Notes From The Field By Simon Black
July 24, 2018 New York City
Two Giant US Pension Funds Admit There’s A BIG Problem
I’ve been talking a lot about the looming pension crisis…
My short thesis is, if you’re depending on a pension for your retirement, it’s time to start looking elsewhere.
Pensions are simply giant funds responsible for paying out retirement benefits to workers.
Samson: Former vice president reveals total surplus in the first half of 2018
24th July, 2018
A member of the parliamentary finance committee, Majida al-Tamimi, on Tuesday (July 24, 2018) revealed that the total surplus during the first six months of the year 2018 was 7.444 trillion dinars.
Tamimi said in a statement to the "obelisk" that "the total amount of financing the current and investment budgets amounted to 35.029 trillion dinars, compared to the achievement of oil revenues and non-oil 42.576 trillion dinars," indicating that "the monthly rate of total revenue amounted to 7.096 trillion dinars, while the revenue Oil per unit at a monthly average of 6.393 trillion dinars. "
Tamimi added that "the average monthly expenditure of the budget amounted to 5.848 trillion dinars and thus the surplus monthly revenue achieved 1,247 trillion dinars."
Samson: FAMILY - Frank wants you to know that this article means that the IMF is stopping all funding to Iraq which means they will have to raise their rate and stop the auctions.
An official source : stop the program of credit readiness between Iraq and the International Monetary Fund
23rd July, 2018
An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government
The source, who preferred not to be named for "economy News", said that "the program of credit readiness, which earned Iraq a loan of 5.4 billion dollars from the International Monetary Fund stopped until the formation of the next government,"
Adding that "Iraq will begin after the resumption of the program The third review of the Iraqi economy by the International Monetary Fund
What Venezuelan Savers Can Teach Everyone Else
Lessons in preserving the value of savings from hyperinflation
ASK the chief investment officer of a fund-management firm how to spread your investments and you will be told to put so much in stocks, so much in bonds and something in hedge funds or private equity.
Chances are that white-elephant buildings, eggs and long-life milk will not feature. But in Venezuela, where the inflation rate is in the tens of thousands, things that people elsewhere would shun for fear they will lose value have become stores of real wealth.
Thank you Judy
Restored Republic via a GCR: Update as of July 24, 2018
Compiled 24 July 12:01 am EST by Judy Byington
The below is a summary of information from the Internet. It would be up to the individual reader to decide whether or not it is valid. Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.
(Disclaimer: The following is an overview of the current situation based on rumors/leaks from several sources which may or may not be truthful or accurate.)
1. The Cabal was losing control in the U.S. as expected.