MilitiaMan and KTFA Members Monday PM 2-15-2021
KTFA;
Ross: So the obvious question is how many months or years will that take? I don't see discussions of a cashless society in American and I suspect a lot of people would be resistant and there would IMO have to be a major "education" push to overcome resistance.
Also why spend the money to produce the NSCN's and the bank training if everything is going to be digital ?
Clearly these things are above my pay schedule and understanding. My simplistic thought that the White Papers and the 2021 Budget would produce a new rate that would benefit the populace seems misplaced. Very discouraged.
Mr. Frank mentioned that whenever the RI occurred at either the beginning, middle or end of the year... Well even though it can be back dated we clearly or not at the beginning so we now looking for the July 1st timeframe?
Thinking back it does seem that the natives were expecting a change in the near coming days and not the distant coming days and have not gone ballistic with demonstrations even with their loss of purchasing power. Seem to recall seeing lots of emails late last year to the CBI from citizens wanting the 3 zero's dropped. Further with the secret deal with Iran...how long can they be held at bay with some tantalizing carrot re the RI if it takes months and months to get there? Really confused
MilitiaMan: That is not an obvious question in my opinion on how many months or years will that take. The CBI spent money on new small category notes for the next phase which is to be going into an international venue with an IMF Article 8 Compliant Currency. I recall video of them destroying good quality triple zero notes too.
They didn't ever say they were only to be digital and have no cash. They are to be come a society with less cash.. No different than we here in the USA use less cash. A swipe here and a swipe there is cash less..
The recalculating assets, incomes streams from oil, border crossings, tourism, fresh new liquid natural gas income from halting its flaring, agriculture, mineral extraction, etc., all play a roll in the valuation process of the country and her currency. The budget needs the rate not the other way around.
The IMF said there would be a change the rate in the fiscal year of 2020 and they did one on 12/20/2020 and then said to the effect that they may/will also do it again in early 2021. Well sorry, just because the first month is over doesn't mean within the first quarter is over yet, which is and can be still considered as being early 2021, imo.. The suggesting of reaching out to July is unfounded in my view, as I see nothing to support that. If you have support for it, please share it with us..
To the point of the demonstrations, they are in a pressure keg.. imo. See below Al-Tamimi comments on the matter. "
He added, "The government wanted to put the parliament in front of a fait accompli, which is fixing the price of the Iraqi dinar at a value of 1450 against the dollar, which is a decision that does not carry any economic justification." In the local market. ”
The economic expert, Wissam Al-Tamimi, believed, earlier, that there is no justification for keeping the dollar high in the local market, pointing out that the siege of the people must end before the street explodes due to mishandling of the citizen's pension.
MilitiaMan: The street is aware of the situation and so is the government. With all the interconnectivity that we read about, we can see that going to a digital economy is a complex project. It was not started weeks or days or even months ago. It has been in the works for years.
Now based of the data we have with the likes of the BUNA platform for digital currency settlements and clearing, CBI having a new state of the art digital enrollment financial system in place, the SWIFT System / China Joint Venture in digital Yuan and along with the USD via JP Morgan clearing the USD digitally within the BUNA system tells me this is not only about Iraq and clearly hasn't been.
So all the poo pooing about Iraq takes for ever, may be because they too have had things in place to be interconnected with the world digitally.. The platforms are tested and apparently in place now. Even today we see that Iraq is calling the Chinese to get started building schools.
To you last about Iran and the deal Kahdimi has sorted out says nothing about there are months away from and RI, that seems to be your projections, that from the links I will provide will show there is support to the contrary.
