TNT:
Iko Ward: Forex normal. ISX climbed to 1012.77 while the US markets all closed down. Asia market goes up, US market goes down. How do you like being an international trader? One wins, one loses. Can't have it both ways.
NetGlobal: This whole Greece issues just seems like smoke and mirrors to me…. I don't believe Iraq cares about what is happening in Greece. Iraq has it's own problems to deal with…. It does not seem that Iraq is in control of their economic future.
We are hearing that the Greece issue or the Iraq issue is holding up the MR.
Do you thing that Iraq really cares about Greece and what heppens there? Some other entity apparently cares and is holding things up.
....
Iko Ward: Forex normal. ISX climbed to 1012.77 while the US markets all closed down. Asia market goes up, US market goes down. How do you like being an international trader? One wins, one loses. Can't have it both ways.
NetGlobal: This whole Greece issues just seems like smoke and mirrors to me…. I don't believe Iraq cares about what is happening in Greece. Iraq has it's own problems to deal with…. It does not seem that Iraq is in control of their economic future.
We are hearing that the Greece issue or the Iraq issue is holding up the MR.
Do you thing that Iraq really cares about Greece and what heppens there? Some other entity apparently cares and is holding things up.
....
Riona: Net...what it appears to me is that Iraq will determine the economic future of the world, when the GCR kicks in. I looks like they are trying to cover every base they can find, before letting this go through.
OK Rocks: Greece is/was a tool used for ..... fill in the blank lol
Jesuspost46: okrock-true, I believe this—coverup
Netglobal: This whole Greece issue will go away and then there will be some other issue to come up.
SandolaG: Greece ANOTHER smoke-screen
Already Blessed: SANDOLA - WE ARE HERE TILL IT IS OVER....DOESN'T MATTER WHAT WE ARE WAITING FOR....WE ARE GOING TO KEEP WAITING TILL IT HAPPENS....WE JUST HAVE TO DEAL WITH IT....THE REST IS JUST INFORMATION
Already Blessed: If all you did was just look for things to appreciate you would live a joyous, spectacular life. If there was nothing else that you ever came to understand other than just look for things to appreciate, it's the only tool you would ever need to predominantly hook you up with who you really are. That's all you'd need. ---Abraham
*************************
Emailed To Recaps:
firefly :...THE IMF AND WORLD BANK ARE WORKING FEVERISHLY WITH THE IRAQ CENTRAL BANK TO GET IT ART. 8 COMPLIANT AND INTERNATIONALLY USED –
WE COULD BE SEEING SOMETHING SOONER THAN LATER.
DON'T FORGET CITI BANK IS THERE, MIDDLE EASTERN BANKS ARE ALSO IN IRAQ AND THE CBI JUST ANNOUNCED THAT IT ARRANGED FOR A CURRENCY EXCHANGE RATE WITH BANKS UNION BETWEEN USD-IQD.
THE IRAQI GOV. SAID THEY WOULD ANNOUNCE THE CREDIT RATING IN JULY AND THEY ARE ABOUT TO ISSUE INTERNATIONAL BONDS.
************************
Dinar Updates:
tman23 When I say June is the end of the road...that doesn't mean you will see a RV on July 1st... BUT it would have to show by the 15th of July... June is the end of the road...
They have to have the decision made... IMO they do!
I expect it! I believe everything needed will happen all at one time ... Maliki issue included!*
****************************
GET:
Topic: No bird soars too high if he soars with his own wings. William Blake
*****************************
KTFA:
From Premium Chat Thursday Night:
Nana Carol: SEVEN THINGS BY 7/7: (prayer recommended)
1) The GOVERNOR (Shabibi)
2) BONDS (with a soluble rate)
3) 50s & 100s
4) MASTER CARDS & VISAS & others
5) SALARIES
6) LOWER DENOMs
7) CREDIT RATING
**********
Toyvp: I might venture to say that IMO the RATE has to come out first
**********
Frank26: Yes Brother ....... Hence this is a waiting list too.
Part of a long frustrated line.
KTFA Frank
OK Rocks: Greece is/was a tool used for ..... fill in the blank lol
Jesuspost46: okrock-true, I believe this—coverup
Netglobal: This whole Greece issue will go away and then there will be some other issue to come up.
