MY LADIES: CAN TOU GET A SEAT ON THE SILK ROAD TRAIN???
MY LADIES: AND HERE IS MORE..Company Overview of AIG Silk Road Fund, L.P.
MY LADIES: AND YOU CAN PLAN YOUR TRIP
Weave your way along the old Silk Road LINK
MY LADIES: NOVA??????????? Puerto Rico just defaulted for the first time
Puerto Rico just went into default for the first time in its history.
The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt the island's residents, not Wall Street. The debt is mostly owned by ordinary Puerto Ricans through credit unions.
The default is a historic moment in Puerto Rico's economic "death spiral," a term the island's governor, Alejandro Garcia Padilla, has used. The island is struggling with about $70 billion in total outstanding debt, and its economy is in recession.
READ THE ENTIRE ARTICLE CLICK THE LINK
IQD NOVA: WOW!!!! AND THE TRAIN JUST KEEPS ROLLING ALONG!!!!!
MY LADIES: NEW SOVEREIGN RISK REPORT OUT TODAY...IRAQ SHE NO LOOK A TOO GOOD!!
Sovereign Risk Report
Political Unrest and Potential US Rate Hikes Put Pressure on Turkey’s Default Risk Measures
IQD NOVA: AND WHAT MIGHT FIX THAT?? (no one say exchange rate / value)
SSS: Nova - a credit rating?
IQD NOVA: BUT HOW?
SSS: Go International?
Rocket Rich: Establish some good old fashioned debt internationally.
AW: Put the IQD on the world currency markets..........increase its use by giving it XXXXXXX!!!
IQD NOVA: WHY DID THE CBI BREAK UP THE 5 BILLION BOND OFFERING INTO 2 BILLION AND THEN 3 BILLION?
AW: To test the first offering?
Rocket Rich: Want to show that they are paying on those debt instruments on two separate accounts.
SSS: establish credit rating through the first batch to be able to offer lesser interest on the second due to better credit rating
IQD NOVA: WELL SAID…. GETTING THERE
AW: Give the GOI an opportunity to establish a credit rating....seeing how the bonds are for the GOI.
IQD NOVA: WHEN YOU BUY A HOUSE WHAT DOES THE BANK WANT TO KNOW!
INCOME AND DOWN PAYMENT RIGHT? NOW THINK ABOUT IT.
Rocket Rich: Bond sales are a quick money grab. There's your income and a show of handling debt….They also have loans that they have taken recently, so this plus the bonds shows some diversification.
Memphis: the GOI needs the capital to show on their balance sheet to then allow them to offer sovereign debt (put on their big boy pants) and be the originator (or issuer) to outside interests. (i forget the proper term here)
IQD NOVA: THE CBI IS BACKING THE 2 BILLION BECAUSE THE GOI HAS NO MONEY AND NO CREDIT.
THE CBI SAID THEY ARE DOING THIS FOR THE GOI TO GIVE THEM THE CASH NEED TO ENABLE THE GOI TO SELL THERE OWN DEBT.
WHY NOW,…. BECAUSE THE INCOME SIDE OF THE GOI IS ABOUT TO BE TAKEN CARE OF BECAUSE THE CBI CONTROLS IT!!!
YOU WOULD NOT BACK SOMEONE IF YOU KNOW THEY COULD NOT PAY!!!
THOSE BIG BAD BANKERS ARE CONTROLLING BOTH SIDE OF THE GOI RIGHT NOW RIGHT IN FRONT OF USE!!!! 100% CORRECT MEMPHIS!!
SSS: Are these 1st set of bonds to be offered internationally or not? I thought they were but ............ ?
IQD NOVA : THAT IS WHAT THE CBI HAS SAID.
PrincessDD: So they did or didn't do it today? If not what's the next date they may try it again? I haven't seen anything today saying they were able to accomplish that.
Bandito Rox: Princess we just need to be a little bit more patient... It will happen when we least suspected it.
Memphis: One thing that may highlight the importance here is to point to the DEPTH of these markets. This is where big money, institutional money, goes to park.
Of the three markets (stocks, bonds, commodities) the worlds bond markets are by far the deepest. This is why a stock market crash has never caused widespread depression...ever.
Although it is portrayed to us in this manner the reality is that a real hit to the world that leads to depression is sparked by a confidence shift in the bond markets and capital fleeing elsewhere.
Iraq's gov't taking these steps is easily more significant than most of us (myself included) recognize. It is TRULY opening the door for capital, for real $, to come into the nation. FORGET the ISX, it is but a fly on an elephants ass on relation to this.
SSS: If the 1st bonds are not to be paid out until Dec/16, what does that mean to our timeline of hope?
Memphis: Nova, it makes me light headed to hang out at such heights BUT I have been getting glimpses, impressions, that current events are confirming of the season.
What I mean is that in years past, in windows that LOOKED good and yet came and went, the reality was that it simply was not time, Adam Smith's invisible hand has been at work creating the needed environment, setting the stage that will ALLOW and IMO actually require things to soon be released.
Poorly worded but I think you'll see where I am trying to go here!
IQD NOVA: I GET IT MEMPHIS!!! THE TIMING IS CRAZY!!!
MY LADIES: OH NOVA MEMPHIS THE TIMING IS INCREDIBLE. I SAID YESTERDAY COME OUT OF IRAQ AND LOOK AROUND. WE ARE ON THE DOORSTEP I AM SURE OF IT.
EVERYWHERE WE LOOK EVERY MARKET WE STUDY IS BRINGING US TO THE BASIC FACT THAT IRAQ HAS TO JOIN THE MOVEMENT.
EVERYTHING THAT IS TAKING PLACE IN IRAQ THE PROVINCIAL POWERS REQUIRING UNIFIED TAXES, THE GOI REQUIRING CREDIT AND CAPITAL THIS ALL TAKES US WHERE?
IT BRINGS US TO THE DOORSTEP.
I HOPE EVERYONE IN HERE IS OK AND IS HOLDING DINAR IN HAND, I TAKE DINAR INC MAKING A STATEMENT LIKE THIS TO BE A LARGE INDICATOR WE ARE HERE.(See Statement Below)
THE TIMING OF EVERYTHING IS A SURE INDICATOR OF WHAT IS COMING.
From Dinar Inc Website:
Due to recent events we are proactively suspending our layaway. Our product is completely different then our competitors (where all payments are Fully Refundable and No Customer has ever lost money) however we want to ensure we abide by all State & Federal laws. All current or active layaways will be refunded including the layaway fee. Give us a few weeks to meet with our legal advisers to ensure we have a long term and viable product for you our customer.
Robert M. Hoffman,Jr.