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Tuesday, June 30, 2015

Millionday News 6-30-15

Millionday News 6/30/15

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: London: contagious Fayyad acknowledged leader in the Iraqi National Alliance, the existence of «differences and problems have weakened the Iraqi National Alliance», adding that «these differences already ridden relations Shiite political leaders», 

stressing that « Lola Iran for the rest coalition exists ». The leader, who preferred not to be named said the «Middle East», that «the divisions in opinions and attitudes between the National Alliance leaders (which includes parties and movements.

Millionday: Shiite political figures), which is the largest parliamentary bloc in the House of Representatives, It was formed to pay and pressure from Tehran for the purpose of dedication for a third term for Nouri al-Maliki, leader of a coalition of state law, and the former head of the Iraqi government, but the positions of the leaders of some Shiite parties,
~~~
 especially the Islamic Supreme Council, headed by Ammar al-Hakim, and the Sadrist movement, led by Muqtada al-Sadr, and the pressures of the rest of the Sunni, Kurdish and secular parties In addition to the US position that al-Maliki was forced to withdraw by force and not voluntarily », warning that«

Millionday: WHOOPOW -- FORCED TO WITHDRAW -- (MALIKI)

Millionday: The problem is that al-Maliki is still considered himself is the supreme leader or spiritual Prime Minister Haider al-Abadi being the leader of his party (the call) ».

The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services and the army, and even if you get rid Abadi of this influence,

the crowd and popular militias who are fighting with the crowd paper is strong pressure on the prime minister, especially that the leadership of the crowd and the militias do not comply with Ebadi, but

Millionday: NOTE --WOW THIS IS SO FULL OF INFO -- LOVE IT -- WHOOPOW -- LOOK AT MALIKI THROUGH YOUR MINDS EYE ---- NOT GOOD

Millionday: primarily to Iran and head of the Badr Organization, Hadi al-Amiri and the owners and leaders of the militias (Shiite) », warning that« militias (Shiite) pose a real threat to a private government and the security situation General ».

Speaking leader of the National Alliance for the «differences that stand in the way of forming a unified opinion by the coalition leaders», said: «The most prominent of these differences is the lack of agreement on the presidency of the National Alliance, it is assumed that Ibrahim al-Jaafari give up the presidency of the coalition after the receipt of the post of Foreign Minister,

and received the leadership of the Alliance Ammar al-Hakim, but the objections of the State of Law who want to be the leader of al-Maliki coalition forwarded without reaching a solution to this problem, from this side.

Millionday: NOTE THE THREE PRESIDENCIES MEET THIS WEEK TO FORMALIZE THEIR JOB RESPONSIBILITIES

Millionday: THE THING IS THIS THEY HAVE TO MOVE WITH POSITION AUTHORITY

angus: This is as past tense so M is out, if so does this open the doors for the 3 pres. to get things a moving?

Millionday: ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED -- GOOD QUESTION HUN

jarhead: oh u mean they woke up and does this mean that if he gets kicked they will replace him and...how long will that take

Millionday: WE DONT KNOW HOW LONG -- BUT

Millionday: I WAS LOOKING FOR A FORMAL TIMELINE AND IT CAN BE CHANGED

jtank: Who will replace Maliki? any idea? thx

Millionday: SO THIS IS AOTHER ACTION WE WILL DEED TO SEE LOL YW ALL THE TIME --

faith1: can Iraq not move forward with Laws until new pm is seated? because of all the power being given...?

Millionday: STILL LOOKING HUN

faith1: laws and reform internationally..

Millionday: MALIKI IS A VICE SO THEY CAN MOVE FORWARD THE WAY THE SET UP

Millionday: ESPECIALLY IN THE POSITION THEY'RE IN WITH SUCH GREAT NEEDS INTERNATIONALLY/REFORM WISE/AND WITH THE REFORM FOR TRANSITION FOR A MARKET ECONOMY

Millionday: Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank profits exceeded {37} billion dinars last year and others ..

Millionday: NOTE -- THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS

Millionday: NOTE -- PRODUCTION ON THE WAY --- WHOOPOW

Millionday: NOTE -- THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION

Millionday: claim Baltmwenah document identification violates the law of Basra to discuss the development of the productive qualities of broiler chickens Zora Najib: measures {Central} revive the market and gross domestic product a great leap of the shares of K. + S after the purchase offer of Potash Corp term direct implementing a project to address the problem of bottlenecks on the national network of Commerce Announces marketing more than two and a half million tons of wheat

Millionday: NOTE -- COMMERCE ANNOUNCED THAT THE AMOUNT THEY ARE TALKING ABOUT HERE IN TRADE VIOLATES THE LAW DUE TO THE DEVELOPMENT RESULT THIS IS TO CREATE FOR AGRICULTURE --- THIS IS PART OF THE PLAN TO BOOST THE ECONOMY/REVITALIZE AND RAISE THE GDP --

Millionday: A DIRECT EFFECT ON THE INTERNATIONAL EQUATION

Millionday: WHOOOPOW

Millionday: WOW THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING

Millionday: THE NEXT PARLIAMENT SESSION BEGINS WED

snowhite puffdragon: How productive can they be?

Millionday: SNOW -- WITH THE BEST OF ADVANCES IN THE WORLD BEING THE UPGRADE THEY ARE RECEIVING -- IT APPEARS THEY CAN BE VERY PRODUCTIVE -- IN ONE REPORT TODAY

Millionday: It demanded that the Kurdistan Regional Government, Sunday, the US Senate to play a role in addressing the problems between Baghdad and Erbil, calling on the international community to provide assistance to refugees and displaced persons in the region.

Millionday: The head of the Government of the Territory Nechirvan Barzani in a statement issued today, after meeting with a delegation from the US Senate, headed by the chief of the armed forces in the Council and received by the agency / information /, copy it,

that "the delegation praised the efforts of the Government and the people of the Kurdistan Region and the Peshmerga forces who as well as address to terrorists Daash greeted very large number of refugees and displaced people and provided them with the necessary services.

Millionday: SO KURDISTAN HAS ASKED FOR THE US DELEGATION TO HELP BRIDGE THE GAP BETWEEN IRAQ AND KURDISTAN

Millionday: THIS MAY TURN OUT TO BE PRODUCTIVE IN THE AGREEMENT

Millionday: THE AGREEMENT IS SIGNED AND SHOULD BE THE AGREEMENT OF OIL WE READ SO MUCH ABOUT SO VERY EXCITING

Millionday: WHOOPOW
Millionday: HOLD ON TO YOUR HAT

Millionday: According to an Interior Ministry statement he received "eye Iraq News," that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it. "

Millionday: NOTE -- THIS IS ABOUT THE MASTER CARD -- IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION

Millionday: The statement noted that Interior Minister Mohammed Ghabban reviewed during the meeting, the stages of completion of the project during the last period represented, with the completion of the workshop exchanged between the Iraqi side and the German port project in Baghdad and Munich, 

which dealt with all matters relating to system project of building restructuring the system to process the supply of services , and the completion of the cadres of the General Directorate of Nationality training courses inside and outside Iraq, and a test Almsenai submitted by the company G & D process and the German was successful. "

Millionday: NOTE -- THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY

Millionday: He Ghabban "the arrival of shipments of device and equipment for the national card system with the arrival of the first shipments of crude national card, and the specialists at the National Directorate of the card set up special mechanism to call the citizens and explain how their review to the circles in which case the installed chains."

Millionday: NOTE -- THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN -- WHOOOPOW

Millionday: He said, "It will be the start of a virtual environment during the coming period and includes national print card (model) with generating national number Default then start the gradual spread in circles Civil Status."

He noted that "the Ministry of Interior and engaged for a long time on the success of the national card project has spared no effort in that subject because of its great importance to the security and service levels"

Millionday: THIS IS GREAT NEWS ---

Millionday: WHOOOPOW

Millionday: HAVE A GREAT NIGHT AND WE WILL SEE YOU AT RT TOMORROW -- AT 1 EST

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Butifldrm & Member Chat Discussion 6-30-15  Part 2 of 2

Post From Wealthwatch.world Chat Room Part 2 of  2


Butifldrm: ‹@gold642› we have been much stronger economically years before and still collapse

chattels: Joseph Heller coined the term in his 1961 novel Catch-22.

chattels: A catch-22 is a paradoxical situation from which an individual cannot escape because of contradictory rules.

gold642: and the collapse is just another banking world game

KiwiDoc: ‹@chattels› thata boy, I knew you were there!!

Butifldrm: ‹@gold642› if you are talking as a nation, no I do not believe so, but economically I do believe so.
~~~
gold642: economically is game played by the international banking controls of the world

Butifldrm: ‹@gold642› and they are loosing the controls

KiwiDoc: ‹@Butifldrm› Our debt is out of control, what seems ironic is our oil and metal holdings, some of if not the largest in the world

Butifldrm: look at this

gold642: we sanction war for oil and flip back to the money power

Butifldrm: Don't let the unthinkable become the new normal, says BIS in 85th Annual Report

Butifldrm: you need to read

gold642: and the BIS are the powers of out world

Butifldrm: Even the BIS says the Central Banks cannot handle the next and upcoming crisis

gold642: the roths

gold642: ‹@Butifldrm› BIS controls and owns the Central Banks

Butifldrm: brb patient calling

Butifldrm: ‹@gold642› I'm telling you read this thread

Butifldrm: I posted today

gold642: no

gold642: I will never ever believe ANYTHING the BIS states its going to do before hand.

gold642: BIS has done it and stated like that for so many years.

gold642: It all comes down for them on oil up and down, they do it and state it every year.

KiwiDoc: ‹@Butifldrm› the one thing above all in my opinion is the US banked on technology being our golden egg. We shipped all our jobs offshore for "profits". So we sold out the middle class for $$ for the few. Germany has long had success selling expensive cars because of "German Quality" It used to be

KiwiDoc: Made in America meant something....Now it means for the most part, made here means criminal in some form or fashion

KiwiDoc: financial crooks mostly, and with the internet we are now victum to our own misdeeds. JMO

[08:04:03 PM] molonlabe: ‹@Butifldrm› very interesting read. Sounds like there is a need to go back to Austrian economics, and an asset-backed monetary system.

gold642: an asset-backed monetary system = oil

gold642: the money is out pockets, backed by oil

gold642: in our system.

gold642: an asset-backed monetary system = oil

gold642: the money is out pockets, backed by oil

gold642: in our

chattels: Security situation weighs on Iraq's economy BAGHDAD — The Iraqi army, backed by the Popular Mobilization Units, has been engaged in war for more than a year now against the Islamic State (IS). There do not seem to be any prospects that the war, which has affected the livelihoods and social realities of Iraqis, will end anytime soon. The heavy costs incurred by Iraq to acquire weapons and pay fighters led to the declaration of the 2015 austerity budget, which subsequently raised poverty rates in the country. Read more: http://ift.tt/1U6ADse...

