Frank26 CC Replay and KTFA Members "News and Views" 9-17-19

KTFA:

4short5:   How much dinar does Iran hold?  Could this be the reason they attacked the Saudi oil refinery to drive up the price of the dinar and bail out their own economy?  Sly like a fox.

Ikaika:  Ahh, but did Iran “ officially” send the drones to Saudi, or .... were they sent by others “   impersonating”official Iran actions.... from Southern Iraq ... umn ....

Cornhusker:   Think you are right ….deep state wants a war that will bail out their banks .

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Frank26 Monday KTFA CC 9-16-19

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/me0zGaZvaZ

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Samson:  The theory of stages of economic growth and Iraq prohibited from starting

17th September, 2019 by Dr.. Emad Abdul Latif Salem

Walt Whitman Rostow's theory of economic growth phases is to identify specific stages of economic growth in different countries, each with specific characteristics. These stages are:

1. The Traditional Society

2. Preparation phase for the Perquisites for Take-off

3. The Take-off Period

4. Stage of maturity Move Towards Maturity

5. High Mass Consumption

So when do we "take off" and "take off"?

Why don't you go, and take off from what you are in it?

What is missing?

Why don't you "go" and "take off"?    LINK

Iobey777:   ANOTHER PIECE ASKING THE QUESTION OF "WHEN?" AND WHY NOT NOW?  SEEMS TO ME THAT EVERYONE IS GETTING TIRED OF IRAQ'S COMPLACENCY AND NOT COMPLETING WHAT THEY NEED TO FINISH! IMO! IT'S WAY PAST TIME FOR THEM TO PUT UP THE NEW RATE AND MOVE THEIR COUNTRY INTO A NEW REALM OF PROGRESS!!!

Don961:  Abdul-Mahdi will visit three cities .. and sign historic agreements

Monday, September 16, 2019

Chinese Ambassador to Iraq Zhang Tao
Baghdad / morning 

Prime Minister Adel Abdul-Mahdi heads a high-level government delegation to China on Thursday for an official visit, which observers described as historic and important, especially as it coincides with the celebrations of the 70th anniversary of the founding of the Republic of China.

The Chinese Ambassador to Iraq Zhang Tao predicted that the coming year 2020 will be the "Year of Reconstruction of Iraq", indicating his country's aspiration to participate strongly to achieve the expected historical renaissance, stressing that Iraq is a key partner for Iraq. China is in the idea of ​​a giant global "Belt and Road" initiative. 

In an exclusive interview with Al-Sabah, Ambassador Tao disclosed the most important and important stations of the visit and the economic, technological, security and cultural agreements that the two sides will sign, especially the framework agreement with the Chinese company "Sancho", which will provide more than 10 billion dollars for the reconstruction of Iraq.

As well as follow-up China's contribution to solve the electricity crisis through the establishment of four huge power plants in Baghdad and the provinces, and Tao that the agreements to be signed by the Prime Minister will also include the establishment of an electronic library at the University of Baghdad and the training of Iraqi cadres by experts "Huawei" leading in the For agreements and communications technology in the construction of residential complexes, hospitals, reform of the soil and agriculture and to achieve security cooperation and coordination between the two countries and dozens of agreements.  Read full post here:  link

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Samson:  Abdul Mahdi soon to the United States

2019/17/09 18:59

The adviser to Prime Minister Abdul Hussein al-Hanin on Tuesday, the most important agenda of Prime Minister Adel Abdul-Mahdi's visit to the Republic of China, which begins next Thursday, stressing that the next direction will be towards the United States to sign contracts after Iraq opened doors with Neighborhood and brothers.

"The prime minister will go to China on Thursday at the head of a large delegation, which has clear economic features, including ministers, advisers and 16 governors," Al-Hanin said in a press statement.

He added that "the program of the next visit and economic files, carried by the Prime Minister include major projects in roads and transport, services, education, health and other," pointing out that "the Iraqi and Chinese sides have prepared well for the visit in the past months, through continuous meetings with major Chinese companies And complete the funding model through the Iraq-China Joint Reconstruction Fund."

Al-Hunain said that "the visit will be signed during the visit major contracts and agreements in the sectors of industry and agriculture, building schools, hospitals, housing, roads, trains and bridges," returned the visit "falls within the philosophy of the Prime Minister in opening up to the world, and that Iraq is a friend of all, and an influential factor in the world, It is a bridge between all the countries of the world."

He stressed that "China will not be the last in this deal, there is a large trend towards the United States of America to sign major contracts ready with US companies, in addition to Iraq opened its doors to its neighbors to work and invest in it, and top of these countries Saudi Arabia, Iran, Turkey and Qatar Egypt and the rest of the Gulf states."     LINK

MilitiaMan:  This is no coincidence. The meeting with China and USA is same day too.. ~ MM

Titus2mom4:  Oh wow, so we must be pretty much done and ready to go to the banks! IMO!!! Wow!!

Iobey777:   WOW!!!! A DOUBLE DUTY TRIP THIS THURSDAY!!!! SOUNDS LIKE THURSDAY MAY BE **HISTORICAL**  IMO!!!

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Samson:  Moody's downgrades Hong Kong's outlook as protests continue

16th September, 2019

Downgraded agency "Moody's" credit rating outlook for "Hong Kong" to negative from stable with continued strong protests in the country

Fitch downgraded Hong Kong's credit rating for the first time since 1995, at AA instead of the previous AA rating

Moody's said in a statement on Monday that the decision to change the outlook for Hong Kong to negative signals raises growing concern about the transformation, despite recent steps taken by the Hong Kong government to accommodate some of the demands of the demonstrators

The longer the stand-off between protesters and the government, the greater the risk of Hong Kong becoming less attractive as a global economic and financial hub

However, the agency confirmed Hong Kong's credit rating at (Aa2), citing "strong financial stores, with a lower burden of government debt and ample foreign exchange reserves

Hong Kong is likely to be downgraded if the government's policy fails to end the protests, the agency said   LINK

Samson:  China, US to hold round of trade talks

17th September, 2019

The United States and China will begin deputy trade talks this week in Washington to pave the way for high-level talks next month

The spokesman for the US Trade Representative, said on Tuesday, the two countries intend to hold talks on Thursday, without giving further details

Previously, trade talks at the lower house level were led by a spokesman for the Chinese minister of commerce

The United States decided last week to postpone the application of additional tariffs on Chinese products worth 250 billion dollars for two weeks, to be applied in the middle of next month

China also decided to exclude 16 US products from the tariff list for a year, and announced its intention to remove some US agricultural products such as soybeans and pork from the tariff list   LINK

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Samson:  The Fed plans to inject $ 75 billion into the financial system

17th September, 2019

The Federal Reserve said it would inject $ 75 billion into the financial system to stem a sharp rise in short-term financing costs in the United States

The Federal Reserve Bank of New York, which is conducting market operations for the US central bank, said on Tuesday it would launch a repurchase of securities to help keep the federal funds rate within the target range of 2 to 2.25 per cent

The cost of borrowing cash for the sale of US Treasury bonds overnight using repurchase agreements rose to 10 per cent, according to the data

This has raised the effective interest rate on federal funds to 2.25 per cent, higher than the Federal Reserve's target of 2 to 2.25 per cent

The bank said the operation would be conducted at a total of $ 75 billion, and talk of federal intervention has brought the repo rate back to zero, according to the Financial Times

Repurchases are a way for borrowers to raise short-term financing by agreeing to buy and sell securities over very short time frames   LINK

Frank, MarkZ, X22 and More Monday Night 9-16-19

Unsound Money, Unsound Economy

by Tyler Durden

Mon, 09/16/2019 - 14:00

Authored by George Ford Smith via The Mises Institute,

Most people who have undertaken a formal study of economics end up accepting such things as the necessity of a central bank to prevent or at least ameliorate recessions. They take as a given the need for government intervention in the economy, or if not as a given, as explained by countless historical incidents of injustice.

 Perhaps most of all, they regard anyone calling for an unregulated gold coin standard as so hopelessly backward and naïve that refutation seldom goes further than rolling one’s eyes.

Everyone “knows” the gold standard fostered those nineteenth-century panics, which high-minded bankers finally addressed by creating the federal reserve system in 1913.

Under the federal reserve, the government was able to create enough debt to send our boys into the bloodbath known as World War I to die (116,708) and suffer in horrendous numbers.

With the federal reserve engaged in money printing, including Fed chief Benjamin Strong's famous "coup de whiskey" in 1927, stocks soared stupendously from 1922–1929, until they didn't.

Following the crash, the very thing the Fed was supposed to prevent, it attempted to inflate us out of the Depression that followed but, as the story goes, was hamstrung in part by the barbarous relic, gold.

For this reason President Roosevelt, almost immediately after being elected in 1933, ordered Americans to turn in their gold under threat of fine and imprisonment.

Voila! We then had the Depression and we had no sound money.

And what has happened since? In a speech before The Economic Club of New York on December 19, 2002, Fed Chairman Alan Greenspan told his audience:

Although the gold standard could hardly be portrayed as having produced a period of price tranquility, it was the case that the price level in 1929 was not much different, on net, from what it had been in 1800. But, in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And, in the four decades after that, prices quintupled.

