KTFA:
Mountainman: Well.....After this Shake Up and Shake Down......Sadr says We aren't going Anywhere Until the Country gets What it Deserves.....HCL, LAWS, New Leaders and hey You Abadi.....Walk Straight or Else.....Got it.....And You Fred Flintstone...aka....Maliki.....We got A Special TREAT for You......IMO
BACKDOC: THE ORCHESTRA HAS BEGUN!
WITH WOODWINDS PLAYING THE CYMBALS ARE ABOUT TO CRASH! THE NOISE GETS LOUDER BY THE DAY WHILE THE MOONWALKING MALIKI IS ABOUT TO EXIT HIS PALACE STAGE TO FACE AN ANGRY CROWD OUTSIDE THE GREENZONE WAITING FOR HIS POTENTIAL DEMISE! DOC IMO
Thunderhawk Backdoc Alert
Iraq's Sadr begins sit-in inside Green Zone to push for reforms
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Mountainman: Well.....After this Shake Up and Shake Down......Sadr says We aren't going Anywhere Until the Country gets What it Deserves.....HCL, LAWS, New Leaders and hey You Abadi.....Walk Straight or Else.....Got it.....And You Fred Flintstone...aka....Maliki.....We got A Special TREAT for You......IMO
BACKDOC: THE ORCHESTRA HAS BEGUN!
WITH WOODWINDS PLAYING THE CYMBALS ARE ABOUT TO CRASH! THE NOISE GETS LOUDER BY THE DAY WHILE THE MOONWALKING MALIKI IS ABOUT TO EXIT HIS PALACE STAGE TO FACE AN ANGRY CROWD OUTSIDE THE GREENZONE WAITING FOR HIS POTENTIAL DEMISE! DOC IMO
Thunderhawk Backdoc Alert
Iraq's Sadr begins sit-in inside Green Zone to push for reforms
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Powerful Iraqi Shi'ite Muslim leader Moqtada al-Sadr entered Baghdad's Green Zone, the heavily-fortified center of the capital housing government buildings and embassies, on Sunday to keep up pressure on the government to enact reforms.
Thousands of Sadr's supporters began a sit-in at the district's gates more than a week ago and continued to camp out despite heavy rains earlier in the day, but Sadr took the protest forward by entering the zone itself.
"Beloved protesters, I will enter the Green Zone by myself and (my escorts) only. I sit in inside the Green Zone and you sit in at its gates. None of you move," he told them before walking past a security checkpoint near parliament and the upscale Rashid Hotel into the Green Zone.
Sadr is urging Prime Minister Haider al-Abadi to move ahead with a plan announced more than six weeks ago to replace current ministers with unaffiliated technocrats in a bid to tackle systemic political patronage that has abetted graft.
Television channels affiliated with Sadr's political party showed him greeting guards as he entered the district with armed guards, then sit down on a white plastic chair beside concrete barriers. He sipped on bottled water before sitting on the ground inside a green tent his aides had erected.
Protesters waving Iraqi flags outside expressed support for the move by Sadr, one of the country's most savvy political operators who commands the loyalty of millions of Iraqis and has at times appeared very close to neighboring Shi'ite power Iran.
One supporter held a sign reading: "No retreat, no blood, no surrender."
OPEN SIT-IN
It was not immediately clear how long Sadr, the 42-year-old who rose to prominence when his Mahdi Army battled U.S. troops following the 2003 invasion that toppled Saddam Hussein, planned to continue his personal demonstration.
Along with Grand Ayatollah Ali al-Sistani, Iraq's top Shi'ite cleric, Sadr has re-emerged as a leader in matters of state in recent months after a period of relative quietude.
Abadi, who has been slow to deliver reforms but pledged to reveal a cabinet reshuffle this week, has voiced concern that Shi'ite street protests could spin out of control and endanger Iraq's security when it needs to focus on fighting Islamic State.
Corruption and the U.S.-backed war against the ultra-hardline Sunni militants are depleting the government's finances as revenues are declining due to lower oil prices.
If Abadi fails to deliver long-promised anti-corruption measures, his government may be weakened just as Iraqi forces are gearing up to try and recapture the northern city of Mosul.
The Green Zone, originally set up to protect U.S. occupation forces from suicide bombings, has been kept in place by successor Iraqi authorities for security reasons.
Roads and bridges over the Tigris River leading to the district were closed on Sunday, shutting down movement in central Baghdad as night fell.
