Zig’s Place Chatroom News Wednesday AM 1-19-22
Zig’s Place Chatroom News Wednesday AM 1-19-22
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
UNEEK Some interesting Tid Bits while we wait on the news from butterfly:
UNEEK Franklin Roosevelt looked around the room and chuckled when his presidential library opened in 1941. A reporter asked why he was so cheerful. “I’m thinking of all the historians who will come here thinking they’ll find the answers to their questions,” he said.
Everything we know about history is limited to what’s been written down, shared publicly, or spoken into a camera. The stuff that’s been kept secret, in someone’s head, taken to the grave, must be – I don’t know – 1,000 times as large and more interesting.
UNEEK Ulysses S. Grant’s wife, Julia, did not like Abraham Lincoln’s wife, Mary.
When President Lincoln asked Grant to accompany him and the First Lady to Ford’s Theater on April 15th, 1865, Grant declined, joking with the president that it was a command from his wife that he stay home. Lincoln responded:
“Of course, General, you have been long from home, fighting in the field, and Mrs. Grant’s instincts should be considered before my request. I am very sorry, however, for the people would only be too glad to see you.”
Lincoln was shot hours later.
Historian Ron Chernow writes:
Grant would long wonder if his presence at Ford’s Theatre might have altered things and whether Julia’s dislike of Mary Lincoln had inadvertently modified the direction of American history.
Would Grant, with his acute battlefield instincts, have sensed the assassin’s tread? Would he have been more attentive to security concerns and brought his own security guard? Would the omnipresent [aide] Beckwith have sat outside the box, buffering his boss from harm?
So much important history hangs by a thread.
UNEEK President Clinton noted in his January 2000 State of the Union speech:
We begin the new century with over 20 million new jobs; the fastest economic growth in more than 30 years; the lowest unemployment rates in 30 years; the lowest poverty rates in 20 years; the lowest African-American and Hispanic unemployment rates on record; the first back-to-back surpluses in 42 years; and next month, America will achieve the longest period of economic growth in our entire history.
That wasn’t an exaggeration. But it marked the beginning of the worst decade for the stock market in modern times.
In January 2010, President Obama noted in his State of the Union speech:
One in 10 Americans still cannot find work. Many businesses have shuttered. Home values have declined. Small towns and rural communities have been hit especially hard. And for those who’d already known poverty, life has become that much harder.
That wasn’t an exaggeration. But it marked the beginning of one of the best periods for the stock market in modern times.
butterfly Economist: The Recovery Of Oil Prices Is A Justification For Restoring The Dollar Exchange Rate
ECONOMIC 01/19/ 2022 | 11:01 AM The economic expert, Nabil Jabbar Al-Ali, expected, on Wednesday, a jump in oil prices in the coming days, after stabilizing the threshold of 75 dollars, stressing that the recovery of oil prices is a justification to reconsider the exchange rate of the dollar.
Al-Ali said in a statement to “The Information” that “the dollar’s exchange rate depends on a fixed price policy that is not linked to the global economy,” noting that “the duty of pure monetary policy is to maintain stability and try to stimulate economic indicators within the country through per capita income, as well as the poverty rate and the indicator the prices".
He added, "The Central Bank is primarily responsible for monetary policy in partnership with the Ministry of Finance, as well as the Ministry of Planning and the Economic Councils, and they must reconsider the dollar exchange rate, especially since this change came based on the requirements of the government's deficit in the year 2020."
Al-Ali pointed out that “the current government is currently facing an economic well-being that may rise in oil prices in the coming days,” stressing “the need to invest the surplus from oil revenues in economic projects.” https://almaalomah.me/2022/01/19/577421/
butterfly There are more of these "kind" of articles coming up more than throughout this long investment.
butterfly We will pay more for oil/gas but will have the money to pay for it. Those that did not invest won't have that money. Sad.
butterfly Just my opinion of course.
butterfly Oil Is Making An Unprecedented Jump In Seven Years
ECONOMIC 01/19/ 2022 | 9:06 AM The price of a barrel of Brent crude oil has exceeded $89 for the first time in the past seven years, i.e. since October 13, 2014.
The price of March futures contracts for Brent crude rose 0.60 percent to $89.03 A barrel, March futures for WTI crude rose 1.80 percent to $86.36.
As of May last year, “OPEC +” reduced production by 9.7 million barrels per day due to the decrease in oil demand caused by the Corona virus pandemic, and with the stabilization of the situation in the market, the terms of the agreement were modified.
