KTFA, TNT and X22 Wednesday Evening 9-11-19
KTFA:
Samson: The Kurdistan government sets next week a date for the visit of its delegation to Baghdad to discuss the 2020 budget
The Council of Ministers of the Kurdistan region, on Wednesday, next week as a date for the visit of the delegation of Erbil to Baghdad on the file of the financial budget. LINK
2Cents: If I recall correctly, Frank's OPINION was that the Kurds will not come until.........
Tivon: I do recall that Iraq as a prerequisite prior to Kurdistan arriving has to raise the value of their currency. So their date that is set for next week would imply that they have to change the value this week.
2Cents: That's what I was remembering Frank said....
We always believed agreements first but the way the Kurds have delayed since Eid, We are starting to think Frank may be right on this one. If he is right, this weekend looks strong. If we are right, next weekend looks strong. Either way, I will be doing the snoopy dance.
Samson: Oil Minister of the Kurdistan Region: Time is short before you LINK
Popeye7: The sense of urgency this last month or so is very encouraging... Anytime mode IMO... Hang on to your hats folks.. For they are about to be blown off if you do not...
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TNT:
Bodyman: Bank story...when Danny's mother went to open an account and said it was for a dinar investment the banker looked on the screen and gave her a rate that has not been released as yet...
AZHombre: Thanks to Danny in Dallas, TX: Screen says it’s worth 83 cents but not released yet! (Normally it’s only a 10th of that!).
Freeway2: I liked Danny's Mothers bnk story, that means it is .83 cents in Iraq now for sure
RVAlready: Seems like we are getting to the end of the line. If Iraq told their public there will be dates announced when the meeting ends, they best follow through. Those guys will stage a riot….. Maybe I should have said ... another riot
Melmac: Just curious how some of TNTers can be in this for 15 or 16 years...The new currency wasn't even created that long ago. Saddam notes were out then, weren't they?
SwampyJack: The new currency was created prior to 2004 and the blackmarket was running on USD & others until the distribution system was reestablished JMCM
Melmac: So how could you be invested in this journey before you could hold the currency? We invaded in 2003
SwampyJack: if you were familiar with the Marshall Plan with Europe , Germany, and Japan... you should have been watching from 2001 onward... I was in Germany in 1965-6 and watched the German Mark double in value from the date of my arrival till I left to go Vietnam
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GreatlyBlessed: Global Drop in Currencies Bruises Investors
Economic concern and U.S.-China trade dispute ripple through markets
By Ira Iosebashvili
Sept. 11, 2019 5:30 am ET
Currencies around the world are tumbling to multiyear lows, bruising investors’ portfolios and fanning the flames of a global trade war.
The Chinese yuan recently hit its lowest level in more than a decade against the dollar, the euro dropped to a fresh two-year low last week and the British pound is at depths it hasn’t consistently plumbed since the 1980s.
Some emerging-market currencies such as the Colombian peso have fallen to their lowest prices on record against the dollar, while Argentina has recently introduced capital controls after its peso plunged in August. Out of 41 currencies tracked by The Wall Street Journal, only nine are up against the dollar in 2019.
“People are becoming more concerned about currencies because currencies are becoming more dangerous,” said Kit Juckes, global strategist at Société Générale.
The declines highlight how fears of a global slowdown and a burgeoning trade dispute between the U.S. and China have converged to ripple through markets in recent months. Central banks began cutting interest rates earlier this year, ending a short-lived period when many were tightening monetary policy or signaling that higher borrowing costs were on the way.
As falling rates and slowing growth drove bond yields lower, investors headed to the U.S., where the economy is relatively strong and the payout on Treasurys stands far above that offered by many other government bonds. That shift has weighed on large parts of the foreign-exchange market while pushing the dollar up to historic highs against the currencies of many U.S. trading partners.
Mr. Juckes is advising clients to bet on the dollar and Japanese yen rising against a variety of emerging-market currencies, including the South African rand, Polish zloty and South Korean won.
Many countries are benefiting from cheaper currencies, which tend to make exporters’ products more competitive abroad and boost economic growth. That can leave their trading partners little choice but to allow their own currencies to weaken.
Argentina’s peso has dropped more than 30% against the dollar in the past year.
China in early August allowed its yuan to drop below levels long thought to be sacrosanct after the U.S. announced additional tariffs in an escalating trade dispute between the two countries, accelerating this year’s slide in a broad range of currencies. The U.S., in response, designated China a currency manipulator for the first time since 1994.
While Group of 20 nations have pledged not to use their exchange rates for competitive gains, most countries have done little to prevent their currencies from falling. A total of 14 central banks cut rates last month, including Mexico, India and Hong Kong, up from eight in July, according to the Bank for International Settlements. Lower rates tend to weaken currencies by making them less attractive to yield-seeking investors.
Rich economies such as Europe are likely to welcome a weaker currency, which can stoke growth by making exports more competitive and help spur inflation. That is a goal that the European Central Bank has failed to achieve despite years of ultralow interest rates. The euro recently traded at $1.1045, down more than 6% from last September.
For developing countries, however, a depreciating currency can be a headache. Accelerating inflation can be a problem in emerging markets, where central banks must often fight to keep prices from rising too quickly.
A falling currency makes it harder for developing countries to service their dollar-denominated debt. Too sharp a drop can unnerve investors, causing a stampede as money managers ditch emerging-market assets.
“Most analysis of currency wars begins and ends with the view that the country that depreciates the most wins,” analysts at Standard Chartered said in a note to clients. However, “the likely winner is the country that can best handle the consequences of depreciation.”
One country now facing the consequences of a plunge in its currency is Argentina, where the government recently imposed capital controls and has frozen prices for gasoline and some food products as it fights to stem inflation, which runs at over 50%. The Argentine peso has dropped more than 30% against the dollar in the past year, and the country’s markets have hurt several prominent investors including the hedge fund Autonomy Capital, which lost $1 billion on investments tied to Argentina last month.
The list of currencies that are at or near multiyear lows against the dollar includes the New Zealand dollar and Chilean peso, which are heavily swayed by their countries’ trade links with China. In Europe, the currencies of Sweden, Norway and Poland have been hard hit by the region’s economic woes.
Not all currencies are falling. Investors have cheered changes promised by Ukraine’s new president and pushed up the country’s hryvnia to make it one of the world’s best-performing currencies. Those seeking shelter from volatile markets and trade wars have piled into the Japanese yen and Swiss franc, although some are growing wary that the central banks in those countries may not tolerate their currencies rising for much longer.
Meanwhile, the trade-weighted dollar index, which measures the greenback against the currencies of its trading partners, hit an all-time high this month. But the dollar’s persistent strength has raised the chances that the U.S. will intervene in markets to weaken the currency, a rare move that the Trump administration has previously rejected, analysts said.
“There doesn’t seem to be any resolution to the trade war coming, and the currencies markets are responding to that negative feedback,” said Mark McCormick, global head of foreign-exchange strategy at TD Securities. “You can get burned on anything these days.”
Courtesy of Dinar Guru:
Jeff ...clear back in July....I said IMO our next window for the possibility of the rate changing would be over the weekend of September 21st/22nd. As you see all the factual information is walking you up to that point..most of the other gurus are just now catching up with us...we're looking amazing...In my opinion I think we have about another week and a half left in this...
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In One Simple Statement The Patriots Just Countered The Recession Push, Brilliant- Episode 1967a
X22 Report: Published on Sep 11, 2019
Placeholder Filled, Flynn Free Next, The World Is Waking Up, Attacks Intensify - Episode 1967b
X22 Report: Published on Sep 11, 2019