TNT, KTFA, X22 and more......Monday Night 8-19-19

TNT: 

Cutebwoy:   More info added.....Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give

Dollar and local Iraqi currency

A member of the Parliamentary Finance Committee Abdul Hadi Saadawi said in a statement on Monday, August 19, 2019, that the Finance Committee will work to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world, or at least maintain the current exchange rate to have monetary power within Local market.

The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by “deleting zeros” from the current currencies to be valuable to the small cash categories.

Committee member Hanin al-Qadu told Al-Sabah semi-official newspaper on Monday, 19 August 2019, that during meetings and discussions with central bank officials, we stressed the need to reintroduce coins that have been used in Iraq during the past decades, rather than Paper that is damaged and printed in large quantities again.

He added, that the use of metal categories and their descent for trading gives a notional value of the currency, noting that a number of neighboring countries exchange rates are very high against the dollar and yet we find that it has a coin in order to preserve the currency and not need to request more banknotes, especially those with small categories . He expressed surprise at the policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market.

For his part, a member of Parliamentary Finance Majid al-Waeli readiness of the Committee to prepare any legislation required by the Central Bank, which could benefit the economy and the Iraqi market, including the circulation of coins.

Al-Waeli told Al-Sabah that the committee respects the independence of the central bank and its monetary policy, stressing that the bank has technical autonomy by decision regardless of administrative affairs.

KTFA:

Monday Night KTFA CC 8-19-19

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/BjQOEOz8cL

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Samson:  The establishment of investment funds ... the first steps of the rise of Iraq economically

19th August, 2019 by Hussein Al Falouji
During the past fifty years, Iraq has experienced significant economic fluctuations that could have been positively invested if the means and tools for advancement were available at that stage.

The discovery of oil early and in large quantities and the increasing global demand for it and high prices and the decision of nationalization were great opportunities were not invested properly by the Iraqi state, which reflected negatively on the political, economic and social reality.  Perhaps one of the most important reasons for the loss of these opportunities is not to build solid institutions for the development of investments properly, which led to the Iraqi economy has become a distorted present.

The important question in this regard, is to remedy it.  In my opinion, yes, it is possible to rectify the issue, but we need to be accurate in diagnosing the imbalance and courage in proposing the solution.

In a previous article, we personally and beyond any doubt, that the depth of the problems of Iraq is of an economic dimension, and stressed that abstract political solutions alone will not lift Iraq from its inaction, and according to this diagnosis, we must begin with solutions with an economic dimension. 

After a large study of the situation of countries near Iraq, which had successful economic experiences, we found that the best step towards the predominance of economic solutions must begin with the establishment of a national sovereign and central followed by the establishment of a number of investment funds specialized development.

Without a sovereign fund to accumulate cash surpluses and channel them into sustainable development sectors, all other measures would be an absurd increase.

The first measure: begins with the formation of a higher committee whose task is to study the best international experiences in this area and what are the best legislation that organized those experiences.

A federal law is then enacted to create a national sovereign fund, followed by the establishment of a number of development investment funds with a clear development plan that includes the objectives and sectors to be promoted.

When reviewing the experiences of the countries that founded investment funds was not better than the case of Iraq at the moment of the establishment of those funds, but we will find that the difference has become a big difference between the reality of Iraq now and the reality of those countries.   LINK

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Don961:  Economist: This is the fate of the (36) billion dollars lost from Iraq

Mustafa Al Anbari 08/18/2019 - 16:19 Posted in Economy / Iraq

Economist Bassem Jameel Antoine confirmed on Sunday that the 36 billion dollars announced by the United Nations from Iraq during the past six years ended up in the banks of various neighboring countries after being stolen by some parties and can be pursued if the will to do so. "Corruption does not mean that money is not only stolen, but it is allocated to projects that are currently unsuccessful or unimportant, causing huge losses in the current and distant future, and this is what the parties that took power in previous years."

Antoine told (Pasnyoz), that «the (36) billion billion that the United Nations announced the loss of Iraq during the past six years ended up in the banks of various neighboring countries after being stolen by some parties and can be pursued if the will to do so», noting that « There are larger funds have been lost from Iraq and there are no final accounts, especially in the general budget for 2014, and international organizations have a follow-up to such matters because they issue annual reports on the economic situation of the countries, including financial stability as well as the proportion of the country's attractiveness of investments ».

"Corruption does not mean that money is not only stolen, but it is allocated to failed or unimportant projects at the moment, causing huge losses in the current and distant future. "The economic mistake needs two years to discover only and then it takes five years to fix that mistake. The issue is very complicated and yet the parties come out at the time of the elections to talk about magical solutions and after the elections do not implement anything at all."