SandolaG: Greece ANOTHER smoke-screen
Already Blessed: SANDOLA - WE ARE HERE TILL IT IS OVER....DOESN'T MATTER WHAT WE ARE WAITING FOR....WE ARE GOING TO KEEP WAITING TILL IT HAPPENS....WE JUST HAVE TO DEAL WITH IT....THE REST IS JUST INFORMATION
Already Blessed: If all you did was just look for things to appreciate you would live a joyous, spectacular life. If there was nothing else that you ever came to understand other than just look for things to appreciate, it's the only tool you would ever need to predominantly hook you up with who you really are. That's all you'd need. ---Abraham
*************************
Emailed To Recaps:
firefly :...THE IMF AND WORLD BANK ARE WORKING FEVERISHLY WITH THE IRAQ CENTRAL BANK TO GET IT ART. 8 COMPLIANT AND INTERNATIONALLY USED –
WE COULD BE SEEING SOMETHING SOONER THAN LATER.
DON'T FORGET CITI BANK IS THERE, MIDDLE EASTERN BANKS ARE ALSO IN IRAQ AND THE CBI JUST ANNOUNCED THAT IT ARRANGED FOR A CURRENCY EXCHANGE RATE WITH BANKS UNION BETWEEN USD-IQD.
THE IRAQI GOV. SAID THEY WOULD ANNOUNCE THE CREDIT RATING IN JULY AND THEY ARE ABOUT TO ISSUE INTERNATIONAL BONDS.
************************
Dinar Updates:
tman23 When I say June is the end of the road...that doesn't mean you will see a RV on July 1st... BUT it would have to show by the 15th of July... June is the end of the road...
They have to have the decision made... IMO they do!
I expect it! I believe everything needed will happen all at one time ... Maliki issue included!*
****************************
GET:
Topic: No bird soars too high if he soars with his own wings. William Blake
*****************************
KTFA:
From Premium Chat Thursday Night:
Nana Carol: SEVEN THINGS BY 7/7: (prayer recommended)
1) The GOVERNOR (Shabibi)
2) BONDS (with a soluble rate)
3) 50s & 100s
4) MASTER CARDS & VISAS & others
5) SALARIES
6) LOWER DENOMs
7) CREDIT RATING
**********
Toyvp: I might venture to say that IMO the RATE has to come out first
**********
Frank26: Yes Brother ....... Hence this is a waiting list too.
Part of a long frustrated line.
KTFA Frank
KTFA Cont......
Justinanddeb: Another tidbit from FRANKIE...IHO run away from the Iranian Rial. Also, Maliki will be history in the next two months or so due to his actions.
************
JHockey007: » June 25th, 2015 Hey Everybody, Frank just going over your notes. 1st off the best call Ive heard in some time. Sorry I dont get on here as often as I'd like.
Anyway seems to me the order of the 7 things youve listed for stuff trying getting done in July, along with Iraq possibly getting a credit rating here in the next week or two & EID coming up mid-end of July I would say something big is about to happen in a wee bit.
Just too much out there to say this is going to not happen real soon possibly even sooner than we expect.
IMO I just dont see this going beyond 3/4 of this year.
************
Alan What else would happen to the currency if the 3 zeros are removed? To me the value would have to go up so IMO it does speak of the value.
**********
lcm .IMO - I believe they are talking about removing the physical currency from the market.
Remember when they are speaking it's in Arabic not English and the translation of this to me (IMO) they are not talking about any value change at all, only changing the physical note count which is why they mention not affecting the liquidity. In other words changing out the physical notes with new notes and allowing them both to function in the market for 10 years.
With all the current problems they are facing with the MR, waiting until 2017 to have any kind of change in value seems to be almost impossible at this point in time (IMO). I believe we will see this subject in more clarity in the very near future with better explanations of the desire and plan that the CBI is doing.
lcm
***********
Aggiedad77: Great thoughts lcm....and if I may add to this...something I covered either earlier today or yesterday
Earlier in the year the CBI Dr.S or his shadow spoke of the CBI reserves as at or near 68 billion dollars.....and that this was 1.5 the amount of currency on the street.....just a few weeks ago we saw evidence from them where they were talking of it being 2 times the currency on the street....and now this week we see the CBI....
Again Dr.S or his shadow saying they are at 3 times the currency on the street....so what has changed....the CBI reserves remain at $68 billion so that tells me the currency on the street is shrinking....someone turned the dryer on HIGH heat for towels....I mean currency....LOL....just something to think about in addition to what you spoke of.
