Islandg1211: The gold fix and the silver fix has been exposed and the system has a new player in town. Indonesia is prepared to join Veitnam, Iraq and Iran as the newly RVd currencies to join not only the WTO, but also the IMF’s SDR basket to provide the needed value.
Oil prices are finding their needed settled price this month to provide the bases for the “New Math” both inside the books of the CBI, Iraq’s and the other ME countries’ budgets, but also for the SDR.
Bank accounts from the corrupt are being exposed, which is providing the needed security for the global currency reform. Trade deals and international business ventures with Iraq, Iran, Veitnam, and along China’s Silk Road are happening everyday.
Even Canada wants in on their share of a “loan” to Iraq. These are big waves hitting the global markets ready to really pound the USD. No wonder Yellin was called in for a yelling this week.
Bombs are dropping, and all the dysfunction of the GOI and other governments isn’t going to stop nor delay the compounded effects of these global changes.
Islandg1211: Ever cut down a tree with an ax? Is it the first chop, the middle chop, or the last chop that falls a tree? It’s all of them combined. It could be Saudi Arabia depegging from the USD, China’s slowed economy, or the Brexit that is the final blow, but it’s actually all these combined needed chops that will have an effect on a debt ridden, corrupt, non-growing global economy.
Don961: There are chops with the axe …. until the fatigue of it all sets in …. then ya grab the chain saw to finish it up …. seems like we are at that point …..IMO
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Islandg1211: The GOI turns into the OK Corral this week, refusing to yield to an honest technocrat government. They haven’t passed a significant law since the Anti-Money Laundering Law they were forced to do on October 1, 2015.
As Sadre, Sistani and their followers pleaded, “let our people go” into the international world of trade and prosperity without corruption and with the HCL implemented, the corrupt sectarians refused.
Don’t be impressed with evil. Ego never sees its own demise. Things didn’t end well at the OK Corral for all the corrupt. I’ve been pointing out the Obvious Silence of Sadre and his protestors. His silence speaks volumes to the fact the deal is done.
It’s great to have Frank’s confirmation on this, but it’s really getting to the point where all the townspeople can see how this long ride is going to end: Good for us and Bad for some corrupt politicians, some banks, bankersters, and terrorists.
What do B52s do? Baghdadi, you and your gang will find no place to hide as these Bunker Buster “smart bombs” carpet bomb the idiots who thought joining ISIS was a good idea. These B52s will completely clear the way, for the U.S. led coalition, the LDs, the citizens to return, the completion of the gas pipeline, and the national and international companies to use those new loans to rebuild.
It’s time for this ride to end for us KTAF family on the beaches of Hawaii celebrating together, just as the Duke surf ride ended on the world’s longest wave.
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Walkingstick: Sources: important meetings in Washington between the Iraqi Finance International Monetary Fund
April 14, 2016
Hosts the US capital Washington, on Friday, important meetings to support Iraq economically, between a delegation from the Iraqi financial burdens and another representing the International Monetary Fund.
According to private sources of change, the Washington meetings aimed to help Iraq, including at least ten billion dollars, but it is these funds will be conditioned to go beyond Iraq’s financial crisis.
The sources pointed out, to the political crisis experienced by Iraq during this week, prompted the donors of the International Monetary Fund for hesitation on support for Iraq, adding that Iraq is threatened today to lose the chance of financial support because of the big bad impression left by the Iraqi political crisis. Link:
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Doodlebug: In order to participate in the meeting of the World Bank;
Governor of Central Bank will travel to America
25 Farvardin 1395 (13 April 2016)
Deputy Governor of Central Bank foreign exchange and economic delegation consisting of the bank for a meeting of the World Bank and IMF spring travel to America.
Public Relations Department of the Central Bank of the Islamic Republic of Iran, a joint meeting of the International Monetary Fund (IMF) and World Bank (World Bank Group) every year on two occasions and attended by heads of central banks and finance ministers of member states will be held and assets.
Spring Summit meeting in late April and autumn (annual) normally held in early October in Washington and a member state once every three years as host of the annual session determined.
In this year’s Spring Summit which takes place from 15 to 17 April 2016 (27 to 29 Persian date Farvardin 1395) to be held, the Governor of the Central Bank of the Islamic Republic of Iran and his accompanying delegation will attend.
Of the most important meetings of this session will lead to economic Roundtable attended by senior officials from the International Monetary Fund and World Bank meeting, the Ministers and Heads of Group 24, Group 24 meeting of deputy ministers, meeting of the international monetary and financial committee (IMFC) and the Development Committee (DC) point a.
