Mon. PM TNT News Articles #2 4-4-22



It Is Estimated At Several Billion Dollars”..Lebanon’s Bankruptcy Ravages Iraqi Deposits

Economist Nabil Al-Marsoumi warned, on Monday, of the loss of billions of dollars deposited by some Iraqi figures in Lebanon’s banks.

Al-Marsawi said, in a post on his Facebook page, which was seen by / the information / that “the Central Bank of Lebanon is carrying out an inventory of the amount of gold in its possession after His Excellency Al-Shami, Deputy Prime Minister of the Lebanese Government, announced the bankruptcy of the state and the Central Bank of Lebanon, and said that the losses would be distributed to the state and the Bank of Lebanon. Banks and depositors.

There are no accurate figures for Iraqi deposits in Lebanese banks, but their amounts are large and may exceed “several billions of dollars, which belong to individuals and companies.” According to the decree.

He added, “Some private sources indicate that most of the Iraqi funds deposited in Lebanon are the result of corruption operations that took place in Iraq, as Lebanese banks facilitated deposit and transfer operations for Iraqis in the past years, and it represented a financial center for companies, officials and politicians.  link

I’m only posting this so you can see what they are putting out that their citizens are being shown

Economist: The possibility of re-linking banknotes to the gold standard

The economist, Pavel Segal, indicated that the possibility of re-linking paper currencies to the gold standard is being discussed more and more in the world, pointing out that there are positive and negative aspects of this step.

“The rise in the volume of unsupported currencies in the world over the past years has prompted traditional economists to start thinking about the world’s return to the gold standard,” Segal, CEO of Opera Russia, said in an interview with RIA Novosti news agency.

The veteran economist pointed out that gold prices do not show large fluctuations like what happens to most currencies in the world and stock markets, and that the precious metal helps fight inflation, but he noted that the adoption of the gold standard opens the way for rapid devaluations and revaluation of currencies, which It prompted the world at one time to give up on the thought of this move.

Prior to that, the economist, Peter Schiff, expected that gold would resume its role again in the global monetary system, in light of the economic crisis the world is witnessing.

The expert expected a rise in precious metals prices in the near future, and said that “while the world is dealing with the Corona crisis, gold and silver prices are witnessing an increase, there are big movements in gold and silver coming.”

The economist advised everyone to stay away from the dollar before it was too late, and said that “the yellow metal will resume its role in the global monetary system, as the world will return to the gold standard.”

Gold is a safe haven in times of nervousness and volatility, and after the outbreak of the Corona crisis, the prices of the precious metal rose significantly, and today the yellow metal is trading at the level of 1923 dollars per ounce.   link

Source: Dinar Recaps


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