Monetary policy, unleashed from the constraint of domestic gold convertibility, had allowed a persistent overissuance of money. As recently as a decade ago, central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess.

But, he went on to say, central bankers are learning to treat the money they print as if it had the restraints of gold, or in his words “a prudent monetary policy … can contain the forces of inflation.” This was in 2002, before the economy blew up in 2007–2008 because of Fed money printing.

The Bernanke solution to the crisis, as the world witnessed, was even more aggressive money printing, creating staggering levels of debt and moral hazard, so that today financial pundits are predicting another crisis, likely worse than the last.

But some economists rejected the perceived need for government intervention in the economy. Specifically, the Austrian-school economists maintain that interventions not only fail but are almost always used to justify further interventions to fix the previous failures. (See Mises's Planned Chaos for a discussion of interventionism.) This continues at enormous cost and suffering until we find ourselves in the mess we are in today, where Democratic candidates in 2019 openly call for socialism to fix the failures of the free market they have spent decades destroying, along with their partners-in-crime, the Republicans.

Where can someone get a straight story on the item that is involved in virtually every economic transaction - money - and how its corruption has led to economic misery and injustice?

One excellent source is Joseph Salerno’s book Money, Sound and Unsound. As Salerno writes in the Introduction:

[T]he new millennium dawned with the Austrian sound money paradigm thriving — but still ignored by the mainstream. The bursting of the housing bubble and the meltdown of financial markets changed all this. A small number of economists and participants in financial markets forecast these events using the Austrian theory of the business cycle, which gives the only coherent explanation of booms, bubbles, and depressions.

Word spread quickly through the banking and financial sector and among the general public via the Internet. Soon several high-profile financial pundits and other members of the official media were publicly recognizing and embracing the Austrian analysis. Even a few mainstream financial economists were stimulated to give it a sympathetic hearing.

Prominent (and not-so-prominent) mainstream economists were nonplussed, if not alarmed, by this spreading challenge to their authority and attempted to respond to it by engaging Austrian business cycle theory on blogs and in popular periodicals. But these attempts were little more than hysterical diatribes based on a very inadequate knowledge of the literature and a profound misconception of the nature and claims of the theory. In the meantime, the doctrine of sound money, with Austrian monetary and business cycle theory at its core, has continued to flourish and grow and has emerged as the main challenger to the collapsing Keynesian spending paradigm.

What would monetary policy look like under a gold coin standard? Would Austrians serve on the FOMC to impart their SWAGs? Would they concoct mathematical magic to unswervingly aim for the natural rate of interest? For the answers, Salerno quotes Milton Friedman:

If a domestic money consists of a commodity, a pure gold standard or cowrie bead standard, the principles of monetary policy are very simple. There aren’t any. The commodity money takes care of itself.

How about that? Under a true gold standard, monetary policymakers would join the unemployed.

The remainder of his book explains why only a sound money is compatible with sustainable prosperity, individual freedom, and world peace.

I highly recommend it.

https://www.zerohedge.com/economics/unsound-money-unsound-economy

Frank26:  THE THIRD WEEK OF SEPTEMBER

Streamed live 43 minutes ago

Intel starts at about minute 2:40

https://youtu.be/RwCsZvRos5Y?t=1

Markz: 

9/16/2019 MARKZ IS IN TRAFFIC AND WILL TWEET LATER. NO STREAM TONIGHT.

His next update will be 10AM EST

Mark Coffee and Chat NEW MONDAY TIME Mon 2:00 PM EDT TUES -FRI 10:00 AM EST Thurs 8:00 PM EDT Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

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 [CB]/[DS] Economic Plan Blocked, Plenty Of Oil - Episode 1971a

X22 Report:  Published on Sep 16, 2019

https://youtu.be/kevf67frH4g?t=2

Operatives Hunted Down, [DS] Plan Backfired, No Place To Hide - Episode 1971b

X22 Report:  Published on Sep 16, 2019

https://youtu.be/y7oaFENruVM?t=4

Frank26 and KTFA Members "News and Views" Monday Afternoon 9-16-19

KTFA:

Frank26:  GREETINGS FAMILY.........

MY DAYS WITH YOU ON THE STUDY OF THE IRAQI DINAR ARE COMING TO AND END.

I INVITE MY KTFA KONA FAMILY TO JOIN ME TONIGHT ON OUR UB2B (youtube) AT 4:30 PM EST FOR THE INTRO TO OUR MONDAY NIGHT CONFERENCE CALL THAT STARTS AT 7PM EST.

I ALSO INVITE THE INTERNET TO COME AND JOIN US AT : http://www.ktfalways.com   SO THAT WE CAN STUDY THE RAMIFICATIONS OF IRAN'S ACTIONS SATURDAY ON OUR INVESTMENT.

FINALLY ON OUR LAST UB2B I POINTED ............WITH FF77 ............MY HOPES ARE YOU CAUGHT IT FAMILY.

IF NOT..........THEN TONIGHT MAKE SURE YOU BRING THAT DRAWING I DID FOR YOU ABOUT THE MONTH OF............SEPTEMBER.

GOD BLESS YOU ALL AND SWEET ALOHA \M/ 

Frank 26 Youtube videos:   https://www.youtube.com/results?search_query=frank26

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Samson:   Greek Foreign Minister visits Iraq

16th September, 2019
The head of the European Department, Ismail Shafiq Mohsen, met with the Greek Ambassador UNIDAS Kontofonios in Baghdad at the Iraqi Foreign Ministry.

"During the meeting, they discussed and discussed the latest developments in the international and regional arena and ways of enhancing bilateral relations between the two countries," a foreign ministry statement said.

"The two ambassadors also discussed the current arrangements for the forthcoming visit of the Greek Foreign Minister to Iraq soon," the statement added.     LINK

Cleitus:  The conservative elected government of Greece is paving the way for businesses to enter Iraq.  There is a debt to pay to the IMF and doors and eyes are beginning to open for the Greek peoples! These are very positive developments for the people and the country!  More is coming!!!   Thank you IRAQ!!!

Samson:   The National Bank of Poland launched the updated banknote for 100 zloty

16th September, 2019

To / All licensed banks ( National Bank of Poland put forward for circulation the

updated banknote for the category ( 100 ) zloty ) ... To view Click here

https://cbi.iq/news/view/1283

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Samson:  Baghdad sends the dues of farmers in the Kurdistan region in full

16th September, 2019
The Federal Ministry of Industry and Trade in the Kurdistan Regional Government said on Monday that the federal government will send the dues of farmers in the region for a crop for wheat at the end of this year.

Baghdad has recently sent an amount of 51 billion dinars to the region as a payment to farmers.

Ministry spokesman Fathi Mohammed said in a press statement that the Iraqi Ministry of Commerce sent another amount of 51 billion dinars to farmers in the region, adding that 17 billion were distributed to each province with the start of distribution.

He added that of a total of 181 billion dinars financial receipts for the wheat crop in the Kurdistan region, only 25 billion dinars left with Baghdad, adding that by the end of the year will be sent in full. LINK

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Samson:  Al-Rafidain: 25 million advance for employees is flowing
16th September, 2019

Rafidain Bank confirmed on Monday that the application for an advance of 25 million dinars for state employees is being smooth and high turnout

The bank's media office said in a statement seen by Al-Eqtisadiah that the granting of a 25 million advance would be exclusively for the employees of the endemic state

The statement added that "the application for advances is through the bank branches scattered in Baghdad and the provinces    LINK

Samson:  10 Main axes focused by the central bank governors in the 43rd session

15th September, 2019
Egyptian Prime Minister Mostafa Madbouly on Sunday inaugurated the 43rd session of the Board of Governors of Central Banks and Arab Monetary Institutions.

The Central Bank of Egypt said in a statement on Sunday that the 43rd session of the Board of Governors of Central Banks discussed 10 main axes as follows:

1- Regional and international monetary, economic and financial developments, their repercussions on the Arab economies, and the challenges facing the world economy, including high levels of indebtedness and developments in world trade. 

2. Governance of Central Banks Rapid developments and expansion of responsibilities of central banks.

3. Strengthen the capacity of central banks to support financial stability and develop risk management in line with developments in the financial and banking sector. In this context, the Board welcomed the recommendations of the recent IMF study on the governance of central banks. 

4 - The accelerated developments in the financial and banking industry in terms of the growth of cryptocurrencies issuance of central banks, and focused the interventions of the members of the Council on the opportunities offered by cryptocurrencies in promoting financial inclusion, fighting corruption and money laundering, and the development of electronic payment tools and improve liquidity management.

The CBE pointed out that the Council noted the need to address the risks that may arise, in addition to studying the possible effects on monetary policy and the importance of appropriate preparation.

5. Building the capacity of central banks wishing to issue cryptocurrencies, and developing standards regarding digital identity and the principles of knowing your customer. The Council also stressed the importance of developing appropriate legislation and enhancing international coordination in this regard. 

