Inflation, Debt, and the Dollar's Fate: Peter Schiff's Economic Forecast

Wealthion:  3-20-2024

The Debt Crisis and Its Implications: Peter Schiff  discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.

 He delves into the reasons behind this increase, highlighting the role of deficit spending and the Federal Reserve's actions in keeping interest rates artificially low.

Schiff expresses concern over the sustainability of this debt accumulation and forecasts a looming financial crisis that could result from the inability to manage this debt effectively.

Inflation and Monetary Policy: The conversation covers the topic of inflation in detail, with Schiff criticizing the Federal Reserve's policies, particularly the lowering of interest rates and quantitative easing.

KTFA:

Frank26:  "SALVATION FOR THE BANKS OF IRAQ IS... THE NEW EXCHANGE RATE"......F26

The upcoming meeting between Baghdad and Washington... hopes for quick solutions to save the banking sector from collapse

3/24/2024   Samir Al-Nusair

The White House announced that the anticipated and important visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America and the meeting with the American administration has been set for next April 15.

Makes it very important, in this critical and complex stage that Iraq is going through, that the agenda include meetings and negotiations with the leaders of the American administration, the Treasury Department, and the Federal Reserve, to determine the next and clear paths for bilateral economic relations between the two friendly countries, which have broad relations in all fields and the topics of the visit?

TNT:

Tishwash:  Sulaymaniyah...a paralyzed life "in work and money" and 20 additional departments will join the strike tomorrow - urgent

 Today, Sunday (March 24, 2024), 21 government departments went on strike due to the delay in disbursing employees’ salaries in Kurdistan for the month of February.

The streets of Sulaymaniyah witnessed a complete absence of traffic police, causing problems at a number of major intersections, especially those without a traffic light.

Tomorrow, the strike will expand to include more than 40 districts in Sulaymaniyah, Halabja, Rania, Garmian, Qalaat Diza, Sayyid Sadiq, Darbandikhan and other areas.

Dana Zangana, a member of the Protest Committee in Sulaymaniyah, said in an interview with “Baghdad Today” that, “Tomorrow, educational staff, lecturers, and employees will demonstrate, and the strike will continue, and the demonstration may turn into an open sit-in.”

KTFA:

Godson:  Imo.. all I know is First quarter is all most over..

Clare:  Parliament Finance confirms the increase in the size of the 2024 budget.. What are the reasons for delaying its sending?

3/23/2024 Baghdad

Today, Saturday, the Parliamentary Finance Committee confirmed that the size of the federal budget had risen to 207 trillion dinars, explaining the reasons for the delay in the general federal budget schedules reaching the House of Representatives for approval.

Moeen Al-Kazemi, a member of the Parliamentary Finance Committee, commented on the issue by saying that the delay occurred with the Prime Minister’s Office or by the Office of the Council of Advisors.