EXOGEN December 4, 2014 It’s official: America is now No. 2
There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.
It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese.
To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.
This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade.
EXOGEN : NOTE: WE HAVE TOLD YOU THEY WERE CREEPING TO NUMBER #1 IN PICTURES FOR LAST 7 DAYS
EXOGEN > NOW WHAT WILL THE IMF HAVE TO SAY ABOUT THIS (HINT HINT)
1. HOW CAN THE WORLD'S LARGEST ECONOMY HAVE SUCH SMALL VOTING PERCENTAGES..............
BRICS DETOUR-LIVE ON AIR!!!
IMF "SAVE OUR ORGANIZATION" PROCESS-ACTIVATED
Copied From Twitter:
Osso December 4, 2014 at 2:11pm JC @JCR3758 · Morning all
JC @JCR3758 · You guys are mature adults about to become very rich. It is time to stop being so negative & expect the worse. We are in an awesome position
@JCR3758: I have gotten confirmations and things are really moving forward. If you have been following my tweets you will see that everything is great
JC @JCR3758 · We have never been this close and that's s fact. Nonbelievers bye bye. No hype. The movement is Intl. Get ready to incorporate your plan.
@JCR3758: Four currencies going. Int'l rates are great. Remember to have separate bank accts for Dinar. Stop questioning the process/rollout.
JC @JCR3758 · Focus on why you are here. What are your goals/dreams? How will your life be? Don't let anyone steal your dreams! Own them, believe in them!
Bold n Courageous ZAP mentioned 4 colors in his intel... purple, green, blue, and brown. Today EXO is informing us that the TRN is be changed out in the cash drawers. Bring on the colored money!
DAZ: DO YOU "QUALIFY" TO BE A CUSTOMER?
THE TRUTH SHALL SET YOU FREE
THE TRUTH WILL ALWAYS SERVE YOU BEST...YOU JUST HAVE TO PHRASE IT SO THAT THE QUESTIONER GETS ALL HIS BUTTONS PUSHED
There is one response that could be used if questioned about your plans that is the absolute truth and would satisfy everyone no matter the eventual outcome.
"I want to buy a couple things to help my family but otherwise i want this money to last forever and im gunna need some help to do that"
TO ME...ITS UNREALISTIC FOR US TO HAVE ANY LONG TERM PLANS BEYOND THE INITIAL STATEMENT I PROVIDED.
NOT EVEN THE BANKER WOULD HAVE A LONG TERM PLAN IF HE WERE TO RECEIVE SUCH AN UNEXPECTED WINDFALL. DONT OVER THINK IT. JUST BE HONEST. PLANS WILL COME
WE ARE NOT EXPECTED TO HAVE OUR ENTIRE LIFE MAPPED OUT IN AN INSTANT. WE WILL TAKE IT SLOW, MAKE SOUND DECISIONS BASED ON SOUND ADVICE...MEASURED STEPS GAIN CONFIDENCE
A FINANCIAL PLAN TAKES EXPERIENCE AND APPLICATION THAT MANY DO NOT HAVE.....AND IT TAKES TIME.
MY POINT IS BROAD IN THAT WE JUST MUST BE CLEAR AND HONEST . THAT WE ALL DO WANT PRESERVATION OF WEALTH AND WITH GOOD ADVICE WE CAN ALL DEVELOP A LONG TERM PLAN THAT SATISFIES THAT DESIRE
GIVE YOURSELF THE TIME TO DO THAT
DAZ: TAKE THE MONEY AND SHUT UP...OR DONT. TONY AND DC WERE SPEAKING TO ALL THOSE THAT CANT KEEP THEIR MOUTH SHUT ABOUT THEIR PERSONAL EXCHANGE TRANSACTION....IF YOU GO TELL SOMEBODY, ALL YOU HAVE DONE IS PUT YOURSELF AND FUTURE IN PERIL AND ROBBED THE CONTRACT FROM SOMEBODY ELSE THAT WOULDNT...
IF YOU CANT CONTROL YOUR MOUTH....TAKE THE STREET RATE AND NEVER LOOK BACK.
THE ISSUE IS WHAT HAPPENS AT THE (YOUR) CONTRACT EXCHANGE...THE TERMS AND CONDITIONS OF THAT EXCHANGE...THATS THE THING THAT NEEDS DISCRETION.
POST RV THE WHOLE WORLD WILL BE TALKING ABOUT DINAR....NO BIGGY. ALL THOSE YOU GIFTED ARE OF NO CONSEQUENCE AS LONG AS YOU DONT DIVULGE TO THEM THE PROTECTED INFORMATION SECURED BY YOUR PERSONAL PRIVACY AGREEMENT. AND, IF THE GIFTEES ALSO SIGN A NDA...ITS ON THEM AT THAT POINT...
