Saturday, August 24, 2013

KTFA's Frank26 & Members Dialogue

KTFA's Frank26 & Members Dialogue

08/24/2013
dew7 wrote on August 23rd, 2013, 9:59 am: With still the hopes of the HCL being passed, the articles of increased value of the Dinar by June 2014 articles coming out, and the new file that Frank wants to open on Monday's CC call, it seems to me we are not as close to this thing happening as I thought we were or wish.... I just dislike seeing articles with projected dates this far out again... how many times must we go in circles with this?

Post By Frank26 » August 23rd, 2013, 10:26 am  •   Please avoid 52 pick up.

As I tell You that IF Iraq has FAILED to lift the 000 of their currency to improve their exchange rate .. AND THEY KNOW THIS .. Then watch the IMF embarrass them.

They were given full permission to do this on their own with or without M this year.

Just LIKE the USA Troops .. The IMF will also take over to finish the job if need be.

One last thing... Look at Your notes. Where did I tell You last year that M and his family would end up? ..... London.  Ta Da.  Aloha Friday KTFA Ohana..KTFA, Frank
...
Read More Link On Right

walkongstick wrote on August 23rd, 2013, 10:32 am:  India to explore local currency trade possibility with Iraq   By PTI | 23 Aug, 2013, 03.05PM IST4

We are exploring possibilities (of payment in local currencies -- dinar and rupee) as we have substantial import ... ," Sharma said.

NEW DELHI: Faced with declining value of rupee and volatile exchange rate, India is exploring the possibility of bilateral trade with Iraq in domestic currencies, Commerce and Industry Minister Anand Sharma said today.

The issue of payment for trade in local currencies will be discussed during the bilateral meetings between visiting Iraqi Prime Minister Nouri Kamil Al-Maliki and Indian Ministers.

"We are exploring possibilities (of payment in local currencies -- dinar and rupee) as we have substantial import ... We will definitely be discussing this issue," Sharma told reporters here.

India-Iraq bilateral trade currently stands at around USD 21 billion.

Speaking at function organised by industry chambers, visiting Prime Minister Al-Maliki invited Indian industry to take advantage of the business opportunities in different sectors like agriculture, health and education in Iraq.

"I invite Indian companies to invest in Iraq. There are great opportunities and wide avenues in different sectors," he added.

Payment for trade in local currencies will to some extent help India in dealing with the exchange rate volatility and declining value of rupee, which yesterday slipped to a lifetime low of 65.56 against the US dollar intra-day.  LINK

Post By lcm » August 23rd, 2013, 10:56 am  •  [Post 236] Excellent Article WS !

Why would India do that if the currency (dinar) isn't traded internationally?

They are getting US dollars right now from any sales to Iraq.

Would you accept dinar if the only place you can exchange it as at the CBI in Iraq and at the current value??? - unlesssssssssssss you are speculating that the value of the dinar is going to increase sustainably over your currency in the near future.

You have to have a presence in Iraq to accept local currency, you can't send it outside the CBI (Iraq) currently. They have to convert it at the auctions to US dollars to send it to India.

I don't know but this seems to shed some light on they are going international soon???

There's seems to be more to the story (statement) then they are shedding light on. Hmm?

Post By Frank26 » August 23rd, 2013, 11:08 am  •  [Post 239] Oh my goodness. Wow... WOw... WOW!!! This is not only interesting but the why's behind it are very good for our investment. IMO............. Amen.  KTFA, Frank

Post By Jim33 » August 23rd, 2013, 12:04 pm  •  [Post 255] Thank you Frank for the info thus far today. Is there any way we can get any additional info from Eagle1 as well? My wife and I watched the money shows into the wee hours of the morning. There is a lot of confusion on the 3 hour shut down. Here are some comments made,   "The problem has been "Identified and Addressed?"

"The problem stemmed from and "Un-named" exchange participant?"

Has it been fixed? They know who it is, but are not telling? Is this the IMF? If the family could get a post from Eagle1, on anything, that would be appreciated. Thank you again Frank and Tink for all that you do. :handshake3:

Post By Frank26 » August 23rd, 2013, 12:51 pm  •  [Post 264] I posted yesterday that I will open a new file on Monday's CC ............. It will answer many of Your qts  KTFA, Frank

Alan wrote on August 23rd, 2013, 1:09 pm: Not so sure why it cant be seen just as it is... A shutdown and a restart... Or a glitch as they put it.. I mean we believe that the Forex hasent been loaded with all the currencies because of some glitch.. Thats what its being sold to us as... A glitch in the system.. and this is been going on for two months.. NASDAQ was only down 3 hrs.. I dunno.. But computers break ........

I see a system that went down and now its back up with no visable changes... So, it appears to be pretty black and white.. Im not one to always try and find gold at every rainbow..

