Leaderboard

Trump to cut taxes and provide financial assistance to hourly workers n to those airlines hotels and cruise industries....that's all. Expect the market to spike up

3-10-2020 Newshound Guru Jeff ...Friday Brent crude oil was $45 a barrel. As of this evening Brent crude dropped $10 down to $35 a barrel. Everything is moving and happening exactly as I told you it would...remember their goal is to make Iraq look worse than it is...they're doing that politically. Economically. Everything. So now ask yourself why would they have all these crappy lying articles to make the country look like it's completely upside down in terrible shape and then they have these amazing banking articles. That should raise a red flag to you. We're right on track. Nothing on my side has changed... 3-10-2020 Intel Guru MarkZ [...I heard all the same talking points for the global reset in “08…what makes this different.] The biggest difference is CIPS. We now have a backbone…we can work around the central banking system. Also in “08 there were not enough nations who had aggregated gold to back a currency change. …lots has happened since “08…. In “08 you needed the central banking system to move international money…now you don’t and it can happen almost instantly. That to me is the biggest difference.

Yo Snap - Is SandFly The Fifth Candidate ? LINK Deputy: Within two days, one of these five will be chosen to head the next government 9th March, 2020 A member of the House of Representatives, Hussein Arab, revealed on Monday, the decision to choose a candidate to head the interim government within two days. Arab told Mawazine News that "the next two or three days will witness the identification of the candidate for the presidency of the next government," stressing that "one of the following five names: (Muhammad Shi'a Al-Sudani, Mustafa Al-Kazemi, Asad Al-Eidani, Qusay Al-Suhail, Ali My Thanks) will be selected." He added, "The political bloc's discussions are focused on these five only now," noting that "dialogues are continuing between the political blocs to resolve the file of the prime minister." He stressed, "The economic, health and security conditions in which Iraq lives requires the political blocs to think in the public interest and choose a candidate to head the government as soon as possible, and be able to run the state."

Or there's another way to look at this. Yes, low oil prices seriously hurt Iraq as they need $58/barrel to run the country. Although they don't have time to establish and grow other revenue sources, one thing they can do is increase their deliberately-held-down, low rate of the dinar. Most of us here think Iraq has been planning on increasing the value of the dinar all along (heck it's why we bought dinar!), and because it looks like they've been working overtime the past year to get to that point, to me, it actually seems likely that this is what Iraq will choose to do in response to low oil prices.... that is RV their currency and let the market determine its rate. That would immediately give them much more and desperately needed purchasing power. The rub is that now with lower oil prices, the market will not support a high rate (certainly not $3+), but jeeze, you would think they can manage something over a penny and hopefully somewhere between a dime and a buck.

3-9-2020 Newshound Guru Kaperoni ...I wouldn't be so broad is to say nothing happened a lot has happened over the last few years...just not what most are looking for...no doubt there hasn't been any Improvement in the exchange rate but there has been progress over the last several years to diversify the economy. And that will have to continue if this plan of raising the value will ever work...The IMF doesn't want countries pegged. They want them to float and let the world decide the value of their currency. Eventually that will have to happen if Iraq gets substantial investment. (Some 60 billion dollars) to rebuild that they are wishing for. 3-9-2020 Intel Guru Delta Trade Bank of Iraq... "Our dear customers: We would like to inform you that the promotion of personal loan transactions has been stopped until further notice..." [Delta...what does this mean? How does this benefit us?] RATE IS CHANGING...(wink).. 3-9-2020 Intel Guru MarkZ Everybody seems to be in a surprisingly good mood with the world on the brink today…..well, it’s good for us. I think this week we are going to have to sit back, grab our popcorn and watch everything unfold as things go screaming into place for us. Now look at the oil crash today... Oil props up the Petro Dollar...Saudi Arabia just said the US dollar is basically crap... This is big. When you are buying gold you are shorting the dollar. Then Saudi Arabia crashes the oil prices…at present levels oil is expected to close at $27 to $32 dollars a barrel today...it could go lower if Saudi Arabia declares war on the Petro dollar. This is BIG NEWS screaming we are about to have a reset! Just read the news and you will see we are so close to a reset. ..... There is so many economic indicators screaming that there is no place to go. ...Its going to be a interesting week…and we will all be here watching it happen. 3-9-2020 Newshound Guru Pimpy Article Salih: The UN Security Council Sanctions Still Apply To Iraq. ...what that means is they're preventing their currencies from being recognized internationally. This means that Iraq can't really step out on the International market and do business like they need to do. If the rate change happened today...we would have a hard time trying to exchange our money with some of our banks because the currency is not bing recognized internationally. I know Chase Bank is accepting the dinar now at its current rate and my assumption would be that if a rate change happens they would honor the new rate. But there's a lot of banks and a lot of financial institutions that are not recognizing Iraq internationally... 3-9-2020 Newshound Guru Jeff ...we're at the end...all the news talking about Iraq's economics. Political scene. The budget. Everything is complete pure BS...everything is waiting on the rate change including the politics...only one level of news has been accurate. That's the banking news. You guys have seen some really good banking articles through this past week...

