Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Good Evening Dinar Recaps,
We have three countries making Monetary Policy shifts to their currencies. Each of these shifts involves a lesser dependence upon the dollar. Movement into their own local currency backed by the integration into a Digital Gold Backed International Standard will enable them to strengthen their currencies' values going forward.
Nigeria has just filled out an application to join the BRICS Nations. They have already moved their currency to a supply and demand policy enabling them to trade their currency on the local level with other nations.
Nigeria has a huge supply of oil to trade that will collateralize their currencies' movement into the BRICS Nations and trade with Saudi Arabia under the guidelines of a local currency trade policy.
Israel is going digital. They are currently in a pilot study to determine policy changes to their currency. Currently, the Israeli shekel can be owned by private VIP persons and Institutions at this time, but their shift into a new digital economy is forthcoming once this sandbox test determines new regulations for their distribution.
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Good Evening Dinar Recaps,
We have three countries making Monetary Policy shifts to their currencies. Each of these shifts involves a lesser dependence upon the dollar. Movement into their own local currency backed by the integration into a Digital Gold Backed International Standard will enable them to strengthen their currencies' values going forward.
Nigeria has just filled out an application to join the BRICS Nations. They have already moved their currency to a supply and demand policy enabling them to trade their currency on the local level with other nations.
Nigeria has a huge supply of oil to trade that will collateralize their currencies' movement into the BRICS Nations and trade with Saudi Arabia under the guidelines of a local currency trade policy.
Israel is going digital. They are currently in a pilot study to determine policy changes to their currency. Currently, the Israeli shekel can be owned by private VIP persons and Institutions at this time, but their shift into a new digital economy is forthcoming once this sandbox test determines new regulations for their distribution.
And Japan, they are finally moving from negative rates to positive rates. A country's currency will rise in value when interest rates are allowed to move into positive interest flows. Because higher rates will attract more foreign capital, capital inflows result in a buildup of foreign exchange reserves.
The build-up of foreign exchange reserves will allow their country to purchase their own domestic currency at a favorable value.
A diversified portfolio of currencies held within a country minimizes risk should challenges to the World Economy begin to take shape.
"The Japanese Basel framework is compliant with the Global Standard agreed by the Basel Committee." Their implementation of Basel 3 compliance is expected to begin on March 31st, 2024.
Japan's full implementation into Basel 3 compliance will enable them to ride the waves of change as our Global Economy becomes more and more of a Digital Gold Standard through the continued expansion of Protocol 20 inside a Digital Economy.
© Goldilocks
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ERBIL, Kurdistan Region - "Ali Mohsen al-Alaq, Governor of the Central Bank of Iraq (CBI), said on Thursday that the US has agreed to review recent sanctions on Iraqi banks, adding that in the future, similar punitive measures will be taken in consultation with Baghdad."
Do you see what is happening? Iraq is beginning to assume their own Sovereignty going forward. These US sanctions have kept Iraq from moving forward with their economic reforms on the International level, and now, we are witnessing final reviews of Iraq's sanctions.
Once these are released, Iraq will be able to move forward with many of the rest of their economic reforms to connect with other countries on the International stage in trade and development.
The ability for Iraq to move freely within their own banking system will give Iraq currency ranges to work from in determining exchange rates between other countries.
The ability to trade in Iraqi Dinars instead of the dollar will give them purchasing power and control going forward. RUDAW
© Goldilocks
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BREAKING NEWS
RUSSIAN FINANCE MINISTER SAYS THE BRICS GROUP OF NATIONS CAN EVENTUALLY SWITCH TO A NEW PAYMENT SYSTEM BASED ON DIGITAL CURRENCIES OR USE BLOCKCHAIN
There it is. It's all out in the open. Read: Gold Telegraph
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Migrants Could Get $500 a Month Under New Bill | Newsweek
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US Banks See Large Deposit Inflows As Bailout Fund Expires, RRP Liquidity Plunges | ZeroHedge
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SEPA Payment System for the Euro Zone Announcement:
Migration of the SEPA payment schemes to the 2019 version of ISO 20022 postponed to Sunday 17 March 2024
Since the end of March 2023, the European Payments Council (EPC) has closely monitored the SEPA payment scheme participants’ preparations to migrate the four SEPA payment schemes (i.e. the SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit Core (SDD Core) and SDD Business-to-Business (SDD B2B) schemes) to the 2019 version of the ISO 20022-based XML messaging standard, originally envisaged for 19 November 2023.
This means that all four 2023 SEPA payment scheme rulebooks and related implementation guidelines (IGs) will enter into force on Sunday 17 March 2024.
With respect to the entry-into-force time of the 2023 SCT Inst scheme rulebook, it is now set at Sunday 17 March 2024 at 03H30 CET. This new entry-into-force time will be preceded by a SEPA-wide 30-minute downtime period from 03H00 CET up to 03H30 CET.
SEPA payments are cashless payments in Euro currency that are processed via the Single Euro Payments Area network to facilitate cross-border bank transfers in 36 Eurozone and non-euro area countries. The SEPA payment method makes cross-border transfers fast and cost-effective.
