Frank25 Video "The Exchange Secret" and more Monday PM 4-20-2020

KTFA:

DocMagee94:  https://www.breitbart.com/economy/2020/04/20/oil-price-crash/  

MarkPam:  One cannot look at the oil decline as an Iraqi play exclusively.

This is a world-wide impact to many markets "especially" those with oil as a major part of their GDP. Think oil, gold, and other commodities impact and how they will play a part in the currency markets themselves. Think of the impact on the............petro-dollar??? Boom!

CBI still engaged and Rain you are correct, the calculations have been done and should see soon.

This is global...like the IQD....like COVID....will impact everybody.

Game On...but not for long!! Remember, if the IDQ comes out with a low number and "coincidently" the price of oil is low too??? Timing!!

Can you beat the clock??? LOL Exciting times we are seeing for sure.

Tick Tock!! All IMO

Don061:  An analytical vision ... the collapse of oil markets in the North American continent

Monday 20 April 2020 Dr. Appearance of Mohamed Saleh

In recent years, the US market has played a dual role as an oligopoly sellers and monosopeny buyers market at the same time, especially during the past ten years gradually, as the United States consumes about 19 million barrels of oil per day and represents 19% of the world's production alone and is the largest oil consumer in the world . 

It is one of the largest producers of oil in the world, with a production capacity of about 13 million barrels, whether from shale or conventional oil. After the US oil production of 13 million barrels per day, as we mentioned, contributed to the shift to a net buyers market in parallel with the rebel sellers market, which is the Kingdom of Saudi Arabia, in flooding the market with approximately 12 million barrels per day, the entire oil world entered into a fatal price war and then turned the oil market to Depression until breaking point.

It is two chances of victory, the first is that the low demand for world oil, which is 30% less than the current supply, and the second is an additional surplus of 300 million barrels capacity in the futures market, as this market formed the symbolic or forward oil camp that led the night’s collapse through a coup

The oil futures market, as all speculators turned once to the short position, i.e. sell immediately for futures contracts with the hope of cheaper purchase of the contracts themselves, but at a low point below the lowest break-even point in the world that did not lead to the collapse of the entire oil market, so the final buyer of the surplus is Su United States, which captured the future oil contracts collapsed and Ttviha and turn them into an immediate market.

In conclusion, it is the opportunity of the last winner who reaped the losses of the entire world, for the winner is the speculators who have stocks of crude oil in the United States of America and according to a strategy the oil market will remain a buyers market forever.   LINK

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Frank26:  "4-20-20....THE EXCHANGE SECRET"

Streamed live 59 minutes ago

This video is in Franks Opinion

Monday Night CC. 7PM EST 605.313.5164 PIN: 156996#

PLAYBACK : 605.313.5163 PIN: 156996#

TONIGHT’S LIVESTREAM LINK https://livestream.com/accounts/785449

https://youtu.be/FJKw7FXI_Do?t=2

Frank26 Q&A and KTFA Members Saturday Evening 44-18-2020

KTFA:

Don961:  The Governor of the Central Bank stresses the need to maintain the continuity of the banking system

Baghdad / Al-Ghad Press

Finance Minister Fouad Hussein, with the Central Bank Governor Ali Al-Alaq and bank managers, urged the latest OPEC agreement and the request of foreign loans

A statement of the media office of the Minister of Finance, received by "Tomorrow Press", stated that "Deputy Prime Minister and Minister of Finance Fuad Hussein presided over an expanded meeting in the presence of the Governor of the Central Bank, the Under Secretary of the Ministry of Finance, general managers of Rafidain and Rashid and Iraqi banks for trade, customs and tax authorities, and the Public Debt Department to discuss the economic and financial situation for the sake of Securing government needs"

He added, "The minister reviewed the recent OPEC agreement and the decision to reduce the global oil market shares and reduce approximately one million barrels per day from the share of Iraq and the implications of that decision, especially with the collapse of current oil prices and how to overcome these obstacles and cross the current stage"

For his part, Al-Alaq stressed, according to the statement, "the necessity of preserving the continuity of the banking system and balances," stressing "the importance of analyzing data to obtain information about those balances, whether it is self-financing or central"

The statement pointed out that "the banks, during the meeting, reviewed their assets and capabilities in order to contribute to strengthening the current economic and financial reality"

The statement continued, "Also, options for entering the IMF program and asking for external loans were also touched as one of the options that the current government can take to cross the stage." Whose goods are dedicated to the government"  LINK

Frank26:  4-18-20 ...Q&A

This video is in Frank’s opinion

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

EverydayJoe:  For a Little History

Tonight, 245 years ago, was Paul Revere's famous ride to warn of the British coming. So, tomorrow, 245 years ago was the date, "the shot was fired that was heard around the world", the start of the revolutionary war.

 Paul Revere’s Ride

Henry Wadsworth Longfellow - 1807-1882

Listen, my children, and you shall hear
Of the midnight ride of Paul Revere,
On the eighteenth of April, in Seventy-Five:
Hardly a man is now alive
Who remembers that famous day and year.
He said to his friend, “If the British march
By land or sea from the town to-night,
Hang a lantern aloft in the belfry-arch
Of the North-Church-tower, as a signal-light,—
One if by land, and two if by sea;
And I on the opposite shore will be,
Ready to ride and spread the alarm
Through every Middlesex village and farm,
For the country-folk to be up and to arm.”

Then he said “Good night!” and with muffled oar
Silently rowed to the Charlestown shore,
Just as the moon rose over the bay,
Where swinging wide at her moorings lay
The Somerset, British man-of-war:
A phantom ship, with each mast and spar
Across the moon, like a prison-bar,
And a huge black hulk, that was magnified
By its own reflection in the tide.

Meanwhile, his friend, through alley and street
Wanders and watches with eager ears,
Till in the silence around him he hears
The muster of men at the barrack door,
The sound of arms, and the tramp of feet,
And the measured tread of the grenadiers
Marching down to their boats on the shore.

Then he climbed to the tower of the church,
Up the wooden stairs, with stealthy tread,
To the belfry-chamber overhead,
And startled the pigeons from their perch
On the sombre rafters, that round him made
Masses and moving shapes of shade,—
By the trembling ladder, steep and tall,
To the highest window in the wall,
Where he paused to listen and look down
A moment on the roofs of the town,
And the moonlight flowing over all.

Beneath, in the churchyard, lay the dead,
In their night-encampment on the hill,
Wrapped in silence so deep and still
That he could hear, like a sentinel’s tread,
The watchful night-wind, as it went
Creeping along from tent to tent,
And seeming to whisper, “All is well!”
A moment only he feels the spell
Of the place and the hour, and the secret dread
Of the lonely belfry and the dead;
For suddenly all his thoughts are bent
On a shadowy something far away,
Where the river widens to meet the bay,—
A line of black, that bends and floats
On the rising tide, like a bridge of boats.

Meanwhile, impatient to mount and ride,
Booted and spurred, with a heavy stride,
On the opposite shore walked Paul Revere.
Now he patted his horse’s side,
Now gazed on the landscape far and near,
Then impetuous stamped the earth,
And turned and tightened his saddle-girth;
But mostly he watched with eager search
The belfry-tower of the old North Church,
As it rose above the graves on the hill,
Lonely and spectral and sombre and still.
And lo! as he looks, on the belfry’s height,
A glimmer, and then a gleam of light!
He springs to the saddle, the bridle he turns,
But lingers and gazes, till full on his sight
A second lamp in the belfry burns!

A hurry of hoofs in a village-street,
A shape in the moonlight, a bulk in the dark,
And beneath from the pebbles, in passing, a spark
Struck out by a steed that flies fearless and fleet:
That was all! And yet, through the gloom and the light,
The fate of a nation was riding that night;
And the spark struck out by that steed, in his flight,
Kindled the land into flame with its heat.

He has left the village and mounted the steep,
And beneath him, tranquil and broad and deep,
Is the Mystic, meeting the ocean tides;
And under the alders, that skirt its edge,
Now soft on the sand, now loud on the ledge,
Is heard the tramp of his steed as he rides.

It was twelve by the village clock
When he crossed the bridge into Medford town.
He heard the crowing of the cock,
And the barking of the farmer’s dog,
And felt the damp of the river-fog,
That rises when the sun goes down.

It was one by the village clock,
When he galloped into Lexington.
He saw the gilded weathercock
Swim in the moonlight as he passed,
And the meeting-house windows, blank and bare,
Gaze at him with a spectral glare,
As if they already stood aghast
At the bloody work they would look upon.

It was two by the village clock,
When be came to the bridge in Concord town.
He heard the bleating of the flock,
And the twitter of birds among the trees,
And felt the breath of the morning breeze
Blowing over the meadows brown.
And one was safe and asleep in his bed
Who at the bridge would be first to fall,
Who that day would be lying dead,
Pierced by a British musket-ball.

You know the rest. In the books you have read,
How the British Regulars fired and fled,—
How the farmers gave them ball for ball,
From behind each fence and farmyard-wall,
Chasing the red-coats down the lane,
Then crossing the fields to emerge again
Under the trees at the turn of the road,
And only pausing to fire and load.