The UN Development Organization (UNCTAD), the United Nations, has announced the loss of Iraq $ 36 billion in the past six years.

A report by the organization, that «Iraq lost about $ 36 billion during the period from 2013 until the end of 2018 as a result of political instability and security and the ongoing war with ISIS and the rest of the terrorist elements».

The report pointed out that «Iraq lost last year 4.885 billion dollars compared to the loss of 5.032 billion dollars in 2017».

He added that «Iraq also lost about 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015», pointing out that «the year 2014 the largest loss of foreign direct investment, where Iraq lost about 10.176 billion dollars and lost 2.335 billion dollars in 2013».

The report continued, «The Iraqi economy has declined sharply over the past years due to security and political turmoil and wars in the region»   link

 Economic Control, You Have More Than You Know - Episode 1947a

X22 Report: Published on Aug 19, 2019

https://youtu.be/cKeLrWMnjTs?t=1

Future Proves Past, Distractions, Timing Is Everything - Episode 1947b

X22 Report: Published on Aug 19, 2019

https://youtu.be/pfjJUDh2s2U?t=1

Frank26 and KTFA Members "Pennies from Heaven" 8-19-19

KTFA:

Don961:  Talk about re-work coin and delete the zeros from the paper

arabic 19/08/2019 - 10:18
Posted in Economy / Iraq   basnews

A member of the Parliamentary Finance Committee revealed that there is a tendency to reintroduce the coin that has been used for decades in the country, while another member of the Committee proposed to pre-empt the coining process by “deleting zeros” from the current currencies so that there would be value for the small monetary categories.

The committee member, MP Hanin al-Qadu, that "during meetings and discussions with officials at the Central Bank stressed the need to re-work coins that were used in Iraq during the past decades, rather than paper that is damaged and printed in large quantities again."

He explained, "The use of metal categories and their descent for trading gives a notional value of the currency," noting that "a number of neighboring countries (exchange rates are very high against the dollar) and yet we find that it has a coin in order to preserve the currency and not need to request more papers Cash, especially in small categories. ”

He expressed surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market."

The Central Bank of Iraq announced in April 2005 to offer coins of denominations of 25, 50 and 100 dinars for circulation for the first time after they were canceled by the regime of Saddam Hussein after the Gulf War in 1991.

The Iraqi currency was canceled in 1991 when the international economic embargo on the country to increase the rate of inflation in Iraq by 1000%, and the result of the situation under the economic siege and a significant rise in prices led to the destruction of the value of the Iraqi currency and reaching a very low and severe exchange rate , Which made the coin and the few currency denominations without value.

It is noteworthy that the Iraqi dinar, which was equal to 3.22 dollars before the occupation of the former Iraqi regime of Kuwait in 1990, its value fell to one dollar equivalent to three thousand dinars by 1996.

Another member of Parliamentary Finance said, “The cost of a coin is more than paper money, and it is more difficult to carry it on the citizen.”

The MP Ahmed al-Saffar that "inflation in the economy prevents the minting of coins and make them circulation among citizens," suggesting that "there is a step to delete the zeros preceding the coinage process to be a value for small groups to large."   link

Popeye7:  Boy Don... The coins just keep on dropping... Cha Ching, Cha Ching...

MilitiaMan:  Sure looks like they want to talk about metals.. lol ~ MM

TheSnod:   At high levels, they are now, for the first time, talking about the consummation of our theories.  The cat’s head is out of the bag.  I’m really interested to see what happens with the Kurd’s now. Once they are in lock step with 140, it appears the gun is assembled with a finger on the trigger......

2cents:  The launch of the finality of the Education process for the citizens!!!!........IMO, This is part of what we have been waiting for.......the other part is the Kurd/Baghdad Agreements....

IMSO, we would not be seeing the finality of the education process if the Kurd/Baghdad Agreement isn't very close or even AGREED behind the scenes.........

It was strongly believed that the "finality of the Education process for the citizens" would require two weeks.........Kurds coming and agreeing over the coming weekend along with the "finality of the education process for the citizens" commencing today makes Islamic New Year's weekend look extremely appealing........All IMO, of course!!!!!

Frank26:  PENNIES FROM HEAVEN

Published 8-19-19

https://youtu.be/m7AVOJMkgMI?t=1

Frank26 and KTFA Members "Re-introduce the Coins"

KTFA:

Frank26:  Baghdad / Omar Abdul Latif The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by "deleting zeros" from the current currencies to be of value to the small cash groups.

Committee member Hanin al-Qadu said in a special statement to the "morning", that "during meetings and discussions with officials at the Central Bank stressed the need to re-work coins that were used in Iraq during the past decades, rather than paper that is damaged and printed in large quantities again ”.

