IQD CALLS Chat Tuesday Night 4-21-20
IQD CALLS Chat Tuesday Night 4-21-20
Doug_W Comments / Tweets from Kirk Sowell at https://twitter.com/UticaRisk
- For Iraq observers, that loud sound you hear is budget plans crashing even further in Baghdad and Irbil. Think of the years wasted, how nothing was done in either Baghdad or Irbil to learn from the lessons of 2016 & restructure. They are not innocent victims in this collapse.
- With Iraqi oil generally trading a discount, we'll see if Iraq can stay above $20. It is just a question of the degree of collapse at the present time.
- I must add that, like @AMTabaqchali , I laughed out loud when @samya_kullab described Iraqi political leaders as talking as if they could make some minor adjustments & by the time they run out of money, oil $ will just go back up & bail them out. Delusion springs eternal.
- Reference https://twitter.com/AMTabaqchali/status/1252317958174642176/photo/1
- As @AMTabaqchali said, Iraq's external debt is fortunately manageable. The problem is that the likelihood of what we call "internal default" - on salaries, pensions, social benefits - is pretty high.
Futuremoney WTI for June just dropped 47%
Baxter wow
Baxter if ever there was a time for a so called gCR... this is it
uturemoneyjust saw a 2019 promotional video of the CBI...ugggggg how does anyone live in that god forsaken country...dirt everywhere and the people are dirty...ugggh
Doug_W IDK $$ good Question
Doug_W we are really spoiled here in the good ole USA
futuremoney they was bragging on how the building held up against looters in 2003...not by their doing..the building was built in 1958 by GERMAN CONTRACTORS!!!!!
futuremoney all they can build is mud huts
Doug_W they are on teh brink of total collapse too
Doug_W they needed to diversify the economy 10 years ago NOW its too late I believe
futuremoney yep..preached it all the time, and did nothing
Missme Want me to tell you all how I know this is going to RV?
Clay how
Clay please
Clay anything lol
missme Clay Because we're all here! We still believe!
Clay very true
missme Regardless of how we spew our disappointment, we all still believe!
Foxmulder Clay waiting on that stimulus check
foxmulder Clay I'm afraid we might always be broke LOL
foxmulder Kilo of silver 475 .00 today
Foxmulder Wish the coin exchange was open
Xyz Fitch Downgrades Outlook for Trade Bank of Iraq (TBI) https://www.iraq-businessnews.com/2020/04/21/fitch-downgrades-outlook-for-trade-bank-of-iraq-tbi/
xyz The prime minister's advisor reveals the Iraqi negotiating team that will talk to the American side
Abdel-Hussein Al-Hanin, the resigned prime minister’s advisor, Adel Abdel-Mahdi, has announced a proposal to raise salaries for employees in the budget, while setting his ceiling.
Al-Hanin said in an interview with the Iraqi News Agency, "Conscious", that "many proposals were included in the budget law, which will be submitted to the Council of Ministers for a vote, and then sent to the House of Representatives, including preventing more than one salary being paid and choosing the person concerned in choosing who deems appropriate." And included cut off provisions that were not covered by law. "
Al-Hanin added, "The other proposals included in the budget law are setting a fixed ladder with the highest ceiling for salaries for all groups, starting from the presidencies (Republic, Ministers, Representatives) provided that it is 5 to 6 million as a higher ceiling, then it starts down according to the job hierarchy." .
He added, "On the other hand, it was agreed in principle to suspend the repayment of the loans owed by the employee to the state-owned banks, as well as the housing fund until the improvement of the financial situation and the return of market activity, and this may require a year or two or more with the possibility of amortization of debts if necessary."
Al-Hanin pointed out that "the expected deficit in the fixed part of the budget law for the current year is estimated at 20 trillion, which will be variable with the possibility of covering it from the variable price prepared in the budget law, which will also have a role in completing suspended projects, developing the health system, building hospitals and developing roads and schools." And other important projects. "
xyz Nigerian woman, 68, and her 70-year-old husband celebrate as she gives birth to twins https://www.dailymail.co.uk/news/article-8240667/Nigerian-woman-68-70-year-old-husband-celebrate-gives-birth-twins.html
xyz "Fed Can't Print Gold": BofA Calls Gold "Ultimate Store Of Value", Raises Price Target To $3,000 https://www.zerohedge.com/commodities/fed-cant-print-gold-bofa-calls-gold-ultimate-store-value-raises-price-target-3000
Xyz An economist is likely to repeat the US futures crash every month for this reason
https://www.alsumaria.tv/news/اقتصاد/342316/خبير-اقتصادي-يرجح-تكرار-حالة-الانهيار-بالعقود-الآج
On Tuesday, expert and economic advisor Nasser Al-Kinani said that the US oil futures market would be repeated every month on the future maturity of the futures contracts.
Al-Kanani said in an interview with Alsumaria News, "There are three criteria of trading contracts, which are immediate contracts through immediate delivery at a price that is determined immediately,
and the second is futures contracts through the conclusion of a contract between the seller and the buyer and that a shipment of crude oil is received on the date of time and according to the market price At the time of delivery,
the third is future contracts, which are trades 99% of which are paper and not real oil drums according to which a contractual commitment is made between the two parties on the number of barrels with a future delivery date exceeding 12 months or more.
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