News, Rumors, and Opinions Friday Morning 10-23-15

TNT:

Note: Our Sincere condolences to the family and friends of Knight Hawk who passed away last night.  He will be missed by many…The Dinar Recaps Team

Gizmosmom:  RIP Knight hawk, you nare finally dancing on streets paved with Gold!! Watch over us dear heart and thank you for all you brought to us. You will always be remembered!

JersyBoysFanin: I’m j ust shocked to hear of Knight Hawk's passing. As a mainstay in our family... He will be truly missed. I wasn't aware that he had major health issues going on... And from what his brother said, it could've been a number of things. God bless you, my friend... And know that you helped many cope during this ride. Peace and comfort to his family.

LeeA;  Apparently he was blessed with the most peaceful of passing on...just to close your eyes and awake in glory is a blessing
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daz] WHEN ALL THE PEOPLE OF IRAQ HAVE FREE AND UNFETTERED ACCESS TO AN INTERNATIONAL RATE AND ABILITY TO TRADE FREELY AT THAT RATE....WE WILL TOO.

EVERYONE IN THE WORLD WILL...ALL AT THE SAME TIME.

BECAUSE OF OUR PROXIMITY TO INFORMATION WE WILL HAVE A POTENTIAL ADVANTAGE IN THAT WE WILL BE LIKELY AHEAD OF THE CURVE ON THE PUBLIC AWARENESS OF A RATE CHANGE AFFORDING AN OPPORTUNITY IF WE CHOOSE, TO BEGIN OUR EXCHANGES IN ADVANCE OF THE MASS PUBLIC...

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Late Thursday Night:

Dedar:  Found this article about the financial markets very interesting that s​omething is beginning to happen. http://ift.tt/1LRHfYz ​coming-signs-that-the-great-derivatives-crisis-has-now-begun

Isa52bc:  I like the fact that Iraq and 17 other nations were elected into the Economic & Social Council of the UN!

Dave101:  I gotta be missing something here. What does the market have to do with a country RVing it currency

Isa52bc: Dave, it is all about the flow of money. When a country revalues its currency the price of the products they produce increases, thus making things more expensive for other countries to import. Since several countries are expected to be in the next couple of baskets to revalue it will have a huge economic impact throughout the world.

Many clothing items are now being made in Viet Nam, so the price of the clothes will go up as an example.

The chain stores will increase their prices to help stabilize their earnings and counteract fewer people buying the items. Earnings will go down, making investors sell their stocks, thus the market will fall.

Dave101:  isa thanks that makes since

Isa52bc:  The financial talking heads are saying inflation needs to be raised...this will do it
Goodtimes1:  isa52bc things are way too expensive as it is, thats not good

Isa52bc:  Goodtimes, that is why there is so much concern. Just imagine living on a tight budget with no way to increase your income. People are going to go nuts, that is why we are seeing so much preparation going on right now...imho.

XRayOkie:  For what it is worth the impact of the RV will be largely determined on what all the new wealthy people like us do as a whole if we were all to rush out and just buy whatever we desired without thought of the future inflation will go threw the roof. If we are all responsible and give careful thoughts to what we do the long term effect of this will be amazingly good for the world JMO

Olesailor:  xray look at it another way. If a billion dollars are placed in the hands of 6 million toothless crackheads, the econ omy will flourish , for a while. Fast and furious. It it is spent wisely and invested in long term issues, the recovery will be slow and last longer. Either way, the PTB win,

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Tishwash:  China cuts rates again as economy slows
 
China has cut interest rates for the fifth time this year as policymakers increase efforts to combat a deepening economic slowdown and rising capital outflows.
The People’s Bank of China said on Friday evening local time that it would reduce its one-year benchmark rate by 0.25 percentage points to 4.35 per cent, effective from Saturday.

The one-year deposit rate will also fall to 1.5 per cent from 1.75 per cent. The cuts, according to a statement on the PBoC website, are aimed at “further reducing the social cost of financing”.

The PBoC also lowered the renminbi reserve ratio it requires of its banks to hold by 50 basis points, “in order to maintain reasonably adequate liquidity in the banking system, guide steady moderate growth of money and credit”.

This week China reported third-quarter growth of 6.9 per cent. The pace, while better than expected, was the slowest quarterly growth rate since the first quarter of 2009 — the worst days of the financial crisis.

Other indicators, such as manufacturing sector surveys, have continued to head lower in recent months, raising fears about the health of the world’s second-largest economy.
China is also grappling with record capital outflows, which have had the effect of tightening credit domestically.

“We shouldn’t take today’s announcement as evidence that policymakers have grown more concerned about the economy,” said Capital Economics, an economic research organisation.

“Instead, this is a controlled easing cycle that underlines how China’s policymakers, unlike many of their peers elsewhere, still have room for policy manoeuvre.”

http://ift.tt/1W8SvkH
 
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KTFA:

McDan:  IMO after reading the info and listening to the CC the biggest holders of the US TREASURY NOTES WILL BE THE CENTRAL BANKS ( Feds. ) AND IMF.

Dnari131:  Iraq wins the membership of the Economic and Social Council (ECOSOC)
10/22/2015 11:08 GMT

Iraq won the membership of the Economic and Social / ECOSOC / Council of the Asian Group, which is one of the main communities in the United Nations Organization.

A statement by the Foreign Ministry today, "said the special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won / 179 / votes out of / 187 / voice, with one country, so Iraq's record return mission in international forums.

The statement noted "that the Economic and Social / ECOSOC / Council is one of the important organizations that discuss economic, development and humanitarian and social issues.

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tman23   This whole salary ladder is being talked about moving to Federal Court and challenged.

Such a lawsuit brought forth will stymie all other political reforms... And Abadi will lose credibility...

IMO, the BEST thing we have seen is this new salary ladder...The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries...

Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid.
 
Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year...which is the equiv to international standards...when you take all the salaries on the ladder it works out to what their in country pricing index is. 

So the question is...HOW LONG BEFORE THE ARE TOLD...AND IMO...The 3 zeros need to be raised with the "back wall" being the start of the new year.
 
In the past years they spoke of lifting the 3 zeros and it was DELAYED...needed studied by a committee...We probably couldn't count on 2 hands how many committees kept being formed to study the 3 zeros. 

Then they announced delaying from the start of the New Year to June...AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR!  

This new salary ladder is a good sign.

The delay of the investment law is a good sign.

The 2016 Budget being completed before the start of 2016 is a very good sign.

And citizens not being paid and liquidity being drawn in off the streets is a good sign.
 
IMO...Honestly, it doesn't get any better than this as a pre-revaluation phase that sets up the revaluation.

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