Thanks My Ladies for letting us share from your Private Chatroom
MY LADIES: AND THE SLOW DEATH CONTINUES
Greece Said to Order Creditor Payments as Banks Reopen
Greece gave the order to repay 6.8 billion euros ($7.4 billion) to creditors after last week’s tentative bailout deal, the Finance Ministry said, as Greek banks reopened three weeks after closing to prevent economic collapse'
MY LADIES: PAYMENTS ARE BEING MADE..THIS IS REALLY A HEAD SCRATCHER...
Greece gets bridge loan, and immediately spends it
Government officials have confirmed that the process of repaying $4.2bn to the European Central Bank today has begun. That means Greece will avoid defaulting on its obligations to the ECB, which would have had very serious consequences.
Greece also plans to clear its arrears to the International Monetary Fund, by sending €2.05bn over to Washington. That will cover the €1.6bn repayments due in June, which was missed as Greece staggered out of its previous bailout, plus a second payment due last week.
MY LADIES: HERE WE ARE BACK TO GERMANY LEAVING
Germany, Not Greece, Should Exit the Euro
The latest round of wrangling between Greece and its European creditors has demonstrated yet again that countries with such disparate economies should never have entered a currency union. It would be better for all involved, though, if Germany rather than Greece were the first to exit.
MY LADIES: MORE BUSY WORK FOR FRANCE
France’s Hollande Proposes Creation of Euro-Zone Government
French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.
“Circumstances are leading us to accelerate,” Hollande said in an opinion piece published by the Journal du Dimanche on Sunday. “What threatens us is not too much Europe, but a lack of it.”
MY LADIES: WE WATCHED GOLD LAST NIGHT SLIP 2.50% IN EARLY TRADING IN ASIA
Gold Is a Financial Market Dislocation Hedge: Pond
Michael Pond, global inflation head at Barclays, discusses inflation in the U.S. economy and what the drop in gold prices means for markets and inflation. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Gold bulls in retreat after spectacular plunge
Gold got whacked in the Asian trading session on Monday, plunging below $1,100 in for the first time since March 2010, and strategists say the precious metal is only headed lower from here.
The precious metal's latest leg down was reportedly triggered by speculative selling in the Shanghai Gold Exchange, catching investors off guard.
Gold The Panic Cycle is Here
Gold has opened the week in Asia with a bang – down nearly $44 at the low of $1083. This has come right on target for our Panic Cycle this week. Gold is headed sharply lower and it will break the $1,000 level and everyone will then start to look for $600-700 area.
MY LADIES: France Calls for the Federalization of Europe
History repeats because human nature never differs. I have warned that Albert Einstein was correct that you can NEVER solve a problem with the same line of thing that created the crisis. We will see that absolutely NEVER has anyone in power EVER conceded that they have been the cause of a crisis – it is always someone else. They are the people who in school didn’t do an assignment and blamed the dog for eating it.
MY LADIES: OK MOVING TO THE MIDDLE EAST...
IRAN GIVES USA THE PAPER... SLAP...STRAIGHT TO THE NOSE!
Zarif hits back at US official for ‘military option’ remark
Iran’s Foreign Minister Mohammad Javad Zarif says those who have used the language of force against the Islamic Republic after the successful conclusion of negotiations between the country and the P5+1 are incapable of properly engaging in diplomacy.
The use of force is “often put forth by those who lack the necessary capacity and capability to manage, push forward and consolidate diplomacy,” the Iranian foreign minister said.
MY LADIES: 'Gold rush' begins for Iran business
European companies see a huge potential for business in Iran and some of them have already marked out their target markets, waiting for a nod to move in.
Iran’s foreign debt is basically at zero and the foreign exchange reserve relatively large, which makes investment possible, said Stefan Karlsson, head of the country risk analysis department at the Swedish Export Credits Guarantee Board (EKN).
MY LADIES: I THINK WE ARE GOING TO THE BEST ANSWER ON SANCTION RELEIF FROM FOREX.
