KTFA Members "News and Views" Friday 4-3-2020

KTFA:

Samson:  TRADE BANK OF IRAQ
2nd April, 2020   Translation.....

As per the instructions of the Central Bank of Iraq, go to the use of electronic payment tools in financial transactions and avoid dealing in cash in order to preserve public health.

The management of the Iraqi Trade Bank decided, or that the commissions be smaller for the citizen and the merchant when using the bank cards through all point of sale (POS) devices in all the commercial centers in support of the current stage.   LINK

Eagle1968:  With the sudden demand in toilet psper, I have decided to go out and obtain as much as possible.  Then, I should be able to use the stash as a new sort of crypto currency.  I think I will call it:  BUTTCOIN!      Have a good day family.  

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Samson:  A new "Marshall Plan" to save Europe from Corona

2nd April, 2020

European Commission President Ursula von der Leyn announced a plan to tackle the unemployment crisis in Europe on Thursday, against the backdrop of the crisis facing European countries after the outbreak of the new Corona virus (Covid 19)

According to the von der Leyen plan, the European Union "will raise 100 billion euros" in government loans, adding that these loans will help member states "to enhance their short-term action plans

The European Commission president said that this plan comes within the framework of "European solidarity", as the continent was affected in varying ways by the global epidemic

The plan will include financing loans to member states, "a statement by the European Commission said

Ursula von der Leyn explained that the next EU budget should take the form of a new "Marshall Plan" to help Europe recover from the Corona virus crisis

Von der Lein made the remarks shortly after French Finance Minister Bruno Lemerre said that Europe should "use all existing tools" at its disposal to tackle the economic crisis caused by the Corona virus pandemic

The French finance minister said he supported the activation of the European stability mechanism "on light terms and without stigma on any country", and suggested "new funding from the European Central Bank with a total value of about 200 billion euros

The Marshall Plan, an initiative launched by former US Secretary of State George Marshall, to help European countries rebuild what was destroyed by the Second World War and rebuild their economies, by providing in-kind and cash assistance in addition to a package of long-term loans LINK

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Don961:  The Iraqi dinar collapses against the dollar and urgent demands to rectify the matter .. What is the role of the Central Bank?

2020-04-01

Yassin Iraq: Baghdad

The popular and economic circles in Iraq panicked today, Wednesday, because of the record high dollar in front of the Iraqi dinar, as it reached in some areas to 126 thousand dinars against the 100 Iraqi dollars, while questions were raised about the role of the central bank in that.

And the local media reported, the high dollar exchange rate against the Iraqi dinar, while some regions recorded 126 thousand dinars in front of a class of 100 US dollars, after it was 123 thousand dinars, when the markets opened.

Media outlets reported that "the rise in the price of the dollar is due to the crisis in the spread of corona and the closure of the central bank."

Security and political expert Fadel Abu Ragheef wrote, in a tweet monitored by "Yassin Iraq" that "the Iraqi dinar" begins with the deterioration of the dollar's rise, "considering that" the security, social and living situation is linked to the economic situation, and the central bank must act immediately and urgently to pump more dollars to control the rise of the reprehensible dollar. "

He emphasized that "the poor are the first to be affected by the Iraqi dinar, the matter must be addressed immediately."

Fadel Abu Ragheef @ fadhil_abu_ragh The Iraqi dinar begins to deteriorate with the rise of the dollar, the security, social and living situation is linked to the economic situation, and the central bank must immediately and by urgent action to pump more dollars to control the rise of the dollar, the poor first to be affected by the decline of the Iraqi dinar, the matter should be addressed immediately .

6:17 AM - Apr 1, 2020

 Sources emphasized that "the central bank was pumping large amounts of dollars daily, but it is not as usual and because of the Corona virus crisis it reduced pumping, as the government allowed banking shops to open for two days a week and only very specific times in some regions, which raised the exchange rate of the dollar."

The "balance" must continue

For his part, the economic expert, Amer Al-Jawahery, revealed the reason for the high exchange rates of the dollar against the dinar, while stressing the need for the central bank to continue pumping more dollars to the market, and for fear of the weak incoming from the dollar to the bank due to the low oil prices.

Al-Jawahiri affirmed in an interview with “Yas Iraq” that the central bank should continue to pump the dollar to the market and maintain this balance. Difficult to the country, but there is stock and I am afraid of this step. ”

And Al-Jawahiri pointed out that "one of the reasons for the dollar's rise is the widespread fear in the country of the economic crisis, as well as the transfer of some of its money out of the country by the dollar."   link

Samson:  Private banks in Erbil resume work and specify dealing in dollars and dinars

2nd April, 2020
On Wednesday, private banks in the governorate of Erbil, the capital of the Kurdistan Region, were resumed at work, and while the reviews witnessed great crowds, the return of patronage and favoritism cases was noted.

The "Shafaq News" reporter said, "The civil banks in Erbil today resumed official working hours in the midst of crowded auditors," noting that "the Iraqi Commercial Bank in Irbil witnessed great crowds and according to the instructions, his administration has entered all five auditors with each other."

He added, "This created a kind of grumbling, and also witnessed cases of patronage and cronyism, and the entry of some deputies without the obligation to wait until their role comes."

And that the bank’s administration spent the sums to the citizens by 75% in dollars and 25% in the Iraqi currency.

Private banks have stopped working since March 18, last year because of the curfew announced by the Iraqi government in the capital, Baghdad, and applied by other provinces, as well as in the Kodestan region, due to the outbreak of the Corona virus.    LINK

Giants:  IMO... CBI is about to float their currency.  There is an article in Bagdad Today that has a comment from the finance committee that states the CBI has stopped the flow of the dollar and has every intention to float their currency to fill part of the budget deficit and the needs of the government.  BOOM!!!!  IMO.....More news is coming out a bout what the CBI is about to do and it's coming from Parliment's Finance Committee.

MilitiaMan:  Now think about this.. There is a suggestion above they are talking about that they are going to float their currency? Not at a program rate they are not.. imo!!!

Well, lets look at the cronyism going on in Erbil. Why would they be having patronage and cronyism over something at a program rate? They wouldn't imo.

How many denominations are they going to have in NSCNs? What do they mean by 5 auditors with each other? Could they be talking about notes with more value? Lets say they can pay 75% in USD "(value ratio to the Dinar, as they don't want to use the reserves so it will cost you more to get the Dollar.)" for 100% pay in of their dinar payroll or they can get all Dinar with only them only needing 25% of that amount, as in the rate may possibly be in the 3x the USD ratio they offer of 75%? That would attract the cronnies.

They would be like wanting to be first in line to get theirs (greedy). Step aside, let me in!! I know so and so.. lol.. imo lol Some things to think about.. imo ~ MM

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Don961:   Scientists discover a drug "destroys the Corona virus in 48 hours"

2020-04-04

Yassin Iraq: Baghdad

An anti-parasite drug available worldwide has shown the ability to kill the Corona virus within 48 hours in laboratories, according to Australian news site 7 News.

The site pointed out that a study of the Institute of Biomedicine at the Australian University of Monash on Ivermectin showed promising results in fighting the virus inside the laboratory.

The study found that a single dose of the drug could stop the Corona virus from growing inside the cells.

"We found that a single dose can basically remove all viral RNA (effective removal of all the genetic material of the virus) within 48 hours," explained Dr. Kylie Wagstaff.

While it is not known how the drug works against the virus, it has shown an ability to stop the virus from weakening the host cells.

The site said that the next step for scientists is to determine the correct human dose, to ensure that the level used in the laboratory is safe for humans.

"In times when we face a global pandemic and there is no approved treatment, if we have a compound already available all over the world, it might help people soon," said Dr. Wagstaff.

The drug has been approved by the FDA as an anti-parasite, and has also been shown to be effective in the laboratory against viruses including HIV, dengue and influenza.

The study is a joint work of the Monash Institute of Biomedicine and the Peter Doherty Institute for Infection and Immunology, and the results of the study were published in the journal Antiviral Research.

