tman23 - The CBI made an announcement giving THE GREEN LIGHT to lift the 3 zeros…… Green light means GO !!
Shabibi when in office said it was a 3 stage process with each stage taking approximately 6 months…….. Now you can speculate what stage the CBI is in…..
They issued orders to pull the 50 notes out of the market and will no longer honor them at the end of April…….
IT IS WORK IN PROGRESS……They have begun monetary reform !!
These are FACTS !
And huge news has been the G20 with new system and codes for international settlements…
Jon 4-1-15 Jester: WHAT WAS BOEHNER DOING IN IRAQ ... WHAT WAS MCCONNEL DOING IN IRAQ .... WHAT WAS LEW DOING IN CHINA ... THE GAME IS AFOOT ...
I AM TOLD THINGS WILL GET INTERESTING IN THE NEXT COUPLE DAYS ...
I AM LOOKING FORWARD TO IT ... I HAVE NOT HAD THIS MUCH INFORMATION LINING UP IN A LONG TIME ...
AND IF MY SOURCES ARE CORRECT ... WE WILL NOT BE WAITING MUCH LONGER ... I AM PRETTY EXCITED MYSELF.
NewEarthNow > Jon April 1, 2015 Jester's "NEXT COUPLE DAYS" and EXO's "48 HOURS" match up nicely..
R.V. / GCR April 1, 2015 Playbook opens TODAY.....FOR OUTLINE TO CURRENCY EXCHANGES TO BEGIN GLOBALLY.....april fools
wilbur grodan > R.V. / GCR April 1, 2015
MARKET ACTION supports 2 DAY estimate
FRIDAY is a MARKET HOLIDAY
TARGET MOVES TO TUESDAY
EXOGEN April 1, 2015 RUSSIA AND CHINA ARE ON IRANS SIDE ABOUT SANCTIONS RELIEF
EXOGEN April 1, 2015 at 2:04pm Israel applies to join China-backed AIIB investment bank
(Reuters) - Prime Minister Benjamin Netanyahu has signed a letter of application for Israel to join the China-led Asian Infrastructure Investment Bank (AIIB), the Israeli Foreign Ministry said on Wednesday.
More than 40 countries, including Australia, South Korea, Britain, France, Germany and Italy, have said they would sign up to the AIIB, with Japan and the United States the two notable absentees.
China set a March 31 deadline to become a founding member of the AIIB, an institution that could enhance Beijing's regional and global influence.
Washington initially tried to dissuade its allies from joining the AIIB, seeing it as a challenge to the World Bank and Asian Development Bank over which the U.S. exerts considerable influence, but changed tack after many signed up for it.
U.S. Treasury Secretary Jack Lew said on Tuesday that Washington would welcome the AIIB as long as it complements existing institutions and adopts high governance standards.
In a statement on its website, the Foreign Ministry said Israel's AIIB membership would open up opportunities to integrate Israeli companies into infrastructure projects it financed.
Israeli companies are increasingly turning to Asia to capture a boom in demand for their technology, as the government urges them to diversify export markets in response to Europe's rising anti-Semitism and potential trade sanctions.
The new bank plans to invest $100 billion in infrastructure projects in Asian countries. Half of that amount has already been budgeted by China.
AmiS: CROATIA just CANCELLED DEBTS of poorest citizens
Starting Monday, thousands of Croatia’s poorest citizens will benefit from an unusual gift: They will have their debts wiped out. Named “fresh start,” the government scheme aims to help some of the 317,000 Croatians whose bank accounts have been blocked due to their debts.
Given that Croatia is a relatively small Mediterranean country of only 4.4 million inhabitants, the number of indebted citizens is significant and has become a major economic burden for the country. After six years of recession, growth predictions for Croatia’s economy remain low for this year.
“We assess that this measure will be applicable to some 60,000 citizens,” Deputy Prime Minister Milanka Opacic was quoted as saying by Reuters. “Thus they will be given a chance for a new start without a burden of debt,” Opacic said earlier this month.
Highlights from DC on TNT Wed. CC via Adept1:
DC: Onto information – it’s still very good. Not much has changed; we are sitting here right on the edge. Over the past 48 hours or so, and it will continue for the next few days, officials are trying to keep things calm in Iraq.
They are so frustrated with this going on and on, that they are now going on a peace-keeping mission through out the country, saying this is really happening, do you have your plan, etc. That is within 4-5 days.
They are doing it publicly in Iraq, in the mosques, different interviews, etc., and I don’t know how public it is. They are briefing the banks, etc. They did retake Tikrit, and there is a long arduous process to clear IEDs, etc.
That is building confidence in the process. Parliament is meeting and MPs on all sides are highly frustrated. They are being asked to calm down. Everything else is where it needs to be, with very minor rate changes to see if that works. That is Iraq,
DC: In the USA and the rest of the world, the banks have reloaded the system several times in the last few days. They have done test exchanges over the last few days as well. Anyone who can listen knows that people are being exchanged, and of course we would all like to be at the bank. I hope they crank it up to 20,000 per day, and they can, they have full capability to do so.
The papers Abadi signed last week say they can do that, and the big four banks are ramping up. Banks in other countries are doing so as well, mainly with test exchanges, mostly with one currency and a limited amount. Some are telling people to bring in all their currency, and others are saying only zim, only dong or only dinar today.
Most are getting international rate in usable funds. I’m glad for them – why should we be mad at someone who got through the system, who is doing well?
caller: I understand that there has been notification from IMF that will expire on 2. April. Where do we stand in that window, and what might the consequences be for Iraq?
