News. Rumors and Opinions Thursday Afternoon 12-23-2021
TNT:
Tishwash: More Than 100 Billion Dollars .. The Financial Advisor Reveals The Size Of Iraq's Debts
The appearance of Muhammad Salih, the financial advisor to the Prime Minister, revealed the total external and internal debts of Iraq, indicating that it exceeds 100 billion dollars.
Saleh said, in an article published on the website of the Iraqi Economists Network, and seen by the agency (Information), that "Iraq made some external borrowings due to financial distress after 2014 as a result of the war on ISIS terrorism and the drop in oil prices and its direct impact on the country's public budgets, but the total public debt Today, the external subject to payment obligations does not exceed $20 billion.”
He pointed out that “there are debts still pending on the Paris Club Agreement, which requires writing off by 80% or more, but it has not been settled and belongs to some Gulf countries and other countries, and it is estimated at about 41 billion dollars and represents the burdens of the Iraq-Iran war era, and is usually mentioned among the total debts before Some international organizations without considering the issue of their settlement and submission to the Paris Club settlements by removing 80% or more.”
The financial advisor to the government explained that "the internal public debt is the largest today and approaches about 50 billion dollars, but it is still a debt exclusively among government financial institutions, and its settlement is considered within the internal economic policies. It is a low-risk debt and its settlement falls within the scope of the institutions of state sovereignty."
He cautioned that "the increase in oil revenues will provide high financial leverage to settle the residual debts, with truly easy options. link
************
Mot: - Tid Bits on raising the ""Wee Folks"" during the Holidaze! ~~ from Mot of Course! ~~~
Courtesy of Dinar Guru
Frank26 Article: "What the Central Bank Has Achieved In Terms Of Monetary Reserves Requires The Government To Reduce The Exchange Rate" There we go again, 'Frank, look they're going to reduce the exchange rate.' You don't seem to understand what they're trying to tell you. It's difficult to interpret a mistranslation...In 2003 the rate was 4500 to 1. It has been reduced to 1460 and continues to be reduced until they get to 1 to 1...the smaller it gets the more you increase the value of the Iraqi dinar. And that's what this means.
Pimpy Article: "The Iraqi market is abandoning the dinar...and the government is reassuring: There is no collapse" That's not good. That weakens the dinar. We need to stop the two dollar system over there. They stopped it before but they need to stop it again. They need to do away with the American dollar and just force the people in Iraq to stick to the dinar. That would strengthen the dinar. That's one of the things that needs to happen.
FED, GOLD SHARES & MORTGAGES…Q&A with LYNETTE ZANG & ERIC GRIFFIN
Question 1: 1:04 Will my iShares gold bullion ETF, and, iShares Silver shares match the value along with physical gold and silver?
Question 2: 3:23 With a 30-year fixed mortgage. Why does inflation benefit me over the 30 year term? I am NOT grasping this concept.
Question 3: 5:08 If someone has their mortgage paid off, would it be a good idea to take on a new mortgage at a fixed rate solely for buying gold?
Question 4: 6:35 How will we use gold and silver after the collapse? Do we pay for things directly with them or convert them into dollars? How would it work with CBDC’s?
Question 5: 7:49 If Feds make Gold illegal to own…who would buy it from you so you can payoff your mortgage or credit card bills?
Question 6: 8:59 How long do you suspect the market can withstand this hyperinflation before a complete failure?
Question 7: 11:05 Can Lynette explain why she prefers coins over gold bars?
Question 8: 12:59 Do you think the USA will ever shed the FED and go back on the gold standard?