LINK

KTFA Members "News and Views" Thursday 4-2-2020

KTFA:

DELTA:   THANK YOU DON MY BROTHER ....CBI MIGHT OPEN FOR BUSINESS ON 04/05 

Don961:  Central Bank: We will continue to auction the currency to support trade and import food

2020-04-01 Follow Iraq:

Today, Wednesday, the Central Bank of Iraq called private banks and exchange firms to take a responsible role in light of the current stage, indicating its continued monetary and financial policy.

A statement seen by Yassin Iraq said, "The efforts of the various institutions in our country to fight the Corona epidemic and get out peacefully from this crisis join together," calling on "banks, exchange companies and electronic payment companies to take their responsible role at this stage."

He added, "Although the curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq, we have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials," stressing that "there is no change in its policy in financing Trade and imports, which will resume after the ban is fully lifted.

With regard to the next stage, the statement stated that “the bank will begin to enhance bank balances abroad through the foreign currency sale window, according to a schedule of working days and according to the requirements of the situation, and that is to be reported first, for the purposes of financing the credits of importing foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens.” .  link

Don961:  If we had honest politicians and officials: We would have asked them to rationalize the salaries of the private grades and the Raafawi people and cut them in half.

last updated: April 1, 2020 - 11:56 am

 Written by: Mahdi Kassem

According to the latest news of oil price fluctuations, it fell to the worst level, which is $ 17, which is the most dangerous level ever for the drop in oil prices so far, at a time when the state’s treasury in its public financing relies only on oil resources, and from here we can imagine the great critical financial deadlock that Iraq is currently going through

And above that, the Green Zone thieves watch over this disastrous financial situation, without taking any radical or necessary measures that would control or rationalize this financial crisis and reschedule it according to the necessary priorities until the oil prices rise again, especially from the point of view In the expenses allocated to m An operating adulteress who consumes and absorbs seventy percent of the general budget according to statements of specialists and insiders with economic experience that includes this approximate and staggering percentage, especially as the lion's share is taken by the free salaries of the so-called “special grades” as well as the imaginary salaries of “Al-Rafhawi” also. ,

As well as Three or four retirement salaries for one “Islamic” Mujahid !! From Islamic politicians who take the retirement of “Mujahid and retired as“ jihadist Rafhawi ”in Saudi Arabia, and the retirement of a member of parliament and finally an official in the state retired at the same time, and perhaps a salary or refugee retirement as well, as was revealed in the case of Ali Al-Alaq previously, which was exposed by Danish newspapers in Then !!

Therefore, these free and unlawful salaries must definitely be reviewed, neither religiously nor positively, but rather the process of scheduling and sifting them according to the actual legal and service entitlement and the specified time for referral to retirement, or even reduced to half - at least - for the purpose of providing salaries to the rest of the employees and employees Holders of temporary contracts as well as families who live on the social security network ..

It remains to say that an unknown number of people with special grades - and here we do not mean absolute generalization - are not only receiving fictional retirement salaries, but they have had golden opportunities to carry out theft and embezzlement through companies and projects fake or lagging, and that when they were operating political sites Influential or sensitive positions that allow them to be involved in widespread corruption.

When some rightly ask: Where did the hundreds of billions of dollars in public money go, it can be quietly answered:

Much of it has gone into the pockets of some of the “special ranks”.

That is why these people can live comfortably even without fanciful and big retirement ..    link

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Samson  An Iraqi consultant returns the high price of the dollar to two workers and sets the date for its stability

2nd April, 2020

The economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, confirmed on Thursday that the curfew and the Corona virus crisis are behind the rise of the US dollar exchange, the imam of the Iraqi dinar. The exchange rate of the dollar in Iraq was 127 to 128 thousand dinars per 100 dollars.

Saleh Al Shafak News said, "The process of increasing the foreign exchange rate of the Iraqi dinar always occurs during official holidays," noting that "this is a natural and expected thing due to the current conditions, curfews and the Corona virus crisis." He added that "the central bank will take action against violators exploiting the current conditions and manipulating the exchange rates of the US dollar and foreign currency against the Iraqi dinar."

Saleh pointed out that "due to the curfew measures, the market will witness a relative calm and stability in the exchange rate of the dollar in front of the dinar in the coming days," noting that "the exchange rate process will stabilize as it was in the past after the end of the crisis and lift the curfew."    LINK

NanaCarol:  I find this of HUGE interest!

Iobey777:  Wow!!!  Sure hope this means what I "think" it means!!!

GodLover:  This article is interesting. I think we should take note on some quotes in this article imo.
First: they state that an increase in the foreign exchange rate of the dinar always occurs during an official holiday.
Second: the exchange rate will stabilize after the end of the crises (Covid-19) & the lifting of the curfew.

So the million dollar question is...… what past are they referring to? Previous to the Covid-19 epidemic or previous to war imo?  Also there is one Iraqi holiday in June & two in July... per calendar I read from imo.

Delta and KTFA Members Wednesday PM 4-1-2020

KTFA:

DELTA:  FROM SOCIAL MEDIA FAMILY... .... The problem is big and obviously the central inability to pump amounts as it was in the past to pressure the price where the holidays were open and pumped because he was able but now what is pumping the monthly imports of the country concludes by 5 days if it is pumping at the same old level...

YESTERDAY IN ERBIL.... SHOP OWNERS THEY ARE NOT TAKING DOLLARS... ONLY DINARS  

All the exchange and prices of the dollar are unrealistic, better to wait until the stock exchange OPEN officially there is no point in buying now. Even banks will open credits and external transfers very soon. And it's been instructed.

Don961:  Trump: The next two weeks will be very difficult for the United States

Corona News 04/20 2020 00:54 459 Editor: as   
Baghdad today - follow up

US President Donald Trump, friends, said the next two weeks would be very difficult for the United States.

"The next two weeks will be very difficult for the United States when it comes to dealing with corona," Trump said in a press statement.

The data of the World Health Organization, that the number of people infected with Corona virus in the world exceeded 750 thousand people.

According to the organization's data, the number of injured reached 750 thousand and 890 people, while the number of deaths reached 36 thousand and 405 cases.

During the last 24 hours 57,610 injuries were recorded, and 3,301 deaths .

Data indicate that the largest number of injuries recorded in Europe is 423,946 cases, or 56.4% of all cases worldwide.

Africa is still the continent with the lowest prevalence of the virus, with 3786 people or 0.5% of the total number in the world.   LINK

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Don961:  Trump calls for the approval of infrastructure spending billions of two trillion dollars

 March 31, 2020 09:31 PM

Mubasher - Ahmed Shawky : US President Donald Trump called on Congress to approve a $ 2 trillion package to support infrastructure in the United States

The US President said in a tweet via "Twitter", today, Tuesday: "Since the US interest rates are at zero, this is the time to pass the infrastructure bill that has been awaited for decades"

The US president pointed out that the financial package should be very large, worth two trillion dollars and focus only on jobs and rebuilding infrastructure

Trump called for this legislation to be included in the next bill currently being considered by lawmakers to respond to the Corona crisis, which is referred to as "the fourth stage".

Last week, the US President signed the largest stimulus package in US history, worth $ 2.2 trillion, to support the economy affected by the Corona epidemic.    LINK

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Samson:  Oil prices are the worst quarterly performance in history

1st April, 2020
Oil prices ended Tuesday's trading, recording its biggest quarterly loss ever, as Brent and US crude contracted in March due to the stalemate that hit the global economy due to corona.

The failure of OPEC + countries to reach an agreement on production cuts also contributed to the decline in black gold prices. The two crude lost about two-thirds of their value during the past three months, and most of the declines came last March in light of the decline in global demand for fuel due to travel restrictions imposed due to corona. Major dealers and banks expect demand for crude to decrease between 20% and 30% this April, with weak economic activity in the world.

Michael Tran, managing director of energy strategy at RBC Capital Markets, said, "The unprecedented pace of demand crashes forced refineries, worldwide, to cut production, leaving barrels from the United States to the North Sea to Asia looking, to no avail." About Maui." The markets received some support from the statements of US President Donald Trump, who said at a press conference yesterday that the United States, Russia and Saudi Arabia will work together to deal with the collapse in oil prices.

