Frank26 and KTFA Members "Welcome to the Fourth Week"

KTFA:

Doodlebug:   Nice, thank you Samson. Congratulations, Trade Bank! Congratulations, Iraq!

"This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation."

Samson:  JP Morgan gives the Iraqi trade bank the award of excellence in direct transfers
23rd September, 2019

The Iraqi trade bank has won the award for "Excellence in payments and automatic transfers" from the bank of JP Morgan Chase. The new prize will join a series of achievements of the bank During the year as one of the best banks in Iraq.

Faisal God, President of the Iraqi trade bank and chairman of the board of directors, received the excellence award during a recent ceremony held in Beirut by Ali Musa, head of banking at for central, Eastern and Eastern Europe.

 Middle and Africa. The STP award measures the quality of automatic payments and transfers that are done without any hand intervention, is an indicator of the speed of transactions, and helps to reduce the risk of errors, operating cost and actions..

 The STP prize also measures how fast and accurate Transfers between different international banks, time and risks.

The Award of the STP award depends on the number of electronic transactions performed by the bank, the ratio of international direct electronic transfer, and the measure of whether the actions are in line with the strict criteria of "JP Morgan chase".

The Iraqi trade bank (Bank) was successful by the 2018 JP Morgan assessment to be among limited banks around the world that won the excellence prize in direct transfers by 99.00 % MTI 103.

The Iraqi trade bank is the culmination of its tireless efforts in investment and infrastructure development and in organizing its national network to provide the latest banking systems and services to customers. In addition to the success of the bank by expanding its branches and Atms, improving its banking capacity by extending working hours and providing facilities for night deposits.

On the occasion of the award, Faisal God, chairman of the Iraqi trade bank and chairman of the board of directors, said: "We are very proud to receive this outstanding award. If it shows anything, it shows our constant commitment to focus on customer satisfaction and achieve Highest Global financial standards".

 "This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation."

Ali Musa, head of banking transactions at for central and Eastern Europe, middle east and Africa, commented on the award: "The Iraqi trade bank wins this award in recognition of its consistent and consistent performance. On business implementation and delivery of services, managing money transfers by global standards, the focus on raising performance and transparency has contributed to the growth of the bank at the local and regional levels".

The Iraqi trade bank is constantly serving as one of the pillars of the Iraqi National Economy and is constantly enhancing the Iraqi government's share of its shares by expanding its business locally and internationally. Promoting and securing foreign investment has always been one of the bank's main objectives to promote investment within Iraq and provide its services as a reliable option for investors. In addition to improving the Iraqi economy and contributing to reconstruction.

"This award confirms the clear success achieved through the implementation of our strategy, which aims to set new standards in the Iraqi banking sector through innovation and outstanding performance. I take the opportunity to thank all the employees of the bank for their dedication and dedication that led us to this success and this award".

It is worth mentioning that the bank has received a number of awards this year including " Best Achievements 2019 " from the achievements forum in Milan, the international finance award, the " best local bank in Iraq 2018 " and " the best investment bank in Iraq in 2018 " during the distribution ceremony of the global finance magazine for banks in the middle east and North Africa", in addition to winning the " Best Commercial Bank in Iraq for 2019 " during the global Finance Magazine Awards ceremony in the British Capital London. He deserved the title " Best Banking Bank for individuals " and " best banking banking " From International Finance Magazine.

The Bank continues to play a central and influential role in the recovery and growth of the Iraqi economy through its strategic plan established until 2021, and the Iraqi trade bank continues to achieve more partnerships in the region and the world with all banking and commercial sectors towards prosperity Inside the Iraqi.   LINK

Iobey888:  Congratulations Iraqi Trade bank!!!! IMO..this is powerful and wonderful news for the citizens!!

BearCinnebar:  Good afternoon KTFA family….We noticed an interesting comment last evening from the You Tube live chat about:  QFS Quantum Financial System: 

We as country bumpkins have to ask is this really something that is now in place, or is it a work in progress ...Well here is some interesting coverage from a google search: IMO

https://en.wikipedia.org/wiki/Quantum_finance

http://www.blissfulvisions.com/articles/quantum-financial-system.html

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Don961:  Theft of Iraqi funds: 6 thousand imaginary projects at a cost of $ 178 billion

Previous demonstration in Basra demanding the fight against corruption (Haider Hamdan / AFP)

Baghdad - Salam Jaf and Mohammed Ali

23 September 2019

Corruption continues to  plague Iraq, despite  government measures aimed at besieging it. A recent parliamentary statistics revealed that there are more than 6 thousand imaginary projects since 2003 cost Iraq $ 178 billion.

An Iraqi official in the office of Prime Minister Adel Abdul-Mahdi said that 30 per cent of the projects were sponsored by the Americans.

The government official, who spoke on condition of anonymity because he was not authorized to speak to the media, said that the remaining 70 percent of the mock projects took place during the time of successive Iraqi governments after the departure of the Americans. The second, including residential, tourist and service complexes, which he himself laid the foundation stone for, but ended up unknown and did not see the light, although the amounts were spent from the public budget.

As to whether the current government has the ability to open this file, the official said: "It will be a very serious file, because many political leaders are involved in it, not only include Maliki, but most of the current political leaders in the country."

