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Friday, January 6, 2017

KTFA UPDATE, 6 JAN


Elaine:  Walkingstick:  Thanks so much for all of the articles you bring in daily.  You are amazing.  This room would be lost without you.  Thanks to all of the other newshounds as well.  

I noticed the article below and I have a question.  It seems like demonetizing is being used more and more.

 What if Iraq came out with a new rate and demonetized at the same time.
 
If they demonetized the 25,000 notes we would not be in a good position.  Any thoughts?
Thanks for any help you or anyone else can offer. 

Walkingstick:  In short: When, a (demonetization) is put into effect.... the exchange rate is not adjusted. The affects of (demonetization) on the exchange rate, may not be realized for weeks,  months or years to come.. The process is used to weed out Black Money, counterfeit currency, tax evasion...etc:


Walk India, as an example... their (demonetization) amounts to no more then that of cash.. then the currency itself. The method of release, India chose....Demonetizing currency units on a whim, in such a short period of time.. without, educating the people prior to and or introducing new currency units in sync.. a huge political and economic risk. One that could collapse the entire economics of the country.

Although, India has done so twice before... usually countries facing total economic collapse and or hyperinflation make such a bold move...  In reality, it is impossible to know the long term economic effects of India's demonetizing their currency units...

In saying that, Iraqis monetary reform has been in place for roughly 14 years.. Yes, like so many other countries... they may demonetize certain currency units at some point, after the reinstatement and release of lower denominations... But, that time will come when the timing is right... for the Iraqis. Which, is why... Iraq continues to circulate, and is their reasoning behind their decision not to demonetize their remaining currency units from 2003 after the introduction of 2013 currency units ....

Unlike India, Iraq is/was fully aware... they must educate the Iraqis themselves on their currency reform, anything less.. non acceptance.. could be disastrous...

India, Iraqis example of how not to demonetize... Baby steps.....Walkingstick
 
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Crystal:  omg dow jones 19,997!!

Millie:  FRANK,  you'd said 

"IMO … they know the date … and they need to accomplish this in the MOOKLA of 2017.
The 31st should have been the date that the budget was released … BUT … I believe it is being held by the President.

They don’t hide the budget FROM us … they hide it FOR us".


My my questions and thoughts are, IYO..........

1.  Isn't MOOKLA to be in the Beginning? 

2.  WHICH President!!   Theirs, or our NEW One?  Because They  definitely don't like the past one  

3.  IF they are hiding it for US, could it be til somewhere around let's say the "20th"?
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Frank26:  Friend ................ The answer to Your qts can be found on MONDAY'S CC ............. Please enjoy.     BUT !!!
 
May i also suggest that You re-watch the video where o turned his back on A in the White House front lawn when A was seeking a Handshake of Respect for his accomplishments in Iraq up to that point in time.
 
o KNEW what he was doing ............ In front of the media.
 
Trust me ............... A KNOWS what he does at THIS point in Time.
 
IMO ............ The world hates o's tenure....... His stint ............. Stunk.
 
IMO ............ The International World likes Trump ................... Because he is the opposite of .......... Stank.
 
C U on TEAM CHAT at 9 pm est ........ BTW i am not saying this is why Budget is protected from view ............ Just saying to LOOK again ......... \m/

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Sheila:  I agree if you go back to the video of Obama and Christine Lagarde  they snubbed Abadi.  When I saw that video even I was offended that are President Obama acted like that.  Even to make things worse it went international.  So think about the middle east and you know Abadi isn't going to take this likely.  Abadi is a very smart man and he knows how the system works.   This of course is all in my opinion.

Frank26:  Not bad SHEILA girl !!!  BTW ............. What IF ................ There was a new DRS video .............. Wouldn't that be cool?  Yet if so ................. i would hide that too ............. From the Net.

Eli:  I was also thinking something along these lines.  
Obama will have a royal fit if Iraq doesn't RV before he leaves office.
He won't be able to pay off some of our debt and take some much needed credit for doing something.  He will flip if is all given to Trump

Frank26:  The snub is NOT the reasons for the wait of today.
It is the TASTE of the last 8 years .............. ALSO WASTED !!!
Respect bonded with Credit of it is earned ................ Not Stolen.
The M.E. HATES o ...... They have Camels ............. But the Memory of Mammoth's !!!
(Elephants never forget?)

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