News, Rumors and Opinions Monday 1-11-2021
KTFA:
Samson: Million Dinars, The Value Of Trading On The Iraq Stock Exchange During Today's Trading
11th January 2021
Iraq Stock Exchange indices continued their decline during the trading session on Monday, and the general index of the Iraq Stock Exchange decreased by 0.24% to reach the level of 485.92 points.
During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.
26 companies were traded, of which 5 companies increased, 9 companies decreased, while the prices of 12 companies stabilized without change. LINK
CoCo: During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.
This sentence is very important. 2.3 million shares of stock traded at a value of 2.04 MILLION DINARS. 2.04 MILLION DINARS is only worth about $2,000 USD.
DeepWoodz: Imo...After browsing through most of the articles, you can tell which blocs are mad because their old ways of corruption (fraudulent salaries & contracts) will no longer be as easy.
CoM passsd the budget last week, maybe sooner, there was no delay, imo.
On top of that, I highly doubt parliament will be allowed to make any pertinent changes. Notice the same old talking points, ie...we aren’t gonna vote, or we won’t change salaries, or Kadhimi has failed the people.
No what I say? SHUT UP BOZO! Soon you will be voted out. Now go put some paper in the xerox and put some paper clips at each desk, and oh yea, the bathroom is out of toilet paper. How bout fix that!
Then along comes this GOLD NUGGET.(see article below) ... you know why they can plan a MILLION home project?........because imports are now SUPER CHEAP with them shiny NSCN’s (Lower Denoms) and their super duper exchange rate!!!
Samson: The Investment Authority: It is building one million housing units through investment
11th January, 2021
The National Investment Authority announced that it is continuing its plan to build one million housing units through investment
"The 2021 plan will focus on productive sectors projects such as industry and agriculture, as it contributes to diversifying the economic base away from oil, as well as absorbing a large number of workers and taking advantage of the competitive value in return for import, especially after the decrease in the exchange rate of the dinar," said the head of the commission, Suha Al-Najjar
She added, "The plan also focuses on housing projects in all governorates to proceed with the one million housing units project, in addition to finding a radical solution to the lagging projects by re-presenting them as investment opportunities LINK
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Courtesy of Dinar Guru
Jeff they already did the first reading of the 2021 budget yesterday -Saturday...
MilitiaMan Article: "Parliament opens a "direct channel" with the government to amend the budget" Quote: “especially with regard to the chapters that result in deleting and increasing funds." Well deleting zeros is to increase funds is it not? ...IMO it is...
Jeff Iraq really doesn't have a lot left to do... devaluing the currency was at the request of the World bank and the IMF. It was a preparation step for them to reduce the physical note count in the county of Iraq and they are also injecting US dollars at this time. That way when the rate does change the citizens will have to turn in their US dollars in exchange for dinar. This is just steps for when the rate does change. Right now you are in the season for the rate change...
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"Robert David Steele: 10 Days of Darkness Starts Now, No ATM, Credit Cards, Internet" by Kat - 1.10.21
This video was just posted on Twitter in 2 parts:
Robert David Steele video 1-9-21
https://twitter.com/RealPollzApp/status/1348148513167863808
10 days of darkness are about to begin.
Beginning later tonight it’s entirely possible that the ATMs, internet, and credit card processing will go down. If not tonight then perhaps Monday (1-11-21.)
https://inteldinarchronicles.blogspot.com/2021/01/robert-david-steele-10-days-of-darkness.html
Basel Accord 3: NSFR, Gold and a Monetary Reset?
Mike Harris: Jan 10, 2021
Today, we explore the way in which Basel rules have had significant impact upon western economies & consider what the longer term intentions of the Basel 3 rules might mean for gold and the world.
So let’s dive on in. Now this channel provides global macro insights and champions the importance of sound money in a world gone crazy .
Now the Basel Accords are said to “ensure that financial institutions have enough capital on account to absorb unexpected losses.” There have been three successive accords with Basel 1 introduced in 1988. Basel 2 which was based around three pillars of minimum capital requirements, a supervisory review process and market discipline.
Yet, such Accords failed to prevent the 2008 meltdown. So in 2010, an agreement was reached on the overall design of capital and liquidity requirements under Basel 3 which was scheduled to be introduced between 2013 and 2015.
Yet it has been continually extended to where completion is anticipated in January 2022.