"The number of fake projects in Iraq since 2003 (after the US-British invasion), up to this year, has exceeded 6,000 projects," said Jassem al-Bukhati, a member of the Iraqi Parliament's Services Committee. It is about 200 trillion Iraqi dinars, or about $ 178 billion, over the past 16 years. 

The MP called, in a parliamentary session, the day before yesterday, to "open the file of those illusory projects that caused a large waste of funds of the state budget," stressing that "the government must hold accountable spoilers and recover the money looted from the state treasury because of those projects that did not have Fact on the ground. " 

Iraq has been plagued by corruption for years and ranks 12th among the world's most corrupt countries, according to Transparency International's latest report.
Riyad al-Tamimi, a member of parliament's economy and investment committee, told Al-Arabi Al-Jadeed that "Resolution 347, which was adopted years ago, allowed companies to annul a contract with the consent of both parties or settle, complete or invest the project they are working on." He pointed out that "this decision is bad and wasted more than 4,000 projects as infrastructure since 2008 and until 2014 and caused the waste of public money."

He pointed out that "the corrupt exploited this decision for their own interests and for the agendas of corruption, and this is proven and personalized and at the level of the Commission of Inquiry on this subject." Al-Tamimi accused "all governors of legal irregularities in the implementation of projects."

MP Alaa al-Rubaie, said that "the Ministry of Education since 2011 demolished 1500 schools across Iraq, on the basis of building new schools replaced," and revealed to the "new Arab", that "until the moment did not establish one school of them, and included in the mock projects, and the ministry did not Accountable to the negligent and corrupt in this project, which is now in the cabinet. "
He pointed out that "Iraq needs more than 10,000 schools, and we are coming to a new school year, but there is a shortage of school buildings reflected negatively on education in Iraq."

Al-Rubaie stressed that "the explosive budgets allocated huge funds for the establishment of large projects, but in fact that nearly 2000 projects did not see the light, has not been built up to this moment, including hospitals, schools, road projects and other projects stalled."

He blames state oversight bodies for failure to deal with corruption and illusory projects. A member of the Parliamentary Integrity Committee, Kazem al-Sayadi, told the "New Arab" that "the regulatory agencies in the country were very bad in monitoring public money and follow-up," and felt that "the number announced for the fake projects may be less than the real number, there is a blackout on the issue of corruption in The state, not to show the theft of the people's money, and the political blocs are involved in corruption. "

As for the most prominent sectors in the phantom projects, the housing sector came first, then agriculture, health and education, as well as infrastructure such as roads, bridges and sewage networks, according to an official at the Financial Supervision Bureau, who spoke to the New Arab. This is an estimated 200 trillion dinars and may be more.

The official, who asked not to be named, asked about Nouri al-Maliki's projects he announced south in his second term, and why he is not being held accountable. 

And where the money spent for her? Stressing that the provinces of Baghdad, Babylon, Karbala and Basra, the most provinces of Iraq that have been carried out by the fake projects in the country.

The Iraqi national income since 2004 is estimated at more than $ 1 trillion, depending on oil revenues exported in the same period, in addition to the governments after the occupation received about $ 200 billion in grants, loans and various assistance, most of which came from the United States and various European countries.

However, the country has so far suffered from a clear collapse in the sectors of health, education and services such as water and electricity, as well as the deterioration of infrastructure, which has not been any modernization or addition, despite the increase of the population in the country to nearly 40 million people, compared to what it was before the occupation by about 29 million people. 

On the effects of worsening corruption and waste of public money, says the Iraqi economist Ali MPs that the government will not succeed in the effort to attract foreign investors, including the Chinese, to its yard, unless you give them confidence that they will not be subject to extortion or problems, the influence of militias reached intervention in the work of companies Corruption is ravaging government institutions, and there is confusion in investment laws.

He pointed out that the reasons for the failure of Prime Minister Haider al-Abadi in his visit to China in 2015 still exist, and did not change in the government of Adel Abdul Mahdi, but may have increased.

This comes in conjunction with Abdul Mahdi's visit to China, which was considered more economic than political and aims to attract Chinese companies to Iraq to enter into many sectors, the most important of which is housing, energy and infrastructure.

"On arrival in Beijing, Abdul Mahdi held talks with Chinese officials focused on the government's vision of the relationship of cooperation and partnership between the two countries, and the renaissance achieved by Beijing to benefit from its successful experience," a statement from the Prime Minister's Office said.    link

Frank26:  WELCOME TO THE FOURTH WEEK

September 23, 2019

THE FOLLOWING VIDEO IS STRICTLY IN FRANK'S OPINION

https://youtu.be/V2e-sBiUvak?t=2

https://www.youtube.com/watch?v=V2e-sBiUvak

Frank26 and KTFA Members Late Sat.PM/ Early Sun.AM

KTFA:  

Samson:  Saleh sends a message to the nations of the world: Enough wars us

9/21/2019 22:56 

The President of the Republic sent a message of peace in the name of Iraq to the nations of the world.

"On World Peace Day, Iraq carries the message of peace to the nations of the world," Saleh said in a tweet on Twitter.