THATS THEIR BUSINESS. THE ONES THAT DONT SIGN AN NDA WILL TALK (ALTHOUGH CERTAINLY TO THEIR DISADVANTAGE, not smart to talk about your finances anyway)... AND IT WONT MATTER IN THE BIGGER PICTURE ..THEY CAN ONLY TALK ABOUT WHAT THEY KNOW...THEY DONT KNOW WHAT YOU KNOW. HOPE THAT HELPS A LITTLE
DAZ: ACTUALLY THE NDA IS TO PROTECT THE CONTRACT EXCHANGE PRIMARILY IF NOT SOLELY. POST RV, DINAR AND CURRENCIES IN GENERAL WILL BE THE HOT TOPIC MOVIN FORWARD.. WHEN THE WORD SPREADS... CURRENCIES WILL BE THE NEW "WORKIN MAN'S" BLUE COLLAR STOCK MARKET..
WHY DO YOU THINK THE BANKS AND THE GOV ADOPTED THE NEW RETAIL CURRENCY BANKING REGS LAST YEAR?
PEEPS WILL BE BUYING CURRENCIES LIKE THEY BUY LOTTERY TICKETS..10 BUCKS OUT OF THEIR PAYCHECK EVERY FRIDAY WHEN THEY CASH IT. WHY DID THE BANKS ADOPT NEW MCA REGS? SO THEY COULD ESTABLISH MCA ACCTS FOR THOSE BUYING THE CURRENCIES TO HOLD SPECULATIVELY. HOW DOES THAT HELP?
IT CREATES MULTIPLE NEW RETAIL INCOME STREAMS FOR THE BANKS, IT BOLSTERS THE BANKS BASIL3 RESERVE REQUIREMENTS, IT CREATES A NEW CLASS OF "SAVERS", IT ONCE AGAIN REBUILDS THIS COUNTRY'S "SAVINGS RATE PER CAPITA"....AND JOE SIX PACK GETS A SHOT AT EXPONENTIAL RETURNS WHILE BUILDING SAVINGS AND NET WORTH...
ITS A WIN-WIN FOR ALL. I SHOULD QUALIFY THOSE STATEMENTS AS MY PERSONAL CONCLUSIONS AND SPECULATIONS BASED ON MY INDEPENDENT RESEARCH
DAZ: I DONT KNOW THIS FOR A FACT AND ITS MY OWN PERSONAL DEDUCTION BUT...I EXPECT THAT IN ORDER TO EVEN SEE THE CONTRACT RATES WE WILL HAVE TO SIGN THE NDA FIRST,,,
AND EVEN IF WE DO NOT ACCEPT THAT CONTRACT AND INSTEAD OPT FOR THE STREET RATE. WE WILL STILL BE BOUND BY THE ORIGINAL NDA AS IF WE HAD ACCEPTED THE CONTRACT ANYWAY.
ITS ONLY LOGICAL. SO BE PREPARED FOR THAT POSSIBILITY TO BE PRESENTED
Frank26: There it is ............ Very Nice Basra .......... Is Mosul next? (See Article Below)
With so many Banking Laws set and these types of relationships in Iraq along with the GAS/Oil Law........... It's why IMO OIL is CASH in The GOI and CBI NOW. First for their CITIZENS then ECONOMY.
Also as I shared ......... The 2015 is not what we seek. Said ...... It is not the Holy Grail many think it is. The budget TALKS in TRILLIONS that were NEVER printed. Electronic? OK ....... But only because reserves have no ceiling . Details of THESE LAWS ...... Gazette and implementation of LAWS is what we study. Starting with the Mother of all LAWS ........ THE HCL ........ THE END.
HEY !!! ABADI ........If You Tell me MORE about the HCL and how You are using it then ........ You can borrow my abacus cause You just broke Your calculator.........
walkongstick : In the footsteps of Kurdistan: Basra constitute a body oil to negotiate with Baghdad
04-12-2014 03:32 PM
Push the oil agreement between the federal government and the Iraqi Kurdistan Regional Government, which has raised a lot of controversy in Iraq, and other Iraqi provinces to follow in the footsteps of Erbil in order to ensure their share of the oil.
Has formed the province of Basra, the largest oil producer in the country, 'the Basra oil body' to take over the negotiations with the Baghdad government on management of oil wealth in the province.
The Chairman of the Oversight Committee and the assignments in the Basra provincial council, Ahmed al-Sulaiti, in a statement, said that the Commission submitted a proposal to establish a body of the provincial council.
He stressed Sulaiti, in a statement, that the federal government, which acknowledged that the Kurdistan region of the owner of an exclusive right and absolute disposition of oil fortune, it has to Basra treated equally and given the right to decide on all matters relating to oil from the province in the negotiation and management, contracting, marketing and determine the quantities produced.