So through the night rode Paul Revere;
And so through the night went his cry of alarm
To every Middlesex village and farm,—
A cry of defiance, and not of fear,
A voice in the darkness, a knock at the door,
And a word that shall echo forevermore!
For, borne on the night-wind of the Past,
Through all our history, to the last,
In the hour of darkness and peril and need,
The people will waken and listen to hear
The hurrying hoof-beats of that steed,
And the midnight message of Paul Revere.

Frank26 Video , CC Replay and more Monday Night 4-13-2020

KTFA:

7-FA:  U.S. Embassy Baghdad

2 hrs · 

U.S. State Department - Washington
Office of the speaker
April 13, 2020
Press Release From Secretary of state mike boom

Political situation in Iraq

The United States is looking forward to the formation of a new Iraqi government capable of facing the corona, overcoming the current economic crisis of the country and holding arms in the hands of the state. The main mission of the new government must be to place the Iraqi interests first and meet the needs of the Iraqi people and welcome the unanimity of Shia and Sunni political leaders and to respond to the formation of the government.

The Iraqi people call for real reform and credible leaders. These demands deserve to be met without violence or oppression. We stand with the Iraqi people to achieve this effort and look towards a sovereign, prosperous Iraq free of corruption and terror.

 See original ·   Rate this translation

Frank26:  4-13-20 HIT THE ROAD AUCTIONS AND DON’T YA COME BACK NO MORE NO MORE

This video is in Frank’s opinion.

https://www.youtube.com/watch?v=J1kGGHBUVf8

Monday Night KTFA CC 4-13-2020

PLAYBACK : 605.313.5163 PIN: 156996#

https://fccdl.in/QcanNgPz5r

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

Samson:  The currency market in Sulaymaniyah closed, a day after it was reopened

13th April, 2020
The health and security authorities closed, on Monday, the currency market in the city of Sulaymaniyah in the Kurdistan Region again, one day after it was reopened.

“The authorities decided yesterday to open the currency market in the city of Sulaimaniya, according to the controls from ten in the morning until 3 pm,” said the spokesman for the currency market in Sulaimaniyah, Jabbar Goran, explaining that “the market witnessed momentum and high turnout by the owners of the shops to exchange the currency.” Iraqi dollars.

"This crowding and gathering forced the medical and security teams to close the market again for fear of the Corona virus," Goran added.

On Sunday, the authorities in Sulaimaniyah decided to reopen the currency market, in order to go along with commercial matters and merchants only, and to transfer money for the purpose of purchasing commercial and food items only.  LINK

DELTA: THANK YOU BROTHER DON FOR THE HARD WORK...THIS  ARTICLE IS FULL OF STARS.......WORD BY WORD WHAT WE SAID ON PREVIOUS CC ...SECRET EXCHANGE RATE ...

Don961:  The Iraqi dinar is falling apart: Corruption and Corona are jumping in dollars

3 Hours Ago

The turmoil in the Iraqi dinar exchange rate against the dollar recently led to negative effects, which directly affected the business sector and commodities in the markets, which led to the loss of confidence of dealers and investors in the monetary authority.

The decline of the dinar came after the Central Bank of Iraq stopped its activities related to pumping liquidity in foreign exchange to meet the needs of banks and their customers, as it was pumping an average of 140 million dollars or more per day to maintain the value of the currency and support its stability, and stopping the pumping of liquidity led to a jump in the exchange rate of one dollar from 1200 to 1280 Iraqi dinars, amid warnings of the continuation of this rise due to the curfew imposed by the authorities as part of the procedures to face the outbreak of the Corona epidemic.

In the midst of the financial crisis experienced by the world in general and Iraq in particular in light of the collapse of oil prices and the large deficit in the budget for 2020, the government faces great economic challenges, most notably the difficulty that the central bank can maintain the value of the dinar against the dollar because of the corrupt control of the auction of selling currency, according to What officials and economists see.

In an interview with "The New Arab," an official in the caretaker government said that "the central bank cannot maintain the value of the Iraqi dinar against the dollar by continuing to pump the hard currency to the market, because of the lack of public revenues due to weak demand for oil and the decline in its price." That "the central bank will have to legalize the sale of the currency for a certain period until oil prices rise again."

And Iraq, the second largest producer of crude oil in the Organization of Petroleum Exporting Countries (OPEC), with an average daily production of 4.5 million barrels per day.

The official, who preferred to remain anonymous, added that "continuing to hold auctions to sell currency and pump tens of millions of dollars per day to preserve the value of the dinar leads to great risks for the country's economy, and it is better for the central bank to cancel the currency auction and install its local currency, since most of the beneficiaries are Of these auctions are not businessmen and merchants, but banks, banks and private sector companies dominating the market, a large part of which has been transferred out of Iraq.

He pointed out that the central bank has succeeded in recent years in achieving the stability of the dinar exchange rate and improving it in relation to the dollar and other currencies by stabilizing the price of the local currency and defending it, but the current collapse in oil prices, and consequently, the country's financial returns are completely different from the crises of past years.

According to the official, "There are daily discussions to reach a road map that enables the country to maintain an acceptable exchange secret of the dinar against the dollar."

The central bank sells between 140 and 160 million dollars to public and private companies and banks, as part of a plan adopted since 2004 to control the exchange rate of the dinar and prevent its collapse in the market. The central bank only allows companies and limited banks to enter the auction and buy dollars, amounting to less than 50 banks and financial companies that are licensed by the central bank, all of which are private or private.

For his part, Professor of International Economic Relations at the Iraqi University, Abdul Rahman Al-Mashhadani, said in an interview with "The New Arab" that "canceling the currency auction is very difficult, because the goal of the currency window is to finance imports in the private sector."

According to Al-Mashhadani, 90% of the country's consumer needs are secured by import by the private sector, which means that canceling the currency auction will lead to a major disruption in the prices of imported goods.

Al-Mashhadani stressed that "the currency auction is a drain on foreign exchange due to its association with prominent political figures," pointing out that 15% of Central Bank sales through the auction go as money laundering in various ways and methods and are transferred outside of Iraq.

He pointed out that the best way for the central bank to follow is to legalize the sale of hard currency as much as possible to maintain the value of the dinar and foreign exchange reserves.

For its part, Ayat Muzaffar, a member of the Iraqi parliament from the "victory" coalition led by former Prime Minister Haider al-Abadi, attributed the causes of the economic collapse and the value of the dinar against the dollar to the wrong financial policies pursued by the Adel Abdul-Mahdi government.

Muzaffar said, in an interview with the "New Arab", that "bad management and fiscal policy floundering the head of the caretaker government, Adel Abdul Mahdi, and its indiscriminate spending on the state budget, is one of the main reasons that led to the economic collapse of Iraq, and to an unprecedented financial deficit is expected to It is, if oil prices continue to decline, about 80 trillion dinars.

She explained a member of the Iraqi parliament that the central bank spent a large part of the cash reserve for the purpose of stabilizing the dinar price against the dollar, which led to the depletion of the cash reserve, and then the central bank will lose over time its ability to maintain the par value of the dinar.

She added that "the confusion in the government's performance seemed clear when the head of the crisis cell spoke about the possibility of Iraq resorting to printing the currency", noting that the printing of the currency is based on three reasons, either that there is a frayed currency to print as a substitute for it, or because of an economic recovery that is printed An easy amount until there are surplus sums that increase the demand for goods and services so that the producers increase the production.

As for the other reason, according to Muzaffar, the printed currency must be equal to the national product, while stressing the need to preserve the monetary reserve of the central bank through its reliance on a flexible policy that takes into account the emerging political and economic conditions of the country.

And at the end of last March, the rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said that "the central bank reserves reached 87 billion dollars, and it does not include cash and foreign currency only, but it includes gold bars."

Ammar Hamid  New Arab  link

Iobey777:  WOW! DELTA!! YES.. I'M EXCITED ABOUT THE "SECRET EXCHANGE RATE" I WILL BE GLAD WHEN IT IS NOT A SECRET ANY LONGER!!

Frank26 Q&A and KTFA News Saturday Night 4-11-2020

KTFA:

Samson:  Canada: The G20 agreed on the necessity of stabilizing oil prices

08:37 - 11/04/2020

Canadian Minister of Natural Resources Seamus Origan announced that the G20 countries, including Russia and Saudi Arabia, have agreed on the necessity of stable oil prices.

In the wake of the ministerial meeting of the twenty countries to discuss measures to achieve stability in the oil market, the minister revealed that the parties concerned agreed to form a working group to follow up on collective efforts to deal with oil issues.

He said that the "twenty" countries "have not yet reached what we want," noting that there is still a lot of work before the countries, but they made a "great step forward" during today's meeting.

He added that no "numbers" were discussed with regard to reducing oil production, and he declined to talk about whether countries planned to take any additional steps to reduce production at a later time.

This comes a day after OPEC + countries reached understandings to reduce oil production by 10 million barrels from May 1 and for a period of two months.    LINK

Samson:  The Washington Post: America has done the Patriot in Iraq

11:04 - 11/04/2020

The Washington Post, on Saturday, revealed that the United States has done the Patriot defensive systems in Iraq.

