News, Rumors and Opinions Wednesday Morning 10-28-2020
TNT:
Tishwash: peer to peer payments like we can do?
The central bank enables direct transfer of funds between electronic cards
The Central Bank of Iraq announced, on Wednesday, the availability of the direct transfer of funds between electronic cards.
A statement issued by the Central Bank, the Euphrates News Agency received a copy of it, stated that "seeking to implement its strategy in the transformation towards electronic payment, the Central Bank of Iraq confirms the adoption of electronic card-issuing banks and electronic payment service providers, the financial transfer service between electronic cards (from card to card). Other)
The statement emphasized that the one-time transfer ceiling does not exceed 400 thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars. link
Tishwash: Baghdad Chamber Of Commerce Calls For Creating An Attractive Environment For International Investments
Vice-Baghdad Chamber of Commerce Hikmat Dakkak called for "the necessity of joining forces with the aim of creating an attractive environment for international investment efforts that contribute to addressing many of the problems that confused the reality of the national economy, advancing the productive sectors and achieving a diversity of resources."
Dakkak added that "Iraq has many natural resources distributed among the different regions of the country that can achieve real diversification of revenues and create a sustainable economy through a set of projects that can be established in the industrial and agricultural sectors that achieve integration in economic fields."
Local market
He pointed to "the possibility of investing all the minerals scattered in the various regions of the country, by the qualitative local and international investment effort to serve the local and international market," noting that "Iraq, with its public and private sectors, has been able to succeed in the cement industry that now covers the needs of the local market and can go to Exporting the surplus to the
region’s markets .
Industrial reality
He explained that “the industrial sector is the most important tributary of the economy, and we have successful industrial experiences that can be employed to serve the industrial reality, as there are 73 government factories that are idle and have obligations towards a large number of employees, and modernizing the industrial system for the private sector is inevitable after the obsolescence of its laboratories. The global industrial sector has developed a lot and technology has become an effective role in promoting the industrial sector and the quality production adopted by major global economies.
Specialized companies
Al-Dakkak warned that “specialized and large companies with international resonance within the global labor market have a great desire to enter Iraq, which is crossed by a renewed job opportunity, which requires us to work towards creating the appropriate environment to attract such an effort that left a positive echo on the reality of the national economy by moving it to a stage New, more developed and moving the country to its true place among the world economies. link
*****************
Courtesy of Dinar Guru
Footforward [...$4.56/$1.00 US] that's in a ball park of what I'd be looking for.
Frank26 There are 4 banks. This is my opinion...the #1 bank is Bank of America. Turns out they sold the Iraqi dinar wholesale to the next bank in the chain of command. That was JP Morgan Chase. Then they sold it retail. How many of you bought your dinars from JP Morgan Bank? ...Then there was a 3rd bank - Wells Fargo...they were supposed to exchange the dinar for you. They were going to make a 'mint'...then there was a 4th bank - CitiBank. They were linked internationally with Iraqi banks...they are the bride that's going to bring the currency back and forth at an International level...
Hidden Enemy Within The Gates Crushing The Working Class, They Won't Allow A Gold Standard Willingly
Silver Report Uncut: Oct 27, 2020
We need to talk about Gold and how we're going to do money moving forward because for anyone who has lived on this earth for any amount of time you would know the dollar is fading fast.
The end stages of a fiat currency can occur quickly and without much warning since financial engineers rarely forwarn their subject of economic distress.
For an example of this, we examine the recent bankruptcy of Hertz and initially it wasn't clear the extent of the economic damage so Carl Ichan moved into the stock deep to become the largest shareholder thinking He could increase His ownership during the drop in prices.
Then the rental car giant filed for bankruptcy and He sold His entire position at significant losses since that was before the Robinhooders began to jump on the company after the bankruptcy announcement.
They will not allow a gold standard willingly is the second subject since we're discussing our failed fiat monetary experiment.
A gold standard would be much more equal playing field for average Americans since the elite would no longer be able to profit off of being close to the money printer.
This is what makes this such a hard problem to solve though it seems the solution is clear, those in charge of the decision are personally getting rich from the teet of the Federal reserve system and thus will never bite the hand that feeds them no matter how wide the divide between the haves and have nots.
A gold standard is the answer and if we never left a $20 bill would have the purchasing power closer to $1,907 in today's dollars.
But they don't care about the economy at all or the American consumers since inflation is not a happy subject for most Americans.