WEALTHWATCH 1-29-16
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch News & Comments 1-29-16
Donnie: "The size of the amount sold today reached 150 million, and two thousand dollars at 1182 dinars exchange rate to the dollar, and with the participation of 23 banks and 21 companies for the fiscal conversion."
Donnie: The statement said that "the amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1190 dinars per dollar."
Donnie: 1190 sure beats 1230
Donnie: Oil falls after rallying the support of the hopes of cooperation between Russia and OPEC
~~~
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch News & Comments 1-29-16
Donnie: "The size of the amount sold today reached 150 million, and two thousand dollars at 1182 dinars exchange rate to the dollar, and with the participation of 23 banks and 21 companies for the fiscal conversion."
Donnie: The statement said that "the amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1190 dinars per dollar."
Donnie: 1190 sure beats 1230
Donnie: Oil falls after rallying the support of the hopes of cooperation between Russia and OPEC
~~~
Donnie: {International: Euphrates News} Oil prices fell in futures about one percent in Asian trading on Thursday, to dissipate gains of nearly three percent in the previous session after Russia pointed to the possibility of cooperation with the Organization of Petroleum Exporting Countries {OPEC} to curb the glut of global supply.
Donnie: Board's decision {central bank} to keep the lending rate overnight rate unchanged and issuing a statement indicating that fears of global events has diminished but did not dispel the likelihood of higher interest rates in March. http://ift.tt/1RRiC1R...
http://ift.tt/1P29IJ8
Donnie: Why a Russian-Saudi Deal on Oil Output Cut Remains Elusive
Donnie: (Bloomberg) -- With oil trading near $30 a barrel, calls for orchestrated output cuts to quell global oversupply have intensified this week. Trouble is, none of the world’s largest producers, most notably Russia and Saudi Arabia, have shown they’re ready to make a move.
OPEC Secretary-General Abdalla El-Badri called on all countries, both inside and outside the group, to join efforts to revive oil prices. "It should be viewed as something OPEC and non-OPEC tackle together," he said on Monday. Iraq’s oil minister said on Tuesday that Saudi Arabia and Russia, the world’s two largest exporters, might be ready to become “more flexible.” Donnie: http://ift.tt/1RRiC1T...
http://ift.tt/1P29IJ8
Donnie: 'The big boys don't know' where crude is headed next
Donnie: Crude rallied on Wednesday, despite the fact that inventories increased 8.4 million barrels to nearly 495 million barrels, a record high. The price of a barrel of West Texas Intermediate crude (CLH16.NYM) settled at $32.30 per barrel, or about 21% higher than last week’s lows.
According to Ira Epstein, managing director at Linn & Associates, the disconnect has to do with some trying to play a risky game in the oil markets. “You're getting to a point where people are trying to pick bottoms,” he said. “When people start picking bottoms like this just because you're at a number, be careful.”
Epstein likened the rapid decline in oil to the rapid rise in another major commodity. Get the Latest Market Data and News with the Yahoo Finance App Crude Oil Mar 16 Watchlist 33.28+0.98(+3.03%) NY Mercantile1:38 PM EST “Gold at $1,900, everybody started talking $2,400,” he said. “When we got down to $30 in crude, they started talking $25 and then the teens.” Donnie: http://ift.tt/1P29LET...
http://ift.tt/1RRiC1V
OOTW: WOW DONNIE YOU'VE BEEN BUSY - THANKS FOR THE INFORMATION - AND EXPANDING MY KNOWLEDGE
OOTW: Met with president of the board of Integrity, Dr. Hassan al-Yassiri Motamedi supreme religious authority in the holy city of Karbala, Sheikh Abdel Mahdi al-Karbalai and Mr. Ahmed net. The Education and Public Relations Department in the board of Integrity, told N. news reporting that Dr. Yasiri, browse through two meetings, which Jmaah Sheikh Karbalai net and Mr.
