NEWS, RUMORS & ARTICLES
6-30-15 Millionday: Article quote: "Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank..." THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS.
THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION. THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING. THE NEXT PARLIAMENT SESSION BEGINS WED. BGG Blog
6-30-15 OOTW: [Is the HCL included on the agenda for July 1st and 2nd?] I'M NOT ONE OF THOSE WHO THINK WE HAVE TO SEE HCL IN ORDER TO "R---V". Comment
6-30-15 Aggiedad77: Article "Twenty legally bag in front of the parliament in the second legislative year" New legislative year opening up...but some old laws still are laying on the table....National Guard Law, Amnesty Law, Political Parties Law, Investment Law amendments, and the granddaddy...oil and gas law...where will they all end up in the shuffle of things...the roulette table turns and turns. Comment
IKO Ward: Let’s see, what have we learned today, Greece is done, the DOW is climbing, Iran got a seven day extension, the CBI plans to do international exchange on Thursday, and how to get a stick ring off your finger. Power to the people.
Crusty: Just thinkin out loud -- Int. exchange by CBI , Iraq lottery both on Thur. and Greece done in 2 hrs !! Sounds like RV VERY close should be done before that other stuff????
[xyz] BREAKING NEWS: Greece defaults on $1.7 billion IMF payment http://money.cnn.com/2015/06/30/news/economy/greece-imf-default/index.html
Knight Hawk: Greece default from Rueters http://www.reuters.com/article/2015/06/30/us-eurozone-greece-idUSKBN0P40EO20150630
6-30-15 Backdoc: Puerto Rico’s governor says island cannot pay back $70 billion in debt, is near ‘death spiral’. Comment
6-30-15 The Big Call: Tuesday June 30 @ 9 PM ET
Kent was released today from the hospital after emergency gall bladder surgery and will be assisting me tonight. We will discuss the latest about the economic reform occurring throughout the world... and talk about how to be ready for our exchange. Join us tonight to be part of the discussion.
Listen only line: 530-881-1150
Q&A Line: 559-726-1160
No access code is needed for either line.
Playback number: (559) 726-1159, access code 123456#
6-30-15 Iraqi News: Iraq raises OPEC production to the highest level in three years.A survey conducted by Reuters news agency revealed that OPEC oil supply increased in June to its highest level in three years thanks to a “near-record” production of Iraq and Saudi Arabia.
Reuters said in a report followed by IraqiNews.com: “the supply of OPEC oil supply in the month of June rose to its highest level in three years thanks to a near-record production from Iraq and Saudi Arabia,” arguing that,” this will rise OPEC production to a greater degree exceeding its goal of 30 million barrels per day despite the disruptions in Libya and Nigeria.”
According to the survey, which depends on sources of oil companies and OPEC consulting firms, OPEC oil supply has increased in the month of June to 31.6 million barrels per day.
The Oil Ministry announced in early June for unprecedented quantities of exported crude oil for the month of May to more than 97 million barrels, confirming that the revenue rate amounted more than five billion dollars. Article Link - Comment
6-30-25 tlm724: "The agenda of the [Parliament] session number (2) Thursday 2 July 2015: Sixth: The second reading of the draft Islamic Banking Act. (Finance Committee, the Committee of Religious Endowments and Religious Affairs, the Legal Committee), (16 articles)." So we have the second reading of the Islamic Banking Act and meetings back to back! One session on the 1st and one on the 2nd. *hallelujah*. Comment
6-30-15 Aggiedad77: The news is full of good information IMO...economic recovery action, word of IMF loans, bonds both domestic and international...that has to mean a decent credit rating in the works I would think... strong work by the COM on a draft money-laundering law...turn this loose on Parliament ASAP. Comment
6-30-15 OOTW: SCZIN FOUND AN ARTICLE STATING THAT TOMORROW'S SESSION WAS GOING TO BE TO DISCUSS DRAFT LAWS AND WOULD HOLD NO VOTING. WE'LL HAVE TO WAIT AND SEE IF THAT PROVES TRUE, BUT AT LEAST THEY'RE GOING TO DISCUSS THE LAWS.
PERHAPS THE ARTICLE ...STATING THAT THE "TRANSACTIONS FROM HOME" PROJECT HAS BEEN SLIGHTLY DELAYED IS IN PART DUE TO THE FACT THAT ISLAMIC BANKING ACT NEEDS TO BE PASSED SO THEY CAN PERFORM CURRENCY TRANSACTIONS UNDER THIS LAW - I CAN'T SEE HOW THEY CAN WITHOUT THE ISLAMIC BANKING ACT...WE'LL SEE.
I THINK THE FACT WE'RE SEEING THIS ON THE AGENDA FOR THIS WEEK IS A VERY GOOD SIGN THAT THEY ARE MOVING AHEAD WITH ECONOMIC REFORM - THEY HAVE TO HAVE BANKING PROTECTIONS IN PLACE... IT'S ALL VERY GOOD...THIS IS THE KIND OF THINGS WE WANT TO SEE NOW. Comment
6-30-15 Millionday: Article Quote: "House Speaker Salim al-Jubouri detect the resumption of the three presidencies meeting next week...the meeting will engage the head of the Supreme Judicial Council to turn the meeting the name of the three presidencies to the three powers', adding that' meeting will focus on finding consensus on certain paragraphs of broken laws because of political differences."
THE THREE PRESIDENTS HAVE THAT RIGHT -- SO THEY WILL BE ADDRESSING THE IMPORTANT LAWS THIS WEEK...THEY CAN PUSH THEM THROUGH...THIS IS GREAT NEWS. [So basically the 3 presidents don't need to wait on parliament to vote the laws through?] THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY. BGG Blog
6-30-15 Frank26: [...info about the BONDS was exciting because I know if they are selling them with a new rate it won't be long before they will have to show the world.] The intel...The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to...The Caboose. Comment
6-30-15 FUZE: Greece default and the subsequent contagion, may force the Reset!
We were all intrigued by the 2012 Bloomberg Interview on the coming global currency reset; when a financial expert was asked what keeps him up at night and he proclaimed the coming massive default or reset of the euro.
Well a Greece default and contagion may finally bury the stinking corpse of the euro. Rather this moment was contrived and engineered for a global reset or an evolved opportunity; a Greece default may be just what's needed as a forcing function for what we seek.
I know a lot of my TNT friends have bought into the rhetoric about Greece being the bad guys and are a bunch of suicidal crazies. I can assure you, that's a lopsided view. Just last night I was with an acquaintance from a smaller new EU nation. He carefully explained the dynamics of the situation in Greece and a number of other EU countries.
Remember "confessions of an economic hit man" well it's in play here with a terrible twist and I can assure you that other EU nations are watching closely and are READY TO LEAVE THE EU!
One of the most balanced articles I've read on the Greece austerity situation and why it has failed, I included with this post!
What seems to have worked a LITTLE in Spain and Portugal, could not work in Greece; structurally different economies.
Either way out of necessity or fear, I think this may be the trigger we need. Enjoy the article and go look at the YouTube video again from Bloomberg.
Welcome RI/RV. Comment
Iko Ward: ISX dropped another 5 points and is sitting just above 1000. So that's two big drops in thew last two days, matching our own stock exchange. Forex climbed to 1120 during the night but as we know now that means little. So I'm waiting for CL to do her thing. Hope you all are having a wonderful day.
Airam: Today is JUNE 30th.......last day for ABADI to keep his word.......he asked ppl to wait until JUNE.......lol....lol
Maximus016: Well, the markets were anything but smooth yesterday. Global Equities took a $1.5 TRILLION bath yesterday.
Tbirdd: max-----theyll probably iron-out.... since theyre waiting on it to be smooth.. (?)
Maximus016: Tbirdd, possibly. But I feel it is more of a stabilizing factor within the markets. The Asian markets all closed in the black today, so we shall see.
Iko Ward: Maximus, that is good news. Probably why Forex looked good as well.
Maximus016: Hopefully, we have weathered the worst part of the global financial storm. The markets simply cannot continue to hemorrhage at the pace we witnessed yesterday.
Iko Ward: ISX also scrolling announcement of money transfers beginning Thursday
Maximus016: It is also coincidental that without warning, Puerto Rico revealed yesterday they have a debt crisis of $72 BILLION. That is quite a bombshell, considering that nearly a year ago, Governor Padilla said Puerto Rico was doing well financially….. We have two (Greece and Puerto Rico) economic Tsunami’s and they are the perfect diversion for the Global Currency Reset.
Mangelo: let's see how the market goes today? and let's hope for the announcement!
Dawg: I guess I'm confused on the Greece issue....So if they default like they say they will what repercussions does this have on the RV?
JackS: dawg i think the Greece issue, ie global reactions, is like a speed bump in a parking lot....no biggie....everybody knows they are gonna ride up on one… the markets seem to have already pre-adjusted and they seem to be favorable
SUGGAR: I think that Greece is holding for the reset in hopes that they would have less requirements to meet
JackS: I also think the RV is like that USA insurance commercial, Allstate, I think....there is a small water drip in the ceiling that the brother is concerned about...(hints that something is gonna happen) and then Wham...the flood gates open...."THAT's a LEAK" :) I think the RV will be upon us just that way!
Maximus016: Chinese stock market has BIGGEST intraday swing since 1992.
Mazimus016: Hot off the press.....Greece asks for a 2-year bailout program. Tsipras may be reconsidering Juncker offer.
Vinterv: Maixmus...shocking, eh? They need to get er done!!!!
Maximus016: Vinterv...somewhat. This 'planned accident' has been in the making for quite some time. The markets simply cannot continue to hemorrhage at the pace we witnessed yesterday.
DKenner: "The Truth About the Currency Wars." Preparation is the key to progress and victory. While the Fed and other Western central banks have pushed countless amounts of currency into the world's financial system, emerging market nations are preparing themselves for the day when the worlds currency system is reset.
Iko Ward: Worth a second mention...ISX is scrolling about international currency transfers on Thursday.
CODreamer: Positive talk leads to positive results - the RV is in process - look all around you, it's coming - be ready, but live your life each day. All of a sudden it's going to BAM surprise us!!!
LocoFelipe: This is JUST MY OPINION.... But I believe we have smooth sailing from here on. ride the wave folks. cause we are about to see this!!!
Eurozone dropped 4.2%..... german/ dropped 3.5%..... and the french dropped 3.7%.... frankly, I am completely surprised it was this good. I am thinking no one was surprised with the greecian walk out.
hong kong dropped - 2.6% and japans dropped 2.8%... Dow- down/1.95%---- S%P/ down 2.09%----- nasdaq/down 2.09%......
I am thinking it was a surprise on the good side. was expecting it to be much worse (I was).... all the peoples I have talked to are thrilled with those numbers
I am no intel guru.... but I study markets and trends..... now would be a perfect time to pull a rabbit out of the hat. no one would even see it. over the past two years we have had multiple oportunities presented.... this -in my opinion- is about as good as we have gotten. this week is perfect. JMO
JackS: locofilipe it all has a feeling of positivity to me too...
LocoFelipe: JackS- yes, I have been looking all evening at the numbers. and the articles.... we are in a great spot.
JackS: With all the moving parts in play right now, it would be a snap to pull it off....most of the world wouldnt even notice
LocoFelipe: JS- absolutely correct.
LeaLoha: mini bank story - went to WF today to get a wire transfer....the manager said it's $50! We started chatting....I said you know I've been buying a lot of dong through your bank, etc. Guess what - no fee!..... strange thing about WF selling Dong is that they won't tell me what it's showing on the screen - or that it's just blank and not showing Vietnam at all = that's pretty strange, right?
LocoFelipe: leahola---- well, today I was there.... didn't ask to see the screen. and they didn't offer... but friday, it was on the screen with admin hold
Lealoha: loco = whoa~~now you're talking!!
6-30-15 BGG: Dinar Afternoon Drive Call!!
Info w/BGG – 6/30 @ 3:00 pm CST
Click on the call banner in the upper right corner!!
from 6/16 - Smart phone user link – Click here
6-30-15 Millionday: Article quote: "Center Brief published import and export text instructions, approved by the Committee on Economic Affairs in the Council of Ministers." IT IS THE ORDERS AND FORMAL INSTRUCTIONS FOR IMPORT/EXPORT FOR IRAQ -- IN OTHER WORDS --- GLOBAL TRADE. CBI SAYS THEY HAVE ALL MONEY READY AND ABADI HAS CALLED FOR ALL LEGISLATION TO BE PUT IN PLACE TO GO TO A MARKET ECONOMY IN INK. IMHO --- WE ARE CLOSE. BGG Blog
6-30-15 KTFA CC: Monday Night KTFA Conference Call
Dinar/Iraq Intel tonight with special guests and “Delta”
PLAYBACK #: 760.569.7699 PIN: 156996#
Approx. 155 minutes long
strongcbm :Hey Frankie... I enjoyed tonight's CC....The info about the BONDS was exciting because I know if they are selling them with a new rate it won't be long before they will have to show the world.....Thanks for all you do.
Frank26: The intel.......... The logic of The Bonds is re-assuring about DRS MR in progress.
Indeed........ i too liked it very much.
DRS is showing a commitment for July to show us many congruent steps.
We ......... Are impressed.
222dude :FRANK I ENJOYED TONIGHT'S CC......WHAT I NOTICED WAS THE PHRASE "LAVA FLOW" WASN'T USED TONIGHT BUT YOU USED OTHER WORDS THAT MAGNIFIED THE CALL AND IT WAS "BONDS".
Frank26: The Lava Flow is a long train running.
The Bonds are a car of this train.
Very close to ............ The Caboose.
Choo Choo ........... KTFA Frank
Backdoc: » June 30th, 2015, 1:22 am
I'M AWARE BRITAIN USES THE BRITISH POUND. THEY ARE STILL IN THE EUROZONE AND THEY ARE DOING A REFERENDUM AS TO WHETHER TO STAY IN OR GET OUT!
WITH THE GREECE EXIT I'M CONFIDENT THERE WILL BE A BREXIT! LOL
NIGEL FARAGE REJECTS “TWO FINGERS TO BRUSSELS” FOR A POSITIVE POST-BREXIT VISION
ReutersReuters by SARKIS ZERONIAN26 Jun 201535
Speaking to reporters outside yesterday’s European Council summit of EU leaders in Brussels, UKIP leader Nigel Farage set out a positive case for the Out side of the promised In/Out referendum. The comments, recorded by EurActiv.com, signal the rejection of a “two fingers up to Brussels” approach in favour of an optimistic global vision for a post-Brexit Britain, countering critics who have accused him of negativity in the past.
That’s not to say he avoided the opportunity to have any digs at rival politicians. Asked what his dream scenario regarding renegotiation at the summit would be, Farage replied:
“I think what will happen is, by the time we get to the conference there’ll be a little hand at the back which says ‘please sir, can I say something?’, ‘oh yeah, come on Cameron, what is it?’, they’re busy with other things.”
Pushed to expand upon what Britain’s negotiators can actually achieve he predicted:
“Three fifths of five eighths of very little, you’ve got Greece perhaps on the verge of being booted out of the euro, the biggest migrant crisis the European Union has ever faced in its history, virtual rioting in Calais, you know I don’t think British renegotiation on a very narrow area of benefits for migrant workers is going to be very high on the agenda, do you? It just isn’t going to get discussed.”
Having mentioned Greece he was asked whether he believes the Greeks have anything to lose, an idea on which he quickly poured cold water:
“I think the Greeks have everything to gain. I think you only have to look at what happened to Iceland back in ’08/9 to see that if a country is in real trouble, as the Icelandics were and Greece is, that actually devaluation, default and then if you put in place some sensible economic policies, actually you can get a country back to growth fairly quickly.”
Turning his attention back to Britain, Farage then spoke of Norway’s experience outside the EU:
“If little countries like Norway can sort out out their own arrangements the way they have, then a whopping great big country like Britain, who is the Eurozone’s biggest export market in the world, can sort out an even better position.”
At this point a journalist challenged Farage’s view on Iceland, warning that the country has no influence in Brussels but still has to obey the rules set there in order to trade with the EU. Warming to the theme of an optimistic future for a global-facing Britain he replied:
“How much influence do we have in America? How much influence do we have in Japan? If we sell product to any other part of the world we have to comply with their laws. This idea that just because of this shrinking backyard that is called Europe – yes it’s an important marketplace but diminishing every year that goes by – actually the idea that if you harmonise, homogenise, standardise and pasteurise everything there are enormous trade benefits, I don’t believe that. Actually I believe in competition, whether it’s tax competition or regulatory competition, and I think that actually leads to better markets and better consumer choice than this EU model.”
A journalist then raised the issue of tariff barriers being raised between the EU and Britain damaging the post-Brexit economy. Farage again replied positively:
“Through global trade liberalisation the worst case scenario is the French and Germans say ‘right, we’re going to do everthing we can to ruin our biggest export market, we’re going to put tariffs on British products’, even those tariffs will only be 2.5 per cent. Our membership fee to the EU alone is bigger than the cost of those tariffs will be. So even the worst case scenario for Britain in terms of a trade deal with Europe is good. The best case scenario is the common sense scenario that Mercedes and all the other companies say ‘do you know what? We quite like the British market, let’s do a sensible free trade deal’, and then we’re free to make our own global, bilateral trade deals with any country we choose.”
Farage concluded the Q&A session by summarizing the approach the Out Campaign is likely to adopt:
“The Eurosceptics in Britain are not saying ‘two fingers up to Brussels, we hate the EU, we’re going to set fire to the flag’, actually what we’re saying is this thing now is an encumbrance upon us in the modern global economy and we can do a damn sight better without it.”
Delta » June 29th, 2015, 9:02 pm
Iraq Bond 2020
Last Updated On: 23 Jun 2015
Bond Name Iraq Bond 2020
Offer Size 5,000,000,000
Maturity Date 2020
Issuer Central Bank of Iraq
Subscription To Jul-2015
Xxxxxx: What a smokin' Monday night Cc! WOWEEEEE! Thank you Frank, Tink & Delta (and 'Friend'- what an amazing report!).
Many people who are unaware of all the things going-on at the moment; and how they are connected; are, IMO about to get a radical, RADICAL awakening...GLOBALLY, not just here in the USA.
All these financial deals, the TPP, Banks, Euro, Global Bonds, GBP, Iraqi Bonds, other EU nations teetering, BRICS, Grexit issue, AIIB, German Mark II waiting in the wings, Puerto Rico's insolvency, the new TRN, India now onboard with FATCA, Vietnam (VIETNAM!!), and yes, the darling, the star of the monetary show, the IQD. Go Dr Shabibi!
6-29-15 OOTW: MALIKI’S DOING HIS BEST TO START SECTARIAN INFIGHTING NOT ONLY IN PARLIAMENT BUT IN THE COUNTRY... DISTRACTION FROM TRIAL...I REALLY THINK THEY HAVE TO ALLOW ANY OFFICIAL TRIAL OF MALIKI TO THE OVERSIGHTS OF THE INTERNATIONAL CRIMINAL COURT BECAUSE ANY MALIKI FOLLOWERS IN GOVT MAY TRY TO INCITE SECTARIAN VIOLENCE...THIS IS GETTING HOT HOT HOT. Comment
6-29-15 Wilbur Grodan: MARKET ACTION - There is DEFINITELY something to see here in < 24 HOURS. Comment
cleitus : If I recall correctly, the 12 running the world finances, will want the 7 items (listed in past CC's) to happen in Iraq, in July. If I'm wrong, someone throw me a lifeline.
