Thursday, August 17, 2023

JUDY NOTE, 17 AUGUST

 Global Currency Reset:

BECAUSE THE RESTRICTIONS, CBI : " WE CANNOT INTERVENE IN THE MARKET TO LOWER THE EXCHANGE RATE", 17 AUGUST

Because of the restrictions.. Central Bank of Iraq: We cannot intervene in the market to lower the exchange rate 

   Wed, 08-16-2023, PM 5:36 Karrar Al-Asadi 270 

The Governor of the Central Bank of Iraq, Ali Al-Alaq, said on Wednesday that his country has made great strides in applying restrictions on the supply of the US dollarbut it is facing an uphill battle in light of a banking system that is not accustomed to strict controland currency smugglers sticking to their activities."It is really a battle because the beneficiaries of this situation and those affected (by the new measures) will try in various ways to continue their illegal activities," he added in an interview with Reuters.

Al-Alaq did not mention Iran by name, and said that he did not have data on the volume of dollars smuggled from Iraq to Iran or any neighboring country, including Turkey and Syria, before the United States tightened the rules in November 2022.

US actions aimed at imposing sanctions on Iran are a sensitive issue in a country that has long been on the front line of the rivalry between Washington and Tehran.  Al-Alaq said Iraq's reserves are more than $100 billion but he cannot intervene freely in the market to lower the exchange rate due to the restrictions.Last month, US officials said the US Treasury and the Federal Reserve blocked 14 Iraqi banks from conducting dollar transactions as part of a broader campaign to smuggle dollars into Iran through the Iraqi banking system.  Al-Alaq said that the transactions that led to the sanctions took place in 2022, before the launch of a new platformaimed at improving transparency

The Iraqi Central Bank also imposed stricter regulations on dollar transfers, requiring dealers to enter an online platform and provide detailed information about the final future of the transfers.  He added that he central bank was conducting a review of the banking sector and would implement new regulations and rules that he said would likely see some banks closed.

"It will be very normal in the coming period to see a decrease in (the number of private banks)," he said.  He said, There are always side effects, but at the same time we have a responsibility to protect the country's interests by trying to find the necessary means of monitoring and oversight so that we do not expose the country to any issues on this front." 


https://www.non14.net/public/159368 

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US PRESIDENT BIDEN’S ADMINISTRATION TALKS ABOUT A (360) PARTNERSHIP WITH IRAQ

Last week, the American capital witnessed the first Iraqi-American meeting on “joint security cooperation”. The title appears to be a repetition of slogans, but in reality it is a turning point in US-Iraqi relations.
Twenty years ago, US-Iraqi relations were that of an army that invaded the territory of another country and overthrew Saddam Hussein’s regime, then faced the rebellion, then left according to an agreement and returned to confront ISIS, and now he wants the Americans to work only to help the government in this last mission.
A senior official in the US Department of Defense confirms that the United States understands that the mission against ISIS will end, and therefore the two sides began to discuss what comes after this mission.
360 degrees
The joint statement issued at the end of the talks at the Pentagon building talks about a “360-degree comprehensive partnership,” and a senior official at the US Department of Defense said, in a meeting with reporters after these talks, that the “promised” relations could include “bilateral and multilateral military exercises, exchange Information and intelligence exchange, and of course selling US-origin weapons and helping the Iraqis maintain this equipment and follow up on its proper use for border protection and other operations.”
These American proposals carry with them many challenges, the most important of which is that the Iraqi forces will be an army similar to the American army. Engaging in bilateral or multilateral exercises means that the elements of the two armies will speak the same language. As for the exchange of information, especially intelligence, it means that the two parties will work after the stage of combating terrorism to be two friendly armies, exchanging confidential information and each side is confident that the other party will not misuse it, and that this information will not be leaked to a third party.
Iraqi transformation
The Americans now see that the Iraqi forces are forces with a good ability in counter-terrorism affairs, and the great challenge for both sides will be to transform this Iraqi military force into an army that works with the Americans in achieving the goals of “integrated deterrence and regional security,” according to the American official, which is what he meant when he spoke. To the journalists, “Iraq becomes part of the structure of American-Arab cooperation to protect the airspace, lands, and waters from any aggression, whether by a state or by terrorist organizations.
These matters should not be viewed as new for the Americans, as the current President Joe Biden, when he went to Jeddah in the year 2022, the countries of the Gulf Cooperation Council were present, and Iraq was also present, along with Jordan and Egypt, but the external and domestic pressures that Iraq is exposed to put it in a different category.
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Wednesday, August 16, 2023

