KTFA:
BACKDOC: WHILE THE GREAT NEWS ON MOSUL IS WITHHELD, POLICY MAKERS ARE SHAKING IN THEIR BOOTS AS THEY FEAR A POTENTIAL BREXIT LOOMING ON THURSDAY!
REMEMBER CHRISTINE LEGARDE RECENTLY SAID THE IMF WAS ON ALERT BUT NOT AT ALARM STATUS? RIGHT! WELL, A BREXIT WILL SEND OFF THOSE ALERTS INTO ALARM STATUS!
WITH THE MOST POWERFUL CENTRAL BANKS IN THE WORLD ON STANDBY IS THERE ANY WONDER WHY TARIFFS GOT DELAYED TILL AFTER THIS VOTE AND WHY WE WAIT FOR THIS BEFORE THEY ARE ALLOWED TO TELL THE WORLD ABOUT MOSUL? MMMM
BACKDOC: WHILE THE GREAT NEWS ON MOSUL IS WITHHELD, POLICY MAKERS ARE SHAKING IN THEIR BOOTS AS THEY FEAR A POTENTIAL BREXIT LOOMING ON THURSDAY!
REMEMBER CHRISTINE LEGARDE RECENTLY SAID THE IMF WAS ON ALERT BUT NOT AT ALARM STATUS? RIGHT! WELL, A BREXIT WILL SEND OFF THOSE ALERTS INTO ALARM STATUS!
WITH THE MOST POWERFUL CENTRAL BANKS IN THE WORLD ON STANDBY IS THERE ANY WONDER WHY TARIFFS GOT DELAYED TILL AFTER THIS VOTE AND WHY WE WAIT FOR THIS BEFORE THEY ARE ALLOWED TO TELL THE WORLD ABOUT MOSUL? MMMM
AFTER TAKING A COUPLE DAYS OF R&R AT A REMOTE CABIN TO DO SOME FISHING WITH MY WIFE AND MANY OF MY FAMILY MEMBERS, THIS ARTICLE BRINGS NEW MEANING TO ME ABOUT "SETTING THE HOOK"!
THE UNPREDICTABLE FINANCIAL BITE WILL SOON HAPPEN AND IT WILL BE TIME TO SET THE HOOK AND LET THE FISH RUN ITS' COURSE!
IF YOU FORCE THE FISH TOO QUICKLY YOU LOSE CONTROL, BUT IF YOU PLAY IT OUT JUST RIGHT, YOU LAND A BIG ONE!
THE OLD REALITY IS ON LIFE SUPPORT AND IT IS TRYING TO CREATE A SOFT TRANSITION BY OCTOBER WHEN THE NEW REALITY BECOMES COMPLETE WITH CHINA'S FULL INTEGRATION INTO THE SDR BASKET!
RECENTLY WALKINGSTICK POSTED AN ARTICLE WHICH MANY COMPLETELY OVERLOOKED THAT STATED IRAN WAS TRANSITIONING IT'S FOREX VALUE TO ITS' NEW OR REALITY VALUE, OVER THE NEXT 4 MONTHS! AHHHH SLAP! WHEN IS THAT MCFLY?
OH GEEE I THINK AROUND OCTOBER! THAT'S RIGHT MCFLY! NOW GET BACK TO WORK! OK, SORRY!
NOW, LET'S JUST THINK ABOUT THIS. LONDON IS AND WILL BE THE LARGEST EXCHANGE CENTER FOR THE YUAN INTERNATIONALLY! MMMM
ONCE THE DOLLAR IS TRANSITIONED OUT OF BEING THE RESERVE CURRENCY AND BLACK GOLD REPLACES IT, HOW IMPORTANT DO YOU THINK TRADING THE YUAN WILL BE? THAT'S RIGHT - VERY IMPORTANT, ESPECIALLY IF SAUDI ARABIA'S OIL IS SETTLED IN YUAN! BINGO!
IS THIS A GOOD SETUP FOR BUSINESS WITHOUT THE EU AND EURO DRAGGING IT DOWN? MMMMM
OR IS THIS ABOUT DEMOCRACY?
PEOPLE WANT TO ELECT PEOPLE WHO MAKE THEIR LAWS RATHER THAN APPOINT PEOPLE WHO DON'T KNOW HOW THEY EVEN GOT APPOINTED TO THE EU?
