February 7th 10pm

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DELTA: Iraqi PM Urges Rapid Implementation of Banking Deal with Iran

TEHRAN (Tasnim) – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said Iraqi Prime Minister Adil Abdul-Mahdi has voiced “his firm support” for the banking deal reached between the two countries on Tuesday night and called for its rapid implementation.

Tinman54: This may have been discussed ad nauseum, idk. I can't imagine the USA signing off on a banking deal allowing Iran to get billions of dinars at a program rate, then have all those dinars available to them at a revalued rate. Any thoughts? If they want rapid implementation wouldn't the ri be near? 

DELTA:  BINGO....(thumbs up)

Common Millennial Money Traps (And How To Avoid Them)
February 6, 2019 by Mike
Millennial Money Traps
Are you stuck in these millennial money traps?
We millennials don’t have the most pristine reputation when it come to managing money. The reality is that for many of us, the reputation is well-earned. There are more millennial money traps out there than ever before. We live in a time when access to pretty much anything we could ever want is a just a credit application away.
Right now, millennials are in our prime years for earning, saving and investing. For most of us, the next ten years or so of financial management are going to set the tone for the rest of our lives, and that’s a pretty big deal.

Notes From The Field  By Simon Black
February 7, 2019 Santiago, Chile
World’s Largest Pension Fund Loses $136 Billion
Things keep getting worse for pensions…
If you’ve read Notes recently, you know the pension fund crisis is one of our major themes. Simply put, these giant pools of capital responsible for paying out retirement benefits to workers are BROKE.
According to the World Economic Forum, pension funds around the world are short around $70 TRILLION. State, federal and local pensions in the US are $7 trillion short… and a recent report by Boston College estimates 25% of private US pensions will go broke in the next decade.