TNT, FootForward, Lynette Zang and more Friday Morning 11-13-2020
TNT:
Annie68: Good morning!! Friday the 13th...May it be our luckiest day ever!!
DaisyJo: Can anyone say what’s so exciting?
Dinara: It will be whether Irainian Rial will go this basket depending on the sanctions imo..It might not!
Red: I think the U.S. Treasury will hold their currency up until they come into line with the plan…I also think it will Rv along with the other 6 currencies in the first basket….we will get our funds
Red: the US govt will put the Rial in a non intrest bearing account and hold it till they prove they are ready to comply…the US govt will put the Rial in a non-interest bearing account , wink wink
Bashful: Red US govt will put my Rial in a non-interest bearing account? explain please!
Red: bashful ok, let me try. Since the Rial is in the first basked we (currency holders) would all exchange and get paid, I think the Feds would in turn hold back all of Iran's money and only release it to them when they (Iran ) submits to the global expectations of them no longer being a threat to peace in the normal world. Meanwhile the USA would hold Iran's currency in a non-interest bearing account. wink wink...
Dinara: Why would the government put my Iranian Rial in a non-interest bearing account? For revalue later?
Red: Dinara. I stated that we would exchange and GET PAID, only the Feds would wait...
Tishwash: Representative Finance: We are working to provide an integrated vision to address the economic and financial deterioration
The Finance Committee in the House of Representatives announced that it is working on providing an integrated vision for developing quick and realistic solutions to address the economic and financial deterioration in the country.
A statement of the committee stated that the Al Furat News Agency received a copy, "Despite the great effort made by the Parliamentary Finance Committee to reduce the government spending gap from 41 to 12 trillion dinars in the deficit financing law that was recently approved, we renew our objection to continuing to pursue an alternative borrowing policy.
On finding real and effective ways and reforms to increase revenues and reduce expenditures, and what prompted us to accept this limit of borrowing is people's livelihood and their strength in terms of salaries, grants, subsidies, medicine, support for farmers, provincial projects and other expenditures that we believe are of utmost importance and which are inevitable to accept.
He added, "While this law included some applicable legal texts, which we believe may be the beginning of reforming some financial institutions and movements in the short term, we are working on providing an integrated vision to develop quick and realistic solutions to address the economic and financial deterioration that the Iraqi state suffers from." .
The Finance Committee called on "the government, with its various ministries and institutions, to adopt a policy that adopts economic feasibility as an attempt to achieve self-sufficiency, albeit partially, especially with regard to production or service ministries, and that it does not always make us face two options, either accepting the policy of borrowing or cutting off the livelihood of people from our great people link
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Courtesy of Dinar Guru
Footforward [yes borrowing law passed at a late meeting last night!] it did pass...If the new rate is in there, they hid it well. None of my people can find it. It's also possible it's in another piece of legislation that has a date inside of it to be triggered at a later date.
JJimmyJJ [New Guru ] Article: "In a session held at dawn...Parliament approves a bill to finance "fiscal deficit" What could possibly be so urgent in IRAQ that they worked all day and then held a dawn session to pass it? That's something I've never seen before. This is the mother of all pattern breakers, IMO.
Controversial nominee Judy Shelton to pass Senate next week
By Alexander Bolton - 11/12/20
Judy Shelton, controversial nominee to the Federal Reserve, will receive a vote on the Senate floor next week and is expected to pass.
Sen. Lisa Murkowski (R-Alaska), a key swing vote, announced Thursday that she had decided to support Shelton after speaking with her.
Her support appears enough to get Shelton through the Senate, where Republicans control 53 seats. Every Democrat is expected to vote against her.
“I’ve had an opportunity to talk to Judy Shelton and I’m going to be supporting her,” Murkowski told reporters Thursday afternoon.
Moments later, Senate Majority Leader Mitch McConnell (R-Ky.) filed for cloture on Shelton’s nomination, setting up a vote in the middle of next week.
A Senate Republican who was briefed by the leadership said Shelton has enough votes to pass.
“She’s coming to the floor and I was told today that we have the votes,” said the lawmaker.
Shelton’s nomination appeared dead in the water when Republican leaders decided not to bring her up for a vote before the election. She ran into bipartisan opposition earlier this year over her past support for returning to the gold standard and using inflation as a tool to make U.S. exports more competitive.
Sen. Pat Toomey (R-Pa.), the incoming chairman of the Banking Committee, only agreed to vote for Shelton after she pledged in writing that she “would not advocate for the devaluation of U.S. currency” and agreed the Federal Reserve does not have authority to use monetary policy to devalue the dollar.
She also told Toomey in writing that it would not be appropriate for the Federal Reserve to react directly to the foreign exchange behavior of other countries.
Two other Republicans on the Banking Committee, Sens. Richard Shelby (R-Ala.) and John Kennedy (R-La.) expressed reluctance about voting for Shelton but eventually came around.
National Economic Council Director Larry Kudlow was Shelton’s biggest champion, according to Senate aides familiar with her nomination.
Read Full post here: https://thehill.com/homenews/senate/525737-controversial-trump-nominee-judy-shelton-to-pass-senate-next-week
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Lybette Zang:
Stocks & Real Estate
Streamed live 15 hours ago
With unprecedented amounts of fake money being printed into the most inflated US Economy we've ever seen, everyone wants to know how to best position themselves for what's to come...
And as you know, there are many pieces to this Jenga Economy...and there are now massive bubbles in almost every market.
So in today's video Lynette uncovers Part 1 of a Financial Stability Report, which will give you the real insight of what's happening behind the scenes of Stocks and Real Estate (two of the biggest bubbles in existence).