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Friday, January 30, 2015
The Big Call - Recording Link and Replay #'s for Thursday Night 01-29-15
The Big Call - Recording Link and Replay #'s for Thursday Night 01-29-15 RECORDING LINK Playback number: (559)726-1159 access code 123456# 142 Minutes The Big Call |
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Thursday, January 29, 2015
Wednesday, January 28, 2015
The Big Call - Recording Link and Replay #'s for Tuesday Night 01-27-15
The Big Call - Recording Link and Replay #'s for Tuesday Night 01-27-15 RECORDING LINK Playback number: (559)726-1159 access code 123456# 148 Minutes The Big Call |
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Tuesday, January 27, 2015
Monday, January 26, 2015
Sunday, January 25, 2015
Friday, January 23, 2015
"We Are Into Phase 3 Of the GCR" by R.V./GCR at Stage3Alpha
R.V. / GCR January 23, 2015 at 12:30pm We are well into phase three of you Global currency reset.
There are a few ticks on this Dog and we gave it a flea bath, but the ticks are the problems so they may need to be taken out one by one.
Someone said with the right tools this can be done the easy way as long as the dog holds still.
May have to restrain that dog to getrdone.....just saying.....we are fully in... Timberdays
Janie > R.V. / GCR pair of very sharp tweezers, grab hold of the head and pull it out. LOL Bonjour, mon ami :)
R.V. / GCR First week of February or before is looking really good as everyone tries to push this thing into motion,..kinda like a car with a bad battery… need to pop the clutch to kickstart the motor
What are we looking for next beside true proof of historical bonds and heritage funds movement. We need to see the trade platforms begin.
This is your ahaha moment.
What follows is phase four …the alignment and where we tune the old car that could not start.......then we change the tires and try it...
If it works, because they did this for the friends and family last year…we should try the open road and take it too the green light......roar
There are a few ticks on this Dog and we gave it a flea bath, but the ticks are the problems so they may need to be taken out one by one.
Someone said with the right tools this can be done the easy way as long as the dog holds still.
May have to restrain that dog to getrdone.....just saying.....we are fully in... Timberdays
Janie > R.V. / GCR pair of very sharp tweezers, grab hold of the head and pull it out. LOL Bonjour, mon ami :)
R.V. / GCR First week of February or before is looking really good as everyone tries to push this thing into motion,..kinda like a car with a bad battery… need to pop the clutch to kickstart the motor
What are we looking for next beside true proof of historical bonds and heritage funds movement. We need to see the trade platforms begin.
This is your ahaha moment.
What follows is phase four …the alignment and where we tune the old car that could not start.......then we change the tires and try it...
If it works, because they did this for the friends and family last year…we should try the open road and take it too the green light......roar
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Backdoc Friday Morning Post - "LONG TRAIN RUNNING” emailed to Dinar Recaps
"LONG TRAIN RUNNING”
THE NEW GOLD STANDARD, “IRAQI BLACK GOLD”!!!
AS WE SEE ARTICLES TALKING ABOUT SUPPLY AND DEMAND WE ARE BEGINNING TO UNDERSTAND WHAT THE NEW NORMAL WILL BE. IRAQ WILL SOON BE THE NUMBER 1 PRODUCER IN THE WORLD, AND SINCE THEY HAVE THE LOWEST EXTRACTION COSTS, THEY WILL ESSENTIALLY BE ABLE TO CONTROL THE PRICE PER BARREL.
THE PROBLEM IS, IT WILL BE UGLY GETTING TO THAT POINT SINCE SUPPLY IS STILL RISING AND DEMAND IS FALLING! THIS ENCOURAGES A WORSE CASE SCENARIO FOR A FINANCIAL CRISIS TO OCCUR !
THIS SCENARIO NOT ONLY ENCOURAGES LOW OR LOWER OIL PRICES TO COME BUT A FINANCIAL CRISIS BEGINNING TO TAKE SHAPE!
AS PRICES FALL, THERE WILL BE MORE AND MORE PRESSURE ON FINANCIAL INSTITUTIONS. INVESTORS LOOK FOR A SAFE RETURN ON THEIR MONEY SO THEY WILL TURN TO THE BOND MARKETS FOR YEILD AS THEY HAVE BEEN DOING. THE PROBLEM IS THE YEILDS ARE DRYING UP AS THEY RETURN LESS AND LESS TO THE BOND HOLDERS. SOME BONDS AS IN JAPAN NOW HAVE A ZERO RETURN FOR 5 YEARS!
THE NEW GOLD STANDARD, “IRAQI BLACK GOLD”!!!
AS WE SEE ARTICLES TALKING ABOUT SUPPLY AND DEMAND WE ARE BEGINNING TO UNDERSTAND WHAT THE NEW NORMAL WILL BE. IRAQ WILL SOON BE THE NUMBER 1 PRODUCER IN THE WORLD, AND SINCE THEY HAVE THE LOWEST EXTRACTION COSTS, THEY WILL ESSENTIALLY BE ABLE TO CONTROL THE PRICE PER BARREL.
THE PROBLEM IS, IT WILL BE UGLY GETTING TO THAT POINT SINCE SUPPLY IS STILL RISING AND DEMAND IS FALLING! THIS ENCOURAGES A WORSE CASE SCENARIO FOR A FINANCIAL CRISIS TO OCCUR !
THIS SCENARIO NOT ONLY ENCOURAGES LOW OR LOWER OIL PRICES TO COME BUT A FINANCIAL CRISIS BEGINNING TO TAKE SHAPE!
AS PRICES FALL, THERE WILL BE MORE AND MORE PRESSURE ON FINANCIAL INSTITUTIONS. INVESTORS LOOK FOR A SAFE RETURN ON THEIR MONEY SO THEY WILL TURN TO THE BOND MARKETS FOR YEILD AS THEY HAVE BEEN DOING. THE PROBLEM IS THE YEILDS ARE DRYING UP AS THEY RETURN LESS AND LESS TO THE BOND HOLDERS. SOME BONDS AS IN JAPAN NOW HAVE A ZERO RETURN FOR 5 YEARS!
WE SEE AS IN THE CASE OF THE SWISS OFFERING A NEGATIVE RETURN ON YOUR SAVINGS IN THEIR BANKS OF 1 PERCENT I BELIEVE. YOU PAY THE BANK TO HOLD YOUR MONEY! SERIOUSLY?
AISO IN TURN THE CENTRAL BANKS ARE CUTTING INTEREST RATES TO SPUR GROWTH BUT THAT IS NOT WORKING ANY MORE AS WE HAVE SEEN ALREADY IN THE U.S., JAPAN, AND NOW THE E.U.!
JOBLESS CLAIMS ARE NOW BEGINNING TO RISE AS DEMAND BEGINS FALL! JUST WHEN BANKS SHOULD BE RAISING INTEREST RATES, THE E.U. IS CUTTING ALONG WITH SOME OTHER COUNTRIES.
SO HERE IS THE PROBLEM IN THE MAKING, YOU HAVE THE SWISS AND THE U.S. ON A PATH OF RAISING CURRENCY VALUE WHILE THE E.U., JAPAN, AND CHINA ARE LOWERING CURRENCY VALUE TO BECOME MORE COMPETITIVE AND SPUR GROWTH. THE PROBLEM IS IT’S NO LONGER WORKING ANYMORE!
THIS IS LIKE TWO TRAINS RUNNING TOWARD EACH OTHER DOWN THE SAME TRACK AT 70 MPH. IT REMINDS ME OF THE SONG “LONG TRAIN RUNNING” BY THE DOOBIE BROTHERS. EVEN WHEN THEY SEE EACH OTHER THEY WILL NOT BE ABLE TO STOP IN TIME!
THERE IS A CRISIS COMING AS GOLD REMAINS ELEVATED ALONG WITH AN OVERPRICED STOCK MARKET! HOW DO I KNOW THAT? GLAD YOU ASKED! BECAUSE THE NEW NORMAL IN SETTING VALUE HAS CHANGED! STAY WITH ME NOW!
SINCE COUNTRIES ARE VALUED BY ALL ASSETS IN THE GROUND, ABOVE GROUND, GDP. ECT. WE ARE NOW FORCED TO ACCEPT BLACK GOLD AS THE NEW VARIABLE IN THE MIX OF THESE ASSETS! THIS IS SHIFT FROM THE PAST WHERE GOLD DETERMINED THE VALUE OF A COUNTRYS’ WEALTH!
WE ARE JUST NOW IN THE EARLY STAGES OF THIS CONCEPT TAKING HOLD AS WE SEE A BATTLE FOR PRICE ON THE BLACK GOLD! AND THE WINNER IS ? THE ONE THAT HAS THE LOWEST EXTRACTION COST! BINGO! IRAQ! THE WORLD WILL PAINFULLY FIGURE THAT OUT LATER WHEN IT’S TOO LATE! DON’T LET THE DOOR HIT YA WHERE THE LORD SPLIT YA !! BAAA HAAA
SO NOW THAT WE HAVE THAT CONCEPT BEHIND US YOU WILL UNDERSTAND WHY THE LOWER OIL GOES, THE HIGHER THE DOLLAR GOES, BECAUSE THEY ARE INVERSE TO EACH OTHER SINCE THEY ARE BOTH CURRENCIES! HANG WITH ME NOW!
SINCE IRAQ WILL CONTROL THE WORLD MARKET ON OIL AS THEY REACH DOMINANT PRODUCTION LEVELS THEY ESSENTIALLY WILL CONTROL THE PRICE!
IF IRAQ ALLOWS THE PRICE TO GET TOO HIGH THE U.S. CAN KICK IN PRODUCTION TO DROP IT! SO ESSENTIALLY IRAQ CONTROLLING BRENT CRUDE PRICES AND THE U.S. AND CANADA CONTROLLING WTI CRUDE PRICES!
HERE IS THE IMPORTANT THING TO GRASP IMO, SINCE IRAQ IS NOT USING AN INTERNATIONALLY RECOGNIZED CURRENCY AT THE MOMENT. THE DOLLAR IS INVERSELY CORRELATED TO THE PRICE OF BLACK GOLD!
THE LOWER CRUDE GOES THE HIGHER THE DOLLAR GOES!
IT’S NO SURPRISE TO ME THAT WE SEE THE ROYAL MINT BEGIN TO SELL GOLD HERE AFTER 47 YEARS, SINCE IT IS OVERVALUED COMPARED TO THE DOLLAR! DOLLARS WILL CONTINUE TO RISE AS THIS DEFLATION TRAIN PICKS UP SPEED TO COLLISION!
UNFORTUNATELY, THE MARKETS WILL TAKE TIME TO FIGURE THIS PROBLEM OUT. IRAQ WILL NOT BACK DOWN UNTIL THEY ARE THE NUMBER ONE PRODUCER, WHILE MOST OF THE FRACKERS WILL COME OFF LINE AS WILL OTHER HIGH COST PRODUCERS. THE AIRLINE STOCKS LOVE THIS ENVIRONMENT BECAUSE THEY ARE FLYING HIGH WITH LOWER FUEL COSTS! HEE HEE LOL SORRY, COULD HELP MY SELF ON THAT ONE!