On the trading front, a barrel of Brent mix was traded today at 08:13 Moscow time, at $ 22.74, a 0.09% decrease from the previous settlement price, while US crude fell by 0.88% to $ 20.30 a barrel.  LINK

Samson:  Zain Cash launches the electronic wallet filling service through the two international MasterCard and Visa cards

1st April, 2020

Zain Cash is distinguished again by launching the first service of its kind in Iraq in the field of electronic financial transactions, as it launched the service of filling its electronic portfolio through any Master Card or Visa Card with ease, speed and safety.

This service will allow all card holders and account holders in banks the ability to perform many important digital services such as transferring money, paying bills and charging the balance in addition to providing them with the opportunity to purchase many international electronic cards such as Google Play, iTunes, Playstation and many others, and Zain Cash users will be able to From filling their portfolios starting from 250 dinars and up to a maximum of 500,000 dinars per movement with a free commission through the application at any time and any place without the need to make time and effort to go to the agent to deposit funds using any of the cards mentioned.

The launch of this service coincides with the continued spread of the Corona virus at the global and local levels, as Zain Cash strives to facilitate the financial dealings of citizens and a commitment to stay in their homes to preserve their health, as this service provides the mobilization of the wallet without the need to leave the house or make any effort in movement and Encouraging the use of an electronic wallet instead of cash to prevent infection.

The CEO of Zain Cash Iraq, Yazan Al-Tamimi, expressed his overwhelming happiness to launch this service that charts the beginning of a new stage in financial connectivity between banks and digital financial portfolios and keep pace with the development in the world of digital transactions and provide all advanced electronic financial services so that our valued customers in all governorates of Iraq will have the best experience Al-Tamimi added that this service is expected to attract many individuals and companies who are eagerly and eagerly awaiting this service for the time and effort it will save them, especially in the current period.

** Zain Cash from Zain is the electronic wallet that provides customers with the opportunity to convert cash to electronic money, which allows them to facilitate and electronic payment, when transferring money or paying bills, cash transactions, digital purchases and many other benefits and services, all through Mobile phone device.   LINK

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Walkingstick:  Save the Iraqi dinar" .. The deterioration of the currency by the rise of the dollar will destroy the poor first ... and the solution with the "Central Bank"

Wednesday 01 April 2020

Baghdad / Sky Press

The US dollar recorded a rise, as it reached in some areas to 126 thousand dinars against the 100 Iraqi dollars, while questions were raised about the role of the central bank in that.

And the local media reported, the high dollar exchange rate against the Iraqi dinar, while some regions recorded 126 thousand dinars in front of a class of 100 US dollars, after it was 123 thousand dinars, when the markets opened.

Media outlets reported that "the rise in the price of the dollar is due to the crisis in the spread of corona and the closure of the central bank."

Security and political expert Fadel Abu Ragheef wrote in a tweet:

Begins with the deterioration of the dollar's rise, "considering that" the security, social and living situation is linked to the economic situation, and the central bank must immediately and by urgent action to pump more dollars to control the rise of the reprehensible dollar. "

He emphasized that "the poor are the first to be affected by the Iraqi dinar, the matter must be addressed immediately."

http://www.skypressiq.net/2020.....

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."

MilitiaMan, Lynette Zang and more Tuesday Afternoon 3-31-2020

KTFA:

Walkingstick:  ftti... note fed, fima move..

MilitiaMan:  Thank you sir for the heads up.. I see that there are articles that talk of hedging oil contracts, liquidity, long/short trading, secondary markets, bonds and now FIMA. Getting interesting now with all the pressure! Oil prices low, customs and taxes at Iraqs borders in question, virus, sanctions looming for Iraq and pressure to not use Iran electricity, etc.. Looking like Iraq is in a "c.y.a" mode.. Just as the FED is now... imo ~ MM

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

March 31, 2020   For release at 8:30 a.m. EDT

The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses.

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.

In these transactions, FIMA account holders temporarily exchange their U.S. Treasury securities held with the Federal Reserve for U.S. dollars, which can then be made available to institutions in their jurisdictions.

This facility should help support the smooth functioning of the U.S. Treasury market by providing an alternative temporary source of U.S. dollars other than sales of securities in the open market. It should also serve, along with the U.S. dollar liquidity swap lines the Federal Reserve has established with other central banks, to help ease strains in global U.S. dollar funding markets.

The Federal Reserve provides U.S. dollar-denominated banking services to FIMA account holders in support of Federal Reserve objectives and in recognition of the U.S. dollar's predominant role as an international currency. The FIMA Repo Facility, which adds to the range of services the Federal Reserve provides, will be available beginning April 6 and will continue for at least 6 months.

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

MilitiaMan:  I'll bet that the data we are witnessing now out of Irag, USA, GB, CBs, etc., is that they are gearing for Iraq to be playing with the big boyz in and on the INTERNATIONAL STAGE!!! There are no coincidences imo.. ~ MM 

Currency Manipulation and Countervailing Duties

"On April 6, 2020, the rule is to go into effect and U.S. industries can begin submitting petitions for
potential relief to the U.S. International Trade Commission and Commerce’s International Trade
Administration"

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

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Courtesy of Dinar Guru:   https://www.dinarguru.com/

Pimpy  The temporary PM has now gotten a green light...the factions finally got together...Zafari is now a candidate and all the voting blocks had recommended him.  Yay!  Finally they agreed on something.   On March 16 the president Selih had appointed him as the temporary PM but now he's been approved by all the different parliamentary blocks.  Thank goodness...that's a step in the right direction...his name has now been officially recommended.

Frank26   Question "In Your opinion if...Iraq chooses to go bankrupt what will happen to the Iraqi government and the economy?  Can Iraq still RI after that?"  I don't think that Donald Trump would allow that.  I don't think Trump would allow the cancer that is in Iraq to kill Iraq.  No...

Frank26   Question "...If it's political for not moving things forward, who's responsible?"  ...it was the elite supreme bozos from Iran.  They had full control of Iraq.  And it's interesting how just in a handful of weeks boom!  BOOM! That control that grip has been melted away.  And Donald Trump I think had a big part of it.  And then this coronavirus was just a bonus.  And I say it's political because it's extremely political...the communist democrats of United State of America don't want Trump to have this at all...we all know who the bad guys are and we all know who the good guys

Lynette Zang

HYPERINFLATION VALUE OF SILVER, INVESTMENTS AFTER RESET

Streamed live 54 minutes ago

Question 1. Scott T: In Venezuela their Bolivar has crashed like where we are heading. One ounce of Silver is worth 1 million ish bolivars. 1 million bolivars can only buy a few bananas. If we wait until the dollar collapses to Zero like Venezuela, our silver will only be worth bananas. Even if a Venezuelan had 100 Ounces of silver they could not buy a home. Wouldn’t it be smart to sell at the initial panic. Example when silver is $100? Before its worth just bananas?

 Question 2. Greg G: Will a person be able to purchase gold and silver after the global currency reset?

Question 3. Lisa K: How can I find true information on the health of a company so I can begin to educate myself on which companies will survive the chaos and may be a good investment after the reset?

Question 4. Rich: I see there is talk of a new government digital currency! When this happens, what happens to all the currency that is under all the mattresses? Does it all go puff!! or will they give you time to turn it in?

Question 5. Peter M: How will the new Central Bank Digital Currency affect gold and silver value in the coming months, in your opinion?

https://youtu.be/IFQrNebS5H8?t=7

Lynette Zang: 

THE DOLLAR DESTRUCTION ESCALATES: Helicopter Money & Hyperinflation On the Way

Streamed live 23 hours ago

https://youtu.be/3r6NtK_VZbU?t=4

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!

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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...

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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

MilitiaMan and KTFA Members Sunday Night 3-29-2020

KTFA: 

Samson:  Sulaymaniyah takes measures for banks before proceeding to pay employee salaries

28th March, 2020

Health authorities in the Sulaymaniyah governorate launched a campaign to sterilize banks, on Saturday, in preparation for distributing the salaries of employees.

A spokesman for the Sulaymaniyah Health Department, Yad Naqshbandi, told Shafaq News, "The Provincial Health Department will begin today to sterilize and purify the banks in Sulaymaniyah in preparation for the distribution of employee salaries."