The newspaper said, "Patriot defensive systems have been activated in Iraq to protect US forces with the bases that have been attacked."

While officials confirmed in an interview with the Associated Press, that the Patriot missile systems and two other short-range missile systems were deployed at Ein al-Assad base, which was hit by a missile strike last January, as well as at the military base in Arbil.

The officials, who asked not to be named, revealed that "the United States has been working to transport missiles to Iraq in recent months to provide protection for the forces present at its bases there."   LINK

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Samson:  Mr. Sistani sets the rule for fasting Ramadan in light of the spread of Corona

11:12 - 11/04/2020

The religious authority, Sayyid Ali Sistani, answered, on Saturday, a referendum on fasting the month of Ramadan this year after the spread of the Corona virus in the world.

The following is the text of the referendum and the answer:

Office of His Eminence, the supreme religious authority, Mr. Ali Al-Sistani, as long as his peace, mercy and blessings be upon you

Because the lack of water in the body reduces its immunity, and the dryness of the throat, if the virus has reached it, gives him the opportunity to move to the respiratory system, while drinking water helps to bring it down to the stomach and eliminate it in it. Is the fasting of the month of Ramadan for Muslims in this year falling for this reason?

In the name of God, the Most Gracious, the Most Merciful. As for what was mentioned that doctors recommend drinking water in close periods to avoid the lack of water in the body and the dryness of the throat - because they raise the possibility of infection with the Corona virus - it does not prevent the necessity of fasting except for those who have reached it, so he is afraid of catching the disease if he fasts He found no way to reduce the likelihood that fear would not be true to him - even if he stayed at home and taken all other precautionary means - and others must fast.

The obligation to fast the month of Ramadan is an individual assignment. Every person who fulfills the conditions of obligation is obliged to fast, regardless of whether or not it is obligatory for others.

If the coming month of Ramadan comes to a Muslim and he fears that he will develop corona, if he fasts, and if he takes all precautionary measures, his obligation is waived for each day, and he fears that if he fasts he will get sick. And if it can weaken the degree of probability of injury so that it becomes what is not considered by the wise people - even by staying at home and not mixing with others closely, using the muzzle, medical paws, and the constant sterilization care, and so on - and he did not have an extreme embarrassment that he usually did not bear, and it was not obligatory. Fasting.

Note that it is possible to avoid a lack of water in the body in the event of fasting by eating vegetables and fruits rich in water such as cucumbers and watermelons before dawn, as well as drying the throat by chewing sugar-free chewing gum - provided that its parts in the mouth are not crumbling and descending into the hollow - then chewing gum leads To increase the secretion of saliva in the mouth and do not mind swallowing in case of fasting.

Thus, it appears that those who can leave work during the month of Ramadan and stay at home so that they are safe from the disease do not lose their obligation to fast, and for those who cannot afford to leave their jobs - for any reason - if they are afraid of contracting the virus while leaving drinking water at close intervals during the day and they cannot To take another measure that they would be safe from, and they did not have to fast, even if it was not permissible for them to profess to break the fast in public. 

It is well known that fasting the month of Ramadan is one of the most important legal duties, and it is not permissible to leave it except for a real excuse, and every person knows about his condition that he has a real excuse to leave fasting or not.   LINK

Don961:  Corona positives .. Is the world turning towards digital payments?

 April 11, 2020 4:30 PM

Direct - Ahmed Shawky :

While the Chinese authorities have disposed of banknotes that are potentially loaded with Corona virus, Western countries are still not only late in their response to the epidemic, but also in adopting digital payments

One of the positive aspects of the crisis in the spread of the Coruna virus is that this may soon change and Western countries depend on digital payments, according to an analysis of three economists at Harvard University and Deutsche Bank via Project Syndicate

Given that manual exchange of the physical currency can transmit the Corona virus, countries around the world are forced to reconsider the use of cash

Indeed, Covid 19 may turn into the catalyst that makes digital payment the trend, and it is not surprising that the digital payments industry is already focusing on the opportunities created by the crisis

For its part, the Chinese government has started to cleanse and even destroy banknotes to reduce the spread of the virus, at least in the short term

For example, the South Qianya Morning Post reported that a local branch of the People's Bank of China in Guangdong Province is disposing of funds that may have been traded through high-risk locations such as hospitals and food markets

Also, fearing importing currencies that might be loaded with the virus from Asia, the Federal Reserve began quarantining and clearing the dollar

These measures may be justified, keeping in mind that the currency in circulation can be vulnerable to disease transmission

Studies have found that the influenza virus, for example, can survive and contagious on banknotes for 17 days, so it would not be unreasonable to assume that the circulating currency played a role in the spread of corona as well

In any case, many countries will consider the option of purifying, isolating and reprinting the currency, and regardless of what they decide, one of the results seems already certain: the virus will accelerate the ongoing shift between the younger population towards digital payments, especially in Asia, specifically in China

This trend is really strong as, as of the end of 2018, around 73 percent of Internet users in China used online payment services, compared to 18 percent in 2008

Young people tend to be more open to adopting new technologies, and China and Southeast Asian countries have a much smaller population than Europe and the United States

Moreover, the Chinese government is actively promoting its online banking infrastructure, while western countries rarely use a top-down approach to governance, lagging behind Asian economies in adopting digital payments

There are internal and structural reasons for the slow rate of adoption by Western countries of digital payments. For example, there are no major technical or financial companies operating in this sector in Europe

As such, European consumers and companies must rely on the services provided by large American companies (Apple Pay, Google Pay, and Paypal) etc

But given fears about ceding vital sectors in the digital economy to US tech giants, the European Union has taken a slower and more cautious approach, favoring those less turbulent changes to European financial transactions infrastructure

Cultural customs have also slowed the pace of change in the West. Americans and Western European citizens in particular rely on cash much more than households in Asia

According to a recent Deutsche Bank survey, a third of respondents to advanced economies consider that cash is their preferred method of payment, and more than half believe that cash will always exist, so it may take some time for these culturally entrenched habits to change without risking negative reactions

 However, the widespread spread of the Corona virus may push the world towards a turning point in how it handles payments

It is too early to predict changes that may occur, but they are likely to emerge as solutions to specific challenges in different national contexts, payment infrastructures, and demographic groups

Digital currency versions, such as the electronic krona that Sweden recently announced, are promising examples of what could be planned for the future

In addition to the influence of Covid19 and the increasing acceptance of non-cash payments in stores, there are other reasons why people want to switch to digital payments. A Deutsche Bank survey found that ease plays an important role in a person’s choice of digital transmission. Digital portfolios are free and readily available

The use of digital technology can also help track spending and manage budgets, and in terms of security, the transition without cash reduces the chances of being stolen physically

Certainly, the current crisis has not yet pushed many countries other than China to purify, isolate and reprint their currencies, but Corona could turn into a one-time-one pandemic that requires different solutions as well

So the current period is a clear opportunity to start accelerating the inevitable shift towards digital payments  link

Clare:  Coronavirus Can't Hold These WWII Vets Down

Once a fighter, always a fighter.

That couldn't be more true for two Oregon veterans who collectively survived World War II, the Great Depression, the Spanish Flu epidemic … and now COVID-19.

The virus has inundated U.S. hospitals and health care facilities over the past month. As of April 7, more than 374,000 cases have been diagnosed in the U.S., culminating in more than 12,000 deaths reported. And experts say it may still get worse before it gets better.

But just looking to 95-year-old Bill Kelly and 104-year-old William Lapschies can give us all hope. These World War II veterans got the virus and have since recovered – a huge feat because the elderly with underlying health conditions have been a hard-hit age group.

We wanted to know more about their service and recoveries, so we linked up with their families to get the details.

Click the link for the whole article..

https://www.defense.gov/Explore/Features/Story/Article/2142048/coronavirus-cant-hold-these-wwii-vets-down/source/GovDelivery/

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Frank26:  4-11-2020. Q & A

This video is in Franks opinions

https://www.youtube.com/watch?v=modcZ7LAKCk

Frank26 Video Tuesday Night "Super Supervising" 4-7-2020

KTFA:

Frank26:  4-7-20 SUPER SUPERVISING

THIS IS ALL IN FRANK'S OPINION

Donald Trump is now actively involved in the reinstatement or monetary reform of the Iraqi dinar

Recorded message from Delta

Articles that Frank is talking about on your tube tonight.

Walkingstick and Delta’s Posts LINK  

https://www.youtube.com/watch?v=w6yQT3ZAl9s

KTFA Members "Currency Manipulation Law -Boom" and more...4-7-2020

KTFA:

Walkingstick:  Washington intends to monitor the Central Bank of Iraq for this reason

2020-04-07

The Lebanese MTV channel revealed, today, Tuesday, the US administration's intention to place the Central Bank of Iraq under supervision for its involvement in withdrawing the dollar illegally, she said.

