News, Rumors and Opinions Friday 3-20-2020
TNT:
Tishwash: We must stop selling Iraqi oil now ... and selling it for $ 20 is a waste of public money and the right of future generation
The expert in the economic affairs, Safwan Qusai, stressed the importance of pressuring Iraqi oil policy towards an urgent meeting to restore the price balance of world oil;
He said in a statement to the National Iraqi News Agency / Nina / said: Brent oil price now is $ 26.9 in the sense that Iraq sells its oil is currently around $ 20 so on Iraqi oil policy , to press toward an urgent meeting to re - price balance global oil; should also be thinking off sale Because the price is low and it is a waste of public money and the right of the few generations.
"He called on the Ministry of Finance and its supporters to declare a financial emergency to face this situation in all its details and find possible solutions as soon as possible."
He continued: If the people unite and everyone joins together with their various addresses for the benefit of Iraq and not for their personal interests, there is no problem in the Iraqi economy. link
Courtesy of Dinar Guru
Jeff ...Donald Trump told us that the US government has approximately $35 Billion US dollars worth of Iraq dinar in the US reserves. Plus we the investors all hold dinar. Once we go to exchange it through banks and brokers who will eventually turn it to the US Treasury. And all the dinar we have will make it back to the US reserves...what does that mean? As the dinar begins to strengthen and gain value its gonna strengthen the value of the US dollar...right now the US is in one of its worst economic positions it's ever been. All of our financial markets are crashing...the dow this week reached 19,000 points...you would think with how collapsed the US economy is right now that the value of the US dollar would also be down...As of last night the value of the US dollar went above 102 cents...It's at its highest point in three years...this should confirm a lot for you where we're at right now.
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Bail Outs For Everyone! Movie Theaters, American Airlines, $60 Billion For Boeing, The Big Banks...
Silver Report Uncut: Mar 20, 2020
We need to talk about the moral hazards in our new approach to economic crisis. We never heard of any of this previous to the financial crisis and now it seems like the US economy is unable to grow without stimulus and even then economic growth has still be subdued.
Larry Kudlow was attempting to justify the corporate bailouts by saying the Government got a great deal when it bailed out GM. The list of industries that have come calling for a bailout continues to grow by the day.
Boeing, of course, is the number 1 exporter in the US so of course, they believe it is a critical industry. Boeing has been hit from all sides as with the grounding of the 737 and now the declines seen across the entire travel industry.
At least during the financial crisis, they felt the need to explain to us why the use of taxpayer money to support certain corporations in the US. Now it is just assumed and market sentiment matters more than sound economic policies.
These plans don't square when companies like American Airlines spent close to $13 Billion dollars on bailouts the past few years while southwestern airlines spent $10 billion yet when they struggle the amount requested could have been paid if the company had not placed all free cash and even borrowed to fluff their stock prices.
The New America Welcomes You! DID YOU MISS THE RESET?
By Gregory Mannarino
3-19-2020