TNT More News, Rumors and Opinions Friday Afternoon



Tishwash:  The United Nations: joint programs with the Iraqi judiciary to investigate financial crimes


On Friday, the United Nations Development Program in Iraq announced extensive programs in partnership with the Supreme Judicial Council, including programs aimed at combating corruption, money laundering, and investigating financial crimes.


Romana Schweiger, Director of the Rule of Law Department at the United Nations Development Program, said, “The joint work that brings us together with the Supreme Judicial Council and Judge Faiq Zaidan is very broad, not only for training programs or various topics of interest to the judiciary and the judges’ staff, but also programs to combat corruption, money laundering, and investigations.” in financial crimes and related matters.


She added, “There are extensive programs for the United Nations Development Program in its partnership with the Supreme Judiciary,” noting that “there are unremitting efforts being made by the Supreme Judicial Council and all its cadres to face many challenges, with the aim of achieving justice and promoting economic growth  link


Tishwash:  this is in Iraq’s news


When will the dollar collapse? … an expert explains


The economist Alexander Nazarov conducted a reading of the current situation in the global economy, especially in light of the crisis affecting banks in the United States and Europe, which coincides with efforts to curb inflation.


Expert Nazarov spoke, in a post on his channel on the “Telegram” application, about the factors that will contribute to the collapse of the US currency in the coming years, based on the current economic reality, and pointed to factors such as hyperinflation, large-scale sanctions or a war with China, and a civil war in the United States. .


He said, “I think that political turmoil could start an American civil war in 2024 or 2025, and we are already witnessing what is happening around Trump. The civil war will lead to the collapse of the American economy, causing hyperinflation and destroying the dollar. In addition, the sanctions are widespread or A war with China will greatly reduce the supply of Chinese goods to the world market and the dollar’s trading space.”


He added, “I think this should happen in 2025-2027, and this will lead to global hyperinflation and the destruction of the dollar. The current banking crisis is not over yet. If Western banks fall from the top ten, the magnitude of the shock will force the Federal Reserve to pump not trillions, but It’s tens of trillions of dollars unsecured.”


The expert also talked about digital currencies undermining the position of the US currency in global trade, and said: “This could happen in the year 2024 and lead to hyperinflation. Russia will introduce the digital ruble in the coming months, and China will also introduce the digital yuan, and this fashion is spreading and soon.” A large part of global trade will be conducted in digital currencies rather than dollars.


“In a year or two, especially if Saudi Arabia converts oil payments into yuan, the dollar area will shrink and the amount of unsecured dollars will lead to hyperinflation,” he continued.


As another indicator of the risks surrounding the US currency, the expert referred to the US public debt, and said in this regard: “This year or any year to come, the United States may default on its debt. This will be a giant shock to the global economy and destroy the dollar.”


The expert concluded in his publication that “by 2027 the dollar will certainly not cease to exist, but it will cease to be a global currency, and most likely there will be hyperinflation in the dollar zone.”


The expert pointed out that his comment included the factors that may lead to the collapse of the US currency, but it is not necessary that all or one of them be achieved.  link