By Max Wong
Like every other Wise Bread writer, I hate debt. Although my debt doesn’t keep me awake at night, it is one of the things I think about while brushing my teeth every morning. “What will I do today (brush-brush) that will help me pay down (brush) my home mortgage ahead of (brush) schedule?”
The idea that “many people would rather struggle to pay off a large credit card bill than utter the phrase 'I can’t afford it,'” tests the limits of my financial imagination like a velociraptor tests an electric fence.
It’s so painful, yet I can’t stop thinking about it. Spending money that you don’t have is a type of self-harm that often goes undetected and can have lifelong consequences. (See also: The Enemies of Frugality)
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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Thursday 6-7-18
Zig ZIGGY'S COUNTDOWN TO IMF COMPLIANCE: (IDEA STOLEN FROM "KAPERONI")......7 DAYS...18 HOURS....WILL THEN BE 90 DAYS WITHIN 2% RANGE....CAN THEN APPLY TO IMF FOR ARTICLE 8....THEN WOULD BE INTERNATIONALLY ACCEPTED....THEN THE FLOAT COULD START!..... 'happy-dance.........
Pennywise (Movie "IT"): [Pennywise's face begins changing from a smile to a frown] "Oh, yes... They float, Georgie... They float... and when you're down here with me... YOU FLOAT TOO!"
Baxter we are having a community garage sale for the next 3 days... gonna try and sell some DINAR... at ten cents... ;$$$
Baxter Im gonna be a Millionaire.... ;$$$ ;beach
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KTFA:
Don961: Dr.. Amer Al-Adh *: Analysis and criticism of monetary policy in Iraq
BY IRAQI NETWORK OF ECONOMISTS- POSTED ON 06/06/2018
Summary
This paper seeks to summarize views on Iraqi monetary policy. This research found an inverse relationship between the support of the dollar exchange rate and the price level. The reverse relationship was characterized by the reduction of the dollar exchange rate by one thousand dinars raises the price level by an estimated 690 Iraqi dinars.
This means that the policy of monetary sterilization is counterproductive to the desired policy of fighting inflation. This conclusion is based on data between 2010 and 2015 issued by the Central Bank of Iraq, and the direct cost of the dollar support policy was set at at least 11,062,702,152.15 (more than eleven billion) US dollars.
The main cause of inflation in the Iraqi market is the real side and the high cost of production, employment, incomes, and commodity flows, because of the lack of rule of law and low productivity.
To continue reading please download the PDF file for easy reading and printing. Click on the link below
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RV/INTELLIGENCE ALERT - June 7, 2018
(Disclaimer: The following is an overview of the current situation based on rumors/leaks from several sources which may or may not be truthful or accurate.)
The green light to initiate the RV release protocol was given on June 5th.
The Cabal have increased their attempts to break the system and steal RV funds but to no avail.
Something significant behind the scenes did occur yesterday, June 6th which cannot be revealed at this time.
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KTFA:
Doc.K : Afghanistan announces Eid ceasefire with Taliban until June 20
WORLD NEWS
JUNE 7, 2018 / 2:38 AM / UPDATED 18 MINUTES AGO
https://www.reuters.com/article/us-afghanistan-president-ceasefire/afghanistan-announces-eid-ceasefire-with-taliban-until-june-20-idUSKCN1J30O2
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