INTERESTING THAT THE EU HAS A PARLIAMENT BUT DOESN'T FUNCTION LIKE A DEMOCRATIC ENTITY.
WHICH WAY THE VOTE GOES IS ANYBODY'S GUESS, BUT THOSE ARE TWO GOOD REASONS FOR THE ALARM BELLS TO RING STRONGLY AT THE IMF IF THE BREXIT DOES OCCUR, THAT'S FOR SURE!
REMEMBER I TOLD YOU WELL OVER A YEAR AGO I THOUGHT THE POUND WOULD BE UNDER PRESSURE OF SERIOUS DECLINE AND WELL, MMMMM.
ALL WILL BE DONE BY MID YEAR, WAS THAT THE PHRASE? WELL, THINGS ARE CERTAINLY GOING TO BE INTERESTING THIS WEEK!
IT WILL BE HISTORICAL NONETHELESS JUST WATCHING THIS PLAY OUT AFTER SEEING THIS POTENTIAL BEGIN TO TAKE SHAPE MANY, MANY, MONTHS AGO! 8@8, DOC IMO
************
Mountainman: CAUTION CAUTION CAUTION.........READ VERY CAREFULLY.......Take Your TIME......For w/in {ALL} said Here is The BOMBSHELLof (THEIR) TIMING and "WHAT" is Expected........
REMEMBER the G-7 Countries Met Last Month and CAUTIONED against A Competitive DEVALUATION CURRENCY CRISIS......Right.....???
Ok......NOW {ALL} Eyes are on this PRIZE......(Not) IRAQ, [What] does that Tell You.....???...... OK...... {ALL} CENTRAL BANKS are on Cue (WHY).....??? Because Jack Lew and the Rest of the G-7 Countries COORDINATED/PLANNED the Very FINAL DETAILS of How and When the DEVALUATION of Currencies "TRIGGER" Mechanism would be USED as the (TIMING) of said Plans.......
Thus, As this NEW REALITY Hits it's [SUMMER] the Block Buster THEATERS Globally it would be Patently OBVIOUS to {ALL} in "How" the 12/1 would FRAME the MINDSETS of the PLAYERS and the Intended RESULT for the MASSES......Makes Perfect SENSE Right.....???
The COMMUNICATION CENTRAL (TIMING) Piece is [The BREXIT]......Yes {T I M I N G} Means Things.....Are NOW Happening= Visible,Tangible.......thus EVERYONE Else as NOTED in this Article are on the GLOBAL STAGE "Ready On CUE"......This is So CLEARLY filled
w/{ALL} we have Been TEACHING the Family......It's "SELF EVIDENT" when READ.....
Look At the Highlighted WORDS of TIMING,ACTION, RED ALERT LANGUAGE Etc.......and as I said IRAQ will COME RIGHT ON TIME because of THIS EVENT called......."THE BREXIT" Coming JUNE 23,2016........RATED IGI=I GET IT.......To A THEATER NEAR YOU !!!!!!!! IMO
Blessings,Mountainman (8)=New Beginnings......for The REAL FIREWORKS of The NEW GLOBAL REALITY to Go OFF.......INDEED.....
Thunderhawk: Backdoc Alert
Beyond the Turmoil, Central Bankers Dread Brexit’s Long Shadow
Finally, a financial flare-up that the world’s central banks will have seen coming.
On Friday morning London time -- when the result of a U.K. referendum will show whether the nation has chosen to leave the European Union -- the Bank of Japan and the Swiss National Bank’s Singapore desk could already be selling yen and francs. They and their peers are also primed to pump liquidity into banks fearful of running dry and to push back against capital flight from sterling. It’s what comes later that monetary-policy makers are less ready for.
With the outcome of the British vote too close to judge, central bankers are reaching for measures honed during the last financial crisis to assuage investor nerves. Yet beyond calming words, potentially coordinated among Group of Seven economies, and a flash of action should the U.K. tip markets into panic, the institutions may have little left to offer if the turmoil morphs into long-term downturn.
“On the market shock, we know the drill already,” said Gilles Moec, chief European economist at Bank of America Merrill Lynch in London. “On the growth impact, this is where things get complicated. Monetary policy has been trying to shore up growth and it hasn’t been totally successful.”
