"Transition Going on" - Thurs. PM KTFA Thoughts, News w/ Frank26, DELTA 3/22/18

KTFA

PowerofPrayer » March 22nd, 2018

Family,Trump slaps $60 billion tariff on intellectual property against China. Awesome. What is China starting to do on the 26th of this month? No longer using the petro dollar. Coincidence? Stay thirsty KTFA family, things are getting interesting.

HoosierGirl » March 22nd, 2018

I caught when Frank mentioned the "diminishing" of the "Feds" IHO on the CC last night. I wondered how that could be since I thought they had such a stranglehold on the US.

GFulcher66 » March 22nd, 2018

IMO the transition of the feds being moved under the UST, in a smaller role in the new basil111 system. Probably will stop lending $ as that tap is dry and we will see the IMF SDR's become the new lender ...

Wn3 » March 22nd, 2018

The IMF is a western bank dominated game. They will try the SDR's, but I think in the long run we will be going back to money instead of fiat.

This whole trade war thing will most likely, IMO, drive the Chinese, Russians, and others to turn their backs on central bank control once and if Trump smashes the cabal(s).

GFulcher66 » March 22nd, 2018

I hope so, wouldnt surprise me if the crooks just change buildings ... either way this new system is what we are waiting on imo, the new usd and iqd pair need the new asset backed/basil111/digital track to run on ... wont mix with fiat

Popeye7 » March 22nd, 2018

There is definitely a transition going on... Many economists, and those who are in the know will tell us that the nations who comprise the middle, and far east are emerging as the dominate force in how the world's economy is run... The Western dominance continues to diminish year by year... IN time the West will be the tail, while the east will be the head, lead by nations such as China...

WN3 » March 22nd, 2018

The West is diminishing because the people put "in charge", the public face we have seen, are in the PAY of other powers. Many US politicians and even Presidents have sold US out to everyone, including China.I am not sure we are done yet. As Aragorn said "Men of the West. THAT day is NOT this day. THIS DAY WE FIGHT"

GFulcher66 » March 22nd, 2018

Very interesting cc's this week, thanks so much F26 and all teams/ws/delta etc.

My favorite part was the explanation of the testing on 4x, and the likely scenario that in the near term future we should the a transition of the federal reserve becoming an arm of the UST instead of the whole body, death of fiat $, and reduction of national debt. IMO this all points to moving into the new digital basil111 reality that the new USD and IQD will be paired together in - IMO thats what the "3 headed monster" is getting ready for this launch.

Frank you asked if anyone could provide you any proof of anything that we are waiting on for the IQD to RV/IR ... I agree that everything is done, and it should rv this month. But since we are still waiting, obviously something we are not privy to is causing us to wait, imo the only entity powerful enough to effect this timing are the few families behind the BIS and those that profit from this wait and staying in the current fiat system.

Their is probably a battle going on between the elites who are for this and those who are for this happening later ... idk just cant think of why we wait other than that or us waiting for the new banking system to be implemented/ UST and FedR new role ... ?

Samson » March 22nd, 2018

Gulf newspaper: Trump and Bin Salman agreed to support the Iraqi government

09:44 - 22/03/2018

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman agreed at the White House on Tuesday to support the Iraqi government, the newspaper Al Rai reported Thursday.

The sources said that Trump and Bin Salman "discussed the issue of Iraq, and there was consensus on the need to support the Iraqi government and the efforts of reconstruction and reconciliation, similar to the Saudi humanitarian support, current and future, in Yemen" .

The newspaper added that "Iran occupied the bulk of the talks between President Donald Trump and his guest Ben Salman, followed by talk about bilateral trade and the volume of mutual investments between America and Saudi Arabia."

According to the newspaper, bin Salman "expressed concern about Iran's non-nuclear activities destabilizing and security in the region." LINK

Don961 » March 22nd, 2018

The United States is adding 700,000 new millionaires in 2017

22 March 2018 04:12 PM

The number of wealthy people in the United States rose by 700,000 last year, boosted by gains in stock markets in 2017, a report showed.

The US stock market posted strong gains last year, with Standard & Poor's up about 19% and Dow Jones up more than 25%.

The United States now has more than 11 million millionaires, up 6 percent from 2016, according to a report by Specterme.

The total number of affluent people and the number of new arrivals on the list rose to a record high.

The company shall determine the eligibility of the person for this title if he has investment assets exceeding at least one million dollars.

"The stock markets are the main reason for this number of wealthy people," said George Wilber, president of the company. "Even if the stock markets are down this year, the number of HNWIs will continue to increase.

