DeepWoodz: Imo...Some fun math facts. Someone please check me.
Iraq is making approximately $65 a barrel.
First quarter oil sales = 260 million barrels.
x4 for the year= 98,020,000,000,000 iqd
Now they been saying about a $20 billion deficit depending on which article you read. BUT......
using the SDRx3 which equals $4.32 as what we think is a possibility.
4.32x98,020,000,000,000=after rate change is
423,446,400,000,000 Dollars. Yes that’s trillions of dollars.
Chomping at the bits I think.
Samson: The House of Representatives postpones its sessions until after Eid Al-Fitr
13:51 - 05/04/2021
The independent representative of the victory coalition, Nada Shaker Jawdat, confirmed, Tuesday, that Parliament will not hold any session before the beginning of the blessed Eid al-Fitr holiday, indicating that the Parliament's sessions will start after the Eid holiday by a week at the most.
Jawdat said in a statement to "the information", that "the members of the House of Representatives were not able to attend parliamentary sessions during the days close to the Eid al-Fitr holiday, and that the deputies of the region and the provinces left Baghdad and did not return until after the Eid holiday." She added that "the claims of some parliamentarians about calling the parliament to convene for necessary reasons will not be accepted, and that the next session will be held after the Eid holiday, at most.
It is noteworthy that a number of deputies demanded the Presidency of the House of Representatives to invite Parliament to hold a special session to discuss Turkey’s violation of national sovereignty and the minister's wandering of its payment inside Iraqi lands without permission or approval from the federal government. LINK
Tuesday Night X22 Financial Report
X22 Report - Ep. 2469a -[CB] Panics Over Inflation, Moves To Counter It 70’s Style, Big Fail –
May 4, 2021
The big tax increase that most people will not see comes in the form of inflation, it is the hidden tax the [CB] imposes on the people.
With energy, food, lumber and many other prices moving up people are going to feel the pain.
The [CB] is panicking over inflation, they are now signaling a rate increase. This will fail
Tishwash: Saudi Arabia grants an Iraqi private bank a license to conduct business in the Kingdom
Saudi Arabia agreed to grant a license to open a branch of an Iraqi National Bank in order to conduct its business in the Kingdom.
The Saudi Press Agency, followed by "People," quoted a number of decisions taken by the Saudi Council of Ministers, which held a video-calling session chaired by King Salman, including "approval of the license for the Iraqi National Bank to open a branch in the Kingdom. link
All markets tumble as fear rises; ‘significant collapse’ is underway – Chris Vermeulen
Kitco News: May 4, 2021
Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of https://TheTechnicalTraders.com, said that a broad market correction is just starting, and safe haven assets are going to fall alongside risk assets.