Forrrest Fenn’s 5 Million Dollar Hidden Treasure -- FOUND

Forrrest Fenn’s 5 Million Dollar Hidden Treasure -- FOUND

Dinar Recaps’ Original Story Post:  September 16 2019  LINK

A treasure chest hidden in the Rocky Mountains for a decade has finally been found

By Alicia Lee, CNN  Updated 12:28 PM ET, Mon June 8, 2020

There's a Treasure Chest Worth Millions Hidden Somewhere in the Rocky Mountains. Searchers are dedicating their lives and savings to finding it

(CNN)Thousands of brave souls have ventured into the Rocky Mountains for the past decade, searching for a treasure chest filled with gold, rubies, emeralds and diamonds.

But that adventure has finally come to an end. The treasure has been found.

Forrest Fenn, the 89-year-old art and antiquities collector who created the treasure hunt, made the announcement Sunday on his website.

"It was under a canopy of stars in the lush, forested vegetation of the Rocky Mountains and had not moved from the spot where I hid it more than 10 years ago," Fenn wrote in his announcement. "I do not know the person who found it, but the poem in my book led him to the precise spot."

The treasure was found a few days ago by a man who did not want to be named, Fenn told the Santa Fe New Mexican. He noted, however, that the man was from "back East" and that he confirmed his discovery by sending Fenn a photograph of his newfound riches.

To continue reading, please go to the original article here:

https://www.cnn.com/2020/06/07/us/forrest-fenn-rocky-mountains-treasure-chest-found-trnd/index.html

Mon. Night KTFA CC Replay and MilitiaMan Tuesday AM 6-9-2020

KTFA:

Frank26:  6-8-20.....LAUNCH

This video is in Franks opinion

F26: I will talk for the first 30 minutes then our news analysts will come on. Delta is sick tonight and will not be here.

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/P6hbvzdySH

https://www.youtube.com/watch?v=nD9YP62Kb1o

Don961:  Hiring a shrinkage predicament

Tuesday 09 June 2020
Mohammed Sharif Abu Maysam

 We are facing a financial crisis caused by low oil prices, and about treatments that target the pressure of government spending, an economy that suffers from structural imbalances that limit the movement of the market in light of reliance on imports to finance domestic demand, and talk about the intention to reduce the salaries of employees - which is the privilege of the first financier of the offer Cash, after declining rates of investment budgets over the years - along with the consequences of the Corona pandemic's repercussions of the available economic activities, which withdrew to the activities of the shadow economy.

The macroeconomic landscape has become a candidate for further deflation in light of these pressing data, which means that consumption rates must decrease at the expense of the commodity supply that is flooding the markets, which filters low inflation rates within the limits of total supply and demand, above all.

Here, two opportunities may arise at the monetary level that many enthusiasts demanded to liberalize the exchange rate, claiming the fear of depleting the reserves of the central bank in the currency auction, and limiting what is said about suspicions of corruption in the money-flowing operations out of the country:

The first relates to the low demand to buy dollars Due to the low rates of cash flow to finance foreign trade, in conjunction with a decrease in the income of the middle class, which will contribute to reducing exchange rate fluctuations, and consequently the possibility of the exchange rate to remain stable or fluctuation at initially acceptable rates, when following the “managed float” method that requires central intervention accordingly To supply and demand in the parallel market, in conjunction with pressure government expenditures.

Frequently, the demand to reconsider the auction of the currency sale or stop it permanently is repeated on the tongues of politicians and observers, so that it has become among the reform steps that have been talked about the intention to apply in the current stage, and the opportunity now appears favorable if the leaks that talk about pressure of government spending in the budget Half yearly to be presented in the coming days.

The second opportunity that can be filtered from this contraction relates to the possibility of raising the interest rate, with the aim of withdrawing the chunky cash block estimated by the Central Bank at about 70 percent of the issued cash. However, in light of the deflationary pressures, this measure can redistribute the monetary mass issued by the central bank between the banking trading scene and the local markets in conjunction with the introduction of modern banking technologies and systems that reduce slack rings and encourage the public to trade online towards reducing cash circulation within the framework of applying Serious to the program of financial inclusion, which means and necessarily the exit of monetary policy from the predicament of hoarding that it has suffered over the years and the liberation from the burden of financing foreign trade, which the liberals consider responsible for the total demand in the local market.    LINK

MilitiaMan:  When they speak of liberalization of the exchange rate they are talking about going into a market economy.This is good for the public welfare. They again are pointing out the pros and cons of what they can or can not do.

