Thunderhawk: We told you Singapore was OZ’s Head quarters !
We now see the 2 financial capitals (old and new) merging and how close this all really is to being a done deal. Signing off ThunderHawk
ThunderHawk MASSIVE ALERT (See article below)
Mountainman: THIS IS HISTORY IN THE MAKING…….
FAMILY {FRAME THIS ONE} ……this ARTICLE is THE ELECTRONIC NEW DIGITAL CURRENCY REALITY between the LONDON Dynasty FAMILY and it’s NEW CAPITAL Connection=MAS w/SINGAPORE……..???
Is There ANYTHING that Can (S T O P) Any DIGITAL Movement of CURRENCY…..NOT PRINTING It….But [Now] by DATA ENTRY…..???…..
That’s CORRECT….the ANSWER is NO,NADA,ZERO,ZIP,ZILCH……
Mountainman : Therefore, As this OLD FIAT SYSTEM is On it’s Way Down…..The NEW REALITY CAPITAL of SINGAPORE and It’s CONNECTIVE BRANCH The UK….Sets the NEW {TRANSACTIONS} at the SPEED of A CLICK and ENTRY on Ones COMPUTER……
The Easiest Way I can Convey this is ……”WHAT THE FED Was to The WORLDS ECONOMIES”…….this UK/SINGAPORE CONNECTION has (NOW) Become for The DIGITAL BANKING AGE of the NEW REALITY/NEW WORLD ORDER ……
THIS Is YOUR MONETARY REFORM AND THE MERGING OF (NOT) ALL WE HAVE BEEN WAITING FOR ……. BUT, THIS ENCAPSULATES (ALL) THE COUNTRIES AND HOW THEY ARE NOW ABLE TO CONNECT TO THE NEW DIGITAL AGE
OF ASSET BACKED VALUES…….
Many Thanks to HAWK for the Discussions…….for this Is The ARTISTS SIGNATURE to A GLOBAL MASTER PIECE……READ His HIGHLIGHTS/COMMENTS for The CONTEXT-CONNECTIONS…..for What we Both Say In This WHOLE POST…..for it Tells the REAL STORY of How the NEW REALITY is COMPLETE in it’s BANKING STRUCTURE…….
BLESSINGS,MOUNTAINMAN (8)=NEW BEGINNINGS……..OF THE STARTING POINT for The NEW REALITY and THE HIGHWAY TO THE NEW WORLD ORDER
Britain and Singapore establish fintech ‘bridge’
Singaporean officials and fintech companies gathered with UK fintech companies at Downing Street to celebrate the launch of the UK’s first-ever Fintech Bridge.
London – Singaporean officials and FinTech companies gathered with UK FinTech companies in Downing Street to celebrate the launch of the UK’s first ever FinTech Bridge, which included the signing of a Regulatory Cooperation Agreement between the Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS).
The agreement will enable the regulators to refer FinTech firms to their counterparts across the globe. It also sets out how the regulators plan to share and use information on financial services innovation in their respective markets.
The announcement is a major milestone for both UK and Singapore.
For the UK, this is in line with the government’s commitment to ensure the UK remains the global FinTech Capital of the world. The UK FinTech sector is going from strength to strength. It generated £6.6bn revenue in 2015 and has a workforce of over 60,000 employees.
For Singapore, the announcement underscores the government’s commitment to build a Smart Financial Centre that is among the best globally for innovation and dynamism.
It reflects the shared view that FinTech (and this FinTech Bridge) presents an opportunity to scale the use of technology to improve financial services, across two major global financial hubs.
The Economic Secretary to the Treasury, Harriett Baldwin, attended the FinTech event at Downing Street and said:
“I am delighted to announce that we are launching the first “FinTech Bridge” with Singapore today. This is a great opportunity for the FinTech industry in both the UK and Singapore – and builds upon the deepened financial and economic cooperation between the two countries. Forging this bridge with Singapore is the next step on our journey to ensure that the UK and Singapore both remain outstanding FinTech centres.”
Christopher Woolard, Director of Strategy and Competition at the FCA, said:
“We are delighted to sign this co-operation agreement with the Monetary Authority of Singapore’s Financial Technology and Innovation Group. This will help innovative firms from Singapore that want to bring new ideas to the UK, helping the FCA fulfil our objective of promoting competition in the interests of consumers. At the same time, this agreement will give those British firms with new ideas who want to expand into Singapore support, making them potentially more sustainable challengers in the UK.”
Jacqueline Loh, Deputy Managing Director of the MAS, said: “The FinTech Bridge that is forged with the UK today is a significant step forward in our FinTech journey. It will support FinTech innovators who wish to use Singapore as a base for collaboration and as a gateway to other markets in Asia. Singapore’s vibrant FinTech ecosystem is well-positioned to serve the Asian market, the fastest growing region in the world. The Agreement between the MAS and FCA will also create
Mountainman: This is Where PRODUCTION and PROJECTION Meet…..These Two and the Future of TRADE/Transportation…..and their respective Currency Values will be A Significant DEAL MAKER here in the LONG TERM…….IMO
Blessings,Mountainman (8)=New Beginnings…..for Iran and S.Korea
Thunderhawk: Iran, S. Korea to become great trade partners
Referring to the fact that Tehran and Seoul have reached a turning point in their bilateral relations, Jalalpour stressed that there are some principles should be considered for developing bilateral relations could be considered for developing bilateral relations
http://www3.irna.ir/en/News/82076413/
Mountainman: When the US DOLLAR DEVALUES and The DEBT We/Others Hold is Changed Over from the FED to the UST…..It Would Also Carry A Potential New Way to RESTRUCTURE that Debt as A New US VALUE Comes Into the Future Picture…..
Well The Reality is this…… Let’s Say the DOLLAR Loses It’s Purchasing Power by 30 to 50%…..Then that Means The US DEBT We/Others Carry Becomes MINUS that Percentage because it is In the FIAT SYSTEM…..
As The TRUE ASSET VALUE Comes it Will Be EASIER to Pay that Debt Off or Simply REPACKAGE it in New VALUED Asset Backed Bonds/Treasury Notes……IMO…..Hmmm
Blessings,Mountainman (8)=New Beginnings…….for US DEBT Reduction…….IMO
Thunderhawk: US Treasury Reveals Saudi Arabia Holds $116Bln in US Debt
$10 and the US Treasury
Saudi Arabia holds $116.8 billion in US debt, making it among the top dozen foreign nations with US holdings.
The US Department of the Treasury has revealed that Saudi Arabia holds $116.8 billion in US debt, making it among the top dozen foreign nations with US holdings, according to media reports on Monday.
The Treasury Department released the information in response to a Freedom of Information Act (FOIA) request by Bloomberg News, the outlet reported. The department had kept information on Saudi-held US debt confidential for 42 years, according to the report.
The report noted, however, that the Treasury Department’s figures may not account for all of the money held by Saudi Arabia.
Riyadh has about $587 billion in foreign reserves, and most nations hold about two-thirds of reserves in US dollars, the Treasury Department explained.
Saudi officials threatened last month to sell $570 billion in US debt if US lawmakers approve a bill that would allow the kingdom to be held responsible for the September 11, 2001 attacks against the United States.
Until it responded to the FOIA request, the Treasury Department had grouped Saudi holdings in with 14 other nations, most of which are members of Organization of the Petroleum Exporting Countries (OPEC), which held $281 billion in US debt as of February.
The Saudi economy has been under increased pressure due to declining global oil prices, and the relationship between Riyadh and Washington has appeared strained in the last year over the US nuclear deal with Iran, as well as the possibility of lawsuits by families of people who died in the September 11 terrorist attacks.
http://www.ooyuz.com/geturl?aid=11645677
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Mountainman: There is No DOUBT CHINA Needs A Tight Relationship as they Proceed towards their RESERVE CURRENCY Status….The GOLDEN TRIANGLE has it’s Privileges and IRAN Sees the RED DRAGON of the FUTURE for them and the Demand CHINA has for it’s Industry of OIL and it’s Various Products as Well…..New CONTRACTS w/OIL are the Reality of A NEW REALITY……IMO
Blessings,Mountainman (8)=New Beginnings…..for A New MODEL of CONTRACTS
Thunderhawk: Energy official: Iran to cooperate with Beijing in new oil format
Amir Hossein Zamani-nia said validity of Iran-China memorandum of understanding (MoU) is five years.
After signing MoU on Sunday afternoon with China’s National Energy Organization, Zamani-nia told reporters the MoU was on sales of crude oil, gas condensates, exploration and development, increasing exploitation, manufacturing oil and gas equipment, investment in different oil and gas, refinery and petrochemical plans.
He added that Chinese companies were in Iran during imposed sanctions and expressed hope that in post Joint Comprehensive Plan of Action (JCPOA) cooperation with Chinese reputable companies in the framework of new model of oil contracts could be continued.