DEMAND AND SUPPLY WILL EVENTUALLY GET SORTED OUT BUT WHEN IT DOES THE LANDSCAPE WILL BE DIFFERENT THAN IT IS NOW!
THERE WILL BE FINANCIAL BLOWUPS! AND CARNAGE IN THE COMING DAYS! THE STOCK MARKETS WILL ALSO BLOW UP SINCE THEY ARE DIRECTLY RELATED TO THE VALUE OF THE DOLLAR AS WELL AS SUPPLY AND DEMAND!
THE STOCK MARKET HAS TWO PROBLEMS, DEMAND IS FALLING AND THE DOLLAR IS DEFLATING! PRICE WILL HAVE TO BE REDISCOVERED SOON!
AISO IN TURN THE CENTRAL BANKS ARE CUTTING INTEREST RATES TO SPUR GROWTH BUT THAT IS NOT WORKING ANY MORE AS WE HAVE SEEN ALREADY IN THE U.S., JAPAN, AND NOW THE E.U.!
JOBLESS CLAIMS ARE NOW BEGINNING TO RISE AS DEMAND BEGINS FALL! JUST WHEN BANKS SHOULD BE RAISING INTEREST RATES, THE E.U. IS CUTTING ALONG WITH SOME OTHER COUNTRIES.
SO HERE IS THE PROBLEM IN THE MAKING, YOU HAVE THE SWISS AND THE U.S. ON A PATH OF RAISING CURRENCY VALUE WHILE THE E.U., JAPAN, AND CHINA ARE LOWERING CURRENCY VALUE TO BECOME MORE COMPETITIVE AND SPUR GROWTH. THE PROBLEM IS IT’S NO LONGER WORKING ANYMORE!
THIS IS LIKE TWO TRAINS RUNNING TOWARD EACH OTHER DOWN THE SAME TRACK AT 70 MPH. IT REMINDS ME OF THE SONG “LONG TRAIN RUNNING” BY THE DOOBIE BROTHERS. EVEN WHEN THEY SEE EACH OTHER THEY WILL NOT BE ABLE TO STOP IN TIME!
THERE IS A CRISIS COMING AS GOLD REMAINS ELEVATED ALONG WITH AN OVERPRICED STOCK MARKET! HOW DO I KNOW THAT? GLAD YOU ASKED! BECAUSE THE NEW NORMAL IN SETTING VALUE HAS CHANGED! STAY WITH ME NOW!
SINCE COUNTRIES ARE VALUED BY ALL ASSETS IN THE GROUND, ABOVE GROUND, GDP. ECT. WE ARE NOW FORCED TO ACCEPT BLACK GOLD AS THE NEW VARIABLE IN THE MIX OF THESE ASSETS! THIS IS SHIFT FROM THE PAST WHERE GOLD DETERMINED THE VALUE OF A COUNTRYS’ WEALTH!
WE ARE JUST NOW IN THE EARLY STAGES OF THIS CONCEPT TAKING HOLD AS WE SEE A BATTLE FOR PRICE ON THE BLACK GOLD! AND THE WINNER IS ? THE ONE THAT HAS THE LOWEST EXTRACTION COST! BINGO! IRAQ! THE WORLD WILL PAINFULLY FIGURE THAT OUT LATER WHEN IT’S TOO LATE! DON’T LET THE DOOR HIT YA WHERE THE LORD SPLIT YA !! BAAA HAAA
SO NOW THAT WE HAVE THAT CONCEPT BEHIND US YOU WILL UNDERSTAND WHY THE LOWER OIL GOES, THE HIGHER THE DOLLAR GOES, BECAUSE THEY ARE INVERSE TO EACH OTHER SINCE THEY ARE BOTH CURRENCIES! HANG WITH ME NOW!
SINCE IRAQ WILL CONTROL THE WORLD MARKET ON OIL AS THEY REACH DOMINANT PRODUCTION LEVELS THEY ESSENTIALLY WILL CONTROL THE PRICE!
IF IRAQ ALLOWS THE PRICE TO GET TOO HIGH THE U.S. CAN KICK IN PRODUCTION TO DROP IT! SO ESSENTIALLY IRAQ CONTROLLING BRENT CRUDE PRICES AND THE U.S. AND CANADA CONTROLLING WTI CRUDE PRICES!
HERE IS THE IMPORTANT THING TO GRASP IMO, SINCE IRAQ IS NOT USING AN INTERNATIONALLY RECOGNIZED CURRENCY AT THE MOMENT. THE DOLLAR IS INVERSELY CORRELATED TO THE PRICE OF BLACK GOLD!
THE LOWER CRUDE GOES THE HIGHER THE DOLLAR GOES!
IT’S NO SURPRISE TO ME THAT WE SEE THE ROYAL MINT BEGIN TO SELL GOLD HERE AFTER 47 YEARS, SINCE IT IS OVERVALUED COMPARED TO THE DOLLAR! DOLLARS WILL CONTINUE TO RISE AS THIS DEFLATION TRAIN PICKS UP SPEED TO COLLISION!
UNFORTUNATELY, THE MARKETS WILL TAKE TIME TO FIGURE THIS PROBLEM OUT. IRAQ WILL NOT BACK DOWN UNTIL THEY ARE THE NUMBER ONE PRODUCER, WHILE MOST OF THE FRACKERS WILL COME OFF LINE AS WILL OTHER HIGH COST PRODUCERS. THE AIRLINE STOCKS LOVE THIS ENVIRONMENT BECAUSE THEY ARE FLYING HIGH WITH LOWER FUEL COSTS! HEE HEE LOL SORRY, COULD HELP MY SELF ON THAT ONE!
DEMAND AND SUPPLY WILL EVENTUALLY GET SORTED OUT BUT WHEN IT DOES THE LANDSCAPE WILL BE DIFFERENT THAN IT IS NOW!
THERE WILL BE FINANCIAL BLOWUPS! AND CARNAGE IN THE COMING DAYS! THE STOCK MARKETS WILL ALSO BLOW UP SINCE THEY ARE DIRECTLY RELATED TO THE VALUE OF THE DOLLAR AS WELL AS SUPPLY AND DEMAND!
THE STOCK MARKET HAS TWO PROBLEMS, DEMAND IS FALLING AND THE DOLLAR IS DEFLATING! PRICE WILL HAVE TO BE REDISCOVERED SOON!
LOOK FOR THESE TWO TRAINS TO PICK UP STEAM TOWARD A COLLISION!
IN THE SONG, THEY TALK ABOUT THE ILLINOIS CENTRAL, AND THE SOUTHERN CENTRAL BREAK. SINCE I’M FROM ILLINOIS I ASSURE YOU, I’LL BE ON THE SOUTHERN CENTRAL BREAK POST RI! LOL
DON’T LOOK AT THESE WORDS AS NEGATIVE OR SCARY, THIS IS SIMPLY ADJUSTMENTS NEEDED FOR A NEW FINANCIAL LANDSCAPE THAT IS COMING! SOME COUNTRIES ARE GOING TO BE HURT WORSE THAN OTHERS! COMPANIES AND INDIVIDUALS WILL BE HURT AS WELL UNLESS THEY ARE PREPARED!
THE CONCEPT OF "FINANCIAL SOCIALISM”, AS IN THE EURO MAY SIMPLY BE AN OUTDATED NOTION BASED ON THE WAY THE IMF VALUES COUNTRIES CURRENCIES NOW! ONLY TIME WILL TELL DESPITE WHAT COUNTRIES SAY NOW. WE WILL SEE WHEN THE CRISIS GETS WORSE!
I LOOK FOR GROWTH TO BE DEFINED BY REAL COMPETITION IN THE NEAR FUTURE! THE GRAVY TRAIN DAYS FOR SOME COUNTRIES MAY BE COMING TO AN END! THE SHARE THE WEALTH CONCEPT SIMPLY BRINGS ALL DOWN AS WE SAW IN THE OLD SOVIET UNION!
THE CONCEPT OF VALUE IS BEING REDEFINED BY THE US DOLLAR AND IRAQI BLACK GOLD! THESE TWO ARE AT TRUE PARITY IN THE NEW NORMAL!
THE ECONOMY TRAIN WILL "KEEP ON MOVING”, JUST LIKE IN THE SONG. THE ONLY QUESTION IS, WHERE WILL YOU BE WHEN YOU GET OFF ?
8@8, DOC
IMO
IN THE SONG, THEY TALK ABOUT THE ILLINOIS CENTRAL, AND THE SOUTHERN CENTRAL BREAK. SINCE I’M FROM ILLINOIS I ASSURE YOU, I’LL BE ON THE SOUTHERN CENTRAL BREAK POST RI! LOL
DON’T LOOK AT THESE WORDS AS NEGATIVE OR SCARY, THIS IS SIMPLY ADJUSTMENTS NEEDED FOR A NEW FINANCIAL LANDSCAPE THAT IS COMING! SOME COUNTRIES ARE GOING TO BE HURT WORSE THAN OTHERS! COMPANIES AND INDIVIDUALS WILL BE HURT AS WELL UNLESS THEY ARE PREPARED!
THE CONCEPT OF "FINANCIAL SOCIALISM”, AS IN THE EURO MAY SIMPLY BE AN OUTDATED NOTION BASED ON THE WAY THE IMF VALUES COUNTRIES CURRENCIES NOW! ONLY TIME WILL TELL DESPITE WHAT COUNTRIES SAY NOW. WE WILL SEE WHEN THE CRISIS GETS WORSE!
I LOOK FOR GROWTH TO BE DEFINED BY REAL COMPETITION IN THE NEAR FUTURE! THE GRAVY TRAIN DAYS FOR SOME COUNTRIES MAY BE COMING TO AN END! THE SHARE THE WEALTH CONCEPT SIMPLY BRINGS ALL DOWN AS WE SAW IN THE OLD SOVIET UNION!
THE CONCEPT OF VALUE IS BEING REDEFINED BY THE US DOLLAR AND IRAQI BLACK GOLD! THESE TWO ARE AT TRUE PARITY IN THE NEW NORMAL!
THE ECONOMY TRAIN WILL "KEEP ON MOVING”, JUST LIKE IN THE SONG. THE ONLY QUESTION IS, WHERE WILL YOU BE WHEN YOU GET OFF ?
8@8, DOC
IMO
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Late Thursday Night Jester Chat: "Russia, China and More"
Jester's Place:
[Jester] HI MODS, MODS, MODS, AND CRITTERS.... HAHAHAHAHA
[Jester] DAYS ARE GETTING LONGER AND NIGHTS ARE GETTING COLDER... HAHAHAHA
[chasen] jester is that a song?
[Jester] chasen I DUNNO... PROBABLY... THEY GOT SONGS ABOUT MOST THINGS... HAHAHAHA
[dinarrocks] Jester Went back and read your 1/12/15 post and it does a VERY GOOD job of explaining the "oil credits" and the Republic. Very well written. Have even printed it out for future use.