The Iraqi government, the first of Thursday, sent the sums for the salaries of the employees of the Kurdistan Region, and the director of the Iraqi Central Bank branch in Erbil, Abed Saleh, told Shafaq News that the Iraqi government had sent 453 billion dinars to the branch.   LINK

MilitiaMan:  To Note: "Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank, and is designed to offset the effect of foreign exchange intervention." May 23, 2019

MilitiaMan:  Now lets think about this.. Didn't we just recently see they were talking about "DOLLAR BONDs" in respect to payments to citizens. Iraq issuing bonds that are denominated in dollars? Foreign issues backed by USD are used by many foreign countries like China does for an instance. BONDS are effectively liquid cash, the are traded on secondary markets.. They carry time / interest rate /exchange rate parameters.

So under the guise of the Corona pandemic and low oil prices, it appears they can now strategically and safely sterilize their money and asset supply chains with security and stability all under an imposed curfew, and with recent resurgent USA presence in Iraq bases with an order our Pentagon to go ahead with the planning to escalate if need be to any Iranian threat.. "" ... lol imo ~ MM

"The report noted that during the Oval Office meeting on March 19, Trump did not make a decision on whether to authorize the new campaign in Iraq, but it allowed planning to continue, according to US officials."   LINK

MilitiaMan:  Why is that important, it may not be. But, if there is a need from Iraq by us during a transitional phase, the USA will be and or is already prepared. Having a transition from corrupt influences within the GOI that are effectively having their money supply chain yanked, things can get awry quite quickly..  The USA openly has those that are against the new GOI and the demonstrators demands on notice. On the demands of the citizens, 1) being that they want the corrupt to pay for the crimes against humanity during the demonstrations in recent past, 2) they want purchasing power. Not to increase the supply of money. They want the opposite. Therefore this example is not what they are going to do. As it would be counter to the Central Bank Law. ~ MM

Saleh added, "There is a team working with the Ministerial Council to restructure state expenditures," noting that "the issue of printing the currency is merely a personal opinion and a proposal that is not consistent with the Central Bank Law."   LINK

MilitiaMan:  Then we see this one where they state it again. ~ MM

Parliamentary Finance: The government cannot exchange any dinars against Corona

Committee member Ahmed Hama said in a statement to "Information" that "Law 12/1 (Financial Management) does not give the government the authority to spend any dinars except for employee salaries," noting that "the government cannot spend any money as an emergency payment in the face of Corona."  LINK

MilitiaMan:  So they can't spend any money for the Corona virus, as they haven't imo raised the value of their currency yet. They haven't showed the 2020 budget yet, why? Because they have to raise the value of the currency first. They are now backed into a corner. imo. Not only militarily, economically, neighborly (SA), but, now also by a pandemic. The Central Bank Law is in place to reduce the corruption. The only money allowed now since they have not raised the rate yet, is 1/12th of the last 2019 budget allocations. Thereby, putting the blame on the past and partially present GOI. 

The 2019 Financial Management Law Amendment is needed to be activated to alleviate that. For what ever reason they have had in the past to not do it, has now been neutered, imo.. Try and tell the citizens we cannot help you with the Corona virus because we are not re instating our currency to international standards? More innocent lives lost because of your corruption and greed GOI? That will not be going over well.

In fact there may be proof that they are now be telling us, like Alak at the CBI has in recent past, that they are not going to devalue their currency. No, they are actually telling us they are going to increase the value by what they are doing at this point. The pressure is immense noted by the above and below. ~ MM

He explained that "Baghdad will have to implement massive austerity measures, raid its foreign currency reserves and try to borrow money to bypass this new crisis," warning that "this could lead to a new wave of protests that may be greater than previous protests."  LINK

MilitiaMan:  Now what is there that suggests they are working to re instate? They are openly telling us the negative side of things and with the consequences of them legal or not, thereby, not telling us the positive side of things, until now is very telling. It shows just how complex this process has been in getting data out that is educational with out point blank telling everyone what they are doing, they do so, in a hidden way if you will, imo. By telling us what  harmful things they are not going to do, tells us the opposite would be more likely what they are or will do.  They now are telling us since they cannot borrower money, they cannot print more money but they can go into the secondary market to get money? How is that when they are not on or in the secondary markets with the IQD yet..? ~ MM

Parliamentary Economy: Resorting to the central reserve will not affect the exchange rate of the dinar

- The Central Bank Law does not allow it to lend to the government, whether by printing currency or any other way, direct or indirect, and (read but, imo) it is entitled to deduct treasury transfers, if they are present in the secondary trading market, as it is one of the tools of monetary policy, if it deems it based on data Substantive objective serving the objectives of monetary policy. LINK

Note: "As a medium of exchange, it trades only within the nation of Iraq, which makes it a “soft currency”. Unlike “hard currencies”, like the US dollar or the euro, the Iraqi dinar is not used to settle claims on international markets. This can make the international Iraqi dinar exchange rate uncertain." 

MilitiaMan:  The above suggests they now are ready to go into the secondary markets. And to do so they have to be a hard currency.. Not a soft one. Hard currencies are international currencies with an internationally acceptable exchange rate.. The ISX is under curfew? Why, when they can trade electronically or can they? I'll bet the inter connectivity to the NSDAQ has something to do with it.. They are a secondary market platform, are they not? Starting to get clearer? I sure hope so!! It is sure is a beacon of light, imo.. ~ MM

"The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold."

https://www.nasdaq.com/solutions/private-fund-solutions

Don961:  Trump declares the District of Columbia, which includes Washington, DC a disaster area

Arab and international 03/30/2020 00:18 264    
Baghdad today - follow up

US President Donald Trump declared the District of Columbia, which includes Washington, DC, a disaster area, against the backdrop of the spread of the Coruna virus.

Trump had issued earlier today two decrees declaring Connecticut and Oregon two major disaster areas due to the outbreak of the Corona virus.

He also gave instructions to provide federal budget aid to all affected areas in the two states, according to two White House statements.  LINK

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7-FA:  How the Poor Live

One day, the father of a very wealthy family took his son on a trip to the country with the firm purpose of showing his son how poor people live. They spent a couple of days and nights on the farm of what would be considered a very poor family. On their return from their trip, the father asked his son, "How was the trip?"

"It was great, Dad."

"Did you see how poor people live?" the father asked.

"Oh yeah," said the son.

"So, tell me, what did you learn from the trip?" asked the father.

The son answered, "I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden, and they have a creek that has no end. We have imported lanterns in our garden, and they have the stars at night. Our patio reaches to the front yard, and they have the whole horizon. We have a small piece of land to live on, and they have fields that go beyond our sight. We have servants who serve us, but they serve others. We buy our food, but they grow theirs. We have walls around our property to protect us; they have friends to protect them."

The boy's father was speechless.

Then his son added, "Thanks, Dad, for showing me how poor we are."

KTFA Members "Sunday News" 3-29-2020

KTFA:

Don961:  Benefiting from the crisis ... Is the digital dollar kicking off in the Corona era?

 March 28, 2020 11:36 PM  Mubasher - Ahmed Shawky :

The American administration intends to send checks to citizens within weeks as part of a stimulus package to address the economic consequences of the spread of Corona

But lawmakers have not said anything about what millions of people without bank accounts will do with these checks once they receive them

Writer Morgan Risks answers in an analytical view through Bloomberg Openion that people without American bank accounts will visit the checkout outlets and similar financial companies, as converting the checks into cash will cost up to 3.5 percent of the face value - money that they can Use it to meet the urgent need

This is not just a problem for these families. From the government’s point of view, sending material checks to individuals is costly and ineffective, and in crises time is the key

And when physical spacing is crucial, reducing the need for material delivery - such as checks and dollar notes - will be good for everyone

The solution: We need a digital dollar, a currency that all Americans can use to engage in the economy of the 21st century, and this crisis provides an ideal opportunity to create it

But how is it done ? Congress can give all US citizens the option to receive stimulus funds by opening digital accounts or wallets directly with the Federal Reserve - a proposal that Democrats have adopted in the Corona Response Bill