We can tell by actions of late with all the educational articles in regard to exchange rates, interest rates, investment, imports, exports, secondary markets, etc. that they are leaning to the below as the end to the financial crisis and will be somewhat painful at first for local goods, but in the medium to long term they will benefit.

 All the countries that have arrived on the scene today, along with those that arrived over the last few weeks, show that they are going to have permission for their currency to be exchanged with other foreign currencies with international acceptance.

They have been very vocal about it lately and i sure like to see them pointing things out. Getting the chunky back into the system, will be beneficial in the re investment of their own country.. Very good sign..  imo ~ MM

"The exchange rate liberalisation is a major ingredient of economic liberalisation. The
exchange rate liberalization means the permission for the currency to be exchanged with foreign
currencies for economic transactions that promote the economy and economic welfare of the
general public (Adam et al., 2010). The exchange rate liberalization is the route to link the
domestic economy with the global economy in pursuit of economic benefits advocated by
principles of international economics." 

Don961:  The agricultural sector needs promising investment plans

Friday 05 June 2020   Baghdad / Al-Sabah 

  The reform paper presented by the Iraqi Institute for Economic Reform, prepared by a specialized team of economists, addressed all the problems faced by the national economy, as it stood at the agricultural sector, which is a permanent oil when it finds promising investment plans that make it a real supporter of the sustainable development process. 

A member of the paper preparation team, Kazem Al-Oqabi, said: "The agricultural sector is an important axis in the economic development process that Iraq seeks, as it suffers from weak protection measures for the agricultural product, control and control over imported agricultural products, as well as high production costs for agricultural crops." 

tax

He pointed out that «the reformist paper focused on the importance of imposing a tax on imported agricultural crops and their products provided that the tax rate is calculated on the basis of the cost of the local product inside Iraq to achieve a competitive advantage with the local agricultural sector, and the approval of the import license only to enter crops and agricultural products and prevent irregularities, and the adoption of electronic governance And the completion of the institutional linkage between the state ministries and the formations concerned with this activity to ensure that the products allowed to be entered are properly entered, as well as to stop working with the exceptions granted contrary to the laws on plant and animal wealth and not to give any other exception ».

National products

And he stressed «the necessity of obligating all government ministries and institutions that have a feeding program for their affiliates to purchase national plant and animal products, and to support farmers, farmers and investors who support the agricultural sector with oil derivatives in terms of quantity and price as well as electrical tariffs to contribute to reducing production costs, and provide full support to establish agricultural areas on Like the industrial zones, the foundations of their establishment are available through the availability of large areas and water in the country, including groundwater, as well as providing great support to farmers and farmers in providing them with greenhouses, sprinklers, watering pumps, fertilizers, pesticides, etc. at subsidized prices that are exempt when achieving abundant production and also when Export ».

Dairy products

He pointed out that «the reform paper showed the importance of providing significant support to establish feed production factories for livestock and poultry, which are a basis for making dairy products and canning meat through raising livestock, cows and poultry, and providing subsidized loans to farmers, preferably without interest and incurred by the government in exchange for the output that farmers will provide And also for investors in the field of livestock, poultry and food industries dependent on agricultural products such as packaging factories and others, up to the establishment of penalties for farmers, farmers and investors in the event that they do not use the loans for the purpose for which they were granted with a comprehensive follow-up to those projects ».

Export box

Al-Oqabi asserted that “the preparation team stopped at the importance of preventing the import of crops and agricultural products to ensure the protection of local agricultural products, which will result in expanding the production of these crops locally or by imposing large fees on crops entering the country with a high rate to encourage farmers to cultivate and emphasize the benefit of a fund law. Exporting, encouraging handicrafts, domestic and timber industries especially in the southern regions and introducing modern technologies in manufacturing and providing the necessary support for that, as well as recovering the amounts of agricultural initiative loans that deserve to be recovered before the year 2020 and recycling them to other beneficiaries, and establishing a project of agricultural complexes to market agricultural products to encourage farmers to focus in Increasing agricultural production 

By facilitating marketing, reducing its cost and encouraging food industries that depend on agricultural products such as tomato paste production factories, juices, dairy and dairy products.

Industrial projects

In another axis, the paper focused on adopting the principle of partnership between the public and private sectors in the implementation of medium and large industrial projects to establish joint-stock companies offering their shares in the Iraq Stock Exchange, and that is possible within the available laws (21) and (22) for the year 1997 as well as starting a transformation program ( 2) A public company or factory to a contribution according to Articles (35-38) of the Public Companies Law No. 22 of 1997 in the light of its success, preparing and implementing a long-term transformation program.

