Popular Post Adam Montana Posted October 14, 2019 Popular Post Report Share Posted October 14, 2019 Good morning Dinarvets! I didn't title this thread "weekly" because it's probably not going to be the "official weekly" update... this is more of a "drive by". I mentioned recently that I have a favorite daily newsletter - it's called "the brew" (you can get it free at that link), and this morning they nailed a lot of topics that were already on my mind. I figured it would be worth making an appearance for these topics, so here we go! Amongst the topics... Trump/Syria/Turkey/Kurds: This one is a little complicated, so let's break it down. It was announced last week that we are withdrawing US troops from Syria, which led to talk of Turkey ramping up attacks on the Kurds, finger pointing at Trump because he's bailing on the Kurds when we are supposed to be babysitting them, Trump responds by saying if Turkey steps out of line we will hit them in the wallet, and here on DinarVets we're all like "wait what about the Iraqi Dinar?!" WHEW! That was a mouthful First, I'll quote The Brew - they said it well enough: Quote One important note: The administration has so far been dealing in threats. No sanctions have been implemented yet, but if they are...what kind of economic damage could they inflict? The major kind. The Trump administration has used economic weapons against Turkey before... In August 2018, Turkey’s lira tanked to a record low after the White House doubled tariffs on Turkish steel and aluminum and imposed sanctions on two Turkish officials. Those moves were meant to pressure Turkey to release American pastor Andrew Brunson...which it did two months later. Bottom line: Already on shaky ground (the lira hit a nearly four-month low last week), Turkey’s economy could go from bad to worse with the addition of U.S. sanctions. Next, let's identify "the Kurds" - I'll quote a part of this WaPo article that gives a good explanation: Quote The Kurds are members of a large, predominantly Muslim ethnic group. They have their own cultural and linguistic traditions, and most speak one of two major dialects of the Kurdish language. After World War I, Western powers promised Kurds their own homeland in the agreement known as the Treaty of Sèvres. But a later agreement instead divided them among Turkey, Iraq, Syria and Iran. Today, there are about 30 million Kurds living across the region, with about half of them in Turkey. Iraq is the only country in the region to have established an autonomous Kurdish region, known as Iraqi Kurdistan. Its parliament was founded in 1992. So, this current news cycle we are reading and hearing about involving "the Kurds" isn't specifically about Iraqi Kurds, but the events unfolding right now are going to do one very significant thing with regards to Iraq... a message is being sent. I'm not saying I approve or disapprove of the tactics, or the decision to withdraw troops, or the decision to put them there in the first place. But what's happening right now is irrefutable evidence that the US of A has a huge influence in the Middle East, the affairs of the Middle East, and therefore... the Iraqi economy, which includes the trade value of the Dinar. What this sets up in the near future is the confidence and assurance that with the US on their side, Iraq can make changes, improvements, and progress. What happened to Turkey in the past, and may happen very soon again, can happen to Iraq. The same is true of the inverse... where we can inflict severe harm, we can also support massive gain. (GO RV!) ================ Politics... Elizabeth Warren has been running ads accusing Facebook CEO Zuckerberg of supporting Trump in the last election, and her ads specifically state that the accusation may not be true. Read that again if you need to ================ Speaking of Facebook, their cryptocurrency Libra lost a ton of backers... PayPal among them, followed by Visa, Mastercard, Stripe, eBay, and Mercado Pago. Tim Apple also stated a "hard no" on an Apple Crypto, which opens up a lot of room for discussion on the future of BTC. My take is that BTC lost a serious potential competitor with Apple pulling out of the game for the moment. Tim's reasoning for not wanting to get involved in crypto actually supports the argument that crypto is destined for success - feel free to chime in on that one! I have a feeling that the recent release of the Apple credit card has more to do with their current stance on "AppleCoin" than anything else. Either way, BTC seems to have stopped pulling back on price and is poised to move up again. I'm keeping a watch on it. =============== That bit about crypto wasn't in the brew's email this morning, but they did mention bank profits... or rather, the decline in bank profits. Quoting again: Quote Earnings are upon us. Big banks are up first...and it might not be pretty. According to Refinitiv, the biggest U.S. banks will report a 1.2% drop in Q3 earnings, the first year-over-year earnings decline since 2016. Blame interest rates. The Fed has lowered rates twice since July and looks poised for another cut this month. Lower rates cap profits by hamstringing what banks can charge on loans. Bank earnings are also a bellwether for the broader economy. They offer a first look at how businesses are responding to macro changes. I'll add a bit to that... banks aren't going to lose money when there is the option of negative interest. Negative interest is when the banks charge you to keep money in the bank, and what kind of impact do you think THAT will have on Crypto? To the moon, baby! 🚀 #HODL =================== That's enough for the Monday morning drive by... Happy Columbus day! ( Sorry, couldn't help myself!) - Adam 5 11 5 12 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted October 14, 2019 Report Share Posted October 14, 2019 19 minutes ago, Adam Montana said: I'll add a bit to that... banks aren't going to lose money when there is the option of negative interest. Negative interest is when the banks charge you to keep money in the bank, and what kind of impact do you think THAT will have on Crypto With the fragility of world affairs today, both politically and economically, the possibility of a complete financial collapse (or at the very least a strong pullback) could be around the corner. Cryptocurrency is, if nothing else, a good insurance plan. Everyone should have a little invested. Thanks for the post Adam 4 2 6 Quote Link to comment Share on other sites More sharing options...
