[tman23] Not only is Iraq in a monetary mess and seeking bailouts... Take note that Greece has an issue that carries over to the Euro and the condition of Europe as a whole...The world economies are defaulting......
The POINT IS...Japan and other such countries can not afford to continue to loan Iraq 1 billion dollars...
They can not afford to keep supporting war efforts at a cost of 10 million per day to the US and have no action on Iraq's part...
There was more then one reason for June being the "end of the road"... See the news!!
If IQD is what we speculate it to be... WE ARE IN A GOOD SPOT!
[LAS] Bruce on The Big Call: we are in a very good timeframe; things he can't discuss; timing close; great opportunity this week; hearing from some people who knows. That's it folks!
Topic: Be sure you put your feet in the right place, then stand firm. Abraham Lincoln
melissahawkins] [MikeH] Any news regarding when we might see this?
[.MikeH] melissahawkins I wish I had good news for you all I can say is that things are moving in Iraq and they are getting a lot done from what I can find I am hopping that what they are doing will move the thing that we are waiting for
[.MikeH] they are working on a lot of very important laws today and in the next few days …I don't know if that is what we arewaiting on but if it is , then things are moving in a good way
Walkingstick » July 1st, 2015,
Parliamentary economy reveal the 50 thousand dinars coin put into the market this month
Economy and tenders Since 07/01/2015 18:10 pm (Baghdad time)
Special scales News
A commission of economy and investment representative, Wednesday, for the new currency launch of the 50 class thousand dinars to the Iraqi market during the current month.
He said committee member Najiba Najib's / scales News / "The central bank will present the new category of coin fifty thousand dinars to the Iraqi market during the current month after the completion of all their actions."
Najib added that "the other category of 100 000 dinars will go after the launch of the 50 category Alaracqa thousand dinars in the market for a while Alasthoudarat and procedures for that category is complete and make sure of their advantages and disadvantages."
This "revealed the Central Bank of Iraq, his request to wait for the issuance of class 100 000 dinars, noting that the issuance of 50 thousand dinars category of the local currency will be the end of this year" .anthy / 29 / d 24 LINK
Thunderhawk » July 1st, 2015,
With $21 Trillion, China’s Savers Are Set to Change the World
Few events will be as significant for the world in the next 15 years as China opening its capital borders, a shift that economists and regulators across the world are now starting to grapple with.
With China’s leadership aiming to scale back the role of investment in the domestic economy, the nation’s surfeit of savings -- deposits currently stand at $21 trillion -- will increasingly need to be deployed overseas. That’s also becoming easier, as Premier Li Keqiang relaxes capital-flow regulations.
The consequences ultimately could rival the transformation wrought by the Communist nation’s fusion with the global trading system, capped by its 2001 World Trade Organization entry. That stage saw goods made cheaper across the world, boosting the purchasing power of low-income families at the cost of hollowed-out industries.
Some changes are easy to envision: watch out for Mao Zedong’s visage on banknotes as the yuan makes its way into more corners of the globe. China’s giant banks will increasingly dot New York, London and Tokyo skylines, joining U.S., European and Japanese names. Property prices from California to Sydney to Southeast Asia already have seen the influence of Chinese buying.
Other shifts are tougher to gauge. International investors including pension funds, which have had limited entry to China to date, will pour in, clouding how big a net money exporter China will be. Deutsche Bank AG is among those foreseeing mass net outflows, which could go to fund large-scale infrastructure, or stoke asset prices by depressing long-term borrowing costs.
“This era will be marked by China shifting from a large net importer of capital to one of the world’s largest exporters of capital,” Charles Li, chief executive officer of Hong Kong Exchanges & Clearing Ltd., the city’s stock market, wrote in a blog this month. Eventually, there will be “fund outflows of historic proportions, driven by China’s needs to deploy and diversify its national wealth to the global markets,” he wrote.
The continuing opening of China’s capital account will also promote the trading of commodities in yuan, and boost China’s ability to influence their prices, according to an analysis by Bloomberg Intelligence.
As was the case with China’s WTO entry, where many of the hurdles had been cleared in the years leading up to 2001, policy makers in Beijing have been easing restrictions on the currency, the flow of money and interest rates for years. What’s making 2015 notable is the International Monetary Fund’s once-in-five-year review of its basket of reserve currencies. China wants in, and is accelerating reforms to get there.