China is among traditional customers of Iran’s crude oil, which its purchase increased following the implementation of the JCPOA by more than 13 percent.
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China by importing around 400,000 barrels a day was the largest Iran oil purchaser during sanctions era.
http://www3.irna.ir/en/News/82075911/
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Mountainman: Yes the New SONG for NEW IDEAS and INNOVATION will be Sung on the GLOBAL STAGES around the WORLD…..Notice the Thought Process and Planning Involved in these Meetings from VERY High Levels Abroad…….IMO
Blessings,Mountainman (8)=New Beginnings…..for GLOBAL INNOVATION
Thunderhawk: ALERT – ALERT
Asia-Pacific leaders convene at annual UN policy forum in Bangkok
Heads of government and other high-level officials from around Asia and the Pacific will convene in Bangkok over the next five days for the annual session of the United Nations regional commission, where they will debate regional cooperation and integration, and review key challenges to achieving inclusive and sustainable economic and social development.
[Asia-Pacific leaders convene at annual UN policy forum in Bangkok]
According to United Nations Information Center (UNIC) in Tehran, the 72nd session of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) will meet from 15 to 19 May, with the Senior Official’s segment opening today.
The Prime Ministers of Fiji and Tajikistan, and the Deputy Prime Ministers of Azerbaijan and Tuvalu are amongst the high-level participants taking part in this year’s session. The Minister of Energy of Thailand, General Anantaporn Kanjanarat is scheduled to address the opening of the ministerial segment on 17 May.
Several key ministers will be among the speakers at the High-level Dialogue on 17 May that will explore advancing regional economic cooperation and integration in Asia and the Pacific.
A ministerial roundtable will be held on 18 May with a focus on the theme of the 72nd session, science, technology and innovation for sustainable development.
On 19 May, high-level officials alongside experts from the region will join a panel discussion on the findings of the Economic and Social Survey of Asia and the Pacific 2016, ESCAP’s flagship publication.
http://www3.irna.ir/en/News/82075182/
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Mountainman: In other Words Were READY but USA Actions Speak LOUDER than WORDS…..IMO
Blessings,Mountainman (8)=New Beginnings….for ACTION
Thunderhawk: US, European banks must take practical steps to implement JCPOA
Deputy Foreign Minister for Europe-American Affairs Majid Takht-e Ravanchi said on Sunday that negotiations of US Secretary of State John Kerry and European banks are something positive, but Iran expects practical steps to be taken by the parties to JCPOA.
He told IRNA that according to the media reports, negotiations between John Kerry and the European Banks has been totally not bad, but it is important to see what would happen in practice.
European bankers sent informal message that they are ready to restart banking trade with Iran if Tehran undertakea to compensate their penalties by the US.
http://www3.irna.ir/en/News/82075607/
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Mountainman: One of the BIG CHANGES Coming Down as Markets are Adjusting and Positioning for Devaluation is The LAY OFFS won’t Just be Linked to the Banks trying to Deleverage themselves…..but Also Because the NEW DIGITAL AGE will REDUCE BANKS as We Know them TODAY…..The Needs and Former JOBS in BANKING will Also See A NEW REALITY As Well…..That is Yet On the Not So DISTANT HORIZON…..IMO
Blessings,Mountainman (8)=New Beginnings…..for DIGITAL BANKING
Thunderhawk: HSBC axes 840 IT jobs in Britain in first big wave of planned cuts
http://www.reuters.com/article/us-hsbc-employment-idUSKCN0Y70WI
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Thunderhawk: Russia, Vietnam to Expand National Currency Transactions
Russia and Vietnam are going to expand the national currencies usage in mutual trade and develop cooperation in the banking sector, Russian Prime Minister Dmitry Medvedev said Monday.
Russia and Vietnam intend to expand the use of national currencies in mutual trade and develop cooperation in the banking sector, Russian Prime Minister Dmitry Medvedev said Monday.
“We have agreed to develop cooperation in the field of banking, and to extend where possible the scope of the use of national currencies in bilateral turnover,” Medvedev said after meeting his counterpart Nguyen Xuan Phuc.