"Where Iraq aspires to security, peace and freedom, it will end killing, abuse and corruption. We hope that the language of peace will prevail in our region and the world." "We have enough wars, let us go to reconstruction and serve the people," Saleh concluded.  LINK

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Frank26:  YOU CAN WIRE OUT OF YOUR COUNTRY CITIZEN

Streamed live 9 hours ago

https://youtu.be/inDX27vOHkc?t=4

Samson: Economist: This is what Abdul Mahdi will do in China

9/21/2019 21:01 

The economic expert counted Prime Minister Adel Abdul Mahdi's visit to China "protocol", while revealing the real purpose of this visit. "Since 2003 until now, all the investment conference and the latest conference in Kuwait have not yielded anything because of the internal situation," said Majid al-Suri. Indicating that "Abdul-Mahdi's visit to China aims to see the developments of this country to improve the infrastructure of Iraq, most notably the dilemma of electricity."

He added that "the main goal of Abdul-Mahdi's visit is Sami to link with China," noting that "the problem is not the desire or agreements, but are we able to secure the development process and provide a favorable atmosphere for investment in Iraq?". He continued, "Iraq will not sign in this visit contracts or agreements, but will sign memoranda of understanding only during the next two days," wondering "how many memorandums of understanding signed and did not apply due to political and economic circumstances because of the absence of Iraq's economic identity?". "The visit is usually for the general development of China, and has brought with it economic figures, including agriculture, industry, finance and others, as well as from the private sector," he said.

On Wednesday evening, Prime Minister Adel Abdul-Mahdi headed a large delegation of the People's Republic of China for a several-day official visit. Prime Minister Adel Abdul-Mahdi arrived Thursday in the city of Hefei in the People's Republic of China at the head of a large delegation to participate in the work of the World Conference on Industrialization.   LINK

Samson:  Chinese bank funds strategic projects in Iraq

2019/22/09 11:24

Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein discussed with the Chairman of the Board of Directors of the Bank (CITIC) Chinese steps to finance strategic projects in Iraq.

A statement issued by the ministry received a copy of the agency (Euphrates News) that Hussein "met with the Chairman of Sitec Bank (Junk your time) accompanied by the Ministers of Transport and Electricity and the Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Governors of Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar."

The statement added that "during the meeting reviewed the measures that will be taken by the two sides to complete the banking preparation for the second step after opening accounts in order to start financing projects, which will focus on infrastructure projects and strategic projects and internal and external railway networks."

The Iraqi delegation in China is conducting a series of meetings and technical meetings in order to promote economic relations between the two countries.   LINK

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Samson:  Adviser to Prime Minister: Business volume with China will exceed 500 billion dollars
22nd September, 2019

The economic adviser to Prime Minister Adel Abdul Mahdi, on Sunday, that the volume of business between Iraq and China will exceed 500 billion dollars in the next 10 years.

Said Abdul Hussein Hinan in an interview with Alsumaria's News, he said that "the volume of business between Iraq and China target over the next ten years would exceed $ 500 billion, starting from now and from this visit."

It began on Thursday since last September the current 19, an official visit conducted by Prime Minister Adel Abdul - Mahdi to China, accompanied by a delegation comprising ministers, governors and advisers, with a view to holding agreements and understandings between Baghdad and Beijing in several areas, including education, transport, industry and agriculture.    LINK

 Samson:  The Association of Private Banks Organizes a Course "Liquidity Tools in Islamic Banks"
22nd September, 2019

The Association of Iraqi private banks, in cooperation with the Joint Efforts Group and the Central Bank of Iraq, on Sunday, a course «liquidity tools in Islamic banks in accordance with the standards of IFSB

The course, which will last for five days, was attended by 20 trainees representing a number of government and private banks

The course targeted the employees of the Risk Management Department, the Treasury Department, and the Accounting Department    LINK

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Samson: The House of Representatives and the Parliamentary Finance ... the decision is yours

22nd September, 2019 by Samir Al-Nasiri

In accordance with the amendment of Article 58 of the 2019 Budget Law by setting the date of 10/24/2019 as the last date for the selection of the occupants of special grades and the confirmation of those who are acting or replacing them with others

I believe that the application of this article in a transparent and professional manner and without prior political and personal intentions and in the service of Iraq means that the competent authorities in the government and in the House of Representatives to adopt important and basic criteria starting first and foremost from an evaluation and analytical view of the results of the official in the office during his responsibility and the post Which he and his team were able to achieve national achievements and have a direct impact on the achievement of the central objectives of the previous and current government within the axes of government programs approved by the House of Representatives

In order for our conversation to be clear and specific must be evaluated the results of the work of three main bodies had a prominent role in the economic field and the fight against corruption are the Central Bank of Iraq and the Office of Financial Supervision and Integrity

What concerns us here is the role played by the Central Bank of Iraq and its achievements and luminous points during the lean years (2015-2019) in which Iraq suffered from economic shocks and security and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to achieve economic resilience A decisive victory over terrorism because military victory cannot be achieved without steadfastness and economic support

Therefore, through the review, analysis and evaluation of the neutrality and transparency of the Iraqi economic situation and in particular what has been achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts, evidence, signals and achievements confirm that the Central Bank of Iraq proved to be the first economic institution through the important achievements in supporting the economy And to achieve economic steadfastness and strive to achieve economic stability in accordance with the objectives of the main strategy and subsidiary and this is what he has already achieved