Butifldrm: Sorry I'm back

Butifldrm: ‹@molonlabe› yes absolutely

Butifldrm: currencies have to have some backin

gold642: and that is oil

chattels: wealthwatch.world/showthr...

Butifldrm: they tried to do it with Basel compliance but it has not happened and rarely do they even talk about it anymore

KiwiDoc: If you look at Alaska, the metal mine in western Ak would blow you away. We have alot of metals as well

Butifldrm: ‹@chattels› yes, Iraq will not pass the necessary laws to get this situation under control

KiwiDoc: One of the fundamental issues we have is the corruption in our banking system and NO criminal prosecutions at the highest levels....They took way more than Bernie M

Butifldrm: ‹@gold642› it was oil, but now we see waht's happened to the oil market

gold642: ‹@Butifldrm› NOTHING

Butifldrm: Oil was around $70 per barrel until this thing happened with Greece

[08:13:52 PM] gold642: oil is and will control our currency and our world

gold642: ITS...A.....GAME

Butifldrm: that was 2 days ago

 Butifldrm: today it's down to $60

gold642: OOOOH OK, OIL IS NO LONGER THE BACKING OF OUR CURRENCY WORLD, WHERE DONE

] KiwiDoc: ‹@Butifldrm› so the future's market is on it's ear

Butifldrm: currencies have to be stability

Butifldrm: ‹@gold642› oil was never the backing

Butifldrm: the backing was Gold

Butifldrm: until we were taken off the Gold Standard

Butifldrm: Bretton Woods

gold642: ‹@Butifldrm› gold was backing what

gold642: oil back our currency

KiwiDoc: ‹@Butifldrm› what is your reaction to the Euro. 3% drop last I heard, don't know if that has changed but a blip on the radar instead of catastrophe

Butifldrm: ‹@gold642› WE had a Gold backed currency

gold642: and that has to do with what now

Butifldrm: ‹@KiwiDoc› I believe the majority of the markets and the media are manipulated

gold642: oil runs and controls this world and will for decades and decades

Butifldrm: we just saw % of the major banks fined around 5B dollars for manipulation, yet noone went to jail

Butifldrm: we see Eric holder now put in place as the justice /surveillance officer lol       
KiwiDoc: ‹@Butifldrm› I would agree, that not withstanding the lack of reaction due to "controlled" measures, if Greece walks away from the central banks clutches, others will follow don't you think?

KiwiDoc: ‹@Butifldrm› ‹@Butifldrm› so are you saying the Fox is watching the Hen House?

Butifldrm: ‹@KiwiDoc› absolutely, it's all a house of cards now

Butifldrm: I love what Martin Armstrong http://ift.tt/1Nuo6dD... said! Freedom

KiwiDoc: ‹@Butifldrm› that's a relief, I thought i was becoming demented

Butifldrm: ‹@KiwiDoc› Do you remember what Iceland did in 2012?                                           
KiwiDoc: ‹@Butifldrm› yes and they have recovered....but our congress is controlled by the very people we want to collar....

Butifldrm: The greedy bankers have forgot one thing. Austerity brings on Depression

Butifldrm: Iceland figured it out

Butifldrm: Icelandic Anger Bringing Record Debt Relief

Butifldrm: http://ift.tt/1U6AFjT...

Butifldrm: it was called debt forgiveness

Butifldrm: They forgave about 90% of the mortage debt and the economy is now booming

KiwiDoc: ‹@Butifldrm› exactly

Butifldrm: Troika in Greece is insane

Butifldrm: Do you know that Greece is paying 14% interest on it's debt

KiwiDoc: ‹@Butifldrm› He is merely playing to his audience

Butifldrm: sadly in a zero% banking climate

Butifldrm: ‹@KiwiDoc› Tpsiras?

KiwiDoc: yes

KiwiDoc: sorry

Butifldrm: He's playing both sides of the fence for sure?

Butifldrm: either way, Greece Defaulted

Butifldrm: teh first supposed major economy to do so

KiwiDoc: and their banks have closed for a bit

Butifldrm: Even Iraq is paying the IMF

KiwiDoc: like us in the 30's

Butifldrm: Yes the 30's brought on a reset

Butifldrm: IMO we are looking forward to another

Butifldrm: How it will look I have no idea

Butifldrm: I'm sure the Chinese will be involved

KiwiDoc: Heck I think they are involved......IMO

Butifldrm: ‹@KiwiDoc› yes I'd say they are taking advantage of the strong dollar to buy up all our assets

Butifldrm: Ok I loved the chat I better get back to packing Night guys

DT N AZ: 14% Interest is OUTRAGEOUS!! and completely uncalled for

KiwiDoc: ‹@Butifldrm› Remember the Japanese in Hawaii back in the "80's" I might be a decade off but that was a worry we all thought they were buying the state

KiwiDoc: ‹@Butifldrm› Terrific chat...thanks

[Butifldrm: ‹@KiwiDoc› Oh there is one more thing I forgot to tellyou

KiwiDoc: yes

Butifldrm: There more than likely will be more capital flight from Europe to the US increasing the value of the dollar in the near future and this will increase the value of the dollar and drop the price of oil.

Butifldrm: this will not stand good for Iraq

Butifldrm: ‹@KiwiDoc› yes I remember

OOTW: thanks so much butifldrm

Butifldrm: and now the Japanese because of countless years of money printing have depreciated their currency to record levels

Butifldrm: ‹@OOTW› YW  lol

KiwiDoc: ‹@Butifldrm› Most excellent

Butifldrm: ‹@KiwiDoc› It's my Love

Butifldrm: ‹@DT N AZ› yes it is

KiwiDoc: ‹@Butifldrm› ‹ It shows

Donnie: ‹@Butifldrm› TYVM for this knowledge share tonight. :)

KiwiDoc: ‹@OOTW› well done!                   

From  Wealthwatch.world  


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Butifldrm & Member Chat Discussion 6-30-15 Part 1 of 2

Post From Wealthwatch.world Chat Room Part 1 of  2

 OOTW: ANYONE THAT WANTS TO LEARN MORE ABOUT SOME "HEDGES" WITH THE POTENTIAL FORTHCOMING ECONOMIC CHANGES, MAY BE INTERESTED IN WHAT SHE HAS TO SAY

KiwiDoc: the average man can have great thoughts, they just don't record them......

chattels: ‹@OOTW› i like the concept of hedging, but my observation is that such requires discretionary capital.

OOTW: YES I UNDERSTAND, BUT FOR EXAMPLE, I'VE NOT HAD A FORMAL JOB IN YEARS AND I CAN STILL MANAGE TO BUY SILVER COINS EVERY ONCE IN A WHILE

chattels: it is impossible to avoid putting all of one's eggs in one basket if all one has is one egg :)

chattels: ‹@OOTW› but i am here to learn - bring it ! :)

