Latest topics
TNT Chatter 2/5/19
Page 1 of 1
TNT Chatter 2/5/19
TNT
Eccle519:
Iraq is a real country with Real Currency and Real Wealth...eventually they will connect the dots to survive and prosper in the world system
GTCNote:
Here’s a question...why is Iraq getting loans from other countries. You would think if value has changed they wouldn’t need loans... crazy or I’m getting crazy
Eccle519:
The US lives on loans as well...it's just part of the world funding/banking system
Luvwulfs:
Eccl yeah there it is , a debtor's system
Eccle519:
..and a debt driven society!
9Ball:
Every time a dollar is printed, it is borrowed from the Federal Reserve .
Eccle519:
If and when the US and world ever go Gold/asset backed currency, loans will greatly diminish cause the money is actually worth something and they just can't just print more as they do now
Harambe:
Bloomberg: Zimbabwe Delays Start of Dollar Trading to ‘Foolproof’ Systems
(2/5/19)
Central bank had planned to allow trading soon after Feb. 1
Delay will exacerbate shortage of foreign-exchange in country.
Zimbabwe delayed plans to allow companies and individuals to transfer dollars electronically as it tests systems to ensure they’re infallible, a central bank official said.
The postponement will exacerbate a dearth of cash in the southern African country that’s prevented beer and bread manufacturers from buying raw materials, and led to shortages of food and fuel.
Trading may go live after the central bank has issued its monetary policy statement around mid-February, the official said by phone Tuesday from the capital, Harare.
“The system is not yet live, but we will see how it goes by the time of the monetary policy statement,” the official said. Tests are continuing to ensure “everything is foolproof,” he said.
The Confederation of Zimbabwe Industries earlier this month said the government should allow banks to trade dollars in a bid to halt the economic collapse, which has seen the official inflation rate surge to 42 percent.
The central bank had said on Jan. 29 it planned to test the system until Feb. 1, before going live.
Zimbabwe scrapped its own currency a decade ago to end hyperinflation and adopted a basket of units instead, with the dollar being the most widely used. The central bank then printed quasi-greenbacks called bond notes and an electronic currency known as RTGS$ to fund rampant government spending. That’s resulted in a convoluted system of exchange rates, with consumers charged different prices depending on how they pay.
https://www.bloomberg.com/news/articles/2019-02-05/zimbabwe-delays-start-of-dollar-trading-to-foolproof-systems
Eccle519:
Iraq is a real country with Real Currency and Real Wealth...eventually they will connect the dots to survive and prosper in the world system
GTCNote:
Here’s a question...why is Iraq getting loans from other countries. You would think if value has changed they wouldn’t need loans... crazy or I’m getting crazy
Eccle519:
The US lives on loans as well...it's just part of the world funding/banking system
Luvwulfs:
Eccl yeah there it is , a debtor's system
Eccle519:
..and a debt driven society!
9Ball:
Every time a dollar is printed, it is borrowed from the Federal Reserve .
Eccle519:
If and when the US and world ever go Gold/asset backed currency, loans will greatly diminish cause the money is actually worth something and they just can't just print more as they do now
Harambe:
Bloomberg: Zimbabwe Delays Start of Dollar Trading to ‘Foolproof’ Systems
(2/5/19)
Central bank had planned to allow trading soon after Feb. 1
Delay will exacerbate shortage of foreign-exchange in country.
Zimbabwe delayed plans to allow companies and individuals to transfer dollars electronically as it tests systems to ensure they’re infallible, a central bank official said.
The postponement will exacerbate a dearth of cash in the southern African country that’s prevented beer and bread manufacturers from buying raw materials, and led to shortages of food and fuel.
Trading may go live after the central bank has issued its monetary policy statement around mid-February, the official said by phone Tuesday from the capital, Harare.
“The system is not yet live, but we will see how it goes by the time of the monetary policy statement,” the official said. Tests are continuing to ensure “everything is foolproof,” he said.
The Confederation of Zimbabwe Industries earlier this month said the government should allow banks to trade dollars in a bid to halt the economic collapse, which has seen the official inflation rate surge to 42 percent.
The central bank had said on Jan. 29 it planned to test the system until Feb. 1, before going live.
Zimbabwe scrapped its own currency a decade ago to end hyperinflation and adopted a basket of units instead, with the dollar being the most widely used. The central bank then printed quasi-greenbacks called bond notes and an electronic currency known as RTGS$ to fund rampant government spending. That’s resulted in a convoluted system of exchange rates, with consumers charged different prices depending on how they pay.
https://www.bloomberg.com/news/articles/2019-02-05/zimbabwe-delays-start-of-dollar-trading-to-foolproof-systems
*****************
>>>TNTBS's YouTube Channel<<<
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Today at 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej