Don't WAIT!

Wednesday, September 2, 2015

News, Rumors, and Opinions Wednesday Morning

TNT:

NetGlobal:  Everybody has different opinions on when the RV is going to happen but the truth is we will all RV at the same time. LOL

Iko Ward:  Personality test...Forex polled 1 point in our favor this morning. Does that mean nothing is happening, or everything is happening?

Iko Ward:  Up until the middle of August the average Forex swing on Dinar was 40 points. Then for a couple weeks it was only ten. Now this week it has been 4 or 5, and today it was 1. Tony spoke like this week was it for sure. I was hearing rumors yesterday we have ignition. What you are feeling right now is how you will feel whenever the going gets rough, even when you are wealthy. Personal growth is no picnic.

CO Dreamer
:  Inch by inch - we will get there
....
Depaul13:  t's Like Waiting for the Perfect Wave!!   You know its coming..... Just Imagine sitting on your Board..... Waiting for the Wave!! The "Wave" !!! Awesome!!!

Timth21man:  Is the Market closed today?

JJF:  China market is closed today and tomorrow - holiday

New Creation:  Poised for Take-off—Unleashing Indonesia’s Economic Potential from Christine Legarde   http://ift.tt/1NUv3GW

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Going South:  this is what everyone needs to do. 
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Stage3Alpha:

BruceA: I MF posted for Sept 02 already.. must be good..

I’s: innovation, integration, infrastructure , inclusion and insanity

http://ift.tt/1KqhFee

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Landa Global Conference Call Today:

LANDA GLOBAL  CONFERENCE CALLS

Landa Global has been hosting a dial-in conference to inform holders of assets and intermediaries of the current status of the historic bond redemptions, and general information in respect of procedures and pricings of assets.

To access the weekly conference, please observe the following information: 

Date:  Each Wednesday
Time: 4:00 p.m. CST (USA)


Conference Number:   641-715-3580
Access Code:   484-959#

International:   See international call numbers below. Access code is the same as above.


http://ift.tt/1bfWr1Y
KTFA:

Walkingstick:   The issuance of an arrest warrant cousin Nuri al-Maliki in the provincial council in Karbala

Ali Mohsen Radi    Section: News   September 2, 2015 14:55

Criminal Court issued Karbala, Wednesday, an arrest warrant for a member of the provincial council for the rule of law Hani Hamid Jassim al-Maliki, on charges of abusing his position to obtain funds illegally.

The accused is one of the cousins, Vice President of the Republic article Nuri al-Maliki

http://ift.tt/1hyg6xv

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Walkingstick:   BRICS actively pushing for IMF reforms blocked by US: Lavrov
September 2, 2015, 10:11 am

“Reforming the international monetary and financial system to make it more equitable remains high on our list of priorities within BRICS,” Lavrov said on Tuesday [Archives]

Moscow will push for BRICS to uphold its primary function for which the alliance was forged, to safeguard economic interests of the five nations, Russian Foreign Minister Sergey Lavrov has stressed.

“It was formed to uphold the interests of these “new countries” in the framework of international financial relations, including the IMF and the World Bank. It’s not some whim but a reflection of objective reality,” Lavrov told an audience at a Russian University in Moscow on Tuesday.

The New Development Bank and a monetary fund, launched by the BRICS “will be backed by one hundred billion dollars each, which will allow BRICS to act more independently and effectively in implementing the projects that are deemed mutually beneficial by its association members” said Lavrov.

“Since 1990, the share of the United States, the EU, and Japan in the global GDP has decreased sharply, whereas the share of the BRICS economies, if I’m not mistaken, has grown from 7.7 percent to 22 percent – that is, it has tripled. The share of BRICS in the global GDP has grown at the expense of a comparable reduction in the share of the United States, the EU and Japan,” Lavrov claimed.

The BRICS bloc is “actively pushing” for IMF reforms while “these decisions are now being blocked exclusively by the United States” charged the Russian Foreign Minister.

As the BRICS countries launched new financial institutions like the $100 billion BRICS Bank, the China-led Asia Infrastructure Investment Bank, and a $100 billion BRICS currency reserve fund, the IMF has once again delayed voting reforms to give emerging countries greater say.

“Reforming the international monetary and financial system to make it more equitable remains high on our list of priorities within BRICS,” Lavrov said on Tuesday.

A statement from the International Monetary Fund in June said the board has postponed the discussion on how to move forward without Washington. The board will now take stock of the situation in September.

IMF Chief Christine Lagarde had last year hinted at a “Plan B” if the US failed to endorse the reforms by the end of 2014.

Both the China-led AIIB and the BRICS Bank have been gaining popularity and are seen as a counterbalance to the IMF and World Bank. The US and Japan have not applied for the membership in either of the new development banks.

The IMF reforms will hand more IMF voting powers to BRICS, a long-standing demand of the group and will also reduce the concentration of representative power of Western Europe at the IMF board.

China and other emerging economies, including BRICS, have long protested against their limited voice at global financial platforms, including the World Bank, International Monetary Fund and Asian Development Bank.

The IMF quota reform calls for a 6 per cent shift in quota share to emerging economies. It will lift China, which still has less voting power than the Benelux countries ( Belgium, Holland and Luxemburg), to the third largest shareholder. Shares for Russia, India and Brazil will also see hefty rise.

Meanwhile, the BRICS foreign Ministers will meet on the sidelines of the United Nations General Assembly in September in New York.

Russian Foreign Minister Lavrov confirmed that documents will be adopted at the BRICS ministerial meet in New York that “reinforce our common approaches to key international policy issues, including with regard to the Middle East, and certainly, our negative attitude toward unilateral sanctions”.

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