Chats and Rumors, Frank26 Dinar Recaps 20 Chats and Rumors, Frank26 Dinar Recaps 20

Frank26, X22 and more....Friday Night 8-23-19

Emailed to Dinar Recaps,

From Brent Johnson, who will be on MarkZ's afternoon stream this coming Tuesday (Aug. 27).

URGENT! IMPORTANT! As a result of the chaos that came out of incorrect information being posted regarding my verifying 800 numbers, I have had family, friends and staff harmed.

My intention was only to help people get verification of addresses but I have suffered as a result of the resulting insanity. Therefore, I am withdrawing my offer to vet addresses before exchange. Everyone is going to have to be on his or her own.

Please continue to list my weekly conference call at 9:00 pm Eastern Time at 605-313-5405 Access 888316. We discuss how to prepare for dealing with the redemption centers, setting up wealth management, second passports and golden visas, common law trusts, Private Interest Foundations and International Business Corporations, special private LLCs, International Drivers Permits, how to obtain press credentials, and much more.:):D

Emailed to Dinar Recaps,

From Brent Johnson, who will be on MarkZ's afternoon stream this coming Tuesday (Aug. 27).

URGENT! IMPORTANT! As a result of the chaos that came out of incorrect information being posted regarding my verifying 800 numbers, I have had family, friends and staff harmed.

My intention was only to help people get verification of addresses but I have suffered as a result of the resulting insanity. Therefore, I am withdrawing my offer to vet addresses before exchange. Everyone is going to have to be on his or her own.

Please continue to list my weekly conference call at 9:00 pm Eastern Time at 605-313-5405 Access 888316. We discuss how to prepare for dealing with the redemption centers, setting up wealth management, second passports and golden visas, common law trusts, Private Interest Foundations and International Business Corporations, special private LLCs, International Drivers Permits, how to obtain press credentials, and much more.:):D

************************

KTFA:

Iobey777:  WOW!! I've been telling ya'll ANY day now!! IMO!! Please listen to the YouTube video closely tonight!!Get ready, if you haven't already!!! IT'S COMING!!

Frank26:  MASSIVE

Streamed live one hour ago

https://youtu.be/kywNi1WvrqE?t=4

IggyLet’s Measure a Trillion in Numbers

 how big is a trillion on paper?

1,000 = one thousand
1,000,000 = one million
1,000,000,000 = one billion
1,000,000,000,000 = one trillion

A million is equal to a thousand thousands (1,000 x 1,000).
A billion is equal to a thousand millions (1,000 x 1,000,000).
A trillion is equal to a thousand billions (1,000 x 1,000,000,000)
or a million millions (1,000,000 x 1,000,000).

How Long Ago Is a Trillion Seconds?

If you count backward, then:
1 million seconds = 12 days ago
1 billion seconds = 31 years ago
1 trillion seconds = 30,000 B.C.
(give or take a decade or two)

Let’s Measure a Trillion in Height

If you stack a trillion-worth of $1000 bills together, then:
1 million dollars = 4 inches high
1 billion dollars = 364 feet high
1 trillion dollars = 63 miles high
(give or take a foot or two)
Note that this is a STACK, not laid end-to-end.

Let’s Measure a Trillion in Money

With about 305,000,000 people and 111,000,000 households in the U.S.

$1 Million is 1¢ per household,
$1 Billion is $3.28 per person and $9 per household,
$1 Trillion is $3,280 per person and $9,000 per household

If a person’s salary is $40,000 per year it would take:

25 years to earn $1 Million
25 Thousand years to earn $1 Billion,
25 Million years to earn $1 Trillion

 If you lived to be 80 years of age, to have:

$1 Million you would have to save $34 each day of your life,
$1 Billion you would have to save $34,000 each day of your life,
$1 Trillion you would have to save $34 Million each day of your life

 

Economic Optics Are Important, Trump Signals The Reset - Episode 1951a

X22 Report:  Published on Aug 23, 2019

https://youtu.be/vrTf082_iCg?t=1

Panic, Message Evergreen, Public Discovers Illegal Surveillance - Episode 1951b

X22 Report:  Published on Aug 23, 2019

https://youtu.be/_NwXraUPu9U?t=1

 

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MarkZ, Frank26, and more Late Thursday Evening 8-22-19

.MarkZ Thursday Night Update:- a few highlights.

