TNT, Dave Janda and More Sunday Morning 3-29-2020
TNT:
Eccle519: I 'm thinking the Dinar is going to add liquidity to the new world financial system because the current one is imploding
Eccle519: Trillions are being printed world wide from all Central banks just before bankruptcy...the dinar cannot be fiat or it will go down with the ship…I believe this is why it has taken so long for the Dinar...not oil, not PM and Gov, not Iran, not CBI
Eccle519: Why were 57 trillion Dinars printed and only about 5% are in Iraq? The US has 30 trillion? So connect the dots, it's not hard to see what's going on…The Plan For Iraq (written be DC guy and others during Bush admin) was delayed during the last Administration...here we go!
Eccle519: It has taken so long but (imo) it's on now as the Fed was just Nationalized into the Treasury...Trump is now the Fed Chairmen! Things are going to get so done now…All other Central banks are following suit.
Ify: what source posted this Fed information?
Eccle519: It's in the news ify...if I run across a link I'll post it but I heard it today. This National State of Emergency is allowing many powers to Prez…Possibly during the rebound of the economy the Dinar will play a big part along with (Digital dollars which was written in the relief pkg and taken out at the last minute)
Red: Tish do you have an article for this information??? Joe M @StormIsUponUs · Mar 27, 2020 Patriots have bankrupted the Federal Reserve and absorbed its function into the United States Treasury! The cause of all wars, famine and economic collapse for the past 100 years has been dissolved, and the people have RECLAIMED the money system. CONGRATULATIONS HUMANITY!
Tishwash: Iraq has $70bn in reserves to keep economy afloat for 6 months to a year: MP
ERBIL, Kurdistan Region – Baghdad can weather the economic impact of coronavirus and the collapse of world oil prices for six months to a year by dipping into foreign reserves worth $70 billion, a member of the Iraqi parliament’s finance committee told Rudaw.
Even if the ongoing political deadlock in Baghdad is resolved and MPs pass the delayed 2020 budget, Iraq’s coffers are steadily being emptied by the coronavirus lockdown and a plunge in the price of oil – the government’s primary source of income.
Sherwan Mirza, a Kurdish lawmaker and a member of the Iraqi parliament’s finance committee, told Rudaw on Saturday the country will weather the storm by dipping into its substantial foreign reserves.
“In cases of emergency, Iraq will resort to its reserves available at the Central Bank amounting to $70 billion,” Mirza said.
World oil prices fell below $30 per barrel last week as a result of a standoff between rival producers Saudi Arabia and Russia.
At least 90 percent of Iraq’s federal funds come from oil sales. Analysts warn the ongoing political deadlock in Baghdad is anchoring Iraq to the spot when it ought to be preparing for rough economic seas ahead.
“Iraq is able to bear the situation for around six months to one year to pay its civil servants and fund other sectors,” Mirza said.
“Iraq is experiencing a bad economic situation. And if the situation continues, it will get worse. Around 93 percent of Iraq’s revenues come from oil sales.”
Borrowing might be Iraq’s best chance of navigating these challenges, Mirza said.
“Borrow money internally and externally to prepare to respond to the coronavirus threat on one hand, the fight against extremist groups such as Daesh [the Islamic State], which still maintains a presence, on the other, if the oil price continue to drop,” he said. link
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By Request: Yesterdays post:
Merging the Fed and the Treasury Into One Organization 3-28-2020 LINK
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Courtesy of Dinar Guru
Pimpy ...Vietnam dong is looking pretty good...we don't talk about it that often because the Vietnam dong situation is much different than what's going on in Iraq. Over in Vietnam their economy continues to grow and its grown at a pretty fast rate. This is in spite of the coronavirus...Vietnam is going to have a hard time trying to keep the rate that they're at now. They're gonna be forced to change and for more reason than one...the Vietnam dong is gaining against the US dollar. This is what we want. In addition we know April 6 there are some new penalties for those people who are still violating and manipulating their currency...
Jeff ...Let's say Iraq were to change the rate on Sunday April 12th. Those two email correspondences from those brokerage firms [Reference Guru Jeff's post on 3-27-2020] state they would reopen on Sunday the 12th. Let's say the rate were to change on the 12th. "The trading floor is currency open 6 hours a week Sunday, Tuesday and Thursday from 10am to 12 noon." ...if the rate were to change on Sunday it doesn't matter if the ISX reopens for business because the fact that they don't even start trading until 10am Sunday morning. That would be after the rate change. My point is if the rate were to change on Sunday the 12th the rate would change while the ISX is still closed...
3-27-2020 Jeff ...this is a brokerage firm [Al Karmal]... they're affiliated with the ISX stock trading. They received a correspondent from the main government of Iraq...Quote "The trading session will be held on 12th April 2020 as the ISX announcement today"...the bottom sentence says the trading session will be held on April 12th...There's another securities company that said the same thing. It's an official announcement from another securities company - Rabee Securities...Quote "...the next trading session will resume on April 12th"...this is two official email releases. Two stock traders...one brokerage. One securities...that's huge. Remember the U.S. did not stop trading stocks within the U.S. Not one other country has stopped electronic trading due to coronavirus yet Iraq has...Iraq's economy to reopen exactly on the same time frame that Donald Trump has. Trump has Iraq's economy timed with our economy...I have now confirmed to you with solid factual proof that all of the [Iraq's] financial markets are going to be closed for a period of 4 weeks...the longest I've ever seen their ISX shut down in 11 years is no more than a week...this is huge confirming news...
From Recaps Archives
Dave Janda - President Trump to Oversee US Bankruptcy
Nov 26, 2018
Discussed in this interview:
04:08 Relationship between Big Government & Big Business.
09:40 Doctors are burning out at record numbers.
13:25 The US is becoming more fascist?
14:21 Socialist when government gets involved in healthcare?
15:01 US debt is unsolvable.
19:53 Trump to oversee bankruptcy of the US
23:25 Is the next market crash imminent?