More News, Rumors, and Opinions Late Wednesday Afternoon 2-17-16

KTFA:

Mountainman:  So Here is how I'm SEEING this "REALITY"........

Are these "SANCTIONS" on The USA Side "SERVING" A GRANDER PURPOSE???.....Such as A "TIME DELAY" for MAJOR US CORPORATIONS to be "RESTRAINED" Until IRAQ comes w/ Them INTO the MARKET and by KEEPING SANCTIONS on this Side of the GLOBE USA Corps are less likely to RUN to IRAN First= USA Banks can't Transact w/IRAN.....YET!!!!!!!!......

Thus "PART" of The USA/IRAN "DEAL" was "ALLOWED" so Iran could Move Forward w/Contracts and TRADE w/Other Countries to Begin to MOVE their ECONOMY Forward by Settling Oil and other Agreements in the EURO.......

Which would SPUR IRAQ to Make "HASTE" finishing Up The Remaining Areas for Their ECONOMY REFORMS=CBI/GOI/Banks/Citizens ???......

The OTHER Side of The KNIFE.......So to Speak........is as The USA Asset Backed Currency Comes Into PLAY.......then the FIAT/PETRO DOLLAR can have an "EXCUSE" to EXIT in GLOBAL View =at The "PROPER TIMING" and Then the REMAINING Sanctions on US Corps and Banks will be able be "REMOVED" to do BUSINESS as IRAQ/IRAN Enter the "CHAPEL" so to speak TOGETHER and BOTH are In BLISS/ECONOMICAL BOOM HEAVEN!!!!!!!! IMO

Blessings,Mountainman
....

Dnari131: Yep MM...Could be A or B and/or as Frank been saying...they have another clause they go by..the F U Clause which as a result can cause either options your presenting or hybrid of both...they're clearly making some moves and really don't care what anyone is thinking but jmo....wouldn't be surprised if Venezuela comes into play along with others...

So basically Brazil, Russia,Iran making moves doing direct deals...only Bric is the S which is South Africa remains but they've been quiet in the background..probably because of all the mines they got unaccounted for in the background! There come a point where "unintended consequences" beyond human control is a possibility no matter how brilliant the minds are again jmo..remains to be seen obviously

Dnari131:  Embraer : Brazil ditching dollar to boost Iran trade

02/17/2016 | 06:27am US/Eastern
Brazil says it will deal in euros with Iran to sidestep US sanctions on Tehran.

Brazil says it will ditch the dollar in trade with Iran to sidestep a US ban which prevents Tehran from using the American financial system.

Trade Minister Armando Monteiro has said Brazil seeks to boost business relations with Iran after the lifting of sanctions on Tehran, even though Washington has opted to maintain its "primary" embargo on the country.

"Everyone is racing after Iran now. The trade potential is very big," Monteiro told Reuters on Tuesday.

He said Brazil will find ways to settle payments and the type of payment and currency in transactions with Iran which President Dilma Rousseff could visit this year.

Rousseff lifted sanctions against Iran last week after meeting with the Iranian ambassador, hoping to bolster trade between the two nations, which have enjoyed warm ties for years despite tensions with the West.

Latin America's biggest economy aims to triple trade with Iran to $5 billion by 2019, Monteiro said.

He said Iran has already contacted Brazil'sEmbraer, the world's No. 3 commercial plane manufacturer, for the purchase of commercial jets for regional aviation.

Iran is eyeing the four models of Embraer's E1 family of regional jets, because of their low maintenance costs, Reuters said, quoting an official spokesman for the company.

"Iran is a very interesting market because there is a lot of repressed demand and it is a huge country so there is great potential for regional aviation," the spokesman said.

Monteiro said Iran is also interested in Brazilian cars and trucks as well as machinery to renew its oil refinery network.

He visited Tehran with a delegation of 60 traders and state officials through October 26-29 to discuss strengthening commercial ties.

Brazil'sTrade Minister Armando Monteiro (L) and his Iranian counterpart Mohammad Reza Nematzadeh attend a joint meeting in Tehran, Oct. 27, 2015.

Monteiro said Brazil is interested in importing natural liquefied gas from Iran which possesses the world's largest gas reserves.

Iran is the biggest economy to rejoin the global trading system since the collapse of the Soviet Union more than two decades ago.

Iranian officials say the Central Bank of Iran (CBI) has decided to carry out all foreign trade in euros since the US is preventing its banks from doing business with Iran despite the lifting of sanctions.

Washington says it has eased "secondary" sanctions targeting companies outside the US and Americans seeking certain businesses in Iran but most "primary" sanctions related to terrorism and rights accusations remain in place.

Under the order, all foreign banks operating in the US are forbidden from clearing dollar-denominated transactions involving Iran through American banks.

