OilRat January 18, 2015 at 2:08pm Copied From Twitter JCR3758 TWEETS, 18 JAN
JCR3758 :Have the troops enjoy the weekend. Expecting a hectic week full of changes.
JCR3758 :Enjoy your weekend!
JCR3758 :I am hearing that all parties are focused on releasing it when CBI/GOI give the word. There is a definite window for this & it won't be long.
Iko Ward : Guys, what normally happens on Sunday evening at 5PM EST is the Tokyo markets open and about an hour later Forex posts it's first pairings. But today ain't gonna be normal. More like the opening kick-off at a Super Bowl.
Already Blessed: IKO - SHOULD BE VERY EXCITING!
Iko Ward: Here's another interesting tidbit. 60 days ago I deposited a residential installation of a Bloomberg Terminal (sophisticated hardware and software to monitor markets). I have been dreading a phone call from the rep saying its ready and when would I like them to come? He called me Friday to apologize because they got SWAMPED with orders from existing customers who take priority. Now why would all these people suddenly want terminals in their homes?
Normanros: Iko ward so u think later when markets open its gonna be different?
Iko Ward : Norm, if it isn't different I'll be shocked. Though they may be holding off for the U market to open tomorrow at 8AM EST.
Iko Ward: So here it is, guys. I will start monitoring Forex at 5PM EST. We'll start with the base point and then monitor chafes in the Dinar, Dong and Rupiah. In addition, I'll monitor various other G20 currencies and note any changes.
Revjoe: Has everyone seen this about Obama wanting to raise the capital gains taxes, etc. The president will also call for closing what the officials called "the single biggest loophole in our tax system today: ... the trust fund loophole," which allows portfolios and estates that increase in value to evade certain taxes when passed on to heirs.
Poppy3: I WOULD NOT CASH ANY AT .10 ...NOT A ISSUE ANYWAY THATS NOT AND WOULD NOT MEET ANY OF THEIR NEEDS AND THEY ARE TOO BOISTEROUS NOT TO WANT TO BRAG THEY HAVE THE MOST VALUABLE CURRENCY.
Chattels: The budget is all but done...? it may be the 20th something of this month, but it seems to be more of a formality.
iggy "Brokers found themselves unable to trade because of the unexpected volatility and the fact that some big banks stopped quoting rates for francs."
interesting...30% rise did this...wonder what a 1000% to 3000% rise would do...
Toyvp: Hey Iggy what if we see it as the beginning of the Global Currency Reset and here we thought the IQD was going to be the beginning
Iggy: very well could be my Brother...i guess they had to start somewhere...
Pappa-J: TVP, Really is there any way else to see it? right before our eyes--- they have--
IMO, as I stated before, the franc was a test to the market to see primary events down into the depths of market actions and reactions which has allowed for softening of the market for parity which allows the big players the ability to ride in the same car in the roller coaster not in ones separated that would cause some to be going up the last hill, some on the down hill side--- that may get out of control and crash---- some in the bottom of the hill where the ride is flat and smooth, which is exactly what happened with the Franc surprise actions to the world (not to the imf).
This action with the franc will allow for monies to be moved to shore up anticipated trouble spots, decreases fear in the market so they won't over react---Jordan snb gov. just stated that today so he is going to reduce the franc down to 1.10 usd value which is lower than it started--- parity for them shows up now just like it did for the euro. and the usd all we need to see now is the==== GBP ( how's that 26?:-)===== drop to parity and all of the major players in Europe will be accounted for.
MARKET SHOCK IN EUROPE AND US ACCOUNTED FOR SIR---- PRESENT AND READY FOR DUTY!!!!!!
WEEEEEE -we all get to ride in the same car on the roller coaster!!!!!!!!!!!!!!!!
I think this swiss proto type deal is and has taught the market a thing or two---- at least i hope so!!!!!! if not the car could be derailed. JUST ME THINKING OUT LOUD AGAIN. PJ
walkongstick : Iraqi commission names corrupt ex-ministers; $330 billion missing
By RUDAW 1 hour ago
BAGHDAD, Iraq – An Iraqi commission investigating huge corruption in the war-torn country named three former ministers and 53 senior officials in its findings, saying that a whopping $330 billion of public money remains unaccounted for.
The Iraqi Commission of Integrity (CoI) charged that former defense minister Hazm Shalan, ex-electricity minister Aiham al-Sammarae and former trade minister Abdul-Fatah Sudani were involved in graft during their tenures. It named 53 other officials involved in corruption.
At an annual press conference in Baghdad where the CoI reported on its work for 2014, the commission said it had investigated 17,616 cases of official corruption since its inception in 2004, and that 9,147 cases were probed last year alone.
It added that 4,129 corruption cases had been submitted for legal action, and that total funds missing from government coffers amounted to $330 billion.
Some of that money has been transferred outside Iraq, the commission said, vowing that all of the missing funds would be recovered.
The CoI did not investigate cases in the northern Kurdistan Region, which has its own autonomous government, or in Mosul and Tikrit, which have been under Islamic State (ISIS) control since the cities were captured by the insurgents in June.
The commission said that only 53 of 328 Iraqi lawmakers had returned forms declaring their assets, and that other high ranking officials who had failed to make the same declarations included the Iraqi vice president, the prime minister and eight ministers.
Corruption and nepotism remain huge problems in Iraq.
Iraqi Prime Minister Haidar al-Abadi has said that $45 billion are missing from last year’s national spending.
The impact of nationwide graft became apparent when the Iraqi army, which was built at a cost of billions after Saddam Hussein was ousted by US-led forces, collapsed in June before an onslaught by insurgents fighting under the ISIS banner.
The humiliating defeat revealed the existence of huge corruption within the military, where salaries were being paid to fictitious employees.
In an interview published by Rudaw early this month, Iraqi Finance Minister Hoshyar Zebari said the military was not the only place where corruption existed.
“There are a great number of them (ghost employees) in the Iraqi army and the ministry of interior. They also exist in the ministry of Peshmerga,” he said. “The ministry of defense has started carrying out some procedures to eliminate this kind of corruption. It has been decided to make everyone receive his own salary in person instead of lists,” he added.
Abadi fired 26 senior officers last month in a major shakeup of the military intended to restore public trust in the army.
A statement posted on the prime minister’s website said the shakeup was part of efforts to reinforce the work of the military on the basis of professionalism and fighting graft in all its forms.
The Associated Press quoted a government official as saying the sackings followed the findings of a probe carried out by an investigator appointed by Abadi to probe corruption in the military.
Iraq ranks globally among the world’s most corrupt countries.