[Jester] dinarrocks WELL GOOD... IF I EVER FIGURE OUT HOW TO DO IT THAT IS THE INTRO POST FOR NEW PEEPS ON THE INSIDER.... HAHAHAHA
....
[Jester] HI MODS, MODS, MODS, AND CRITTERS.... HAHAHAHAHA
[Jester] DAYS ARE GETTING LONGER AND NIGHTS ARE GETTING COLDER... HAHAHAHA
[chasen] jester is that a song?
[Jester] chasen I DUNNO... PROBABLY... THEY GOT SONGS ABOUT MOST THINGS... HAHAHAHA
[dinarrocks] Jester Went back and read your 1/12/15 post and it does a VERY GOOD job of explaining the "oil credits" and the Republic. Very well written. Have even printed it out for future use.
[Jester] dinarrocks WELL GOOD... IF I EVER FIGURE OUT HOW TO DO IT THAT IS THE INTRO POST FOR NEW PEEPS ON THE INSIDER.... HAHAHAHA
....
[10-4] Jester will there be Q&A tonight?
[Jester] 10-4 I AM JUST MESSING AROUND WAITING FOR ANYONE THAT HAS ONE... HAHAHAHA
[10-4] OK here goes What is your take on the Republics? Constitutional Republic or Ham's Republic?
[Jester] 10-4 I BELIEVE IT WILL BE A CONSTITUTIONAL REPUBLIC WHEN THEY GET ALL IT ALL STRAIGHTENED OUT... WILL TAKE SOME TIME TO UNDO ALL THE LEGISLATION THAT GOT US INTO THE STATE WE ARE IN... AND I DO BELIEVE IT WILL TAKE SOME TIME...
IF THERE IS A TEMPORARY ARRANGEMENT THEN THAT IS FINE BUT IT WILL BE UNDONE 'LEGAL' LIKE JUST LIKE IT WAS DONE... EVEN THOUGH A LOT OF THE THINGS THAT WERE DONE ARE UNCONSTITUTIONAL THEY WERE STILL DONE WITH EVERYONE'S APPROVAL AND WILL HAVE TO BE UNDONE THE SAME WAY...
I THINK THAT IS PART OF THE PLAN AND THAT IS WHY IT LOOKS LIKE NOTHING IS HAPPENING...
[chasen] jester might that look like court challenges to existing codes and statutes on constitutionality?
[Jester] chasen I SUPPOSE SO... OR STATES GETTING ON WITH THINGS ON THEIR OWN... LIKE MAKING GOLD AND SILVER LEGAL TENDER IN THEIR STATES... WHICH IS HAPPENING HERE AND THERE NOW...
[10-4] Thank you As I understand the Constitutional Republic has paperwork into the World court at the Hague, the UN and the US. Do not know where Ham is in all of this
[Jester] 10-4 WELL THE REPORTS ON THAT CONTINUE TO BE LESS THAN ACCURATE... I HEAR IT... BUT NOTHING I HEAR EVER MATERIALIZES... SO I PUT IT ON THE SHELF NEXT TO THE DYNAMITE BOOK...
[Jester] THE LAST I HEARD THE STATE OF THE UNION WAS SUPPOSED TO BE POSTPONED 2 HOURS BEFORE AND THIS AND THAT AND THE OTHER THING...
[Jester] STUPID IDIOTS MADE ME TURN THE CHANNEL TO THAT TO SEE... DIDN'T HAPPEN... SAW O THERE THOUGH... (SIGH)
[Jester] MY BS-O-METER IS THE HIGH SENSITIVITY MODEL THAT CALLS BS AFTER A FEW TIMES I AM PROMISED DON'T HAPPEN... HAHAHAHA
***********
[Jester] Russia criticizes American exceptionalism speech of Obama
[Jester] YA THINK?
[TxBikerLady] Jester I agree w Russia lol
[Jester] A day after US President Barack Obama’s state of the union address, Russian Foreign Minister Sergei Lavrov slammed Washington for embarking on a path of confrontation with Moscow.
[Jester] “Following the United States’ actions, a mood of confrontation has prevailed in the North Atlantic alliance. It has made an absolutely politicized decision on suspending cooperation on military and civilian matters. Effectively, all the projects have been frozen,” Lavrov said in an annual press conference in Moscow on Wednesday.
[Jester] “This is not Russia’s choice and Moscow does not want and would not allow a new Cold War,” the minister stressed.
[Jester] Lavrov said Russia and the US “carry great responsibility” in the “world arena” and must work together.
[Jester] “The Americans have taken a path of confrontation, completely and uncritically assessing their own steps, and President Obama’s speech yesterday shows that there is only one in the center of [his] philosophy: We are Number One. And everyone else just needs to understand that,” Lavrov said during the televised press conference.
[Jester] HE HAS O PEGGED IF NOTHING ELSE...
[chasen] jester They better slam us financially before we strike first.
[Jester] chasen I WOULD NOT TAKE THAT ROAD... IN REVELATIONS IT IS TOLD THEY ALL GANG UP AND KICK OUR BUTTS... KEEP THAT IN MIND...
[Jester] “Western attempts to isolate Russia have been futile,” said the diplomat adding that Russia “consistently works on deeper cooperation within BRICS”.
[Jester] “We hear a lot of statements from our western partners about the need to isolate Russia. President [of the United States Barack] Obama thought it was appropriate to say almost the same during his address to the nation yesterday. All these attempts will yield no results,” the Russian Foreign Minister said.
[Jester] Obama had during his “State of the Union Address 2015″ said US support for Ukraine was a show of American strength and that Washington had successfully managed to “isolate Russia”. “Well, today, it is America that stands strong and united with our allies, while Russia is isolated, with its economy in tatters,” Obama said.
[Jester] OK DONE WITH THAT... HERE IS THE REST... http://ift.tt/1EB1ZxP
**********
[Jester] China trumping US leadership in Asia: Obama
[Jester] US President Barack Obama said on Tuesday that China poses a threat to America’s mantle of economic leadership.
[Jester] YA THINK? HAHAHAHA
[Jester] In his State of the Union address on Tuesday, Obama said China must not be allowed to write trade rules for Asia. Obama was referring to China’s regional FTA talks, the RCEP, as well as the mammoth China-backed Asia-Pacific FTA negotiations that was launched in November last year at the APEC summit.
[Jester] “But as we speak, China wants to write the rules for the world’s fastest-growing region. That would put our workers and businesses at a disadvantage. Why would we let that happen? We should write those rules. We should level the playing field. That’s why I’m asking both parties to give me trade promotion authority to protect American workers, with strong new trade deals from Asia to Europe that aren’t just free, but fair,” said Obama.
[Jester] A Wall Street Journal report had said the US was trying to block China’s efforts at introducing the Asia Pacific FTA negotiations.
[Jester] WHY IS IT THE US HAS TO BE INVOLVED IN EVERRRRYYYY TTTHHHINNNNGGGG...
[Jester] The China-backed Asia Pacific FTA, if implemented, will add an estimated $2.4 trillion to the global economy, says a new survey by Pacific Economic Cooperation Council (PECC).
[Jester] NOW WHO IN THE HECK WOULD BE AGAINST THAT? THAT IS TREMENDOUS...
[Jester] The survey also said the US-led TPP trade pact, when completed, will add about $223 billion and the China-led Regional Comprehensive Economic Partnership (RCEP) about $644 billion.
[Jester] NOT AS MUCH BUT NOT BAD...
[Jester] HA! HERE COMES PUTIN...
[Jester] Russian President Vladimir Putin has said Moscow will also support China’s push for a road map on the Asia Pacific FTA.
[Jester] “Obviously, the Trans-Pacific Partnership is just another U.S. attempt to build an architecture of regional economic cooperation that the USA would benefit from. At the same time, I believe that the absence of two major regional players such as Russia and China in its composition will not promote the establishment of effective trade and economic cooperation,” said Putin in November last year.
[Jester] Meanwhile, China and India are not included in the US-led TPP trade pact.
[Jester] NOW... ASK YOURSELF WHY NOT? BECAUSE THEY CERTAINLY COULD HELP THE WHOLE THING IF THEY WERE... GO FIGURE...
[Jester] NOT HARD TO PUZZLE THAT ONE OUT...
[Jester] OK YOU GET THE PICTURE... I AM DONE... HERE IT THE REST... http://ift.tt/1BQzfmj
[Jester] SO.... WHO'S QUESTION WAS THAT? DID THAT DO IT FOR YOU? HAHAHAHA
[Jester] DON'T LOOK SO DOWN EVERYONE... THINGS ARE GOING ACCORDING TO PLAN THE WAY I SEE IT...
[Jester] 10-4 I AM JUST MESSING AROUND WAITING FOR ANYONE THAT HAS ONE... HAHAHAHA
[10-4] OK here goes What is your take on the Republics? Constitutional Republic or Ham's Republic?
[Jester] 10-4 I BELIEVE IT WILL BE A CONSTITUTIONAL REPUBLIC WHEN THEY GET ALL IT ALL STRAIGHTENED OUT... WILL TAKE SOME TIME TO UNDO ALL THE LEGISLATION THAT GOT US INTO THE STATE WE ARE IN... AND I DO BELIEVE IT WILL TAKE SOME TIME...
IF THERE IS A TEMPORARY ARRANGEMENT THEN THAT IS FINE BUT IT WILL BE UNDONE 'LEGAL' LIKE JUST LIKE IT WAS DONE... EVEN THOUGH A LOT OF THE THINGS THAT WERE DONE ARE UNCONSTITUTIONAL THEY WERE STILL DONE WITH EVERYONE'S APPROVAL AND WILL HAVE TO BE UNDONE THE SAME WAY...
I THINK THAT IS PART OF THE PLAN AND THAT IS WHY IT LOOKS LIKE NOTHING IS HAPPENING...
[chasen] jester might that look like court challenges to existing codes and statutes on constitutionality?
[Jester] chasen I SUPPOSE SO... OR STATES GETTING ON WITH THINGS ON THEIR OWN... LIKE MAKING GOLD AND SILVER LEGAL TENDER IN THEIR STATES... WHICH IS HAPPENING HERE AND THERE NOW...
[10-4] Thank you As I understand the Constitutional Republic has paperwork into the World court at the Hague, the UN and the US. Do not know where Ham is in all of this
[Jester] 10-4 WELL THE REPORTS ON THAT CONTINUE TO BE LESS THAN ACCURATE... I HEAR IT... BUT NOTHING I HEAR EVER MATERIALIZES... SO I PUT IT ON THE SHELF NEXT TO THE DYNAMITE BOOK...
[Jester] THE LAST I HEARD THE STATE OF THE UNION WAS SUPPOSED TO BE POSTPONED 2 HOURS BEFORE AND THIS AND THAT AND THE OTHER THING...
