[daz] AS I UNDERSTAND THE IMF'S SDR BASKET.... THEORY IS THAT THEY ASSEMBLE SEVERAL CURRENCIES PER BASKET BUT THEY DONT ALL HAVE TO BE EQUAL OR SIMILAR VALUES....
ITS ABOUT A BALANCED BASKET THAT KINDA SELF HEDGES THE COMPONENTS ATTEMPTING TO ACHIEVE A STABLE UNITIZED SDR TRADE VALUE.
SO, IF THAT THEORY IS ACCURATE, THE COMPONENTS OF THE BASKET ARE JUDGED AND ASSEMBLED PRIMARILY ON THE MERITS OF THE COUNTRIES ECONOMY AND, POLITICAL AND FINANCIAL STABILITY, MORE THAN CURRENCY VALUE
[daz] DOES IT MAKE SENSE
[Tight wad] I thought part of this reset was about bringing some jobs back this way
[daz] THAT WILL BE A CERTAIN OUTCOME OF THE RETAIL AND CONSUMER DEMAND FOR PRODUCTS AND SERVICES
daz] ALL THAT DOES BRING JOBS AT EVERY LEVEL...AS PEOPLE SPEND MONEY INTO THE SYSTEM..DEMAND IS CREATED AND INVENTORY DECREASES. TO SATISFY DEMAND, INVENTORY MUST BE REPLENISHED AND THAT TAKES PEOPLE BUILDING THINGS AND PROVIDING SERVICES AND IT TAKES MANPOWER TO HANDLE THE SALES AND INCREASED TRAFFIC
[Tight wad] Your right. I remember DC saying a rise in gdp here to 8%. Which normally runs around 3-4%
[daz] WE'VE BEEN CLOSER TO 2% FOR 10 YEARS
[daz] NOW THINK ABOUT TAKING ALL THE BUSINESS ACTIVITY AND RETAIL CONSUMERISM THATS BEEN GOING ON FOR TEN YEARS AND THEN DOUBLE, TRIPLE OR QUADRUPLE THAT...THATS A LOT OF JOBS
[daz] IT WILL BE A BEAUTIFUL THING
WTCutter: Winston Churchill : Success is not final, failure is not fatal: it is the courage to continue that counts.
RTG: I expect to see/hear more stories like this in the near future. http://abc13.com/society/woman-buys-entire-nyc-toy-store-for-needy-kids/1092687/
[xyz] LONG BUT WORTHY READING .... "the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation as a mission president of the basis of the target under the Bank Act, and at the same time working on maintaining the prevailing dinar reserves and to cover high, in spite of the prevailing and known to everybody economic conditions, so it is kept whole and preserves the purchasing power of the Iraqi dinar. " Link
[xyz] United Nations Security Council resolution planned by world powers to declare war against group in Iraq and Syria Link
[xyz] BLOG: second week of December ..... China To Devalue Yuan Soon After IMF’s SDR Inclusion? Link
Post RV Idea:
Amazing Lamont: Charter a private jet to Europe for less than £500?
New services have brought the price of private air travel down below the £500 mark, with a flight to Geneva possible for as little as £310 per person.
One such company is private jet charter website Fly Victor, who offer an empty leg flight booking service.
Click here for Fly Victor
An empty leg flight is where private aircraft have been booked one way only, so have to make the return flight with no passengers - these flights can then be sold on to others at a discount. Although the departure times aren’t flexible, up to 75pc can be saved according to Fly Victor.
At the time of writing, their website shows 30 available empty leg flights, ranging from as little as £310 per person for a light jet from Geneva to London, up to £1,579 per person from Los Angeles to Hawaii on New Year's Day.
A one way first class commercial flight from Los Angeles to Hawaii on the same day would cost anywhere from £500 to over £1,000 depending on the airline used.
That would mean flying outbound on the chartered flight and returning first class could potentially only cost an extra £500. A traveller willing to fly back in economy could negate the extra cost of the charter aircraft entirely.
Another company offering new ways to access private air travel is Private Jet Club UK, who for an annual membership fee of £248 provide access to a range of shared private jet charters for a member and up to four guests.
Members request seats on flights, with multiple parties being used to fill up a flight, offering significant discounts compared to the price of a sole charter.
It can by no means be described as cheap, but for those already willing to spend hundreds or thousands on business and first class commercial travel, it represents a feasible way to step into the next tier.
According to Private Jet Club UK’s example pricing, a return flight to Geneva on different days for six people sharing is estimated to cost £1,583 per person – flying there and back on the same day takes it down to £783.
Click here for Private Jet Club UK
For Nice, the same situation costs £2,000 per person for different day flights, or £1,000 to take a return day trip.
When booking a private flight, be wary of unlicensed or poorly run operators - always ask what certification they hold. At a bare minimum you should expect to see the air operator's certificate (AOC). It's also worth checking the experience of the flight crews used, and looking for any hidden costs that could be added on such as catering
Q: [Why mint new coins when they never used the old ones...?]
Wmawhite: They are printing notes or minting coins...because they know they are going to need them in the near future.
The CBI has already told you what you ought to know...as well as the IMF.
The CBI owns the currency and the IMF has told the world that Iraq is re-joining the global markets prior to the first half of 2016.
Emailed to Recaps:
Bix Weir: ALERT: Fed Holding Emergency Meeting on Monday to Decide Interest Rates
Put this in the category of "Fed Panic"!
Advanced Notice of a Meeting under Expedited Procedures
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 AM on Monday, November 23, 2015, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C.
The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting Date: Monday, November 23, 2015
1.Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.
Something just snapped and it has finally broken to the forefront at the Federal Reserve.
Not sure what it is exactly as there are so many things teetering on the brink of destruction but an emergency meeting to decide interest rates will probably have MANY people on the wrong side of this move by the Fed.
May the Road you choose be the Right Road.
Bix Weir www.RoadtoRoota.com