AdminBill: 08/21/16 - A SMIDGEN OF NEWS BUT NOTHING TO RELY ON
WHAT A BORING NEWS DAY IT WAS YESTERDAY. HOPEFULLY THIS WEEK (STARTING TODAY) WILL BE AN INTERESTING TIME IN HISTORY.
WITH THE FINANCIAL WORLD IN TURMOIL SOMETHING HAS TO GIVE SOON IMO.
NOT THAT MANY DAYS LEFT IN AUGUST WITH A NEW FISCAL YEAR FAST APPROACHING AND THE AMERICAN ELECTION JUST AROUND THE CORNER. LET'S SEE WHAT NEWS THE DAY BRINGS.
OFF TO WORK SHORTLY. LET ME TAKE THIS OPPORTUNITY TO REPRIMAND THOSE IN DINARLAND THAT HAVE PLACED THEIR (AND THAT OF THEIR FAMILY) FINANCIAL FUTURE SOLELY ON THE RV/GCR.
SHAME ON YOU! GET AND KEEP A JOB NO MATTER WHAT IT IS.
AdminBill: LIVE IN A PLACE YOU CAN AFFORD. DRIVE A BEAT UP CAR IF NEEDS BE. ALWAYS FEED YOUR FAMILY.
DO NOT EVER SPEND MONEY NEEDED FOR YOUR BASIC NECESSITIES ON CURRENCY OR ANYTHING ELSE THAT TAKES MONEY AWAY FROM YOUR RESPONSIBILITIES AS A HUSBAND, WIFE, PARENT OR AS A CORRECT THINKING ADULT.
MANY OF YOU HAVE LOST EVERYTHING DUE TO CIRCUMSTANCES BEYOND YOUR CONTROL. I WAS NOT SPEAKING TO YOU. MY HEART GOES OUT TO YOU ALL NO MATTER YOUR CIRCUMSTANCES. WE ALL MAKE MISTAKES AND WE HAVE ISSUES TO DEAL WITH. BILL
Suggar: I think that it is happening but as in any HUGE program with many ....many cultures and organizations involved it takes a lot of working and re-working.....it is harder for us because we are on it daily ........I believe that we are close........very close
Harambe: Bloomberg: Iraq Will Boost Oil Exports This Week After Agreement on Kirkuk http://bloom.bg/2bV1efv
Samson: Iran calls for activating the free trade agreement with Iraq
The head of the Trade Development Organization of Iran Waliullah Afkhami rad, in a meeting with Assistant Iraqi Trade Minister and his accompanying delegation, for the activation of Baghdad to the Free Trade Agreement , which was signed with Tehran.
He Afkhami rad that Iran and Iraq have signed a trade agreement in 2014, and that their implementation would directly affect to raise the bilateral trade level, pointing out that the two countries they could be Icheraa preferential trade, the need to work to remove the tariff to certain goods.
He said, Iran is the fact that next to the Iraq border long joint, making the economic cooperation between the two feasible, stressing the need to raise the level of economic relations the trade between the two countries to the level of their political relations.
He noted head of Iran 's trade development Organization, a vast reconstruction operations to be carried out after the liberation of Iraq from the grip of its regions Daesh, declaring readiness of Iranian companies to contribute to this process.
Thunderhawk: Buckle up people- THE BIG ONE!!!!
Why Rothschild is Shifting From US Dollars to Gold, 'Other Currencies'
The Western central bankers are conducting "the greatest experiment in monetary policy"
history with consequences impossible to predict, Lord Rothschild writes, warning that the world is now in "uncharted waters."
Trouble is brewing for the global economy with the consequences impossible to predict, RIT Capital Partners Chairman Lord Rothschild warns in his semi-annual addressto investors, criticizing central bankers for what he called "the greatest experiment in monetary policy in the history of the world."
"The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world," Jacob Rothschild, a British investment banker and a member of the prominent Rothschild banking family, underscores.
"We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale," he stresses.
Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.
