KTFA (Walkingstick)

Walkingstick: SNIPPET

The Oil Price Is Now Controlled By Just Three Men

Julian Lee,Bloomberg Sun, Nov 18 3:00 AM EST

(Bloomberg Opinion) — OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.

https://www.yahoo.com/finance/news/oil-price-now-controlled-just-080017880.html

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Monday Night KTFA CC 11-19-18

The first part is business Promo and the second part is Dinar/Iraq Intel

PLAYBACK #: 641.715.3639 PIN: 156996#

AUDIO REPLAY

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Walkingstick:  ftti:   12 ——> 9 ..  Trillions to Billions …. RD coupled with RV … moving forward —–> RI …  Follow, the Turkmenistan model..

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Tink:  POSTING A DIFFERENT TRANSLATION FOR FRANK

The central Bank of Iraq, on Monday, unveiled the details of the “Currency structuring” project, which aims to eliminate 3 zeros, to facilitate currency trading.

“The Currency structuring project, when it first faced many objections, was postponed to be put back in 2014 and started to apply, but the emergence of ISIS was a new reason to postpone it,” said director-general of release and Cabinet Abdul Kreem Hassan in an interview with Nas today (19 November 2018).

“The Currency structure project aims to delete three zeros to convert the thousand dinars to one dinar, while the thousand dinars in the place of the million dinars,” Hassan said. “The project allows for the printing of new categories of dinars and half dinars, down to the handling of the fils,” he said.

“The idea is integrated and there is a comprehensive study and the project needs only to be implemented,” he stressed, stressing that “this project must be carried out despite the constraints that led to its postponement.”

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Purifiers:  Stress Testing

What is ‘Stress Testing’

Stress testing is a simulation technique often used in the banking industry. It is also used on asset and liability portfolios to determine their reactions to different financial situations. Additionally, stress tests are used to gauge how certain stressors will affect a company, industry or specific portfolio. Stress tests are usually computer-generated simulation models that test hypothetical scenarios; however, highly customized stress testing methodology is also often utilized.

BREAKING DOWN ‘Stress Testing’

Stress testing is a useful method for determining how a portfolio will fare during a period of financial crisis. Stress testing is most commonly used by financial professionals for regulatory reporting and also for portfolio risk management.
Regulatory Stress Testing

Following the 2008 financial crisis, regulatory reporting for the financial industry and specifically banks was significantly expanded with a broader focus on stress testing and capital adequacy mainly due to the 2010 Dodd-Frank Act. Beginning in 2011, new regulations in the United States required the submission of Comprehensive Capital Analysis and Review (CCAR) documentation for the banking industry. CCAR documentation requires banks to report on their internal procedures for managing capital and banks are required to include various stress-tested scenarios.

In addition to CCAR reporting, systemically important banks in the United States deemed too big to fail by the Financial Stability Board, typically those with greater than $50 billion in assets, must provide stress tested reporting on planning for a bankruptcy scenario. In the government’s most recent reporting review of these banks in 2018, there were 22 too-big-to-fail systemically important international banks and eight based in the United States.

Currently, BASEL III is also in effect for global banks. This is a global reporting stress test that requires reporting documentation on banks’ capital levels with specified requirements for stress testing of various crisis scenarios.

Stress Testing for Risk Management

In investment portfolio management, stress testing is also commonly used for determining portfolio risk and setting hedging strategies to mitigate losses. Portfolio managers use internal proprietary stress testing programs to manage and test their portfolios against market occurrences and potential events.

Asset and liability matching stress tests are also widely used in business and investment management. Asset and liability matching stress tests can be used by companies to ensure proper internal controls and procedures. Retirement and insurance portfolios also greatly utilize stress testing to ensure efficient streams of cash flow and payout levels.

Types of Stress Testing

The use of Monte Carlo simulation is one of the most widely known methods of stress testing. This type of stress testing can be used for modeling probabilities of various outcomes given specific variables. Factors considered in the Monte Carlo simulation often include various economic variables.

Companies can also turn to professionally managed risk management and software providers for various types of stress tests. Moody’s Analytics is one example of an outsourced stress testing program that can be used for portfolio stress testing.

READ MORE HERE: https://www.investopedia.com/terms/s/stresstesting.asp

Don961:  An American agency: 3 people who control the oil markets in the world

basnews en

19/11/2018 – 19:49

The Organization of Petroleum Exporting Countries (OPEC) has lost control of the oil markets, and the process in this vital market of the global economy is determined by three figures.

The leaders of three of the world’s top oil producers – Russian Presidents Vladimir Putin and Donald Trump, along with Saudi Crown Prince Prince Salman – will influence the oil price track in 2019 and beyond, the agency said in an analytical article published on Sunday.

As OPEC struggles to unify the ranks, the United States, Russia and Saudi Arabia dominate the world’s oil production, with the output of the three countries of black gold exceeding 15 members of the Organization of Petroleum Exporting Countries.

She noted that the United States, Russia and Saudi Arabia are pumping oil at record levels, each of which can increase production in 2019, although it does not prefer this option.

According to Bloomberg data, Russia’s production of crude, condensate and liquefied natural gas (LNG) is 12.3 million barrels per day, Saudi Arabia’s production is 12.2 million barrels, while US production is 15.2 million barrels daily.

On the impact of these three countries in the oil market, she pointed out that Saudi Arabia, which relies on oil revenues significantly, decided to reduce exports by about 500 thousand barrels per day, next month, with lower prices in the market.

Trump and its criticism of OPEC to cut production have also had a significant impact on prices, with prices dropping every time the US president releases a tweet.   link

Rayw102:  I know over the years this has been explained over and over but I have never had it explained so that I can understand it. How does dropping the 3 zeros not turn our 25,000 notes into 25. Please pardon me if I seem a little slow. I rarely post or ask questions but I follow Frank and his team closely. I just need this broken down in laymans terms.

Sunnyday:
  Not sure I’ll explain it properly but the note itself does not change you are only dropping the zeros from the rate. Right now the program rate is 1190 IQD. When they drop the zeros the rate will be 1.190. I’m sure others may explain it better. So 1 IQD would be 1.19 to 1 US$.  IMO

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Hawger03
:  Years ago, I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.

Popeye07:
  Yes he did, and that is the obvious time frame… But Dr. Shabibi did not say that is when the dinar would be reinstated…  Revalued yes, but reinstated before RV… Frank’s study has mentioned this quite a few times…  IMHO!

Miitiaman:  Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then… imo  ~ MM