He added, "The use of metal categories and their descent for trading gives a notional value to the currency," noting that "a number of neighboring countries - exchange rates are very high against the dollar - and yet we find that it has a coin in order to preserve the currency and not need to request more papers Cash, especially in small categories. ”

He expressed surprise at the policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market. For his part, expressed a member of Parliamentary Finance Majid Waeli "readiness of the Committee to prepare any legislation required by the Central Bank, which could benefit the economy and the Iraqi market, including the circulation of coins."

Al-Waeli told Al-Sabah: “The committee respects the independence of the central bank and its monetary policy,” stressing that “the bank has technical autonomy by decision regardless of administrative affairs. And MP Waeli, that "Iraq can not reproduce the experience of other countries in the use of these currencies, if it is in the interest of the advancement of the economy; Country to walk properly. ”

While the Committee member Jamal Cougar, "All countries in the Middle East and the world have a coin," noting that "this type of currency gives strength to its economy." He expressed the hope that "the concerned parties can strengthen the currency to be small groups purchasing power in the case of the use of coins." Committee member Dr. Ahmed al-Saffar, said that "the cost of the coin is more than paper money, in addition to the harder to carry on the citizen." Al-Saffar told Al-Sabah that the inflation in the economy prevents the minting of coins and makes them circulate among citizens. Big. ”

http://alsabaah.iq/12735/%D8%A.....9%8A%D8%A9

Strongcbm:    HUUUUUUUUUUUUUUGE ! ! ! .... IMO .. I call this a pre-announcement conversation ...
I really like this part..."exchange rates are very high against the dollar "

Rommy:  This ---" Al-Saffar told Al-Sabah that the inflation in the economy prevents the minting of coins and makes them circulate among citizens. Big. ”    means that purchasing power is necessary to enable the circulation of coins.

Doodlebug:   Wow, this right here.... I keep reading this over and over and over again.

while members of the Committee proposed to pre-empt the coin minting process by "deleting zeros" from the current currencies to be of value to the small cash groups.  Big.

IObey777:   IMO....it's getting REAL serious with our blessing! When Frank starts talking about how to check our dinar and next what to do when we go to the bank..you KNOW we must be getting close!!! IMO..... I'm excited to hear the next video and also what the "talk" is on the streets!! THANK YOU, FRANK, WALKINGSTICK, DELTA , TEAMS AND FF'S FOR ALL YOU DO!! Blessings to all!! I'm thinking we may be in ANY time mode right now! I pray we are ready, cause it's COMING VERY SOON!!

Don961:   The member of the Finance Committee Hanin al-Qadu, Monday, that the use of metal categories and lowered for trading gives a notional value of the currency.

He said in a special statement to the official newspaper Al-Sabah, that "during meetings and discussions with officials at the Central Bank, we stressed the need to re-work in large quantities, which were used in the past.

 He added, “The use of metal categories and their descent for trading gives a notional value to the currency.” Cash, especially in small categories. ”

Al-Qadu expressed surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market."

 For his part, a member of the Finance Ministry Majid al-Waeli, "the readiness of the Commission for any legislation required by the Central Bank, which could benefit the economy and the Iraqi market, including the circulation of the coin."

"The committee respects the independence of the central bank and its monetary policy," Waeli said, stressing that "the bank has technical autonomy by decision regardless of administrative affairs, which determines the usefulness of the move to use the coin."

He Waeli that "Iraq can not reproduce the experience of other countries in the use of those currencies, if it was in favor of the advancement of the economy; we can support this by listening to the justification and the views of the Central Bank's view and then the appropriate legislation of laws for the continuation of the monetary policy in the country to walk correctly".

“All countries in the Middle East and the world have a coin,” Jamal Cougar said. “This kind of currency gives strength to its economy.”

Kojer expressed the hope that “stakeholders could strengthen the currency so that small groups could have purchasing power if coins were used”.

Committee member Ahmed al-Saffar said that “the cost of a coin is more than paper money, and that it is harder to carry on a citizen”.

He said al-Saffar, the "morning", "The winning of inflation in the economy prevents the sake of coins and make trading between citizens", suggesting that "be no step to delete the zeros precede the process of coinage metal to be there the value of small groups versus large."    link

Don961:  Directed to re-work coin

Economie

2019-08-18 | 23:47

Source: the morning

The member of the Finance Committee Hanin al-Qadu, Monday, that the use of metal categories and lowered for trading gives a notional value of the currency.

He said in a statement to the official newspaper Al- Sabah, as "during the meetings and discussions with officials of the Central Bank stressed the need to re - work metal currency which was used in Iraq during the past decades, instead of paper , which is damaged and printed in large quantities again."