Adam Montana Posted October 14, 2019 Author Report Share Posted October 14, 2019 25 minutes ago, ladyGrace'sDaddy said: With the fragility of world affairs today, both politically and economically, the possibility of a complete financial collapse (or at the very least a strong pullback) could be around the corner. Cryptocurrency is, if nothing else, a good insurance plan. Everyone should have a little invested. Thanks for the post Adam 1 2 5 Quote Link to comment Share on other sites More sharing options...
Popular Post stanleypower Posted October 14, 2019 Popular Post Report Share Posted October 14, 2019 So what you’re saying is we will have an RV of $3.00 by Friday? Did I interpret that correctly? 2 1 28 3 Quote Link to comment Share on other sites More sharing options...
Popular Post Rochester Posted October 14, 2019 Popular Post Report Share Posted October 14, 2019 As to Turkey's role in Iraq, America can punish the Turks with sanctions, that's true. However, America also has carrots for Turkey, as well as sticks: America can also use it's influence to reward Turkish financial interests in Iraq. Such as: Turkey has some of the biggest construction firms in the Middle East, such as The Agaoglu Group. It will take a massive effort to re-build Iraq. The Turks can make a lot of money helping to re-build Iraq, if things work out. The Chinese are already on-board. This can work. By America pulling back from protecting the Kurds in Syria, it sends a message to the Kurds in Iraq. This has practical implications for the Kurds in Iraq. The message is pretty loud and clear, if you follow the region: America no longer is protecting your interests. This forces the hand of the Kurds in Iraq. They have to quit being a pain in the neck, forget about having an independent country, not gonna happen. The background is: because there are Kurds in Iran as well as Turkey, as well as Syria and Iraq, when America doesn't have the backs of the Kurds in Syria, that's a strong message on American intentions in Kurdistan in Northern Iraq. The message for students of history: No one at this point is going to re-draw the map of the Middle East. Those days are gone, by about 100 year, since the Sykes-Picot Agreement redrew the political lines in the area. Obviously that agreement was flawed, it left out the Kurds, didn't give them a homeland. That's a shame. However: It's too late for them now. Kurds have to make peace with Baghdad and the other leaders in countries with Kurds. So no, the Kurds are SOL....America won't back you anymore, for your new Kurdistan Dream..... Is America just being a jerk? No, the reason is practical: The reason is, we don't need the oil in the Middle East any more, so we're leaving. Too bad, Kurds..... Make peace with your neighbors, your dreams of a homeland were squashed by American innovation on fracking oil, which means we don't need ME oil, so Kurdish dreams of a homeland were just killed permanently by both technical innovation combined with foresighted political leadership by President Trump, who as per usual, is miles ahead of everyone on political vision. So to the Kurds America is saying: make peace with the rest of Iraq, pass the oil law, revalue your currency, open up to the world. Then you'll make a lot of money. Don't want to, Kurds? Then I don't care. Talk to the hand and go fight the Turks, fight Baghdad. Not America's problem any more. 5 6 25 Quote Link to comment Share on other sites More sharing options...
Popular Post Adam Montana Posted October 14, 2019 Author Popular Post Report Share Posted October 14, 2019 5 minutes ago, stanleypower said: So what you’re saying is we will have an RV of $3.00 by Friday? Did I interpret that correctly? I should have just came out and said it, sorry for beating around the bush 2 4 28 Quote Link to comment Share on other sites More sharing options...
