News, Rumors and Opinions Tuesday Morning 10-27-2020
TNT:
Tishwash: Oil prices are rising after recent sharp losses
Oil prices rose, Thursday, after severe recent losses, but market sentiment remains weak, as the high incidence of Covid-19 hurts the prospects for fuel demand while supplies rise.
By 06:51 GMT, Brent crude was up 1%, at $ 40.88 a barrel.
While US crude rose by 1%, too, to $ 38.93 a barrel. The two benchmarks fell more than 3% on Monday.
The lack of progress on agreeing on a package to mitigate the repercussions of the Corona virus in the United States has been added to the gloomy atmosphere in the market, although Nancy Pelosi, the Speaker of the US House of Representatives, said on Monday that she hopes that an agreement can be reached before the date of the US presidential elections.countries, undermining expectations of the global economy, with record numbers of new cases forcing some countries to impose new restrictions as winter approaches.
“We believe demand from now on will really struggle to grow,” said Vivek Dahar, commodities analyst at Bank of Australia. The restrictions of Covid-19 are all part of that. ”The bank expects US oil to reach an average of $ 38, and for Brent to average $ 41 in the last quarter of this year.
Prices have received some support from a possible drop in US production, as it began Oil companies close offshore platforms as a hurricane approaches the Gulf of Mexico, link
Tishwash: they were arabic docments I was able to translate
The agenda of the parliament session today, with 17 paragraphs
Oct. 27, 2020
Sal schedule Session No. (15) Tuesday 8 / October 2020 Reading verses of the Holy Quran
First: Completion of electoral districts for the Iraqi Parliament election law.
Second: The vote on the draft law ratifying the agreement to avoid double taxation and prevent evasion from paying taxes on income and public capital between the government of the Republic of Iraq and the government of Hungary. (Committee on Foreign Relations). (۲ material).
Third: To vote on a bill ratifying an agreement regarding the establishment of the Global Drylands Alliance. (Committee on Foreign Relations). (۲ material).
Fourth: The vote on a bill for the accession of the Republic of Iraq to the Convention for the Protection and Use of Transboundary Watercourses and International Lakes - Helsinki 18. (Committee on Foreign Relations). (۲ material).
Fifth: To vote on a proposed law to amend the Police College Law No. (2) for the year 2000. Security and Defense Committee). (۲ material).
Sixth: The report and discussion of the second sublime reading of the draft law ratifying the amendments that were made in the years 18 and 2009 to the agreement establishing the World Intellectual Property Organization (WIPO) signed in Stockholm in 1967. (Foreign Relations Committee).
Seventh: Report and discussion of the second reading) The draft law on the accession of the Republic of Iraq to a protocol on preparedness, response and cooperation in the field of pollution of dangerous and harmful substances in the year 2000. (Committee on Foreign Relations). (۲ material).
Eighth: Report and discussion of the second reading) The draft law on the accession of the Republic of Iraq to the International Convention on Container Safety for the year 18. (The Foreign Relations Committee. (Article) ..
Ninth: Report and discussion of the second reading) Draft law on the accession of the Republic of Iraq to the International Hydrographic Organization Convention, as amended. (Committee on Foreign Relations). (۲ material).
Tenth: The first reading of the draft law on the accession of the Republic of Iraq to the International Convention on Civil Liability for Damage to Oil Pollution from Ships in 2001. (Committee on Foreign Relations). (۲ material).
Eleventh: The first reading of the draft law on the accession of the Republic of Iraq to the International Convention on the control of ship systems resistant to sticking and harmful effects of 2001. (Committee on Foreign Relations). (۲ material).
Twelfth: The first reading of the draft law on the accession of the Republic of Iraq to the Protocol for the Suppression of Unlawful Acts against the Safety of Fixed Platforms located on the Continental Shelf for the year 18. (Committee on Foreign Relations). (۲ material).
Thirteenth: The first reading of the draft law ratifying the agreement on avoiding double taxation with regard to taxes imposed on income and preventing tax evasion between the government of the Republic of Iraq and the government of the Kingdom of the Netherlands. (Committee on Foreign Relations). (۲ material).
Fourteenth: The first reading of the draft law amending the law on the accession of the Republic of Iraq to the International Convention on Road Traffic for the year 1968 and the European Agreement supplementing it for the year 2006 No. (20) for the year 2010. (Committee on Foreign Relations). (۲ material). Presidency of the House of Representatives
Fifteenth: First reading of the proposed FAO Authority Law. (The Economic and Investment Committee). (12 articles).
Sixteenth: The first reading of the proposed Law of the First Amendment to the Reform of Inmates and Depositors Law No. (14) for the year 2018. (Human Rights Committee). (۲ material).
Seventeenth: Discussions (15 minutes. ) link
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Courtesy of Dinar Guru
Pimpy Article: "Al-Kazemi spokesman: More than 25 officials are behind bars" Al-Kazemi is no joke. When he is draining the Iraqi swamp he is draining the swamp...quote "25 officials in addition to the corrupt whales [Super wealthy individuals] are under bars and under investigation during the first 2 months of al-Kazemi's government." This is what I'm talking about man. Making these kinds of moves. Let's show the world that you're capable of handling the corruption. I love this news...this is gonna look really good in the eyes of the international community...Al-Kazemi...seems to be the man of the people and I love to see that...
Pimpy I notice that there are people that are getting restless and these people are the new people. What I meant by that is they haven't been holding the Iraqi dinar for about a year and they're complaining already. I tell you there's people that's been in this game for 15, 16 years all right. You can't get frustrated. All you can do is keep an eye on it. There's been more positive news IMO in 2020 than we've seen in a long time that I could remember...stay positive. There are some other good news coming. I'm anticipating that going to happen this week...
Keiser Report | The Ships are 100% Full | E1611
Oct 27, 2020
In this episode of the Keiser Report, Max and Stacy note the corporate buybacks of the biggest US corporations has continued for two decades while in China business is booming and the ships are full.
Ports on the West Coast of America had their busiest September on record as imports from China, the only place open for manufacturing during Covid, boom.
In the second half, Max chats to Andy Edstrom, a wealth manager and author of “Why Buy Bitcoin”. They discuss the wave of corporate buying seeing tens of thousands of bitcoin being added to company treasuries.
Massive Global Stimulus will Ignite Gold & Silver Prices
Life Growth Academy: Oct 25, 2020
oday we consider the vast size of the coming economic stimulus that will see Central Bank balance sheets soar to levels difficult to comprehend.
Just last week, we saw IMF calls for a New Bretton Woods Moment, this is a call for massive global stimulus. But the stimulus that comes domestically will also be vast.
We are now seeing the morphing of monetary and fiscal policy to generate massive stimulus.
David Brady article: https://www.sprottmoney.com/blog/IMF-Confirms-Massive-Stimulus-Ahead-Globally-David-Brady-22-October-2020