He added, “The use of metal categories and their descent for trading gives a notional value to the currency.” Cash, especially in small categories. ” 

Al-Qadu expressed surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market .    link

Don961:  Monday, August 19 , 2019 9:24

Qadu: Coins that have been used in Iraq over the past decades must be restored

A member of the Finance Committee Hanin al-Qadu, on Monday, that the use of metal categories and lowered for trading gives a notional value of the currency.

Al-Qadu said in a press statement that during meetings and discussions with officials at the Central Bank, we stressed the need to re-work coins that were used in Iraq during the past decades, instead of paper that is damaged and printed in large quantities again.

He added that the use of metal categories and their descent for trading gives a notional value to the currency, noting that a number of neighboring countries - exchange rates are very high against the dollar - and yet we find that it has a coin in order to preserve the currency and not need to request more banknotes, especially Small categories. ”

Al-Qdo expressed surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market."   link

Frank26 "Fireflies Tell Us Of Another Bank" and more...

KTfA:

Samson:  An economic crisis may affect five of the world's largest economies

18th August, 2019

Face 5 of the world 's largest economies are currently at risk of exposure to the economic crisis may occur does not require a lot. 

The UK economy shrank in the second quarter and growth stagnated in Italy, while data published on Wednesday showed that the German economy, the world's fourth largest, contracted in the three months before June. 

Mexico has evaded an economic recession, which is usually two consecutive quarters of deflation, and the country's economy is expected to remain weak this year, while data suggest that Brazil experienced a recession in the second quarter.  Germany, Britain, Italy, Brazil and Mexico are among the top 20 economies in the world. 

Singapore and Hong Kong, both smaller but of global commercial significance, also suffer. Although economic growth has been declining in each country due to a combination of determinants, the global industrial recession and sharp decline in business have made matters worse. 

The Chinese economy is facing the slowest growth in nearly three decades, with the country experiencing a long-term trade war with the United States, which plans to impose new taxes on Chinese exports in September and December. 

The International Monetary Fund last month cut its forecast for global economic growth this year to 3.2%, the weakest expansion since 2009, while cutting its forecast for 2020 to 3.5%.  These indices have caused growing concern among investors as the bond market is not promising, with more than a third of asset managers surveyed by Bank of America forecasting a global recession in the next 12 months. Neil Schering, chief economist at Capital Economics, says he sees no clear justification for the gloomy recession. Corporate spending on assets, such as equipment, has stabilized globally and the labor market is flexible, he said. 

However, Schering also points to some of the major risks that have affected the economy recently. First, the trade war between Beijing and Washington says that if Beijing and Washington continue to escalate tensions, it could affect corporate confidence. The International Monetary Fund has warned that growth in 2020 will halve if the conflict intensifies.

Another big risk is that central banks will fail to act, causing a negative reaction in financial markets that feed on the real economy. The US Federal Reserve cut interest rates last month for the first time in 11 years, while pressure is growing on China to cut its key interest rate for the first time in four years. Other central banks from India to Thailand have also cut interest rates, and further cuts are expected.  LINK

Don961:  Declining banks' dominance of the debt market threatens a violent global crisis

 17 August 2019 05:08 PM

Edit: Noha copper

Direct: Some investors worry that the build-up of huge global debt since the financial crisis a decade ago cannot be sustainable

Indeed, an analysis published by Bloomberg Openion suggests that in reality large debt can be sustained for a longer period, but only in accordance with the risk of a more severe correction in the future

This comes with the fact that this credit cycle may not be typical, as politics is driving the current expansion

Governments and central banks have encouraged debt-led consumption and investment to stimulate economic growth

Ample liquidity, central bank purchases of debt and zero or negative interest rates have allowed high debt levels to be sustainable and servicing costs can be paid

Great changes

These policies fundamentally change the mechanisms of credit markets. For example, with negative interest rates, borrowers can default if they fail to repay only the principal amount, because the interest payments required are small or non-existent

In Japan, poor profitability from negative interest rates has discouraged banks from trying to collect bad debts, instead relying on negative benefits to allow bankruptcy companies to continue working by providing them with loans

Signs of the debt plight include deteriorating credit quality, poor debt servicing and an increase in the number of non-performing loans, which are of little concern at present

Banks are less important now

At the same time, the less interesting shift in credit markets should serve as warning whistles, as banks have become less important as a debt provider since 2008, reflecting increased capital requirements and declining leverage within the banking sector

Investors have replaced banks not only with traditional debt providers such as insurance companies and pension funds, but with new participants such as investment funds, ETFs, hedge funds and foreign investors