Friday 01/22/2016 separately, steps the Authority at the local and international levels as well as future plans, adding that the body was recently taken serious steps in order to ward off citizen corruption and reduce Msaleckh was in the forefront announcing the formation of a new field teams working in the Ministries of Justice and Health and the Iraqi bank Trade (TBI),
indicating that these teams embarked on the implementation of the tasks entrusted to it by the Presidency of the body was that probe the depths of the institutions responsible for monitoring the work as soon as possible, and that the accuracy and professional fully take into account,
in order to refer all files and cases in which corruption cases are diagnosed to justice regardless of their personal the accused in it. He pointed to the keenness of the body was not to be dragged into squabbles and controversies that distance it from the real mission, indicating a need body was to support everyone,
especially the national media, which finds it necessary not to underestimate the body was right, by highlighting the achievements realized, revealing near the announcement of the first phase of its work on the follow-up money inflation, "the results as soon as its completion" and describing the results as "be pleased true patriots."
At the local level also Yasiri pointed to the continued operation of the difference secrecy phones that began results of its work to bear fruit, and began citizens reap the fruit of through tangible development in the work of government departments and institutions, especially service ones, these teams have worked to uncover many of the procedures and methods illegal
OOTW: and methods illegal in some institutions, which monitored its work in secret, and raised its reports to the Presidency of the Authority, which proceeded to take the necessary measures in question legal proceedings, and media ministries concerned irregularities taken by employees
OOTW: http://ift.tt/1SAKXau...
http://ift.tt/1RRiC1X
OOTW: AFTER ABADIS ANNOUNCEMENT ABOUT THE RAMPING UP OF FIGHTING CORRUPTION, I'M ENCOURAGED TO SEE THAT YASSIRI (HEAD OF INTEGRITY) IS GOING TO BE MEETING WITH SISTANI
OOTW: 01/28/2016 18:22 Zebari: the collapse of the price of oil will push the region to study the position BAGHDAD / Obelisk: Expect Finance Minister Hoshyar Zebari, on Thursday, that the collapse of the price of oil will push the region to re-stake his position on the budget,
noting that Iraq is ready to discuss the agreement it seems elusive to cut oil production. Zebari said in an interview to Reuters, said that "the collapse of the price of oil will pay the Government of the Territory to re-examine its position to take its share of the budget."
Zebari said that "the government will seek to cut spending and increase domestic borrowing to cover the budget deficit," ruling out "the devaluation of the dinar."
Meanwhile, Zebari said "Iraq wants to participate in the meetings called by Venezuela to raise oil prices, which have tumbled to the lowest level in 12 years near $ 30 a barrel," stressing that "Iraq is a founding member of OPEC stressed and therefore we will participate certainly the idea is to cut production actually to influence the price of oil. "
Zebari pointed out that "the decision to cut production must be collectively otherwise you will not be feasible does not seem that there is a consensus with the exception of Venezuela and Algeria," pointing out that "not only Algeria and Venezuela have shown their support for production cuts while Saudi Arabia does not support the Member Organization and Russia, a producer of non-OPEC this procedure".
Donnie: I vote Iraq INCREASE production. Oh. Wait. They have been increasing production consistently.
Donnie: lol
Donnie: What a twist....
Donnie: White House Pleads For Iran’s Help with Americans Kidnapped in Iraq
Donnie: There are still three American citizens missing in Iraq, and the most likely culprits are Iran-backed Shiite militia. They were snatched from a private residence in Baghdad by gunmen on January 16, and there has been little progress in finding them, beyond Iraqi intelligence guessing they ended up in the Shiite precincts of Sadr City, where numerous other kidnap victims have resurfaced.
The Administration adamantly refuses to link Iran to the crime, and is now pleading for their help with recovering the missing Americans. The Wall Street Journal describes the crisis as a “fresh test of the Obama Administration’s relationship with Iran.” Donnie: read more here: http://ift.tt/1HerUxu...
http://ift.tt/1SkGidM
Donnie: say NO to CUTS...
Donnie: Iraq ready to cut oil production if other producers agree
Donnie: ERBIL, Kurdistan Region – Iraq is ready to reduce its record oil production if other producers agree on a deal to cut output, shoring up prices that are at a 12-year low, Iraqi Finance Minister Hoshyar Zebari said. "Iraq is a founding member of OPEC, so we will definitely take part, and the idea would be to reduce production actually to impact the oil price," Zebari said, according to a Reuters report on Wednesday.