European Payments Council Tipalti
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BRICS Unites Against Dollar: Russia's Move to Embrace DFAs | Crypto News Flash
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Crucial Russian sovereign bond payment received by JPMorgan, processed -source | Finance Yahoo
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SILVER RED ALERT! 76.3Moz of Silver Imported by India in FEBRUARY!! Game Over RIGGERS! (Bix Weir) | YouTube
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Evidence is mounting that many Americans have reached their limit for tolerating higher prices, raising questions about how much consumer expenditures will continue to power US economic growth this year. West Observer
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World Shipping Council Announcement:
A new cargo safety program is being implemented by the World Shipping Council to promote safety features added to the new digital platform for the shipment of dangerous goods being sailed across the waters. The National Cargo Bureau will be heading up these new initiatives. India Shipping News
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Digital Markets Act Announcement:
Following the EU’s continued doubling-down on the implementation of the Digital Markets Act (DMA), it looks like Google has finally begun giving Pixel users an option to change the default search engine on their phones, based on a new report online. PH Android
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BIS’s New Global Agenda: Tokenization and Digital Ownership of Your Assets | YouTube
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Swiss digital identity law approved by parliament lower house | Biometric Update
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I understand that many people come to this room in hopes of being able to discuss some of their ideas. It's just not that kind of room due to the fact that there are many false narratives at play during the end game.
I keep it this way for a reason. There are a lot of people out there looking for dates and rates and supporting narratives that will give them encouragement for what they are looking for in the near term. I just don't want to put you through all of that and mix up your mind and emotions with thoughts that don't need to be inside you.
I will let you know when I see rate changes. And, I do have very high sources that will enable me to give you that information as soon as it comes out. It costs you nothing to be in this room, but I do hope you do your own research after I make comments in the links that are provided for you.
You will find that I have a reason to say what I say to you coming from sources such as digital developers on the new economy, government resources, lawyer resources, Banking resources, and trading resources. These are the sources of information that will let us know what is being done behind the scenes for us to get to that exchange rate process.
Have a wonderful Sunday, my friends.
© Goldilocks
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I have noticed that a great interest in my sources of information provided for you the last two and a half years is growing in this room and my Goldilocks Highlights room. When you put the two rooms together, there are over 13,000 people who come to look for this information on a daily basis.
Dee, my friend, has put this information out for a very long time. Her commitment to sharing truthful information with many of you has been met with great energy and effort. Thank You Dee. Your tireless efforts are a great encouragement for me.
This is not counting what the Q&A Room does in explaining and breaking down this information in that room along with the Truth Teller Room on Telegram. Freedom Fighter is a man who clearly wants people to have information that will provide empowerment to their well-being and financial success.
I want to thank Freedom Fighter for all the work that he does to keep these rooms going along with him and Jester who provide quality information beyond what I say on Saturday Night Live.
Jester has proven himself to be accurate in his findings and revelations from his high-level sources on what is going on in the Global Economy for years. He has a couple of rooms here on Telegram, but the one I am most aware of is his Jester's Intel Hub. You have been my inspiration for a very long time my friend.
And most of all, none of this growth would have been possible without Salty Toes who runs the Seeds of Wisdom website bringing all of us together as a group of teachers willing to share insights on what we know.
The Seeds of Wisdom Team recently had a contest to help others in need of care. It involved all of the people who are leaders in sharing information from this group. The following list is made up of those who share information from the Seeds of Wisdom Team.
The results are as follows:
THE LIVING ROOM W/ ELEPHANT IN THE ROOM WHO WINS BY A NOSE
2nd Texas Snake
3rd Q&A w/ Freedom Fighter
HONORABLE MENTION
* 4th - Goldilocks
* 5th - Back to Basics
* 6th - Bob Lock
* 7th - Isaac
* 8th - Jesters Hub
* 9th - Pets
* 10th - Prayers & Encouragement
* 11th - Okie
I am told that Elephant in the Room only one this race because she outstretched her long nose at the finish line. 😉
© Goldilocks
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Iraqi News Highlights and Points to Ponder Sunday AM 3-17-24
Iraqi News Highlights and Points to Ponder Sunday AM 3-17-24
The Iraqi Dinar Recovers Against The Dollar In Local Markets
Baghdad today - Baghdad Today, Sunday (March 17, 2024), the exchange rate of the dollar against the Iraqi dinar recorded a noticeable decline, reaching 149 thousand for every 100 dollars.
The "Baghdad Today" correspondent said, "The exchange rate of the dollar today, on the Al-Kifah and Al-Harithiya stock exchanges, reached 149,900 dinars for every 100 US dollars."
He added, "As for the exchange rate in the banking offices in the capital, Baghdad, the selling price reached 151,000 dinars per 100 dollars, and the purchase price reached 149,000 dinars per 100 dollars."
Yesterday, Saturday, the exchange rate of the dollar on the Baghdad Stock Exchange reached 150,000 dinars for every 100 dollars, while in Basra Governorate it reached 150,100 dinars, and in Erbil it reached 150,150 dinars. LINK
Iraqi News Highlights and Points to Ponder Sunday AM 3-17-24
The Iraqi Dinar Recovers Against The Dollar In Local Markets
Baghdad today - Baghdad Today, Sunday (March 17, 2024), the exchange rate of the dollar against the Iraqi dinar recorded a noticeable decline, reaching 149 thousand for every 100 dollars.
The "Baghdad Today" correspondent said, "The exchange rate of the dollar today, on the Al-Kifah and Al-Harithiya stock exchanges, reached 149,900 dinars for every 100 US dollars."
He added, "As for the exchange rate in the banking offices in the capital, Baghdad, the selling price reached 151,000 dinars per 100 dollars, and the purchase price reached 149,000 dinars per 100 dollars."