And the basic infrastructure is already there, because the central bank already provides accounts for different banks and government agencies, these accounts pay attractive interest, with an average of 1.5 percent over the past two years compared to less than 0.1 percent for regular current accounts, and the payments through them are very clear and secure: the Federal Reserve cannot default on Repayment, so deposit insurance is not necessary for both small and large balances

In order to quickly register retail customers (and companies) in new federal accounts, Congress must use private sector banks that already have the necessary internet and customer service systems (in addition to their own accounts at the central bank), and the federal bank can compensate banks for their work as an intermediary until it is available to him Time to develop his own website and support its employees

Benefits of strengthening the digital dollar

"Federal Accounts" will enjoy a wide range of long-term benefits, the most obvious of which is that they will boost financial inclusion because nearly 7 percent of US households lack a bank account, and another 19 percent have a bank account but still depend somewhat on service providers Expensive non-bankers - such as checkout outlets - for payments and other financial needs

Federal accounts will also place these families in the mainstream financial stream, with no fees or minimum balances, and the US money and payments system will become a public infrastructure similar to roads, sidewalks, public libraries, and the justice system

In addition, the Fed's bank accounts will reduce the possibility of future financial crises represented in the collective withdrawal of funds from investors by the system, and the central bank accounts will replace some unstable deposit alternatives such as money market funds and repurchase agreements, where large depositors currently tend to Store their money

And with that money stored safely in the Federal Reserve and always available, these depositors will have no reason to panic and escape, removing a major source of system vulnerability

Central bank accounts will also make the U.S. payment system faster and more efficient, because all payments between accounts will be visible in real time, it will strengthen the Fed’s ability to manage the economy, and interest rate adjustments will be transferred directly to a wide audience rather than just the banks

The American Bank can conduct a "money helicopter" (an expansionary fiscal policy that is funded by increasing the money supply and that involves printing large amounts of money and distributing them to the public in order to stimulate the economy) directly in these bank accounts for emergency stimulus

Consumers and retailers will also benefit because unlike other banks the Federal Reserve will not charge fees to merchants who accept their debit cards

The digital dollar will also maintain the dollar’s ​​position as the dominant global currency - a huge economic advantage for the United States, as China has a digital currency in the pipeline, and Facebook’s “Libra” so the dollar will likely lose its global standing if it does not compete

What about the cost?

 Beyond squeezing financial resources, the Fed's bank accounts will generate government revenue, and the central bank will expand its portfolio of government bonds and loans to banks, whose interest will almost certainly exceed the operating costs of the Fed's accounts. Surplus profits will be returns to the federal government

Certainly, banks may not welcome competition from the Federal Reserve, and the popularity of central bank accounts will reduce their deposits, which are the main source of funds

But the central bank can compensate for this by lending to banks and providing them with ample resources to continue lending to individuals and companies

It's time to bypass the United States' paper currency system and scrutiny, as the digital dollar can help improve the government's emergency response to the current and future crises

The digital dollar will also meet the increasing demand for sovereign digital money   LINK

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DELTA: There are no prices to buy and sell the dollar since 3/17... until today market closed on 17/3/2020 was 121.400...

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Samson:  Al-Rafidain: We have the financial liquidity and we will continue to distribute the employees salaries

09:08 - 29/03/2020

On Sunday, the Rafidain Bank announced that it will continue to pay the salaries of employees and owners of private outlets through its branches located in Baghdad and the provinces.

The bank’s media office said in a statement that it received “the information”, a copy of it, that “the bank has sufficient financial liquidity to distribute the employees’ salaries and the dues of the owners of the outlets offices and other categories without interruption after allocating large amounts of money to feed its branches.”

He pointed out that "the bank pays the employees' salaries through the electronic card and according to the specific times and dates set by each department." LINK

Samson:  World Tourism: 450 billion dollars in future losses

18:25 - 3/28/2020

The World Tourism Organization expected a decrease in the number of tourists in the world by 20% to 30% in the year 2020, due to the emerging Corona virus, after previously forecasting a decline of 1% to 3%.

And the specialized agency of the United Nations, based in Madrid, expected tourism revenues to decline by 300 to 450 billion dollars, or nearly a third of the 2019 revenues of 1.5 trillion dollars, according to Al-Eqtisadiah newspaper. "Tourism is among the most affected economic sectors," Zurab Pololikashvili, the agency's secretary-general, said in a statement, adding, "It is clear that millions of jobs in the sector are threatened."

The agency noted that global tourism declined by 4% during the economic crisis in 2009 and only by 4% in 2003 in the wake of the outbreak of SARS syndrome that killed 774 people around the world. The organization had expected at the beginning of the year that world tourism would grow by 3% to 4%, but had revised its forecast on March 6 due to the rapid outbreak of "Covid 19", and predicted that the decline would reach 1% to 3%.

Since reviewing expectations, more countries have imposed travel restrictions, and more flights have been canceled at a time when world governments are seeking to contain the spread of the virus, which has killed more than 23,000 people worldwide.   LINK

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Iggy:  Polygram Records, Warner Brothers, and Keebler Crackers merge to become Polly-Warner-Cracker.

Iggy:  Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining merge to become Zip Audi Do Da.

Iggy:  "Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?”

Iggy:  An elderly lady was well-known for her faith and for her boldness in talking about it. She would stand on her front porch and shout "PRAISE THE LORD!"

Next door to her lived an atheist who would get so angry at her proclamations he would shout, "There ain't no Lord!!"

Hard times set in on the elderly lady, and she prayed for GOD to send her some assistance. She stood on her porch and shouted "PRAISE THE LORD. GOD I NEED FOOD!! I AM HAVING A HARD TIME. PLEASE LORD, SEND ME SOME GROCERIES!!"

The next morning the lady went out on her porch and noted a large bag of groceries and shouted, "PRAISE THE LORD."

The neighbor jumped from behind a bush and said, "Aha! I told you there was no Lord. I bought those groceries, God didn't."

The lady started jumping up and down and clapping her hands and said, "PRAISE THE LORD. He not only sent me groceries, but He made the devil pay for them. Praise the Lord!"

Frank26 and KTFA Members Saturday Night 3-28-2020

KTFA:

Don961:  On the threshold of the crisis ... conflicting statements in the Prime Minister's Office regarding the issue of financing employee salaries by printing currency

2020-03-28

Yassin Iraq: Baghdad

The issue of printing the Iraqi currency to finance the state budget, which the follow-up cell in the Prime Minister’s Office stated, has caused a great deal of social and economic circles, as Article 26 of the Iraqi Central Bank Law prohibits printing the Iraqi currency, while the economic advisor to the Prime Minister sees the appearance of Muhammad Saleh, The topic is just a suggestion.

Printed currency

The Follow-up Cell revealed, in the Prime Minister’s Office, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month. ), She explained that the salaries of employees amount to 3 billion and a half per month, which may push Iraq to print the currency as a last option, "as the state of the state will be affected starting from next month."

Cell leader Mustafa Jabbar Sanad said in a press statement, "The Corona virus crisis caused the disruption of the economy in general and the oil sector in particular, as global demand for oil decreased by 10 million barrels per day, while it will decrease during the next month by 9 million barrels." "The drop in the world oil price by one dollar means the loss of Iraq's annual budget of one billion dollars."

He pointed out that "among the solutions that the country's government may be heading towards is the printing of the currency," noting that "this is not possible without the presence of a cover of gold and hard currency. However, this option is offered as a last option, as things can go for a month or two." ”

Sanad cited his talk about currency printing that "the United States decided today, through a decision by the Congress, to print the currency at a value of two trillion dollars, which is the first country in the world, but it did not adhere to the issue of currency printing, so how do other countries that depend on the US dollar (referring to Iraq)".

Abdul Mahdi's advisor explains

The financial advisor to the Prime Minister, the appearance of Mohammed Saleh, revealed today, Saturday, Iraq’s options to face the new financial situation, which was imposed on the country after the decline in oil prices and the emergence of the Corona virus, while stressing that the issue of printing an Iraqi currency to avoid the crisis is just an opinion and a proposal.

Saleh said, in a statement, that "a team is working with the Ministerial Council to restructure state expenditures," noting that "our options to confront the financial situation are heading towards pressure expenditures."

He believed that "the issue of printing currency is merely a personal and suggested opinion that is not consistent with the Central Bank Law."