MZ: If you get a chance check out this afternoons Able danger call…We are hearing of people doing Zim swaps today .... from several sources

MZ: A number of people are claiming they have dollars tonight….we are definently watching this evening for news.

MZ: When I get verifications they have spendable cash I will send out a tweet.

Mod:  GOING TO BE A PINS AND NEEDLES EVENING

MZ: For Able Danger youtube video,,,,,Everyone is saying to start listening at the 31 min mark  

MarkZ Thursday Night Update:- a few highlights.

MZ: If you get a chance check out this afternoons Able danger call…We are hearing of people doing Zim swaps today .... from several sources

MZ: A number of people are claiming they have dollars tonight….we are definently watching this evening for news.

MZ: When I get verifications they have spendable cash I will send out a tweet.

Mod:  GOING TO BE A PINS AND NEEDLES EVENING

MZ: For Able Danger youtube video,,,,,Everyone is saying to start listening at the 31 min mark    

Member: Mad Dog stated that his "Wallet" had been activated..He said he exchanged at 9:30 am

Member: He Said his money would be funded today and tomorrow and final on October 1

Member:  Mad Dog said it is happening NOW. we just have to wait a little longer.

Member:  Maddog had money deposited from his skr today and more to be deposited tomorrow

Member:  41 minute is where Maddog says the value

Member:  Awesome call with Mad Dog! Hudson River Fly Over today signified Restored Republic!!

MZ:  ABEL DANGER:: https://www.youtube.com/watch?v=UEQDSiOzoN4

MZ: From other sources but They expect to release out of Reno tonight..I need to verify this from my sources before I get to excited about it

The rest of the call was on the benefits of cannabis

Youtube:  https://youtu.be/xBTw5VWueTs?t=1

 Frank26:  MORE ON HOW TO DO XCHANGE

Streamed live 80 minutes ago

https://youtu.be/SrKp6Mz9yHQ?t=1

Iobey77:  That video was AMAZING!! FRANK!!! IMO...we must be very close to the end because FRANK is teaching us things he said he would do POST RI!! Maybe he's just getting a head start...and getting us ready to go so we can go to the bank with CONFIDENCE and INTELLIGENCE! I've got the fireworks ready!!

From Recaps Archives- Humor while we wait

BRITISH HUMOR IS DIFFERENT

These are classified ads, which were actually placed in U.K. Newspaper

FREE YORKSHIRE TERRIER.   8 years old, Hateful little bastard.    Bites!

FREE PUPPIES:    1/2 Cocker Spaniel, 1/2 sneaky neighbor's dog.

FREE PUPPIES.Mother is a Kennel Club registered German Shepherd. Father is a Super Dog, able to leap tall fences in a single bound.

JOINING NUDIST COLONY!   Must sell washer and dryer £100.
....

WEDDING DRESS FOR SALE .. Worn once by mistake.   Call Stephanie.

    **** And the WINNER is... ****

  FOR SALE BY OWNER. Complete set of Encyclopedia Britannica, 45 volumes. Excellent condition, £200 or best offer. No longer needed, got married, wife knows everything.

 >>>>>>>>>>>>>>>>>>>>>>>>>

 Children Are Quick:


 TEACHER: Why are you late?

 STUDENT: Class started before I got here.

    ____________________________________

    TEACHER: John, why are you doing your math multiplication on the floor?

    JOHN: You told me to do it without using tables.

    __________________________________________

    TEACHER: Glenn, how do you spell 'crocodile?'

    GLENN: K-R-O-K-O-D-I-A-L'

    TEACHER: No, that's wrong

    GLENN: Maybe it is wrong, but you asked me how I spell it.

    (I Love this child)

    ____________________________________________

    TEACHER: Donald, what is the chemical formula for water?

    DONALD: H I J K L M N O.

    TEACHER: What are you talking about?

    DONALD: Yesterday you said it's H to O.

    __________________________________

    TEACHER: Winnie, name one important thing we have today that we didn't have ten years ago.

    WINNIE: Me!

