Thanks My Ladies for letting us share from your private chatroom
MY LADIES: OH MY GOODNESS....HERE IT IS ...TIMBER!!!
IMF stuns Europe with call for massive Greek debt relief
'There would have to be a very dramatic extension with grace periods of 30 years on the entire stock of European debt,' the fund says
The International Monetary Fund has set off a political earthquake in Europe, warning that Greece may need a full moratorium on debt payments for 30 years and perhaps even long-term subsidies to claw its way out of depression.
"The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date,” said the IMF in a confidential report.
Greek public debt will spiral to 200pc of GDP over the next two years, compared to 177pc in an earlier report on debt sustainability issued just two weeks ago.
The findings are explosive. The document amounts to a warning that the IMF will not take part in any EMU-led rescue package for Greece unless Germany and the EMU creditor powers finally agree to sweeping debt relief.
This vastly complicates the rescue deal agreed by eurozone leaders in marathon talks over the weekend since Germany insists that the bail-out cannot go ahead unless the IMF is involved.
The creditors were aware of the IMF’s report as early as Sunday, yet chose to sweep it under rug. Extracts were leaked to Reuters on Tuesday, forcing the matter into the open.
LM: WOW! Thats huge Mary! Thanks for all the great news!
IQD NOVA: ML WE TALKED ABOUT IT ON THE CALL WEEKS AGO !!!!!!!!
MY LADIES: I KNOW I...I JUST LOVE TO SEE OUR TALKS TURN UP IN PRINT LOL...
PrincessDD: Gold flat as traders wait on Greek Parliament, Yellen testimony http://www.marketwatch.com/story/gold-flat-as-traders-wait-on-greek-parliament-yellen-testimony-2015-07-15
And there you have it
IQD NOVA: THE COST OF MONEY HAS GONE UP 100% IN THE FIRST SIX MONTHS OF 2015. WHEN THE FED MOVES RATES PEOPLE NEED TO HOLD ON!!
E.D: On 7/15/15, at 8:34 AM, iqdnova wrote:> NOW WHY ON EARTH WOULD A NUKE DEAL IN IRAN HELP BANKS IN IRAQ.........
Lifting Sanctions ??? (think) Please help with this simple question you asked Nova ,, Thank you
Sager: They'll be making mo' money mo' money no' money!
MVL: Nova, I think the Iranian talks affect the banks because it's all about money. Close to a quarter-trillion in Iran cash assets gets freed once the UNSC signs off on the "nuke deal", if I'm following this correctly...?
[6:51 AM] MV: <<< Good morning, all. Hmm. Another one over the center-field fence for Martin Armstrong. All part of the process, I think. And don't forget, Barry appointed Christine to this job...to do his bidding.
MY LADIES: OK SOO LOOK HERE I HAVE TO MAKE A POINT CLEAR…WE READ AND STUDY ARMSTRONG AND HE HAS GREAT INSIGHT AND IS ONE SMART COOKIE BUT…..HE DOESN’T WALK ON WATER EITHER!
THE POSITION HE IS TAKING ON THE USA ISOLATING RUSSIA IS BEHIND THIS DEAL IS SOMETHING I DO NOT AGREE WITH. BASED ON ALL THINGS WE STUDY AND THE BRICS AND THE NEW SYSTEM I THINK RUSSIA IS A BIG PART OF IT.
IN MY HEAD WE HAVE IRAN/USA AND WE HAVE RUSSIA/IRAN AND WE HAVE CHINA/RUSSIA, USA, IRAN, AND THE UNDERWEAR SWITCH CONTINUES BUT I’M SURE RUSSIA IS A PART AT THE PLAYERS TABLE TOO.
JUST WANT TO MAKE MY POSITION CLEAR ON THAT. WHILE WE STUDY MANY THINGS II DON’T THINK EVERYONE CAN KNOW EVERYTHING, NOT EVEN ARMSTRONG.
HIS ECONOMICS AND HIS STUDY OF ALL THINGS FINANCIAL I WILL BOW TOO, BUT HIS OPINIONS OUTSIDE OF THAT ARE SOMETIMES IN THE EXTREMES.