The channel said that its sources in the American administration told it that Washington was preparing for the possibility of putting the Iraqi Central Bank under surveillance because of its "involvement in illegally withdrawing the dollar and smuggling it to Iran and its arms in the region."  LINK

Clare:  IMO, REMEMBER FRANK SAID LAST NIGHT "GIVE IT A MINUTE " ....ABOUT THE CURRENCY MANIPULATION LAW GOING INTO EFFECT 4/6 ....AND BOOM!......

WALKINGSTICK, POST #177....JUST NOW

Washington intends to monitor the Central Bank of Iraq for this reason 2020-04-07

FRANK TOLD US TRUMP WAS ANGRY WITH IRAQ SAT. NIGHT.....WOW!

Patrik73:  smuggling, not manipulation  

Clare: YES, THE ARTICLE TALKS ABOUT SMUGGLING..  THAT IS TRUE...I AM ONLY POINTING OUT WHAT IS STARTING TO TAKE PLACE SINCE APRIL 6TH, AS IT SURFACES ..& CONNECTING IT WITH WHAT FRANK AND WALKINGSTICK HAVE ALREADY TOLD US... …TRUMP WILL TAKE WHATEVER MEASURES NECESSARY NOW...IMO

Currency Manipulation and Countervailing Duties
https://fas.org/sgp/crs/misc/IN11138.pdf

Currency Manipulation

For more than a decade, some policymakers and analysts have expressed concerns that U.S. exports and
jobs have been harmed by unfair exchange rate policies of other countries (“currency manipulation”).

They argue that other countries have purposefully weakened their currency relative to the dollar to boostexports, at the expense of U.S. firms and workers.

However, there are a number of factors that drive exchange rates, and it is difficult to estimate the extent to which a currency is undervalued, and why it is undervalued.

On April 6, 2020, the rule is to go into effect ...

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

Godlover:  I am guessing this current threat, until they implement the supervision is why we see the CBI changes? Also, I again can only guess this supervision will continue long after the MR (monetary reform)

Walkingstick:  Yes, in part ... supervision, by the U.S.... a part of their new mechanism...  Oversight,  by... the U.S. is and will remain in place.....  Regards.....

Frank26:  KTFA KONA ........... TODAY WORD FOR WORD ................ WS AND I .................... FREAKEN TOLD YOU SO !!! !!! !!!

Monday Night CC Replay

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/9eSqZQJtU3

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DELTA:  The response of the Central Bank ... is procedural related to its law and not to economic logic ... Abdel-Hussein Al-Anbuge

2020-04-07

Books: Prof. Abdul Hussein Al-Anbaki

In fact, I was not going to respond to the central bank, but to clarify the picture in front of the non-specialist reader. As for the specialist, he knows what I meant in my article on inflationary financing,

It is true that I have not worked in the central bank, but I have been a professor of macroeconomics and monetary theory for years, unless the central bank works according to unscientific contexts that are not consistent with what we have studied. Moreover, over the past 15 years I have evaluated and put an opinion on all Central Bank reports that come To the Prime Minister by virtue of my consultative work, just as my article does not care about procedural and administrative matters or how to organize the public (assets and liabilities) and accounting restrictions for the central bank, but rather I talk about monetary policies and focus on the impact of monetary issuance on the overall economy in a recession situation which is the goal of the paper, perhaps Or e explained that the following things:

First: It is not my responsibility if Brother Hussein, an expert at the Central Bank, does not differentiate between issuing a new currency and issuing a new cash, so we are close to economists, and we have the picture as I mentioned in my article.

Second: It is certain that the new and old currency issuance, but that any dinar that is outside the central bank is on the side of the liabilities and the right of the bearer over who issued it, and I do not know why he supplies this axiom, but he issues the money against deposits with the central bank, this is the natural mechanism for controlling the offer Cash is not what is intended in our article, because what is meant in the article is a monetary issuance (exceeding) the requirements for regular money supply, and therefore it is tied to the requirements of monetary policy to influence the overall economy due to a recession crisis so the central bank makes the cash flow greater than the commodity flow, which is greater than Volume of transactions in Lq thereby contributing to inflationary financing of monetary policy with its policy in ridding the financial economy from recession, creating any inflationary pressures by increasing money supply

Third: If the new currency issuance will create inflationary pressures to get the economy out of recession, then how does it say that this measure is not a tool of monetary policy, are not monetary policy tools used for the purposes of restoring economic stability due to its imbalance in crises?

Fourth: If the central bank lends to the government any purchase of its bonds, then it pays a dinar to the government for the value of the loan, and this means that the dead dinar in the central will be revived, which means that the money supply increased, and this means that the cover inevitably expanded and the cover did not shrink, but the effect of the two measures on the economy is the same.

Fifth: It is unfortunate that an economist said that the central bank deducted government bonds in favor of government banks, which in turn discounted them for the benefit of contractors in the previous crisis 2014 according to his law and I do not care about his law. I am talking about the result and impact, and I do not know what the difference is in what I mentioned because the result is an offer Cash is the same. Money is with the public and banks are part of the money supply in its broad sense. As long as bonds are discounted to banks or deducted directly to contractors, the same will lead to the effect of inflationary financing inevitably.

Sixth: The rescue packages that countries made, I also mentioned that it is through the general budgets of these countries, but how the deficit was financed inevitably through the compatibility of an expansionary fiscal policy with an expansionary monetary policy where the central banks sought to issue a cash, so America is now printing $ 3 trillion, and I do not understand why It is presented at the same point in other vocabulary.

Seventh: I would like to refer to my recent book on the exaggerated exchange rate in it ... suppression of the local product and support for the importer, which is entirely dependent on the Central Bank data as these data show that the difference between the value of private sector imports that the central bank claims is that the currency sale window was found for it and what He sold him one dollar in that window for the period from 2010-2017, that is, in 8 years, up to 202 billion dollars, which is money in foreign exchange that bled without a commodity import.

Eighth: I would also like to point out that raising the value of the dinar in an imaginary way has created a big difference between its real value and its subsidized value. This difference is a net addition that supports imported goods in a way that exceeds all margins of customs protection to protect the local product in Iraq, which made the central bank with this monetary policy destroying the base Productivity in favor of imports behind millions of unemployed, and Mr. Hussein continues to object to the Central Bank’s call to adopt a strict monetary policy.

https://yesiraq.com/ 

Clare:  WOW!! THANKS DELTA!! HERE COMES THE "MORE" WALKINGSTICK & FRANK TOLD US ABOUT!!! AWESOME!!

YoungSC:  And the rise of the exchange rate agaisnt the dollar is supposed to stop this week.

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Samson:  Pompeo: America is ready to work with any prime minister who serves the interests of the Iraqi people

04/7/2020 2020 17:51:16

 US Secretary of State Mike Pompeo confirmed today, Tuesday, that his country is ready to work with any prime minister that serves the interests of the Iraqi people.
 "The United States is seeking to continue our good relationship with Iraq and we proposed a strategic dialogue last June," he told a news conference.

And that "all strategic issues will be discussed in dialogue with the Iraqi government, including the future of the American military presence."

He continued: "The Corona virus should not limit our ability to fight against the Islamic State in Iraq."

LINK

Samson:  By name .. Al-Zarfi keeps 4 ministers from the Abdul Mahdi government

7th April, 2020

Political sources said, on Tuesday, that the Prime Minister-designate, Adnan Al-Zarfi, has re-nominated 4 ministers in the government of resigned Prime Minister Adel Abdul-Mahdi to the portfolios.

The sources said in an interview with "Mawazine News" that "Al-Zrafi decided to keep the Interior Minister Yassin Al-Yasiri." She added, "He also decided to keep the three Kurdish ministers, who are the Minister of Finance Fuad Hussein, the Minister of Construction and Housing, two bankers, and the Minister of Justice Farooq Amin Shwani."

The Prime Minister-designate, Adnan Al-Zorfi, requested the Presidency of the House of Representatives to fix a session to grant confidence to his cabinet. LINK

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Don961:  The Minister of Finance discusses the collapsed Iraqi financial situation with the Bank and the International Monetary Fund

Last updated: April 6, 2020 - 1:41 PM

 Baghdad / Iraq News Network -

The Minister of Finance, Fuad Hussein, met Monday (06 April 2020) with the ambassadors of the United States of America and Britain, and officials from the Bank and the International Monetary Fund via closed circuit.

Hussein said in a tweet via the Twitter platform: “I participated in a meeting via closed-circuit television, to discuss the economic and financial situation and the implications of falling oil prices on the Iraqi economy, and to study some proposals to overcome the crisis. ”

He added:“ We also discussed the meeting in which the ambassadors of the United States, Britain, and the World Bank representative participated, and The International Monetary Fund, in addition to the Under-Secretary of Health, is a crisis

Corona epidemic and the steps taken to support the health sector in Iraq, to ​​contain this dangerous epidemic. ”

The United States of America had announced, on Sunday (05 April 2020), its willingness to assist Iraq in confronting the new corona virus, during a meeting with the American ambassador Matthew Tooler with the President of the Council The Iraqi Supreme Judiciary.   LINK

Frank26 Video "Told You So" and KTFA News 4-6-2020

KTFA:

DELTA:  The crisis and central procedures

Over the past six years, the Central Bank has registered great achievements for Arab organizations and institutions 

And internationalism, despite the importance of all the accomplishments that have been achieved, we can mention in this article the most prominent of them. 

