JSL: Make no mistake about it things are happening , not coincidence's China market, Dow dropping, there is a reason, I believe things are shaping up
One guy wrote the beginning of the end, not sure what he meant , but some opinion, I guess, either way Stuff is happening, Like Tony kept telling us the wheels are turning, slow but sure.
Desmo: Has Ray said that all we are waiting on is the Gazzette?........not being a party pooper but all we were waiting on last year was the Gazzette and that came and went.....just don't want everyone to get their hopes up and crushed again......I truly think this is really it this time but wondered if Ray had said something I missed
Lilypad: Desmos, there are articles thats the finance ministers will be paid on the 10th or 11th. . Preceding that, there was an article stating that the finance ministers would be paid immediately after posting the budget in the gazette. It may be that it is the budget is being hidden from the English version dn is in the Arabic version. Also, the taxes and tariffs go into effect on the 10th. Just saying.
BadScott54: Protect Your Dream-Seed. A Dream-Seed is the invisible photograph of a desired miracle, goal or dream. God hangs photographs in your heart, of something you can become... do...or have. Abraham nurtured that inner picture of many generations of children through his promised son, Isaac. Diligently guard the Dream-Seed God has planted in your heart through prayer and discretion. Dr. Mike Murdock 1/9/16
BigB: Just heard from a friend that Viet Nam made their announcement. Treat as rumor until confirmed. Viet Nam is now going to float their currency.
Caarlosisin: bigb - and how does that affect the rv in general
BigB: carlosisin We have a lot of very interesting things happening in the last couple of days. No ships, new coinage in Iraq, and now the Dong is going to float….. It will depend on the type of float and the demand. It could be a very fast float or a 2% over several months.
Tada: my understanding ( LOL ) is we bought VND on a gov. fixed rate.... so if they change to a "float" now then the free market will push it up fast. It's been artifically held down for a long time. Right?
Xyz: Central bank: address the financial situation is done through the advancement of the real sectors http://translate.google.com/translate?depth=1&hl=en&rurl=translatom&sl =ar&tl=en&u=http://www.alsumaria.tv/news/156493/
Xyz: Central bank: address the financial situation is done through the advancement of the real sectors http://translate.google.com/translate?depth=1&hl=en&rurl=translatom&sl =ar&tl=en&u=http://www.alsumaria.tv/news/156493/- ... as he emphasized that the bank's board is the only body authorized by law to determine the dinar exchange rate.
Xyz: Member of the parliamentary finance calls for "a major economic revolution" to confront the current crisis http://translate.google.com/translate?depth=1&hl=en&rurl=translatom&sl =ar&tl=en&u=http://www.alsumaria.tv/news/156500/-
"the importance of reviewing auction currency at the central bank and find other means to keep the Iraqi dinar, and the launch of an internal bonds for citizens and an interest rate of not less than 7% instead of the foreign loans of up Voidha to more than 10% exchange rate."
Poppy3 WE ARENT RUNNING THE BASES RIGHT NOW… WE ROUNDED HOME AND NEXT STEP IS SCORING …KEEP SMILING RICH FRIENDS..
BGG ...if they are willing to GIVE UP GOLD from their reserves... for IQD - that means they are "buying" - they must think it has VALUE... This is the CBI mind you. the basic premise is this - the CBI is willing to trade GOLD for IQD...that only says one thing to me.
Emailed to Recaps:
Chinese President, Premier to attend opening of new China-led Bank
January 9, 2016, 5:39 am
Chinese President Xi Jinping and Premier Li Keqiang will attend high-profile events to mark the opening of the Asian Infrastructure Investment Bank (AIIB) next week. These include maiden meetings of the board of the mammoth China-led lender, a $100 billion multilateral development bank. The bank’s president will be officially appointed and the management team will be instituted during the meetings.
Founding members include the BRICS, half of the European Union and all of the Asian bloc, ASEAN.
Chinese Foreign Minis
try spokesperson Hua Chunying confirmed the attendance of the top leadership on Friday.