Precisely how I understood Frank's comments also.
1) New CBI Governor
2) New (5 billion dollars) bonds (with rate)
3) New 50 & 100 mil. denoms
4) New Lower denoms
5) Pay salaries in dinars not US $
6) Master cards for the displaced Iraqi population
7) Credit rating of at least a BB
Along with the above I also understood from the CC the following was also necessary for the 12.
1) Amnesty Law to be passed by July
2) More Investment Laws to be passed by July
3) National Guard Laws for the borders
4) HCL Law and Tariff Laws have been primed and ready to be introduced when all is ready and set to GO!
If I'm wrong, please, someone correct me.
Frank26: Not bad.
6-29-15 Poppy3: INFORMATION IS TELLING US ALL THAT LIGHTNING IS ABOUT TO STRIKE. ABADI PROMISED PEOPLE WOULD START GETTING PAID AND TO JUST BEAR WITH HIM AND THE ADMINISTRATION TILL JUNE AND THINGS WOULD GREATLY IMPROVE. MORE BUYING POWER AND THE PEOPLE ESPECIALLY THE WIDOW AND WAR VETERANS THAT HAVE SACRIFICED.
IN COMPLETING THESE OBLIGATION HE HAS TO COMPLETE REFORM AND THAT IS WHAT WILL GET US PAID AS WELL. ALL ARE GOING TO BENEFIT FROM THEIR EFFORTS SINCE HE HAS TAKEN OFFICE. BIG CHANGES ARE TAKING PLACE AS THE NEWS TELLS US. IF YOUR NOT EXCITED AND ON FIRE THEN YOUR WOOD MUST BE WET. BGG Blog
6-29-15 BULLDOG75: 57 BRIC$ COUNTRIES SIGN TODAY WITH AIIB.
An astronomical amount of money is flowing from China. From Dragon$ to BRICS supporter nations, there are deep pocket dollars strengthening from the East. Watch closely Shanghai and Hong Kong Financial Centers. There is strength in numbers. Gold is golden. Silver is the glass slipper. We are blessed and highly favored. I Love You All. Comment
6-29-15 TNT DINAR CC (Notes by Adept1):
Replay 805.399.1500, PIN CODE 409029#
I never thought we’d be here but here we are. We’re a little late on the call because I needed some coffee and a bite to eat. I’m tired, and Pam gave instructions for me to be nice anyway, so I thought I’d better have some coffee!
Tony: Good morning, TNT! Today is Monday, June 29, 2015. I’m not depressed about anything, just tired because it’s been a long weekend. All the news is good. I will clear up all the confusion with the way I see this, and all the people we talk to. We told you last week that we need to see what happens with Greece. I know you all discussed this over the weekend. This is what we have: Is Greece directly involved in the RV? No, not in anything Greece is doing but their general situation does. The RV has already been done. Everybody is ready: the banks, Iraq, all the rest. We are currently waiting for the Greek situation to show itself to the world and it has done today. The Yes or No vote doesn’t matter, all we need is a conclusion – they have a plan for Greece either way. One works well and the other does not, but that is up to them. The fact they are delaying until 5. July is immaterial for us. The German Chancellor wanted something by market-opening this morning. The market went down 3% but didn’t go crazy. If the global market stays stable… they want to know how the market will go globally because that affects all of us. Because that is pretty calm, they are feeling okay. It could go today, tomorrow… let’s see what happens. Everyone is fine with what happened today. They were expecting some kind of reaction there being no deal with Greece, but it’s okay.
Iraq has some things lined up for Wednesday and Thursday. This could go before that—today or in the next 48 hours. Greece said that they didn’t meet their deal and don’t plan to. That doesn’t make sense to the world, but it is what it is.
303 caller: You mentioned last week that you would discourage layaways or reserves. Is that just because of Sterling or other factors?
Tony: I’m not encouraging or discouraging reserves. My understanding is that 90% of reserves are not going to happen. I would have a Plan B, just in case. Things are changing even as we speak, so I’m not saying that is 100%. Not one currency dealer has called me with their plans. Based on what I heard before, most were going to drag it out past the window for contract rates. It never hurts to have a Plan B, either way.
Caller: I’m thinking that all the dealers are going to hand back the money because they cannot perform on the reserve contract. Won’t that lay them open to liability claims?
Tony: If they have the ability to perform and don’t perform, then yes. If something happens so that they can’t perform, then who knows?
Caller: [Appreciation] I’m a military historian, and we started with big armies engaging with each other. Now, military forces are decentralized like ISIL, so I don’t know when they will get their hands around the head of the snake. Complexity of country brings about emerging properties, so every time they push the button, something else comes in. I would rather deal with the consequences than to timidly hold back until conditions are perfect. They will never be perfect. Tony, please defeat the argument that this has to be a long-term process.
Tony: You’re really saying “why can’t we just press the button?” I understand that. If it were just a bunch of dinarians on the internet, with the rest of the world not having a clue, that would be one scenario. IN the last few months, this has been exposed to many people outside the dinarian world, in the banks, and especially to the Iraqi people. The rate has been loaded on their cards, and they are being told for the last few months that their currency is being revalued. They have a contest that says three people will win 30K dinar or 100,000 dollars. The situation in Greece – how will that affect the global markets and their debt? They have to make a decision on that, and see how it goes. Iraq cannot be a fountry without their own currency (with significant value) to achieve all the goals they have set and the world has set for them. Tomorrow is the last day for Greece to pay; if they default, that will set a plan in motion. Or maybe it will the Wednesday or Thursday. But everyone I have talked to has said that they are ready to go and all they need is an announcement.
Caller: This morning, I got up at 5am for an 11am call, so thank you for picking my call. Last week we had First-time Caller Friday… if you’re going to do that, please announce it on Wednesday so that I don’t have to get up at 5am to get on the call – is that fair to ask?
Tony: That’s Pam’s deal – talk to her about it! You were just the next in line.
404 caller: Greece has a fair amount of Iraqi currency; why then is the IMF reluctant to release the RV? That would give Greece money to NOT go into default. Or is there some kind of magician’s trick, keeping us focused on Greece rather than the other hand?
Tony: I think everything is set in the other hand. All these other countries were in the same position as Greece: Italy, Spain, Portugal, Ireland. All of them were told “fix your economy and we will help you with that” because otherwise they would take down the whole economy. Four out of five agreed to fix their economy so that all can flourish. One decided that they would just take the money without making changes. Now we are getting ready to flood the country with money, and without changes, they will bring down the new economy the same way they did the old one. Greece gets all this money, they continue to party, and that just prolongs that action. Or they can tell us what they are going to do so that the rest of the world can isolate them if necessary. If they have dinar, if they exchange and have more money how long with that last? They will still be broke unless they change the way they operate every day. That is a decision they have to make, and we are seeing how the rest of the world will react. So far, it seems everyone can live with what Greece is deciding. In Iraq, they are announcing to their people they will load their cards again on Thursday, so maybe they know something we don’t.
So now they are voting on the 5th, and we won’t know for another week what the people will decide. Everyone talking to me is saying that it won’t matter to us; we’ll see.
Caller: Also, they could cancel the referendum.
Tony: The government of Greece want to find out what the people want to do. Right now, you can only withdraw $67, if you can find an ATM with money in it. Their bank accounts have been frozen for a week, and if this goes forward, they might be frozen for longer.
Caller: Thanks, and Vegas, Vegas, Vegas!
831 caller: What do your sources say about the BRICS and AIIB bailing out Greece? If they have an asset-based currency, wouldn’t that solve the problem?
Tony: They know that just giving Greece more money will not solve the problem. It’s like putting the candy on the table and telling the kids not to eat it. So they are not going to put the candy on the table because Greece doesn’t have the sense to eat it sensibly. It’s about more than the money, it’s about changing the way you live every day, and that is what Greece is not willing to change, it seems.
313 caller: How are you?
Tony: I am super-fantastic, actually. I didn’t talk as much as usual with DC and Pam and we enjoyed our weekend because we knew that nothing would happen until the market opens on Monday. Angela Merkel said we would have to see some action by that time. Nothing much happened; the market didn’t react. If that continues throughout the day, this thing is ready to go. There are no meetings nor discussion about Iraq, what Iraq is doing or not doing. Every finance minister in every country is focused on Greece: What are you going to do and how will that affect us? I knew exactly what to look for, this morning, this evening when the markets close, or tomorrow after they declare that Greece has officially missed its deadline and they can implement their plan, whatever it is. Iraq put out over the weekend that they are loading the cards and they will award three people 30K dinar each, which means $100,000 each.
Rates: dinar = $3.91; dong = 47 cents, rupiah 1.05, zim at 11 cents… no, Pam says not to give out the rates. The rates are still the same as I’ve been saying all along.
Caller: Vegas, Vegas, Vegas!
601 caller: It sounds like security is good enough in Iraq; the Greek thing is what’s staring us in the face, waiting to see which way it goes.
Tony: If you shut a whole country down because they cannot pay the IMF or anyone else, and they have shut people off from their bank accounts… if things don’t get better by Monday, they won’t change on Tuesday or Wednesday. I don’t know what kind of idiots are not getting money out of the bank, and the IMF says that will continue if Greece doesn’t pay up – who would vote for that? The stores in Greece aren’t even taking credit cards now because they’re not sure they will be paid. So it’s cash or nothing, and they cannot get the cash either. Will Greece become a third-world country? It has to be affect the countries around them, and even the US because it affects imports and exports. Will the RV be affected by that? No, because the RV is done, but they are concerned that an influx of money will destabilize things further. They want to do the announcement when the markets are smooth, not all over the place.
423 caller: Have you heard anything more about Sterling? They don’t answer their phone.
Tony: they have a statement on their site, and that’s all I know. I haven’t talked to Frank or Ty; I haven’t called them myself, I’m just waiting to see how it plays out. I try to be transparent or at least upfront: there is an FBI investigation involving Sterling. My giving my opinion is not going to help the situation, and won’t help me because I might be interfering with the investigation. I’m just saying that Sterling is not the only one, so I would plan on them not being there; worry about it afterwards because this is so close that they probably won’t resolve this during the contract rate period. If you choose, you can buy more dinar or other currencies, if you choose.
Caller; You suggested an attorney, but I don’t have money until after this goes. Should I talk to the Attorney General?
Tony: Against Sterling or against the FBI?
Caller: I just want the currency I paid for! Vegas, Vegas, Vegas!
732 caller: Tomorrow is the deadline for Greece to pay back the IMF or not, correct?
Tony: They have to choose whether to do what the IMF suggested in terms of changing their spending, etc. If not, they are in default, and they won’t receive further IMF funding.
Caller: So if they have a referendum, if will be too late, won’t it?
Tony: In theory, yes… but in practice, if they take another week, they take another week.
Caller: So do you infer that they are ready to let the RV go, meaning Baghdad then the rest of the world?
Tony: Yes, Iraq first, then all the little people in the world could exchange as well.
Caller: With Sterling I understand you are mainly talking about the reserves. If you bought from Sterling and you have the physically had the currency, will that be okay?
Tony: This is just my opinion, but I don’t think there is any issue with currency you have in your hand.
Caller: The receipts will be needed at tax time, will there be an issue because the receipts are from Sterling? As long as it is genuine currency…
Tony: By that time you will have exchanged, and the note will be in the bank. They are not going to worry about any particular note coming from Sterling.
Caller: Vegas, Vegas, Vegas! What about somewhere about the East Coast? Or maybe Dallas?
Tony: If you create a petition on the forum, we’ll press DC ot attend an event in Dallas.
Today we are keeping this to one hour to help the transcribers. Pam? It’s your show…
Ray: Sounds like we lost Pam. Continue to enjoy this Marvelous Monday and we will see what we see when we see it!
Tony: Alright, guys. All we can do is to watch CNN and see what happens with Greece, or watch the financial markets to see if it’s going bad or if it’s leveling off. We are just waiting for is for Lagarde, Obama, and the other leaders to decide they are letting this go. Iraq is announcing to their people about the cards on Thursday. We are in the final position for this to go and to tell the banks to go do this. The rates are in the global banking system. We are in a great position. Let’s hope for the best and prepare for the worst. If this does happen, I will send out a tweet and we’ll be ready to rock and roll. Comment
6-29-15 Millionday: Article quote: "Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks...noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq."
IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM...THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS...INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY.
THIS IS THE MEETING AND THE PLAN -- NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE.
[If international banking is utilized would they have to have an international recognized currency?] THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY. [Sure smells of Basel 3 compliance to me!] I AGREE. BGG Blog
6-29-15 MDWeaver: HERE IS ANOTHER ...COMMONWEALTH (Puerto Rico) ....THAT CANT PAY ITS ...DEBT....THE DEBT SAGA KEEPS GROWING...
6-29-15 TNT DINAR CC: Good morning. The call is on time 10pst/1est. – TNT TONY #wearethepeople
1 pm EST / 12 pm CST / 11 am MST / 10 am PST / 9 am AKST / 7 am HAST
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6-29-15 Hub: Think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure. NO, their currency is not a tradable internationally accepted money at this time. Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. You can’t even take it to the bank and do anything with it. What does it need to go international? A value and to be recognized by the world. So all that to say this...I think all these articles and especially the two or three that say they need to value their money means we are right there. Comment
6-29-15 Bluedog: ABADI'S WEB PAGE:
FOR THOSE THAT STUDY THIS INVESTMENT CHECK HERE DAILY. Comment
6-29-15 okrocks: DAZ & DAVIDM IN CHAT WITH THEIR THOUGHTS 6/29
Some peeps asking how does Greece have anything to do with the RV?
daz wrote TECHNICALLY GREECE MAY HAVE NO DIRECT BEARING ON THE RV BUT GREECE HAS IMPLICATIONS THAT MAY TRIGGER EVENTS IN SURROUNDING, DEPENDENT AND ASSOCIATED FINANCIAL STRUCTURES OF OTHER COUNTRIES....THOSE COUNTRIES POTENTIALLY IMPACT THE ECU AND A SIGNIFICANT BLOW TO TH ECU WOULD INFLUENCE THE EURO VALUE WHICH COULD IMPACT THE BALANCE SET FORTH IN THE GCR PLAN TO REACH GLOBAL PARITY AND DEBT/TRADE BALANCES. THE BUTTERFLY EFFECT.
daz wrote SO ITS FAIR TO SAY IN A SENSE THAT GREECE HAS NOTHING TO DO WITH THE RV BUT GREECE HAS A LOT TO DO WITH THE ECU. AND, THE ECU HAS A BIG PART AND INTEREST IN THE STABILITY OF THE GCR. AND, THE TRIGGER FOR THE GCR IS THE RV. SO, IT SEEMS OBVIOUS THAT THE ECU (AND ITS CURRENCY VALUE) BE KNOWN TO BE STABLE BEFORE THE GCR RELEASE OR PULLING THE RV TRIGGER THAT RELEASES IT.
june1 wrote daz - in your heart of hearts -ummmm what is in your gut - are they going settle this mess???
daz wrote DEPENDS ON YOUR EXPECTATION OF "SETTLED". THERE WILL BE A RESOLUTION OF SOME KIND, THEE WILL LIKELY BE SOME DISCOMFORT TOO. BUT AS MANY OF US KNOW PERSONALLY, OUR CHOICES AND EVENTS BEYOND OUR CONTROL CAN CAUSE CONDITIONS THAT REQUIRE UNCOMFORTABLE CHANGE. AND OF ALL THINGS ..."CHANGE"...IS PERPETUAL AND THE ONE THING WE LEARN THE MOST FROM.
UKmtb wrote I do now believe that the bigger picture is coming into view and there are smoke and mirrors going on for the masses and the big plan being put into action behind the scenes. Exciting times.
Totally Blessed wrote daz...please excuse me but I am a novice at how to think about all this. To me it seems like the GCR should help Greece. Don't you think their gov't had the presence of mind to get some dinar? Or is that me being silly.
daz wrote TOTALLY...ITS NOT SILLY...AND I TOO ASSUME GREECE HOLDS RESERVES AS YOU SUGGEST. AND YES A RV WOULD CHANGE THEIR CONDITION BUT.....THIS IS A PLAN TO PROVIDE 100 YEARS OF GLOBAL BALANCE AND PROSPERITY...IT HAS THOUSANDS OF MOVING PARTS...AND ALL THOSE PARTS ARE INTERDEPENDENT. ITS IMPORTANT I THINK THAT COLLECTIVELY THE 15-20 YEARS OF PLANNING THAT HAS GONE INTO THE GCR BE ACTUALIZED IN THE MOST FAVORABLE CONDITIONS POSSIBLE TO ENSURE THE HIGHEST PROBABILITY OF SUCCESS GENERALLY.
dutcheflat wrote daz agreeing with you. Tony always stresses Plan B. That's for every situation. The owner of the compnay I work always stresses alternate plans in case the one you really want doesn't pan out! That's how a multi-millionaire thinks!
happypappy1143 wrote The greek situation is no !!! surprise to the USA or the EU !!! I believe they have a plan for any contengency . its not like they were caught with thire pants down . one country should not be able old up the rest of the world !!! I think !!!
daz wrote HAPPY, DUTCH..YOU GUYS GET IT. THIS GREEK THING IS NO SURPRISE. ITS REASONABLE AND EXPECTED THAT THERE ARE MULTIPLE CONTINGENCIES AND PLANS ON HOW TO INCORPORATE WHATEVER THE EVENTUALITY MAY BE.
daz wrote THIS IS A NO FEAR ZONE.
DavidM wrote THROUGHOUT OUR LIFE, EVENTS OCCUR THAT AT THE TIME, SEEM UNFATHOMABLE. THE FOG OF THE MOMENT CAN BLUR THE BLESSING IN DISGUISE. TIME, PATIENCE, UNDERSTANDING AND AN OPEN HEART ARE SOMETIMES NEEDED TO CLEAR THAT FOG AND LIFT WHAT WAS PERCEIVED AS A BAD THING AND ALLOW THE REALITY OF IT AS A GOOD THING TO SHINE THROUGH. *EVERYTHING* HAPPENS FOR A REASON. THERE IS A *PLAN*. I URGE YOU TO HOLD ON TO *ALL THINGS POSSIBLE* AND BELIEVE THAT THE BEST IS YET TO COME!
ehankons: FRANK,,YOU HAVE MENTIONED THAT THE CBI IS "EXPERIMENTING" WITH THE AUCTIONS...I BELIEVE IT...BUT WHAT OR HOW DO THEY EXPERIMENT WITH THE AUCTIONS...
I BELIEVE THIS ACTION WILL GIVE LIGHT TO SEVERAL UNDERLYING ELEMENTS TAKING PLACE... I CAN'T PUT IT TOGETHER AS OF YET...OR IS IT "HIDDEN" IN VIEW........
THANKS FRANK.... I'M LOOKING FORWARD TO MONDAYS CONFERENCE CALL BIG TIME...SEE YOU THERE.....
Frank26: Nothing is stealth .......... They use auctions in sections to test the CBI banks system and .......... HONESTY. KTFA Frank
6-29-15 BGG: [Can you explain why the auctions are so important now? why the high sales numbers have significance?] A number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people).
[So this is the CBI allowing these high volumes? to try to correct the situation?] Recently - we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes).
In fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE. I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation. BGG Blog
6-29-15 OOTW: [IF TARIFFS ROLE OUT AUG 1, DOESN'T IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER...AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS...WHAT REALLY WILL HAPPEN, I DON'T KNOW. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE. Comment
6-29-15 BACKDOC: RUN, RUN, AS FAST AS YOU CAN TO THE NEAREST ATM IN GREECE! OH NO, THE DARN THING IS EMPTY!
WITH CAPITAL CONTROLS BEING PUT INTO PLACE AND GREEK BANKS CLOSING FOR 6 DAYS, I THINK SOMEONE TRIPPED THE GINGERBREAD MAN!
YES, THE CREDITORS HAVE TURNED OFF THE LIQUIDITY SPIGOT TO GREECE! AHHH, BUT NOT TO WORRY SAYS GERMANY, WE ARE SAFELY HEDGED AS I SAID THEY WOULD BE A FEW DAYS BACK!
SO WHY NOW DOES GREECE TAKE A 6 DAY BANKING HOLIDAY? MMMM
WELL, THAT WOULD TAKE US THROUGH TO SATURDAY. ALSO REMEMBER BANKS ARE CLOSED FOR MOST BUSINESS ON SUNDAYS SO THEY GET A PASS FOR SUNDAY!
NOW WHY TRY TO OPEN ON THE 6TH?
WE KNOW THE BRICS BANK OPENS ON THE 7TH RIGHT? RIGHT! SO WHY NOT TAKE A HOLIDAY TILL THE 8TH? MMMM
WELL, IF THEIR NOT CAREFUL AN ACCIDENT COULD HAPPEN! HEEE HEEE
REMEMBER, JUST THE OTHER DAY GREECE SAID THEY WANT A JUBILEE! ALL DEBTS FORGIVEN!
IS THAT TOO MUCH TO ASK FOR ON A 50 YEAR JUBILEE YEAR, ACCORDING TO THE BIBLE? MMMM
OF COURSE JACK LEW HAS TO GIVE LIP SERVICE, COME ON BOYS WORK IT OUT WILL YA, HUH,? WILL YA? SLAP! OK SORRY!
COME ON JACK, YOU KNOW THE CREDITORS ARE HEDGED JUST LIKE YOU HAVE THE U.S., YOUR JUST WAITING TO COLLECT ON THAT LIFE INSURANCE POLICY WITH A NEW GOLD BACKED SYSTEM READY TO ROLL FROM EAST TO WEST! LOL
OH WASN’T THAT JUST TERRIBLE! GOSH! YOU SHOULD BE MORE CAREFUL NEXT TIME! LOL
WITH GLOBAL FUNDING FALLING INTO PLACE AS WE SEE DAILY NOW, A REGIONAL PROCESS IS UNDERWAY! YESTERDAY WE SEE A MEASLY 21 BILLION DROP INTO THE BRICS BANK FROM CHINA SAVERS!
CHINA WILL ALSO LEAD THE 100 BILLION DOLLAR AIIB (ASIAN INFRASTRUCTURE BANK), AND HAVE VETO POWER OVER IT JUST LIKE THE U.S. HAS IN THE IMF!
TODAY WE SEE INDONESIA CONTRIBUTE AN ADDITIONAL FUNDING OF 672 MILLION TO THE AIIB! MMMM
SO, CAN I RAMBLE JUST A BIT ON THE GREECE FALL OUT FOR A MOMENT? THANKS.
MACEDONIA WANTS THEIR MONEY OUT! WE ALSO SEE TONIGHT THAT AUSTRALIA HAS LOST MILLIONS ALREADY IN THE STOCK MARKET OVER THIS! THE DAM IS BEGINNING TO BREAK NOW.
CHINA’S MARKET IS APPROACHING BEAR MARKET TERRITORY OVER THIS GREECE SAGA!
U.S. FUTURES ARE DOWN 264 POINTS ON THE DOW AS I WRITE THIS.
FINALLY, THE MARKETS ARE IN REALITY MODE AS A BAILOUT IS NOW A FOREGONE CONCLUSION! CARL ICAN THIS PAST WEEK HAS BEEN SAYING THE MARKETS ARE OVER VALUED! MANY OTHER SIGNIFICANT PLAYERS HAVE BEEN TOOTING THE SAME HORN!
IS THE GREAT RE-PRICING ABOUT TO BEGIN? WELL, IMO I THINK SOME CORRECTION WILL HAPPEN HERE AS THE EURO DROPS AND THE DOLLAR RISES, BUT I THINK THE MARKETS WILL MAKE A REBOUND RECOVERY AFTER THE SHOCK!
MAYBE WE WILL SEE A 10 PERCENT DROP FOR NOW AND A RECOVERY BUT "LOOK OUT BELOW" IN EARLY SEPTEMBER WHEN THE FED PLANS ITS FIRST RATE HIKE!! REMEMBER, "EAST TO WEST” F26!
NOW ITS BACK TO THE EURO.
WE KNOW THAT MOST BRITAIN'S WANT OUT OF THE EURO AS THEY AWAIT A REFERENDUM VOTE ON THE MATTER! NOW IF ANY OTHER COUNTRY EVEN BLINKS ON EXITING THE EURO ITS CURTAINS!
LET’S TALK ABOUT GREECE’S DEBT. REALIZE THAT THEY DON’T WANT TO PAY ANYTHING BACK TO THE ECB AS THEY HAVE STATED BECAUSE THEY SAID THEY WERE TRICKED INTO THIS FIAT CURRENCY AND WANT A JUBILEE! MMMM
NOW IF THE OTHER COUNTRIES WANT TO STAY IN THE EURO THE REMAINING COUNTRIES WILL HAVE TO PAY OFF GREECE’S DEBT! HOW WILL THEY DO THAT? THEY WILL TRY TO DO IT THROUGH THE QE (QUANTITATIVE EASING) PROCESS!
WELL, THE PROBLEM HERE IS THE ECB HAS ALREADY DONE SUCH AN AGGRESSIVE PROGRAM ALREADY. IN FACT, THEY HAVE TRIED TO BUY MORE BONDS THAN EXIST! NOW THAT DOESN’T PASS THE SMELL TEST RIGHT? RIGHT!
THERE ARE SOME SAYING DRAHGI OVER STEPPED HIS AUTHORITY! MMMM WITH QE ALREADY ON STEROIDS I FIND IT CHALLENGING AT BEST TO EXPECT ANOTHER COUNTRY LIKE ITALY, SPAIN, OR PORTUGAL TO HAVE TO PAY OFF GREECE’S DEBT WHEN THEY ARE ALMOST AS BAD! CATCH MY DRIFT? THOUGHT SO! BY THE WAY, SOME ADJOINING COUNTRIES BY GREECE THAT ARE NOT IN THE EURO MAY IMPACT THE EURO AS WE’VE SEEN IN OTHER ARTICLES.
WELL GUYS, THE "ACCIDENT ON PURPOSE" HAS BEGUN!
WITH IRAQ WAITING LIKE THE REST OF US, THEY CAN’T WAIT TO DO THEIR JOB!
FUNDING FINDS ITS' WAY FIRST, WHICH WE ARE SEEING. THEN, THE FIAT IN ITALY MAY BE THE NEXT TO GO, AND I DON’T WAN’T TO BE IN THAT KIND OF VEHICLE WHEN YOU’RE IN AN ACCIDENT! HEE HEE
RUN, RUN, AS FAST AS YOU CAN, EAST TO WEST!
REMEMBER GUYS, THESE ARE JUST MY THOUGHTS AS I SEE THEM, IN MY OPINION!
6-28-15 Poppy3: FOR THOSE WHOM DON'T UNDERSTAND THE DIFFERENCE BETWEEN BEING BROKE OR BEING OUT OF MONEY. OUT OF OPERATIONAL MONEY IS IRAQ'S DESPERATION THEY ARE OUT OF OPERATIONAL CAPITAL (CASH FLOW PROBLEM) DOESN’T MEAN THEY ARE BROKE WHEN IN FACT THEY ARE AND MAY BE THE RICHEST COUNTRY IN THE WORLD.
ESPECIALLY FOR THEIR SIZE BUT THEY HAVE ASSETS TO BURN AND BELIEVE ME IN THEIR SITUATION TODAY THEY ARE BURNING MILLIONS A DAY WHILE TRYING TO COMPLETE ALL THE REQUIREMENTS THEY MUST MEET BEFORE THEY CAN GO GLOBAL. WHEN THEY COMPLETE THEIR REQUIREMENT LAID OUT BY THE IMF, WORLD BANK, UNITED NATIONS I ASSURE YOU WE WILL IMMEDIATELY WILL SEE A RATE. BGG Blog
6-28-15 STAGE3ALPHA: SUNDAY INTEL SNACK 7:03 PM EST
THIS WEEK YOU WILL HEAR THE NONSENSE STORIES THAT GREECE IS THE REASON FOR NO RI/RV AND THAT IS 1000% NOT TRUE. GREECE HAS ABSOLUTELY NOTHING TO DO WITH THE REVALUATION OF THE IQD OR ANY OTHER CURRENCY. Comment
6-28-15 Poppy3: GREECE NOT HOLDING ANYTHING IN IRAQ UP PERIOD. BGG Blog
6-28-15 MY LADIES (Chatroom): OK OK...BACK TO FACTS NOW PLEASE...
CHATTER: Spotlight on Greece’s Gold Reserves and Grexit https://www.bullionstar.com/blogs/ronan-manly/tag/greece/
MY LADIES: VERY INFORMATIVE PIECE..THANK YOU CHATTER
PrincessDD: Looks like in this article they are using their Danish Kroner too
MY LADIES: NOW LET'S GO TO IRAN OK...BECAUSE THIS WILL HAVE HUGE IMPACTS ON ALL SORTS OF THINGS WHEN THEY JOIN THE WORLD ON TUESDAY
Princess DD: <<< Obama plays ‘Let’s Make a Deal’ with nuclear Iran
MY LADIES: ALRIGHT SO I THINK THIS ANOTHER BEHIND YOUR BACK IN FRONT OF YOUR FACE DEAL.
THE FLAMINGO MATING DANCE CONTINUES AND I THINK WE ALL KNOW THE OUTCOME.
I THINK THIS DEAL IS LOCKED AND READY AND ALL THIS MEDIA IS JUST TRYING TO SELL IT TO THE AMERICAN PEOPLE.
With a Tuesday deadline for a negotiated deal, the stretch drive is following a familiar script. Iran raises its demands, and America, on behalf of major powers, responds with capitulations.
The most recent concession saw the United States dropping a demand that Iran come clean about how much of its past atomic research was related to military use. Secretary of State John Kerry signaled the retreat when he said he was “not fixated” on the past.
MY LADIES: WE SAW THIS U-TURN LAST WEEK REMEMBER, THAT'S WHEN I WAS PRETTY SURE THE DEAL WAS DONE.
Although European leaders protested, Kerry and his colleagues consistently show they will do almost anything to get a deal.
MY LADIES: THERE IS A BUCKET FULL OF MONEY ON THE TABLE.
Iran knows that, too, which is why it keeps making new demands, including that all economic sanctions be lifted immediately and that inspectors can never set foot on military sites.
The mullahs have the upper hand because the other side is desperate.
MY LADIES: SOUNDS DONE TO ME.
Meanwhile, the White House strategy to win support at home has been transparent, as in obvious.
After claiming the only alternative to an Iran deal was war, it has consistently low-balled the odds of a final agreement.
The aim is to make a deal desirable to the American public, then use that desire as a cover for making endless concessions.
Obama sealed the approach by saying there was no military option, so a deal was the only option.
MY LADIES: I FIND THIS NO COINCIDENCE THAT THIS DEAL LINES UP WITH THE DEFAULT ACTION AND COINCIDES WITH THE BRICS BANKS COMING ON LINE.
WE HAVE A BUSY COUPLE OF WEEKS COMING UP LET'S SEE WHERE WE END UP.
Farhead: Good points Mary, the Greek default/EU crisis and its aftermath will completely shadow the US congress's concerns over this deal( with Iran) in a few weeks.
On the other hand the new BAnks and specially the new international payment systems give Iran a way to trade internationally without the need for the current( singular) SWIFT system, hence a greater bargaining position.
Bottom line, US opposition will only hurt US big business and we know who controls all three branches of our government!!! It is a done deal, only political posturing for domestic politcs!
MY LADIES: CORRECT HOW DOES THAT SAYING GO
DAZZLE THEM WITH BULLS***.... WELL THAT'S WHAT'S HAPPENING ….IT'S DONE
SO ISN'T IT BETTER FOR THE US TO GET INTO A DEAL WITH IRAN NOW??
BECAUSE SANCTIONS OR NOT THEY WILL JOIN AN ALTERNATE SYSTEM IF SOMETHING IS NOT ARRANGED NOW.
SAUDI AND RUSSIA WILL HAVE THE OIL, SO MUCH FOR RUSSIA'S SANCTIONS..
AND THE USA AND IRAN WILL HAVE THE GAS
SINCE YOU CAN'T HAVE 2 ROOSTERS IN THE SAME PILLOW CASE, THE US SENT SAUDI TO ALIGN WITH RUSSIA WHILE THEY CAN MAKE NICE WITH IRAN.
THE ALTERNATIVE IS RUSSIA HAVING ALL THE TOYS...
Farhead: Right... the new Asian banks and payment systems are in part insurance fior China, Russia, Brics and others that care to join, to escape US financial hegomony...we are about to see how it will affect the world in the future!!
MY LADIES: OH YES WE ARE
Chatter: G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Mondayhttp://www.zerohedge.com/news/2015-06-28/g-7-eu-banking-officials-hold-emergency-calls-ahead-black-monday
MY LADIES: THIS IS INTERESTING, BUT I JUST DON'T THINK ANY CONFERENCE CALL IS GOING TO SLOW THE TRAIN DOWN....HOW EXPOSED IS GERMANY???
MY LADIES: OK BACK TO THE G7 SO WHILE LOOKING FOR THE BLOOMBERG REPORTS I FOUND THIS GREAT BLOG SPOT.. HAVE A LOOK
The Greek Butterfly Effect
MY LADIES: SO HERE IT IS ALL SUMMED UP REALLY NICE WITH A BOW ON TOP..
Many times nothing happens for a long time. Then all of a sudden everything happens at once. Like a dam break. It builds slowly and then it bursts.
Make the math workable
MY LADIES: SEE I SAID THIS YESTERDAY RIGHT...IT'S ALL ABOUT THE MATH...THE MATH DOES NOT LIE.
*In the US the 4 principle “solutions” to make the math workable were to:*
1. End mark to market which had the basic effect of allowing institutions to work with fictitious balance sheets and claim financial viability.
2. Engage in unprecedented fiscal deficits to grow the economy. To this day the US, and the world for that matter, runs deficits. Every single year. The result: Global GDP has been, and continues to be overstated as a certain percentage of growth remains debt financed and not purely organically driven.
3. QE, to flush the system with artificial liquidity, the classic printing press to create demand out of thin air.
4. ZIRP. Generally ZIRP has been sold to the public as an incentive program to stimulate lending and thereby generate wage growth & inflation. While it could be argued it had some success in certain areas such as housing, the larger evidence suggests that ZIRP is not about growth at all.
To make global debt serviceable. To make the math work without a default.
Here’s the strategic frame-up:
Ultimately what Greece needs is debt relief. Big time debt relief to make the math work.
The global cabal of creditors, ECB, EU, and IMF do not want that.
Why not? Because the very second they do this the classroom will look like this:
Here’s the strategic frame-up:
Everybody would want a cut on their debt starting with Italy, Spain, Portugal etc. and the dominoes would be rolling.
MY LADIES: THIS IS A GOOD READ...CLICK THE LINK FOR THE WHOLE STORY
Bandito Rox: Greece To Close Banks And Stock Exchange On Monday
ATHENS/FRANKFURT, June 28 (Reuters) - Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level.
Greece's banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday. http://www.huffingtonpost.com/2015/06/28/greece-debt-crisis-capital-controls_n_7681344.html
PrincessDD: Black Monday is really happening WOW!
Bandito Rox: Athens stock exchange will not open on Monday: source
ATHENS, JUNE 28 http://www.reuters.com/article/2015/06/28/eurozone-greece-exchange-idUSA8N0Z302J20150628
PrincessDD: Ukraine is asking for a 40 percent write off and will also default in July
MY LADIES: OH YES IT IS COMING...THE EU WARNED THAT IT WOULD SPREAD LIKE A DISEASE..NO ONE IS IMMUNE FROM WHAT IS COMING...
BUT THE UPSIDE WILL BE A MUCH SOUNDER GLOBAL BANKING SYSTEM...(FOR NOW)
Chatter: A Money Murder Mystery: Who Killed the Stock Market?
Liquidity, the "life blood" that allows the world's capital markets to function, has been murdered.
Liquidity was choked violently in the bond market by the gloved hands of its erstwhile babysitter – the broker-dealers- but it bled to death in the stock market from a thousand cuts.
We should be afraid. The lurking henchmen who worked as lookouts on "the job" are the very regulators and guardians of the stock and bond markets who should've stopped it.
Worse, they don't understand their own crime.
That's scary enough, but what's more frightening is how the wheels of both the stock and bond markets could seize and come to a screeching halt at any time.
Investors who don't want to be murder victims need to examine the evidence.
Here it is, in black and white with red all over…
Dead on Arrival: One of the Most Important Functions of the Market
liquidity is critical for smooth functioning markets. Abundant liquidity has been the hallmark of U.S. capital markets. While there have been corrections and crashes in those markets, most of them were caused by massive selling that overwhelmed normal liquidity.
That's not the case anymore.
There is only normal liquidity on sunny, up-market days.
But on down days – for stocks and for bonds – liquidity dries up quickly. Indeed, it can disappear altogether – literally – in a matter of seconds.
Disappear as in: none. No buyers to be found – at any price.
There's only one reason stocks can free-fall: There's no liquidity. If there are no buyers waiting to catch falling assets at even bargain prices, there is no "bottom" to the market.
If there's no liquidity – and no bottom other than zero – investors caught in the next free-fall may not be so lucky, especially if markets don't rebound like they did in May 2010.
PrincessDD: Batista Jr is on Russia Today getting interviewed. He attends Bilderberger meetings. He is the IMF executive director… He is going to head up the BRICS and leaving the IMF.
AH: Everybody start getting in line for debt forgiveness..................starting with "a"s, followed by the "b"s, etc., etc...... Oh,....that means either America is at the front of the line or in the back with the United States of America...............lol
MY LADIES: SO I'M WATCHING THIS INTERVIEW WITH BATISTA AN I KEEP FLASHING ON ALL THE MONEY IRAQ HAS BORROWED FROM THE IMF...
HAVE A LOOK http://rt.com/shows/worlds-apart-oksana-boyko/270217-greece-ukraine-debt-crises/
PrincessDS: The Latest: Bank of Greece recommends banks remain closed http://www.myfoxaustin.com/story/29425532/the-latest-greek-minister-hints-no-payment-tuesday-to-imf
PrincessDD: And here we go!
Panic Among Hedge Fund Investors in Greece
6-28-15 Dinar Updates:
Q: [If I were an Iraq citizen and my neighbor Kuwait was rich because their currency was at 4 and mine was at 1166, I would be throwing a fit by now. Cant the people and government see the huge disparity between the 2 countries and do they not realize the problem.]
BGG ...there was word getting out of Baghdad over the last couple of weeks about demonstrations brewing over the exchange rate of the Dinar...
They have been following this as we have. Maybe not as close - expecting something to happen...they are getting restless –
in fact, this recent "weakening" of the Dinar nearly got something going Abadi couldn't handle...
