News, Rumors and Opinions Thursday Morning 10-8-2020
TNT:
Harambe: CNBC: Oil prices edge up as Hurricane Delta approaches U.S. Gulf of Mexico ... Brent Crude at $42.12
(10/8/20)
Oil prices inched up on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for a U.S. economic stimulus deal and a build in U.S. crude inventories.
U.S. West Texas Intermediate crude futures rose 3 cents, or 0.1%, to $39.98 a barrel at 0435 GMT, after falling 1.8% on Wednesday.
https://www.cnbc.com/2020/10/08/oil-markets-gulf-of-mexico-coronavirus.html
Tishwash: United Nations: The budget deficit in Iraq will reach an unprecedented level
The United Nations Development Program suggested that the budget deficit in Iraq will reach an unprecedented level in 2020.
The Resident Representative of the United Nations Development Program in Iraq, Zeina Ali Ahmed, said that "although the financial conditions and economic conditions in Iraq have been largely positive in the past few years, two major crises have delayed progress, namely the oil crisis and the Corona pandemic."
She added: "This has left significant impacts on the population, especially in the areas of income, jobs and poverty, with a real possibility of significantly high levels of inequality. For example, the report revealed that private sector employees in Iraq are more vulnerable to poverty risks than workers in the public sector, no Especially those with low incomes and workers in the informal sector, as well as families headed by women.
According to the report, it is expected that the gross domestic product of Iraq will decrease by about 10% in 2020, and that the budget deficit in the same year will reach an unprecedented level of nearly 30% of the GDP.
The approach that the United Nations Development Program is proposing to the Iraqi government and other key stakeholders to plan for Iraq's economic recovery is twofold:
(1) The need to quickly identify additional financing options, avoid ill-considered monetary reforms, and improve the quality and targeting of public spending.
(2) Supporting the non-oil private sector in achieving growth and reducing dependence on oil, while continuing to provide job opportunities for a large number of the most vulnerable and low-income families by expanding the scope of social assistance programs.
Zina Ali Ahmed emphasized that "the United Nations Development Program and its partners are ready to support the Government of Iraq in implementing these measures, to achieve economic stability and ensure the protection of the most needy people."
The report continued, "The impact of the oil crisis and Covid-19 on the fragility of Iraq," which was issued in August 2020.
According to the report, it is expected that "the gross domestic product of Iraq will decrease by about 10% in 2020, and that the budget deficit in the same year will reach an unprecedented level of nearly 30% of the GDP." link
*************
Courtesy of Dinar Guru
Delta Everybody knows that the 'white papers' does include a lot of reforms...One of them is the currency reform...the "white paper" is completed and the Office of the Prime Minister Kazemi did receive it this week. He's going to look at it. After he is done he is going to send it to the Parliament...what the white paper is is basically instructions on what they're planning to do to improve the economy of the country. Why are you hiding that? Why is it taking two months? ...there is something going on...what is going on is very very important.
Pimpy we don't know what the rate change is going to be but we know the rate change is being discussed in the reform papers. We don't know what that means though...it's easy to assume they're talking about changing their rate, which makes sense. Don't get me wrong...I just don't want us to jump ahead of the game here. Stay grounded. That is good news. We're all hoping that's what it means...
************
Mel K and Charlie Ward Best Interview Ever (MUST WATCH)
Premiered 106 minutes ago
Please listen to the interveiw on bitchute. A fascinating history of the 12 bloodlines, the US Corp., The Federal Reserve, and much more…………..
PLEASE MAKE A NOTE OF MY NEW WEBSITE http://www.drcharlieward.com all videos will be hosted here for free and daily messages from me. Also, check out these new Charlie Ward videos here http://www.Q17.uk & http://www.wwg1wga.uk & 17Q.uk
GEORGE GAMMON & LYNETTE ZANG: "LIVE"
Streamed live 14 hours ago
With society and the economy now as volatile as it's ever been, everyone's hearing talk about stimulus and bail-ins & bailouts, as if those are even remotely close to a solution.
In this video, Lynette exposes the truth about the 9 biggest banks (including yours), who have everyone's investments leveraged by THREE TIMES THE ENTIRE GLOBAL ECONOMY!
She shows you what to expect with your investments being held under these banks, and explains the reality of the Next Big Gold Rush...