How to Profit as Stocks Fall, 16 AUGUST

 Chris’ note: Stocks are taking a bath again today. That’s down to another hawkish speech on rates from Fed chairman Jay Powell. It’s more bad news for buy-and-hold investors. But it’s great news for traders.

As I’ve been showing you, traders look forward to days like today. That’s because they can profit as stocks rise or fall. And they can be in and out of a trade in days.

It’s all in today’s insight from Market Wizard Larry Benedict. He made $95 million for clients of his hedge fund in 2008. And last year, as another bear market raged, he gave subscribers of his One Ticker Trader advisory the chance to close out the year up 240% on cash.

What’s his secret sauce? Read on to find out…


Most folks think you can only profit on stocks in bull markets.

But as I’ve been spreading the word on, that’s not true.

Although buy-and-hold investors need rising stock prices, traders can profit in either direction. 

The big gains usually come when stocks drop… And we see more of those drops during bear market conditions like we’re living through today.

For instance, this year I’ve given my subscribers the chance at returns of 39% and 54% closing out trades on a falling Nasdaq.

I know this is new for a lot of people. So today, I’ll show you how I gave my subscribers the chance to close out a 62% gain in just a week as one of the world’s biggest stocks took a dive.

It’s a classic example of the “mean reversion” trades I love to make.

Playing the Snapback

Stocks tend to revert to their long-term average after they make dramatic moves.

So, I look for stocks that have overshot in either direction… and profit when they snap back toward their average.

That’s what happened to blue-chip tech stock Microsoft (MSFT) after it overshot to the upside last month.

Take a look…

From early January to its peak in February, MSFT rallied 26%. But as it reached a new high (upper orange line on the chart), I could see its momentum had peaked (lower orange line).

That’s thanks to the Relative Strength Index (“RSI”). It compares the strength of a stock’s move on up days versus down days. This points to oversold and overbought conditions.

And when price and momentum diverge, a change of direction is not far away.

MSFT’s chart wasn’t the only reason it was due a fall…

False Narrative

As I’ve been showing my readers, there’s a false narrative that inflation is no longer a problem.

This has led to the hope that the Fed is about to stop hiking rates.

This would be good news for Microsoft and other tech stocks, which tend to perform best in low-rate environments.

But on February 14, the Consumer Price Index (“CPI”) reading for January came in hotter than expected.

This pulled the rug out from under MSFT… and the broader tech market.

That’s bad news if you’re a buy-and-hold investor. But it provided the perfect setup to profit from a fallin Microsoft’s share price – what’s known as a short position.

On Tuesday, February 14, I recommended subscribers of my Opportunistic Trader advisory open a short position on MSFT by buying put options. These are side bets on the movement of stocks that increase in value when the stock falls.

The stock market was closed the following Monday for Presidents’ Day. And when the market opened again on Tuesday, February 21, I sent out an alert to sell that MSFT put option, closing out the trade for a 62% gain.

I didn’t capture the entire move lower. But I’d rather book a profit for my readers and leave some money on the table than let those profits slip away… or turn to losses.

There were two reasons why I closed out that trade… 

Extra Oomph From Options

When a blue-chip like Microsoft gaps down like this, bargain hunters start to buy, pushing the stock higher.

By closing out the trade, we avoided the risk of that scenario playing out.

The other reason goes back to the chart I showed you. Here it is again…

My exit point coincided with the RSI testing support (green line). If the RSI had shot higher, it would have sent MSFT higher, too. This would have taken away some of our profits.

