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Restored Republic via a GCR: Update as of Feb. 18, 2020

Restored Republic via a GCR: Update as of Feb. 18 2020 Compiled 18 Feb. 2020 12:01 am EST by Judy Byington, MSW, LCSW, Therapist ret, J...

Thursday, October 6, 2016

More KTFA Highlights and Excerpts w/ Frank26 for 10-5-16


 » October 5th, 2016

The IMF currency basket that sets the value of the Special Drawing Rights (SDR) is determined as follows:

"The 2015 Review—Currency weights

The IMF also adopted a new formula for determining currency weights in the SDR basket to address long-recognized issues with the formula that had been in place since 1978. The adopted formula assigns equal shares to the currency issuer’s exports and a composite financial indicator.

The financial indicator comprises, in equal shares, official reserves denominated in the member’s (or monetary union’s) currency that are held by other monetary authorities that are not issuers of the relevant currency, foreign exchange turnover in the currency, and the sum of outstanding international bank liabilities and international debt securities denominated in the currency.

The weights of the five currencies in the new SDR basket based on the new formula are listed below:

U.S. dollar 41.73 percent (compared with 41.9 percent at the 2010 Review)

Euro 30.93 percent (compared with 37.4 percent at the 2010 Review)

Chinese renminbi 10.92 percent

Japanese yen 8.33 percent (compared with 9.4 percent at the 2010 Review)

Pound sterling 8.09 percent (compared with 11.3 percent at the 2010 Review)

The amounts of each currency in the revised basket, effective on October 1, 2016, were calculated in accordance with the above-listed weights on September 30, 2016.

The calculation was made on the basis of the average exchange rates for these currencies over the three months ending on that date, in a manner that ensures that the value of the SDR in terms of the U.S. dollar will be the same on September 30, 2016 under the current and revised valuation baskets.

The new currency amounts will remain fixed over the next five-year SDR valuation period. Since currency amounts are fixed, the relative weight of currencies in the SDR basket can change during a valuation period, with weights rising (falling) for the currencies that appreciate (depreciate) relative to other currencies over time."
Taken from the IMF website. For your information

How are international exchange rates set? (for the newbie)

A: "International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency exchange rates can be floating, in which case they change continually based on a multitude of factors, or they can be pegged (or fixed) to another currency, in which case they still float, but they move in tandem with the currency to which they are pegged.

Knowing the value of your home currency in relation to different foreign currencies helps investors to analyze investments priced in foreign dollars. For example, for a U.S. investor, knowing the dollar to euro exchange rate is valuable when selecting European investments. A declining U.S. dollar could increase the value of foreign investments, just as an increasing U.S. dollar value could hurt the value of your foreign investments.

Factors That Influence Exchange Rates

Floating rates are determined by the market forces of supply and demand. How much demand there is in relation to supply of a currency will determine that currency's value in relation to another currency. For example, if the demand for U.S. dollars by Europeans increases, the supply-demand relationship will cause an increase in price of the U.S. dollar in relation to the euro.

There are countless geopolitical and economic announcements that affect the exchange rates between two countries, but a few of the most popular include: interest rate decisions, unemployment rates, inflation reports, gross domestic product numbers and manufacturing information.

Some countries may decide to use a pegged exchange rate that is set and maintained artificially by the government. This rate will not fluctuate intraday, and may be reset on particular dates known as revaluation dates. Governments of emerging market countries often do this to create stability in the value of their currencies.

In order to keep the pegged foreign exchange rate stable, the government of the country must hold large reserves of the currency to which its currency is pegged in order to control changes in supply and demand." Taken from INVESTOPEDIA website. For your information...

 » October 5th, 2016

BR/ FRANK.............SOURCE ?????

