Zig’s Place Chat Room Discussion and News Fri PM 2-26-21

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

Sheila  Dinar Investor (Jeff) -- 2/25 (2021) -- Rate Changes / Fiscal Years -- https://www.youtube.com/watch?v=Eg0NSnNComc

Sheila  Nicks Intel, 02-26-2021 -- https://nicksintel.wordpress.com/2021/02/26/02-26-2021-update/

sheila   Cannot explain why I like to read Nicks Intel. Guessing it's because I believe this is about something more than one currency being revalued.

Zig   sheila : So you think there will be some sort of "GCR" i.e. a "Global Currency Reset"...that guy "Abe," who is on PTR calls, claims that there will be a GCR and that he has inside information...is in meetings, etc....of course he has been saying that for a long time as have others....

Sheila  Zig Question first. Do you think, believe, feel, know, if more currencies in addition to the Dinar will be revalued or reset?

Zig  sheila : I have no idea...seems unlikely but what do I know...lol

Sheila  Zig And think about this point of reference. Whenever any currency resets or revalues, for whatever reason/s, it is a global update.

Zig  I sit and wait like everyone else...

Sheila  Zig So if it is just the Dinar, it will still be a global currency revaluation/reset. FOREX

Sheila   Zig And since all wars are banker's wars, it would stand to reason, other countries might want to get in on the revaluation and reset their currency based on updated inventory of resources. Metals, oil, gas, rare earth minerals, etc... And it would stand to reason that many countries with these updated resource inventories would want to sit at the adults table. So this perfect storm would be a GCR?

Zig   I have no clue...many people think that all that GCR stuff is nonsense...I have an open mind but seems kind of far fetched to me...Waiting for "anything" at this point....lol

Sheila  Zig Am only speaking from currency standpoint. All the other stuff remains to be seen.

Sheila  @Zig Keep going back to this famous quote: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson

Sheila  Dinar Investor (Jeff) - 2/25 (2021) -- IRAQ 2021 Budget (2:37) - https://www.youtube.com/watch?v=G6MowJ-vGKw

Sheila  A little music while we wait: "Straight to the Bank" by Bill Summers and Summers Heat 1978 (7:29) -- https://www.youtube.com/watch?v=iN5sRCzP8vs

Butterfly  MP Ghaleb Mohammed survives an assassination attempt

https://shafaq.com/en/Kurdistan/MP-Ghaleb-Mohammed-survives-an-assassination-attempt

butterfly  2021-02-26 12:25   Shafaq News / A security source in al-Sulaymaniyah Governorate stated that MP Ghaleb Mohammed had been subjected to an assassination attempt, while the Kurdish Gorran Movement confirmed that one of its members had been attacked.

The source informed Shafaq News Agency that Mohammed was stabbed with a knife in front of his home in al-Sulaymaniyah today, and his condition is critical.

Meanwhile, Gorran Parliamentary Bloc said in a statement, "after several threats against the Gorran bloc in the Iraqi parliament, and after information from the federal government security agencies, especially the National Intelligence Service, about assassination attempts against us, we notified the presidencies and other security agencies."

The statement added, "as the cowards and the tails of corrupt parties usually do, treacherous, sinful hands this evening Friday, February 26, 2021, attacked MP Dr. Ghaleb Muhammad Ali with white weapons near his house, causing several injuries and wounds, especially in the face and head," indicating, "he is currently in the intensive care unit."

MP of Al-Amal Alliance, Sarkut Shamsuddine, told Shafaq News agency that Muhammad's condition is currently stable, adding, "We accuse no one, but we will respond after discussing the situation with our colleagues.

butterfly  Iraq shall retain high oil exports, Oil Minister says

https://shafaq.com/en/Economy/Iraq-shall-retain-high-oil-exports-Oil-Minister-says

butterfly  2021-02-25 04:50   Shafaq News/ Iraq can conserve its crude oil export capacity, the Iraqi Minister of Oil said today, Thursday.