It’s important to note that this 62% return was from trading an option contract. Options give you “leverage” – or extra oomph – over the move in the stock price.

If I had directly shorted shares instead, the return would have been lower.

That’s the benefit of using options. You can amplify the returns you make over a short span.

And it’s why I’m so excited about my Shockwave Summit that airs tomorrow.

Circle Your Calendar for March 17

It’s all about a wave of volatility scheduled to slam into the market on March 17.

That’s bad news for many investors.

But if you know how to play these shockwaves as a trader, this volatility is to your benefit.

Just like our MSFT example, we can find points where stocks become oversold or overbought… and profit when they snap back.

To learn more… including my favorite ticker to trade in these market conditions… you can go here to sign up to attend for free.

It kicks off at tomorrow night, March 8, at 8 p.m. ET. So, clear some time in your schedule to come and join me.

That will give you plenty of time to prepare.

You can RSVP with one click right here.

Regards,

Larry Benedict
Editor, The Opportunistic Trader

https://www.legacyresearch.com/the-daily-cut/how-to-profit-as-stocks-fall/

Frank26……8-16-23....IT’S NOT A DELAY!!!

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BRUCE'S BIG CALL, 16 AUGUST

Bruce’s Big Call Dinar Intel Tuesday Night 8-15-23 

Transcribed By WiserNow

Bruce’s Big Call Dinar Intel Tuesday Night 8-15-23   REPLAY LINK   Intel Begins 1:13:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHXLu

Welcome, to the big call tonight it is Tuesday, August 15th and you're listening to the big call. We had a reach on last Thursday of 196 countries. That's right 196 and quite a few listeners course well over the 20 to 24 million mark think we're at 26 million 108. Oh, if memory serves me 26,million,108 listeners live to the call - and that's internationally that's globally that doesn't really include a free conference call line and replay here so good to know that we're getting out there. Hope you're part of that and listening in.

As far as the Intel goes.  This is really interesting, as I mentioned a little earlier and we're sort of that day by day situation where we've been told – we’re minutes away – this is getting ready to go -  All of these things that are banned phrases  on the Big Call now - - ha ha

Just kidding, but they could be - they're getting closer to being a banned phrase -  what we're really looking at is, things are really happening – I can’t  too deep in the weeds on this, but things have happened and started a couple of days ago - happening politically to move this thing forward - and keep the Chinese elders happy.

That's a good thing. What's going on there and you should be seeing something hopefully, coming out soon, like in the next couple of days to reflect that. But I can tell you that there are things happening in all 50 states with our martial law in seven of those states, and we've got forces ready to go – for different things. I will say this – the emphasis is on getting things done - Behind the scenes - and too, I'm just gonna say virtually eliminate the deep state in the next three to four days.

I've been told to pay close attention to what happened over the next few days. But it could be that the  action that takes place behind the scenes that clean up on aisle 3/4/5, etc that I've talked about, that may turn into becoming a cover for us going for our exchanges. We're not sure if that is the case. But it could be and I would say we would look for something to come out on the new EWS system - Emergency Wireless System, which is theoretically the confluence of the emergency Broadcasting System and the Emergency Alert System.

Not quite sure if that's totally fully integrated or not. But they use this new term EWS - emergency warning system as a way to bring out some of the information that we're looking to hear.

On a another front, we have the BRICS conference, this summit in Johannesburg, South Africa, starting at 22nd and going through the 24th of August. So that starts next Tuesday and goes through Thursday of next week.

At that conference now includes 93 member countries who are either in  or want to be part of the BRICS consortium of countries  - 93 that are all gold backed and ready to be gold back with their own currency. And also, it may be as I understand it, a new BRICS  Nation's currency.

They could be out and tradable - like the USN the American dollar will be which I'm understanding that that USN is traded now, the digitally but it needs to surface in terms of our own physical money that we put in our wallets and purses that that should be out prior to maybe two days prior which would be weird because as of Sunday, two days prior to the BRICS conference, or the BRICS summit in South Africa.

