Emailed to Recaps:
Dear Recaps-In case people forgot or havn’t seen it yet- Excerpt from Zap on 9-9-15:
THERE IS MUCH INFORMATION FLYING ABOUT (SORRY COULDN’T HELP THAT) IN RESPECT OF THE FUNDS RELEASES, RV, PPP, AND HOW LONG A LONG ISLAND ICE TEA IS.
TO DATE, THERE HAVE BEEN SOME TEST MADE ON HISTORIC ASSETS, AND SOME DINAR EXCHANGES, BUT THE BULK OF IT ALL WILL BEGIN THE WEEK OF THE 14TH.
THIS TIMING IS PRETTY FIRM NOW. SO IN THAT WEEK, WE SHALL SEE MANY MANY FUNDS BEING RELEASED FOR THE HISTORIC ASSETS, THE PPP, THE CURRENCY, AND MOST IMPORTANTLY FOR ME, THE PROJECT FUNDS.
THE HISTORY OF HOW WE GOT HERE IS NOT AS IMPORTANT AS THE HISTORY WE WILL BE MAKING NOW. AND PLEASE BE KIND WHEN THE UGLY TRUTHS BEGIN TO SURFACE ABOUT HOW WE GOT TO THIS HOLE WE ARE CLIMBING OUT OF RIGHT NOW.
Iko Ward: Forex hasn't reverted back to the CBI 1166 rate yet. Polled up slightly this AM to 1114.8. Maybe they know something we don't.
Conan: want the truth---- builderburg group, bankers, 9-11, wars fought and died for, and why you haven't heard about it https://www.youtube.com/watch?v=3JhKymbubX0
Dinar4Two : Everyone have a great day today and let's not forget what really went down on this day 14 years ago. Take care all of you and GOD bless America.
GirlDog: FACTS ON A trillion on paper?
We’ll start simple: how big is a trillion on paper?
1,000 = one thousand
1,000,000 = one million
1,000,000,000 = one billion
1,000,000,000,000 = one trillion
A million is equal to a thousand thousands (1,000 x 1,000).
A billion is equal to a thousand millions (1,000 x 1,000,000).
A trillion is equal to a thousand billions (1,000 x 1,000,000,000)
or a million millions (1,000,000 x 1,000,000).
Let’s Measure a Trillion in Time
How Long Ago Is a Trillion Seconds?
If you count backward, then:
1 million seconds = 12 days ago
1 billion seconds = 31 years ago
1 trillion seconds = 30,000 B.C.
(give or take a decade or two)
Let’s Measure a Trillion in Height
How high is a trillion in $1000 bills?
If you stack a trillion-worth of $1000 bills together, then:
1 million dollars = 4 inches high
1 billion dollars = 364 feet high
1 trillion dollars = 63 miles high
(give or take a foot or two)
Note that this is a STACK, not laid end-to-end.
Let’s Measure a Trillion in Money
With about 305,000,000 people and 111,000,000 households in the U.S.
$1 Million is 1¢ per household,
$1 Billion is $3.28 per person and $9 per household,
$1 Trillion is $3,280 per person and $9,000 per household
If a person’s salary is $40,000 per year it would take:
25 years to earn $1 Million
25 Thousand years to earn $1 Billion,
25 Million years to earn $1 Trillion
If you lived to be 80 years of age, to have:
$1 Million you would have to save $34 each day of your life,
$1 Billion you would have to save $34,000 each day of your life,
$1 Trillion you would have to save $34 Million each day of your life
NOW HOW LONG WILL IT TAKE YOU SAVE $100,000 DOLLARS.
MOST WILL NEVER SAVE $100,000 DOLLARS.
MOST OF THE TIME IF IT COMES EASY, IT GOES EASIER.
MOST IN THIS VENTURE WILL BE BROKE IN 5 YRS R LESS
HAVE FUN AND GET THE RV ON THE ROAD girl dog
Reposted: sczin11 Article quote: "that on Sunday, 13 of the month of September this will be the first day of the start of the real and actual work for the issuance of a unified national card..."
FOLKS THIS IS A HUGE STEP... NATIONAL CARD- ACTIVATE SUNDAY SEPT 13.
Walkingstick » September 11th, 2015,
Bond deal for Iraq preferred over Kurdistan
Posted on September 11, 2015 by Editorial Staff in 1 Top News, Economy, Finance & Banking
LONDON,— Iraq is gearing up to print its first international bond in almost a decade, with investors warning that the sovereign will have to pay eye-watering yields to raise a sizeable amount.
Iraq (B-/B-) is meeting investors this week in London for a US dollar-denominated benchmark-sized bond. The roadshow moves to the US next week. Citigroup, Deutsche Bank and JP Morgan are the lead managers.
A successful deal would stand in contrast to Kurdistan’s attempts to raise debt. The semi-autonomous region in Northern Iraq has yet to price its deal after speaking to investors in July about a five-year bond placement, although it still hopes to do so.