. In fact, it contributed to the achievement of the victory on terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq and the province a key and leading role in achieving it

The economic victory achieved the most prominent results and most important support the state treasury and stabilize the exchange rate and the recovery of the Iraqi dinar and reduce inflation and maintain the proportion of less than (2%) and maintain a cash reserve of up to $ 74 billion is enough by more than 170% as a cumulative accumulation according to the latest standard of the IMF International with gold reserves within an excellent record rate at the global and Arab level according to the World Gold Council

In addition to its adoption of standards and controls consistent with the requirements of international standards in compliance and combating money laundering and financing of terrorism and liquidation of up to 700 international observations registered on the Iraqi banking system and our exit from the monitoring and follow-up area in accordance with the Financial Working Group and strict commitment to achieve the basic objectives and activate and establish new visions of monetary policy

 Policies to restore confidence in the banking transactions of Iraqi banks with Arab and foreign banks, and strive to build a solid banking sector and continue to make extraordinary efforts to improve the banking reputation of financial institutions and organizations The Mechanism and correspondent banks and building strong relationships with the central Arab and foreign banks and international financial organizations and the Security Council's call for the central bank governor in a rare accident to view the achievements in the field of combating money laundering and the financing of terrorism as well as the procedural and organizational, structural and developmental internal policies which aim to achieve a fee

It was all these achievements that called on Arab bankers to elect the governor of the Central Bank as deputy governor of the Arab Monetary Fund at its current session and the chairman of their board in the next session, a living embodiment that Iraq's economy is rising and recovering from its crises and that this is a tribute to the Iraqi people and its economic, financial and banking institutions

The question now is whether Article 58 will be applied in the 2019 budget according to transparency and respect for the principle of public service in the service of society?

 The answer is yes, we hope that, although we have great hope in the members of the Council of Representatives of the Iraqi people, especially the parliamentary finance committee, it is the competent authority, which we trust very much. Certainly in the service of the Iraqi economy   LINK

News, Rumors and Humor Friday Night 9-20-19

KTFA:

Article referenced in Franks video tonight.

Samson:  Trump imposes sanctions on Iran's central bank and reveals another package

9/20/2019 17:39

US President Donald Trump on Friday announced sanctions against Iran's central bank.

Trump said last Wednesday that a new package of sanctions on Iran would be announced, describing the new sanctions against Iran as "influential", adding that his view of this country has not changed.

The US president said that there is no war with Iran as "there are many options for action."

"Our decision not to strike Iran before is proof of our strength," he said, stressing that the United States is now "in a very strong position."   LINK

MiliiaMan:  I hope everyone realizes just what this means. Trump has neutered the Iranian National Bank. How? Well, Iran is one of Iraq's largest trading partners and has massive amounts of Dinar. They clearly will have a hard time making any money off the re in statement of Iraq IQD with sanctions on!! The timing of this is massive imo.. Trump just made a steer out of Iran... lol imo ~ MM

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Frank26: REAL BANKING

Streamed live 103 minutes ago

F26:  President Trump does not want to give Iran any advantage of the reinstatement of Iraq’s currency.

About minute 32:00

F26:  The reinstatement of the Iraqi dinar is going International……it’s already there.

I wonder…..If they were about to tell the citizens- when would they pull the trigger?  Today is a Friday….no it’s a Holy Day.   What about Saturday?   It’s the busiest day in Iraq…..maybe not a Saturday.

Sunday? It’s the first day of the week for them.  Everyone goes back to work on Sunday.   Didn’t you like Tues and Thursdays Frank?    The point is nobody knows.   I asked Walkingstick …just playing around….if Sunday was the best day and he said to me …..”anyday…..they know when they are going to do this….so let them do it”

https://youtu.be/_3heMXAL4-M?t=3

 Humor While we wait -From Mark’s Chat Stream:

Sabickford:  I don't approve of political jokes...I've seen too many of them get elected

I feel like I’m diagonally parked in a parallel universe

20 years ago we had Bob Hope, Johnny Cash and Steve Jobs. Now we have No Hope, No Cash, and No Jobs. Please Lord don't let Kevin Bacon Die.

Those who get too big for their britches will be exposed in the end

Be who you are and say what you feel because those who mind don't matter and those that matter don't mind," Dr Seuss

Instead of offering my body to science, I'll donate it to whoever has the best practical joke involving a dead body.

Wrinkled Was Not One of the Things I Wanted to Be When I Grew Up

I really think it's time to take warning labels off everything and let stupidity work itself out of the gene pool

My Wife has a strange way of starting conversations. She always begins with "Hey have you been listening?"

Stress: when you wake up screaming & you realize you haven't fallen asleep yet

Vegetarian: Indian word for Lousy Hunter.

Warning - I was left on the Tilt-A-Whirl a bit too long as a baby.

WARNING: Consumption of alcohol may cause you to hay shings like thish.

Todays To-Do List - Wake Up - Find Coffee - Pretend to be Human

Did you know that is you light a candle under the moonlight and say 3 times the name of the person you love, You will look really stupid doing that?

I'm going to put a "Out Of Order" sticker on my forehead and call it a day.

Raise your hand if you also need a little pause from life and its stress. A Little Wine, $6 Million Dollars, A flat Stomach and your own Island.

