WSOMN:
Catalina: Intel is dark right now...I was hoping for the window 4pm-8pm EST Not sure if we have to wait for banks to close in Hawaii.
Catalina: Camdoc, do you believe the IMF has taken control of the UST as its has been reported.
Camdoc: Catallina not sure, but I do know that the IMF has been a major player in blocking the release of the funds.
I had a friend who was working with the elders, and he had a book of accounts with 50 accounts per page, about 50 pages long, and the majority of the accounts--all over the world--had $3 billion in them.
The Cabal would not allow them access to any of those funds. That is why things have not been funded until now.
....
Catalina: Intel is dark right now...I was hoping for the window 4pm-8pm EST Not sure if we have to wait for banks to close in Hawaii.
Catalina: Camdoc, do you believe the IMF has taken control of the UST as its has been reported.
Camdoc: Catallina not sure, but I do know that the IMF has been a major player in blocking the release of the funds.
I had a friend who was working with the elders, and he had a book of accounts with 50 accounts per page, about 50 pages long, and the majority of the accounts--all over the world--had $3 billion in them.
The Cabal would not allow them access to any of those funds. That is why things have not been funded until now.
....
Camdoc: We think of currency as "fiat", backed by nothing. But according to the original 1944 agreement, those collateral accounts were to be used to back all the world's currencies. Each country was to send in 4% of the money they created each year, send it to the funds. And the funds were to be used for humanitarian projects.. The vaults contain pallets of 500 euro notes, and USD. And no one is allowed to use them!
That is why Zap and others get no support--Elders are sworn not o take the funds out for anything other than projects. The Cabal stopped that early on, so tthe humanitarian projects are not being done, though there is plenty of wealth to do that. THey have been working for 60 years to release their funds to help the people.
Catalina: Camdoc: I have seen photos of the Reagan dollars….They were printed for emergency replacement in case of a catastrophe. they are in the Philippines.
SiliconValleyGary: Catallina and Camdoc, that is not all that is in the Philippines, huge underground caverns of hidden gold and other treasures are there as well!
************
TANK : I RECEIVED THIS JUST NOW AS A REMINDER AND CONFIDENCE BUILDER: THE BONDS AND THE GCR ARE CONNECTED TO PREVENT "DOUBLE DIPPING" (LOADING UP ON CURRENCY AFTER YOU CASH OUT ON BONDS OR VICE VERSA) AND BONDS HAVE BEEN RELEASED AND ARE TRADING.
OKAY, BONDS ARE MOVING, DIRECTLY CONNECTED TO GCR. YOSEFF SAID LAST NIGHT THAT THIS WOULD HAPPEN TODAY. I CAN'T BE SPECIFIC, BUT I'VE RECEIVED SEVERAL CONFIRMATIONS, FROM SEVERAL SOURCES THAT HIS REPORT IS ACCURATE. GET YOUR SUIT IRONED, AND YOUR CURRENCY COUNTED, I DO BELIEVE WE ARE ABOUT TO GO LIVE
RicOShea :KEEP IN MIND WE HAVE NO IDEA WHAT WILL HAPPEN AT ANY POINT IN TIME AS OF YET. THE ONLY THING WE WILL BE ABLE TO RELY ON IS WHEN WE SEE THE 800 #S, WE WILL KNOW AND I MEAN KNOW.
Tank : CATALINA SAID THE THE WINDOW HE [Yosef] HAD BEEN GIVEN STARTED AT 4PM EST, WHICH IS IN LINE WITH WHAT I'M HEARING
Wiz : Tank- are you saying you believe Abadi made an announcment yesterday?
Tank : I believe that Beamer posted yesterday that he gave his announcement, and I have other sources who have confirmed that
********************************
TNT:
Melaza: Jubouri calls for the central bank to start economic reform
BAGHDAD - morning, Parliament Speaker Salim al-Jubouri discussed with the secretary general of the Badr Organization and the MP Hadi al-Amiri ministerial reforms and change, while the central bank called on to lay the foundations and vision required to start the process of economic reform.
According to statements the media to his office «morning» received a copy of them, the al-Jubouri reviewed with Ameri «the overall political developments, particularly in relation to the position of the awaited ministerial change of government reforms», adding that «the two sides discussed the security situation and the victories achieved by the security forces to more than axis, in addition to the situation in a number of provinces. »
During a separate meeting with the Governor of the Central Bank on the Keywords, the two sides discussed the «overall economic conditions and mechanisms and future plans to upgrade the banking business in Iraq».
