dnari131: I'd think the heat would just drive them krazy....kinda like peeps in baltimore...just because it's hot wouldn't make them go inside the house and not protest no matter how sane/insane the circumstances imo. Looking forward to seeing how they respond when they feel the full brunt of the taxes and tariffs...this just day 1 lol
Frank26: Disagree with You ......... 100%.
No one in Iraq is protesting Jack ...... Not even Jack himself.
No one but the media. Take care. KTFA Frank:
Bluedog: heat is on and yes they have no idea how all these taxes will strip their pockets ........ but better buying power will help for sure .............. ................. Blue
Frank26: They KNOW !!!
But eager they are willing to pay in order to gain ........ Purchasing Power !!!
This part of the MR ......... It's happening. KTFA Frank
BulldawgGal: Hmmmm.....I hear you......sounds like the articles on Friday might have made an attempt to mislead people …Never thought I would be excited for taxes to be implemented. Thank you for the update!!
Frank26: T and T's at the borders is like an electric fence for the IQD's potential future.
KTFA Frank....... It becomes a different math.
dnari131 : Actually Frank…It's the PRESSURE that's cooked Aug 1st and 2nd. As the train rolls along no disagreement there..that's rather obvious indeed and now we're out of June/July of promises August will most definitely be extremely intriguing to say the least. Exciting times even for the minorities and the majority
BruceT :Tell me people because I am not that smart, how are the common people of Iraq going to go out and buy bonds when just about all their needs are going up some twenty percent?
Besides that how long do you think they are going to take extreme heat and false promises? This will probably not make the cut because I am not worth asking the questions,oh well!!!!
Lexi: Without purchasing power or a raised rate this won't get them far. Just hide and watch because without that new rate even if we can't see it but they can this all looks like it will fall on its face. Don't think they will let that happen. So change it already! lol! You can only stretch that program rate so far then you try to do bonds taxes and tariffs without a higher rate seems like a failure to me. But this is Iraq and they have ecked by this far without raising that rate soooo guess just more waiting to see what moves are made
Dinar Recaps Comment Section:
Martha: Thank you ladies. Something else of interest is that Greece's stock market also opens after 5 weeks absence….. Interesting timing.
Greece is still talking of a grexit and a return to the drachma. But look how it was a major distraction that went quiet. The calm again before a "great" storm?
Also heard that the BRICS new system CIPS is officially fully functional on 8/3 in time for market changes. Something else to watch for. The next 48 hours will surely be telling
Iko Ward : Forex has opened the Dinar at 1130.4. Nothing really unusual about that.
GodBlessTony: "Iraq is broke" meme out there and shedding a bit of light on the "Bonds" being talked about
Tony has often recommended readings on The Federal Reserve, "The Creature from Jekyll Island." This explains how money on the macro level works. Short story and I think will be helpful to flesh out all the talk of the Iraqi Bonds going out now. Of course the meme has been "They can't sell bonds without a reality rate." Unfortunately that is not true. Iraq is no more "broke" than the U.S. is.
The U.S. is 18 Trillion in debt, (and this is just "bonded" debt..bonds...IOU's). The Iraqi system is now identical to other Central Banks. Central Banks are banks of issue. What does that mean? They monetize paper debt i.e. Bonds, Notes, Bills..whatever. Right now The NY FED continues to buy Mortgage Backed Securities, (bundled Mortgages) in the back door while they say QE is stopped. D.C. and Tony have said often, "Its' not what they say, it's what they do."
Back to Iraq. Same model now. The GOI is issuing Bonds, (IOU's), it's been said they are at at rate of 1095 - I can't verify that - rumor. GOI issues bonds, the market place will buy what they want. You can buy Iraqi debt now. It is said they are paying about 6% interest.
Now, here's the part the most do still not understand and where the magic happens. Iraq issues 5 Billion in Bonds, the CBI can now create as many Dinar as they please on a computer, (Just like the FED, the BOJ, the ECB does with Yuan and Euro respectively.)
The CBI creates dinar and exchanges Dinar with the CBI for the Bonds. CBI, (the people), pay back the Bonds with interest. "Modern Money Mechanics." You can Google that term and probably find the FED Reserve Bank document as they explain how this works.
This is some of the "Big Changes" and monetary reform in Iraq. Their Central Bank is now a "legitimate" bank of issue and they join a debt based monetary system, just like most of the rest of the world.
It's all part of the RV, so it's a good thing for us.
Angelgirl: God Bless Tony-- When did this occur?
GodBlessTony: We don't know for sure Angel, as these are "Behind the scenes activities" but certainly well known to the Politicians here and over there and a key in "Monetary Reform" going on for many years since the beginning of the war.
Tony and DC have said, if not outright, alluded to the fact that the U.S. stopped it, is OK etc. Remember? My opinion is that when they are using the term U.S. they are talking about the banking system that reinvented Iraq's Central Bank and have a great deal of say in what goes one.
My sources of 25 years, who is a currency historian, and working on his third book, this one is called "The Monetary History of The United States" proves that this is what happened in Germany and Japan after the war with their Central Banks, where the money powers to this day have a great deal of control in both the Bundesbank and the Bank of Japan