Yesterday, Saturday, the exchange rate of the dollar on the Baghdad Stock Exchange reached 150,000 dinars for every 100 dollars, while in Basra Governorate it reached 150,100 dinars, and in Erbil it reached 150,150 dinars. LINK
For The First Time In 2024.. Exchange Rates Fall To The Threshold Of 149 Thousand In Baghdad
Money and business Economy News – Baghdad The dollar exchange rates recorded, in Iraqi stock exchanges, during Sunday’s trading, a decline, the first of its kind during the current year.
The exchange rates at the Al-Kifah and Al-Harithiya stock exchanges in the capital, Baghdad, reached 149,900 dinars for every 100 dollars, while in Basra, they stabilized at the 150,000 mark.
In the governorates of the Kurdistan region, exchange rates reached 150 thousand dinars for every hundred dollars... Views 104 03/17/2024 - https://economy-news.net/content.php?id=41558
Parliamentary Finance Calls On The Government To Expedite Sending The 2024 Budget To Parliament
Economy 11:37 - 2024-03-17 The Parliamentary Finance Committee called on the government to expedite sending the budget to the House of Representatives, especially since its schedules have not undergone any change and its chapters are fixed, indicating that the delay is blamed on the government and thus reflects negatively on the performance of the ministries.
Committee member, Faisal Al-Naeli, said in a press interview: “The budget schedules for 2024 were long overdue, and it would have been better for them to reach the House of Representatives at the beginning of this year, especially since the items are fixed and remaining and no discussion or change has occurred to them, only the schedules that included financial allocations.” For the items that were confirmed in the 2023 budget.
He believed that "the delay is blamed on the government, and all ministries that depend on operating the budget are basically at a standstill." Al-Naili called on “the government to send all the budget schedules, complete and calculated accurately, so that they are not returned to the Council of Ministers and take time to change, delete, and add,” indicating that “the House of Representatives is ready to discuss the budget as soon as it arrives and complete the approval of its schedules.” https://kirkuktv.net/AR/Details/20039
Parliamentary Finance: Delaying the budget had a negative impact on the performance of the ministries
The first 03/17/2024 The Parliamentary Finance Committee called on the government to expedite sending the budget to the House of Representatives, especially since its schedules have not undergone any change and its chapters are fixed, indicating that the delay is blamed on the government and thus reflects negatively on the performance of the ministries. Committee member Faisal Al-Naeli said in an interview with Al-Sabah:
“The budget schedules for the year 2024 were long overdue, and it would have been more effective for them to reach the House of Representatives at the beginning of this year, especially since the items are fixed and remaining and no discussion or change has occurred to them, only the schedules that It included financial allocations for items that were confirmed in the 2023 budget.
He believed that "the delay is blamed on the government, and all ministries that depend on operating the budget are basically at a standstill."
Al-Naili called on “the government to send all the budget schedules, complete and calculated accurately, so that they are not returned to the Council of Ministers and take time to change, delete, and add,” indicating that “the House of Representatives is ready to discuss the budget as soon as it arrives and complete the approval of its schedules.” Edited by: Wael Al-Maluk https://alsabaah.iq/93580-.html
A Representative Holds Kurdistan Responsible For The Faltering Legislation Of The Oil And Gas Law
Information / Baghdad.. Member of the Parliamentary Oil, Gas and Natural Resources Committee, Kazem Al-Touki, confirmed today, Sunday, that the approval of the oil and gas law has been stalled due to the high ceiling of claims of the Kurdistan Regional Government.
Al-Touki told Al-Maalouma, “The high ceiling of the region’s demands has hindered the approval of the oil and gas law in the House of Representatives, as some technical points have turned into political points.”
He added, "The regional government is obligated to sit at the dialogue table to legislate the oil and gas law, as it is one of the important laws."
He continued, "The Oil Law aims to regulate the relationship and operations of extracting oil and gas in Iraq, as well as the financial relationship with regard to the dealings of regions and governorates not affiliated with the central government." LINK
Provoking Points to Ponder on Decisions
We are not permitted to choose the frame of our destiny. But what we put into it is ours. - Dag Hammarskjold
There is a point at which everything becomes simple and there is no longer any question of choice, because all you have staked will be lost if you look back. Life's point of no return. - Dag Hammarskjold
Optimism is an intellectual choice. - Diana Schneider
The lame man who keeps the right road outstrips the runner who takes a wrong one ... the more active and swift the latter is, the further he will go astray. - Francis Bacon
Nothing is more difficult, and therefore more precious, than to be able to decide. - Napoleon Bonaparte
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Currency Insider Iraqi Dinar - Dong Saturday Evening 3-16-24
Currency Insider Iraqi Dinar - Dong Saturday Evening 3-16-24
Iraqi dinar at higher rate $2.85 – 2:42
CBI Governor Al-Alaq New Statement About Rate update – 3:05
Vietnam Dong Price Massive Drop Against USD – 1:05
Currency Insider Iraqi Dinar - Dong Saturday Evening 3-16-24
Iraqi dinar at higher rate $2.85 – 2:42
CBI Governor Al-Alaq New Statement About Rate update – 3:05
Vietnam Dong Price Massive Drop Against USD – 1:05
Iraqi dinar at higher rate $2.85 – 2:42
CBI Governor Al-Alaq New Statement About Rate update – 3:05
Vietnam Dong Price Massive Drop Against USD – 1:05
Global Financial Institutions Participate in Large-scale Blockchain Pilot Test
Global Financial Institutions Participate in Large-scale Blockchain Pilot Test
Saturday, 16 March 2024, 21:37 PM
Since the Canton Network’s inception, 155 participants from 45 major organizations have settled real-world assets across 22 blockchains. Current participants of the Canton Network include Deloitte, Deutsche Börse, Microsoft, Moody’s and S&P Global.