[Jester] STUPID IDIOTS MADE ME TURN THE CHANNEL TO THAT TO SEE... DIDN'T HAPPEN... SAW O THERE THOUGH... (SIGH)
[Jester] MY BS-O-METER IS THE HIGH SENSITIVITY MODEL THAT CALLS BS AFTER A FEW TIMES I AM PROMISED DON'T HAPPEN... HAHAHAHA
***********
[Jester] Russia criticizes American exceptionalism speech of Obama
[Jester] YA THINK?
[TxBikerLady] Jester I agree w Russia lol
[Jester] A day after US President Barack Obama’s state of the union address, Russian Foreign Minister Sergei Lavrov slammed Washington for embarking on a path of confrontation with Moscow.
[Jester] “Following the United States’ actions, a mood of confrontation has prevailed in the North Atlantic alliance. It has made an absolutely politicized decision on suspending cooperation on military and civilian matters. Effectively, all the projects have been frozen,” Lavrov said in an annual press conference in Moscow on Wednesday.
[Jester] “This is not Russia’s choice and Moscow does not want and would not allow a new Cold War,” the minister stressed.
[Jester] Lavrov said Russia and the US “carry great responsibility” in the “world arena” and must work together.
[Jester] “The Americans have taken a path of confrontation, completely and uncritically assessing their own steps, and President Obama’s speech yesterday shows that there is only one in the center of [his] philosophy: We are Number One. And everyone else just needs to understand that,” Lavrov said during the televised press conference.
[Jester] HE HAS O PEGGED IF NOTHING ELSE...
[chasen] jester They better slam us financially before we strike first.
[Jester] chasen I WOULD NOT TAKE THAT ROAD... IN REVELATIONS IT IS TOLD THEY ALL GANG UP AND KICK OUR BUTTS... KEEP THAT IN MIND...
[Jester] “Western attempts to isolate Russia have been futile,” said the diplomat adding that Russia “consistently works on deeper cooperation within BRICS”.
[Jester] “We hear a lot of statements from our western partners about the need to isolate Russia. President [of the United States Barack] Obama thought it was appropriate to say almost the same during his address to the nation yesterday. All these attempts will yield no results,” the Russian Foreign Minister said.
[Jester] Obama had during his “State of the Union Address 2015″ said US support for Ukraine was a show of American strength and that Washington had successfully managed to “isolate Russia”. “Well, today, it is America that stands strong and united with our allies, while Russia is isolated, with its economy in tatters,” Obama said.
[Jester] OK DONE WITH THAT... HERE IS THE REST... http://ift.tt/1EB1ZxP
**********
[Jester] China trumping US leadership in Asia: Obama
[Jester] US President Barack Obama said on Tuesday that China poses a threat to America’s mantle of economic leadership.
[Jester] YA THINK? HAHAHAHA
[Jester] In his State of the Union address on Tuesday, Obama said China must not be allowed to write trade rules for Asia. Obama was referring to China’s regional FTA talks, the RCEP, as well as the mammoth China-backed Asia-Pacific FTA negotiations that was launched in November last year at the APEC summit.
[Jester] “But as we speak, China wants to write the rules for the world’s fastest-growing region. That would put our workers and businesses at a disadvantage. Why would we let that happen? We should write those rules. We should level the playing field. That’s why I’m asking both parties to give me trade promotion authority to protect American workers, with strong new trade deals from Asia to Europe that aren’t just free, but fair,” said Obama.
[Jester] A Wall Street Journal report had said the US was trying to block China’s efforts at introducing the Asia Pacific FTA negotiations.
[Jester] WHY IS IT THE US HAS TO BE INVOLVED IN EVERRRRYYYY TTTHHHINNNNGGGG...
[Jester] The China-backed Asia Pacific FTA, if implemented, will add an estimated $2.4 trillion to the global economy, says a new survey by Pacific Economic Cooperation Council (PECC).
[Jester] NOW WHO IN THE HECK WOULD BE AGAINST THAT? THAT IS TREMENDOUS...
[Jester] The survey also said the US-led TPP trade pact, when completed, will add about $223 billion and the China-led Regional Comprehensive Economic Partnership (RCEP) about $644 billion.
[Jester] NOT AS MUCH BUT NOT BAD...
[Jester] HA! HERE COMES PUTIN...
[Jester] Russian President Vladimir Putin has said Moscow will also support China’s push for a road map on the Asia Pacific FTA.
[Jester] “Obviously, the Trans-Pacific Partnership is just another U.S. attempt to build an architecture of regional economic cooperation that the USA would benefit from. At the same time, I believe that the absence of two major regional players such as Russia and China in its composition will not promote the establishment of effective trade and economic cooperation,” said Putin in November last year.
[Jester] Meanwhile, China and India are not included in the US-led TPP trade pact.
[Jester] NOW... ASK YOURSELF WHY NOT? BECAUSE THEY CERTAINLY COULD HELP THE WHOLE THING IF THEY WERE... GO FIGURE...
[Jester] NOT HARD TO PUZZLE THAT ONE OUT...
[Jester] OK YOU GET THE PICTURE... I AM DONE... HERE IT THE REST... http://ift.tt/1BQzfmj
[Jester] SO.... WHO'S QUESTION WAS THAT? DID THAT DO IT FOR YOU? HAHAHAHA
[Jester] DON'T LOOK SO DOWN EVERYONE... THINGS ARE GOING ACCORDING TO PLAN THE WAY I SEE IT...
[dinarrocks] Jester Is there any truth that the FED is bankrupt, and if so, when would it be rendered insolvent? Have seen where they made 1/2 payment but can't make the rest?
[Jester] dinarrocks CAN'T SEE HOW... THEY WOULD JUST PRINT MORE MONEY TO COVER THE DEBT... THAT IS WHAT HAS BEEN GOING ON ALL ALONG... TO GO BANKRUPT YOU RUN OUT OF MONEY AND DON'T PAY YOUR BILLS AND YOU BANKRUPT TO STOP THE BLEEDING... IF YOU CAN PRINT MONEY AT WILL DO YOU THINK YOU WOULD BE BANKRUPT?
[dinarrocks] SO, what is to keep them from just continuing this cycle?
[Jester] dinarrocks THE CRASH OF THE DOLLAR...
[Jester] LET ME ASK YOU GUYS SOMETHING... TURNING ON THE WAY BACK MACHINE A SECOND...
[Jester] THE EASY WAY... THE GOVERNMENT PLAYS NICE WITH EVERYONE ELSE IN THE WORLD AND MAKES A PLAN TO RESET AND START OVER WITH ASSET BACKED CURRENCIES...
[Jester] BY VIRTUE OF HAVING BROKEN THE PACT... THE US SAID... THE HECK WITH YOU GUYS (THE REST OF THE WORLD)...
[Jester] PLAN B... THE REST OF THE WORLD SAYS... OK... HAVE IT YOUR WAY... AND NOW THEY ARE WORKING AROUND THE PROBLEM...
[ModelWoman] Jester Could the US still pull it back to Plan A at this point?
[dinarrocks] SO, the rest of the world stops using the dollar (reserve), and it crashes... then what?
[Jester] IT IS WHAT IT IS... NOW THE CARDS ARE DEALT AND WE WILL SEE IF IT CAN GET DONE THAT WAY... THE END RESULT IS THE SAME... AND AT ANY POINT THE US HAS THE TEMERITY TO BACK UP AND SAY.... OOPS WE MESSED UP... OUR BAD... THEN IT MIGHT STILL WORK OUT... BUT I AM NOT SEEING IT HEADING THAT DIRECTION RIGHT NOW...
[Jester] ModelWoman HAHAHA... THERE YA GO...
[dinarrocks] It comes back as an asset-based currency?
[Jester] dinarrocks THAT IS THE HOPE... THE QUESTION IS HOW MUCH NARCISSISM CAN ONE COUNTRY ACTUALLY POSSESS...
[MotoXR] jester Its almost as if the dared them to do it thinking they couldn't or wouldn't imo
[Jester] MotoXR OUR COUNTRY DOES NOT HAVE THE FRIENDS IT THINKS IT DOES... IT IS A SINKING SHIP AND EVERYONE KNOWS IT... THE US THINKS EVERYONE WILL STAY IN THE BOAT AND KEEP BAILING... BUT WE ARE SEEING THAT SOME ARE ALREADY CHANGING TO LIFE RAFTS...
[Jester] AND YOU ARE SEEING THAT OTHERS... CHINA AND RUSSIA ARE FISHING THEM OUT OF THE WATER...
[MotoXR] Jester Very happy about that!!
[Jester] OKAY... OUT OF TIME.... I AM TYPING AS FAST AS I CAN... HAHAHAHA....
[Jester] SEE YOU TOMORROW...
.
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Thursday, January 22, 2015
Wednesday, January 21, 2015
Who Will Benefit From The Weaker Dong?
Who Will Benefit From The Weaker Dong?
On January 7 the inter-bank exchange rate was adjusted by 1 per cent following the central bank's action, reducing the daily reference rate from VND21,246 to VND21,458 to the dollar. — Photo laodong
Compiled by Thien Ly
A new year has come, bringing with it some good news for exporters : the State Bank of Viet Nam has decided to depreciate the dong by 1 per cent.
On January 7 the inter-bank exchange rate was adjusted by 1 per cent following the central bank's action, reducing the daily reference rate from VND21,246 to VND21,458 to the dollar.
~~~
On January 7 the inter-bank exchange rate was adjusted by 1 per cent following the central bank's action, reducing the daily reference rate from VND21,246 to VND21,458 to the dollar. — Photo laodong
Compiled by Thien Ly
A new year has come, bringing with it some good news for exporters : the State Bank of Viet Nam has decided to depreciate the dong by 1 per cent.
On January 7 the inter-bank exchange rate was adjusted by 1 per cent following the central bank's action, reducing the daily reference rate from VND21,246 to VND21,458 to the dollar.
~~~
Many banks have since changed their exchange rates. Eximbank adjusted it to VND21,430-21,480 on the same afternoon, weaker by VND27 from the previous day. Vietcombank fixed it at VND21,450-21,515 VND110 weaker than the previous day and around VND35 more than other banks' rates. |  |
On the HCM City free market, the greenback has surged to VND21,560-21,630.
The central bank has justified its decision to tweak the rate by saying it would help steady the market in the face of volatility at home and abroad.
Analysts said the move was also aimed at encouraging exports.
The country's exports rose to US$150 billion last year turning the balance of trade into a $2 billion surplus.
But the analysts said that the rate adjustment would mainly benefit foreign-owned firms since they are the most successful exporters.
Domestic exporters are mainly in the agricultural and seafood sectors, but with the economic situation still to ease, their exports remain modest.
Besides, some of their products are processed mainly using imports whose prices will now rise as the dong fetches fewer dollars.
Some economists have warned that the country would also have to suffer from higher costs when it repays foreign debts.
For domestic consumers, a costlier dollar would cause the prices of many goods to rise since they are imported or use imported raw materials.
The analysts warned that businesses have to be cautious in hiking prices because of the intense competition in the market and the continuing sluggish consumer demand.