I'm not self-medicating with Chocolate. The Lady at the shop wrote me a prescription… Well, she called it a receipt. Whatever.

Be careful when you follow the "Masses". Sometimes the "M" is silent.

The fact that there is a "Highway to Hell" and a "Stairway to Heaven", says a lot about Anticipated Traffic numbers.

Always Love a Woman for her Personality. They have like 10, so you can choose.

I would like to apologies to anyone I have not yet offended. Please be patient, I will get to you soon!

My bank has a new service where they text you your balance. It's cool, I just don't think they should add "LOL" at the end.

I always learn from the mistakes of others who took my advice.

A pat on the back is only a few centimeters from a kick in the butt..

Life was simpler when we could play a game of Red Rover and just clothesline the people we didn't like.

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The Establishment Admits They Lost The Economic Narrative - Episode 1975a

X22 Report:   Published on Sep 20, 2019

https://youtu.be/VRoLX5DJYks?t=1

Setup Complete, Ukrainian Scandal Revealed, [DS] Whistleblower Agenda Fail - Episode 1975b

X22 Report:   Published on Sep 20, 2019

https://youtu.be/-gcCAiIEnIs?t=3

TNT, Frank26, X22 and More Thursday Night 9-19-19

TNT:

Thursday UPDATE for September 19, 2019

Everything remains the same today, exchangers are excited, "on location" and stand "at the ready" ........just a-waitin' for this release.

Extremely late hours are being experienced by some banking staff.....do they think this is real? (LOL)

Be prepared to negotiate any rates given from the screens, banks are going to be competitive for your business.

CHAT has been having "technical issues" today, even though several hundred of us still have access.

It appears that rates have adjusted "sharply upwards" due to the current economic situations.......exchange, but don't spend 2 much 2 fast. (wink)

NEWS FLASH - Just received a report that bank screens have completely cleared........uh oh, what next?  LOL

"It's Done, It's Finished, we're just waiting for the CALL that says it all!

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Courtesy of Dinar Guru

Jeff:   ...they've purposely delayed the formation of the government because it's literally the linchpin.  It's the last thing we're going to see right before the rate change...the reason why the rate change will not occur this week is...Iraq has to achieve stability before the powers-that-be will allow Iraq to change the rate. 

This week they're having massive meetings between Kurdistan and Baghdad.  They have to reach agreements on every level to achieve stability...

I personally feel Mahdi has to be in country when the rate changes...this is a once-in-a-lifetime historic event. 

When it happens logic tells me Mahdi would want to be inside the country when the rate does change...he wants to be part of this historic event...

Mahdi is gonna be in china on Thursday to Sunday...I still have the remainder of September on my radar.  I still have my eyes on next week...

KTFA:

Dinardiva1:  SO QUIET YOU CAN HERE A PIN DROP!!

Titus2Mom4:  Maybe the quiet before the storm!

Gfulcher66:  looking fwd to another great youtube drop

4cash:  Hope Frank can share information on you tube tonight from WalkingSticks call last night. Keep praying for Frank and all the team.

Frank26:  YES .......................... WE WILL. 

Hengist:  and FF77? 

Frank26:  I READ HIS REPORT THIS MORNING ................... I LOVED IT (Big Smile)IT'S A POSSIBILITY THAT U WILL TOO .................LOL …….WS REPORT IS .................. TOUGHER. 

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Frank26:  IT DEPENDS ON PRESIDENT TRUMP

September 19-2019

https://www.youtube.com/watch?v=UsmpN69YoD8

Samson:   Al-Nassiri: Financial inclusion is the cornerstone of real banking
19th September, 2019

On Thursday, Global Smart Card Company held an awareness workshop on financial inclusion and the role of banking finance, especially for small and medium enterprises, and the role played by the Central Bank in the development of plans and policies and preparation for the launch of the national strategy for financial inclusion as well as the role of electronic payment companies and service providers in contributing to financial inclusion

The workshop was moderated by the Economic and Banking Advisor of the Association of Iraqi Private Banks, Samir Al-Nusairi, with the participation of the Commissioner for Banking Guarantees, Rula Faleh Ali Al-Saleh

Speaking during the workshop, Nasiri talked about the concept of financial inclusion and the challenges that affected the low rate of financial inclusion in Iraq and highlighted the features of the Central Bank strategy for the years (2016-2020) and highlighted the contents and features of its five main objectives and sub-goals, which focused on the development of banking and stabilize the monetary system and rise Increase financial inclusion and promote microfinance

For her part, Al-Saleh highlighted the importance of financing SMEs and the development of this activity from 2006 to the present. She pointed to the Central Bank's initiative to finance projects and the reasons for not activating them as targeted

Then there were interventions and discussions involving the staff of Rafidain Bank and the Global Smart Card Company   LINK

Patriots Prepare To Shock The Economic System - Episode 1974a

X22 Report:  Published on Sep 19, 2019

https://youtu.be/usF-YaaJ4lo?t=1

Setup Needed Before Declass, Tarmac Back In The News, Prisons Prepped - Episode 1974b

X22 Report:  Published on Sep 19, 2019

https://youtu.be/t9n8EI-LWgE?t=1

Taboola ad for the very bottom only

Frank26 "Beyond International Standards" and more Wednesday Night 9-18-19

KTFA:

Don961:  Including the budget and Article 140 of the Constitution .. Four files discussed by the President of the Republic in Erbil

Wednesday 18 September 2019 - 17:10

(BAGHDAD , September 18, 2019) - The media office of the President of the Kurdistan Region, Nechirvan Barzani, revealed on Wednesday (18 September 2019) the details of the meeting he had with Iraqi President Barham Saleh, stressing that four files were discussed during the meeting.