Major financial institutions, including Goldman Sachs, BNY Mellon and Cboe Global Markets, have completed a large-scale pilot test using blockchain technology.
According to a March 12 Bloomberg report, institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network, which was launched in May 2023 by startup Digital Asset Holdings. The pilot test included 15 asset managers, 13 banks, four custodians, three exchanges and the stablecoin issuer Paxos Trust.
Global Financial Institutions Participate in Large-scale Blockchain Pilot Test
Saturday, 16 March 2024, 21:37 PM
Since the Canton Network’s inception, 155 participants from 45 major organizations have settled real-world assets across 22 blockchains. Current participants of the Canton Network include Deloitte, Deutsche Börse, Microsoft, Moody’s and S&P Global.
Major financial institutions, including Goldman Sachs, BNY Mellon and Cboe Global Markets, have completed a large-scale pilot test using blockchain technology.
According to a March 12 Bloomberg report, institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network, which was launched in May 2023 by startup Digital Asset Holdings. The pilot test included 15 asset managers, 13 banks, four custodians, three exchanges and the stablecoin issuer Paxos Trust.
In its announcement the same day, the Canton Network said that 155 participants from 45 major organizations have since demonstrated settlement across 22 permissioned blockchains connected to its ledger. The firm stated:
“Over a four-day period, participants were invited to try 22 dApps comprising five fund registries, five cash registries, three bond registries, three trading, four margin, and two financing apps, to exchange tokenized securities, money market funds, and deposits across applications.”
The Canton Network is a privacy-enabled interoperable blockchain network designed for institutional investors. In part, the blockchain allows financial institutions to move regulated assets, data and cash between each other in real time.
“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”
Current participants of the Canton Network include Deloitte, Deutsche Börse, Microsoft, Moody’s and S&P Global.
Over the past year, tokenization has garnered significant interest from institutional investors and celebrities alike. On Feb. 7, the Hong Kong subsidiary of Swiss multinational bank UBS tokenized an options call warrant of Chinese smartphone giant Xiaomi’s stock on Ethereum together with local crypto exchange OSL.
A few weeks later, Argentine soccer legend Lionel Messi announced the release of a tokenized product in partnership with Join The Planet, an environmental nonprofit organization behind the PLANET token.
"Tidbits From TNT" Sunday 3-17-2024
TNT:
CandyKisses: A representative stresses the importance of legislating the law on removing foreign forces
Information / Baghdad..
Today, Sunday, a member of the House of Representatives, MP Muhammad Al-Ziyadi, stressed the necessity of legislating a law to remove foreign forces from Iraq.
Al-Ziyadi told Al-Maalouma, "The removal of foreign forces of all types and names has become a national demand, and that legislating the law to remove these forces is binding on all political forces, and it is not limited to a specific group or component."
He added, "The presence of these forces in Iraq violates national sovereignty, so legislating the law to remove foreign forces has become a national necessity."
TNT:
CandyKisses: A representative stresses the importance of legislating the law on removing foreign forces
Information / Baghdad..
Today, Sunday, a member of the House of Representatives, MP Muhammad Al-Ziyadi, stressed the necessity of legislating a law to remove foreign forces from Iraq.
Al-Ziyadi told Al-Maalouma, "The removal of foreign forces of all types and names has become a national demand, and that legislating the law to remove these forces is binding on all political forces, and it is not limited to a specific group or component."
He added, "The presence of these forces in Iraq violates national sovereignty, so legislating the law to remove foreign forces has become a national necessity."
He pointed out that "the political forces have authorized the Sudanese government and granted it full powers to manage discussions with the international coalition led by the United States of America to schedule the withdrawal, stressing the importance of "legislating the law to be supportive of the government in its negotiations."
CandyKisses: Strike in Sulaymaniyah traffic due to delayed payment of salaries
Baghdad Today - Sulaymaniyah
An informed source reported on Sunday (March 17, 2024) that Sulaymaniyah governorate traffic employees boycotted work due to the delay in paying their salaries.
The source said in an interview with "Baghdad Today" that "according to information, the employees of the Sulaymaniyah Traffic Directorate announced, this morning, a strike from work."
"The reason for the boycott is the delay in the payment of their salaries, despite the money being sent by Baghdad," he said.
This strike is not the first of its kind, as the employees of the Sulaymaniyah Traffic Directorate announced, on Sunday (January 28, 2024), a strike from work, and the work and transactions of citizens have stopped, due to the non-payment of salaries.
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CandyKisses: Within a week. Iraq's oil exports to the US decline
Economy News - Baghdad
The U.S. Energy Information Administration announced on Sunday that Iraq's oil exports to the United States have declined over the past week.
"The average US imports of crude oil during the past week from 8 major countries amounted to 4.691 million barrels per day, down by one million and 92 thousand barrels per day from the previous week, which amounted to 5.783 million barrels per day," a management table showed.
"Iraq's oil exports to the United States amounted to 93,000 barrels per day last week, down by 83,000 barrels per day from the previous week, which amounted to 176,000 barrels per day," she said.
"The most oil revenues for America during the past week came from Canada at a rate of 3.458 million barrels per day, followed by Mexico with an average of 303,000 barrels per day, and from Brazil at a rate of 272,000 barrels per day," the administration said.
According to the table, "the amount of US imports of crude oil from Saudi Arabia was at a rate of 265,000 barrels per day, from Nigeria at a rate of 132,000 barrels per day, from Ecuador at a rate of 102,000 barrels per day, and from Libya at a rate of 66,000 barrels per day."
