Thursday, September 19, 2024

FRANK26…..9-18-24…..LIFEVANTAGE PROTANDIM / UPDATE

Central banks of the world begin the journey of “monetary easing”.. What does it mean?, 19 SEPT

 Baghdad-Mil  

The “monetary easing” journey began in most central banks around the world, after the US Federal Reserve lowered the federal funds interest rate, and many banks followed suit, including the Gulf countries .

On Wednesday, the US Federal Reserve cut federal funds rates by 50 basis points to a range of 4.75% – 5%, in the first cut since March 2020 .

Immediately, the central banks in the Arab Gulf states announced a reduction in interest rates by varying percentages, following the US Federal Reserve in reducing them, amid expectations of further monetary easing in the coming months .

US and global markets feared that cuts of less than 50 basis points would stoke fears of a further slowdown in the already sluggish US labour market .

The Central Bank of the UAE decided to reduce the “base rate” on overnight deposit facilities by 50 basis points to 4.90 percent, while the Saudi Central Bank announced a reduction in the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and a reduction in the reverse repurchase agreement (reverse repo) rate by 50 basis points to 5 percent .

Qatar Central Bank also decided to reduce interest rates by 55 basis points on deposits, lending rates and repurchase (repo) rates to 5.20 percent, 5.70 percent and 5.45 percent respectively .

The Central Bank of Bahrain announced a reduction in the interest rate on overnight deposits by 50 basis points from 6.00 percent to 5.50 percent  .

Meanwhile, the Central Bank of Kuwait decided to reduce the discount interest rate by 25 basis points from 4.25 percent to 4 percent .

What does the decision mean?

The decision to lower interest rates means that the markets will witness more money being pumped into the US and global markets alike, especially since the dollar is a global payment, trade and investment currency .

With the reduction of interest rates on the dollar, central banks whose currencies are pegged to the dollar, and even those that are not pegged to it, will follow the same direction as the Federal Reserve, to keep the attractiveness of their currencies strong against the dollar by moving in one direction with the movement of interest rates on the dollar .

In this case, several factors will occur that will stimulate markets and investment, most notably that the world will witness more borrowing due to the decline in interest rates, after nearly two and a half years of high interest rates .

More borrowing means that cash will go either towards investment or consumption, or both, and ultimately contribute to increased production, consumption and employment  .

Another issue is that a mass of money that was deposited in banks by individuals and companies and on which they were receiving monthly or annual returns will leave the banks, either to be invested directly, or to buy shares or gold .

This applies to most global markets, which have seen negative expectations from the International Monetary Fund regarding a slowdown in their economic growth this year, due to the negative economic mood and geopolitical tensions .

The third thing is that lowering interest rates under the current conditions of the US economy will be positive for investors, and since the US economy is the largest in the world and constitutes about 24 percent of the global gross domestic product, the health of the economy will be reflected in global markets. 

https://miliq.news/economy/35831–.html

TNT UPDATE, 19 SEPT

 TNT

  • Wed. 18 Sept. 2024 TNT Update
  •  “Banks got memos yesterday Tues. 17 Sept. telling them to get ready and be there this morning because it was scheduled between now and Fri. 20 Sept. The RV announcement should be by tomorrow Thurs. 19 Sept. There is a scheduled time but no one wanted to put it out. We are now waiting for the big announcement on the Fed rate. The Market will change with the Fed announcement. They want things to settle down and then will let the RV go. The rates are out. The Banks are ready. This should be our final call.”
---

TNT UPDATE 

GOOD MORNING TNT. TODAY IS WEDNESDAY SEPTEMBER THE 18TH 2024


I WAS THINKING WE WOULD DO THIS A LITTLE BIT DIFFERENT; BUT I DIDN'T TELL RAY


HERE IS THE GOOD NEWS.............THE TECHNICAL SITUATION HAS BEEN RESOLVED.Sep 18


 BANKS GOT MEMOS YESTERDAY- THEY WERE SUPPOSED TO GET READY AND BE THERE -THIS MORNING, THE MESSAGE WAS GET READY BECAUSE IT WAS SCHEDULED FOR THIS MORNING 


 BETWEEN NOW AND FRIDAY - WE ARE NOW WAITING FOR THIS BIG ANNOUNCEMENT ON THE FED RATE AND WHAT IT WILL DO FOR THE ECONOMY


IT COULD GO WHILE WE ARE ON THIS CALL OR RIGHT AFTER - BUT THE RV ANNOUNCEMENT SHOULD BE TOMORROW MORNING; NOT FRIDAY


THERE IS A SCHEDULED TIME BUT NO ONE WANTED TO PUT IT OUT THERE


THE MARKETS SHOULD CHANGE IMMEDIATELY AFTER THE RATE CHANGE WHICH IT NORMALLY DOES Sep 18


MARKET WILL CHANGE WITH THE FED ANNOUNCEMENT. THEY WANT THINGS TO SETTLE DOWN AND THEN LET THE RV GO


 WE WILL SEE AND WE ARE LIVE. THINGS GOING MINUTE BY MINUTE - I'VE GIVEN YOU ALL THE INFORMATION. THE RATES ARE OUT, THE BANKS ARE READY. HOPEFULLY, YOU ARE ALL READY


THE TEXTS AND THE EMAILS WILL GO OUT; YOU SHOULD BE PREPARED 


I WAS TOLD WE WILL BE THE FIRST ONES TO GET THE INFORMATION FROM THE BANKING SIDE SOMEONE ELSE WILL ALSO GET IT - ANOTHER GURU. 