Popular Post Adam Montana Posted October 14, 2019 Author Popular Post Report Share Posted October 14, 2019 3 minutes ago, Rochester said: As to Turkey's role in Iraq, America can punish the Turks with sanctions, that's true. However, America also has carrots for Turkey, as well as sticks: America can also use it's influence to reward Turkish financial interests in Iraq. Such as: Turkey has some of the biggest construction firms in the Middle East, such as The Agaoglu Group. It will take a massive effort to re-build Iraq. The Turks can make a lot of money helping to re-build Iraq, if things work out. The Chinese are already on-board. This can work. By America pulling back from protecting the Kurds in Syria, it sends a message to the Kurds in Iraq. This has practical implications for the Kurds in Iraq. The message is pretty loud and clear, if you follow the region: America no longer is protecting your interests. This forces the hand of the Kurds in Iraq. They have to quit being a pain in the neck, forget about having an independent country, not gonna happen. The background is: because there are Kurds in Iran as well as Turkey, as well as Syria and Iraq, when America doesn't have the backs of the Kurds in Syria, that's a strong message on American intentions in Kurdistan in Northern Iraq. The message for students of history: No one at this point is going to re-draw the map of the Middle East. Those days are gone, by about 100 year, since the Sykes-Picot Agreement redrew the political lines in the area. Obviously that agreement was flawed, it left out the Kurds, didn't give them a homeland. That's a shame. However: It's too late for them now. Kurds have to make peace with Baghdad and the other leaders in countries with Kurds. So no, the Kurds are SOL....America won't back you anymore, for your new Kurdistan Dream..... Is America just being a jerk? No, the reason is practical: The reason is, we don't need the oil in the Middle East any more, so we're leaving. Too bad, Kurds..... Make peace with your neighbors, your dreams of a homeland were squashed by American innovation on fracking oil, which means we don't need ME oil, so Kurdish dreams of a homeland were just killed permanently by both technical innovation combined with foresighted political leadership by President Trump, who as per usual, is miles ahead of everyone on political vision. So to the Kurds America is saying: make peace with the rest of Iraq, pass the oil law, revalue your currency, open up to the world. Then you'll make a lot of money. Don't want to, Kurds? Then I don't care. Talk to the hand and go fight the Turks, fight Baghdad. Not America's problem any more. Excellent post. 6 3 12 1 Quote Link to comment Share on other sites More sharing options...
stanleypower Posted October 14, 2019 Report Share Posted October 14, 2019 Awesome info Adam. Thanks for all your hard work 1 8 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted October 14, 2019 Report Share Posted October 14, 2019 Thanks Adam for the drive by. Always look forward to your post and insight. 2 7 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted October 14, 2019 Report Share Posted October 14, 2019 1 minute ago, ChuckFinley said: Thanks Adam for the drive by. Always look forward to your post and insight. Saw that you've been sick. Hope you are on the mend. 3 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted October 14, 2019 Report Share Posted October 14, 2019 Thanks Shedagal, was laid up for a LONG WHILE with Pneumonia. It really but me on my butt. I will be out and back this weekend if all goes well. 9 3 Quote Link to comment Share on other sites More sharing options...
Bigchclte Posted October 14, 2019 Report Share Posted October 14, 2019 Good talk Adam. 4 Quote Link to comment Share on other sites More sharing options...
Knuckles Posted October 14, 2019 Report Share Posted October 14, 2019 Where does the Iraqi Bitcoin fall on the monopoly board...Go, Community Chest or Chance? 2 2 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted October 14, 2019 Report Share Posted October 14, 2019 2 hours ago, Adam Montana said: this is more of a "drive by". Bruce, Weegie And TNT Tony Were Spotted Heading Towards The Rumor Section In A Stolen Semi To Do A Drive-By ! 1 12 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted October 14, 2019 Report Share Posted October 14, 2019 And The Stolen 18 Wheeler Reportedly Had A Set Of Jingle Balls Hanging From The Rear Bumper ! 1 8 1 Quote Link to comment Share on other sites More sharing options...
Saint Posted October 14, 2019 Report Share Posted October 14, 2019 Nice talk Adam, thanks as always. 1 3 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted October 14, 2019 Report Share Posted October 14, 2019 Thanks Adam! I agree about crypto..... Please educate yourselves about the plan to “level the playing field” as it relates to the US dollar as the global reserve currency. I believe it ties in with this China trade deal. Japan has also just signed trade agreements as it relates to Digital Assets..... not all are created equal. RTGS (Real Time Global Settlements) is the future and I believe it hinges at this point on XRP Currently .29 cents has been as high as $3.84 in peak of the bull market in late 2017-18. IMO it will become the global bridge asset to tie all these RTGS currencies together similar to gold but settles in seconds. Please do your research. Lots of change in the air for those that have truly been following the markets. Federal Reserve has been pumping 60-100 billion a day into the repo markets and treasury markets trying to keep the global economy afloat. That liquidity has to go somewhere! Hope we are close Adam 2 3 4 Quote Link to comment Share on other sites More sharing options...