Deletion of zeros from the currency adds a monetary value

The Alojdrb (Bremer) , head of the Iraqi destruction authority when hecanceled the Iraqi currency of the former regime end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy , the traditional inflation phases exceeded until he reached the edge of collapse,

and this procedure is one of the means at hand to handle twice the value of the Iraqi dinar, according to the monetary and banking law,

we have to go back to the basic sources which constitutes a strong factor in restoring confidence to our national currency, which deleted three zeros from Almtadolh currency now put coins and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will achieve the following benefits:

1. Ease of circulation and clarity and knowledge of monetary value so easily to foreigners and Hmaaaml assistant on the purchase and deal with and trust the other hand it raises the monetary value against other currencies ..

2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.

3 for sale . Reduces the cost of Tabaha.az be printed (25) dinars , which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently theeasiest and quality will be high

4. Strengthen and improve the texture by adding elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay. .

5. Reduce the cost of storage in the banks, because we need to Qasat less and less effort and also the smaller the number of employees by the more control and insurance prohibitively high.

6. Easily transported over long distances and easily provide a high proportion of them safely.

7. . Strong cash currency contribute to strengthening the elements of thenational economy.

8. It provides speed and accuracy in trading in settling accounts.

9. gives theworkers , giving them greater self - confidence.

10. Is the risk of error in the calculation of its simplicity and clarity.

11. This will rebuild global confidence in the banks and increases traded.

12 for sale . Also it provides cash to expand its value against the US dollar, theeuro and the EU.

13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term ppm to be replaced by a thousand, and can set up amechanism to withdraw the old currency by subtracting the new currency with them and set a time limit to suspend trading Balkadimh record for aperiod of Omayorasth months, in light of that holds the government banks did not place them again in handle even the decay within the period specified ..

* Fahd Antar Dokhi member of the Iraqi economists Association LINK

 » October 5th, 2016

Roger ................... i will call DELTA tonight to see if he will read it in Arabic. Tell me if You seek more than that.

 » October 5th, 2016

WS .................. DELTA is with me on phone ............. do You want to join us?

 » October 5th, 2016

Frank, I am among others

 » October 5th, 2016


 » October 5th, 2016

Roger ................ Will call You tomorrow.......... All looks very Good.

Alragrossman said (Post #31) Sounds exiting! bless you guys

 » October 5th, 2016

Alragrossman, You posted at 1111................ Now that's exciting !!! What WS put out is what they WERE going to do ............. It is what they ARE doing...... IMO.

Vipor said (Post #33) Frank, you're killing us here... what's with the "go red"?

 » October 5th, 2016

Once in awhile a cluster of info lands in front of us. Right now .......... Things are interesting.

For example i did not SHARE tonight that the WHITELIST was scheduled to go into affect in first qt of 2017.

But it went three months ahead of plans. Why?

Take tonight's CC NOTES and combine them with this extra DESSERT ............. Then ............ Think.

Tonight's CC was Nitro ........... But it looks like my message was not as assimilated as i wanted to accomplish. No matter ............... Time will stand for us.

Walkingstick said (Post #13) BFBR.................. Statement at the End of an IMF Mission on Iraq

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from August 28–September 10, 2016 on the first review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. (See Press Release No. 16/321).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

“The Iraqi authorities and IMF staff started discussions on the first review of the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 7–9, 2016 in Washington, DC.

“During the mission, the team met with the Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, electricity, the CBI, and representatives from the Kurdistan Regional Government, Board of Supreme Audit, and pension commission. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”


 » October 5th, 2016


 » October 5th, 2016

What Is A White Listed Country?

The Organisation for Economic Co-operation and Development’s (OECD) Global Forum on Transparency and Exchange of Information has developed standards of transparency and exchange of information together with the cooperation of non-OECD countries.

These standards are perceived as the international norm for tax cooperation and are part of the ongoing attack on uncooperative tax havens.

Tax Havens

The OECD identifies four key factors in considering whether a jurisdiction is a tax haven:

Nil or only nominal taxes are imposed to attract non-residents who wish to escape high taxes in their country of residence;

There are no substantial activities of the tax payer in that jurisdiction;

There is protection of personal financial information against scrutiny by foreign tax authorities; and

There is a lack of transparency in the operation of the legislative, legal or administrative provisions.