6. The work and recommendations of its committees and task forces, namely, the Arab Banking Supervisory Committee, the Regional Working Group for Promoting Financial Inclusion in the Arab States, the Financial Stability Task Force, the Arab Commission for Payment and Settlement Systems, and the Arab Credit Information Committee. 

In this context, the Board discussed a number of papers and topics worked on by committees and teams, the most important of which were “Banking Supervision on Institutions of Local Systemic Importance: Arab Experiences”, “Responsible Finance: Policies, Tools and Experiences”; Arab Countries and their Impact on Financial Stability", "Experiences of Instant Payments in Arab Countries", and" General Principles of Credit Rating for SMEs: Arab Experiences".

The Council stressed the importance of the proposals and recommendations contained in these papers, calling for their implementation in accordance with the situation of each country. He also briefed the CBE on the experience of the CBE in developing national payment systems and benefiting from modern technologies.

The Council welcomed the establishment of the Group of Modern Financial Technologies, due to its importance as a platform that brings together the most important parties and parties concerned with the development of the environment for financial technologies. 

In this context, the Council stressed the importance of studying the proposal to establish a regulatory laboratory to encourage financial innovations, as a proposed new framework for cooperation and regional experiences among the supervisory authorities in the Arab region to encourage the establishment of financial technology companies and to promote capacity building in this area. The Council also called on Arab central banks to work to maximize the use of modern financial technologies.

The Council also welcomed the regional initiative to promote financial inclusion in the Arab region launched by the Arab Monetary Fund in cooperation with the World Bank, the Global Alliance for Financial Inclusion and the German Development Agency. 

The Council looked forward to the activities and activities of this initiative, stressing the importance of benefiting from technical solutions to enhance financial inclusion. In this context, the Council noted the model of statistical surveys of the demand for financial services prepared under this initiative. 

The Board discussed the follow-up of the implementation of the Arab Clearing System. The Council called for providing support and support to the efforts of the Arab Monetary Fund in completing the establishment of the institution and its services and activities, and enhancing opportunities for the participation of Arab banks and financial institutions and banking in the use of the system that will be managed by this institution, as the Council stressed, the application of the highest international standards and principles.     

The members of the Board reviewed the Financial Stability Report for 2019 and expressed their appreciation for the follow-up of the Arab Monetary Fund to prepare and issue the report, including the topics and analysis. The Council stressed the importance of the report continuously reflecting priority developments and issues for Arab countries.

The Board reviewed the draft of the unified Arab speech to be delivered on behalf of the Arab Group during the annual meetings of the IMF and the World Bank. 

Council members reiterated the importance of providing more financial support to Arab countries. They also reiterated their call for strengthening partnerships between international financial institutions and Arab funds and financial institutions.   LINK

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Samson:  President of the Republic: We will present the draft law of the Reconstruction Council to the parliament

9/15/2018 20:18
President of the Republic Barham Saleh, on Sunday, with the parliamentary legal committee, the legislation of important laws in parliament during the coming period.

According to a presidential statement received by the agency (Euphrates News) a copy, that "Saleh received at the Peace Palace in Baghdad on Sunday, Chairman of the Legal Committee in the House of Representatives Rebwar Hadi and the delegation accompanying him."

Saleh stressed, according to the statement, "the importance of focusing on the important legislation to complete the building of the state and the development of the educational and educational environment in the country," pointing out that "the current legislative chapter will be an important chapter, where the Presidency of the Republic will submit to Parliament with the Prime Minister jointly draft reconstruction law, which It will be a breakthrough for a major economic transformation in the country aimed at completing infrastructure projects and providing job opportunities for young people."

The President expressed his hope that these projects will be approved quickly, especially as there is fruitful cooperation between the three presidencies, stressing the importance of coordination between the Presidency and the Parliamentary Legal Committee in order to legislate important laws that serve citizens and contribute to the consolidation of security and stability in the country.   LINK

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Samson:   Economist: oil prices may exceed $ 100 a barrel

16th September, 2019
Oil expert Majid al-Suri said Monday that oil prices could exceed $ 100 if Saudi Arabia loses 50 percent of its oil production, or more than 5 million barrels of oil, pointing out that oil producing countries will not be able to cover the shortage in oil production.

He said in a statement to the information, that "information about the loss of Saudi Arabia half of its oil production will lead to the rise in the price of a barrel to more than $ 100, because that means the loss of Riyadh more than 5 million barrels," noting that "oil-producing countries will benefit from This rise will cover the shortage, especially America, which has large oil reserves.”

He explained that "the world will need more than three million barrels of oil to make up for the shortage of production, where will not be able to produce countries, including Iraq to provide this quantity," pointing out that "Saudi Arabia can release its oil stocks to create a balance in the shortage."

Suri said, "Winter is on the doors, and the world will demand additional oil, as the trend today to reduce production, but the recent events, especially if Saudi information is believed to lose 50% of its production, the world will see a shortage of oil will raise prices to more than 100 Dollars a barrel.” LINK

Frank26 and KTFA Members "Gold, Oil and Currencues" 9-16-19

KTFA:

Don961:  China and the financial sector

Sunday 15 September 2019

 When it comes to economic development, depending on the existence of the elements to achieve this goal, the task requires priorities to be taken into account, in order to reach the desired integration in all parts of the local economy. 

In any case, the construction process requires international contact with economies that are weighted around the globe, which is obvious among the world economies seeking mutual benefit for sustainability.

Today, we have a broader orientation towards the Chinese economy, although the trade cooperation between the two countries is not the result of the moment. Financial.

Indicators confirm that the volume of trade exchange with China touched 37 billion dollars, and adopt mechanisms dealing through regional banks, and here we must in fact have a banking system capable of managing this process, through the adoption of correspondent banks or the opening of branches of Chinese banks inside Iraq, as can The adoption of bilateral partnerships in the financial sector, the result of which banks are sober leading to the mutual benefit of the economies of the two countries. 

The existence of a sound financial sector under the joint management of the owner of advanced financial technology is truly a cornerstone for the development of the national economy in all the details and puts the country in a position commensurate with its capabilities on the global list. 

The partnership with China, which has an advanced economy and has an active presence in the region is important, taking into account the communication with major international economic companies, especially as the Iraqi labor market accommodates the efforts of major international companies, and can be a starting point for major international industries are established inside Iraq It will arrive in the West markets within five days. 

Our economy is wide and we have to work according to these data and build with confidence and start from where the world ended.   link

MilitiaMan:  The above data supports that WS is right and apparently on time. We were told about this PBs in the USA to be within two weeks back on 09/06/2019. Well two weeks from then is 09/20/2019 imo. Today is the 15th.. lol  If they will arrive within five days it sure would seem they would have the international rate exposed prior to that time, imo..

Frank26:  TAKE NOTE IMO ..................... HAS TO BE WITHIN THESE ..........5. 

MilitiaMan:  Then the pressure is on now and big time. imo! The most logical time is upon us. imo That is when the markets bare the least disruptions.. imo! ` MM

Coco:  Oil is up nearly 12% and Gold is up nearly 1% in Pre-Market Trading this evening.

Frank26:  SMILE ................. YUP........ AND I ASKED ON UB2B LAST NIGHT ................ WILL GOLD BE POSTED NOW ON CBI ? 

MilitiaMan:  Will gold be posted on the CBI? I would expect so once they change the rate and allow for Fils, NSCNs and bullion in the ATMs.. Sound about right? ~ MM

Frank26:  (thumbs up)

2Cents:  Frank E   Frank E……Mahdi in Russia Thursday - Sunday.......?????  

Frank26:  BECAUSE IMO .........  IN THAT LINE OF DEALS THEY ARE ............. NEXT

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Samson:  Adel Abdul Mahdi receives a call from US Secretary of State Pompeo
16th September, 2019

Prime Minister Adel Abdul-Mahdi's office said Monday that he had received a call from US Secretary of State Mike Pompeo.

"Prime Minister Adel Abdul-Mahdi received a telephone call from US Secretary of State Mike Pompeo," the office said in a statement received by the Independent.