The Russian head of government noted that the two countries’ business circles voiced interest in telecom and IT cooperation
http://www.ooyuz.com/geturl?aid=11637401
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Mountainman: Well Unfortunately but FORTUNATELY too Little TOO LATE……IMO…….The TRANSITION of Our US DOLLAR will Soon Find It’s Proper HOME w/the UST……the FED will (Not) Have it’s Same Role it Has Had in the Past ONCE the NEW REALITY takes Center Stage…….thus The Reason I say Too Little TOO LATE……
In the END (THEY) Still CONTROL the GLOBAL STAGE it’s Just A Different Relationship and The Administrative Role Will “RETIRE” So to Speak……IMO
Blessings,Mountainman (8)=New Beginnings…..for the FED and the UST
Thunderhawk: and the House of Cards begins to tumble down
HUGE Backdoc Alert
The ‘audit the Fed’ movement is taking a big step forward in Congress this week
.An effort to conduct an unconventional audit of the Federal Reserve is gaining traction in Washington and on its way to a potentially important milestone this week.
The Federal Reserve Transparency Act will undergo the markup process this week in the House Oversight and Government Reform Committee. A product of the “Audit the Fed” movement, the bill seeks not a financial exam of the U.S. central bank but rather a peek behind the curtain of how monetary decision-making happens. The markup comes after several failed efforts to move the legislation ahead, and supporters believe there now is enough backing in Congress to go forward.
The Fed’s policymaking arm, the Federal Open Market Committee, does not meet in public and only communicates its decisions through carefully worded statements at the end of its meetings and through officials’ remarks at speaking engagements and through the press.
Former U.S. Rep. Ron Paul of Texas has been the leading voice behind the Fed auditing effort; his son, Kentucky Republican Sen. Rand Paul, has been spearheading the bill in Congress. The Campaign for Liberty, which Ron Paul chairs, believes this week’s legislative effort marks a significant step.
“Given the tenor of what people seem to be signaling from the campaign trail in both parties, it’s not necessarily seen as a good year to be siding with the Federal Reserve, the big banks and international financial institutions against the majority of Americans,” Norman Singleton, president of the Campaign for Liberty, said in an interview. “The best possible outcome is for a more fully informed public about Fed monetary policy.”
Scrutiny into the Fed’s practices comes as monetary policy has played a central role in the economy and financial markets since the days of the financial crisis.
The U.S. central bank kept its interest rate target near zero for seven years before hiking a quarter point in December 2015. Also, the Fed conducted three rounds of bond purchases known as quantitative easing that ballooned the bank’s balance sheet to more than $4.5 trillion.
Stocks moved almost in tandem with the Fed’s QE operations, overall gaining more than 200 percent since the crisis lows in March 2009 but almost always falling during lulls in the program. The S&P 500 index is up only about 3 percent since the Fed ended the third QE round in late October 2014.
Fed critics believe the process of how and why the central bank made its decisions should be more transparent.
“While the Fed has taken the position that we’re already audited, the fact is that audit is a financial audit and just provides the figures. It doesn’t really give you a full glimpse of the Fed’s conduct of monetary policy,” Singleton said.
Indeed, the Fed undergoes a variety of checks. The Government Accountability Office and the Fed’s Office of Inspector General conduct multiple exams of Fed business, its financial statements are scrutinized by an independent auditor, and the Fed posts its balance sheet online.
However, critics are demanding more.
“The meetings of the Fed, talking about monetary policy, is just the tip of the iceberg about the unprecedented autonomy and capacity that the Fed wields,” said Larry Jacobs, a University of Minnesota professor of political science and co-author of the book “Fed Power: How Finance Wins.” “There’s no other domestic institution that enjoys that kind of power.”
Opponents of the “audit the Fed” movement believe the ultimate consequence will be to remove the Fed’s policy independence from political pressure. They believe that independence is necessary for a group that needs to be able to make decisions “reasonably and in the national interest,” in the words of former Chairman Ben Bernanke.
“The Fed should continue to strive to improve its transparency and accountability, and in particular to ensure that Congress has all the information it needs to fulfill its oversight responsibilities,” Bernanke wrote in a blog post earlier this year. “However, this goal is not best achieved by overturning longstanding practice and effectively inserting Congress and the GAO into monetary policy decisions, calling into question the Fed’s independence.”
However, the political winds do seem to be blowing against the Fed on this matter.
Presumptive Republican presidential nominee Donald Trump has voiced support for the bill and Democratic challenger Bernie Sanders, a senator from Vermont, voted for the legislation in January. Even Democratic front-runner Hillary Clinton has supported shaking up the central bank.
