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Friday, July 31, 2015

"Backdoc Alert's" Posted by Thunderhawk at KTFA Friday Night

Thunderhawk  » July 31st, 2015, 9:16 pm  Backdoc Alert

VIDEO: Puerto Rico Doesn’t Say Whether Agency Debt Payment Will Be Made


Puerto Rico officials left investors guessing by failing to say whether they’ll make a bond payment due Saturday that risks pushing the securities into default.

Government Development Bank President Melba Acosta said in statement that a $169 million debt service payment for the bank will be paid. She didn’t mention a $58 million payment due the same day by the Public Finance Corp.

A default would mark an escalation in the debt crisis that’s been racking the island, where officials are pushing for what may be the biggest restructuring ever in the municipal market. Puerto Rico bond prices have slipped amid speculation that the island won’t pay be able to repay what it owes as its economy stagnates and residents leave for the U.S. mainland.
....
“It sends a message to bondholders and the market that we said we don’t have the money to pay our debt and see -- we don’t,” said Emily Raimes, an analyst in New York at Moody’s Investors Service.

Island officials have said that Puerto Rico may skip the payment on the Finance Corp. bonds, which have some of the weakest protections for investors.

The debt is only paid for with money appropriated by the legislature, instead of a general claim on the commonwealth’s tax money. Faced with a budget shortfall, lawmakers didn’t provide the money when they passed the annual spending plan in June.

Island officials said that Puerto Rico’s available cash was limited to funding essential services such as health and safety.

Governor Alejandro Garcia Padilla said in June that the commonwealth cannot pay all of its obligations, following years of borrowing to paper over budget shortfalls. Officials plan to draft a debt-restructuring plan by Sept. 1.

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Thunderhawk  » July 31st, 2015, 9:18 pm  Backdoc Alert

Pacific Rim free trade talks go down to the wire

Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with New Zealand digging in over trade in dairy products and ministers tussling over monopoly periods for next-generation drugs.

Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, delayed until 4 p.m. local time (10 p.m. ET) a news conference originally scheduled for 1:30 p.m. on the Hawaiian island of Maui.

"We are still aiming to conclude the negotiations by the time of the news conference," Japanese Economy Minister Akira Amari said before heading into the morning plenary session.

"Some countries are insisting on enormous demands and that's the cause of the impasse."

A Japanese industry source briefed on the talks said New Zealand's demands over dairy and the monopoly periods for biologics, drugs made from living cells, were the two remaining stumbling blocks.

New Zealand has said it will not back a deal that does not significantly open dairy markets, with an eye to the United States, Japan and Canada.

John Wilson, chairman of the world's largest dairy exporter, New Zealand dairy cooperative Fonterra (FCG.NZ), arrived to attend the talks late on Thursday to press home the case.

"It's still dire. This thing is now on a knife edge. There is still not enough in this for New Zealand at all," said Mike Petersen, who represents New Zealand's farm sector.

Ministers have also yet to agree on how long to protect data used to develop biologic drugs. U.S. drugmakers want 12 years, but Australia wants five. People briefed on the talks say a compromise on seven or eight years seems likely, but Mexican Trade Minister Ildefonso Guajardo stressed no deal was done.

"That is exactly what we are trying to negotiate," he told reporters on his way into the meeting.

As the talks entered their final hours, U.S. Senate Majority Leader Mitch McConnell, a Republican from the tobacco-growing state of Kentucky who will be influential in garnering votes in Congress for the deal, added his weight to warnings against excluding tobacco from rules allowing foreign companies to sue host governments over policies that harm their business.

Marlboro maker Philip Morris (PM.N) is suing Australia over its plain packaging tobacco laws. Australia is seeking a general exception from the rules for health and environment policy.

http://ift.tt/1DXt111

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Thunderhawk  » July 31st, 2015, 9:22 pm  Backdoc Alert

Puerto Rico nears default as debt restructuring beckons

Puerto Rico on Friday made a payment on debt owed by its Government Development Bank, but the U.S. territory may still be short of the funds needed to pay all of its imminent obligations.

"The GDB will make the $169 million payment for the debt service on its bonds today," GDB President Melba Acosta said in a statement released Friday. A payment on that debt was due to be made Saturday Aug. 1.

Puerto Rico, however, is expected to default on a $58 million payment on Public Finance Corporation (PFC) bonds also due Saturday in what is seen as possibly just the first step in the largest U.S. municipal debt restructuring in history.

Whether Puerto Rico defaults may not be known until Monday. According to PFC documents, a payment falling on a weekend can be made on the next business day, which would be Monday, Aug. 3.

"What could surprise investors is when they actually hear the word 'default,' and that a default occurred," said Lyle Fitterer, head of tax-exempt fixed income at Wells Capital Management, which holds mostly insured Puerto Rico debt.

"The immediate reaction might be a slight sell-off in the marketplace because I think people will start to anticipate, 'OK, what's the next series of debt they're going to default on?'"

Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt, totaling $72 billion, was unpayable and required restructuring.

The possible default on debt due this weekend would mark the first missed debt payment. According to a 2014 bond offering statement, Puerto Rico has never defaulted on the payment of principal or interest of debt.

A non-payment by Puerto Rico would be the most notable since Detroit, which had about $8 billion of bonds, defaulted on $1.45 billion of insured pension bonds before it filed for bankruptcy in 2013.

Victor Suarez, Puerto Rico's chief of staff, has said the island will do "everything that is possible" to ensure that the $169.6 million Government Development Bank (GDB) debt payment due Aug. 1 is paid.

The commonwealth is expected to send that payment to the trustee on Friday for payment on Monday, a source familiar with the situation said on Friday.

John Miller, co-head of fixed income for Nuveen Asset Management, had said it would be positive for the short term if Puerto Rico made the GDB payment. But he said if it failed to pay, it could be a negative sign for debt such as its general obligation debt.

Suarez said on Monday that the commonwealth did not have the current cash flow to pay the PFC bonds.

"I bought my (PFC) bonds with the anticipation of them defaulting," said Ben Eiler, managing partner at First Southern Securities in Puerto Rico. "They're going to restructure in some form or fashion, and I believe that restructure is going to be higher than that level."

The likelihood of a restructuring is leading investors to wonder how Puerto Rico will prioritize debt payments versus citizens' needs.

"We're beginning to discern a ... mindset on the island that the government is weighing the interest of investors against the economic interest of the island," said Thomas McLoughlin, UBS chief investment officer wealth management research.

DEFAULT DEBATE

Suarez told reporters in San Juan on Wednesday that a missed payment would not constitute default. Bond documents state that Puerto Rico's legislature is not legally bound to appropriate the funds for payment.

However, credit rating agency Standard & Poor's said it would view non-payment of rated PFC bonds on their due date as a default. Moody's said it would also consider it a default.

"It (would be) the first failure by the government to pay on a debt to public investors and indicates the weakness of the government's ability and willingness to pay," said Timothy Blake, managing director of Moody's Public Finance Group.

A default could open the door to a fight with investors, although that may be an uphill battle.

"Our reading of the legal documents is that bondholders have very limited remedies," said David Hitchcock, an analyst at S&P. "Puerto Rico could potentially just ignore the bondholders."

Officials may give information after a scheduled meeting by a working group created by the governor which was ongoing.

"It's going to be a long process, a very long, drawn-out process," said Michael Comes, portfolio manager and vice president of research at Cumberland Advisors in Florida, which holds insured Puerto Rico debt. "It's kind of like watching the Titanic sink."

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Thunderhawk   » July 31st, 2015, 9:27 pm  Backdoc Alert

VIDEO: Cramer game plan: Prep for sharp selloff next week
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As much as Jim Cramer wishes earnings season were over already, he knows this is no time to sit back and put his feet up. Investors are still in the thick of it, which is why he has shared his rigorous game plan of stocks he will be watching next week.

"Yes, it is another minefield of earnings reports, made even more difficult by the sheer number of new companies that have come public in the last few years," the "Mad Money" host said.

With China and earnings on the mind, here are the stocks that Cramer will have on his radar next week:

Monday: Clorox, Denny's, BioMarin
Clorox: This is the quintessential consumer packaged goods play. Cramer expects solid numbers, to reiterate his opinion that this is a core portfolio holding.

Denny's: Last quarter, Denny's reported a dramatic upside surprise thanks to the price of oil dropping. Cramer wouldn't be surprised to see some positive moves from Denny's.

BioMarin: This isn't an earnings story for Cramer; it's a new product pipeline story. The quarterly report will show how its recently approved products are doing. And while Cramer doesn't expect a slip-up, he warned investors to be aware that the stock is up more than 50 percent for the year.

Tuesday: Chinese PMI, CVS Health, Regeneron, Disney, Pioneer Natural Resources
Cramer wants investors to be prepared for disappointment, as China PMI is an important gauge for how the Chinese economy is doing. Just be aware that China can lurk like a hidden dragon and breathe fire on U.S. stocks with an intense level of force.

"I need you to be ready for a sharp Chinese market selloff that can then impact our market," he said. (Tweet This)

CVS Health: If the PMI is poor, then there could be a buying opportunity for US-based CVS. Cramer expects yet another excellent quarter, which could be overshadowed by a China selloff and create an opportunity.

Regeneron: The tie-up between Regeneron and Sanofi, which owns 22.6 percent of Regeneron. The two are collaborating on an anti-cholesterol drug, and the news has overshadowed their new partnership to develop cancer drugs.

Cramer likes Regeneron for a long-term play, but if the market fails to recognize its new developments on Tuesday this could be an opportunity to buy the stock. Cramer wants investors to take advantage of this opportunity that could go unnoticed because it is a chance to buy Sanofi, too.

Wednesday: Ralph Lauren, Jack in the Box, Tesla, FitBit
Ralph Lauren: This company has been disappointing lately, and Cramer wonders if it will break out of its funk finally.

Tesla: This is a cult stock that has defied reality for Cramer for years, and he thinks it will continue to do so. If you love the car, then Cramer says to feel free to buy the stock.

FitBit: Cramer doesn't think the marketplace fully understands the power of the ecosystem that has been created by FitBit. Maybe they will get it when it reports.

Thursday: Allergan, Molson Coors
Allergan: Cramer admits the expectations for this stock have gotten very high. Cramer has the stock in his charitable trust, and is someone concerned about the run up.

Friday: Labor Department's non-farm payroll report, WhiteWave Foods
"I think it is safe to say that there will be a massive second guessing of the Fed's decision to not signal a rate hike earlier this week if that payroll number is strong," Cramer said.