    __________________________________________

    TEACHER: Glen, why do you always get so dirty?

    GLEN: Well, I'm a lot closer to the ground than you are.

    ______________________________

    TEACHER: George Washington not only chopped down his father's cherry tree, but also admitted it.

    Now, Louie, do you know why his father didn't punish him?

    LOUIS: Because George still had the axe in his hand.....

    ______________________________________

    TEACHER: Now, Simon , tell me frankly, do you say prayers before eating?

    SIMON: No sir, I don't have to, my Mum is a good cook.

    ______________________________

    TEACHER: Clyde , your composition on 'My Dog' is exactly the same as your brother's..
Did you copy his?

CLYDE : No, sir. It's the same dog.

(I want to adopt this kid!!!)

    ___________________________________

TEACHER: Harold, what do you call a person who keeps on talking when people are no longer interested?

HAROLD: A teacher

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Frank26 and KTFA Members Thursday 8-22-19 "Currency Manipulator"

.KTFA:

Doodlebug:  CURRENCY MANIPULATOR CURRENCY MANNNNNNNIPUUUUULATORRRRRR...

Brilliant, Frank. Brilliant, WS. Brilliant, Teams. BRRRRRILLLLLIANNNNTTTTTTTT, PRESIDENT TRUMP!

This "label", this "put your Central Bank on notice" damning statement will have the Board of Director's at the CBI and Mahdi's Finance Committee SHAKING IN THEIR SANDALS!  If it were to happen and of course, hypothetically next week. Maybe. LOL oh yeah, and all of this is in my opinion.

We saw a recent example of this with China and Frank even talked about this in one of his CC's. China changed their rate one day, Trump responded with the US Treasury the next morning and BOOM, China changed their rate back.

KTFA:

Doodlebug:  CURRENCY MANIPULATOR
CURRENCY MANNNNNNNIPUUUUULATORRRRRR...

Brilliant, Frank.
Brilliant, WS.
Brilliant, Teams.
BRRRRRILLLLLIANNNNTTTTTTTT, PRESIDENT TRUMP!

This "label", this "put your Central Bank on notice" damning statement will have the Board of Director's at the CBI and Mahdi's Finance Committee SHAKING IN THEIR SANDALS!  If it were to happen and of course, hypothetically next week. Maybe. LOL oh yeah, and all of this is in my opinion.

We saw a recent example of this with China and Frank even talked about this in one of his CC's. China changed their rate one day, Trump responded with the US Treasury the next morning and BOOM, China changed their rate back.

China. Big 'ol China who sits comfortably in a Basket... completely afraid of this "label". Now the same thing is going to happen to Iraq? Little itty-bitty-not-sitting-in-a-basket-not-even-sitting-in-the-International-Arena (legally) being targeted by the USA? By Trump? What gives with this?!? WHO CARES about little itty bitty Iraq?!?!?!?

Calling someone a "Currency Manipulator" is more of a "retaliation" type of move. So why would Trump be retaliating against Iraq? Iraq isn't even, International[yet]. So why the [future]move, why the label? Well, it would trigger the US Treasury... wait... more like, IT WOULD REQUIRE THE US Treasury to "TRY TO START" negotiations with the Country that is manipulating their currency.

Brilliant.

There are all sorts of ways a country can manipulate their currency (I'm giggling here)... but the one that Iraq is doing is a new one for me. Per Don961's July 2016 article that Frank talked about on his YouTube video last night,

Item No.1 under heading: "Iraq needs to restructure its currency (Iraqi dinar)", it states:
1. Delete the zeros phantom inflation inherited from the siege and war.

So, would holding on to an "INHERITED PHANTOM INFLATION" rate be considered, Currency Manipulation?

Inherited: received as an heir at the death of the previous holder
Phantom: denoting a financial arrangement or transaction that has been invented for fraudulent purposes but that does not really exist
Inflation: the action of inflating something or the condition of being inflated.

Will Trump in the near future, order (threaten) Iraq to reinstate their currency by labeling them as a Currency Manipulator? Just asking for a friend.

******************

Dkhen:  Is there a link to last nights call?  