The Minister, Ihsan Abdul-Jabbar, said in a statement to Shafaq News Agency, "many countries started reducing or casting away reliance on fossil oil because of its low economic feasibility," indicating, "gas and fossil oil will abundant in Iraq in the coming periods."

"Oil demand will drop with the diminishing production capacities of other countries. However, Iraq and some other countries will retain this ability because we have plenty of low-cost oil."

He continued, "this spurs us to invest in the highly-demanded low-cost oil and abandon high-cost fields."

"However, this does not mean we can maintain high reliance on oil revenues to fund the state's budget," he explained, "for instance, a 2.5% population growth means another million citizens, which corresponds to a 7% rise in power requirements. Therefore, it is unreasonable to rely solely on oil. We must seek other resources, like investing in petrochemicals."

Iraqi lawmakers, on November 12, 2020, passed an emergency spending bill to allow the cash-strapped government to borrow as the economy reels from low oil prices.

Butterfly   Dollar exchange rates in Iraq

https://shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-4-0

butterfly  2021-02-25 01:48  Shafaq News / The dollar exchange rates stabilized today Thursday (February 25, 2021) in the Iraqi market.

• The Kifah Stock Exchange recorded 145,350 dinars, for $ 100.

• Al-Harthiya Stock Exchange recorded 145,350 dinars, for $ 100.

In Baghdad

Selling prices in the banking stores in the local markets

•Sale price: 145,750 dinars for $ 100

•Purchase price: 144,750 dinars for $ 100

In Erbil

Selling prices in the banking stores in the local markets

•Sale price: 145,500 dinars for $ 100

•Purchase price: 145,000 dinars for $ 100

butterfly  CBI sales rose by 21% in the Foreign Currency Auction

https://shafaq.com/en/Economy/CBI-sales-rose-by-21-in-the-Foreign-Currency-Auction  

butterfly  2021-02-25 04:23   Shafaq News/ The Central Bank of Iraq sales of Foreign currency jumped on Thursday by 21%.

Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction increased by 21% to reach 155,984,000 dollars at a cut-off price of 1460 dinars, compared to 127,948,527 dollars on Wednesday.

Our correspondent explained that no cash deals were made, while all the sales went to boost funds abroad in the form of transfers and credits, with 22 banks meeting those requests.

Butterfly    An American-Egyptian mission recently uncovered an ancient brewery that paints a vivid picture of beer in ancient Egyptian life.

Interesting: https://www.al-monitor.com/pulse/originals/2021/02/egypt-archaeology-discovery-beer-brewery-pharaos-tourism.html

butterfly  Baghdad Firm to import US Cosmetics

https://www.iraq-businessnews.com/2021/02/25/baghdad-firm-to-import-us-cosmetics/

butterfly  AA for Global Trading and Commercial Agencies has been appointed exclusive agent and distributor in Iraq for the American E.T. Browne Drug Company.

The Baghdad-based company says it has already started importing, marketing and distributing skin care, beauty and hair products of one of the company's top brands, Palmer's.

butterfly  The value of ‘digital gold’: What is bitcoin actually worth? Will investing in cryptocurrencies make you rich or just drain your digital wallet? Here’s what to know.

https://www.aljazeera.com/economy/2021/2/26/the-value-of-digital-gold-what-is-bitcoin-actually-worth

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Zig   Welcome  ...This chat room was established in Aug. 2020...The main purpose was to discuss the Dinar, Iraq, and related matters...however, any topic may be introduced for discussion...Please be civil and no "Name-Calling" please...Thanks.....MEMBERSHIP...REGISTERING: Register a username by clicking on "name" in the message box below...choose your username and then hit enter or click on the arrow at top right...pick a password, etc...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right... PM: Private Messaging only between members and admins... OUR STAFF: Founder: Zig... Admins: sheila... Chief Newshound: butterfly ... :coffee:

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