Notes From The Field By Simon Black
January 26, 2018 Panglao, Bohol, Philippines
Common Sense Investing Wisdom From Mr. Miyagi
Almost exactly a year ago to the day, on January 23, 2017, I wrote to you in this column that the US dollar was overvalued against almost every currency in the world.
Specifically, I described how Donald Trump and Fed Chair Janet Yellen BOTH wanted a weaker US dollar:
Donald Trump told the Wall Street Journal last week that the US dollar is “too strong. And it’s killing us.”
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KTFA:
Salamon69: Everything this week has been calculated and every move intentional. For me that really started on 1/22 when we got article #1 and they the mysterious currency as background on the cbi. THIS Whole process as Frank has said is a MASTERPIECE!!!
DELTA: from 1-26-18 FAMILY: SO AN HOUR AGO ONE OF IRAQI CHANNEL ON THE TICKER THEY SAID THAT CBI STRATGEY ON DINAR EXTERNAL EXCHANGE RATE IT WILL 1-1..........WOW
Chicano: It's hard to contain the smile on my face!!! So the next OBVIOUS question is............. tick tock tick tock
AnotherMailman: Awesome! I think the articles said that the Kurdistan teachers get paid this Sunday. 1-1 has a nice ring to it.
HbHockyDad: Hey Frankie what do you think of Deltas news tonight. Pretty exciting yeah
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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Friday Night 1-26-18
blackgold: Baghdad, November 8, 2017- The newly released Doing Business Report 2018 titled Reforming to Create Jobs finds that Iraq has implemented in 2016/17 substantive changes in the local regulatory framework in two main areas: Starting a Business and Getting credit.
blackgold: In fact, starting a business in Iraq has become easier by combining multiple registration procedures and reducing the time to register a company. Entrepreneurs are no longer required to register separately with the tax authority.
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KTFA:
DELTA: FAMILY: SO AN HOUR AGO ONE OF IRAQI CHANNEL ON THE TICKER THEY SAID THAT CBI STRATGEY ON DINAR EXTERNAL EXCHANGE RATE IT WILL 1-1 ..........WOW
Manu68: omg delta woohoo
Damb777: Thank you Delta ... Like .. WOW..
PMac: BOOM!!!!!!!!!!!!!!
DELTA: WELCOME ALL.......... WE WILL SEE WHAT NEXT WEEK BRING US...
StephenMac63: It is at this point the Whales and Sharks get into a frenzy.........Im just thankful to being a "Lucky Guppy"....hmm, that sorta has a ring to it,,,,,CBI has said before it will be "on par" with the USD, meaning equal value. Ticker on Arabic TV confirms this. Question is not "what".....it's "When"
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Zimbabwe’s Multi-Currency Confusion
By Brian Hungwe
BBC News, Harare
Once known for its billion dollar notes and hyper-inflation, Zimbabwe must be the only place in the world to have eight currencies as legal tender - none of them its own.
For the last five years most people have been using US dollars or South African rand, but pula from Botswana and British pound sterling have also been changing hands.
Now the central bank is also allowing the use of Australian dollars, Chinese yuan, Indian rupees and Japanese yen.
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Zimbabwe’s trillion-dollar note: from worthless paper to hot investment
What’s been one of the best-performing investments of the past seven years? Shares in Facebook? London property? Bitcoin? Up there with the best, believe it or not, are Zimbabwean 100 trillion dollar notes.
A trillion, by the way, is a million million. There are 12 zeros in a trillion. Add another two to reach the total on the Zimbabwean 100 trillion dollar bill, the note with the most zeroes of any legal tender in all recorded history.
The bills circulated for a few months in 2009 at the zenith – or, more precisely, the nadir – of one of the most terrible instances of hyperinflation in history, before Harare finally abandoned the Zimbabwean dollar in favour of the South African rand, the US dollar and several other foreign currencies.
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Full Transcript of Trump's Speech at the World Economic Forum in Davos
1/26/2018 11:22:00 AM News
By POLITICO STAFF 01/26/2018 07:55 AM EST
Picture
President Donald Trump delivers a speech to the World Economic Forum. | Evan Vucci/AP Photo
The following is the speech President Donald Trump delivered at the World Economic Forum at Davos, Switzerland on Jan. 26, 2018.
It’s a privilege to be here at this forum an business and science diplomacy and people from world affairs gathered for many, many years to discuss how we can to advance prosperity and peace.
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KTFA:
Samson: WB, IMF CEOs meet President ED
26th January, 2018
World Bank CEO Kristalina Georgieva this Thursday met with President Emmerson Mnangagwa on the sidelines of the World Economic Forum in Davos, Switzerland.
The President also met with IMF Managing Director Christine Lagarde.
The two global financial institutions welcomed President Mnangagwa’s commitment to stabilising the Zimbabwean economy and working towards normalising the country’s engagement with the international community.
The WB and the IMF reiterated their commitment to continue to support Zimbabwe as it addresses its economic challenges.
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