Popeye7:  Here you go.. Franks Vid From 8/21/2019

https://youtu.be/xp13jnEI-HI?t=1

2Cents:   Hey Newshounds.......Do you have any articles regarding NASDAQ and October 1st?????........Frank made statements referencing NASDAQ, October 1st and Iraq on his last video and I was hoping to read more related information....I must have missed the associated articles and would appreciate your help.  

Samson:   IRAQ signs deal with NASDAQ
21st July, 2019

NASDAQ and the Iraq Stock Exchange (ASE) have signed a new agreement to expand technology cooperation for the next five years, starting in October 2019, and continue to license and support the maintenance of systems and upgrade trading technology and deposit of securities for the next five years.

The executive director of the securities market Taha Ahmed Abdul Salam told vassal "Economy News", "the use of the Nasdaq technology is a positive signal to local and international regulators and investors, and that Iraq will strengthen its efforts to become an important financial center for trading securities."

Michelle Carlson, Managing Director of NASDAQ Middle East, said: “With the upcoming development and use of the latest NASDAQ technology, the ISX will join the Middle East Stock Exchange community in deploying high-quality multi-asset trading technology that meets international standards.” We also look forward to supporting the Iraq Stock Exchange x as it continues to develop and innovate. "

“NASDAQ provides transparency and insight to navigate the current global capital markets, as the creator of the world's first stock market. NASDAQ is home to nearly 4,000 total listings with a market value of about $ 15 trillion.

It is noteworthy that the functions of the Iraqi market for securities perform the task of organizing, controlling and launching continuous trading on the shares of listed companies, in addition to the control of the shareholders of the Company   LINK

Samson:   Source in Kurdistan: The federal government sent the amounts allocated to the salaries of employees

22nd August, 2019

A source in the Ministry of Finance and Economy of the Kurdistan Regional Government, Thursday, August 22, 2019, that the federal government sent the amounts allocated for the salaries of employees. 

The source said, in an interview continued obelisk, that "the Federal Ministry of Finance today transferred the amount of 454 billion dinars, and deposited accounts of the Central Bank of Iraq branch of Erbil."

The source explained that "the government of the region will resume after the arrival of salaries after the distribution stopped for a number of ministries and institutions as a result of lack of funds, because of the delay in Baghdad, the date of dispatch for more than two weeks for the second consecutive month.  LINK

Popeye7:   Maybe a sign?... Come on Iraq, add some value to those salaries...

 

 

 

 

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Frank26, TNT, X22 and more Wednesday Night 8-21-19

.KTFA: 

Frank26:  THEY TOLD US MONTHS AGO

Streamed live 30 minutes ago

Iobey777:  TONIGHT'S VIDEO! WOW!!! "WE HAVE EVERYTHING EXCEPT A RATE AND A DATE", FRANK 26  But..they have given us a rate in country of 1-1! We know they have recently talked about the prior rate of $3.22 which was their rate...

Also, they have said they would  lift the 3 zeros at the end of the first session..they got an extension, which ends on Aug 31!

IMO... Nasdaq will "reopen" Iraq trading on Oct 1 (with a new rate?)it's looking VERY Promising !!! 

Let's see what happens!!

KTFA: 

Frank26:  THEY TOLD US MONTHS AGO

Streamed live 30 minutes ago

Iobey777:  TONIGHT'S VIDEO! WOW!!! "WE HAVE EVERYTHING EXCEPT A RATE AND A DATE", FRANK 26  But..they have given us a rate in country of 1-1! We know they have recently talked about the prior rate of $3.22 which was their rate...

Also, they have said they would  lift the 3 zeros at the end of the first session..they got an extension, which ends on Aug 31!

IMO... Nasdaq will "reopen" Iraq trading on Oct 1 (with a new rate?)it's looking VERY Promising !!! 

Let's see what happens!!

https://youtu.be/xp13jnEI-HI?t=1

TNT:

Tishwash:   Including Iraq .. Know the arrangement of Arab countries investment returns on debt

019/08/21 08:46:07

Iraq ranked fourth in terms of the highest positive investment return on its foreign debt by the end of July this year, according to the latest data released by Merrill Lynch.