According to the table, the United States did not import any quantity from Colombia and Russia.
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CandyKisses: Investment confirms the adoption of a new method in new residential cities and clarifies its details
Economy News - Baghdad
The National Investment Authority confirmed that Prime Minister Mohammed Shia Al-Sudani provided full support to Hanwa Company for the completion of the city of Bismayah, and while it counted the new housing projects to be established in Baghdad, it confirmed the adoption of a new method and clarified its details.
The official spokesman for the National Investment Commission, Muthanna Al-Ghanmi, said in a statement reported by the official news agency, and seen by "Economy News", that "the Commission signed a contract with the Korean Hanwha Company under the auspices of Prime Minister Muhammad Shia Al-Sudani to complete the city of Bismayah, and this contract was a gateway to the real start of the return of business within the city," indicating that "the city is considered one of the largest development and investment projects in Iraq and includes more than 100 thousand housing units."
He added that "the number of inhabited units is 20,000 units," noting that "there are 9,480 new housing units distributed ready-made and completed to citizens, and the number of 1,440 units remained, of which more than 8,000 units."
He stated that "the authority announced in more than one meal the names of those eligible to receive these housing units for applicants to purchase units in the years 2021, 2022, the first month and the second month of 2023," explaining that "the company's president provided the Prime Minister with full readiness to complete the new housing units, which number 70,000 housing units."
He stressed that "meals will be announced from the names of those eligible successively, up to the last housing unit of the final total of more than 8,000 housing units currently working on," noting that "after that we will move to the new contract for the implementation of 70,000 housing units and thus complete the picture with a hundred thousand housing units for the Bismayah city project."
He stated that "Hanwa Company has solid projects and works in several countries, through the establishment of units and major projects in the residential and non-residential sector and even electric power plants through waste incineration technology and investment," pointing out, "It is one of the companies that entered Iraq at a difficult time and deserves all support, as the Prime Minister pledged to support this company as long as there is achievement, accuracy and great satisfaction by citizens."
He pointed out that "the residential city of Al-Jawahiri was announced, and the National Investment Commission announced last June the city of Ali Al-Wardi, where the tenders were opened last August, and were referred to the companies that won the bids and analyzes according to the conditions and specifications mentioned in the announcement."
"There are residential cities announced in Baghdad, namely Bismayah, New Sadr City, New Jawahiri City and New Ali Wardi City, as well as 15 cities distributed across all provinces from north to center and south," he said.
He stressed that "the National Investment Commission will announce investment opportunities immediately after the completion of the procedures related to surveys, land acquisitions and auditing," pointing to "the adoption of a new investment method by the Prime Minister and the Chairman of the National Investment Commission in new residential cities, including the city of Ali Al-Wardi, which will include from 120 to 150 thousand housing units, as it will grant 25 percent of its units to the state for free, including it will be distributed to citizens in two parts, either free of charge for vulnerable and vulnerable groups, and another part in installments over a long term of 20-25 One year, while the rest of the housing units will be for the investor and the company."
He stated that "the state will intervene by setting prices to prevent the process of speculation and gain at the expense of the citizen," noting that "this method has not been raised since the establishment of the Investment Authority and the legislation of its law in 2006
Mot: May The Road Rise Up To Meet You !!!!.................
Mot: Recently at an Irish Wedding...........
Mot: Conventional Irish Wisdom!!!!...................
Frank26: ""THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES."
KTFA:
Frank26: "THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!!".........F26
An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel
3/15/2024
The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.
Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”
KTFA:
Frank26: "THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!!".........F26
An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel
3/15/2024
The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.
Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”
He stressed "the need to establish quick, firm and convincing measures."
Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices."
From: Raghad Dahham LINK
Frank26: "EVEN THOSE THAT WERE AGAINST THE MONETARY REFORM ARE NOW FORCED TO TELL THE TRUTH!!!"..........F26
After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar
March 14, 2024 Baghdad
Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens, and address the deficit.”
For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.
Frnk26\ FAMILY... ALAQ IS ALSO TALKING ABOUT 1.32 & THE LOWER NOTES -F26) LINK
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Frank26: "KTFA FAMILY... BEHOLD... TODAY ALL THEY TALK ABOUT IS THE 1.32 & THE INTRODUCTION OF THE LOWER NOTES!!! FINALLY... THE SOUND HEARD AROUND THE WORLD!!!".............F26
Among them concerns the dinar... the outcomes of Parliament’s finance meeting with the Central Bank
03/14/2024 Baghdad
Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
The Media Department of the House of Representatives stated in a statement received by Al-Eqtisad News, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee expressed its "aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens and address the deficit."
For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. LINK
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Frank26: "THIS IS ALL THEY'RE TALKING ABOUT INSIDE OF IRAQ... ADDING VALUE TO THEIR CURRENCY!!!"........F26
Central Bank Governor: Establishing basic rules to monitor the remittance process
3/14/2024
The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
The Media Department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. LINK
Frank26: "BEFORE THE DC TRIP... THE CBI & THE US TREASURY HAVE AN UNDERSTANDING"..........F26
The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates “illegal trade”
3/14/2024
On Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an understanding with the US Treasury Department to reconsider the sanctions imposed on Iraqi banks, indicating at the same time “illegal trade” that causes the stability of the dollar exchange rate.
Al-Alaq said during his stay in the Parliamentary Finance Committee, according to a statement received by Shafaq News Agency, that “basic rules have been established in order to monitor the process of external and internal transfers, attributing the instability of the exchange rate to the existence of illegal trade carried out by small merchants and some speculators, which is financed by withdrawing the dollar.” Cash from the market.