An informed source said that "the two sides discussed the political and security situation in the region in addition to strengthening relations between Iraq and the United States."   LINK

Samson:  Oil prices rise after Saudi attacks
16th September, 2019

Oil prices rose on Monday as Brent crude posted its biggest percentage gain in a day since the Gulf War began in 1991 after an attack on two oil facilities in Saudi Arabia halted production of the equivalent of 5 percent of global supplies

Brent crude futures jumped as much as 19.5 percent to $ 71.95 a barrel during today's trading, the biggest gain since January 14, 1991. By 0343 GMT, the contract for next month rose to $ 66.20 a barrel, up $ 5.98, or 9.9 percent compared to the previous close

US West Texas Intermediate (WTI) crude futures jumped as much as 15.5 percent to $ 63.34 a barrel, the biggest percentage gain in a day since June 22, 1998. By 0343 GMT, next month's contract rose to $ 59.73 a barrel, up 4.88 percent. Dollars or 8.9 percent

Saudi Aramco said the attacks had cut oil production by 5.7 million barrels per day. The company did not provide a timeframe to fully resume production

A return to full capacity could take weeks, an informed source told Reuters

An oil industry source told Reuters Saudi Arabia's oil exports would continue as usual this week as the kingdom uses stocks from its major facilities    LINK

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Samson:  Russian Energy Minister: There are sufficient commercial oil stocks around the world to cover any shortage of supplies

16th September, 2019

 Russian Energy Minister Alexander Novak said he planned to talk to his Saudi counterpart after attacks on Saudi oil facilities, adding that there were sufficient commercial oil stocks around the world to cover any shortage of supplies from Saudi Arabia

Novak said the criteria for the global oil production deal were unchanged and there was no immediate need for an extraordinary meeting of OPEC and independent producers   LINK

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Samson:  Germany: Withdrawal from oil reserves is a joint decision of the International Energy Agency
16th September, 2019

The German government said its oil supplies were unaffected by attacks on Saudi refineries over the weekend and any decision to withdraw from strategic reserves should be made in conjunction with members of the International Energy Agency

"We are monitoring the situation closely and the oil supply in Germany is not affected at the moment," a ministry spokeswoman said. Globalism

"The decision to withdraw from strategic oil reserves to compensate for global supply disruptions should be made jointly with members of the International Energy Agency (IEA) and at the moment this is not under consideration   LINK

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Samson:  Goldman: Brent may exceed $ 75 if the Saudi stop exceeds 6 weeks
16th September, 2019

Goldman Sachs said a production cut of more than six weeks due to the drone attack on two Saudi oil facilities over the weekend could bring Brent crude above $ 75 a barrel, although the impact of the attack has yet to be determined

"A disruption of production for this period under current levels will not only lead to an increase in Brent crude prices, but will also lead to the withdrawal of strategic oil reserves" in quantities large enough to fill such a deficit for several months, the Wall Street bank said in a note on Sunday. And put prices at their current levels

Oil prices rose on Monday, with Brent crude the biggest percentage increase on the day since the 1991 Gulf War because of Saturday's attacks that cut more than 5 percent of global supplies

A total shutdown of about 4 million barrels per day (bpd) for more than three months is likely to push prices above $ 75 a barrel, the bank said

The British bank Barclays said the attacks would not likely reduce Saudi oil exports significantly by the large stock of crude oil and petroleum products in Saudi Arabia   LINK

Samson:   After the rise of oil .. Gold jumps 1%

 2019/16 11:38

Gold jumped 1 percent on Monday as attacks on two oil facilities in Saudi Arabia led to risk aversion and boosted demand for the safe-haven yellow metal as investors awaited signs of monetary easing from meetings of major central banks this week.

Gold rose 1 percent in spot trade to $ 1503.60 an ounce by 0601 GMT, and prices fell 1.2 percent the previous week on hopes of a close end to the trade dispute between China and the United States. US gold futures rose 0.8 percent to $ 1,511.40 an ounce, after oil prices rose nearly 20 percent. Oanda analyst Jeffrey Haley said the attacks on Saudi oil facilities had shifted attention from stocks to safe havens.

With tensions mounting in the Middle East and hopes of more stimulus measures from major central banks, the next target for gold would be $ 1,530, he said. On the other precious metals, silver jumped 3 percent to $ 18 an ounce, and platinum rose 0.5 percent to $ 953.31. Palladium, meanwhile, gained 0.5 percent to $ 1,614.  LINK

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Samson:  The currencies of oil-exporting countries record broad gains after the Aramco attack

16th September, 2019

The currencies of oil-exporting countries recorded wide gains during trading on Monday, after the attack on refineries in Saudi Arabia

On Saturday, Saudi Aramco factories in Khurais and Abqaiq were set ablaze by drone attacks

The accident resulted in the discontinuation of 5.7 million barrels of crude oil supplies , or about 50 percent of the company's production, with government assurances that part of the decline will be compensated for its customers through inventories

Oil prices jumped after the crash due to a shortage of crude. Brent crude rose to $ 71.95 a barrel by about 19.5 percent, the largest single-day rise since January 1991

The currencies of the countries exporting crude received support from these developments, while the currencies of the importing countries declined

Norway's currency rose as one of the largest exporters of crude, and by 9:45 am GMT krona against the dollar rose about 0.2 percent to 8.9731 crowns

The Canadian dollar was also up against its US counterpart by 0.2 percent to 1.3258 Canadian dollars

On the other hand, the currencies of Turkey and India, as one of the major importers of crude

During that period, the Indian rupee fell against the US dollar by about 0.9 percent to 71.5400 rupees

The lira also fell against the dollar by 0.5 percent at 5.7141 pounds   LINK

Frank, KTFA, X22 and More Sunday Night 9-15-19

KTFA:

Frank26  VIDEO ~ BIG MISTAKE IRAN ...... BUT THANK YOU VERY MUCH https://youtu.be/hrEGsASxh3U 

FRANK: NEXT WEEK IRAQ WILL BE SIGNING MAJOR DEALS WITH COUNTRIES ALL OVER THE WORLD...

SAMSUNG IS A BIG DEAL... SIGNING DEALS WITH CHINA ON 19TH OF SEPT, DRAMATIC POSITIVE EFFECTS, MAJOR DEALS...

CHINA CANT GO IN THERE UNLESS THEY MAKE SOME ANNOUNCEMENTS ....

NEXT WEEK MORE TRAINING SEMINARS FOR THE PUBLIC/CITIZENS, BANK TELLERS IN IRAQ SAYING THAT... MAYBE THE INFO WE ARE LOOKING FOR  ...

THEY TOLD THEM A FEW WEEKS AGO ABOUT THE COINS - THESE ARE A FOLLOW UP TO THAT

Tivon​ - After what happened this week there is no way this is going into October. Iran just sped this up to the highest degree.

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Don961:  Parliamentary Energy: Parliament is determined to pass the oil and gas law during the current legislative term

By ahad5 15/09/2019 08:56 PM | Number Of Hits: 511Ahd News - Baghdad

The oil and energy parliamentary committee announced on Sunday that the Presidency of Parliament sent a formal request to the government to send a draft oil and gas bill in order to complete its reading and vote during the current legislative term.

The committee member Muzaffar Fazl said that "the House of Representatives is determined to pass a number of laws that have been stalled disabled since the previous sessions because of political differences on them."  

He added that "among the laws that are being moved to pass the oil and gas law," noting that "the Presidency of the Parliament sent a request to the government to send a draft   oil and gas bill for the purpose of completing the first and second reading and make amendments to it."

He explained that "the Council is determined to pass the law during the current legislative term."

Finished / 8     link  

Don961:   Washington: Ready to withdraw from strategic oil reserves

by Ali EjamEconomics3 Hours ago

Washington - “Liberation Squares”

The administration of US President Donald Trump has confirmed that it is ready to withdraw from strategic oil reserves if necessary after the attacks on Saudi Arabia and stopped more than half of the production of the world's largest oil exporter.

The US Department of Energy manages the strategic oil reserves held in heavily guarded underground reservoirs on the coasts of Texas and Louisiana.

The Iranian-allied Houthi group in Yemen has claimed responsibility for the attack, which disrupted production of about 5 million barrels, accounting for 5 percent of world production, but US Secretary of State Mike Pompeo blamed Iran alone for the attack.

The US reserve, the largest in the world, is about 645 million barrels of oil, according to the ministry's website, and consists of 395 million barrels of high sulfur heavy crude and 250 million barrels of US light crude.   link

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Don961:  China and the financial sector

Sunday 15 September 2019

 When it comes to economic development, depending on the existence of the elements to achieve this goal, the task requires priorities to be taken into account, in order to reach the desired integration in all parts of the local economy. 

In any case, the construction process requires international contact with economies that are weighted around the globe, which is obvious among the world economies seeking mutual benefit for sustainability.

Today, we have a broader orientation towards the Chinese economy, although the trade cooperation between the two countries is not the result of the moment. Financial.

Indicators confirm that the volume of trade exchange with China touched 37 billion dollars, and adopt mechanisms dealing through regional banks, and here we must in fact have a banking system capable of managing this process, through the adoption of correspondent banks or the opening of branches of Chinese banks inside Iraq, as can The adoption of bilateral partnerships in the financial sector, the result of which banks are sober leading to the mutual benefit of the economies of the two countries. 

The existence of a sound financial sector under the joint management of the owner of advanced financial technology is truly a cornerstone for the development of the national economy in all the details and puts the country in a position commensurate with its capabilities on the global list. 

The partnership with China, which has an advanced economy and has an active presence in the region is important, taking into account the communication with major international economic companies, especially as the Iraqi labor market accommodates the efforts of major international companies, and can be a starting point for major international industries are established inside Iraq It will arrive in the West markets within five days. 

Our economy is wide and we have to work according to these data and build with confidence and start from where the world ended.   link

MilitiaMan:   The above data supports that WS is right and apparently on time. We were told about this PBs in the USA to be within two weeks back on 09/06/2019. Well two weeks from then is 09/20/2019 imo. Today is the 15th.. lol  If they will arrive within five days it sure would seem they would have the international rate exposed prior to that time, imo..