For example, ETF holdings of corporate bonds have doubled since 2009 to about 20 percent of total bonds offered

The share of US banks in leverage debt has fallen to about 8 percent, while collateralised loan commitments, managed by specialized fund managers, have increased by about 60 percent of total issuances

Foreign investors currently hold about 30 percent of the US corporate bond market

High investor contributions to bond markets threaten to make any downward spiral more aggravated, as investors do not have enough capital to mitigate losses

Unlike cases where the bank is the lender, the losses will be passed on immediately to the end investors, accelerating the impact of any deterioration in credit conditions

Moreover, many mutual funds operate with a mismatch between assets and liabilities, and investors can redeem the bond in a short period of time, but the fund's assets usually include a long-term portfolio

The problem is exacerbated because the search for returns has encouraged funds to invest in a higher risk environment and less liquid assets, from which they may not be able to make enough quick profits to meet the redemption process

Another problem arises when investments are financed by leverage loans, where if asset values ​​fall, funds may have to sell long-term, often illiquid assets to cover the cost of margin buying

These funds generally have limited liquidity reserves to withdraw from them instead. Unlike banks, they do not have access to the lender of last resort facilities

Investors are pursuing rules-based strategies, and downgrades often exceed the prescribed limits or a significant drop in prices often cause the fund to be liquidated or affect operation

Most corporate debts currently range from a credit rating of BBB or higher, or a non-investment grade of BB or below

The share of investment grade debt ( BBB ) has increased almost four times its size since 2009, and any reduction will result in forced selling as investors limited to investment grade bonds will need to exit

Banks with loans to maturity are less affected by such changes

High participation by foreign investors poses different problems, and they will likely need to suddenly adjust their investment in response to currency fluctuations and higher foreign currency hedging costs, as well as a downgrade

The gravity of the next crisis

Ultimately, investors are ineligible to deal with financial crises. Banks can work with borrowers, restructure liabilities, or convert loans into equity to minimize losses

In contrast, many investors will sometimes be forced to sell their holdings at undervalued prices

Regulators and markets have taken steps to strengthen the banking system since the global crisis, but the problem is that in any future credit downturn, the tools to curb the crisis that banks can apply will have less impact than before, which will increase volatility and exacerbate any future financial crisis

In order to address declining investor demand and potential forced selling, policymakers need to increase their market intervention by imposing minimum capital and liquidity reserves, such as those applied to banks

If they don't, they risk using public funds to bail out investors to prevent a major financial crisis

The dilemma illustrates a fundamental aspect of the markets: risk never disappears, it only moves to the least regulated angle you can find     link

Frank26:   FIREFLY TELLS US OF ANOTHER BANK

Started streaming 25 minutes ago

https://youtu.be/r_jrLBBF8Ls?t=1

Frank26 and KTFA Members Friday Night 8-16-19

KTFA:

Samson:  International  Islamic Bank
15th August, 2019  As per latest youtube
On Sunday you can visit us
To transfer and receive your financial funds
Via Western Union service.
In all the branch of the international Islamic bank

General Headquarters: Baghdad - Indian ạlʿrṣạt - near door restaurant
Coral Branch: Baghdad - River Street - Baghdad Chamber building - ground floor
Najaf Branch: life neighborhood - opposite cooker restaurant
Basra Branch: Abbasiyah - old kia company street - near Zain company
Industry Branch: Baghdad - industry street - opposite university technology
Coming soon Holy Karbala Branch: Holy karbala - complexes street - opposite the tax bridge LINK

Lambchop:  Great to see in print!!!  Thank you Frank for telling us this would happen from your video last night per FF's info to you!!! This is a "told you so" moment!!

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Samson:  Baghdad sends the salaries of employees of the region and determine the date of disbursement

2019/8/16 11:41

A source in the Federal Ministry of Finance, on the resumption of the payment of salaries of employees of the Kurdistan region on Sunday.

The source explained in a press statement, on Friday, that "the distribution of salaries of the region's employees for the month of May, resumes on Sunday, and that the distribution of salaries of the Council of the judiciary in Kurdistan." 

He added, "The federal government will send on Monday the salaries of employees to the region, accelerating the distribution of salaries of all ministries that did not receive before Eid al-Adha," stressing that "all ministries will receive their salaries during the next week."   LINK

Samson:  Establishment of a Chamber of Commerce between the Kurdistan Region and Europe

2019/8/16 11:38

The head of the Federation of Chambers of Commerce and Industry in the Kurdistan region to start a "strong economic movement" in the region. "There have been attempts for a long time to open a joint chamber of commerce between the region and Europe," Abdul Wahid Mohammed, director of the Erbil Chamber of Commerce and Industry, told reporters. 