G-7 Response
The warning signs are flashing. A gauge of bank borrowing costs last week hit the most extreme level since 2012, and the premium to swap foreign currencies into dollars reached the highest since late last year.
The immediate response to a so-called Brexit would likely be statements by the world’s major central banks of action or a readiness to act. G-7 nations might even coordinate an announcement, as they did after the Japan tsunami in 2011.
If so, they can cite the centerpiece of preparedness -- a six-way currency swap arrangement between the U.S. Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada, the BOJ and the SNB. Those lines, established during the financial crisis and made permanent in 2013, allow central banks to offer funds to lenders in each others’ currencies. That would be critical if the internationalized banking system finds itself in a global alarm.
If wider cooperation is needed, executives from the world’s 60 leading central banks are due to convene at the Bank for International Settlements’ annual meeting in Basel on June 25. Read more at:
http://ift.tt/1OxCjvG
THE UNPREDICTABLE FINANCIAL BITE WILL SOON HAPPEN AND IT WILL BE TIME TO SET THE HOOK AND LET THE FISH RUN ITS' COURSE!
IF YOU FORCE THE FISH TOO QUICKLY YOU LOSE CONTROL, BUT IF YOU PLAY IT OUT JUST RIGHT, YOU LAND A BIG ONE!
THE OLD REALITY IS ON LIFE SUPPORT AND IT IS TRYING TO CREATE A SOFT TRANSITION BY OCTOBER WHEN THE NEW REALITY BECOMES COMPLETE WITH CHINA'S FULL INTEGRATION INTO THE SDR BASKET!
RECENTLY WALKINGSTICK POSTED AN ARTICLE WHICH MANY COMPLETELY OVERLOOKED THAT STATED IRAN WAS TRANSITIONING IT'S FOREX VALUE TO ITS' NEW OR REALITY VALUE, OVER THE NEXT 4 MONTHS! AHHHH SLAP! WHEN IS THAT MCFLY?
OH GEEE I THINK AROUND OCTOBER! THAT'S RIGHT MCFLY! NOW GET BACK TO WORK! OK, SORRY!
NOW, LET'S JUST THINK ABOUT THIS. LONDON IS AND WILL BE THE LARGEST EXCHANGE CENTER FOR THE YUAN INTERNATIONALLY! MMMM
ONCE THE DOLLAR IS TRANSITIONED OUT OF BEING THE RESERVE CURRENCY AND BLACK GOLD REPLACES IT, HOW IMPORTANT DO YOU THINK TRADING THE YUAN WILL BE? THAT'S RIGHT - VERY IMPORTANT, ESPECIALLY IF SAUDI ARABIA'S OIL IS SETTLED IN YUAN! BINGO!
IS THIS A GOOD SETUP FOR BUSINESS WITHOUT THE EU AND EURO DRAGGING IT DOWN? MMMMM
OR IS THIS ABOUT DEMOCRACY?
PEOPLE WANT TO ELECT PEOPLE WHO MAKE THEIR LAWS RATHER THAN APPOINT PEOPLE WHO DON'T KNOW HOW THEY EVEN GOT APPOINTED TO THE EU?
INTERESTING THAT THE EU HAS A PARLIAMENT BUT DOESN'T FUNCTION LIKE A DEMOCRATIC ENTITY.
WHICH WAY THE VOTE GOES IS ANYBODY'S GUESS, BUT THOSE ARE TWO GOOD REASONS FOR THE ALARM BELLS TO RING STRONGLY AT THE IMF IF THE BREXIT DOES OCCUR, THAT'S FOR SURE!
REMEMBER I TOLD YOU WELL OVER A YEAR AGO I THOUGHT THE POUND WOULD BE UNDER PRESSURE OF SERIOUS DECLINE AND WELL, MMMMM.
ALL WILL BE DONE BY MID YEAR, WAS THAT THE PHRASE? WELL, THINGS ARE CERTAINLY GOING TO BE INTERESTING THIS WEEK!
IT WILL BE HISTORICAL NONETHELESS JUST WATCHING THIS PLAY OUT AFTER SEEING THIS POTENTIAL BEGIN TO TAKE SHAPE MANY, MANY, MONTHS AGO! 8@8, DOC IMO
************
Mountainman: CAUTION CAUTION CAUTION.........READ VERY CAREFULLY.......Take Your TIME......For w/in {ALL} said Here is The BOMBSHELLof (THEIR) TIMING and "WHAT" is Expected........