OOTW: OKAY COOL
~~~
disciple7: ‹@chattels› Crack that baby open and scramble it  :laughing:

OOTW: THIS IS AN INFORMAL CHAT ALTHOUGH I'VE ANNOUNCED IT BTW

KiwiDoc: ‹@OOTW› your concept is based on saving some, the basic precept of accumulation.....that is where many miss the boat.....

Sam: lol yes

Butifldrm: Hey everyone! lol

chattels: ‹@disciple7› if one uses what they have or gives it away, i.e., no savings, then one cannot lose it

disciple7: ‹@chattels› agreed

OOTW: YES KIWI

Butifldrm: Hi chattels hope everyone has had a great day

KiwiDoc: Wow have I been off.....mercy.....again chattels you humble my philosophy

Butifldrm: what are ya'll taking about tonight

KiwiDoc: ‹@chattels› eggs

KiwiDoc: ‹@chattels› baskets

chattels: ‹@KiwiDoc› oh

KiwiDoc: ‹@Butifldrm› basics, this outfit loves information, loves creative thought

Butifldrm: ‹@KiwiDoc› I'm in

Butifldrm: I have been doing some research on Greece today

OOTW: OH BUTI I'VE BEEN TALKING ABOUT WAYS TO HEDGE

 KiwiDoc: ‹@Butifldrm› excellent.....your in the tall timber, Chattels OOTW sczin11, doesn't get any better

Butifldrm: I posted some blogs from one of my favorite's Martin Armstrong

OOTW: LIKE BUYING SILVER COINS AND HOW TO DO THAT IF YOU'VE NEVER INVESTED

OOTW: AND WE BTW ARE NOT FINANCIAL ADVISORS, PLEASE SEE OUR DISCLAIMER

Butifldrm: ‹@KiwiDoc› He is and has some amazing thoughts

Butifldrm: ‹@OOTW› Oh ok

Butifldrm: There are many way to buy silver.

Butifldrm: one can buy from a big dealer like Goldsilver.com  it's owned by Mike Maloney

Butifldrm: or one can buy from a neighborhood dealer.

Butifldrm: either way you have to know the spot price and if you are buying Eagles they usually charge about $5.00 over spot.

Butifldrm: Oh for sure I'm not a financial advisor  thanks OOTW

Butifldrm: If I were I'd be a millionaire lol

chattels: ‹@Butifldrm› my preference has been through a local coin and precious metal person - he says that when i am ready he can collect $ 250,000 in silver coinage ( pre-1963 ? ) in 48 hours locally - no shipping or brokerage, etc.

Butifldrm: ‹@chattels› yes most can if they are connected to the US Treasury

Butifldrm: I would say Silver is cheaper now than it has been since 2011

Butifldrm: silver had risen up to $50 at that time

gold642: go to www.apmex.com look at the price there of the coin you want THEN who ever you buy from play in the range of what you saw on the site, you will be close

Butifldrm: There are many theories on why the metals including silver have dropped since

chattels: ‹@Butifldrm› what / why any treasury connection ? one of the reasons i prefer my local guy is that the government would have no record of my purchase / holdings

Butifldrm: Some say it's because of manipulation

Butifldrm: ‹@chattels› if you were to buy $250,000 the government would know because they take delivery from the treasury if it's Eagles

KiwiDoc: ‹@Butifldrm› traditionally the metals prices have been manipulated, and isn't that why the Chinese want to have their own gold market.?

Butifldrm: Eagles, if and when they are cashed in you would pay no tax

gold642: not true

chattels: ‹@Butifldrm› i am buying " loose coins " , dimes, quarters and nickels

chattels: my thinking is that if precious metals spike then an ounce of silver and especially gold is " unspendable ", i.e, making " change " may be difficult

Butifldrm: ‹@KiwiDoc› yes the physical market is attached to the ETF's or paper market. So with high speed trading, that could be a manipulation, plus the Gold and Silver Fix could be a manipulation. We already know that the Forex is rigged, and Libor so I would not put anything past

Butifldrm: anyone trying to keep the fiat currency system alive

Butifldrm: The metals are the arch nemesis of the Dollar

KiwiDoc: ‹@Butifldrm› but fiat currency will eventually fail, all have in the past I believe

Butifldrm: ‹@chattels› yes that will never be traced

Butifldrm: ‹@KiwiDoc› let me get back to the Chinese and the Shanghai Gold exchange. the Chinese know what you are saying is true. This is why the Shanghai Gold exchange only trades Physical

Butifldrm: No paper

KiwiDoc: ‹@Butifldrm› Only problem with physical gold, you have to have a place to put it!

Butifldrm: We have seen an amazing amount of metal move from the West to East

gold642: ‹@KiwiDoc› 5 million dollars of american eagles you couldnt fill up a lunch box

Butifldrm: ‹@KiwiDoc› Did you see what Texas just did. I'm in shock and i love it

Butifldrm: brb

KiwiDoc: ‹@Butifldrm› Just my opinion but I believe the Chinese goal is to own the Gold Market, thus the world economy, the ultimate control weapon

KiwiDoc: ‹@Butifldrm› yes, you can cover up yellow, you can cover up Rose, but you better never cover up Texas!! They are taking the lead and other states will follow I think

Donnie: ‹@KiwiDoc› what did TX do?

Butifldrm: ‹@KiwiDoc› I believe the Chinese know the true history of the metals and the Fiat currency system so they are hedging and setting themselves up for a global finnacial collapse

KiwiDoc: going to open their own depository

Butifldrm: they hold 4T of our debt

KiwiDoc: ‹@Butifldrm› agreed

Butifldrm: ‹@Donnie› Governor Abbott Signs Legislation To Establish State Bullion Depository

KiwiDoc: ‹@Butifldrm› Its why I think other states will follow. It is a way to get out from under the Federal Government and their debt.

Butifldrm: This is one of the greatest laws IMO that Texas could ever have passed anlong with Open Carry

KiwiDoc: States rights will become even more of an issue

Butifldrm: ‹@KiwiDoc› yes and when they see peoples money moving from their states to Texas, they will awaken

KiwiDoc: ‹@Butifldrm› agreed

Butifldrm: It's just like Iraq  Iraq is having an issue with Capital flight

Butifldrm: mostly because they do not have the proper laws in place

] Donnie: ‹@Butifldrm› TY I read last week TX was looking to do that. Good for TX.... I may have to move there eventually. :)

KiwiDoc: ‹@Butifldrm› and they will continue to as long as the changes that are needed aren't implemented.

Butifldrm: ‹@Donnie› yes come on down

Butifldrm: it's very Hot here though

Donnie: ANy place in TX that gets snow in the winter? :(

Butifldrm: ‹@KiwiDoc› States rights just turned into a huge issue since Obama took office

Donnie: I love snow

Butifldrm: ‹@Butifldrm› sometime Lubbock

Butifldrm: it still get's hot in the summer

Donnie: to live in freedom it's worth it!!

Butifldrm: Ok there is one more thing I would like to talk about with the metals

 Butifldrm: they are very cheap right now lol
KiwiDoc: ‹@Butifldrm› yes and although I have felt that his election was a tragedy it may turn out to be the best thing that has happened to us. It will force us to take back control of our country

 Butifldrm: ‹@KiwiDoc› I pray to God you are right

KiwiDoc: ‹@Butifldrm› what about the rare metals, platinum, etc?

Butifldrm: I pray the majority of people turn off the TV and really read what is going on with our world

Butifldrm: ‹@KiwiDoc› I watch them but they are hard to hold as physical

KiwiDoc: ‹@Butifldrm› some said if you don't read the paper your uninformed, if you read it your misinformed

Butifldrm: ‹@KiwiDoc› 10- 20 years ago we were misinformed

Butifldrm: look at all the crisis's that this country has gone through

Butifldrm: the internet has been a huge tool for the truth

Butifldrm: the internet is a gateway to heaven or to hell. I'ts our choice to study

molonlabe: ‹@KiwiDoc› I think it was Mark Twain.

KiwiDoc: yes your correct

molonlabe: And GE everyone.

Butifldrm: ‹@molonlabe› i do love that man and admire such wisdom

gold642: ‹@Butifldrm› so then the over 90% negative on the dinar we should believe also on the internet "huge truth"

KiwiDoc: I just hate to quote anyone without permission

Butifldrm: ‹@gold642› I can only give you my opinion

gold642: well the internet is NO different then the tv or print

molonlabe: ‹@Butifldrm›And a lot of that "wisdom" came from bad judgement.

Butifldrm: Sorry guys had to refresh

KiwiDoc: ‹@Butifldrm› one thing about illusion, you think you can believe what you see. there in is the "Catch 22"

Butifldrm: IMO one day the Dinar will be worth more than the Dollar

KiwiDoc: oops my age....Chattels can explain "Catch 22"

Butifldrm: IMO the system Iraq, US including the world is a debt bases sytem

Butifldrm: system

Butifldrm: when it all shakes out. No country hold more debt than the US

gold642: and the us will never colapse

KiwiDoc: ‹@Butifldrm› If is does remember it's true origin, but they are still trading women to settle disputes, so there are parts of the country that aren't being plagued by terrorism but are not coming to the party on human rights.

Comments may be made at the end of Part 2  Thank You


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OOTW & Member Chat Discussion 6-30-15  Part 2 of 2

Post From Wealthwatch.world Chat Room Part 2 of 2

sczin11: Allawi injury news for heart attack By Roudao One hour ago Roudao - Erbil It was reported wounded by Vice President Iyad Allawi, on Tuesday, a heart attack was taken to a London hospital. According close to Allawi, the Vice President Iyad Allawi sources transferred to London to receive treatment after he suffered a heart attack due to stress and fatigue. 

He was Vice President Iyad Allawi, have been suffering from hardening of the arteries problems is continuing in treatment, according to his personal physician Harley Starrett.

sczin11: wealthwatch.world/showthr...

MichelleL: he "was" are they saying he's dead?

jarhead: no

MichelleL: more arabish

sczin11: ‹@MichelleL› I THINK STATING HE HAD HA N IS IN LONDON HOSPITAL

MichelleL: he was and is continuing
~~~
whitelions: INTERVIEW-Iraq to issue intl bonds in August .......Iraq's budget deficit has risen to around 12% of GDP, said a central bank official. The Iraqi government is planning to issue a total of USD 11 billion in domestic and international bonds in the next two months to cover the state budget deficit, the acting central bank governor said. http://ift.tt/1ewhcZN....

MichelleL: Sczin he was trained there and has a house there, maybe he wants to stay till the world gets better

MichelleL: should have taking his compatriot M with him though

sczin11: COULD MAHMOOD BE NEXT..Abadi referral Babacar Zebari to retire on reaching the legal

sczin11: wealthwatch.world/showthr...

whitelions: ‹@sczin11› looks like Abadi is cleaning up lol I'm so happy doing the dance

MichelleL: lol whitelions

sczin11: ‹@whitelions› I SURE HOPE SO

OOTW: I'VE JUST REVIEWED THIS,..EXCELLENT INFO

OOTW: AND I AGREE WITH SCZIN11 WE'RE SEEING SUCH GREAT PROGRESS

OOTW: ALSO TY WHITELIONS

Doug_W: Stock market gained a LIL today

OOTW: YEAH DOUG...I THINK THE CONSENSUS IS THAT IF THIS DEFAULT'S GOING TO HIT US, IT MAY TAKE A FEW MONTHS

jarhead: sayin october

jarhead: possibly

TxBrand: ok ...I like that guy lol ---> we are in an abnormal market and when there is an under valued market its going to correct its self and when you see a prolonged under valuation its just a matter of time before you see the price move higher

OOTW: TX BRAND

chattels: Babaker Baderkhan Shawkat Zebari (Arabic: بابا كر بدرخان شوكت زيباري‎) was a General in the New Iraqi Army. Zebari was chief of staff of the Iraqi army from 2003 till 2015.

OOTW: AN AMERICAN EAGLE, AS YOU'VE PROB ALREADY LEARNED IS A SILVER COIN - MOST OFTEN TIMES, PLACES WILL CHARGE 5.00 "OVER SPOT" SO SAY IF THE PRICE FOR SILVER PER OUNCE COSTS 16.00 YOU WOULD BE CHARGED 21.00 BY THE COIN SHOP TO PURCHASE AN AMERICAN EAGLE COIN

chattels: http://ift.tt/1ehROX0...

chattels: Military sources say a Kurdish general with the Iraqi Air Force, Anwar Hamad Amin, is expected to replace Zebari.

chattels: "He had asked himself to retire, that request has been refused several times. He was someone who was due to leave the job," she said. "His replacement is said to be also a Kurdish general. This is essentially a policy position that has traditionally been given to Kurds."

chattels: " .... this particular position is not seen as having had huge amount of bearing on those failures on the ground." , i.e., Mosul and Ramadi

chattels: The Iraqi military suffers from both poor training - which the US military says it largely abandoned after the 2011 withdrawal of American forces - and lacking leadership.

