,KTFA Members "News and Views" Friday Morning 9-21-18

9/21/2018
 
KTFA:

Walkingstick:  ftti.(for those that inquired) ... The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation...  Iraqis/ we will, read of ... it will be in print ....  The when, why, exchange -rate, description/s,  photos of..... etc:

GodsServant:  Thank you WS for this reminder

IMO at this point in our study the latest articles that we have seen complimented with Iraq's and the Fab 4's actions since the beginning of 2018 prove to KONA that the RI CAN NOT FAIL

The recent meeting in Jordan with the Central Bank Governors is monumental based on them discussing  the "issuance of currency, and Monetary Policy and Payment Systems"

We all know that the HCL is front and center and the RI does not need the HCL but the HCL needs the RI

Delta is pointing us to the Line item showing a 2000% percent increase in money spent for printing/producing new currency ( maybe LD's)
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Is the GOI seated, IMO not yet. It appears the Kurds/Barzani are now happy and within 48hrs the President will be named/ Does the Constitution say the PM must be seated by the 25th, I look for Frank and Teams to verify and help interpret the wording of the Constitution

The education continues in and outside the Mosques and as Frank has said everyday during morning prayers

We are taught Abadi and Allack will visit the White House and Trump holds something on his desk , not revealed to us yet.

The US Mid Term elections are Nov 6th and the upcoming UN mtg scheduled for next week
It has been surmised that the US Treasury holds 7 Trillion Dinar............hmmmm

Frank has taught us that historically Sept is ACTIVATION month

Frank appears he has been given permission to provide KONA with a video this Saturday where IMO will focus on the GOI and MR

We are taught to now just watch the CBI, I also watch the BIS, follow the Turkmenistan Article, and wait on the latest posts from WS, and our teams

After being in the investment for some time I recognize the only constant is change. This is a fluid study and the above is only my high level focus points as we as KONA wait on the STUPENDOUS update.

Be Blessed KONA/Because IMO we Are  

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Samson:  The death of the Vietnamese president at the age of 61 years

 21st September, 2018

Vietnamese President Tran Dae Quang died at the age of 61 on Friday, local media reported. 

"President Tran Dae Quang died at 10:05 am (local time) on Friday morning," the VNA news agency said.

For his part, local television reported that the causes of the death of the president is due to "serious illness", "in spite of the efforts of doctors and specialists, local and foreign."   LINK
 
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Sthomas: (ii) prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest;
 
https://www.whitehouse.gov/presidential-actions/executive-order-authorizing-implementation-certain-sanctions-set-forth-countering-americas-adversaries-sanctions-act/

WCM:  Wow!  I need someone smarter than me to look over the EO, but considering ALL that is going on with our government and certain individuals...... This seems like it could be VERY relevant.  ​

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Jay:  Basel Committee finalises stress-testing principles, reviews ways to stop regulatory arbitrage behaviour, agrees on annual G-SIB list, discusses leverage ratio, crypto-assets, market risk framework and implementation
 
Press release  |    20 September 2018

The Basel Committee on Banking Supervision met in Basel on 19-20 September to discuss a range of policy and supervisory issues, and to take stock of its members' implementation of post-crisis reforms.

The Committee discussed:

the results of the annual assessment exercise for global systemically important banks (G-SIBs). These were approved by the Committee and will be submitted to the Financial Stability Board before it publishes the 2018 list of G-SIBs. The Committee also agreed to publish the high-level indicator values of all the banks that are part of the G-SIB assessment exercise; 

progress on revising the market risk framework. The Committee expects to finalise these revisions around the end of the year; 

banks' responses to regulatory change, including potential arbitrage transactions. The Committee will publish a newsletter on leverage ratio window-dressing behaviour, whereby banks adjust their balance sheets around regulatory reporting dates to influence reported leverage ratios.