The measures have only clipped the wings of US companies as major companies from Asia to Europe have been rushing to resurrect trade with Iran.

With a population of more than 80 million and annual output of $400 billion, Iran sits on the worlds' biggest oil and gas reserves combined as well as sizable mineral deposits.

(c) 2016 Press TV. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspaper
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Emailed to Recaps:

Blast from the Past:

AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks

By DONATELLA LORCH, Special to The New York Times

KUWAIT CITY, March 24— It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.
Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.
 
Without electricity, the banks services were slow, limited to money exchange and withdrawal. There was no telex, no electronic money transfer and no telephones. The computers were unusable, so all transactions had to be entered by hand.
 
"It's like going back 20 years," said Mohammed al-Yahya, the manager of the Commercial Bank of Kuwait, the nation's second-largest bank. Seized Dinars Canceled
 
The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.
 
All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
 
Although it is severly handicapped without electricity, the Commercial Bank, like many other major banks, was able to open for business because its records had been saved from the Iraqis. Mr. Yahya hid the bank's balance sheets in his home and sent its computer records to London via Syria with an Indian employee, who packed the tapes into the back of a trailer.
 
The banks also face serious personnel shortages. Only 11 of the Commercial Bank's 35 branches opened today, with 137 out of 1,300 workers.
Before the Iraqi invasion, only 17 percent of the bank's staff was Kuwaiti. Many of the foreign workers -- Jordanians, Palestinians and Indians -- fled and now cannot re-enter the country.
 
For those exchanging money today, there was little they could buy in Kuwait. Many of those in line said they planned to use their money for vacations or for shopping trips to Saudi Arabia to buy generators and food.
 
"I need to get away from this pressure," said Abdul Mohammed Hussein, a computer engineer in his early 40's who said he was withdrawing 1,500 new dinars to take a vacation in the United Arab Emirates. "Everywhere you go you find lines. At the supermarket, you find lines. To get petrol for the car, you find lines."
 
Abdul Hamed al-Atar, a 50-year-old retired Interior Ministry official, said this was the first time he had set foot in a bank since September, and he seemed relieved. "Kuwaits always keep a lot of cash with them," he said as he was handed crisp new piles of money that he stuffed into a small bag. "It's a comfort to have money in my hands."
 
Photo: As Kuwaiti banks opened for the first time in months, a group waited in line to change old banknotes for new. New currency was printed to replace stocks of previous notes looted during the Iraqi occupation. (Agence France-Presse)

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Dinar Updates: 

Poppy3   NOW WE HAVE UNITED NATIONS BAN KI MOON TRAVELING TO IRAQ WITH OTHER WORLD LEADERS TO BE THERE THE FIRST OF MARCH? WHY?  

Q: [Any good news?] 

Poppy3:  SAME AS THE LAST REPORT RATE TO BE POSTED IN THIS FIRST QUARTER OF 2016 AND POINTING AT MARCH 1...NOTHING HAS CHANGED FOR ME TO THINK DIFFERENT.  

THE 28 PAGE REPORT STILL STANDS --- FROM THE IMF, WORLD BANK, UNITED NATIONS THEIR STATEMENT...THEIR WORDS SAID IRAQ WILL BE GLOBALLY ACCEPTED BY MARCH 1 OR BEFORE THE LAST DAY OF FEB...

THATS THE REPORT FROM THE VERY PEOPLE IN CONTROL...

WE CAN'T GET BETTER INFO FROM BETTER SOURCES. WE HAVE A VERY SHORT WAIT TO PRAY THERE IS NO FURTHER BREAKDOWN IN ACTIONS.  

TIME WILL TELL.

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TNT:

Xyz: IT'S DONE ... Iranian banks reconnected to global payments network http://ift.tt/20ZR5QZ "SWIFT has completed the on-boarding process for these banks and​ can confirm that they have now been reconnected to SWIFT,"

Xyz:  Iraq says it is open to oil output freeze, but Iran rejects effort http://ift.tt/20ZR5R0 ​-freeze-oil-output/2016/02/17/214079e8-d589-11e5-9823-02b905009f99_sto​ ry.html Russia and Saudi Arabia proposed freeze to address a glut of crude th​at’s driven down prices

SassyD:  hummm.... looks like preparations are being made AGAIN for something much like what took place for a week back in April 2015...... http://ift.tt/1QmD6JY

SassyD:  Fed sees more 'downside risks' to U.S. economy -- February 17, 2016 --​ Plunging global stock markets, rocky oil prices and major losses for​ U.S. stocks had Fed officials worried as early as January. "The ​risks to the forecast for real GDP growth were viewed as tilted a litt​le to the downside," according to minutes from the Fed's two-day ​meeting on January 27-28. http://ift.tt/20ZR5R2

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