More News, Rumors and Opinions Saturday PM 5-1-2021
TNT:
Tishwash: Foreign labor causes the removal of hard currency from Iraq
The Labor and Social Affairs Committee confirmed, on Saturday, that foreign workers are causing the removal of hard currency from the country.
A member of the committee, Representative Sattar Al-Attabi, according to the official agency, said, "Most of the foreign workers in the country enter legally, but many workers refrain from leaving when their stay ends, which makes their presence illegal," pointing out that "it is difficult to know how many The money that comes out of Iraq through expatriate workers because there is no statistic at the Ministry of Labor and the authorities concerned with the number of foreign workers.
Al-Atabi added, "The money they get is all out in hard currency, and this is a blow to the Iraqi economy," indicating that "the entry of that employment had a negative impact and caused an increase in the number of unemployed."
He explained, "The Iraqi workforce is linked to family, transportation, housing and other matters, and it is completely different from the expatriate worker whose headquarters and residence are inside the workplace, and therefore his wages are lower," calling on the government to "review the file of the expatriate workers and end the illegal presence of those who have expired. It was established with the aim of providing employment opportunities for the Iraqi workforce and the advancement of the Iraqi economy. "
He stressed, "The government and the Ministry of Interior have launched several campaigns to deport those who have exceeded the legal periods of residence, but the numbers are still very large, in addition to the presence of concealment and concealment of foreign workers from some homes and owners of factories, stations and restaurants from the eyes of the Ministry of Interior."
He stressed, "the necessity of issuing strict directives that achieve direct communication between the ministries of labor and the interior to end this phenomenon, pointing out that" the number of foreign workers is estimated in the hundreds of thousands. link
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Courtesy of Dinar Guru
Frank26 I'm gonna say roughly about 30 articles today...who are they all from? ...they're from the CBI. Behold the "leaks". This is on purpose from the CBI. You've never seen them talk this much. Today they were parrots on steroids and it's exactly what you want to see...none of this nonsense from parliament...this is all from the FAB 4 not just the CBI. You've got the Arab Monetary Forum. You've got the International Monetary. You've got the World Bank. You've got all Fab 4s there. The only one not there is President Trump. Trust me IMO President Trump is smiling like a Chester Cat right now...
Petra There's a pattern here...way too many articles about updating the banking system down to the teller level. It's way too many...we've got all this integration going on. Tellers are being trained...we've got all this banking stuff going on. I mean there's a lot of talk about banking...I love that the governor of the CBI came out this morning and says, 'Hey we're going to get our banks ready to start accepting digital transactions.' Uh, excuse me sir we already know that's been done...I think he's trying to buy time...all these things are lining up...put all these kinds of things together it's pretty exciting...
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KTFA:
Ryan1216: It's ridiculous that this still hasn't happened. Here we are May 1, 2021 with Iraq having gone digital as far as I know and the rate still hasn't been presented. I just don't know what else to say. Iraq gives a great talk with no action. I mean this in no disrespectful way. Just "Extremely tired". IMO
Godson: Imo.. Personally I'm waiting to see what happens after Eid al-fitr... That should be telling
The GreenTreeMusic: perhaps, we should be looking at the progress/ momentum/ lava flow which is only going in one direction....and it’s the direction we love. And IMO it’s not all about Iraq….there is global timing which must be coordinated. I’d say we are in a good position.
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Fleming Saturday RV Report:
All our military intel contact would say is final sign offs are happening to release the shotgun start; he said it always takes longer than expected at the end like this, but he said to take heart because it is closer to 4B starting than ever.
COPPER, GOLD & REAL ESTATE...Q&A WITH LYNETTE ZANG
May 1, 2021
Question 1: 0:47 Would you please tell us a story of how after the 2008 recession you were able to use your collectible gold or gold in general to take advantage and buy income producing assets?
Question 2: 3:04 Do you think the central banks will give the big banks a conversion method to move out of the Crypto, and into the digital currency?
Question 3: 4:11 Can you please walk us through the calculation scenario of dollar to SDR if the dollar is not 1:1 but a portion of the SDR backing?
Question 4: 6:04 Lynette, can you tell me about copper (PRE-1983) pennies? If the price of silver and gold go back to their historical value, do you think copper pennies will also? It wasn't too long ago when you could buy candy with one penny or a gallon of gas with 10 pennies. Pennies used to be the money of the people. More than even silver. But I never hear what people think COPPER (PRE-1983) pennies will go to and if it's worth sorting them out?
Question 5: 8:37 My wife and I are looking to purchase some property/home etc. we have hard assets to buy it outright but do not want to exhaust much of those assets. We keep a small bank account to meet day to day needs. We have ample income, higher than most retirees, no debt, a high credit score...As our money sits in a bank what signs can we look for that may signal an imminent need to withdraw those funds to avert, buy-in, runs, or other financial dollar disasters that will befall our currency? There is a point to it all, that is me (and many others) are captive to the current financial system. We will have to do things in fiat dollars that we do not want to do but must to operate, therefore it is paramount that warning signs are known to us.