TNT, KTFA, Bix Weir and sRU' Sunday Night 11-3-19
TNT:
Tishwash: Iraq's prime minister urges protesters to stop demonstrations and says the unrest is hurting the economy
BAGHDAD (Reuters) - Iraqi Prime Minister Adel Abdul Mahdi called on protesters on Sunday to help restore normalcy across the country and said the unrest was costing the economy "billions of dollars".
More than 250 people have died since protests began in Baghdad and the south of the country in early October over resentment over economic hardship and corruption.
Abdul Mahdi said in a statement published on Sunday evening that the protests, which "rocked the political system" have served their purpose and must stop affecting the business and economic activities in Iraq.
"Threatening oil interests and cutting off roads to Iraq's ports are causing tremendous losses in excess of billions," he said, warning that the unrest was driving up commodity prices.
Work has been completely suspended since Wednesday in the Iraqi port of Umm Qasr overlooking the Gulf and close to the city of Basra, which receives most of Iraq's imports of cereals, vegetable oils and sugar.
Thousands of protesters blocked all roads leading to the port. On Saturday, police used live ammunition and tear gas to disperse protesters and open roads leading to the port, but failed to force them to leave.
The protests ended a nearly two-year stability in Iraq.
Despite Iraq's oil wealth, many suffer from poverty and have little access to clean water, electricity, health care or education. link
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Tishwash: Prime Minister Adel Abdul Mahdi holds protesters responsible for postponing the Baghdad International Fair and completin
Prime Minister Adel Abdul Mahdi held protesters in Baghdad and other provinces responsible for postponing the Baghdad International Fair and delaying the completion of the 2020 budget.
" We postponed the Baghdad International Fair for a period of time because of the situation, and delayed the completion of the submission of the 2020 budget, " Abdul-Mahdi said in a press statement issued a month after the October demonstrations, and was seen by the economy news .
He added, "Many countries are concerned about the situation of the country, as well as the owners of development projects nationally and externally, not to mention the internal interests that have been stalled by the events, which have been subjected to significant losses, which requires a speedy return to normal functioning."
He stressed that "the threat of oil interests and cut off some roads to Iraq's ports cause huge losses exceeding billions, and delays the arrival of goods, and this and other raises the prices paid by all citizens and the poor, especially disrupting the provision of jobs and the growth of the economy and put patients at risk because of the closure of medical clinics and obstruct the movement of ambulances ". link
KTFA:
Samson: The work opens the door of new inclusiveness for a full-time appointed salary LINK
MilitiaMan: They are talking about 24 hour service and getting text messages as an alert and in all provinces by way of Mastercard.. let’s recall they are going to be effectively more of a cash-less society.. Did we not here about the CBI moving money in all provinces recently? Full time salary.. New inclusiveness!! Timing of so many things coming together. Love it! IMO -MM
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Don961: Exchange rate stability
Sunday 03 November 2019
Free Membership
One of the most important tools that contributed to the stability of the exchange rate of the dinar against the US dollar in the parallel exchange market, is the adoption of a method of sale adopts the implementation of pre-sale in the auction sale of the dollar at the Central Bank of Iraq, where the procedures are met to meet the requests of banks participating in the auction a day ago within days Official working hours or before the weekend and other public holidays, to ensure the financing of foreign trade and cash sale in the following days, and then block the speculators in the parallel market.
This method has been adopted since May 30, 2017, the day when the exchange rate in the parallel market witnessed a decline close to the official selling price, and then this price continued to hold with a simple profit margin in the parallel market despite the relative fluctuations during some exceptional days. In which some speculators tried in vain to exploit the events and data witnessed in the country in order to reap profits.
This approach has been very successful in achieving monetary stability that establishes the stability of the exchange rate in the parallel market, paving the way for an attractive environment for foreign investment, and ensuring the attraction of foreign capital, which is usually looking for monetary stability in investment environments, in order to develop economic feasibility studies that can be engaged in The probability of financial calculations of the project away from the fluctuations of the exchange rate is not calculated due to the data that may be experienced in the investment environment.
Therefore, the stability of the exchange rate in the parallel market these days in which our country is witnessing peaceful demonstrations withdrew its repercussions on the movement of the market and the nature of prices here or there due to the behavior of opportunists and parasites in the market of goods and services, and is clearly a clear indication of the success of monetary policy in the face of data in such Circumstances.
This sends positive messages to the foreign investor about the safe monetary environment and the possibility of establishing feasibility studies for projects based on a fixed exchange rate that is only affected by a narrow range of speculation depending on the location of the data and the time of the event.
Hence, the arrangements made for preparing for an attractive environment for foreign investment, following the Kuwait Conference for the Reconstruction of Iraq held early last year, and the bilateral agreements concluded by the Iraqi governments with many countries and companies are still in their timing, and that the possible changes in the political scene will not be It has an impact on the investment environment, which is supposed to be attractive due to monetary and security stability and the development in the banking sector and the legal environment, after it remained a promising environment for sixteen years awaiting the influx of foreign capital. LINK
Is Money Real or Just an Illusion Based on Faith & Confidence?! (Bix Weir)
Roadtoroota: Nov 3, 2019
What would you do if you found out that the US Government has created "Quadrillions of Dollars" behind the scenes and not told anybody? Would you be mad? Would you be proud of them for fooling the world? Or would you go about your daily lives and not give it a second thought?! More people would just do the latter until it ended... VERY SCARY TIMES!
Economic Collapse News - Buffet Largest Cash Holdings Of Any Company, & Out Of Control National Debt
Silver Report Uncut: Nov 3, 2019
First we look at Warren Buffet's Berkshire Hathaway. The company is now sitting on the largest cash holdings of any US Company. We examine Berkshire Hathaways Q3 earnings report and it show though profits and revenues are up Buffets investments haven't been paying off...
Then there is the possibility he was a net seller of equities in the quarter and last year and has now positioned Berkshire for something big what ever it is.
Next we take a look at the National debt and also the debt service payments of $600 billion. That actually exceeds the total budget for education, agriculture, transportation and housing combined. Its also roughly the same size as the entire medicare obligation. Soon it appears we will be using all new debt to service this mountain we have borrowed.
The deficit is also expected to exceed 1 trillion a year for the forseeable future. And these are supposed to be the good times. Why so much borrowing?