It has made it in the field of combating money laundering and terrorist financing, and leading monetary policy in light of the crisis in which oil prices have decreased in previous years and its initiative to support development, 

By launching the Five Trillion Initiative for government banks, in addition to one trillion for private banks to support and encourage industrial, agricultural and small housing projects 

Both large and large, and worked to maximize the bank's reserves 

Iraq from gold and hard currency.

 The race has always been to launch reassurance messages to the market and the country in general, to overcome and extrapolate crises before they occur, and we have the statement made by the Governor of the Central Bank in 2016 regarding insurance of employee salaries when oil prices drop 

What we heard recently and on the same topic this year, is evidence of the great care and wise vision that it follows to maintain the country's financial stability. 

And economically.

Today, we are looking forward to the actions that the bank will take 

The Iraqi Central and tools, which it will use in order to maintain the stability of the financial and economic situation in Iraq, and we are in light of a global crisis represented by a microscopic organism stopping the activities and areas of different life in all parts of the world and expectations of an acute crisis that will afflict the economies of many countries, we monitor and follow the steps and proactive measures , Taken by the central banks of the neighboring countries and the central banks in many countries of the world.

The country, before the crisis of the Corona virus, faces a severe political and social crisis since October of 2019, which was represented by the massive demonstrations that rocked the country 

And the repercussions, which accompanied it on the financial and economic fields and affected business in general and the banking sector 

Especially when it ends after this virus has reached the country and disrupts various life activities, which will 

The result leads to additional pressure on the banks 

In general, and private banks in particular 

This requires the intervention of the Central Bank of Iraq with proactive, rapid measures that stabilize the market and exchange rates.

http://alsabaah.iq/ 

MilitiaMan:  The data above and from earlier post today. ~ MM

In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks,This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public.

MilitiaMan:  This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards.. Wow, things are moving along now very nicely!!! imo ~ MM 

Walkingstick:  It did .... more, from this meeting.. and others, coming.....Regards..... ~ WS

MilitiaMan:  Note the proactive tools they will use.. Oh ya! imo ~ MM

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

Frank26:  4-6-20 TOLD YOU SO

This video is in Franks Opinions

https://www.youtube.com/watch?v=jL-03xxuGY8

Dan:  get some perspective

GLOBAL DEATHS  Jan 1st - March 30th, 2020

35,016          Coronavirus
75,645          Mothers During Childbirth
118,980        Seasonal Flu
240,056        Malaria
262,441        Suicides
330,367        Traffic Accidents
411,415        HIV/AIDS
612,105        Alcohol
1,223,439     Smoking
2,009,990     Cancer
3,177,081     Communicable Disease
10,402,251   Abortions

ChrisC:  The reaction to this doesn't make sense unless it has another purpose, IMO. 

Saturday Night Frank26 Q&A and KTFA Members News 4-4-2020

KTFA:

Don961:  The Finance Committee comments on the central bank’s decision to stop the flow of the dollar

Politics 04/2020 17:34 3323    Baghdad today _ Baghdad 

The Finance Committee commented, on Friday, on the Central Bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government.

The committee’s rapporteur, Ahmed Al-Saffar, said in an interview with (Baghdad Today) that “reading the intention of the central bank to stop the flow of the dollar and floating the dinar to fill part of the state’s budget deficit is impossible, but it may be in harmony with the current situation to compensate for the shortfall in oil revenues” .

Al-Saffar added, "At the same time, the central bank may also be unintentional because of the curfew and the suspension of most life activities."

And the rapporteur of the Finance Committee in Parliament, Ahmed Al-Saffar, spoke last Sunday about the authority of the Central Bank to issue a set of decisions on withdrawing the commission of the US dollar.

Ahmed Al-Saffar said, in an interview with (Baghdad Today), that "the decisions issued by the Central Bank regarding the commission of withdrawing the US dollar are considered within its powers and it is who determines the interest rate, whether by depositing or withdrawing."

Al-Saffar added, "Iraq’s revenues from selling oil go to the Ministry of Finance account at the US Federal Reserve, which the central bank has a branch in," explaining that "the process is that the revenues are transferred to the central bank account and the bank transfers it to the Iraqi dinar to the Ministry of Finance to pay salaries." employees".

He continued, "The process of withdrawing the dollar and depositing it relates to the policy of the central bank, which is monetary policy. The central bank has the right to raise or reduce interest rates, and this is one of the methods of monetary policy that you use."

On Sunday (March 29, 2020), the Central Bank of Iraq issued a set of decisions regarding the US dollar withdrawal commission.

And included a document issued by the bank and received (Baghdad today): "The commission for withdrawing cash for the US dollar, which comes from the incoming transfers to the bank to our accounts in the American Federal Bank, as well as the transfers received to banks from other banks by a rate of seven thousand."

The bank added: "The amounts of the above remittances are transferred to banks by (75%) in cash in dollars according to the above commission, and (25%) pay Iraqi dinars at the official bank rate (1182) dinars to the dollar."

He continued: "The banks must spend the (25%) above on their remittances customers at a price of (1200) dinars / dollars, and submit their requests at the end of each month to the accounting department at the central bank for the purpose of addressing the two price differences in our accounts in Iraqi dinars."

And he continued: "Banks can spend the full amount of the transfer received in the Iraqi dinar if the customer desires to do so.

He stressed, "The above mechanism does not include customer deposits in dollars in cash, where it is paid to the customer in full, but is limited to customers who receive remittances received from outside Iraq of any kind, and internal dollar transfers between their banks in our accounts." link

Don961:  Parliamentary Finance: The economic situation is very dangerous .. !!

 Economy  ,   3/24/2020 23:38   Baghdad - Iraq today:

The Finance Committee in the House of Representatives announced by one of its most prominent members that the economic situation in Iraq has become very dangerous, and it is not possible any setback.

It came in a publication released by Member of Parliamentary Finance and former Minister of Industry Eng. Muhammad Sahib al-Daraji, (Iraq Today) received a copy of it, that the state must take a package of quick decisions before it is too late.

Darraji has listed ten points:

 1. Change the exchange rate of the dinar gradually

 2- off the auction currency

3. Develop Platform for importing and stop some imports

4. The construction of the budget on the price of oil fixed and operating a moving budget for investment budget

5-postponement of dues of oil companies

6. sell coupons locally oil prevailing and buying after the price a year At the prevailing price then

7 - Allocating the budget to salaries, purchasing the ration and medicines, and sterilizing water and the educational process only

8 - The state imports commercial foodstuffs to the markets

9 - Negotiating to stop the payment of external debt

10 - Handing over the protection of the border ports of the anti-terrorism agency   LINK

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Don961:  Central Bank of {Al-Sabah}: the appreciation of the dollar exchange will end very soon

Saturday 04 April 2020 Baghdad / Hoda Al-Azzawi

 The Central Bank of Iraq revealed the implementation of several steps to control the rise in the exchange rate of the dollar in the markets, most notably the opening of outlets for sale and the strengthening of banks in the hard currency, while it is likely that the rise in the exchange rate of the dollar against the local currency will end this week.

 In conjunction with this, specialists see in the financial and banking affairs, this rise "temporarily" due to the current conditions related to the ban and lack of communication between the provinces, with the presence of some speculative mechanisms by weak souls.

 And recorded the exchange rate of the dollar in local markets during the past days, up to sometimes from 126 to 128 thousand dinars per 100 dollars.

The appearance of Mohammed Saleh, economic adviser to the Prime Minister, said in a special statement to "Al-Sabah": The high dollar exchange rate is linked to the current conditions related to the embargo and lack of communication between governorates and merchants and the absence of information efficiency, indicating that this has caused price deviations to exchange the dollar. 

He expected that this problem is "temporary" and related to the relatively closed borders, especially as it is not related to Iraq only, but to most of the countries of the world.

For his part, the Director of Information and Relations at the Central Bank, Acer Jabbar, told Al-Sabah that the central regulates monetary policy inside the country, explaining that the rise in the exchange rate of the dollar in the markets is linked to three reasons.

The first relates to the hoarding of the dollar by citizens, The second is the hoarding by the merchants for trading in trade. The third reason is related to the closure of banks and banking companies due to the ban.

He added that the central bank implemented a number of steps to control the exchange rate of the dollar by opening the window for the sale of hard currency, while instructing the bank employees to join and strengthen banks in the electronic dollar, not cash, and the dependence of traders on the transfer, so that some would not resort to searching for the dollar in the black market.

And revealed the presence of some weak souls speculating in dollars, so the central bank will try and in any way to curb this huge disparity and we expect this week to solve this issue related to the high dollar prices.

In turn, between the economic researcher Jaafar Baqer Alloush Al-Waeli, in a special statement to "Al-Sabah:" "The current rise in the exchange rate of the dollar is not a real rise as long as the Central Bank of Iraq did not resort to re-evaluating the exchange rate, but rather organized the process of withdrawing the dollar from His accounts in the US Federal Reserve Bank for deposits incoming to Iraq and pay 75 percent in dollars at 1118 and 25 percent paid in local currency at 1120 exchange rate, and this matter is limited to inward deposits and to clients of the central bank and banks exclusively approved.

