Samson » August 21st, 2016
The head of the Trade Development Organization of Iran Waliullah Afkhami rad, in a meeting with Assistant Iraqi Trade Minister and his accompanying delegation, for the activation of Baghdad to the Free Trade Agreement , which was signed with Tehran.
He Afkhami rad that Iran and Iraq have signed a trade agreement in 2014, and that their implementation would directly affect to raise the bilateral trade level, pointing out that the two countries they could be Icheraa preferential trade, the need to work to remove the tariff to certain goods.
He said, Iran is the fact that next to the Iraq border long joint, making the economic cooperation between the two feasible, stressing the need to raise the level of economic relations the trade between the two countries to the level of their political relations.
He noted head of Iran 's trade development Organization, a vast reconstruction operations to be carried out after the liberation of Iraq from the grip of its regions Daesh, declaring readiness of Iranian companies to contribute to this process.
Thunderhawk » August 21st, 2016
Why Rothschild is Shifting From US Dollars to Gold, 'Other Currencies'
The Western central bankers are conducting "the greatest experiment in monetary policy"
history with consequences impossible to predict, Lord Rothschild writes, warning that the world is now in "uncharted waters."
Trouble is brewing for the global economy with the consequences impossible to predict, RIT Capital Partners Chairman Lord Rothschild warns in his semi-annual addressto investors, criticizing central bankers for what he called "the greatest experiment in monetary policy in the history of the world."
"The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world," Jacob Rothschild, a British investment banker and a member of the prominent Rothschild banking family, underscores.
"We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale," he stresses.
Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.
Meanwhile, the geopolitical situation is not getting easier: China's economic growth has slowed down, the election atmosphere in the US remains fraught and the conflict in the Middle East continues to rage on. Germany, France and the US have been subjected to terrorist attacks. To complicate matters even further the UK voted to leave the EU.
"In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company's assets," Lord Rothschild emphasizes.
To tackle emerging risks, RIT Capital Partners has adopted a series of measures.
Interestingly enough, Rothschild has signaled that he is shifting from sterling (in anticipation of Brexit) and the US dollar to gold and "other currencies."
"Our significant US Dollar position has now been somewhat reduced as, following the Dollar's rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields," Lord Jacob Rothschild explains.
By the end of June RIT Capital Partners increased their gold and precious metal assets to 8%.
Commenting on the matter, PolitRussia.com online media outlet pointed out that Rothschild's concerns clearly indicate that the global economy is heading to a perfect storm due to the irresponsible monetary policies of Western central banks.
"Jacob Rothschild de facto says that those who manage the Western economies do not know what they are doing, that they are improvising. They have no plan, no precise model or tested scheme, they are performing an experiment with nations pumping their economies with cheap money which they get out of thin air," the media outlet noted.
Although US President Barack Obama has repeatedly stated that the financial crisis of 2008 was over due to the Federal Reserve System's effective monetary policies, this is likely wishful on his part. The media outlet warned that the Fed's policies resemble nothing so much as a dangerous worldwide experiment which may soon bear its bitter fruit.
Purportedly therefore, Jackob Rothschild has reduced his company's equities exposure and the US dollar assets seeking shelter in gold and other precious metals.
"History teaches us that the gold price usually soars during economic crises, civil and world wars," PolitRussia.com underscored, stressing that apparently Rothschild does not believe in the US economy's bright prospects, otherwise he wouldn't have turned to gold.
In April 2016 James Rickards, a lawyer, author, economist and editor of Strategic Intelligence, highlighted that gold has made an amazing comeback this year, adding that investors have always regarded gold as a safe haven.
"Countries are also acquiring gold in advance of a collapse of the international monetary system," he remarked in his article for The Telegraph.
"The system has collapsed three times in the past century. Each time, major financial powers came together to write new rules," the economist underscored hinting at the possibility that the next collapse could be right around the corner.