KTFA Members "News and Views" Friday 3-1-193/1/2019Go to Comments KTFA: 2Cents: Does anybody else find it odd that there was this Huuuuuuuge meeting at the Peace Palace last night and there is so little reporting as to the outcome??????? Even the Kurds attended!!!!! By the way, the Kurds had a delegation in the US this evening addressing the US Chamber of Commerce on Investment opportunities in Kurdistan..... MilitiaMan: Fascinating turn of events. ISIS is said to be 100% done, it appears they have Bahgdadi in the bag.. lol They had a meeting with the AMF / IMF on the 27th and finished yesterday on 28th, they told us about the Customs and Taxes being put in force whereby, putting pressure on the citizens to pay them, they had meetings with the Governors in the provinces throughout the country in regard to the 2019 Budget Allocations for re construction and the Citizens needs and then top it off the Peace Palace, as you point out 2cents!! Well done! So, with that said, we can an scratch our heads and think. Why all the convergence on a Thursday? After banks are closed? Is it me or didn't Kuwait make a move way back on a Thursday and then show their hand on a Sunday? Things that make one go hummm... lol We shall see.. imo All looks very promising none the less! ~ MM .... **************** Rockcharlie229: If we went back to Gold the amount of Gold could cover the money supply but that would entail gold shooting up to approximately $50,000 an ounce. Basils 3 allows you to back your currency with all resources available to that country including precious metals. Source: The Death of Money, Currency Wars, The Big Drop and The New Case for Gold. Daytrader: Agree 100%. Not all are aware of Basel III. Can't assume gold is distributed on a per country basis vs their narrow money figures. An asset backed currency is the practical solution. Rockcharlie229: I Concur that why they are talking about 25% precious metal under Basel 3 Chappy86: Do you think that if the currencies of the world are gold backed the value of gold will rise very quickly? Crose: I have heard $10,000.00/oz is not out of the question. Doodlebug: I love this conversation. Thank you all. Isn't this one of the reasons why "I'm not a crook" Nixon took us off the Gold Standard? Because we were running trade deficits and it would have sent all of our gold to exporting Nations? I remember reading about how being "gold backed" was not a good thing and that is one of the reasons we ran from the Crown because it would allow the price of gold to be manipulated, but I digress from that because I don't know enough about it. LOL just that little tidbit. Anywhodeehow, I agree that replacing the term "Gold Backed" with "Asset Backed" rings better in my ears. GO TRUMP! Boxman: I remember coming back from Europe in 1967 and being told that customs would seize any gold coins or bars being brought into the country..Gold if i recall was at $35.00 an ounce...i also seem to recall several countries were presenting large number of dollars to the Treasury to be redeemed in gold and the concern the Treasury would soon be depleted of its gold holdings...could be incorrect but that is what i recalled from that period... ChrisC: You are correct Boxman. What actually happened is that, fearing imminent confiscation of their gold by Germany many countries deposited their gold with the US for safe keeping. Mistake. If anybody believes we have been run by honest people over the last 100 years or so, let me clear up a couple of other misconceptions you may have 1) Frank can confirm this, but nobody can eat 500 million cookies in one night, and if they could after the first thousand or so they couldn't fit down the chimney, so there is no Santa Claus. 2) Anybody wanting to collect your kids teeth is most likely a serial killer, so no tooth fairy. Now that we are rid of any fantasies, let me proceed. Our money was based on gold backing and was convertible. Unscrupulous folks in the govt said "hey, how is anybody going to know with all this gold we have which is ours and which is theirs so let's just print up a whole bunch of extra bills and buy a whole lot of stuff with it". Charles DeGaulle was the first to catch on and started exchanging their currency for gold. That is when Richard "I am not a crook" Nixon said "They's done found out we punked them" and he immediately removed us from the gold standard (even though the Constitution really has it as a silver standard). Nixon made a deal with Saudi Arabia that all oil would be traded in US dollars no matter who was buying or selling and thus the petro-dollar was born. The real "punking" started then. With nothing solid backing the dollar it has let the Fed print as much money as they needed to buy whatever they wanted and loan out to whomever they please. Boxman: With Fiat currency, Govts can play with the printing and control the monetary policy with no real backing of their currency...Gold and asset backed currency will put a severe limit on this ability....IMHO Clare posting for Felix: With New Laws and Some Help, Iraq Turned Around Anti-Money-Laundering Problems The Iraqi government was removed last year from an international watchlist https://www.wsj.com/articles/with-new-laws-and-some-help-iraq-turned-around-anti-money-laundering-problems-11551373004?mod=hp_minor_pos10 MilitiaMan: So they are apparently turning the corner on how they are perceived in the international arena. Banks are starting to do business with Iraq. That take security, stability and a strangle hold on corruption. Al-Alaq is not new to the game either. His credentials speak about it clearly too. Now we watch them implement the tools they have to maintain a tight ship going forward.. They will need the tools especially after they finish the monetary reforms and while finishing over time the economic reforms. So, in all the article is showing progress. imo ~ MM McDan: Frank do You think they will try to Peg to the Euro and not to the dollar. I believe it make more sense to just use the SDR as the base of the value of the Iraq Dinar. The article on the gold asset backing currency needs some though of the backing of the SDR by Gold . i also can see why President Trump is trying to force Country to use their on Currency instead of using the US Dollar to maintain their international Trade. This is Just IMO , just looking for other people opinion to stir the bucket of thoughts. Samson: Iran’s President to Visit Iraq in March 1st March 2019 Iranian President Hassan Rouhani will travel to Iraq on March 11 for an official visit. Heading a high-ranking delegation, the Iranian president will be visiting the Arab country at the official invitation of Baghdad. It will be Rouhani’s first official visit to Iraq during his tenure. On Monday, Iranian Deputy Foreign Minister Abbas Araqchi met with Prime Minister of Iraq Adil Abdul-Mahdi in Baghdad to make arrangements for Rouhani’s forthcoming trip. The Iranian president’s visit would come against the backdrop of Tehran’s efforts to boost its foreign trade in the US sanctions era. Iraq’s foreign minister said recently that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue bilateral trade. President of Iraq Barham Salih paid a visit to Tehran in November 2018 with a ranking delegation for a series of political and economic talks.Speaking at a joint press conference with his Iraqi counterpart at that time, Rouhani said the value of trade and economic interaction between Tehran and Baghdad stood at around $12 billion, adding that the two neighbors have the potential for a $20-billion trade target. Earlier this month, governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries. According to governor of the Central Bank of Iran Abdolnaser Hemmati, Iran is going to