Friday, June 28, 2024

"BANKS HAVE UNDERGONE SEVERAL STRESS TESTS THIS YEAR" BY GOLDILOCKS, 28 JUNE

 GOLDILOCKS

Banks have undergone several stress tests this year. They have, also, gone through a simulation of what is called a mirroring event of national news that would cause stress on the banking system.


Research has shown that the large banks are capable of undergoing extreme funding stress scenarios. For this reason, it is believed that a lessening of capital requirements will be needed to move forward.


This will enable more banks to be protected under new amended OCC and FDIC rules as we approach our transition from this economy to the next. Small to mid size banks are still at risk, and people need to be aware of these risks and able to mobilize their money if needed. 


Commercial real estate appears to be the largest concern, and plans are already in place to reset this portion of our economy. Basel 3 has long been delayed, but this new report is very encouraging to transition into these new banking regulations. 


As we have said several times in this room, Europe has a date of January 1st, 2025 to begin the implementation of their Basel 3 regulations. This is a target point for the rest of the world to reach, and many have come a long way. 


Currently, less predictable testing for Capital Requirements are being suggested. We have, also, talked about this being a period of time when Credit Valuation Adjustments would take place on every level of the market, banking system, and Forex. It looks like we are doing that right now. These will continue to provide the needed information for International Valuation Standards Committee (IVSC) to begin there task of currency valuations at the end of January 2025.


© Goldilocks 


https://www.nytimes.com/2024/06/26/business/bank-stress-tests.html

💥IRAQI DINAR & VIETNAM DONG RATES & BANK STORY💥 #iraqidinar #dinar #vie...

PM Al-Sudani calls for enhanced cooperation with NATO post Global Coalition withdrawal, 28 JUNE

PM Al-Sudani calls for enhanced cooperation with NATO post Global Coalition withdrawal

Shafaq News/ Prime Minister Mohammed Shi Al-Sudani received, on Thursday, the Commander of the NATO Mission in Iraq, Lieutenant General Lucas Schreurs, who recently assumed command of NATO Mission in Iraq.


According to the Prime Minister’s media office, the meeting discussed the security situation in the region and the NATO Mission's efforts and its cooperation with Iraqi security institutions in the fields of advisory, training, and intelligence coordination in tracking down remnants of ISIS terrorist gangs.


Prime Minister Al-Sudani emphasized the importance of developing bilateral cooperation with the NATO Mission in training and information coordination with the Iraqi armed forces, following ending the Global Coalition's mission in Iraq. "This cooperation is vital for enhancing security and contributing to the stability of the region."

Lieutenant General Schreurs, expressed his gratitude to the Iraqi government for its support for the NATO Mission and for providing the necessary facilities for its operations in Iraq, as per the statement.


Iraqi armed factions have issued a 40-day ultimatum to Prime Minister Al-Sudani, demanding a definitive plan for the withdrawal of US forces from the country, a political source revealed on Wednesday.

The ultimatum, conveyed by various armed groups, highlights mounting pressure on the Iraqi government to expedite the departure of American troops, whose presence has been a contentious issue since the US-led invasion in 2003.


"The factions have set a deadline until mid-July for the government to settle the issue of the US military presence," the source told Shafaq News Agency on condition of anonymity, adding that failure to comply would result in renewed military operations against American interests in Iraq and the region.


In early February, attacks by armed groups on US forces in Iraq and Syria had ceased temporarily following the killing of three American soldiers in Jordan by a drone strike, which prompted retaliatory airstrikes by the United States on Iraqi and Syrian targets.


Against the backdrop of these developments, a senior political source clarified to our agency that "several armed factions have instructed Al-Sudani and his government to provide a publicly announced and binding timetable for resolving this issue. Otherwise, military operations against US targets and interests will resume."

Earlier this year, Iraqi Kata'ib Hezbollah announced a halt to its operations against US forces "to avoid embarrassing the Iraqi government," instructing its fighters to adopt a temporary defensive posture.

Armed Iraqi factions have periodically conducted attacks on US military bases in Iraq and Syria since late October 2023, spurred by the war in Gaza.