The reform paper also stood at the adoption of the idea of ​​the industrial dinar because it would open the door to re-exportation, which is the most important in the matter of industrial development, because without it, the money used in importing in non-Iraqi currencies, no matter how they will not be recovered and will be wasted locally, will also encourage the main global suppliers to enter into The participation of the Iraqi industrial establishments for marketing in the surrounding markets first and then global according to the need because of the real competition for international prices.  LINK

MilitiaMan:  This sure sounds good to me.. industrial Dinar?  Which is said to be the most important in the matter of industrial development is openly being talked about!!  

It will encourage global suppliers to enter into and participate in establishing surrounding markets..  Re-exportation seems to be bringing business home and not only that, but that their currency apparently will be repatriated to her shores along with other foreign currency to support her foreign reserves

It is late... I lol sleep on this one.. lol  -MM

Take Control of Your Money: What Does it Mean and How to Get Started

Take Control of Your Money: What Does it Mean and How to Get Started

By Cash For Tacos April 27, 2020

I like to say that my life changed when I took control of my money. And, more importantly, I want Cash for Tacos to help you take control of your own money and change your life as well.

But what the heck does it even mean to take control of your money? And if you don’t know, how can I inspire you to make changes? I think it’s a phrase worth taking the time to define. So let’s dive into what it means, why it’s important, and how to actually start doing it.

My Life Before I Took Control of My Money

Taking control of my money is what motivated me to start Cash for Tacos. The feeling I had once I took charge of my financial situation was nothing like I’ve ever felt before. I felt empowered and like I could accomplish things I had never dreamed of. But what did my life look and feel like before I took control of my own money?

My life looked like what I expected a “successful” life to be. I had a decent paying job, financed a nice car, went on nice vacations, and bought all the clothes and kitchen gadgets I wanted. I was making a life for myself as I thought I should be. But at the same time, I was constantly worried about whether I had enough money in my checking account to cover all of my bills.

Each month I had to get out the calculator and figure out if my paychecks would be deposited into my account in time to avoid the overdraft fees. It was a mess. I had no idea how much money I was spending each month. Money was simply flowing aimlessly in and out of my life. It was frustrating.

But then one day I finally got fed up with feeling like my money was controlling me. It was then that I started to learn about the ins and outs of my money. I focused on where exactly my money was going and how I could better utilize this valuable resource to design a life I was excited about.

With this new focus, I started putting my money to work for me; I directed where every dollar went. I purposely assigned my money to pay bills, fund a vacation, or be stashed away for retirement. And, don't worry, I didn't forget to assign some for random fun money. I no longer stressed about if I had enough money to pay my bills. And I actually started to work towards financial goals that would help me do things in my life like I never dreamed of.

Dreams such as transitioning from full-time to part-time work prior to full retirement and saving to pay cash for a campervan! I took control of my money and got it to start working for me. And boy, does it feel good.

Let’s take a look at what taking of control of your money really means and how you can do it with your money.

Taking Control of Your Money Means Knowing What You Are Spending Your Money On

How much of your money is going to your bills, your savings goals, and your wants?

When you don’t have control of your money, you simply hope that you have enough money to cover your expenses each month. And that’s not a fun place to be. Knowing exactly where your money goes each month is the starting point to take control of your finances.

 To continue reading, please go to the original article here:

https://www.cashfortacos.com/take-control-of-your-money-2/

Treasure Hunting

Treasure Hunting

By Richard Connor    June 5, 2020

Many of us have found ourselves with free time on our hands. I’ve read that folks are filling their days with shopping, baking, exercising and binge-watching TV. May I suggest another activity, one that may prove profitable?

Over the past few years, I’ve found significant amounts of money in unlikely places. These treasures often come not just with monetary benefits, but also great memories. Here are four places to look:

1. Forgotten savings bonds. I’m old enough to remember when paper savings bonds were a common gift for birthdays and holidays. Many companies also had savings bond buying programs, encouraging employees to invest and pitching it as an act of patriotism. If you signed up, the money to be invested was taken out of your paycheck.

Paper bonds were then mailed to you and you’d dutifully tuck them away for the future. I’ve been organizing my financial documents lately and I came across an envelope with a bunch of Series I savings bonds. I entered the required information in the Treasury Direct savings bond calculator and, much to my surprise, found they were worth nearly $10,000. I’ll bet many folks have old savings bonds hidden in the back of desk drawers.

