Friday, June 19, 2020



Thursday UPDATE for June 18, 2020

A directive was issued to all the banks in Iraq not to pay salaries this month until the income tax is applied at a later date.
Al-Kadhimi broadcast  on Iraqi TV stating that a surprise is coming to the citizens in an effort to calm them.
The citizens are mad about the decrease in their payments.
Yada:  “The citizens are mad about the decrease in their payments” indicates to me that the adjustment to their salaries has been applied and receiving increased spending
Cutebwoy:  Note decrease in citizen payments equal RV leading to more value in thier pockets LOLLL
RVAlready:  When your treasury is down to one day’s operating budget, it is time to do that RV. A no brainer if I ever saw one.

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