I like to think outside the box but not at the expense of reality.... Just my two cents and no offense to those who are trying to find hope in this matter. Look in my left hand so you dont see whats in my right........Also, not sure if I over read the articles but i didnt see where it said M was in London.. I saw the articles say M's family was in London..

Post By Bluebeach » August 23rd, 2013, 1:37 pm  •  [Post 280] Alan, the part that always catches my attention on these type of 'computer problems' is that you would have to believe that their entire IT department is just sitting there scratching their heads wondering what happened and further that they are too stupid to figure it out, not to mention the part about having purchased crappy hardware.

It's just doesn't ring true. It's one thing for you and me to have a computer malfunction (which is what the articles imply you could relate to), it's another thing to have something this big go this wrong in a system that is being manned by the brightest minds in the country.

I do agree though, not everything is smoke and likewise not everything is related to the dinar - but 'glitch' is a cop-out in my world.

Post by Sheba » Fri Aug 23, 2013 1:50 pm • [Post 283]  Frank:  I just read an Internet article regarding Iraq & India's PM's meeting to discuss oil being traded to India in exchange for assistance in rebuilding Iraq's infrastructure. India is requesting payment be made in India's currency (ruple) to help India's currency situation. Will this force Iraq to raise the value of their currency to do business?

Post By Frank26 » August 23rd, 2013, 7:10 pm  •  [Post 12] I like things in threes so here goes............

#1) Toilet paper can NOT help used toilet paper.

What India and Iraq are doing is the same thing that MANY investors are doing right now ............. Using a new rate without our knowledge.  Because for now it is none of our business.  But ... IMO ... they are making it ......... Ours.  KTFA, Frank

abrahamschosen wrote on August 23rd, 2013, 7:05 pm: And for my prize I would love a blue post from Mr. Frank 26 explaining if CL speech today was what he was looking for pleaseeeeeeeeeee :daisy: :daisy:

Post By Frank26 » August 23rd, 2013, 7:14 pm  •  [Post 14] #2) Study and learn and follow this as it evolves.

Post by walkingstick » Fri Aug 23, 2013 2:06 pm • [Post 288]   COMPILATION +5

Indian Minister: We will discuss with Maliki payment in trade between the two countries in local currencies instead of the dollar   Friday, August 23 / August 2013 20:28

Image

In the NBA special from New Delhi told all of Iraq [where] that the Minister of Indian Commerce and Industry Anand Sharma said on Friday that his country was considering the possibility that the bilateral trade with Iraq in the two currencies rupee and the dinar instead of the dollar in order to face devaluation of the Indian rupee and exchange rates volatile.

The Indian minister said that the issue of payment in local currencies in trade between the two countries will be discussed during the bilateral meetings between Iraqi Prime Minister Nuri al-Maliki and Minister Indians.

"We are exploring the possibilities (pay in the local currency, the dinar and the rupiah), we have to import large and we will certainly discuss this issue.

It is known that the bilateral trade between India and Iraq have now reached about 21 billion U.S. dollars.

Meanwhile, al-Maliki has called in a meeting organized by the Chambers of Industry Indian industry to take advantage of business opportunities in different sectors in Iraq, such as agriculture, health and education in Iraq.

He said, "I invite Indian companies to invest in Iraq. There are great opportunities and broad prospects in different sectors."

Experts believe that the Indians will pay in the local currency will help to some extent India in dealing with exchange rate fluctuations and the devaluation of the rupee which fell to its lowest level on record 65.56 against the U.S. dollar during the day / End  LINK

August 23, 2013, 6:11 a.m. ET

India, Iraq to Discuss Payment Mechanism Countries Seeking Partnerships in Oil-and-Gas, Chemical,

By BIMAN MUKHERJI And SAURABH CHATURVEDI CONNECT

NEW DELHI—India and Iraq will explore the possibility of a payment mechanism in their local currencies as the nations seek to expand their business partnerships, Indian Trade Minister Anand Sharma said Friday.

Iraqi Prime Minister Nouri al-Maliki, who is in India on a four-day visit, said his country will seek partnerships with India in the oil-and-gas, chemical and agricultural sectors.

India and Iraq are scheduled to sign an agreement on cooperation in the energy sector later in the day, which is expected to substantially increase fuel supplies to India.

The details of the agreement will be disclosed only at the time of its signing, according to Mridul Kumar, a joint secretary at India's foreign ministry.

Iraq is the second-largest supplier of crude oil to India after Saudi Arabia. India's crude-oil imports from Iraq are estimated at about $20 billion annually.

Last year, India introduced a rupee payment mechanism with another oil exporter, Iran. Under that system, worked out by New Delhi and Tehran to skirt Western sanctions against Iran, India places rupee-denominated payments in an Indian bank to pay for oil.