Zebari repeatedly said before the withdrawal that it would be better if US forces stayed, as it would take years for the Iraqi army to be fully ready. "If I were asked about the withdrawal, I would say to politicians: the US army must stay until the Iraqi army is fully ready in 2020," Zebari had told AFP in 2010.

chattels: While Zebari was chief of staff, military responsibility was devolved elsewhere post 2011, with former Prime Minister Nouri al-Maliki centralising control of the armed forces in his office and bypassing the defence ministry.

OOTW: YES TXBRAND THAT'S THE RIGHT VIDEO

OOTW: HIS INFORMATION TO ME, IS NOT OVER THE TOP COMPARED TO MOST I'VE LISTENED TO

chattels: THE THREE PRESIDENTS HAVE THAT RIGHT — SO THEY WILL BE ADDRESSING THE IMPORTANT LAWS THIS WEEK…THEY CAN PUSH THEM THROUGH…THIS IS GREAT NEWS. [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY. - ZERODAY

chattels: WHAT !!!!!!!!!!!!!!!!!!!!!!!

chattels: WHERE DOES THIS STUFF COME FROM ???????????????

chattels: EXECUTIVE ORDER ????????????

chattels: SOMEBODY SHOW ME THE INK ON THAT PLEASE

chattels: I SAY BOVINE SCATOLOGY

MichelleL: don't hold your breath

MichelleL: time to relax for 10 minutes before getting all excited and calling my friends and excitable relatives ROFL

chattels: ‹@OOTW› I SEE WHERE YOU ARE CONSIDERED WORTHY PRESS BY THE GREAT " BANNER "

OOTW: LOL

gold642: Central hails anti-money laundering law 06/30/2015 17:45

gold642: Keywords House of Representatives called on to give priority to pass a law where there is a few months deadline given to Iraq if they are not in Iraq approve the project will be put on the blacklist,

gold642: which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations",

gold642: "the new law lays the framework and concepts clear and effective & Conditions It enables the central bank, the judiciary and the relevant authorities to exercise the roles and tools commensurate with the seriousness of the crimes of money laundering and terrorist financing. "

chattels: Chapter one [The Legislative Power] Article 48: The federal legislative power shall consist of the Council of Representatives and the Federation Council.

gold642: http://ift.tt/1LBTFmS...

chattels: IRAQI CONSTITUTION http://ift.tt/1ehROX2....

chattels: Article 60: First: Draft laws shall be presented by the President of the Republic and the Council of Ministers. Second; Proposed laws shall be presented by ten members of the Council of Representatives or by one of its specialized committees.

chattels: Article 61: The Council of Representatives shall be competent in the following: First: Enacting federal laws.

chattels: [The Executive Power] Article 66: The federal executive power shall consist of the President of the Republic and the Council of Ministers and shall exercise its powers in accordance with the Constitution and the law.

whitelions: ‹@chattels› you are a wet blanket lol are you trying to tell me that article 's 60&61 won't be met ?

whitelions: and 66

chattels: ‹@whitelions› I AM TRYING TO DEMONSTRATE THAT ZERODAY IS A ZERO

whitelions: ok what did I miss what is zeroday?

sczin11: ‹@chattels› ‹@whitelions› ROFLMAO

chattels: Article 67: The President of the Republic is the Head of the State and a symbol of the unity of the country and represents the sovereignty of the country.

He shall guarantee the commitment to the Constitution and the preservation of Iraq’s independence, sovereignty unity, and the safety of its territories, in accordance with the provisions of the Constitution.

whitelions: if your talking about everything happening all in one day well I don't think any of us except that but they are getting all thier ducks in a row so that it will go smoother than ever before

chattels: Article 73: The President of the Republic shall assume the following powers:

chattels: Third: To ratify and issue the laws enacted by the Council of Representatives. Such laws are considered ratified after fifteen days from the date of receipt by the President.

chattels: MY POINT IS THAT THE THREE PRESIDENTS, INDIVIDUALLY OR IN CONCERT, HAVE NO CONSTITUTIONAL POWER TO ENACT LAWS.

whitelions: ‹@chattels› I Just figured out how to this lol

whitelions: ‹@chattels› your right they don't

whitelions: testing

MrDiagy: ‹@chattels› where's the RV bud?

chattels: Article 78: The Prime Minister is the direct executive authority responsible for the general policy of the State and the commander-in-chief of the armed forces. He directs the Council of Ministers, presides over its meetings, and has the right to dismiss the Ministers, with the consent of the Council of Representatives.

chattels: Article 80: The Council of Ministers shall exercise the following powers:

chattels: Second: To propose bills.

chattels: CONSTITUTIONALLY, LAWS ARE ENACTED BY PARLIAMENT ALONE. PERIOD. END OF STORY.

chattels: AND ENACTED BY THE OBSERVANCE OF PROCEDURES, READINGS, ETC.

chattels: I FIND NO CONSTITUTIONAL BASIS FOR TRUNCATION OF SUCH PROCEDURES

Sam: ‹@chattels› HI... i see lots of red, dear....is this good reports

Sam: truncation lol 

Sam: our own bill oreilly

Sam: by the way GE

 Sam: need good news love

TxBrand: Trump is suing them for 500 million ... maybe others will think hard before they try to do him n lol

sczin11: ‹@chattels› WE ARE ANXIOUSLY AWAITING YOUR EXPLANATION TO WHITELIONS OF WHOM U R REFERRING TO IN YOUR TIRADE ABOVE...LOL

chattels: THERE IS NO " FAST TRACK " FOR LEGISLATION IS WHAT I WANT EVERYONE TO UNDERSTAND - THE CONSTITUTION REQIURES " PUBLIC " READINGS, ETC.

OOTW: SOMEONE JUST ASKED ME IF I EXPECTED TO SEE A CHANGE IN VALUE AND THIS IS WHAT I SAID:

whitelions: ‹@sczin11› he answered just not where you could see lol

OOTW: I WANT TO SEE HOW GLOBAL ECONOMIC ISSUES PLAY OUT - ALTHOUGH I THINK KEYWORDS IS NOT DOING A GOOD JOB, I'VE NO DOUBT THAT THE PEOPLE OVERSEEING THIS IN IRAQ ARE GOING TO BE WATCHING THE STATE OF GLOBAL WEALTH.

NO COUNTRY IS AN ISLAND, ESPECIALLY IN TODAY'S ECONOMIC CONDITION/S. YOU KNOW, I'VE ALWAYS SAID, I WANT TO SEE THE ACTUAL PRIVATE SECTOR LAUNCHED - WHICH WE'RE VERY CLOSE TO SEEING.

I DON'T MAKE PREDICTIONS..I JUST WATCH AND REPORT...AS YOU KNOW. I'M SO GLAD TO HAVE YOU ON OUR SITE AND TRULY, IF I SEE WHAT I THINK IS A GREAT SIGN SOMETHING MAY SOON BE HAPPENING I'LL LET YOU KNOW..

BUT, THERE'S MANY STEPS NEEDED, AND EACH OF THOSE STEPS, CONNECTS TO ANOTHER SET OF STEPS..BUT WE ARE GETTING THERE, SLOWLY BUT SURELY. OOTW

chattels: ‹@sczin11› TRYING TO BE " NICE " AND DISCREET :)

Sam: ‹@OOTW› Thank you

Sam: certainly glad there is someone who can interpret this stuff

sczin11: ‹@chattels› THERE MAY BE ONE EXCEPTION, DUE TO THE QUESTION OF THEIR AUTONOMY, AND UNDERSTANDING CONSTITUTIONAL DEFINITIONS, THAT BEING THE BANKING LAWS...CBI

OOTW: I TRY

Sam: ‹@OOTW› ‹@chattels› ‹@sczin11› and anybody else

chattels: LAWS ARE VOTED UPON INDIVIDUALLY AND NOT AS A " BASKET "

Sam: and you guys can disagree and still get along

chattels: IS IT POSSIBLE THAT PARLIAMENT MAY AGREE TO PASS ONE LAW IF OTHER LAWS ARE AGREED UPON ? , yES. iS THAT A " BASKET ", WELL, IT IS A COORDINATED LEGISLATIVE ACTION(S)

] sczin11: ‹@chattels› ACTUALLY READ A RELEASE IT MAY B IN FORUM TODAY, WHERE THE MP STATED WE NEED TO PASS SUCH AND SUCH, AS MANY OTHERS DEPEND ON IT AND WILL FOLLOW IN SUCCESSION

Sam: another REP candidate Christie

chattels: ‹@sczin11› CERTAINLY PLAUSIBLE

Sam: that makes 14
chattels: BUT IF OOTW CANNOT CONFIRM THAT THERE HAVE BEEN TWO READINGS THEN THE BILL IS NOT GOING TO BE SCHEDULED FOR A VOTE, imo

OOTW: WELL CHATTELS WE'VE SEEN THEM READ ONE LAW TWICE IN A DAY

OOTW: ANYTHING'S POSSIBLE   OOTW: :)

[06:44:27 PM] chattels: AND THERE IS A FOUR DAY WAITING PERIOD BETWEEN THE FINAL READING AND A VOTE, imo

sczin11: HERE WE GO.... " IT IS IRAQ"

OOTW: YEP

whitelions: ‹@chattels› but they have been put into the e-Guillotine we don't know yet tomorrow will be an exciteing day I hope

chattels: WELL, I HAVE PONTIFICATED AS MUCH AS I AM INCLINED TO DO FOR ONE DAY

sczin11: ‹@whitelions› TOMORROW MAY BE NOTHING BY THE MOST RECENT RELEASE I FOUND..ITS PISTED IN FORUM

chattels: ‹@whitelions› I ALLOW FOR THE POSSIBILITY THAT I AM WRONG

Sliderule: Thanks Chattels

whitelions: ‹@chattels› me too it's the best way to go

sczin11: ‹@chattels› BY THE WAY, YOU GOTTA LINK FOR WHAT STARTED THIS WHOLE CHAT?

chattels: ‹@sczin11› I DO NOT BELIEVE THAT ANYTHING SIGNIFICANT IS GOING TO HAPPEN THIS WEEK IN PARLIAMENT

chattels: ‹@sczin11› DU OBSERVER

sczin11: ‹@chattels› I GOT THAT YIN....BUT, YOU NEVER KNOW...EVEN TONY WILL BE RIGHT ONE DAY

chattels: ‹@sczin11› http://ift.tt/1tHIw7s...

sczin11: ‹@chattels› TY

MrDiagy: ‹@sczin11› that's what im talkin bout

chattels: ‹@sczin11› VERY POSSIBLE, BUT WHAT VALUE / INTEGRITY IS THERE IN GUESSING EVERYDAY IN THE HOPE / EXPECTATION THAT IT WILL HAPPEN ONE DAY ? IS THAT REDEMPTION AT WORK ? :)

chattels: ‹@sczin11› WE ARE NOT AT CROSS PURPOSES, JUST SAYIN' :)

OOTW: OOTW - [IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE “50/100K” ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A “DOUBLE” ING OF VALUE OF THE DINAR..