“It’s the Fed and the Fed alone that’s a radical example of independence and power. The question being raised in the presidential campaign is, ‘is this too much and is this the time to look at scaling back the Fed’s powers?'” Jacobs said. “There should be a serious vote on audit the Fed. I think it’s a reasonable proposal.”
http://www.cnbc.com/2016/05/16/the-audit-the-fed-movement-is-taking-a-big-step-forward-in-congress-this-week.html
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Mounntainman: Here We SEE “THE FAMILY” of OZ CONTROLLING OVERSIGHT…..After the ARTICLE that TIED the NEW GLOBAL DIGITAL HIGHWAY To {ALL} BANKING ROADS=The “YELLOW BRICK ROAD” that LEAD TO And FROM OZ=MAS/SINGAPORE…..Are We SURPRISED that This {OVERSIGHT} would Be HANDLED Here….???…..Uh….NO…..IMO
Blessings,Mountainman (8)=New Beginnings…….for UNDERSTANDING who the (PLAYERS) are Has It’s WISDOM……..=STEWARDSHIP
Thunderhawk: Singapore’s central bank says banks should maintain high level of IT security
Singapore’s central bank has said banks should maintain a high level of security for their critical IT systems following recent cyber attacks using the SWIFT financial messaging system.
The Monetary Authority of Singapore “expects financial institutions to implement strong controls in their IT systems as set out in the MAS Technology Risk Management Guidelines,” a spokeswoman said in response to media queries.
“This includes maintaining a high level of security for their critical IT systems, such as SWIFT.”
Vietnam’s Tien Phong Bank earlier this week said it had interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart of February’s massive theft from the Bangladesh central bank.
Singapore’s MAS will continue to monitor the security landscape and threats faced by the financial industry and provide guidance where necessary, the spokeswoman said.
http://www.vietnambreakingnews.com/2016/05/singapores-central-bank-says-banks-should-maintain-high-level-of-it-security/
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Mountainman: Look for NEW TAX Measures as this New Reality Comes {FULL} Circle……A REAL SIMPLE Solution is to Make TAXES to Be Flat Across the Board and as So MANY TODAY say….”PAY their FARE SHARE”…..and NOT Only will there be Mass Amounts Collected because the TOP 1% Already PAY close to 80% of Our Nations TAXES Already……
You Can’t TAX Just SOME and Not {ALL} Others…..If We had A FLAT TAX and {ALL} Paid Their Respective Share……There Would Be More Money in the System and More Money in Our Pockets Instead of High TAXES that CHOKE OUT Personal Incomes and JOB GROWTH….and then People would have Money Left to INVEST and Plan for their FUTURES…..
Where as of Right Now….People…..Are Living Pay check to PAY CHECK and Can Barely Afford this OVER REGULATED, OVER TAXED Country……IMO
Blessings,Mountainman (8)=New Beginnings…….for A New ERA of TAXATION
Thunderhawk: Backdoc Alert
Most US stock investors don’t pay taxes on gains: Report
“Corporate earnings are largely tax exempt at this level,” the report said.
The report found that retirement accounts hold roughly 37 percent of stocks. Foreigners, who generally don’t pay U.S. capital gains taxes on their sales of stocks, hold about 26 percent of U.S. stocks.
“This decline in stock ownership by taxable investors has been hard to spot since it is not obvious in data published by the Federal Reserve and others,” the report found. Yet it “affects many of the current tax policy debates,” the authors said.
http://www.cnbc.com/2016/05/16/most-us-stock-investors-dont-pay-taxes-on-gains-report.html
Mounainman: Well this is Rather CONVENIENT……Let’s Just Call it WHAT it is……An ELECTRONIC HIGHWAY Between OZ of ENGLAND to The CAPITAL of OZ in SINGAPORE……Ok That’s Better….IMO
Blessings,Mountainman (8)=New Beginnings…..for The ELO of OZ……
Thunderhawk: UK and Singapore fintech tie-up will benefit firms in both countries, say experts
A new ‘fintech bridge’ between the UK and Singapore was announced at a meeting of officials and industry representatives from both countries in London last week.
The deal will involve the sharing and use of information on ‘financial services innovation’ by the UK’s Financial Conduct Authority (FCA) and Singapore’s Monetary Authority (MAS), a statement issued by the Singapore regulator said:
As part of the deal, the FCA and MAS have also put in place a ‘regulatory cooperation agreement’.
The agreement is designed to help companies win authorisation for new financial technology products, services and business models in both jurisdictions.
https://www.santandercb.co.uk/knowledge-hub/uk-and-singapore-fintech-tie-will-benefit-firms-both-countries-say-experts