A strong number and a quiet Chinese stock market could translate to more calls for the Fed to tighten in September, so expect a selloff if there is a strong number.

So while there is still an abundant amount of earnings to get through next week, the Fed chatter and potential Chinese breakdown will take center stage again. So keep an eye on earnings and remember the big picture to buy stocks at cheap prices when the opportunity arises. LINK

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Thunderhawk
  » July 31st, 2015, 9:32 pm  Backdoc Alert

Exxon, Chevron Brace for Dark Times Ahead

Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.

Exxon reported its lowest profit since 2009 as crude prices fell twice as fast as the world’s largest crude producer by market value could slash expenses. Chevron recorded its lowest profit in more than 12 years after the market rout forced $2.6 billion in asset writedowns and related charges. The companies’ shares fell to multi-year lows.

Stung by the worst market collapse since the financial crisis of 2008, oil explorers from The Hague to Calgary to Houston are firing staff, scaling back drilling, canceling rig contracts and reducing share buybacks to conserve cash. Chevron said the slump convinced it to lower its long-term outlook for crude prices.

More from Bloomberg.com: China's Great Short Seller Is Now a Bull Predicting Big Gain

“This is the beginning, not the end, of the writedown process,” Paul Sankey, an energy analyst at Wolfe Research LLC, said on Bloomberg TV. “The biggest concern is that we’ll see weaker demand over the second half of the year.”

Oil entered its second bear market since mid-2014 this month as a flood of output from North American shale regions, the Persian Gulf and deepwater fields overwhelmed consumption by refiners and chemical producers.

Avalanche of Crude
Exxon and Chevron contributed to the avalanche of supply by increasing second-quarter crude output by 12 percent and 1.7 percent, respectively. Exxon expanded oil production in every region where it operates except Australia/Oceania. All of Chevron’s growth occurred in the U.S.

“Oil prices will be under downward pressure until there is evidence the glut is shrinking,” analysts at IHS Energy said in a note to clients. “This will not happen quickly unless prices fall even further from recent levels,” discouraging new drilling.

Exxon shares fell 4.6 percent to $79.21 in New York, the lowest closing price since June 2012. Chevron dropped 4.9 percent to $88.48, the lowest close since December 2010. The companies were the day’s worst performers in the Dow Jones Industrial Average index.

Exxon cut share repurchases for the current quarter in half to $500 million after net income fell to $4.19 billion, or $1 a share, from $8.78 billion, or $2.05, a year earlier, the Irving, Texas-based company said in a statement. The per-share result was 11 cents lower than the average estimate of 20 analysts in a Bloomberg survey.

Spending Cuts
Refinery profits fattened by lower crude costs were more than offset by weaker results in the company’s primary business, oil and natural gas production, Exxon said. The company’s U.S. wells lost $47 million.

Exxon reduced spending on major projects like floating crude platforms and gas-export terminals by 20 percent to $6.746 billion during the quarter, according to the statement. International crude prices fell 42 percent from the previous year to average $63.50 a barrel.

Chevron’s profit dropped to $571 million, or 30 cents a share, from $5.67 billion, or $2.98, a year earlier, the San Ramon, California-based company said in a statement. The per-share result was well below the $1.16 average estimate.

Chevron’s biggest business unit -- oil and gas production - - posted a loss as the second-largest U.S. energy company recorded a $1.96 billion writedown on assets and another $670 million charge for taxes and projects suspended because they no longer make economic sense.

Pessimistic Outlook
“The writedowns will get worse into the end of the year as companies complete their end-of-the-year SEC filings,” Sankey said. “The market still looks very oversupplied with oil and we’re in peak demand season.”

Exxon Chairman and Chief Executive Officer Rex Tillerson was among the first to shrink spending as the crude rout began more than a year ago. After cutting the budget by 9.3 percent in 2014, this year’s reduction may exceed the original 12 percent target, Jeff Woodbury, vice president of investor relations, said during a conference call with analysts.

Tillerson, an Exxon lifer whose 10th year as CEO began in January, has been pessimistic about the prospects for an imminent oil-market rebound. On April 21, he told a Houston energy conference that the supply glut and low prices will persist “for the next couple of years” at least.

Those remarks proved prophetic: international crude prices that rose 45 percent between Jan. 13 and May 6 have since tumbled 22 percent, inaugurating the second oil bear market in 14 months.

“Chevron was a disaster; Exxon was a disappointment,” Fadel Gheit, an analyst at Oppenheimer & Co. In New York who rates the shares of both the equivalent of a hold and owns each. “A rising tide lifts all ships, but when the tide goes down, all ships go down.”

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via Dinar Recaps - Our Blog http://ift.tt/1DXt39a

Special Chat With OOTW 7-31-15  "Press Releases"

OOTW: HI EVERYONE

OOTW: IT'S BEEN A LONG WEEK FOR ME, BUT FULL OF JOY - YET ANGST THAT I'VE NOT BEEN AROUND MUCH - MY DAUGHTER AND GRANDDAUGHTER'S MOVED HERE THIS PAST WEEK, 

SO I HAVE BEEN QUITE BUSY GETTING "HOUSE" SET UP FOR THEM - PLEASE FORGIVE MY ABSENCE...HI ROLLONJOHN!

disciple7: ‹@OOTW› tariffs tomorrow eh.. what do you think?