We have no idea what the Trump administration is doing behind the scenes but he ain't about to say. It will just happen.

3-10-2020 Newshound Guru Breitling [Q? : Will the lack of a Prime Minister have an effect on the revaluation?] No, I don't see it that way. Remember the CBI is in charge of handing their currency...Remember, they still have PM Mahdi in as an interim PM, and his government is still in place. It's still business as usual. RON

Added at 9:40 AM CST - This is for any of you who might hold the VND in addition to the IQD: 3-10-2020 Newshound Guru Pimpy Vietnam has their ducks in a row way more than Iraq does. They don't have a problem with their government. It's not unstable. Their economy is pretty healthy and things seem to be going pretty good there...Vietnam is ready to really take a more active role on the international scene. They want to start doing business with other businesses in the United States...the banks want to get involved...this is great news if you hold Vietnam dong because the stronger they get the stronger the Vietnam dong becomes...April 6 is [when] the new Trump policies are being implemented that if any country is found manipulating their currency there's additional tariffs, penalties and sanctions put on them. Vietnam was red hot on their list...this is good. This is what we want...

Currencies at the same level playing field.

LINK Parliament intends to add about 700 billion dinars to fill the budget deficit 10th March, 2020 Council of Representatives intends, on Tuesday, to add about 700 billion dinars in debts owed by mobile phone companies to bridge the deficit in the budget of 2020. A member of the Information and Communications Committee in the House of Representatives Aswan Al-Chaldani said that "the committee demanded the recovery of debts owed by phone companies." Mobile to the state’s treasury, or adding it to the 2020 budget to fill the deficit in it, since the Iraqi people are more important to them than others.” Al-Chaldani revealed, "There are great pressures exerted on everyone by influential political parties to impede the collection of these debts from these companies, to be evidence that there are interests between companies and those entities in this vital and important sector, which can be taken advantage of in all aspects of security and economic Social and others." Al-Chaldani estimated the amount of that debt held by companies at "billions of dinars that were arranged over the past years without being paid into the state treasury or contributing to the recovery of the budget."

The Central Bank designs a pooled Islamic financing program (SIFP) Time: 10/23/2020 {Baghdad: Al Furat News} The Central Bank of Iraq announced the design of a pooled Islamic financing program {SIFP}. A statement by the bank stated, "The Euphrates News Agency received a copy of it" in an effort to reduce the unemployment rate and reduce the import gap by supporting projects that have a positive impact in raising the rate of growth of GDP. For establishing market economies by designing a consolidated Islamic finance program (SIFP) that creates opportunities for partnership in financing between Islamic and conventional banks by targeting projects of strategic importance. He added that "This comes at a time when the current economic phase is witnessing a number of challenges in the market of production and consumption, and in order to see the executive controls the basic principles of Islamic finance program complex" .anthy to see the details of the design .. Click here https://alforatnews.com/news/البنك-المركزي-يصمم-برنامجاً-للتمويل-الإسلامي-المجمّع-sifp

KristiD, I will agree but think back to the days when oil was over 100 dollars a barrel an the market could have easily supported the RV but the crooks were making to much money to mess with good think. Now I'm of the belief it doesn't matter what the price of oil that they can RV the Dinar an put it on the world stage an let the market determine what's it worth. Until they can rid themselves of the most of the Iranian puppets their not going to do anything.