He added, "The foreign sanctions imposed on a large number of our local banks have hindered efforts and plans to open relationships and lines of communication with accredited international correspondent banks," pointing to "continuous meetings with the US Treasury, and an understanding was reached to reconsider the sanctions imposed on Iraqi banks, and that Such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it is responsible for monitoring its activity.”
He explained, “We are currently coordinating with the relevant authorities regarding the implementation of the plan to regulate foreign trade,” noting that “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.” LINK
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Frank26: "I AGREE WITH THIS... BECAUSE IN MY OPINION A NEW EXCHANGE RATE IS COMING IN THOSE DAYS.".........F26
Al-Kadhimi: We are waiting for the Council of Ministers to vote on the 2024 budget schedules and send them in the coming days
3/15/2024
Today, Friday, the Parliamentary Finance Committee commented on Finance Minister Taif Sami’s announcement that data related to the 2024 budget schedules would be sent to the Council of Ministers.
Committee member Moeen Al-Kadhimi explained, in a press statement, followed by NRT Arabia, that “the Ministry of Finance sending data on the 2024 budget tables to the Council of Ministers means that its mission has ended and we are waiting for the Council of Ministers to vote on these tables and send them within the next few days.”
Al-Kadhimi added, “The Council of Ministers will speed up sending these tables to the House of Representatives, and we in turn will have access to them, and some amendments may be made to them, if there are any observations, and we cannot view these data, except after they officially arrive from the Council of Ministers.” “After he approves it.”
Last Wednesday, the Minister of Finance, Taif Sami, announced the completion of data related to the 2024 budget tables, the inclusion of texts, and sending them to the Council of Ministers.
Sami said, “The data related to the 2024 budget tables has been completed, the texts have been included, and they have been sent to the Council of Ministers.”
She stressed that she "will not launch funding for the salaries of Kurdistan Region employees for the month of March until after resettlement, and I do not disagree with the decision of the Federal Court."
The Prime Minister, Muhammad Shiaa Al-Sudani, announced on February 20 that “the government is continuing to scrutinize the schedules for the 2024 budget, as the government carefully confronted the deficit within the 2023 budget.” LINK
News, Rumors and Opinions Sunday AM 3-17-2024
Stock Market Crash Alert for March 20
Sunday, 17 March 2024, 0:18 AM
All eyes are on the Fed ahead of its March policy meeting
By Shrey Dua, Investor Place Assistant News Writer
Wall Street is abuzz ahead of the March Federal Reserve policy meeting, set for March 19 through March 20.
With inflation proving stubborn and the labor market holding strong, the Fed is expected to hold rates steady.
The central bank will likely shed light on its anticipated rate-cut schedule as it approaches the middle of 2024.
Stock Market Crash Alert for March 20
Sunday, 17 March 2024, 0:18 AM
All eyes are on the Fed ahead of its March policy meeting
By Shrey Dua, Investor Place Assistant News Writer
Wall Street is abuzz ahead of the March Federal Reserve policy meeting, set for March 19 through March 20.
With inflation proving stubborn and the labor market holding strong, the Fed is expected to hold rates steady.
The central bank will likely shed light on its anticipated rate-cut schedule as it approaches the middle of 2024.
Fears of a stock market crash are swirling ahead of the Federal Reserve’s upcoming Federal Open Market Committee (FOMC) meeting, set for March 19 through March 20. Indeed, economists and analysts have been waiting for the second policy meeting of the year as high interest rates continue to bear down on the economy.
What should you expect this time around?
Well, not a rate cut. Despite the pleas of much of Wall Street, the central bank is expected to hold rates steady next week, as inflation proves more stubborn than expected.
The Consumer Price Index (CPI) and Producer Price Index (PPI) reports — released on March 12 and March 14, respectively — showed hotter-than-expected inflation. That is suggesting the final leg of the war on inflation may prove difficult.
With inflation still above the Fed’s long-stated 2% goal, it’s unlikely for the central bank to move to lower rates, especially with the economy holding strong in most regards.
In fact, the strength in the labor market so far this year has given the Fed even more leeway to hold off on cutting rates for a bit longer without fear of economic repercussion.
The February jobs report, released last week, showed the economy added 275,000 nonfarm payrolls, notably above the forecast for 200,000 jobs. This put unemployment at 3.9%.
What Does the Fed Meeting Mean For a Stock Market Crash?
According to the CME FedWatch Tool, the Fed has just a 1% chance of cutting rates at the March policy meeting. Unfortunately, the tool also only estimates a roughly 8% chance of a rate cut at the following Fed meeting set for May 1.
With the benchmark rate between 5.25% and 5.5%, investors and businesses may have to bear with restrictive interest rates for a while longer. That said, unless there is a notable shift in economic data, you can expect rate cuts to come in June or July. Indeed, the CME Group estimates a more than 50% chance of a rate cut in June and about a 75% chance of a rate cut in July.
High interest rates typically encourage economic contraction in the form of higher unemployment, reduced consumer spending, limited production growth and (perhaps most notably) slowed price growth. As such, Wall Street has been holding out hope for lower interest rates since Fed Chair Jerome Powell hinted at three or more rate cuts to come this year back in December 2023.
In recent weeks, Powell has repeatedly stated that members of the central bank are still waiting for “more good data” to justify lowering rates.
“In considering any adjustments to the target range for the policy rate, we will carefully assess the incoming data, the evolving outlook, and the balance of risks,” Powell told Congress earlier this month. “The Committee does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.”
