backdoc » June 17th, 2014, THE FOLLOWING ARE MY OWN THOUGHTS AND OPINIONS BASED ON MY OWN RESEARCH.
THE BIG NEWS EVERYONE MISSED TODAY!
FIRST OF ALL I WANT TO FOLLOW UP WITH YOU ALL ON THE IQD. AS YOU ALL MAY KNOW THE ISX HAS CONTINUED TO TRADE WHILE WE HAVE SEEN ZERO MOVEMENT ON THE IQD SINCE THURSDAY. IT APPEARS AT THE END OF TRADING ON THURSDAY OZ RAISED THE RATE TO 1116.9. IT HAS REMAINED AT THAT PRICE EVER SINCE WITHOUT TRADING !!
IF THE THREE ZEROS ARE DROPPED WE WILL SEE A RATE AT 1.16 MMMM INTERESTING SINCE WE BELIEVE THE BUDGET WAS FIGURED AT THAT RATE. OF COURSE THAT COULD HAVE CHANGED BETWEEN THEN AND NOW FOR ALL WE KNOW BUT INTERESTING NONE THE LESS.
WHY DO YOU THINK PEOPLE WOULD WANT TO HIT THE EXITS OF THE U.S. BOND MARKET ? WELL, WE ALL HAVE BEEN TALKING ABOUT THE DOLLAR BEING BY-PASSED BY THE RUSSIA CHINA DEAL RIGHT?
MANY OTHER TRADE DEALS BETWEEN OTHER COUNTRIES ARE IN PLAY AS WELL RIGHT SINCE WE HAVE SEEN ALL THE ARTICLES ABOUT THEM. SO, WHAT POSSIBLE CATALYST COULD TURN THE APPLE CART UPSIDE DOWN IN THE INVESTMENT WORLD AND CAUSE A MASS EXIT OF TREASURIES ?
MMMM THIS IS FUN !!
THE REASON THERE ARE SO MANY INVESTORS IN THE BOND MARKET IS THAT THEY ARE LOOKING FOR YIELD. THEY ARE LOOKING FOR A SAFE PROFIT WITHOUT A LOT OF RISK. MMMM INVESTORS ARE PRETTY SHARP !!
IF OVERNIGHT, A NEW CURRENCY WERE TO COME ON THE SCENE THAT WAS INTERNATIONALLY TRADED AND SECURELY BACK BY GOLD AND THE MOST VALUABLE COMMODITY ASSETS IN THE GROUND SUCH AS OIL AND GAS, THE WORLD WOULD SIT UP AND TAKE NOTICE !!!
IT WOULDN’T TAKE LONG TO FIND OUT THAT YOU MIGHT GET 6% INSTEAD OF 2% ON BONDS AND OH TODAY WE HEARD A GUY WHO RUNS A HEDGE FUND SAY IT MIGHT BE TIME TO INVEST IN IRAQ. WHEN CORNERED HE EXPECTED TO MAKE 2 TO 4 TIMES ON HIS MONEY IN JUST THREE YEARS !! BINGO !!
THAT’S RIGHT A REVALUED DINAR !!!
IMO THE NEXT TIME WE SEE THE DINAR TRADED IT WILL BE INTERNATIONAL WHATEVER THE RATE OR MECHANISM THAT IS USED INTRODUCE IT !!
I JUST SAY BRING IT !! GUYS, IT WON’T BE LONG SINCE THE DINAR IS LIKELY BEING RE-DENOMINATED AS I WRITE THIS !!! LOL
MAY GOD GIVE US GUIDANCE GOING FORWARD.
ONCE THE DINAR TAKES VALUE COUNTRIES WILL HAVE NEW FOUND WEALTH TO FUND THEIR BALANCE SHEETS AGAIN SINCE WE ALREADY KNOW OF CURRENCY SWAPS THAT HAVE BEEN DONE TO SETTLE DEBTS.
THIS MAY BE ONE REASON IRAQ HAS NO FEAR OF LAW SUITS SINCE THIS WAS AN EFFICIENT WAY TO SETTLE THEIR DEBTS.
WE ALL JUST GOT LUCKY TO JUMP ON THE TRAIN !!