Egypt ranked first among Arab countries, followed by Jordan, Oman, Iraq, Saudi Arabia, Bahrain, Tunisia, Qatar, the UAE, Kuwait, Morocco and finally Lebanon.

Merrill Lynch is a New York-based global financial services organization that, through its network of subsidiaries and affiliates, provides capital market, investment and wealth-advisory, asset and insurance advisory services.   link

 ****************

Sabickford:   It's probably my age that tricks people into thinking I'm a Adult.

Don't bother walking a mile in my shoes. That would be boring. Spend 30 sec. in my head, That'll freak you right out!!!

Did you know on the Canary Islands There is not one Canary? And on the Virgin Isles? Same Thing - Not one Canary There.

Crap! Now the voices in my head have learned Sign Language

I was watching this guy who apparently forgot where he parked his car. He kept putting his remote in the air, and every time he squeezed it …I honked my horn.

My Wife just opened the car door for me. It would have been a nice gesture if we hadn't been going 70 miles a hour.

Help stamp out and eradicate superfluous redundancy.

Hollywood is the place where they shoot too many pictures and not enough actors.

Housework Can't Kill You, But Why Take A Chance!

How do they get the deer to cross at that yellow road sign?

How many of you believe in telekinesis? Raise my hand...

 [CB]s Around The World Are Panicking, Think Mirror - Episode 1949a

X22 Report:   Published on Aug 21, 2019

https://youtu.be/Wy_hUj445-A?t=1

Message Decoded, Public Rollout Of Declass, Complete Transparency - Episode 1949b

X22 Report:   Published on Aug 21, 2019

https://youtu.be/JwtyHi1xqTA?t=1

 

 

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Chats and Rumors, Frank26 Dinar Recaps 20 Chats and Rumors, Frank26 Dinar Recaps 20

Bits and Pieces in Dinarland Tuesday Night 8-20-19

.KTFA:

7-FADonkey

One day, a farmer's donkey fell down into a well. The animal cried piteously for hours as the farmer tried to figure out what to do. Finally, he decided the animal was old, and the well needed to be covered up anyway. it just wasn't worth it to retrieve the donkey.

He invited all his neighbors to come over and help him. They all grabbed a shovel and began to shovel dirt into the well. At first, the donkey realized what was happening and cried horribly. Then, to everyone's amazement, he quieted down.

KTFA:

7-FADonkey

One day, a farmer's donkey fell down into a well. The animal cried piteously for hours as the farmer tried to figure out what to do. Finally, he decided the animal was old, and the well needed to be covered up anyway. it just wasn't worth it to retrieve the donkey.

He invited all his neighbors to come over and help him. They all grabbed a shovel and began to shovel dirt into the well. At first, the donkey realized what was happening and cried horribly. Then, to everyone's amazement, he quieted down.

A few shovel loads later, the farmer finally looked down the well. He was astonished at what he saw. With each shovel of dirt that hit his back, the donkey was doing something amazing. He would shake it off and take a step up.

As the farmer's neighbors continued to shovel dirt on top of the animal, he would shake it off and take a step up. Pretty soon, everyone was amazed as the donkey stepped up over the edge of the well and happily trotted off!

MORAL:
Life is going to shovel dirt on you, all kinds of dirt. The trick to getting out of the well is to shake it off and take a step up. Each of our troubles is a steppingstone. We can get out of the deepest wells just by not stopping, never giving up! Shake it off and take a step up.

.a donkey.jpg

Frank26:  A PENNY FOR YOUR THOUGHTS

Everyone knows….The US Treasury, the Iraqi citizens, the CBI, the GOI, the IMF…Everyone knows

Iraq is now on fire with the reinstatement of their currency

Streamed live 60 minutes ago

https://youtu.be/Mg0c7i5amOM?t=1

Courtesy of Dinar Guru:

Vital Brad  ...I found the current rates of all the countries within Iraq's region...Iraq's right there...at .00083.  It's the lowest besides Iran with everything that's going on in Iran right now...Kuwait: one Kuwaiti dinar is 3.28 US dollars so it's a very valuable currency...Jordon: 1.41...Turkey: .17 ... Saudi Arabia .26 .  So Iraq's currency is way undervalued for the amount of oil that it carries...