2. Lost assets. Each state has unclaimed property that it holds, waiting for the owners to come forward. I haven’t checked every state, but I can attest to Pennsylvania’s efficiency. I recently found almost $1,000 in my father’s name. There were funds from an insurance company’s demutualization, an old savings account and the return of a security deposit from the Philadelphia Gas Co. Most of these were from the 1950s and 1960s. My father died in 1999, so the funds were divided between my two brothers and me.

A decade or so ago, we also found almost $17,000 in my wife’s aunt’s name. They were shares she received in 1984 from the breakup of the Bell telephone companies.

Searching for and claiming lost assets takes a little effort. You’ll want to try variations on your and your relatives’ names. I’ve seen claims with and without middle names. It helps if you know relatives’ old addresses. Be prepared to prove your right to inherit. We’ve had to supply death certificates and have our signatures notarized.

 To continue reading, please go to the original article here:

https://humbledollar.com/2020/06/treasure-hunting/

It Should Be Obvious By Now -- It Really Makes Sense To Have a Plan B

It Should Be Obvious By Now -- It Really Makes Sense To Have a Plan B

Notes From The Field By Simon Black   June 8, 2020  Bahia Beach, Puerto Rico

There are undoubtedly countless people right now who can hardly believe what they’ve been seeing over the past few months.

Global pandemic, total economic shutdown, tens of millions of jobs lost, trillions of dollars of debt and money printing, and now, social unrest, including riots and looting, brought on by yet another harrowing murder at the hands of the police.

A poll conducted by NBC News and the Wall Street Journal last week showed 80% of respondents believe the United States is spiralling out of control.

And it all happened so quickly.

We’ve been writing for years at Sovereign Man about the need to have a Plan B, consistently pointing out that this is a completely normal, rational thing to do.

A great Plan B is like an insurance policy. You hope you’ll never need to use it, but if you ever do, you’ll be really glad that you have one.

Having a Plan B is not capitulating. It’s not running away.

It’s sensible. It ensures that, no matter what happens or doesn’t happen next, you’ll be in a position of strength, regardless of what you choose to do.

If you want to march in the streets or dedicate yourself to social change, you’ll be better off with a Plan B. If you’re concerned about the policy impacts of mob rule, you’ll be better off with a Plan B.

Frankly what we’ve seen so far is potentially just a taste of what’s coming.

Just imagine how swiftly and viciously governments could react if another major outbreak of COVID-19 takes place.

Just imagine how much rage will explode in the streets depending on who wins the Presidential election in November.

And then there are other risks-- like the looming Cold War with China, spiralling deficits, etc., and we haven’t even begun to see the effects of those yet.

One key component of a Plan B is to consider-- is there at least a possibility that you might ever need to leave?

Would greater social unrest, economic upheaval, World War III, etc. prompt you to want to get out of Dodge? If so, you’ll want to have thought about that well before you start packing your bags.

So as part of a Plan B, it makes sense to have a second citizenship, or at least a second residency.

This means you’ll always have another option to live, work, invest, retire… and potentially even pass down those rights to future generations.

A Plan B also takes your finances into consideration.

Will the trillions and trillions of dollars that the Federal Reserve is pumping out cause serious damage to the dollar? Will Cold War with China compel the world to abandon the dollar as a reserve currency?

These are certainly possibilities. And that’s why gold and other real assets are also worth considering as part of a Plan B.

Retirement planning is another factor to consider; in the Land of the Free, Social Security is already set to run out of money in 2034. And as we discussed recently, post-COVID-19 estimates may accelerate the program’s cash depletion to 2029.

Therefore a tax advantaged retirement structure (like a solo-401(k) or SEP IRA) that allows you to save a LOT more money for your retirement and invest your retirement plan’s funds in a wide variety of assets-- private equity, startups, precious metals, real estate, etc.-- could be an option to explore.

There are so many other considerations-- tax planning, estate planning, family planning, asset protection… even things like homesteading or home schooling.

No two Plan Bs are the same. But the core ethos is that a Plan B makes sense, no matter what happens (or doesn’t happen) next.

There’s no downside, for example, in good tax planning that can save you money. There’s no downside in having a second passport that can provide generational benefits to your future descendants. There’s no downside in making it more difficult for people to file frivolous lawsuits against you.

Having a Plan B is like taking care of your health… it just makes sense. There’s no downside.

And, like health, it’s never too late to start.

To your freedom & prosperity, Simon Black, Founder, SovereignMan.com

https://www.sovereignman.com/trends/it-should-be-obvious-by-now-it-really-makes-sense-to-have-a-plan-b-27853/ 

Monday Night X22 Reports 6-8-2020

The MSM/D’s Economic Narrative Has Begun, Economic Countermeasures In Place - Episode 2194a

X22 Report:  Jun 8, 2020

The country is now opening up, retail, dining are opening in Massachusetts.