On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Shrey’s articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more.
Source: Investor Place
https://dinarchronicles.com/2024/03/17/stock-market-crash-alert-for-march-20/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 It sure looks like it's happening in the next five minutes doesn't it? I need you to be realistic. This is the Middle East. Yes, what you're reading [Articles] is past tense. What they're doing is implementing it with the banks around the world.
Mnt Goat ...the Chairman of the Finance Committee stressed, and I quote: “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” What they are basically telling the CBI is to follow up and move more aggressively on this issue of increasing the value of the dinar...I believe there is enormous pressure to get the dinar revalued and conduct the 3 zero note changeout (The Project to Delete the Zeros).
Iraq to Join WTO + Iraq Recovers Billions of Dinars in Corruption Cases
Edu Matrix: 3-16-2024
Iraq has completed paperwork to join WTO, plus Iraq recovers billions of dinars in corruption cases, including US cash and expensive jewelry. What is the WTO and why is it so important for Iraq to become a member.
Is The Economy Getting Destroyed? Will Inflation Return? Steve Hanke Answers Your Questions
David Lin: 3-16-2024
0:00 - Intro
2:45 - Inflation outlook
10:05 - Money supply
15:55 - Fed monetary policy
19:33 - Markets vs. inflation
23:45 - Markets vs. liquidity
28:05 - Deflation in China
29:51 - Argentina inflation
35:55 - Hanke's Misery Index
Iraqi Dinar Video Update Saturday Afternoon 3-16-24
Iraqi Dinar Video Update Saturday Afternoon 3-16-24
Vietnamese Dong✅ Latest RV Today 2024 – 3:31
Internationally Revaluation Of Iraqi Dinar – 2:49
This is Big Massive Update About IQD – 2:53
JP Morgan Chase Bank Released New Rate Iraqi Dinar – 3:34
Iraqi Dinar Video Update Saturday Afternoon 3-16-24
Vietnamese Dong✅ Latest RV Today 2024 – 3:31
Internationally Revaluation Of Iraqi Dinar – 2:49
This is Big Massive Update About IQD – 2:53
JP Morgan Chase Bank Released New Rate Iraqi Dinar – 3:34
Vietnamese Dong✅ Latest RV Today 2024 – 3:31
Internationally Revaluation Of Iraqi Dinar – 2:49
This is Big Massive Update About IQD – 2:53
JP Morgan Chase Bank Released New Rate Iraqi Dinar – 3:34
Iraqi Dinar Today Video Updates Saturday Evening 3-16-24
Iraqi Dinar Today Video Updates Saturday Evening 3-16-24
Finance Chairman of Iraq Order Implement the three zero note – 1:48
Central Bank🏦. Of Iraq Governor Massive Announcement About IQD RV – 3:46
Huge Exchange Rates For Iraqi Dinar Holders – 4:19
Iraqi Dinar Today Video Updates Saturday Evening 3-16-24
Finance Chairman of Iraq Order Implement the three zero note – 1:48
Central Bank🏦. Of Iraq Governor Massive Announcement About IQD RV – 3:46
Huge Exchange Rates For Iraqi Dinar Holders – 4:19
Finance Chairman of Iraq Order Implement the three zero note – 1:48
Central Bank🏦. Of Iraq Governor Massive Announcement About IQD RV – 3:46
Huge Exchange Rates For Iraqi Dinar Holders – 4:19
"Happy St. Patrick's Day "Humor While We Wait" posted by Mot at TNT
Mot: Irish Sunday School
How to get to Heaven from Ireland
I was testing children in my Dublin Sunday school class to see if they understood the concept of getting to heaven. I asked them,
'If I sold my house and my car, had a big garage sale and gave all my money to the church, would that get me into heaven?'
'NO!' the children answered.
'If I cleaned the church every day, mowed the garden, and kept everything tidy, would that get me into heaven?'
Again, the answer was 'NO!'
Mot: Irish Sunday School
How to get to Heaven from Ireland
I was testing children in my Dublin Sunday school class to see if they understood the concept of getting to heaven. I asked them,
'If I sold my house and my car, had a big garage sale and gave all my money to the church, would that get me into heaven?'
'NO!' the children answered.
'If I cleaned the church every day, mowed the garden, and kept everything tidy, would that get me into heaven?'
Again, the answer was 'NO!'
By now I was starting to smile. 'Well, then, if I was kind to animals and gave sweets to all the children, and loved my husband, would that get me into heaven?
Again, they all answered 'NO!'. I was just bursting with pride for them. I continued, 'Then how can I get into heaven?'
A six year-old boy shouted out: "YUV GOTTA BE DEAD.SILLY..."
************
Mot: An Irishman walks into a bar in Dublin, orders three pints of Guinness and...........
An Irishman walks into a bar in Dublin, orders three pints of Guinness and sits in the back of the room, drinking a sip out of each one in turn. When he finished all three, he comes back to the bar and orders three more.
The bartender says to him, ‘You know, a pint goes flat after I draw it; it would taste better if you bought one at a time.’ The Irishman replies, ‘Well, you see, I have two brothers. One is in America, the other in Australia, and I’m here in Dublin. When we all left home, we promised that we’d drink this way to remember the days we all drank together.
‘The bartender admits that this is a nice custom, and leaves it there. The Irishman becomes a regular in the bar and always drinks the same way: he orders three pints and drinks the three pints by taking drinks from each of them in turn.