Donnie: first let other countries cut production so Iraq and Iran can get back on their feet.
Donnie: http://ift.tt/1Ny5Ort...
http://ift.tt/1Pjmw1h
Donnie: JMO
OOTW: wealthwatch.world/showthr...
http://ift.tt/1P29IJa
OOTW: For his part, President of the Chamber of Commerce of Babylon honest Faihan that " large commercial loop within the province, there are Importers from within the province and beyond, so decisions need to be centralized support from all sides, LINK
noting that "Iraq observers now in the WTO and is working hard to enter as a member of this organization does not allow the boycott of goods for political reasons."
AS STATED MANY TIMES HERE AT WEALTH WATCH...MANY SEEMINGLY INSIGNIFICANT LAWS HAVE BEEN PASSED SINCE ABADI CAME INTO OFFICE,
MANY OF THESE LAWS WERE LAWS REQUIRED BY THE WTO FOR IRAQ TO PUT HEALTH AND SAFETY REGULATIONS, GOODS CONTROLS, TRANSPORTATION QUALITY CONTROL REGULATIONS, AND MORE IN PLACE...FOR ACCESSION TOWARDS FULL MEMBERS STATUS TO THE WTO.
Donnie: Board's decision {central bank} to keep the lending rate overnight rate unchanged and issuing a statement indicating that fears of global events has diminished but did not dispel the likelihood of higher interest rates in March. http://ift.tt/1RRiC1R...
http://ift.tt/1P29IJ8
Donnie: Why a Russian-Saudi Deal on Oil Output Cut Remains Elusive
Donnie: (Bloomberg) -- With oil trading near $30 a barrel, calls for orchestrated output cuts to quell global oversupply have intensified this week. Trouble is, none of the world’s largest producers, most notably Russia and Saudi Arabia, have shown they’re ready to make a move.
OPEC Secretary-General Abdalla El-Badri called on all countries, both inside and outside the group, to join efforts to revive oil prices. "It should be viewed as something OPEC and non-OPEC tackle together," he said on Monday. Iraq’s oil minister said on Tuesday that Saudi Arabia and Russia, the world’s two largest exporters, might be ready to become “more flexible.” Donnie: http://ift.tt/1RRiC1T...
http://ift.tt/1P29IJ8
Donnie: 'The big boys don't know' where crude is headed next
Donnie: Crude rallied on Wednesday, despite the fact that inventories increased 8.4 million barrels to nearly 495 million barrels, a record high. The price of a barrel of West Texas Intermediate crude (CLH16.NYM) settled at $32.30 per barrel, or about 21% higher than last week’s lows.
According to Ira Epstein, managing director at Linn & Associates, the disconnect has to do with some trying to play a risky game in the oil markets. “You're getting to a point where people are trying to pick bottoms,” he said. “When people start picking bottoms like this just because you're at a number, be careful.”
Epstein likened the rapid decline in oil to the rapid rise in another major commodity. Get the Latest Market Data and News with the Yahoo Finance App Crude Oil Mar 16 Watchlist 33.28+0.98(+3.03%) NY Mercantile1:38 PM EST “Gold at $1,900, everybody started talking $2,400,” he said. “When we got down to $30 in crude, they started talking $25 and then the teens.” Donnie: http://ift.tt/1P29LET...
http://ift.tt/1RRiC1V
OOTW: WOW DONNIE YOU'VE BEEN BUSY - THANKS FOR THE INFORMATION - AND EXPANDING MY KNOWLEDGE
OOTW: Met with president of the board of Integrity, Dr. Hassan al-Yassiri Motamedi supreme religious authority in the holy city of Karbala, Sheikh Abdel Mahdi al-Karbalai and Mr. Ahmed net. The Education and Public Relations Department in the board of Integrity, told N. news reporting that Dr. Yasiri, browse through two meetings, which Jmaah Sheikh Karbalai net and Mr.