"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 28 JUNE

 Frank26 

  [Iraq boots-on-the-ground report]  

 FIREFLY:

How can Sudani say again today the dinar is worth more than the dollar, yet it's still 1320?  My bank guys says, simple.  All these contracts and agreements with other countries is with dinar at a new rate which they are operating it without nobody else's knowledge...it has to be that, no other explanation.  
--

 FIREFLY:

Saleh on television saying the third strategy phase that we're in right now with the CBI...is a new methodology that will enhance Iraqi financial and banking reform which will make the bank stronger locally and internationally.  FRANK:  It's the new exchange rate and the lower notes...I believe the words Sudani is using with the CBI are words that tell the citizens there is a new exchange rate in the budget without saying those words directly...
----

FIREFLY:Measures by the CBI they say will reduce the dollar rate...They say it will help reduce the dollar rate in coming days. 


 FRANK:  The only measure the CBI is taking to reduce the amount of dollars in your country is the introduction of a new exchange rate that will add value to your currency, to your lower notes, and eradicate the need of using any foreign currency This is the goal of the monetary reform process...I agree, in the coming days this mechanism...will bring forth value to your currency and continue to remove the American dollar from your society.

----

 FIREFLY:Measures by the CBI they say will reduce the dollar rate...They say it will help reduce the dollar rate in coming days.  


 FRANK:  The only measure the CBI is taking to reduce the amount of dollars in your country is the introduction of a new exchange rate that will add value to your currency, to your lower notes, and eradicate the need of using any foreign currency.  This is the goal of the monetary reform process... I agree, in the coming days this mechanism...will bring forth value to your currency and continue to remove the American dollar from your society.

FIREFLY: International finance team is on the television channel one...They're saying the economic reform is Iraq is at an increasing rate and we have invested over $2 billion in Iraq.  

FRANK: This is the international finance community.  They all know what's going on.  When they say your economic reform has increased...what they're talking to you about without saying it, because they cannot, is the float.

FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate.  Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320.  Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320

FRANK:  They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.

----

FIREFLY:  Gold reserves over 145 tons TV says. 

 FRANK:  No...It's not 145 tons.  It's a lot more.   They're never going to tell you the right amount...It's a heck of a lot more than that.  Notice every time they talk to you about their gold it just gets bigger and bigger.  That is because of the success that is going on with the rewriting of the contracts and the success of the monetary reform...

 FIREFLY:  My bank friend...reminded me...remember back in February of this year when Alaq came out and he talked to us on television and he said, Iraqi citizens the project to delete the zeros still exists.  He didn't say the plan is to LOP our currency.  They are two totally different things.  We are deleting zeros and adding value.  

FRANK:  I love this because it's coming from the horse's mouth, a man of authority who knows what he's talking about...

---

 FIREFLY:  They told us...due to typo errors in the printing of the budget it will be reaudited and sent back to gazette...after EID holiday...All sound little fishy to us...An Iranian proxy saying budget is under appeal but we see nothing official of that...We trust it is going to be in gazette after EID holiday...

  FRANK: They know what you are about to receive - your purchasing power.  They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing...

https://dinarevaluation.blogspot.com/2024/06/iraq-boots-on-ground-report-by-firefly_0922640454.htm

Humanitarian Projects Part 2 (clip)~ Mother Susan Price {Full video, Par...

Iyad Allawi warns of "unannounced civil war", criticizes US for failing to protect democracy, 28 JUNE

Iyad Allawi warns of "unannounced civil war", criticizes US for failing to protect democracy


Shafaq News/ Former Iraqi Prime Minister Iyad Allawi has warned that Iraq is experiencing an "unannounced civil war" among its various factions and criticized the United States for failing to protect the country's democratic experiment. 

Allawi also highlighted the dangers posed by the resurgence of ISIS and other extremist groups due to poor conditions in Iraqi prisons.


In an interview with The National, Allawi, Iraq's first post-2003 prime minister and a self-described secular Shia Arab, emphasized that the conflict, once predominantly between Sunni and Shia communities, has now extended to tribal and regional disputes. "If this problem persists, it will lead to a full-scale civil war across the country," he warned.