However, those selling goods produced domestically will be beneficiaries.
Central bank boost
The central bank's recent Circular No.36/2014/TT-NHNN allows banks to own shares in a maximum of two other credit organizations with the holding in each not exceeding 5 per cent.
Exceptions are allowed only when a bank buys shares to support the restructure of a weak bank and has the expressed approval of the State Bank of Viet Nam.
The central bank's new regulations are aimed at limiting cross-ownership of credit organisations, including banks, which is considered one of the most pressing problems for the Vietnamese banking system and allowed manipulation by some banks in recent times.
The circular is also expected to help accelerate the second phase of the banking sector's restructuring process. According to a restructuring plan, by 2017 the number of banks in the country would be reduced to just 20 from nearly 40 now, many of them becoming large, highly competitive and of international standards.
Now many banks own more than 5 per cent of other banks while holding stakes in four or five other credit organisations is not uncommon.
Vietcombank, for instance, owns shares in five credit organisations – MB, OCB, Eximbank, Saigonbank, and Cement Finance Joint Stock Company — according to Dau Tu (Investment) newspaper.
Its stakes in these credit organisations mostly exceeded 5 per cent.
Similarly, Techcombank has a 10 per cent stake in Viet Nam Chemical Finance JSC while Maritime Bank has a 9.9 per cent stake in MB, 10.2 per cent in MDB and 11 per cent in Textile and Garment Finance JSC.
To bring their ownership levels within the prescribed norms, most of the banks have opted to take the M&A (mergers and acquisitions) route and are ready with their plans.
Vietcombank, for instance, recently announced plans to acquire Saigonbank in which its holding now is 8.2 per cent.
BIDV is set to merge with a small, weak bank, while Vietinbank plans to buy out PGBank.
A central bank source also revealed that approval has been given in principle for the mergers of Southern Bank with Sacombank and Mekong Bank with Maritime Bank.
Analysts have said that while tightening cross-ownership norms is essential, the banks need to be given a clear and unambiguous roadmap for acquiring or selling stakes.
The central bank has justified its decision to tweak the rate by saying it would help steady the market in the face of volatility at home and abroad.
Analysts said the move was also aimed at encouraging exports.
The country's exports rose to US$150 billion last year turning the balance of trade into a $2 billion surplus.
But the analysts said that the rate adjustment would mainly benefit foreign-owned firms since they are the most successful exporters.
Domestic exporters are mainly in the agricultural and seafood sectors, but with the economic situation still to ease, their exports remain modest.
Besides, some of their products are processed mainly using imports whose prices will now rise as the dong fetches fewer dollars.
Some economists have warned that the country would also have to suffer from higher costs when it repays foreign debts.
For domestic consumers, a costlier dollar would cause the prices of many goods to rise since they are imported or use imported raw materials.
The analysts warned that businesses have to be cautious in hiking prices because of the intense competition in the market and the continuing sluggish consumer demand.
However, those selling goods produced domestically will be beneficiaries.
Central bank boost
The central bank's recent Circular No.36/2014/TT-NHNN allows banks to own shares in a maximum of two other credit organizations with the holding in each not exceeding 5 per cent.
Exceptions are allowed only when a bank buys shares to support the restructure of a weak bank and has the expressed approval of the State Bank of Viet Nam.
The central bank's new regulations are aimed at limiting cross-ownership of credit organisations, including banks, which is considered one of the most pressing problems for the Vietnamese banking system and allowed manipulation by some banks in recent times.
The circular is also expected to help accelerate the second phase of the banking sector's restructuring process. According to a restructuring plan, by 2017 the number of banks in the country would be reduced to just 20 from nearly 40 now, many of them becoming large, highly competitive and of international standards.
Now many banks own more than 5 per cent of other banks while holding stakes in four or five other credit organisations is not uncommon.
Vietcombank, for instance, owns shares in five credit organisations – MB, OCB, Eximbank, Saigonbank, and Cement Finance Joint Stock Company — according to Dau Tu (Investment) newspaper.
Its stakes in these credit organisations mostly exceeded 5 per cent.
Similarly, Techcombank has a 10 per cent stake in Viet Nam Chemical Finance JSC while Maritime Bank has a 9.9 per cent stake in MB, 10.2 per cent in MDB and 11 per cent in Textile and Garment Finance JSC.
To bring their ownership levels within the prescribed norms, most of the banks have opted to take the M&A (mergers and acquisitions) route and are ready with their plans.
Vietcombank, for instance, recently announced plans to acquire Saigonbank in which its holding now is 8.2 per cent.
BIDV is set to merge with a small, weak bank, while Vietinbank plans to buy out PGBank.
A central bank source also revealed that approval has been given in principle for the mergers of Southern Bank with Sacombank and Mekong Bank with Maritime Bank.
Analysts have said that while tightening cross-ownership norms is essential, the banks need to be given a clear and unambiguous roadmap for acquiring or selling stakes.
Bond issuance
At a recent meeting the Ministry of Finance revealed that it would have to raise an estimated VND85 trillion (over US$4 billion) in 2015 through issuance of government bonds.
But ministry insiders are apprehensive since they foresee several hurdles to implementing the scheme.
Banks have for years been the biggest buyers of government bonds, holding 80 per cent of all bonds, but may have to ease off now due to the looming possibility of strong credit growth.
After dawdling for the best part of last year, banks' credit growth rose sharply in the latter part and is expected to finish 2014 at an estimated 12-14 per cent.
The very low levels of inflation now – there has even been deflation in the last month or two – and plunging interest rates are expected to allow banks to substantially increase lending in the coming time.
In this context, it will have to be seen how much money they have to buy government bonds.
Another obstacle facing the finance ministry's fund-raising plan is that bond investors have become more cautious because of new regulations in the State Bank of Viet Nam's Circular 36/2014 and the National Assembly's Resolution 78/2014/ND-CP on the 2015 budget estimates.
The Government can only issue bonds with maturities of five years or longer, cannot take short-term loans to bridge budget deficits and have to reduce borrowing for repaying old debts.
The finance ministry is therefore studying the possibility of issuing dollar-denominated bonds worth $1 billion for 10 years on the international market if it can find demand there.
The ministry's plan follows the issuance of $1 billion worth of international bonds last year.
Besides raising funds, the ministry will also tighten the purse strings for infrastructure works, giving priority to projects that have already been completed or will be completed this year. — VNS
http://ift.tt/1CbXXwn
At a recent meeting the Ministry of Finance revealed that it would have to raise an estimated VND85 trillion (over US$4 billion) in 2015 through issuance of government bonds.
But ministry insiders are apprehensive since they foresee several hurdles to implementing the scheme.
Banks have for years been the biggest buyers of government bonds, holding 80 per cent of all bonds, but may have to ease off now due to the looming possibility of strong credit growth.
After dawdling for the best part of last year, banks' credit growth rose sharply in the latter part and is expected to finish 2014 at an estimated 12-14 per cent.
The very low levels of inflation now – there has even been deflation in the last month or two – and plunging interest rates are expected to allow banks to substantially increase lending in the coming time.
In this context, it will have to be seen how much money they have to buy government bonds.
Another obstacle facing the finance ministry's fund-raising plan is that bond investors have become more cautious because of new regulations in the State Bank of Viet Nam's Circular 36/2014 and the National Assembly's Resolution 78/2014/ND-CP on the 2015 budget estimates.
The Government can only issue bonds with maturities of five years or longer, cannot take short-term loans to bridge budget deficits and have to reduce borrowing for repaying old debts.
The finance ministry is therefore studying the possibility of issuing dollar-denominated bonds worth $1 billion for 10 years on the international market if it can find demand there.
The ministry's plan follows the issuance of $1 billion worth of international bonds last year.
Besides raising funds, the ministry will also tighten the purse strings for infrastructure works, giving priority to projects that have already been completed or will be completed this year. — VNS
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Dong Depreciation Increases Vietnam's Foreign Debt
Dong Depreciation Increases Vietnam’s Foreign Debt
VietNamNet Bridge – The latest decision by the State Bank of Vietnam (SBV) will put pressure on Vietnam’s foreign debt payments in 2015, analysts have said.
The latest report by the Ministry of Finance showed that the public debt had reached VND2.395.488 trillion by December 31, 2014, equal to 60.3 percent of GDP. Of this, foreign debts are equal to 39.9 percent of GDP.
The foreign debts are estimated at $73 billion if noting that the GDP is $183 billion. As the dong has been devalued by one percent, Vietnam will have to pay VND15 trillion more to pay debts.
~~~
VietNamNet Bridge – The latest decision by the State Bank of Vietnam (SBV) will put pressure on Vietnam’s foreign debt payments in 2015, analysts have said.
The latest report by the Ministry of Finance showed that the public debt had reached VND2.395.488 trillion by December 31, 2014, equal to 60.3 percent of GDP. Of this, foreign debts are equal to 39.9 percent of GDP.
The foreign debts are estimated at $73 billion if noting that the GDP is $183 billion. As the dong has been devalued by one percent, Vietnam will have to pay VND15 trillion more to pay debts.
~~~
Pham Hong Hai, CEO of the Hong Kong and Shanghai Banking Corporation (HSBC), said in principle, the 1 percent depreciation of the dong will increase the public debt. However, the impact will not be too harsh because most of the foreign debt is long term, which means that the influence will be divided over many years. He went on to say that the most important thing Vietnam needs to do is to use loans in the most effective way to ensure profits |  |
. That is, the benefits to be obtained from the loans must be higher than the borrowing costs, which include the cost of the exchange rate fluctuations.
MOF, in its report, also warned about challenges for Vietnam in terms of less ODA (official development assistance).
Vietnam is now considered a lower middle-income country compared to the past when it was classified as a low-income country, enabling it to access ODA loans at preferential interest rates.
However, interest rates required by donors have increased. The average interest rate of the World Bank’s loans, for example, has increased from zero percent to 1.25 percent.
This means that the debt burden on the government will be heavier not only because of the dong/dollar exchange rate adjustment, but also because of the higher interest rate.
According to MOF, foreign debts now account for 50 percent of the total government’s debts. And in the case of negative exchange-rate fluctuations, the government’s debts and debt payment obligations will increase accordingly.
MOF, in its report, also warned about challenges for Vietnam in terms of less ODA (official development assistance).
Vietnam is now considered a lower middle-income country compared to the past when it was classified as a low-income country, enabling it to access ODA loans at preferential interest rates.
However, interest rates required by donors have increased. The average interest rate of the World Bank’s loans, for example, has increased from zero percent to 1.25 percent.
This means that the debt burden on the government will be heavier not only because of the dong/dollar exchange rate adjustment, but also because of the higher interest rate.
According to MOF, foreign debts now account for 50 percent of the total government’s debts. And in the case of negative exchange-rate fluctuations, the government’s debts and debt payment obligations will increase accordingly.
Also, according to the report, most of the sovereign debts are from ODA and preferential loans from donors which have low interest rates and capital costs. The average interest rate is 1.6 percent per annum and the average lending term is 20 years.