He added that "the Chamber of Commerce are important in promoting trade and industrial relations between the provinces of the region and the European countries, pointing out that he will open the branches of the Chamber of Commerce provinces of the region. 

For his part, Chairman of the Union of Commercial and Industrial Chambers in the province, said Dara tailor "There are a large number of foreign invested companies In the region, pointing out that after the improvement of the economic situation in the region, there is a strong economic movement witnessed by the region.    LINK

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Samson:  Parliamentary finance reveals on the rise of the balance of the Central Bank during this year

16th August, 2019

The Finance Committee in the House of Representatives on the rise of the financial balance of the Central Bank during the year, which confirms that the financial situation in the country is OK.

The Committee's Rapporteur Ahmed al-Saffar told the "Covenant News", that the economic and financial situation of Iraq is fine at the moment, as we find that there is a rise in the financial balance of the Central Bank, in addition to high oil prices than planned in the budget this year.

He pointed out that there is a defect only in the investment budget, which the government must address within the budget next year.   LINK

Don961:  :  Kuwait and Iraq .. friendship erases memories of the invasion

Baghdad / News
Together for the good of their citizens. The writer Bobby Ghosh said in an article published by the agency "Bloomberg" that seeing the scene of the delivery of Iraq the remains of 48 Kuwaitis who were lost during the Gulf War at the Safwan border crossing, "is wonderful, although it is still a large number of unknown fate, but some families can At least to realize the correct end of the fate of its missing. "

The writer said that this celebration marks an important milestone in the journey taken by Kuwait and Iraq towards normalization of relations since the fall of Saddam Hussein in 2003, with the current rulers in Baghdad to work on the basis of "Elly Fat Matt."

Last month, Prime Minister Adel Abdel Mahdi said that "the outlook is far greater than the fears and obstacles between the two countries."

Earlier in the summer, the emir of Kuwait visited Baghdad on his first trip, and Iraqi President Barham Saleh traveled to Kuwait City for the first time last winter.

Building diplomatic confidence is a major strategic goal for Baghdad. Iraq, located between two regional crises - the confrontation between the United States and Iran in the Gulf, and the growing hostility between Saudi Arabia and the Tehran regime - sees Kuwait as a relatively safe port, especially as the emirate still maintains friendly relations with these three foes, allowing it to deepen economic relations with Iraq without raising suspicions or enmity with anyone.

For Kuwait, Iraq is a huge market and investment opportunity that stands at its doorstep.

Iraq is also an escape from the tensions of the Arabian Peninsula, and therefore Iraq is one of the few places where Kuwait's foreign policy can expand.

This overlap of interests is already paying off. Iraq and Kuwait are planning to develop joint oil fields, one in the Safwan area. It is an opportunity to leave decades of disputes over land ownership and what lies behind it.

Kuwaitis are also helping develop gas fields in southern Iraq.

For Baghdad, these projects have the potential to develop a hydrocarbon strategy independent of distant regional interests.

Aside from oil, Kuwait promised to invest heavily in rebuilding Iraqi cities devastated by the battles against ISIS. There are also plans to establish special economic zones on the border, allowing each side free access to each other's markets.

Last month, the trade ministers of the two countries visited a potential site for one of these areas - in Safwan.

It is likely that it will be years before the remains of the bodies and remains of the Kuwaitis who died between 1990-1991 are found; for now, Iraq and Kuwait are burying their differences, which is good for everyone.   link

Samson:  Trump: Iran wants a new deal with the United States
16th August, 2019

President Donald Trump has announced that Iran wants a new deal with the United States because sanctions have severely damaged its economy. "Iran wants to reach a deal," Trump said in an interview with his supporters in New Hampshire.

According to Trump, this is due to the fact that sanctions have caused significant damage to the Iranian economy.  On July 14, 2015, the six countries ( Britain, Germany, China, Russia, USA and France) and Iran signed an agreement on the Joint Comprehensive Plan of Action on Iran's nuclear program. The landmark deal calls for the lifting of sanctions against Iran in return for restricting its nuclear program.

The deal lasted less than three years in its original form.  The United States announced on May 8, 2018, a unilateral withdrawal from it and the resumption of strict sanctions against the Islamic Republic, which affected weeks ago Foreign Minister Mohammad Javad Zarif and Supreme Leader Ali Khamenei.  LINK

Frank26:  THE MONKEES AND WESTERN UNION

Started streaming 49 minutes ago

https://www.youtube.com/watch?v=D7XQQxfeKoE

Frank26 and KTFA Members: " Purchasing Power for the Citizens"

KTFA:

Samson:  China: We will have to take countermeasures in response to the latest US customs duties

15th August, 2019

Finance Ministry said on Thursday that China will have to take countermeasures inevitable in the face of the US decision to impose the latest tariffs on Chinese goods worth $ 300 billion. 

