News, Rumors and Opinions Friday Morning 3-12-2021
TNT:
Tishwash: Touching $ 70 ... Iraqi oil rose to its highest level in 14 months
Price of one barrel of oil from Basra Light crude touched $ 70 today, in a rise of Iraqi oil to its highest level in 14 months.
And Basra Light Oil, a supplier to Asia, according to the official newspaper, increased by 4.37%, to touch
While the price of Basra heavy oil recorded an increase as well, where the price of a barrel reached $ 65.8, an increase of 4.76. link
Tishwash: The last moments ... Parliamentary Finance reveals the latest developments in the budget debate
A member of the Parliamentary Finance Committee said that "there is convergence regarding the share of the Kurdistan Region in the draft federal budget law for the current year 2021."
Sherwan Mirza said in a press statement, "The Kurdish blocs are waiting for the Shiite blocs to present their last opinion regarding the region’s share," noting that "there is convergence between the two sides in opinions."
He added, "The government proposal and the proposal of the Shiite blocs are close."
Mirza ruled out "passing the budget law in the House of Representatives without the Kurds," noting that "there may be a final agreement regarding the region’s share in the last moments before the vote on the bill in the parliament session scheduled for next Monday."
The Speaker of Parliament, Muhammad al-Halbousi, had directed in the last session to include the draft federal budget bill for 2021 in the parliament session scheduled for next Monday, based on a request submitted by Representative Yusef al-Kalabi signed by 150 deputies. link
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Courtesy of Dinar Guru
Frank26 The moment the Iraqi dinar inside of Iraq goes up in value because they have lifted the 3 zeros off their exchange rate...the Real Effective Exchange Rate will be applied to the Iraqi dinar externally...they are about to give the citizens of Iraq the new small category notes at a 1 to 1 rate for their currency...not only domestically but internationally ...I think in about 8 month approximately give or take you will see not a 1 to 1 rate anymore...it walks toward the REER [Real Effective Exchange Rate]...
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How Central Banks Create Money Out of Nothing
Central bank meetings over this week (Bank of Canada and European Central Bank) and next week (Bank of England and Federal Reserve) will almost certainly be centered around what approach the central banks should take regarding rising government bond yields.
Central banks can choose to continue more of the same, which is to remind markets that central bank policy rates are likely to stay low for the foreseeable future, and hope that longer dated bonds don’t get too high. A second option is that central banks can jawbone yields back down by discussing the possibility of more asset purchases. A third option is central banks could actually purchase additional assets. In particular they could purchase longer dated government bonds to force yields back down.
https://www.investmentwatchblog.com/how-central-banks-create-money-out-of-nothing/
The Currency Reset Has Begun: Gold and Silver Will Be Unobtainable At Any Price!! - Mark Gonzales
I Love Prosperity: Mar 8, 2021
In this video we talk to my personal gold and silver dealer, Mark. I bought the majority of my bullion from Mark, and we've had many fantastic and interesting conversations about the currency reset, gold, silver, precious metals, and what the future looks like.
Mark breaks down his views on Gold and Silver being unobtainable shortly, and how this will impact ordinary people, what the currency reset will look like, the devaluation of the US dollar, and much more...