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Mountainman: Keep Your Eyes In the OIL Dept.....on the Saudis.......This Will be another Temperature Gauge to WATCH......NOTICE.....This Reality in the Oil Market has (FORCED) their Hand......A RECYCLE of CYCLES......Indeed.......
BACKDOC: ISN'T IT INTERESTING THAT THE IRANIAN BUDGET OF $40.00 OIL SEEMS TO BE THE NEW STANDARD OF VALUE ON OIL!
PRESSURE ON S.A. TO HEAD TOWARD A MORE PRIVATIZED ECONOMY IS ON THE WAY JUST LIKE VIETNAM AND CUBA!
THEY CAN'T DIVERSIFY THEIR ECONOMY WITHOUT OZ'S HELP AND OZ NEED TO SEE THOSE THINGS CHANGE, ALONG WITH HUMAN RIGHTS! DOC IMO
Thunderhawk: Backdoc Alert
How $40 Oil Is Driving Social Change in Saudi Arabia
Yes, women in Saudi Arabia know how to drive. They can vote, at least in local elections. And every Saudi citizen, men and women, may be about to see the end of generous, oil-driven subsidies that explain a lack of income taxes and utility costs so low as to be practically free. Change is coming to the House of Saud -- and it's accelerating as the most destructive crash in oil prices in a generation forces the Kingdom's rulers to reset the economy.
http://ift.tt/1RKta3V
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BACKDOC: TOMORROW (Monday) I WILL SHARE SOME FORWAD THINK THOUGHTS ON BLACK GOLD THE UNIVERSAL CURRENCY AND HOW I THINK IT WILL REPLACE THE DOLLAR AS THE WORLDS RESERVE CURRENCY IN A WAY!
A LOT OF PIECES TO THE PUZZLE ARE COMING TOGETHER AND I JUST MIGHT BE ON TO SOMETHING IMPORTANT. I'VE BEEN WORKING ON THIS FOR A FEW WEEKS NOW! LATER ON THIS ONE!
DOC IMO
Thunderhawk: Backdoc Alert
Oil Recovery Hits Saudi Devaluation Bet
Oil’s rebound to about $40 a barrel means some investors are nursing losses after betting that Saudi Arabia would abandon its three-decade-old currency peg.
Contracts used to speculate on the kingdom’s exchange rate in the next 12 months have fallen to about the lowest since November. A $1 million wager on the contracts at their peak in January would have lost 68,900 riyals ($18,370), or about 1.8 percent, according to Bloomberg calculations. Several U.S.-based hedge funds were said in February to be among investors that have bet Saudi Arabia would devalue the riyal.
The decreased speculation that Gulf nations will abandon their dollar pegs underscores how crude prices have recovered this year. Oil, Saudi Arabia’s main source of revenue, is headed for a second straight monthly gain. The Saudi riyal has been trading at a rate of 3.75 per dollar since 1986, and the kingdom has taken steps to make speculating against the currency harder.
“We have argued that those positioning for a devaluation were going to be disappointed,” said Simon Williams, the London-based chief economist for central and eastern Europe, the Middle East and North Africa at HSBC Holdings Plc. “The pegs have been in place for 30 years in times of high oil prices and low oil prices. I have no sense” that recent losses in crude are “going to change policy makers’ minds or force their hand,” he said.
Gulf Peers
The percentage loss on the riyal forwards may actually be greater than 1.8 percent because derivatives trades tend to be leveraged, meaning that more is at stake than is actually wagered. Still, the cost of a bet on any devaluation is small relative to the windfall investors would stand to receive should it happen.
Twelve-month currency forward agreements have declined for other members of the Gulf Cooperation Council. Contracts for the United Arab Emirates’ dirham have dropped 65 percent since hitting a seven-year high in January, while those for the Omani rial have almost halved from a recent peak. Bahraini dinar and Qatari riyal forwards have also tumbled.
Saudi Arabia has dipped into its reserves and sold debt as oil revenue dropped. Foreign-currency holdings have tumbled every month but one since August 2014 to less than $600 billion in January, from about $737 billion.
The reserves of GCC members provide ample room to maintain pegged exchange rates for several years, even in an adverse scenario for oil prices, Moody’s Investors Service senior analyst Mathias Angonin said in Dubai last week. Changes to the current exchange-rate systems are unlikely because the costs associated with one-off devaluations would outweigh the benefits, he said
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The Federal Reserve has also relieved the pressure on Gulf currencies’ dollar pegs.
The U.S. central bank held off from raising interest rates this month and lowered forecasts for how much they’ll rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the economy. That’s helped drive the dollar the lower, buoying commodity prices.