Spectrum data showed that the number of people with a wealth of between $ 5 million and $ 25 million grew by 84,000 to 1.35 million.

On the level of people with a wealth of more than $ 25 million, it increased by about 10%, from 16,000 to 172,000. link

DELTA » March 22nd, 2018

HI DON, HE IS TALKING ABOUT THE CBI RATE AND MARKET RATE WHICH IS ABOUT 1220. AND HOW THE CBI DID A GOOD JOB IN SHRINKING THE GAP ........NOTHING NEW FOR US ........MABYE HE WAS LISTENING TO OUR CC........OUR FOCUS NOW IS CBI ONLY!!!

Frank26 » March 22nd, 2018

WOW!!!

Don961 » March 22nd, 2018

To continue reading please download a simple PDF printable file. Click the link below

Husaain Atwan-Exchange rate gap-final

Hussein Atwan Mahous *: shrinking the exchange rate gap between the official and parallel market in the past and present: greater stability with less sales **

BY HUSSEIN ATWAN

- POSTED ON 22/03/2018

It is no secret to specialists that the sale window of the foreign currency in the Central Bank of Iraq is one of the most important instruments of monetary policy in Iraq (Open Market Operations) started its work at the end of 2004 to sterilize the surplus liquidity and sterilization of the balance of payments financing in order to maintain the stability of the currency exchange rate Which followed the stability of the general level of prices. For 2004-2008, the Central Bank followed the de facto practice of pegging the peg, while the de facto peg of the period (2009 to date) followed the nominal dollar of the Nominal Anchor Cash flow.

This period coincided with different exchange gaps between the dinar exchange rate in its official and parallel markets, and these gaps widen and shrink according to several factors, the most important of which are:

Foreign currency sales coverage ratio of total foreign currency demand (supply coverage of the required).

The nature of sales in the window (cash, remittances, documentary credits) The increase in cash sales reduces the exchange gap relatively, due to the intensity of business dealings with a neighboring country composed of the banking system.

The instructions of the sale window of foreign currency and the overlap of the supervisory procedures between the governmental institutions with the work closely related to the window of sale of foreign currency (border crossings, the tax department) and the use of official documents issued by these departments are basic requirements by the Iraqi Central in the past years to meet requests for buying the dollar from the window selling currency And a promise of banks' obligation to pay their tax and customs obligations. link

Samson » March 22nd, 2018

Iraqis lose 77% of the value of their money in the siege

22nd March, 2018 by Shatha Khalil

Defines economic compactness as "holding money and imprisoning it from circulation." It may be that money is buried or kept in boxes inside the house and is not taken out to trade in money and capital markets.

The prevalence of the phenomenon of compactness in developing countries is due to the weakness of the banking culture, which generates a vicious circle of forces that are opposite to the movement of economic and social development. Data of underdevelopment widen the phenomenon of stagnation, which leads to a reduction in the volume of positive savings, And the economic and social development movement necessary for the development of Third World countries.

One of the negative effects of hoarding and its impact on economic activity in developing countries is the division of income according to economic considerations into two parts: a section that spends on consumer requirements, and another goes to savings. If, in the short term, income is assumed to be constant, the individual can only increase his savings by reducing his consumption expenditure.

In Iraq, the governor of the Central Bank Ali al-Aalak said that the phenomenon of financial strangulation outside the banking system is dangerous, as 77% of the currency traded outside the system of the banking system is in a state of exhaustion. In order to employ these resources and pay them towards savings and the direction of the banking sector, And wide at all levels. "

The economic expert Raed Fahmi said that "securing the internal resources and mobilizing them in the issue of savings is very important, and this constitutes a great danger and concern for the funds in the case of hoarding." He pointed out that "the state of compactness means a lack of confidence in the banking sector in attracting deposits, Is not only a financial and administrative challenge but also harms the economic reality and the security reality and the political reality, and here highlights the role of banks in enhancing the confidence of citizens to deposit their money in banks.

The director general of financial operations and debt management in the Central Bank of Iraq, Dr. Mahmoud Dagher, said that the lack of confidence of the citizen banks face all backward countries, including Iraq, where private banks grew in an unstable situation and despite all the changes and improvements, but banks are still unable On the confrontation, and we are still witnessing the dominance of government banks such as Rafidain and Rashid, on most deposits and banking assets and therefore this created a dilemma for private banks to play their part.

