Tuesday Morning "News, Rumors and Opinions 1-14-2020
TNT:
Tishwash: China plans to increase purchases of American cars, aircraft and energy
A source familiar with the matter said that China pledges to purchase manufactured goods with an additional value of about $ 80 billion from the United States over the next two years, in addition to more than $ 50 billion in additional energy supplies under a trade agreement that will be signed with Beijing on Wednesday.
The source, who was briefed on the trade agreement, added that Beijing would also increase US services purchases by about 35 billion dollars during the same two years, to support a sector enjoying a rare trade surplus with China.
The one-stage agreement calls for China to raise its purchases of American agricultural products by about 32 billion dollars within two years, or nearly 16 billion dollars annually.
Combined with the base figure for US agricultural exports of $ 24 billion in 2017, the total is close to $ 40 billion, which is the annual goal promoted by US President Donald Trump. link
Tishwash: Pompeo reveals a special secret for the Iraqis ... and what is happening in the closed rooms
US Secretary of State Mike Pompeo said that all Iraqi leaders have told him on special councils
that they support the American military presence in their country, despite public calls for the departure
of American soldiers from Iraq.
The Iraqi parliament voted last week on a resolution demanding to "end the presence of " forces of
foreign in the country, after the air strike in which the Qods Force commander was killed in the Guards
Revolutionary Iranian General Qassem Soleimani and deputy chief of the popular crowd Iraqi Abu Mahdi
engineer near Baghdad.
Said Pompeo, who rejects his ministry often publish details of his contacts, said that what he heard during the talks with about 50 Iraqi officials since the beginning of this month , contrary to what is announced by those in public.
In response On a question during a symposium at Stanford University, the US Secretary said: “They will not say it publicly. But in private assemblies, they all welcome America's presence there and its anti-terrorist campaign. ”
Pompeo stressed that "American soldiers are working to ensure that the extremist organization ISIS does not return and provide the Iraqis with an opportunity to gain the sovereignty and independence that most Iraqis want."
At the university seminar in which former Secretary of State Condoleezza Rice participated, Pompeo said
that he "spoke with leaders of all affiliations in Iraq, including leaders of the Shiite majority."
The United States assassinated Soleimani on January 3 after a series of missile attacks targeting
the US military. US President Donald Trump has threatened to impose economic sanctions on Iraq, if his authorities decide to get out The 5,200 American soldiers.
He said two Iraqi officials were told AFP that the US president warned that his country would freeze the government account of Iraq at the Federal Reserve in New York, what would have disastrous repercussions on the economy of Mesopotamia.
This position comes despite Trump's repeated assertion that the American military deployment is very costly and that the invasion of Iraq in 2003 and the overthrow of Saddam Hussein and the ensuing bloodshed was a mistake. Pompeo stressed that the United States is still interested in reducing its military deployment in the long run.
He said: "Where there is a possibility to reduce the reliance on treasury resources and reduce the number of lives of American at risk, we will do so."
He refused Pompeo last week invited him, resigned Iraqi Prime Minister Adel Abdul-Mahdi,
to send a delegation to discuss the withdrawal of American soldiers from Iraq link
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Courtesy of Dinar Guru
chattels The much talked about 35 billion of Iraq's money held in the USA and the subject of a recent tweet by President Trump is likely the Development Fund for Iraq (DFI) in Federal Bank’s New York branch. These are dollars from the sale of Iraqi oil, IMO.
sandyf Trump said: "We have a lot of their money. There is $35 billion in an account." Guru chattels quote: "My read/take is that Trump said that there is 35 billion dollars in an account belonging to Iraq. That does not mean to me that there is 35 trillion IQD in an account." You are quite right, the accounts show investments held by the CBI in foreign banks, these investments would not be IQD but local currency. Figures are from 2018 accounts and in millions of IQD, so assets to the value of approx 38T IQD in the Bank of New York.
Keiser Report: Capitalism Without Capital (E1488)
Jan 14, 2020
In this episode of Keiser Report, Max and Stacy look at an article from John Authers which basically concurs with Max’s long held thesis that ‘you can’t have capitalism without capital.’
In Authers’ piece, he notes that 40% of the S&P500 are companies with negative tangible book value.
In the second half, Max talks to Tone Vays of Unconfiscatable.com about his reservations about the bitcoin bull market, believing a big pullback is still in the cards before prices can aim for a new all-time high.
Keiser Report: Permanent War, Permanent Repo (E1487)
Jan 12, 2020
In this episode of Keiser Report, Max and Stacy look at the latest phase of permanent war and how bitcoin, gold, and oil markets responded to the assassination of General Soleimani.
They also look at the US central bank seeking ways to make their latest interventions in the repo markets a permanent fixture for bankers.
In the second half, Max talks to Michael Pento of PentoPort.com about his case for gold. Though being not someone who considers himself a ‘goldbug,’ Pento believes there are many things the central banks and governments are doing that warrant a long position in the yellow metal.