TNT, Bix Weir, X22 Report Spotlight and more....Saturday AM 6-20-2020
TNT
Tishwash: Tehran: Iraq pays Iran's dues in dinar
The head of the Iranian-Iraqi Chamber of Commerce Yahya Al-Ishaq announced that, according to a bilateral understanding, Baghdad will pay Tehran’s dues in the Iraqi dinar.
Al-Ishaq said that the two sides agreed to pay Tehran’s dues in various currencies, especially the dinar, and that the Iraqi side expressed full preparedness in this aspect.
He pointed out that Iran's exports to this neighboring country ranged between 8 to 12 billion dollars annually, part of which belongs to the Ministry of Energy, and although oil makes up the majority of Iraqi exports and is denominated in dollars, America has imposed restrictions on Iraq with regard to dollar transfers.
The Ishaq family, however, added that the Iraqi dinar is not among the international currencies that can be bought anywhere, in exchange, foreign currency must be provided for Iran's import of basic commodities, especially medical medicines.
He indicated that the dinar currency will be granted to activists who can import basic commodities such as medicines and raw materials into the country, as licenses will be given to financial institutions, money changers and activists who can convert the dinar and replace it with other currencies to cover imports.
He pointed out that engineering goods and services account for 90 percent of the $ 12 billion in Iranian exports to the neighboring country. link
Ivantulafitov: IQD ALL BACK ORDERED WOW> recently talked to a friend about the iqd and looked up where i originally got mine... all back ordered completely https://www.safedinar.com/buy-currency/iraqi-dinar/
Ivantulafitov: prices about double normal on ebay too
Pearle: I think it’s transportation with the iqd, with the dong, there is a spike in ordering coupled with transportation delay too. I wish and pray it’s because of the RV but time will tell….One of the dealers willing to pay 1,000& for buy back of dinar. They don’t have any to fill the orders
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Courtesy of Dinar Guru https://www.dinarguru.com/
Jeff Let's look at the facts. Iraq is putting out a crazy amount of economic articles now that they have finished the formation of the government. That's not coincidence guys. They're telling you they're close to changing the rate...if they had intentions of changing the rate in the Month of June then IMO they would have only extended Alak through the end of June. They didn't. They extended Alak through July 15th. That to me removed June from the equation and walks us into the first half of July...IMO they're keeping him in there long enough to commission and execute the rate exchange. Second. On or around July 15th you have Kazemi going to Washington. Why? For those strategic dialogue talks...those are about economic investment and long term relations between Iraq and the U.S. That's all post rate change items...IMO Kazemi is going to Washington after the rate has changed...
MilitiaMan Article: "Al-Alaq: The devaluation of the dinar should not be the first line of defense to confront the financial crisis" Quote: "...in addition to the supplies and materials imported by the government, such as oil derivatives, ration materials, etc., the net of this amount hits the new price of the dinar...” They are not talking about devaluation. They are talking valuation. WOW!! Get ready... Alak is talking on a FRIDAY!!! Whooo whoooo. imo...This is HUGE!! imo ~ ALAK talked on the holy day... think about it...
2Q Monetary Crisis Only Days Away! (Bix Weir)
Streamed live 18 hours ago
Hang on tight...every quarter end since 9/11/19 has been monetary CHAOS so it all begins NEXT WEEK!!
*There Will Be No Great Depression, Fed Restructuring Has Begun: Bob Kudla
X22 Report Spotlight: Jun 19, 2020
Todays interview is with Bob Kudla. Bob talks about the economy on how it is recovering. There will be no great depression but the market might drop a bit, but it will soon recover.
The treasury has now taken control over the fed and the restructuring has begun.
The treasury has taken control of the printing press.