Ishman: The Tues through Thurs Agreement Window...
Great call today. The details regarding the Tues Agreement among all of the RI / RV players seems more substantial than prior broken agreement examples with a written US acknowledgement of Iraq having met all requirements to reinstate their currency.
I listened carefully and heard Tony state repeatedly, we're in a good place, we're still in the period or term of the agreement.
I understood this to be either a Tues or a Thurs release of the RI, and we've gone through Tues.
I also heard DC state more than once, with Abadi and Shabibi in Davos until Sat, he didn't expect the release of the RI to occur while Abadi and Shabibi were out of country.
I did not clearly hear, other than early in the call an intimation, that the term of the Tues Agreement was extended through the weekend.
So I just wonder why Abadi and Shabibi couldn't attend Davos, and through Shabibi's long established relationships with Swiss bankers / SNB, release the RI while at Davos... and quietly reveal to all of the major financial players in the world, Iraq was ready to do business.
It seems to me a great vehicle to accomplish this with a personal touch. No big, worldwide announcements. The CBI team seems to have passed tests on Mon with flying colors. And I would think there will be IMF and BIS as well as UST people present at the CBI to assist with any technical issues.
So why not let the Tues Agreement go under the original Thur window, with Abadi and Shabibi working the room in the best interests of Iraq.
I would go so far as to say, if I were trying to attract business and development to Iraq, a reinstatement of the Iraq currency while Abadi and Shabibi could evangelize the world's most important financial leaders would be an opportunity to valuable to allow to pass.
Seems to me, Thur Jan 22 is as good a day as any, a day when few will expect an RI with Abadi and Shabibi out of country, and a day where other news stories will provide plenty of cover for Iraq's RI.
Tomorrow seems perfect for a bit of slight of hand... where the shock of all the financial news may settle over the coming weekend. Why not?
Zitrock: Just real Quick news ALERT -- I just got notice from my broker 22 minutes ago that my margin on the Euro futures contract will go up by 600%... all due to the ECB decision @ 745AM EST…. but thats unheard margin regardless…
We’ll see what happens…fingers crossed…could be something could be nothing or could be just anticipation for wild swing in the currency about to transpire due to the decision of Europe Central Banks…after what happen with the Swiss Central they are not taking any chances ... --in my years of trading I've never seen such an increase
Royal: Ga Zitroc , I agree , tomorrow morning in europe , holding my breath ...
Zitrock: A typical margin for a futures contract is only $500 per contract…for Euro contract that is …whatever happens the markets will be rattled tomorrow morning thats for sure !
Don A. January 21, 2015 The Swiss will not have more EU QE
G T January 21, 2015 Sounds like important Revaluation News out of Davos Started TODAY........ http://mobile.bloomberg.com/news/2015-01-21/ecb-said-to-propose-qe-of-50-billion-euros-a-month-through-2016.html
Alaska-mama January 21, 2015 at 6:58pm GREAT NEWS FAMILY !!! PT ASKED ME TO TELL EVERYONE THAT IT IS DONE.AS OF 4:00PM IMF, WORLD BANK AND THE UST SIGNED OFF !!!! SAID HE WOULD CHECK IN AS SOON AS HE COULD !!!! IT'S TIMBERTIME !!!! WE GIVE ALL THE GLORY TO GOD !!!!!
G T January 21, 2015 at 7:01pm Latest News From Davos & the status of The Forecast of the Euro Plus tomorrow's Potential D-Day at The OK CORAL (Denmark) could make the Next 24 - 48 Hrs For US (AS LONG AS POOKIE, RAY-RAY, KEISHA & 'DEM Don't Step In & Stop $HITT......As their Known to do TIME & TIME Again)!!!
backdoc » January 21st, 2015, 6:32 MMMMMM, HEEE HEEE (See Article Below)
LOOK FOR MORE TO COME WHEN CURRENCIES HAVE TO BE DEFENDED!!!!
MY GUESS IS THEY ARE EARLY AND SMARTER ! THEY WILL SELL GOLD AND HOLD DOLLARS!