 NYC is now opening and 400,000 people will be returning to work.

73% of business are now open in the US .

The MSM/D's are now pushing the economic narrative that we are in a recession and it started in Feb.

Watch how the economy, markets move in the opposite direction.

https://youtu.be/-hx49_qgaJ8?t=5

They Never Thought She Would Lose, 16 Year Plan Push, Plan Exposed & Countered - Episode 2194b

X22 Report:  Jun 8, 2020

The [DS]/MSM plan has failed, the public is realizing that they need the police force.

The [DS] is now following their 16 year plan. The plan is to remove the police, replace them with their own people who have not sworn an oath to uphold the constitution, to use this new police force other than stopping crime.

Their plan resembles the same plan used prior to WWII.

Once the public know, once the plan is exposed it fails.

https://youtu.be/CwfVXdx1XXc?t=2

"Return Constitutional Law Back to Courts" Nesara/Gesara by Pimpy

NESARA / GESARA - Truth from Fiction (Return Constitutional Law back to the Courts)

Pimpy’s Investment Chat:  Jun 8, 2020

We are going to show you today where they are in this process…..It’s already happening.

More constitutional judges are being put in the court system…..many are already appointed, and will change the legal system for decades to come…….

https://youtu.be/6cSswZEBy5c?t=7

Other videos in this series……….

NESARA / GESARA - Once in a Lifetime Opportunity https://www.youtube.com/watch?v=mmfXr8VsUYU

NESARA / GESARA - Truth from Fiction (New Currency)  https://www.youtube.com/watch?v=lIPd2IrrVgo

NESARA / GESARA - Warning! don't get mislead  https://www.youtube.com/watch?v=m0iKqMMG3l8

NESARA / GESARA - The Global Reset Update 06/03/20 https://www.youtube.com/watch?v=cuS2e1E3QpA

NESARA / GESARA - Truth from Fiction (Election Monitoring) https://www.youtube.com/watch?v=hnBCdrDAUX8

NESARA / GESARA - Truth from Fiction (Establishing a New Government within 120 days) https://www.youtube.com/watch?v=G2JxW0EvQkA

NESARA / GESARA - Truth vs Fiction part 4 (Return Constitutional Law) https://www.youtube.com/watch?v=iwo8dgAiBG8

NESARA / GESARA - Truth from Fiction part 3 (Increase in benefits for senior citizens) https://www.youtube.com/watch?v=wqSRpDk47q4&t=296s

NESARA / GESARA - Truth from Fiction Part 2 (Abolish the IRS and Taxes) https://www.youtube.com/watch?v=thJANxkVE9A

NESARA / GESARA - Truth vs Fiction (debt forgiveness)   https://www.youtube.com/watch?v=zoyw6p5mZ1c

NESARA GESARA - Summary (Truth vs Fiction)  https://www.youtube.com/watch?v=WpvSk3CXzkg

How to pay for NESARA / GESARA  https://www.youtube.com/watch?v=XaLVsfLUyRI

NESARA PART 6  https://www.youtube.com/watch?v=CwJFGYvEO1A

Nesara Part 5   https://www.youtube.com/watch?v=-SQQ4MulJ28

Nesara Part Four   https://www.youtube.com/watch?v=KIGQJ-LHw7I

Nesara Part Three   https://www.youtube.com/watch?v=yw8ndr6y8oQ&t=291s

Nesara Part Two  https://www.youtube.com/watch?v=I0pZ0HfyZa8

Nesara Part one   https://www.youtube.com/watch?v=CfHwcF79QpQ 

Does Our Personality Help Determine Our Financial Success?

Does Our Personality Help Determine Our Financial Success?

Jonathan Clements    June 6, 2020

Does Our Personality help determine our financial success?  It seems it does, or so says academic research. Psychologists have zeroed in on five key personality traits: extraversion, conscientiousness, agreeableness, neuroticism and openness to experiences. Think of each trait as a spectrum from, say, very conscientious to not at all. Each of us sits somewhere on the five spectrums. Maybe we’re a bit of an extravert, somewhat inclined toward neuroticism, and extremely open to new experiences and ideas.

There’s a host of websites where you can take a relatively quick quiz and get scored on the five dimensions, including FiveThirtyEight, OpenPsychometrics and Truity. You don’t have to pay or give your email address to get the results at these three websites, though Truity has a more in-depth report that’s available for purchase. My scores from the three sites were remarkably similar, so taking just one test will likely suffice. What should you make of the five traits?