In addition, mobilizing capital in the international market through government bond issuance has become an important credit channel.
Vietnam, in late November 2014, successfully issued $1 billion worth of 10-year bonds at the interest rate of 4.8 percent. This was done to get money to pay for bonds the government issued in 2005 and 2010 at the interest rate of 6.8 percent.
http://ift.tt/14ZVb0S
In addition, mobilizing capital in the international market through government bond issuance has become an important credit channel.
Vietnam, in late November 2014, successfully issued $1 billion worth of 10-year bonds at the interest rate of 4.8 percent. This was done to get money to pay for bonds the government issued in 2005 and 2010 at the interest rate of 6.8 percent.
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Tuesday, January 20, 2015
Monday, January 19, 2015
Half Of Global Wealth Held By The 1%
(Thank you EW for sending this to Dinar Recaps.)
http://ift.tt/1ulhz00
New Oxfam Report Says Half Of Global Wealth Held By The 1%
By Larry Elliott, economics editor, and Ed Pilkington
Oxfam warns of widening inequality gap, days ahead of Davos economic summit in Switzerland
Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%.
Ahead of this week’s annual meeting of the World Economic Forum in the ski resort of Davos, the anti-poverty charity Oxfam said it would use its high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor.
~~~
http://ift.tt/1ulhz00
New Oxfam Report Says Half Of Global Wealth Held By The 1%
By Larry Elliott, economics editor, and Ed Pilkington
Oxfam warns of widening inequality gap, days ahead of Davos economic summit in Switzerland
Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%.
Ahead of this week’s annual meeting of the World Economic Forum in the ski resort of Davos, the anti-poverty charity Oxfam said it would use its high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor.
~~~
The Swiss ski resort of Davos, home to the annual meeting of the World Economic Forum. Photograph: Christian Kober/Robert Hardi/REX
The charity’s research, published on Monday, shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%.
Oxfam added that on current trends the richest 1% would own more than 50% of the world’s wealth by 2016.
Winnie Byanyima, executive director of Oxfam International and one of the six co-chairs at this year’s WEF, said the increased concentration of wealth seen since the deep recession of 2008-09 was dangerous and needed to be reversed.
In an interview with the Guardian, Byanyima said: “We want to bring a message from the people in the poorest countries in the world to the forum of the most powerful business and political leaders.
“The message is that rising inequality is dangerous. It’s bad for growth and it’s bad for governance. We see a concentration of wealth capturing power and leaving ordinary people voiceless and their interests uncared for.”
Oxfam made headlines at Davos last year with a study showing that the 85 richest people on the planet have the same wealth as the poorest 50% (3.5 billion people). The charity said this year that the comparison was now even more stark, with just 80 people owning the same amount of wealth as more than 3.5 billion people, down from 388 in 2010.
Byanyima said: “Do we really want to live in a world where the 1% own more than the rest of us combined? The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast.”
The charity’s research, published on Monday, shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%.
Oxfam added that on current trends the richest 1% would own more than 50% of the world’s wealth by 2016.
Winnie Byanyima, executive director of Oxfam International and one of the six co-chairs at this year’s WEF, said the increased concentration of wealth seen since the deep recession of 2008-09 was dangerous and needed to be reversed.
In an interview with the Guardian, Byanyima said: “We want to bring a message from the people in the poorest countries in the world to the forum of the most powerful business and political leaders.
“The message is that rising inequality is dangerous. It’s bad for growth and it’s bad for governance. We see a concentration of wealth capturing power and leaving ordinary people voiceless and their interests uncared for.”
Oxfam made headlines at Davos last year with a study showing that the 85 richest people on the planet have the same wealth as the poorest 50% (3.5 billion people). The charity said this year that the comparison was now even more stark, with just 80 people owning the same amount of wealth as more than 3.5 billion people, down from 388 in 2010.
Byanyima said: “Do we really want to live in a world where the 1% own more than the rest of us combined? The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast.”
Separate research by the Equality Trust, which campaigns to reduce inequality in the UK, found that the richest 100 families in Britain in 2008 had seen their combined wealth increase by at least £15bn, a period during which average income increased by £1,233. Britain’s current richest 100 had the same wealth as 30% of UK households, it added.
Inequality has moved up the political agenda over the past half-decade amid concerns that the economic recovery since the global downturn of 2008-09 has been accompanied by a squeeze on living standards and an increase in the value of assets owned by the rich, such as property and shares.
Pope Francis and the IMF managing director Christine Lagarde have been among those warning that rising inequality will damage the world economy if left unchecked, while the theme of Thomas Piketty’s best-selling book Capital was the drift back towards late 19th century levels of wealth concentration.
Barack Obama’s penultimate State of the Union address on Tuesday is also expected to be dominated by the issue of income inequality.
He will propose a redistributive tax plan to extract more than $300bn (£200bn) in extra taxes from the 1% of rich earners in order to fund benefits specifically targeted at working families.
However, the odds of the White House having any success persuading Congress to adopt the plan, given the Republicans’ new grip on both chambers, are extremely long. But Obama’s embrace of what he calls “middle-class economics” – as opposed to the trickle-down economics of the Republicans – is likely to ensure that inequality remains a pivotal theme of the 2016 presidential campaign.
Oxfam said the wealth of the richest 80 doubled in cash terms between 2009 and 2014, and that there was an increasing tendency for wealth to be inherited and to be used as a lobbying tool by the rich to further their own interests.
It noted that more than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches, while 20% have interests in the financial and insurance sectors, a group which saw their cash wealth increase by 11% in the 12 months to March 2014.
These sectors spent $550m lobbying policymakers in Washington and Brussels during 2013. During the 2012 US election cycle alone, the financial sector provided $571m in campaign contributions.
Inequality has moved up the political agenda over the past half-decade amid concerns that the economic recovery since the global downturn of 2008-09 has been accompanied by a squeeze on living standards and an increase in the value of assets owned by the rich, such as property and shares.
Pope Francis and the IMF managing director Christine Lagarde have been among those warning that rising inequality will damage the world economy if left unchecked, while the theme of Thomas Piketty’s best-selling book Capital was the drift back towards late 19th century levels of wealth concentration.
Barack Obama’s penultimate State of the Union address on Tuesday is also expected to be dominated by the issue of income inequality.
He will propose a redistributive tax plan to extract more than $300bn (£200bn) in extra taxes from the 1% of rich earners in order to fund benefits specifically targeted at working families.
However, the odds of the White House having any success persuading Congress to adopt the plan, given the Republicans’ new grip on both chambers, are extremely long. But Obama’s embrace of what he calls “middle-class economics” – as opposed to the trickle-down economics of the Republicans – is likely to ensure that inequality remains a pivotal theme of the 2016 presidential campaign.
Oxfam said the wealth of the richest 80 doubled in cash terms between 2009 and 2014, and that there was an increasing tendency for wealth to be inherited and to be used as a lobbying tool by the rich to further their own interests.
It noted that more than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches, while 20% have interests in the financial and insurance sectors, a group which saw their cash wealth increase by 11% in the 12 months to March 2014.
These sectors spent $550m lobbying policymakers in Washington and Brussels during 2013. During the 2012 US election cycle alone, the financial sector provided $571m in campaign contributions.
Byanyima said: “I was surprised to be invited to be a co-chair at Davos because we are a critical voice. We go there to challenge these powerful elites. It is an act of courage to invite me.”
Oxfam said it was calling on governments to adopt a seven point plan:
• Clamp down on tax dodging by corporations and rich individuals.
• Invest in universal, free public services such as health and education.
• Share the tax burden fairly, shifting taxation from labour and consumption towards capital and wealth.
• Introduce minimum wages and move towards a living wage for all workers.
• Introduce equal pay legislation and promote economic policies to give women a fair deal.
• Ensure adequate safety-nets for the poorest, including a minimum-income guarantee.
• Agree a global goal to tackle inequality.
Speaking to the Guardian, Byanyima added: “Extreme inequality is not just an accident or a natural rule of economics. It is the result of policies and with different policies it can be reduced. I am optimistic that there will be change.
“A few years ago the idea that extreme poverty was harmful was on the fringes of the economic and political debate. But having made the case we are now seeing an emerging consensus among business leaders, economic leaders, political leaders and even faith leaders.”
http://ift.tt/1ulhz00
Oxfam said it was calling on governments to adopt a seven point plan:
• Clamp down on tax dodging by corporations and rich individuals.
• Invest in universal, free public services such as health and education.
• Share the tax burden fairly, shifting taxation from labour and consumption towards capital and wealth.
• Introduce minimum wages and move towards a living wage for all workers.
• Introduce equal pay legislation and promote economic policies to give women a fair deal.
• Ensure adequate safety-nets for the poorest, including a minimum-income guarantee.
• Agree a global goal to tackle inequality.
Speaking to the Guardian, Byanyima added: “Extreme inequality is not just an accident or a natural rule of economics. It is the result of policies and with different policies it can be reduced. I am optimistic that there will be change.
“A few years ago the idea that extreme poverty was harmful was on the fringes of the economic and political debate. But having made the case we are now seeing an emerging consensus among business leaders, economic leaders, political leaders and even faith leaders.”
http://ift.tt/1ulhz00
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Sunday, January 18, 2015
What Markets Are Open on Martin Luther King Day?
What markets are open on Martin Luther King Day?
NEW YORK (MarketWatch) — U.S. stock and bond markets will be closed on Monday for the Martin Luther King Jr. holiday, but it will be business as usual for Globex electronic trading and in overseas markets.
Oil, gold and Treasurys futures contracts, among other contracts listed on Globex, will all trade electronically during the holiday.
The CME trading floors will be closed.
Globex trading will begin as usual at 6 p.m. Eastern on Sunday and end at 1 p.m. Eastern on Monday, but with a trade date of Tuesday. Trading will resume at 6 p.m. Eastern on Monday.
U.S. stock markets will be closed, and the Securities Industry and Financial Markets Association Sifma has recommended that there be no trading in U.S.-dollar-denominated bonds in the U.S., U.K. and Japan.
Currency trading is expected to be light during the North American day. Banks in Europe and Canada will be open.
http://ift.tt/15fhFuY
NEW YORK (MarketWatch) — U.S. stock and bond markets will be closed on Monday for the Martin Luther King Jr. holiday, but it will be business as usual for Globex electronic trading and in overseas markets.
Oil, gold and Treasurys futures contracts, among other contracts listed on Globex, will all trade electronically during the holiday.
The CME trading floors will be closed.
Globex trading will begin as usual at 6 p.m. Eastern on Sunday and end at 1 p.m. Eastern on Monday, but with a trade date of Tuesday. Trading will resume at 6 p.m. Eastern on Monday.
U.S. stock markets will be closed, and the Securities Industry and Financial Markets Association Sifma has recommended that there be no trading in U.S.-dollar-denominated bonds in the U.S., U.K. and Japan.
