Don't WAIT!

Wednesday, June 10, 2015

Bits and Pieces in Dinarland Wednesday Morning

Dinar Updates:

tman23   Here is what we have... The Kurds getting set for OUTSIDE FOREIGN LOANS...up to 5 billion usd...

Abadi sending a letter to the Kurds to try and calm things down (no personal visit and no Kurd visit to Baghdad?)...

Massum to mediate and Terhan to meet to talk about Kurd Independence...

I would like to know what is in the letter from Abadi to Barzani... anything short of we are going to be able to pay you in full come July 1.2 billion (and not IQD valued at 1166)...We are going to revalue the currency...I just can't tell you...

All we can do is wait the next 3 weeks out and see how they move.

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KTFA:

Big Tex:
  IMO this could be huge. If China now has become a global reserve currency it could be a final step in freeing the GCR to take place? Please give your thoughts!

BigIron:   China being welcomed into the SDR basket is huge. A new banking system with a communist country as the global leader with mutual market access. WOW. Hello RV

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Walkingstick » June 10th, 2015, 9:27 am 

Saleh appearance: high prices in Ramadan seasonal phenomenon
Author: Publisher on:June 10, 2015In: economy

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Economic Adviser to the Prime Minister stressed the appearance of Mohammed Saleh, that the rise in food prices and some of the goods in the month of Ramadan, a seasonal phenomenon soon will be gone from the local markets.

And between Saleh's (IMN) that "some traders are taking advantage of people wanting to purchase and storage before Ramadan to raise prices and profit maximization," calling on citizens to "be patient in shopping because the Iraqi market contain consumer goods sufficient country for three years to come."

And excludes observers cause decline of the dinar exchange rate this seasonal rise in prices, while the parliamentary finance committee suggested reduced demand for the dollar in the Iraqi market with the release of the new category of local currency.

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jdtolle   » June 10th, 2015, Whatever you allow

The most miserable people are those who think only of themselves. Let go of self-centered concerns, and let the happiness that is your birthright flow forth.

The most desperate people are those who obsess over their needs. Step back, see that much of what you may think you need, you don’t, and free yourself to fulfill your highest values.

Whatever you chase, eludes you. Whatever you allow, gathers around you in great measure.

Allow your love to settle upon all those who surround you. Allow your generous nature to express itself in all you do, in what you say, and in the way you relate.

Allow your dreams, interests, passions, preferences and priorities to make themselves known, sincerely, honestly, lovingly. Allow and encourage the best in others, and discover how it brings out the best in you.

Allow this moment, this day, this life you share to be as beautiful as you know it can be. Allow true richness, and watch as it spreads throughout your world.

Ralph Marston   Wishing All a safe and blessed day    JDT

P.S. Many attempts to communicate are nullified by saying too much. -- Robert Greenleaf


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TNT:

[Wyomingbill]
(IMO) Abadi wants the RV more than we do, but someone is holding it up, who do you think that is, I will give you their int. U.S. That's why Tony is right about them trying many times to RV and it is stopped . U.S. Wants Iraq to give them something , until they( Iraq) agrees , it will continue to be stopped.

Wanting Freedom:  Great article for those that want to understand what's happening RIGHT NOW in Europe, which is part of the global currency crisis:

Investors Start To Panic As A Global Bond Market Crash Begins


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TNT Cont........

Shybaby:      How do I teach my kids the value of money?

By: Randell Tiongson,

Question: Hi Randell. I’m a mom of two kids—a 3-year-old girl and a 4-month-old baby. I know that they’re still too young to understand what money is, but my husband suggested that we already start teaching them the value of money. I think this is a good thing. Soon, they will be in school and I want them to use their allowance wisely. What’s the best way to do this?—Dina, from Facebook

Answer: Dina, I’m glad you’re already thinking about how to pass on important money lessons to your kids—especially since money management is not part of the typical school curriculum. As a parent, your kids will look up to you for these important financial lessons. In fact, research says that kids start inheriting money habits from their parents as early as 7 years old. Early childhood is a great opportunity to pass on healthy attitudes towards saving and investing.

Your kids are indeed young, but if your 3-year-old is old enough to count, then she is old enough to start learning about money. Start by sneaking in some money lessons in a playful manner. For example, nursery rhymes are a great way to start instilling a money mantra. Create a simple rhyme like, “See a coin? Save a coin!” and mimic the act of putting a coin in a piggy bank. Your little girl might not understand what this means right now, but just like “Mary had a little lamb,” this could stick with her for life.

Storybooks are another great way to pass on positive financial habits. I recommend Rose Fres Fausto’s The Retelling of the Richest Man in Babylon, which is a story and activity book that teaches kids the basic laws of money. Go through the activities with your daughter—it’s a great reminder to adults just how simple these laws are.

By the time your kids are old enough for kindergarten, they can already have their own bank account. This will be important in terms of teaching them how to save, and teaching them that money should be protected. At this age, kids don’t understand abstract concepts like mobile deposits. So you need to make the lesson stick by having them do tangible interactions.

Bring the kids to the bank and encourage them to hand the money to the teller while making the deposit. Show them the bank book and explain that this money can grow if they leave it in the bank and don’t withdraw anything. Help them understand that these are savings they can someday use to buy a car or go to college.

Once your kids are in grade school, you can build upon these financial fundamentals by setting mid-term goals—the kind that requires a bit of discipline and teaches sacrifice. For example, if your child wants to buy a bike, explain that she needs to set her allowance aside for a few weeks in order to afford it. To boost her motivation, you can track progress with a visual graph.

Bringing the kids when you do the groceries offers great opportunities to teach smart financial decision-making. For example, you can compare several brands of cereal, and show that the imported ones taste just like locally made ones—but costs twice as much. And that’s why you won’t buy it. When your kids are older, you can give them a budget and a grocery list, then divide and conquer supermarket duties.

Introducing the benefits of charity is also a good way to teach healthy money habits. Encourage your kids to donate part of their allowance to a charity or non-profit. You can also volunteer your time as a family, or hold a birthday party in an orphanage. Doing charity work at a young age develops the core value of sharing their wealth to others in need, while teaching them to appreciate the material goods they have.

For these strategies to be effective, you and your husband need to be good financial role models to your kids. Your words and actions should not contradict each other, especially while your kids are young. For instance, if you tell your daughter she can’t buy a toy because it’s too expensive, and you turn around and buy something for yourself, it sends her the wrong message.

Besides teaching your kids how to save and budget, it’s important to pass on a healthy attitude towards money. Giving the impression that you’re struggling to feed the family can instill a fear of money in young kids. Avoid sighing when you open your credit card bill or complaining when you take your wallet out to pay for something. Choose your words carefully. Emphasize that when used carefully, money can be a valuable tool to a good life.

It’s never too early to start teaching kids the value of money, and I’m glad you and your husband are already thinking of how best to do this. I’m confident that you will do a fine job in raising money-smart kids.

“Train up a child in the way he should go; even when he is old he will not depart from it.”—Proverbs 22:6, ESV

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