TennWolfMan: intel today is as quite as a cemetery
Crushr13: With China doing all that they are doing, and with the supposed announcement about Vietnam making a currency announcement in the next 48 hours (almost up now), and the 2 economies being so related by commerce, I wonder if the Vietnam announcement might be the trigger for all of this, with China at the indirect controls. Just a wild thought - just trying to put a few pieces together, somewhat intelligently.
OKRocks: crusher they are certainly connected but its when they really show it not when they say they will.... you know... lol
LAdyB22: Bruce said hopefully ..... the hold ups have all been sequestered.
Peaches1 : BREAKING: All major indexes turn negative; energy weighs as oil approaches 12-yr low http://www.cnbc.com/
Luvwulfs : the way I see it all markets have to go to their real value, not the inflated value, before a reset. Just guessing
OK Rocks: BEEN A LOT OF QUESTIONS ABOUT THIS...SO I WILL REPEAT...FYI ABOUT THEIR GAZETTE - THEY HAVE NOT UPDATED IT YET.... laws shall be published in the gazette and shall take effect on the date of their publication, unless stipulated otherwise. It is published by the Ministry of Justice. http://www.moj.gov.iq/
THEY ARE NOT SHOWING ANYTHING NEW SINCE NOV 30, 2015... STILL WAITING FOR IT... https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.moj.gov.iq%2F&edit-text=
Too, in all my years in this they dont PUBLISH the Gazette but once a week On Wednesdays... So it could be done, just not published yet...
This last one was No. 4389 issued on Nov 30 2015 and Published on 12/21/2015 09:39:00 (Click on Image there) .... The Council of Ministers Resolution No. 400 of 2015 on the adoption of payroll and annual bonuses average number (400) https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.moj.gov.iq%2Fview.1989%2F&sandbox=1
OR maybe its hidden underneath this one where I cannot see it lol BUT I think it would have a later date then Dec 21??
It could be in the gazette (their law book)... but it just has not been PUBLISHED yet... It has to be published to be implemented... and I believe they will not Publish it til they RV or shortly thereafter
Danblessed : Okrocks strange why they haven't published a gazette since 11-30-15
OKRocks : Danblessed I think so too! it could be its so chocked full of goodies they cant until they rv...hmmm
Banditjumps2013 : on cnbc they just recommended that movie the short
EarJocky: China is actively causing the economic changes we are seeing using their currency devaluations. Don't make the mistake of assuming these changes are random in the markets.
JSL: earjockey I think your right, I hate to say it but it is part of an Ugly divorce going on in the Power structure of the world right now, Certain western entities are kicking and screaming all the way through the procedure. Some know what I am talking about. But the truth is tha False marraige should have never been entered into over 100 years ago anyway. Now we are finding out it was not a faithful relationship from the start. If you know what I mean
EarJocky: The USA benefits from a weaker dollar, drops in the yuan runs dramatically counter to the USA production/jobs/growth/earnings. We get to buy cheaper stuff but when did shopping make anyone wealthier? They are giving us right hooks and left jabs.
The RV gives the USD an immediate shot in the arm and gives the US some breathing room in a debt based economy to increase the dynamic range between debt and revenue. So the USD for a short period will actually increase in value after an RV until the new revenues start getting paid-forward (PIF). Then the dollar will start to drop as it begins to yield goods and services.
Of course this pretty little outcome depends on the US PIF domestically.
If you want to really do some good create some good paying jobs by opening up your current job to someone else and creating some new ones.
Drakechap: earjockey, i get that and if seems like this will help everyone everywhere. So there should be no reason for the hold up. we have too much sainty to understand the sanity!!
Earjocky: Drake the missing part that are impossible to truly get a handle on are the personal and political interests of powerful people and organizations.
KArmaking: It's a big thing that's collapsing. Some will see it as a collapse, for those who have been working it, it has been a dismantling. And also, to us, it's been like watching a big baby being born.
Ice: how does a country like Iraq....having more oil and other assets than just about everyone else...live in poverty? and not like Kuait. ..Saudi arabia...befuddled the mind...
Earjocky: Ice Iraq has over the decades become a giant piggy bank of the world. Saddam kept it in his closet and now the global family of countries are fighting over it for their economic salvation. Our dinar represent a share of interest and we wait for the probate to be settled and the will to read to the heirs. We happen to be last in line.
JSL: Maybe today while one of our Big Buddies is Driving his ball out on the Golf course someone in the Sun and Sand He will feel this Impending Urge to Cry Out That's Enough Folks!!! Lets get a Hole in One Today!! And all His advivors Will Put it to Action!! And we willl Say See Ya at the Exchange Center
Taxmom: Bix Weir on Chinese Markets
So funny. China has finally figured out that you don't telegraph to the world that you are going to rig the stock market - you do exactly the opposite!
Yesterday they said they were going to remove all the stop loss/support mechanisms so everyone was expecting the Chinese stock market to get destroyed today. When it opened it started to crash quickly but then an "Invisible Hand" came in and started buying massive amounts of stock to make the exchange close up on the day.