Keep up the great thoughts Family. Aloha Randy
************
Walkingstick » June 26th, 2015, 6:36 am
Iraq plans to issue foreign bonds worth two billion dollars
Friday 26-06-2015 | 9:57:40
Twilight News / Finance Ministry said on Friday it plans to issue foreign bonds worth two billion dollars in the first phase of a total of five billion dollars included in the terms of the federal budget bill passed by the House of Representatives.
He said Undersecretary Fadel prophet of the Twilight News that "the first stage of the securities that we will issue bonds worth two billion dollars of the total five billion dollars that included in the budget law for 2015, passed by the House of Representatives."
He added that the Prophet "The government only agreed to issue financial bonds worth two billion dollars as a first stage."
A number of members of the House of Representatives and local government Basra strongly criticized the statements of Finance Minister Hoshyar Zebari, in which he referred to the orientation of the mortgage Basra oil in exchange for foreign securities.
The media has picked up a press statement the Minister of Finance in the federal government, Hoshyar Zebari, has said that the government continues to mortgage the Basra oil in favor of Western oil companies to obtain liquidity from the money.
Zebari said his government plans to manage emergency funds through the sales of oil reserves of Basra, through the payment system in advance for the first time, and begin economic reforms to amend the oil contracts with major Western companies.
And that has not yet determined the details of the quantities and value of those sales, known in the oil industry pre-funding but Iraq needs to liquidity to finance the military campaign against Daash To compensate for revenue lost because of falling world oil prices.
Zebari said that Baghdad also plans to change the way it manages its exploration and production contracts with oil companies such as Royal Dutch Shell, BP and Exxon Mobil.
http://ift.tt/1HkI0XN
************
Walkingstick : Chinese Gold Standard Could Create 'Fireworks' - Bloomberg Intelligence
06/25/15 - 04:39 PM EDT
NEW YORK (TheStreet) -- Could gold, the world's longest running currency be used to create a new order in global currencies?
The Chinese central bank is said to be considering backing its yuan with the yellow metal.
This move, says Ken Hoffman, global head of metals and mining research for Bloomberg Intelligence, would be a "game changer."
Why would China consider such a move? Hoffman explains that Chinese policy makers are already trying to establish the yuan as a reserve currency, and backing it with gold would help attract foreign capital.
China is expected to receive approval from its central bank for a yuan-denominated gold fix, with a potential for an announcement as early as next week.
Hoffman explains that a gold standard would not necessarily create a big constraint to the Chinese central bank, as many believe.
"It could be at any price they fix. There's a lot of things that they can do to make this work," he says.
Hoffman estimates that to create an exchange rate of one ounce of gold for every $64,000, the country would need about 10,000 metric tons of the metal. "That's nine times the national official holdings and about 6 percent of all the bullion ever mined globally," Hoffman says.
Moving to a gold standard may also be a question of power for China. Hoffman says that when the U.S. adopted a gold standard after World War II, it emerged as the main power in the International Monetary Fund. In 1971, the U.S. ended the use of the gold standard and rendered the dollar a fiat currency.
If China decides to go into some form of a gold standard, Hoffman says it would make the rest of the world view the metal as a currency again.
"If they go for it, we'd be talking about fireworks," he says.
Comex August gold futures settled Thursday at $1,171.80 an ounce.
http://ift.tt/1RCPE19
Justinanddeb: Another tidbit from FRANKIE...IHO run away from the Iranian Rial. Also, Maliki will be history in the next two months or so due to his actions.
************
JHockey007: » June 25th, 2015 Hey Everybody, Frank just going over your notes. 1st off the best call Ive heard in some time. Sorry I dont get on here as often as I'd like.
Anyway seems to me the order of the 7 things youve listed for stuff trying getting done in July, along with Iraq possibly getting a credit rating here in the next week or two & EID coming up mid-end of July I would say something big is about to happen in a wee bit.
Just too much out there to say this is going to not happen real soon possibly even sooner than we expect.
IMO I just dont see this going beyond 3/4 of this year.
************
Alan What else would happen to the currency if the 3 zeros are removed? To me the value would have to go up so IMO it does speak of the value.
**********
lcm .IMO - I believe they are talking about removing the physical currency from the market.
Remember when they are speaking it's in Arabic not English and the translation of this to me (IMO) they are not talking about any value change at all, only changing the physical note count which is why they mention not affecting the liquidity. In other words changing out the physical notes with new notes and allowing them both to function in the market for 10 years.