Since August 2021, the parties to the agreement have increased production by 400,000 barrels per day each month, hoping to return to previous levels by the end of September 2022. https://almaalomah.me/2022/01/19/577393/
butterfly Expectations From OPEC To Increase Demand For Oil Strongly During 2022
Economic Last Update 01/18/2022 | 8:52 PM
The Organization of the Petroleum Exporting Countries confirmed, on Tuesday, its expectations of a strong increase in global oil demand in 2022, despite the mutated Omicron strain of the Corona virus and expected increases in interest rates, expecting the oil market to remain well supported during the year.
The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, seen by "The Information", that it expects global demand for oil to rise by 4.15 million barrels per day this year, unchanged from its expectations last month.
The Organization of the Petroleum Exporting Countries added, "The monetary measures are not expected to disrupt the primary momentum of global economic growth, but rather work to re-evaluate the economies experiencing inflationary growth."
And she added, "The oil market is expected to remain well supported throughout 2022." https://almaalomah.me/2022/01/18/577357/
Zig butterfly : :Thankyou: .....The question remains: "restoring" the exchange rate to what rate??.....we just don't know....
butterfly I am "guessing" to when we invaded Iraq.
butterfly Al-Maliki: The Postponement Of The Court Is Correct And An Opportunity To Complete Political Understandings
Politician Last Update 01/19/2022 | 1:16 PM
The representative of the State of Law coalition, Dergham Al-Maliki, considered, on Wednesday, the postponement of the issue of challenging the legitimacy of the first session of the House of Representatives as a correct decision and another opportunity for the political forces to complete their understandings, likely that the Federal Court would issue an explanatory statement related to addressing the constitutional timings.
Al-Maliki said in a statement to / information /, that “the decision of the Federal Court to postpone the hearing of the appeal case in the first session of the House of Representatives is correct,” noting that “the decision to postpone certainly gave another opportunity to complete political understandings.”
He added that "the pronouncement of the appeal case in the session is an influential and sensitive decision that cannot be resolved in one session," noting that "the court will study the case completely and carefully until the final decision is taken."
Al-Maliki suggested that “the Federal Supreme Court will issue an explanatory statement regarding the handling of the constitutional timings.”
butterfly https://almaalomah.me/2022/01/19/577467/
butterfly A Deputy Explains The Reason For The Postponement Of The Federal Court's Decision On The Appeal In The Parliament Session
Politician Last Update 01/19/2022 | 3:01 PM Member of the State of Law Coalition, Mahmoud al-Salami, stated, on Wednesday, that the court's postponement of the case for the first parliamentary session came as a result of strengthening it with new evidence.
Al-Salami said, in a statement to the "Information" agency, that "MP Basem Khashan came with a new set of evidence that reinforces the lawsuit against the first session and its legitimacy, and the deputy deputy and head of the age, Mahmoud al-Mashhadani, submitted a report showing the effects of bruises and proving the assault that took place inside the parliament dome."
He added that "the postponement of the Federal Court's decision on the case until the 25th of this month, came for the purpose of examining the new evidence and reaching a correct decision, which is a positive postponement in favor of the case."
Representative Durgham al-Maliki considered, earlier, the postponement of the issue of challenging the legitimacy of the first session of the House of Representatives as a correct decision and another opportunity for the political forces to complete their understandings, likely that the Federal Court would issue an explanatory statement related to addressing the constitutional timings.
The Federal Court had decided, earlier, to postpone the decision on the appeal in the first parliament session to the 25th of this month. https://almaalomah.me/2022/01/19/577485/
Zig butterfly : Wow am I tired of seeing the name "Maliki" in articles....lol
butterfly Zig oh there are more. People are so so disgruntled with the delay....not this one, no not that one either, on and on and the fed court will decide next week who it will be.......we will see. lol
butterfly Wait did I post next week.....slapping my fingers......it will be next "month" February.
Butterfly Wow what happened to the articles I just posted?
Butterfly They were in reference to a pipeline that exploded and they said that would not raise the oil prices. Well now ain't that nice. Here in the US, they have a fire, etc. the price of gasoline goes up and up.