Conscientious individuals are organized and disciplined. They don’t leave their clothes on the floor or the dishes in the sink.

Openness measures our willingness to embrace new experiences and ideas. Those who score high in this area tend to be more curious and imaginative, while those with low scores are inclined to resist change and new ideas.

Agreeable individuals aren’t posting snarky comments on the internet or barking at you because you are—or aren’t—wearing a mask. Instead, they’re friendly, trusting, upbeat, concerned about others and slow to criticize.

Folks who score high on neuroticism aren’t necessarily “neurotic” in the colloquial sense. Rather, they struggle with emotions such as moodiness, sadness, anger and anxiety. At the other end of the spectrum are those who are emotionally stable and even-tempered.

Extraverts are the ones you hear talking at parties. They’re exactly what you would expect: They’re outgoing, sociable and enjoy being the center of attention.

No doubt all of us recognize some of these traits in ourselves and in those around us. But I’d pay particular attention to whichever trait seems to be most pronounced. Understanding who we are—and the mistakes we’re inclined to make—won’t necessarily prevent us from messing up, but it’s clearly a step in the right direction.

So what do our key personality trait or traits mean for our career and how we manage money? I pulled insights from a fistful of academic studies, including papers from 2008, 2011, 2012, 2015, 2016, 2017 and 2018. These studies don’t always 100% agree with each other, though their findings largely line up. Here’s what I learned:

 To continue reading, please go to the original article here:

https://humbledollar.com/2020/06/knowing-me/

Bix Weir: "ALERT! $3.7 Trillion in Bank Bailouts TONIGHT!!!" 6-8-2020

Bix Weir

ALERT! $3.7 Trillion in Bank Bailouts TONIGHT!

RoadToRoota:  June 8, 2020

With everything else going crazy...the REAL insanity is that the Fed has bailed out the Banks EVERY NIGHT since Sept. 11, 2019 and tonight the banks need $3.7 Trillion!!

Where's the People's uproar about that?

https://youtu.be/uzkDWYsZ7SE?t=9

Fed Overnight Repos Continue To Rise As QE Shrinks

by Tyler Durden   Mon, 06/08/2020 - 10:09

 After barely seeing any utilization for much of April and May after the Fed launched Unlimited QE, in the past three weeks there has been a clear rising trend in usage of the Fed's overnight (and term) repo operations, which on Friday rose to the highest since the March crisis, hitting $106.25BN alongside a $53.2BN in 20 day repos, and earlier on Monday saw another $67.05BN in overnight repo (across both TSYs and MBS).

While there is some debate about the cause for this apparent tightening in financial conditions, the simplest explanation is that as the Fed continues to shrink its daily POMO, which this week averages just $4.5 BN per day, dealers have to find other means to extract liquidity and are increasingly turning to the Fed's repo operations.

https://www.zerohedge.com/markets/fed-overnight-repos-continue-rise-qe-shrinks

KTFA Members "News and Views" Monday 6-8-2020

KTFA:

Don961:  Prime Minister Mustafa Al-Kazemi chaired the special session of the Council of Ministers, devoted to discussing financial and economic reform in the country.

Finance Minister: We will open a new page with Saudi Arabia and Kuwait in the economic field

Policy 7/26/2020 23:26 168    
Baghdad today - Baghdad

Finance Minister Ali Abdul Amir Allawi confirmed today Sunday that Iraq will open a new page with Saudi Arabia and Kuwait in the economic field.

Allawi said in a press conference, "His visit to Kuwait was of an economic rather than political nature, as Iraq will open a new page with Saudi Arabia and Kuwait in the economic field."

He added that "Iraq has a fiscal deficit estimated at five trillion dinars per month, and oil gives us approximately 92 percent of the state's revenues, while 25 percent of the national product goes to salaries and allocations," noting that "it will stimulate the private sector to play a leading role in promoting development ".

On OPEC, the Minister of Finance stressed that "the OPEC agreement contributed to the increase in oil prices three times."   LINK

MilitiaMan:  It sure looks like they are again hitting the ground running with reforms. This new PM and his FM are on fire to get things off and running.  The PM held a special session on financial and economic reforms today. They normally meet Tuesdays if memory serves me well. If so this sure supports the urgency, in that having a special session is a good thing. It reeks of urgency.. imo.

Then we see the re balancing of two potentially large partners, both Saudi Arabia and Kuwait. They will need to be fully article 8 imo to re balance the trade and investments with the two countries.. The stopped the auctions about 16 days ago. Liquidity is drying up and inflation is setting in. They need to do business and quickly, or they'll have even further issues. Something they are well aware of and have a cure for.

