Thanks My Ladies for letting us share from your private chatroom
Memphis: ML: " ARE THE TARIFFS AND TAXES BEING IMPLEMENTED A SIGNIFICANT STEP IN THE MONETARY REFORM? WHY OR WHY NOT?"
There are many markers that will point to the end stages of Iraq's monetary reform and among them is implementation of the tariff on all goods. I have been watching the latest push as it APPEARS they are serious this time. Now as to why?
The WTO has placed it as a requirement to membership and along side this the WTO has also mentioned their interest in seeing the dinar valued more on par with the USD.
So I have always viewed it significant as a marker that the end is near.
MY LADIES: HUMMM FANTASTIC MEMPHIS THANK YOU
SO WHERE ARE WE TODAY???
THE CBI DID NOT SELL THE BONDS TODAY NEAR AS I CAN TELL, I CALLED ALL THE WAY UP THE FINANCIAL CHAIN AND WE CAN NOT SEE THEM
NOVA CALLED UP HIS CHAIN AND THE SAME THING. I DID HOWEVER FIND SEVERAL OTHER BONDS FROM THE REGION FOR SALE. SO WE WAIT, BUT NOT MUCH LONGER I DON'T THINK.
MY LADIES: Germany is setting up shop...I think this dovetails with what Mary just said about relationships with foreign banks. http://news.xinhuanet.com/english/2015-08/03/c_134476880.htm
ALRIGHT LET’S LOOK AT THIS..WE READ EARLIER THERE ARE NO RESTRICTIONS FOR FOREIGN BANKS TO SET UP IN THE FREE TRADE ZONES.
THIS IS VERY IMPORTANT TO UNDERSTAND BECAUSE EACH COUNTRY NEEDS THEIR OWN CURRENCY TO TRADE IN THE NEAR FUTURE. AND LOOKS LIKE GERMANY IS GETTING IN ON THE GROUND FLOOR.
Germany to open bank in Iran to facilitate trade http://news.xinhuanet.com/english/2015-08/03/c_134476880.htm
TEHRAN, Aug. 3 (Xinhua) -- Central Bank of Iran (CBI) announced Monday that Germany will set up a bank in Iran to facilitate its trade transactions with the Iranian side.
In a recent visit by German Vice-Chancellor and Minister for Economic Affairs and Energy Sigmar Gabriel, who headed a high-ranking German delegation to Tehran, it was agreed that the European country establish a bank in Iran, CBI governor Valiollah Seif was quoted as saying by Tasnim news agency.
And get more things moving in the energy sector...http://m.thenational.ae/business/energy/iran-to-throw-the-switch-on-energy-projects-after-sanctions-end
MY LADIES: THERE IS 167 BILLION DOLLARS WORTH OF OPPORTUNITY IN THE ENERGY FIELD.
Iran to throw the switch on energy projects after sanctions end http://www.thenational.ae/business/energy/iran-to-throw-the-switch-on-energy-projects-after-sanctions-end
The number of energy projects in Iran could double over five years to nearly 400 once sanctions are gradually lifted, according to Meed Projects.
There are 197 energy projects – ranging from oil and gas to petrochemicals and utilities – under construction or planned representing a US$167 billion opportunity for regional and international companies, according to data from the projects tracking service.
The opportunities will only increase as new projects are added.
MY LADIES: OK I AM GOING TO BRING IN AN ARTICLE FROM LAST MONTH. NOW LOOK AT IT AND REMEMBER WHAT I SAID ABOUT IRAQ LOSING FOREIGN OIL COMPANIES IF THEY DID NOT GET IT TOGETHER AND QUICKLY.
SO THE OIL COMPANIES HAVE NOT RECEIVED THEIR PAYMENTS SINCE I THINK THE END OF 2012 OR MAYBE THE BEGINNING QUARTER OF 2013.
WELL HERE WE SEE IRAN COMING IN STRONG AND WITH SOLID CONTRACTS THAT ARE MORE APPEALING THAN ANY OTHER IN THE REGION,
SO I REPEAT WE SHOULD SEE SOME REACTION FROM IRAQ SOONER THAN LATER OR THEY WILL TURN INTO THE BIGGEST FAILED PROJECT THE USA HAS EVER TAKEN ON. I’M NOT EXPECTING THAT WILL HAPPEN.