EYEGUY butterfly small sacrifice for us to pay higher oil/gas prices ....we are fortunate
EYEGUY Zig yep the eternal questions what rate and when ?
butterfly EYEGUY memory is not what it use to be but I think it was 2+
EYEGUY I`ll be happy @ 1 to 1 and NOW!!!! for those of you who want to know my opinion
EYEGUY memory I forgot what that is
butterfly haha
butterfly I tell my d-n-l that computer memory has failed many times of late.
Zig EYEGUY : I honestly would be happy with 5 cents at this point....
EYEGUY lol
EYEGUY with the threat of Putin wageing war wonder what that will do to oil prices
butterfly I want more than a penny, nickel or a dime for all the years that we have had to wait.
EYEGUY and Oil delivery
Zig But many people would be unhappy....I just happen to have a lot of Dinar so 5 cents would be good for ME
butterfly Russia and Iraq are good friends...no problem with Russia getting oil.
EYEGUY I figured that
EYEGUY Russia wants to sell thier oil and gas
butterfly If I posted everything that is going on in Iraq, lordy, there would be no one here or room for them.
EYEGUY pick the good stuff
butterfly Central Bank talked to Lebanon and their moola has increased.
EYEGUY I`d be looking for the rate and date ones :)
Zig butterfly : I like the articles related to the economy
EYEGUY I would like an increase in Moola
butterfly My interest in some of the information is not interesting to most, so I try to keep it to what others like...........moola!
Butterfly Like this article: https://www.thenationalnews.com/mena/iraq/2022/01/18/us-to-hand-over-two-stolen-artefacts-to-iraq/ ............ I guess I have an old soul.
butterfly Dolly Parton turned 76 today.
Butterfly 2022-01-19 03:10 Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) climbed in Baghdad and Erbil today.
Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 148250 IQD to 100.
Our correspondent said that the buying and selling rates of 100 USD in the local markets of the Iraqi capital reached 148750 and 147750 IQD, respectively.
In the capital of the Kurdistan Region, the buying and selling rates of 148400 and 148200 IQD for every 100 USD, respectively. https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-inched-up-in-Baghdad-and-Erbil-6
butterfly Iraq raises its holdings of US bonds by nearly a billion dollars
2022-01-19 23:23 Iraq raises its holdings of US bonds by nearly a billion dollarsShafaq News/ The US Treasury announced, on Wednesday, that Iraq’s holdings of US bonds increased by nearly one billion dollars during the month of last November.
The Treasury said in a table seen by Shafak News Agency, “Iraq’s possession of US Treasury bonds for the month of November increased by 874 million dollars, or 4.29%, to reach 21.238 billion dollars, after it was 20.364 billion dollars last October, indicating that” this Bonds also rose from the same month last year 2020, when Iraq’s holdings of bonds amounted to $19.8 billion.
She added that “Iraqi bonds, including long-term guarantees amounting to 9.088 billion dollars and short-term guarantees amounting to 12.150 billion dollars,” noting that these bonds represent 0.3% of the world’s bonds.
In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, with an amount of 115.2 billion dollars, followed by the UAE with 48.83 billion dollars, Kuwait third with 45 billion dollars, then Iraq fourth, Oman fifth with 5.4 billion dollars, then Morocco with 3.7 billion dollars.
She pointed out that “the most countries in possession of US bonds are Japan, with a value of 1.340 trillion dollars, followed by China, with 1.080 trillion dollars, followed by Britain, with 621 billion dollars, and then Luxembourg with 334 billion dollars.” shafaq.com
butterfly Now tell me this next article is not a good one.
butterfly The Central Bank of Iraq announces an “unprecedented” growth in its foreign reserves
2022-01-19 05:51 The Central Bank of Iraq announces an unprecedented growth in its foreign reservesShafaq News/ The Central Bank of Iraq announced on Wednesday that it recorded a significant growth in its foreign currency reserves last year.
The bank’s media office said in a statement today, that its data “for 2021 showed an unprecedented growth in its foreign reserves compared to previous years.”
The statement pointed out that “this growth was achieved thanks to its various investments and its management in accordance with the monetary policy based on the best international practices away from risks.”
The bank did not mention in its statements any figures that determine the size of its foreign reserves.
shafaq.com
butterfly The Federal Court postpones the decision on the appeal in the first session of Parliament
2022-01-19 Today, Wednesday, the Federal Court decided to postpone the decision on the appeal in the first session of Parliament.
A press source said, “The Federal Court took note of the plaintiffs’ statements about the appeal in the first parliament session.” He added, “The court decided to adjourn the case to the 25th of January.”
burathanews.com
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