The office said in a statement received (Baghdad today), "The President of the Kurdistan region of Nechirvan Barzani and Iraqi President Barham Saleh, discussed four important issues during a meeting between them in the capital of the Kurdistan region of Erbil."

Barzani and Saleh, according to the statement, "to strengthen the relations of Erbil - Baghdad and continue dialogue to resolve problems on the basis of the Constitution."

The Office noted that this "came in the meeting, which took place on Tuesday evening, with the participation of the Presidency of the Parliament of Kurdistan and the two Vice-Presidents of the Kurdistan region, and the Prime Minister and Minister of Finance of Iraq, and a number of officials of the Kurdistan Regional Government."

He pointed out that the meeting "during which they discussed the Iraqi federal budget for 2020 and article 140 constitutional, the drafting of laws, and the threats and dangers of terrorism and extremism."

He added: "It was stressed on the unity of the Kurdish parties in Iraq and Iraqi forces and joint work between them and unify the word on the fateful issues, and the progress of relations Erbil - Baghdad."

link

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Frank26:  BEYOND INTERNATIONAL STANDARDS

September 18, 2019

https://youtu.be/IFe12quCAMQ?t=6

Don961:  Participants: Iraq's resources qualify it to be a great economic power

Tuesday 17 September 2019

Baghdad / Farah al - Khuffaf

 BAGHDAD - The Iraq Energy Forum ended in Baghdad on Tuesday after witnessing four days of contracts and agreements in the field of energy. During the development of the labor market and attract discreet investment.

The interlocutors in the sessions of the forum that Iraq has many resources that qualify it to be a great power in the global economy, provided that they invest properly.

A quantum leap in the energy sector

The Minister of Electricity Louay Khatib in the closing session attended by "morning", "work to develop and support the electricity sector, to provide services to all Iraqis, and ensure security for future generations."

"The world of energy looks with admiration for the huge shift in the energy sector in Iraq," said Fatih Birol, executive director of the International Energy Agency (IEA), in a speech on his behalf.

On the issue of unemployment, Saffar pointed out that "the problem can be solved by the private sector. Instead of consuming the budget in paying salaries to employees, there should be productive jobs to absorb future population growth."

The World Bank's regional director, Kumar Sarj Jha, pointed out that "the rehabilitation of the infrastructure of the electricity sector in Iraq was hampered by the occupation of the Islamic State terrorist organization of a number of provinces, and because of the low oil prices."

He added that "Iraq needs to benefit from sustainable energy and solar energy that it has, and the World Bank provides support for investment, and to develop the electricity sector."

Empowering women scientifically and practically

Women have had a share in the Iraq Energy Forum dialogues, in order to enable them scientifically and practically, and to take advantage of their potential at the family and community levels, to contribute in the field of entrepreneurship and investment.

"Supporting women and empowering them to enter the business world will contribute to raising people's income and developing society and the economy," said UNDP Sustainable Development Goals Specialist Sondos Abbas.

The EU envoy to Iraq, Ghada Hamid, and Abbas believe that providing support for women and providing quality education for girls contribute to the development of societies and improve the economy, through the creation of projects dedicated to them and support them in the education sector.

Canadian Ambassador to Iraq Paul Gibard said that "when women are engaged in peace building, this peace will last longer, because women are an important pillar of ensuring stability, as well as the potential benefit of society and the family to enormously engage women in work.

"The empowerment of women is an important factor for progress and development," said Jean-Noel Palliou, director of the French Institute in Iraq and cultural adviser to the French embassy, ​​urging them to "empower them in the labor market, develop their competence and provide them with adequate training."

Community Communications Commission Initiatives

As for communications, Ali Nasser Al Khuwaildi, Chairman of the Executive Authority of the Media and Communications Authority, said that "the development of telecommunications projects contributes to the development of investment projects and increase production, and this reflects positively on the public budget."

Al-Khuwailidi pointed to the DOM initiative launched by the Media and Communications Authority, which presented a number of important projects, including the empowerment of women, protecting children from the Internet, launching projects to connect telecommunications to remote places, opening a training and scientific research center, and a project to train early students.

Mohab Al Gargash, Head of the Governance and Reconciliation Department at UNDP, said: "Working in Karbala to launch smart services and implement smart governance for citizens. After the success of the initiative there, we will copy the project and apply it in other provinces." In cooperation with the Iraqi government, it is to provide services to citizens without paying additional costs by them to obtain them, which leads to reduce corruption, and reduce the time required to obtain the service. 

Stimulate investment to eliminate unemployment

"The number of unemployed in the Arab region is very high, especially among women, because of the lack of growth of the economy. When the economy is stagnant, new jobs are not created," said Rory Robertsho, a specialist in teaching methods at UNESCO.