PrincessDD: Germany suggests Greece issue IOUs domestically
Princess DD: <<< Wow this guy cant seem to keep a finance minister!!
Greece bailout: Deputy finance minister Nadia Valavani resigns ahead of crucial vote on reforms
MY LADIES: WOW…MY GOSH…I READ THIS AND MY HEAD JUST SWIMS…I KNOW THERE IS A PURPOSE THERE ALWAYS IS, BUT THEN THE HUMAN SIDE KICKS IN AND I THINK MY GOSH I HOPE THEY TELL BRUSSELS TO SHOVE IT!!
THIS COUNTRY IS GOING TO HELL ON GREASE POLE AND THE ONLY THING THAT CAN MAKE IT WORTH THE PAIN IS TO EMERGE ON THE OTHER SIDE FREE FROM IT ALL.
THERE IS LESSON IN EVERYTHING, OR AT LEAST I ALWAYS LOOK FOR ONE. AND THIS ONE I HOPE TURNS OUT OK FOR GREECE.
THE IMF VOICING THEIR OBJECTIONS HAS JUST TURNED THE HEAT UP ON THE EU A BIT. THIS IS GOING TO BE INTERESTING TO WATCH AND HISTORY IN THE MAKING HERE TOO.
THIS IS THE CRACK WE HAVE BEEN WAITING TO HEAR I THINK, IT’S GAME OVER IN EUROPE NO MATTER WHAT GREECE DOES.
BUT I THINK THE SACRIFICE GREECE WILL HAVE TO MAKE TO CAUSE THIS CRACK SHOULD BE REWARDED SOONER THAN LATER WITH THEIR FREEDOM FROM ALL THIS DEBT.
Sager: Great article: Iran Deal is a Gold Rush for Global Business
Yesterday’s agreement to lift economic sanctions on Iran in return for a 15 year period of controlled and verified nuclear technology development could be a big win for businesses in all sectors. Leaving aside the political and military implications, the deal means above all that 79 million accessible, experienced consumers may suddenly be ready to buy nearly everything needed for a modern economy. Consumer products will certainly benefit, but so too will healthcare, durables and of course industrial and civil infrastructure as the entire Persian world refurbishes itself after years of economic isolation.
Pent up Demand
The Wall Street Journal this week published a brilliantly researched article on business opportunity in Iran citing examples including Apple, General Electric, Coca Cola, Boeing, Bayer, PSA Peugeot-Citroen among others. At the company level, each of these represents substantial incremental sales, but at the macro-market level Iran is a real prospect for nearly all businesses with a decent supply chain organization.
Bandito Rox: The Photo is over the top!!!
Baghdad Investment: Opening of Entertainment City Sinbad on Thursday
Under section: economic Dated: July 15, 2015 LINK
MY LADiES: YEP BANDITO WE HAVE AN IMAGE OF DEATH AND DESTRUCTION FOR IRAQ..
LAST MONTH I TOOK THE ROOM ON A PHOTO TOUR OF IRAQ..AND SHOWED THEM ALL THINGS AMAZING IN IRAQ.
THIS THEME PARK IS ONLY 1 OF 7, AND THEY ARE AMAZING,
WE NEED TO SENSOR WHAT WE SEE IN PAID MEDIA SITES SOMETIMES REMEBERING THAT THEY HAVE AN AGENDA TOO.
THIS PARK LOOKS SIMPLY AMAZING AND THEY STILL HAVE 2 MORE PHASES TO BUILD.
MY LADIES: OK I NEED A LITTLE HELP HERE PLEASE..
IN EVERYTHING I KNOW AND EVERYTHING I READ I CAN NOT SHOW THE RIYAL EVER BEING ABOVE 0.20 TO THE DOLLAR, YET SOME HOW THE NET HAS IT IN THEIR HEAD THAT THE RIYAL WAS OVER 3.00,
AM I MISSING SOMETHING?? CAN SOMEONE HELP ME OUT WITH THIS IN THEIR SPARE TIME PLEASE..