SO HANG ON TO YOUR HAT SEATS AND TICKETS FOLKS THE DINAR EXPRESS WILL SOON RIDE AGAIN !! BLESSINGS TO ALL AND HERE ARE A COUPLE LINKS YOU MAY ENJOY ! DOC
AGAIN, THESE ARE MY OWN THOUGHTS AND OPINIONS
Fed looks at exit fees on bond funds
Tom Braithwaite, Tracy Alloway and Michael Mackenzie in New York and Gina Chon in Washington
Federal Reserve officials have discussed whether regulators should impose exit fees on bond funds to avert a potential run by investors, underlining concern about the vulnerability of the $10 trillion corporate bond market
China’s Holdings of U.S. Treasuries Decline for Third Month
By Ian Katz Jun 16, 2014 3:59 PM CT
China’s holdings of U.S. Treasuries declined for the third straight month, the longest stretch of reductions since 2011, a government report released today in Washington showed.
The country held $1.26 trillion in U.S. debt as of April, down $8.9 billion from the previous month, the Treasury Department said in a monthly report. China is the largest foreign holder of Treasuries, followed by Japan
kgrace wrote on June 16th, 2014, 10:18 pm:
NBC Nightly News..................Chalabi back in Iraq.....He gets things DONE!
Nightly News | June 16, 2014 Ahmad Chalabi, back in Iraq
March 14: Ahmad Chalabi, once the darling of the Bush administration, is back in power in Iraq, and top U.S. officials say they need his help again. NBC's Senior Investigative Correspondent Lisa Myers reports.
backdoc » June 17th, 2014,
Deputy PM: Vietnam remains economically independent
Friday, June 13, 2014 23:13
Deputy Prime Minister Nguyen Xuan Phuc speaks at the National Assembly’s Q&A session
“To date, we are not dependent on any single economy. I have sufficient figures to prove that. However, there's no absolute independence in a flat world,” said Deputy Prime Minister Nguyen Xuan Phuc.
Phuc made the remarks at the National Assembly’s Q&A session on Thursday afternoon, while answering Assemblyman Nguyen Ba Thuyen's query on how to build an independent economy amid rising concerns about Vietnam's economic reliance on China.
Vietnam will accelerate its economic restructuring plans, shift its growth model, selectively seek to attract investment in high-tech and environmentally-friendly projects, and strengthen equitization of state-owned enterprises, he said.
The deputy prime minister also stressed the importance of expanding both export and import markets, and strengthening its role in the domestic market.
bluedog » June 17th, 2014,
I HAVE BEEN WATCHING THE OIL IN IRAQ AND ALL OIL COMPANIES HAVE HAD NO PROBLEMS...... IF YOU WERE ISIS YOU WOULD HIT THE OIL FIRST (WINK) .........THATS IRAQS ECONOMY BUT OIL GOES ALONG WITH NO PROBLEMS.............I ALWAYS WATCH THINGS FROM A DETECTIVE TYPE MODE AND THIS ENTIRE POST IS, JUST IN MY OPINION (JMO)............OIL PRICES GOING UP..........WHY LOL
1-BP SAYS OPERATIONS IN IRAQ SO FAR UNAFFECTED BY VIOLENCE
Tue Jun 17, 2014
(Reuters) - BP chief executive Bob Dudley said on Tuesday the oil company's in Iraq were so far by violence in the country.
"We are just very vigilant in Iraq. Non-essential production people have left but operations continue," he told reporters on the sidelines of an energy conference in Moscow.
Last week, militants from the Islamic State in Iraq and the Levant (ISIL) overran the northern city of Mosul and have since pressed south towards Baghdad in an onslaught against the Shi'ite-led government.
Dudley said BP's assets were a "long way from the troubles" in the south of the country, near Basra.
Along with the China National Petroleum Corporation (CNPC), BP operates under a technical service contract with Iraq's state-owned South Oil Company to boost production from the Rumaila oilfield.
Under the contract, BP and its partners aim to increase plateau production to 2.85 million barrels per day at Rumaila in the second half of the next decade.
Almost all Western oil majors work with Baghdad on joint projects including Exxon Mobil, BP, Royal Dutch Shell, ENI, Russia's Gazprom Neft, Lukoil and Chinese firms.
Asked if he was concerned about the Iraqi government's control over the country, Dudley said: "The people we are dealing with appear to be very much in control of the oil communications that we have."
Vagit Alekperov, chief executive of Lukoil which operates the West Qurna-2 oil field, told reporters on Monday his company had boosted security at the field but that the company did not feel that the project was under threat at the moment. (Reporting by Vladimir Soldatkin, additional reporting by Olesya Astakhova; writing by Katya Golubkova, editing by Elizabeth Piper) LINK
HE77 » June 17th, 2014,
I am not sure if this is the new KW note that's coming out near the end of June...interesting timing for this news to be shown.