KTFA, Buffet, Rickerds and Zang Wednesday Morning 10-16-19
KTFA:
Samson: Trump: Pence and Pompeo leave for Turkey tomorrow
15th October, 2019
US President Donald Trump announced that Vice President Mike Pence and Secretary of State Mike Pompeo will travel to Turkey tomorrow to negotiate with President Recep Tayyip Erdogan on the situation in northeastern Syria.
Trump told reporters on Tuesday that Pence was preparing to make an "important trip" to Turkey on Wednesday as part of a US delegation led by him and Pompeo.
CBS said Trump had instructed Pene and Pompeo to succeed in negotiations with Erdogan on a ceasefire in northeastern Syria, where Ankara is launching a "spring of peace" operation against Kurdish factions, in order to reach an agreement between Turkey and Kurdish forces. LINK
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Samson: Al-Mashat: Issuing smart cards for the daily wage earners will contribute by adding financial enhancements to them
14th October, 2019
Chairman of the Board of Directors of the Arab Islamic Bank, economic expert Sadiq al-Mashat, on Monday, that the government's orientation to issue electronic smart cards to the owners of daily wages in the country is a contribution to add financial reinforcements for them.
Al-Mashat said in a press statement followed by (Mawazine News), "This step to receive the owners of daily wages through the smart card will give the owners of that class to take loans from government and private banks in addition to their purchase of cars and other consumer goods monthly installments and payment for Through the card and does not need a guarantor."
Al-Mashat pointed out that "the actions of the current executive authority are going properly to calm the Iraqi street and implement the legitimate demands of the people." LINK
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Samson: IMF expects oil prices to fall to $ 61.8
15th October, 2019
The International Monetary Fund (IMF) predicted on Tuesday that oil prices will fall to $ 61.8 in 2019 and $ 57.9 in 2020, compared to about $ 68.33 a barrel in 2018.
In its report in April, the IMF expected oil prices to reach $ 59.16 a barrel. in 2019, and $ 59.02 per barrel in 2020. The IMF said in the report released on Tuesday, said he expected oil prices to fall to around $ 55 a barrel by 2023.
Oil prices rebounded sharply at the start of the year, surpassing $ 71 a barrel in April, the highest level in 2019 driven by positive momentum in financial markets, lower supply, and a decline in US crude oil inventories. Since then, oil prices have fallen dramatically due to record production growth in the US and low global economic growth, especially in emerging markets. Due to falling prices, OPEC +, which includes OPEC members as well as independent producers, agreed to extend the 1.2 million barrels per day (bpd) cut to the end of the first quarter of 2020, which came into effect in early 2019. Oil prices fell to $ 55 in August, before rebounding above $ 60 in September.
Earlier on Tuesday, the International Monetary Fund (IMF) lowered its forecast for global economic growth this year to 3 percent, compared with a previous forecast in July of 3.2 percent. Growth in 2019, the slowest since the global financial crisis in 2008, was attributed to the diversification of risks associated with existing trade tensions, the slowing of emerging economies, those related to Brexit and the economic mood, IMF officials said. LINK
Courtesy of Dinar Guru
Francis Albert : I have no sources, just a pretty good understanding of finance, Central Banking etc. and there's no way one can objectively look at the actions of the CBI over the past few years and especially the past six months, and come to any other conclusion that there's currency reform underway in Iraq...everything they've done and are doing as we speak is just what investors in this want to see.
Warren Buffet's Recession Proofing Move To Cash Has Some Shareholders Abandoning Berkshire Hathaway
Oct 15, 2019
Warren Buffet as we know has moved almost everything to cash in preperation for a recession and an "Elephant sized aquisition's once prices drop". In preperation for the coming recession Buffet has put it all on black it seems. In fact Berkshire Hathaway now is holding the largest ever cash holdings. This has upset some long time shareholders who now believe Buffet may have lost his edge. Also They point to Buffet's recent stake in Kraft-Heinz and IBM which have performed terribly.
Jim Rickards Confirm : Biggest Currency Reboot in 100 Years ... October 30th? Currency Reset
Economic Predictions 2019
REPO VS QE, GOLD STANDARD, BANKS… Q&A with Lynette Zang and Eric Griffin
Streamed live 16 hours ago