6-28-15 OOTW and sczin11: RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. ...THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. NOW LOOK AT THIS.
ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015..." THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY... THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING.
THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DON'T NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ...THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL. I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY. THE PRIVATE SECTOR, THE KEY TO ANY NATIONS ER AND MR [ECONOMIC REFORM AND MONETARY REFORM], HAS BEEN LAUNCHED...PERIOD! Comment
6-28-15 BGG: Sunday Afternoon Dinar Call!!
w/Live Q & A - 6/28 @ 4:30 pm CST
Click 760-569-7676 pin# 570743
Read More: http://www.dinarupdates.com/observer
6-28-15 Backdoc: AS WE SEE FUNDING FINDING ITS WAY AROUND THE GLOBE IN ALL GEOGRAPHICAL REGIONS.... WE ARE SEEING THE GLOBAL RESET FINDING ITS PROPER PLACES JUST IN TIME.
HOW CAN THE OLD SYSTEM PASS AWAY WITHOUT THE FUNDING FOR THE NEW SYSTEM TO LAUNCH?
COULD THE LAST MINUTE SECRET TRADE DEALS BE ABOUT READY?
THE NEW SYSTEM WILL BE BASED ON AN ASSET BACKED SYSTEM WHICH PIF HAS SO ELOQUENTLY SHARED WITH US.
THE FIAT CURRENCY WARS ARE ABOUT TO HAVE A PERMANENT HURT PLACED ON IT. LOL
THERE WILL BE GOLD, BLACK GOLD, AND MANY OTHER FORMS OF BACKING TO THE NEW REALITY!!
AS GLOBAL TRADE AGREEMENTS ARE SECURED THE NEW REALITY WILL BE A GLOBAL PLAN.
COUNTRIES WILL BE MONITORED THROUGH THE IMF SINCE THE NEW BASEL 3 SOFTWARE WILL MONITOR AND CONTROL THE NEW REALITY BASED ON THE CONTRACTS AGREED TO.
CURRENCIES WILL BE ABLE TO BE STABILIZED AND EQUALITIES WILL BE GIVEN TO ALL TRADING PARTNERS.
8@8, DOC IMO Comment
6-28-15 Already Blessed: [We definitely don't know for sure if the Greece situation affects in anyway the RV...] OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS. Comment
6-28-15 WealthWatch.World (Chat with OOTW):
OOTW: RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. MANY PEOPLE ASK, “WHAT DOES IT MEAN, 'PRIVATE SECTOR DEVELOPMENT?” LETS JUST TALK FOR A SECOND OF WHO WHAT WHERE WHEN AND WHY OF PRIVATE SECTOR DEVELOPMENT; PRIVATE SECTOR IS THE KEY TO ECONOMIC REFORM ON IRAQ.
OOTW: PRIVATE SECTOR DEVELOPMENT IS WHEN AN AVERAGE CITIZEN HAS AN IDEA FOR A PRODUCT, THEY EITHER HAVE THE PERSONAL FUNDS TO MANUFACTURE AND DISTRIBUTE THE GOODS, OR THEY GO TO THE BANK AND GET A LOAN. THEN THEIR PRODUCT IS AVAILABLE TO THE EVERY DAY CITIZEN, WHO ARE SHOPPING.
tourman: small businesses, always the engine to an economy
OOTW: YOU MAY REMEMBER SEVERAL MONTHS AGO THAT THE CABINET CAME OUT AND STATED THEY WERE GOING TO CONVERT “PUBLIC SECTOR (GOVERNMENT) COMPANIES” TO PRIVATE SECTOR – THEY'RE STILL WORKING ON THIS TRANSFORMATION – BUT THIS WEEK WE SAW THE CABINET ANNOUNCE THAT THEY'RE GOING TO ACTIVATE THE PRIVATE SECTOR – THIS INCLUDES BACKING EVERY DAY PEOPLE WHO WANT TO START BUSINESSES, AS WELL AS CONVERTING DIVISIONS OF THE GOVT TO BE MANAGED AS PRIVATE COMPANIES.
sczin11: SMALL, LARGE, DOESN'T MATTER, IT IS THE CITIZEN OF IRAQ...THE EVERYDAY JOE...THAT IS THE PRIVATE SECTOR
OOTW: YES SCZIN IT COULD BE HUGE MANUFACTURING PLANT AND BECAUSE IT DOESN'T FALL UNDER THE AUSPICES OF THE GOVT IT'S PRIVATE SECTOR IN ACTION
sczin11: HOW CAN OR DOES THE GOVT HELP THE PRIVATE SECTOR
OOTW: SO I'VE ADDRESSED THE WHAT WHERE AND WHEN – NOW WHY? BECAUSE THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. TARIFFS AND TAXES – MOVING TOWARDS SHIPPING REGULATIONS – AND OPENING INSURANCE OFFICE FOR TRANSPORTERS = BRINGING IN AND EXPORTING GOODS ACROSS BORDERS.
Tex: Like a drive through Camel wash
OOTW: TEX LOL
BaronvonB: Does this include all those investors that are sitting outside Iraq, waiting to get in?
OOTW: MANY ARE ALREADY "IN" BARONVONB
BaronvonB: That would mean that there is a rate, wouldn't it?
OOTW: SO NOW WE HAVE A GREAT ARTICLE - SCZIN BROUGHT THIS TO US
OOTW: IT'S VERY TELLING
tourman: ‹@sczin11› the gov can help by staying out of the way, and keep the playing field level with reasonable laws and regulations
OOTW: HOW CAN THEY SUPPORT THE PRIVATE SECTOR..WHAT ARE WAYS IN WHICH PEOPLE CAN PAY FOR THESE "PRIVATE SECTOR" GOODS?
OOTW: TOURMAN MANY OF WHICH THEY'RE NOW CREATING OR ALREADY HAVE, ESP THE IRAQI NATIONAL PRODUCT LAW. THAT'S WHY WE'RE SEEING SO MUCH TALK ABOUT THIS LAW. THEY'RE SETTING UP FOR BUSINESS.
OOTW: NOW LOOK AT THIS
OOTW: ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015 Confirmed the Information Office of the Prime Minister, Haider al-Abadi, the project Start your transaction from your house "was launched after preparations" marathon "lasted six months, a first step towards governance electronic step, returned that window for the use of information technology in facilitating transactions citizens and currency companies. He was head of the Iraqi Council of Ministers, Haider al-Abadi, in the 11th of June of this, the national campaign to simplify government procedures using information technologies under the slogan (your government at your service).
OOTW: "Start your transaction from your house"
sczin11: FOLKS, LOOK AT THE DATE.....
Donnie: it just came out, it's 5 AM there
quicktolegit96: I GET THIS INFO FROM YALL, THIS IS GREAT
OOTW: THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY BASED ON CONVENIENCE
sczin11: was launched
OOTW: The government launched before the period of the e-government project, which is a modern system based on the use of the World Wide Web, the Internet, in linking the state institutions to each other, and linking the various services private institutions and the general public, and the development of the information available to individuals in order to create a transparent relationship is characterized by speed and accuracy It aims to improve the quality of performance. Ended (1)
[2015-06-27 19:53:08] sczin11: was launched
OOTW: THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING. THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DONT NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ
OOTW: THAT'S WHAT SIGOB (DIV OF UN) HANDLES
OOTW: THIS ANNOUNCEMENT STATES THAT THEY'RE GOING TO LAUNCH THIS IN JULY
sczin11: was launched
OOTW: IT'S THE VERY BEST PRIVATE SECTOR SUPPORT WE CAN HAVE - "EASE OF PAYMENT"
OOTW: THIS IS SO GREAT FOR THE PRIVATE SECTOR DEVELOPMENT AND I WANT TO SAY HOW CAN THEY STATE THAT DA'ASH IS CONTROLLING THE BANKS IN FOUR OF THEIR PROVINCES AND IMPLEMENT THIS NATION WIDE?
vtech: 4:56 AM Sunday, June 28, 2015 (GMT+3) Time in Iraq
OOTW: THEY ARE NOT SAYING "WILL ONLY BE LAUNCHED IN NON DA'ASH CONTROLLED AREAS"
OOTW: I ALSO WANT TO REMIND YOU THAT THE GOVT CAME OUT LAST WEEK AND SAID THAT IF THE CBI DOESN'T GET THEIR ACT TOGETHER THAT THE GOI IS GOING TO AMEND THE BANKING LAW TO ADDRESS THESE PAYMENTS, HOW THE BANK EARNS MONEY ON TRANSACTIONS, ETC. I HAVE TO WONDER WHEN I SEE NEWS LIKE THIS, HOW FAR HAVE THEY REALLY COME REGARDING THE BANKING LAWS AND THE DEPOSITORS INSURANCE? I'M HOPING WE'LL HAVE SOME SURPRISES VERY SOON RE LAWS, I JUST DON'T SEE THAT THEY WOULD INSTITUTE THIS WITHOUT PROTECTIONS, THEY COULDN'T
sczin11: REMEMBER... DAVOS...THE TEASER EARLIER THIS EVENING.....IRAQ IS OPEN FOR BUSINESS
quicktolegit96: GREAT FINDS
OOTW: SEE THIS ARTICLE FROM JUNE 14? I'M GOING TO PULL IN ONE QUOTE, AND AGAIN, ALL WILL BE POSTED IN MY NOTES AS USUAL
OOTW: Private banks: Central Initiative strengthened the communication channels between the banking sectors Author: Publisheron:June 24, 2015In: economy
sczin11: AND HOW ABOUT THE LOANS? To THE PRIVATE SECTORS WE JUST SAW APPROVED AND ORDERED THIS WEEK
OOTW: YES TIES IN PERFECTLY SCZIN11!
OOTW: "The Prime Minister adviser appearance of Mohammed Saleh working to improve the credit outlets and improve market outlets and provide soft loans to raise the working capacity of the private sector, noting that the Central Bank has estimated at five trillion dinars small and medium-sized enterprises financial package."
quicktolegit96: SO WHAT ARE YALL SAYING IN LAYMAN TERMS LOL
tourman: all this going on whilst their currency is kaput. somethings gotta give
OOTW: THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL
OOTW: I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY
OOTW: ANY QUESTIONS?
quicktolegit96: I HAVE BEEN SAYING THAT FOR QUITE SOME TIME... IT IS KEY
vtech: ‹@quicktolegit96› if it doesnt potential change in value very soon your to blame quick
quicktolegit96: SO HOW ARE YALL FEELING ABOUT JULY GOING INTERNATIONAL
sczin11: ‹@quicktolegit96› THE PRIVATE SECTOR , THE KEY TO ANY NATIONS ER AND MR, HAS BEEN LAUNCHED...PERIOD!
quicktolegit96: VTECH I WILL TAKE THE BLAME JUST FOR YOU
tourman: those bonds still gotta be delt with tho
OOTW: THE TARIFFS ARE NOT SAID TO BEGIN UNTIL AUGUST 1 BUT THE ABOVE ARTICLE FOUND BY SCZIN IS VERY INTERESTING TO ME
OOTW: YES THEY DO THE BANKS NEED LIQUIDITY
OOTW: OKAY I'M GOING TO MOVE ONTO SECURITY BECAUSE THAT'S A BIG QUESTION ON EVERYONE'S MIND
quicktolegit96: MAKE MONEY OFF OF INTEREST RATES...
OOTW: YEP QUICK AND FOR THAT THEY HAVE TO HAVE THAT BANKING LAW AMENDED
OOTW: SCZIN BROUGHT US ANOTHER GREAT FIND THIS PAST WEEK, ABOUT THE JORDAN CAPITAL BANK IN MOSUL
OOTW: MOSUL BANKING - I EXAMINED MANY SOURCES OF IRAQI MEDIA – WHY DID NO ONE PICK UP ON THIS WHEN IT CAME OUT OVER A MONTH AGO? HOW COULD THIS BE POSSIBLE THAT THE JORDANIAN BANK OWNS 72% OF THE NATIONAL BANK OF IRAQ – AND YET DA'ASH IS SUPPOSEDLY IN CONTROL OF THE REGION??? IF YOU EXAMINE THIS THREAD, YOU'LL SEE THE ARTICLES INDICATE A MORE DIRE SITUATION VS THE INTERVIEW WITH BASSEM. I HAVE TO THINK THAT MUCH HAS BEEN MISCOMMUNICATED IN THE ARTICLES
OOTW: IN BASSEM'S ORIGINAL VIDEO INTERVIEW FROM MAY 2015
OOTW: HE SAID THAT DA'ASH WAS NOT CONTROLLING THE BANKS THEY ONLY ISSUE THEY WERE HAVING IS A LACK OF PRIVATE NEW ACCOUNT HOLDERS
OOTW: NOW A MONTH LATER, THE IRAQI PRESS HAS TAKEN AND TWISTED WORDS FROM THIS INTERVIEW, AND THE ARTICLE IS CHANGING DAILY
Donnie: DASSH doesn't have a problem/issue with Jordan
OOTW: I JUST WANT TO POINT THAT OUT SO YOU ALL CAN BE MINDFUL
Donnie: so leave a Jordan owned bank alone
OOTW: NO HON, THIS BANK HOLD ITS HEADQUARTERS IN JORDAN WITH A LARGE PRESENCE IN MOSUL. IT'S STILL IN DA'ASH TERRITORY, SUPPOSEDLY, AND HOLDS 72% OF THE SHARES OF THE NATIONAL BANK OF IRAQ
OOTW: SUPPOSEDLY..HOW WOULD IRAQ ALLOW THIS IN AN AREA WHERE ISIS IS ALLEGEDLY CONTROLLING THE BANKS? IT'S JUST CURIOUS AND A QUESTION PUT TO YOU ALL FOR THOUGHTOOTW: OKAY I WANT YOU TO SEE THIS ARTICLE I FOUND TODAY, IT'S VERY INTERESTING
OOTW: Transportation: $ 121 million revenue to cross Iraq's airspace by aircraft In the world of economics and business June 14, 2015Comments on Transportation: $ 121 million revenues aircraft crossing Iraq's airspace closed 9 visit Transport Minister Bayan Jabr, said that the ministry Rphit general budget to 160 billion enlightened. A statement of the ministry, on Sunday, for Zubaidi said, "The ministry has succeeded in providing the general budget of B121 million dollars (160 billion dinars) in revenue planes crossing Iraqi airspace".
(Messages: 2402) (Page: 21/25)
OOTW: "CROSSING IRAQI AIRSPACE"
OOTW: "The ministry has fought a long discussion with the Organization of IATA Iraq to pay dues, which were stalling to repay the organization under the pretext that there Company filed on Iraq." Zubaidi said that "the money would not have been paid to Iraq, but for the escalation, which resorted to legal means followers of the ministry in the United Nations, and to inform the representative of Iraq followers of legal ways of obtaining the right of the Iraqi".
BaronvonB: Not landing?
OOTW: I'LL CONTINUE BARON
sczin11: WHO IS PAYING THE MONEY QUOTED HERE?
OOTW: He stressed "the follow-up to the rest of the Iraqi funds, and increase imports of the ministry and its earnings to finance its budget and supplement the government's money."
OOTW: THEY'RE TALKING ABOUT A TAX TO THE INTERNATIONAL COMMUNITY ON REVENUES FLYING OVER IRAQ – THIS INCLUDES CROSS BORDER AIR TRAVEL, THAT'S INTERNATIONAL . THIS FALLS UNDER REGULATIONS OF INTERNATIONAL REVENUE – – THIS IS A BIG DEAL!
sczin11: AND WHY NOW, AND NOT IN RECENT HISTORY?
sczin11: AHHHHH, OK
OOTW: EXACTLY SCZIN11
OOTW: Another way of reducing budget deficit..another form of revenue, BUT MORE IMPORTANT, IRAQ BEING RECOGNIZED AS A NATION WITH INTERNATIONAL RIGHTS...ANOTHER POSITIVE INDICATOR WE SAW THIS WEEK IS THAT THE MINISTRY OF TRADE IS OPENING INSURANCE OFFICES TO COVER TRANSPORTATION CROSS BORDERS
OOTW: ALL BORDER'S
OOTW: AND TO TIE IN WITH THIS
sczin11: SO WE HAVE MORE INFORMATION, ON DEFICIT REDUCTION IN THE BUDGET OF 2015, MORE REVENUE NEVER SEEN BEFORE IN INK, OR TALKED ABOUT, THAT I RECALL, RELEASE ALMOST TWO WEEKS AGO, AND NOONE FOUND IT
OOTW: [Image: grin.png]
OOTW: ANOTHER GREAT INDICATOR WE HAVE IS THAT ZAIN IS FINALLY GOING PUBLIC
sczin11: OR THOUGHT IT TO BE SIGNIFICANT.... THIS IS HUGE...IRAQ IS BEING RECOGNIZED AND NOW COMPENSATED BY THE INTERNATIONAL COMMUNITY FOR ALLOWING USE OF THEIR AIRSPACE...
OOTW: YES GREAT POINT, SCZIN11!
OOTW: A COUPLE ASPECTS I'D LIKE TO POINT OUT. THERE WILL ALWAYS BE MONEY LAUNDERING AND COUNTERFEITING IN IRAQ, AND EVERYWHERE ELSE, EVEN AFTER "MONETARY REFORM" TAKES PLACE
sczin11: AFTER 5 YEARS, OF WHATEVER POSSIBLE GOVERNMENT INTERFERENCE, ZAIN IRAQ, IS BEING TRADED ON THE ISX....
OOTW: THIS (COUNTERFEITING AND LAUNDERING) HAS ALWAYS EXISTED
sczin11: FOLKS, THIS IS HUGE INFORMATION, RELEASED FOR THE WORLD TO SEE....
quicktolegit96: ONLY TRADING GOING ON IN COUNTRY?
OOTW: THE CABINET ISSUED AN OFFICIAL ANNOUNCEMENT TO SUPPORT WHAT THE MINISTRY OF TRADE HAS REPORTED RE THE INSURANCE OFFICES AND STATED THAT THEY'RE GOING TO INSTITUTE CROSS MINISTRY OVERSIGHTS OF ALL GOODS BEING TRANSPORTED ON LAND BORDERS
caracam: I'm floored by it all thank you
OOTW: OUT OF COUNTRY QUICK
OOTW: YW CARACAM
OOTW: I'LL POST EVERYTHING WITH LINKS, SO YOU CAN SEE
quicktolegit96: OUT OF COUNTRY WITHOUT BEING INTERNATIONAL?
sczin11: THE PIECE OF THE PLAN, THE PRIVATE SECTOR DEVELOPMENT PIECE, HAS BEEN LAUNCHED FROM MANY DIRECTION
OOTW: YES, THAT'S PECULIAR ISN'T IT QUICK?
OOTW: YES THAT'S THE PRIMARY ASPECT SCZIN11
OOTW: SO ANY QUESTIONS ? THERE'S PLENTY MORE SUPPORTING INFO WHICH I'LL POST IN THE FORUM AND I HAVE ONE FINAL THING TO SAY
quicktolegit96: OOTW SCZIN HOW PROMISING DOES JULY SOUND? LOL
OOTW: THE SUPREME JUDICIARY AND THE HOUSE OF REPRESENTATIVES ARE GETTING THE ISSUES DETERMINING WHAT CONSTITUTES A MAJORITY TO PASS LAWS - STRAIGHTENED OUT. THEY'VE SAID THEY'RE GOING TO WORK THIS OUT BEFORE PARLIAMENT RETURNS I HOPE THEY DO
sczin11: ‹@OOTW› THANK YOU FOR PUTTING THE PIECES TOGETHER FOR ALL OF US, SO METICULOUSLY, AND ELEGANTLY
sczin11: SORRY, THGHT U WERE DONE
OOTW: THANKS SCZIN11! HONESTLY I COULDN'T DO IT WITHOUT YOUR INVALUABLE HELP AND NO EVERYONE I'M NOT BROWN NOSING LOL
OOTW: NO ONE MORE THING
quicktolegit96: IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?