OOTW: I'M GOING TO START SOME RESEARCH NOW SO I'LL BE IN AND OUT OF HERE

OOTW: HUGS

OOTW: I JUST WANT TO REMIND EVERYONE THAT MY PRIMARY FOCUS FOR RESEARCH, ARE GOVERNMENT PRESS RELEASES, SO IF YOU WANT TO READ MY LATEST OPINIONS OR INFORMATION RE "FINDS", THE BEST PLACE TO GO IS TO OUR GOVERNMENT THREAD FOR THE WEEK. 
~~~
THESE THREADS WILL BE PINNED WITHIN THE FORUM ENTITLED, " IRAQ - GOVERNMENT, POLITICAL & GENERAL NEWS (AS IT IS RELEASED) "

RVPlease: Just listened to PTR Call.... Dinar Corp is their only Sponsor... Dan said that he got an email from Dinar Corp this morning... telling him to take their advertising BANNER DOWN from their site... they are closed for now...

gold642: Trillion dollars wasted on corruption in Iraq, al-Maliki era

OOTW: EVERYONE, DID YOU SEE THEY READ THE DE BAATHIFICATION LAW YESTERDAY?

whitelions: ‹@OOTW› do you have the link for that I have been fighting with weebly all day so I may have missed that one

gold642: ‹@OOTW› wasnt there a bunch of them

OOTW: SURE HON - BRB

 [02:20:13 PM] OOTW: PLEASE START HERE AND SCROLL DOWN wealthwatch.world/showthr...

http://ift.tt/1IPmInH

 [02:23:17 PM] Tootsie: awww, no no please ~~ play nice ~~ darn ~` think before you type. Be mindful of all who are here irrespective - it is not necessary to snipe ~ not happy , just close thine mouth and leave for a bit .  :dizzy:

 BOBBY: OOTW... actions... which include posts.. just within the last 24 hours i have read posts that say Kurdistan has rv d

BOBBY: and that the rv is one week away

tipsyterror: it is not possible for Kurdistan to have RV'd without everyone else... it's the same currency, no?

BOBBY: my point..... lies about the dinar should be addressed

OOTW: CERTAINLY THERE'S A LOT GOING ON - KURDISTAN USES THE IQD

MichelleL: time to bake some cookies for the next round of grands - back later and I'm seriously hopeful no one in here has many or any reserves with.... anyone?

OOTW: I AGREE, BUT ONE CAN DO THAT BY POSTING THEIR RESEARCH - WHICH MAY COUNTER THAT INFORMATION AND THE PERSON READING CAN DISCERN FOR THEMSELVES

BOBBY: how can Kurdistan r v without the rest of Iraq?

chattels: It will be interesting to watch what sites survive if there are no broker advertising monies

chattels: ‹@BOBBY› do you believe that the IQD in Kurdistan has any greater value than in the rest of Iraq ?

BOBBY: Chattels. .. i would have to research that before comment....

OOTW: EVERYONE I WANT YOU TO SEE SOMETHING I JUST FOUND AT THE PARLIAMENT SITE

OOTW: IT'S IMPORTANT AND IT'S SOMETHING I, BUTIFLDRM AND SCZIN HAVE BEEN DISCUSSING FOR OVER A YEAR NOW

OOTW: PREFACE: LAST YEAR, WE SAW A COM ANNOUNCEMENT STATING THAT THE GOI WAS GOING TO IMPLEMENT THE REGULATIONS OUTLINED IN THE BUCHAREST CONFERENCE

OOTW: I HAVE AN ENTIRE THREAD ON THIS

OOTW: I WILL BRING THE LINK IN, IN A MOMENT

OOTW: FIRST I WANT YOU TO READ THIS

OOTW: THIS IS FROM THE PARLIAMENT SITE

 OOTW: Foreign Relations Committee held a meeting headed by MP http://ift.tt/1fQBjCc

Hassan Chuird Hamdani Chairman of the Committee and in the presence of ladies and gentlemen members on Wednesday, 07/29/2015.

The meeting discussed a draft treaty contract law in order to offer for a vote. It was agreed during the meeting to raise the draft law on ratification loan for a project to rehabilitate Hartha between the Republic of Iraq and the Government of Japan for reading power plant Convention on the Law II.

function are also given the agreement to raise the project accession of the Republic of Iraq to the Convention on Nuclear Safety Joint Convention law on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management and the draft ratification documents Bucharest Conference on the Law for the year 2004 attached to Universal Postal Convention.

The meeting discussed the consequences of the Turkish bombardment of targets inside the occupied Iraq and the issue of Iraqi students in India and the nomination of members of the Committee to participate in the Executive Board of the APA meetings.

OOTW: " and the draft ratification documents Bucharest Conference on the Law for the year 2004 attached to Universal Postal Convention."

OOTW: SO, WHEN WE SEE ARTICLES STATING THAT THE GOI IS STEPPING UP THEIR ADDRESSING OF CORRUPTION, THE BUCHAREST CONFERENCE PLAYS A BIG PART IN THIS

OOTW: I'LL BRB TO SHOW YOU HOW...AND WHY....

OOTW: HERE ARE MY COMMENTS ON THIS, FROM JUST OVER A YEAR AGO

OOTW - IF YOU GO TO THE PDF LINK ABOVE, YOU'LL SEE THAT THIS ABOVE SECTION FALLS UNDER PROTECTIONS FOR MAILING AND ALSO LAYS OUT PROTECTION FOR LEGAL TENDER AND PROHIBITIONS AGAINST MONEY LAUNDERING.

THIS IS AN ASPECT WHICH IRAQ HAS NEEDED TO GET IN PLACE TO SHOW THAT THEY ARE PROTECTING, LEGALLY, AGAINST MONEY LAUNDERING.

ALL OF THIS INFORMATION, IN A CYCLICAL MANNER, RELATES TO THE NEWLY PUBLISHED OR AMENDED/AMENDMENT RE THE ELECTRONIC SIGNATURE LAW AS WELL AS MONETARY RELATED “TELECOMMUNICATIONS” AND “POSTAL” LAWS WHICH ARE IN THE GAZETTE UNDER THE HEADING OF “TELECOMMUNICATIONS”.

THE ELECTRONIC SIGNATURE LAW, THE ORIGINAL FROM 2012, THROUGH THE DEFINITION OF "COMPANY" WITHIN THE LAW, STATES THAT THIS TERM "COMPANY" MEANS:

 "Secondly (THE WORD/PHRASE) “Company” (EQUATES TO): Public Services [b]International Network for Information in the Ministry of Communications ." http://ift.tt/1IPmFsb...

PLEASE ALSO SEE THIS LAW IN THE GAZETTE, THEN YOU WILL BE ABLE TO SEE ALL OF THE AREAS FOR THE FOUNDATION OF WHAT THE ELECTRONIC SIGNATURE LAW EFFECTS.

THERE IS A CONNECTION BETWEEN THE APPROVAL OF THE BUDGET, ITS CONNECTION TO INTERNATIONAL PAYMENTS, POSTAL REGULATIONS AND THE ELECTRONIC SIGNATURE LAW. IRAQ IS TRYING TO GET ITS ACT TOGETHER IN A HURRY.

OOTW: THE BUCHAREST CONFERENCE REGULATES THE "MAILING" OF MONIES, TRANSPARENCY OF, VIA ALL MODES OF "MAIL" , INCLUDING DIGITAL MAIL - THIS IS ABOUT EXPOSING CORRUPTION

OOTW: OFTEN TIMES WITHIN THE ECONOMIC REFORMATION OF A COUNTRY, WE WILL SEE THOSE GUILTY OF CORRUPTION EXPOSED, BEFORE ECONOMIC AND/OR MONETARY REFORM MAY BEGIN

OOTW: THIS IS WHAT WE'RE SEEING NOW IN IRAQ

OOTW: LET ME SHOW YOU THIS FROM LAST JULY

gold642: your on a roll

OOTW: THE COM DECISION TODAY IS TO EITHER RECONFIRM OR INSTATE THE POSTAL LAW WHICH IS MEANT TO GOVERN MONEY LAUNDERING AND REQUIREMENTS FOR THE "TRANSPORTATION AND COMMUNICATION" OF FINANCIAL INSTRUMENTS AS (IN PART) A BASIS "To Control /Stop Corruption".

AS MANY IN THIS INVESTMENT KNOW, MUCH OF THE BUDGET FUNDS HAVE BEEN SUBJECT TO CORRUPTION. ALSO,

AS RESULT OF LEGALLY ADDRESSING MONETARY ‘MISHANDLING’/LAUNDERING/CORRUPTION PERTAINING TO LEGAL MONETARY INSTRUMENTS, -

IRAQ’S RESERVES SHOULD GROW FASTER, BECAUSE THERE WILL BE LESS DOLLARS LEAVING THE COUNTRY.

AND WHEN IRAQ IMPLEMENTS ART 8/IMF, AND IRAQ HAS INTERNATIONALLY TRADED CURRENCY, THESE LAWS WILL GARNER PROTECTION OF THEIR MONEY (TOO).

THE COM ANNOUNCEMENT PERTAINING TO THE “Bucharest Conference of 2004 annexed” RECONFIRMS THAT IRAQ WANTS TO GOVERN MONEY LAUNDERING AND REQUIREMENTS FOR THE "TRANSPORTATION AND COMMUNICATION" OF FINANCIAL INSTRUMENTS.

 [02:59:26 PM] OOTW: HERE IS THE LINK TO THIS THREAD SO YOU MAY FOLLOW ALONG, IF YOU WISH:

[02:59:30 PM] OOTW: wealthwatch.world/showthr...

http://ift.tt/1fQBjSs

OOTW: LET ME SHOW YOU THE COM ANNOUNCEMENT ON THIS FROM LAST JULY (2014)

[03:00:37 PM] OOTW: Send this Thread to a Friend Forward the draft ratification documents of the Bucharest Conference to the House of Representatives Law 07/20/2014 10:56 General Secretariat of the Council of Ministers announced the Board's approval of the draft ratification documents of the Bucharest Conference 2004 law.

And the source in a circle of Cabinet Affairs of the Office of Information and government communication that the Council's approval of the project included a referral to the House of Representatives, according to the provisions of Articles (61 / item I) and (80 / second item of the Iraqi constitution.

 He added that the approval comes for the purpose of ratification of the documents of the Bucharest Conference signed on 4/10/2004, attached to Universal Postal Convention of 1947, which Iraq ratified by Law No. (41) of 1950, as well as strengthening cooperation in the field of postal transport organization, and provide the best ways global postal service.

OOTW: "GLOBAL POSTAL SERVICE" DESCRIBES THE "TRANSPORT" OF MAIL INCLUDING CURRENCIES

OOTW: OR DIGITAL MAILING OF FINANCIAL OR PERSONAL INSTRUMENTS

OOTW: THIS GIVES IRAQ THE POWER TO LEGALLY MONITOR, AND IF NEEDED, USE ANY EVIDENCE GATHERED IN THE POTENTIAL PROSECUTION OF THOSE FOUND TO BE COMMITTING MONETARY CORRUPTION

OOTW: AGAIN, HERE'S THE LINK

OOTW: wealthwatch.world/showthr... http://ift.tt/1fQBjSs

OOTW: SCZIN11 MADE SOME POIGNANT COMMENTS ON THIS LAST YEAR...LET ME SHOW YOU

OOTW: "SO YOU CAN SEE, THERE IS A VERY GOOD REASON TO BELIEVE, THE MANY ANNOUNCEMENTS, REASSURANCES, REDUNDANCY IN WHAT HAS BEEN COMING OUT IN THE NEWS, AND FROM THE CBI, IS FOR A REASON.

THE REPEAT YESTERDAY OF THE HUGE 2 PAGE DOCUMENT RELATING TO THE NEW BILLS, SECURITY, ETC... MUST HAVE BEEN FOR A REASON. ANTI MONEY LAUNDERING LAWS ARE A MAJOR CRITERIA IN INTERNATIONAL BANKING TODAY!

WE DON'T KNOW EXACTLY WHAT HAS BEEN COMPLETED BY IRAQ.. WE DON'T KNOW WHAT MUST BE COMPLETED, IF ANYTHING AT ALL FOR THE COMPLETION OF THEIR MONETARY REFORM CHANGE"

Donnie: ‹@OOTW› everything is done for a reason. we just may not know the reason, accept the reason or agree with the reason which is OUR issue.

OOTW: ADHERENCE TO THE BUCHAREST CONFERENCE WOULD BE AN INTERNATIONAL REQUIREMENT REGARDING TRANSPARENCY AND "VISIBLE" BANKING –

THE VERY ASPECT WHICH IRAQ HAD PREVIOUSLY FAILED IN, CAUSING THEM TO BE MOVED TO ARTICLE 14 - FOR CORRUPT AND "INVISIBLE" BANKING PRACTICES (AMONG OTHER ISSUES).

OOTW: MY REPORT IS DONE

OOTW: ANY QUESTIONS?

BOBBY: OOTW... fine report... ty

sczin11: ‹@OOTW› DONT FORGET XBRL...ADDITIONAL BANKING TRANSPARENCY

gold642: ‹@Donnie› >> Last update of WHOIS database: 2015-07-31

OOTW: YES GREAT POINT SCZIN11

gold642: HUGE POINT

Donnie: ‹@gold642› isn't that what I just posted???

OOTW: THIS THREAD PROVIDES A VERY GOOD BACKGROUND ON STEPS THE GOI HAS BEEN AND ARE TAKING IN THE FIGHT AGAINST CORRUPTION - NOT JUST VIA THE INTEGRITY COMMISSION (EITHER) wealthwatch.world/showthr...

gold642: ‹@Donnie› YES

gold642: ‹@sczin11› ‹@OOTW› GREAT JOB, THANKS

BOBBY: OOTW.... what is the status of couterfiting over there lately

OOTW: HERE'S THIS FROM THE PARLIAMENT SITE..Vice President of the House of Representatives Iaram Sheikh Mohammed receives Ministers of Finance and Trade of the Federal Government July 29, 2015 [Image: aram%201.jpg]

 Received today Iaram Sheikh Mohammed, deputy Iraqi Council of Representatives today in his office, Mr. Hoshyar Zebari, Minister of Finance in the federal government and discussed financial issues and outstanding issues between Baghdad and Erbil, 

and confirmed Zebari in this meeting that oil exports in the Kurdistan Region has reached in the past month (4 million and 400 000 barrels) per day through the Iraqi oil marketing company, sent Baghdad in return (116 billion dinars),

and today (29.07.2015) Report of the region's oil exports through the SOMO to (579 thousand barrels), and this is a good step towards the solution of problems in this area,

as the Minister of Finance announced that in the coming days formally delegation will visit Baghdad for talks with officials in the government files between the province and the center.

 For his part, Sheikh Mohammed stressed that the financial problems between Erbil and Baghdad on the way to solution through meetings and meetings held between the two sides, adding the existence of a genuine will and direction to end the differences through the oil agreement signed between the parties or to modify other words.

He also met with the rule of Vice President of the Council at his residence, Mr. Mlas Mohammed Abdul Karim and the Federal Minister of Commerce, and in search of the two sides the subject of delayed financial dues to farmers in Korstan region for the sale of Hntthm the Iraqi government and the volume of trade between the province and the center,

 the minister pointed out in this connection that the reason for the delay dues peasants linked financial issues outstanding between Baghdad and the Kurdistan Region, as well as lower global oil prices has an impact on payments, and so far paid ministry (10 billion Iraqi dinars only) a return for the wheat to the peasant

OOTW: IMPORTANT QUOTES FROM THIS PRESS RELEASE....

OOTW: "For his part, Sheikh Mohammed stressed that the financial problems between Erbil and Baghdad on the way to solution through meetings and meetings held between the two sides, adding the existence of a genuine will and direction to end the differences through the oil agreement signed between the parties or to modify other words."

OOTW: AND...

OOTW: "On the volume of trade exchange between the province and the center movement and trade minister pointed out that the government of Kurdistan and agreed to the customs tariff of the Iraqi government and there is a delegation from Baghdad, is in the region to discuss ways to regulate the export and import mechanisms between the two sides."
Donnie: Parliamentary legal bearing parliamentary committees responsible for the delay of important laws Date: 07/31/2015 11:35

Donnie: Information / Baghdad / .. the parliamentary legal committee confirmed Friday that holding parliamentary committees delayed private among themselves about the pass laws meetings a major cause of disabled pass service laws that serve the citizen.

 The committee member said Salim Shawki told / information /, that " There are laws must take priority and importance in the parliament as a law Labour and Social Security, which provides living aid for large class of the Iraqi people, "adding that" the law read a second reading has not passed yet. 

" He added that "SOA laws must not be the less important than laws Political encountered a lot of differences between the blocs, "attributing the cause of delay in approving the service laws to" slow parliamentary committees to hold meetings to discuss the laws that are supposed pass after pass approval. " 

I often face a number of MPs and politicians and the Iraqi street sharply criticized the Parliament for not being able to From the age of important laws, particularly affecting the lives of citizens in Mbacr.anthy / 25 u

Donnie: http://ift.tt/1IPmInJ; LINK

Donnie: Special scales News Confirmed mobile phone companies, on Friday, to start to impose 20% as "sales tax" on cards and electronic packaging for mobile phone / mobile Kartat / from tomorrow Saturday, 08.01.2015.

 The mobile phone companies in the short message "SMS" sent "The Ministerial Order issued by the Ministry of Finance of the General Authority for taxes for all mobile operators, as tomorrow the first Saturday of the month of August" collection ". 

The companies added that "the transfer of sales tax and the $ 20% of the nominal value are installed on the scratch cards and electronic tired for prepaid service and monthly bills for payment service on credit as a" sales tax "of users."

 This parliamentary finance committee and revealed that the government's decision to lift Kartat mobilization of mobile phones that have been voted on in the 2015 budget the prices will raise shipping Kart 5000 class to 6,500 dinars, and Carte Shipping 10,000 thousand dinars will be at a price of 13 000 dinars, starting from the first of August next.

Donnie: The committee member said Sarhan Ahmed Sarhan's / scales News / "The economic situation of the country imposes upon the application of the tax items on some sectors to strengthen the financial state revenues,"

 revealing that "prices card charge the phone for the class of 5000 will rise to 6,500 dinars, and Carte Shipping 10,000 thousand dinars will become at a price of 13 000 dinars. Hrhan and pointed out that "the imposition of taxes on the mobilization of mobile cards will provide more than Trliunin to the state treasury," 

adding that "the decision will be implemented early next month of August." The "source in the Ministry of Finance has revealed's / scales News / that the government decided to raise the prices of mobile phones Kartat mobilization starting from August next" .anthy 29 / d 25 
  LINK

Donnie: http://ift.tt/1IPmFIp;


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Millionday Roundtable 7/31/15

Millionday Roundtable 7/31/15

Welcome to dinarupdates.com for Roundtable with Millionday!!

Millionday: WELCOME TO ROUND TABLE EVERYONE

Millionday: Hold the House of Representatives, on Saturday its regular reading of the ten bills. "

And will include the agenda of the meeting according to a statement of the Council received / scales News / copy of which was "the first reading of the draft first amendment to the law ownership claims body, 

and the first reading of the draft accession of the Republic of Iraq to the Convention on Nuclear Safety Joint Convention law on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management ".
~~~
Millionday: NOTE -- OBVIOUSLY THE ISSUE OF NUCLEAR SAFETY HAS COME UP LATELY BUT WE ARE TALKING ABOUT 10 LAWS