Newshound/Intel Guru Dinar Investor - Jeff :  The formation of the government...is the linchpin...Iraq has delayed the formation of the government this entire year so they could set the stage...In my opinion the setting of the stage ends at the end of August and that's why they have the formation of the government set for September.  But now they have a brand new pattern coming into the news as the setting of the stage suggests to be ending in August... 

TNT:

FullSail:  push the button, flip the switch, turn the handle, pull the cord, connect the cables, turn the knob counter-clockwise, push down the plunger, pull the pin, stomp on the floor switch, turn the screw, send the smoke signal, pull the trigger, light the fuse, cut the cord, press the enter button, press the lever, give the go ahead, approve the release, sign the document, deliver the news, release the Kraken and make it happen, pull the tail on the donkey.....Gator Done

Fullsail Excitement is a good thing, gets the endorphins goin', keeps the mind sharp, keeps the head in the right place and the energy levels up. As Ray stated earlier, nothing has changed since yesterday, many including banks etc are on standby and are expecting what we are all waiting for. Our Faith

**************

Nubelle:   New Money: The Greatest Wealth Creation Event in History (2019)

Enjoy, and for the young at heart and entrepreneurs do take advantage.

https://www.youtube.com/watch?v=CaELQS5kTso

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Frank26 and KTFA Members "Pay Attention" 8-20-19

KTFA:

Frank26:  THERE ARE MANY MOMENTS AND MANY WORDS THAT I WILL FOREVER REMEMBER FROM OUR 11 YEARS OF STUDYING TOGETHER.  

FOR EXAMPLE............."WE WON".............."INTERNATIONALISM"...........LOL.............AND THE LATEST OF MY FAVORITES IS................"%$#@! FRANK EVERYONE KNOWS!!!"  LOL...........YES SIR.

TODAY AS WE SHARED YESTERDAY............THERE IS MORE AND YOU ARE READING IT !!! 

NOW PAY ATTENTION TO THE NEXT CLUSTERING OF POLITICAL POSTURING .............TO SEE THE SOURCES THAT ARE COMING OUT AND TALKING STRAIGHT FORWARD .............SOUNDING LOGICAL ...........ABOUT THE IRAQI DINAR SOON TO HAVE A CHANGE IN ITS VALUE............BY THE REMOVING OF THE 000'S AND INTRODUCING .........NEW SMALL CATEGORY NOTES AND THEIR FILS .............THE COINS THAT AUTOMATICALLY EQUAL A CHANGE IN THEIR EXCHANGE RATE. 

KTFA:

Frank26:  THERE ARE MANY MOMENTS AND MANY WORDS THAT I WILL FOREVER REMEMBER FROM OUR 11 YEARS OF STUDYING TOGETHER.  

FOR EXAMPLE............."WE WON".............."INTERNATIONALISM"...........LOL.............AND THE LATEST OF MY FAVORITES IS................"%$#@! FRANK EVERYONE KNOWS!!!"  LOL...........YES SIR.

TODAY AS WE SHARED YESTERDAY............THERE IS MORE AND YOU ARE READING IT !!! 

NOW PAY ATTENTION TO THE NEXT CLUSTERING OF POLITICAL POSTURING .............TO SEE THE SOURCES THAT ARE COMING OUT AND TALKING STRAIGHT FORWARD .............SOUNDING LOGICAL ...........ABOUT THE IRAQI DINAR SOON TO HAVE A CHANGE IN ITS VALUE............BY THE REMOVING OF THE 000'S AND INTRODUCING .........NEW SMALL CATEGORY NOTES AND THEIR FILS .............THE COINS THAT AUTOMATICALLY EQUAL A CHANGE IN THEIR EXCHANGE RATE.  

THANK YOU DELTA...........THANK YOU NEWSHOUNDS............THANK YOU GOD AMEN.

WE WILL HAVE SOME AMAZING REPORTS FROM FF77 ON TODAY'S YOUTUBE  CHANNEL VIDEO.........PLEASE ENJOY.  