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Don961:   Saudi Arabia aims to recover one-third of lost oil production by Monday

Baghdad / News:
Saudi Arabia plans to restore oil production by a third on Monday, which was halted by drone attacks on its oil infrastructure, the Wall Street Journal quoted Saudi officials as saying.

"We should be able to bring back two million barrels of oil ... by tomorrow," a Saudi official said.

"The situation is certainly worse than we expected in the early hours after the attack, but we are trying to make sure that the market will not face any shortage until we enter the full normal situation," the official said.

Saudi military expert: Iran is not the only accused in the attacks "Aramco" and the Kingdom's call to strike "dangerous"

The group "Ansar Allah" (Houthis), claimed the attack by drones targeted, earlier, oil installations belonging to the Saudi oil giant "Aramco" in the provinces of "Abqaiq" and "Hijrat Khurais" in the eastern region of Saudi Arabia.

A spokesman for the Yemeni armed forces loyal to the group, Brigadier General Yahya Serai, said in a statement, "The air force carried out a large-scale operation with 10 drones, targeting the refineries Abqaiq and Khurais in eastern Saudi Arabia."

He added, "targeting Abqaiq and Khurais fields of the largest operations in the Saudi depth; and called the second deterrence balance."

The Saudi Interior Ministry later announced control of two fires at the oil facilities.   link

[CB] [DS] Major Attempt To Bring Down The World Economy - Episode 1970a

X22 Report:  Published on Sep 15, 2019

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

This Is Not A Game, [DS] Attacks Intensified, Barr Receives Report - Episode 1970b

X22 Report:  Published on Sep 15, 2019

https://youtu.be/h_d1YMMnAZc?t=2

Frank26 and KTFA Members "Big Mistake Iran.....but Thank you Very Much"

KTFA:

Samson:  Government source reveals program of Abdul-Mahdi's visit to China 

The economic and political circles in Baghdad are looking with optimism to the forthcoming visit of Prime Minister Adel Abdul Mahdi to China on September 19 for four days, and it is reported in some economic circles that the visit will lead to the signing of about 30 large memorandums of understanding between Baghdad and Beijing include construction, construction, services, trade and industry.   LINK

MilitiaMan:  Sure looks like this is the opening of the doors..  Firstly before they all go live, Iraq will have an international medium of exchange!! Imo

Iobey777:  AND ACCORDING TO FF77, IT'S ALL OVER THE TV NEWS!!!!

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

Iobey777:  WOW!!! ANOTHER FANTASTIC VIDEO CC!!! AMAZING!!!I ESPECIALLY LOVED THIS FROM FRANK..IHO..."IRAN, YOU JUST PUT THE RI OF THE IRAQI DINAR ON SUPER STEROIDS!!'  THEN FF77'S REPORT!! AMAZING AND PERFECT CONFIRMATION OF WHAT YOU AND WALKINGSTICK TOLD US!!! IMO!!MAYBE..JUST MAYBE THEY WILL SEE THE NEW VISUAL AIDS THIS COMING WEEK!!!THEN WE WILL SEE FIREWORKS!!!!!!!!!!!!!!

Frank26:  BIG MISTAKE IRAN ...... BUT THANK YOU VERY MUCH

September 14, 2019

Intel starts about minute 5:00

https://youtu.be/hrEGsASxh3U?t=1

Samson:  Pompeo: Iran launches unprecedented attack on global energy supplies

15th September, 2019

US Secretary of State Mike Pompeo has hinted at Iran's role in the attacks, which targeted Saudi oil facilities.

"Tehran stands behind about 100 attacks against Saudi Arabia , while Iranian President Hassan Rouhani and Iranian Foreign Minister Mohammad Javad Zarif are pretending to be busy with diplomacy," he wrote on Twitter. "Amid calls to ease the escalation, Iran is launching an unprecedented attack on global energy supplies," he said.

 He continued: "There is no evidence that those attacks came from Yemen." He said, in another blog post: "We call on all nations to condemn the Iranian attack publicly," he said, adding: "The United States and its partners and allies, will work together to emphasize the continuing power supply, load Iran responsible for any aggression." Earlier in the day, Ansar Allah (Houthis) claimed responsibility for a drone attack that targeted two oil facilities belonging to Saudi oil giant Aramco in the provinces of Abqaiq and Hijrat Khurais in the eastern region of Saudi Arabia.

A spokesman for the Yemeni armed forces loyal to the group, Brigadier General Yahya Serai, said in a statement, "The air force carried out a large-scale operation with 10 drones, targeting the refineries Abqaiq and Khurais in eastern Saudi Arabia." He added, "targeting Abqaiq and Khurais fields of the largest operations in the Saudi depth; and called the second deterrence balance."

The Saudi Interior Ministry later announced control of two fires at the oil facilities.", And it includes one of the largest oil refineries in the world. The targeted Houthis, last month," gray hair "oil field march aircraft bomb; and before they launched an attack on two stations to pump oil in May / May, causing the outbreak of fires.   LINK

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Samson:  From an Iranian figure .. a threat to liquidate the Prime Minister of Basra and his family and his father and brothers

15th September, 2019
The governor of Basra, Asaad al-Aydani, said on Saturday he had received a letter from an Iranian number threatening to kill him and his relatives in the event of removing abuses in one of the areas in the far south of Iraq.

Colonel Safaa al-Aydani, a cousin of the governor, received a threatening letter to target al-Aydani, his father and brothers in the event of removing the excesses of shops in the Andalus area in Basra.

The governor said in a recorded audio statement published today to the media that "this threat came from an Iranian figure threatening Colonel Safa not to approach the excesses of the region of Andalusia."

"I am Egypt and I continue to decide to remove these abuses if they do not kill one member of my family, but even if they kill 10," he said.

The governor added, "I will remove all abuses in the province of Basra even if I receive a thousand threats." "If the governor is not afraid for himself, let him fear for his children, brothers and father, you and your homes are known to us, and I am excused from warning, Ali and my enemies," read the letter, apparently sent to Colonel Safa.   LINK

Samson:  Saudi Energy Minister says the attacks partially disrupted Aramco production
15th September, 2019

Attacks on two oil facilities in Saudi Arabia have partially disrupted crude and gas production in the world's top oil exporter, Saudi Arabia's energy minister said on Sunday

The minister said in a statement published by the Saudi Press Agency that the attacks on the Aramco facilities in Abqaiq and Khurais disrupted the supply of crude to the company by 5.7 million barrels per day, or about 50 percent of its production

The minister said part would be compensated for the withdrawal of Aramco's oil stocks   LINK

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Samson:  Trump tells bin Salman the negative impact on the global economy because of the bombing "Aramco"

15th September, 2019
US President Donald Trump told Saudi Crown Prince Mohammed bin Salman during a telephone call that his country was ready to cooperate with Saudi Arabia in all its security and stability, the official SPA news agency reported.

Trump "stressed the negative impact of the attacks on the US and global economies," the agency said.

The agency quoted Prince Mohammed as asserting that Saudi Arabia "has the will and ability to confront and deal with this terrorist aggression".   LINK

**

Samson:  US ready to use strategic oil reserves after Saudi attacks: ministry
15th September, 2019

The administration of President Donald Trump is ready to use the US emergency oil reserve if necessary after drone attacks on two oil facilities in Saudi Arabia, a Energy Department spokeswoman said on Tuesday

Energy Minister Rick Perry is "ready to use resources from the Strategic Petroleum Reserve if necessary to offset any disruption in the oil markets as a result of this aggression," said Shaylin Heinz

The Iranian-allied Houthi movement in Yemen claimed responsibility for Saturday's attacks on two plants in the heart of Saudi Arabia's oil industry, including the world's largest oil refinery in Abqaiq

Haynes said Perry directed the ministry's leadership to work with the IEA in Paris "on possible options for collective global action if necessary

The United States has at times coordinated with the IEA mass oil withdrawals from international reserves

President Donald Trump has long urged members of the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil to control crude prices   LINK

TNT, Frank26, and X22 Friday Night 9-13-19

TNT:

Cutebwoy:  Fears in the Syrian street after the exchange rate of the lira against the dollar to the highest level since the beginning of the war

The fall in the exchange rate of the Syrian pound, on the black market, against the dollar, to its lowest rate since the beginning of the war raised many concerns and questions in the Syrian street, after it reached 675 pounds per dollar.

A number of Syrian officials and economists have presented the government with a number of solutions to counter this major shift. Where the Director General of the Syrian Real Estate Bank, Madin Ali, proposed to take punitive measures against those found to be involved in speculation in dollars, whether banks, people or actors, and reconsider the policy of financing imports, and perhaps withdraw from it and leave the subject to the private sector, with strict and strict restrictions on Import only for the maximum need.

He also proposed imposing a mandatory dollar loan on large traders, financiers, new financiers and businessmen, and confiscating the funds of those who refused to help the state with a dollar loan.

The head of the financial and accounting professions, Zuhair al-Tinawi, said that the quick and emergency solution is "hitting speculators" and monitoring the trading operations in the parallel "black" market, noting that this solution is not optimal, but it is required in relation to the current situation, and stressed thatThe views of those charged with improving the value of the lira are complex and confusing, especially since previous procedures such as certificates of deposit have never borne fruit de facto.