And he confirms that the current rise in the exchange rate of the dollar from 1119 to 1128, then the decline has returned to 1126, i.e. an increase rate of 6 percent, which is an emergency rise due to the conditions of the ban, curfews, closing shops and small outlets with limited trade restrictions, except for food and necessary commodities, pointing out that Significant decline in oil prices has created a negative obsession for the citizen and has pushed a lot to move towards keeping the dollar as savings.

He believes that this rise will affect the daily transactions denominated in dollars and the prices of commodities that involve under these transactions, and that good signals for recovering oil prices and reaching $ 30 per barrel will allay some fears and the conditions of pressure on the excessive rise of the dollar will fade significantly, but remain for the changes that occur in The bases of the days are the decisive judgment in the directions of the dollar exchange rate, as well as the extent of its effect on the inflation rates or real price and income levels, and thus on the livelihood of citizens. "

To that, a member of the Parliamentary Investment and Economy Committee Nada Shaker Jawdat told "Al-Sabah" that the dollar exchange rates rise in light of these conditions that Iraq and all countries of the world go through naturally, but that will be reflected on the poor communities due to the high prices of goods and materials resulting from the dollar's rise.

It indicated, we need an insight from the government and its experts towards stabilizing the exchange rates of the dollar, so that it does not reflect negatively on those with limited incomes and poor societies.

Jawdat called on the government and the central bank to maintain the exchange rates of the dollar and provide cash subsidies for citizens to complete their personal requirements, which are not only related to the food basket, but personal belongings such as health supplies and medicines.  link

Samson:  The international coalition hands over its positions at the Habbaniyah base to Iraqi forces

4th April, 2020
On Saturday, the international coalition forces surrendered their area within the Air Force Base from the Joint Task Force - Operation Solid Torque to Iraqi forces.

Brigadier-General Vincent Parker, Director of Sustainability Affairs at the Joint Task Force - Operation Solid Resolve said that moving the base of progress (Habbaniyah) is another advanced step toward the ongoing partnership between the Iraqi security forces and the international military coalition against ISIS.

He also said that during the past month the international coalition handed over four bases to the Iraqi forces.   LINK

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Samson:  International Alliance: We delivered $ 3.5 million in equipment to Baghdad and 500 military personnel will leave Iraq

4th April, 2020

A coalition spokesman, Colonel Miles Cogens, announced on Saturday that the coalition forces handed over $ 3.5 million worth of equipment to the Iraqi government.

"The coalition is leaving the al-Takadum air base (Habbaniyah) and transporting equipment and buildings, including approximately $ 3.5 million, to the Iraqi government," Ciggins said on Twitter.

He added, "500 members of the coalition will leave," noting that "the Iraqi security forces were and are still able to confront ISIS in Anbar Province." LINK

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Don961:  Deputy: The net of Iraq from selling a barrel of oil has become $ 13 .. and it is far below the salary insurance ceiling

Economy 04/04/2020 13:50 305 Editor: am   
Baghdad today - Baghdad

Member of Parliamentary Finance Committee, MP Ahmad Hama Rashid, revealed on Saturday (04 April 2020) the net sale of Iraqi oil barrels at the present time, while determining the price that secures the provision of employees salaries after the oil money goes to the federal budget.

Rashid said in an interview with (Baghdad today), that "the price of selling Iraqi oil in global markets reaches 22 dollars today," noting that "9 dollars are deducted from each barrel as different costs, so that the net sale remains 13 dollars per barrel entering the country treasury." .

He added, "The figures show the size of the huge material damage to the collapse of oil prices, especially since the price of a barrel at 31 dollars is what secures the provision of employee salaries according to the current production."

Regarding the basic income of citizens, Rashid stressed, "The basic income is a simple financial program based on the idea of ​​distributing an equal financial share to all Iraqis, regardless of their segments, which are best suited to the current situation, especially with the collapse of global oil prices and the challenges of the Corona virus, these matters need to have a government In order to push towards the adoption of an emergency budget, to pull the country out of its current crisis. "

He explained, "The basic income depends after securing the salaries of employees and supporting the health institution, and it will provide money for all citizens, including the poor, to purchase their basic needs, and leave the citizen free to buy what he wants, but the card file represents for years one of the largest corruption files in the country."

He pointed out that "pushing the citizen to buy what he needs and rely on local production will lead to providing endless job opportunities, especially with real implementation of the term of protecting national production, and opening the doors of investment in all sectors, to secure the needs of the people from materials and goods."

Oil prices fell on Friday, after yesterday had recorded its biggest gains for one session ever, as prices jumped more than 20%.

On Thursday (02 April 2020), the Kingdom of Saudi Arabia called for an emergency meeting of the OPEC alliance and other countries in order to rebalance the oil markets. After that, the Minister of Oil, Thamer Al-Ghadban, confirmed that Iraq supports Saudi Arabia's call for an urgent meeting of OPEC, and the return of stability in the oil markets. link

Frank26:  4-4-2020. Q&A

This video is in Frank’s opinion only

https://www.youtube.com/watch?v=3Z9q3aiq3nE&feature=youtu.be

Walkingstick, Frank and MilitiaMan Tuesday PM 3-31-2020

KTFA:

Walkingstick:  F.. this one......

Is Iraq resorting to printing currency to overcome its financial crisis?

Adel Fakher - Baghdad 

The appearance of Muhammed Salih, advisor to the Iraqi Prime Minister, confirmed that the options to face the financial situation are heading towards pressure of expenditures, and that the issue of printing the currency is merely a proposal that is not consistent with the Central Bank Law, which confirms that the  printing of banknotes is aroutine technicalprocedure practiced by the bank according to the requirements of cash circulation, and that the printing process Completely separate from the cash issue process.

Saleh said that the government has financial procedures that will not lead to stumbling the salaries of employees, as it is one of the priorities of the government, indicating that their options for facing the financial situation are heading towards pressure expenditures, indicating that there is a team working with the Ministerial Council to restructure state expenditures, and that the issue of printing the currency is just a proposal that does not Consistent with the Central Bank Law.

And the Central Bank of Iraq issued an explanation regarding what is being circulated from the news about the possibility of printing an Iraqi currency to avoid economic problems, in which he affirmed that any party cannot withdraw banknotes from the central bank unless there are funds in its accounts that cover the amount to be withdrawn, and therefore, does not mean To say that the dinar is of any meaning other than strengthening the treasures of the Central Bank in accordance with the monetary policy, and not for any other purpose or purpose. The law of the Central Bank and Monetary Policy do not allow the issuance of cash in favor of an account without a balance.

The bank said in a statement that  when the Ministry of Finance wishes to finance spending on different spending units and salaries, it requests the central bank to strengthen its account in Iraqi dinars in exchange for withdrawing from its account in dollars, so no amount is deposited into the finance account in dinars unless a withdrawal from its dollar account is offset. 

Noting that the Central Bank Law does not allow him to lend to the government, whether by printing the currency or any other way, direct or indirect, and he is entitled to deduct the treasury transfers, if they are present in the secondary trading market, as it is one of the tools of monetary policy, as he saw this based on data Precise objectivity serving the objectives of monetary policy. 

The balance of economic deficits and economist Salam Semsem asked  about the nature of the cash issue and whether it was in the normal form issued by the government in exchange for coverage with a quantity of cash and a quantity of gold, the state’s commitment to the international community, the international economy, and the International Monetary Fund, and all this is measured by the state’s economic standing and the amount of wealth. 

Sumaisem told   Al Jazeera Net that the state now hints at the printing of the coin to coincide with the talk about the cash crisis and the existence of a deficit, and this means that there is a deficit in the economic balances represented by the general budget, the trade balance and the balance of payments, and this requires more money, so how can the state pay this deficit with the increasing expenses represented by salaries Wages and social benefits.

She also asked, "Will the printing of the currency be free of charge, and if it is, it will negatively affect the reality of the Iraqi economy through the collapse of the Iraqi dinar, which will lead to significant monetary inflation, and here the risk is possible because it will affect the classes with limited income, meaning that the amount of goods and services that it gets The individual as a result of his use of this income will decrease, and with it the living standards of the individual represented by the most important files such as food and medicine will decrease. " 

The value of remittances
inrelated context,Central Bank issued instructions concerning commission cash withdrawal todollar, that it willregardless accounted 25% ofvalueremittancesdollars that comeIraqi banks  dinar  Iraqi, asmeasure to overcomefinancial and economic crises. 

In this regard, economic analyst Dhargham Mohammed Ali explained to Al-Jazeera Net that this measure is caused by a  lack of foreign currency caused by the decline in the price of crude oil in global markets, which is a temporary measure to cross the current crisis, indicating that it is a procedure followed in many countries that suffer from a shortage of currencies Foreign , as for the printing of the currency, it is not possible because it will harm the  economic and financial position of Iraq and float the price of the currency and create greater economic problems, he said.

