News, Rumors and Opinions Thursday 1-2-2020
TNT:
Tishwash: Trump to Abdul-Mahdi: storming our embassy will be matched by a violent response and major sanctions on Iraq
The US President, Donald Trump, threatened Prime Minister Adel Abdul Mahdi with a violent response after storming his country's embassy in Baghdad, and he will be met with major sanctions against Iraq.
A senior official in the General Secretariat of the Council of Ministers, " The telephone call was late between Abdul - Mahdi and Trump" was an unfriendly one hand the last. "
Among that" Trump threatened Abdul Mahdi that any storming of the embassy will be offset by a violent big sanctions on Iraq And remind him that it was the United States that brought them to Iraq. link
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Briona: 2020 is the Chinese year of the rat, and there are a lot of them running the world. We need a large supply of traps
SwampyJack: briona The year of the Rat ?? How appropriate !!! Maybe selling rat traps might be a good business to be in huh??
CharlieOK: Just read an article stating that there were only 3,000 people involved in the US Embassy development. They were paid $35/head. lol. Again we see a mountain out of a molehill.
Briona: I had a feeling they were paid to protest, it is not the first time something like that happened
Ify: 10 years ago when I got into this speculation, I was told it would take 8-10 years for this to happen. I laughed at the words. Well, it has been 10 years to the month when that person said that to me. They were right about that, so I am feeling that this could be The Month and Year…. Not my "seeing" ... that person was known as a "seer" yet I truly doubted them. Chuckled inside but I remember that little smile they gave me when I scoffed at the idea that this would take 10 years. I thought surely the PTB would want this to revalue long before now. Well, here we are waiting, hoping, praying. LoL LoL
SwampyJack: I remember when I was in Germany in 1964 (twenty years after WWII) and the Mark was 4.20 to the USD... by the time I left 2 years later it was 2 Marks per USD... 2 years after than it was 1 Mark per USD... and I refused to belive it would take so long in this venture... maybe 5 years... not 17 years !!
Hotgirl58: Happy New year's a waitress in upper michigan got a tip 2020 dollars she couldn't believe it the guys Bill's was only 23.00 she was so happy it gave her the opportunity to move in a new house for her and kids.
Bluelingo: https://www.ksl.com/article/46698021/single-mom-gets-2020-tip-on-23-meal-for-the-new-year
Courtesy of Dinar Guru
Jeff ...You have to look at Kuwait's as a prime example to gauge Iraq. Kuwait specifically did theirs on a Sunday morning of March 24th of '91. The reason it was done at that time is because that was done shortly before the beginning of their fiscal year which would be April 1st...
Iraq is gonna have to change the rate at the beginning period of a new accounting period...because this is such a major rate change...if it was $3 that would be a 3000% increase. If it was closer to $4 it would be a 4000% increase. That's massive...I've been saying this to my long timers throughout the entire year of 2019...
Iraq already came out telling you they're doing a temporary interim budget at the beginning of the year which means the 2020 budget will not cover starting from January.
They're telling you that they're going to utilize a new fiscal year.
Because of that temporary budget...the factual data shows that they're transitioning back to their previous fiscal year going from April through March...
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KTFA
Samson: China: Economic growth is solid despite massive pressure
1st January, 2020
The Chinese central bank said on Wednesday that economic growth remains solid despite relatively large pressures and growing external uncertainty.
The People's Bank of China said in a statement after the monetary policy committee meeting for the fourth quarter of the year, it will work to ward off financial risks and defuse them amid "profound changes" in the domestic and international economy. The bank added that it would keep the yuan's exchange rate balanced and stable, and would use multiple monetary instruments and a flexible liquidity policy.
He added that he will keep the money supply and social financing growth in line with the nominal GDP growth, according to Reuters. The growth of the Chinese economy has slowed to its lowest level in nearly 30 years, and although economic activity has shown signs of accelerating recently, analysts widely expect that Beijing will implement more stimulus measures in 2020 to prevent a further slowdown. LINK
Keiser Report: The Beginning of the End of Super Imperialism in 2020? (E1483)
Jan 2, 2020
Continuing with their New Year’s Eve celebrations, the Keiser Report is joined by Dr Michael Hudson, author of Super Imperialism:
The Origin and Fundamentals of US World Dominance. Will 2020 see further decline in that super imperialism about which he first wrote all those decades ago?
They discuss this and then turn to the upcoming elections in the US and whether or not he believes the stock market numbers will aid Trump.
Finally, the discussion takes in Hudson’s views on uprisings globally and whether they herald the end of the age of neoliberalism.
Will The Economic Collapse Begin Q2 2020? Worthless Stocks Surge, and More Mass Layoffs!
SilverReportUncut: Jan 2, 2020
Economic Collapse News January 2, 2020. First, we look at the negative value fund and the fact that is has been surging. Now, this fund measures the stocks with negative tangible book value.
Meaning the company realistically cannot pay its debts. Before the great recession, and historically this has remained around 10%-15% we are currently at 40% of publically trading companies have negative book value.
Also, we ask the question is the economic collapse about to begin Q2 2020. The reason why is that during the run up to 2000 the Fed undertook some massive repurchase agreements on a grand scale and the result was a run up in the NASDAQ.
Interesting fact the NASDAQ took the day the repo operations began in 1999 and the week they ended their repo operations the NASDAQ gave up 25% of its value.
The fed's current massive repo operations are set to end in Q2 2020. interesting timing. Also, we cover more mass layoffs at US steel in MI and Mack trucks in PA.