For his part, a member of the committee of the draft law on the protection of the lira, legal Ammar Yusuf, proposed the control of the exchange market urgently, immediately and seriously, to protect citizens with very weak purchasing power, demanding the criminalization of the possession and circulation of the dollar outside the official channels, in accordance with the laws that were in force during the eightThe current situation is war, so the economy of war is to be applied, so the way the state deals with the exchange market in the 1980s has to be adopted today.

In statements quoted by al-Watan newspaper, which is close to the government, he called for closing companies and bureaux de change, limiting the dollar to basic need, through the state, in full, and controlling those who smuggle the dollar, in any amount.

Dr. Shafiq Arabesh, a professor at the Faculty of Economics, called on the government to launch a major crackdown on black market traders, especially since foreign exchange money is smuggled daily outside the country, noting that "the black market has become stronger than the monetary authority in the country".

https://clgmena.com/2019/09/08/fears-in-the-syrian-street-after-the-exchange-rate-of-the-lira-against-the-dollar-to-the-highest-level-since-the-start-of-the-war/

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Frank26:  "NASDAQ ARE YOU WILLING TO WAIT" 

September 13, 2019

https://www.youtube.com/watch?v=WNrR26caO8E

Courtesy of Dinar Guru:

Frank : ...their pattern is always to wait till the last second to do something. 

But between now and the last week of September IMO is a good window to do what they showed them in the visual aids.  It's no secret. 

The CBI is telling the citizens we're giving you purchasing power. 

 The citizens know it.  You know it.  It's no secret...everything is on course.  We're alright...

Smoke And Mirrors, This Is What Economic Control Looks Like - Episode 1969a

X22 Report:  Published on Sep 13, 2019

https://youtu.be/rkedJ7uPbEQ?t=4

D5 Avalanche, Could Gouge The Landscape, Take Cover, Incoming - Episode 1969b

X22 Report:  Published on Sep 13, 2019

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

Frank26 and KTFA Members "The Month of September" 9-12-19

KTFA: 

Iobey777:  WOW!! The month of SEPT video was HOT!!!!! SIZZLING!! Thank You FRANK and WALKINGSTICK for the wonderful "teaching"!! I  believe I got it!!

Let's see now...1st week, CBI meetings, education for the citizens, billboards, txt message to the citizens, flat screen TV, TV messages, Visual Aids...they have all been around for a while! All in Frank's opinion!

Walkingstick called and we amended our notes..

2nd week(this week)..Iraq Private banks learned of the 5 year plan...the citizens are being told what it is as the Private banks are being told!

3rd week...the last of the visual aids will come out, ATM's, NSCN's, fils, (after they have lifted the rate!) They will be told where to go and get them and what to do!

 IMO..all in Frank's opinion..4th week...possibly the same and they take it to the last Nano second!! WHEW!!!!!!

Remember what Frank said yesterday...IMO..." ONCE THE CBI SPEAKS, IT'S PUBLIC KNOWLEDGE"!!! 

I'M SENDING UP SOME PRAISES TO THE LORD RIGHT NOW!!

Frank26:  THE MONTH OF SEPTEMBER

September 12, 2019

https://youtu.be/o1u1EMpLf8g?t=1

https://www.youtube.com/watch?v=o1u1EMpLf8g

Samson:  Announcement of the opening date of Baghdad airport for 24 hours for passengers

9/9/12 11:46

The government has set the opening date of Baghdad International Airport for 24 passengers and citizens.

The personal secretary of the Armed Forces Commander-in-Chief, Lt. Gen. Mohammed al-Bayati, said in a press statement that "the first of October next is the deadline for opening Baghdad airport 24 hours to passengers and citizens."  

"The rate of administrative and logistical preparations has reached more than 75 percent for the full opening of the airport," he added.  LINK

Samson:  Sources: Saudi Aramco delegates 9 banks to lead roles in its initial offering
12th September, 2019

Saudi Aramco has mandated nine banks as joint global coordinators to lead its initial public offering, according to two sources familiar with the matter

Aramco chose JP Morgan, Morgan Stanley and the National Commercial Bank of Saudi Arabia, the sources said

They also chose Bank of America Merrill Lynch, Goldman Sachs, Credit Suisse, Citi, HSBC and Saudi Samba Financial Group

Those companies and Aramco did not comment on the news   LINK

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Samson:  Abdul Wahid: The two Kurdish parties steal 700 million dollars a month from oil and customs

12th September, 2019
The head of the new generation movement, Shaswar Abdul Wahid, accused the two Kurdish parties, the Kurdistan Democratic Party and the Patriotic Union, of stealing $ 700 million a month from oil and customs.

"The two Kurdish parties are stealing $ 200 million a month from the border outlets and nobody knows where that money goes," Abdel Wahed said in televised remarks.

He added that the two parties are also stealing up to half a billion dollars a month from the export and smuggling illegally, noting that "the region exports 450 thousand barrels of oil per day."    LINK

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Samson:  Local official reveals illegal exchange doors in Ninewa budget for 2019

12th September, 2019
Revealed the Nineveh provincial council member Mohammed Ibrahim, Thursday, for the doors of the exchange of illegal Nineveh budget for 2019.  Ibrahim pointed out, "the existence of great corruption in the supplementary budget of 2019 put forward by the provincial council yesterday."

The council member, told Mawazine News, that "there are doors of purely illegal and unknown and we as an opposition bloc withdrew from the meeting because there is great corruption."

Ibrahim said that "70 million dinars have been allocated to guards guarding the night and money to paving the streets did not exaggerate too much and there are necessities in the devastated devastated province has not been addressed at all."

The government of Erbil decided to send a Kurdish delegation to Baghdad, next week, to discuss the budget file and the proportion of the region, while an invitation to the committees of finance, oil and gas, and legal in the House of Representatives to visit Kurdistan, which insists on returning the region's share of the general budget to 17%, which is prepared "A legitimate right", while Kurdish lawmakers threaten, they will hinder the passage of the budget law for next year, before getting the previous rate. The draft budget law for next year, set the share of the region by 12.63%.

It is noteworthy that there are differences between the federal government in Baghdad and the provincial government on the share of the Kurdish financial has been set at 17%, before the former Prime Minister Nuri al-Maliki in early 2014 cut the region's share of the federal budget after political differences.   LINK

Frank26, KTFA and TNT Wednesday Night 9-11-19

KTFA:

Walkingstick:  Good evening, all...I, just spoke... with Frank...I would take note of what he shares.. New info (opinions) and clarity on opinions already shared....Regards. WS ...

Frank26:  COINS OR FILS

September 11, 2019

F26:If you take all the people in the world who have dinars  as an investment outside Iraq and add them all up….it still doesn’t even come close to one countries foreign reserves with their dinar,  we the investors are a pimple on the back of a Brontasausus….…..we don’t matter to the CBI…

Firefly77 Report :  The TV says the parliament is coming back for its first session of their new term this Saturday (9-14-19) . Also they ar showing the delegation from the Kurds and showing dates of Wed. for them to come to Baghdad and discuss the 2020 budget.  There were many important meetings today with all the Private Banks in Iraq and the finance minister…..They are not releasing info on that yet.

Then we went to our bank…and we asked them “When will we see more on the coins that are coming?”  My teller said “Look, tell Mr. Frank (lol) that we do not know a date…but, its foreseeable in the very near future. “

https://youtu.be/uJgzgswLj2A?t=4

Article addressed on video:

Samson:  In a new scandal, Biden promised Putin Iraqi oil revenues in return for support for America's war

11th September, 2019
US Vice President Joseph Biden tried to bribe Russian President Vladimir Putin with Iraqi oil revenues seized at the start of the war in exchange for Russia's support for the 2003 invasion of Iraq, a report said on Wednesday .

Biden asked for a meeting with Putin and proposed a deal where all proceeds from Iraq's seized oil would initially go to cash-strapped Russia in return for Russian support for the invasion. Biden saw it as an offer that Putin would not be able to He rejected it, and he was disappointed that the Bush administration did not think about it. ”

According to a copy of the events at the Kennedy Library of Congress, Biden said he approached Putin and asked him the question: What if President Bush would actually agree that the first revenues coming from Iraqi oil would pay about $ 12 billion in hard currency, which The Russians need it directly? ”

"Putin's response at first was to reject the offer, but they ended up going into the details. Biden said Putin responded by saying, 'That's not how I build my policy, but let's talk about it'," he said. ”.

"Biden called the White House to convey his conversation with Putin, but he was disappointed that he did not reach the president of any of those details," the website said, adding that he believed Putin could have joined the invasion of Iraq if Bush had made the deal. "The proceeds that will cover the external debt have been repaid, and we agree that the Russians will be first, because they were starving."

Biden accused the Bush administration of rejecting his plan to buy Putin's support for oil money because of Bush's unwillingness to share resources, noting that "the reason why the president did not know about his plan is" because we thought this would go so far that we are going to war over oil, but That was a profit for American oil companies.”    LINK

TNT:

Harambe:  Found on Maliki’s private plane…….

