News, Rumors and Opinons Monday Evening 3-2-2020
This is the Final Nail in The Coffin for The German Economy -- The EU facing Implosion !!
The Atlantis Report: Premiered 98 minutes ago
Germany, as an export-reliant economy, has a large exposure to China and Italy; fears grow of second-stage effects. China is for the German economy a pivotal business partner.
It is the first trading partner. That's why Germany has to fear that its exports to China.
Italy is an almost as important economic partner. The German economy, Europe's biggest, has been weakening as its export-oriented manufacturers languish in a recession.
There are fears the outbreak could sink Germany into a recession, given the economy's reliance on exports and Chinese supply chains. The drop in sales for automobiles in China, for example, was 20 percent in February.
Other industries such as the chemical industry, pharmaceutical industry, the electrical industry are all slowing down production. The German electrical industry, for example, gets 13 percent of its supply from China. The supply shock caused by closed towns and factories in China, and gradually elsewhere, will hit the export-oriented industrial machine.
And a divided and disoriented government seems incapable of making the decisions that could cushion the blow. Companies in Germany are rushing to limit the impact of the spreading , which is hitting an already weakened German economy, which has a particularly painful spot: the supply chains of its export-oriented manufacturers.
Businesses learn now how fragile the global production system really is
For the full transcript go to https://financearmageddon.blogspot.com
Courtesy of Dinar Guru
Frank26 Question How many days will it take the bank to credit our accounts at the exchange? You trade in a million dinar and it's worth a million dollars you get a million dollars credited to your bank account...electronically it's instantly...
Jeff ...remember they...play a ton of games regarding their politics in the media. So be careful how you receive that [the prime minister tentatively resigning]...Even with what's going on they still have a stable enough government to change the rate. Remember, the CBI never said they needed to have a fully completed seat of government. What the CBI said before they agree to delete the zeros they said Iraq needs to remove their corruption...the corruption is gone...I'm not worried about the formation of the government. That's why I don't put a huge emphasis on it...
Jeff Article "Delaying the approval of the 2020 budget will lead to economic stagnation and harm the people". Quote - "It is the budget of the patient Iraqi people." Do you know why it's the budget of the people? It's actually never been the budget of the people before but it is now because this is the budget that has everything in it that's post rate change that is for the people. The reforms. The reconstruction...This is the first budget that's going to rebuild their entire country. That's going to give them a better life...
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KTFA:
Samson: A senior Iranian official has died of HIV
2nd March, 2020
Iran announced the death of (Muhammad Mir Mohammadi), a member of the Expediency Council in the Islamic Republic, as a result of being infected with the Corona virus.
"{Mohammadi} has been transferred to Masih Danashvari hospital in the past few days," according to the Iranian News Agency (IRNA).
The Iranian official represented the Department of {Qom} in the sixth and seventh sessions of the Islamic Consultative Assembly and was appointed as a member of the Expediency Council, since August 19. LINK
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The "Hidden Secrets of Money" series by Mike Maloney
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The Money Illusion - Hidden Secrets Of Money Episode 7 - Mike Maloney https://youtu.be/P4_1pwsm5LY?t=1
From Bitcoin To Hedera Hashgraph (Documentary) Hidden Secrets Of Money Episode 8 https://youtu.be/SF362xxcfdk?t=1
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