Reflecting on his tenure and the 20 years since he assumed office in Baghdad, Allawi described Iraqi prisons as "breeding grounds for extremism." He stressed the need for prison reform and the release of those detained for political reasons to prevent the resurgence of ISIS. "The prisons are a breeding ground for ISIS, and the extremist group may be on the rise again," he said, suggesting an amnesty as one solution.


Allawi called for a push towards national unity and reconciliation among Iraq's diverse ethnic and religious groups. He expressed disappointment over Iraq's trajectory in the two decades since the US-led invasion that toppled Saddam Hussein. The invasion, he said, led to years of corruption and sectarian politics that have infiltrated government ministries and offices.


Highlighting the violent years of 2006 and the rise of ISIS in 2014, Allawi noted that while these periods of turmoil seem to have ended, the underlying tensions continue to escalate behind the scenes. He stated, "There is now an unannounced civil war. I was against the occupation and the war, but the Americans wanted to divide the country into Sunni and Shia regions. Now we see Shia against Sunni, Shia against Shia, and Sunni against Sunni."


Allawi criticized the 2005 constitution for failing to establish equal citizenship and for creating a government-run on sectarian quotas. He accused the US and its allies of not protecting Iraq's democracy, which he said led to endless internal conflict and regional instability.


Reflecting on the 2010 elections, in which he won but failed to form a majority government, Allawi accused Iran of playing a detrimental role by blocking his path to the premiership, allowing Nouri al-Maliki to take office instead. "Iran played a very negative role. They collaborated with the Americans when Saddam was overthrown and began dictating the course of events in Iraq," he said.


Despite his Coalition Government's commitment to a secular future for Iraq, Allawi believes the political climate and electoral mechanisms at the time were not conducive to a fair voting system. "If I had known this was the situation, I would not have held the elections. No group or list should appear as Shia, Sunni, or Kurdish," he said.

Allawi has recently voiced his concerns to senior politicians in Baghdad under Prime Minister Mohammed Shia Al-Sudani's administration, urging them to call for early elections. "We need to correct ourselves before we lose all of Iraq," he stated.

Blaming the US for fostering divisions between Sunnis, Shias, and Kurds, Allawi warned that the situation has gradually worsened over time, leading to the Iraq we see today. He also raised concerns over recent attacks, such as the assault on KFC restaurants in Baghdad, questioning the ability to maintain relative calm and stability achieved after ISIS's defeat.

"If this continues, we could see direct attacks on Americans stationed in Iraq, which is a significant possibility," Allawi warned, emphasizing the need for the rule of law, national unity, and the application of the concept of citizenship. "Iraqis are ready to risk drowning in the sea rather than remain citizens in a country that fails to provide adequate public services," he concluded.

"RV UPDATE" BY PIMPY, 28 JUNE

  Pimpy 

 I'm going to tell you the truth.  Here's the truth, Iraq has taken major strides and getting their crap together.  Is the Iraqi dinar going to go up in value?  Yes it will.  Is it going to happen tomorrow?  Is is happening over in Europe?  Is it happening over in Brazil or China?  No, no it's not.  There is no in-county/out-country rate.  No one group of people has had dinar exchanged.  Nobody's got their blessing...

--

Article:   "Expert likely to keep exchange rates within their current rates"   It's not going to happen that quickly.  There's so many more hurdles for Iraq to jump through. 

--

I challenge any content creators out that's making videos about the dinar...to...a debate...Bring  your receipts.  Bring your proof that I'm wrong and I'll bring my proof why I say I'm right.  That's all you have to do.  It's not  that hard...Remember that I challenged people out there...I would give them $5,000 if they could...have a debate with me and prove me wrong about anything that I'm saying...How many people showed up?  

Zero.  

When you hear somebody tell you that, 'Hey in one country you cannot move forward and rebuild with huge projects with an exchange rate of 1,320 of your currencies for $1' just say, 'Oh yeah? 

 Look at Vietnam who has 26,000 of their currencies for every $1 and they continue to move forward.'