Friday 01/22/2016 separately, steps the Authority at the local and international levels as well as future plans, adding that the body was recently taken serious steps in order to ward off citizen corruption and reduce Msaleckh was in the forefront announcing the formation of a new field teams working in the Ministries of Justice and Health and the Iraqi bank Trade (TBI),
indicating that these teams embarked on the implementation of the tasks entrusted to it by the Presidency of the body was that probe the depths of the institutions responsible for monitoring the work as soon as possible, and that the accuracy and professional fully take into account,
in order to refer all files and cases in which corruption cases are diagnosed to justice regardless of their personal the accused in it. He pointed to the keenness of the body was not to be dragged into squabbles and controversies that distance it from the real mission, indicating a need body was to support everyone,
especially the national media, which finds it necessary not to underestimate the body was right, by highlighting the achievements realized, revealing near the announcement of the first phase of its work on the follow-up money inflation, "the results as soon as its completion" and describing the results as "be pleased true patriots."
At the local level also Yasiri pointed to the continued operation of the difference secrecy phones that began results of its work to bear fruit, and began citizens reap the fruit of through tangible development in the work of government departments and institutions, especially service ones, these teams have worked to uncover many of the procedures and methods illegal
OOTW: and methods illegal in some institutions, which monitored its work in secret, and raised its reports to the Presidency of the Authority, which proceeded to take the necessary measures in question legal proceedings, and media ministries concerned irregularities taken by employees
OOTW: http://ift.tt/1SAKXau...
http://ift.tt/1RRiC1X
OOTW: AFTER ABADIS ANNOUNCEMENT ABOUT THE RAMPING UP OF FIGHTING CORRUPTION, I'M ENCOURAGED TO SEE THAT YASSIRI (HEAD OF INTEGRITY) IS GOING TO BE MEETING WITH SISTANI
OOTW: 01/28/2016 18:22 Zebari: the collapse of the price of oil will push the region to study the position BAGHDAD / Obelisk: Expect Finance Minister Hoshyar Zebari, on Thursday, that the collapse of the price of oil will push the region to re-stake his position on the budget,
noting that Iraq is ready to discuss the agreement it seems elusive to cut oil production. Zebari said in an interview to Reuters, said that "the collapse of the price of oil will pay the Government of the Territory to re-examine its position to take its share of the budget."
Zebari said that "the government will seek to cut spending and increase domestic borrowing to cover the budget deficit," ruling out "the devaluation of the dinar."
Meanwhile, Zebari said "Iraq wants to participate in the meetings called by Venezuela to raise oil prices, which have tumbled to the lowest level in 12 years near $ 30 a barrel," stressing that "Iraq is a founding member of OPEC stressed and therefore we will participate certainly the idea is to cut production actually to influence the price of oil. "
Zebari pointed out that "the decision to cut production must be collectively otherwise you will not be feasible does not seem that there is a consensus with the exception of Venezuela and Algeria," pointing out that "not only Algeria and Venezuela have shown their support for production cuts while Saudi Arabia does not support the Member Organization and Russia, a producer of non-OPEC this procedure".
Donnie: I vote Iraq INCREASE production. Oh. Wait. They have been increasing production consistently.
Donnie: lol
Donnie: What a twist....
Donnie: White House Pleads For Iran’s Help with Americans Kidnapped in Iraq
Donnie: There are still three American citizens missing in Iraq, and the most likely culprits are Iran-backed Shiite militia. They were snatched from a private residence in Baghdad by gunmen on January 16, and there has been little progress in finding them, beyond Iraqi intelligence guessing they ended up in the Shiite precincts of Sadr City, where numerous other kidnap victims have resurfaced.
The Administration adamantly refuses to link Iran to the crime, and is now pleading for their help with recovering the missing Americans. The Wall Street Journal describes the crisis as a “fresh test of the Obama Administration’s relationship with Iran.” Donnie: read more here: http://ift.tt/1HerUxu...
http://ift.tt/1SkGidM
Donnie: say NO to CUTS...
Donnie: Iraq ready to cut oil production if other producers agree
Donnie: ERBIL, Kurdistan Region – Iraq is ready to reduce its record oil production if other producers agree on a deal to cut output, shoring up prices that are at a 12-year low, Iraqi Finance Minister Hoshyar Zebari said. "Iraq is a founding member of OPEC, so we will definitely take part, and the idea would be to reduce production actually to impact the oil price," Zebari said, according to a Reuters report on Wednesday.
