News, Rumors and Opinions Sunday 5-14-2023
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KTFA:
Clare: The Governor of the Central Bank receives the British Ambassador to Iraq
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received in Baghdad, His Excellency the British Ambassador to Iraq, Mr. Mark Bryson Richardson.
The Governor stressed that the Central Bank of Iraq has played a major role over the past years in stimulating the Iraqi economy, indicating that the banking sector in Iraq is looking forward to strengthening cooperation between the two countries in the field of managing reserves, managing risks, combating money laundering and financing terrorism, especially since the relationship of the Central Bank of Iraq With the Bank of England (Central) extends to nearly (70) years.
For his part, Ambassador Richardson expressed his country's support for the directions of the Central Bank of Iraq, in line with the desire of the two countries, and urged international organizations to support the position of the Central Bank of Iraq.
Central Bank of Iraq
Media Office
May 13, 2023
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Courtesy of Dinar Guru
yada Now the UN, IMF, US, World Bank, and even the CBI know the GOI can no longer stop the process. Best analogy would be the pitcher has sent the pitch and it is on the way to being received by the catcher. Pitcher is Iraq and the catcher is the rest of the world. Iraq can no long stop it, out of their control...I strongly believe we are in the last weekend of being broke...
Nader From The Mid East A lot of questions like, 'Hey, the rate in-country do we have to travel to Iraq to change our money?' First... whoever has millions of them, my opinion they're not gonna let you travel with all that money...to change it in Iraq erase it...forget it completely. Second, when the rate changes...if the one is on Forex and if it's international in Forex the banks have to buy and sell it especially if it's stronger than the dollar.
Debt Crisis Accelerating Dedollarization | Mario Innecco
Liberty and Finance: 5-14-2023
The U.S. debt ceiling is fast approaching. While debt ceiling negotiations are often political theater, a debt downgrade could be bad news for the markets.
The U.S. is unlikely to outright default. Instead, the U.S. will continue to devalue the dollar, in essence, a de facto default.
Mario Innecco joins us to discuss the debt crisis along with the shrinking M2 currency supply.
The Banking System is Breaking | They Are Losing Control & Blaming Everyone Else
Sean Foo: 5-14-2023
Bank runs are getting worse, deposits are flying away Wall Street is blaming everyone but themselves.
As the Fed continues to keep rates high, more will leave the banks which means potentially even more banking failures coming.
Here's how bad the situation is and who is the latest scapegoat in this banking crisis!
Timestamps & Chapters:
0:00 Banks Are Feeling The Pain
2:24 Bank Runs Aren't Stopping
4:30 Blame The Evil Short Sellers
7:12 The Fed Is Crashing Everything
9:17 No Escaping A Recession
11:30 Prepare For A Credit Crisis