OOTW: EVERYONE, WHEN YOU COME INTO THE CHAT ROOM AND YOU SEE NOT MUCH GOING ON....I URGE YOU TO READ THE FORUMS, BECAUSE THAT'S WHERE WE POST OUR "BREAKING NEWS" AND NOT ALWAYS IN THE CHAT ROOM
sczin11: ‹@quicktolegit96› I WOULD THINK SOOOTW: QUICK ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER
quicktolegit96: CREDIT RATING, LOANS, INTEREST RATES, LAWS IN JULY.....HMMMMM
OOTW: AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS
OOTW: WHAT REALLY WILL HAPPEN, I DONT KNOW
EdoBini: These news information tonight are very refreshing. Thank you so much
OOTW: AS YOU KNOW I'M NOT A PUMPER
quicktolegit96: BEST NEWS TONIGHT IN AWHILE, TY
OOTW: AWWW THANKS QUICK
quicktolegit96: OOTW I KNOW UR NOT SIS
OOTW: I TYPICALLY WON'T HOLD A CHAT UNLESS I THINK THE NEWS IS TRULY GOOD AND I CAN BACK IT UP
OOTW: THANKS QUICK
vtech: ‹@quicktolegit96› your grounded
quicktolegit96: NO, TY TO BOTH YOU AND SCZIN
vtech: for stating that name
OOTW: 2/10 OF A CENT (THEREABOUTS) WOULD BE "DOUBLE"
OOTW: NOW THIS IS ONLY FROM ONE ARTICLE , SO DON'T GET YOUR KNICKERS IN A TWIST. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE - I'M ONLY PROVIDING AN EXAMPLE BASED ONE ONE ARTICLE.
Satrib: nothing beats just straight facts...no false hope or expectations.....just news saying what HAS happened......I like it
OOTW: EVERYONE CAN YOU PLEASE REFRESH?
Mayja811: Thank you!
OOTW: SURE MAYJA811
sczin11: FOLKS, LETS LET IT GO , PLEASE
quicktolegit96: JAR SUP DAWG, GREAT NEWS TONIGHT
OOTW: WE NOW RETURN YOU TO YOUR REGULARLY SCHEDULED CHAT ROOM
sczin11: ‹@OOTW› TY AGAIN
Wheresmyrv?: Thank you OOTW [Image: smile.png]
OOTW: SURE SCZIN11 AND TY!
quicktolegit96: DONNIE SHUP IT
OOTW: THANKS EVERYONE, HUGS
quicktolegit96: OOTW SCZIN U ROCK, CHATTELS U2
OOTW: THANKS SATRIB
caracam: thank you all
Content originally from http://wealthwatch.world
6-28-15 Enorrste: [You... have spoken before about how large investors will possibly get on board once they see it beginning to trend. So do we picture them as providing the momentum to keep it pushing higher?] I personally believe that once the exchange rate regime is changed to a free float mechanism that there will be significant interest from the financial community in the dinar. At this point it is not tradable on Forex or any other electronic media.
But once it becomes internationally tradable then speculators will begin to look at it. When they do so they will see that the reserves of Iraq are huge in relation to the value of the money supply. Then, just as they would buy up an undervalued stock, they will begin to buy up an undervalued currency. One thing will lead to another as the ticker begins to move upward, and interest will grow and grow until it overwhelms the system. That is how I see it. Comment
6-28-15 Millionday: JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING – HUGE. [Do you still think they have a date they are committed to get this done?] I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE? BGG Blog
6-28-15 My Ladies: I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR. WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR. WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO. IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES. Comment
6-28-15 God Bless Tony: The problems with Greece goes back to 1981 when Goldman Sachs cooked Greece's books to get them into the Euro. The bankers are not letting Greece go anywhere. If one doesn't understand the financial, historical perspective of the EU and Euro one can get lost in the minutia. The drama (the politics), which is all just to keep the people's "eye off the ball" to what is really going on.
Fact is the bankers are still feeding Greek banks Euros on the side as Greek's withdrawal several billion paper Euros every day. No one talks about that. This is consolidation of real assets in exchange for paper currency. See "Confessions of and Economic Hit man" Tony has recommended.
The bakers will continue to get as many austerity measure, pension cuts...as much as the people will tolerate and "fix" the "problem" with more loans of newly created Euros in exchange for more IOU's, baked by real assets from Greece. The only people who are getting screwed here are the people of Greece.
This "Referendum" thing is more drama. If voting really mattered they would make it illegal.
But, to put it into perspective...for many years Greeks have been living on luscious pensions, for doing government jobs that did nothing and retire at 50 etc. The whole socialist set up in Greece is not sustainable. Same thing will happen in U.S. some day. It never changes. People always want something for nothing. Comment
6-28-15 Aggiedad77: Article: "Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices" I so enjoy reading things when Dr.S [Dr. Shabibi] and Dr. Saleh appear to be doing things in tandem...a coordinated effort of sorts it would seem...let them crow because they know what is coming...aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR [Monetary Reform]. They understand what it will take to fully see the original dream for this currency to once again thrive. The politicians have not a clue to its true inner workings and thus need to stand clear and watch and be amazed at the end result for Iraq and the world. Comment
6-28-15 Enorrste: Article: “The central bank’s “Tomorrow Press:” the project to delete the zeros will be applied beginning of the year 2017 “This is an important article because it comes directly from the mouth of the head of the CBI. Furthermore, he is stating that he “expects” the beginning of the removal of the large notes to begin in early 2017. By stating this in this way, Allaq has left the door open a little bit.
As investors we have come to learn that this is a process that will begin with the change in the exchange rate regime from a fixed rate to a floating rate for the currency. This is essential PRIOR to the beginning on the removal of the large notes.
Therefore, we can look with confidence for a change in the exchange rate regime within the next several months, in my opinion. Then, according to the way I understand Allaq, he is allowing about a year or so for the value of the dinar to rise to a point at which the “beginning” of the removal of the large notes will take place. By early 2017 it will not surprise me to see the rate down to 100 or 200 to 1 for the dinar. Comment
6-27-15 SteveI: Topic: "Japan calls for Iraq to pay its dues working in the field of energy" You will start seeing more of these demands in the near future. Iraq is under tremendous pressure to get this done (value that is) and start moving their country forward like planned for years. Comment
6-27-15 MY LADIES (Chat): SO WHERE TO NOW??? IRAN OR EUROPE???
OK LET ME GET MY SUNGLASSES AND WE'RE OFF TO EUROPE...PRINCESS ARE YOU READY??
OK BANDITO WE GO TO IRAN WHEN I GET BACK FROM EUROPE...
PrincessDD: Can we stop by isle of Capri?
MY LADIES: SURE ...WHY NOT....LOL...
PrincessDD; Record rise in foreign investments in Iran
MY LADIES: PRINCESS IS YOUR GPS BROKEN??? (chuckle) HOW DID YOU GET IN IRAN...LOL...LOL..
MY LADIES: TALKS ARE NOT GOING PAST TUESDAY...EUROZONE JUST SAID NO!!
Eurozone Ministers Deny Greek Request to Extend Debt Talks
MY LADIES: PLAN "B" FULL STEAM AHEAD!
Greek debt crisis: Eurogroup shifting towards 'Plan B'
MY LADIES: LET'S HAVE A LOOK AT PORTUGAL AND SPAIN OK??
SO HERE IS BRIEF OVER VIEW AND TIMELINE FROM PORTUGAL..LET'S HAVE A LOOK SO WE GET CAUGHT UP BECAUSE I THINK THEY ARE NEXT..
Portugal profile - Timeline
PrincessDD: Greece on brink as bailout talks collapse (not finding anything on Spain yet other than inclusion in this article)
Greece's debt is mainly in the hands of other governments, rather than foreign banks or investors. The European Central Bank has launched a program of massive monetary stimulus, and the risk of contagion is reduced because countries such as Spain, Portugal and Ireland are all growing again.
MY LADIES: Eurozone Debt Crisis: Now It's a Hopeless Game of Whac-a-Mole
FOR THOSE OF YOU THAT WANT A BETTER UNDERSTANDING OF THE EUROZONE DEBT CRISIS AND WHY THESE DOMINOS ARE FALLING HAVE A QUICK READ HERE
PrincessDD: Probably wouldnt hurt to see what is going on with some of the other countries in the Eurozone: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain
MY LADIES: THAT'S RIGHT GOOD IDEA PRINCESS BECAUSE NOW THE TALKS ARE DONE AND THE WORST IS COMING
MY LADIES: NOW THE I TOLD YOU SO… FINGER WAGGING FROM CAMERON. BRITIAN WILL STAY IN THE UNION BUT THEY HAVE A LIST OF DEMANDS NOW...
AND SOME OF IT STARTS PRESSURE FROM EVERY CORNER.
The Guardian view on Britain and Europe: the Queen is right
Mr Cameron now has an electoral mandate to hold a referendum on the UK’s membership of the EU, but his “firm aim” in that vote is to keep Britain in, the note reveals.
The leaked note confirms Mr Cameron has boiled his reform demands down to four key headings – sovereignty and political union, competitiveness and the single market, fairness between eurozone and non-eurozone member states, and migration. These are all real issues. But Mr Cameron must continue to be “positive and low key” (his words, according to the note) in the way he negotiates about them. After all, as the Queen herself made clear in some very carefully chosen words in Berlin this week, there are much bigger things at stake in the European Union.
HERE READ THE WHOLE THING
SSS: Mary, at the risk of seeming one-track minded, for Iraq to take their dinar international, do you think they need to wait for all these other countires to restructure first or will they just take their turn ... whenever that is?
MY LADIES: THEY WILL JUST TAKE THEIR TURN, AND HERE'S MORE FROM THE UK
In the end, however, Mr Cameron is dealing with a Conservative party containing many people who are indeed obsessive Eurosceptics. They want to quit the EU under almost every circumstance. The modest demands and positive approach designed to keep the UK in the EU is not what they want at all.
MY LADIES: OK LET'S HAVE A LOOK AT IRAN..
SO I THINK THE DEALS WITH IRAN ARE DONE DONE DONE...EVERY THING ELSE IS POLITICAL POSTURING BUT LET'S SEE
Iran stakes out red lines on sanctions, inspections as nuclear talks get underway in Vienna
MY LADIES: IRAN HAS DRAWN SO MANY RED LINES I'M SURPRISED THE SHARPIE STILL WRITES...LOL..
The U.S. and other world powers are pursuing an agreement that would curb Iran's nuclear program for a decade in exchange for billions of dollars in sanctions relief.
MY LADIES: TEHRAN SAYS OK BUT LIFT THEM IMMEDIATELY AFTER THE SIGNING AND THE US IS SAYING NO
He says U.N. sanctions must end immediately after a deal and all other penalties must be removed. The U.S. and others say that won't happen
MY LADIES: SO TO ME THIS IS ALL JUST NOISE...BECAUSE WE HAVE SEEN DEALS ALREADY IN PLAY AND IRAN NEEDS THEIR CURRENCY FOR THAT.
BaNDiTo_RoX: Euro zone readies for Greek default after Tsipras referendum call
ATHENS/BRUSSELS, June 27 (Reuters) - Greece's European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum.
MY LADIES: YES FOLKS STICK IN FORK IN THIS ONE...GREECE PRETTY MUCH SAID WE'RE DEFAULTING, THE EUROZONE SAID GOOD LUCK WITH YOUR SWIMMY ARMS YOU'RE GOING TO NEED THEM NOT TO DROWN AND THE EURO ZONE IS NOW GOING TO STRUGGLE TO KEEP THE REST OF THE CATS IN THE PILLOW CASE.
BUT WITH THE UK DOING A REFERENDUM I THINK WE WILL SEE MORE AND MORE CATS GETTING LOOSE.
JMP: does the Eurozone have to have a certain number of countries in it? So if one drops out, another
MY LADIES: NO THEY DO NOT HAVE TO REPLACE, SO HERE ARE THE CURRENT MEMBERS OF THE UNION
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.has to be put in - or - if one drops out and others follow, then the euro is toast
MY LADIES: THE UK TAKING A REFERENDUM IS HUGE HUGE NEWS …THE EUROZONE IS FALLING APART... AND WILL TAKE THE EURO WITH IT
PrincessDD: Fear and exhaustion in Athens
Empty ATMs and lines at gas stations, but no panic yet as Grexit looms.
CHATTER: <<< possible scenarios if Greece defaults and leaves the Eurozone
Living standards in Greece could fall, banks will face the prospect of collapse, savings may be frozen, businesses could go bankrupt and the cost of imports could multiple.
2. Bank runs
Regular citizens will empty their bank accounts before they converted into a new currency worth less than the previous one. The government may impose a freeze on withdrawal and banks from other countries that have lent to Greece could also collapse.
3. Business bankruptcies
Due to legal tangles over the nature of currency in contracts, Greek businesses may face legal and financial disaster. Companies will still owe big debt but will pay in devalued non-euro currency. Many businesses will become insolvent and face bankruptcy while lenders and biz partners of local companies will be looking at big losses.
4. Sovereign debt crisis
Investors could become nervous about lending to other struggling countries, This might leave Spain and Italy, which account for 28% of the total economy of the Eurozone, short of funds.
5. Market turmoil
A Greek exit from the Eurozone could force lenders and investors to sell off their risky investments. This will cause the stock markets to crash. High-risk borrowers may face higher borrowing costs, Certain safe investments like the dollar, en, Swiss franc, gold could rise and these governments could borrow cheaper.
6. Political Backlash
European governments and banks will face big losses on the loans they gave which will prevent some bigger nations like Germany, providing bailouts to other countries that might need it. ECB's role of providing rescue loans could be exposed.
European banks will be forced to stop lending and business will then cut investment. Ordinary people may cut back their own spending due to bad news in the media. This might push the country in to recession.
8. Greek debt default
The country will not be able to borrow from anyone and the government will eventually run out of euros. It will have to pay social benefits and civil servants' wages in IOUs (if it pays them at all) until a new currency is introduced. All repayments of debts will stop and Greek banks will go bust, since they won't be able to lend to the government.
PrincessDD: Russia today is saying Italy and are next to exit the Eurozone
MY LADIES: RIGHT AND ARE THEY GOING TO ALSO BE MEMBERS OF THE BANK..THAT WILL BE INTERESTING AND IF THEY NEED AID THEY CAN GET IT FROM THE PARTNERS AS I POSTED THIS MORNING ABOUT BRICS NEEDING TO TAKE CARE OF THEMSELVES...
HUMMM SO DEFAULTING ON THE IMF MAY NOT HAVE LINGERING CONSEQUENCES
IQD NOVA: ML THEY WILL HAVE TO!!!! IF THE LEAVE THEY ECB THEY WILL NEED A HOME!!!
MY LADIES: YEP THAT'S WHAT I'M THINKING...AND JUST LOOKING INTO MY CRYSTAL BALL BUT I THINK GREECE IS GOING TO BLAZE THE WAY FOR THE OTHERS
IQD NOVA: I AGREE
MY LADIES: AND TECHNICALLY IF WE LOOK AT ALL THE COMMITTEES WE GOT FRUSTRATED WITH IN IRAQ, THEY ARE ALL READY TO JOIN AS WELL.
THEY HAVE PARLIAMENT AND CBI WORKING TOGETHER SO THEY CAN JUST MAKE THEIR DEPOSIT AND WE ARE ALL DONE HERE.
IQD NOVA: LETS GO!!!!!!
PrincessDD: This is from March but still good info
If Greece Leaves The Euro Then Spain, Italy And Germany Would Follow
PrincessDD: CORRECTED-EU leaders forced Greece to drop last referendum but may not interfere now
Here's why are global markets panicking over the Greece crisis
Read more at: http://economictimes.indiatimes.com/articleshow/47843379.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
PrincessDD:So we may very well see a domino effect next week it sounds like.
MY LADIES: <<< Read more at:
The investors however are more concerned with the other options and that is the possibility of a debt default by Greece. One needs to understand that this would be a major bankruptcy after the Lehmann case.
At that time the contagion effect that followed the Lehmann collapse had caught everyone by surprise which led to the meltdown in the global markets. Investors now are reliving the nightmare of 2008 when they look at Greece.
MY LADIES: OUCH OUCH OUCH!!!
They are fearful that a Greek default and in turn its exit could lead to a contagion effect. This in turn could result in a collapse of the financial system in Eurozone given the huge amounts owed to the Euro zone members and a possible dominoes effect in other economies particularly that of Spain and Italy, which are considerably larger than Greece and would cause greater harm to the GDP of the zone.
While these fears are certainly justified, however we believe that they are already priced in by the markets this time around . Having said this, there would be an immediate selloff in case of a default/exit but markets should recover post that.
As far as India is concerned, any sharp selloff in the global markets would certainly extend to our markets as well. However we are relatively in a sweet spot as compared to the other countries.
MY LADIES: YES INDIA LIKE IN YOUR OWN BANK MAYBE...
MY LADIES: ALL RIGHT NOW TODAY WAS A GREAT DAY FILLED WITH MUCH NEWS, BUT I JUST WANT TO BE SURE YOU ARE ALL UNDERSTANDING SOMETHING.
WHAT WE TALK ABOUT IN HERE IS GLOBAL ISSUES, AND SOMETIMES OUR CHAT FROM HERE GOES OUT TO RECAPS WHICH IS OK
BUT I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR.
WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR
WE DO NOT STUDY AND FOLLOW IRAQ ON A DAY BY DAY BASIS.
WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO.
WE ARE CERTAIN THAT IRAQ WILL NOT REMAIN IN ISOLATION HOW CAN IT, SO I SAY THIS OVER AND OVER AGAIN PLEASE DO NOT TRY TO DRAW A STRAIGHT LINE FROM IRAN OR GREECE TO IRAQ.
THIS IS NOT WHAT WE ARE STUDYING. THESE GLOBAL EVENTS ARE HUGE AND MUCH BIGGER THAN GREECE OR IRAN AND IF YOU ARE NOT STUDYING THEM EVERYDAY YOU COULD GET CONFUSED OR MISINTERPRET WHAT WE ARE TRYING TO EXPLAIN.
IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
JUST WANTED TO MAKE MYSELF CLEAR ON THAT. WE ARE AWARE. Comment
6-27-15 BULLDOG75: YUAN BASED GOLD FIX, VIDEO
China continues its drive to amass gold, silver, precious metals. Though we have been discussing this for years, some of the major media outlets have now chosen to 'take a more serious look'. Here you will get a gander of a Bloomberg video clip with a concern about the Yuan and 'new gold standard' via the Shanghai Marketplace.
Gold's revalue is the major thrust of the GCR.
I love you all,
Check out the clip: Chinese Gold Standard Could Create 'Fireworks' - Bloomberg Intelligence
6-27-15 Millionday: Welcome to DinarUpdates.com & News Time with Millionday!!
