Emailed to Recaps:
Sam Oliver - "We Are Fast Approaching The Point Where Banks Run Out Of Liquidity." JP Morgan. April 28, 2019.
Here is what is going on folks, and you are about to see the market make a lot of moves at this point. There is not enough buyers and sellers anymore to ensure that prices do not move very much.
What does this mean? Volatility. What does volatility mean?
Consumer Confidence issues. What does Consumer Confidence issues create?
Investors moving to safe haven assets such as gold, silver, copper, and more. (Houston, we have a problem.)
The market is always in corrections every day. It looks like we are about to see more than we are used to seeing. Hang on. Watch for currency corrections to be made to balance forex trade prices that will be changing. Sam Oliver
Sam Oliver Take a look at these charts. Most traders are going long these days. This means they own the asset. Going short means someone else owns it. It looks like people are lacking confidence in the fiat system. As this continues, you will see more Market Corrections.
If the Euro goes, we become vunerable. Negative Interest Rates 'Very Bad News for Europe,'
Folkerts-Landau Says https://www.youtube.com/watch?v=OLw04ggoySE&feature=youtu.be
EMailed to Recaps:
Gerry Maguire: Please share this everywhere .
Yes there is trading going on international…. there is not individual exchanging going on . Please step back and breathe . We are close ….just waiting on China trade deal to be finalized.
I have heard all the talking heads pontificate about what is happening. Yes IQD is international, IT ISNT AVAILABLE FOR INDIVIDUAL EXCHANGE here or anywhere else, we are waiting on the China trade deal PERIOD. Some will disagree…. It’s my opnion…….. NO ONE knows the time or day
U.S. Treasury Secretary Mnuchin Says Chinese Trade Deal Near Completion https://www.bloomberg.com/news/articles/2019-04-29/u-s-china-talks-to-resume-as-world-awaits-trump-xi-meeting-date
Recaps Note: Paperboy- a mod at TNT passed away last night…Our thoughts and prayers are with the friends and family. RIP Paperboy
Harambe: Reuters: Iraq will 'cooperate' with Siemens on power grid plan (11/29/19) https://reut.rs/2VvSPVb
Harambe: Reuters: Iran inflation could reach 40 percent this year as economy shrinks further - IMF https://reut.rs/2IN5EV0
Harambe: CNBC: US-China trade talks are in 'final laps', Treasury Secretary Mnuchin says https://www.cnbc.com/2019/04/29/us-china-trade-talks-are-in-the-final-laps-steven-mnuchin-tells-nyt.html
Tishwash: In anticipation of economic sanctions affecting ... Russia is looking to use local currencies with Iraq instead of the dollar
Iraq and Russia are seeking to use national currencies in commercial transactions instead of the US dollar.
"The use of national currencies has been discussed and placed on the agenda for future meetings," the daily Kommiarant said in a report.
"A program launched in Russia since 2018 aims to reduce the dependence of the Russian economy on the dollar, in anticipation of any economic sanctions that may be imposed by the United States, as this will reduce the impact of sanctions on the economic system in them," the COMESARNET said.
It is noteworthy that an Iraqi-Russian agreement stipulated the establishment of joint cooperation committees, which meet semi-annually, to achieve common economic benefits. link
Tishwash: Iraq is looking with China to re-activate the road to ensure the movement of goods easily
Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein discussed the re-activation of the belt road to ensure easy transport of goods between the countries of the region during his meeting with the Chinese fencer Zank Tao and the accompanying delegation.
"The deputy prime minister congratulated Tao on the occasion of his new position as ambassador of the People's Republic of China in Iraq," a statement from Hussein's media office said.
"During the meeting, they exchanged views on strengthening economic relations and developing trade balance between Iraq and China," the statement said.
"Zank Tao stressed the keenness of his country and Chinese companies and businessmen to participate in the reconstruction and construction campaigns and provide the necessary assistance to ensure oil for investment," the statement added.
The statement added that "the two sides discussed the importance of re-activating the road belt, what was called the Silk Road to ensure the smooth movement of goods and goods between the countries of the region."