For that cure to happen they have to choose the right alternative to make it happen whereby, raising the value of their currency to allow them to get on and into secondary markets is one that will work to do just that. Al-Nassery specifically talked about secondary markets, Sukuk was mentioned..

These two countries know full well what is needed and is to come.. They wouldn't be talking if they didn't..

Don't let the articles full you. They mention many reforms and time frames. There are reforms for the government for instance that may take 30-60-90 days. So be careful on how things read at first glance. ~ IMO We are in a very awesome place these days.. So lets see the balancing act get started!! lol imo ~ MM

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Don961:  Mourning for {Morning}: The 2020 budget will be biannual

Monday 08 June 2020
Baghdad / Omar Abdul Latif

 Deputy Speaker of Parliament Dr. Bashir Khalil Al-Haddad revealed the readiness of 7 laws to vote during the next stage, while he stressed that voting on the 2020 budget will be in semi-annual or other form to be agreed upon later.

Al-Haddad told Al-Sabah that there are dozens of bills that are expected to be passed in the House of Representatives, including what was read for the first or second time and discussed and ready to vote, including; A draft law on information crimes, refugees, housing abuses and a proposed legal proposal for sports clubs, federations, the Federal Civil Service and the Reconstruction Council, etc.

The Deputy Speaker of the House of Representatives indicated that Parliament asked the government to expedite sending the draft budget law for the year 2020 within a maximum period of the end of the current month to be read and discussed and then vote on it, Indicating that the budget formula that the House of Representatives will vote on will be semi-annual or any other formula to be agreed upon later.

LINK

************

Samson:  An upcoming meeting between Al-Kazemi and Parliament to resolve three important financial files

08:42 - 08/06/2020

Member of Parliamentary Finance Committee Magda Al-Tamimi revealed, on Monday, an upcoming meeting between the committee and Prime Minister Mustafa Al-Kazemi and the Minister of Finance to discuss some important financial files, stating that external loans, salaries and the budget will be the preliminary discussions.

Al-Tamimi said in a dialogue followed by / information / that "the committee called for a meeting with Prime Minister Mustafa Al-Kazemi and the Minister of Finance to discuss the government's plans in the file of foreign loans."

Al-Tamimi added that "the upcoming meeting will discuss the salaries of employees and how to pay them, as well as approving the budget for 2020 and the file facing the financial crisis."

She noted that "foreign loans to Iraq amounted to about 25 billion dollars, while the interior was about 38 billion dollars and loans imposed during the Gulf War are 40 billion dollars."  LINK

Samson:  Details of the process of stealing salaries for medical personnel in Baghdad and arresting the perpetrators

8th June, 2020

Baghdad Anti-Crime Directorate revealed today, Monday, a salary theft incident for medical personnel, pointing to the arrest of the perpetrators

A statement issued by the Directorate stated, "After receiving information about theft of an iron safe containing the salaries of employees of a dispensary north of the capital, Baghdad, and by order and direction of the Human Rights Brigade Director of the fight against criminals in Baghdad, a specialized working group was formed to reveal the circumstances of the accident in fulfillment of the efforts of health personnel that are making a lot, especially in the current circumstance

He added, "The work team started within the Anti-Criminal Crime Bureau (Al-Zuhur) in the Directorate of Anti-Crime of Baghdad, which is affiliated to the Ministry's Police Affairs Agency in the Ministry of Interior, after taking the fundamental approvals to investigate and collect information and go to the accident site in record time and within hours, only one of the workers in The clinic for suspicion and suspicion is available, and upon investigation, he admitted that he had stolen the treasury and inside it (seventeen million Iraqi dinars) and with the help of two other defendants

And she confirmed, "They were arrested as well, and in their terms the treasury and the amounts stolen inside it were seized, and the necessary legal measures were taken against the three accused and arrested according to Article (444) Q   LINK

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Samson:  A parliamentary committee: the region will hand over Baghdad, within days, the sums of oil as a maturity of 250,000 barrels

8th June, 2020

The Oil and Energy Committee in the House of Representatives said on Monday that the Kurdistan Region will hand over the central government the oil sums as a maturity of 250,000 barrels.

And the member of the committee, Amjad Al-Uqabi, stated that "the next few days will witness the delivery of oil sums by the region to the government as an entitlement for 250 thousand barrels."

Al-Oqabi pointed out that "the oil and gas law will include mechanisms for dealing with the oil of the region and Basra, as it will be through SOMO," stressing that "it is among the important laws that will be approved during the coming days."   LINK

PompeyPete:  THIS SMACKS OF HCL AGREED AND SORTED...