AS IRAQ DETERMINES THE NEW NORMAL ON OIL PRICES IN THE WEEKS OR MONTHS TO COME "THE DOLLAR" WILL DETERMINE WHAT VALUE WILL BE BASED OFF OF NOT GOLD! DOC
walkongstick: Royal Mint sells gold bars directly for the first time
For the first time in 47 years, the Royal Mint is manufacturing gold and silver bars which are available for everyone to invest in
The Royal Mint has begun selling gold and silver bars directly to the British public today for the first time.
The bars, which were last produced by Royal Mint 47 years ago, are available to buy in several weights ranging from 1g to 100g.
Each bar bears the historic marque of the Royal Mint Refinery “RMR”.
The price of the bars fluctuates as it is linked to the constantly changing price of gold and silver. Currently, a 100g bar made of 999.9 gold costs £2,871.39 while a 1g gold bar costs £49.65.
For years the Royal Mint has sold collectible coins commemmorating special events direct to the public. Last year it began selling "bullion" coins made for investment purposes to the public – such as Sovereigns, Britannias or Lunars.
Investors can buy them through a Self-Invested Personal Pension (SIPP) or Small Self-Administered Scheme (SSAS) and benefit from their marginal rate of tax on their gold purchases.
Lisa Elward, the Royal Mint’s head of international sales, said: "The combined heritage and integrity of the two brands is an added reassurance to customers looking for a cost effective way of buying gold and silver from a trusted source."
Owning a gold bar or gold coins isn’t the only way to invest in precious metals, however. Gold coins and bars are a popular choice for people want to enjoy and appreciate them, and they can often become collectors items.
Another popular option for people with several thousand pounds to invest are exchange traded commodities (ETCs) - funds that track the performance of a commodity price. These are electronically held, so all you see is a statement online. These can also be held inside an Isa or Sipp.
Adrian Lowcock, head of investing at AXA Wealth, said: “ETCs are also more suitable as a pure investment, as they can be bought and sold more quickly. You don't have to worry about insurance or storage, although you will pay those costs. He recommends the iShares Physical Gold ETC, which tracks the price of real gold bars held in a vault in a secret location.
chacha » January 21st, 2015, THE YEAR IS 1914
This will boggle your mind; I know it did mine!
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The year is 1914 --- One hundred years ago. What a difference a century makes!
Here are some statistics for the Year 1914:
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The average life expectancy for men was 47 years.
Fuel for this car was sold in drug stores only.
Only 14 percent of the homes had a bathtub.
Only 8 percent of the homes had a telephone.
There were only 8,000 cars and only 144 miles of paved roads.
The maximum speed limit in most cities was 10 mph.
The tallest structure in the world was the Eiffel Tower.
The average US wage in 1910 was 22 cents per hour.
The average US worker made between $200 and $400 per year ...
A competent accountant could expect to earn $2000 per year, a dentist $2,500 per year, a veterinarian between $1,500 and $4,000 per year, and a mechanical engineer about $5,000 per year.
More than 95 percent of all births took place at home ..
Ninety percent of all Doctors had NO COLLEGE EDUCATION! Instead, they attended so-called medical schools, many of which were condemned in the press AND the government as "substandard."
Sugar cost four cents a pound.
Eggs were fourteen cents a dozen.
Coffee was fifteen cents a pound.
Most women only washed their hair once a month, and used Borax or egg yolks for shampoo.
Canada passed a law that prohibited poor people from entering into their country for any reason.
The Five leading causes of death were:
1. Pneumonia and influenza
4. Heart disease
The American flag had 45 stars...
The population of Las Vegas, Nevada, was only 30!!!
Crossword puzzles, canned beer, and iced tea hadn't been invented yet.
There was neither a Mother's Day nor a Father's Day.
Two out of every 10 adults couldn't read or write and only 6 percent of all Americans had graduated from high school.
Marijuana, heroin, and morphine were all available over the counter at the local corner drugstores.
Back then pharmacists said, "Heroin clears the complexion, gives buoyancy to the mind, regulates the stomach and bowels, and is, in fact, a perfect guardian of health!" (Shocking?)
Eighteen percent of households had at least one full-time servant or domestic help...
There were about 230 reported murders in the ENTIRE U.S.A. !
I am now going to forward this to someone else without typing it myself. From there, it will be sent to others all over the WORLD - all in a matter of seconds!
It is impossible to imagine what it may be like in another 100 years.