FROM MM & PETRA:
MilitiaMan: " "The government has not implemented many articles and paragraphs of the general budget law for the current year until this moment due to the objection and observations of the Ministry of Finance and other ministries on the articles of the law, which led to the delay in its implementation.""
MilitiaMan: Until this moment they say.. Interesting the 2021 budget is in the news lately.. Just as Frank and Petra pointed out ... They are not going to keep harming the citizens.. imo "
"there is work and movement by the committee to monitor the implementation of the parliamentary government program on the Ministry of Finance and the government to implement the articles and paragraphs of the budget law," stressing that "any delay in implementing the budget will harm the citizen and state departments and institutions.""
MilitiaMan: Fairly certain then if need be there is an emergency.. It is called Article 8 with a new rate.. lol We are imo seeing things shape up globally and gearing for a very big event.. Militia-Man
Petra: Convergence on a global scale...Yup...Yes. The input was not reflecting other world events as we are studying...nice data points though.... PETRA
MilitiaMan: Kinda hard to spend trillions when the UST has 389 billion in cash on hand and are
burning 26-50 billion a day.. Militia-Man
Petra: And, IMO, that 389B also includes the bond sales of the last 2 days to bolster the balance sheet. But, the message is clear, the money is running out! Congress did not elevate the debt ceiling as of today...why not? They know their burn rate, they know the balance in the bank just like you and I. So...Congress not changing the debt ceiling is an indicator of a future....expectation. IMO ......PETRA
MilitiaMan: They sure gathered up some serious numbers over the last 6 weeks real close.. They got cash for bonds to be on the books of banks imo.. Banks will need liquidity and that being done may offset the effects of our exchanges and thereby increasing value to us and countries where by the dilution may need to be, Necessary for equilibrium effect globally.. imo ... Militia-Man
Petra: $23.5 Trillion since July 7!!! ... IMO, I expect another $1T day tomorrow...or close to it! ....PETRA
MilitiaMan: That is some serious assets bought and brought home imo... The SDRs are to be effective 08/23/2021... The REPO market platform is to be down for Maintenance on the 16th.. Militia-Man
Petra: And by full bore...international money movement via the digital framework that all countries participate it. Remember, the $650B coming from the IMF are SDR's...digital!.... PETRA
MilitiaMan: Yes and they mention countries that will benefit too.. Militia-Man....
Petra: Yes, which is what I commented on yesterday. If Iraq is still under sanction rate...do they get to participate in the global SDR gift???...... PETRA
Petra: Let's be clear. We have never been at this stage before. Too many timed events are occurring that lead us to believe we are in a, as MM said, no turning back scenario. We speak of the Repo markets, UST cash positions, Emergency Bond sales. Then we see articles about digitization occurring globally via blockchain. IMF Global SDR donations, companies and contracts waiting to be executed. Large money movements in the last 45 days of funds back to the US. Notice those funds were "not" put into the UST!!!! They are to be repurposed. For what???? Yes, we are in a very strong and multi-faceted convergence all waiting on one thing!!!! Amazing once you connect the dots of impact!............ PETRA
MilitiaMan: Mark your calendars
On August 23, the newly created SDRs, equivalent to US$650 billion, will be credited to IMF member countries in proportion to their existing quotas in the IMF. https://t.co/WCZ25tPMXA pic.twitter.com/2JzutP5m35
— IMF (@IMFNews) August 11, 2021
What are the benefits of the US$650 billion SDR allocation?
1. Provide fiscal space to help people cope with the crisis
2. Boost reserves of IMF members
3. Support country reformshttps://t.co/0rkI3E54S7 pic.twitter.com/t26t2jbLBL
— Gerry Rice (@IMFSpokesperson) August 12, 2021