A play right out of the US Riggers playbook...make the markets LOOK like they are functioning on their own and don't tell anybody that it is being rigged.
Let's see how long this lasts.
Bix Weir <firstname.lastname@example.org>
EXOGEN: What’s going on? Marvin Gaye
From CC This Week: Frank26 Vietnam has actually bowed and will be walking away from a fixed currency...fixed for many decades...you are telling us to make it a free float...yes...a free float that certainly won’t go downward...go to the Central Bank of Vietnam...what they are doing right before your eyes is exactly what Iraq is doing.
Walkingstick: Iran to Receive Major Economic Windfall as Nuclear Deal Begins
Expert: ‘Kerry might as well have wired the money directly into the Revolutionary Guards’ bank accounts'
BY: Daniel Wiser
January 8, 2016 4:59 am
Iran’s economy is set to receive a substantial boost in the next two years as a result of billions in sanctions relief from the nuclear deal, according to a new forecast, a windfall that could also secure more resources for the Iranian military and its terrorist proxies.
The World Bank said in a report that Iran’s GDP is projected to increase by 5.8 percent this year, compared to just 1.9 percent last year. Economic growth is then estimated to rise by 6.7 percent in 2017.
As part of the nuclear agreement reached between Iran and world powers last year, the Islamic regime could collect as much as $150 billion in unfrozen assets from foreign accounts after it places some restrictions on its nuclear program. Tehran will also be permitted to resume more oil exports, which could increase its sales by 0.5 to 0.7 million barrels per day this year.
The nuclear deal “opens the door for reintegration of [Iran] into the global economy and the reinvigoration of its oil, natural gas, and automotive sectors,” the World Bank said in its global economic prospects report.
“Sanctions could begin to be lifted in early 2016 if the International Atomic Energy Agency (IAEA) indicates the Iranian government has fulfilled its commitments under the pact,” the report continued. “Renewed optimism about the potential of the Iranian economy has already generated a flurry of investment interest by foreign companies.”
Michael Rubin, an expert on Iran and the Middle East at the American Enterprise Institute, said in an email that he also expects the Iranian economy to grow in the wake of the nuclear deal, though he cautioned that the World Bank can be too reliant on flawed statistics from Tehran. Rising growth in Iran would represent a stark contrast to the economic situation before the nuclear negotiations, when the country’s economy contracted under the weight of U.S.-led sanctions.
At the talks, U.S. Secretary of State John Kerry turned in “probably the worst negotiating performance any U.S. secretary of state has had in the last century,” Rubin said, because he failed to pressure Iran into eliminating all aspects of its nuclear program.
“Rather than use Iran’s precarious economic situation as leverage in U.S. negotiations, Secretary of State John Kerry effectively caved,” said Rubin, who is also a former Pentagon official in the George W. Bush administration.
“The Obama administration effectively bailed Iran out,” he added.
Analysts have raised concerns that the Islamic regime could devote billions of its sanctions relief to the Islamic Revolutionary Guard Corps (IRGC), the elite paramilitary unit that also supports terrorist groups in Lebanon, Gaza, and Yemen. The American Action Forum estimated last year that the Guard Corps’ budget could increase by about $3 billion after the nuclear deal is fully implemented.
“If Iran’s economy does grow—and that growth is not eroded from significant inflation from the hard currency influx—then the chief beneficiaries will be the Islamic Revolutionary Guard Corps who have a stranglehold over the oil industry, import-export, and construction,” Rubin said. “Kerry might as well have wired the money directly into the Revolutionary Guards’ bank accounts, because that is the net effect.”
Iran could also use the sanctions relief to bolster its ballistic missile program. Iranian forces have tested two ballistic missiles since the nuclear agreement was reached, including one in October that was capable of carrying a nuclear warhead and violated a United Nations Security Council ban. President Hassan Rouhani has said the military should allocate more resources to its missile program if the United States decides to impose sanctions for the missile tests.
Additionally, an Iranian military with more funding could further exacerbate sectarian tensions in the Middle East. Following the execution of a Shiite cleric by Saudi Arabia, a Sunni Muslim nation and Iran’s bitter regional rival, Iranian protesters stormed the Saudi embassy in Tehran, prompting the Saudis to break off diplomatic relations. Iran has now accused a Saudi-led coalition of launching airstrikes near its embassy in Yemen.
Rubin warned that Iran previously capitalized on negotiations and trade in the early 2000s to augment its nuclear program.
“Between 1999 and 2005, Europe’s trade with Iran almost tripled and the price of oil about quintupled,” he said. “Iran put about 70 percent of that hard currency windfall into its nuclear and ballistic missile programs.”
“The reason for the expansion of Iran’s illicit programs early the last decade was too much diplomacy, not too little,” he continued. “The Supreme National Security Chairman at the time directing those programs? Hassan Rouhani. Kerry is simply making the same mistake twice.”
http://freebeacon.com/uncategorized/ira ... al-begins/