News, Rumors and Opinions Thursday AM 7-7-2022
KTFA:
Samson: For the first time in years... Iraqi customs revenues for the month of June touched 100 billion dinars
6th July, 2022
The General Authority of Customs announced today, Wednesday, that the revenues for the month of June achieved a great leap that has not been recorded for years, reaching more than 99 billion dinars.
The authority said in a statement received by Shafaq News Agency, "This achievement was achieved despite zeroing customs duties for foodstuffs and construction materials and exempting them from fees according to the decision of the Council of Ministers."
On Tuesday (3/8/2022), the General Customs Authority announced the start of implementing the decision to zero fees for food and consumer goods.
The authority said in a statement, "Today, procedures for issuing circulars for the implementation of Resolution 72 of 2022, which include zeroing customs duties for basic food and consumer materials and building materials, were implemented in order to support the citizens' segment and the people's food, which affects their daily lives to meet the challenges of high prices." LINK
MilitiaMan: Well well well. Take a look at this. We have been saying since the cows came home that the revenues at the borders will be insane.. They are even at a program rate. Wait until they go out to the world with an internationally acceptable currency exchange rate.. Look at what they are saying about today. We implemented the action.. This is one more item that is in place for the implementation process to bring Purchase Power to the Citizens. imo ~ MM
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Wolverine:
Ok guys some people are confused thinking that I meant tier4B has gone liquid. That is not the case guys. What I can tell you the process has started and certain levels have gone through. Soon the tier4 will be launched and I’ll have that opera ready. Certain levels have gone liquid which is fantastic news for us all. Remain in faith and stay close to God. God has got this. God bless you all
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American Patriot :
GCR News: On Wed. 6 July a Tier 3 very valid source confirmed that at least two Bond Holders had been notified that they would be paid out in full from Friday 8 July 2022 through Monday 11 July and that at least some of that money would be paid directly from the Rodriguez Trust.
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Courtesy of Dinar Guru
Breitling Question "can you give us an update as what you found out concerning the exchange rate range that we might be expecting?" Between $0.50 and $0.60.
Petra IMF compliance under Article 8 requires a single currency practice..aka...IQD only for international trade and transfer. The impact of the change, IMO, cannot be gradual as then at what point is the IQD more attractive to the USD? We are not only awaiting a rate but also Article 8 "FULL" compliance specifically to their currency play. So, not sure a gradual rate will work as people need a reason to change and "Shock and Awe" may be what is necessary to get people to change from USD to IQD...
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ALERT! Watch For ANOTHER UNCONTROLLED SELLOFF In The Debt Market, And What Will Happen
Greg Mannarino: 7-7-2022
What is the Value of Gold and Silver During Inflation? Q&A
Lynette Zang: 7-6-2022
Question 1: 0:58 How much silver might be needed for bartering just for very basic necessities of survival? Would this apply to anyone regardless of their overall wealth status?
Question 2: 4:57 Could 10-30 year treasury bonds be a safe haven during the upcoming recession? Pros and cons vs physical gold?
Question 3: 9:04 If and when gold is revalued to its fundamental value north of $11,000, what effect will this have on other assets?
Question 4: 10:43 The FED chairman recently remarked that he is "surprised at how little we know about inflation". How embarrassing. Many other "experts" are surprised at our current state of affairs. None of this engenders confidence. Do you get the feeling they are deliberately nudging us toward collapse, by chipping away at their own credibility?
Question 5: 14:14 Why are gold and silver losing value when inflation is out of control?