And on the ways to support the federal budget to cover the deficit, Muhammad Ali explained that this is done by giving away all unnecessary forms of spending, reducing the salaries of special grades and stopping the  statements  completely.

The Iraqi currency went through several phases, the royal edition bearing the image of King Faisal and continued until 1958, the edition bearing the Republican emblem until 1978, and the international edition, called the Swiss edition, which was printed at  the  British company  Delaw and   Soviet Exports until 1990.

Then, as a result of the circumstances of the economic blockade that Iraq passed through, the Central Bank of Iraq printed the banknotes at Dar Al-Nahrain for printing, and in the beginning of 2003 the central bank withdrew all local and international banknotes named Swiss edition and put the new series of Iraqi dinars consisting of seven categories that were printed with specifications High security, while  continuing  to develop these specifications, which prevents the ability to counterfeit or counterfeit them.  LINK

Frank26:  COPY SIR .......................... YESTERDAY'S MONDAY CC IS ALL OVER THESE ARTICLES !!!

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RE: MilitiaMans Earlier posts 

MilitiaMan:  Add this into the mix if you will... Think about the timing of this article from Dr. Mazhar Muhammad Salih, then go back to the FIMA data and the Currency Manipulation Rules.. They are all in sync to facilitate trade in one shape or another and will have a smoothing effect for the global markets and for Iraq too.

Not just in the REPO market but the Currency and Oil Markets as well, imo. Keep in mind that the FIMA action to the Repo market, in which, is a massive market and it is nothing to sneeze over.

It has had to adjust recently (as being or having been infused with trillions of $ imo to back up banks for liquidity issues.) and with the new rules and facilities to be in place that will be effective as of 04/06/2020! The collectivism of all this data out now is not for just any old reason, imo.

The timing of this at this juncture paints a vivid picture in my mind. It paints a major power play into view. Iraq has no where but up to go from here!!!. imo

We know CBI Gov. Alak has openly stated he was not going to devalue the IQD. It goes against all of that that has been done to to date to keep the IQD stable and steady.

Then they tell us they are considering Bonds. They have done that before right? Yep, so why now and in a different manner? Well the Bonds may or will be denominated in Dollars. Just like when China issues foreign Bonds denominated in Dollars, there is interest paid on them.

Iraq can't borrow any money from the looks of it lately from anyone. But, if they have the ability to get into the secondary markets with their currency and their stock exchange, they can use those mediums to get dollars into the future.

So not only could this be about Iraq going international in secondary markets terms, the FIMA just may be the mechanism to facilitate them to do so through the US FED.. Thereby, Iraq will need to reinstate their currency to do so. 

Which will support other currencies around the world. imo

The ISX will with a reinstated currency will be reflected in her share pricing (securities). Securities are liquid cash, effectively. Iraq Bonds denominated in Dollars will pay interest.

Another form of liquid assets. Thereby, citizens will earn interest over time by buying said bonds with their three zero notes, hence, there will be a reduction in money supply, therefore, supply and demand supports the new rate by increasing local and global investment and direct local productivity.

Another outlier, is do to the virus and the global markets taking a bath recently. There is obvious concern about them both going forward. So much so they US Gov has voted on the largest stimulus package in the USA's history because of it so they say, and not unlike Great Britain too, they followed suit in short order.

The packages are in the Trillions worth!! Where did they get the money? Last I looked the Debt Clock of the USA is still under 24 trillion and counting. Interesting.. Where did the 2-6 trillion $$ come from and how is it that the debt clock didn't jump up significantly?

I am not sure. But, by the actions of Dr. Alak, Dr. Salih, the FIMA and CMR we can see there is a need for Iraq to reinstate her currency. Oil has tanked and they have serious concerns to even function and or pay salaries, bills,  etc.. They stopped the dollar auctions as we know them and can not justify bringing them back either. Way to costly to the present program rate if they did. It would potentially cost them billions in losses to their reserves, as the exchange rate is presently now under downward pressures. 

They are not going to be able to get dollars at a program rate, or they would still have the auctions. They'll need the Secondary Market to get them from here on out. They'll need securities on the Secondary Markets to facilitate Iraq getting dollars for trade. The Central Bank Law requires it.

Thereby, imo they are backed into a corner. Iraq not being on the secondary markets put them at a major disadvantage. They were not in a position to trade or hedge pricing into the future when oil dropped, therefore, when the oil price tanked they got clobbered, again.

Hence, Salih is apparently telling us they need to get on the secondary market so they can go long and short in selling securities, oil futures contracts, etc..

The ability to hedge is the way it is done on the secondary markets. All major players have that ability. (Sad to say, Iraq you knew all this along time ago. Your corrupt didn't care.. Thank your neighbor and those who support them. imo) Whereas, at present they only make money when the oil price is high. This is why they are telling us all this information.  Hedging will be useful to play the markets both up and down when prices change accordingly.

The USA has a powder keg called debt just as banks have too, in respect to the REPO markets.  The FIMA is to smooth out the functioning of the financial markets in respect to not only USA markets but with international Central Banks and International Monetary Authorities.

So if the IQD reinstates to a true value, the implications suggest the FIMA action may very well be needed and big time to smooth out the markets.

Liquidity issues will come into play for foreign exchange and the US Dollar. The balance sheets for the UST and HMTQ will get a nice supportive boost to them. They both have the lions share of IQD outside of Iraq.. The FIMA will or maybe used to provide the mechanism and facilities to allow it all to run smoothly.

All while Iraq, reinstates an undervalued currency to one with value that the Secondary Markets have in mind and will be glad to purchase those securities for to support reconstruction of the country.

Also the Citizens too, can buy the Iraq dollar denominated bonds to help support that value locally..  So Iraq being backed into the corner, sure looks to be a good thing for everyone, except for those that have sanctions on their backs. (Sanctions that are going to be imposed harshly on Iraq if they miss their deadline. They only have 30 days now to cease payments for electricity.)  jmtc ~  imo

So with that said, the cards are about to be on the table 04/06/2020 for those that need a playing card. Trump and the Queen will have a Royal Straight Flush when this is over in SPADES.. imo.. lol ~ MM 

MilitiaMan: So with the 

The deterioration of oil markets: the mechanisms of the present and foreseeing the future.

http://economy-news.net/conten.....p?id=19539

Currency Manipulation and Countervailing Duties

"The Administration’s most recent action on currency relates to countervailing duties. Under current U.S. law and World Trade Organization (WTO) agreements, countervailing duties (CVD) may be applied as a remedy for material injury or threatened material injury to domestic industries caused by unfairly
subsidized imports.

For years, some analysts have argued that currency undervaluation is the functional
equivalent of an unfair subsidy, and thus CVD should be available in this case as a remedy for injured
domestic producers (or those threatened with injury).

Some Members of Congress have routinely introduced legislation to amend U.S. countervailing laws to that end. However, due to a variety of concerns (many of which have been raised again in the current debate and are discussed below) Congress refrained from legislating on the issue. The rule-change by the Commerce Department in February 2020 administratively implements the policy by modifying existing regulations, without the need for legislation.

It is unclear which countries might be targets under the proposed policy, partly because there is
disagreement among economists about whether countries are able to manipulate their currencies and if so, the best economic models for estimating currency undervaluation. Treasury maintains a Monitoring List of major trading partners whose currency practices merit close attention, which in January 2020 included China, Japan, Korea, Germany, Italy, Ireland, Singapore, Malaysia, Vietnam, and Switzerland.

https://fas.org/sgp/crs/misc/IN11138.pdf

Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets

https://www.federalreserve.gov/newsevents/pressreleases/monetary20200331a.htm

"The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve."

KTFA Monday Night CC Replay and News 3-31-2020

KTFA:

Don961:  Report: Corona crisis is the last straw in the coffin of the political system in Iraq

2020-03-30 10:11:45 

The Wall Street Journal said the Coruna Storm could be the last straw in the coffin of the political system in Iraq, with the government failing to contain diminishing oil revenues, deteriorating services, and disrupting public life.

The newspaper stated that the Iraqi state institutions are already collapsing due to the drop in oil prices, the collapse of health infrastructure and the state of geopolitical chaos in light of the exchange of threats between Washington and Tehran, attributing this to the rampant corruption that dominated the political system in 2003.

The Wall Street Journal added that Iraq at this time The embarrassment needs a stable political leadership, but political differences and ignoring the demands of the demonstrators have brought the country to the point of collapse and Iranian-backed groups have become more aggressive in threatening US interests, prompting Washington to reposition its forces so that they can deal with the attack. The missile is more convenient

The newspaper concluded by emphasizing that the current moment in Iraq is the greatest opportunity ever to get rid of the political system, which since 2003 has been concerned with monopolizing state resources and enriching patronage networks at the expense of the Iraqi people.   LINK

Billuke:  Amen - Iraq has been an embarrassment.

Cornhusker: Hear is what i have heard ….the IRS is no more …all IRS employees  are moving in to the US treasury building …they will be doing the paperwork on the consumption tax …no money here the US treasury that has the money is in Reno, NV.  ….all the above is hear- say imo…..Judy Shelton will be at the US treasury.