Economist explains

Today, Saturday, the economic expert, Nabil Al-Marsoumi, said that the Central Bank of Iraq Law of 2004 and its amendments prohibit government lending, but it allows him to purchase government securities from the secondary market only and that this is done through the use of a method of deduction of treasury transfers by the central bank as a debt to the bank The owner of the initial deduction, and this leads to an increase in his assets (the rights of the central bank over others), which requires an increase in his liabilities (the rights of others over the central bank) through an increase in the currency in circulation.

And the decree said in an interview to the platform "Yass Iraq" that "this is the same method that was used by the Central Bank of Iraq after the collapse of oil prices in 2014, knowing that the internal debts amount to about 40 trillion dinars representing treasury transfers and bonds discounted with government banks and the Central Bank of Iraq."

He added, Iraq will resort to adopting this method now due to the large deficit in the 2020 budget and to cover the salary gap that may reach $ 15 billion.

The Central Bank of Iraq law does not allow the printing of the currency to finance the deficit in the public budget because this measure would expose the national currency exchange rate to collapse as well as its inflationary effects on the Iraqi economy.  link

DELTA:  THANK YOU DON.........LIKE I SAID LAST NIGHT ON UBTB....

Moparman:  So, they can't borrow money and they can't print money. There are no auctions and they are facing sanctions. The writing is on the wall, they have to Reinstate their currency with enough value to pay their bills.

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Don961:  The World Bank: Many countries will need debt relief

 The world  ,   03/28 2020 11:40  

Baghdad - Iraq today:

World Bank President David Malpas has stated that many countries will need debt relief or restructuring due to the impact of the Corona virus on their economy.

Malbas said that preliminary estimates indicate that the volume of official debt service payments to the World Bank's International Development Association (IDA) for assistance to poor countries is approximately $ 14 billion in 2020, with interest and loan repayment calculations.

Malbas added that the World Bank is currently working with 35 countries to restart existing projects for the purpose of fighting the Corona virus, noting in this regard that projects worth about one billion dollars have been approved.

He also confirmed that he would refer the first 25 projects dealing with the Corona virus to the bank’s board of directors for approval today, adding that its value is estimated at two billion dollars.  LINK

Dan:  It's time for Steve Mnuchin to pump money into infinity into the system.
When it's time for bail outs, then refuse to bail out the banks.
everyone knows the system is broken and it can not be fixed.
It's time to break the evil system run by the Federal Reserve.
Bankrupt the old system, and bring in the new. 
(Hint) there's nothing federal about it. All past presidents have been 
well aware of this problem but lack the stones to take it on.
It's always a matter of being re-elected. 
Truly hope President Trump deals with this monster and slays it.
He would be a hero to kill this well fed monster.

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Iggy:  What's the difference between Dubai & Abu Dhabi?  

People in Dubai don't like the Flintstones……..but people in Abu Dhabi doooooo.

Iggy:  Which side of the chicken has more feathers?
The Outside

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Don961:   Trump: New York is a "hot spot" and quarantine may be imposed in 3 states!

21:46 Saturday 28 March 2020  Baghdad - people  

On Saturday, US President Donald Trump suggested the possibility of imposing a 14-day quarantine on New York State, and possibly New Jersey and Connecticut, after the aforementioned states witnessed an increase in the number of people infected with Coronavirus. 

"I want to impose a quarantine on New York because it is a hot spot, but I rule out the shutdown of the metro in New York City," Trump said during a press conference, followed by "People" today (March 28, 2020).

He added, "I do not know whether the closure will be ended in the country by April 12th."

New York State Governor Andrew Como said Saturday that the number of positive cases in the state was 52,318, while deaths reached 728.

The governor also announced the postponement of the state's primaries, which were scheduled for April 28 until June 23.

Trump headed to Norfolk, Virginia, to attend the launch of a US Navy medical ship scheduled to fly to New York to contribute to the fight against the virus there.   LINK

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Frank26:  3-28-20. Q&A

This video is in Franks opinion

https://www.youtube.com/watch?v=bvXMD_GK7wg&feature=youtu.be

KTFA Members "Saturday News" 3-28-2020

KTFA:

Samson:  The most famous people in the world with Corona

03/27/2020 19:15:03

 British Prime Minister Boris Johnson, whose test result was positive, has become a positive figure among the world's well-known people infected with the emerging coronavirus.

Where many of the famous political, sports and art celebrities have previously attacked the virus and caused the death of some of them, as follows:

- Politicians -

British Prime Minister Boris Johnson announced his infection with the emerging corona virus after he showed "slight symptoms" of the disease, as the British government announced on Friday.

The British Minister of Health Matt Hancock also announced that he had contracted the virus.

Before that, Prince Charles, 71, the British Crown Prince, contracted the emerging coronavirus with mild symptoms of the disease, as his office announced last Wednesday.

On March 19, the Monaco Palace announced that Prince Albert II was infected with the new coronavirus, confirming that he could continue working from his own residence and that his "health condition was not a cause for concern."

The European chief negotiator for Brexit Michel Barnier, 69, also announced that his test result had been positive and that he was HIV-19 infected. But he said his health called for reassurance in a video posted on Twitter.

Canadian Prime Minister Justin Trudeau has placed himself in house isolation for two weeks since March 13, after his wife Sophie Gregoire Trudeau's tests were positive.

German Chancellor Angela Merkel also placed herself in quarantine on Sunday after contacting an infected doctor. The result of the first examination conducted on Monday was negative.

The Finnish presidency announced that the 82-year-old Nobel Peace Prize laureate Martti Ahtisaari was infected with the new Corona virus.

- Artists -

The famous Cameroonian saxophonist Manu Dipango died in France from a 19-year-old Covid injury at the age of 86, according to Thierry Doubert, publisher of the musical artist Agence France-Presse.

American playwright Terence McNally died on Tuesday of complications from being infected with the emerging coronavirus at 81 years of age, his agent told AFP.

Before him, singer Orlos Mabelle, star of modern Congolese rumba, who was infected with the new Corona virus, died on Thursday in Paris.

Young Canadian singer Lenny-Kim announced Saturday that he had contracted the disease.

Also on Sunday, Spanish opera singer Placido Domingo announced his injury, saying he was "in good health."

And US media reported on Sunday that former film producer Harvey Weinstein, who was recently sentenced to 23 years in prison for sexual assault and rape, was infected with the virus.

Tom Hanks and his wife, actress and singer Rita Wilson, the first Hollywood superstar to report their injury on March 12, said they were improving after about two weeks of quarantine in Australia.

Also on March 16, British actor Idris Elba announced that his examination was positive and placed himself in isolation.

The 70-year-old Chilean writer, Luis Cibolveda, who lives in northern Spain, contracted the virus and remains in hospital. He felt the first symptoms on February 25, two days after returning from a literary festival in Portugal.

- Sports World -

Former Real Madrid president Lorenzo Sanz died last Saturday, three days after being hospitalized, as a result of Covid-19.

Several players in the Juventus Torino football team were injured, including French Blaise Matuidi, world soccer champion with the French national team in 2018, who has voluntarily isolated himself at home since March 11, after a positive test result.

Last Saturday, AC Milan announced that legendary former defender Paulo Maldini and his son Daniel had infected the new Corona virus.

In England, Arsenal coach Michael Arteta announced that his test was positive, as was a player from Chelsea.

Turkish soccer player Fatih Terem, Galatasaray coach, was also infected with the virus.

Tests of at least 15 NBA basketball players were positive, including Brooklyn Nets superstar Kevin Durant and French Rudi Goubert (Utah).

The French volleyball team superstar, Arvin Ngapith, was admitted Thursday to the hospital due to the new Corona.  LINK

Samson:  Trump puts reservists on standby

28th March, 2020

US President Donald Trump has signed an executive order authorizing the Secretaries of Homeland and Defense to summon Army and Coast Guard reservists to service, the White House announced.