With all the current problems they are facing with the MR, waiting until 2017 to have any kind of change in value seems to be almost impossible at this point in time (IMO). I believe we will see this subject in more clarity in the very near future with better explanations of the desire and plan that the CBI is doing.
lcm
***********
Aggiedad77: Great thoughts lcm....and if I may add to this...something I covered either earlier today or yesterday
Earlier in the year the CBI Dr.S or his shadow spoke of the CBI reserves as at or near 68 billion dollars.....and that this was 1.5 the amount of currency on the street.....just a few weeks ago we saw evidence from them where they were talking of it being 2 times the currency on the street....and now this week we see the CBI....
Again Dr.S or his shadow saying they are at 3 times the currency on the street....so what has changed....the CBI reserves remain at $68 billion so that tells me the currency on the street is shrinking....someone turned the dryer on HIGH heat for towels....I mean currency....LOL....just something to think about in addition to what you spoke of.
Keep up the great thoughts Family. Aloha Randy
************
Walkingstick » June 26th, 2015, 6:36 am
Iraq plans to issue foreign bonds worth two billion dollars
Friday 26-06-2015 | 9:57:40
Twilight News / Finance Ministry said on Friday it plans to issue foreign bonds worth two billion dollars in the first phase of a total of five billion dollars included in the terms of the federal budget bill passed by the House of Representatives.
He said Undersecretary Fadel prophet of the Twilight News that "the first stage of the securities that we will issue bonds worth two billion dollars of the total five billion dollars that included in the budget law for 2015, passed by the House of Representatives."
He added that the Prophet "The government only agreed to issue financial bonds worth two billion dollars as a first stage."
A number of members of the House of Representatives and local government Basra strongly criticized the statements of Finance Minister Hoshyar Zebari, in which he referred to the orientation of the mortgage Basra oil in exchange for foreign securities.
The media has picked up a press statement the Minister of Finance in the federal government, Hoshyar Zebari, has said that the government continues to mortgage the Basra oil in favor of Western oil companies to obtain liquidity from the money.
Zebari said his government plans to manage emergency funds through the sales of oil reserves of Basra, through the payment system in advance for the first time, and begin economic reforms to amend the oil contracts with major Western companies.
And that has not yet determined the details of the quantities and value of those sales, known in the oil industry pre-funding but Iraq needs to liquidity to finance the military campaign against Daash To compensate for revenue lost because of falling world oil prices.
Zebari said that Baghdad also plans to change the way it manages its exploration and production contracts with oil companies such as Royal Dutch Shell, BP and Exxon Mobil.
http://ift.tt/1HkI0XN
************
Walkingstick : Chinese Gold Standard Could Create 'Fireworks' - Bloomberg Intelligence
06/25/15 - 04:39 PM EDT
NEW YORK (TheStreet) -- Could gold, the world's longest running currency be used to create a new order in global currencies?
The Chinese central bank is said to be considering backing its yuan with the yellow metal.
This move, says Ken Hoffman, global head of metals and mining research for Bloomberg Intelligence, would be a "game changer."
Why would China consider such a move? Hoffman explains that Chinese policy makers are already trying to establish the yuan as a reserve currency, and backing it with gold would help attract foreign capital.
China is expected to receive approval from its central bank for a yuan-denominated gold fix, with a potential for an announcement as early as next week.
Hoffman explains that a gold standard would not necessarily create a big constraint to the Chinese central bank, as many believe.
"It could be at any price they fix. There's a lot of things that they can do to make this work," he says.
Hoffman estimates that to create an exchange rate of one ounce of gold for every $64,000, the country would need about 10,000 metric tons of the metal. "That's nine times the national official holdings and about 6 percent of all the bullion ever mined globally," Hoffman says.
Moving to a gold standard may also be a question of power for China. Hoffman says that when the U.S. adopted a gold standard after World War II, it emerged as the main power in the International Monetary Fund. In 1971, the U.S. ended the use of the gold standard and rendered the dollar a fiat currency.
If China decides to go into some form of a gold standard, Hoffman says it would make the rest of the world view the metal as a currency again.
"If they go for it, we'd be talking about fireworks," he says.
Comex August gold futures settled Thursday at $1,171.80 an ounce.
http://ift.tt/1RCPE19
via Dinar Recaps - Our Blog http://ift.tt/1RCPCGm
No comments:
Post a Comment