Experts and specialists on the collapse of oil prices: Iraq may "austerity" at best and unable to pay salaries at worst Economy 03/20/2020 15:55 2146 Editor: ha Baghdad today - private On Monday (09 March 2020), Iraq and the world woke up to a real catastrophe, which threatens to threaten the economies of the world, especially those that depend on selling oil, in their annual budgets, and the financial affairs of governments, after the sharp drop in oil prices this morning, when the price of a barrel One, 33 - 35 dollars. Iraq relies for several years, totally dependent on oil to run the general budget of the country and the resulting salaries of employees and government spending and establish projects and job grades, where the local industry and agriculture have been absent for nearly 15 years. According to specialists and economists who spoke to (Baghdad today), "the drop in oil prices threatens the government's inability to pay employee salaries, lack of control over the prices of goods and goods, and the black market outbreak." Reasons for the decline in global oil prices The economic expert, Abdul Rahman Al-Mashhadani, revealed in an interview with (Baghdad Today), the reasons for the drop in oil prices to $ 30, and the impact of Iraq, employee salaries and the large percentage of deficits that will affect the budget. The expert said, "The drop in oil prices is part of the oil war between the producing countries, especially after Russia's refusal to reduce prices and their exit from the (OPEC) agreement, as this led to a sharp decline in oil prices," noting that "the thing that deepened the crisis, is the announcement of Saudi Arabia." And other countries are working to increase production in order to make up the difference. " Iraq was affected by the sharp decline in oil prices and the high deficit The economic expert, Abd al-Rahman al-Mashhadani, indicated that "Iraq will sell oil up to $ 29 or less, while this year will be heavy for the Iraqi economy, as the drop in oil by one dollar will lead to the loss of Iraq by one billion and a quarter of a billion dollars annually."He pointed out that "Iraq is currently selling a barrel of oil at the price of 23 dollars, while it was approved in the budget at the price of 56 dollars, which shows a difference of up to 30 dollars." Al-Mashhadani, stressed that "the foregoing will lead to the loss of Iraq approximately 55 trillion dollars, except for the basic deficit included in the budget that has not been approved so far, and whose deficit is estimated at 50 trillion dollars, where the final deficit will become up to 100 trillion." The economist continued, "The government must rebuild a new austerity budget, within the available resources and capabilities possessed by Iraq, and work with expectations in the continuation of the oil war pursued by some countries, amid the collapse of the global economy, which is going through a major crisis, due to the spread of Corona virus, in More than 90 countries. " And, "The Iraqi government will face major problems in providing the deficit requirements, due to the lack of the ability to internal borrow, due to the inability of the central bank, to break the law again, in lending to the government," asking, "The central bank has the ability to provide loans To the government and commercial banks, as previous governments have loans of 15 trillion dinars, "noting that" external borrowing will be difficult for Iraq, after Parliament issued a decision to prevent the government from borrowing, in addition to the fact that many countries will try to borrow abroad. " . Are oil imports sufficient to meet Iraq's financial needs in the event of a continued decline in oil? An economist and professor at the University of Basra, who spoke to (Baghdad today), about the sharp decline that hit international oil prices, stressing that oil imports are not enough to meet the need for employee salaries. The expert Nabil Al-Mousawi said that "Iraq's financial revenues from oil will decrease from 78 billion to 40 million dollars and it will not be sufficient to cover salaries", noting that "what is happening is a financial stalemate due to the economic policies practiced by successive governments to administer Iraq." A financial and economic catastrophe awaits Iraq Member of Parliamentary Finance, Jamal Kujer, told (Baghdad Today), that Iraq is on the brink of a financial and economic catastrophe, in the event of continued decline in oil prices, which today recorded a sharp drop in its prices. He stated that "the citizens of Iraq and the Kurdistan region will pay the price of this catastrophe, because the government relies heavily on oil, and it needs a public meeting to reassure people after panic and fear spread among them." He added, "The drop of one dollar in the price of a barrel of oil means that Iraq lost about one and a half billion dinars," noting that "the only hope that we will not have a severe economic crisis greater than what we went through in 2016 is the disappearance of the Coruna virus and the return of oil prices to normal." He stressed, "The government has to take a set of steps, the most important of which is to reduce expenditures in ministries and local governments, and to strike the corrupt with an iron hand, and this is a historic opportunity because the people will stand with it and also tell the people the truth, because in these circumstances it is not possible to ratify appointments and increase salaries and others, as well as Expedite the formation of the new government or reassign the resigned prime minister, Adel Abdul Mahdi. The oil prices witnessed a sharp drop, on Monday (March 09 2020), which exceeded 20% of the liquid prices yesterday, after Saudi Arabia decided to reduce the price, after the failure of its talks to cut production with Russia. The sharp fall in oil futures prices reached more than 20 percent, to the lowest level since 2016, on Sunday, after Saudi Arabia lowered the official price for selling its crude oil, indicating the start of a price war, after the failure of OPEC talks with Russia to reach an agreement About reducing production. On Friday, Russia rejected OPEC's proposal to make significant production cuts in order to stabilize prices damaged by the economic consequences of the Corona virus. OPEC responded by removing restrictions on its oil production. Brent crude futures fell $ 9.57, or 21.1 percent, to $ 35.70 a barrel by 2216 GMT, while US West Texas Intermediate crude fell $ 8.62, or 20.9 percent, to $ 32.66. In one of the most dramatic sales operations ever, Brent crude futures fell by 31 percent in a matter of seconds at the opening of trading in Asia on Monday, after oil prices have already suffered from the largest losses since the global financial crisis at the end of last week, according to what it reported US Bloomberg Agency. And Saudi Arabia had reduced, at late evening, Saturday evening, the official selling price of April shipments from all its raw materials to various destinations. Riyadh plans to increase its production in the same month to more than ten million barrels per day for the first time since May 2019. LINK