Recent steps to promote its currency have included setting up five offshore yuan centers, a new link between the Shanghai and Hong Kong stock exchanges and letting the tightly controlled yuan trade against the dollar in a wider band. It has promised to remove a cap on interest paid to savers.
“The integration of China –- the world’s second-largest economy with the highest saving rate but still a low per capita income -– into the global capital markets is an unprecedented event,” China International Capital Corp. economists led by Beijing-based Liang Hong wrote in a note this month.
There are already signs of that potential. Chinese buyers topped Canadians to rank as the biggest foreign purchasers of U.S. homes by sales and dollar volume in the year through March, accounting for more than a quarter of all international spending.
Lenders are speeding up their ambitions: Bank of Communications Co., China’s fifth-largest lender, is making its first overseas acquisition by buying a lender in Brazil, while China Construction Bank Corp. plans to open branches in Europe, Southeast Asia and Africa.
The global community is watching. U.S. Treasury Secretary Jacob L. Lew said after meetings this week between U.S. and Chinese officials that China is committed to pushing through necessary reforms to liberalize interest rates, open capital markets and open up more to foreign enterprises. The U.S. wants more access to the world’s second-biggest economy for its financial firms, something that’s been elusive since China’s WTO entry.
Few expect the yuan to soon threaten the dollar’s role as the global reserve currency, with a wave of domestic reforms needed first up to reassure international investors -- such as bolstering liquidity in the local bond market.
While U.S. policy makers are betting that a more open China will ease currency tensions between the two nations, any rapid depreciation in the yuan could trigger large-scale capital outflows, prompting intervention and new restrictions from China’s policy makers.
“If they’re going to be gradually opening up to be like the U.S., then vast amounts of money are going to flow overseas,” said David Dollar, who served as U.S. Treasury attache in China and is now a senior fellow at the Brookings Institution in Washington. “I would speculate that it favors the U.S. over everything else.”
Other nations, from Argentina to South Korea, have suffered whiplash from volatile capital flows after they eased restrictions. While China is unlikely to tear down the barricades altogether, the opening of the nation’s capital borders will reverberate across the world.
“I don’t think you can find any significant economic system where deposits in the banking system are twice GDP,” said Nicholas Lardy, who has studied China for more than three decades and is a senior fellow at the Peterson Institute for International Economics. “That’s the potential.”
jdtolle » July 1st, 2015, Choose the next step
Just because you’ve been disappointed once, or twice, or a hundred times, is no reason to give up. On the contrary, it is a reason to give more to the effort.
Just because you’ve been criticized is no reason to think that the whole world is against you. Actually, it is a valuable opportunity to improve.
Life can throw a lot of discouraging things your way. What’s really beautiful, though, is that you don’t have to be discouraged.
You have a choice, no matter what has happened, no matter where you’ve been or where you are. You can choose the next step, and you can choose to make it a positive one.
You can choose to make the next step the most effective, loving, meaningful thing you’ve ever done. Nothing outside you has the power to stop you from making this your best moment yet.
Throw off the disappointment, breeze cheerfully past the naysayers, and exercise your power to choose. The next step is yours to choose, and you can choose to make it great.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. You cannot make yourself feel something you do not feel, but you can make yourself do right in spite of your feelings.-- Pearl S. Buck
Emailed to Recaps:
Random thoughts as we age ..
The biggest lie I tell myself is: "I don't need to write that down, I'll remember it."
I don't need anger management. I need people to stop pissing me off!
Old age is coming at a really bad time!
Grant me the strength to accept the things I cannot change, the courage to change the things I can & the friends to post my bail when I finally snap !
My people skills are just fine. It's my tolerance to idiots that needs work.
If God wanted me to touch my toes, he would've put them on my knees.
The kids text me "plz" which is shorter than please. I text back "no" which is shorter than "yes."
I'm going to retire and live off of my savings. Not sure what I'll do that second week.
Even duct tape can't fix stupid but it can muffle the sound!
Why do I have to press one for English when you're just gonna transfer me to someone I can't understand anyway?
Of course I talk to myself, sometimes I need expert advice.
Oops! Did I roll my eyes out loud?
At my age "getting lucky" means walking into a room and remembering what I came in there for.
Chocolate comes from cocoa which is a tree ... that makes it a plant which means ... chocolate is Salad !!!
And, of course.. Have I sent this to you already... or did you send this to me?