THERE ARE SO MANY DIFFERENT TIMELINES VERY CONFUSING AND NEED TO CONSIDER THE SOURCES, BUT IT SEEMS THERE NEEDS TO BE AN IAEA INSPECTION AND A FULL REPORT SUBMITTED TO THE UN BEFORE ANY RELEIF IS GRANTED..
LET'S JUST WATCH THEIR CURRENCY IT WILL BE EASIER.
FROM WORLD NEWS
AND INDEPTH LOOK FROM UKRAINE ON EACH SANCTION
MY LADIES: NEW DIFFERENT BETTER THINGS TO COME.. LOOK AT THESE MONEY HOUSES AND THEIR PREDICTIONS
Reuters: Iran's $ 400 billion market / stock first attraction to foreign investors
Tehran - IRNA - Reuters in a report titled "A look at international companies to the economy of $ 400 billion in Iran," he wrote, according to the agreement between Iran and six world powers, now Tkapvyy between companies and international investors in the largest economy in the region The purpose of the stock market and the Tehran Stock Exchange has intensified
PrincessDD: The UN is paving the way for lifting sanctions on Iran
Read more: http://www.businessinsider.com/afp-un-to-pave-way-for-lifting-sanctions-on-iran-2015-7#ixzz3gQrN2r1Z
Sager: Hong Kong hopes to be finance hub for China's Silk Road push: Report
Sager: Dated July 14: IAEA Director General's Statement and Road-map for the Clarification of Past & Present Outstanding Issues regarding Iran's Nuclear Program
PrincessDD: Next Test for Greece’s Alexis Tsipras: Privatization
A test of Greek leader Alexis Tsipras’s commitment to making eurozone membership work is privatization
PrincessDD: Sanctions Were Going to Collapse: The US Was Forced to Negotiate with Iran Because of Changing Global Circumstances
PrincessDD: U.N. Security Council endorses Iran nuclear deal (15 min ago)
Bandito Rox: (*) The UN Security Council approved resolution on Iran's nuclear program. Five permanent members of the UN Security Council, as well as ten non-permanent members, voted in favor for the resolution.
Sager: U.N. Moves to Lift Sanctions on Iran After Nuclear Deal
UNITED NATIONS — The United Nations Security Council on Monday unanimously approved a resolution that creates the basis for international economic sanctions against Iran to be lifted and potentially sets up an angry showdown in Congress.
Sager: "The resolution takes effect in 90 days..." Does this mean Iran cannot do international business until the 90 days are up?
PrincessDD: Good Question…… It was a 15-0 vote in favor.
NF: “ if yes, does that mean Iraq won't change anything for the 90 days.” I think no, they will proceed.
PrincessDD: I thought the condition for Iran to come to the table is that the sanctions would be removed first thing and that their money would be unfrozen in Dubai first
Sager: I don't believe Iraq's repricing is dependent on Iran's sanctions being fully implemented, although I do believe that with today's vote, this opens the floodgates for countries around the world to move full steam ahead with Iran. If Iraq was waiting for Iran's results to reprice, then I personally believe that they got their answer today.
PrincessDD: Arent we basing Iraqs repricing on Irans money being freed up with the removal of sanctions which should ultimately change the value of their rial and causing a reaction in Iraq to adjust their price as well? I think thats what we have been thinking these last couple of weeks.
Iran sanctions to lift after UN tick-off http://www.businessspectator.com.au/news/2015/7/20/politics/iran-sanctions-lift-after-un-tick
NF: I think we have been Princess but with the 15-0 vote today all that is left is the 90 days and I don't think that will stop countries from doing business with Iran at this point because it is all said and done and their money will free up and adjust soon. With this vote I would think Iraq would go ahead and proceed with the plan.
MVL: I recall Nova's post that said watching what Iran now does with their money should prompt a reaction from Iraq. I'm thinking that pipeline of theirs, for one. The financing part of it.