News, Rumors and Opinions Sunday Morning 5-9-2021
KTFA:
Samson: Finance Committee: Iraq needs 27 years to pay its internal and external debts
9th May, 2021
A member of the Economy and Investment Committee in the Iraqi Parliament, Mazen Al-Faily, revealed that Iraq needs about three decades to pay off its accumulated debts.
Al-Faily confirmed in a statement that there are internal and external debts and loans, which expire in the year two thousand and forty-eight, which means that Iraq will continue to pay the debts during the next twenty-seven years, indicating that the Parliamentary Economic Committee objected to borrowing without there being alternatives to oil or Reducing expenditures, while Al-Faily pointed out the absence of any practical steps on the ground to maximize Iraq's imports in the industrial, agricultural and tourism sectors. LINK
Samson: Learn about Iraq’s ranking with the largest gold reserves in the world
9th May, 2021
The World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold as reserves of the precious yellow metal.
In its latest schedule for the month of May 2021, seen by Mawazine News, the council said, "Iraq ranked 38th in the world out of 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya."
He added, "Iraq's possession of gold amounted to 96.3 tons, which represents 8.1% of the rest of its other reserves. LINK
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X22 Spotlight Report:
Inflation Cannot be Contained, Gold will Destroy the Fed (w/ Collin Kettell)
Collin begins the conversation with how the economy is doing under [JB], the new taxes that the [JB] admin wants to implement will destroy businesses and make it difficult for the everyday person.
The [CB] let the cat out the bag and they relayed the message that inflation is on its way, they will not be able to contain it this time around and they know it. The [CB] are preparing their CBDC but this will fail because Gold and cryptos will start to rise and in the end the people will have a choice, gold will destroy the [CB].
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Courtesy of Dinar Guru
Frank26 We're looking for, what we call 'chatter' from the CBI and the GOI...It's not hard for the IQD to de-peg from the American dollar because the IQD's assets and natural resources simply embarrass the American dollar...
MilitiaMan Article: "Ports call for accelerating electronic transformation" This has been a work in progress for years. They have not just started this. They have been hard at this for many years. Now it is effectively go time...We know the IMF, UN, World Bank, Bank of international Settlements, etc have a pulse in the on goings in the monetary reforms and digital transformation that Iraq is presenting to the world now. [post 1 of 2....stay tuned]
MilitiaMan It is very clear they are gearing to interlink globally via land, sea and air...All borders, ports and airports will have codes for all goods. A requirement for Article 8 and or WTO ascension. imo ~ They are obviously educating everyone in the matter. The most important at this level are the those 200 banks, as they clear money globally... They all have a need to know and at the same time. They got the message...This is very very very exciting times imo! [post 2 of 2]
The Survival Economist
The Inflation Monster Has Been Unleashed
Premiered 65 minutes ago
The monster known as inflation has been unleashed upon the world and will not easily retreat into the night.
This is reflected in soaring commodity and housing prices. Due to the stupid and self-serving policies of the Fed, we are about to experience a massive shift in the way we live.
Bubbling up to the surface is also the recognition the Fed has played a major role in pushing inequality higher. This means that inflation is about to devour the purchasing power of our income and the savings of those that have worked hard and saved over the years.
Over the months we have watched Fed Chairman Jerome Powell time and time again cut rates and increase the Fed's balance sheet. This has hurt savers, forced investors into risky investments in search of yield, damaged the dollar, encouraged politicians to spend like drunken sailors, and increased inequality.
The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process.
Sadly, the same policies that dump huge money into larger businesses because it is an easier and faster way to bolster the economy give these concerns a huge advantage over their smaller competitors.
For the full transcript go to https://brucewilds.blogspot.com