Iran plans to offer more generous terms to oil investors http://www.thenational.ae/business/energy/iran-plans-to-offer-more-generous-terms-to-oil-investors
Iran, seeking billions of dollars to revitalise its ailing oil industry, plans to offer significantly better commercial terms to companies prepared to invest than offered during the last market opening nearly two decades ago.
Foreign oil executives who have reviewed partial drafts of the new terms, called the Iranian Petroleum Contract, said they’re more generous than the types of deals used in the 1990s and 2000s. Unlike those contracts, which merely paid a set fee for the delivery of a project, the new agreements could give investors some share of a field’s production and allow companies to book more reserves on their balance sheet.
Such arrangements would probably make Iran commercially more attractive than regional competitors for international investment including Iraq and Algeria. The executives asked not to be named because Iran has yet to announce the new contract and terms could still change.
The production-sharing model gives international companies a share in the output of an oilfield as payment for their investment. They also allow foreign groups to book the reserves in their books, boosting their balance sheets. When Iraq opened to foreign investors six years ago, it offered service contracts rather than production-sharing agreements.
Fereidun Fesharaki, chairman of consultants Facts Global Energy, said Iran will likely offer better terms than neighbors like Iraq in order to entice companies back after a decade of sanctions that effectively froze investment in the country.
MY LADIES: SO READ THE ENTIRE ARTICLE BUT DEALS WITH IRAN ARE LOOKING BETTER FROM THE JUMP THAN THE CONTRACTS IRAQ HAS AND COUPLE THAT WITH NO PAYMENT ON THEIR CONTRACTS AND IT COULD GET SCARY FOR IRAQ REAL FAST.
THE DINAR NEEDS TO BE CONVERTIBLE AND REFLECT VALUE IN ORDER FOR ALL THIS BACK MONEY TO BE PAID. SO WE CONTINUE TO WATCH IF ONLY FOR A LITTLE LONGER.
MY LADIES: How the IMF and US were party to Greece's tragedy
ALL RIGHT THIS IS A VERY LONG BUT A VERY GOOD READ, IT IS A REAR VIEW MIRROR ARTICLE CLEARLY BUT ONE YOU SHOULD ALL KNOW AND UNDERSTAND.
Memphis: good point ML, and lest we think CNBC is suddenly taking "truth serum" there are entire layers here that are never even whispered of involving the big NY banks literally sucking the wealth out of this nation. As is often the case, the deeper we go into the rabbit hole, the more truth we find!
One of my greatest revelations along these lines was when I finally understood that austerity is the act of giving preference to the bond holders at the expense of the citizens.
When put under the microscope, few of these characters are blameless.
MY LADIES: MEMPHIS I THINK WE ARE A HOP SKIP AND A JUMP FROM THE TRUTH EXPLODING OUT ALL OVER THE PLACE AS THE DEBT BUBBLE COMES UNGLUED...
RIGHT NOW I THINK EVERYONE IS IN "I TOLD YOU SO MODE" AND WE ARE SEEING CYA STORIES COMING OUT.
Memphis: and all in spite of the many bankers who have been silenced on recent years! I am in full agreement…ML you have just touched on one of the deepest and well kept secrets to the coming shift in the world's financial system. I have LONG wanted to talk on this and make others aware of it, to be watchful for it.
In a nutshell....
One of the greatest truths that control of the actions of man is this: When the music stops, and not everyone is left with a seat? The GREATEST and most important thing is to be found blameless. To be positioned such that no one points the finger at you.
THIS is a huge factor that is playing out daily in the news as politicians position things to point at the bankers and the bankers attempt to get the masses to point to some obscure event, catastrophe, or war. It is a messy business!!
MY LADIES: IT SURE IS..
Memphis: Why does it even matter? If we Re not above the fray watching from an elevated perspective? We have little hope of seeing opportunity ANYWHERE because all around us will appear as chaos and hopelessness. I see it as a central point to our macro perspective.