More News, Rumors and Opinions Monday PM 11-18-2024
DJ: DID YOU KNOW?
Where is the GCR? All the fires lit in Sept., Oct. and Nov. infatically stating the beginning of the GCR, going as far to exact days and even exact times of the day, when it was to begin. Common sense , at the time, would dictate we would see nothing dramatic happen leading up to the general election and most likely immediately following the election .
The transition of administrations in a presidential election creates a period of change and uncertainty, both domestically and internationally.
This process begins the day after the election, as votes are tallied, contested, or certified, and culminates with the inauguration of the next president on January 20th.
The transition affects not only the political landscape but also has significant implications for markets, foreign governments, and the broader economy. During this time, financial markets experience volatility, reflecting investor reactions to perceived political stability or instability.
For example, equities markets might rally if the outcome suggests continuity of policies favorable to business, while sectors linked to anticipated regulatory changes could see sharp movements. Now throw a major change of global currencies in the batch of confusion.
After the winner is confirmed, the transition formally begins, with the incoming administration organizing a team to assume the responsibilities of governance including the selection of cabinet members. It can be assumed that a special agency will have to be established for the sole purpose of regulating the GCR.
Foreign governments closely monitor this phase, seeking signals about the new administration’s policy direction, particularly in areas like trade, defense, and international agreements. Their perception of the incoming leader’s capabilities and stance can influence diplomatic relations and geopolitical stability.
The economy often reacts to expectations of the new administration’s fiscal, monetary, and regulatory policies. Sectors like energy, healthcare, and finance may brace for changes depending on the president-elect’s agenda.
The uncertainty during transitions can lead to a cautious investment climate, with businesses holding off on major decisions until there’s clarity about tax policy, regulation, and spending initiatives. On the other hand, clear and decisive communication from the president-elect can stabilize markets by reducing speculation.
The outgoing administration’s cooperation is crucial in ensuring a seamless transition. This includes granting access to federal agencies, national security briefings, and the provision of budgetary details.. A well-managed transition, however, reassures both domestic and international stakeholders about the resilience of domestic institutions.
Overall, this period serves as a microcosm of the new administration’s governance style. The clarity, organization, and tone set during the transition not only impact domestic confidence but also shape international perceptions of the incoming leadership’s priorities and effectiveness.
Keeping in mind the GCR is a global event and will require the cooperation and participation of all the sovereign nations. They all will be on hold until they can confirm the U.S. (being the big dog in the fight) is stable and willing to pursue its role in the GCR.
That being said, regardless of any new rumors or predictions in the near future , logic says the GCR would not be able to begin until the new administration takes office and stabilizes. No one wants to build a house on shifting sand.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on TV saying his vision of the Iraqi dinar and he believes the Iraqi dinar will surpass the Kuwait dinar in value due to economic reforms and due to currency stability here in Iraq. And he spoke about our reserves...He talked about how Kuwait dinar was one of the strongest in the world but then he said the Iraqi dinar will pass it. FRANK: The Kuwait dinar is $3.25 right now and Sudani told the Iraqi citizens, I got your back. I told you I was going to give you value, purchasing power. [Post 1 of 2....stay tuned]
Frank26 [Iraq boots-on-the-ground report] FRANK CONTINUES: Sudani is so close to giving you what he promised you that he is now defining it even clearer. For him to point at the Kuwait value versus the Iraqi dinar value is to give you more monetary reform education so that you will understand how your currency is about to gain purchasing power internally and the real effective exchange rate externally. Sudani is on the edge of giving you what he promised you...your new exchange rate and your lower notes. [Post 2 of 2]
TNT:
Tishwash: Government reassurance about Iraq's 2025 budget and oil prices
The Iraqi government reassured about the price of a barrel of oil in Iraq’s budget for the fiscal year 2025.
During his hosting on the {Free Talk} program broadcast on Al-Furat satellite channel this evening, the Prime Minister's advisor, Subhan Mulla Jihad, considered that: "The three-year budget was approved based on the price of a barrel of Iraqi oil at $70, and the schedules change annually, and practically the government has surplus amounts to cover the rest of the year."
He added, "But if prices continue to decline in 2025, we may face some problems in the price of a barrel, which will be set at $60, and all indicators confirm that oil prices will not decline below that."
Mulla Jihad continued, "The House of Representatives has 20 days of legislative recess, and at the beginning of the new legislative session, the 2025 budget schedules will be sent by the government to be approved."
Regarding Al-Sudani's visit to Erbil, Mulla Jihad said, "Al-Sudani's visit to Erbil is very successful and was able to create a solid foundation for future relations," noting that "there is a problem in light of the chaos of previous governments between Baghdad and Erbil due to the failure to implement agreements and the high costs of oil companies contracting with the region as a result of wrong policies in the previous stage, and a satisfactory solution was reached with the region." link
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(BOND MARKET FLASHING A WARNING!) AS A BRIDGE TO THE "NEW SYSTEM" IS WELL UNDERWAY.
Greg Mannarino: 11-18-2024