Currency trading is expected to be light during the North American day. Banks in Europe and Canada will be open.
http://ift.tt/15fhFuY
via Dinar Recaps - Our Blog http://ift.tt/1BPvOek
Friday, January 16, 2015
The Big Call - Recording Link and Replay #'s for Thursday night 01-15-15
The Big Call - Recording Link and Replay #'s for Thursday night 01-15-15 RECORDING LINK Playback number: (559)726-1159 access code 123456# 123 Minutes The Big Call |
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Tuesday, January 13, 2015
Monday, January 12, 2015
Backdoc Monday Afternoon Post - OILS' IMPACT ON DEFLATION
(Thank you Backdoc for emailing this to Dinar Recaps.)
OILS' IMPACT ON DEFLATION - IMO
OVER THE WEEKEND WE SEE IRAQ LOWERED OIL PRICES TO EUROPE BUT RAISED THEM TO ASIA!
TIME TO COMPLETE THE CONTAINMENT OF THE BRICS, ESPECIALLY CHINA SINCE THIS WILL BLEED THEM OVER TIME!
OIL CONTINUES ITS DOWNWARD TREND!
AS THE STOCK MARKET BEGINS SOME RE-PRICING LOWER SOME THINK THERE WILL BE SAFETY IN GOLD, HENCE THE LITTLE BUMP AS OF LATE!
ONCE THE BRICS BEGIN TO BACK THEIR FALLING CURRENCIES MOST LIKELY HARD CURRENCIES AND GOLD WILL BE DUMPED TO PREVENT THE SLIDE AS IN THE CASE OF THE RUBLE WE HAVE ALREADY SEEN!!
OILS' IMPACT ON DEFLATION - IMO
OVER THE WEEKEND WE SEE IRAQ LOWERED OIL PRICES TO EUROPE BUT RAISED THEM TO ASIA!
TIME TO COMPLETE THE CONTAINMENT OF THE BRICS, ESPECIALLY CHINA SINCE THIS WILL BLEED THEM OVER TIME!
OIL CONTINUES ITS DOWNWARD TREND!
AS THE STOCK MARKET BEGINS SOME RE-PRICING LOWER SOME THINK THERE WILL BE SAFETY IN GOLD, HENCE THE LITTLE BUMP AS OF LATE!
ONCE THE BRICS BEGIN TO BACK THEIR FALLING CURRENCIES MOST LIKELY HARD CURRENCIES AND GOLD WILL BE DUMPED TO PREVENT THE SLIDE AS IN THE CASE OF THE RUBLE WE HAVE ALREADY SEEN!!
CORRECTIONS ARE ALWAYS STEEP AND FAIRLY QUICK! I DON'T THINK IT WILL TAKE MUCH LONGER FOR OIL TO FIND A BOTTOM!
WHAT WE ARE WAITING FOR TO HAPPEN IS EVIDENCE OF FRACKING OR OTHER AREAS IN THE WORLD WITH HIGH EXTRACTION COSTS TO BEGIN COMMING OFF LINE, THA'T'S WHEN WE KNOW OIL WILL COME OUT OF CONTANGO AND FIND A BID!!
THEREFORE WE NEED TO LOOK FOR ARTICLES THAT SHOW US THAT, THEN WE SHOULD BE IN A STABLE OR RECOVERY MODE ON THE OIL PRICE!
IT SUSPECT THE EMPIRE WILL KEEP THE COST LOWER TO EMPIRE COUNTRIES AS EVIDENCED BY IRAQS MOVE THIS PAST WEEKEND. CHINA WILL CONTINUE TO PAY A PREMIUM.
THIS SHOULD BEGIN TO OPEN UP THE DOORS FOR VIETNAM TO BEGIN ITS GROWTH IN OIL AND GAS!
IF THE VIETNAM CAN CAPURE A LOT OF CHINAS' BUSINESS AND THEY CONTINUE TO TRADE IN VND THE CURRENCY, VELOCITY FOR THE VND WILL PICK UP SUBSTANTIALLY OPENING UP THE OPPORTUNITY FOR A REALISTIC RATE OF SIGNIFICANCE!
WITH THE VND CURRENTLY PEGGED TO THE DOLLAR CHINA IS THE LOSER FOR NOW!
IMO
8@8, DOC
WHAT WE ARE WAITING FOR TO HAPPEN IS EVIDENCE OF FRACKING OR OTHER AREAS IN THE WORLD WITH HIGH EXTRACTION COSTS TO BEGIN COMMING OFF LINE, THA'T'S WHEN WE KNOW OIL WILL COME OUT OF CONTANGO AND FIND A BID!!
THEREFORE WE NEED TO LOOK FOR ARTICLES THAT SHOW US THAT, THEN WE SHOULD BE IN A STABLE OR RECOVERY MODE ON THE OIL PRICE!
IT SUSPECT THE EMPIRE WILL KEEP THE COST LOWER TO EMPIRE COUNTRIES AS EVIDENCED BY IRAQS MOVE THIS PAST WEEKEND. CHINA WILL CONTINUE TO PAY A PREMIUM.
THIS SHOULD BEGIN TO OPEN UP THE DOORS FOR VIETNAM TO BEGIN ITS GROWTH IN OIL AND GAS!
IF THE VIETNAM CAN CAPURE A LOT OF CHINAS' BUSINESS AND THEY CONTINUE TO TRADE IN VND THE CURRENCY, VELOCITY FOR THE VND WILL PICK UP SUBSTANTIALLY OPENING UP THE OPPORTUNITY FOR A REALISTIC RATE OF SIGNIFICANCE!
WITH THE VND CURRENTLY PEGGED TO THE DOLLAR CHINA IS THE LOSER FOR NOW!
IMO
8@8, DOC
via Dinar Recaps - Our Blog http://ift.tt/1IlTWXI
Thursday, January 8, 2015
Turbo Tax - Get an Extra 10% of Your Federal Return
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Wednesday, January 7, 2015
Tuesday, January 6, 2015
Monday, January 5, 2015
Iraq's Amnesty and De-Baathification Laws - By Singleton Press
(Thank you JS for emailing this to Dinar Recaps.)
Iraq's Amnesty and De-Baathification Laws
By: Singleton Press
The Amnesty law is important in Iraq because it will appease the Sunnis. Since Abadi has been the prime minister, he's been working hard to right the wrongs committed against the Kurds. That is very good for our investment in the Dinar because it will lead to the implementation of the Oil & Gas Law (HCL); however, the Sunnis are still waiting.
Many Sunnis were illegally imprisoned and to this day, over 100,000 prisoners remain in jail without the chance for a trial and without having been charged with any crimes. The Amnesty Law was part of the reconciliation process. On March 27, 2008, the Presidential Council ratified it, making it official. The Sunni Iraqi Accordance Front and the Sadrists were the main supporters of the act because up to 80% of those detained are Sunnis, and the Sadrists have faced a wave of arrests by government forces. Maliki was using the 'De-baathification Law”, which I'll explain next, to arrest Sunnis as if they were members of the Baathist party.
Iraq's Amnesty and De-Baathification Laws
By: Singleton Press
The Amnesty law is important in Iraq because it will appease the Sunnis. Since Abadi has been the prime minister, he's been working hard to right the wrongs committed against the Kurds. That is very good for our investment in the Dinar because it will lead to the implementation of the Oil & Gas Law (HCL); however, the Sunnis are still waiting.
Many Sunnis were illegally imprisoned and to this day, over 100,000 prisoners remain in jail without the chance for a trial and without having been charged with any crimes. The Amnesty Law was part of the reconciliation process. On March 27, 2008, the Presidential Council ratified it, making it official. The Sunni Iraqi Accordance Front and the Sadrists were the main supporters of the act because up to 80% of those detained are Sunnis, and the Sadrists have faced a wave of arrests by government forces. Maliki was using the 'De-baathification Law”, which I'll explain next, to arrest Sunnis as if they were members of the Baathist party.
On July 22, 2008, Baghdad announced that 109,087 people had been pardoned under the Amnesty Law. There was no breakdown given, but some specifics were publicized in June and May. On June 29, 2008 the Voices of Iraq reported that the courts had released 13,199 people that had been found guilty but not sentenced, and 46,371 had been given bail. An additional 33,273 had been pardoned that were wanted, but had never been captured. In May, Iraq had pardoned a total of 55,053 people. 5,636 were convicted criminals, 24,472 were given bail, 11,476 were being held awaiting trial, and13,469 were wanted persons that had not been arrested. The government said it wanted to provide job training for those released to keep them out of trouble.
The Amnesty Law will allow people who have been imprisoned without charges and without a trial to be released. The law is careful to exclude those accused of being involved in violent crimes. This is where there is controversy, those who want to keep the Sunnis in jail use this as a reason to prevent the Amnesty Law from being fully implemented, since there is a chance that some of the violent suspects will be released.
The Baathist party had some individuals that were involved in acts of terrorism. It became so prevalent in Iraq that anyone affiliated with a Baathist was considered a terrorist and around the beginning of the war, a law was passed to eliminate people of this political party from every aspect of government and society. It was of course very controversial, how can someone be penalized for his political association?
In any case, Maliki and the former government were using this law to wrongfully imprison as many Sunnis as they possibly could. The protests that began in December of 2012 and carried through most of 2013 were centered around the repeal of the De-baathification Law and the full implementation of the Amnesty Law. We are all still waiting for this and it appears as if the current government is working hard to achieve these ends; however, it must first resolve all matters concerning the budget of 2015 and the HCL (Kurds). The situation does look very promising in the immediate term.
Article 140 is a constitutional provision, already a law, that establishes the rights of the Kurdish people over certain areas of land and oil rights within Iraq, specifically the Kirkuk region. It does not need to be voted into law since it's already a law; however, the rights specified in this law involve the disbursement of oil revenues and these matters can only be settled under the budget provisions and the Oil & Gas Law. Once you see the 2015 Budget and Oil & Gas Laws implemented, that is, first and second readings in Parliament, then voted into law, and published in the Gazette, you will know that the Article 140 is also resolved.
I've heard people ask “how are they going to pay for the currency exchange”, or “who is going to pay for it”. This question is based on an incorrect premise. No one has the burden of paying for the revalued currency exchange, because... it's an exchange! The actual currency involved is already in the system. Remember that less than ten percent of all currency is in paper form, most is nothing but data in a computer. Just because you think it's a lot of money doesn't mean that it's too much or that some group, nation or counter party has to pay something so the exchange can take place.
What if we use this analogy: What if everyone took all his $100 bills in to the banks to exchange them for $1 bills? Who would pay for that? No one, it's an exchange.
Remember that the money was already in Iraq, it was sequestered by the United States and the IMF. The same volume of money is still there, and will still be there as it was before, it's just that the value will have been returned, and as it happens, there will be more foreign holders of the currency than before, no big deal.