DC: Shabibi has done what it was supposed to do, and it’s now a matter of coordination and timing with the IMF and BIS. Banks have been sent notifications from IMF and BIS, then there was some paperwork to do, which they have completed. They then have to choose the best time, and the IMF/BIS juggles everyone’s wants and desires. They have some laws and memos to follow themselves. I would give everyone a few more days beyond that, just to be fair, but everyone is in sync with that process.
Caller; Will our Easter weekend have any effect on timing? Will the banks have an issue with that?
DC: No. The banks may not show up for work, but it won’t slow down the RV.
Caller: Where do you really think/feel we are for timelines, without giving anything away?
DC: Bottom line I think that in the next 3-4 days we’ll be fine. In my former life, I have learned to watch what they do, how they do it, etc. The amount of actions taken so far is overwhelming. Yes, it could be delayed, but everyone around the world is ready, ready, ready. Iraq needs this so badly, and I think everyone is ready and willing to see this now.
Caller: The NDA, is that about just keeping quiet on the rates? Or is it about currency in general?
DC: It depends. Those going through early have to sign an NDA to say nothing about the exchange at all. Exchangers don’t have NDAs. With the banks, anything above the street rate, you will have to keep quiet.
Caller: Is that just for what I get above the street rate? Or the whole currency exchange over all? Because I like to talk…
DC: You are thinking about it, and that is good. If you cannot keep a secret, don’t sign an NDA at all. I shouldn’t be a spelling teacher, because I’m bad at that.
Caller: If the PTB want to surprise everyone, they should announce this during the call.
Caller: How can Abadi make a statement to his people that when the banks open there will have new value, and now it’s ten days later and…
DC: That is why they are very frustrated in Iraq!
Caller: Can you address to structured settlements; do they apply to non-contract rate settlements?
DC: Yes, to zim, and also to dinar/dong, but the caps are outrageously high. For example, if I have 50 million dinar and 100 million dong…
Caller: Do they give you the exchange rate on the same day and then pay out those totals over 20, 50, 100 years? Or do they exchange on the day of payout. And will there be interest on what they hold onto?
DC: First, you do not reach the caps for dinar and dong. I hear there will be 1-5% interest. You are making so much money, they don’t care.
Caller: If this is exchanged quarterly, do they exchange it at the rate on that date, or do they exchange all of it at the same time, and then they pay out the totals yearly, etc.
DC: If you exchange on 4. April and the rate is $0.13, you will get the whole amount exchanged at that rate, paid out over 20 years, say. You will be taxed on that yearly amount as it is paid out.
Caller: So if you have exchanged the entire amount, you have that credit at the bank, so won’t you have to pay taxes on the whole amount?
DC: No, because you don’t have access to that cash yet.
DC: On zim they are pretty firm on structured payouts on over X amount; the rest we are not sure about, but it’s a possibility.
Caller: You spoke about the caps, but are there limits on any exchange? I thought that you said that once we hit that limit, then we can continue to make exchanges. I mean the total amount, not the dollar volume of the dinar or dong. Is the structured settlement on the zim 50 or 100 years, or do we get to choose how many years?
DC: For zim, it’s 50 or 100 years, but only 1% of people will hit that limit – it’s in the nose-bleed section. In terms of other limits, it depends on the bank. In one bank, it’s 50 million per week; another banks, it’s 25 million every three days. You will have to shop around, ask and add that into your calculations. Let’s say you get 20 million dinar at the contract rate, then you might have to continue to exchange at $4 this week, and then next week it might have gone down to $3.71, just as an example.
Caller: I read that the US did make the deadline for joining the AAIB, and then I heard that they didn’t.
DC: That doesn’t affect the dinar. The US will have to join at some point, but they are negotiating some aspects. It’s a political issue about back deals that some people feel slighted about. They could choose not to join but that is not a smart move. Some feel that it’s not sufficiently regulated, and the US doesn’t like that China controls this with their lack of transparency and human rights problems. On the other hand, if you want to be part of investment and development in Asia, so it’s probably better to be in the AIIB. I’m a free-trader, and I think anything that promotes free trade is a good thing. It doesn’t really affect us
Caller: I hear something from a friend who has been in this for nine years. He said China had signed off on the 31st and given a two-week clearance. Is that significant?
DC: I don’t believe so. I think we know why they are holding it up and it’s got nothing to do with China at all.
Skype caller: I guess we are all just waiting. Iraq should just be doing this, so there must be other forces affecting this.
DC: The driving factor is pretty clear: IMF/BIS coordinating the timing. Iraq wants this now, and IMF/BIS have given windows in the next 4-5 days. They are taking into consideration global events and issues. Some want it Saturday, Thursday, other times, and of course Iraq has the priority.
DC: It’s not the US doing this; it’s the IMF+BIS. Yes, the US has influence, but so does the Bank of England and other banks. The US doesn’t have as much authority as it did, and that continues to diminish on a daily basis.
Caller: If you had dinar, dong and rupiah and go in to exchange, if the total comes to a cap limit, will that then trigger structured payments?
DC: The zim is the one they are concerned about, and otherwise only if you have an insane amount of dong, dinar and rupiah (in that order). If you don’t want a structured payment, they will probably tell you to come back the next week.
DC: Hope everyone is doing well. Iraq is coordinating with BIS+IMF and this should go in 4-5 days. That’s what they are briefing all over the world.
That could change, so for the love of God, don’t buy any more currency, especially zim.
I know that some people don’t want to listen to the griping, but we do feel responsible, and we are trying to do what’s best for you all and for our sources as well.
We don’t want to be a problem inside the process. I hope you have a great few days (you all).