Millionday: It also includes the agenda, "the first reading of a bill defining the mandates of the three presidencies, and the first reading of the draft open educational college cancel the law, and the first reading of the proposed delegation of authority law."

It also will include a session the first reading of the draft first amendment to the law of the ownership documents bearing the nicknames for the displaced and immigrants No. 79 of 2012 Act, and

Millionday: NOTE -- LAW OF AUTHORITY, PARTIES, DISPLACED --ETC

Millionday: the first reading of the draft law to accept members of the armed forces and internal security forces and an Iraqi National Intelligence and the National Security Apparatus in college.

The statement pointed out that the agenda will include a "first reading of the draft law training center and the development of transport, and the first reading of the draft imports municipal law, and the first reading of the draft first amendment to the law of the forensic medicine No. 37 Law for the year 2013"

Millionday: SO AS WE SEE -- PARLIAMENT AGENDA IS SET FORMALLY FOR TOMORROW

Bax: any idea why they keep tabling the HCL and Amnesty.....?

Bax: WE are stuck in the mud... IMO...until AMNESTY is done..

Millionday: THEY HAVE ANNOUNCED THAT AFTER EID THEY WILL BE ADDRESSING ALL LAWS ON THE SHELF (IMPORTANT)

Millionday: SO WE SHALL SEE ---- REPORTABLY TO BE ADDRESSED THIS WEEK OR NEXT

Millionday: PRESS RELEASE

Millionday: On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI)1.

The purpose of this financial assistance is to help Iraq address present and urgent balance of payment and budget needs in 2015 related to the ISIS insurgency and a decline in oil prices.

The IMF financing will support the authorities’ current economic program, which includes fiscal adjustment measures and structural reforms.

Millionday: NOTE -- HUGE STATEMENT

Millionday: THE FINANCING WILL SUPPORT ECONOMIC PROGRAM WHICH INCLUDES>>>>>FISCAL ADJUSTMENTS<<<<

Millionday: Following the Executive Board’s discussion of Iraq, Mr. Mitsuhiro Furusawa, IMF Deputy Managing Director and Acting Chair of the Board, issued the following statement:

“The twin shocks faced by Iraq from the ISIS insurgency and the drop in global oil prices have severely widened the government deficit and caused a decline in international reserves.

Millionday: NOTE -- THE NEGATIVE IMPACT CAME FROM ISIS AND LOWERED OIL PRICES----THE FINANCING WILL HELP MOVE THE REFORMS FORWARD AS PLANNED

Millionday: The authorities’ policies to deal with the shocks, including sizable fiscal adjustment and maintenance of the exchange rate peg, go in the right direction.

 Access under the IMF’s Rapid Financing Instrument will help address Iraq’s urgent balance of payments and budget needs. However, large fiscal and external financing gaps remain.

Millionday: NOTE -- WHOOOPOW -- INCLUDING A SIZABLE FISCAL ADJUSTMENT AND -- THE MAINTENANCE OF THE EXCHANGE RATE -- WHOOPOW

Millionday: NOTE -- UNDERSTAND THE MAINTENANCE OF THE EXCHANGE RATE IS LOGICALLY TO KEEP IT EFFECTIVE                                                                      

Millionday: “The large financing gap calls for the rigorous implementation of the authorities’ policies, but also additional fiscal adjustment measures and identification of domestic and internal financing.

 In this context, it will be important to implement the new electricity tariff schedule as soon as possible, or adopt compensatory measures. Looking ahead, the authorities should lay the ground for medium-term structural reforms that would better support macroeconomic policy management and boost the economy’s resilience to shocks.”

Millionday: NOTE -- IN OTHER WORDS -- THEY NEED TO HAVE SET PREPARATIONS FOR UNFORSEEN ECONOMIC PROBLEMS

Millionday: The RFI provides rapid and low-access financial assistance to member countries facing an urgent balance of payments need, without the need to have a full-fledged program in place. 

It can provide support to meet a broad range of urgent needs, including those arising from commodity price shocks, natural disasters, conflict and post-conflict situations, and emergencies resulting from fragility. 

Access under the RFI is limited to 75 percent of quota per year and 150 percent of quota on a cumulative basis. Financial assistance under the RFI is provided in the form of outright purchases without the need for a full-fledged program or reviews.

Millionday: SO OBVIOUSLY THIS AN EMERGENCY FUND FOR NATIONAL ISSUES --

Millionday: I FORGOT ABOUT A 3 OCLOCK APPOINTMENT TODAY

rudie: NO WORRIES CYA TONIGHT!

Millionday: THANK YOU RUDIE AND ALL THAT HELPED -- WOW LOVED THAT REASONING BEHIND US FUNDS --SMILE

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Friday Emergency Call with BGG with a Live Q&A - Audio Player and Replay #'s

Wealthwatch Late Morning Chat 7-31-15  Part 2 of 2

Post From Wealthwatch.world Chat Room 7-31-15
Wealthwatch Late Morning Chat 7-31-15  Part 2 of 2


sczin11: Tomorrow .. application Aldharbah on sales of E-Mobile and recharge cards

 sczin11: It announced that mobile phone companies, on Friday, to start to impose 20% as "sales tax" on cards and electronic packaging for mobile phone companies, as pointed out that the imposition of Aldharbah comes in implementation of the decision of the Ministry of Finance. 