While both face huge security challenges, Iraq should have fewer problems in selling its deal. Iraq is a sovereign entity, which is seeking to issue a listed, rated bond with standard documentation. In contrast, Kurdistan’s potential transaction was likened to a private placement by some accounts, with no ratings, no listing and uncertainty about some of the risks involved.
Investors also say there is greater clarity about Iraq’s ability to generate revenues through direct oil sales. While Kurdistan is ramping up independent oil sales, it is doing so in defiance of Baghdad and follows growing discontent between the two sides over a revenue-sharing agreement. Iraq has yet to react, though last year it took to the courts to block a tanker carrying Kurdish oil from entering US waters.
“It’s very vague as to whether Kurdistan will actually be allowed to [continue to] sell its own oil,” said an investor, echoing the sentiment of two others.
OIL FOR SALE
The importance of oil to both Iraq and Kurdistan cannot be overstated. Iraq holds the world’s fifth largest oil reserves, said Fitch. Exports from its southern terminals averaged 3 million barrels a day in June, Reuters reported, equal to around US$144m of revenue every day.
Crucially, the oil fields are far from the front lines of the battle with Islamic State, said Paul Gamble, a director in Fitch’s sovereign ratings arm.
But lower oil prices have significantly weakened Iraq’s fiscal position with Fitch forecasting a double-digit deficit for 2015. This has led Baghdad to the capital markets for the first time since 2006.
Officials are eyeing US$5bn-$6bn through bond sales, though this deal will be smaller.
“There is no way they can get that in one tranche,” said one fixed income investor. “I imagine the maximum will be US$2bn.”
Another investor agreed that US$2bn was the most Iraq could pull out of the market in one go, though even that could be a struggle.
“In order to do US$2bn, they will need to pay quite a substantial amount,” he said.
Iraq’s only outstanding bond, a US$2.7bn 2028 note, was trading at a yield of 10.60% on Thursday, according to Thomson Reuters Eikon data.
“If they want to do a new 10-year deal, they will most probably have to pay 10.5% to 11% yield,” said the second investor, referencing the outstanding bond as a data point.
The current yield on the 2028 bond is in contrast to where it was trading just a few months ago. In mid-May, for example, it was quoted inside 8%.
In order to keep the price down, Iraq may, therefore, choose to issue a five-year note, although the tenor has yet to be decided.
Some think the 2028 bonds are a poor comparable. “The 2028s are old and not particularly liquid,” said a banker.
“This is a chance to get into something new,” he said, adding that this may allow Iraq to be a bit more aggressive on price.
Investors are also looking to other, similarly rated, sovereign issuers to get an idea of where Iraq should price, although how useful they are as reference points remains to be seen.
Ecuador (B3/B/B), has a US$1.5bn 2020 bond outstanding. However, that note is trading at a yield of 17.76%. This after the bonds were priced in March at 10.50% and then tapped in May at 8.50%.
“If Ecuador had to pay 10.50% for a five-year bond, I can’t see that Iraq would be any different,” said an investor.
Nigeria (Baa3/B+/BB-)and Egypt (B3/B-/B ) are other comparables, but “the Nigeria situation is much better,” said one investor.
Nigeria has US$500m 2023 bonds trading at a yield of 7.873%. Egypt’s US$1bn 2020 bonds are much lower, at 4.68%, according to Thomson Reuters prices.
Despite the high price tag investors are demanding, there are positives about Iraq’s credit profile, aside from oil. Foreign exchange reserves, at US$67bn at end-2014, were sufficient to cover over 10 months of current external payments, said Fitch. External debt service ratios are also well below the peer median.
Furthermore, Iraq has plenty of international support.
“It has the backing of basically all the big development agencies, which acts as a backstop to any deal,” said an investor.
The World Bank, for example, will provide US$1.7bn in loans to Iraq, the country’s finance ministry said in July.
JDTolle » September 11th, 2015, Big deal
Most of the things you make a big deal about won’t be a big deal for long. Many of the things that consume your attention, you won’t even remember in a couple of weeks.
Life sends a whole lot of seemingly urgent matters your way. The majority of those matters don’t really matter.
Before you get all caught up in the crisis of the moment, step back. Look at it from the perspective of your entire life.
If it really does matter in the big picture of things, then plunge yourself fully into doing something positive and useful about it. If it really doesn’t matter, then move yourself on to whatever does.
Make all the time you spend with life, quality time. Invest that time in the service of what you care about.
There is plenty of time to do what matters, if you will simply stay away from what doesn’t. Give your moments the respect they deserve, and from them you’ll create rich fulfillment.
Ralph Marston Wishing All a safe and blessed day/weekend JDT
P.S. Use what talents you possess: The woods would be very silent if no birds sang there except those that sang best.-- Henry Van Dyke