Frank26: i ............ We .............. Will be in RED dress tonight ..(For red Hot?)................ What will be Your color tonight KTFA FAMILY? CC of Urgency .............. \m/ (CC 7PM EST)
Aggiedad77: I am having one of those "feelings" Frank.....we stand before that locked door you mentioned on Monday night......all of a sudden.....we can hear clicks and clatters.....bolts being thrown....then hinges creaking......the door frame bulges.....it's a fat lady for sure....but what happens is hopefully historic....
Praying that what flows through is just so totally full of MR.....hot....red hot lava flow of the MR....Monetary Reform that is....not the beginning thing either....but rather instead the whole enchilada....the hot ones Frank and a few tamales on the side....can you serve that up tonight.....
Dine in or take out.....I'll dine in to savor what I see....the company and atmosphere is everything........let it be show time....Maestro. Aloha Randy
Molson88: Not "calling it for today" or anything, but I found it very interesting that Frank said on the last conference call that when the rate does change, it will be before or after the opening for the day (meaning their after hours/night time).
Iraq is about 8-9 hours ahead of us, which would mean it would mean it would be sometime during our day.
I just find it funny, because a lot of the other "gurus" I used to follow before I found KTFA would say, for example, "Its happening tonight at Midnight", etc.; or "in the still of the night"...
Not sure if anyone else caught this tidbit on the last conference call...
Jay: Hi Molsen. Yes i caught it too. The funny thing is, the cbi is on holiday today and the site went down. So that counts to what Frank has said. But I in no way think it means it happened. Just stating that it is interesting.
IMarieP: Just for reference.... Iraq is 7 hours ahead if you are in CST. So I believe between 10am - 1am CST would be non-business hours in Iraq assuming they work 8-5.
WaymakersKid: I also find it interesting that Iraq is CLOSED for a day ..or two...or.... then they will be OPEN! Isn't it funny that they talk about voting on having LESS holidays then they immediately have MORE holidays!
Walkingtick: Army Chief of Staff: a few hours separate us from the liberation of Mosul
Chief of Staff of the Iraqi army Othman al-Ghanemi, said on Wednesday that the battle of Mosul will be white, assured the people of the city of Mosul that the battle will be the restoration of Mosul against Daesh only,
He Ghanimi inspecting Ninawa Operations Command, for the distribution of the pieces and spread within conclusively determine responsibility and battle axes against the organization, said that "a few hours separate us from freeing the people of Mosul trapped under the occupation of the organization Daesh."
He called on the people of Mosul Ghanimi Daesh to stay away from the pool and follow the instructions given to them by Iraqi forces areas.
The organization has Daesh control of Mosul, the second largest city in Iraq in June 2014, and is the last strongholds of the organization in the country, which is scheduled to start restoring operations in the coming days.
Carolyn: how can we be " a few hours from liberation" when as of yet we have not started if we listen to this Media? hmmmmmmmmm
yada : Im still very excited,,,,understanding the process was released and progressing through the various levels,,we are there
Graciella : yes, seems like everyone is highly expectant again for this week to really happen!!
Shybaby: Hong Kong remains ranked as world's freest economy
Hong Kong is once again ranked as the world's freest economy.
Hong Kong once again ranks as the world’s freest economy, according to the2016 Economic Freedom of the World report. The city obtained an overall rating of 9.03 out of 10, up 0.06 points from last year.
Hong Kong Commissioner to the United States Clement Leung welcomed the ranking saying, “The ranking once again demonstrates Hong Kong’s adherence to a free market system, a small yet highly efficient public sector and an open business environment for all.
“These attributes, buttressed by a commitment to the rule of law and an independent judiciary, have made Hong Kong a textbook case study on the benefits of free trade and free markets to economic development. We will continue to strengthen our core fundamentals to maintain the city’s vibrancy and competitiveness.”
Among the five broad areas of assessment, Hong Kong continued to hold high rankings in size of government, regulation and freedom to trade internationally.
The report is copublished by the Cato Institute, the Fraser Institute in Canada and more than 70 think tanks around the world.
Scotchie: Iraq is broke, and borrwing money from everyone..how could the Iraqi banks ever change to $3.71? Makes no sense, imo
AdminBill: SCOTCHIE - MY TAKE ON IRAQ AND THE NEED TO BORROW MONEY (USD?) IS THE REQUIREMENT TO STAY SOLVENT. ONCE THE RV TAKES PLAY THE VALUE OF IRAQI DINAR THEY HOLD IN THEIR VAULTS WILL MORE THAN COVER ANY LOANS. RIGHT NOW, IMO, IT IS ALL A SHELL GAME.
THB: plus it increases their credit rating
Ragincajun: ADMINBILL, I WOULD AGREE, THE U.S. WANTS IRAQ TO OWE MONIES FOR CONTROL, IT'S THE CENTRAL BANK GAME
AdminBill: RC - YES. AND IN ALL LIKELIHOOD THEY MAY NOT ACCEPT USD IN PAYMENT WANTING CONTINUED OIL CREDITS IN RETURN. CRAZY WORLD WE LIVE IN.
Angel: A $7 Trillion Moment of Truth in Markets is Just Three Days Away
What will Libor do once the dust settles?
October 11, 2016 — 6:03 AM PDT
If the London Interbank Borrowing Rate was a musical artist, or an actor, or a sports team, we'd be calling 2016 its comeback year.
Not since the financial crisis of 2008 has Libor, to which almost $7 trillion of debt including mortgages, student loans and corporate borrowings, is pegged — experienced such a surge. The three-month U.S. dollar Libor rate has jumped from 0.61 percent at the start of the year to 0.87 percent currently — a 42 percent rise — ahead of money market reform that's due to come into effect on Oct. 14.
The new rules require prime money market funds — an important source of short-term funding for banks and companies — to build up liquidity buffers, install redemption gates, and use 'floating' net asset values instead of a fixed $1-per-share price. While the changes are aimed at reinforcing a $2.7 trillion industry that exacerbated the financial crisis, they are also causing turmoil in money markets as big banks adjust to the new reality of a shrinking pool of available funding.
Some $1 trillion worth of assets have shifted from prime money market funds into government money market funds that invest in safer assets such as short-term U.S. debt, according to Bloomberg estimates. The exodus has driven up Libor rates as banks and other corporate entities compete to replace the lost funding.
Now, analysts are debating whether the looming Oct. 14 deadline will mark a turning point for the interbank borrowing rate, as money markets acclimatize to a new reality. ....