Millionday: He confirmed an economist, that the bank issuing 50 thousand dinars category will make it easier to deal in the local market, noting that the issuance of this new category does not cause inflation in the market or reduce handle small currencies.
The expert said contrary goldsmith’s / scales News /, said that “the Central Bank of yore in the issuance of the 50th class thousand dinars for the purpose of facilitating interaction between citizens and reduce the money carried by his size, Instead of carrying a million dinars, which is equal to 40 sheets class 25 000 dinars, will carry 20 sheets category 50 000 dinars.”
Millionday: NOTE -- HOW MANY YEARS HAVE I BEEN DOING THIS?
Millionday: NOTE -- LOOK AT THIS >>>>> noting that the issuance of this new category does not cause inflation in the market or reduce handle small currencies.
Millionday: WHAT SMALL CURRENCIES?
Millionday: NOTE --READ EVERY WORD
Millionday: Sayegh said that “the issuance of this new category does not cause inflation in the market or makes small coins disappear or reduce handled Cal 250 dinars and 500, but it is a measure to facilitate the cash dealings between citizens, and especially after the Bank delete the zeros to reduce the huge figures in the currency.
Millionday: NOTE -- SMALL COINS?
Millionday: NOTE ---READ THIS >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.
Millionday: BUT READ THIS AGAIN >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.
angus: past tense?
Millionday: OK ?--- THE TITLE CAUSES THE ISSUE
Millionday: NO -- THIS IS SAYING THE 50,000 IS NOT GOING TO IMPACT >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.
Millionday: OR THE SMALL COINS OR THE SMALL BILLS -- IN INK
Millionday: The Governor of the Central Bank announced on the Keywords, (June 20, 2015), for the issuance of 50 000 dinars a class of local currency the end of this year, and pointed to wait to issue the 100 class may be released at a different time to avoid any inflation.
angus: so is this stating that an RV before the release of the 50,000? and the 100 or lower get settled in?
Millionday: THIS IS SAYING THAT THE RELEASE OF THE 50,000 IS NOT GOING TO CHANGE THE SMALL BILLS OR COINS OR REMOVAL OF THREE ZEROS
Millionday: WHICH WE HAVE NOT SEEN YET
billionaire: I keep referring back to the article that said the 50k note would be used as the 50 dinar note. IMO, this is the only way releasing a 50k would not cause inflation. (The removal of the zeros) The only thing I don't understand is why the song and dance? Just do it.
Millionday: THAT IS THE QUESTION ALL ALONG -- WHY THE SONG AND DANCE ? WITH THIS BROKEN DOWN -- IT IS NOT BAD NEWS -- IT IS GREAT NEWS
billionaire: I agree.
Millionday: Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term. He said chewing gum for "tomorrow's Press," The "House of Representatives has a lot of work ahead of them are very important laws in the coming period, but it is agreed so far and they need to deal political parliamentary blocs," noting that "there are fully ready laws technically need political Touch Up."
Millionday: but it is agreed so far and they need to deal political parliamentary blocs," noting that "there are fully ready laws technically need political Touch Up." He stressed that "there are laws it is possible to vote in the first session of the next legislative term, "adding that" one of the most important laws and put up for vote, the National Guard and the parties and the National Guard and amnesty, accountability and justice of the Federal Court Rules. " He said chewing gum "with the beginning of the sessions will begin blocs dialogues on laws."
Millionday: SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS
Millionday: NOTE -- HE PROBABLY WAS NOT CHEWING GUM ---LOL
1glen: Any idea when the next session starts
Millionday: FIRST OF JULY EVERY YEAR SO WOULD SAY 1 OR 2 ETC
Millionday: WILL LOOK IT UP
Millionday: THEY ADDED 30 DAYS SO THE SCHEDULE MAY NOT BE ACCURATE
Millionday: IT IS THE 1ST OF JULY
Millionday: I AM GOOD
Millionday: LOL -- THANKS MY FRIEND
Millionday: FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME
Millionday: PAGE 14-15---76--77
billionaire: Did they take the plan down? Did you save a copy of it? lol
Millionday: YES IN OLD PUTER
Millionday: IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED -- AND GRAPHS WERE TOO
Millionday: IT WAS 112 PAGES I BELIEVE
Millionday: I READ THEM ALL
Millionday: Center Brief for the Iraqi Media Network (IMN) - national investment made it clear that the amendments made by the parliamentary committee on economic investment law would be the great protection for the investor, where required all government agencies and others in collaboration with a balanced way to ensure the right of both parties.
Millionday: NOTE -- SO THE ?? OF WHAT HAPPENED IS CLEAR --
Millionday: The head of the Investment Authority Sami al-Araji's (IMN) "The amendments put on the investment law, fundamental and important, and if approved shall serve the investment," adding that "amendments are real suffering we found in the field of investment, and therefore they were introduced in the law to ease the suffering of investors and investment bodies in the provinces National Authority for Investment. "
Millionday: NOTE -- THIS IS FANTASTIC -- THEY AMMENDED THE INVESTMENT LAW FOR THE INCOMING INVESTORS -- AS I SAID -- TO ATTRACT INVESTORS
Millionday: Araji said that "there are many privileges in this Act, including investor protection and care of employees and requiring all government agencies to cooperate with it in a balanced way guarantee the rights of both sides."
The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation and approve the most important statement in the amendments, especially in the involvement of 75% of the Iraqi labor in investment projects.
Millionday: NOTE -- AND REQUIRING ALL GOV AGENCIES TO COOPERATE -- I LOVE IT
Millionday: NOTE -- THE NUMBER IS HIGHER THAN I REMEMBER THE INITIAL LABOR LAW -- 75%
Millionday: READ EVERY WORD >>And heavily influenced by investment market in the past two months, due to higher US dollar exchange rates against the Iraqi dinar, but does not remedy the central bank to put the country's real financial crisis.
Millionday: SO UNDERSTAND THAT THEY ARE TALKING ABOUT THE INVESTMENT LAW
Millionday: An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financing Instrument (RFI). At the end of the visit, Mr. Sdralevich issued the following statement:
“The mission has reached a staff-level agreement with the Iraqi authorities for IMF emergency assistance of SDR 594.2 million (approximately US$833 million) under the RFI. Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for consideration in July 2015.
Millionday: NOTE -- JULY 2015
Millionday: The Fund is ready to assist Iraq in its efforts to tackle the economic impact of the conflict with ISIS and the decline in global oil prices. The armed conflict continues to strain the country’s resources and has created a humanitarian tragedy, with an estimated 3 million internally displaced people. The violence has also caused extensive damage to infrastructure and private sector assets.
“Mainly because of the violence, the economy has contracted by 2.1 percent in 2014 and is projected to achieve only a modest recovery of 0.5 percent this year, despite solid growth in the oil sector. With low oil prices, export revenues have contracted, pushing the current account into a deficit expected to reach 8 percent of GDP in 2015. As a result, foreign assets have declined in 2014 to US$67 billion and are projected to fall further this year.
Millionday: NOTE -- OBVIOUSLY THE VIOLENCE HAS HAD HUGE HUMANITARIAN IMPACT -- BUT, THEY ARE ALSO WORKING ON THE INFRASTRUCTURE AND -----PRIVATE SECTOR ASSETS
Millionday: NOTE -- THIS IS THE IMF AGREEMENT THAT MANY THOUGHT WAS A PROBLEM AND WOULD HOLD UP IRAQ`S ECONOMIC REFORM -- THAT IS NOT THE GOAL AT ALL
Millionday: “Under the pressure of high conflict-related spending and weak oil revenues, the budget deficit is projected to rise from 5 percent of GDP last year to about 17 percent of GDP in 2015, despite the non-oil tax measures envisaged in the 2015 budget and strict control of expenditures, including through the prioritization of investment projects.
“We welcome the steps taken by the authorities to address these urgent challenges and support their request for IMF emergency assistance.
“The mission met with Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank (CBI) of Iraq Ali Allaq and officials from the ministries of finance, planning, oil, the CBI, and representatives from state-owned banks.
“The mission would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.
Millionday: SO THEY WELCOME THE REQUEST FOR IMF EMERGENCY ASSISTANCE -- HOWEVER HAVE ASKED FOR A FORMAL STATEMENT OF HOW IT WILL BE USED --
Millionday: NOTE -- DOES NOT SOUND LIKE THEY SEE NO PROGRESS TO ME --
billionaire: Seems to me they would use the money to bring their citizens back home.
Millionday: THEY HAVE RELEASED MANY STATEMENTS OF THAT ASSISTANCE AND I AM PLEASED TO ANNOUNCE WE REPORTED 1000 THAT HAD RETURNED IN ONE DAY THIS PAST WEEK -- AMEN
Millionday: LET ME SAY THIS HOWEVER
Millionday: THIS IS A MUCH LARGER ISSUE THAN MOST KNOW -- ECONOMICALLY
Millionday: THERE ARE SO MANY DISPLACED IN KURDISTAN THAT IT HAS PUT A HUGE IMPACT ON THE ECONOMY -- HOWEVER THEY ARE BUILDING HUGE HUGE HOUSING FACILITIES --
Millionday: THE LAST MEETING HAS RESOLVED SOME OF THE IMPACT AND THEY HAVE MADE PLANS TO RESOLVE IN MANY WAYS AND HAVE MADE AGREEMENTS WITH MANY AGREEMENTS
bashley4: You were going to show me the ink on the in country rv. The 50,000 and 100,000 dinar introduction can only mean a LOP.
Millionday: Baghdad, described the economic and investment commission in Parliament, on Wednesday, some government figures, which manages economic institutions as "inefficient", calling on the government to "change those figures for the advancement of the Iraqi economy." said Deputy Chairman of the Committee of Economy and Investment, Harith al-Harthy for "tomorrow Press ", that" most of the officials who run the ministries and economic institutions do not have the experience in the management and do not have any scientific competencies,
Millionday: NOTE -- AS I WAS SAYING -- NOT ONLY CBI BUT FINANCIAL OFFICIALS ARE INEFFICIENT--INCOMPETENCIES
Millionday: "adding that" the country is facing economic crises did not have radical solutions by the competent institutions. " He called on Prime Minister Haider al-Abadi to "a mechanism to change radically in government institutions, which includes people incompetent in the economic file management mode", noting that "many officials in the federal government were to change their positions from one place to another, but the problem is not addressed in a real and remained economy late." He explained that "The economic sector has become just conferences did not get 1% of the support," pointing out that "Iraq needs economic policy clearly defined to improve the situation of the country's economy fully."
Millionday: SO -- THE REQUEST IS TO THROW THEM ALL OUT AND GET SOME IN THERE WITH SOME ECONOMIC DRIVE --
Millionday: BUT THEY DONT SEEM TO BE AS MOTIVATED AS THEY SHOULD BE
Millionday: HOLD THE PAY CHECK -- YOU FIND MOTIVATION
Millionday: REALLY LOVE THAT REPORT
Millionday: OH AND WHOOPOW
Millionday: THIS IS ABOUT THE 50,000 NOTES
Millionday: AKnews reports that the Iraqi Central Bank (ICB) has confirmed it will issue a new bill with a value of 50,000 IQD ($43) but marked as 50 dinars.
Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue this new money in addition to coins in both Arabic and Kurdish in an effort to address the liquidity problem in Iraq.
Millionday: NOTE -- BUT MARKED AS 50 DINAR ---- IN COUNTRY -- NO OTHER COUNTRY USES IRAQI DINARS
Millionday: The largest currency in the country is now 25,000 Iraqi dinars (pictured) and its purchasing power is about $23.
The new currency will include symbols that reflect the diversity of Iraq’s sects and cultures including the Kurdish culture. “Iraq needs to support its economy and its currency through the issuance of a currency similar to foreign ones like the $100 bill,” Saleh added.
Millionday: The main tasks of the ICB are to maintain price stability, implement monetary policy, manage reserves of foreign currency, issue and manage the currency and regulate the banking sector.
CanTWaitwoRV Millionday: that takes us back to a 1 to 1 conversation all over again "give or take" does it not?
CanTWaitwoRV Millionday: 50 dinar 43 usd
Millionday: IT COULD BE TALKED ABOUT ALL DAY --
Millionday: CANT -- WE DONT KNOW THE RATE BUT THAT IS INTERESTING SMILE
bashley4: thanks So you are saying that the deletion of the will come of the nominal value and not the currency
Millionday: BSHLEY -- I AM SAYING THE COUNTRY OF IRAQ IS ALSO REDENOMINATING AS WELL ACCORDING TO REPORTS
Millionday: INTERNATIONAL EQUATION DETERMINES THEIR VALUE AND ALL VALUES
6-27-15 Mother Esq.: Hey Dinar Family. I have not written in sometime. However, there are a few topics I think merit some discussion. Certainly not to beat an already dead horse – “Sterling”. Additional insights into why and lessons the community here can learn from the Sterling episode.
Secondly, this whole “reserve concept” needs to be addressed before any more folks get hurt. Lastly, the Vegas, Vegas, Vegas crowd.
I have been reluctant to address any of the above out of fear of sounding “negative” or a “party pooper” or “dashing folks hopes”. However, it is time to put some of these to rest and for some in the community to start planning based upon the “facts” not unrealistic expectations.
I am addressing this first as the whole episode actually touches each one of the concepts in some way.
Hearsay: I want to address this first. There are some other attorneys in our forum here and I invite comments from them as well. I read the “forfeiture “ complaint filed in the Federal Court in Atlanta. It was full of hearsay and the community here needs to understand what hearsay is. Often if you watch enough legal TV shows you will hear an actor acting like a lawyer jump to his/her feet and say, “Objection – hearsay”.
It is a good objection to make in court and a lot of attorneys who are not trial attorneys are not good at spotting it. Hearsay is testimony offered to prove the truth of a matter asserted. It is not allowed in our legal system – except before a grand jury. During Grand Jury proceedings you can offer anything there is no advocacy during presentations before a Grand Jury.
It has often been said a prosecutor could indict a “ham sandwich” before a grand jury. And most folks who sit on grand juries have a very poor understanding of their function or the power of members on a grand jury. A grand jury in the United States is so powerful that members can ask the State’s Attorney or assistant US attorney to remove him/herself from the room so they alone can ask questions of a potential witnesses.
However again most grand jury members fail to exercise this right. All that is an aside though from what I want to convey.
Several folks have pointed out that the Federal Bureau of Investigation (“FBI”) has asserted the Dinar thing is a scam. Please note it is not the FBI that made that statement but they are attributing that to the “hearsay” of a potential witnesses and or criminal defendant. If I was to call the FBI person to the stand and ask them “Agent such and such, what proof do you have that the Dinar scheme is a fraud”
The agent could not answer that question – if the agent said “The defendant or the witnesses said, XYZ” the opposing counsel would rise to their feet and object that the statement calls for hearsay and unless the prosecuting attorney was quick the judge would say, “sustained” meaning the question would be dis-allowed. However lets say the prosecuting attorney is a sharp attorney, then the prosecuting attorney could say, “Your honor we are not offering the statement to prove the “Truth” of the matter asserted, only to prove the statement was made.
Do you understand the difference?
In the first instance the statement is being offered as evidence which it is clearly not and the second instance the statement is being offered only to show that the statement was made. Here the judge would have to weigh the prejudicial effect of allowing the statement. And from an attorney’s perspective I would be inclined to disallow the statement because of its prejudicial effect regardless of why it is being offered.
Secondly, there is no way to prove one way or the other.
So Dinar community I know it is a hard concept to understand but whatever the FBI has alleged it is purely an allegation that is unsupportive and does not prove one way or the other whether the Dinar/Dong venture is valid or not.
As a matter of fact if I was a Prosecuting Attorney I would be hesitant to even go there as there is no way to prove one way or the other, especially in light of the fact my case’s strongest evidence is not whether the Dinar/Dong venture is true or not it is strongest because of overwhelming evidence of what I refer to as “Shilling, Smurfing and fraudulent structuring” A good defense attorney for the defendants needs to be looking at these things.
Shilling – this word has many definitions. The noun definition of shilling is an old monetary coin from the UK. However the verb definition means one who acts as a promoter of a concept or investment. Example: “He was shilling for a brokerage house” You see the context? In this case, “Xxxxxx x , was shilling for and on the behalf of “Sterling” and was doing so for monetary gain. He made no disclosures to his group or on his broadcasts that he was promoting for Sterling which I believe puts him in violation of some security laws. Also if he did not report the income then he is violation of not reporting remuneration for his promotion.
Smurfing – this is tantamount to structuring. It is a term often used when prosecutors go after drug dealers. Go back and look at the forfeiture document. This is what I was eluding to above about something the Dinar Community can and should learn from. It was clear on its face there was “structuring” going on. Look at the sheer number of “entities” created. I was shocked at how abusive it was.
I then went to some sites about large US corporations billion dollar corporations. General Electric, Microsoft, Home Depot – these companies are huge and yet none of them has anywhere close to the number of entities created by whomever at Sterling was engaged to “smurf” money. The old term was applied to drug dealers who would break large amounts of cash into small amounts under 10,000 to deposit into financial institutions. Which then amounts to “money laundering” That was the purpose of so many structures.
This is the lesson for the Dinar Community. How many times have I jumped on my soap box and pleaded softly do not go out and set up a bunch of entities at this stage.
The reason is you have no idea at this point what you need. It is pure speculation.
Secondly, if you are not careful even though I seriously doubt anyone here would be so abusive as the owners of Sterling, but setting up corporations, trusts and LLCs for anything other than “asset protection” and “estate planning purposes and or “Risk management” could be deemed as “Structuring”
Do not get me wrong – I believe in financial planning for the purposes of risk management, asset protection and estate planning. However if your purpose is to elude or possibly evade and minimize tax liability and you ever say that to an IRS agent there will be an investigation as to possible tax fraud.
Historically the word “structuring” was okay to use. However today – “structuring” carries in the mind of an IRS agent the same meaning as tax avoidance and evasion etc. it has become a code word which brings up potential devious motives. I know there is nothing wrong with avoidance however the definition in the mind of a government agent means sinister. “Be as wise as a serpent and as harmless as a dove”
And again I ask you – how many of you right now today know exactly what you need? How many of you were counting on reserves? And calculating those expected proceeds in your planning? Again not to sound like a broken record but I have tried ever so softly pleading ---- not to get the “cart before the horse”
Not even I know exactly what I need or will need, because I have no idea what the exchange rate will be for either the international or market rate or what I might could get on a potential contract rate. It is all speculation. And I deal in facts not innuendo and neither should you.
So take a deep breath, relax breath slowly. The plan you should have in place right now.
1. What banks do I want to go to? And do not ask me I have no idea where you live nor do I have the time to speculate. I would look at the large banks first and then the smaller ones.
2.What are you going to ask for during your initial meeting? How are you going to handle yourself, dress, act?
This is where some semblance of planning should come in:
1. How are you going to ask the financial planner or Wealth manager at your second meeting to handle the monies until you can get a grip on what you have?
2.How are you going to divide the money up.
Tony and DC both have shared ad nauseam over and over what you should do. We have no idea of the tax consequences but you should at this point set aside a portion just for what it might be. And if you are savvy you need to decide how that idle money should be treated while it sits there.
I have eluded to things that are safe “Treasuries which by the way are like bonds only issued by the government” “Triple A municipal bond funds” “money market funds” Safe solid investments that allow you to earn some interest while the funds are idle. This all goes with being a “A good steward” In the case of municipal bonds the interest is tax free. Again though this is between you and your adviser.
