with very low taxes were often far more civilized—
Think the Dutch Golden Age, Islamic Golden Age, Victorian England, the pejoratively named “Gilded Age” in American history—that thirty-year golden age when almost everything useful was invented.
And yet throughout that latter period federal receipts were one-fifth what they are today.
For the full transcript go to https://financearmageddon.blogspot.com
SILVER ALERT! Jeffery Christian ADMITS the Banks Rig Silver Prices Lower "FOR CUSTOMERS!" (Bix Weir)
Apr 24, 202
Jeff Christian, the banker shill from CPM Group, just admitted that the large bullion banks rig the price of silver lower so their "customers" can get cheaper silver!! You can't make this up!!