The mobile phone companies in the short messages (SMS) sent to subscribers today, and briefed them "diamond News" that "according to the Ministerial Declaration of the Ministry of Finance / General Authority for taxes for all mobile operators it will be from tomorrow the first Saturday of the month of August for the year 2015 collection and transfer of sales tax and the $ 20% of the nominal value are installed on the scratch cards and electronic tired for prepaid service and monthly bills for payment on credit sales tax service users. " 
~~~
He was adviser to Prime Minister for Economic Affairs, confirmed Saturday (January 3, 2015) that the taxes imposed on the citizen will not be great but it will cover part of the budget deficit, noting that placed the government's plans to raise taxes foreign and domestic loans will cover the deficit,

and called upon the economic expert to put the collection system "is protected from corruption" to obtaining the tax, confirmed a representative of the private banks, private banks will take that role in the next phase.

The Council approved, on Tuesday (June 2, 2015), to meet the customs tariffs and taxes in all border crossing points to Iraq, while pointing out that this procedure will take effect early next month of August.

[09:08:38 AM] sczin11: wealthwatch.world/showthr...

sczin11: "THE BEST PLACE TO PURCHASE DINAR ON THE WEB, BAR NONE!"

captl1: No food but plenty of cell phones..they are learning well.

chattels: THE FEDERAL COURT FILING AGAINST STERLING IS A CIVIL ACTION ALSO

captl1: ‹@sczin11› The 2 hump telegraph service

sczin11: ‹@captl1› lol

captl1: one hump for transmit and one for reception!

 vtech: BGG: The Feds have filed a civil action against Dinar Corp. I suspect we will know what Dinar Corp's plans are in the next 24 hours or so.

sczin11: ANYONE FIND ANYTHING OUT IN PUBLIC ON THIS CLAIM?

vtech: ‹@sczin11› im on the phone to Trump now

trader5: ‹@chattels› yes i was shocked as well, first negative I have ever seen from him,

 vtech: Trump just fired me

 [09:26:52 AM] trader5: someone must be watching over me. i quit buying dinar from sterling about 2 months before they got dinged. and I quit buying reserve from DC about 2 months ago for the first time in a year

sczin11: AND TARIFFS BECOME A REALITY TOMORROW.....

vtech: ‹@sczin11› i hope so

gold642: If not Sczin1 YOUR GROUNDED  lol

sczin11: ‹@gold642› lol

RVPlease: UH OH......... Dinar Corp is in Trouble with the FEDS.... Civil Action has been Filed..... Sterling Down..... Dinar Corp is next looks like.....

whitelions: ‹@RVPlease› what is the action that has been filed dose it say?

luckyinkentucky: I used both

whitelions: or do you have the link please?

Sam: ‹@chattels› my cousin called me yesterday because some friend of hers was driving thru and wanted to talk to her and he told her that the dong was set to rv this weekend. she knew i had some sort of incite on this stuff...i told her dont hold your breath

chattels: Baghdad: oil town Baiji in 'almost fully' under control By RUDAW

chattels: http://ift.tt/1Ny5Ort...

http://ift.tt/1M15cxm

chattels: Baiji, some 70 kilometers southwest of Kirkuk city, has the largest oil-producing refinery in Iraq and a large power plant. The refinery has been shut down since ISIS launched its Iraqi offensive more than a year ago. Government troops supported by the Shiite militia movement known as the Hashd al-Shaabi have been locked in a year-long bloody war in the city trying to drive the militants away from the strategic refinery.

zidziljian: so evil maliki got his plane taken from him

vtech: ‹@zidziljian› where did you see that

zidziljian: I read it on another site, but they do have a link

zidziljian: http://ift.tt/1IzsN5O...  LINK

zidziljian: it made me happy when I woke up this morning

chattels: ‹@zidziljian› THANKS FOR POSTING - I WAS LOOKING FOR A DATE ON THAT NEWS ?

Tootsie: BREAKING NEWS NATO has Abadi agreed to build the capacity of Iraq 's military المحرر - Friday July 31, 2015 18:18​ Baghdad Secretary General of the North Atlantic Treaty Organization "informed NATO " Jens Stoltenberg , on Friday, Prime Minister Haider al-Abadi approval of the alliance to build the capacity of Iraq 's military, while providing student Abadi NATO's mine and IED devices. يتبع... To be continued ... http://ift.tt/1LBTFmS...

Tootsie: oops =- wealthwatch.world/showthr...

http://ift.tt/1IzsO9U

vtech: maliki is toast

gold642: Its about time

Tootsie: About time he agreed ! twas beyond my pea brain why NATO was not engaged (asked) for earlier

BOBBY: Chattels. ... correct me if i am wrong please.. didnt they restrict Maliki s travel awhile back?

chattels: ‹@BOBBY› I DO NOT RECALL SUCH, BUT THERE WAS SOMETHING ABOUT HIS PLANE BEFORE THIS

chattels: ‹@TxBrand› NO ONE KNOWS, ALL SPECULATION AT THIS POINT

TxBrand: ‹@chattels› I cant keep up.. ty Chattels

TxBrand: trying to get paper work done

chattels: ‹@TxBrand› EVERYTIME WE GET USED TO CHANGE, IT ALL CHANGES

TxBrand: ‹@chattels›  :dizzy: your right

Tootsie: I believe that if life gives you lemons, you should make lemonade... And try to find somebody whose life has given them vodka, and have a party. Ron White

gold642: HOW ABOUT VENTING AT THE BANK---SOON

gold642: :smile:

Tootsie: ‹@gold642› next in line hahaha

disciple7: ‹@gold642› i have a sleeping bag under the counter  :smile: im good

Tootsie: Get your facts first, then you can distort them as you please. Mark Twain

disciple7: just hope these tariffs bring us something to be excited about..

Tootsie: Don't Forget - Tonight is a BLUE MOON - won't happen again until 2018 -

disciple7: ‹@Tootsie› awesome!

Donnie: Breaking News Speaker urges to settle disputed laws that reach vote phase Published: 2015/7/30 21:08

Donnie: Baghdad (Forat) –Speaker, Saleem al-Jobouri, called the heads of the political blocs to settle the disputes over the disputed laws that reach the vote phase. Parlaimentary source said to Alforat News Agency "Jobouri called the heads of the blocs during Thursday session to solve the disputes over the Federal Court, Parties, National Guards, and General Amnesty and Labour laws to be presented for a vote." /End/

Donnie: http://ift.tt/1OTMbeN...

http://ift.tt/1IzsQ1e

Donnie: The July 31 appearance of the month's second full moon will be the first such occurrence in the Americas since August 2012. Every month has a full moon, but because the lunar cycle and the calendar year aren't perfectly synched, about every three years we wind up with two in the same calendar month.

Donnie: Two definitions Blue Moon = The third full Moon in an astronomical season with 4 full Moons (versus the normal 3) Blue Moon = The second full Moon in a month with two full Moons.

EdoBini: What of the Bank Laundering Law ? Is it among those law also ?

disciple7: meaning it isn't blue.. its likely to be a pale gray or reddish color.. for those who don't know.

Donnie: Next Blue Moon (2): (Second full Moon in a month) 31 July, 2015 31 January, 2018 31 March, 2018 31 October, 2020

Donnie: Next Blue Moon (1): (Third full Moon in a season with 4) 21 May, 2016 18 May, 2019 22 August, 2021 19 August, 2024

disciple7: ‹@EdoBini› i believe its in the forum
Tootsie: ‹@Donnie› nice schedule! will mark my 2018 calendar for sure (joshing) TY nice info

Tootsie: additional re: NATO ~ CONTINUED ~ ADDITIONAL "NATO" agrees to contribute to Iraq's military capacity building Friday 31-07-2015 | 6:54:36 Twilight News Iraqi Prime Minister Haider al-Abadi said / he said the Secretary-General of the North Atlantic Treaty Organization "NATO" Jens Stoltenberg told him on Friday the approval of the alliance to contribute to Iraq's military capacity building to confront militants Daash. 

A statement from the Office of the Abadi seen by Twilight News The Prime Minister received today a telephone call from the secretary-general of NATO North Atlantic Jens Stoltenberg, where they discussed the security situation in Iraq and the region and train and equip Iraqi forces and NATO help for Iraq in its war against Daash.

 According to the statement, NATO Secretary General informed the Prime Minister during the call with the consent of the members of the alliance to contribute to the construction of Iraq's capabilities and develop its capabilities in military fields, vitality and provide full support to him. 

The statement quoted Stoltenberg as saying that "NATO is working to develop policies to implement the action plan include the provision of military training and medical services within a period of six months, in cooperation with the Iraqi government after placing important priorities in these areas." CONT >> wealthwatch.world/showthr.  http://ift.tt/1OTMbeP

Tootsie: Take care all - Friday holy day, weak on news other that the dreadful kind - have a good day

kepha2000: Scary times. Dominus vobiscum, all!

MichelleL: they've all been grabbing whatever they could get - the longer this drags on, the less enthusiasm I see but I'm not really following "the dinar community" much, just reading what pops into my path

BOBBY: i just let it happen... i got as much say in this as i do the weather

MichelleL: I first heard about the dinar from a foreign investment club I belonged to, over a decade ago - my first investment was around 50 bucks - knew it was a gamble, but added lots, since I play the market on a steady basis, and one gamble promising immense wealth sounded like more fun than one just promising moderate gains ;)

MichelleL: reminds me, time to check the markets lol

MichelleL: back later, chins up friends :) bye


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Wealthwatch Late Morning Chat 7-31-15  Part 1 of 2

Post From Wealthwatch.world Chat Room 7-31-15
Wealthwatch Late Morning Chat 7-31-15  Part 1 of 2


Winnerdinar: Anyone seen schzin11 his link to Dr shabibi is broken

Winnerdinar: I will keep the whip going to keep everyone in order lol

sczin11: GM WORK IN PROGRESS, NO LINK YET..RE DR SHABIBI...STILL WORKING ON IT

Winnerdinar: ‹@sczin11› ok pal looking forward to seeing your magic

sczin11: ‹@Winnerdinar› LOL

sczin11: OKAY FOLKS wealthwatch.world/showthr... GOOD MORNING TO EVERYBODY
~~~

http://ift.tt/1IzsN5E

sczin11: HERE IS THE TITLE OF MY OPINION PIECE WITH INK..

sczin11: JULY 31, 2015- WILL DR. SHABIBI GO DOWN OR BECOME HERO?

sczin11: wealthwatch.world/showthr... http://ift.tt/1IzsN5E

 KiwiDoc: Very interesting read for sure

 KiwiDoc: This is precisely why I can't get too excited about an RV as long as Maliki is still on the loose.

MichelleL: i thought it was my eyes - they're pretty swollen, didn't realize it was the print kiwidoc lol

sczin11: GOOD MORNING EVERYBODY AGAIN... YES, HOPE YOU ALL ENJOY THAT PIECE...TOO LONG TO BRING IN HERE..DONT WANT TO BORE DOUGGIE:)

sczin11: ‹@MichelleL› CAUSE IRT WASNT FINISHED THEN, IT WAS IN DRAFT FORM, YET PROGRAM STILL SHOWS AS A NEW RELEASE IN THE FORUM

chattels: ‹@sczin11› MAY I ASSERT VALIDATION OF MY ASSESSMENT ON THE MEANING OF JOBOURRI 'S PRESENTATION OF THE LAWS ?