Chinese President Xi will address the inaugurating ceremony in the morning of Jan. 16 while Li will address the founding conference of the AIIB council in the afternoon, Hua noted. The series of opening events will last from Jan. 16 to 18.
The China-led development bank was formally established in Beijing on 25 December.
The Banks’ board of directors and executive council will meet for the first time from Jan. 16 to 18 in Beijing.
Despite the opposition of Washington, Philippines, a major US ally in the region, has joined the new lender.
The US and Japan have not applied for the membership in the AIIB.
The bank, headquartered in Beijing, now has 57 members, that includes Germany, France, Italy, and the UK.
Visiting British Foreign Secretary Philip Hammond told his Chinese counterpart this week in Beijing that Britain will play an active role in the AIIB.
Writing in the Forbes, commentator Stephen Harner says “that relations with China have become possibly the most serious conflict in U.S.-U.K. relations is of historic importance”.
“Britain is showing that it will break ranks when American “leadership” is heading in the wrong direction,” writes Harner.
The new lender is expected to name its first lending projects in mid-2016.
The China-backed multilateral development institution is tasked with financing infrastructure development across Asia.
With an authorized capital of $100 billion, the AIIB will finance infrastructure projects like the construction of roads, railways, and airports in the Asia-Pacific Region.
The ADB has estimated that in the next decade Asian countries will need $8 trillion in infrastructure investments to maintain the current economic growth rate.
The AIIB will extend China’s financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan.
BRICS members, China, India and Russia are the three largest shareholders, taking a 30.34 per cent, 8.52 per cent, 6.66 per cent stake, respectively. Their voting shares are calculated at 26.06 per cent, 7.5 per cent and 5.92 per cent.
“China is not deliberately seeking a veto power,” its stake and voting share in the initial stage are the “natural outcome” of current rules, and may be diluted as more members join, China’s Vice Finance Minister Shi Yaobin has said.
The bank will always be open to new membership, Jin Liqun, the bank’s president-designate has confirmed.
Emailed to Recaps:
Major Ships Evacuate Atlantic Ocean For First Time In History
For the First Time In History, Atlantic Ocean Is Empty Of All Cargo / Freighter Ships! Impending Financial Doom?
Russian Naval Forces have reported that the entire Atlantic Ocean appears to be totally deserted of major freighter ships for the first time in recorded history.
The Kremlin say that Panamax and New Panamax vessels, plus all types of wet carrier (oil/liquified natural gas) vessels including VLCC and ULCC supertanks are nowhere to be seen.
Russia claim that the evacuation of the Atlantic ocean is a “clear” sign of a coming Western economic/banking collapse, with the world’s stock markets crashing during the first part of the year being another clear signal.
Historic First: North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving
Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.
This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.
The reason commerce has stopped is simple: People are not buying things. When people do not buy things, retailers do not sell things, so they do not order more goods for stock.
When retailers do not order goods, manufacturers don’t make anything because there are no orders to fill. When manufacturers do not make goods, they don’t order raw materials for manufacturing.
When there are no orders for raw materials, commodities sellers do not sell raw materials. When no raw materials are sold, there is no shipping by large cargo ships, (or railroads or tractor trailers) to move anything.
Put simply, the global economy is LITERALLY stopping. Right now. Today.
How things go from this point forward is simple: Without sales, retailers are not even "turning dollars" so they will have to layoff employees and close stores. Without orders, manufacturers will have to layoff employees and shut down. When manufacturing shuts down, suppliers of commodities will have to layoff employees and cease operations. As all of this economic activity comes to a halt, then the disaster REALLY takes off:
When businesses are not even "turning dollars" they cannot pay back their loans. Retailers, manufacturers and commodities suppliers will begin defaulting on bank loans within 30 days. When enough of them default, it begins taking-out banks. As banks begin to fail, others will run to their banks to withdraw money for fear THEIR bank will fail too; and therein starts "bank runs."
In the meantime, stock values plummet and people's life savings in retirement accounts, 401-k's, IRA's and the like, get wiped out of existence.
We are literally standing at the edge of an abyss. It appears we are about to go over that cliff . . .