He said al-Jubouri said «to find solutions to the current economic crisis would accelerate in finding solutions to the problems and political and security obstacles, which requires laying the foundations and vision required to start the process of economic reform». He said the President of the House of Representatives, according to the statement, said that «the face of economic challenge no less important than the challenge of terrorism, which calls for urgent solutions and actions in the forefront of support for the banking sector to play its part required at the current stage».
http://ift.tt/1pmQPdK
That is why Zap and others get no support--Elders are sworn not o take the funds out for anything other than projects. The Cabal stopped that early on, so tthe humanitarian projects are not being done, though there is plenty of wealth to do that. THey have been working for 60 years to release their funds to help the people.
Catalina: Camdoc: I have seen photos of the Reagan dollars….They were printed for emergency replacement in case of a catastrophe. they are in the Philippines.
SiliconValleyGary: Catallina and Camdoc, that is not all that is in the Philippines, huge underground caverns of hidden gold and other treasures are there as well!
************
TANK : I RECEIVED THIS JUST NOW AS A REMINDER AND CONFIDENCE BUILDER: THE BONDS AND THE GCR ARE CONNECTED TO PREVENT "DOUBLE DIPPING" (LOADING UP ON CURRENCY AFTER YOU CASH OUT ON BONDS OR VICE VERSA) AND BONDS HAVE BEEN RELEASED AND ARE TRADING.
OKAY, BONDS ARE MOVING, DIRECTLY CONNECTED TO GCR. YOSEFF SAID LAST NIGHT THAT THIS WOULD HAPPEN TODAY. I CAN'T BE SPECIFIC, BUT I'VE RECEIVED SEVERAL CONFIRMATIONS, FROM SEVERAL SOURCES THAT HIS REPORT IS ACCURATE. GET YOUR SUIT IRONED, AND YOUR CURRENCY COUNTED, I DO BELIEVE WE ARE ABOUT TO GO LIVE
RicOShea :KEEP IN MIND WE HAVE NO IDEA WHAT WILL HAPPEN AT ANY POINT IN TIME AS OF YET. THE ONLY THING WE WILL BE ABLE TO RELY ON IS WHEN WE SEE THE 800 #S, WE WILL KNOW AND I MEAN KNOW.
Tank : CATALINA SAID THE THE WINDOW HE [Yosef] HAD BEEN GIVEN STARTED AT 4PM EST, WHICH IS IN LINE WITH WHAT I'M HEARING
Wiz : Tank- are you saying you believe Abadi made an announcment yesterday?
Tank : I believe that Beamer posted yesterday that he gave his announcement, and I have other sources who have confirmed that
********************************
TNT:
Melaza: Jubouri calls for the central bank to start economic reform
BAGHDAD - morning, Parliament Speaker Salim al-Jubouri discussed with the secretary general of the Badr Organization and the MP Hadi al-Amiri ministerial reforms and change, while the central bank called on to lay the foundations and vision required to start the process of economic reform.
According to statements the media to his office «morning» received a copy of them, the al-Jubouri reviewed with Ameri «the overall political developments, particularly in relation to the position of the awaited ministerial change of government reforms», adding that «the two sides discussed the security situation and the victories achieved by the security forces to more than axis, in addition to the situation in a number of provinces. »
During a separate meeting with the Governor of the Central Bank on the Keywords, the two sides discussed the «overall economic conditions and mechanisms and future plans to upgrade the banking business in Iraq».
He said al-Jubouri said «to find solutions to the current economic crisis would accelerate in finding solutions to the problems and political and security obstacles, which requires laying the foundations and vision required to start the process of economic reform». He said the President of the House of Representatives, according to the statement, said that «the face of economic challenge no less important than the challenge of terrorism, which calls for urgent solutions and actions in the forefront of support for the banking sector to play its part required at the current stage».
http://ift.tt/1pmQPdK
KTFA:
Walkingstick: IRAN.................
Tuesday, March 15, 2016 - 02:00
CBI’s Outlook for Next Fiscal Year
When President Hassan Rouhani took office in 2013, he promised to put the economy back on track and had no choice but to tackle a hyperinflation, a severe recession and international sanctions that had disconnected Iran’s economy from much of the outside world.
The president tasked the economic members of his Cabinet with finding solutions to two pressing issues: inflation and recession.
The Central Bank of Iran, as the regulator of monetary and financial market, played a key role here. Its governor, Valiollah Seif, was put in charge of curbing inflation and at the same time lifting the economy out of recession.
In an opinion piece in Financial Tribune’s sister publication, Tejarat-e Farda, CBI governor outlined his bank’s policies during the past two and a half years defending his turf and the government’s economic policies.
In his article, published in the magazine’s special edition for the Iranian New Year (beginning March 20), Seif starts by saying that the government’s primary mission has been to bring the policies of the major economic policymaking bodies into harmony while strictly following “monetary and financial discipline”—something that the previous government is often criticized for ignoring it.
“Decreasing international tensions through negotiations and the ultimate lifting of sanctions was another key measure by the government. It injected renewed hope into businesses while instilling calm and stability in domestic markets,” he said.