THE RESERVES SUPPORT THIS TWICE OVER…AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR “DOUBLE” TO OFF SET THE TARIFFS…WHAT REALLY WILL HAPPEN, I DONT KNOW. 

WE DON’T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE…

chattels: tempo and / or pace is the key to life and every facet of it, IMO

chattels: “You have power over your mind - not outside events. Realize this, and you will find strength.” ― Marcus Aurelius

chattels: “The happiness of your life depends upon the quality of your thoughts.” ― Marcus Aurelius

OOTW: SO TRUE CHATTELS

chattels: “The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.” ― Marcus Aurelius

OOTW: EVERYONE BUTIFLDRM IS GOING TO COME INTO THE CHAT ROOM SOON TO TALK TO YOU ABOUT SOMETHING

chattels: excerpts from Marcus Aurelius, Meditations

[07:01:30 PM] OOTW: ANYONE THAT WANTS TO LEARN MORE ABOUT SOME "HEDGES" WITH THE POTENTIAL FORTHCOMING ECONOMIC CHANGES, MAY BE INTERESTED IN WHAT SHE HAS TO SAY

wealthwatch.world Chat Room -- 

(Recaps Note: Butifldrm chat will be posted shortly)


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OOTW & Member Chat Discussion 6-30-15 Part 1 of 2

Post From Wealthwatch.world Chat Room  Part 1 of 2

disciple7: imo we still have a bit to go though

dwsdad: ‹@disciple7› I hope not

jarhead: doug said a rate and date yesterday butn i doubt we'll get him to repeat it lol

disciple7: ‹@dwsdad› I agree I hope im wrong..

dwsdad: ‹@jarhead› so if he won't, feel free to spill the beans

disciple7: ‹@Doug_W› date and rate?

dwsdad: maybe if we bug him enough...........

disciple7: ‹@Doug_W› ‹@Doug_W› ‹@Doug_W› date and rate?

