News, Rumors and Opinions Sunday Morning 8-28-2022
KTFA:
Samson: Newspaper: Sanctions Against Russia Were Not As Effective As The West Expected
27th August, 2022
The Economist newspaper confirmed that Western sanctions against Moscow were not as effective as expected, noting that Russia will achieve the second trade surplus in the world after China this year, despite the sanctions
An analytical article for the newspaper stated, "It is worrying that the sanctions war so far is not going as well as expected
The newspaper pointed to the sanctions against thousands of Russian companies and individuals, the freezing of half of Russia's foreign exchange reserves, the cutting off of most banks from the global financial system, the restrictions on importing oil from Russia and Russia's purchase of some important materials such as electronic chips
The newspaper expected that Russia's isolation from Western markets "will cause chaos in Russia within 3-5 years but she points out, however, that the "knockout" has yet to materialize, with Russia's gross domestic product declining by 6% in 2022, well below the 15% expected by many last March.
She added that the export of hydrocarbons generated a surplus in the Russian trade balance of $265 billion this year, making Russia the second largest surplus in the world after China
The Russian financial system has also stabilized after the initial shock, and the country has been able to find new suppliers for some goods, such as China, while Europe may experience a recession due to the energy crisis
The newspaper wrote: “It turns out that the sanctions weapon has its drawbacks. One of them is the time interval. And blocking access to technologies monopolized by the West will take years to have a tangible impact
Although the Western GDP is much more than the Russian one, the newspaper also referred to Russia's role in the global gas market, and that 100 countries, with a GDP of 40% of the world, do not abide by the ban on various Russian exports LINK
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DallasDude: Was hoping the EFSL packed a little bit more punch by now..they are just getting around to full implementation..they should have just called it the FSL,not much E to show thus far..hopefully citizens get their entitlements soon as promised and we see a new rate..I do believe it is the FSL that ultimately brings this to a close,just need some government stability..remember the budget ultimately needs a rate, the rate doesn't need a budget.
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Courtesy of Dinar Guru
Mnt Goat ...the CBI reserves are back at an all-time high, something that I believe they will need to conduct the project to delete the zeros and then to move on to the reinstatement...
Frank26 Article: "A government meeting to complete the project to modernize public financial management systems" ...IF NO MALIKI THEN WE WOULD HAVE A KAZEMI GOVERNMENT...KAZEMI CONTROLLED MALIKI...WE SHARED ER [Economic Reform] & MR [Monetary Reform] WERE IN THE WHITE PAPERS...WE SHARED THE EXCHANGE RATE OF THE MR WOULD BE GIVEN TO THE CITIZENS, BEHOLD!
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TNT:
Tishwash: 50 Billion of Iraq's oil revenues are frozen... What is the reason?
Muhammad Al-Halbousi, Speaker of the Iraqi Parliament, said: "Iraq will face economic crises if the political crisis continues in the country, and the constitutional institutions are disrupted ."
Al-Halbousi stressed, during his participation in the Islamic Conference to Combat Violence against Women, today, that there is an 80 trillion Iraqi dinars (50 billion dollars) financial surplus over the revenues of oil exports for the current year, "frozen and cannot be spent" due to the lack of approval of the 2022 budget.
He added that the financial management law, which will continue to manage the country's financial affairs in case the 2023 budget is not approved, will not allow any additional financial spending, which will put the country in front of major economic crises from 2022.
The Iraqi President, Barham Salih, had confirmed earlier that his country is going through a delicate and sensitive circumstance and serious challenges , considering that the current political stumbling in the completion of the national constitutional benefits after ten months of holding the elections is unacceptable
In a speech during the conference, he stressed the need for reform and addressing the existing deficiencies, leading to radical solutions that would enable the Iraqis to build a real state that protects and serves the interests of all Iraqis.
The deputy in the Iraqi parliament, Ahmed Hama Rashid, said, "The current government is unable to approve the country's budget for this year, because it does not have the powers to legislate laws as approved by the Federal Court," describing Al-Kazemi's talk about the need to approve the budget. more".
He explained in a previous interview with Al-Araby Al-Jadeed that "the 2022 budget is supposed to be approved since the end of last year, but the political impasse in Iraq prevented this link
CRASH ALERT! Prepare For September Chaos NOW! Silver & Cryptos in Possession...NOW!! (Bix Weir)
There is no time left to prepare. The system is failing on every level and the Mother of All Crashes has already been loaded into the computer programs to be triggered on a specific day in the next few months.
Watch for things to go sideways AFTER 9-11...and then get worse!
This is something that humanity has NEVER experienced to nobody knows how it will all go down. Get your silver, gold(if you have to!) & cryptos in your own possession as you will LOSE EVERYTHING ELSE!