KiwiDoc: You see where the Brits let Iran off the hook by not appealing the decision to release the hold on Iranian funds?

chattels: ‹@sczin11› "the importance to hold meetings between the leaders and representatives of the political blocs to get out a unified resolution to this and other laws and to overcome differences on them in order to consolidate and consolidation of democracy, and not having the presidency of the House of Representatives to view some of these laws to direct voting without the political consensus it.

chattels: wealthwatch.world/showthr...

http://ift.tt/1OTM8zq

chattels: ‹@KiwiDoc› JUST GETTING UP MYSELF AND HAVE READ VERY LITTLE

KiwiDoc: Lots of info yesterday, they were even citing "superfantastic" and millionsomething

[07/31/2015 08:21:35 AM] KiwiDoc: day I beieve

[07/31/2015 08:21:51 AM] KiwiDoc: I just caught the end of it before I had to go to work

chattels: ‹@KiwiDoc› I DO NOT EXPECT MUCH BY WAY OF NEWS AT THIS POINT - IT IS EARLY AND IT IS FRIDAY, EH ?

KiwiDoc: quite a rambuncsious bit

KiwiDoc: agreed

] KiwiDoc: saturday here

KiwiDoc: so news should be tomorrow I recon

sczin11: ‹@chattels› ANOTHER TRANSLATION..STILL. NOT SURE IN MY MIND

sczin11: BUT THANKS

chattels: ‹@sczin11› SUCH INDECISION WILL NOT BE TOLERATED - YIELD ! :)

sczin11: ‹@chattels› lol

 sczin11: ‹@chattels› WHO DECIDES WHAT GOES ON THE HOR AGENDA IN THE NORM?

sczin11: DO THEY VOTE TO VOTE?

sczin11: I WOULD THINK THE AGENDA IS PREPARED BY SECT'Y OF THE EXECUTIVE COMMITTEE

sczin11: WHO DOES HE/WORK FOR..TAKE ORDERS FROM?

sczin11: THE SAME CREW

sczin11: SO WHAT IS NEW OR DIFFERENT WITH THE STATEMENT BEING TRANSLATED ABOVE?

sczin11: IMHO, THERE MUST BE A REASON THEY CAME OUT WITH THE WORDING IN THOSE TRANSLATIONS, TO INDICATE SOMETHING DIFFERENT THEN THE NORM, IS BEING THREATENED TO OCCUR

Doug_W: AHHHH but what is the big Q

chattels: i SUSPECT THAT THE PRESIDENT OF THE PARLIAMENT " CONTROLS " THE AGENDA

chattels: HE LIKELY CONFERS WITH THE POLITICAL FACTION HEADS AS WE READ FROM TIME TO TIME

chattels: PROLLY TO DETERMINE WHETHER A SUCCESSFUL VOTE CAN BE DELIVERED, I.E., IS THERE A CONSENSUS ONE WAY OR ANOTHER

chattels: POLITICIANS MAY HIDE BEHIND A " NO VOTE " AS OPPOSED TO AN ACTUAL " NAY VOTE "

chattels: THIS IS MY SENSE OF THE DYNAMIC BETWEEN JOBOURRI AND THE MP'S AND THE PRESIDENT'S IDEA ABOUT BREAKING THE " GRIDLOCK "

chattels: THE BEAUTIFUL THING ABOUT THIS PLACE IS THAT NO ONE NEED AGREE WITH ME

vtech: : I ADVISE EVERYONE NOT TO PLACE ANY ORDER FOR DINAR AT THIS TIME WITH ANYONE . THINGS ARE BEING SAID AND I PERSONALLY WILL WAIT TILL THE OWNERSHIP OF DINARCORP ADVISES THEIR STATUS BEFORE ANY FURTHER ORDERS.

THIS MAY BE A PROBLEM OR MAY NOT. I JUST CAME IN THE HOUSE AND GOT A CALL OF WARNING . THIS IS NOTHING TO PANIC ABOUT AT THIS TIME TILL FACTS ARE KNOWN. TUNE IN TO DINAR UPDATES FOR ANY FURTHER NEWS REGARDING ORDERS. POPPY3

MichelleL:  (From Randy Koonce) How are you makin it. Michelle I am adding a date to archive..Thursday, July 30, 2015 First Off I won the Nigerian Lottery so I am set as it is.......

Man it is great to win multiple times in a row. Ok I am sending this out because it is rumored I retired to Belize and cashed in my lottery winnings...... but no, I am waiting on the dinar so that I can be rich enough to get away from the dinar rumors.

One of the biggest things that we have going for us right now is the tariffs they are going to start on the 1st of August. At least they are suppose to..

The papers are saying that they are so lets just say they are.... They have to have RV to implement the Tariffs so that is why they have moved the tariffs so much because our president has requested Iraq to do so....... and we believe the upper parliament members received compensation to do so because of all the flack they would have to endure.

Now no one would be able to prove the later except why else would Iraq not do what is right for its country and was begging to RV last year and just months ago.

The reason they did not RV yet was the president. Again people want to argue with me and I say the whole world wanted the RV to take place monts ago to even a year ago and it did not happen..

Iraq wanted it along with the world so the only person who did not want it to happen was our president... these facts all add up to our president stopping Iraq from the RV....

Also so we did have intel to the fact to.. Now that the president has run out of excuses for not letting Iraq pay the kurds he is going to have to pay barzani which has lead to Iraq starting the tariff articles....

Also another major article came out with the bonds selling at 1095 anybody in there right mind should have caught that article as bogus........ that was disquise the rate it will actually come out.... 

One of the things we know is the provisional budget that they were going to pay Barzani was going to be in effect from October to the January... and the rate was going to be in the 1.00 to 1.2

] MichelleL: and they were then going to pay barzani a portion of the back oil that is owed him and then in a few months re RV and pay the rest....... 

When the Tariffs take place on the first the Rate should be in the same range it could be a little higher depending on the last arrangement on the HCL that Barzani negoiated. 

So Unless Parliament changes the date again.. Which they do not meet until next thursday..... or there is a loophole none of us know about then we should see the RV prior to the tariffs if we do not see it then there was a loophole that none of us know about and Obama got his way again....

 Keep your chin up we are very close even if we do not see on the 1st the excuses are running thin....... 

So to sum up we know they need RV before tariffs, and the bond article is bogus.... and barzani is needing his money..... GO Barzani.... We are close.. Every large bank will exchange.. RELAX the RV is coming... 

Barzani is the Person that has to be paid... and Iraq nor the US can do this without Money and the only way for that is RV... Breathe,,, Check www.cbi.iq every day to see if it has changed... 

do not take a guru or a post about in country RV or any thing else do not be fooled just check the CBI Do not let your emotions get to you. BREATHE BREATHE......... Yes I will do a meeting after the RV...... do not worry I will send out email..... _______ Randy Koonce

vtech: BGG: The Feds have filed a civil action against Dinar Corp. I suspect we will know what Dinar Corp's plans are in the next 24 hours or so.

MichelleL: thats about it, chattels - and have a great morning :) will sneak back when I can

 MichelleL: great vtech, another one bites the dust - sometimes I really do wonder if we're all holding legit currency lol

chattels: " Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth." - Marcus Aurelius

vtech: IN hand is the best to have

TxBrand: gm wealthwatchers hope we can start watching soon?  Lol

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


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More News, Rumors, and Opinions Late Friday Afternoon

Stage3Alpha:

Lester
July 31, 2015  RE: Statement:  THE IQD YOU CURRENTLY HOLD IS NOT ASSET BACKED

1. Not yet, nor is most currencies presently

2. Thousands have exchanged their IQD into SKR's

3.at this time it seems the SKRS's have slowed to a halt pending the global announcement of the currencies in the first basket

5 . Iraq and many countries will issue a new currency in the future. This is not something new

6 the VNN devaluing in the last ninety days has nothing to do with the rate the investors are concerned with.
....
7. No gurus can state when or when not the RV will or will not happen. That has been a proven fact

8 the Iraq RV has happened in the country. Outside Iraq we await the international rate to be

9 currency dealers are in business to make a profit, as well as most other businesses

10. Not one group has "completed" the exchange yet

11. Some US banks or exchange locations have been prepared for the exchange process excessively.

12. The world GCR is real, call it what you want. The currencies will revalue. , some will increase and some will decrease .

13 what will actually happen is the global currencies (will) reset .

14 Iraq does not "have " to have the RV to survive , but they desperately need it and the world awaits it. The IQD is the golden egg that primes the whole global currencies . This is not just about the RV in Iraq. People must think outside the box and see the whole fifty plus years plan.

15. Reserves and layaways are a high risk, but the ROI could be incredible. Have a plan B

16. This is a simple currency exchange. When the rates change for the better on the CBI.IQ you can exchange you IQD at any bank that has a foreign currency exchange . Of course you will want to decide when to do that. The rate will fluctuate and you decide what rate you want to accept. This is no different than any foreign currency exchange.

17 always stay grounded ( common sense)

18 this is a fluid process. Changes have occurred often. One can only follow what is taken place and make their on judgement when this will go through. No one has guess correctly yet. Much of the intel has been VERY accurate . It has been like ready the future weeks before it happens and then it finally comes out to the public. It's been amazing. Watch
what they do not what they say.

19. All investors should live their life like it will never happen and be pleasantly surprised when it does. It's OK to be cautiously optimistic .

These statements are in my humble opinion and I'm sticking to it. We all have opinions

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TNT:

GoldenGirl:  Message From Blackjack7:
 

I personally have spoken with Blackjack7 numerous times, he wishes to share this message with you... It is time for him to go quiet, he wishes everyone the best and will return to make his statement "The eagle has landed", as promised and when it's appropriate.  Until then, he is just waiting for a call and says "everything is looking great!!"

**********

Zebragirl:
  The Marcels..Blue Moon : https://www.youtube.com/watch?v=v0fy1HeJv80

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Emailed to Recaps:


About SKR's

Safe Keeping Receipt will cost about 15% of the value of an asset. It's used by the bank in 2 ways, first as record for deposit and many banks offer this - it's not the expensive-15% one though.

The SKR being talked about in our reference is a note issued against an asset held by the bank and guaranteed value, proven and authenticated.

It's used for borrowing against your asset and can be sent by wire/SWIFT.

SKR'S are added to the banks' balance sheet and carry insurance.

****************************

KTFA:

JAson 53818 » July 31st, 2015, 1:15 pm  Frank or anyone else who may have a thought.