Meanwhile, the geopolitical situation is not getting easier: China's economic growth has slowed down, the election atmosphere in the US remains fraught and the conflict in the Middle East continues to rage on. Germany, France and the US have been subjected to terrorist attacks. To complicate matters even further the UK voted to leave the EU.
"In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company's assets," Lord Rothschild emphasizes.
To tackle emerging risks, RIT Capital Partners has adopted a series of measures.
Interestingly enough, Rothschild has signaled that he is shifting from sterling (in anticipation of Brexit) and the US dollar to gold and "other currencies."
"Our significant US Dollar position has now been somewhat reduced as, following the Dollar's rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields," Lord Jacob Rothschild explains.
By the end of June RIT Capital Partners increased their gold and precious metal assets to 8%.
Commenting on the matter, PolitRussia.com online media outlet pointed out that Rothschild's concerns clearly indicate that the global economy is heading to a perfect storm due to the irresponsible monetary policies of Western central banks.
"Jacob Rothschild de facto says that those who manage the Western economies do not know what they are doing, that they are improvising. They have no plan, no precise model or tested scheme, they are performing an experiment with nations pumping their economies with cheap money which they get out of thin air," the media outlet noted.
Although US President Barack Obama has repeatedly stated that the financial crisis of 2008 was over due to the Federal Reserve System's effective monetary policies, this is likely wishful on his part. The media outlet warned that the Fed's policies resemble nothing so much as a dangerous worldwide experiment which may soon bear its bitter fruit.
Purportedly therefore, Jackob Rothschild has reduced his company's equities exposure and the US dollar assets seeking shelter in gold and other precious metals.
"History teaches us that the gold price usually soars during economic crises, civil and world wars," PolitRussia.com underscored, stressing that apparently Rothschild does not believe in the US economy's bright prospects, otherwise he wouldn't have turned to gold.
In April 2016 James Rickards, a lawyer, author, economist and editor of Strategic Intelligence, highlighted that gold has made an amazing comeback this year, adding that investors have always regarded gold as a safe haven.
"Countries are also acquiring gold in advance of a collapse of the international monetary system," he remarked in his article for The Telegraph.
"The system has collapsed three times in the past century. Each time, major financial powers came together to write new rules," the economist underscored hinting at the possibility that the next collapse could be right around the corner.
Late Saturday Night:
DollarBill9: Hello folks any good news tonite please
BigSkyDJ: DollarBill9: I know of 2 people who actually have funds. Not SKRs, promises, appointments, etc. FUNDS IN HAND. It is happening, but very slowly.\
They are Friends of a family member. Have I shaken their hands? No. But they are buying things they never could have before. Didn't have a pot to......................drop pennies in, now dropping large amounts of cash. AND< their phones and computers have gone silent…. One is now getting medical treatment they desperately need.
DocSavage: Wow Big Sky, You been holding out on us? That's some good stuff you brought right there.
BigSkyDJ: Doc: I don't usually post much; more of a lurker. I don't say anything unless I am absolutely sure. Way too much bad or misinformation out there.
DocSavage: Big Sky, How long ago did that happen?
BigSkyDJ: Doc: Within the last 10 days…. I'm always leary about posting things, but what I said I am absolutely sure of, so thought it might give hope
BigSkyDJ: Iraq is one of 209 pieces of the puzzle. They are more of a distraction right now than anything else. The entire planet is not going to wait for Iraq to get it's collective stuff together. Don't rely so heavily on what Iraq is doing, they have been passing laws, arresting bad guys, etc. for years and that will most likely not change any time soon
SassyD: Iraqi Iraqi official: Financial longer the federal budget for next year by 100 trillion Iraqi dinars -- August 20, 2016 -- Link
SassyD: Iraqi planes receive leaflets on the city of Mosul -- 7 hours ago -- LINK
Threw threw the Iraqi air force planes on Saturday, millions of Iraqi publications and media on the Hamam al- Alil area, and the city of Mosul ] advice, controlled by the "Islamic state", Daesh Center.
SassyD: Iraq's budget for 2017: social spending priority -- August 20, 2016 --LINK