News, Rumors and Opinions Tuesday Night 3-24-2020
TNT:
Tishwash: The central bank announces the collection of 44 billion dinars to counter the threat of corona
The Central Bank of Iraq announced, today, Tuesday, it raised 44 billion dinars to counter the threat of corona.
The bank’s media stated in a statement, “In the framework of efforts to ward off the imminent danger that the Corona virus outbreak may cause the health of our valued citizens, and in order to support the preventive preparations made by the Ministry of Health and the crisis cell, we announce the collection of $ 44 billion Iraqi) until Tuesday 3/24/2020. "
He added, "The sums will be used mainly for the purposes of filling the shortage of respiratory devices (respiratory recovery), which is the deficiency that causes high death rates, as well as for the purposes of measures to prevent the spread of the epidemic."
He pointed out that "the Governor of the Central Bank seizes and his board of directors this opportunity to extend my sincere thanks to the Iraqi banking system and all the bodies that responded to the call and contributed by donating to the fund that the Iraqi Ministry of Finance called for to confront this serious epidemic, and appends a list of the bodies that participated in supporting the fund until its date above link
Courtesy of Dinar Guru
Jeff ...I didn't say the rate changed. I said the rate change process started. We are in the middle of the rate change process right now. It has started...IMO we are approaching the end...
Breitling ...a little bit of privileged information. They kind of have a choice coming up. Do they want to revalue at a certain rate and then when the markets correct itself add value to it and get into the markets at a little bit of a higher rate so they can get gains on it. Because here's the problem, they can add value to their currency today they've always had that ability...but if they're not investing that they're not getting a return on it. They're just keeping their economy afloat...they have to structure this thing to where they can get into the markets...the more that they wait - the more that the market is in the position it's in - the higher the rate you and I get. And that's what's exciting. Because it just accelerated...
Frank26 Question "Now that the auctions have been stopped..." You have to be careful with that. They've been stopped because of the curfew. Because of the virus. Will they come back? Will they come back different? Will they come back at the program rate? Will they come back with only their currency at a program rate or a new rate? This is where we're at with my teams... Question continues. "...in your opinion is Iraq implementing or planning their next course of action?" Yes. That's what our studies have all been. I believe their next course of action was to stop the auctions. To stop using the American dollar. BUT they did that! So I wonder what they're gonna do next - suddenly.
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Lynette Zang
Streamed live 3 hours ago
GOLD PRICES, FUNDAMENTAL VALUE, PHYSICAL GOLD
Question 1. Wayne L: You say that an ounce of gold has always been worth a new suit of clothes but the current price of an ounce will buy a very nice suit of clothes, so how can you say that gold is undervalued?
Question 2.Whitebelt: How can you be so sure with this corrupt Government and Central Bank that they would allow gold to come anywhere near it’s true value?
Question 3. Via Twitter
Question 4. Anders B: If you don’t hold it, you don’t own it”. Would that also apply to physical gold and silver hold in e.g. BullionVault, GoldSilver or GoldMoney, or do you foresee a risk of ownership if we have a market meltdown or a global financial system reset?
Question 5. Arther L: In case of hyperinflation of the dollar, would Euro follows or is it less exposed to the global financial derivatives shenanigans?
Bix Weir:
ALERT! Silver & Gold Manipulators Are TRAPPED!!
Criminals on Parade!! The Criminal Metal Exchange known as the COMEX (aka "CRIMEX!") is trying to change the delivery rules for gold (and silver!) because they rigged the price TOO LOW and CAN'T FILL DELIVERY REQUESTS come the end of the month!