The bank’s top policymaker singles out taming inflation, bringing stability to the forex market and lowering interest rates as the three major highlights of CBI’s plans.
“The CBI considered curbing inflation as its most important priority while trying to boost economic growth,” he said.
“Controlling liquidity growth and trying to correct liquidity’s composition were CBI’s two key measures in trying to curb hyperinflation. We also tried to bring stability to the forex market, which is vital for shaping people’s inflationary expectations.”
According to the CBI governor, the bank succeeded in lowering the 40% plus inflation in October 2013 to 12.6% in February 2016, which is a milestone in the government’s goal of lowering inflation to “a single-digit”.
Interest Rates
Seif states that his bank is against setting interest rates by decree, stressing that deposit and lending rates should be decided in the money market and “in line with macroeconomic realities”.
The senior official points to the direct correlation between the inflation rate and interest rates, saying the considerable decline in inflation necessitated the gradual and calculated lowering of interest rates. He lists a number of measures his bank undertook to prepare the ground for lowering interest rates.
“CBI took on the lenders’ debts, held meetings with indebted bank officials and decreased banks’ capital adequacy ratios. It also entered the inter-bank market actively to help ease the banks’ credit crunch. As a result, lending rate in the inter-bank market was lowered to 19% from the previous 29%,” he said.
He states that these measures cleared the way for the two rate cuts the Money and Credit Council—a decision-making body—authorized during the calendar year. He believes, however, that further rate cuts will be gradually undertaken in the coming year.
Stimulating Growth
Seif states that the government and his bank have always prioritized stimulating economic growth while trying to curb inflation. He points to the “sharp decline in oil prices” as a factor behind slowing growth.
The Economic Incentive Package released by his bank in October 2015 was “the government’s short-term solution for stimulating demand and growth in the period before the lifting of international sanctions”, he added.
“Lowering banks and credit institutions’ capital adequacy ratio to 10% from 13%, providing auto loans, granting loans to production units, issuing credit cards for buying domestically manufactured goods and investing in the interbank market were the components of the stimulus package,” he said, terming the package “successful and well-timed”.
Forex Market
The CBI has been closely monitoring the foreign exchange market and took a number of measures to bring stability to this market while trying to prepare the ground for unifying forex rates in the next calendar year.
Seif points to “controlling volatility in the forex market through the interbank market and authorizing bureaux de change and gradually increasing the official forex rates” as measures to stabilize hard currencies’ market and set the stage for a unified system of forex rates.
The top banker, however, states that a number of other prerequisites are needed for CBI to unify forex rates. He lists “unfreezing of the country’s foreign currency resources/assets, establishing comprehensive correspondent banking relations with international partners and the possibility of receiving short-, mid- or long-term credit from international partners” as prerequisites for unifying forex rates.
Iran’s foreign assets amounting to $32.6 billion were freed in early February.
Seif had said that CBI’s share is $28 billion while $4.5 billion will go to the government.
Uncertified Lenders
Settling the issue of the unofficial money market and quasi-lenders in this market has been another priority of the CBI, according to the article.
Seif states that his bank has been successful in countering the activities of these uncertified institutions in the current year.
“CBI will intensify measures to settle the issue of unauthorized lenders in the coming year,” he said.
He points to CBI’s measures regarding the insolvent Mizan and Samen-al-Hujaj institutions, taken over by Bank Saderat and Bank Parsian respectively, saying the two banks have reimbursed the depositors for the major part of their savings.
Next Year’s Priorities
According to Seif, CBI will continue its policy of curbing inflation and enforcing its disciplinary policies in the new year.
“Unifying forex rates to restore stability to the market and supporting non-oil exports” are among CBI’s future priorities.
Improving efficiency and transparency in the money market and striking structural reforms in the banking system are the other top goals of the regulating body. “Reforming the CBI’s structure, assessing the banking system’s health and improving financial supervision in banks” have been and are among the CBI’s measures to reform the banking system.
“Increasing the banks’ capital and resources, establishing asset management companies, heightening CBI’s supervision in the money market, settling the issue of uncertified lenders, reforming banking and monetary laws, upgrading banking laws” are among CBI’s plans for reforming the banking system next year and beyond, the CBI governor said.
Short Url : http://ift.tt/1pmQMyz
Walkingstick: IRAN.................
Tuesday, March 15, 2016 - 02:00
CBI’s Outlook for Next Fiscal Year
When President Hassan Rouhani took office in 2013, he promised to put the economy back on track and had no choice but to tackle a hyperinflation, a severe recession and international sanctions that had disconnected Iran’s economy from much of the outside world.
The president tasked the economic members of his Cabinet with finding solutions to two pressing issues: inflation and recession.
The Central Bank of Iran, as the regulator of monetary and financial market, played a key role here. Its governor, Valiollah Seif, was put in charge of curbing inflation and at the same time lifting the economy out of recession.