"The development of skills and the creation of an environment for innovation play a role in stimulating investment in education, health and various sectors.

The Dutch ambassador to Iraq, Eric Stratenk, said that "there is no stability and prosperity without the guarantee of human rights. "Agriculture and water, as well as its great opportunity to lead, the exploitation of these resources will make it prosper."

Eric Magnus, a director at the World Bank, said Iraq needs entrepreneurship and innovation to find solutions to population growth and to focus on the consumer and its needs.   link

Don961:  Names .. Prime Minister with a large army to China!

Politics  ,   2019/09/18 12:11  

Baghdad - Iraq today:

Iraq will be without at least half its government, starting today and next Tuesday, the Prime Minister and a package of advisors and most conservatives, and senior officials, will be on a trip to China, the first of its kind, size and weight, so that the Governor of Basra Asaad al-Aydani boycotted his campaign Fierce ”against the transgressors, to join the delegation“ demonstration ”.

56 high-profile travelers!

A document leaked to the media, verified by NAS, confirms that the government delegation is composed of 31 people, but within hours later, a new list emerged which turned out to be the first list, bringing the total number of the delegation to 55 passengers as well as the Prime Minister, between A government minister, an adviser, a senior official, and a number of governors, as well as media cadres, photographers and protocol officials, in a situation that raised eyebrows and questioned the followers, about the actual need for such a "giant" delegation on an official visit.

A crisis of confidence or desire to participate?

The list included Oil Minister Thamer Ghadhban, Deputy Prime Minister Fuad Hussein, Defense Minister Najah al-Shammari, Interior Minister Yassin al-Yassiri, Electricity Minister Louay al-Khatib, Minister of Immigration Benqin Rikani, Transport Minister Abdullah Allaibi, Industry Minister Saleh al-Jubouri, and Communications Minister Naim al-Rubaie. 16 governors, three advisers to the Prime Minister, a number of officials in various ministries, and escorts from the secretariat, photographers and media, but many dialogues started hours ago over the leaks of the delegation, where the size of the delegation was considered an indication of the lack of confidence among the Iraqi institutions, was enough - according - The provinces should be represented by a representative of the Higher Commission for the Coordination of Governorates.

But another view, attributed the size of the delegation, to the desire of the Prime Minister - who suffers from enormous political pressures - to strengthen his relations with state officials, and pushed them to participate in the talks, or at least closely see them, in the hope of making the "expected accomplishment" of the visit, a joint achievement In ripening everyone.

Government pilgrimage to China!

Nonetheless, the document met with widespread ridicule on social networking sites, activists and bloggers, who in turn questioned the feasibility of having a representation of each province, sector and ministry personally, with the possibility of a fewer delegation representing all sectors of Iraq.

The strategic expert Hisham al-Hashemi said that "the Iraqi governments lost billions and investment opportunities enough to repeat the experience of China's great success in Iraq many times," mocking the size of the delegation by the phrase "the pilgrimage of the government to China!".

Others saw the visit as part of the idea that Iraqi officials would like to visit and travel abroad.

Is the Governor of Muthanna and Diwaniyah delayed the booking ?!

"Politicians want a lot of travel, especially if it is at the government's expense," said activist Bakr Abboudi, who asked about leaving two governors without taking them to Beijing.

Everyone attended and missed the wise!

On the other hand, the absence of Foreign Minister Mohammed al-Hakim, who is supposed to be present at such a visit, to coordinate with the relevant departments in China and the Ministry of Foreign Affairs, on the signing of agreements, especially since these departments have been in constant contact with a team of the ministry To prepare agreements in coordination with the concerned governorates and officials.   link

Frank26 and KTFA Members "Visual Aids" and more Tuesday Night 9-17-19

KTFA: 

Clare: FRANK & ANGEL-1 IN CHAT TODAY! FRANK HAS ALLOWED IT TO BE POSTED ON THE FORUM....

F26:  KONA ...... I TOLD YOU SO !!!!!!

GO LOOK ON THREAD…POST #187 ( see below) …SEE U TONIGHT…..SMILE…FRANK26

A1:  I JUST FINISHED CHATTING WITH FRANK. I LOVE LOVE WHAT HAS TRANSPIRED IN THE LAST 24.

DARE I USE THE WORD EXPEDITE?..... CALCULATED…..AG-1

TONIGHT IS IMPORTANT. THE REPORT FRANK HAS IS KEY. YOU WILL SOON UNDERSTAND WHY THEY USE STRONG WORDS LIKE AGREED, EXPEDITE, IMPLEMENTATION, SUPPORT REFORMS, TECHNICAL ASSISTANCE. IF THAT DONT MAKE YOU SMILE YOUR BLANKET IS WET.…..AG-1...

F26:  WELL DONE AG1….KONA…. DONE…… CU ON UR UBETUBE…. SSSSSSDMMMMMMIIIIIILLLLLLLEEEEE……

The realization of reality is real…
The Toledo city consul is awarding my father with a presentation today I am with him right now and I will eventually do the YouTube…..FRANK26

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Post 187:  Clare:   FROM FRANK....... "I TOLD YOU SO"

MilitiaMan:  The blast heard around the World today, IRAQ-a-Toa! lol ~ MM

Iobey777:  THIS IS HUGE NEWS!!!IMO!! CAN WE REPEAT..**EXPEDITE**?!!!!!! BOOOM!!!!

