The markets have suffered three legs down in the last few days. This is usually a great time to buy before Markets move three legs up.
But, an interesting thing happened today. The lack of buyers kept me from participating in the game because of the noticeable numbers of investors not following normal Market patterns.
This does not look good for tomorrow, the next day, and following unless buyers start coming into the market. My stance is a wait and see. If others are doing the same, we may have an alert status and moment of caution for the markets.
More and more countries are beginning to trade in their local currencies, and it's hard to know just yet if this is beginning to have an effect on the dollar.
I will report more as I go along and find out more details.
Brazil Banks report Tier4b liquidity to be released by
Thurs. 11 April.
MarkZ and Wolverine believe Tier4b will have liquidity by Mon. 15 April.
Some New York banks were told announcement of the Global Currency Reset would happen by Mon. 15 April, though most believe the General Public announcement will be on Sun, Mon, 21st or Tues. 22nd April.
Zimbabwe has announced their bonds must be redeemed by Tues. 30 April 2024.
Al-Khazali calls for Iraq’s freedom to dispose of dollars: America is not kind to us and this is our money
Qais al-Khazali, the Secretary-General of the Asaib Ahl al-Haq group, contacted Prime Minister Muhammad Shia al-Sudani on Wednesday to request that he highlight the matter of Iraq’s freedom to dispose of its US currency funds during his impending travel to the US.
“The issue of economic sovereignty, and Iraq’s ownership of its decision-making and sovereignty regarding its disposal of its US dollar funds, is important and complex,” Al-Khazali said during his Eid prayer sermon to a group of worshippers in Baghdad.
“This is our money, and America is not favoring us,” he said, highlighting how crucial it is that “Iraq has the freedom to dispose of this money according to its interests.”
Furthermore, Al-Khazali stated that Iraq has shown “great compliance with these conditions, despite the unfair, unrealistic, and exaggerated conditions set by the US Treasury on disposing of the dollar,” taking into account the US’s attempts “to exploit the economic card to maintain the current military status of its forces in Iraq, and this is what we do not accept.”
FRANK26:"HOW IS THIS POSSIBLE AT A PROGRAM RATE?"....F26
Sudanese government spokesman announces a 50% reduction in external debt
4/8/2024
The Iraqi government announced, on Monday, a 50% reduction in external debt, renewing its determination to continue creating a qualitative shift in the Iraqi economy.
Government spokesman Bassem Al-Awadi said in a statement received by Shafaq News Agency, “As an emphasis from the government on transparency in economic work, and informing public opinion and national and international media of Iraqi economic performance, and in light of the Council of Ministers’ approval of the recommendations of the Diwani Order Committee 23942, related to regulating borrowing.” The government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022 to $15.976 billion in 2023. “Righting to approximately $8.9 billion this year.”
He added, "These financial steps (which included stopping a number of borrowing operations due to their delay and unproductivity, organizing and managing debts and auditing them, and restructuring some debts and directing them to create strategic projects) aim to prevent the Iraqi economy from mortgaging obligations that may affect the political decision in the future." Or in the path of national development, which coincides with an urban renaissance and infrastructure reconstruction, which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities.”
Al-Awadi continued, “The government organized the process of financing cooperation with the international community in specific contexts, including direct productive borrowing, providing sovereign guarantees to ensure the production of projects undertaken by the private sector for the benefit of the government, and sovereign guarantees provided by the government for the benefit of institutions that finance the Iraqi private sector importing production lines for Building factories inside Iraq.
He pointed out that "these steps pave the way towards further integration of our country into the international economic cycle, and for the government to adopt the principle of productive borrowing only, which effectively leads to an increase in the domestic product, and the financing of national service and productive projects with economic returns, in a way that ensures their completion and is not delayed." .
With these firm steps, Al-Awadi explained, “The government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure, and social care sectors, which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities and goals.” ".
The Prime Minister and the Emir of Kuwait discuss joint work to open horizons towards sustainable development
4/10/2024
Prime Minister Muhammad Shia Al-Sudani and the Emir of the State of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, today, Wednesday, discussed joint work to open horizons towards sustainable development.
The Prime Minister’s Media Office stated, in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shiaa Al-Sudani received a phone call from the Emir of the State of Kuwait, Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah, during which congratulations were exchanged on the occasion of the blessed Eid Al-Fitr. The two sides expressed their wishes to the two brotherly peoples, and to the rest of the peoples of the Arab and Islamic nation, for continued stability, security and prosperity.
The statement added, "The call witnessed discussion of bilateral relations between the two countries and an effort to strengthen them, and highlighted the current challenges at the regional and international levels, and ways of joint action, in order to extend stability and open horizons towards sustainable development for the benefit of the peoples of the region." LINK