GD Online Video: Billions of Dollars in US Cash Seized at Dubai ... Found on Maliki's Private Plane Follow link to view video.

Follow link to view video of seized US dollars in crates.

UAE: The security authorities at Dubai International Airport reported intercepted a shipment containing a massive quantity of US dollars banknotes.

The officers searched a private plane belonging to former Iraqi Prime Minister Nouri Al Malki and found the boxes containing the cash.

Lebanese journalist Maria Maalouf claimed in a tweet on her account that money, worth billions of dollars, had been stolen from the Iraqi treasury.

Three Iraqi officials were accompanying the shipment, she wrote on her Twitter account, posting a video recording showing the massive haul. She claimed that the money was on its way to be smuggled to a European country.

VIDEO: 'Billions of dollars' reportedly seized at Dubai International Airport http://www.gdnonline.com/Details/607787/VIDEO-Billions-of-dollars-repo​rtedly-seized-at-Dubai-International-Airport

SwampyJack:  harambe thanks for posting that !! I remember the Iraqis found another plane a few years ago with $$$ stuffed in the walls of the plane. That means that the billions stolen will return to the Iraqi Central Bank in due time and revisit the charges against Maliki :vclap:

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Cutebwoy:  After the indictment of Nuri al-Maliki .. UAE detonates a surprise for the return of the “dollar fund”

Reports and analysis of the Dubai Police Dollar Fund

2019/09/11 13:48:22

Dubai police in the UAE on Wednesday issued an official statement on the rolling video of billions of dollars in aircraft.

Colonel Faisal Issa al-Qasim, director of the Dubai Police’s Security Media Department, said the funds were not for any Arab official as he had promoted, but for an African gang that tried to defraud the person in the video.

“The African gang tried to defraud the person by identifying them through social media, and then communicated with them and tempted them to double their money, luring him to an apartment containing counterfeit dollar boxes, and then filmed him in an attempt to blackmail him and give them money, then hurried To inform the General Department of Criminal Investigation and Investigation which in turn has taken the necessary measures to arrest them. ”

Colonel al-Qasim said that “the person would have fallen victim to the gang without his awareness and the speed of notification to the General Directorate of Investigations and Criminal Investigations, which in turn hastened to uncover the truth.”

Maliki and Gaddafi accusations

The whirlwind of “billions of funds” began when the Lebanese media, Maria Maalouf, published a video to seize funds filled with “billions” of dollars, by the UAE authorities.

 “Security authorities at Dubai airport seize a shipment of funds full of dollars stolen from the Iraqi treasury,” Maalouf said.

“The shipment is estimated at hundreds of billions of dollars aboard a private Iraqi plane, belonging to Nuri al-Maliki, which he intended to smuggle to a European state.”

“These funds are equivalent to the budget of 10 Arab countries for five years,” she said.

But the leader of the State of Law coalition and former Iraqi Prime Minister, Nuri al-Maliki, spoke about his relationship to a video of “boxes filled with billions of dollars.”

Maliki’s bureau chief, Hisham al-Rikabi, said in a tweet that there was no link between the former prime minister and the “billions of funds.”

“Your lies will not fool anyone anymore. I think this passage is old, and the owners have nothing to do with it,” Rikabi said.

“According to the information, these funds are Libyan smuggled, belonging to the era of the Gaddafi regime.”

The video returned to another case of controversy, after linking the director of al-Maliki’s office that video to the late Libyan Colonel, Muammar Gaddafi, before issuing a statement Dubai police.

Frank26, X22, TNT and more....Tuesday Night 9-10-19

KTFA:

Tivon:  Something feels eerie about this week like this placid lull before everything breaks loose. Parliament is back in session for this upcoming weekend. They proclaimed to their citizens that their fiscal policies would be enacted during the first legislative term is over.

The private banks will be opening with the next 12 days. The Oil & Gas Law is supposed to be passed this month. Along with the ISX/NASDAQ beginning trade on Oct 1st.

Logic dictates that a new International rate should be out before the 14th. This is based on what we already expected to happen before the tenth from information revealed at the end of August.

 Here we are on the cusp of two weeks remaining in September. I don't think this week is meant to be another empty slate of promise being withheld for everything to crash and collide next with events that are contingent upon things happening this week.

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Frank26:  UPDATE YOUR NOTES

September 10 2019

https://youtu.be/5ltp6CtjLA0?t=8

TNT:

Harambe:  AP News: Rocket blast at US Embassy in Kabul on 9/11 anniversary

KABUL, Afghanistan (AP) — A rocket exploded at the U.S. Embassy in Afghanistan just minutes into Wednesday, the anniversary of the 9/11 attack on the United States, but officials at the compound declared all-clear about an hour later and reported no injuries.

A plume of smoke rose over central Kabul shortly after midnight and sirens could be heard. Inside the embassy, employees heard this message over the loudspeaker: “An explosion caused by a rocket has occurred on compound.”

There was no immediate comment from Afghan officials. The NATO mission, which is nearby, also said no personnel had been injured.

It was the first major attack in the Afghan capital since President Donald Trump abruptly called off U.S.-Taliban talks over the weekend, on the brink of an apparent deal to end America’s longest war.

Two Taliban car bombs shook Kabul last week, killing several civilians and two members of the NATO mission. Trump has cited the death of a U.S. service member in one of those blasts as the reason why he now calls the U.S.-Taliban talks “dead.”

The 9/11 anniversary is a sensitive day in Afghanistan’s capital and one on which attacks have occurred. A U.S.-led invasion of Afghanistan shortly after the 2001 attack toppled the Taliban, who had harbored Osama bin Laden, the al-Qaida leader and attacks mastermind.

In the nearly 18 years of fighting since then, the number of U.S. troops in Afghanistan soared to 100,000 and dropped dramatically after bin Laden was killed in neighboring Pakistan in 2011.

Now about 14,000 U.S. troops remain and Trump has called it “ridiculous” that they are still in Afghanistan after so long and so many billions of dollars spent.

It is not clear whether the U.S.-Taliban talks will resume.

https://apnews.com/3bdfd6bdd52a4f5f9ec7bfc383ee487c

Harambe:  Defense Post: US and Iraq drops 80,000 pounds of bombs to clear ISIS from Iraqi island

U.S. and Iraqi forces on Tuesday dropped 36,000 kg (80,000 pounds) of ordnance on an island along the Tigris river occupied by Islamic State fighters, the U.S.-led Coalition said.

U.S. Air Force F-15 Strike Eagle and F-35A Lightning II aircraft alongside Iraqi air force aircraft bombed Qanus island in Saladin province overnight in an operation to destroy a major ISIS transit hub from Syria and the Jazeera desert into Mosul, Makhmour and Kirkuk in Iraq, CJTF-OIR said on September 10.

Qanus island is near the U.S. forward operating base in Qayyarah.

The 2nd Iraqi Special Operations Forces Battalion was leading ground operations in the area on Tuesday, the Coalition said.

Despite former Iraqi Prime Minister Haider al-Abadi claiming victory over ISIS in 2017 the group has maintained sleeper cells across the country, primarily near the Syrian borderbut also in Kirkuk province.

The F-35A weapons payload is about 8,100 kg (18,000 lbs) while an F-15 can carry 13,380 kg (29,500 lbs).

https://thedefensepost.com/2019/09/10/us-bombs-iraq-qanus-isis/

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The Next Economic Move Is Being Prepared, Watch Gold - Episode 1966a

X22 Report:  Published on Sep 10, 2019

https://youtu.be/xA58KzP3a1g?t=1

[DS] Moves To Get Ahead Of FISA Story, Big Fail, Messages Sent About A Bad Man - Episode 1966b

X22 Report:  Published on Sep 10, 2019

https://youtu.be/gxllR5dRxts?t=3

TNT, KTFA and Frank26 Saturday Night 907019

TNT:

Re: Article:  Revealing a study to delete zeros from the Iraqi currency .  LINK 

Cutebwoy:  So here we go again from Iraqi ,so all the people who lend them money I guess don’t need it back anytime soon ,wow

SwampyJack:  Of course it is a smoke screen !!!

RVALready:  If you know the history of this, it is easy to see the delay article from Iraq is pure bull. Most of the intel providers are saying soon, and Iraq has been busy for weeks educating the citizens on the RV, new LDs , and coins

DocSavage:  Countries often announce they aren't going to RV a day or two before they RV…. China and Kuwait come to mind.

Natok:  Iraq is done, they are waiting for the go, then everything falls into place at the same time.

Fuze:  No delays this time guys, the cat is already out of the bag...they missed that boat when they totally prepped and educated the citizens...get ready!!!

CharlieOK:  Agreed Fuze. The issue is when does what happens in Iraq equate to the US getting to exchange. It is way too late in the game for new cans to kick.

Debritt:  Thought I heard somewhere that yesterday the Finance Committee and CBI was on Iraq TV

Fuze:  Debritt, not hearsay... They were on Iraqi TV all day explaining the process!

