News, Rumors and Opinions Sunday Morning 12-8-19
TNT:
Tishwash: Barham Salih And The United Nations Are Discussing Speedy Implementation Of Reform Legislation And Elections
President of the Republic Barham Salih received, today Sunday, at the Peace Palace in Baghdad, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennes Blackshart.
A statement of the President’s Office, which was received by the (Independent) today, said that “during the meeting, deliberations were made about the current conditions the country is going through, and ways of possible solutions that help protect the security and stability of Iraq and the aspirations of the people for reform.”
He added, "The citizens' right to peaceful free demonstrations and the responsibility of the competent state agencies to work to protect peaceful demonstrators and maintain the state's public security and the rights and property of citizens and not to allow chaos and everything that could distort the peaceful nature of the demonstrations were emphasized."
The statement pointed out that it was also emphasized that "the horrific crime that targeted the demonstrators last Friday and the victims of which were martyrs and wounded carried out by gangs outside the law targeted the security and stability of the country in general, and in both cases it is necessary to intensify and strengthen security measures and arrest the perpetrators of the crime and refer them to a fair justice and work Carefully and carefully so as to prevent a repetition of this heinous criminal act, ”according to the statement.
In the political track, the meeting dealt with the constitutional mechanisms and the required political action for the speedy completion of the legal legislation necessary for reform and for the holding of fair elections, as well as the procedures for selecting an appropriate candidate to head the Council of Ministers for the next stage. (End) link
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BaldingEagle: December 15th, is The USA Bill Of Rights Day (1791) which Bill Of Rights was initiated on September 19, 1787 per agreed requirement of The Signers of The Constitution two days earlier.
KTFA:
Thomas: The repo market needed $355 billion over night Thursday to stay afloat. It started small on September 11, 2019 and keeps growing. They are also doing other short term like 14 day repo’s to keep the number lower as to not freak out the public.
Therefore, you have to add up all of the the other short term repos to get the actual number.
It is said that JP Morgan Chase is the one needing the most liquidity money. Also there have been 6 people indicted for criminal charges on the precious metals trading desk at JP Morgan Chase.
All in my opinion of course from my studies.
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Warning From Deutsche Bank's Chief Strategist 0% Growth In The S&P 500 2020, Banks Moving To China
Silver Report Uncut: Dec 8, 2019
Economic collapse news December 8 2019. First we look at the negative expectations coming from top wall street analyst's for the second half of 2020.
Everybody seems to have fallen into the consensus opinion that everything is on hold until it's not.
We focus on the comments from deutsche banks chief strategist who constantly predicts double digit returns for the S&P 500 yet for 2020 he predicts 0% gain for the S&P 500.
We also see top US financial companies are moving to China in large numbers. here's more...Deutsche
Bank Runs in Italy -- Italian Banks Start to Wobble !!
The Atlantis Report: Premiered 3 hours ago
Bank Runs in Italy -- Italy becomes bigger Threat to EU than Brexit !! , Italian Banks start to Wobble !!
Italy’s banking sector is looking increasingly vulnerable and analysts are starting to fear that the euro zone’s third largest economy could “go under,” warning of the potential for bank runs, credit rating downgrades and the threat to the wider European banking system.
Italy could be a bigger threat to euro zone stability than Brexit . Italy is too big to fail, too risky to be ignored.
Welcome to The Atlantis Report. Italy is a country of systemic importance to the global economy. Having an economy 10 times the size of the Greek economy. As such, it has the potential to trigger a global economic and financial market crisis.
Italy is too big to fail for the euro to survive in anything like its present form. Italy’s public debt is officially estimated to be at around 133% of GDP, making Italy the second most indebted country in the Eurozone after Greece.
However, the official Italian debt numbers do not include the Bank of Italy’s debtor position of more than EUR 400 billion in the European Central Bank’s Target 2 accounts. If one adds the Bank of Italy’s Target 2 liabilities to the Italian public debt total, the public debt to GDP ratio rises to 160%, taking that ratio to its highest level in over 100 years.
Sadly, there is every reason to expect that Italy’s Target 2 balance will worsen in the months ahead as the unsettled Italian political situation encourages capital flight.
As if all of this were not bad enough, Italy’s public debt suffers from the fact that at around only 7 years the average maturity of the debt is relatively short. In practical terms, the country will have to roll over more than EUR 600 billion of its debt over the next three years and more than half of its debt over the next five years.
This could prove to be challenging in a less favorable global liquidity environment than at present. The truth of the matter is that Italy’s adoption of the euro in 1999 was a recipe for economic failure., over the past 20 years, Italy has managed to lose more than 20 percent in competitiveness to Germany.
Stuck in the euro, Italy can no longer resort to currency depreciation to correct such losses in competitiveness.
Remarkably, Italy’s per capita income is lower today than it was on the eve of Italy’s euro adoption. Equally remarkable is the fact that over the past decade, Italy has experienced a triple-dip recession, and it is yet to regain its pre-2008 crisis output level.
The only historical analogy to this Italy/EU trade imbalance is - in my mind - WWI war debts, which proved to be unpayable - everybody defaulted.
Essentially one of the causes of the Great Depression.Italy has only one option - leave the euro, and default on its debts.
lack of economic growth has contributed to the weakening of the Italian banking system. That weakness is underlined by a level of non-performing loans that amount to around 15 percent of the banking system’s balance sheet.
For the full transcript go to https://financearmageddon.blogspot.com