[subtle] paraphrasing Eagle1 from last nights call..."Eagle1....."all countries except US,Canada,GB &Russia were sent the GCR to banks last friday...those 4 were squabbling over some bond exchange issues that are part and parcel of the global reset...and was told that on friday night "they" were unoffically settled up and they should be able to move things forward on sunday to the forex....
On saturday night Eagle1 was advised that things were happening on the forex and traders told him that there was activity on the administrative screens ...not the trading screens,with almost all curriencies
Sunday night at 6pm all the currencies were pushed to forex incuding iqd and vnd....and they had a glitch with the cme....on saturday they were selling iraq bonds which they had been hanging on to for quite some time now.....they had to shut down the cme for 2 hours...glitch was solved...
The updated currencies then showed up on admin screens at the banks in preparation for the public rv...he received a call from Wells Fargo that all major banks had the rates...
He can't tell us when it will be offically released though....with his past experience (being an x high up in the banking realm )it does not seem logical that they would wait untill the 10th of Sept to release it....
The info the Eagle1 has been receiving is that it is imminent.....info he also received was that at the close of the Jackson Hole conference...Janet Yellen announce that the Gov't Of Iraq was seated with Abadi as the PM...
[BGG] Market dropped to 1203 today - BIG FINANCIAL NEWS...puts them well within the required 2% range.
[Now it can happen at anytime, right?] numbers wise - yes...the advertised and "market rate" can have no greater than a 2% difference and still be in compliance with IMF requirements to proceed to next status
(article 8 - international acceptance). For all practical purposes - they are there...it appears as though they are getting their financial house in order for something.
BREAKING NEWS: ZIMBABWE/CHINA SIGN NINE MEGA DEALS
Posted by EXOGEN on August 26, 2014 at 11:50am
ZIMBABWE and China yesterday signed nine landmark agreements that will see the emerging global giant from Asia providing financial support for the much-needed economic enablers in critical sectors that include energy, roads, national railway network, telecommunications, agriculture and tourism as part of the Zimbabwe Agenda for Sustainable Socio-Economic Transformation.
One of the four pillars of Zim-Asset is the Infrastructure and Utilities cluster which spells out a number of major projects to revive the economy by rehabilitating, upgrading and building key physical as well as social infrastructure and utilities to enable the turnaround of the economy and create business and employment opportunities.
Jeff Peacock August 26, 2014 at 12:23pm Mugabe Seals Deal with China
Why would China seek to invest so much $ in a country who's economy has all but collapsed and their currency is suspended? Perhaps because they know it won't be suspended very much longer and they are stocking up themselves. Inquiring minds want to know....
Kudu70 > Jeff Peacock Can you say Diamonds? Can you say Gold? Supposedly a bunch found in Zimbabwe, and China wants to 'help' them get it out by building infrastructure, etc.
Sunshine62 > Jeff Peacock You would be pleasantly surprised to do a search on the country on Zimbabwe! Shocked, to say the least
Jeff Peacock > Sunshine62 I've heard recently that Africa, particularly Zimbabwe, will be the next country to watch after Iraq. They have an abundance of resources that could outshine Iraq if they could get their political problems resolved. Perhaps China is hoping to do that and incorporate them and their wealth into the BRICS.
Sunshine62 > Jeff Peacock I just have a funny feeling BRICS will be their very first move, along with IRAQ.
Bailey2: [Arthur] We now know from the various meetings and PM Designate Abadi press conferences that the negotiations between the blocs are "positive and constructive"; especially important and positive are the ones between Baghdad and Kurdistan.
Although the seating of the COM (Council of Ministers) is an important and necessary step, the most critical element of the political and economic stability compulsory for a potential currency revaluation is the HCL (Hydrocarbon Law).
There is no way for oil officials in the provinces to rationally manage their particular sectors without this understanding between politicians and their parties therefore it would be virtually impossible to begin economic reform in earnest without this crucial contract since without it there could be no fair distribution of the countries enormous wealth potential
[Arthur] The lack of this Law has also caused a possible split between Kurdistan and Baghdad which would be catastrophic for our investment. ...