Don't WAIT!

Tuesday, May 3, 2016

News, Rumors, and Opinions Tuesday Morning 5-3-16

KTFA:

Islandg1211:  Bacdoc, IMO Iran's inflation rate is still too high to RV at this time. They may need another six months to get their inflation under control and be ready when China joins the SDR basket. Any thoughts?

BACKDOC:  THAT PROBLEM WILL BE RESOLVED ONCE THEY LAUNCH!  NO PROBLEM ON THAT! 

DID YOU NOTICE THE SURPRISE JUMP ON THEIR RESERVES?  HEE HEE   THERE WILL BE MORE SURPRISES THAT AWAIT I ASSURE YOU! 

THEY NEEDED TO KEEP THE MASSES FROM JUMPING IN UNTIL THE CURRENCY VELOCITY OF THE UNIVERSAL CURRENCY WAS SETTLED!  OZ THREW A CURVE BALL ON THEM ENTERING THE PAYMENT SYSTEM
.
WHAT GOOD IS  IT TO BE RELEASED FROM SANCTIONS WHEN YOU CAN'T ACCESS THE PAYMENT SYSTEM? MMMM 

COULD THAT BE WHY TANKERS ARE JUST FLOATING AROUND AND CAN'T BE UNLOADED?  HEE HEE

THEY HAVE BEEN OUT NEGOTIATED BY OZ AND THEY KNOW IT,  SO THEIR CRYING TO THE U.N. IS FALLING ON DEAF EARS! HEE HEE   DOC    IMO
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KTFA Cont……..

Islandg1211:  Great CC Frank, thank you. 

I have some follow up questions, in your opinion:

How does killing Baghdadi going to effect ISIS?

Mosul?

Arresting Shahristani and Maliki?

Frank26:  Road for DRS.

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Frank Video 5-2-16

https://youtu.be/n1W50dMPB5w?t=1
BACKDOC: THE SILENCE SOUNDS SO RED FRANKIE!

CHATTY IRAN HAS GOTTEN SO QUIET! HEE HEE  DOC  IMO

Nadita:  your video still on code red.  I think the message is "still coming to the theatre near you

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KTFA Monday Night Conference Call

Approx. 171  minutes long

The first part is Business Promo and the second part is Dinar/Iraq Intel

PLAYBACK # : 641.715.3639     PIN: 156996#

http://ift.tt/1W596ux

Dinar Updates:

BGG   It's not all that bad...how easy did we think it would be getting rid of the corrupt politicians? 

I am a little suspicious Abadi needed something like this to force early elections. It plays right into his hand. Maliki's thrust to unseat him wasn't successful...now Abadi has some pretty broad support for REAL reforms...real reforms mean - REAL PROGRESS. 

Q: [Do you...think that all the chaos in Iraq will slowdown the reform?]  

BGG:  the chaos IS THE REFORM...without it - there is NO REFORM...we're sitting here watching it happen.

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WSOMN:

Ragincajun:  if you don't get excited after listening to frank's call, your wood is wet…. Frank is saying the currency will go to a one to one in the month of may

Evenstar:  Real good Backdoc post here as well....he is excited about tomorrow http://ift.tt/1W4E70V

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Zimber:  More global movement..... @zerohedge: Aussie Dollar Crashes Through Key Support After "Surprise" Rate Cut http://ift.tt/1W4E70X  http://m.twitter.com/zerohedge

@zerohedge: "Unexpected" Australian Rate Cut To Record Low Unleashes FX Havoc, Global "Risk Off" http://ift.tt/21tczCv  http://m.twitter.com/zerohedge

@zerohedge: "Banks are tightening lending on new lines of Energy credit, restructuring outstanding loans or requiring additional collateral" – Fed

@zerohedge: PBOC TO INJECT 100B YUAN WITH 7-DAY REVERSE REPOS: TRADER. Must not be enough liquidity in China http://m.twitter.com/zerohedge

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Emailed to Recaps:

"Unexpected" Australian Rate Cut To Record Low Unleashes FX Havoc, Global "Risk Off"
 
Submitted by Tyler Durden on 05/03/2016 06:39 -0400

Three months ago, when Australia unexpectedly revealed that its recent "stellar" job numbers had in fact been cooked we asked, rhetorically, why the sudden admission it was all a lie?

Simple: weakness in commodity prices "is far greater than people had been expecting,” the nation's top economist said. Australia is now "swimming against the tide" because of uncertainties in the global economy, he added. Which we translated as follows: "we need more easing, and to do that, the economy has to go from strong to crap." And with the Australian economy suddenly desperate for lower rates from the RBA, one can ignore the propaganda lies, and focus once again on the far uglier truth.

Overnight this was finally confirmed when in a surprise move, Australia’s central bank cut its benchmark interest rate for the first time in a year to a record low and left the door open for further easing to counter a wave of disinflation that’s swept over the developed world. The move sent the local currency tumbling and local stocks climbing.  Read more at:

http://ift.tt/1X6f25z


via Dinar Recaps - Our Blog http://ift.tt/1W4E4SR

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