The ministry also said that the US customs duties violate understandings reached by the presidents of the two countries and deviate from the right path to settle disputes through negotiations. 

The United States said earlier this month it would impose tariffs on Chinese goods worth $ 300 billion from September 1, effectively covering all Chinese exports to the United States.

But US President Donald Trump backed away from part of the plan on Tuesday, postponing tariffs on some of the targeted items such as cell phones, laptops and some consumer goods, hoping to reduce the impact of duties on sales during the US holiday season. However, the duties will apply to those products from mid-December. LINK

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Samson:  Under $ 58 .. Oil prices continue to decline

15th August, 2019

Oil prices fell 3% to less than $ 58 a barrel on Thursday, continuing the decline recorded by the last session by 3%, as it is under pressure from growing fears of a recession and a sudden increase in US crude oil inventories.

In a sign that investors are concerned that the US economy, the world's largest, may be heading towards recession, which will negatively affect oil demand, the US Treasury yield curve flipped on Wednesday for the first time since 2007.

Brent crude fell $ 1.81, or 3%,   to $ 57.67 a barrel and by 11:17 GMT, fell $ 1.57 to $ 57.91. Brent is still up 10% since the start of the year thanks to production cuts led by the Organization of the Petroleum Exporting Countries and allies such as Russia in the group known as OPEC.+   In July, OPEC + agreed to extend oil production cuts until March 2020 to support crude.

A Saudi official on August 8 hinted at the possibility of further steps, saying that "Saudi Arabia is committed to doing everything necessary to keep the market stable next year." But OPEC's efforts have been overshadowed by concerns about the global economy in light of the trade dispute between the United States and China and the uncertainty over Britain's secession from the European Union, as well as rising US crude stocks and rising US shale oil production..

China reported disappointing data for July, including industrial production growth at its lowest level in more than 17 years..

An unexpected increase in US crude oil inventories for the second week adds to pressure on oil prices. Crude oil inventories rose 1.6 million barrels last week, compared with analysts' expectations of a 2.8 million barrel drop, the Energy Information Administration said.   LINK

Frank26:  THE WORLD NOW SAYS PURCHASING POWER FOR THE CITIZENS

Streamed live 60 minutes ago

https://www.youtube.com/watch?v=JIY01iIU0ZY

Frank26:   Part 2

Streamed live 30 minutes ago

https://www.youtube.com/watch?v=QvVfHi1Zc-4

Frank26 and KTFA Members Wednesday PM 8-14-19

KTFA:

Frank26:   FIREFLY KEEPS ON TRUCKING

Streamed Live 30 minutes ago

https://www.youtube.com/watch?v=9pd-TV-sWOc

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Samson:  Trump threatens to withdraw from the World Trade Organization

2019/8/14 9:25

US President Donald Trump has threatened to withdraw his country from the World Trade Organization, which he accuses of always favoring China at the expense of the United States. "We will leave if necessary," he said amid shouts of support from a crowd of workers at a factory in Pennsylvania. "We know they've been hurting us for years, and that won't happen again." 

This is not the first time that Trump has threatened to withdraw from this international organization.  Last summer, Trump said the World Trade Organization had been dealing "very badly" with the United States for several years, adding that if it "does not reform itself, it will be withdrawn."  At the end of July, he called on the organization to prevent reforms in dealing with developing countries. 

The Trump administration has been on the World Trade Organization for many years to allow China to be classified as a developing country, relieving it of some duties.    LINK

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Samson:   Mayor of Sinjar: If the government implemented Article 140 of the Constitution, the 2014 disaster would not have occurred
14th August, 2019

The mayor of Sinjar district, Mahma Khalil Ali Agha, called on Wednesday to confine arms to the state in the judiciary.

"On the occasion of the 12th anniversary of the tragedy of Siba Shikhadri - Al-Jazeera compound in Al-Azir - Al-Qahtaniya district, which claimed the lives of more than 400 martyrs and 500 wounded, all of them Yazidi religious component, there is an urgent need to provide protection for religious minorities and reconstruction," Agha said in a statement received by Alsumaria News. Its areas, especially in Sinjar , which was more than once subjected to genocide."

Agha added, "Terrorism on August 14, 2007, the bombing of four car bombs targeting the island compound, and the massacre of the Yazidi component," pointing out that "this painful incident is the beginning of the genocide of the Yazidi component, before the tragedy, which has never been seen in The date that the Islamic State terrorist organization on the third of August 2014 stormed the region and did what it did to its people." 

