News, Rumors and Opinions Friday Morning 7-9-2021
FALSE STATEMENT ABOUT OKIEOILMAN - from Dinarmama7
He loves all you and thanks you for your Submitted by Dinarmama7
This is an absolute lie. OKIE is alive!!!! He is "still looking down at the grass!!!"
Anybody who does this is sick and demented.
This was the post by B***********: OUR FRIEND OKIE THE OIL MAN DID HIS LAST FLIGHT TO HEAVEN TODAY TO BUILT HIS MANSION. OUR PRAYED ARE WITH HIM THANKFULLY FOR SLL WHAT HE DID FOR US
Please continue to pray for OKIE. prayers.
TNT:
Tishwash: Oil records a new jump in prices after a brief fall
Oil prices rose for a second day in a row, on Friday, as data showed a draw in US inventories, but it is heading for a weekly loss amid uncertainty over global supplies fueled by the OPEC + crisis.
Brent crude futures rose 27 cents, or 0.4 percent, to $74.39 a barrel by 0644 GMT, while US West Texas Intermediate futures rose 39 cents, or 0.5%, to $73.33 a barrel.
Prices on both sides of the Atlantic were on track for a weekly loss of more than 2%, affected by the collapse in production talks between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia or OPEC+.
The US Energy Information Administration said on Thursday that US crude and gasoline stocks fell and gasoline demand reached its highest level since 2019, in a sign of increasing strength in the economy.
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Tishwash: PARLIAMENTARY LAW: FINANCIAL ABUNDANCE ACHIEVED DUE TO HIGH OIL PRICES
The Parliamentary Legal Committee confirmed today, Thursday, that the financial abundance achieved thanks to the rise in the price of a barrel of oil could allow a return to the previous dollar exchange rate and address the effects caused by its rise, as well as securing sums that pave the way for the inclusion of new families with social welfare salaries.
Committee member Hussein Al-Aqabi told the official agency, followed by the National News Center, that "there is a financial abundance that has been achieved due to the rise in oil prices, as the price fixed in the budget law is 45 dollars, while the price of a barrel has reached more than seventy dollars, a difference of 30 dollars from approved price.
He explained that "the amounts achieved can bridge the deficit in the budget, as well as address the effects that resulted from the rise in the exchange rate," ruling out "presenting a supplementary budget."
At the same time, Al-Uqabi stressed "the need to invest the financial abundance by securing new sums to include new families in social care," noting that "no sums of money were allocated during the current year to include new families."
On June 11, the Central Bank of Iraq confirmed the stability of the dollar exchange rate and the absence of any intentions to change it.
Yesterday, the economic advisor to the Prime Minister, Alaa Abdel Hussein, confirmed to a program broadcast on the Iraqi news screen, that the rise in oil prices would almost make it possible to bridge the 2021 budget deficit and reduce the dollar exchange rate, which is unlikely because it was approved in the budget. link
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Courtesy of Dinar Guru
MarkZ [via PDK] [What are the white papers?] This is the long term strategic plan Iraq has put into place to bring them into prosperity. It’s kind of like the plan to rebuild Germany after World War 2. It requires a higher value for their currency. When we see them executing their white papers it is huge news for us because it requires a new currency rate.
The Truth about The Shadow Banking !!
Premiered 19 hours ago
The Truth about The Shadow Banking Since the birth of banking, banks have been at the forefront of risk distribution through diversification and hedging.
In the U.S., banks started to sell mortgage-backed debt obligations to investors in the 1960s. The idea was to distribute risk outside the balance sheet of banks, which would make more funds available for lending.
This is essentially the point, when ‘shadow banking’ was born.
In the 1990s, diversification and hedging took a big leap forward when the credit default swap, CDS, was developed. In it, the risk of a loan is offset by a third party to which the bank—or, more generally, the issuer of a loan—pays a fee for the insurance.
For the full transcript go to https://financearmageddon.blogspot.com