Frank26: VISUAL AIDS

Sept. 17, 2019

Tonight we are talking about “International”

https://youtu.be/_2b2nMSmI2Q?t=9

Don961:  Al-Sabah: The Central Bank reserves exceed international standards

Monday, September 16, 2019

iro / Israa Khalifa 

The Governor of the Central Bank of Iraq on the relationship that the amount of the budget deficit for the year 2020 is not proven so far as indicated by the Ministry of Finance, and what is being circulated is just hypothetical figures and not yet settled, indicating that the upper limit of the deficit must be consistent with the Financial Management Law The central bank's reserves of foreign currency are comfortable and well above international standards.

Al-Allaq said in special statements to Al-Sabah on the sidelines of his participation in the 43rd session of the Board of Governors of Central Banks and Arab Monetary Institutions held on Sunday in Cairo: “Our foreign currency reserves are comfortable and good and within international standards; The law is not to cover the deficit but is a cover for the local currency, and the strength of the exchange rate and the strength of the Iraqi dinar depends on this cover, so the process of linking the reserve and deficit coverage is not correct, and the Central Bank law does not allow the reserve to be used to lend directly or non-government Direct but it is to maintain the value of the dinar against the dollar.

exchange rate

And the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger, and our economy is subject to fluctuations in oil prices, which is a resource The basis for the country, which is also the basis for the foreign currency, so careful management of reserves in order to achieve stability is important, where there can be a balance between the supply and demand of foreign currency, and when supply disrupts affect the exchange rate, and the reserve we have so far is able to The application covers And therefore keeps the price under control. ”

Sagging jobs

Regarding slackness in government jobs, Al-Allaq said: “The government apparatus has reached more than saturation, and it does not add economic value; rather, in its expenses it represents a great challenge to the public budget and reduces the resources that can go to employ others and achieve more job opportunities through real projects. The basic solution to the issue of unemployment is the employment of the real sectors, namely, industrial, agricultural, tourism, etc., which is the basis in moving economic rings, so there must be a focus on moving these economic sectors by changing the economic model that exists in Iraq today, the model now is that It comes from oil, and it pumps the bulk of it in the form of salaries. These salaries turn into demand for imported goods and commodities.

The Governor of the Central Bank, that "can not be laid off people, but the money taken as salaries can be invested inside Iraq through the expansion of the real sector and this will occupy other people, and that depends on coordination in trade, investment, tax and customs policies to harmonize with each other to move the situation internally".

Economic challenges

As for the Cairo meeting, Al-Allaq said: “These meetings are regular and periodic, and since Iraq is a member of the Arab Monetary Fund, it is attending these meetings, where the meetings of the Council are a review of all developments that take place in the financial, monetary and economic matters in the Arab world, especially in the circumstances facing Major challenges in the economic aspects Increasing challenges and risks related to these aspects, which we provide insights and perceptions and how our countries can face these challenges, and analyze their effects and impact on our economies. 

He added, “We will also discuss at the meeting the functions of central banks in terms of technologies and their effects, which are fast and successive, especially with regard to the subject of currency and its use, which has evolved towards digital and virtual, and in this context also talk about the objectives that are evolving functions of central banks quickly to achieve financial stability in Under the circumstances, and to achieve prudential control for central banks towards banking institutions and financial institutions, "he said:" Another goal that we have given priority in this meeting; we organized a special workshop on the expansion of financial inclusion, i.e. L Banking services to as many different citizens and segments as possible and achieve a lot of services quickly. ”

Relationship with Egypt

On the relationship between the Central Bank of Iraq and his Egyptian counterpart, Al-Allaq stressed that it is “very good and continuous, and we have many areas of cooperation, and we consider the Central Bank of Egypt very close ally, we have communication and consultation and the degree of high relationship and we need them in building our capabilities and in training and consultation.”

Regarding the reopening of Rafidain Bank in Egypt, Al-Allaq said: “It is an important issue and we have been following it for a long time. The Central Bank of Egypt knows the importance of Rafidain Bank.

link

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Samson:  Trump: We have reached a preliminary agreement with Japan on trade

17th September, 2019

US President Donald Trump said that the United States reached preliminary agreements with Japan on tariffs and trade barriers to digital, which will not require congressional approval

Trump, in a White House letter to Congress on Monday, said he planned to conclude agreements in the coming weeks, telling lawmakers that the tariff agreement would be implemented in accordance with the provisions of a trade law that allows the president to make reciprocal tariff cuts under a declaration

The letter noted that Trump plans to conclude an executive agreement related to digital trade with Japan

The White House speech also confirmed that the United States will continue to conduct further trade negotiations with Japan

Trump said: "My administration looks forward to continued cooperation with Congress for further negotiations with Japan to achieve a comprehensive trade agreement that will result in more mutual and fair trade conditions between Tokyo and Washington

On the sidelines of the Group of 20 (G20) summit last month, President Trump and Shinzo Abe said they hoped to sign the deal this month at the UN General Assembly   LINK

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

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

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

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

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

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

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

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

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

 *****************

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

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

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

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

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.

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

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

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

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..

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

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