News, Rumors and Opinions Saturday Morning 1-20-2021
TNT:
RVAlready: Time to finish the RV. I’m sure the rate has been set by now. Just waiting for CBI to announce. Ready for the number!!!
Cutebwoy: Parliamentary Finance meets with officials from the World Bank
{Baghdad: Al Furat News} The Finance Committee held its meeting with officials of the World Bank.
The Information Department in the House of Representatives stated that “the Finance Committee holds its 35th meeting in which it continues its discussions on the draft Federal Budget Law for 2021, during which it reviews the results of its subcommittees’ meetings with ministries and government institutions.”
She stated that “within the committee’s agenda is to host officials from the World Bank.”
Parliamentary Finance meets with officials from the World Bank
Tishwash: Tomorrow ... a new Kurdish delegation will visit Baghdad in a last attempt before the budget is passed
MP for the Patriotic Union of Kurdistan, Taha Amin, confirmed on Saturday that the Kurdistan Regional Government delegation will return to the capital, Baghdad, tomorrow, Sunday.
Amin said in a statement to "Al-Maalouma", that “a Kurdish delegation headed by the Vice President of the Kurdistan Regional Government, Qubad Talabani, and the membership of both Finance Ministers,
Awat Sheikh Janab, and planning, Dar Rashid and the region, Khaled Shawani, and other officials will visit Baghdad tomorrow, Sunday, in a final round before presenting the budget to Voting in Parliament ”.
He added that "the visit aims to stabilize the region's share in the budget and to agree on mechanisms to deliver the agreed quantity of oil, which is 250 thousand barrels of oil, and will it be delivered in cash or a quantity to SOMO."
Amin pointed out that "we hope that there will be a response to the last visit, because the one who is most affected by the failure to reach an agreement will be the Kurdish people." link
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KTFA:
Godlover: IMO The articles for months had stated their intentions as far as the white paper in the 2021 budget. As well according to CC's the country is having liquidity problems because of the higher exchange rate & the drawing in of the larger notes.
I would think the only way to solve the liquidity problem would be to distribute the NSCN's.(Lower Denoms)
After all, even with an opened budget, wouldn't they still be in the same situation? And they certainly cannot release the NSCN's without a rate change.
Furthermore, I still stand with the idea that whatever a budget is opened at, that will be the rate the rest of the year imo. Voting on the budget & before opening budget makes sense.
Opening a budget & using it, only to then down the line, amending does not make sense to me imo. Plus, why even bother with the NSCN education if it was still down the road?
Ryan1216: "IMO" I fully agree. When the 2021 budget is voted on and opened if it doesn't expose the new rate we can forget it for the rest of this year. It makes 0 zero sense to wait and change. Firefly Eddie did say Parliament recently told the Iraqi citizens that the new rate was being put into the budget. Please no one take my opinion as being A downer but how many times has Iraq told us the great things the 2021 budget contains along with what they're trying to accomplish. Let's see what Monday brings hopefully we're all on the other side at that time . Blessings everyone
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From MarkZ’s site:
Isaac ( In Zurich) : After lots of calls with banks , buyers , whales and paymasters seems like it has started and next week should be a great one ….Lots of movement in Zurich and appointments for Tuesday Wednesday and Thursday
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Courtesy of Dinar Guru
Mike Cottrell [via PDK] [What timeframe/window are you hearing for the RV?] The window is anytime. We are looking at the first financial quarter of the year...I think the window is any time….I would look for it at any moment. …The timeframe that was always given to me was Thurs, Fri, Sat, Sun…Saturday night is when all the banks shut down worldwide for at least an hour to redo their books for going into Monday’s business…
MarkZ [via PDK] We have always been told the ideal window was a Saturday Night between 11 pm est to 2-3 AM est…This is the ideal time because of the lack of numbers going through the financial system. It’s a quiet time and the easiest time to flag any nefarious things going on….We have always been looking at this timeframe. Yes they could do it other times….but Saturday night is the one that makes the most sense...With the QFS system they do have more flexibility then they had before.
Keiser Report | Companies Pour Money Into China | E1652
Jan 30, 2021
In this episode of Keiser Report, Max and Stacy look at the options trading that led to GameStop debacle and the surge in foreign direct investment into China and the collapse into the US that may lead to the next.
In the second half, Max continues his interview with investment manager Lawrence Lepard about the return of the commodities bull market and the price predictions on bitcoin from Wall Street.