PrincessDD: im not even seeing that! It only goes back to 2005
and there is this
it goes back to 1999…..where did you find 0.20?
The rial was first introduced in 1798 as a coin worth 1250 dinar or one eighth of a toman. In 1825, the rial ceased to be issued, with the qiran of 1000 dinars (one tenth of a toman) being issued as part of a decimal system. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars.
RIGHT THERE, IN WKIPEDIA
MY LADIES:: AND SO IT BEGINS IN A VERY HUSHED VOICE...
US removes shipping sanctions on Iran
PrincessDD: Wow does this mean what I think it does?
Iran, Germany to boost trade ties once sanctions lifted: Envoy
Iran and the six powers also agreed that all economic and financial sanctions against Iran will be removed through a Security Council resolution . In addition, all bans on Iran’s Central Bank, shipping, oil industry, and many other companies will be lifted and billions of Iran’s blocked revenues will be unfrozen.
MY LADIES: HUMMM I DON'T SEE UNITED STATES CONGRESS ANYWHERE!!
The Islamic Republic of Iran Shipping Lines and the country’s leading ports operator, the Tidewater Middle East Maritime Company, have been removed from the US list of companies designated for sanctions and assets freeze.
The removal came after officials from Iran and P5+1 sealed a historic nuclear accord on Tuesday.
The names of 16 shipping executives, including IRISL Managing Director Mohammad Hossein Dajmar, and their companies have been delisted along with the related firms, the IRNA news agency reported.
PrincessDD:They got left out and probably for a darn good reason. (chuckle)
Well that is awesome news. Great find ML! (clap)
LM: Are we thinking we’re waiting for the UN resolution to remove “all economic and financial sanctions against Iran” before we see the re-pricing of Iranian and Iraqi currency? Or could we see it sooner? Just opinions please (think)
MY LADIES: LM THEY NEED SANCTIONS ALL LIFTED TO GET THEIR CURRENCY BANK AND HAVE SWIFT TURNED ON.
THIS HAS BEEN PRESENTED TO THE SECURITY COUNCIL AND IT LOOKS LIKE 7 - 10 DAYS THEY SHOULD LIFT THEM
I HAVE PLENTY ON IT I'M GETING TOGETHER NOW...HOLD ON
PrincessDD: So they already had the SWIFT turn on last week?So we are missing something?
MY LADIEs: NO NO NO NO..THEY GOT PLUGGED BACK IN TO SWIFT LAST SATURDAY...
Iran’s Larijani rejects gradual sanctions relief in nuclear conclusion
The claims by certain officials of the P5+1 countries that sanctions will be phased out is probably their own wishes because the text of the conclusion does not indicate such a thing, Larijani said during a session of parliament on Wednesday.
Larijani said that such claims are aimed at solving the internal problems of those countries.
Following the conclusion of the talks on Tuesday, US President Barack Obama said in an address from the White House that sanctions relief would be gradual for Iran.
This comes as, President Hassan Rouhani said in an address to the Iranian nation following the conclusion of the talks that all sanctions imposed on Iran, including the financial, economic and banking ones, will be fully lifted and not suspended on the day the agreement begins to be implemented.
VERY WELL STATED I THINK....LOL...LOL...
Blessed153~Texas. Sister: <<< But the shipping ports are off the list.... So what day are they "implementing"?
MY LADIES: YEP SEEMS LIKE THEY ARE DOING MANY THINGS IN THE DARK...AND THE DAY I WOULD SAY WOULD BE THE DAY THE SECURITY COUNCIL MAKES THE DOC OFFICIAL...AT LEAST ACCORDING TO WHAT WE'RE READING
Princessdd: Well don't they have to now that Obama says it's a done deal?
MY LADIES: LET THE DOGS KEEP RIDING THE PONIES...WE DON'T CARE...WE FOLLOW THE MONEY
PrincessDD: We may see them stamp it and put a bow on this thing really quick
MY LADIES: WE SURE CAN HOPE SO...