So whether or not we see that, which remember, this new currency has been out for at least a couple of years. And we had already at the redemption centers that we will be able to get some cash when we go in for our exchanges and redemption of Zim but we will also have it fairly soon in our teller drawers, but I don't know what they are going to bring that out. I'm not sure I personally I think that we need a public announcement about our new currency, which would be part of NESARA.

We are not going to be returning to the quote unquote gold standard.

But we have an asset backed that is primarily backed by gold - there's a large percentage of our dollar -  our new USN  that is backed by gold and other precious metals and oil and natural gas and other assets that are monetized for the purpose of backing our new USN. So there's a lot going on behind the scenes even now. Political change It's in the air and working and we should have evidence of that brought out so that not just I know about it. My Contacts know about it. Intel sources know about it. But when is mainstream America going to be aware of it? That's the big question.

That needs to happen. I believe for the Chinese owners to be satisfied. It's not just the behind the scenes thing. That is actually out and people are aware of it. But we'll look forward to that and praying for that to manifest itself.

Bondholders are still waiting their email notifications to give them access to funds that they would receive those today have access tomorrow. So far by time is call it on I don't have any indications that has occurred yet today.

And there I'm sure that there's anxious to get access to their funds as we are they get access to our exchange opportunities with our appointments and so on. So I think the next two to three days we're going to be really significant if we go this week.

Now, the other thing that is in play, believe it or not, is Iraq. Iraq is still saying they're going to put out a new rate and open their budget and pull it out  in their gazette -  possibly tomorrow -  which is  Wednesday – good printing day, or they might wait until Saturday and and the so called HCL the hydrocarbon law the oil and gas law has been called which has been passed a long time ago – would be implemented with the new rates with a new rate on the Iraqi dinar.

And that law determines what percentage of the oil profits and gas profits in Iraq are distributed throughout the country, especially into the region of Kurdistan because that was always a big point of discussion, whether that was going what percentage they would get, and I don't remember the percentage that they agreed upon - So I don't want to put that out.

 But that is that has been agreed to. It's just a matter of implementing that law and getting those monies sent to the proper places within the country.

So that's something we could wait all the way on Saturday for but possibly it could come out tomorrow or it could be printed in a special edition if you will, of the Gazette. Maybe before Saturday for that matter. But what it looks like is happening is these  cleanup and arrests and political things, all this stuff is going on right now -  should bring us to a point to the point where everybody is satisfied and we can move forward with our notifications by email us and then we call and set appointments and they say we go on our exchanges and redemption of zim.

So that's a lot to look forward to and it could occur this week or early next week. However, we understood that we would have this and have our USN out – if you will -  as part of NESARA before the BRICS summit starts Tuesday in South Africa.

Sort of a self imposed. Not going to use the banned  phrase “back wall” but it's self imposed timeframe where it should occur prior to that summit –

So today is Tuesday, the 15th - we could see some action here the next couple of days. It might drag on to early next week. But some of its going to depend on what happens you know when intel sources tell us wait to see what happens.

Wait to see. Well, we've been waiting to see a lot and we want to see these changes implemented. I assure you things are definitely happening behind the Scenes politically and with our military.

Everything's moving. They're just gonna let us know when they feel like they want us to know. That’s really what it amounts to

In the meantime.

We'll see what happens. We literally don't have anything other than a large window. By the end we are by the weekend because of what Iraq is supposed to do by Saturday. So it could be all the way to Saturday. But you know the weekend goes sometimes I'll say well, okay, let's just start first of the week. So you never know. This thing could pop they might surprise us. And that happens with what is going on currently as we speak behind the scenes.

I can tell you that on the time on the big call tonight. They call it in process. Everything started a massive effort to remove that activity.

So that's going to be ongoing for at least a couple of three days, maybe more. So that's what I wanted to bring to you guys. So let's do this. Let's pray the call out and then we'll see what the next couple of days or three days brings for us.