How do we know that the banks will not have toll free numbers for the currency exchange? Banks don't operate that way. Have you ever called a bank, even as an account holder, and discussed any type of transaction without the bank employee telling you to come into the bank and discuss it? Why would the banks set up toll free numbers, or even use their existing numbers in this way when this is not how they do business? The reason why this information is promoted in the Dinar community is to create a following of people, so you will want to be included in the group and have access to the toll free numbers. The claim plays upon your fear of loss so that you'll join a group. The same is true for the false claim that there will be different tiers of levels of exchange rates and you've have to sign a non-disclosure agreement. Remember that we are already part of a group by default, it's known as the association of Dinar holders/investors. There are no other groups, and even with this in mind, the banks do not consider any sort of groups. The banks only see a demographic or type of customer with which they can provide services at a profit. It's not more special than that.
There will be no different levels of exchange rates and banks will not require you to sign non-disclosure agreements regarding your arrangements simply because they are not enforceable and appear as a liability on the accounting records of the banks. The banks and your relationship with them are already governed by Title 12 of the Code of Federal Regulations and your account policy. If some non-bank individual tells you that you have to sign a non-disclosure agreement or represents that some bank is requiring it and that he or she has a special relationship with the bank that requires you to sign such an agreement, run in the other direction. Don't do it.
The Amnesty Law will allow people who have been imprisoned without charges and without a trial to be released. The law is careful to exclude those accused of being involved in violent crimes. This is where there is controversy, those who want to keep the Sunnis in jail use this as a reason to prevent the Amnesty Law from being fully implemented, since there is a chance that some of the violent suspects will be released.
The Baathist party had some individuals that were involved in acts of terrorism. It became so prevalent in Iraq that anyone affiliated with a Baathist was considered a terrorist and around the beginning of the war, a law was passed to eliminate people of this political party from every aspect of government and society. It was of course very controversial, how can someone be penalized for his political association?
In any case, Maliki and the former government were using this law to wrongfully imprison as many Sunnis as they possibly could. The protests that began in December of 2012 and carried through most of 2013 were centered around the repeal of the De-baathification Law and the full implementation of the Amnesty Law. We are all still waiting for this and it appears as if the current government is working hard to achieve these ends; however, it must first resolve all matters concerning the budget of 2015 and the HCL (Kurds). The situation does look very promising in the immediate term.
Article 140 is a constitutional provision, already a law, that establishes the rights of the Kurdish people over certain areas of land and oil rights within Iraq, specifically the Kirkuk region. It does not need to be voted into law since it's already a law; however, the rights specified in this law involve the disbursement of oil revenues and these matters can only be settled under the budget provisions and the Oil & Gas Law. Once you see the 2015 Budget and Oil & Gas Laws implemented, that is, first and second readings in Parliament, then voted into law, and published in the Gazette, you will know that the Article 140 is also resolved.
I've heard people ask “how are they going to pay for the currency exchange”, or “who is going to pay for it”. This question is based on an incorrect premise. No one has the burden of paying for the revalued currency exchange, because... it's an exchange! The actual currency involved is already in the system. Remember that less than ten percent of all currency is in paper form, most is nothing but data in a computer. Just because you think it's a lot of money doesn't mean that it's too much or that some group, nation or counter party has to pay something so the exchange can take place.
What if we use this analogy: What if everyone took all his $100 bills in to the banks to exchange them for $1 bills? Who would pay for that? No one, it's an exchange.
Remember that the money was already in Iraq, it was sequestered by the United States and the IMF. The same volume of money is still there, and will still be there as it was before, it's just that the value will have been returned, and as it happens, there will be more foreign holders of the currency than before, no big deal.
How do we know that the banks will not have toll free numbers for the currency exchange? Banks don't operate that way. Have you ever called a bank, even as an account holder, and discussed any type of transaction without the bank employee telling you to come into the bank and discuss it? Why would the banks set up toll free numbers, or even use their existing numbers in this way when this is not how they do business? The reason why this information is promoted in the Dinar community is to create a following of people, so you will want to be included in the group and have access to the toll free numbers. The claim plays upon your fear of loss so that you'll join a group. The same is true for the false claim that there will be different tiers of levels of exchange rates and you've have to sign a non-disclosure agreement. Remember that we are already part of a group by default, it's known as the association of Dinar holders/investors. There are no other groups, and even with this in mind, the banks do not consider any sort of groups. The banks only see a demographic or type of customer with which they can provide services at a profit. It's not more special than that.
There will be no different levels of exchange rates and banks will not require you to sign non-disclosure agreements regarding your arrangements simply because they are not enforceable and appear as a liability on the accounting records of the banks. The banks and your relationship with them are already governed by Title 12 of the Code of Federal Regulations and your account policy. If some non-bank individual tells you that you have to sign a non-disclosure agreement or represents that some bank is requiring it and that he or she has a special relationship with the bank that requires you to sign such an agreement, run in the other direction. Don't do it.
Some of these same people are claiming that groups of people have been exchanging their Dinar for dollars at higher rates than published at the CBI's website. This is a lie. No one is doing this, no one is getting special treatment.
Another question I heard recently was how can Iraq adopt a budget when it has no money? Countries do not operate like households; countries need a budget so that they can have money, not the other way around. Most consumers have a tendency to view what's happening with a country in terms of how we normally live as individuals. Countries operate with debt money and the only way a country can create cash flow is by going into debt. It's ability to go into debt depends upon what its population can produce and it's ability to recover natural resources. This allows a country to create a budget and based upon these numbers, counter parties will then be able to purchase bonds, bills and other obligations and the banking system will then be able to provide the liquidity needed to begin disbursing money.
Iraq needs it's budget to be voted into law so that it can then derive the money needed to fulfill the terms of the budget. As it happens, the Oil & Gas Law is an integral part of the budget because it establishes the rights and liabilities of all the money from the nation's oil and gas proceeds. The Central Bank of Iraq needs the 2015 Budget and the HCL laws in place so that the cash flow in and out of the country can be viewed in a stable environment. There will be no revaluation until the budget and HCL are implemented. What's even better news is that the current budget has not even considered the several new oil wells and the recently discovered gold. These probably will not be included in the accounting until the next two budgets.
Both the IMF and the Central Bank of Iraq have a plan to revalue the currency in Iraq, we know this; however, some people mistakenly believe that the currency will be left in a “free float”. The people promoting these ideas are over-thinking the matter and not reading the articles. A free float creates too much volatility. The published plan, which has not ever been altered, requires a managed float, just like is currently in place for every other modern economy in the world (except Russia temporarily). The Dinar's managed float will be adjusted within 2% every 90 days for the first two years after the revaluation. There will be no “free float”, just like there is no such thing as “an emergency RV” to get Iraq some capital. These ideas oppose the very fundamentals of economics and how banks manage their business to make a profit.
References:
Musings on Iraq: http://ift.tt/1rZAADL
Baath Party: http://ift.tt/IikAPX
Iraqi president calls for repeal of de-Baathification laws, November 2014:
http://ift.tt/1HCt3P2
Another question I heard recently was how can Iraq adopt a budget when it has no money? Countries do not operate like households; countries need a budget so that they can have money, not the other way around. Most consumers have a tendency to view what's happening with a country in terms of how we normally live as individuals. Countries operate with debt money and the only way a country can create cash flow is by going into debt. It's ability to go into debt depends upon what its population can produce and it's ability to recover natural resources. This allows a country to create a budget and based upon these numbers, counter parties will then be able to purchase bonds, bills and other obligations and the banking system will then be able to provide the liquidity needed to begin disbursing money.
Iraq needs it's budget to be voted into law so that it can then derive the money needed to fulfill the terms of the budget. As it happens, the Oil & Gas Law is an integral part of the budget because it establishes the rights and liabilities of all the money from the nation's oil and gas proceeds. The Central Bank of Iraq needs the 2015 Budget and the HCL laws in place so that the cash flow in and out of the country can be viewed in a stable environment. There will be no revaluation until the budget and HCL are implemented. What's even better news is that the current budget has not even considered the several new oil wells and the recently discovered gold. These probably will not be included in the accounting until the next two budgets.
Both the IMF and the Central Bank of Iraq have a plan to revalue the currency in Iraq, we know this; however, some people mistakenly believe that the currency will be left in a “free float”. The people promoting these ideas are over-thinking the matter and not reading the articles. A free float creates too much volatility. The published plan, which has not ever been altered, requires a managed float, just like is currently in place for every other modern economy in the world (except Russia temporarily). The Dinar's managed float will be adjusted within 2% every 90 days for the first two years after the revaluation. There will be no “free float”, just like there is no such thing as “an emergency RV” to get Iraq some capital. These ideas oppose the very fundamentals of economics and how banks manage their business to make a profit.
References:
Musings on Iraq: http://ift.tt/1rZAADL
Baath Party: http://ift.tt/IikAPX
Iraqi president calls for repeal of de-Baathification laws, November 2014:
http://ift.tt/1HCt3P2
via Dinar Recaps - Our Blog http://ift.tt/1HCt3P6
Thursday, January 1, 2015
Poppy3 at Dinar Updates: "Positive Things in the Right Direction"
Poppy3 ...THE MOST FACTUAL NEWS DOESN'T COME OUT OF IRAQ TILL AFTER 6PM TO 8PM OUR TIME IN THE EVENING...
LETS LET THE REAL NEWS APPEAR. THEY HAVEN'T WORKED SO HARD AND PUSHED FOR THIS DATE TO LET SOMETHING MINOR STOP THEIR PROGRESS AT THIS POINT. ...
ACCORDING TO WHAT IS ALL PASSED AND IMPLEMENTED TODAY SHOULD SET ANOTHER TIME TABLE TO SEE A RATE GOING FORWARD.
I DON'T AND NEVER THOUGHT WE WOULD SEE RV TODAY, BUT FEEL THE POSSIBILITY AND THE STAGE WOULD BE SET FROM TODAY FORWARD THAT WE WOULD HAVE A CLEARER PICTURE OF THE TIMING IF ALL THE LAWS WERE ANNOUNCED OR IF ANY ARE LEFT PENDING.
EITHER WAY THINGS ARE HAPPENING POSITIVE IN THE RIGHT DIRECTION.
....
LETS LET THE REAL NEWS APPEAR. THEY HAVEN'T WORKED SO HARD AND PUSHED FOR THIS DATE TO LET SOMETHING MINOR STOP THEIR PROGRESS AT THIS POINT. ...
ACCORDING TO WHAT IS ALL PASSED AND IMPLEMENTED TODAY SHOULD SET ANOTHER TIME TABLE TO SEE A RATE GOING FORWARD.
I DON'T AND NEVER THOUGHT WE WOULD SEE RV TODAY, BUT FEEL THE POSSIBILITY AND THE STAGE WOULD BE SET FROM TODAY FORWARD THAT WE WOULD HAVE A CLEARER PICTURE OF THE TIMING IF ALL THE LAWS WERE ANNOUNCED OR IF ANY ARE LEFT PENDING.
EITHER WAY THINGS ARE HAPPENING POSITIVE IN THE RIGHT DIRECTION.
....
via Dinar Recaps - Our Blog http://ift.tt/1rGLKNC
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