RAN D B Posted October 14, 2019 Report Share Posted October 14, 2019 Loving the Stanleypower quote but i think he meant $3.03, but whats three cents.Thanks Adam for working hard for all of us. 1 3 Quote Link to comment Share on other sites More sharing options...
trekker Posted October 14, 2019 Report Share Posted October 14, 2019 (edited) In regards to the Kurds the US policy seems to be "use and abandon" ! Sounds familiar? Check the history with Afghanistan. https://web.stanford.edu/class/e297a/Afghanistan, the United States.htm Edited October 14, 2019 by trekker spelling error 2 1 Quote Link to comment Share on other sites More sharing options...
NevadaSam Posted October 14, 2019 Report Share Posted October 14, 2019 Adam, thanks for the drive by, great info... 4 Quote Link to comment Share on other sites More sharing options...
VIRGINPARADIZE Posted October 14, 2019 Report Share Posted October 14, 2019 Rochester has come close to explaining reality for the Kurds. What is still on the table and would significantly change the status quo in the middle East is Israel's plan for it's expansionist dreams. If this pans out then I see the Kurds getting their own Kingdom / State and the other ME nations Balkanized. The dust has certainly not settled nor is the struggle for peace over yet. 2 Quote Link to comment Share on other sites More sharing options...
umbertino Posted October 14, 2019 Report Share Posted October 14, 2019 Thanks Adam.. And you're absolutely correct of course in regard to the following: Quote So, this current news cycle we are reading and hearing about involving "the Kurds" isn't specifically about Iraqi Kurds End Quote Yes....Turkey / Erdogan is assaulting and killing right now only Syrian Kurds (men, women , children)....Right now..... 1 1 Quote Link to comment Share on other sites More sharing options...
watchmedude Posted October 14, 2019 Report Share Posted October 14, 2019 Thanks Adam 4 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted October 14, 2019 Report Share Posted October 14, 2019 6 minutes ago, DinarThug said: Trump authorizes sanctions against Turkey amid Syria incursion, calls for end to its 'destabilizing actions' By Gregg Re | Fox News Trump, lawmakers vow 'big sanctions' against Turkey are coming The White House signals they are ready to act as Turkey escalates force in Syria; John Roberts reports from Washington. President Trump announced Monday afternoon that he will soon issue an executive order imposing sanctions against Turkey for its "destabilizing" offensive in Syria, amid a bipartisan outcry over the president's troop pullback earlier this year that endangered U.S.-aligned Kurdish forces. The sanctions followed the president's Oct. 7 threat, when he warned that "if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!)." In a statement posted to Twitter on Monday, Trump announced that steel tariffs would "be increased back up to 50 percent," and the U.S. will "immediately stop negotiations ... with respect to a $100 billion trade deal with Turkey." The order would enable "powerful" additional sanctions against those who "may be involved in serious human rights abuses, obstructing a ceasefire, preventing displaced persons from returning home, forcibly repatriation refugees, or threatening the peace, security, or stability in Syria,' Trump wrote. Current and former Turkish officials, as well as anyone contributing to "Turkey's destabilizing actions in northeast Syria" might be targeted, Trump said. Remaining U.S. troops in northeast Syria will be withdrawn as planned, Trump said, and redeployed "in the region to monitor the situation and prevent a repeat of 2014," when ISIS made major territorial gains. In separate tweets, the president said he would "much rather focus on our Southern border" than the conflict in Syria. Trump also emphasized that Syria "wants naturally to protect the Kurds." The New York Times reported that a deal between Kurdish forces and Damascus – which was announced Sunday evening – would enable Syrian President Bashar al-Assad's forces to attempt to regain a foothold in the country's northeast. A poster of Turkey's President Recep Tayyip Erdogan is held up during show of support system" rel="">support by about a dozen people for Turkey's operation in Syria, in the border town of Akcakale, Sanliurfa province, southeastern Turkey, on Monday, Oct. 14, 2019. Erdogan has criticized NATO allies which are looking to broaden an arms embargo against Turkey over its push into northern Syria. (AP Photo/Lefteris Pitarakis) "An agreement has been reached with the Syrian government – whose duty it is to protect the country's borders and preserve Syrian sovereignty – for the Syrian Army to enter and deploy along the Syrian-Turkish border to help the [Syrian Democratic Forces, SDF] stop this aggression" by Turkey, the SDF, which is a primarily Kurdish militia, said in a statement. The developments came as graphic images of violence directed at Kurds circulated on social media. Turkey has justified its ongoing invasion of northeast Syria to the United Nations by saying it's exercising its right to self-defense under the U.N. Charter, according to a letter circulated Monday. Ankara