More News, Rumors and Opinions Sunday Night 8-9-2020

TNT:

Sunday update for August 9, 2020

The Economic File will be the largest file PM Al-Kadhimi discusses with Pres. Trump in Washington on August 20.

The Iraqi news is saying they are hoping great successes from the meeting in Washington.

Thousands of protestors have blocked all entrances to the green zone and demanding their rights. They are now saying that Al-Kadhimi needs to do the economic reforms now! 

Alf:  don't be surprised if the PM goes to the UN to make the announcement to the world.

Hosackr:  We have always known this wouldn’t happen til the people rise up and forced the issue. It sounds like maybe we are finally there. Think of what a powerful economic stimulus this will be. Trump has maybe been holding this ace in his pocket for just such a situation. This could solve most if not all of our current economic problems within 30 days of authorization. So, let’s do it!

KTFA:

Samson: The Central Bank establishes a banking relationship with Euroclear Bank

9th August, 2020

The Central Bank of Iraq announces that it has completed the procedures for establishing a banking relationship with Euroclear Bank , which is one of the internationally known institutions in the field of securities preservation and investment, and manages bonds for central banks estimated at $ 15 trillion.

He confirms that this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and simulating international practices in the field of reserves management.

The Central Bank of Iraq

information Office

9 August 2020   LINK

DELTA:  THANK U SAMSON FOR YOUR HARD WORK.......GREAT ARTICLE.... CBI START MOVING ....

Euroclear Bank

Euroclear Bank is the premier provider of settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds. We offer clients a single access point to post-trade services covering domestic securities from over 40 markets.

Euroclear Bank is also a single-purpose settlement bank, authorized to provide helpful banking services to facilitate on-time settlement.

Euroclear Bank is strictly risk averse. With AA+ and AA ratings by Fitch Ratings and Standard & Poor’s, respectively, Euroclear Bank ranks among the highest rated companies within the financial industry - for over a decade.

Meeting your international needs

 Transaction settlement – we provide settlement services for transactions in bonds, equities and funds. These include over-the-counter as well as certain stock exchange transactions, free of payment or against payment in over 50 settlement currencies.

Asset servicing – our asset servicing covers all steps in the life cycle of a security, from the distribution of a new issue to timely and accurate custody-related services.

Collateral management – our global Collateral Highway helps you source and mobilize collateral domestically and across borders. Third-party securities lending services can supplement your portfolio returns.

Dedicated fund service – our Fund Settle International service supports both the buy and sell sides of fund distribution, providing automated order routing, settlement and asset servicing.

JamieO:  Well this all sounds totally useless....... OH... Unless somebody plans to be INTERNATIONAL in a very big way.... VERY SOON!

************

Currency365

Should Kadhimi Keep CBI Gov Alaq Before Meeting Trump?

Aug 9, 2020

https://youtu.be/8TNZ-1wgJxw?t=1

Keiser Report | Summer Solutions | Gold goes supernova | E1577

Aug 8, 2020

In this episode of Keiser Report’s annual Summer Solutions series, Max and Stacy chat to precious metals and bitcoin investor Mark Valek of Incrementum.li.

They discuss the ‘FREE MONEY’ cover story on the Economist magazine and how that money printing has caused the rise in gold and bitcoin prices.

The conversation turns to the U.S. dollar as the world’s reserve currency and whether or not Goldman Sachs is correct in their forecast that this exorbitant privilege will soon end.

They look at what role bitcoin and gold will play in a post dollar world and whether or not Elvira Nabiullina will be seen as the Charles DeGaulle of central bankers.

https://youtu.be/dyaJD6bxhZg?t=1

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