TNT, X22, The Atlantis Report and More Sunday PM 3-21-2021
TNT:
Pearle: Anything to share…..did they pass the budget
JCNoble: Pearle the can got kicked down the road again, currently scheduled for Saturday
RVAlready: They apparently moved the vote to next Saturday. I could hope it actually happens before then.
Ivantulafitov: April and September historical months for revalue so there's that…. Guessing they will put of vote until last second possible to negotiate ... it's what they do
Yada: Because a new fiscal year starts 4-1-21, this will be done by then.
CaliforniaSugar: Yada, I pray that the rate is changed this April. I had full confidence that our ride would be over. However, the articles that came out today are discouraging. The CBI, which usually does not play politics (lie to the public), stated that the current rate of 1460 is good for the country, and should not change.
Yada: Most articles are like opinions, every one they interview has an opinion. The White Papers is what they are following and it requires the to increase the rate so they can finance the reforms for the country and people
CaliforniaSugar: Yada, thank you for that reminder! I keep telling myself that the govt employees just agreed to a huge pay cut and that the citizens will burn down the entire country if the rate is not changed, as promised! Thanks again. You are always so level headed
Courtesy of Dinar Guru
Jeff Back in 1973 the value of the dinar against the dollar was $3.37...Iraq is the wealthiest country in the world...Iraq's worth more money than Kuwait...[The reason] Kuwait has the highest value currency in the world is when they changed their rate they unpegged their currency from the US dollar and re-pegged to the highest valued currency assortment basket...it's called the KUNA basket...the value of their currency against the US dollar is approximately $3.28. Iraq has more minerals in their soil. They've got gold, lithium, diamonds, natural gas. They're the wealthiest country in the world. There's a very good chance that when the rate changes Iraq could...do what Kuwait did and unpeg from the US dollar and peg to that same currency assortment basket called the KUNA the highest valued basket in the world...
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Sunday Night X22 Financial Report
Ep. 2432a - Do Understand What Is Happening With The Economy, People Must Be Shown
March 21, 2021
Companies are now scrambling and moving out of states that are proposing higher tax rate. The patriots need to show the people the difference between a system that devalues it's currency compared to a system that retains its value.
The Atlantis Report
We Are Entered The Lost Decade of The Greatest Economic Crisis In History
Premiered 43 minutes ago
We Are Entering The Lost Decade - The Greatest Economic Crisis In History Our economy is never going to fully recover. The main reason for a long slog back to economic growth is our debt levels.
Debt to GDP is unprecedented at all levels, consumer, corporate, and sovereign. Low-interest rates are not enough to compensate for current debt levels and will result in an extended wave of defaults. Our consumers, our government, Our corporations have all spent their futures away when they went deeper and deeper into Debt.
The one and the only thing we are going to see going up steadily in the months and years ahead are corporate and consumer bankruptcies. Delayed openings. Concerts, tourism, and sports a no-go this summer. International tourism will grind to a halt. Airlines, hotels, cruise ships. Civil unrest. Political instability.
The pain has not even begun, nor has the asset price crash. No economic recovery means that the Fed will print 10s of trillions more in order to pump up stock prices.
The mistake is that the market is not the economy. The rest of 2021 is toast. And if cases continue, 2022 will be a tepid year on a depression level with 20% plus unemployment.
Commercial real estate defaults on a scale that will make the housing crises look like a picnic. Mall closures. Declining tax revenues for local schools and governments. Furloughs of government employees from the Fed, State, and Local to help balance budget shortfalls.
With this total lack of momentum, whether the ends in 2021 or 2022, it will be a terrible 2022. We may not fully recover until 2023, if ever. In the worst financial crises since the mid-19th century, it took on average, eight years for per capita GDP to return to the pre-crisis level, while the median was seven years.
Historic levels of monetary and fiscal stimulus might allow the US to fare better, but most countries don’t have the capacity to offset the economic damage from the pandemic. Which means the rebound is the beginning of a long journey out of a deep hole.
The idea that everyone who's been laid off or lost revenue is just going to all of a sudden jump right back into working full speed and spending nonstop again is complete fantasy. For many small business owners, this will spell the end of their enterprises, and those lost jobs could take years to come back as those people try to recover from the loss of their businesses.
For the full transcript go to https://financearmageddon.blogspot.com