REMEMBER the G-7 Countries Met Last Month and CAUTIONED against A Competitive DEVALUATION CURRENCY CRISIS......Right.....???
Ok......NOW {ALL} Eyes are on this PRIZE......(Not) IRAQ, [What] does that Tell You.....???...... OK...... {ALL} CENTRAL BANKS are on Cue (WHY).....??? Because Jack Lew and the Rest of the G-7 Countries COORDINATED/PLANNED the Very FINAL DETAILS of How and When the DEVALUATION of Currencies "TRIGGER" Mechanism would be USED as the (TIMING) of said Plans.......
Thus, As this NEW REALITY Hits it's [SUMMER] the Block Buster THEATERS Globally it would be Patently OBVIOUS to {ALL} in "How" the 12/1 would FRAME the MINDSETS of the PLAYERS and the Intended RESULT for the MASSES......Makes Perfect SENSE Right.....???
The COMMUNICATION CENTRAL (TIMING) Piece is [The BREXIT]......Yes {T I M I N G} Means Things.....Are NOW Happening= Visible,Tangible.......thus EVERYONE Else as NOTED in this Article are on the GLOBAL STAGE "Ready On CUE"......This is So CLEARLY filled
w/{ALL} we have Been TEACHING the Family......It's "SELF EVIDENT" when READ.....
Look At the Highlighted WORDS of TIMING,ACTION, RED ALERT LANGUAGE Etc.......and as I said IRAQ will COME RIGHT ON TIME because of THIS EVENT called......."THE BREXIT" Coming JUNE 23,2016........RATED IGI=I GET IT.......To A THEATER NEAR YOU !!!!!!!! IMO
Blessings,Mountainman (8)=New Beginnings......for The REAL FIREWORKS of The NEW GLOBAL REALITY to Go OFF.......INDEED.....
Thunderhawk: Backdoc Alert
Beyond the Turmoil, Central Bankers Dread Brexit’s Long Shadow
Finally, a financial flare-up that the world’s central banks will have seen coming.
On Friday morning London time -- when the result of a U.K. referendum will show whether the nation has chosen to leave the European Union -- the Bank of Japan and the Swiss National Bank’s Singapore desk could already be selling yen and francs. They and their peers are also primed to pump liquidity into banks fearful of running dry and to push back against capital flight from sterling. It’s what comes later that monetary-policy makers are less ready for.
With the outcome of the British vote too close to judge, central bankers are reaching for measures honed during the last financial crisis to assuage investor nerves. Yet beyond calming words, potentially coordinated among Group of Seven economies, and a flash of action should the U.K. tip markets into panic, the institutions may have little left to offer if the turmoil morphs into long-term downturn.
“On the market shock, we know the drill already,” said Gilles Moec, chief European economist at Bank of America Merrill Lynch in London. “On the growth impact, this is where things get complicated. Monetary policy has been trying to shore up growth and it hasn’t been totally successful.”
G-7 Response
The warning signs are flashing. A gauge of bank borrowing costs last week hit the most extreme level since 2012, and the premium to swap foreign currencies into dollars reached the highest since late last year.
The immediate response to a so-called Brexit would likely be statements by the world’s major central banks of action or a readiness to act. G-7 nations might even coordinate an announcement, as they did after the Japan tsunami in 2011.
If so, they can cite the centerpiece of preparedness -- a six-way currency swap arrangement between the U.S. Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada, the BOJ and the SNB. Those lines, established during the financial crisis and made permanent in 2013, allow central banks to offer funds to lenders in each others’ currencies. That would be critical if the internationalized banking system finds itself in a global alarm.
If wider cooperation is needed, executives from the world’s 60 leading central banks are due to convene at the Bank for International Settlements’ annual meeting in Basel on June 25. Read more at:
http://ift.tt/1OxCjvG
Mountainman: his is A "FLASHING SIGN" for Us Family......WHY.....??? Because this Is [NOT] the PRIMARY WORLD RESERVE CURRENCY......and LOOK at How {ALL} are REACTING......the POUND Losing 30% and Up to 5-6% in their GDP......Yes It Will AFFECT {ALL} Involved IN COUNTRY and Out of COUNTRY.......