Dagher pointed to "bank irregularities of the instructions of the Central Bank, especially in the sale of the dollar, pointing to the transformation of Iraq into a market economy, which of its conditions supply and demand. He said there is a high demand for the dollar because of the instability can not be restrained, pointing out that the former was the central bank before 2014 covers each quantity and now we do not cover the quantity required by the importers or who have assets or external transfers this pressure, the economy is due lack of confidence The citizens of the banks to the following: -

The non-payment of the government dues private sector, contractors and farmers, despite the passage of long years to maturity, in addition to the lack of cash liquidity in banks, especially the civil ones, when reviewing the citizen to withdraw his money is shocked by the inability of the bank to meet its dues.

• The Iraqi citizen loses about 5% of his money because of exchange rate difference once deposit money in dollars in his bank account and then withdrawn, and this is a great suffering it, and the central bank to monitor the private banks and government in the installation and set a fixed ceiling for the amount of exchange foreign currency but note that there Manipulation and corruption in this matter.

• The most serious situation faced by citizens with private banks is that they close and close their doors without warning and without any legal accountability to them, so we see that most citizens have fled dealing with private banks.

• The delay in the service and not keep pace with some banks to modernity and routine in the private banking system, which was supposed to overcome, and these things have their role and impact.

• Lack of awareness among individuals of the importance of a private banking sector. This view means the need to expand the scope of financial coverage, which means the delivery of banking services to all citizens, whether in the government or private sector.

The financial and economic adviser, Dr. Mazhar Mohammed Saleh, said that the manifestations of the compactness in Iraq take different dimensions, namely: self-compactness such as gold, jewelry and precious valuables, and the Iraqi dinar, which accounts for 77% of the currency exported outside the Central Bank of Iraq.

The stifling weakens the strength of the national economy by diverting its savings, which support the income and production dues, to stumbling leaks, in the income cycle, or weaken production opportunities and sustain economic activity. Here is the demand for cash or money-like wealth for the purpose of hedging "uncertainties".

The history of the Iraqi banking has witnessed during the last century the phenomenon of exchanging gold in paper currency by placing gold as a hostage at the jeweler, or moneylenders for a riba interest, as the demand for money here helps through the guarantee of gold by extracting formal money from the cycle of monetary leaks to the spending cycle, Economic, but with illegal market instruments, and thus demand for cash for purposes of transactions but for cycles of income is not necessarily complete and does not lead to real economic balance.

Saleh pointed to an important event in the history of the Iraqi economy, in the sixties of the last century, was established a government bank called the Mortgage Bank / a legal and official alternative to the phenomenon of moneylenders and the whole market illegally, as it provides loans guaranteed gold guaranteed by the Bank of mortgages, To keep the gold held by the Borrower until the maturity of the Loan or to pay for interest charged by the Borrowing Bank to cover the operating costs and part of the risk of fluctuating the value of the same security of the jewelery and gold bars occupied. Saleh highlights the bank's cancellation at the beginning of the 1970s for unknown reasons.

Banks remained in a semi-banking relationship with customers in the provision of services, as bank funds or personal bank vaults remained available to citizens and available for use within each bank, especially government, including Rafidain and Rashid. The citizen can keep his precious resources and important documents in safe places with 100% safety, for a monthly or annual fee. The absence of this safe service cut off one of the bonds between the citizen and the bank as an entity that preserves the wealth of the society and strengthens the connection between the citizen and the bank.

Saleh called on the Iraqi Central Bank to directly study, granting vacation Iraqi bank mortgage, pledge of gold and jewelry to meet cash (which boosts bank credit and converts the semiconductor storehouse of wealth to a guarantor in the generation of power demand for money for the purposes of transactions and support economic activity. Promised this thing one institutional channels To eliminate the phenomenon of compactness with money equivalent, gold and other, and maximize the atmosphere of confidence between banks and citizens, to receive their gold jewelry and other valuable valuables in the vaults of banks at affordable wages.

The citizens demanded the establishment of a deposit guarantee company to reassure their bank deposits of the risks of banks 'exposure and failures; because it reduces the demand for liquid cash as a catalyst, which is an unstable, highly concerned function that is highly correlated with the interpretation of uncertainty in individuals' demand for cash in its rolling form Or quasi-money, and to prevent the entry of the cycle of income and deprivation cycle of economic activity. LINK

Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision and risk management of banks.

Like all Basel Committee standards, Basel III standards are minimum requirements which apply to internationally active banks. Members can adopt them in full, in part, or not at all. They may also adopt stronger measures as well. In the case of the US, the Fed has done all of the above. In some things they have opted for more strict rules than Basil III specifies, in others they have stuck closely to the rules. They have also elected to go with less stringent standards in some cases.

But then again these idiots have never been ones to let little things like facts get in their way ....