More News, Rumors and Opinions Thursday PM 9-29-2022
TNT:
CandyKisses: Oil prices are falling amid the rise of the dollar and economic concerns
Oil prices fell in early Asian trading, today, Thursday, as the dollar's strength and economic problems overshadowed optimism about consumer demand
Brent crude futures fell 59 cents, or 0.7%, to $88.73 a barrel, while US crude futures fell 54 cents, or 0.7%, to $81.59, according to "Reuters". The two benchmark crudes witnessed a rise in the previous two sessions amid trading volatility, after they reached their lowest level in nine months this week.
The dollar value index witnessed an upward trend this morning, after hitting a new two-decade high against a basket of currencies on Wednesday before retreating. A strong dollar reduces the demand for oil by making it more expensive for buyers who use other currencies.
The Bank of England said it was committed to buying as many long-term government bonds, known as gold bonds, as needed between Wednesday and October 14 to stabilize its currency after the British government's budget plans announced last week caused the pound to fall.
Goldman Sachs lowered its 2023 oil price forecast on Tuesday, due to expectations of weak demand and a stronger US dollar, but said the global disappointment with supplies bolstered its outlook for the long-term upside.
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KTFA:
Samson: Samson: The Central Bank announces the achievement of the largest cash reserve in its history
29th September, 2022
The Central Bank of Iraq announced, on Thursday, the achievement of the largest reserve in its history, with a number exceeding 87 billion dollars.
The Central Bank adviser, Ihsan Shamran al-Yasiri, told the official news agency, "The Central Bank's reserves exceeded 87 billion dollars, which is the largest number that the Central Bank of Iraq's reserves reach."
He pointed out that "the Iraqi currency is very strong because the reserves constitute 130 percent of the source of circulation from the funds in banks and others, in addition to its function to meet the requirements of traders to import goods."
He explained, "The reserve is not an absolute number for the economy's recovery, as it previously reached 40 billion, and the economy was recovering, as the lesson is in the financial guidance and financial discipline that the state contributes to making."
He pointed out that "every uncontrolled government spending indirectly affects and decreases the reserve," expressing his hope that "the reserve will exceed $100 billion." LINK
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Courtesy of Dinar Guru
Frank26 Question: "Did you see the governor of the CBI said there is no need to change the exchange rate against the dollar?" He's right. "What? I thought you said they were going to be changing the exchange rate based on everything you're seeing and everything that they're saying...?" The major problem comes in translation...the other problem is the media is lousy and as fake as it can get...it's very rare to get someone to tell you the truth. [Post 1 of 2....stay tuned]
Frank26 IMO there is no reason to do a rate change. They already did it on the second set of books...that the international world...the IMF...the World Bank...the U.S. Treasury knows about. Every central bank in the world probably know about by now. But there is a great need to change the currencies of the CBI just before they introduce a new rate for the IQD...and a new currency to match mathematically the new exchange rate of the IQD. [Post 2 of 2]
ALERT! Its Already Unraveling! VERY Important Updates, What To Watch For NOW.
Greg Mannarino: 9-29-2022
ALERT! End Game for Banks! Get Silver & Cryptos in Your Own Possession NOW or LOSE THEM!!
(Bix Weir) 9-29-2022
We never knew what the actual events were going to be as the "End Game" for the Global Financial System unfolded...but we knew it was coming.
NOW we are seeing the end game unfold and it's an ALL OF THE ABOVE scenario from natural disasters to imploding pension funds in the UK to unlimited money printing in Europe to total and complete incompetence in the leaders of the USA.
Now toss in a natural disaster or two and you have the perfect storm for destroying the old and creating something new.
Today is bad but as we move forward it will get worse and worse until everything breaks. Then we start fresh. Then "We the People" get to choose which Road to take!