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THE US TREASURY IS MANIPULATING THE FATE OF THE PEOPLE, 16 AUGUST

 CONCERNING THE DOLLAR CRISIS.. AL-FATEH: THE US TREASURY IS “MANIPULATING” THE FATE OF THE PEOPLE

Today, Saturday, a member of the Al-Fateh Alliance, Ali Al-Zubaidi, accused the US treasury of manipulating the fate of the people by deepening the crisis of the dollar’s ​​high exchange rate in the local market, while stressing that Iraq needs to achieve economic independence away from US hegemony.
Al-Zubaidi said, in an interview with Al-Maalouma Agency, that “there is no fairness in continuing to deposit the country’s money in the US Federal Bank,” noting that “Washington lacks a lot of credibility in the treaties and charters that are agreed upon.”
And he continued, “Iraq will end the dollar crisis if it gets rid of the hegemony imposed by the United States of America on the money for selling oil,” pointing out that “the American treasury continues to manipulate the fate of the people by deepening the crisis of the high exchange rate of the dollar in the local markets.”
Al-Zubaidi went on: “Washington verbally imposes Chapter VII restrictions on Iraq in order to achieve its own interests,” adding that “the country needs to achieve economic independence away from the American hegemony perched on Iraq’s chest in many files.”
(This last statement backs up what I said ealier in my recent past newsletter in that Iraq is “fully” out of Chapter VII. All the US can do now is pretend and continue as if the sanctions are still in effect, which they aren’t. So something has to change and soon.)
Member of Parliament Kazem Al-Touki said, in an interview with Al-Information Agency, that “the measures taken by the Central Bank did not withstand the decisions of the US Treasury regarding the dollar, while he stressed that the sanctions that the US Treasury continues to impose will not allow the stability of the exchange rates of the dollar in the local markets.
(WOW this last statement I underlined says it all. Are we finally getting to the TRUTH as to why the reinstatement has not yet occurred? Like the prophets said that 2023 would be a year of exposure and Iraq is surely having its share of it. Can you now see how POLITICS can affect the RV?)
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PARLIAMENTARY FINANCE: CENTRAL MEASURES FAILED TO CONTROL THE DOLLAR
A member of the Parliamentary Finance Committee, Muhammad Nuri, confirmed, on Saturday, the failure of the central bank to control the exchange rate of the dollar against the Iraqi dinar.
Nuri said in an interview with Al-Maalouma agency, “The gateway to smuggling currency is still continuing by the parties and their banks, with the increase in the sale of the dollar by the Central Bank of Iraq.”
He added that “the central bank’s policy towards the dollar has not succeeded so far,” noting that “the central bank does not have serious and real solutions to control the exchange of the dollar.”
Nuri pointed out that “the dollar file is still outside the control of the Central Bank due to the control of some external and internal parties by the decision of the Central Bank.”
A member of the House of Representatives, Amir Al-Mamouri, confirmed earlier that the currency auction has become a front for draining the dollar and making profits from corrupt money, pointing out that the file to solve the dollar crisis has not made any progress.
(I have already talked about the type of funds allowed paid in dollars that sneak through and why the CBI is allowing them. This is a wrong decision on the part of the CBI, Eventually they will learn to use only EBT cards to fund these types of expenditures. These EBT cards MUST not be redeemable for cash and can be used like a debit card only. They must be issued by the banks inlou of cash. Oh…did I just give you a solution? Why can’t the CBI see it? I have told this solution to my CBI contact in Iraq. I hope they run with it? Let’s see how this idea pans out.
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IRAQI POST PROGRESSES TO THE YELLOW MARK IN THE INTERNATIONAL CLASSIFICATION
The Ministry of Communications announced that the Iraqi Post has progressed from the red mark to the yellow one in the classification of the Universal Postal Union.
A statement by the ministry, received by Al-Masalla, stated that the Iraqi Postal Service, with direct support from the Minister of Communications, Hayam Al-Yasiri, was able to change its classification in the Universal Postal Union’s monthly compliance panel from the red mark to the yellow mark during the past few months.
He added: As the plan indicated an increase and change in the performance of the mail in terms of processing speed and complete collection of customer information, through the obligation to send the contents stipulated by customs and mail.
(yet just more positive progress for Iraq moving in to the 21st century 😊 😊)