More News, Rumors and Opinions Sunday Night 10-16-2022
KTFA:
Samson: In flagrante delicto.. A woman was arrested in possession of a forged sum of money in Baghdad
10/16/2022 18:41:32
Agency of the Ministry for Police Affairs - Najda Police Directorate Baghdad
Under the follow-up and supervision of the Director of Police Najda Capital, Baghdad, Major General Sabah Abdul Hassan Al-Rubaie, Al-Ghazaliya patrols were able to arrest a woman and seized a counterfeit currency denomination (25,000).
He went to her whereabouts, arrested her, and seized a sum of money (350 thousand dinars) in her possession. LINK
Samson: Announcing the imminent opening of the first factory for the production of Toyota cars in Iraq
16th October, 2022
The director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, revealed on Sunday the imminent opening of the first factory for the production of Japanese Toyota cars in the province.
Al-Obaidi said in a statement to the "Information" agency, "The Governor of Anbar, Ali Farhan Al-Dulaimi, held negotiations with the Japanese Toyota Company in order to transfer one of its production plants in Japan to the 18 km area west of the city of Ramadi to meet the needs of the province and other provinces of Japanese cars with a prominent mark ( Toyota).
He added, "A delegation from the Japanese company Toyota made contacts with the governor of Anbar to establish the first factory for the production of Japanese Toyota cars in Anbar, after choosing the location of the plant and designing it according to the requirements of the concerned company."
Al-Obaidi explained, "The Governor of Anbar, Ali Farhan Al-Dulaimi, will visit Japan next week in order to put the final touches to sign a contract for the production of Toyota cars in Anbar, in a step that is the first of its kind in Iraq," stressing that "the concerned company informed the local government in Anbar its willingness to fill the governorate and other governorates need Japanese Toyota cars."
It is noteworthy that a number of delegations of Japanese investment companies visited Al-Anbar province earlier and were briefed on investment opportunities and expressed their willingness to work in the province's cities. LINK
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Mazhar Muhammad Salih: The financial surplus will reach $20 billion within 60 days
15th October, 2022
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Saturday, that Iraq will achieve a financial abundance that may reach 20 billion dollars during the next two months.
And Arab media quoted Saleh as saying that "Iraq's foreign reserves may reach 90 billion dollars at the end of this year, and most of these reserves are for the Central Bank, as a cash cover for the Iraqi dinar."
He described the central bank's foreign currency investment portfolio as a "sovereign fund or quasi-fund."
He also called for the establishment of what he described as the "Generation Fund", adding: "The establishment is one of the savings in the general budget, which may reach the end of this year 15 to 20 billion dollars, which must be invested after the issue is legally adapted, through the Reconstruction Council, especially in projects Infrastructure and productive activities to bring about a renaissance in the Iraqi economy. LINK
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Courtesy of Dinar Guru
Frank26 Article: "Economist: The new government has a golden opportunity to reduce the dollar exchange rate" THERE IS A DIFFERENCE BETWEEN REDUCING THE EXCHANGE RATE AND CHANGING THE EXCHANGE RATE!!! YOU CANNOT CHANGE THE US EXCHANGE RATE BUT YOU CAN REDUCE IT! Quote: "The increase in oil prices and cash reserves will enable the new government to gradually reduce the dollar exchange rate during the next stage" THIS IS THE FLOAT... NEXT STAGE.
MilitiaMan Article: "The United Nations: Assigning Al-Sudani to form a government paves the way for addressing Iraqi issues" The language that is used is strong. The UN now expects the plan to take shape and it is an urgent matter. I am sure the pending issues for the people is Exchange Rate related. The opportunity is now and it is a golden one. Now that the UN doesn't have to put Iraq back into the stone age again (Chapter 7) we are likely to see results from the new government as planned and is expected.
MARKETS A LOOK AHEAD: "SCREW-US-ALL." Is The US Treasury Going To BUY ALL THE DEBT?
Greg Mannarino: 10-16-2022
Why Did Switzerland Just Get $6 BILLION From the Fed
Heresy financial: 10-16-2022
Last week, the Federal Reserve opened up its swap lines to the Swiss National Bank to the tune of over $6 billion. The $6.3 billion draw comes on the backs of about $3 billion just one week earlier.
To put this in context, this is more than the Swiss National Bank drew from the Fed swap lines during 2020.
So, number one, what are these swap lines How do they work? And number two, why in the world does the Swiss National Bank need $9 billion right now?
Timecodes
0:00 Video Overview
0:36 Intro
0:44 Bear Market Investing Guide
1:21 Swiss National Bank Drew $9 Billion from Swap Lines
2:31 Swap Lines
6:09 Outro