said the military offensive was undertaken to counter an "imminent terrorist threat" and to ensure the security of its borders from Syrian Kurdish militias, whom it calls "terrorists," and the Islamic State extremist group. KURDS ANNOUNCE DEAL WITH DAMASCUS AMID US PULLOUT Since 2014, the Kurds had fought alongside American forces in defeating ISIS in Syria. But Trump ordered American troops in northern Syria to step aside last week — a move decried at home and abroad as a betrayal of an ally. The U.S. withdrawal cleared the way for Turkey's cross-border attack on Kurdish-held areas in Syria, which is now in its sixth day and has led to quickly shifting alliances. The military action by Ankara sets up a potential clash between Turkish and Syrian government troops, as the Kurds have now turned to Damascus for support system" rel="">support. It also raises the specter of a resurgent ISIS, since the Kurds will focus their attention on the Turkish advance. Turkey's position is that the main Kurdish group in Syria is linked to an outlawed Kurdish group in Turkey, the Kurdistan Workers' Party. Known as the PKK, that group has waged a 35-year old conflict against the Turkish state that has left tens of thousands of people dead. Turkey's U.N. Ambassador Feridun Sinirlioglu said in the letter to the Security Council dated Oct. 9 that its counter-terrorism operation will be "proportionate, measured and responsible." A Turkish forces tank is driven to its new position after was transported by trucks, on a road towards the border with Syria in Sanliurfa province, Turkey, on Monday, Oct. 14, 2019. Syrian troops entered several northern towns and villages Monday, getting close to the Turkish border as Turkey's army and opposition forces backed by Ankara marched south in the same direction, raising concerns of a clash between the two sides as Turkey's invasion of northern Syria entered its sixth day. (AP Photo/Emrah Gurel) "The operation will target only terrorists and their hideouts, shelters, emplacements, weapons, vehicles and equipment," he said. "All precautions are taken to avoid collateral damage to the civilian population." But U.N. Secretary-General Antonio Guterres said Monday that at least 160,000 civilians have been newly displaced and that military action has already reportedly resulted in many civilian casualties. Sinirlioglu said Syria's eight-year conflict "has created a breeding ground for various terrorist organizations, posing a wide range of threats to the region and beyond." Despite these claims, many foreign fighters who joined IS originally found their way to Syria through Turkey, and it was widely believed Turkish authorities turned a blind eye at the time. JIM HANSON: U.S. MUST DO THIS TO PREVENT ISIS RESURGENCE Turkey said it invoked Article 51 of the U.N. Charter, which authorizes military action in self-defense. It also cited six Security Council resolutions since 2001 dealing with the fight against terrorism. "Turkey's national security has been under the direct and imminent threat of terrorist organizations operating in the east of the Euphrates in Syria," Sinirlioglu said. In addition, he said, an agreement signed by Turkey and Syria in Adana on Oct. 20, 1998 "constitutes a contractual basis for my country to fight all kinds of terrorism emanating from Syrian territory in its hideouts and in an effective timely manner." Sinirlioglu underscored Turkey's strong commitment to Syria's territorial integrity and political unity. He said the country "will carry out this operation in support system" rel="">support of efforts to facilitate the safe return of displaced Syrians to their homes of origin or other places of their choice in Syria." He stressed Turkey's "strong commitment" to a political solution to the Syrian conflict based on a roadmap to peace adopted by key nations in 2012 and endorsed by the Security Council in 2015. Fox News' Edmund DeMarche and The Associated Press contributed to this report. https://www.foxnews.com/politics/trump-turkey-syria-sanctions-destabilizing-actions 4 hours ago, Adam Montana said: Amongst the topics... Trump/Syria/Turkey/Kurds: Trump Just Announced About An Hour Ago Some Details On The Turkish Sanctions He Will Be Implementing (Above) ! 1 2 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted October 14, 2019 Report Share Posted October 14, 2019 Hi Adam! I'll give my customary congratulatory post of gratitude for Your OUTSTANDING WORK AND THANK YOU VERY MUCH while the "sensitive" "feelings" "posters" get "offended" by my "politeness"!!! Hey, HERE is something well worth the watch AND is NOT about The True The United States Of America Patriot President Donald J Trump!!! As relevant TODAY with The True The United States Of America Patriot President Donald J Trump AS WITH Ronald Reagan!!! I sure am FORTUNATE The True The United States Of America Patriot President Donald J Trump Believes AND Applies what Ronald Reagan spoke on like ALL True The United States Of America Patriots!!! Go Moola Nova (YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!) 6 1 7 3 Quote Link to comment Share on other sites More sharing options...
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