TLM724 Administrator BondLady’s Corner
It Is Expected That Iraq Will Receive $32 Billion From Turkey For Violating The Pipeline Agreement
Energy Economy News-Baghdad The specialist in economic and commercial disputes between countries, lawyer Jaafar Al-Saadi, suggested on Sunday that the Turkish government would compensate Iraq between 25 billion to 32 billion dollars for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973 .
Al-Saadi said in a statement reported by the official “Al-Sabah” newspaper, “The agreement stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil coming from Iraq in all storage and disposal centers and the final station, indicating that there are lost amounts resulting from these Turkish violations. ” .
Nomad Economist: 7-17-2022
Fiat currency has no intrinsic value. This means the piece of paper or coin itself has no value. This approach to money varies from other forms of money whose value is derived from some physical good. It is usually gold or silver, and this is called commodity money.
Banks make the majority of their profits on interest-rate spreads called "Net Interest Revenue." Globally, governments have created negative interest rate bonds, and banks can essentially borrow money at negative rates.
Then, the banks go out and loan to consumers and other businesses at a higher, positive rate. Why would you save it and work for it, if they can print it faster than you could work for it. Why you keep saving when they are printing it. The Rich do not work for money.
KTFA
Samson: What is the impact of the value of the euro with the dollar on the Iraqi economy?
14th July, 2022
Economist Qusai Safwan confirmed that the value of the euro with the dollar has a positive impact on the value of the Iraqi dinar.
Safwan said that "the reason for the decline in the value of the euro is as a result of Russia's cutting off oil and gas supplies from the European Union and the disruption in growth rates in the union, which led to making the dollar a safe haven to convert the euro into dollars at this stage."
He added, "The impact of the depreciation of the euro is positive on the Iraqi economy as a result of Iraq's possession of dollar reserves, which will lead to the growth of the country's economy."
TNT:
Tishwash: The Week Of Decisiveness Or Return To The Zero Point .. Will The File Of Forming A Government End?
Representative of the State of Law coalition, Jawad Al-Ghazali, confirmed, on Saturday, that the political data indicate that a session to choose the president of the republic will be held this week, while stressing that the meetings of the leaders of the blocs are continuing to agree on the presidency of the republic and the ministers.
Al-Ghazali said in an interview with the Information Agency, that "the coordinating framework identified several personalities, but so far the agreement on the best candidate has not been officially reached," noting that "the next few days will witness the announcement of the name of the next prime minister."
He added, "The political data indicate that a session to choose the President of the Republic will be held this week," noting that "meetings are continuing between the leaders of the blocs in order to choose the prime minister."
Here’s what happened next.
Mark Hulbert Fri, July 15, 2022 at 12:30 PM
Whenever the euro begins to rally against the dollar, consider these stocks and funds.
A gutsy contrarian bet right now is that the strong U.S. dollar will weaken, particularly versus the euro. A secondary bold bet is that U.S. stocks will lag international equities.
Dollar weakness would represent a reversal of a trend dating back several years. The U.S. Dollar Index DXY, -0.52%, which reflects the dollar’s strength vis-a-vis a basket of foreign currencies, is 50% higher than where it stood a decade ago — and has risen more than 20% since the beginning of 2021. The dollar’s strength has been especially evident this year against the euro EURUSD, -0.06% : Earlier this week the euro traded below US$1, in fact — 20% cheaper relative to the dollar than where it stood at the beginning of 2021.
