News, Rumors and Opinions Sunday Morning 3-7-2021
KTFA:
DeepWoodz: Imo...I almost hate mentioning this but.....
Kinda interesting that Kadhimi is making March 6 a new holiday!
Sunday sure could be a good day for news!
or MONDAYS call could really be proxabulous!
Samson: Al-Kazemi declares March 6 of every year a National Day for Tolerance and Coexistence in Iraq
03/06/2021 16:41:24
Translation..... On the occasion of the historic meeting between the poles of peace and tolerance, His Eminence, the Supreme Leader, Mr. Ali Sistani, and His Holiness, Pope Francis, and the meeting of religions in the historic city of Ur, we announce the mdos on the sixth of March of every year, the patriot day for tolerance and coexistence in Iraq. LINK
Courtesy of Dinar Guru
Frank26 We are blessed that our teams, [Guru] Walkingstick, has a relationship with a firm in Iraq...that has a very good working relationship with the GOI and the CBI...the owners of that firm...two own banks. One of them owns 4 banks in Jordan and the other one owns two banks in Iraq. When the CBI wants to make a move with the monetary reform who you gonna tell? Bank owners in Iraq. Once the CBI has a meeting with these people and they tell them what the next step is, that's public knowledge. Eventually you see it in Articles. But most of the time we share it with you before you see it in articles...we've been proven correct at a very high rate...
Pimpy Here's a biggie. Article: "Oil prices jump 5% ... Brent is above $67" ...spring isn't even here yet, we're already at $67...when it comes to the currency obviously if you budget for $45 a barrel and your entire budget's based on that assumption and it's much higher you get much more higher revenue which allows for the deficit to get paid off quicker, allows for a lot more money to be used to build up the private sectors. These all benefit the Iraqi dinar as the economy begins to grow. So yeah that's exciting news...
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TNT:
Tishwash: Iraq's oil exports to America jump to 68,000 barrels within a week
The US Energy Information Administration announced, on Saturday, that Iraqi oil exports to America rose to 68,000 barrels during the past week.
The administration said in a report that "the average US imports of crude oil during the past week from seven countries amounted to 5 million and 174 thousand barrels per day, up by 1.540 million barrels per day from the previous week, which amounted to 3.634 million barrels."
She added that "America imported crude oil from Iraq at a rate of 68 thousand barrels per day, while it did not import any quantity of Iraqi oil in the previous week."
She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.648 million barrels per day, followed by Mexico, whose imports amounted to 602 thousand barrels per day, followed by Saudi Arabia, whose imports amounted to 368 thousand barrels per day, then Colombia with an amount of An average of 285 thousand barrels per day.
According to the administration, "the amount of American imports of crude oil from Ecuador amounted to 114 thousand barrels per day, followed by Nigeria, whose imports amounted to 89 thousand barrels per day." link
Massive Shorts on 10 Year Treasury Taking Out the Repo Market
Gold/Silver Pros: Premiered Mar 5, 2021
The Repo Market is melting down again, and this is the third time. The first time led to the last financial crisis, and the second occurred in September 2019 when the banking system almost seized up again.
We walk through how the massive shorting, at an almost all-time record, of 10 year treasuries is leading to a seizing up of the repo market again.
Fed Chairman Powell chose to ignore the issue at his appearance at the WSJ event, but the market will surely want to know his response sooner rather than later.
I walk you through the history of the repo market crisis, and why this time is a bit different and carries more risk with it than the September 2019 repo event.
The market is losing confidence in the most liquid and robust Treasury market and I believe this means we are very close to a crisis event in bonds.
This could be foreshadowing the coming black swan event that takes out the world banking system.
I also show you some distributing footage of my trip to the Virginia state capitol and what is going on there. It is highly unusual and could be telling us that officials are worried about much more turbulence coming our way in the economy, and how people may react to it this time in this highly charged environment.