What do YOU think is Going to Happen, Not (IF), but WHEN the USD goes Into it's REPRICING/DEVALUATION Mode of TIMING....???
Yes As DOC has Called It "THE GREAT REPRICING" will be Underway by The BREXIT VOTE and The DOMINOES will FALL.....
Put On Your Big Boy and Girl Pants and Strap In.....for This BREXIT is (NOT) being taken Lightly and Neither should We, (WHEN)n the USD REPRICES and Loses It's VALUE as [IT] TRANSITIONS to It's NEW REALITY VALUE.......
Remember, some CURRENCIES will Go Up and Some will Go Down.......Which AFFECTS {ALL} People regardless of RACE, COLOR, INCOME, CULTURE, or BORDERS..
Yes this is (WHAT) EVERYONE is REALLY Waiting For.....However, it Will be A "CASCADE of FALLS" and A Rough Ride=Like a Horse Carriage on an Old Country WASHBOARD ROAD......Think On that ONE.....Hmmm
Blessings,Mountainman (8)=New Beginnings........for A ROUGH RIDE.........GLOBALLY
Thunderhawk: What would British business be like after Brexit?
A vote to quit the European Union would have many consequences for the UK, some more apparent than others. George Osborne argues that life after Brexit would be characterized by market turmoil and a shock to the government’s finances that will force ministers to impose even more austerity. Here we look at what business groups, analysts and economic forecasters have said will be the effect on the economic landscape should the UK vote to leave.
Sterling
According to one forecast, the pound will sink by up to 30 percent. Most forecasters have plumped for 18 percent to 20 percent, but Ian Harnett, the chief investment strategist at Absolute Strategy Research, who is a former chief European strategist at the investment bank UBS, believes the dangers of leaving the EU are even greater than many imagine. He said markets are complacent and that the 12 percent fall in the pound’s value against the dollar since last November is a mere taster for a bigger tumble. For businesses and consumers, that means the recent trend for fuel prices to tick higher will accelerate.
Foreign holidays will be more expensive. Britain’s reliance on imported food will also increase costs for food manufacturers and the consumer. The Remain camp, using a conservative 12 percent decline in sterling as their measure, calculate each household will be £220 a year worse off as the buying power of a weaker pound increases the cost of foreign goods.
Trade
The fall in sterling does have a benefit too, however — it will make exports cheaper. Few doubt that, short-term at least, Britain’s exporters will get a boost. But there could be barriers to trade in the form of higher tariffs — not immediately, but when Westminster and Brussels have negotiated an exit.
Most Brexit campaigners, including Michael Gove and Nigel Farage, have rejected clinging to the single market since it is clear that would mean accepting free movement of labor and unlimited immigration from the EU.
According to economist Patrick Minford, a member of the Economists for Brexit group, the best advice for the chancellor would be to cut import tariffs to nothing immediately after the vote. Minford said trade would quickly accelerate simply by relying on World Trade Organization rules.
At the moment, Brussels attaches high import tariffs to many foods, especially beef, coming from outside the EU. These would be abolished, allowing South American farmers to compete with domestic and Irish beef farmers and undercut them.
This ‘open markets’ policy without reciprocal agreements is too generous to the UK’s competitors, say Remain campaigners, and would wipe out the domestic businesses shielded by tariffs.
But Minford said it would let businesses spread their wings. He would offset damage to industries protected by high tariffs with some short-term subsidy and by scrapping regulations in areas such as working hours, gender equality and climate change.
Johnson and Gove have also argued that tariffs to access the EU’s single market would be low following negotiations because member states would not want to lose access to the UK, the world’s fifth-largest economy.
Setting aside the fact that the Minford formula throws away all the UK’s bargaining chips by unilaterally lowering tariffs to zero, US investment bank Morgan Stanley says the Leave camp would be likely to win an arm-wrestle with Brussels over trade, at least in relation to cars. In a report this year, it said: “Europe has as much, if not more, to lose than to gain from its access to the rich and large UK market, with over €30 billion in annual export sales, and potentially €3 billion-€4 billion in UK earnings.”
http://ift.tt/28JLec6
via Dinar Recaps - Our Blog http://www.dinarrecaps.com/our-blog/backdoc-thunderhawk-mountainman-monday-am-part-12241789
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