disciple7: I said a date and rate once  :laughing:  :laughing: I failed..
~~~
disciple7: at this point its more fun than anything.. its pretty obvious itll be wrong but someone HAS to hit it sooner or later..haha

dwsdad: ‹@disciple7› ain't that the truth

dwsdad: I think it's gotta be $1+ otherwise they will never de-dollarize

Doug_W: assets.blog.hemmings.com/...

Doug_W: there is my next MH  lol

disciple7: ‹@Doug_W› jarhead called u out on a date / rate from yesterday??

jarhead: lol

dwsdad: jarhead has a memory like an elephant

disciple7: ‹@Doug_W› and is that a MH or a rocket?

jarhead: and a sense of humor lol

] dwsdad: rocket powered MH

disciple7: doug u thinking about going to the moon on ur next trip?

jarhead: lol

disciple7: ‹@jarhead› doug wont give us his... do u have a date / rate?

Doug_W: To teh MOON Alice

jarhead: $3+ any day ending in Y

disciple7: ‹@jarhead› so not mondai, tuesdai, or wednesdai?

dwsdad: only if ur in Europe

disciple7: hahaha

jarhead: lol

disciple7: I agree with 3+  :smile:

dwsdad: Maybe RI at $3.22, then float up

dwsdad: dang...did I just say float????

disciple7: ‹@dwsdad› im praying for 3.86.. that's my check out..

] jarhead: $3.71

dwsdad: I'd take a buck right now and clean up my debt

quicktolegit96: WHAT IS THIS INTERNATIONAL CROSS WITH ASHUR BANK ABOUT, ASHUR IS A BANK IN BAGHDAD

disciple7: ‹@quicktolegit96› International transport foreign trade company..

disciple7: could be wrong though I googled it.

 [02:31:35 PM] Donnie: CryptoWall ransomware cost US victims at least $18 million, FBI says

[02:31:36 PM] Doug_W: want sum of mine Jar

[02:31:59 PM] Donnie: Malware that encrypts all of a victim's files and holds them for ransom - what's commonly called crypto-ransomware or cryptoware - continues to be hugely successful in making money for the criminal gangs who perpetuate it. According to a public service announcement from the FBI's Internet Crime Complaint Center (IC3), the CryptoWall variant of crypto-ransomware cost US businesses and consumers at least $18 million between April 2014 and June 2015.

That figure is based on complaints from 992 CryptoWall victims, and includes related damages such as the cost of network mitigation, loss of productivity, legal fees, IT services and credit monitoring services.

Donnie: read more here: nakedsecurity.sophos.com/...

whitelions: ONE OF THE BEST ARTICLES OF THE DAY Central Bank calls on Parliament to speed up the passage of anti-money laundering to avoid the "blacklist law." http://ift.tt/1ewhcZN....

OOTW: thanks whitelions we have this article as well in addition to parliament agenda info wealthwatch.world/showthr...

 whitelions: ‹@Doug_W› It's going to happen in chat rooms b/c not all people are alike it's how you handle thats why I try never to talk usa politics or religion in chat rooms I don't know the people well enough

MichelleL: but the news is still available in other places, nothing is ever secret in dinarville

MichelleL: i think its amazing how the group mentality in all these places tends to lower the age to 14 on so many occasions - sometimes really funny

Doug_W: I am 76' above sea lever M

whitelions: ‹@MichelleL› I agree but if you think about it it's like that everywhere in life you have to recognize it for what it is some people have never got out of gread school emotionally

MichelleL: absolutely whitelions - happens in political office/work environments all the time too

Donnie: 1 hr and 10 mins until Greece puts up or defaults on their debt - tic tock.... tic tock

disciple7: ‹@Donnie› my guess is default

Donnie: yes... me too

Donnie: then the domino starts...

disciple7: ‹@Donnie› agreed

OOTW: IT DOESN'T COST MUCH TO BUY AMERICAN EAGLES

OOTW: AS A HEDGE

OOTW: OR TO BUY CANNED FOOD, POWDERED MILK , CANDLES ETC

Donnie: TP

disciple7: ‹@OOTW› u thinking hyper inflation or something?

disciple7: ‹@TxBrand› silver or gold coins

TxBrand: http://ift.tt/1aDIqLr

TxBrand: I don't know what a good price is

TxBrand: we only have about 10 cases of food... some gone out of that...

disciple7: ‹@TxBrand› maybe check kitco.com

OOTW: DISCIPLE..SORRY LET ME READ

OOTW: YES I'M THINKING HYPERINFLATION

OOTW: YES

OOTW: EVERYONE WHO THINK HCL IS A TRIGGER POINT FOR AN "RV" PLEASE LEARN MORE ABOUT THE HCL wealthwatch.world/showthr...

disciple7: ‹@OOTW› hyper inflation with the trigger being a greek default?

jarhead: then theres puerto rico

OOTW: MANY ECONOMISTS, FROM VARIED POLITICAL AFFILIATIONS THINK SO, YES DISCIPLE

jarhead: theyre defaulting too

OOTW: AS WELL AS THE COMMON THEORY THAT WE'LL BE SEEING BANK BAIL INS ALL OVER THE GLOBE

OOTW: ITALY MAY WELL BE NEXT

jarhead: nuthin but a prop

disciple7: ‹@OOTW› ok just making sure.. yea I agree. this could be in the very near future

OOTW: YES

jarhead: for more failure

quicktolegit96: OOTW WHAT IS THE TRIGGER? BANKING REFORM?

OOTW: A COMBINATION OF ASPECTS

OOTW: GREECE DEFAULT MAY WELL BE A TRUE TRIGGER OR A FALSE FLAG

quicktolegit96: I AGREE

OOTW: YES

disciple7: ‹@OOTW› ive been watching for this for some time now..

OOTW: ME TOO

OOTW: BUTI FOUND A VIDEO WHICH I ACTUALLY THINK IS REALISTIC

OOTW: SHALL I POST THE LINK?

disciple7: ‹@OOTW› which one I think I watched

disciple7: guy with the gray hair?

disciple7: that was a great video if so

disciple7: ‹@OOTW› iyo how long do u think it could be bad in the states for before things turn around? if it heads that way?

 OOTW: http://www.youtube.com/watch

OOTW: YES
sczin11: HUGE STATEMENT

sczin11: Governor of the Central Bank Calls for Parliament to accelerate the adoption of anti-money laundering law By Roudao One hour ago

sczin11: Called on the Governor of the Central Bank of Iraq on the Keywords, on Tuesday, the Iraqi Council of Representatives to speed up the adoption of the draft Anti-Money Laundering Act, the Council of Ministers praised the passage of the bill submitted by the Bank. 

Keywords and said in a press statement, "We commend the decision of the Council of Ministers to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the

sczin11: latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations." (Folks, remember FATF...THE MEFATF IS WHAT FORMER GOVERNOR TURKI IS PRESIDENT OF..THE MIDDLE EAST FATF...)

sczin11: And he called on the Governor of the Central Bank of the House of Representatives to "give priority to pass a law where there is a few months deadline given to Iraq if it is not the adoption of the project will be placed Iraq on the blacklist, which

sczin11: has serious consequences for Iraq's position internationally."

sczin11: (Must get it done or they will be out of compliance with the international requirements they want 

sczin11: Governor of the Central Bank Calls for Parliament to accelerate the adoption of anti-money laundering law He noted that "the new law lays the framework and concepts clear and effective provisions enable the central bank, the judiciary and the relevant authorities to exercise the roles and tools commensurate with the seriousness of the crimes of money laundering and terrorist financing."

sczin11: wealthwatch.world/showthr...

sczin11: y laundering law submitted by the central bank, which was put on according to the sczin11: latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations." (Folks, remember FATF...THE MEFATF IS WHAT FORMER GOVERNOR TURKI IS PRESIDENT OF..THE MIDDLE EAST FATF...)

sczin11: has serious consequences for Iraq's position internationally."

sczin11: has serious consequences for Iraq's position internationally."

jarhead: what does all that mean scz??

jarhead: is it a law they want passed or is someone in trouble?

MichelleL: what am i missing? people positioning themselves for starvation and so forth? not a good year for me to stockpile food, been trying to keep the mous/mice out for weeks

sczin11: ‹@jarhead› IT IS A GREAT LAW , REQUIRED FOR INTERNATIONAL COMPLIANCE, OR THEY BECOME BLACKLISTED BY THE WORLD, SO TO SPEAK...

ALSO GIVES THEM THE RIGHT TO PARTICIPATE WITH THE INTL COMMUNITY IN RECOVERING FUNDS

 jarhead: kool

Comments may be made at the end of Part 2  Thank You

wealthwatch.world Chat Room 


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Late Monday Night Jester Chat: "Distractions"

Jester's Place: 

[Jester] HI GUYS AND GALS... HOPE EVERYONE IS DOING WELL ON THIS FINE EVENING...

[SoldierofChrist] Jester is Jack Lew in greece part of the Big Picture???

[Jester] SoldierofChrist I DO NOT THINK HE IS IN GREECE I THINK HE TALKED TO TSIPRAS ON THE PHONE...

[Jester] BUT... FOLLOWING UP FROM LAST NIGHT... I HAD SOME PRETTY NON-MAINSTREAM THINGS TO SAY ABOUT THE GREECE DEBACLE... NOT THAT ANYONE BELIEVED MY OPINION THAT GREECE IS A SMALL ISSUE OR A DISTRACTION...

BUT INTERESTINGLY ENOUGH ANOTHER POSTED SIMILAR TODAY... LIKE TO SEE THAT? THEN YOU CAN WONDER IF MAYBE I AM RIGHT ABOUT IT?
....
[Jester] USUALLY IT TAKES A FEW DAYS FOR THIS KIND OF INFORMATION TO COME UP AFTER I SAID SOMETHING CRAZY... AND BY THEN EVERYONE FORGOT I SAID IT.... LOL

[Jester] WELL LETS TAKE A LOOK JUST FOR FUN...

[Jester] Gripping Drama: France, Italy to Split Eurozone Not Greece

[Jester] Focusing so intently on the debate of Greek debt is a global error which also seems to be a deliberate one. Whereas, Italy and France are creating a real threat to the stability of the Eurozone, writes Spanish media portal El Economista.

[Jester] THAT FIRST SENTENCE IS THE ONE THAT I FOUND INTERESTING... DELIBERATE...

[Jester] Tension regarding the Greek default is at its highest. Brussels has suggested that Greece cut pensions, raise taxes and tighten its belt to make ends meet.

[Jester] However, Greek Finance Minister Yanis Varoufakis recalled that Greece has made its proposals to creditors, and currently is waiting for the EU to show its "goodwill". He also stressed that the Greek side has already placed all its ideas on the negotiating table and that it is not planning to submit any new offers.

[Jester] As the debate continues, Spanish media outlet El Economista highlights another much more important element in the situation. The constant attention the Greek debt issue has received on a global scale has conveniently hid another major problem in Europe, reports the Spanish portal.

[Jester] DELIBERATELY? HMMM...

[Jester] “Greece is a small country with a population of 10 million. But the attention that has been riveted upon Greece seems like the country is a huge state — the protagonist of a multiethnic territory of over 320 million inhabitants. Focusing so intently on the debate of Greek debt is a global error. It also seems a deliberate one. Italy and France (more than 126 million people) — that's what creates a real threat to the stability of the Eurozone,” El Economista reported.

[SoldierofChrist] Jester wow doesnt get any clearer than that lol

[Jester] This idea was first expressed by Satygitom Das (author of the book ‘Traders, Guns and Money’). Das in his column for the Financial Times remarked, “Italy and France are the creators of the debt avalanche, the mountain looming over the EU. Both countries are characterized by weak progress in the economy, rising unemployment and an increase in the number of poor.”

[Jester] Italy's debt now accounts for 259% of its GDP and France’s is already at 280%, with Italy's budget deficit at 3% and France’s at 4.2%.

[Jester] Moreover, France has not recorded the data of its expenditure and revenue since 1974.

[Jester] SAY WHAT? SERIOUSLY?

[Jester] “The almost indiscernible GDP growth, rapidly progressive impoverishment of the people, the depletion of social funds, lack of competitiveness and a complete inability to carry out the necessary reforms — that list is just a few problems that are present in these two countries today, with no reforms for solving the problem anywhere in sight. It is easier to hide by changing the public's attention to some other object,” El Economista wrote.

[Jester] Greece on the other hand is suffering greatly with the prospect of a default creeping ever closer. But it does appear that Greece is not the reason for the EU’s troubles.

[Jester] READ FOR YOURSELF....  
http://ift.tt/1LGQkE5

[SoldierofChrist] Jester great article

[Jester] SO NOW WHAT DO YOU THINK ABOUT IT? WHILE OTHERS ARE CONTINUING TO DISTRACT YOU... WHAT ARE YOU MISSING?

[SoldierofChrist] Jester now it leaves the question what are they trying to divert the attention from, plan b?

[Jester] SoldierofChrist THEY JUST TOLD YOU IN THAT ARTICLE... THE REAL ISSUE IS NOT GREECE...

[Jester] NOW YOU HAVE SOMETHING BETTER TO WATCH FOR ON THE EURO FRONT...

[Grace2beme] That's what I took from what I read in forum.

[SoldierofChrist] Jester its crazy the difference in news coverage from other countries

[Jester] SoldierofChrist IF YOU ARE STILL WATCHING MAINSTREAM MEDIA YOU ARE ALREADY IN THE TRAP THEY HAVE LAID FOR YOU...

[kirbycat94] Jester Whoever thought we'd be getting truthful news from Russia. Still astonishing

[Jester] LIKE TO SEE SOME MORE DISTRACTION?

[SoldierofChrist] Jester yes please

[Jester] While China's AIIB Makes Headlines...BRICS Bank Moves Ahead

[Jester] While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support (to the surprise of many, including China itself), another bank headquartered in China seems to be flying under the world's radar.