He also reviewed the work of Chinese companies in Iraq and some obstacles to their work and the two sides discussed solutions to overcome these obstacles.
The meeting was attended by the Political Advisor, the Commercial and Political Attachés of the Embassy and the Advisor to the Committee on Economic Affairs. link
Samson: Bank of Baghdad: The Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability
29th April, 2019
The Chairman of the Board of Directors of the Bank of Baghdad, Essam Ismail Sharif, that the Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability in spite of the circumstances experienced by Iraq
"In 2018, the Central Bank of Iraq, through its strategy of managing monetary policy and strengthening the pillars of monetary stability despite the circumstances in which the country was going through, succeeded in overcoming these conditions," Sharif said in his annual report issued by the Bank of Baghdad.
While maintaining the exchange rate of the dinar to the dollar within the parallel market prices
He stressed that "the Central Bank continued to provide short and medium-term credit lines to finance the economic sectors, including small and medium-sized enterprises within the preferential interest rate, and in the liquidity side work to pay part of restricted cash with its branches in Sulaymaniyah and Arbil to Iraqi banks
He continued his leadership role in the development of electronic payment methods and the process of settling salaries in Iraq, and on the technical side issued the Central Bank of Iraq instructions for the application of capital adequacy according to the Basel III standard, which began to be applied experimentally on the data of the third quarter and fourth and will be adopted from the year 2019
He pointed out that "the Iraqi economy is expected to achieve growth of 6.5% during the year 2019, in light of improved macroeconomic factors and the deficit of the general budget of the state and the need for the country to reconstruction projects of infrastructure
He pointed out that "the Bank of Baghdad has been able to grow its financial position and size of customer deposits and achieve a part of the qualitative and quantitative achievements at the administrative and regulatory levels and maintain liquidity and improve the quality of assets, which will maintain its position within the Iraqi banking sector," explaining that "the capital adequacy ratio reached 127% Which exceed the indicators of global requirements and the Central Bank of Iraq
He pointed out that "to meet the requirements of customers at the bank has re-completed the spread of its distribution channels and develop, whether opening branches at their new sites and start rehabilitation of the branches of Mosul and Tikrit and Anbar to be within the branches operating in 2019 in addition to the expansion of electronic distribution channels in terms of exchange, A cashier and is planned to reach 62 cashiers LINK
Rommy: To see banking education being spread throughout Iraq is truly phenomenal. What did we just learn about Basra? While the citizens acquire bank accounts, surely they are pointed to the new window to obtain new lower denoms! They have the ability to get paid, operate and purchase via electronic mechanisms and systems. They are making a quantum leap into the international world of monetary technology. And like a dog wagging its tail, what comes with these new systems? Iraq is ready to unleash the kittens/coins and you know what that means!
Popeye7: This is my favorite article of the day... Thank you for bringing it Samson... The parts that really got me excited were the expected growth of 6.5 percent (read articles not too long ago that indicated growth was going to be in the 2 to 3 percent range within Iraq), as well as the capital adequacy ration of 127 percent which Samson highlighted... KABOOM... Wake up call...
Samson: Economic Report: Iraq thus helped the international material market to grow
29th April, 2019
An economic report by the International Market Observatory (IOM) on Monday revealed a significant and continuous growth in the world's medium-sized goods consumption market, with factors in Iraq playing one of its most important roles.
The report, which was translated by "Al-Gharab Press", that Iraq in the first place and during the years of the war with the organization calling the terrorist, was "one of the most important consumers of hardware in the Middle East," followed by Syria and Afghanistan.
The report said that one of the reasons why Iraq has become an influential factor in the growth of the market of equipment expected to reach 161 billion dollars by 2024, is "the absence of a policy of protection of a local product or the existence of the same domestic product, which will provide, will be a barrier to the acquisition of companies Weapons to equip the Iraqi forces through government mediation."
It is noteworthy that the report did not disclose the expenditure of Iraq or the quantities purchased from the equipment during the past years, as security information can not be launched without obtaining official documents, according to the site. LINK
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