3.Then you need to take time and think about your risk tolerance, needs in your life and how you want your life to be going forward this is where your “planner” not you will make suggestions that help achieve those goals and expectations. You cannot make unbiased decisions for yourself.
Even an attorney like me would be foolish to try and go on my own thoughts – the reason is any attorney who represents himself has a “fool for a client” I am going to sit down with someone who will listen and work with me to come up with a solid plan.
4.My plan will be based upon risk management, asset protection and future estate planning for my kids.
And I am not going to rush this and neither should you. And I am not going to have a bunch of entities created that give the appearance of “structuring” Anything that is confected will have a solid purpose and coordinated with a well thought out and conceived plan to carry out my personal objectives and will be actively doing something there will be no façade. And each one of you who has significant wealth should do the same.
Back to Sterling
The other thing Sterling was doing – I remember receiving promotional emails about an “Angel Fund” Do you know what that is? Those are funds set up for investors to put money into and then those monies are invested into small businesses with the expectation that in the future the investor will realize perhaps another “Apple” or “Microsoft” However when I read through that list of companies – I noticed that there was a direct connection between an Angel fund and entities or businesses set up by Sterling owners themselves in which money was funneling into. This was a total sham. I assure you this is where the State’s Attorney or Attorney General’s office is focusing along with the structuring.
I know this is going to be a sore subject but let me just say right out of the box. I have never believed in Reserves of “money”. As a matter of fact I could never in my mind reconcile fulling knowing and understanding what “money” is and how it is utilized how anyone in the world could make the representations that Sterling or any of the other money dealers are doing or have done in regards to this entire concept.
Tony on Friday alluded to this: First of all he is right if this goes down soon or even in the next 6 months God forbid then any hypothetical reserves you think you have will not be forthcoming. Simply stated the currency is not there. This is where the Ponzi concept is being alleged even though it is tenuous this is where the government is reaching or the direction they are headed in regards to Sterling. Also as far as getting your money back – you can make a claim but the FBI is going to ask you to provide them a whole lot of information. They are going to want you to prove.
1. Lineage on the money meaning where did it come from, what institution was it in before you sent it to Sterling, how did you get the money. Have you paid taxes on the investment. How many of you are wiling to open your lives up to such inquisitions?
They are going to want to know how you found out about this, have you shared this with anyone else – idea here is to see if you are perhaps a co-conspirator even though you would have innocently done this the purpose here is to allege perhaps you are hands are not clean. So you see what the deal is here?
It is a stretch for anyone to think they are going to receive anything back. If you make a claim you may see some of your good ole US Dollars come back but a lot of that is going to go to the “Receiver” who is a private attorney who is under contract with the US Attorney’s office who will milk fees out of this until there is hardly any monies at all. A final settlement years down the road.
I do not offer that to be discouraging only to state the reality.
Secondly, I am advising not as your attorney but as a friend. Apply common sense and do not go out and purchase more reserves from another dealer. You are rolling the dice. If you want more currency then go out and purchase it outright.
You need to weigh the risks and I would not use “lunch” money to do make the purchases. If you do not have excess money meaning extra money then this is not for you, be content with what you have now in your possession.
This whole reserve concept is truly based upon the “double-dipping” theory. Using proceeds of an exchange to take out theoretical money that I can tell you does not exist at a value that predates the new exchange rate. Logically it cannot happen. Money is a medium of exchange. Therefore what you do not own and posses only carries the value you have exchanged for at a date and time in the past.
If you have not exchanged for it yet the value has yet to be determined. In the future the money will be more valuable and you do not posses it now so how can a dealer really sell you money at a price below the exchange rate? I am going to say from a logical standpoint and from a legal standpoint they cannot do it. Again Tony eluded to this when he said there could be something the “fine print” and he is exactly right.
Enough said you need to purchase your currency and take possession. Any other method is risking the same thing that happened to Sterling. I am not going to take any questions on this nor answer any emails. I think it is plain on it’s face.
Vegas, Vegas, Vegas
I know a lot in the Dinar community in particular those who are loyal to TNT desire this. And I can understand the affection everyone has for the commitment and sacrifices made by so many that simply want to shake Tony/DC or others hands and thank them. However, someone wrote in that this is not a good idea. I am going to go further – I think it will be a violation of any NDA “Non-Disclosure Agreement” Tony and DC sign.
I think it will also be a part of any NDA any other person in the Dinar community signs.
The government does not want a bunch of novices gathering to celebrate openly an event that is supposed to be quiet.
And I can tell you that it is not a stretch to believe that such an event would not also be attended by certain “ABC groups” for the sheer purpose of checking hotel registrations etc. Why risk violations of your agreement and or put a bulls-eye on your back?
Someone also made the statement – who wants to be around folks who could get liquored up and start spouting at the mouth. Remember the old say? “Loose lips sink ships” That person who shared that in a comment is precisely correct. When people get smashed is that still a term today? They tend to say things they would not say when they are of sound mind. I am not going because I do not want to be collateral damage.
Is this not to say Vegas is a bad idea. However I am of the legal opinion the risks far outweigh the advantages. Moreover, I think everyone is going to have plenty to think about and be doing without scheduling a trip to Vegas. Nevada is a great jurisdiction for utilizing in planning i.e. “Risk management, asset protection etc. and I suppose if you are a gambler which I am not” Again though your planner will advise you on a course of action that is personal to you and your family.
I am appreciative of everything Tony and DC “Winston” have shared. I appreciate their candor, honesty and sensitivity to the community. And I respect DC for putting his family first. And everyone who postulates why he is no longer engaged on 3 hour conference calls 3 days a week. Give it a rest already. The guy has financial obligations and responsibilities to his family. I cannot listen I am at work because likewise I have responsibilities – I am grateful to the transcribers for providing the notes so I can read over when I have a chance. So do not begrudge DC for not being on the calls. It is really selfish of anyone to even think otherwise.
Lastly, I am going to touch some nerves here. If you are on any form of government assistance with the exception of social security. Yes you need to be cognizant of losing your benefits should you suddenly come into a lot of money.
Prime example a year ago some girl up in Michigan or Minnesota was the winner of a lottery. And she was also on disability and when others found out she was scrutinized and lost her government subsidized income because she failed to disclose she was a lottery winner. Why would you if you have been blessed want to continue to accept money from the government that comes from the taxpayers to add to your vast wealth?
That seems unconscionable to me. Why? However in the abundance of caution you need to consult a local attorney/CPA and ask him or her. I will not elaborate any further nor will I answer emails about this. You know your circumstances and it is a matter you need to personally think about do some soul searching on and get advice close to home. Again do not write me about this – just beware if you are currently accepting any other form than social security you need to be conscious that you may not necessarily that you will possibly jeopardize further government assistance.
Again best always to everyone. I know I have addressed some controversial subjects, however anything I have every shared is merely in an attempt to be helpful. I try and stay away from politics and I know many of us would have to agree pleasantly to disagree on many subjects but my motives are pure and I have no desire for anyone to get hurt but to look at the lessons of Sterling, follow advice by Tony and others.
Remember - be as wise as a serpent and as harmless as a dove. May the Good Lord cause his light to shine upon you each and bless you and your family always with prosperity, good health and may love fill your hearts. I am and always,
With kindest regards, Mother, Esq.
[Dinar Detectives Notice: All posts are for informational purposes only and are the opinions of the providers. They are not legal, tax or investment advice. We strongly encourage everyone to do their own due diligence and seek professional tax, legal and/or investment advice.]
6-27-15 MY LADIES: OK LET'S TAKE A QUICK SPIN THROUGH IRAQ...OK??
BANDITO BROUGHT SOME STUFF IN I WANT TO LOOK AT....READY??
BaNDiTo_RoX: Adviser Abadi: calls for central a realistic exchange rate for the dinar
Saleh said in a statement published by local media, followed up "obelisk", that "the Iraqi dinar exchange rate is the same as the external value of the national currency, the value of money and this value is important to relate to the external sector, because most goods and products are imported
MY LADIES: HUMMM SO WHAT IS HE SAYING HERE??? LET'S KEEP READING
The volatility of the exchange rate in favor of the dollar and foreign currency taken from the rights of citizens and affect the income and wealth and hits the standard of living."
MY LADIES: SO THE TIME FOR A REALITY INTERNATIONAL RATE IS UPON IRAQ. THEY CAN NOT STAY IN ISOLATION..HERE THEY ARE SAYING THEY ARE AN IMPORTING COUNTRY RIGHT??
SO THE EXCHANGE RATE RIGHT NOW IS IN FAVOR OF THE DOLLAR RIGHT???
AND THIS AFFECTS WHAT??? THE STANDARDS OF LIVING AND INCOME OF THE CITIZENS RIGHT??
He added that "monetary policy is working for the stability of the national currency and to address the volatility
He noted that "administrative and financial processes in general affected the exchange rate and the decreased value of the dinar against the dollar", calling for "non-interference to the work of the Central Bank"
noting that "the central bank must find a realistic price for the exchange rate Intasp with the economic situation and the defending state this price,
MY LADIES: THIS IS THE TIME NOW AND THEY NEED A REALISTIC PRICE BETWEEN THE CBI RATE AND THE MARKET RATE AND IT MUST FIT WITH EXTERNAL PRESSSURES
and the market and the central bank at a price of one, and that the price difference does not exceed 2%, explaining that "if the desire of the state to improve the value of the Iraqi dinar, it is with the economy improves conditions in the country."
MY LADIES: HERE YOU CAN READ THE ENTIRE ARTICLE
Blessed153: I thought that's what he was getting at..... I just didn't want to comment on it and get the paper if I was wrong.
SSS: Love the fact that it is Saleh saying this
MY LADIES: NO NO YOUR SAFE BUT WAIT UNTIL YOU SEE THE NEXT ONE
Keywords: the power of the Iraqi dinar was the cause of the growth of the economy of neighboring countries
AW: Mary,........I have never thought that the efforts of the CBI have been in a vacuum. Instead, their preparations have been in concert with what we now see unfolding across the globe. As someone else has said, along with you, this has always been the plan.
MY LADIES: YES AW THIS HAS ALWAYS BEEN THE PLAN. THE NEW SYSTEM NEEDS TO COME IN, THE OLD ONE IS CLEARLY BROKEN, THE NEW ONE IS CREATED BY THE SAME AUTHORS OF THE OLD ONE BUT THIS TIME THEY HAVE PUT IN CONTROLS AND FOR LASCK OF A BETTER WORD "RULES"
ALRIGHT SO KNOWING ALL ALONG WHAT THE PLAN WAS WHY WOULD THEY BRING THE DINAR INTO THE SYSTEM THAT IS CORRECTING???
IT HAS NO DEBT ATTACHED RIGHT??
THERE IS BACKING TO IT WITH THINGS OTHER THEN AIR RIGHT???
SO THERE WAS NEVER A PLAN FOR IT TO BEGIN TRADING IN THE OLD SYSTEM.
WE ARE JUST NOW FIGURING THAT OUT. ALL THE YEARS OF ANY MIN AND ANY DAY WERE CLEARLY NONSENSE.
WE ARE NOW UNDERSTANDING AND STUDYING AND ARE ABLE TO SEE WITH OUT ANY DOUBT THAT ACCORDING TO GLOBAL ECONOMICS THE DINAR IS REQUIRED TO TRADE SOON, RIGHT?
IT IS NOT AN OPTION ANYMORE, IT IS A REQUIREMENT IF IRAQ IS TO BE PART OF THE WORLD ECONOMIC STRUCTURE.
AND IT WILL TRADE AT THE SAME TIME EVERYONE ELSE IS MOVING TO THE NEW SYSTEM. IT IS NOT AN OPTION ANYMORE, IT IS A REQUIREMENT IF IRAQ IS TO BE PART OF THE WORLD ECONOMIC STRUCTURE.
SO THE PLAN IS UNFOLDING BEFORE OUR EYES AND IT IS MOVING FAST NOW.
I AM GOING TO SHOW A FEW THINGS FROM IRAQ THAT WILL SHOW US THAT SALEH AND ALI HAVE BEEN TOLD THE TIME IS NOW...SO STAND BY..
JP: Mary, it looks like the snow ball is about to hit the chalet!!
MY LADIES: Keywords: the power of the Iraqi dinar was the cause of the growth of the economy of neighboring countries
Said Governor of the Central Bank on the Keywords, Saturday, liberation Bank of specifying a particular roof of the sales dollar, stressing that the Iraqi dinar strength which cost the state treasury amounts of expensive was the cause of the growth of the economies of neighboring countries.
Dr. Ali Keywords in a seminar monetary difficulties and the position of the central bank towards them hosted by the progress of the policy development attended imn.iq the website of the Iraqi Media Network Institute, said that "the central bank can not be committed to the decision sale 75-120 million dollars a day as stated in the decision of the general budget for 2015, as well as the suspended duties and taxes amounting to 8% on operations are met currency sale, "noting that" the bank was able to maintain the exchange rate in a balanced and acceptable and exceeded inflation, which loomed heralds two weeks before the option.
"He said the central bank governor, said the "Edit sales ceiling process needs to control by the authority scrutinize the money source for fear of getting caught in the nets of corruption and money laundering, "stressing that" the Central Bank is currently working on the development of regulatory mechanisms through the opening of an office within the central bank's anti-money laundering crimes.
"He Keywords that "the central bank make great efforts to strengthen the dinar cost the state huge amounts of money, this process leads to attract investment, but unfortunately, the power of the Iraqi dinar was the cause of the growth of the economies of neighboring countries, which is imported by Iraq of all its needs, "citing the" exit of at least 70% of hard currency from the sale of oil to the outside of the lack of local produce such as industry and agriculture and tourism.
"He continued that "demand for the dollar factors that must be given much attention by the government and parliament and academics to develop a real bases that guarantee treatment anomalies in the Iraqi economy in a comprehensive manner away from the prosthetic processors ," pointing out that "the budget items are subject to an economic vision which lead more rentier and the distribution of money without creating productive investment and expand the economic base."
MY LADIES: OTHER COUNTRIES HAVE BEEN BENEFITING FROM TRADING WITH IRAQ IN THE DOLLAR, THE TIME IS HERE FOR A REALITY RATE
SSS: <<< So was all the talk about repricing in 2011, 2012 BS?
MY LADIES: YES AND NO..FOR THOSE LOOKING ONLY IN IRAQ THEY NEVER SAW WHAT WE SEE AND THEY STILL DON'T.
SO FOR THOSE CLINGING TO EVERY PARLIAMENT ARTICLE AND EVERY LAW AND EVERY CBI ARTICLE LIKE WATER IN THE DESERT IT MIGHT LOOK LIKE THEY WERE GOING TO DO SOMETHING.
BUT NOW IN THE REAR VIEW MIRROR LOOKING BACK IT IS CRYSTAL CLEAR TO ALL EVEN HELEN KELLER THAT IRAQ IS NOT IN CONTROL!!
THIS IS WHY I SAY OVER AND OVER AGAIN GET OUT OF IRAQ...BECAUSE WE CAN SEE A GLOBAL MOVEMENT AND IRAQ IS JUST A PART OF IT.
THIS WHOLE THING IS JUST MATH..AND MATH AND NUMBERS DO NOT MAKE MISTAKES.
OK SO HOLD ON THERE'S MORE..
MY LADIES: HOW ABOUT IF WE TALK ABOUT THE BONDS FOR MIN...OK???
SO LET'S SEE WHAT THIS IS SAYING..
A member of the parliamentary Finance: The Benefits of bonds worth $ 5 billion curtail the role of speculators
said the parliamentary finance committee member, said the positives of the promotional tour for bonds worth $ 5 billion is to reduce the role of speculators.
And between Jabbar al-Abadi told all of Iraq [where] that "there are several benefits to these bonds in question, including the withdrawal of the Iraqi currency under the currency bloc will be in dollars, and thus demand for the dollar to reduce speculation, as well as pumping dollars into the market."
MY LADIES: BONDS WILL BE IN DOLLARS..BONDS WILL BE IN DOLLARS...HUMMMM..
The Finance Minister Hoshyar Zebari said 22 of June this month that Iraq hoped to meet with investors at the end of next July display plans on issuing its value five billion dollars in bonds.
The dollar rate against the local dinar rose over the past week but quickly dropped after the catch those responsible for this matter.
The Governor of the Central Bank of Iraq Agency on the Keywords said during a press conference 20 of this month, the lack of fear of the rise in the dollar's exchange rate against the Iraqi dinar, "revealing"
Ask a local bonds worth $ 5 billion to provide liquidity to the state. " formed anti-crime directorate of the Organization in the Ministry of Interior, cell crisis in coordination with the Central Bank to hunt down the perpetrators of the speculators exchange rate appreciation Atar.anthy
MY LADIES: SO NOW THE LIQUIDITY CRISIS CAN WAIT UNTIL THE END OF JULY???
IT WOULD NOT SUPRISE US TO SEE THEM WAIT UNTIL SEPTEMBER AND ISSUE THE BONDS IN THE NEW SYSTEM AND IN THE DINAR...NOT THE DOLLAR..
NOTHING ELSE MAKES SENSE...I SAY WE STOP WAITING ON THESE BONDS AND WE BUY THIS DEBT IF THEY ISSUE IT IN THE DINAR IN THE NEW SYSTEM...
THE TRADE PRICE IS ABOUT ALL THE CBI WILL HAVE TO DECIDE, THE REST IS A GIVEN.
Lisa: I remember Nova saying the same thing in our CC last Monday. A good time to buy bonds in Iraq may be August/Sept.
MY LADIES: YES LISA IT SURE IS...
JP: Mary, can the bonds issue be settled after Iraq gets involved with the new system?
MY LADIES: YES JP THAT'S EXACTLY WHAT I THINK IS GOING TO HAPPEN
IT DOESN'T MAKE SENSE TO SELL IN THE DOLLAR WHEN THE REST OF THE MIDDLE EAST IS MAKING ALTERNATE PLANS FOR THE DOLLARS THEY ALREADY HAVE.
WHY HAVE 20 YEARS OF MORE DOLLARS OUT THERE???
THEY WILL HAVE A CREDIT RATING AND BE GLOBAL AND TRADING IN THE DINAR, SO WHY SELL IN THE DOLLAR, ESPECIALLY WHEN THE DOLLAR IS SOON TO BE ONLY 1 OF 5 RESERVE CURRENCIES???
OK SO I'M DONE IN IRAQ..THEY HAVE LITTLE SAY AND ARE JUST GOING TO GET SWEPT UP IN THE MOVEMENT.
MY LADIES: ALL RIGHT NOW TODAY WAS A GREAT DAY FILLED WITH MUCH NEWS, BUT I JUST WANT TO BE SURE YOU ARE ALL UNDERSTANDING SOMETHING.
WHAT WE TALK ABOUT IN HERE IS GLOBAL ISSUES, AND SOMETIMES OUR CHAT FROM HERE GOES OUT TO RECAPS WHICH IS OK
BUT I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR.
WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR
WE DO NOT STUDY AND FOLLOW IRAQ ON A DAY BY DAY BASIS.
WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN,
WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO.
WE ARE CERTAIN THAT IRAQ WILL NOT REMAIN IN ISOLATION HOW CAN IT,
SO I SAY THIS OVER AND OVER AGAIN PLEASE DO NOT TRY TO DRAW A STRAIGHT LINE FROM IRAN OR GREECE TO IRAQ.
