News, Rumors and Opinions Monday Morning 11-23-2020
KTFA:
Samson: Al-Tamimi sets the legal path for returning the smuggled money to the state treasury
19:30 - 21/11/2020
The legal expert, Ali Al-Tamimi, determined, on Saturday, the legal path for returning the money smuggled outside the country to the state treasury.
Al-Tamimi said in a statement to "the information", that "the money smuggled outside Iraq, which is estimated at 500 billion dollars, can be returned through the money laundering agreement for the year 2005 and signed by Iraq in 2007 with the help of these countries, as well as using the American strategic agreement, which came among its provisions in Article 28: Return of the smuggled money.
He added that "there is an amount of 65 billion dollars in the US Federal Reserve frozen by the former regime, which Iraq can claim in accordance with the above agreement for the year 2008," indicating that "Britain has shown willingness to assist Iraq." return that money."
A member of the Parliament's Integrity Committee, Alia Nassif, confirmed that there is a need for government action to retrieve the frozen and smuggled money outside Iraq, explaining in a press briefing that her committee does not have accurate statistics of the value of smuggled money. LINK
DeepWoodz: Imo...almost triple the current reserves to 95+ billion. Is that about right? If so, niiice
Courtesy of Dinar Guru
Pimpy Article "Private banks announce support for central bank reforms to develop the Iraqi economy" the banks are happy about the reform papers...you were told that the rate change is in these papers. We know they told us that the DISCUSSION of the rate change is in the papers. Are they going to announce anything? I don't know. But there' is nothing out there that says that once these are implemented that the rate change would be part of it. All we know it that they told us that they would discuss it. That means the rate change can happen at any time when you least expect it.
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TNT:
Harambe: Reuter: Oil prices extend gains on COVID vaccine hopes ... Brent Crude $45.07
(11/22/20)
Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several countries.
Sentiment was also bolstered by hopes that the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will keep crude output in check.
Brent crude futures rose 17 cents, or 0.4%, to $45.13 a barrel by 0039 GMT while U.S. West Texas Intermediate crude gained 4 cents, or 0.1%, to $42.46 a barrel. Both benchmarks had increased by 5% last week.
“Positive sentiment continues to be driven by the recent good news about the efficacy of coronavirus vaccines in development and the expectation that the OPEC+ meeting at the end of this month could see the group extend current cuts by 3-6 months,” said Stephen Innes, Chief Global Markets Strategist at axi.
U.S. healthcare workers and others recommended that the nation’s first COVID-19 inoculations could start getting shots within a day or two of regulatory consent next month, a top official of the government’s vaccine development effort said on Sunday.
Dr. Moncef Slaoui, chief scientific adviser for “Operation Warp Speed”, said the U.S. Food and Drug Administration (FDA) would likely grant approval in mid-December for distribution of the vaccine produced by Pfizer Inc and German partner BioNTech [22UAy.DE], launching the largest inoculation campaign in U.S. history.
Elsewhere, OPEC+, which meets on Nov. 30 and Dec. 1, is looking at options to delay by at least three months from January the tapering of their 7.7 million barrel per day (bpd) cuts by around 2 million bpd.
But smaller Russian oil companies are still planning to pump more crude this year despite a global deal to cut production as they have little leeway in managing the output of start-up fields, a group representing the producers said on Friday.
Mortgages, MS-62s & 401Ks...Q&A w/ Lynette Zang
Nov 22, 2020
FROM SARI: A client asked about taxes on a 401K. She heard that they were going to start taxing that as of next year. Have you heard anything about that? 1:08
FROM KEELY: John M Asks: Is buying the MS 62s and 63’s OK or do I need to buy a higher grade? For the last five years I have bought 30 ounces of American gold eagle bouillon and have recently started selling it back to get pre 33s 3:03
FROM FERN: Petr: I am currently moving to a new mortgage product and have the option of a 5 and 7 year-fixed rate mortgage and interest only. One at 1.44% and the other at 1.99% for 5 and 7 years respectively. As part of my strategy from what is likely to come sooner than later (economic storm) and my move into gold for safety I am wandering this: Do I fix for the longest term I can at this point to perhaps be able to take advantage of an opportunity down the road to pay off my mortgage. If so would 5 years more than suffice or should I go to the 7 years or neither? The 7 year rate makes my monthly payment about $150 more each month. 4:40
Viewer Submitted Questions: Petr: Can Britannia coins be confiscated by the US government and therefore US coins be confiscated in the UK? 7:00
Jon Reynolds - If they're going to inflate away the debt, don't they need to also stop creating new debt? 8:20
Android_Z - Virtually everyone else says silver is a better investment now. Doesn't silver usually move up more than gold in a bull market? 9:56