I understand the need to sell the bonds to bring forth a credit rating which will stabilize Iraq worldwide.

My question is this. I understand the iraq can sell bonds domestically at say 1095 or a reduced rate to make them attractive as an investment.

But the International bonds, before they would be sold would require a internationally recognized/non-program rate before they would be allowed to be sold correct?

To me it makes sense, i guess i am just doing a sanity check to make sure i didn't miss something.

Thank you for the countless hours that you devote to gathering knowledge and then sharing with us and to the newshounds for the tons of information they provide.


**********

Mike100:  IMHO its exciting Iraq is actually sticking to a date for tariffs and bonds.... this should excite many here. This is the start of their economic push internationally and then comes the rate increase with their currency once these things are in place. Also it seems the big wigs in Iraq are applying the pressure NOW!! 

Strongcbm:  Seems like things are heating up....not just with the temperature either..

PappaJ:
  FAMILY DO NOT UNDERESTIMATE THE POWER OF THIS ARTICLE!!!! SISTANI IS NO LIGHT WEIGHT IN IRAQ!!! CAN WE SAY P-R-E-S-S-U-R-E ????

INDEED ,INDEED!!!!!!  (See Article Below)

Walkingstick  » July 31st, 2015, 2:20 pm 

Sistani warns Abadi .. limits to the patience of the citizens!

Writings Friday , July 31, 2015 16:12 am

The witness Liberation Square in central Baghdad Sunday evening protest against power loss at temperatures touched 53 Celsius has the face of top Shi'ite cleric in Iraq, Grand Ayatollah Ali al-Sistani Friday sharply criticized the government Abadi for the loss of services and rising unemployment and Ancharalvesad which he said was the basis of the scourge .. and he warned her, saying, "The limits to the patience of the citizens," calling to respond to their demands and not to deal with their needs violently.

Successive governments did not address the lack of services, especially electricity
, said a certified reference Sistani, Sheikh Abdul Mahdi al-Karbalai during Friday prayers of the holy city of Karbala (110 km) south of Baghdad today and pursued "Culture" through the local channels that the loss of public services in Iraq, especially the large power shortages mounts with Heats up to unprecedented levels touched 53 degrees Celsius .. He pointed out that he was on the successive governments address this problem through effective process plans but unfortunate that every government put the blame on the previous one and it does not is to work to alleviate the suffering of Iraqis.

On Wednesday decided Prime Minister Haider al-Abadi inclusion of housing all state officials Dmenhm housing the prime minister, ministers and three presidencies and their deputies, deputies, governors, presidents and members of provincial bodies and independent agents and advisers boards and general managers machining programmed electricity .. also prevent strictly prohibited to use the fuel allocations from the state to run generators for private residence for all officials State.

For its part Meteorological Authority, said Iraq is expected during the next four days, high temperatures to record more than 50 C in Baghdad. Said Deputy Director of the weather forecasting department in the body honorary Abdul Karim that "the country will see over the next three days, a new heat wave tougher than its predecessors to touching 53 degrees Celsius are called on the government to disrupt the official working hours from Thursday to next Sunday.
According to Iraqi sources that the country's government have spent on electric power projects during the last ten twelve years about $ 30 billion.

Rising unemployment
and said Karbalai that this is associated with the inability to provide appropriate opportunities in the labor and employment that provides a decent living for those in need .. and confirmed the existence of a high rate of unemployment among successive governments overlook address this problem, despite the enormous potential of the Iraq if exploited, there would have remained unemployed work.

He noted that all of these consequences caused by the widespread corruption in the country, calling it own misfortunes and the cause of terrorism and the security chaos. He warned that despite this, the citizens are still Sabreen Mahzben and make their lives and their sons to fight terrorism Aldaasha .. he stressed said, "but patience has limits" and can not wait any longer, therefore, the central government and the governments Mahlaah in the provinces to deal respectfully with the demands of citizens and not to deal with them violently and took Ttalaaahm to respect and work to alleviate their suffering.

Addressing a certified Sistani officials saying "beware of underestimating the demands and needs of citizens, but also work to achieve their demands seriously and sincerely."

The Minister of Labour and Social Affairs of the Iraqi Mohammed Shia'a Sudanese had revealed in March (March) last year for exceeded the unemployment rate in Iraq's 25 percent .. He said in a press statement that the rate of unemployment in the country have risen recently because of terrorist acts that took place recently the country, pointing out that the unemployment rate exceeded 25 percent, and here responsibility be great to deal with this.
The Iraqi Ministry of Planning had announced Last year, the unemployment rate in the Iraqi society amounted to 16 percent.

Communicate with the people of the liberated areas
and military developments and the battles taking place in western Anbar province, since more than two weeks Sheikh Karbalai he said while continuing heroine forces with volunteers fight the terrorists in different parts of the country, especially in the province of Ramadi center and investigating victories it must expand the participation of the regions under the control of the organization "Daash" especially of the sons of the tribes where known Bgertha on Iraq and its unity and dignity.

He noted that the participation of volunteers from other parts of Iraq with the sons of the tribes they increase them militarily and morally Aqtdara and enhance the cohesion of the citizens and emphasizes the unity of purpose and belonging to Iraq one unified and miss the opportunity to both Assay for the band the country sons.

He stressed the need that coincides with a move officials to open up to the citizens of the liberated areas and listen to their demands and aspirations mutual trust and a sense of common destiny and co-existence on the basis of national partnership.

The Iraq yesterday signed with the United Nations and the United States in recognition of a financial grant to stabilize Messaging and rehabilitation of the liberated areas from the control of the organization "Daash" was first paid $ 8 million .. Ebadi said Office in a press statement that "the United States will begin under that delivery amounts premium first $ 8.3 million to the United Nations, which will manage the implementation of rapid rehabilitation projects basic services and humanitarian needs and which will receive the amounts of donor countries successively under what was decided at the Paris Conference in the month of June "where he was Abadi participated then conference the international coalition, which was held in the French capital Paris, where the conference monitoring sums of money to the reconstruction fund for the liberated areas and stressed that there is confirmation from coalition countries to support Iraq.

Protests the courtyard of the liberation of central Baghdad
and witness Tahrir Square in glands evening protest rally popular called by activists across networks to protest the loss of services large and power shortages.
and pre-empted a senior government source protests by emphasizing that pretend right guaranteed by the Constitution and noted that the government will take into account would ask him protesters during the demonstration to be set up today, but expressed fear of the presence of infiltrators in the demonstration .. explaining the presence of reform steps undertaken by the government in all fields, including the electricity sector.

The source said that "pretend right guaranteed by the Constitution," noting that "the government will take into consideration what the demonstrators will demand it, and we would like to show the situation that form obstacles for the government. " He added that "among these things poor planning that accompanied the electricity sector for the past year and financial situation and the financial crisis experienced by the government."

The source explained in a statement quoted by "Olomreh News" that "the current government does not bear put the current electrical system which took over the reins ago nearly 10 months locked in a fierce war with Daash gangs cost it large sums of money with the deterioration of a significant decline in oil prices. "

He pointed out that "there is reform steps undertaken by the government in all fields, including the electricity sector, and we strive to provide the security and safety of the demonstrators and we fear them lurking," pointing to "The demonstration right guaranteed by the Constitution and we hope to be a peaceful demonstration, and away from whatever it is that disturbs the peace and cause a security flaw and security men will to protect the demonstrators."

The source said that "oil imports dropped to less than half and spending the war rose to fight Daash and edit every inch of Iraq "noting that" the security forces while fighting Daash the legal and moral responsibility to protect the citizens. "

http://ift.tt/1guSSIJ

Walkingstick  » July 31st, 2015, 4:31 pm 

Abadi calls on ministers and officials to take to the field for the problems of citizens
Friday July 31, 2015 23:02

Alsumaria News / Baghdad
The Prime Minister called Haider al-Abadi , on Friday evening, ministers and officials to take to the field for the problems of citizens and find solutions to them, stressing the right of citizens to express their views, during an emergency meeting held with the Minister of Electricity Qassim Fahdawi and ministry staff.

To be continued ...


Abadi of the demonstrators: do what I can to address the electricity crisis
By Roudao 36 minutes ago

Roudao - Arbil, in a brief response to the hundreds of demonstrators who turned out Friday in Tahrir Square in central Baghdad to demand the provision of services and the fight against corruption, Prime Minister Haider al-Abadi said that he was doing everything he could to increase the number of hours of processing power to the citizens.

The statement said Ebadi seen by Roudao Network Media: "Prime Minister held an emergency meeting Friday evening with Minister of Electricity and ministry staff to follow up the electricity problems and weakening the system and the need to make further efforts to increase the hours of processing power to citizens and the fight against corruption." According to the statement called al-Abadi "to the presence of the employees of the Ministry of Electricity in sites to repair the damage issues and increase productivity, and full application of the order that was released by us comprehensively all officials machining programmed for electricity. " He also called Abadi all ministers and officials to take to the Tahrir Square and listen to the demands of the demonstrators and address the problems as soon as possible, praising the success of the peaceful demonstration and to help the security forces to the demonstrators and protect them from terrorist attacks.

http://ift.tt/1eHFu2f


Abadi thank protesters to respect public order and calling for those responsible to take to the street

Editor: BS, HA 07/31/2015 22:54

Long-Presse / Baghdad
Thanked the Prime Minister Haider al-Abadi, Friday, citizens and protesters to respect public order and express their views are "civilized", and called on officials to go down to the field to see the problems of citizens, while stressing the need to increase the production of electricity.

The Prime Minister's Office said in a statement received (range Press) copy of it, "the Prime Minister Haider al-Abadi held this evening, an emergency meeting with the Minister of Electricity Qassim Fahdawi and ministry staff to follow up the electricity problems and the weakening of the system," stressing "the need to do more efforts to increase the hours of processing power to citizens and the fight against corruption. "

He called Abadi, according to the statement to "the presence of employees of the ministry at the sites for the repair of defects and increase productivity, and full application of the order that was released by us comprehensively all officials machining programmed for electricity," stressing "the right of citizens to express their views and call on all officials to listen to their demands."

And he gave Abadi "thanks to the citizens and protesters to respect public order and express their opinions in a civilized as well as security forces that protected the demonstrators and the maintenance of security and dealing with citizens with respect and in a professional and dedication," stressing that "it promotes cohesion between citizens and security forces that fight terrorism and preserve the security of citizens ".