According to the decision, the two ministers were authorized to issue a summons to reserve soldiers from the army, navy, air force, and coast guard, to serve for up to two years "with a number not exceeding one million individuals in service at any time."    LINK

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Samson:  An attack on the purchase of gold in America in the time of Corona

28th March, 2020

Almost all of the gold offered has been sold in the United States, the Wall Street Journal reported, in a precedent the country had never seen before the global pandemic

The newspaper said today, Saturday, that US investors and bankers faced a severe shortage of gold bars and coins

Credit Suisse Group AG, which has been casting alloys since 1856, informed its clients of not requesting gold ingots to be unable to fulfill their requirements

In Britain, bankers are trying to hire military cargo planes to deliver their gold bars to New York stock exchanges

Wall Street bankers, Business and Finance Street, are also reported to have taken refuge in the Canadian Royal Instrument House for assistance, asking Canada to increase gold production for shipment to the United States

The price of gold futures contracts in the United States increased by about 9 per cent to $ 1.6 thousand per ounce this week, and reached its highest level in seven years

It was reported earlier that negative oil prices rocked the US market, and "Bloomberg" reported that "black gold" producers had to pay extra money to empty the tanks and storage facilities  LINK

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Samson:  Baghdad Operations: Arrest of 3,040 violators of the ban

27th March, 2020
The Baghdad Operations Command announced on Friday that it had arrested 3040 violators of the curfew and seized 612 wheels and bicycles from March 17 to date.

The leadership said in a statement that Mawazine News received a copy of it, "Despite the continuous directions, recommendations and instructions that it is not necessary to leave homes inside the capital, some people deliberately violate this ban, which requires the security forces to take legal measures against them."

She added, "3040 violators have been arrested, while 612 wheels and various motorcycles have been seized. The number of fines has reached 22,950 fine, from March 17 to 27 of the same month."  LINK

Don961:  US report: The Pentagon ordered an escalation of operations in Iraq against Iran-backed 

3/27 2020 16:50:37

 Shafaq News / The American New York Times reported that the Pentagon has ordered the military leaders to plan an escalation of the fighting in Iraq.

The newspaper reported in the report that the ministry issued directives last week to prepare a campaign to destroy an Iranian-backed militia that threatened more attacks against US forces.

The report added that the Supreme Commander of the United States in Iraq warned that such a campaign could be bloody, counter-productive and threaten war with Iran.

The commander, Lieutenant General Robert B. wrote. White, that the new military campaign will also require sending thousands of other US forces to Iraq and distract attention in the fight against ISIS, according to the newspaper.

The report indicated that some senior officials, including Secretary of State Mike Pompeo and Robert C. O'Brien, the National Security Adviser, are pressing for a new aggressive action against Iran and its proxy forces, and see an opportunity to try to destroy Iran-backed militias with the latter preoccupied with the Corona pandemic crisis.

The report quoted US officials as saying Defense Secretary Mark Esber had authorized planning a new campaign inside Iraq - even as the US military downsized its anti-terrorist presence there - to provide Trump options to respond to an escalation of Iranian-backed militias in its attacks against US forces.

The report noted that during the Oval Office meeting on March 19, Trump did not make a decision on whether to authorize the new campaign in Iraq, but it allowed planning to continue, according to US officials.   LINK

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Samson:  The Chinese authorities are partially restarting the Wuhan subway

28th March, 2020

The authorities of the Chinese city of Wuhan announced today, Saturday, that it has partially restarted the city's subway, after it closed for a while due to the outbreak of the new Corona virus.

The authorities said in a statement, "On March 28 at 6:30 am, lines 1,2,3,4,6 and 7. have been resumed for the subway that operates on weekdays from 6.00 to 23.00 on weekends from 6.30 to 23.00." She stressed that "all the subway passengers must wear protective medical masks upon entry and exit and during the transition from one line to another."

It is noted that the metro of Wuhan, China, contains nine metro lines and 228 stops.

The authorities of Wuhan, China, have announced that they will lift restrictions on transportation in the city since April 8.

Wuhan was isolated from the outside world by the outbreak of the epidemic virus on January 23, and transportation in the city, including the metro and buses, was suspended and buses and water transport were prevented from entering the city, in addition to stopping the work of the airport and railway stations, and residents were prevented from Leaving or entering without special permission, and movement around the city is very limited.  LINK

Samson:  Over 500 police officers were injured in New York, Corona

28th March, 2020

New York police announced today, Saturday, the diagnosis of more than 500 of its members with the Corona virus.

And she confirmed that the results of the examination of 442 officers and 70 civil servants in it were positive, in a sharp rise compared to about 350 cases that were announced less than 24 hours ago.

Meanwhile, more than 4.1 thousand New York Police officers are still on sick leave, or about 11.4% of the total number of its employees.

On Thursday, the first death of corona was recorded in New York police, and the victim is a civil servant at the age of 62, while Deputy Chief of Police John Miller was transferred to a hospital in critical condition with symptoms of severe HIV infection.

This came at a time when the United States became the first country in the world to exceed the number of confirmed cases of the Corona virus in 100,000.

The state of New York is the largest epicenter of the virus in the country, with more than 44,000 infections and 450 deaths.  LINK

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Samson:  Corona virus locked half of the world's population in their homes

28th March, 2020

More than three billion people around the world are quarantined in their homes in the face of the rapid spread of the new Corona virus and the World Health Organization has provided some advice to people who perform their work from home. The organization was advised to sit in the right position and verify this from time to time while working from home. She also indicated the importance of taking a break from time to time from sitting and standing during work to maintain physical and mental health.

Most Islamic countries decided to suspend the holding of congregational and Friday prayers in all mosques and chapels, to prevent the outbreak of the new Corona virus. Instructions were directed to "abide by this duty, and to keep performing prayers in their homes and to turn to God Almighty to pray to distract the calamity.

" In the Italian peninsula, the Covid-19 epidemic has killed about a thousand people in 24 hours, in an unprecedented daily count in one country since the beginning of the crisis, raising the total number of deaths in that country to 9134. Spain comes second to the largest number of deaths in the world With more than 4,858 deaths recorded, including 769 in the last 24 hours. But Covid-19 infection continues to slow in the peninsula, hoping that the tough quarantine measures taken two weeks ago will finally lead to results, even if the epidemic has not yet reached its climax.

The number of infections in the United States with the Coronavirus, which causes (Covid 19), is 93,000, and 1,400 deaths. And US President Donald Trump announced today, Friday, that the main reason behind his country's lead in the number of cases of corona in the world is due to the acceleration of the tests. This situation prompted US President Donald Trump to issue a decree obligating the automaker group "General Motors" to produce basic respirators for Covid-19 patients, the number of whom are hospitalized, while these devices are running out weeks after the outbreak of the epidemic.

The latest statistics recorded the total number of people infected with Coronavirus around the world, about 537 thousand people, and the number of deaths exceeded 24 thousand, and the number of people recovered reached about 125 thousand people.   LINK

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Samson:  Italy warns of the collapse of the European Union due to Corona

28th March, 2020

Italian Prime Minister Giuseppe Conti warned today, Saturday, of the fall of the European Union as a collective entity.

Conte called for no serious mistakes to be made during the anti-Corona virus operation in the European continent. Conte indicated during an interview with the Italian "Il Sole 24" website that "failure will leave our children the enormous burden of a devastating economy." He added, "Do we want to be on the level of this challenge? So, to launch a grand plan, a European recovery and reinvestment plan that supports and revitalizes the entire European economy."

Conte added, "More than one disagreement, there was a severe and frank confrontation with German Chancellor Angela Merkel because we are living in a crisis that results in a large number of victims of our citizens and causes severe economic stagnation." "I represent a country that suffers a lot and cannot allow myself to procrastinate," he said, adding that "we must avoid making tragic choices in Europe. If Europe does not prove to be on the level of this unprecedented challenge, the entire European bloc may lose in view Our citizens, the reason for his existence."

Italian Foreign Minister Luigi Di Mayo said on Friday that his country was facing a health and economic emergency resulting from the Corona virus, and that his country was "awaiting loyalty from its European partners." And the Russian military experts, who arrived in the Italian city of Bergamo today, began to provide medical assistance to the citizens, while the Russian Ministry of Defense said in a statement today, Friday: "The Russian military specialists who arrived in Bergamo began practically to fulfill the tasks of assisting the citizens of the Italian Republic.   LINK

Delta, MilitiaMan and more Friday Night 3-27--2020

KTFA:

Samson:  Follow-up cell: The government may resort to borrowing and printing currency to provide salaries

27th March, 2020

The Follow-up Cell in the Prime Minister's Office revealed today, Friday, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month.