Bank officials and economic presence in this meeting provides a good opportunity to meetings between presidents and other members of missions of various countries in order to increase mutual communication and economic cooperation between the bank and be done. LINK
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Mountainman: “COOPERATION” Clears the BEAVER’S Dam……..and OPENS Up the Channel for the {WATERS} to Flow w/in the (BANKS)…..The New Reality {FLOW/S} Down Stream w/The CURRENT/CY……..Very Nice…..
“COMPETITION” meets {COORPORATION} in the HEAD Waters……..of {CONTROL}………Interesting “FLOW” of EVENTS Now [TRANSITIONING] Globally…..Isn’t “IT”……???
Blessings,Mountainman (8)=New Beginnings…….INDEED…..
Walkingstick: World Bank and AIIB Sign First Co-Financing Framework Agreement
April 13, 2016
Close cooperation between the two institutions will support economic development
WASHINGTON, April 13, 2016— World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed the first co-financing framework agreement between the two institutions.
The agreement outlines the co-financing parameters of World Bank-AIIB investment projects, and paves the way for the two institutions to jointly develop projects this year. In 2016, the AIIB expects to approve about $1.2 billion in financing, with World Bank joint projects anticipated to account for a sizable share.
“I am delighted that today we are raising our partnership to a new level,” Kim said.“Signing this agreement enables our institutions to finance development projects together, and that is an important first step toward working with a new partner to address the world’s huge infrastructure needs. As the world’s multilateral development banks collaborate ever more closely, leveraging each other’s financing and expertise, the people who will benefit the most will be the world’s poor.”
Some 1.2 billion people in the world lack access to electricity and 2.4 billion people don’t have access to basic sanitation services. The World Bank Group invested $18.8 billion in infrastructure in the fiscal year ending June 30, 2015. The institution will leverage even more private finance through new partnerships, such as the Global Infrastructure Facility, and the growing portfolios of the International Finance Corporation and the Multilateral Investment Guarantee Agency.
“I am very pleased today to sign this co-financing agreement together with World Bank Group President Kim,” Jin said. “The AIIB is very grateful for the generous and timely support offered by the World Bank Group throughout our establishment process, and we look forward to a long and fruitful relationship with ongoing cooperation in project co-financing and other areas.”
The World Bank and the AIIB are currently discussing nearly one dozen co-financed projects in sectors that include transport, water and energy in Central Asia, South Asia and East Asia. Under the agreement, the World Bank will prepare and supervise the co-financed projects in accordance with its policies and procedures in areas like procurement, environment and social safeguards.
The AIIB, located in Beijing, aims to promote regional cooperation in addressing development challenges by working with other multilateral and bilateral development institutions. It is expected to advance sustainable economic development and to improve infrastructure in Asia.
http://www.worldbank.org/en/ne…..-agreement
Mountainman
No,No,NO……..this didn’t Happen it’s {ALL} Conspiracy…….RIGHT ???…….Bahaaa……..Yes “IT” (Did)……..and “IT” (Does) Continue……So……??? Do We Need to Know/Understand How The Players PLAY……”NOT” for Academic Purposes ???……But Rather for Responsibility/STEWARDSHIP Principles…..and The Casualties of these Deceptions/Manipulations are the {PEOPLE}……
Just A Thought of THOUGHTS……..IMO
Blessings,Mountainman (8)=New Beginnings……and “Some” OLD Ones won’t Go Away Either…….IMO
Dnari131: Wed Apr 13, 2016 7:09pm EDT
Deutsche Bank to settle U.S. silver price-fixing litigation
Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings Plc to fix silver prices at the expense of investors, a court filing on Wednesday showed.
Terms were not disclosed, but the accord will include a monetary payment by the German bank, a letter filed in Manhattan federal court by lawyers for the investors said.
Deutsche Bank has signed a binding settlement term sheet, and is negotiating a formal settlement agreement to be submitted for approval by U.S. District Judge Valerie Caproni, who oversees the litigation.
A Deutsche Bank spokeswoman declined to comment. Lawyers for the investors did not immediately respond to requests for comment.
Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world’s largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix.
According to the lawsuit, the defendants distorted prices on the roughly $30 billion of silver and silver financial instruments traded annually, violating U.S. antitrust law.
UBS AG was also named as a defendant. Investors accused the Swiss bank of conspiring to exploit the Silver Fix, though it did not help set the benchmark.
Spokesmen for HSBC and ScotiaBank declined to comment, saying they could not discuss pending litigation. A spokeswoman for UBS did not immediately respond to requests for comment.
The lawsuit is among several in Manhattan federal court in which investors accused banks of conspiring to rig rates or prices in financial and commodities markets.
The case is In re: London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No. 14-md-02573.
(Reporting by Jonathan Stempel in New York; editing by Grant McCool and Diane Craft)
More From Reuters
http://www.reuters.com/article…..SKCN0XA2RU