open euro and dinar-based accounts to process transactions for trade in oil and gas. Describing Iraq as Iran’s major partner, Hemmati said the two countries have agreed to make the banking ties much stronger. He also stated that Iraqi companies can reciprocally open accounts in Iranian banks and conduct transactions in dinar. In December 2018, Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Eshaq said the central banks of Iran and Iraq were finalizing negotiations to begin trade in their own currencies. Iraq’s Foreign Minister Mohamed Ali Alhakim has made it clear that his country cannot cut off trade ties with Iran under the US sanctions. LINK LarryH: THIS IS HUGE. I CAN'T BELIEVE NO ONE IS TALKING ABOUT THIS. NO WAY POSSIBLE IF NOT ART.8. HUUUUGE. RIGHT FRANKIE. DELTA MM Samson: Deputy Iranian Ambassador to the Murad: Trade with Iraq continues and deal in dinars instead of the dollar 28th February, 2019 The deputy Iranian ambassador in Iraq, Musa al-Tabtabai said that despite the US sanctions, but dealing with Iraq commercially did not stop, pointing out that dealing with Iraq financially be in the Iraqi currency. The Tabtabai of the Murad that Iran has begun to give up dealing in US dollars and limited its financial dealings with countries on the currencies of those countries, each according to its currency, pointing to the Iraqi citizens' interest in tourism and therapeutic aspects in Iran as well as trade and import of goods and this is done by the Iraqi currency. LINK https://nenosplace.forumotion.com/post?f=180&mode=newtopic |
KTFA Members "News and Views" Friday 3-1-19
Rocky- Admin Assist
- Posts : 267081
Join date : 2012-12-21
|
|
Today at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Today at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Today at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Today at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Today at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Today at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Today at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Today at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Today at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Today at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Today at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Today at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Today at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Today at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Today at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Today at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Today at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Today at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Today at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Today at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Today at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Today at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Today at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Today at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Today at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Today at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Today at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Today at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Today at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Today at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Today at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Today at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Today at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Today at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Today at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Today at 6:56 am by Rocky
» Electronic payment is sustainable growth
Today at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Today at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Today at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Today at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Today at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Today at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Today at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Today at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Today at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Today at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Today at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Today at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Today at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Today at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Today at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Today at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Today at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Today at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Today at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Today at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Today at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Today at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Today at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Today at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Today at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Today at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Today at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Today at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Today at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Today at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Today at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Today at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Today at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Today at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Today at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Today at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Today at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Today at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Today at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Today at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Today at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Yesterday at 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Yesterday at 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Yesterday at 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Yesterday at 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Yesterday at 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Yesterday at 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Yesterday at 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Yesterday at 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Yesterday at 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Yesterday at 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Yesterday at 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Yesterday at 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Yesterday at 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Yesterday at 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Yesterday at 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Yesterday at 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Yesterday at 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Yesterday at 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Yesterday at 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Yesterday at 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Yesterday at 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Yesterday at 7:12 am by Rocky