A jurisdiction is said to be a tax haven if some, but not necessarily all, of the above features are present. However, there is no specific or confirmed definition of a tax haven.

White, Grey and Black Lists

Based on the internationally agreed tax standard, the OECD has formulated “white”, “grey” and “black” lists.

White List – jurisdictions that have implemented the internationally agreed tax standard – i.e. not considered to be a tax haven by the OECD.

Grey List – jurisdictions that are committed to the internationally agreed tax standard but have not yet substantially implemented this standard – i.e. may meet some of the above mentioned tax haven criteria.

Black List – jurisdictions that have not committed to the internationally agreed tax standard – i.e. no steps have been taken by the jurisdiction to cooperate with the OECD to implement the standard.

The OECD published a report on 18 May 2012 on the progress made in relation to jurisdictions implementing the internationally agreed tax standard; the report lists all white, and grey listed jurisdictions. There were no black listed countries on this date.

Tax Inspectors Without Borders

In May 2012, the OECD indicated that the Task Force on Tax and Development had launched a new initiative, namely Tax Inspectors Without Borders / Inspecteurs des impĂ´ts sans frontiers, to help developing countries strengthen their domestic revenues by making their tax systems fairer and more effective.

The OECD have also indicated their intention to establish an independent foundation that will provide international auditing expertise and advice to help developing countries address tax base erosion, including tax evasion and avoidance.

Bravo PURIFIERS ........ NOW ....... IMPLEMENTED !!! I fear tonight's CC may go to waste.

 » October 5th, 2016

Frank.... I will speak straight forward my thoughts.

Many of the articles seem to be written PAST Tense to me. Therefore it appears to me that there is COMPLETION.

I am looking for evidence of when the revelation of the truth is to be given.

I have a time frame that I believe things will come to Light. I am excited; yet calm. The Event Horizon I believe you called it..... Makes Me Smile Kind Regards, Naphtali

 » October 5th, 2016

Naphtali, I believe You meant ......... The Truth of the Revaluation ......... LOL.

Of course they are in the past tense......... it is what we teach You. I too have a time frame ...... Framed on the 7th of July of this 2016.

IMO ............ We are in the Event Horizon spitting Out un-needed X-Ray energy in the form of Red Heat. It is The Point of Singularity that we NOW seek. And yes ........ I am Excited to eat Clams in Hawaii

Justinanddeb said (Post #36) FRANKIE, FRANKIE: VERY SOOM. fireworkes_gif WE GET IT...J&D

 » October 5th, 2016

Ahhhhhhhh ? ............. IMO ............ Yes. Corruption is about to become apoplectic in Iraq................ Good.

Naphtali » October 5th, 2016

What is the best definition of Singularity? The term Singularity has many definitions.

The everyday English definition of Singularity is a noun that designates the quality of being one of a kind, strange, unique, remarkable or unusual.

​For a more specific definition of Singularity we can search The Wiktionary where we get the following five Singularity definitions:

1. the state of being singular, distinct, peculiar, uncommon or unusual

2. a point where all parallel lines meet

3. a point where a measured variable reaches unmeasurable or infinite value

4. (mathematics) the value or range of values of a function for which a derivative does not exist

5. (physics) a point or region in spacetime in which gravitational forces cause matter to have an infinite density; associated with Black Holes


What we are most interested in, however, is the definition of Singularity as a technological phenomenon -- i.e. the Technological Singularity. Here we can also find a variety of subtly different interpretations of the definition of Singularity.


John von Neumann was quoted as saying that "the ever accelerating progress of technology ... gives the appearance of approaching some essential singularity in the history of the race beyond which human affairs, as we know them, could not continue." His definition of the Singularity was that the Singularity is the moment beyond which "technological progress will become incomprehensively rapid and complicated."

https://search.yahoo.com/yhs/search?p=Point+of+Singularity&ei=UTF-8&hspart=mozilla&hsimp=yhs-004 ​


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