“When you have a scenario where the Fed has scaled back the pace of their tightening, a lot of the reasons for getting off the peg have gone,” Kiran Kowshik, a currency strategist at UniCredit Bank AG in London, said by phone. “If you had the Fed very hawkish and starting a succession of hikes, that would be a different story.”
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Mountainman : Well......He better have faith in said Policy and Economic Deals made.....but hey.....Keeping Your EYE on the Other side.....Reminds Me of Pres.Reagan....."Trust but Verify"......Ok,Ok.....However he says We won't STOP our Defense....****NOTE**** (STRATEGY).........Got it......Just Do What You say Your going to do and ALL BUSINESS Partners will be Happy.....W/One EYE OPEN.....On BOTH Sides that is.....LOL
BACKDOC: HEARING OF DEALS FROM JUST ABOUT EVERYWHERE WITH IRAN, THEY ARE ABOUT TO LAUNCH THEIR DIVERSIFIED ECONOMY WITH A POWERFUL NEW CURRENCY! REMEMBER COMPATIBILITY! TRADING PARTNERS JUST LIKE KUWAIT! DOC IMO
Thunderhawk: President Rouhani backs resistance economy, N-deal gains
President Hassan Rouhani put his support behind the resistance economy policies saying that additional time is needed to enjoy outcomes of the nuclear deal in attraction of capital, technology transfer, and economic interactions.
Speaking at the first cabinet session in the new Iranian year (started March 20), he said that following the measures taken in previous years, ground is better prepared for achieving the results.
He hailed the nuclear agreement as a significant and enduring phenomenon in the history of Iran and world and added, 'Government is seriously monitoring implementation of the deal and the commitments of the opposite party.'
President Rouhani welcomed naming the current year by the Supreme Leader after resistance economy and said, 'This also shows that in the eyes of the Leader, the main issue is economy too. We deeply have faith in this policy.'
He also categorically defended the measures taken to secure the country's defense might and said, 'We will pursue any move required for strengthening the country's defense capacity. This is our strategic policy. We have to be vigilant not to give any pretext to the enemies though.'
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BACKDOC: AS OIL SALES CONTINUE TO GROW THEIR ECONOMY IS ABOUT TO SCORE BIG WITH A NEW FOUND PURCHASING POWER SOON! DOC IMO
Mountainman: YES ......We Know the V.P. has Already said that they are Serious about "RUNNING the STAIRS of INFLATION DOWN"......So W/IRAQ Coming to their PRIMETIME REALITY......It's NOT Surprising that Their Twin Bro/IRAN is Non STOP to the ENDING....IMO
Thunderhawk: Inflation rate continues to drop
The Central Bank of Iran (CBI) on Sunday put Iran's inflation rate in the 12 months ending on February 20 at 11.9%.
According to statistics released earlier by CBI, Iran's inflation rate in the 12 months ending in the month of Bahman (January 21) stood at 12.6%.
Improving economy and cutting inflation rate were among the main goals of President Hassan Rouhani since he took office in August 2003.
With a nuclear deal now in place and the subsequent lifting of Western sanctions on Tehran, the ground is now prepared for the government to live up to its promises.
http://ift.tt/1ogQqZl
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BACKDOC: JUST AFTER GETTING A LITTLE BREATHER THE KINGDOM WILL BECOME UNDER PRESSURE AGAIN WITH THEIR CURRENCY TO DEVALUE AS THE DOLLAR TAKES OFF AGAIN AFTER A SHORT BREAK!
THIS PRESSURE WE BE ENORMOUS STAYING PEGGED TO THE DOLLAR WHILE THE TWO SHIA BROTHERS WILL ENJOY A HIGH CURRENCY VALUE WITH STRONG PURCHASING POWER ALONG WITH KUWAIT!
AS THE DOLLAR CONTINUES TO BE STRENGTHENED BY THE ECB QE AND NOW JAPANS NEW ROUND OF STIMULUS, THE PRESSURE IS MOUNTING! IF S.A. IS SO COMMITTED TO STAYING PEGGED TO THE DOLLAR WHY HAVE THEY PROTECTED THEIR NOTE COUNT BY HALTING THEIR CURRENCY? MMMMM
WHY NOT JUST DEVALUE AND INCREASE THE NOTE COUNT? MMMMM
MAYBE THEY NEED THE NOTE COUNT TO STAY LOW FOR A REASON! HEE HEE
DOC IMO
Thunderhawk: Saudi Stocks Lead Mideast Declines as Easter Weighs on Trading
Saudi stocks led Middle Eastern markets lower as oil languished near $40 a barrel and the Easter weekend holiday in Europe sapped volumes. Equities in Dubai extended the longest losing streak in more than two months.