The Committee will consider Pillar 1 (minimum capital requirements) and Pillar 3 (disclosure) measures to prevent this behaviour. The Committee also agreed to clarify the treatment of "settled-to-market" derivatives in the Committee's liquidity standards and has published a response to frequently asked questions on this topic; and the outcome of its review of the impact of the leverage ratio on client clearing.

It also discussed an associated joint consultation paper by the Committee, Financial Stability Board, Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions on the effects of post-crisis reforms on incentives to centrally clear over-the-counter derivatives, consistent with the G20 Leaders' commitments to reform OTC derivatives markets.

The Committee agreed to publish a consultation paper next month to seek the views of stakeholders as to whether the exposure measure should be revised and, if so, on targeted revision options.

The Committee also agreed to publish a revised version of its Principles on Stress Testing, following the consultation paper published in December 2017. The revised principles will be published next month.

The Committee exchanged views on emerging conjunctural and structural risks. Part of this discussion focused on banks' exposures to crypto-assets and the risks such assets may pose. The Committee agreed on further work on this topic that will inform its views on banks' crypto-asset exposures.

Committee members reiterated their expectation of full, timely and consistent implementation of the Basel III standards for internationally-active banks.

As part of the Regulatory Consistency Assessment Programme, the Committee assessed Saudi Arabia's implementation of the Net Stable Funding Ratio and large exposures standard as "compliant"; the reports will be published soon.

The next meeting of the Basel Committee is scheduled for 26-27 November 2018 in Abu Dhabi.

https://www.bis.org/press/p180920b.htm

Samson:  Including Iraq, warned 39 countries in the world of food insecurity

 21st September,  2018

Thirty-nine countries, including 31 in Africa, 7 in Asia and one in the Caribbean (Haiti), are food insecure, including Iraq, the Food and Agriculture Organization of the United Nations (FAO) has confirmed.

A recent report by FAO said that ongoing conflicts and climate-related shocks are currently leading to high levels of acute food insecurity, particularly in South Africa and the Near East, which still need humanitarian assistance.

Long conflicts, extreme events and displacement continued to hinder the access of millions of vulnerable people to food.

The list of 39 countries that require external food assistance includes Afghanistan, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Congo, Democratic People's Republic of Korea, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Guinea, Haiti).

Iraq, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Pakistan, Senegal, Sierra Leone, Somalia, Southern Sudan.

According to the report, FAO's latest forecast for global cereal production this year suggests output fell 2.4 percent year-on-year, the lowest in three years.

FAO is a specialized agency of the United Nations that leads international efforts to eradicate hunger and operates in more than 130 countries.   LINK


Samson:  Russian gas giant is considering the use of gold in his trade

 21st September, 2018

Gazprom is considering implementing a new mechanism in commercial accounts for its supply to foreign markets by linking these supplies to other foreign currencies away from the dollar, with gas prices linked to gold.

US sanctions have forced Moscow, the Russian firm to seek alternatives to the US currency in its trade settlements with its customers, to reduce reliance on the dollar, as Russia's transactions in the US currency may be subject to restrictions if sanctions were expanded.

"We have several ideas on how to carry out trade accounts in national currencies, including linking different currencies with a common denominator, and gold can be that," said Gazprom's head of contracts, Artium Axenev.

The gold will be used as a medium to set the exchange rate between two currencies, and the buyer will be able thanks to this mechanism to pay the price of gas supplies in his country's national currency, while Gazprom will receive the price of supplies in the Russian ruble.   

The senior official at Gazprom said that the company currently uses currencies such as the Russian ruble, the dollar, the euro and the pound in settlements with the company's customers.

On the volume of Gazprom's exports, Russian company data show that in 2017 it exported about 192.2 billion cubic meters of gas, compared to 178.3 billion cubic meters in 2016.

The data indicate that European countries are the most prominent markets for Russian gas, as Germany leads the list of importers of Russian gas, followed by second place Turkey, and then Italy.   LINK