One day, he comes in and orders two pints. All the other regulars in the bar notice and fall silent. When he comes back to the bar for the second round, the bartender says, ‘I don’t want to intrude on your grief, but I wanted to offer my condolences on your great loss.’
The Irishman looks confused for a moment, then a lights dawns in his eye and he laughs. ‘Oh, no, ‘ he says, ‘Everyone is fine. I’ve just quit drinking!
************
Mot: Yeppers!! -- Its' OK to ~~~~~Pretend to be Irish
Mot: ... Word to the Wise!!!
Mot: Yep!! Another Weather Telling Tip!!! But Ya Has to be Irish!!! ~~~~ oh ~~ From Mot of course ~~~
Mot: The ole Irish Beer Troubleshooting Chart !!!...........
$223 Trillion Bank Derivatives Domino Effect: The Catalyst for Fiat Currency Collapse : Awake-In-3D
$223 Trillion Bank Derivatives Domino Effect: The Catalyst for Fiat Currency Collapse
On March 12, 2024 By Awake-In-3D
Massive Credit Derivatives Gambling and the Risk of Systemic Bank Failures: What You Need to Know
As the global fiat currency debt system reaches it logical conclusion, the term “derivatives” might not mean much to the everyday person.
However, these complex financial instruments play a pivotal role in the global fiat currency financial ecosystem, often acting as the invisible threads that could either weave stability or unravel chaos.
$223 Trillion Bank Derivatives Domino Effect: The Catalyst for Fiat Currency Collapse
On March 12, 2024 By Awake-In-3D
Massive Credit Derivatives Gambling and the Risk of Systemic Bank Failures: What You Need to Know
As the global fiat currency debt system reaches it logical conclusion, the term “derivatives” might not mean much to the everyday person.
However, these complex financial instruments play a pivotal role in the global fiat currency financial ecosystem, often acting as the invisible threads that could either weave stability or unravel chaos.
Wall Street has a history of blowing up things with derivatives. Merrill Lynch blew up Orange County, California with derivatives.
Some of the biggest trading houses on Wall Street blew up the giant insurer, AIG, with derivatives in 2008, forcing the U.S. government to take over AIG with a massive bailout.
Recent data from the Office of the Comptroller of the Currency reveals that five major bank holding companies—names like JPMorgan Chase, Bank of America, and Goldman Sachs—currently hold a staggering 83% of the $268 trillion in derivatives in the U.S. market.
The concentration of derivatives trading among a handful of major banks poses significant concern that has far-reaching consequences for all of us.
What are Derivatives?
Derivatives, in essence, are financial contracts whose value is derived from the performance of an underlying asset, index, or interest rate.
They can range from the relatively straightforward to the mind-bogglingly complex, and are used for a variety of purposes including hedging risk, speculation, and arbitrage.
While these instruments can be useful financial tools, their misuse or mismanagement poses a significant risk to the financial system at large.
Key Financial Facts About Banks and Derivatives Today
Total Derivatives Held by Five Major Bank Holding Companies (2009): $277.57 trillion
Percentage of All U.S. Derivatives Held by These Companies (2009): 95%
Total Derivatives in the U.S. (2023): $268 trillion
Total Derivatives Held by the Same Five Companies (2023): $223 trillion
Percentage of All U.S. Derivatives Held by These Companies (2023): 83%
Control of Credit Derivatives by These Companies: 96%
Total Credit Derivatives Held by These Companies: $5.8 trillion out of $6 trillion
Federal Reserve’s Cumulative Loans to Wall Street Banks (2007-2010): $16 trillion
A stark reminder of this risk came during the financial crisis of 2007-2010, widely regarded as the worst since the Great Depression.
The crisis spotlighted how derivatives, largely unregulated and concentrated in the hands of a few major banks, could exacerbate financial turmoil.
Despite subsequent regulatory efforts, such as the Dodd-Frank Act of 2010, intended to rein in the risky behaviors of these financial behemoths, concerns persist about the effectiveness of these regulations.
Recent data from the Office of the Comptroller of the Currency reveals that five major bank holding companies—names like JPMorgan Chase, Bank of America, and Goldman Sachs—currently hold a staggering 83% of the $268 trillion in derivatives in the U.S. market.
Even more alarming is their control of 96% of the most perilous form of derivatives: credit derivatives, amounting to $5.8 trillion.
For the everyday person, the implications are clear: the health of the global financial system is inextricably linked to the shadowy world of derivatives trading by major banks.
This concentration of high-risk financial activity in a handful of institutions not only poses a systemic risk but also magnifies the potential fallout from mismanagement or market downturns.
The Federal Reserve’s intervention during the last financial crisis, funneling $16 trillion in loans to support these banks, underscores the precariousness of this situation.
While such measures may provide temporary relief, they do not address the underlying issue: the colossal risk posed by the concentrated trading of derivatives.
Moreover, the counterparty risk—the question of who stands on the other side of these derivative trades—is a blind spot for the average investor.
With a web of connections linking banks to non-bank financial institutions, corporate entities, and beyond, the ripple effects of a derivatives crisis could touch nearly every corner of the global economy.
In response, federal regulators have proposed stricter capital rules for banks heavily engaged in derivatives trading. Yet, these proposals have met fierce resistance from the banking sector, casting doubt on their implementation and effectiveness.
For the everyday person, the implications are clear: the health of the global financial system is inextricably linked to the shadowy world of derivatives trading by major banks.
As these financial titans engage in casino gambling on the high wire of high-risk trading, unintended consequences of a domino collapse effect is a threat not just to themselves, but to the global financial system at large.
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