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Samson:  Representatives present to the government four proposals to achieve urgent economic and financial reform

8th June 2020

A number of members of the House of Representatives presented, on Monday, four proposals to the government after the completion of the cabinet, to achieve urgent reform in the difficult economic and financial situation the country is going through.

The deputies, Qassem Al-Araji, Muzahim Al-Tamimi, Adnan Al-Zarfi, Muhammad Shia'a Al-Sudani, and Muhammad Sahib Al-Daraji, said in a joint statement on the occasion of the completion of the ministerial cabinet, “Mawazine News / received a copy of it,” after the Parliament’s vote on Saturday 6/6/2020 On the seven ministries and the completion of the government formation, we find it obligatory for us to recall that the cabinet formation that the Prime Minister and political forces efforts ended and won the confidence of the House of Representatives was not at the level of what the people were looking forward to, and what came out of the thousands of demonstrators and protesters for it and the fallen victims Martyrs, in order to achieve reform and change."

The representatives added: "But despite the observations that we have on the government or some of its elements at the very least, this step put everyone, especially members of the government, in front of their direct responsibilities, and they have to roll up the sleeves of the grandfather. The work stage started and not before the government, but not before the entire system of government.

More time, the people have waited a long time, and now they expect all of us and the government to do things, not words." And they continued: "As we recall what was mentioned in the proposals that we put forward in order to achieve urgent reform in the difficult economic and financial situation and if it is not possible to do everything necessary during the short lifespan of the government, which should not exceed one year, we confirm that it must focus its attention Main points occupy the utmost importance in the life of the people and the fate of the country, including the following:

First: Taking practical steps to combat corruption and overthrow large heads in this file, regardless of the political or societal parties that stand behind them and surround them with legitimacy and protection. And not only make rhetoric; Unfortunately, as usual. It has an unenviable future ahead of it, as people's patience is almost exhausted. And they no longer endure energy.

Second: Serious concrete steps must be taken to impose the prestige of the state, the rule of law, maintain order and address armed gangs and outlaws without discrimination or favoritism; People were fed up with gangs at the expense of the state and the rule of law.

Third: Urgent steps must be taken in terms of improving services, whether on the health level and bypassing the Corona pandemic crisis or the economic and financial crisis and the resulting measures, provided that the salaries of employees and retirees are not compromised.

Fourth: The government must provide everything that can convince the citizen of its seriousness and its keenness to hold urgent elections, and not only that. Their rejection of what is happening, as happened in the recent elections, which we are still experiencing unfortunately bad effects.”

They affirmed by saying:“ As for us as part of the legislative authority, we will spare no effort in supporting and paying it and doing everything necessary for its success in its work and alleviating the suffering of our patient people, provided that it adheres to what she promised to the extent of her seriousness and her relentless pursuit to achieve the above and to the extent of her commitment to implementing her government program, especially as it relates to ending corruption and restricting it." LINK

Lynette Zang, PIR and Pimpy Iraq News Monday 6-8-2020

GOLD PRICE DROP SILVER MANIPULATION Q&A with Lynette Zang and Eric Griffin

Jun 7, 2020

The RESET is already underway…..and everybody knows it.

Questions:

forcaster777: ​I have heard that in the coming reset, that gold and silver will be used as massive credit default swaps. What say you?

Shawuntiel Johnson​: What do you believe will happen with student loan balances in the next 12 to 24 months?

Esther’s Daughter! Long: ​Can they confiscate Gold Eagles dated in the 1800’s?

Ken Anderson: How will hyperinflation happen with such a low labor force participation rate?

Toi Cheung: When there’s no more fiat money, how will gold be used at that time?

AD: I just listened to an interview that stated JP Morgan is leasing some of its silver hoard. Will this continue the silver manipulation indefinitely?

Dochas An Domhain: Why do you think the gold price dropped in the last few days?

https://youtu.be/dTfhyOBpQ3g?t=7

Patriot Intel Report

PIR 06 08 20

Potus said that the next stimulus plan will be bigger then everyone expects……we have anticipated that. He said it’s going to be bigger and greater then everyone expects.  He is very optimistic about the economy and the future.

Larry Kudlow, one of Trump’s economic advisors is someone I have watched for many years and he is extremely optimistic. He could hardly contain himself last week speaking about how this economy was going to turn around.

These are really good signs…..

https://youtu.be/Mq5I9qNLVO8?t=5

Iraqi Dinar news 06/08/20

Pimpy’s Investment Chat:  Jun 8, 2020

https://youtu.be/GtVIOtBhwTc?t=5