God does nothing without first showing it to his servants, the prophets...however, he doesn't always reveal the timing...just read Hebrews 11, but he often give indicators...like clues to follow. One well known prophet I know (who at the time knew nothing about the IQD) was asked to pray about it. After a couple of weeks said that he saw a strange currency swirling & tumbling about in heaven, and it kept getting larger and larger, and when the time was right and it was large enough, it would fall from heaven to the earth. That was more than 5 years ago. Many big internationally known ministries hold the IQD. Keep the faith. Almighty God is indeed in control. Men plan, but God directs their steps. The timing is His, and we wait for Him. RON

Nice try. A bloated package by Pelosi. Sign it, don't sign it. He will be criticized for it either way.

Low oil prices and this virus means there will be enormous pressure to change the status quo. It may be a tiny virus that initiates huge political and economic change in Iraq. What a strange world. 🙏

Saleh said in a press statement monitored by "Yas Iraq", today, Monday, that the drop in oil prices to less than 30 dollars for a period of not short-term means, of course, dealing with a major financial-economic shock based on the absence of important sovereign resources and depriving the general budget of them, taking into account The country's budgets depend 92% on oil revenues. CBI show us your ace up your sleeve. Go RV Go 1:1

Sure Is .......

Futures & Indexes Last Change % Change Last Updated WTI Crude 32.61 +1.58 +5.08% (10 Minutes Delay) Brent Crude 36.07 +1.71 +4.98% (13 Minutes Delay) Mars US 28.48 -13.50 -32.16% (1 Hour Delay) Opec Basket 48.33 -3.41 -6.59% (3 Days Delay) Canadian Crude Index 17.87 +0.00 +0.00% (1 Hour Delay) DME Oman 33.05 -12.17 -26.91% (20 Minutes Delay) Urals 48.15 -0.10 -0.21% (3 Days Delay) Mexican Basket 35.75 -4.57 -11.33% OPEC Members (Daily Pricing) Last Change % Change Last Updated Murban 34.86 -15.46 -30.72% (20 Hours Delay) Iran Heavy 28.58 -9.30 -24.55% (20 Hours Delay) Basra Light 32.68 -13.66 -29.48% (20 Hours Delay) Saharan Blend 35.97 -10.44 -22.50% (20 Hours Delay) Bonny Light 37.22 -9.11 -19.66% (20 Hours Delay) Girassol 36.93 -9.14 -19.84% (20 Hours Delay) Arab Light 29.05 -23.39 -44.61% (20 Hours Delay) Zafiro 33.43 -15.79 -32.08% (20 Hours Delay) Kuwait Export Blend 49.82 -2.43 -4.65% uae Das 30.70 -18.04 -37.02% (20 Hours Delay)

I never trust Alak for the RV. He'll do everything else except that. Maliki put him in need I say more. They're stealing millions in the auctions, it's a sweet pot why change it that's the way those thieves think.