Funds are debited from that account when Iran purchases Indian goods that include grains, drugs, consumer products and auto parts.  LINK

walkongstick wrote on Fri Aug 23, 2013 10:32 am: India to explore local currency trade possibility with Iraq By PTI | 23 Aug, 2013, 03.05PM IST4

Post By Frank26 » August 23rd, 2013, 7:14 pm  •  [Post 14] As for CL .... No .... Nothing yet.  KTFA, Frank

Post By Frank26 » August 23rd, 2013, 7:21 pm  •  [Post 16]  And #3)............ Yes ..... I and You NOW know that M's family is in London. But I was asked where is M? Answer: He hides behind skirts.  Most of his are in London............ ;)  KTFA, Frank

Post By Frank26 » August 23rd, 2013, 7:33 pm  •  [Post 19]   #3.5) ........... LOL. If the NYSE is accustomed to giving us incorrect numbers then why would it be so difficult for them to lie about a glitch? It's not. KTFA, Frank

jd435d wrote on August 23rd, 2013, 7:55 pm: I would like to know why another 0 was added to the exchange rate today and very few noticed 1166.00 to 1166.000

Post by Frank26 » August 23rd, 2013, 8:04 pm  •  [Post 27] Look at other currencies across the board to see if You find the same. IMO..... Variables were opened to swing in either direction yesterday hidden among ..... lies.KTFA, Frank

jd435d wrote on August 23rd, 2013, 7:55 pm: I would like to know why another 0 was added to the exchange rate today and very few noticed 1166.00 to 1166.000

Post By lcm » August 23rd, 2013, 8:16 pm  •  [Post 31] I do have a comment on why they add another zero. If they are going to go to $.86 or there about, they need the third zero to list the fraction of the value. i.e. $.867 and so on.

Technically if you're going to trade it on the FOREX you need four zeros to the right of the decimal. Hmm?

Post By jd435d » August 23rd, 2013, 6:55 pm • [Post 24]  I would like to know why another 0 was added to the exchange rate today and very few noticed 1166.00 to 1166.000

Post By trident704 » August 23rd, 2013, 10:20 pm  •  [Post 71] Good evening, everyone. jd435d, yours is an astute observation. Allow me to illustrate. Most currency pairs are quoted using five digits.

The placement of the decimal point depends on whether or not it is a JPY (Japanese YEN) currency pair. If it is, then two digits appear after the decimal point.

For all other currency pairs, there are four digits to the right of the decimal point. For example, EUR/USD looks like this: 1.3053 ...but USD/JPY looks like this: 84.23 ...now, a "pip" is what the last digit to the right of the decimal point is called.

Thus, if something moved from 1.2345 to 1.2350, it is said to have moved five pips. To have three digits to the right of the decimal point, like the currencies currently listed on the CBI website, means this listing is now viewed as having a "fractional" position for trade, or one-tenth of a pip.

This is good news for traders because such currencies now have narrower trading spreads. Instead of trading whole pips, like a 3 as the last digit to the right of the decimal point, you see these currencies having a more narrow trading spread of 2.2, or 2.6.

If a currency is even, or what is termed "zeroed out", like 1166.000, the new last digit to the third place, right of the decimal, would appear like 1166.002, or 1166.006.

This means lower transaction costs, over time. Think of it as having the ability to use dimes to break apart an uneven dollar amount, rather than just rounding up, or paying by increments instead of whole minutes on your cellphone.

trident704 » August 23rd, 2013, 10:28 pm  •  [Post 75]  To clarify my last posting, I am aware that the Japanese Yen on the CBI site also now shows three digits to the right of the decimal point.

My earlier remarks remain unchanged, in the sense that this is a good thing for traders. A positive move on the market's part. In His timing, and according to His will, Amen.

Thanks to all for their hard work and dedication; Frank, Tink, Delta, Eagle1, Atlas, and the KTF Cast of Thousands. Soli deo gloria.

http://www.dinarrecaps.com/1/post/2013/08/ktfas-frank26-members-dialogue.html

1 comment:

Anonymous said...

Just received Intel that the Powers To Be are attempting to push through the RV before September 1st because they all lose there immunity on September 1st and this RV is no different than the fiat currency now in play. Its just a different wrapper on the same old system [slavery 2.0]. Basel III has been gutted and there is no gold backing this RV, it is just the talk and motions of value of just another fiat system!

This is what the PTB want to do but it isn't going to happen! Their house of cards is falling down around their ears and the good guys are blocking their every move! The Reason that the Elite are dumping their Mutual Funds [birth certificate investments] is because they can read the writing on the walls. The trade glitch and the so-called computer reboot was actually an attack against their illegal, non-transparent RV.