News, Rumors and Opinions Sunday Afternoon 2-27-2022
KTFA:
Samson: A banking expert reveals the consequences of the decision to remove Russia from the Swift Global Banking System
27th February, 2022
Banking expert Ahmed Al-Hashemi revealed, today, Saturday, the consequences of the decision to remove Russia from the SWIFT global banking system, pointing out that the decision was made by the European Commission and with efforts by the German government.
Al-Hashemi said in a statement to the “National News Center”, that “the SWIFT system is a global financial system that allows a smooth and rapid transfer of money across borders,” noting that “the system links 11,000 banks and institutions in more than 200 countries.”
He added that “as a result of this decision, it will be difficult for Russia to make transfers to and from its banks,” stressing that “banning Russia from dealing through the Swift system, which is used by thousands of banks, will affect the network of Russian banks and Russia’s ability to access money.”
Al-Hashemi indicated that “these sanctions will affect the economies of some countries and their companies, for example, the purchase of gas and oil from Russia will be affected,” explaining that “many European banks have branches or subsidiaries in Russia, most notably the French Societe Generale and the Italian Unicredit. and Austria’s Revation Bank International.
Regarding the volume of exchange between Moscow and all Arab countries, Al-Hashemi said that it “does not exceed 18 billion dollars, while the volume of Russian investments does not exceed 50 billion dollars, in contrast, Arab investments in Russia do not exceed 6 billion dollars,” noting that “the last deal Huge armaments between Iraq and Russia were worth nearly $4 billion, according to sources published a few days ago.
He concluded, “Both Iraq and Russia will need to discuss other ways of financing in the event of imposing financial isolation on Moscow, and there are a very large number of Russian oil companies operating in Iraq.” LINK
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Courtesy of Dinar Guru
Pimpy Question: "How does 1190 or even 1000 [rate for the dinar] give the people more purchasing power?" The Iraqi people lost 260 dinars [1190 to 1450] in the rate change compared to what it was before...21.8% of their purchasing power was lost...although to you, you're like 'This isn't purchasing power! This is nothing!' ...If you're living in Iraq and you're trying to budget...and you're not making that much, an increase of 21.8% would be a huge gain to you...the difference between the old rate to the new rate was a loss of 21.8% of their purchasing power. Bringing it back to the original 1190 would give them back 21.8% of their purchasing power. [Post 1 of 2....stay tuned]
Pimpy Let me put it another way...Let's say you're making $1000 a week and then all of a sudden they take away 21.8% of your check. Now instead of getting $1000/week you get $782/week. See the difference? ...You're not looking at it through the eyes of an Iraqi person who actually lives off the dinars...somebody takes away 21.8% of your money now you're only making $782 you would notice that. You would be pissed off. Imagine they gave that back to you. How happy you would be. What could you do with $218 more per week? ...to you the change from 1190 dinars to 1450 is no big deal so if it comes back to 1190 dinars it's still no big deal to you but it is if you live in Iraq and you live off of the IQD... [Post 2 of 2]
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The FED fighting a 70 Trillion Debt Bubble Inflating Faster Everyday
The Nomad Exonomist: Premiered 18 minutes ago
Complex systems fail, especially when the primary factor is looting. Audit the FED now. The longer they run their bad experiment out, the more bizarre financial world is going to become.
The markets are taking control of interest away from the Fed and, backing them into a corner. Central banks are selling subpar buying loans because banks won't buy from each other any longer. Does anyone want some beautiful juicy Deutsche Bank products? I've got some Bear Stern stuff too!
The Federal Reserve is a private institution and lends currency into existence. The interest paid on Treasury debt is in effect future taxes. Since already accrued interest owed is so high the pressure is to keep the Fed set interest rates low so that the government can pretend to be solvent
Now when this is not sufficient for the demand to expand the money supply even faster, they have to avoid this apparent hyperinflationary spiral, and that's why the idea is being floated to allow the Fed to buy Treasuries directly.
It's debt cannibalism going into overdrive and obviously, one of the last can-kicking actions available before full out Modern Monetary Theory to the population.
The Federal Reserve is a privately owned secret entity. And we have absolutely no clue as to what they are doing, in secret, to keep the treasury prices so low in order to entice us to keep borrowing. The trap has been set, in secret. Just like the trap of easy money that was set that led to the 2008 financial crises.
And they secretly manipulate the stock markets in the same way. If they had nothing to hide, we would be auditing these secret books of theirs. But secrets are meant to keep the truth from us, which leaves us absolutely clueless.
So we can only continue guessing what they are actually doing, in secret, to manipulate all that is financial with their secret control of our financial system.
If I was a counterfeiter, printing money at will and buying anything I wanted, and to use this counterfeit money to hire hit men, or manipulate stocks, or to give to my buddies, would I want anyone to know what I am doing? Hell, no.
MARKETS A LOOK AHEAD: Expect This New "CRISIS" To Be Drawn-Out, Milked For ALL Its Worth.
Greg Mannarino : Feb 27, 2022