AdminBill: TODAY IS NOT YOUR TYPICAL MONDAY SO FAR. GOOD AFTERNOON WSOMN.
SHOOTING UP TO 100 TODAY IN UTAH VALLEY. TAKING THE EARLY PART OF THE DAY FOR YARD WORK.
WE HAVE HAD SOME POTENTIALLY VERY GOOD INFORMATION THAT HAS COME OVER FROM OM AS WELL AS BITS AND PIECES OF NEWS.
ALL IN ALL THERE IS NOT ENOUGH TO FORM A SOLID OPINION BUT THERE IS ENOUGH TO PRODUCE A GASEOUS UNFORMED AND LESS THAN RELIABLE RUMOR THAT WE MAY BE LOOKING AT THE 29TH.
ONCE AGAIN, THAT IS ONLY A RUMOR TO THIS POINT.
Zzzzzzzz: I think everything at this point should be considered a rumor until it actually happens!
TurtleIsland1: We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment.~~http://4closurefraud.org/2016/07/25/nightmare-on-wall-street-republicans-democrats-agree-on-reinstating-glass-steagall-act/
Zimmer: About a month ago or so I was talking with my loan officer about GCR and this wasn't the first time I've tried to convince her about buying foreign currency. She's still not convinced about it.
Anyway, during this lengthy dialog I said "I bet you have some new US treasury notes in your vault and you were probably told not to talk about it".
She was nodding her head yes in agreement but when I made the remark about its supposed to be confidential, she immediately changed her demeanor to the tone of something like, yes we've heard about that.
So, it went from me catching her off guard and agreeing with me, confirming to what I'm talking about, to backing off and giving a neutral non agreement answer.
To me, that day, was my own confirmation about the new US notes. We've been told before on numerous calls about the reality of them and their existence.
I'm just an average person without contacts or guru status so I can't/don't bring any Intel to the masses, its a true story and I wanted to share it.
rcookie Article quote: "ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION"
SO...THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]..
Tishwash: Statement by U.S. Treasury Secretary Lew at the G-20 in Chengdu, China
CHENGDU, CHINA – I would like to begin by first thanking our Chinese colleagues and the city of Chengdu for their gracious hospitality in hosting these important meetings.
During the last two days I underscored the fact that the United States remains a source of strength within the global economy, with real GDP more than 10 percent higher than its pre-recession peak. Solid growth in consumer spending during the second quarter combined with a strong labor market report in June suggests that the U.S. job market remains healthy.
There was considerable discussion of the outlook for the global economy, particularly in the wake of last month’s referendum in the United Kingdom. There was a broad agreement that financial markets remained orderly and that financial reform had added important resiliency to financial institutions. Overall, the general sense was that the outlook remains uncertain, with a continued shortfall in aggregate demand.
At the meeting of the G-20 Finance Ministers and Central Bank Governors in Shanghai five months ago, we committed to use all policy levers – monetary, fiscal and structural reforms – in an effort to boost global growth. And importantly, this weekend we pledged to reinforce that commitment while also emphasizing that the benefits of growth need to be shared more broadly within countries to promote an inclusive and shared prosperity.
We also reaffirmed our solidarity and resolve to fight terrorism in all its forms and wherever it occurs and strengthening our efforts to prevent the financing of terrorism. And we continue to make progress on climate finance strategies that would advance implementation of the Paris Agreement, and we encouraged all parties to bring the Agreement into force as soon as possible.
Notably, there is now broad consensus that what the global economy needs is growth – not austerity – and the discussions here have focused on how best to achieve that outcome, with an emphasis on the need to individually and collectively employ all three policy tools to achieve strong, sustainable, balanced and inclusive growth.
We also reiterated the important commitments that were reached in February to consult closely on exchange rate policy and refrain from competitive devaluation. During this period of modest global growth amid downside risks, it is particularly important that there is no perception that major economies are boosting their growth at the expense of others.
Excess capacity in steel and other industries has distorted important global markets, and we collectively decided to enhance communication and cooperation in this area and take effective steps to address this challenge. This is an important step forward as we seek global approaches to confront the issue of excess capacity, a result of structural misallocation of resources that also negatively affect trade and workers worldwide.
We recognized that the issue of refugees is having a significant impact on countries across all regions and income levels. We support efforts by international organizations, such as the World Bank, to develop effective responses to help to support refugees and their host communities. In this area, I particularly look forward to further work to finalize a Global Crisis Response Platform by the World Bank.
And finally, in the wake of the referendum in the United Kingdom, I discussed with my counterparts in Europe and the UK the need for negotiations to take place in a smooth, pragmatic, and transparent manner, and that a highly integrated relationship between the UK and the EU is in the best interests of Europe, the United States, and the global economy.
Again, let me thank our Chinese hosts, and say we look forward to returning to China in September for a successful Leaders Summit in Hangzhou. With that, I'm happy to take a few questions.
Emailed to Recaps:
“Europe is extremely sick', says Deutsche Bank chief economist
Brussels urgently needs a €150 billion bailout to begin a major recapitalization program for its banks, according to Deutsche Bank’s David Folkerts-Landau.
The world's oldest bank Monte dei Paschi headquarters in Siena, Italy © Stefano Rellandini Italian 'zombie' banks put EU financial system at risk
In the aftermath of UK’s Brexit vote, the focus of attention has switched to Italy’s banking sector, which has accumulated €360 billion in bad loans, and growing.
A former member of the ECB executive board Lorenzo Bini Smaghi, and now chairman at Societe Generale, has warned the banking crisis in Italy could spread to the entire EU.
“Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident. I’m no doomsday prophet, I am a realist,” he said in an interview to Welt am Sonntag. Read More at :