FINALLY..............PREPARE YOURSELF TO DO THE IMPOSSIBLE.  FOR GOD  HAS MADE YOU IN  HIS IMAGE TO GLORIFY HIM.  FIND A WAY TO ACTIVATE AND UTILIZE YOUR INNER TALENTS TO SERVE GOD'S KINGDOM.  IF FOR SOME REASON YOU CHOOSE NOT TO...........TRUST ME GOD WILL FIND A WAY TO UNTAP YOUR POTENTIAL FOR  HIS KINGDOM...........AMEN.

GOD BLESS YOU ALL AND SOLELY WITH HUMOR AND JOCULARITY ........................TO ALL THE NAYSAYERS AND NEGATIVE TROLLS THAT HAVE IRRITATED ME FOR 11 YEARS I BRING YOU A PEACE OFFERING IN THE FORM OF............A FRUIT.  PLEASE ENJOY..................."RASPBERRRRRRRRRRRRRRRRRRY !!! "

SWEET ALOHA SEE YOU LATER TODAY.

Don961:  Parliamentary Finance of the "Covenant News": the formation of a committee to raise the exchange rate of the dinar against the dollar

By ahad5 19/08/2019 08:41 AM 

 Ahd News - Baghdad

Revealed the Finance Committee in the House of Representatives, the formation of a committee to raise the price of the Iraqi dinar against the US dollar.

"The Finance Committee has formed a sub-committee to maintain the exchange rate of the dinar against the US dollar," committee member Abdel Hadi Saadawi told Al-Ahd News on Monday.

He added, "The Committee will work in the future 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 a monetary power within the local market."   link

********************

Don961:  What's the use of coins at the moment ..

Economy | 08:10 - 20/08/2019

BAGHDAD - Mawazine News 
commented member of the Iraqi Economic Council Sadiq al - Mashat, on the statements of the Parliamentary Finance Committee on the Iraqi government 's quest to re - work coins. 

Al-Mashat said in a statement received / Mawazine News / a copy of it, that "the Iraqi government going at the moment to re-work coins is not positive because the financial developments in most countries of the world go to electronic currencies," indicating that "the work of electronic currencies in Iraq has been in great demand during Last few years. " 

He added: "More useful to the state is to reduce the use of currencies in general and urged the Iraqi consumer to pay electronically," indicating that "this measure provides the state the value of minting coins and the value of printing paper currency."

Al-Mashat called through the statement to "the importance of working in electronic currency rather than return to cash and metal," noting that "electronic currency can include small cash categories from one fils to one dinar and thus numbers upward for small cash categories." 

Al-Mashat said, "The banknotes will disappear after 30 years because of the high demand for electronic currency." 

The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. "   link

Iobey777:   YES!! Quit talking about it and just DO IT!!!

2Cents:  Now we have GREAT clarification on Finance Committee statements after their meeting yesterday!!!!!..........Huuuuuuge!!!        Remember, they used to just talk of "postponing".............Government is READY!!!!!.......C'mon Kurds, get your Agreements DONE!!!!!
As I stated yesterday, I really don't think we would see these statements unless the Kurd Deal is all but signed, IMO...

The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. "  

Hammy14:  2cents, I love it!!!  I absolutely do.  However, I am somewhat surprised they are making these bold statements before hand.  No hiding it.  No denying it.  Just in your face, blow me away type statements.  You'd think they would fly a little more under the radar, but whatever.  It really is incredible, IMO.  I just wish they'd stop TALKING and start DOING.

2Cents:  I see it as PRESSURE on the CBI.  After all, the government gave the "G0-ahead" back in March and said next Legislative Term.  Egg on their face if the CBI doesn't follow through by 9/3/19.  The government is making sure all know it is egg on the CBI face.  Notice yesterday they were voicing "surprise" that the CBI may consider coins prior to increasing value.  Today's statement makes no bones about it.  They are making it clear that they have directed the CBI to get it Done.  Clearest and Best statement we have EVER SEEN!!!!!!   "It's on you CBI, we say get it DONE!!!"

Popeye7:  In my best Arnold Schwarzenegger accent.... "YO, CBI...DO IT NOW!"

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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.

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

******************

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

****************

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

 

 



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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.

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

 

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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. ”

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!!

.a coin pic.jpeg

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

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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. 

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

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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

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!!

****************

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

***************

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

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