Didn’t hear that when Barry was President.

It should be number 17😉

THE TRUTH IS OUT THERE

“In the framework of activating this program, the bank formed a committee headed by HE Mr. Ali Mohsen Ismail, the Governor of the Central Bank of Iraq, and the membership of the National Investment Commission as the strategic partner in the SIFP program, government banks and the Association of Private Banks, The committee recommended the implementation of three projects as a starting point for the implementation of the program and projects. The project is to rehabilitate, construct and develop chemical fertilizer plants in Baiji and Abi Al-Khasib, and rehabilitation and development of the glass factories in Ramadi, "This program comes as a step complementary to the success achieved by the Central Bank in achieving monetary stability during the war economy and its transition to the Iraqi economy to the runways of the economy of peace, making the process of targeting growth is a very urgent step." The complex Islamic finance program is the fastest and most advanced means of dealing with the problem of economic development where the financial sector works with the real sector directly without the need for a mediator.”

I can’t give you that advice. Consult your advisor and see what they think. Oil is definitely beat to hell. Will it go back up probably but oil has a lot of problems going forward. I am not a buyer of oil but it might work out well for you and your portfolio. I apologize for the non answer but investing is a personal venture. Everyone has different goals and time frames for attaining those goals. I’m a trader not a broker or an investment guru. The reason I started writing these posts was an attempt to help some who are more active in their investments prepare for what I saw coming on my charts. I hate to see people lose money.

I Nominate Davis!!!

LINK The House of Representatives denies infection of 10 parliamentarians with the Corona virus 19:02 - 09/03/2020 The Media Department of the House of Representatives denied on Monday that 10 parliamentarians were infected with the Corona virus. And the department said, in a statement received / information / that "some local and international media dealt with today, Monday 9/3/2020 news that (10) members of the Iraqi parliament were infected with the emerging Crohna virus." And she added, "In turn, we categorically deny the news that is circulated and which are not baseless," calling on all media to "be careful and objective in reporting the news from its official sources." Earlier, the Ministry of Health announced the death of 76 people due to corona and the registration of 55 HIV infections so far in all of Iraq.

This is what the Iraqis Parliament reminds us of.... They're just keeping busy til Trump pushes the button...lol

Come on Grandma.....snap out of it😊

Yes, I'm sure her version of civilization is at stake; but not for those voting Trump.

New Paper Finds A 16-Fold Increase In CO2 Cools Earth In other words, scientists have found yet another way the claimed “runaway greenhouse” response of the climate system to elevated CO2 turns out to be a false alarm. https://climatechangedispatch.com/new-paper-finds-a-16-fold-increase-in-co2-cools-earth/

So how about some food for thought...... The left created all of this so Trump couldn't do his "mega campaign" events..... The deep state created this as a bio genetic disease with the purpose of killing all the old people.....saving $Billions in Medicare and SS expenditures... The right created this with the intent of stopping the 2020 elections due to health concerns....Trump is coroninated as "King" for the next 4 years.... So which is it.....😮 CL

Looking like Rv Weather.🤑🤑🤑💰💰💰🐫

Thank you and I meant no disrespect nor was I wanting to Imply anyone should believe in anything. Karsten

I've stated on here many times that my belief is that God Lead me to this. Many others feel the same. Hang tough, it's already on its way.. " SUDDENLY" !! Many here desire to move God's Kingdom forward utilizing this blessing. I 100 percent believe it's His plan! Blessed indeed! Daily, I remember not to look at the circumstances that surround us...! God is in total control.. God Bless!!

“If you like your Doctor you can keep him”. “ your Insurance Premiums will come down”. “ shovel ready jobs”. We can go All Night BA. As much as you hate Trump I seriously Do NOT LIKE Dems like Barry, HRC, Pelosi, Biden, McCabe, Brennan and all the other Russian Collusion, traitorous, unlawful COUP People who support Open Borders and Sanctuary Cities.