The Tadawul All Share Index sank for a fourth day, losing 1.5 percent to 6,256.68 at the close in Riyadh. About 4.8 billion riyals ($1.3 billion) of shares traded, or 17 percent less than the market’s daily average over the past year. Jabal Omar Development Co.’s 9.3 percent plunge was the biggest contributor to declines. The DFM General Index lost 1.2 percent on less than half the average daily turnover value over the past year. The Bloomberg GCC 200 Index, which tracks the biggest companies in the six-nation Gulf Cooperation Council, slid 1.2 percent.
Once again, a major public holiday in Europe and the U.S. has depleted GCC volumes, so today is irrelevant to an extent,” said Akber Khan, who manages $850 million as senior director of asset management at Al Rayan Investment in Doha. “There are worries of some technical exhaustion given the strong market rally in recent weeks, and softer oil last week isn’t helping either.”
With about half of the GCC’s population made up of expatriates, many of whom celebrate Christian holidays, and most school terms ending around the third week of March, trading volumes typically drop on Easter Sunday. That has compounded pressure on regional stocks as some traders seek to lock in profits following a recent surge in prices. Gulf countries, home to about 30 percent of the world’s crude, rely on income from energy to fund spending. Brent crude posted its first weekly decline in five.
Gulf Drops
Abu Dhabi’s ADX General Index lost 0.8 percent. Qatar’s QE Index and Kuwait’s SE Price Index declined 0.6 percent and 0.5 percent, respectively. The Bahrain Bourse All Share Index slid 0.1 percent, while Oman’s MSM30 Index rose 0.1 percent. Israel’s TA-25 Index retreated for a second day, losing 0.7 percent.
Egypt’s EGX 30 Index lost 0.9 percent, the most in six weeks. North Africa’s biggest economy, suffering from a dollar shortage, has attracted $500 million of portfolio investments since weakening its currency this month, central bank Governor Tarek Amer said in a televised interview on Saturday. The nation may lure as much as $20 billion of foreign cash by year-end as it pushes ahead with economic reforms, he said.
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Mountainman: Hmmm.......Wonder What Kind of DEALS....are the "EXCHANGE" INSTRUMENT for these (FUEL TANKERS).....???.....Hey...What are Brothers For Anyway.......imo
Thunderhawk: Iran's Parviz Khan border re-opens to Iraqi fuel tankers
Qasr-e Shirin, Kermanshan prov, Following more than ten days of lull, Iraqi fuel tankers resumed entrance to Iran through Parviz Khan border checkpoint in west of the country on Saturday, an official said.
'In order not to disturb the Norouz travelers and tourists, a temporary ban was placed on the transit fuel tankers March 16-25,' said Morad-Ali Tatar who is in charge of the Governor's Office in the city of Qasr-e Shirin in the western province of Kermanshah.
'On average, 500 fuel tankers from the Iraqi Kurdistan use the Parviz Khan checkpoint to enter Iran to deliver theri cargo to the Iranian southern ports,' Tatar said.
'They use the same route and use the checkpoint to return to the Iraqi region,' he said.
According to the official, a ban will be placed again on the commuting tankers at the end of the Norouz holiday from March 31 to the midnight of April 2.
'The decision is based on the restrictions set by Iran's traffic police and regulations imposed by the Border Terminals and Transit Bureau,' he added.
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Thunderhawk: Iran's Parviz Khan border re-opens to Iraqi fuel tankers
Qasr-e Shirin, Kermanshan prov, Following more than ten days of lull, Iraqi fuel tankers resumed entrance to Iran through Parviz Khan border checkpoint in west of the country on Saturday, an official said.
'In order not to disturb the Norouz travelers and tourists, a temporary ban was placed on the transit fuel tankers March 16-25,' said Morad-Ali Tatar who is in charge of the Governor's Office in the city of Qasr-e Shirin in the western province of Kermanshah.
'On average, 500 fuel tankers from the Iraqi Kurdistan use the Parviz Khan checkpoint to enter Iran to deliver theri cargo to the Iranian southern ports,' Tatar said.
'They use the same route and use the checkpoint to return to the Iraqi region,' he said.
According to the official, a ban will be placed again on the commuting tankers at the end of the Norouz holiday from March 31 to the midnight of April 2.
'The decision is based on the restrictions set by Iran's traffic police and regulations imposed by the Border Terminals and Transit Bureau,' he added.
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