Eccle519:  We always thought the GCR was the ticket but a GCR means revaluing all the currencies and seems that requires a major Global recession...but I'm done guessing lol

Fuze:  Frankly, we were expecting a bigger fake out than a delay article, expecting something like Mahdi's death...something a lot more dramatic...

Fuze:  The real unprecedented manic this time guys is, the CBI has EDUCATED the CITIZENS! Its not a matter of the GOI talking, its way beyond the GOI talking this time..

Robert001:  I am just surprised that anyone really took it serious

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Tishwash:  Samir al-Nusairi: Rational management of the central bank and sound application of monetary policy achieved economic

The Iraqi Council of Representatives and the political and economic circles are preparing to evaluate the implementation of the government of Prime Minister Adel Abdul Mahdi from its government curriculum

In the midst of the ongoing discussions now requires the above to not separate between what has been achieved during the past years and what has been achieved during the year in which the government assumed the responsibility and bright points achieved by some of our economic and financial institutions during the economic and security shocks suffered by Iraq, which the Central Bank of Iraq had a leading and fundamental role In supporting the national economy and achieving economic resilience. 

In order not to overwhelm the rights of those who took direct responsibility to face those circumstances, difficulties and challenges.

The support provided by the Central Bank to the national economy during the economic and security shocks suffered by Iraq due to the economic and financial crisis and the war on terrorism is a bright spot and an honorable success experience in a country under harsh conditions and at a historic stage that is the most difficult in facing the economic and security challenges that no country has experienced. In the world, such as what Iraq went through as the management of the Central Bank of Iraq and his team and cadres proved that they had a prominent role in promoting economic resilience and moving steadily towards economic stability. 

- What are the steps taken by the Central Bank in drawing up its strategy?

Through the wise efforts and prudent measures in the application of monetary policy and development policies of the Central Bank in the difficult economic phase of Iraq were able to draw a strategy for the years (2016-2020) and a clear road map Human capital through important achievements made during the years (2015-2019) and still ongoing most notably: Maintain inflation by not more than 2% and a level of adequacy of foreign reserves within acceptable rates according to the latest criteria Jmiei ( ( IMF )The International Monetary Fund (IMF) increased by more than 160%, which is considered a sufficiently high percentage internationally as the foreign exchange reserves of Iraq amounted to 72 billion dollars until 30/6/2019, and maintain the stability of the exchange rate and stimulate the banking sector regulatory, supervision and control and the establishment of new units within the organizational structures of banks Such as compliance, combating money laundering, financing of terrorism, managing credit and operational risks, issuing money laundering law 39 for the year 2015, developing payment systems, implementing all retail and mobile payments, establishing a national exchange and working on applying international standards in reports

. In line with the principle of transparency and disclosure in addition to the Bank's daily efforts to stimulate financial inclusion operations and focus on the initiative to localize the salaries of employees for the purpose of raising the financial inclusion rate of the population who do not have accounts in the banking system, which actually increased from 11% to 22%.

According to the World Bank Bulletin. The Central Bank also announced recently to begin the completion of its investment banking projects for the years (2019-2023).

- What about the measures taken by the Central Bank for the purpose of restoring public confidence in the banking and financial sector in Iraq. 

For the purpose of restoring confidence in the banking sector, the Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance.

The bank is taking its initiative to finance small and medium projects and is currently taking measures to implement the Council of Ministers Resolution 245 for the year 2019, the second axis of it paragraph (1) concerning facilitating investment and reconstruction operations and presenting a new initiative. Satisfied with investment projects in addition to his supervision and leadership of community initiatives funded by banks such as the Baghdad project and support the Iraqi Drama Fund and the launch of Islamic finance pooled national funding for large projects and the establishment of a fund enable and take regulatory and structural measures and the establishment of a depository center in the Iraqi market for securities The establishment of a national center for credit information. And the Iraqi Payment Council. 

- What are the central tendencies to develop its relationship with Arab and foreign financial institutions that have been cooled by the financial crisis experienced by Iraq?

At the level of international banking relations, the Central Bank was able, with the exceptional efforts of the Governor and his team, to restore relations with Arab and foreign central banks and to deliver the achievements achieved during the past years to the ruling international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq's classification from gray to normal follow-up and finally out The Governor's visit in 2017 to the United Nations Security Council J, presented by the achievements and organizational and structural developments, technical and compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and Iraq's ability to adhere to international credit benefits and praises of the World Bank, the International Monetary Fund and the Financial Action Group have had a clear impact in promoting economic resilience and financial victory

All the successes above make the Central Bank of Iraq and its team deserve the right word neutral service to our national economy and the Iraqi banking sector  link

KTFA:

Don961:  Coming soon.. Iraq to join the Organization of International Securities Commissions (iosco)

Updated 07/09/2019 12:25 PM

BAGHDAD / Jassim Karim al-Taie / .. The Chairman of the Securities Commission on the imminent accession of Iraq to the Organization of International Securities Commissions ( IOSCO ), while confirmed the intention of the Commission to sign memoranda of understanding with the State of Qatar and Saudi Arabia.

Chairman of the Securities Commission Dr. Alaa Abdul-Hussein Al-Saadi said in a statement singled out by (Dinars Economic Agency) during the organization of the second annual workshop to honor the joint-stock companies to submit their final accounts for 2018 and under the slogan (early disclosure encourages investment) that encouraging companies to disclose early Its financial reports lead to the establishment of sound bases in the dissemination of information in a timely manner in order for investors to make their investment decisions based on that information and properly to reach the strengthening of financial markets and raise their efficiency.

Al-Saadi said that the Commission is working to promote a culture of indirect investment in the securities sector, the most important of which is the activation of Iraq's membership in the Federation of Arab Securities Commissions after it was frozen for a number of years as well as the completion of Iraq's regulations to the Organization of International Securities Commissions ( iosco ) as an associate member.

We are currently working to transform this capacity into a major member, in addition to signing memorandums of understanding with the corresponding bodies in the Hashemite Kingdom of Jordan and the Islamic Republic of Iran.

The Chairman of the Council of Advisors to the Council of Ministers, Dr. Abdul Karim Hussein Al-Faisal that the stock market is an important market in the economic sector as an indicator to measure the economic situation of countries as it helps to reverse all changes that indicate prosperity or recession in the economic situation, as it helps to provide values Securities based on the impact of supply and demand, which helps to know the value of investments and the soundness of financial operations and the safety of companies and their ability to apply regulations and rules during dealing with the stock exchange.

He stressed that the stock market has a fundamental role in economic growth through the exchange of securities between different companies, which leads to building capital and contribute to economic development. As well as encouraging savings and investment by providing investment offers to most securities. This contributes to attracting many individuals to save in order to invest in securities offered through companies instead of applying investments in assets that do not bring any financial benefits.

He stressed that the most important advantages of attracting investment are transparency and provide all information about companies listed in the market and ensure that they are constantly updated.

The fact that the stock market is the widest window for indirect investment and whenever the disclosure of the financial situation and performance of listed companies is transparent and up-to-date the more credibility the market gives Investors were able to buy shares without worries. He pointed to the importance of early disclosure and the announcement of the mechanisms set by the Securities Commission for disclosure and what sanctions are supposed to be imposed on companies that refrain from disclosure, as disclosure is a guide to transparency and the decline of corruption.

At the end of the workshop, which was attended by the financial advisor to the Prime Minister Dr. Mazhar Mohammed Saleh and the Governor of the Central Bank, Dr. Ali Al-Allaq, managers and CEO of the Iraqi Stock Exchange Taha Ahmed and a number of heads of shareholding companies, banks and financial specialists were honored joint-stock companies and proactive in submitting their final accounts for 2018, a bank company

 Al-Mansour Investment Company, Trans-Iraq Bank, Elite Contracting Company, Al-Amin Financial Investment Company, Al-Manafea for Financial Transfer Company, Ashur Hotel Company, Al-Khazir Road for Construction Materials Company, Mosul Game City Company, Ba Hotel Company But the company Baghdad Iraq for public transport. / End / 22 /   link

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Frank26:  ANY QUESTIONS ? 

Q&A and Fireflys report

Firefly77:  We received texts yesterday from our banks. Notifying us of a new retirement payment and that it is ready now and will be used on the new electronic card system .  They want those who have not set up their accounts to come in and take care of it

Once all of this is done they will get their payments electronically. Seems this is a final warning for all to get on board now because it is the only way to get paid.

We also see on TV that Bagdad is saying they stand behind the deal with Kurds and promise them they will receive 17% of the new budget…it still needs to be made into law, but they are showing Kurds and GOI smiling and being happy on TV.

F26:  Walkingstick told me they will have Delurue machinces and other machines during our exchange. Whatever machines they use will detect any counterfeiting of any currency .

The Iraqi dinar is a new currency coming out and the new software in these machines recognizes the Iraqi dinar

Looks like everyone is ready

F26: Tomorrow is the first working day for Iraq. They will be telling us all a lot tomorrow imo.

F26: No youtube tomorrow……..I want to rest……so we will see you on Monday unless something big happens tomorrow.

Streamed live 30 minutes ago

https://youtu.be/s3bGfKQSnZU?t=5