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ImGolfer:  Ok the nice guy I am I pulled a the world map. Gave my wife a dart and said throw this dart and wherever it lands I'm taking you for a 2 week holiday when this pandemic is over.

Turns out we're spending two weeks behind the fridge!

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

Monday Night KTFA CC 3-30-2020

PLAYBACK : 605.313.5163 PIN: 156996#

https://fccdl.in/dNzoyIwnOE

Clare:  FANTASTIC CC TONIGHT! LOADED WITH GREAT INFORMATION ..THANKS SO MUCH FRANK, WALKINGSTICK, DELTA, AG & TEAMS!  IRAQ REALLY IS PAINTED INTO A CORNER... LIKE YOU SAID... IT'S GREAT!

StrongCBM:  One thing about holding ones breath....at a particular time your body "forces" you the breath so it doesn't die...

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

Samson:  Reducing cash handling and corona virus

30th March, 2020 by Zahra Al-Husseini

The payment system is the basis for the economy of any country, because it is at the center of economic activities and in general, the payment tools reflect the way in which the individual can pay for the goods and services he gets

The payment system has witnessed many developments starting with the barter system, which means exchanging a commodity in exchange for another.

There was no other way to exchange, and this system was accompanied by many difficulties, which led to the creation of another method, which is commodity money, then legal paper money, and with the development of economic life more and more led to the emergence of Another innovation, which is checks, and with the era of globalization, the revolution in information technology, and the emergence of the Internet, has led to the creation of more sophisticated means, which are electronic means, and it is defined as a group of tools and methods that rely on electronic technology to transfer money, which facilitates the exchange process. In a fast and safe manner and at the lowest possible cost in the conduct of exchanges, electronic payment tools are the most controversial today, so most of the central banks in Arab countries have replaced them with traditional tools

And in Iraq, in particular, is still the most dangerous thing facing the Iraqi economy is the frequent use of liquid cash, so the proliferation of electronic tools will certainly have positive effects on the Iraqi economy. 

Therefore, the Central Bank of Iraq has taken several steps to develop payment tools and has been distinguished by launching several projects aimed at reducing the use of traditional tools (money), including the project of localizing the salaries of state employees as well as the spread of card services of all kinds (credit or credit card, debit or city card, prepaid card ), As well as the proliferation of mobile phone service and electronic wallets

Many economists have expected the disappearance of paper money from circulation after the emergence of the wave of modern tools, as electronic tools have become a threat to the existence of paper money, but the reality is that money has remained the main dominant in circulation, as we still use liquid money in most of our daily dealings, as is the case in small shops and refiners. Hair, taxi driver, etc. We do not accept others as a method of payment, as it represents a safe and reliable method, but in reality it is not the ideal solution

There are a group of reasons that may be the main reasons for the non-proliferation of electronic payment tools:

1- The absence of an electronic payment culture among the majority of individuals

2- There is no banking culture and awareness in society

3- The difficulty of individuals accepting these modern tools and considering them as a final alternative to the traditional means. Therefore, Iraq cannot easily dispose of the money

4- The small media campaign to introduce the importance of electronic tools

It can be said that there is an opportunity to limit monetary dealing today through the emerging virus (Corona) and what is confirmed by this is made clear by the World Health Organization that dealing with banknotes is one of the main reasons for the transmission of this virus and other experts stressed that the exchange of banknotes is a source for the transmission of all types of bacterial and viral infections Therefore, most of the world’s banks sterilized the banknotes in the automated teller machines (ATMs) to ensure no infection was transmitted, and the World Health Organization advised to switch to contactless cash payment to limit the spread of the virus. 

Consequently, this is an opportunity to increase awareness and turn towards the electronic card and to spread the points of sale at the stores extensively, but it requires an extensive media campaign to spread the electronic culture to individuals and shop owners and urge them and encourage them with electronic tools  LINK

Samson:  The text of the closing statement of the G20 trade ministers'meeting on Corona

31st March, 2020

The Ministers of Trade and Investment of the Group of Twenty and the hosting countries affirmed that the Corona pandemic is a global challenge that requires coordinated response, in which rows unite and concerted efforts to face this common threat, stressing that the time has come for the international community to work more than ever to double coordination and cooperation to protect life Humanity and laying the foundations for a strong economic recovery and sustainable, balanced and comprehensive growth after this crisis

This came in a statement carried by the Saudi Press Agency "SPA" and seen by "Al-Iqtisad News", after the hypothetical meeting held by the Trade and Investment Ministers of the Group of Twenty today, with the aim of assessing the impact of the Covid 19 virus pandemic on trade and investment, as follows

"We - the Ministers of Trade and Investment of the Group of 20 and the hosting countries - express our deep sorrow and regret over the devastating humanitarian crisis left by the outbreak of the Corona Virus (Covid 19), and we want to confirm that this pandemic is a global challenge that in turn requires a coordinated global response

Accordingly, after the end of the work of the extraordinary virtual summit on March 26, 2020, the G20 leaders pledged to "unite ranks and join efforts to confront this common threat." Now is the time for the international community to more than ever redouble coordination and cooperation to protect human life and lay the foundations for a strong economic recovery and sustainable, balanced and comprehensive growth after this crisis

In this context, we want to point out that we have begun to monitor and evaluate the impact of this pandemic on trade, in keeping with our commitment to the task assigned to us by our leaders

We are actively working to ensure the continued flow of medical supplies and equipment, essential agricultural products and other essential goods and services across borders in order to support the health of our citizens. In keeping with our national requirements, we will take the necessary immediate measures to facilitate the movement of trade in basic products

We will also support the availability of medical supplies and pharmaceuticals and will strive to enable access to them at reasonable and fair prices so that they reach those who need them most as quickly as possible, by encouraging additional production by providing targeted incentives and investments consistent with national conditions

We will never fail to combat exploitation and unjustified price increases

We are all concerned about the effects of the Corona Virus (Covid-19) pandemic on fragile developing countries and the least developed countries, especially in Africa and small island states, and we are also concerned about the massive challenges faced by workers and businesses, particularly the most vulnerable groups. Accordingly, we will ensure that our joint response to this pandemic is supportive of micro and small and medium enterprises, with an emphasis on the importance of strengthening international investment

We all agree that the emergency measures designed to counter the pandemic of the Coronavirus (Covid 19) - if necessary - must be targeted, equal, transparent, and temporary, and not impose any unnecessary barriers to trade or disrupt global supply chains and must comply with WTO rules . We intend to implement these measures and at the same time adhere to the principle of international solidarity, especially in light of the emerging needs of other countries in providing emergency supplies and providing humanitarian assistance

In this context, we stress the importance of transparency in the current period and our commitment to continue to notify the World Trade Organization of any trade-related measures or measures that will be taken, which will enable global supply chains to continue to work in light of this crisis while accelerating the next economic recovery process

We will adhere to the individual and collective level as we fight this pandemic and seek to mitigate its effects on trade and investment at the international level by continuing to work together to create a free and fair trade and investment environment free from bias and discrimination and transparent, stable and predictable while keeping our markets open

We will ensure the smooth and continuous operation of the logistics networks that form the backbone of global supply chains. We will also explore ways to keep logistical networks open by air, sea and land shipping, as well as identify possible ways to facilitate the necessary movement of health personnel and businessmen across borders without undermining efforts to reduce the spread of the virus .. and we will continue our work in monitoring and evaluating the resulting impact About this pandemic on trade

In this regard, we invite international organizations to provide in-depth analyzes of the impact of the Corona Virus (Covid-19) pandemic on trade and investment at the international level and on global value chains. We will also continue to work together with these organizations to provide coordinated direction, gather and share best practices to facilitate the flow of essential goods and services

We will meet again if the need arises, and we have mandated the Trade and Investment Working Group of the Group of Twenty to raise these issues about earning and identifying additional proposed measures that would mitigate the effects of the large-scale Corona Virus (Covid-19) while specifying actions to be taken on Long term to support the international trading system and accelerate economic recovery

In this context, we affirm that the Italian Presidency of the Group of Twenty for the next year 2021 is committed to continuing to pay close attention to the international commercial climate during discussions on long-term measures   LINK

Frank26: Trump Gave Them Their Last Breath....How Long Can They Hold It? 3-30-2020

KTFA:

Frank26:  3-30-20 TRUMP GAVE THEM THEIR LAST BREATH...HOW LONG CAN THEY HOLD IT?

THIS WHOLE VIDEO IS IN FRANK'S OPINION

This may be my last update on YouTube.

I am in the mood to talk tonight.

Tonight on our Conference call at 7 pm est. we are going to talk about the Federal Reserve…..and the US Treasury and Donald Trump…….I’m going to tell you my opinion.

KTFA CONFERENCE CALL INFORMATION: 7PM EST 605.313.5164 PIN: 156996#

Can't join us live? PLAYBACK : 605.313.5163 PIN: 156996#

TONIGHT’S LIVESTREAM LINK https://livestream.com/accounts/78544

https://www.youtube.com/watch?v=4fA4BqPoDMI&feature=youtu.be