In an opinion piece in Financial Tribune’s sister publication, Tejarat-e Farda, CBI governor outlined his bank’s policies during the past two and a half years defending his turf and the government’s economic policies.
In his article, published in the magazine’s special edition for the Iranian New Year (beginning March 20), Seif starts by saying that the government’s primary mission has been to bring the policies of the major economic policymaking bodies into harmony while strictly following “monetary and financial discipline”—something that the previous government is often criticized for ignoring it.
“Decreasing international tensions through negotiations and the ultimate lifting of sanctions was another key measure by the government. It injected renewed hope into businesses while instilling calm and stability in domestic markets,” he said.
The bank’s top policymaker singles out taming inflation, bringing stability to the forex market and lowering interest rates as the three major highlights of CBI’s plans.
“The CBI considered curbing inflation as its most important priority while trying to boost economic growth,” he said.
“Controlling liquidity growth and trying to correct liquidity’s composition were CBI’s two key measures in trying to curb hyperinflation. We also tried to bring stability to the forex market, which is vital for shaping people’s inflationary expectations.”
According to the CBI governor, the bank succeeded in lowering the 40% plus inflation in October 2013 to 12.6% in February 2016, which is a milestone in the government’s goal of lowering inflation to “a single-digit”.
Interest Rates
Seif states that his bank is against setting interest rates by decree, stressing that deposit and lending rates should be decided in the money market and “in line with macroeconomic realities”.
The senior official points to the direct correlation between the inflation rate and interest rates, saying the considerable decline in inflation necessitated the gradual and calculated lowering of interest rates. He lists a number of measures his bank undertook to prepare the ground for lowering interest rates.
“CBI took on the lenders’ debts, held meetings with indebted bank officials and decreased banks’ capital adequacy ratios. It also entered the inter-bank market actively to help ease the banks’ credit crunch. As a result, lending rate in the inter-bank market was lowered to 19% from the previous 29%,” he said.
He states that these measures cleared the way for the two rate cuts the Money and Credit Council—a decision-making body—authorized during the calendar year. He believes, however, that further rate cuts will be gradually undertaken in the coming year.
Stimulating Growth
Seif states that the government and his bank have always prioritized stimulating economic growth while trying to curb inflation. He points to the “sharp decline in oil prices” as a factor behind slowing growth.
The Economic Incentive Package released by his bank in October 2015 was “the government’s short-term solution for stimulating demand and growth in the period before the lifting of international sanctions”, he added.
“Lowering banks and credit institutions’ capital adequacy ratio to 10% from 13%, providing auto loans, granting loans to production units, issuing credit cards for buying domestically manufactured goods and investing in the interbank market were the components of the stimulus package,” he said, terming the package “successful and well-timed”.
Forex Market
The CBI has been closely monitoring the foreign exchange market and took a number of measures to bring stability to this market while trying to prepare the ground for unifying forex rates in the next calendar year.
Seif points to “controlling volatility in the forex market through the interbank market and authorizing bureaux de change and gradually increasing the official forex rates” as measures to stabilize hard currencies’ market and set the stage for a unified system of forex rates.
The top banker, however, states that a number of other prerequisites are needed for CBI to unify forex rates. He lists “unfreezing of the country’s foreign currency resources/assets, establishing comprehensive correspondent banking relations with international partners and the possibility of receiving short-, mid- or long-term credit from international partners” as prerequisites for unifying forex rates.
Iran’s foreign assets amounting to $32.6 billion were freed in early February.
Seif had said that CBI’s share is $28 billion while $4.5 billion will go to the government.
Uncertified Lenders
Settling the issue of the unofficial money market and quasi-lenders in this market has been another priority of the CBI, according to the article.
Seif states that his bank has been successful in countering the activities of these uncertified institutions in the current year.
“CBI will intensify measures to settle the issue of unauthorized lenders in the coming year,” he said.
He points to CBI’s measures regarding the insolvent Mizan and Samen-al-Hujaj institutions, taken over by Bank Saderat and Bank Parsian respectively, saying the two banks have reimbursed the depositors for the major part of their savings.
Next Year’s Priorities
According to Seif, CBI will continue its policy of curbing inflation and enforcing its disciplinary policies in the new year.
“Unifying forex rates to restore stability to the market and supporting non-oil exports” are among CBI’s future priorities.
Improving efficiency and transparency in the money market and striking structural reforms in the banking system are the other top goals of the regulating body. “Reforming the CBI’s structure, assessing the banking system’s health and improving financial supervision in banks” have been and are among the CBI’s measures to reform the banking system.
“Increasing the banks’ capital and resources, establishing asset management companies, heightening CBI’s supervision in the money market, settling the issue of uncertified lenders, reforming banking and monetary laws, upgrading banking laws” are among CBI’s plans for reforming the banking system next year and beyond, the CBI governor said.
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