The head of the government follow-up cell, Mustafa Sanad, said in a radio statement followed by Mawazine News, that "Iraq's monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars)."

Sanad said, "The salaries of employees amount to 3 and a half billion per month, which may push Iraq to borrow or to print the currency as a last option," as the state of the state will be affected starting from next month.    LINK

Don961: Head of the government follow-up cell: Iraq may resort to printing currency to secure employee salaries .. The crisis will begin early next month

Localities 27/2020 17:59 4836 Editor: gf    Baghdad today - follow up

The Follow-up Cell revealed in the Prime Minister's Office on Friday that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month, while it indicated that Iraq’s monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars), she explained that the salaries of employees amount to 3 billion and a half per month, which could prompt Iraq to print the currency as a last option, "as the state of the state will be affected starting next month."

The cell leader Mustafa Jabbar Sanad said in a press interview that "the crisis of the Corona virus caused the disruption of the economy in general and the oil sector in particular, as the global demand for oil decreased by 10 million barrels per day, while it will decrease during the next month by 9 million barrels." "The drop in the world oil price by one dollar means the loss of Iraq's annual budget of one billion dollars."

And that "the price of a barrel of Iraqi oil fell from 58 dollars in the month of February to 18 - 19 dollars in the current month. This has led to a loss of the budget about 40 billion dollars after it was previously estimated at 90 billion dollars."

 He continued, "The country imports at this price ($ 18), which amounts to two billion dollars per month, of which one billion dollars goes to licensing tour companies (at a rate of 12 billion during the year), so the state treasury remains only one billion dollars, while the salaries of employees amount to 3 and a half billion dollars."

Sanad added, "Iraq receives its sold oil money after 40 days of selling, which means that the salaries of this month are insured from the amounts of oil sold last month before its prices drop in the markets, while the state will resort to other solutions to secure the salaries of the coming months, including selling bonds on banks or borrowing." From foreign or domestic banks. "

He pointed out that "other sectors, such as customs, taxes, etc., which were entering about 6 billion dollars during the year, were also stopped due to the spread of the Corona virus."

The head of the cell lamented that "there is an offer currently from the World Bank worth $ 3 billion, in which the latter stipulates that it should not be spent on the operational budget (salaries), explaining that among the solutions that the country’s government may be heading is to print the currency," noting that "that is not possible Without a cover of gold and hard currency, however, this option is on the table as a last resort, as things can go for a month or two. "

Sanad cited his talk about currency printing that "the United States decided today, through a decision by the Congress, to print the currency with a value of two trillion dollars, which is the first country in the world, but it did not adhere to the issue of currency printing, so how about other countries that depend on the US dollar (referring to Iraq)."

And he added, "The stability of the American economy reflects positively on the stability of the global economy and vice versa, whereas the US economy has experienced major collapses in the last 20 days as the most famous indicator in the world (Dow Jones) has fallen to levels that throughout history have only reached in the Great Depression that It happened in 1929, which then affected all countries of the world. "

He continued, "The American economy has returned to recovery following the request of the US President and the agreement of Republicans and Democrats in Congress to print 2 trillion dollars from the US federal fed as bonds of interest to the American government, after they found that their country's already indebted economy was 20 trillion dollars, 6 trillion dollars of which to China has become The test. "

He added that "the Congressional decision led to historic jumps in market indicators, which led to the revival of the European and Japanese market, as the oil market revived by 3 dollars, which returned to the end of the week as a natural state of oil."   LINK  

Doedee:  among the solutions that the country’s government may be heading is to print the currency," noting that "that is not possible Without a cover of gold and hard currency... 

FAMILY THIS IS HUGE NEWS PLEASE DON'T WALK PASS THIS WONDERFUL ARTICLE!!!! WE'RE SOOOOOO CLOSE TO OUR BLESSING!!! THANKS SAMSON AND DON961!!!!! 

DELTA:  Our valued customers, We would like to inform you that we will be there from Saturday, March 28, 2020, so that you can receive the salaries of the kia card in addition to other services only in the branches listed below.

MilitiaMan:  3-14-2020 ~ MilitiaMan Article: “Reducing the Iraqi dinar exchange rate – determinants and alternatives” This is effectively the opposite of the plan. The why and why not to devalue. …the CBI has explained they are not going to devalue for many reasons. The thing I like is that they use the reasons that support the opposite to occur. They haven’t come this far with the reforms to devalue. They are not of the mind at this juncture to hurt the citizens. That imo would be suicide. They clearly see that revenues are in a pinch with oil down. Therefore, imo with out them saying as much they are saying with out saying they are going to raise the value. The negative side of the equation, is devaluation, the positive side is revaluation, imo.. They have the money printed and ready to go, they have the tools in place to facilitate the transition…imo…

MilitiaMan:  I spoke the above about a week ago now.. Now we see additional data that tells us that an option is on the table to print money? More money to depreciate the value of the IQD? Lol!  I think not!! They are not going to use an option like that at this stage.

The FACT is Alak told us point blank they were not going to devalue the IQD.. By him saying that we can safely deduce that he meant it. CBs are not in the business to lie to the world. They do need to abide by rules and openly lying is not one of them. They have to be trusted.

Just like the failure of our REPO markets of the WORLD today.. No trust between banks begets rot..  Hence the massive injections into that realm of late by the US FED. Massive injections. The amount of money that will be needed to pay for those injections is now on everyone's minds. The markets know where the money is coming from. The average Joe and Janet on the street corner haven't a clue, yet.  Nor can they absorb the totality of just how much 1 trillion USD is worth and what it represents let alone the 2-6 trillion for a band aid only.. The probably need 100s of trillion from past and more present failures.... 

The markets have reset like no other time in my history of watching the markets of over  20 + years. The last time it was reset imo was around 12/2008. There was a reset of sort with the Commodity Channel Index. It was re weighted heavily to oil form other commodities int the CCI basket and no one knew that it was done until months later.

Oil dropped similarly to what we see today, as did gold and other commodities of the time, like we see now.. I am not saying they underhandedly did it again like imo they did back then, as the proof is out that is what they did though back then. This time is some what different and at a far higher level than ever before.. But, the patterns seem to line up.. imo. 

So, now what we know is that Alak is not going to devalue the currency, they have no option now but to revalue the IQD and with a powerful international rate..

As they will be using valuable reserves that will effect their future ability to do things. We know they already printed the NSCNs, they most likely minted coins too.

The CBI is again, not in the business to lose money. They are in it for profit. Now that we see the CBI setting date limits for Salaries when it is the job of the Financial Minister, we can see that a pattern has changed.. They are in a hurry and from the articles of late about paying them and even with  respect to BONDS, should have everyone bug-eyed! imo

This fresher article above from Delta, and the way they will get the money via the Kia cards this weekend.??. Is openly in our faces now.. imo I am liken this and big time.. ~ MM

7-FA:  The King's Highway

 Once a king had a great highway built for the members of his kingdom. After it was completed but before it was opened to the public, the king decided to have a contest. He invited as many as desired to participate. Their challenge was to see who could travel the highway the best.

 On the day of the contest, the people came. Some of them had fine chariots. Some had fine clothing, fine hairdos, or great food. Some young men came in their track clothes and ran along the highway. People traveled the highway all day, but each one, when he arrived at the end, complained to the king that there was a large pile of rocks and debris left on the road at one spot and that this got in their way and hindered their travel.

At the end of the day, a lone traveler crossed the finish line warily and walked over to the king. He was tired and dirty, but he addressed the king with great respect and handed him a bag of gold.

He explained, "I stopped along the way to clear a pile of rocks and debris that was blocking the road. This bag of gold was under it all. I want you to return it to its rightful owner."

The king replied, "You are the rightful owner."

The traveler replied, "Oh no, this is not mine. I've never known such money."

"Oh yes," said the king, "you've earned this gold, for you won my contest. He who travels the road best is he who makes the road smoother for those who will follow."

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