Abadi stressed "the need for the descent of all ministers and officials to the field for the citizens' problems and find quick solutions to them."

Hundreds of citizens and activists demonstrated on Friday in Tahrir Square in Baghdad, to demand the resignation of Electricity Minister Qassim Fahdawi and improve services, while critical of the performance of the secretariat of Baghdad.

The security forces cut off before the start of the demonstration, roads and bridges leading to Tahrir Square in central Baghdad, which will see a demonstration demanding the improvement of the situation of services in the country, with hundreds of people arrived in Tahrir Square to protest.

And social networking sites have seen in Iraq over the past few days, invitations to participate in a demonstration Tahrir Square in central Baghdad, demanding better services and especially the country's electricity.  LINK

Abadi thank protesters to respect public order and hold an emergency meeting with Minister of Electricity and ministry staff
History of edits:: 7/31/2015 23:16 •

{Baghdad / Euphrates News} prime contract single Abadi, an emergency meeting, on Friday evening, with Minister of Electricity and ministry staff to follow up the electricity problems and weakening the system and the need to make further efforts to increase the hours of processing power to citizens and the fight against corruption, also thanked the citizens and demonstrators to respect the system General and express their opinions in a civilized.

A statement by the Information Office of the Prime Minister said that al-Abadi held an emergency meeting, on Friday evening, with Minister of Electricity and ministry staff to follow up the electricity problems and weakening the system and the need to make further efforts to increase the hours of processing power to citizens and the fight against corruption.

He called Abadi to the presence of the employees of the Ministry of Electricity in sites to repair the damage issues and increase productivity, and full application of the order that was released from the inclusion of all officials machining programmed for electricity.

The President of the Council of Ministers on the right of citizens to express their views and call on all officials to listen to their demands.

He thanked Abadi, according to the statement of citizens and protesters to respect public order and express their opinions, more civilized, also thanked the security forces that protected the demonstrators and maintain security and dealing with citizens with respect and in a professional and dedication which enhances the cohesion between citizens and security forces that fight terrorism and preserve citizens' security.

He also called on all ministers and officials to take to the field for the citizens' problems and find quick solutions her.

http://ift.tt/1eHFvTH




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My Ladies and Nova Friday PM: "Back to our Economic Study"

Thanks My Ladies for letting us share from your private chatroom:

MY LADIES:  NOW LET’S ALL GET BACK TO OUR ECONOMIC STUDY AND CHECK OUT THAT SILK ROAD SOME MORE. GREECE COINCIDENCE THERE IS NO BAIL OUT YET? NOPE!

BIS 2015 A TURNING POINT???

CHINA IS ABOUT TO MAKE THEIR DEBUT ON THE WORLD STAGE AND WE ARE WATCHING IT. THERE IS LITTLE DOUBT I THINK OF THEIR INCLUSION IN THE SDR BASKET IN JANUARY.

China seeks confirmation of renminbi’s arrival on world stage

http://ift.tt/1DfSmbB
If, 20 or 30 years from now, central banks and sovereign wealth funds hold a significant portion of their reserves in renminbi-denominated assets, financial historians will probably look back on 2015 as a turning point.

The International Monetary Fund is engaged in a year-long review of the currency composition of its special drawing rights (SDR), with a final decision expected between November and early 2016. The currencies now included in the SDR “basket” are from the world’s most influential economies: dollars, euros, yen and sterling.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.

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The direct impact of SDR inclusion is almost negligible. The IMF created SDRs in 1969 to respond to a global shortage in viable reserve assets under the Bretton Woods system of fixed exchange rates.

But Bretton Woods collapsed less than a decade later and today various currencies not included in SDRs, such as the Swiss franc and Australian dollar, are also widely held as reserves.

MY LADIES:  HUMMM WAS THAT A LITTLE HINT??? I WONDER…

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MY LADIES:
  WELL THE YUAN TRUCKS ON!

Increased Chinese Yuan Payments In South Africa Points To Healthy Relations And Progress

http://ift.tt/1eHeKPt

According to the latest figures released by SWIFT, Yuan transactions between China and South Africa are on the rise. Over the past year, trades increased by 33 percent.

Last month, payments between the two countries went up by 31.3 percent, while in June 2014 the total was at 10.8 percent and 4.8 percent in June 2013.

“Much of this growth has to do with the strengthened bilateral relations between South Africa and China, which were renewed at the end of 2014 to include trade co-operation and sustainable investment opportunities between the two countries,” said Hugo Smit, head of Africa South at SWIFT.

“RMB usage in South Africa should continue to grow at a good rate.”

“South African companies are focusing their efforts on emerging economies for new opportunities, and access to the Chinese market is at the heart of their strategy,” highlighted Deputy President Cyril Ramaphosa during the China-South Africa Business Forum.

MVL:  This is very important for us, because I believe it will accelerate our ability to initiate an income stream, for example, from Chinese, Iraqi, or Iranian bonds...yes...?

AH: 
Very good point, MVL !!!

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MY LADIES:
  WHAT ARE THE BOYS OVER AT FOREX SAYING??

China Might Soon Widen Renminbi Further to Get Included in IMF's SDR

http://ift.tt/1DfSkjS

 China Might Soon Widen Renminbi Further to Get Included in IMF's SDR

Chinese State Council released a statement titled 'Key steps to promote foreign trade' last Friday and a follow-up press release, titled 'Yuan given more flexibility to boost exports' over the weekend. These readily intensified speculations that China would further widen renminbi's trading band. Though the timing is unspecified, we expect it to materialize before IMF's review of the SDR basket in October/November.

The act of band widening would demonstrate China in on the way to full capital account convertibility and its currency is becoming more "freely useable', a key criterion to be included in SDR.

MY LADIES:  I WISH TO SEE IRAQ WIDEN THEIR BAND. WOULDN’T THAT BE NICE.

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MY LADIES:
  THE DEATH THAT NEVER COMES, HOW MUCH LIFE SUPPORT IS LEFT FOR GREECE? IMF IS TRYING TO PULL THE FINAL PLUG BUT THE EU REFUSES TO LIE DOWN. THE NEXT PAYMENT OF 3.2 BILLION EURO TO THE ECB IS AUGUST 20TH

IMF 'will not join Greece bailout until debt concerns are addressed'

http://ift.tt/1eHeKPv

The International Monetary Fund said Thursday it would not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.

MY LADIES: 
ALWAYS AS WE NEAR THE WEEKEND IT SEEMS WE HAVE THESE GREEK CLIFF HANGERS.

IMF Drops A Greek Bombshell

http://ift.tt/1DfSkjU

European markets continued their rebound yesterday, rising for the third day in a row, helped on their way by further positive earnings reports, as well as continued M&A, as a turbulent July comes to a close and the prospect of the first positive month since March.

Some of the gloss was taken off proceedings in the afternoon session on reports that the IMF board had insisted that, without debt relief, the organisation would not be able to take part in the latest Greece rescue package.

=============== 

MY LADIES:
  WHEN THINGS GET TOUGH NOT EVERYONE BAILS.

Greece news live: Tsipras confirms he ordered Varoufakis 'Plan B' after IMF threaten to scupper bail-out deal

http://ift.tt/1eHeJuE

Prime Minister defends his former minister after IMF reveal they are unwilling to provide any money for a new rescue right now

New Democracy, the largest opposition party in the Greek parliament have released a statement in the wake of Mr Tsipras' admission that he ordered his former finance minister to carry out contingency plans for a Grexit.

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IQD NOVA:  ONE THING THAT I ENJOY ABOUT FOLLOWING THE IQD AND THE NEW ECONOMIC ENGINE THE MOST....

IS  KNOWING WHEN THE FACTS ABOUT 2015 ARE WRITTEN DOWN  IN THE HISTORY BOOKS....

2015 WILL BE SEEN AS THE START OF AN AMAZING ECONOMIC RUN THAT THE WORLD EVER SAW COMING!!!!

AND ALL THE DOOM AND GLOOM PEOPLE WILL BE LOOKING BACK WITH THERE THUMB UP THERE A**!!!!

FOLKS IN THE NEXT 4.3 YEARS THERE WILL BE GREAT VOLATILITY IN THE DEBT MARKETS BUT EVERYONE IN THIS ROOM WILL HAVE THE MEANS TO POSITION THEMSELVES LIKE NEVER BEFORE!!

AND YES THIS IS NOVAS WAY OF SAYING HE IS EXPECTED!!! (Excited)
MY LADIES:  OK SO I'M NOT GOING TO IRAQ IF THERE IS NOTHING YOU THINK I NEED TO LOOK AT FROM THERE THEN WE'RE DONE FOR NOW.

SSS:  tariffs and power transfer still looks like a go?

MY LADIES:  YEA IT DOES, IT ALL LOOKS GOOD, DO WE HAVE ANY LINKS??

Bandito Rox:  Everything still on schedule for Sunday


The central bank issued bonds in dollars on behalf of the financial

Economy and tenders Since 07/31/2015 15:57 pm (Baghdad time)

Baghdad scales News

The central bank announced on Friday, put forward delivery in US dollars "bearer" on behalf of the Ministry of Finance, while noting that the amount of the value of bonds of up to $ 2 billion in bonds.

The bank said in a statement received / scales News / copy, "we will ask the delivery term currency dollar bills" for the carrier "on behalf of the Ministry of Finance, dated August 2 and until 31 August next," adding that "the issuance of bonds will be four categories" in 2500 and 10000 and 50000 and 100000 "US dollars and a total of $ 2 billion dollars."

He explained, "The sale of these bonds in Iraqi dinars at a price of 1095 dinars per dollar, and is payable by the Ministry of Finance at the end of next year 12/31/2016, noting that it will pay in dollars for maturity."

He said the bank "These bonds can be used as collateral for loans or guarantees require facilities" .anthy 29 / d 25  LINK

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Bandito Rox:
  And the taxes on schedule for tomorrow also

(*) Takeda to published / scales News / .. imposing on Kartat mobile multiplicative effect from 1.8.2015

Economy and tenders Since 07/31/2015 15:28 pm (Baghdad time

Special scales News

Confirmed mobile phone companies, on Friday, to start to impose 20% as "sales tax" on cards and electronic packaging for mobile phone / mobile Kartat / from tomorrow Saturday, 08.01.2015.

The mobile phone companies in the short message "SMS" sent "The Ministerial Order issued by the Ministry of Finance of the General Authority for taxes for all mobile operators, as tomorrow the first Saturday of the month of August" collection ". LINK


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