He continued, "to give the constitutional rights to the region and the application of Article 140, has become a necessary need," noting, "If the government implemented Article 140 of the Constitution at the time, the 2014 disaster would not have occurred." He pointed out, "The catastrophe of the island complex is still stuck until now, represented by the presence of a large number of missing persons whose bodies have not been found, and the lack of access to their families and their rights and this in itself neglect and negligence of the Yazidi religious component." 

Khalil called for "making Sinjar a safe area, enforcing the law in it, confining weapons to the state and employing its people in the state security institutions to be able to protect its region, forming a joint army and peshmerga force to protect it, and arming and supervision of the international coalition to be a pillar of the safe area and creating a suitable ground for the return of the displaced." And eradicating the effects of genocide and beginning its reconstruction, "he said.   LINK

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Samson:  How much is Iraq's share of world gold ?

14th August, 2019
The World Gold Council data showed that the world's reserves of precious metal amounted to 34.076 thousand tons in August, the euro area accounted for 55.8% of them.

According to the data, the Arab countries combined have 1292.9 tons of gold, which represents 3.79% of the total reserves of the countries of the world.

The data shows that Saudi Arabia topped the Arab countries with gold reserves, which amounted to 323.1 tons, which secured 17th place globally. The Kingdom's gold reserves constitute 0.94% of the world reserves.

Lebanon ranked second with reserves of 286.8 tons (0.84% ​​of the world reserves), followed by Algeria with 173.6 tons (0.50% of the world reserves), and Libya with 116.6 tons (0.34% of the world reserves). Iraq has 96.3 tons (0.28% of the world reserves).

Gold prices have been rising recently as a safe haven, amid a raging trade war between China and the United States, which has overshadowed the growth of the global economy.

Since the beginning of this year, the price of gold has risen from 1281.3 dollars to be traded now at 1513 dollars.   LINK

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Samson:  Tomorrow gets the text of a decision authorizing the tax director to sign a double tax agreement with Saudi Arabia   LINK

MilitiaMan:  Even during Eid, they are dotting I's and crossing T's, a good sign they are prepared for things important, expecially when there is something larger coming.. lol imo ~ MM

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MilitiaMan:  So it looks like they are going to put this issue to bed finally!! I like the time line they have too. Seems to fit in line with all the education they have had on going.

All the pressures from so many angles are noted that support that everyone is ready for them to complete reforms and open up to the world by twining Baghdad and Kurdistan regions into one cohesive body working for all the common good. That time frame they give is immediately after Eid Al Adha.. That time frame is upon us so very shortly.

Eid is over this week our time.. So, I am not in any hurry to poo poo this meeting. The timing of it is in my humble opinion to be right on schedule.. A big window this weekend! imo And the BBs opinion as well. ~ MM

Don961:  Source: The Kurdish delegation's visit to Baghdad will discuss the return of the region's share of the budget to 17 percent

Politics 2019/08/14 12:48
Baghdad Today - Baghdad

A source familiar with the Kurdistan region revealed on Wednesday (14 August 2019) the files to be discussed by the high Kurdish delegation, which plans to visit Baghdad next week.

The source, who declined to be named, said in an interview to (Baghdad today) that "the delegation intends to put the budget file 2020 within the terms of the final delivery of oil and agree on a final formula, ending this file, which opens controversy on it annually."

He added, "The delegation will offer to re-share the region's previous share, which amounts to 17% in the budget, next year, in exchange for the final delivery of oil," pointing out that "the restructuring of the joint operating room between the Peshmerga and the Iraqi army, in the disputed areas, among the files Raised. "

He pointed out that "the delegation will be at a high level, representing multiple ministries in the Government of Kurdistan."

A source familiar with the Kurdistan region, revealed on Saturday (August 10, 2019), the intention of a Kurdish delegation to visit the capital Baghdad, after the Eid al-Adha holiday, to complete the talks on the outstanding files between the Center and the region.

The source said, in an interview (Baghdad today), that "a high-level delegation from the Kurdistan region, including ministers of Peshmerga, finance and planning and a number of advisers, will visit the capital Baghdad immediately after the Eid al-Adha holiday."   link  

Iobey777:   This is very good!! I like this paragraph:

The source, who declined to be named, said in an interview to (Baghdad today) that "the delegation intends to put the budget file 2020 within the terms of the final delivery of oil and agree on a final formula, *ending this file, which opens controversy on it annually."

and this one...

A source familiar with the Kurdistan region, revealed on Saturday (August 10, 2019), the intention of a Kurdish delegation to visit the capital Baghdad, after the Eid al-Adha holiday, to complete the talks on the outstanding files between the Center and the region.

Sounds like COMPLETION to me!!