THIS IS NOT WHAT WE ARE STUDYING. THESE GLOBAL EVENTS ARE HUGE AND MUCH BIGGER THAN GREECE OR IRAN AND IF YOU ARE NOT STUDYING THEM EVERYDAY YOU COULD GET CONFUSED OR MISINTERPRET WHAT WE ARE TRYING TO EXPLAIN.
IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
JUST WANTED TO MAKE MYSELF CLEAR ON THAT. WE ARE AWARE. Comment
6-27-15 ALREADY BLESSED: OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS. Comment
6-27-15 Millionday: "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term."
SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS. [Any idea when the next session starts?] IT IS THE 1ST OF JULY. FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED. BGG Blog
6-27-15 Mnt Goat: Grüße aus Bayern.
Meine Kinder are now out of school and I luv having them around all day. I am close to Meine Kinder and they assist too in the gasthaus and the guests luv having them around. Our little village has very little crime associated with drug abuse and violence and it is still hard on my mind of the past memories of being stationed in Iraq and seeing all the bloodshed and corruption. How can people live like that? Who causes this all to happen I keep asking myself? Why is there not peace in the world if it is such a good thing for all? I pray often for the Iraqi people and hope they can accomplish this peace and prosperity.
Today’s news is a continuing saga about the Iraq dinar revaluation. If you have not done so already please read my news letter from 6/17 (sorry, Recaps does not have the link) since this is yet more news on this topic.
I know I must sound like a broken record once again but I can assure you, until there is the needed physical security and political stability in Iraq there will be no currency revaluation. I am therefore showing you the path to this process. We will know when we get there since the CBI will ultimately tell us once again they are beginning the project to delete the zeros. But first they must get the security situation under control and pass the needed laws that help in this process and also for the healing that must take place from Reconciliation reforms (Erbil) something that was part of the Abadi platform for election.
We begin yet another week and so I wanted give you an overview of what happened last week and significance of the news. It is all good and in our favor so relax.
There is still yet more disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV. Really? Do you really believe this nonsense. Guess there is no other RV news so now they must take this news and relate it somehow for their benefit. Everything is not about the RV folks. I will explain more on this topic.
I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again!
You can follow all this nonsense and you may want to talk and discuss this events as if these events were significant to the RV but it is still not going to get you the RV any sooner. As you will see these events too will come and go and still no RV will happen. So please these “gurus” are once again just grasping at straws to find some event or some news to tie to yet another date to so they can string you along once again. I know their game all too well.
So what is the reason for holding up the RV process?
Have you been reading my news letters? I have been telling you sound information related to this topic. No rumors, conjecture or secret sources of information – JUST PLAIN OLD FASHIONED FACTS!
Today is Saturday June 27th and still no RV. Does it really surprise you? Yes JUNE is coming to an end already and still no RV. I find it funny how many “gurus” said this would never and could never reach June but once again they are wrong and spread this misinformation based on nothing of substance. No sound facts and very few articles, as news from Iraq itself.
Many of you are determined to soak it up since you are so desperate for someone to feed you this garbage and so desperate to get your money. Many of you should be ashamed of yourselves in these attitudes. You make yourselves into victims and then when you get hurt you blame others that have only been trying to help. I say vent your anger at those perpetrating the crimes.
So Ramadan is now in progress. Oh wait a second! Wasn’t it supposed to RV prior to the beginning of this holiday? ….lol… Just so everyone know Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not.
We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws. I know they have said this before and may have to do it again but the main point here is they are attempting it once again and it is still their intentions.
This is the bright side. Since many of these needed new laws still has issues and since they are all connected somehow together (I have trying to show you many times how they are interconnected in my past news letters) they must implement them together since one can not work without the others. For instance we see great pressure to get the Amnesty bill done since it is needed to fully implement the National Guard law. Why? Since it will help fill the ranks of these units in the provinces with skilled, experienced and trained leaders. Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration but can’t due to the current justice system. Without the reforms it would be impossible to give them a fair trial.
Just the past week we read articles telling us about sending charges of TERRORISM and GENOCIDE to the international court of the Hague. This is not rumor or something that is going to happen. It has happened! Why is this not reported by these so called “gurus” Is this not significant enough to be in their version of the news? The news they want to edit and sensor from you.
So these resent developments for the former prime minister Maliki and his close group of senor aids does not look good for them. Remember these are international crimes and I have not even listed the domestic crimes of TREASON also for the Mosul stand down against ISIS and all the corruption and the missing 700 billion dollars that got Iraq partly into this economic crisis. Oh – did I mention too the corruption in the arms deal with Russia?
Remember this – I have told you many times there will be no RV until Maliki and his goons are gone and out of the any influence in Iraqi politics. How do I know this? How can I be so certain?
BECAUSE THIS IS NOT RUMOR OR CONJECTURE. IT IS USA POLICY AND I HAVE BEEN TOLD THIS MANY TIMES TO ME BY THE USA GOVERNMENT! I do not bring you rumors or “I think its going to happen”. I bring you sound and solid news.
INTERNATIONAL CRIMINAL COURT'S DECISION TO REFER THE IRAQI PRIME MINISTER NURI AL-MALIKI AND HIS AIDES TO COURT ON CHARGES OF GENOCIDE:
The International Criminal Court decided to refer the Prime Minister Nuri al-Maliki DONC and a group of his senior aides to court on charges of genocide. Mr. Mohammed Al-Kaabi spokesman Court for the Middle East said that one of the associates of al-Maliki who Torteurahalthm to court Gen. Farouk al-Araji, director of al-Maliki's military office and Lt. Gen. Ali Ghaidan, commander of ground forces and Saadoun al-Dulaimi, the defense minister and the agency, Adnan al-Asadi senior agent Interior Ministry and intelligence chief Zuhair Gharbaoui team Qassim Atta, director of operations at the intelligence service and the team called Hgati head of the anti-terrorism device.
He revealed that the Court now has complete files crimes committed by al-Maliki and his aides, including genocide in Anbar and Kirkuk and the blatant violation of human rights and to follow the brutal methods of torture and violation of freedoms of citizens and contrary to the Geneva Conventions and the Charter of the United Nations and international law.
So not let me reinforce my stance on Maliki and how he must be dealt with. So this week out pops another article telling us why the CBI is not pulling the trigger on the RV. I quote from the CBI article below - "The government has to cooperate with various parties in order to follow up corruption and track the money that comes out of the country and the fight against economic crime."
Also the CBI claims they needs the government of Iraq to step up and regain full control of their country and I quote from the article below from the CBI - " pointing to the existence of other factors that have an impact on the exchange rate the security and political stability and control of border crossings such as the situation land, air and sea."
Don’t believe me? Read the darn article for yourself!
BAGHDAD / ... Central Bank of Iraq announced on Saturday that monetary policy will not be able to adjust the exchange rate of the US dollar against the Iraqi dinar, while the government called for border control and track the money that comes out of the country and the fight against economic crime.
He said the Central Bank's board member Majid picture for "Eye Iraq News" that "monetary policy is trying to adjust the exchange rate of the dollar against the dinar, but this will not affect too much," pointing to the existence of other factors that have an impact on the exchange rate the security and political stability and control of border crossings such as the situation land, air and sea."
He called the picture "The government has to cooperate with various parties in order to follow up corruption and track the money that comes out of the country and the fight against economic crime."
"The monetary reserves at the Central Bank as possible to play a major positive role in the stability of the dollar exchange rate on condition of interference by other parties."
It is noteworthy that the Governor of the Central Bank on the Keywords announced that the decision to cancel 8% of customs and excise tax imposed on the purchase of the dollar exchange rate will decrease over the next week, and will contribute to lower consumer goods prices. It ended 7
Okay so now I want to talk about these darn international MasterCard transactions once again that seem to be the basis for the RV from some of these so called “gurus” that many of you have been following. They tell us these cards are now live however they can’t give us an explanation after the fact as to why the RV has not been announced. They are all so puzzled and confused since they have told us over and over again when the cards go international they must do the RV. Really?
I will tell you why. I have told you why before and I said many times don’t expect any RV even if these MC cards go live internationally. I CLEARLY explained it all out in black and white in my past news letters.
But for those that missed the many news letters on this topic or are too thick headed to listen – let me explain it again and hold your hand once again. I told you many weeks ago that these cards would be activated and yet you would see no RV. I said - so don’t anticipate any RV due these cards. It is only an event these gurus are trying to connect to the RV since they desperately try to string you along from one event to the next. It was only more hype and just another date.
This is how it works - The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion. MASTERCARD system delivers a product that allows you to use these fixed rates then ties into the government DEBIT bank account to see the dinar amount you are allocated. Then it makes the conversion according the country or origin to which you are transacting your debit. It then converts to the needed amount of new currency. It is that simple in principle.
Did I day the use of currency exchanges even once in my explanation? NO! - I did not. NOT DEPENDENT ON ANY INTERNATIONAL CURRENCY EXCHANGE and shame on those that are telling you otherwise.
Next I also want to point out that these MASTERCARD events are for the SMART cards and not the “National” Cards. So why is this important.
Oh – you say you did not know there were two types of cards? Oh so your favorite ‘guru’ did not tell you? Its because they don’t care to tell you. Do they even know? They are not concerned about telling you the truth or even know the truth since all they want is an event to peg a date to so they can hype you up and string you along to another RV timeframe. When are you going to learn?
The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc.. we hear so much about.
The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES - if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. Many article have told us this. They have not yet begun. Iraq still plans to begin this project in this timeframe. What are they waiting for?
They are waiting for nothing! They fully plan to execute their plan on time to distribute these funds. Gosh…it is only June 27th so they have the full month of July yet to make good on their promise to the people. Give them some slack! I fully expect this event to happen and hear news of it very soon. I will keep you up to date, if you want me to. Don’t you know by now they hardly do anything on time?
I also want to remind you that there is another version of HCL too that Kurdistan needs implemented. I have talked about this version of HCL in my past news letters.
It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Baghdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. All this revenue goes directly to Kurdistan. In the past they have been pumping oil and generating this excess oil revenues and so Baghdad has refused to pay the total 17% claiming they are being funded with this excess oil revenue anyhow and they violated their stick quotas (looked at as limitations). This was of course a matter of interpretation of the law. The fact was by not paying the full 17% the GOI was in violation of the HCL (and the constitution). So the Kurds hope this new version of the law will clarify this stance once and for all and eliminate any future confusion. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. Hope this all now makes more sense to everyone.
Is this something you want to hear about from me or would you rather go back to your “gurus” for all your news? Go back and ask them why there is still no RV yet the MASTERCARDS are live and they are using them internationally. I would luv to hear their explanation….lol…..
Go back and ask them why the oil revenue royalties are not yet paid to the citizens yet its June 27th already.
So all is good in the news. Iraq is moving forward with the new laws. They are moving ISIS out of Iraq. Deals are being made to move Iranian influence out of Iraq too. In fact I will tell you this. I believe Erbil is in fact all completed and we are just now waiting for the final votes on the many laws and the announcement of them to us. I suspect this could happen in the next couple weeks. They know we are watching for these events and so they try to hide them from us since they know this is PART of the key to triggering the RV.
I can assure you the Iraqi RV is not tied to any GREECE bailout or referendum. These events are not even remotely tied together. If I were you I’d better spend my energy and time watching for the new implementation of the needed new laws to satisfy the reforms.
The deals being negotiated with Iran over the nuclear issue could have some influence but only if they include deal within it to disconnect themselves from Syria and Iraq and allowing these countries to stand on their own and thus adhering to all international banking and commerce laws. I feel these negotiations will fall short if they do not include this.
Thus in dealing with other countries for this purpose. In other words stop the money laundering, the insistence on corrupting the Iraq politics, and sending terrorists across the boarder to influence these matters. This ongoing policy of making Iraq a puppet state of Iran must end. Iran must show good faith too in that they intend to carry out this new policy in the future dealings with Iraq. Qasem Soleimani must pull his Kud forces out of Iraq.
The situation with Syria is coming to a turning point soon too. Since Russia has now pulled support away from Syria and has recommended that Iran now do the same, this may be settled soon. The next question is this. Will Assad retire peacefully or will he go down with the ship….lol….
Let’s keep our heads on. Let’s watch for these events for these will bring the needed laws, security and peace that is required in Iraq to bring back their currency. It may still take months more or they might be hiding much of the progress from us and thus much farther than we expected.
Remember too when it comes to currency reform they have not been working in a vacuum on this event. They have made already much progress in this direction and the project has been stalled many times. This brings confusion to many who are reporting to you on this topic since they do not follow all the news and for some reason they can not or refuse to tie it all together to see the BIG picture. All they seem to rather do is find a single thread of something to cause hype and justify a reason as to why they tell you the RV is going to happen any day and any time.
I can firmly and irrevocably tell you that the RV is not going to happen this weekend or will it probably happen in the next couple weeks or even months. Beyond this timeframe I can not tell you since this events that must take place are so dynamic and we can only project out a couple weeks at a time. So when the news appears and I hear more I will try to keep you informed.
Would you like to keep getting this news letter? I know there are tens of thousands of you reading each publication of this news letter. Even those that bash me too are reading it and many take my information and use it in their conference calls. I have nothing against this practice as long as you accurately quote me or the articles. Folks it about time we hear the truth and stop all this hype and nonsense. I don’t care if I am the one to bring it but someone must do it.
This latest event with Sterling Currency is only the tip of the iceberg as to what is going to happen if this news is not cleaned up and accurately reported. I do not want to speak for Sterling Currency but I will say this- if you have any reserve currency you should expect to receive it according to contract. If not sue them it is that simple.
This Sterling event is not a conspiracy to hold back your reserves and keep you from exchanging them as some “gurus” now are telling you. Ridiculous information ….simply lies once again!
I have told you over and over again these news channels are using their news to sell dinars and other currencies in indirect ways without you even realizing it.
I have tried, in a nice way, to show you that maybe the ZIM should not be a currency to invest in. I showed you proof and yet I am still hearing many buying this currency. So let me bring you once again an article from this week on the latest news concerning this topic.
THE PROCESS OF DEMONETISATION WHICH COMMENCED ON JUNE 15 heralded the end of an era for Zimbabwe and PUT TO REST ANY SPECULATION OF THE IMMINENT RETURN OF THE ZIMBABWE DOLLAR.
Ritesh Anand Column
The demonetisation of the Zimbabwe dollar was pronounced by Finance minister Patrick Chinamasa in the 2014 National Budget, as well as in the Reserve Bank Governor John Mangudya’s mid-term Fiscal Policy Review in January 2015.
Demonetisation is the act or process of removing the legal status of a currency unit. It is necessary whenever there is a change of national currency. The old unit of currency must be retired or decommissioned.
Zimbabwe adopted the multiple currency system or dollarisation in 2009 and it is therefore necessary to demonetise the Zimbabwe dollar unit to replace it with the multiple currency system as was approved in the Finance (No 2) Act of 2009.
Demonetisation is not compensation for the loss of value of the Zimbawe dollar due to hyperinflation. It is an exchange process. Let’s hope that we have learnt valuable lessons from the period of hyperinflation.
According to professor Steve Hanke, Zimbabwe’s inflation peaked at over 79 000 000 000%, that’s 98% a day.
That means that prices doubled every 24 hours! Zimbabwe recorded the second highest rate of inflation in history. Only Hungary in 1946 recorded a higher rate of inflation where inflation reached 4,19 x 10¹⁶% or 207% per day. In the case of Hungary prices doubled every 15 hours.
According to the great economist John Maynard Keynes, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
Former Russian leader Vladimir Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.
By a continuing process of inflation a substantially major part of the wealth of citizens in a country is systematically and undetected taken away from them. Through this method, not only is their wealth destroyed but obliterated arbitrarily; and, while the process impoverishes the majority, it enriches a selected few.
The sight of this arbitrary re-arrangement of riches strikes not only at security but also at confidence in the equity of the existing distribution of wealth.
Hyperinflation saw the transfer of wealth in Zimbabwe. It did this in a latent way that very few people realised. Those who were smart enough to invest in properties and shares preserved the real value of their savings.
For the most part, people kept their money in savings accounts whose value was eventually destroyed by hyperinflation. Overnight people found themselves with their life savings wiped out. Let’s hope that history is never repeated not only for Zimbabwe, but for the whole of Africa. There are important lessons to be learnt from this period of hyperinflation.
Demonetisation spells the end of this period and heralds a new beginning for Zimbabwe.
The process reaffirms government’s commitment to the multi-currency regime. In the January 2015 Monetary Policy Statement, Mangudya alluded to the conditions precedent before any change from the multicurrency system can be entertained.
To avoid any doubts, these are highlighted below:
Foreign exchange reserves equivalent to one year import cover;
Sustainable government budget;
Low and stable interest rate environment;
Sustainable level of consumer and business confidence;
Confidence in the financial sector; and
Creation of job opportunities.
Zimbabwe is back in business and it means going back to basics. It has moved from hyperinflation to a deflationary environment.
The risks are different this time. Government needs to find a way to reflate the economy without having the means to print money. The only option is to attract investment and to welcome foreign investors. The only way to do this is to create an enabling business environment and respect for property rights.
Demonetisation is the first step towards restoring credibility in the country.
Much more needs to be done to restore investor confidence.
This nonsense is affecting so many lives and so many are losing everything they have over this nonsense. They are victims but victims from their own ignorance and stubbornness and they too are at fault since they have been warned over and over again who the culprits and who is passing down this disinformation. So now once again I am telling you to be careful who you are listening to on these dinar info conference calls and what you read on these forums.
Peace and Luv To Ya All. Comment
6-27-15 Aggiedad77: I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protégé Dr. Saleh...together they understand the MR...they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates. Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time.
The noise from the Finance Committee continues to be just that, noise...put your ear plugs in....they don't seem to want to give up easily...What they have going against them...and what Iraq has going for it...is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago...it's coming...the BEST is yet to come. Comment
GracieDog: Looks like can just got kicked! Who knows what the irresponsible Greeks will vote.
Crusty: AB- This might be STUPID question, but, is there anyway Iraq could do this without Greece??
Already Blessed: YES CRUSTY....THERE IS BUT IT WOULD BE UGLY… GUYS....DON'T AGONIZE OVER GREECE...THINGS ARE GOING WELL AND ALMOST OVER.... ALL WE NEEDED WAS FOR THEM TO KICK THE CAN DOWN THE ROAD...THAT IS GOOD ENOUGH....WE DON'T NEED A RESOLUTION....WE JUST NEED AN AGREEMENT
Already Blessed: BUT I WILL REPEAT WHAT DC HAS SAID ON MANY CALLS! JOHN DOE - THEN MAYBE YOU DON'T UNDERSTAND WHAT THE MOST COMPLICATED FINANCIAL TRANSACTION IN THE HISTORY OF MAN MEANS?
ClemsonFan: Probably the "MOST COMPLICATED FINANCIAL TRANSACTION IN THE HISTORY OF MAN MEANS" rebuilding of Europe, Asia, and the USA after WWII.
6-27-15 LivingTheDream: Hey there, for what's it's worth I'm in Greece right now, and Christine LaGarde was on TV two nights ago saying there will be a fix in the next few days. I woke right up when our movie was interrupted by breaking news. Only challenge was she was speaking English and the interpreters were overbearing her in Greek.
My tv doesn't work in my hotel room for the last couple days - There are guards at every bank though. People have been taking all their money out of the bank.
I'll see what I can find. I can say with 100% certainty. They are actively working on something to do with the currency and economy in Greece. I saw it. And I saw Christine LaGarde in meetings and speaking to the public. Comment
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