SO THIS SHOULD BE OUR FINAL CALL


https://dinarevaluation.blogspot.com/2024/09/tnt-update-18-sept.html

DINAR REVALUATION. HIGHLIGHTS!, 19 SEPT

 


https://youtube.com/shorts/Xu9uIapcy9U?si=z-xONpMdriy3Iqmo

Leader in the Framework: Washington moved to abort the amendments to the Personal Status Law, 19 SEPT

 Issam Al-Kriti, who is in charge of the Coordination Framework, said on Wednesday that Washington tried three times to stop the changes to the Personal Status Law in Iraq.

Al-Kriti said in a meeting with , “Washington is experiencing a social and moral emergency and it sees that any regulations that build up values in any nation are a wellspring of risk to the strategy of supporting homosexuality.”

He added, “Washington moved multiple times to cut short the individual status regulation in Iraq through pressures by means of consulates and endeavors to shake things up under the affection of common liberties, however it at last fizzled.”

“The US embassy’s interference in Iraq’s affairs is not the first, and it is condemned and represents a violation of the country’s sovereignty,” he said.

It is essential that the Place of Agents finished yesterday the second perusing of the draft alterations to the Individual Status Regulation.

SUMMARY OF LAST POSTS OF FRANK26, 19 SEPT

 Frank26  

 Article:   "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"

  This is what's happening right now.  This is called diversion tactics...slight of hand.  This was done with China and it was done with Kuwait...This is part of the monetary reform.  To put out disinformation that is a deterrent, maybe, that is putting

speculators at bay.  

Frank26   

I pray that this dream will come true for the both of us. 

 It is very close.

  There's no doubt about it. 

 All the indications are pointing that it's very close.  I just hope we get some good news when Alaq [returns from] New York...

Frank26 

 The new lower notes and the new exchange rate will revolutionize the whole Middle East, let alone the whole world...The monetary reform is the linchpin.  It's the trigger.  It's the button that will be pushed to change financial structures around the world...We investors of the dinar have a backup for a backup in order to survive this global financial change... 

Frank26 

 Article:  "Iraq and America to resume negotiations on the banking sector next Monday" 

 ALAQ'S VISIT IS ON IRAQI BANKS... IRAQI BANKS ONLY CARE ABOUT A NEW EXCHANGE RATE.

Frank26 

  I don't care about the WTO and HCL because it only waits for one thing, the new exchange rate.  The only mechanism that everyone is waiting for is the new exchange rate.  

That is the simple fact.  This fact is real because Sudani is constantly reinforcing that idea...by constantly coming out on TV and talking to you [Iraqi citizens] about you're going to get purchasing power.

We found out the 3 zero notes are going to coexist with the lower notes for 10 years.

  Do you understand the power behind that?  

That means we're going to be able to participate in not only the float but the Real Effective Exchange Rate (REER)

 Frank26 

 The goal is what?  Retrieve those [Three zero notes].  

How

As soon as we raise the value, give them purchasing power, as soon as we drop the 3 zeros, they're going to bring in all that 80 something percent [still in Iraqi mattresses]...The monetary reform plan is brilliant...It is moving at a very fast pace.

DINAR REVALUATION 

ANALYSIS OF WHAT EDDIE TOLD TO FRANK26: 

"Then Saleh talking about oil being sold in dinars instead of dollars." 

 Economist back on tv saying it’s time to drop the zeros."

---It sounds like there's a couple of interesting economic discussions happening in Iraq right now!

  1. Saleh and Oil Sales in Dinars: Saleh's suggestion to sell oil in dinars instead of dollars could be aimed at strengthening the Iraqi dinar and reducing dependence on the US dollar. This move could potentially stabilize the local economy and improve national financial sovereignty. However, it would also require significant adjustments in international trade agreements and currency exchange systems.

  2. Dropping Zeros from the Dinar: The economist's call to drop zeros from the dinar is a common monetary policy strategy known as "currency redenomination." This involves introducing a new unit of currency that is worth a thousand or more times the old unit. It's often done to simplify transactions and improve the currency’s image after periods of high inflation or economic instability. For Iraq, this could be a step towards stabilizing the currency and restoring confidence in its value.

Both of these measures reflect efforts to address economic challenges and enhance the stability of Iraq's financial system. The success of these strategies will depend on how they are implemented and their impact on the broader economy.

SEEMS THAT WE ARE REALLY CLOSE TO OUR DESIRED RV!!!

https://dinarevaluation.blogspot.com/2024/08/dinar-revaluation-update-seems-that-we.html

THE OIL & GAS BILL STANDS AS A SIGNIFICANT LEGISLATIVE MILESTONE TO IRAQ...

TNT UPDATE, 22 DEC

TNT Fri. 20 Dec. 2024 TNT  A guy had 150 million Dinar. 50 million of it brought $28.50/Dinar. The other 100 million Dinar brought him $7.xx...