Comes the demands of Basra, which was deemed Sulaiti unconstitutional, 48 hours after the approval of the Iraqi Council of Ministers on the oil agreement between Baghdad and Erbil, which states that the Kurdistan region delivers the federal government no less than 250 thousand barrels of oil per day, within which the oil of Kirkuk, disputed between Arabs and Kurds for the purpose of export.
Congress rejected the State of Law coalition agreement and considered a waiver scary Recognizing B'cardstanah 'Kirkuk, also adopted by the coalition, Abdel-Salam al-Maliki, calling for the formation of a politically and economically independent of Basra province.
Basra is the center of the oil industry in Iraq, and is also considered one of the most important producers of fuel in the country.
It owns the province more than 90% of Iraq's oil reserves, where huge oil fields like crazy and Rumaila, West Qurna there, and most of them Iraqi oil quantities that depend on the state budget revenue is almost entirely exported.
- See more at: http://www.ikhnews.com/index.php?page=article&id=132237#sthash.yh174svw.dpuf
aggiedad77 » December 4th, 2014, 11:26 am Good Morning Family
Wow the news crew has been busy early this morning. Lots of news, but what is it all really saying.
Abadi is back home after rubbing elbows with the likes of Kerry and others.
There seems to be some concern over the final outcome of who owns Kirkuk...but for now it seems to be solidly in the hands of the Kurds.
We seem to be expecting great things in the future between Iraq and Kuwait.
I see that France is now calling itself an "ally" of Iraq....where were you....ohh never mind.
Could the Iraqi budget be settling on an oil price of $60.....should see something on that soon.
Erbil and Baghdad efforts will continue to accelerate the oil and gas law....remember it needs to show up in the Gazette, easy on the happy dances at this point....but this consolidated effort between the two is certainly doing the right thing in paving new ways for laws to be rolled out.
Reform rumbles within the CBI.....could this be the results of pushes for integrity by PM Abadi....is this the forerunner of not too distant announcements of Shabs returning to his role as governor of the CBI a role he took far more seriously than Maliki wanted him to.....in my book he would be a prime candidate....a shoo-in.
As we hear of new banking laws and reforms we see some banks wishing to expand their territories within Iraq.
There appears to be strong reasoning that along with the agreements between Erbil and Baghdad the 2015 budget will follow in quick pursuit....Abadi is saying within 10 days....I am curious as to how quickly the Parliament can act on the budget once it falls in their lap.
The Iraqis are working on a legal framework to be applied when arresting folks...how long they can be held and other details....probably getting their ducks in a row in anticipation of maybe arresting a snake or two in the coming short term.
PM Abadi forges ahead in his battle against corruption by identifying "ghost soldiers" that are believed to have been the work of Maliki's former Defense Minister, and Maliki himself.....snakes in the grass.....pushed into a corner....out comes the net and away go the snakes to have their heads cut off.
The head of Iraqi's Securities Commission is calling for the formation of a sovereign fund, basically a rainy day slush fund that can help Iraq get through tough times like they currently face....such a fund could help offset issues like the drop in oil prices today.
I can't believe I actually saw this in writing....but ISIS is actually being given some credit for the deal making between Erbil and Baghdad on the oil issues.....slap my forehead.....I stand fast on giving credit to this new government and their efforts to bring solidarity to this nation, to end corruption, and return to a mood of great integrity as a single body.....giving credit to terrorists....that makes me want to puke.....sorry.
Leading by example....remember I wrote about that a week or so ago, quoting how Chrysler Corp CEO did that by cutting his salary to $1 a year....the Iraqis are heading in a similar direction cutting by 50% the salaries of their 3 presidents, members of Parliament and applicable advisors.....if we have to make cuts for all of Iraq...well let's include all of Iraq....starting at the top.
Well enough for now.....much ado about nothing.....or everything. Yes I tend to believe or lean towards everything coming together....and I do mean everything....at long last I think the right people are in the right seats of the bus and driver actually knows where he is going. LAWdy LAWdy watch for those laws.....they are a-coming. Aloha Randy
jdtolle » December 4th, 2014, Get on with it
Life doesn’t always unfold the way you want. It can in fact be very messy, inconvenient and uncomfortable.
Get over it and get on with it. Go ahead, deal with the bad stuff, and you’ll soon be enjoying the good stuff.
Stop wondering what you can do and how you will get through. Grab hold of this moment and use it to take positive action.
You may have to get up early and you may have to stay late. You may have to get your hands dirty, and you may have to endure a little inconvenience and discomfort.
But is any of that so bad? Not when you compare it to the glorious opportunity to live your life.
Seize that opportunity every day, no matter what ups and downs you may encounter. Whatever may come, get on with it, and make life spectacular in your own unique way.
— Ralph Marston Wishing All a safe, warm and blessed day