TNT, X22, SRU and more Monday Night 11-30-2020
TNT:
Tishwash: Economist: floating the currency will lead Iraq to 4 negatives at the same time
The economic expert, Rasim al-Akidi, identified 4 negatives that would arise at the same time if the Iraqi government went to float the .dollar
Al-Aqidi said in an interview with (Baghdad Today), "The float of the dollar, or what is known as the liberalization of the exchange rate, takes place through two methods, the first is pure or free, and the second is the controlled or controlled method, and in both cases the price of the dollar will rise against the Iraqi dinar and will lead to the withdrawal of a large amount of the monetary block." in the ."markets
He added, "Withdrawing a large cash block is offset by 4 drawbacks at the same time, and the affected will be large segments, including the increase in prices in the markets in addition to the factories’ reluctance to produce because the value of profits will decrease in front of costs in addition to the absorption of per capita income and the increase in rental prices, so the interest will be " .limited by analogy.
Other damages Al-Aqidi pointed out that "Iraq needs an economic rescue plan that starts from maximizing non-oil revenues, which are many, and removing influential parties from them because a large part of the financial resources does not go to the state treasury, and this is part ".of the causes of the current financial crisis in the country Economists' opinions differed on the "floating of the dinar" in front of the dollar exchange to face the deficit crisis that the financial .budget suffers from One party believes that the measure will serve the Iraqi economy in the medium term by activating the sectors of industry and .agriculture, but another party believes that it will eliminate the poor and middle classes
The Central Bank of Iraq rejected the idea of "floating the dinar" during the next stage to increase government revenues and be able to .pay employees' salaries during the coming days, citing its fear of increasing prices and harming the vulnerable classes The estimated budget for 2020 suffers from a large deficit of 50 trillion dinars. Observers expected the deficit to rise with the oil market .losing about 50% of its prices
Central Bank Governor Ali Al-Alaq said, in a study published on the Central Bank's website, that "the devaluation of the Iraqi currency stems from an attempt to reduce the budget deficit due to growing expenditures at unprecedented rates. This reduction will have adverse and negative effects that may lead to deflation due to the inflationary pressures that result from the rise." Prices of imported .materials and goods in light of the weakness of institutions and the general turmoil
Al-Alaq added that "Iraq's exports are limited to crude oil, and therefore the devaluation does not affect its exports, nor does a significant additional value materialize," noting that "Iraq's local industry is weak and unable to compensate for imports."
He revealed that the number of employees, retirees, and those covered by social care reach 6 million, and that they will be negatively affected by .this measure
The governor of the Central Bank of Iraq confirmed that "the external debt of Iraq will rise after the devaluation of the currency, as the ".amount of 5.9 trillion dinars will become 7.1 trillion dinars, while the domestic debt remains unchanged
The devaluation of the currency will undermine confidence in the national currency as a result of the absence of reforms and general" instability, and the demand for the dollar will increase, as well as the weak demand for deposits in local currency and conversion to .foreign currency," Al-Alaq added
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Courtesy of Dinar Guru
Breitling ...Here's the bigger picture...remember Iraq under George Bush Jr. said they wanted to create a new currency [Iraqi dinar] that would be used as a foreign currency reserve in other countries...they'll want to get it to the $3.25 range and they'll want to get it so that it's going to be a foreign reserve currency for other countries...that was their original plan...What's the prediction? ...My prediction is they are going to revalue. My prediction is under Biden it's one plan and under Trump it's a different plan...
Jeff History is repeating itself right now. Iraq is walking in Kuwait's footsteps. You are going to see a lot of things repeating itself as Iraq moves forward...Kuwait changed their rate on Sunday March 24th 1991...
Monday Night X22 reports:
The [CB]/MSM Begin Laying The Reset Narrative, Bait Taken-- Ep 2341a
The [DS]/[CB]/MSM begin pushing the reset narrative. They are now blaming the pandemic, the [CB] needs to do more before the system implodes. They have fallen right into the trap, as their system implodes the US will be doing the opposite. Sometimes you must show the people to make them understand.
https://x22report.com/aiovg_videos/ep-2341a-the-cb-msm-begin-laying-the-reset-narrative-bait-taken/
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A Deep Dark World Is Being Exposed, Public Awareness Kills All Protections – Ep. 2341a
The [DS]/MSM are now panicking, they pushing to confirm [JB] cabinet, they know that this is not going to end well. The deep dark world is being exposed, once the public knows all protections are removed. The evidence is now being brought out into the light and the people are starting realize that there is something wrong with the election results. Messages sent and received. Tick tock, time is ticking down.
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The Majority Of Young Adults Living At Home With Their Parents, Far Exceeding The Great Depression
Silver Report Uncut: Nov 30, 2020
The majority of young people are living at home with their parents for the first time in American history.
A huge trend that happened in America during the Great Depression was multi-generational living arrangments which is interesting because the younger generations of Adults meaning Millenials and Generation Z are the highest credentialed generations in American History and it shows how much the value of a college education has declined despite the sharp price increases almost yearly now.
52% of young adults in America are living at home with their parents which is actually a new record and when considering during the great depression which had 48% of US adults living with their parents the population then was much smaller so in terms of total volume there has never been this many American adults living with their parents.
Overall it also shows the degrading job prospects and lack of an actual recovery since the great recession.