Saturday, April 13, 2024
Parliamentary Finance talks about the reasons for delaying the budget, 14 APRIL
Parliamentary Finance talks about the reasons for delaying the budget
Individual from the Money Council, Delegate Khalil Ghazi, on Saturday credited the defer in the government spending plan to conflicts between Sunni alliances over the character of the Speaker of the Place of Agents.
Ghazi said in a proclamation to the “, “crafted by the Place of Delegates is delayed because of the shortfall of a Speaker of the House,” focusing on that “the absence of understanding between the coalitions on naming an individual that everybody concurs upon has impacted the regulation of numerous regulations. ”
Ghazi proceeded, “The financial plan deficiency is an arranged shortage, and government spending is progressing even with the spending plan delay, and that implies that conditions are continuing typically.”
Ghazi closed his discourse: ” The spending plan plans were supposed to show up in the passageways of the Place of Agents before Eid, and they were deferred because of the non-goal of the Place of Delegates record and the State head’s forthcoming visit to Washington.”
Eyewitnesses expected that the spending plan deficiency in the year 2024 would arrive at 88 trillion Iraqi dinars, while the shortage in the last monetary year added up to 66 trillion Iraqi dinars, and that implies there is an expansion in the shortfall, harmonizing with the money related mass shortfall and the absence of monetary liquidity.
"RV UPDATE" BY BREITLING, 14 APRIL
Breitling
The dinar is real. The opportunity is real. I know you have to have an atomic, almost God like patience. I'm just like everybody else, can't wait for them to add value to it. But it is real. I think people who stick with it are going to benefit from it, 100%. It is real and it will come.
o I believe in their [Iraq's] business plan? Absolutely. Do I know where the value is coming from? Absolutely. Artificial inflation...
They have more customers and they're selling even more energy. How can it be at a 10th of a penny? Nobody can tell me this. Well Tony they printed too much currency. Hallelujah, praise Jesus! Why did they print too much currency? Why do they have too much currency? Did somebody tell them to do that? Was it Abraham Lincoln?
Who was it? And why are they doing it? And now you can start putting this together.
It's artificial inflation . They're selling their energy in the US dollar and that's what's backing up their currency. It's a massive opportunity. But that's the power of inflation. That's what happened to Iraq and they're going to get out of it...
"THE DIFFERENCE BETWEEN KUWAITI RV & THE IQD RV" BY BREITLING, 11 MARCH
Breitling
Question: "The difference between Kuwaiti revaluation and the Iraqi dinar - what's the difference?"
It's a completely different model...Kuwaiti got invaded. Saddam Hussain stole the printing press, the Kuwaiti version of the Treasury. Stole everything... Iraqi dinar was completely different. It was planned.
They knew the old Iraqi currency was going to collapse. We injected their economy with dollars and euros. That's when they took the old dinars off the streets and introduced the new dinar you and I have. It's a completely different model. There's no way to compare.
I think the dinar is going to revalue. I think it's great. It's a great opportunity. A lot of it has to do with its foreign currency reserves which is in the US dollar. It [Iraq's] is one of the biggest in the world.
"What is Iraq waiting for at this point [to RV]? "
No body knows...When [Senator] McCain was around those were the heavy hitters. Those were the guys I would listen to. This was nothing 'official' but these guys knew what was going on, 'you want to be in the dinar.' I have some very good friends who didn't buy it and they talked to McCain and he said you better buy this currency.
According to them, it should have happened by now. I still hang out with the same group and to this day nobody knows why Iraq has not pulled the trigger yet. What's strange is back in the day Iraq didn't talk about it that much, now they talk about it all the time. Whatever the CBI is looking at, it's starting to look like they need to be there.
Question: "Why do the [Iraqi] citizens want to keep using the dinar when the value is so low?"
Not everybody has access to the US dollar for one thing. #2 It's artificially low. A lot of Iraqi's know this. They know what's going on.
There's nothing they can do about it. That's one of the things, if you watch the parliamentary elections of Iraq one of the number one campaign promises all these guys make is we're going to add value to the dinar. They know it's artificially low. [They look around and think] we're selling more energy, the price per barrel is more, we have more customers and yet the dinar is [worthless] and we're all running around in poverty.
Question: "When it does revalue, when do we get out? How long do we wait?"
That depends on your own needs. Are you trying to get a house? Are you trying to pay off a loan? What is it because once you hit that number get out. Or if it doesn't go up to that number - Let's say you're trying to make...$250,000 and you realize the investment is only going to get you about $180,000, then get out! Diversify. Get into something else. Don't just stick around.
The only way you can answer those questions is you have to put a piece of paper down and realistically what is it that you want. You have to be realistic about it.
You can't say the first thing is I'm going to start off with a $50 million dollar mansion. Don't be stupid...Let's be a little more practical. A home over your head, debt free, for you and your family...then you can go for the big stuff. Your investments are based on that...what it is you want.
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-breitling-16-dec.html
https://dinarevaluation.blogspot.com/2024/03/the-difference-between-kuwaiti-rv-iqd.html
After the Sudanese left for America… Expert: Iraq is economically threatened, 13 APRIL
After the Sudanese left for America… Expert: Iraq is economically threatened
Nabil Al-Ali, a specialist in economics, predicted that the prime minister’s journey to Washington on Saturday will center on economic matters in addition to political and security ones.
“There is a fundamental issue that is deemed the most important,” Al-Ali stated. “We must exert pressure on the US Federal Bank to create a new mechanism to release US export funds with an unconditional desire on the part of the Iraqi government.”
He further stated, “Iraq will remain economically threatened due to the US Federal Reserve’s control over its oil exports.”
He said about “the issue of Iraq’s exit from Chapter Seven requires broad economic measures in all economic sectors and the Iraqi economy not to rely on the money it receives from oil exports.”
He said, “The Sudanese government has a strategic vision to get out of this item in a gradual manner through the completion of the large port of Al-Faw, the strategic development road project, and the activation of the oil industry sectors, various industries, and the agricultural sector.”
"MICA REGULATIONS & QFS" BY GOLDILOCKS, 23 APRIL
GOLDILOCKS
For the next three to four or five weeks, we are going to watch assets move to real values during the MICA regulation process..
Some assets will move up and many will move down during this time as they find their true fundamental value inside a Globally Regulated Digital Financial System.
© Goldilocks
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Security risks in the banking system are becoming more of an issue with each passing day.
This is the phase of our transition whereby the importance of safeguarding our new digital economy is vitally important and currently being interfaced onto the QFS.
Current monetary changes and transactions are being guarded with the utmost security during this transition process into the new digital asset-based trading system.
© Goldilocks
https://www.imf.org/en/Publications/GFSR/Issues/2024/04/16/global-financial-stability-report-april-2024
TIDBIT FROM MNT GOAT, 23 DEC
Mnt Goat ...we are almost there... According to my CBI contact the new elected US administration is now working with Iraq and has contac...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...