Rick March 26, 2015 at 10:04pm
IMF 'Plan B' on reforms could slash US power
Washington (AFP) - Washington's block on crucial IMF reforms has pushed the crisis lender into discussions of other options, with one proposal potentially slashing US voting power nearly in half, AFP learned.
Talks on "Plan B" have emerged because patience has run out with the US Congress' failure to ratify the 2010 reforms originally strongly supported by the White House.
The reforms would both realign the power of members on the IMF executive board, boosting emerging countries like China and India, and double the capital resources the bank uses to support countries in financial crisis.
Brazil's executive director at the IMF, Paulo Nogueira Batista, has outlined a plan to "delink" the two components of the reforms in a way that could allow them to go ahead without requiring the US Congress to approve them.
"The link between these two elements is unnecessary as each pursues independent objectives that can be delivered separately. Delinking them would require the support of the US administration but not ratification by US Congress," Batista said in the proposal.
"The delinking proposal is constructive and simple and could clear the way for the continuation of the IMF reform process."
The Brazilian plan would first advance the modest realignment of power as planned since 2010 by giving emerging countries more seats on the executive board at the cost of Europe.
That proposal was long-accepted by the White House, but blocked by Congress.
After that happens, the resources increase could also be enacted separately, relieving the IMF's dependence since the financial crisis on borrowed funds.
That could challenge Washington's dominant role in the Fund since it was established in 1945.
Because contributions to IMF resources determine a country's voting quota, if Congress still does not give its support, its quota could fall from 17.7 percent to 9.8 percent, according to Batista's plan.
That drop is significant because major IMF board decisions require 85 percent of quotas in support, giving the United States unique veto power.
Batista allows that a deal could be done to allow Congress time to reconsider and endorse the resource increase, restoring Washington's veto.
"With carefully chosen language such decisions can provide adequate assurances to the US Administration that the delinking option would preserve, de facto, its veto power over decisions requiring 85 percent," he said.
"In the meantime, Fund members able to consent to their quota increases would be allowed to replenish the Fund’s permanent resources."
LINK - http://news.yahoo.com/imf-plan-b-reforms-could-slash-us-power-042340737.html
EXOGEN March 26, 2015 at 10:02pm
HERE IS ONE OF THE DOCUMENTS FROM WELLS FARGO. THESE ACCOUNTS WILL BE USED AT EXCHNAGE..........................HAVE YOU TAKEN THE TIME TO READ THIS YET? ITS 38 PAGES
Nana March 26, 2015 at 10:22pm Dare I post an update to my intel from last night? This board has been scary today so I have been keeping my head down . . . I just spoke to my contact and was told "The IMF is fully in charge and will announce the RV of the IQD tonight . . ." Again, nothing was said about the GCR but it stands to reason that it will follow shortly thereafter. Please don't shoot the messenger . . . Blessings!
DinarGrubber > It seems Zap now gets his intel from Nana! LOL
IP > DinarGrubber He certainly does! :-)
Nana: "I only pray that it is so! The provider of it is the real deal so it is very possible. Blessings to you!"
wilbur grodan March 26, 2015 at 11:50pm MARKET ACTION this week is picture perfect for TONIGHT!!!
ku March 26, 2015 at 11:09pm
SOME FACTS CONCERNING IRAQI DINAR
Starting 9/17/03 and continuing for 2 months there were 27 747's with 9 tons of newly printed Iraqi Dinar,each, arriving in Baghdad. They arrived from England Sri Lanka, Kenya, Malta Germany and Spain where they were printed by the De La Rue Company under a contract for 120 million dollars. This is the only currency that has been printed and stories that the U.S. gave printers to Iraq to over print Dinar are patently false.
All serial numbers of Dinar in government control, dealers and in country are documented and the currencies controlled by the Central Bank of Iraq. The Iraqi government has allowed the sale by dealers, this allows wide distribution and easy monitoring of SN's.
The ability to track SN's allows that all thefts of Dinar are easily made worthless when known. This is what Kuwait did to Saddam after he stole huge amounts from their banks. This is also what they will do to the currency stolen by ISIS. If the currency is retrieved it can be destroyed or reissued and be as valued as when it was printed.
The currency bought through Dinar dealers, sanctioned by UST and Iraq, will be valid and redeemable at the time of the RV/GCR. The counterfeit problem with the new Iraqi currency, according to Hugh Tant III who was the ICE (Iraqi Currency Exchange) manager, is extremely difficult and has not presented a problem thus far. The old Saddam currency was poorly made and 1 in 100 bills was counterfeit.
The only note that has been phased out is the 50 Dinar which can be exchanged 1 for 1 for higher notes. Do not be shaken by disinformation, your currency will exchange just the way it has been designed to do.
I hope this presents a little clearer view. Do your own research and I think you will find this information valid.
[ChildOfGod] 3-26-2015 Millionday THE ENTIRE INTERNATIONAL CODING SYSTEM HAS BEEN REDONE AND IS BEING PRESENTED AND SHOWN TO ARAB REGION ON SATURDAY AND PARLIAMENT HAS THE HUGE LAWS ON THE TABLE THIS WEEKEND FOR SECOND [READING] –
THAT PREPARES THEM FOR ACTIVATION THROUGH VOTE WHEN THEY ARE PREPARED. THE SECOND READING OF MOST SHOULD BE SAT ACCORDING TO AGENDA ---
AND THEN WHENEVER THEY ARE PREPARED THEY WOULD VOTE THE NEXT MEETING.
GlobalTravelor: Any thoughts on post that the currency is oversold?
Jim 24874: Guys, I think I'm one of the very first dinarians because I was on the ground when the airplanes landed with it all. It does not make any difference who owns the dinar or how much they bought.
There is only so much and the dinar that is being bought is the dinar that other people are selling back. There is only so much and who owns it or how much makes no difference.
And being retired Air Force and being around when the German Mark revalued and a lot of people got wealthy, I started telling everyone to get some because soon it would revalue and they in turn would get wealthy.
Earthfirst: Our First Bank Story From a Friend
Finally we got a bank story from someone we know personally.
A good friend of ours who is invested was talking to a friend of his who has had dealings with Chase bank over the years. The friend decided to call her contacts at Chase to inquire about the Dinar.
She was put in touch with a wealth manager who actually did a screen share with her and took her to a bank website on her computer where he logged her in and showed her the screen where it said in large red letters,
The Iraq Dinar is to revalue soon.
He said this was about 3 weeks ago. He also told her there would be an 800 number different then their normal one for people to call in for appointments.