More News, Rumors and Opinions Tuesday Night 5-14-19
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More News, Rumors and Opinions Tuesday Night 5-14-19
KTFA:
Sunkissed: MM, Isn’t there a spoken timeline for the ITBs to open for banking business Mid-May? Common sense would tell me that would put us at this week, China deal done or not. What do you think about that? ~ Sunkissed
MilitiaMan: Yes, it is thought that mid May per their words is to be the time frame for an operational branch (i.e., international.) to open in the SA Kingdom in Riyadh.
Along with many others thereafter or possible in unison. As I believe even the Rafidain is going to as well open branches in varying countries in the region.
We haven’t seen anything to suggest that it is still not the game plan thus far..
I personally don’t think they would effectively tell us that they are going to open them and not do it or at least delay it, and then not say something about it by now.
....
I defer to PP on the matter and his opinion imo is that the Saudi’s take money issues very seriously and will frown on delays. So depending on ones definition of mid month we are seriously close to that, as we all can see. But, let’s say they use a window for to guide them. Mid month is upon us effectively.
Let’s see what happens.. I am very bullish for this window being mid May, they gave that time frame no us.. lol
I am also of the mind that we are not waiting on any Chinese deals now and I have re thought that. Trump has already made his move back on the 5-6th with them. He gave the Chinese all the rope they needed and on cue they hung themselves by not making a deal. Office boy told us they were waiting on "one". That imo was the trigger when Trump told them to take there time, as we can wait and collect tariffs while you decide!! Lol
Imo it is possible that Trump based off his very bold statements as of late / today and over the last few days, as being very confident in that he knows he has the money to hold out! He has the money to even clean house in Iran if ever need be and trust me imo Iran knows it..
So since Trump has the reins, we are now not waiting on a deal.. He’ll make one if it is equitable for us, but, with his coffers full from the Dinar RI over at the UST, he has all the time in the world.. Let’s not forget also the allies we have that have Dinar and even the countries within the region are going to get a hand up!!
Now I get why Frank used a word.. It was “Attrition”, I questioned him on it as it has a negative connotation, but, in this case I do believe he is correct and it was used in a positive manner.. The regional players holding Dinars will support their currency not to mention the trade exchange they will be doing.
Since we were told by "office boy" (a FF) about the 5-6th, I’ll stand that may be the day(s) in history that Trump did in fact make a decision that will be the best in his presidency and that was to allow the Chinese to do what they do best, as in trying to get more and more.. (reference Steve Bannon interview)
By not showing 5-6th to talks, he told them to take their time while we collect..$$$
It has assured a win for Trump by him doing so, as he has more money, more money to come!! Lol
So let’s see what they share with us from here on out!! I am very pleased!! ~ MM
PS ~ Executive Order 13303 is up on May 22nd.
UN Operational Rates needed to have paper work in yesterday if applicable for tomorrow, the 15th of May (mid month) ` MM.
Iraq Trade Bank said mid May.. ~ MM
Delta mentioned the Financial Management Law amendments from the MOF is to be after the rate change.. We shall see. The Law was enacted on 01/13/2019, the new amendments are just that, new and are on going concerns just like any other law(s) can be. imo ~ MM
Alak is the CBI Gov. He is the VP and will be the President of the AMF. He is not going to the AMF with a program rate to draw down the AMF, he is going to the head of the class to bring the value of the Region up along with Iraq! imo ~ MM IMO
SP: MM - do you know the date Alak will become the President of the AMF? Thank you!
MilitiaMan: They way they worded it imo he is acting VP now and when the next session starts he becomes President. I imagine once he activates his side of things, it will be in time.. lol We shall see.. ~ MM
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2Cents: IMSO......Mid May was a general statement with no specific date made when all thought the IMF would give the green light on 5/02......IMO, Based on the news articles and their preliminary Article IV Consultation report, they did not.....Look at all the high pressure meetings since....especially with the Kurds.....IMSO, it is pretty obvious where we are currently...
MilitaMan: The Trade Bank said Mid May. That is about now so it is not unrealistic at all. In my opinion, the MR has been on steroids and we are seeing it. Just yesterday they speak of more success in the Financial Inclusion realm..
Also, just as the IMF was given a report in regard to the 2018 Surplus on 04/10/2019 right on time. jmtc.. ~ MM
So, yes things look great.. We watch and wait. ITB has FB video tha may be very reveling on opening of the Bank in short order. ~ MM
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MilitiaMan: Trade Bank of Iraq Video Posting this per Delta and It sounds like it could be a very important piece to come.. ~ MM
Iobey777: wow!! From the comments with this video, it seems the bank has opened!!! IMO!!! So let's see the new rate, please!!!!I'm gonna be watching for an announcement from the CBI shortly!!!!
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