The White Papers are fully in play, the timing is unknown to us. That is beyond our pay grades be sure. But a time frame is in the cards.. I hope this helps you and others to see things in a better and or at least a more positive perspective. I sure have one.. Kind regards .~ MM
THE ARAB MONETARY FUND ANNOUNCES FULL LIVE OPERATIONS OF BUNA
https://www.amf.org.ae/en/content/arab-monetary-fund-announces-full-live-operations-buna
AMF appointing J.P. Morgan to serve as settlement bank for US Dollar in Buna payment system
SWIFT sets up JV with China's central bank
https://www.reuters.com/article/china-swift-pboc/swift-sets-up-jv-with-chinas-central-bank-idUSL1N2KA0AK
Arab Monetary Fund selects Refinitiv as compliance provider for Buna, the first cross-border payment system in the Arab region
Arab Monetary Fund selects Refinitiv as compliance provider for Buna, the first cross-border payment system in the Arab region
The risk management of payments and digital transactions has become more challenging following the COVID-19 outbreak. It is critical for Arab financial institutions to deploy sound compliance programs, enhance efficiency, and ensure accuracy of customer due diligence. The adoption of World-Check by Buna will help promote a regional due diligence culture and raise awareness on the significance of technology systems and data integration to help solve anti-money laundering challenges.
Refinitiv offers comprehensive, timely, and trusted information to help customers manage regulatory compliance, enterprise risk and financial crime. Its leading products include World-Check, Qual-ID and its recently expanded Enhanced Due Diligence service.
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Samson: Reza Pahlavi: Iraqi misery is caused by Iran
14th February, 2021
The former Crown Prince of the Iranian Shah's regime, Reza Pahlavi, said that the Iranian influence in Iraq has made the population of this country feel miserable.
The statements of Reza Pahlavi, the son of the last Shah of Iran, came in an interview with the newspaper "Israel Hayom" Sunday, and mainly criticized the idea of the possibility of US President Joe Biden's administration reaching an agreement with Iran on its nuclear program, considering it a mistake because it is based on the assumption that the current regime will change his behavior.
And Pahlavi considered the best solution, in his opinion, for the Americans, the peoples of the region and the Iranian people, through "supporting Iran's struggle for freedom and democracy." He added that the Iranian regime will not change its behavior. He noted that many Iranian activists have sent a message to Biden regarding the planned return to the nuclear deal. And he considered that through the economic benefits of the agreement, the Iranian regime "has taken control of three Arab capitals."
Pahlavi explained that "in countries like Iraq and Lebanon, where civilians fear militias like Hezbollah, the economic devastation led to demonstrations against the influences of the Islamic Republic." Although he stressed that there are suspicions that Iran is only months away from possessing a nuclear weapon, Pahlavi considered that Iran "does not need it altogether because it has the ability to weave chaos in the region."
Pahlavi expressed his support for the Abraham accords between Israel and Arab countries, and compared the opportunities that were opened to the citizens of these countries, and "the suffering and misery of the resistance axis countries, Iran, Iraq, Lebanon, Yemen and Syria." He indicated that the Iranian regime poses a threat to the countries of the Middle East that are trying to undermine their sovereignty with the help of its militias.
As long as the Islamic revolution is in power in Iran, he said, these countries will never achieve normalization of relations with Israel, considering that the Iranian people have a complete desire for peace with Israel and with all countries in the region. Pahlavi concluded by saying that he "does not doubt" that the current regime in Tehran will soon fall, and expressed his hope to visit Israel. LINK
Samson: Iraq is at the Security Council table tomorrow
02/15/2021 13:18:10
This week, members of the United Nations Security Council will have a number of discussions, as the Technical Training Center will present on Tuesday a briefing and consultations on the United Nations Assistance Mission for Iraq.
Next Wednesday, the members of the Council will witness a high-level open discussion on the WED vocational training program, which focuses on equitable access to Corona vaccines in contexts affected by conflict and insecurity, and the Technical Training Center will present discussions Thursday on the situation in Yemen
It is noteworthy that the United Kingdom will assume the presidency of the Security Council for next February, succeeding the presidency of the State of Tunisia to the Council during the month of January, and Britain focuses its discussion on climate change and the "Covid-19" pandemic, and many sessions address equal access to vaccines, Especially in conflict-affected areas LINK