[Jester] HMMM... UNDER THE RADAR... MEANING NO ONE IS REPORTING IT... IS EASY ENOUGH TO FIND IF YOU ARE LOOKING...

[Jester] Few people have heard of the BRICS New Development Bank (NDB). This was the strong impression I got after visiting Washington, Sydney and Canberra over the last couple of months.

[Jester] The NDB idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and it initially encountered the same cynicism as the AIIB. The five BRICS countries (Brazil, Russia, India, China, South Africa) were not deterred, however, and finally converted intention into reality in 2014. Progress on the NDB inspired the AIIB initiative intellectually, and also provided some momentum for the AIIB's launch in 2013.

[Jester] ALONG WITH THE US RENEGING ON THE GOLD RE-INSTALLATION PACT WITH 140 OTHER COUNTRIES IN MY OPINION... BUT THAT IS ANOTHER STORY...

[Jester] IN MY OPINION THAT WAS THE START OF PLAN B...

[Jester] The relative lack of attention given to the NDB compared to the AIIB is understandable. Geopolitically, the AIIB is about the China-U.S. relationship, the most important bilateral relationship in the Asia-Pacific and perhaps the world. However, it would be a mistake to assume that the NDB's slower progress is a signal that there is no place for it.

[Jester] The BRICS countries share a common interest in 'rebalancing' the international financial system – getting their money back from the Western banking system to finance their own infrastructure and development, and enhancing the resilience of their financial systems. It is these common interests that drove the NDB project, notwithstanding the fundamental differences between its five members.

[Jester] DANG... WHEN PUT LIKE THAT IT GIVES NEW MEANING TO WHAT IT IS ALL ABOUT...

[Jester] South-South cooperation remains an important step for more balanced global economic development, where the NDB will be relevant. In addition, the NDB can play a role in geographic regions that the AIIB will not focus on, such as Africa.

[Jester] The real issue now is how to make NDB a success. So far, it is moving ahead in stages.

[Jester] Kundapur Vaman Kamath, the most prominent private banker in India, has been nominated as the first president. This is good news, not only because Kamath was considered the least controversial candidate but also because his identity can send a message to the world that the NDB is to be managed as a bank rather than maneuvered as a diplomatic instrument. Russia may want the NDB to serve its geopolitical interests, as indicated by the fact that it has invited Greece to become the sixth member, but this proposal will not be accepted by the other BRICS countries.

[Jester] WHAT?... DID YOU SEE THAT?... GREECE INVITED TO BE THE 6TH MEMBER?... DOES NOT SEEM LIKE IT WILL HAPPEN... BUT... HMMMM.... THE GAME IS AFOOT WATSON!...

[Jester] Undoubtedly the strongest support for the NDB will come from China, despite the fact that it has the same formal decision-making power as the other four BRICS countries.

[TxBikerLady] lol

[Jester] TxBikerLady THAT IS KIND OF FUNNY... BUT RUSSIA SURE SEEMS TO BE CHUMMY WITH GREECE... THAT MUCH IS CERTAIN...

[Jester] Within China, the NDB is seen as one package with the AIIB, and both banks are still at the preparatory stage. The Shanghai municipal government has given strong support to the NDB as the first international organization headquartered in Shanghai and the first international financial organization headquartered in China. The NDB is expected to help strengthen efforts to build up Shanghai as an international financial centre. What the Chinese and Shanghainese governments should provide is more entrepreneurship and intellectual leadership in defining the mandate of the bank. The fact that all the BRICS countries are now founding members of the AIIB could also help the NDB develop a consistent and complementary relationship with that organization.

[diditrvyeet] jester ha that was a good one

[Jester] NOT THE LARGE VENUE I NORMALLY LIKE... BUT THEY SEEM TO BE SAYING IT RIGHT...


http://ift.tt/1ILHdvC

[Jester] ON THE OTHER HAND...

[Jester] Successful Endeavor: BRICS New Development Bank Progress Inspires AIIB

[Jester] The NDB bank is expected to become an alternative to Western-dominated financial institutions, such as the IMF and the World Bank.

[Jester] UT OH... CAN YOU SAY THE IMF MAY BE TRYING TO DO ALL IT CAN TO STAY ALIVE?... EVER HEARD THAT SAID BEFORE?... HMMMM....

[caro] yes

[jojill] Jester yes

[Jester] The BRICS New Development Bank (NDB) idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and despite cynicism in the beginning the five BRICS countries (Brazil, Russia, India, China, and South Africa) were not discouraged.

[Jester] DANG THAT SOUNDS FAMILIAR...

[Hoosier Girl] Yeap

[Jester] While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support over time, it was the NDB that served as inspiration to the AIIB initiative, providing momentum for AIIB’s launch in 2013.

[Jester] One of the resolves of the BRICS countries is getting money back from the Western banking system to finance their own infrastructure and development, and enhancing the resilience of their financial systems.

[Jester] DANG THERE THAT IS AGAIN TOO... INTERESTING...

[Jester] The lack of attention given to the NDB compared to the AIIB could be due to the fact that geopolitically AIIB is about the China-US relationship, notes National Interest.

[SoldierofChrist] Jester youve been on point for years,  people need to start listening!!!

[Jester] AND THAT TOO....

[Jester] But for a balanced global economic development, NDB serves as the bank which is set to mobilize resources for infrastructure and sustainable development projects.

[Hoosier Girl] Yeappp

[Jester] The BRICS countries have agreed to establish a $100-billion liquidity reserve to maintain the bank's financial stability. NDB is expected to become an alternative to Western-dominated financial institutions, such as the IMF and the World Bank.

[Jester] Even though within China, the NDB is seen as one package with the AIIB and both banks are still at the foundation stage, the Shanghai municipal government has given strong support to the NDB as the first international organization headquartered in Shanghai and the first international financial organization headquartered in China.

[Jester] AND FROM A LITTLE MORE KNOWN SOURCE...  
http://ift.tt/1ILHeQg
[Jester] SO THERE YOU HAVE SOME THINGS TO THINK ABOUT... WHAT THE DISTRACTION MIGHT BE... YOU HAVE TO WONDER WHY THE MAINSTREAM MEDIA IS NOT RUNNING AROUND IN CIRCLES SCREAMING "OH CRAP WE ARE ALL GONNA DIE" INSTEAD OF THE STUPID STUFF THEY ARE FEEDING THE SHEEPLE...

[SoldierofChrist] Jester what the heck do they have to gain with their distractions they are on the same boat SMH

[Jester] SoldierofChrist THEY DO NOT KNOW THAT... THEY DO NOT GET IT... THEY ARE FED WHAT TO SAY AND THE STUFF THAT GETS PRINTED IS CENSORED...

[Jester] IF THE PTB DO NOT LIKE IT TO BE PRINTED IT GETS CUT ON THE EDITING ROOM FLOOR...

[diditrvyeet] that still shocks me

[Hoosier Girl] Always look to see what the other hand is doing....

[SoldierofChrist] Jester true, I pray God's mercy because its not going to be pretty

[Hurry Up and Wait] Jester I did not see anything about the US. Nothing positive at all. The future may not be so bright

[Jester] Hurry Up and Wait I BEEN TRYING TO TELL YOU THAT FOR SOME TIME NOW...

[Jester] SEE THIS IS WHERE I FEAR I AM NOT GETTING THROUGH... BECAUSE I HAVE BEEN SAYING THAT FOR... HMMM... ABOUT 2 YEARS...

[SoldierofChrist] Jester close to 3 years

[Jester] SoldierofChrist WELL FOR A WHILE I THOUGHT SOMEONE WAS GOING TO COME AND MAGICALLY TAKE IT ALL BACK AND SAVE US FROM OURSELVES... NOT SO SURE ANY MORE...

[Jester] IF THEY HAD HAD THE POWER TO DO SO I BELIEVE THE 2013 GOLD STANDARD RE-INSTALLATION PACT WOULD HAVE BEEN DONE AND WE WOULD ALL HAVE ALREADY BEEN ON OUR WAY...

[Jester] NOW THAT IT IS CLEAR THAT THE US IS NOT INTENT ON TAKING ANY ROLE IN THE FUTURE OF THE WORLD UNLESS THEY ARE RUNNING THE SHOW... I AM STARTING TO CONSIDER THE FACT THAT THE ISOLATION WE WILL HAVE IS THE COURSE THEY HAVE CHOSEN...

[Hurry Up and Wait] Jester You told all of us a while back to start to prepare and start stocking up on supplies

[Jester] Hurry Up and Wait YES THAT IS TRUE...

[Jester] I'LL SEE YOU ALL TOMORROW...

[Jester] NIGHT NIGHT...



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Bits and Pieces in Dinarland Tuesday Evening

Dinar Updates:

tlm724   "The agenda of the [Parliament] session number (2) Thursday 2 July 2015:  Sixth: The second reading of the draft Islamic Banking Act. ( Finance Committee , the Committee of Religious Endowments and Religious Affairs , the Legal Committee ), (16 articles).

So we have the second reading of the Islamic Banking Act and meetings back to back! 

One session on the 1st and one on the 2nd.  *hallelujah.

....
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TNT:

IKO Ward:
  Lets see, what have we learned today, Greece is done, the DOW is climbing, Iran got a seven day extension, the CBI plans to do international exchange on Thursday, and how to get a stick ring off your finger. Power to the people

Crusty:  Just thinkin out loud -- Int. exchange by CBI , Iraq lottery both on Thur. and Greece done in 2 hrs !! Sounds like RV VERY close should be done before that other stuff ????

[xyz] BREAKING NEWS: Greece defaults on $1.7 billion IMF payment  
http://ift.tt/1FNiEw9

Knight Hawk:  Greece default from Rueters
   http://ift.tt/1HrjGnc

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KTFA:


Thunderhawk » June 30th, 2015,  Backdoc Alert

VIDEO: Puerto Rico’s governor says island cannot pay back $70 billion in debt, is near ‘death spiral’


he governor of Puerto Rico has decided that the island cannot pay back more than $70 billion in debt, setting up an unprecedented financial crisis that could rock the municipal bond market and lead to higher borrowing costs for governments across the United States.

Puerto Rico’s move could roil financial markets already dealing with the turmoil of the renewed debt crisis in Greece. It also raises questions about the once-staid municipal bond market, which states and cities count on to pay upfront costs for public improvements such as roads, parks and hospitals.

[Puerto Rico, with at least $70 billion in debt, confronts a rising economic misery]

For many years, those bonds were considered safe investments — but those assumptions have been shifting in recent years as a small but steady string of U.S. municipalities, including Detroit, as well as Stockton and Vallejo in California, have tumbled into bankruptcy.

Those defaults at least offered investors the protection provided by Chapter 9 of the U.S. bankruptcy code, which sets out an orderly process by which investors can recoup at least some of their money. But like states, Puerto Rico is not permitted to file for bankruptcy. A failure to iron out an agreement with creditors could ignite an unwieldy, uncharted and long-lasting process to sort out the island’s financial obligations.

In addition, with as much as $73 billion in debt, the island’s debt obligation is four times that of Detroit, which became the largest U.S. city to file for bankruptcy in 2012.

The implications are serious for Americans outside Puerto Rico largely because many hold island bonds in mutual funds. At one point in 2013, an estimated three out of four municipal bond mutual funds held Puerto Rican bonds, which were attractive because of their high yields and exemption from federal, state and local taxes.

Puerto Rico’s governor, Alejandro Garcia Padilla, will seek concessions from creditors, which range from mutual funds in the United States to large hedge funds that have been buying Puerto Rican debt at high interest rates, in an effort to stretch out loan payments and drive down borrowing costs that are hamstringing Puerto Rico’s struggling economy.

[Can bankruptcy save Puerto Rico’s state-run corporations?]

On Monday, the governor and Puerto Rico’s government development bank released a report analyzing the island’s finances written by former World Bank chief economist and former deputy director of the International Monetary Fund Anne Krueger and economists Ranjit Teja and Andrew Wolfe.

“The report...for the first time acknowledges the true extent of the problem,” said Garcia Padilla in a statement Monday. “We must make difficult decisions to meet the challenges we now know are ahead, and I intend to do everything in my power to lead us through this time.”

The government’s conclusion that it is unable to pay its debts was first reported by the New York Times. “It’s accurate,” said Gabriela Melendez, a Washington-based spokeswoman for the Puerto Rican government. She said the governor was scheduled to make a televised address updating islanders about Puerto Rico’s fiscal crisis Monday evening.

“My administration is doing everything not to default,” Garcia Padilla said in an interview with the New York Times. “But we have to make the economy grow. If not, we will be in a death spiral.”

