Okie, KTFA, Atlantis Report and more.....2-28-2020
Okie Update:
OKIE: WELL IT LOOKS LIKE THEY’RE LOOKING FOR A DISPOSAL AREA TO DUMP THE RESIDUE FROM THE DRAINING OF THE SWAMP THAT'S IN PROGRESS.
A LOT OF INDIVIDUALS HAVE THE OPTTION OF RESIGNING OR GO TO JAIL..
THESE INDIVIDUALS WERE RESPONSIBLE FOR THIS (SLIGHT) DELAY. AS I STATED THIS MORNING THIS MAY BE ONLY A FEW HOURS OR A FEW DAYS AT THE MOST
I WILL KEEP ALL OF YOU INFORMED OF A VERY FLUID AND FAST MOVING SITUATION IN REAL TIME———SHALOAM
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 ...everything is ready to go. All you need is the rate. Because the rate change has to come before or with the budget. It's that simple...
Footforward There has been a shift in the middle east and in Iraq. I hope people can see that. It's why I believe the RV is coming. Why I say actual progress is finally being made.
Jeff ...since the beginning of the year I basically said...Iraq would take their sweet time because they really had nothing left to do and that's playing out tremendously within the formation of the government...they are milking the formation of the government. IMO though the formation of the government is done. Complete. I really wouldn't worry about it...we're at the end of this ride...it's all coming together right before our eyes...
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KTFA:
Don961: Al-Hamash: The budget should be calculated at $ 40 a barrel
09:59 - 02/28/2020
Information / private ..
Economic expert, Saleh Al-Hammash, saw on Friday that the budget should be counted at $ 40 a barrel for oil, pointing out that the sovereigns get 40% of the budget, and expenditures can be streamlined to ensure control of the deficit.
Al-Hamash said in a statement to "The Information", that "the 2020 budget must be reconsidered, in order to prepare it well according to a new plan, especially since many things differed from last year."
He added that "oil prices are constantly declining, and the budget must be based on the price of a barrel of $ 40 in order to prepare a correct budget and absorb the changes that may occur in prices."
And that "the budget, in the event that it is calculated at $ 40 a barrel, the deficit in it can be addressed through agile expenditures, especially that 40% of the budget goes to the sovereigns in the country, in addition to that the state has 600 thousand cars and therefore needs constant expenses that overburden a budget Country".
He explained that "the statistics and official data of the International Monetary Fund confirm that the world will not depend on oil as a primary source of the budget by the year 2030, especially as there are many alternatives that have been resorted to in order not to rely on oil." 25 n ended LINK
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Don961: Oil prices are headed for the largest weekly decline in 4 years
15:02 - 02/2820
The information / Baghdad ..
Oil prices tumbled during Friday's trading to their lowest levels in more than a year, and they are heading towards the biggest weekly decline in more than four years.
Investors are increasingly concerned that the Corona outbreak may turn into a pandemic, as the virus is spreading far from its epicenter in China in 46 other countries.
Brent crude contracts, by 04:45 GMT, fell 2.7% to $ 50.36 a barrel, the lowest level in 14 months. And global crude has declined by 13% this week, and is heading towards the largest weekly decline since mid-January 2016.
While the US crude contracts, "West Texas Intermediate" by 2.8% to 45.76 dollars a barrel. By that, US crude has fallen by about 14% this week.
Oil markets hope that the Organization of Petroleum Exporting Countries (OPEC) and its allies will further reduce production. The group known as "OPEC +" said it would adopt a responsible approach in the wake of the outbreak of the virus.
The group, which is currently reducing production by 1.2 million barrels per day to support prices, is scheduled to meet in Vienna on March 5 and 6.
"We believe that a reduction by at least one million barrels per day in the second quarter is necessary in order to simply reduce the accumulation of stocks, we acknowledge that we have underestimated the damage done to demand in the past weeks," said Jason Gammel, an analyst at Jeffreys Consulting.
Global Markets Crashing -- 5 Trillions Gone in Smoke -- Fastest Collapse In History !!
The Atlantis Report : Premiered 72 minutes ago
The global markets are all in freefall this Friday .
$5 Trillion Wiped Out From World Stocks Amid Fastest Collapse In History. Investors are on the retreat worldwide as fears of the virus deepen.
The plunge in global equities has wiped out more than $5 trillion in value, or equivalent to nearly Japan's annual GDP. And this is only the beginning. 1929 will be considered childs play compared to what's coming.
Supply chains are starting to falter, and tourists are staying home. The virus is also sparking the sell-off of pandemic bonds. As the business community struggles to predict the virus' economic fallout, observers warn the virus could be the final blow that throws the world economy into recession.
Global investors aren't waiting for economic data to hit to see how bad things have gotten since the virus has sent China into economic paralysis.
They are selling first and asking questions later. The Dow Jones had its worst one day point drop in history, tumbling almost four and a half percent. That sentiment spilled over to Asia with Tokyo's Nikkei shedding 3 points 6 percent today.
And Hong Kong's Hang Seng also closed down 2 points 4 percent.
It takes a long time and much effort to roll a snowball to the top of a hill, but when you finally get it rolling down the other side, it can only get bigger, and there is no stopping it.
Welcome to the stock market snowball from hell.
For the full transcript go to https://financearmageddon.blogspot.com