Donnie: first let other countries cut production so Iraq and Iran can get back on their feet.
Donnie: http://ift.tt/1Ny5Ort...
http://ift.tt/1Pjmw1h
Donnie: JMO
OOTW: wealthwatch.world/showthr...
http://ift.tt/1P29IJa
OOTW: For his part, President of the Chamber of Commerce of Babylon honest Faihan that " large commercial loop within the province, there are Importers from within the province and beyond, so decisions need to be centralized support from all sides, LINK
noting that "Iraq observers now in the WTO and is working hard to enter as a member of this organization does not allow the boycott of goods for political reasons."
AS STATED MANY TIMES HERE AT WEALTH WATCH...MANY SEEMINGLY INSIGNIFICANT LAWS HAVE BEEN PASSED SINCE ABADI CAME INTO OFFICE,
MANY OF THESE LAWS WERE LAWS REQUIRED BY THE WTO FOR IRAQ TO PUT HEALTH AND SAFETY REGULATIONS, GOODS CONTROLS, TRANSPORTATION QUALITY CONTROL REGULATIONS, AND MORE IN PLACE...FOR ACCESSION TOWARDS FULL MEMBERS STATUS TO THE WTO.
Donnie: Iraq Live Update @IraqLiveUpdate 24m24 minutes ago Snow fall in #Najaf desert where temperatures reach over 60C during summer #Iraq
Donnie:
http://ift.tt/1P29LEZ
Donnie: http://ift.tt/1RRiDTq
Donnie: Leading Saudi cleric says IS and Saudi Arabia 'follow the same thought' - See more at: http://ift.tt/1TWQig8...
http://ift.tt/1RRiDTw
Donnie: A former imam of the Grand Mosque in Mecca has said that the Islamic State (IS) group follows the same brand of Islam as officially espoused by Saudi Arabia.
Footage translated by British think tank Integrity UK on Wednesday showed leading cleric Sheikh Adel al-Kalbani speaking to the Dubai-based channel MBC about what he believes are the roots of IS. “We follow the same thought [as IS] but apply it in a refined way,” he said.
“They draw their ideas from what is written in our own books, from our own principles.” The cleric said that “we do not criticise the thought on which it (IS) is based". Kalbani repeated the oft spread conspiracy that unnamed intelligence agencies had played a role in the rise of IS.
He said intelligence agencies had “exploited” those who followed the ultra-conservative Salafist brand of Sunni Islam. “Intelligence agencies and other countries might have [helped] Daesh to develop, providing them with weapons and ammunitions, and directing them,” he said, using an Arabic acronym for IS.
Donnie: ISIS and Saudi Arabia 'follow the same thought'
Donnie:
http://ift.tt/1P29LEZ
Donnie: http://ift.tt/1RRiDTq
Donnie: Leading Saudi cleric says IS and Saudi Arabia 'follow the same thought' - See more at: http://ift.tt/1TWQig8...
http://ift.tt/1RRiDTw
Donnie: A former imam of the Grand Mosque in Mecca has said that the Islamic State (IS) group follows the same brand of Islam as officially espoused by Saudi Arabia.
Footage translated by British think tank Integrity UK on Wednesday showed leading cleric Sheikh Adel al-Kalbani speaking to the Dubai-based channel MBC about what he believes are the roots of IS. “We follow the same thought [as IS] but apply it in a refined way,” he said.
“They draw their ideas from what is written in our own books, from our own principles.” The cleric said that “we do not criticise the thought on which it (IS) is based". Kalbani repeated the oft spread conspiracy that unnamed intelligence agencies had played a role in the rise of IS.
He said intelligence agencies had “exploited” those who followed the ultra-conservative Salafist brand of Sunni Islam. “Intelligence agencies and other countries might have [helped] Daesh to develop, providing them with weapons and ammunitions, and directing them,” he said, using an Arabic acronym for IS.
Donnie: ISIS and Saudi Arabia 'follow the same thought'
via Dinar Recaps - Our Blog http://ift.tt/1P29LF1
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