“Kurdistan Regional Government has suspended all government institutions from March 11 to the 26th of this month” Perfect timing for an RV in March 22/2020. just saying Go RV

Listening to Kim Clement and now all the so called guru's are jumping on a wagon with a little more Religious/God is in Control Messages.....Jeff, Pimpy and MarkZ have all started bringing up the Prophesies of Kim Clement here lately.......Could it all be happening as we are all watching and waiting or is it a matter of simply reading to much into it and making all the pieces seem to fit. Myself, I would like to Think we are God's Will come to Pass. Karsten

Abdul-Mahdi’s financial advisor talks about the worsening economic situation caused by [Corona] Editing Date: 9/3/2020 21:35 • 53 times read http://www.alliraqnews.com/modules/news/article.php?storyid=87666 [Baghdad-where] Mazhar Muhammad Salih, the financial advisor to the resigned prime minister, Adel Abdul-Mahdi, said on Monday that the current budget suffers from a deficit and its size will be exacerbated after the decline in oil prices due to the Corona virus, suggesting that the budget be restructured to address the current economic crisis. Saleh said, in a press statement today, [March 9, 2020] that "the continuation of the decline in oil prices in the global markets due to the Corona virus over a full fiscal year will create a problem in the government financial position," noting that "the only solution to overcome this crisis is to support Resources and revenue. " He added, "This crisis requires the state to go towards external borrowing to bridge the federal budget deficit, which will be exacerbated by very large numbers," noting that "the current budget deficit reached more than fifty billion dollars due to increased expenditures after calculating the price of a barrel of oil at 56 dollars per barrel." . The financial advisor added, "The additions that got the public job by the current government headed by Adel Abdul Mahdi are estimated at about half a million new employees for this year from a group of four million employees," noting that "this number [500 thousand new employees] is an addition to The salaries clause in the operating budget, which ranges from [11 to 13] trillion dinars. And Saleh added, "The biggest cost in the federal budget for 2020 is the [current] operational budget, which constitutes 77% of its total volume annually, and includes the salaries of employees, retirees, social welfare, and the requirements for operating the public job", pointing out that "changing the size of Operating budget is difficult. " He explained, "The government pays about [4] billion dollars a month as salaries for Iraqi state employees," noting that "the daily caretaker government is also not authorized to take many positions to address this current economic crisis," stressing that "the size of the deficit will worsen after The price of oil drops to about forty dollars per barrel, but it is difficult to predict its total volume, "noting that" the Corona crisis has stopped the Chinese economy, which is the locomotive of the global economy, and thus will affect the levels of the global economy. And Saleh estimated, "Iraq’s economic losses [the difference in oil prices] due to the Corona virus are between [50 to 75] million dollars per day," stressing that "the Finance Department of the Ministry of Finance is making continuous and continuous updates to the general budget law." The financial advisor suggested, "Restructuring the federal budget according to the current oil prices to reduce the deficit and address all problems and challenges through reducing many non-binding expenses", pointing out that "the Ministry of Finance has evidence and plans [A], and [C] to meet All expected financial crises, and thus the budget law will be ready if any new government takes over, and will vote on it before it is sent to parliament for approval.

Guessing they’ll run their mouths on this until the “ Camels come home “

I guess B/A thinks tax relief for every American is a bad idea.

I'm happy about this. At least the value is changing (sarcasm).

( IQD Rates - Updated: Tuesday - 3/10/2020 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 3-10-2020) 1196.914 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018) (NOTE: rates were out of compliance for 3 days starting 11-5-2019 & 2 days starting 1-7-2020 Good Morning Dinar Vets Blessings...RON

IQD Currency Exchange Rates Tuesday - 3/10/2020 Exchange Rates US dollar USD 1190.000 Euro EUR 1363.264 Pound sterling GBP 1559.019 Canadian dollar CAD 875.129 Swiss franc S.FR 1285.444 Swedish krona SEK 126.670 Norwegian krone NOK 125.185 Danish krone DKK 182.510 Japanese yen JPY 11.655 Chinese Yuan CNY 171.519 Australian dollar AUD 783.734 Special drawing rights SDR 1665.714 Gold for 24-ounce Gold 1976895.000

Thanks Ron.