A U.S. commonwealth with a population of 3.6 million, Puerto Rico carries more debt per capita than any state in the country. The island has been staggering under the increasing weight of those obligations for years as its economy has tanked, triggering an exodus of island residents to the mainland not seen since the 1950s.

Meanwhile, the government has raised taxes, cut government employment and slashed pensions in a futile effort to get its debt burden under control. Those actions have only slowed the acceleration of debt creation, while harming efforts to reignite the economy.

The financial crisis in Puerto Rico has been playing out for years, although until now the government has been able to keep things moving by cutting spending and borrowing more and more money on Wall Street. But with rating agencies downgrading Puerto Rican debt to near-junk levels, the island has had to pay high rates to borrow money.

“What will happen is that our economy will get into a worse situation and we’ll have less money to pay them,” the governor said in the New York Times interview. “They will be shooting themselves in the foot.”

The island’s web of debt includes general-obligation bonds, which Puerto Rico’s constitution says must be repaid even before government workers receive their pay.

But billions of dollars more in bonds were floated by public corporations that provide critical services on the island, including providing electric power, building roads and running water and sewer authorities. Beyond the bond debt, the island owes some $37 billion in pension obligations to workers and former workers.

Puerto Rico has been pushing for Congress to grant bankruptcy protection for its public corporations, but that legislation has gone nowhere.

http://ift.tt/1TZ73VL
Thunderhawk  » June 30th, 2015,  Backdoc Alert

Puerto Rico now belongs to Wall Street


The governor of Puerto Rico has admitted that the country can't keep paying down its over $72 billion worth of public-debt obligations.

As a result, the country finds itself in a uniquely awful position.

It can't enter bankruptcy, according to its own laws, so now it has to deal exclusively with its creditors to restructure its debt.

That means it has to deal with Wall Street.

"I think the surprise was that it happened this quickly," said Brian Kelly, CEO of the Connecticut-based fund Brian Kelly Capital. "We thought it would take six months to a year ... the solution is a debt restructuring."

Of course, when you restructure an economy that is already in tatters, its ability to pay is reduced as it struggles to fulfill its obligations. It can be a vicious cycle.

And once you're in the cycle, Kelly said, "the question is: 'Is this the first domino to fall?'"

Here's the situation: Puerto Rico's economy is in recession with a 14% unemployment rate. With little money coming in, legislators were already debating major cuts to the country's $10 billion budget.

"My administration is doing everything not to default," Gov. Alejandro García Padilla said. "But we have to make the economy grow," he added. "If not, we will be in a death spiral."

But growing out of this is not an option.

For months, even as distressed debt buyers started circling, Wall Street remained optimistic that things would work out.

Earlier this month, bond god Jeff Gundlach of DoubleLine Capital told investors that he thought Puerto Rico would "make it to the goal line," adding that they would, at worst, restructure around 80 cents on the dollar.

That's not looking close to possible now, Kelly said.

A lot of Puerto Rico's debt is in municipal bonds, and thus the country's situation is similar to Detroit's.

But unlike Detroit, Puerto Rico — a US territory — doesn't have the option of using the bankruptcy process to discharge its debt.

Consequently, it will be forced to negotiate with its creditors, making it a little bit more like Greece.

Those negotiations could involve a lengthy slog — such as the one we're seeing in Greece — in which Puerto Rico must constantly go back to the table to restructure with its creditors. It will not be able to access international markets in the state it's in.

Puerto Rico's constitution dictates that the debt has to be paid before any other financial obligation is met. So a default on this obligation will require a referendum on a constitutional amendment.

It looks as if García is prepared to pursue that if he must.

"There is no other option," he told The New York Times. "I would love to have an easier option. This is not politics; this is math."

On Wall Street, if you say you're defaulting, you might as well have defaulted.

And indeed the market is treating García's statements as fact. Bond insurers guaranteeing the island's debt are getting killed in the market. The stock of Assured Guaranty, which provides municipal-bond insurance and financial guarantees for infrastructure and structured financings, has fallen over 12%, while stock of the financial-services company MBIA has fallen over 17%.

In any case, the acknowledgement is probably a good thing for Puerto Rico. Once you admit you're going down, you can start negotiating as soon as possible.

"Puerto Rico executed the mother of all news dumps on Sunday night," Kelley said, adding "the market must decide whether or not this is the beginning of a larger breakdown of the global Prisoner's Dilemma.

"In this case the Prisoner's Dilemma is if they all keep their mouth shut, investors keep buying their debt. On the other hand, the first few to confess may be able to negotiate a deal."

Puerto Rico was considering taking on another $2.9 billion of debt before it commissioned an economic study that made García say "no more."

He told The Times that the commonwealth "could not continue to borrow money to address budget deficits while asking its residents, already struggling with high rates of poverty and crime, to shoulder most of the burden through tax increases and pension cuts."

Puerto Rico's creditors have to feel the pain as well, he said.

We'll see how much pain Wall Street is willing to take.

http://ift.tt/1CEBvcS

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KTFA:

Jdtolle  » June 30th, 2015, Step beyond the limitations

Don’t take refuge in seeing yourself as a victim. Take pride in getting yourself to do good and valuable things.

Everybody has problems and limitations and extenuating circumstances. Yet progress is always possible no matter what.

Sure, there is unfairness and there is injustice in the world. Work to right those wrongs but don’t fall into the trap of using them as excuses.

When you choose to move forward, there are all kinds of things that could go wrong. But that is no reason to hide from life or to remain stuck where you are.

You don’t have to be defined by your disappointments, injuries or limitations. Choose instead to define yourself by your highest visions, your dreams, goals and ambitions.

You are a unique, creative bundle of positive possibilities, so live your life that way. There is so very much good you can do, so let go of the excuses, step beyond the limitations, and make more of the goodness happen today.

Ralph Marston   Wishing All a safe and blessed day   JDT

P.S. The world is filled with willing people; some willing to work, the rest willing to let them.
-- Robert Frost



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The Big Call For Tues.June 30th-9PM ET

The Big Call for Tuesday June 30,  6/30/15 is at 9PM ET

Kent was released today from the hospital after emergency gall bladder surgery and will be assisting me tonight.

We will discuss the latest about the economic reform occurring throughout the world...  and talk about how to be ready for our exchange. Join us tonight to be part of the discussion. 

Listen Only line:   530-881-1150     

Q&A Line:   559-726-1160    

No access code is needed for either line

Playback number:   (559) 726-1159   access code 123456# 

Link will be given to  Recaps following the call. 

Thank you for posting.

We appreciate Dinar Recaps for the wonderful effort they make.


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My Ladies Chat: "Update From Greece- Defaulted Loan to IMF"

Thanks My Ladies For letting us share from your Private Chatroom today

Sager:
Greece hasn't been extended, has it?


PrincessDD:   Looks like they gave them until Sunday

> [Tuesday, June 30, 2015 4:25:46 PM Princess DD]  Greece To Default On IMF Debt As Merkel Rules Out Fresh Negotiations Until After Referendum

http://ift.tt/1U5916S

This is it. Sunday on the Referendum

There will be no more negotiations with Greece until after Sunday’s referendum, German Chancellor Angela Merkel said on Tuesday, leaving the Mediterranean country certain to default on its debt to the IMF.

But I think they have defaulted even though its not in the news just yet
Sager:  I think these negotiations are aside from the debt owed to imf….I think they still had until 5pm est

MY LADIES:   RIGHT THEY ARE DEFAULTING ON IMF BUT WANT TO TRY TO RESTRUCTURE DEBT WITH EU AND ECB..

AGAIN IT IS JUST PUSH ME PULL YOU...SO NO MATTER WHAT HAPPENS HE CAN SAY TO THE COUNTRY I JUST TRIED EVERYTHING AND THEY WERE MEAN TO ME AND THEY PULLED MY HAIR TOO...LOL..

AW:  Greek banks remain closed for euro crisis .........ATHENS — Greece is waking up to a second day of closed banks as the country prepares to hold a referendum on the terms of an international bailout deal.

Both the Greek government and Eurozone creditors say the door is still open for talks, but neither side has indicated major concessions could be made ahead of a Wednesday expiration date for Greece's current aid program.

 In an interview with Greek television, Prime Minister Alexis Tsipras urged his country to say no to the terms of an international rescue deal being put to a referendum next week despite Eurozone leaders warning on Monday that a no vote would mean an exit from the euro.

 "The cost is immense. Their plan is not to kick us out, their plan was to end hope that in Europe there can be an alternative policy," Tsipras said.

 Sandra Gathmann, reporting for Rudaw from Athens, has more on the story in the above video.  .. http://ift.tt/1CHmp6t

AW:  Read the third paragraph..........the Greek Prime Minister is urging the country to reject the bailout........WOW…… Socialism at it's finest hour.

MY LADIES:  RIGHT NOW IT'S THE BEST OPTION FOR THE YOUNG GREEKS...THERE IS NO REAL BUSINESS IN GREECE OR ROOM FOR GROWTH THE WAY IT IS NOW.

THE BEST THING IS TO EXIT AND START AGAIN..

GREECE CAN RAISE THE MONEY EASY ENOUGH...THAT IS NOT THE ISSUE...THEY ARE CHALLENGING THE LEGALITY OF THE DEBT AND THE TERMS

Having mentioned Greece he was asked whether he believes the Greeks have anything to lose, an idea on which he quickly poured cold water:

“I think the Greeks have everything to gain. I think you only have to look at what happened to Iceland back in ’08/9 to see that if a country is in real trouble, as the Icelandics were and Greece is, that actually devaluation, default and then if you put in place some sensible economic policies, actually you can get a country back to growth fairly quickly.


PrincessDD:   And he believes they are being blackmailed and he is refusing to give into blackmail

MY LADIES:  AND THEY ARE BEING BLACK MAILED AND PRESSURED

[5:10 PM] MODELLER52: Greece officially defaults on $2.3b payment to IMF as deadline passes
http://ift.tt/1JqNU9i

Greece has defaulted on a A$2.3 billion repayment to the International Monetary Fund, as the deadline to accept a bailout package passed this morning.

The country's failure to repay the €1.5 billion debt makes it the first developed natiion to ever default on a loan from the IMF.


MY LADIES:  THANK YOU GOOD TO HEAR FROM YOU AND AUSTRALIA

MODELLER52: I will keep an eye on what our markets do, but NZ should be open now
MY LADIES:  DOUBLE WHAMMY TO GREECE... IMF MISSED PAYMENT AND EUROZONE BAILOUT EXPIRED AT THE SAME TIME

Greece debt crisis: IMF payment missed as bailout expires

http://ift.tt/1FOUy40

But the ministers said they would discuss a last-minute suggestion from Greece for a new bailout programme.

Greece is the first advanced country to fail to repay a loan to the IMF and is now formally in arrears.

There are fears that this could put Greece at risk of leaving the euro.

With the eurozone bailout expired, Greece no longer has access to billions of euros in funds and could not meet its IMF repayment.


PrincessDD:   Wow so that must have been wishful thinking to give them to Sunday.

MY LADIES:   NO….DIFFERENT ZEBRAS...THE FIRST ONE IS THE IMF, THATS OVER AND DONE DEFAULT

THE SECOND ZEBRA IS THE EUROZONE BAILOUT PACKAGE THEY ALREADY RECEIVED, THEY WANT TO RESTRUCTURE THE TERMS OF THAT...

YOU KNOW LIKE A LOAN MODIFICATION ON YOUR HOME.

IQD NOVA:  NEXT BIG PAYMENT FOR GREECE IS JULY 20th TO THE ECB!!!

PrincessDD:  Is that one they would want to make?  or they just planning to skip that one too?

IQD NOVA:  DONT KNOW. THE 5th WILL TELL US A LOT. IF THEY GO THEN I SAY THEY WILL TELL THE ECB TO EAT SH..... !!! IF THEY STAY DONT KNOW WHAT WILL HAPPEN.


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