AdminBill: THE NEWS THIS MORNING COMPLEMENTS WHAT I BROUGHT TO YOU YESTERDAY. WE CONTINUE IN THE RIGHT DIRECTION WITH THE GOAL OF COMPLETION AS SOON AS POSSIBLE.
I HAVE RECEIVED MORE INFORMATION REGARDING THE POSITION OF THE IRAQI DINAR AS AN INTERNATIONALLY RECOGNIZED CURRENCY.
WHILE THE CURRENCY WAS INDEED "MADE AVAILABLE TO BE AN INTERNATIONAL CURRENCY" IT IS NOT QUITE YET.
THAT WILL HAPPEN EITHER IMMEDIATELY PRIOR OR AT THE SAME TIME THAT IRAQ HAS BEEN AUTHORIZED TO "GO". REMEMBER, IRAQ IS NOT IN THE DRIVERS SEAT. THEY ARE WAITING AS WELL.
EdwardK: Here's Why Buffett's Stake in Wells Fargo Is Like Owning the Hope Diamond http://realmoney.thestreet.com/articles/03/29/2016/heres-why-buffetts- stake-wells-fargo-owning-hope-diamond?puc=yahoo&cm_ven=YAHOO
Turtleisland1: RI Ties to Wall St. Exec Arrested for $95M in Fake Investments http://m.golocalprov.com/business/infographic-ri-ties-to-wall-st.-exec-arrested-for-95m-in-fake-investments
Alchemyst: Abadi is given until thursday to reshuffle cabinet to appease Alsadr !
CCSoCA: Theses clues are fun to work with. Lots of dots to connect.
For the short solution: We may be in the 2-week window (mentioned in the last letter,) following the March 22-24 timeline.
Which puts us into now through April 7 to exchange.
Stag1 had explained it very well with Forest Gump segment: "...tried to figure out Dr Clarke Imo fun seat bleachers is LT DAN on top seat of boat during storm- stay on course- all other boats went in for cover they stayed on course and hit the mother load of shrimp. fimnally he said to watch the movie asap then ASAP.
IMO I think today might be the day Also Kuwait rv on a wed"
Harambe: US Dollar heads for worst quarter in 5 years
Harambe: The question is ... why is the FED moving in a direction that will weaken the US Dollar?
Frankieg: the country with the weaker dollar has better trade value.
Herekemiah: the dollar is (or has already) lost it's dominance, so less desirable, so less valuable…. perhaps they want to take some of the 'shock' out of the adjustment, we're the second largest economy in the world, they might not want to set off a panic with a sudden drop, all that assuming they actually give a darn about us... which I'm not sure they do
Harambe: Herekiah ... I agree .... Maybe I was expecting a more sudden decline, instead of the gradual decline in the US Dollar.
MARCH 30TH CALL / GERRY MAGUIRE
3:30 PM EST:
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AJM: I brought this in after midnight: Hey! Is this the Jack Lew announcement? http://mobile.nytimes.com/aponline/2016/03/29/us/politics/ap-us-currency-redesign.html?_r=2
Emerging Market Currencies Have Best Month In 18 Years As Yellen Buoys Sentiment
Submitted by Tyler Durden on 03/30/2016 07:27 -0400
wmawhite Article quote: "...It is noteworthy in several economic studies that sector private and through international experiences have achieved successes in achieving the goal of development in countries that have faced the same difficult circumstances and Ahaha Iraq Overall, economic ones in particular..."
Folks, when you see "private sector"...those words are describing exactly what we are waiting for.
Rual12: instead of all this loan stuff why don't they just RV? If they are not ready now or in a month or so I believe (IMO) they won't be ready to RV for a long time.
Samson: loans are still needed for Iraq to rebuild and also Frank posted yesterday the loans are also not for the RV but for the money to support whatever rate they deem as the new reality rate for the iraqi dinar. Its not so cut and dry where a country can just RV themselves into wealth and thats it you need money to back your currency and assets their is a process and steps to be taken and yes that requires loans and a lot of money with support from the IMF and world bank.
Lexi: I was thinking on the article on the last thread about the IMF. The article called its assessment if you will an END OF MISSION. Frank I remember those words back several cc's ago you said they are calling it END OF MISSION. Thanks Frank and I like those words! Please God let it be just that and I pray in a timely manner
Doodlebug: International Monetary Fund declares conceived after 12 days in Iraq and two Ijmlh
Twilight News / tote head of the IMF mission to Iraq Jooz Christian on Tuesday, the organization "Daash", and continues to decline in crude oil prices, is responsible for the depletion of Iraq's economic resources.
Jooz said after the conclusion of the IMF mission's visit to Iraq after 12 days of talks (interesting symbolism here!! with the #12) with Iraqi officials, "The economic situation in Iraq has been traumatized as a result of armed conflict and oil, especially in the balance of payments and income from the general budget."
And it made bilateral meetings between representatives of the Iraqi government and the Mission Fund, progress in reaching an understanding on economic and financial policies, which can be supported through financing "loan." [more evidence that the loans are for GOOD in the monetary reform process]
The IMF mission will work in the coming period, according to its statement, to help Baghdad in the debt burden and measures to protect the poor, and the introduction of reforms in the public finances and improve the quality of public spending.
According to the International Monetary Fund, the rise in oil production it has resulted in areas controlled by the Iraqi government to reduce the decline in the local economy, but the gap in the balance of payments of up to 5.1% of the deficit in GDP.
Iraq relies budget by about 85% on oil revenues, prices of which have fallen about 70% since mid-2014, which is trading at a mix "Brent" the world below $ 40 a barrel currently.
This shrank real GDP in Iraq by 2.1% over the past year, due to the conflict with what is known as organized "Islamic State" terrorist outlawed in Russia, which led to the aggravation of deteriorating infrastructure and disrupt the movement of trade and declining investor confidence.
At the end of last year, in 2015, caused a decline in Iraqi financial revenues, a drop in the country's foreign exchange reserves, worth $ 13 billion, to reach US $ 54 billion.
Naphtali: Encouraging article to what I am seeing and thinking. Thanks for sharing