Iko Ward: What we no longer have is a reliable voice for the people, just a cacaphone of questionable main stream pundits bent on generating ad revenue and blogsters of various credentials. There is no Walter Cronkite out there facing the camera every night after supper and summing it up.
Without solid leadership the mob swings to whomever is playing the loudest tune. Here in Dinarland consensus changes many times on a daily basis.
What is popular in the morning will be replaced by the afternoon calls which will then switch out for the evening calls and amatuer analysis. "Insiders" who don't want to be named will snipe at public opinion throughout the day. Those of us who follow "hard" intel do better at amortising the noise but can only take it so far until we bump into the stone fortress of the PTB.
It has now become another pattern. A nod to Ray, we should be calling it What-The-****-Happened-Wednesday.
Ironhorse13: Iko, I see the northern gulf region still on blackout however the southern gulf is packed with cargo ships this am
Wildcat8: iko that's because people are so desperate we are in dire straights as a nation and we know
GS13: Cacaphonous:the cacophonous sound of slot machines" synonyms: noisy, loud, ear-splitting, raucous, discordant, dissonant, jarring, grating, inharmonious, unmelodious, unmusical, tuneless "that cacophonous racket they call music"
MSBSD: Discard Your Thoughts. Miracles happen only to the believing. So believe. Doubts never produce your desired results. Stop advertising your doubts. Start celebrating your expectations of a miracle. When the 12 spies invested 30 days out spying, 10 chose to doubt. So, God gave them 40 years of pain. A single day of doubt...can bring 365 days of heartache. The costliest experience on earth...is doubt. Dr. Mike Murdock 2/3/16
Blackeyedpea: GM room. I'm.almost thinking if private exchanges are going.on and the TRNs are not yet released. We may be exchanging fiat to fiat for now….. Are TRNs really necessary to Reset just yet?! That's the million dollar question!
Stardot: TRNs are just treasury notes used for inter banking they are NOT going to be new us dollars thaat get printed instantly after RV
GEGDinar: European Banks near "Terrifying" Crisis: http://www.cnbc.com/2016/02/03/european-banks-near-terrifying-crisis-raoul-pal.html
THE WINGIN IT CALL: MONDAY - WEDNESDAY – 3:30 PM
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Primary dial in number: (425) 440-5100
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860603# access code
(Teleseminar link released later)
Hale Ali’i: Okay, I've been silent for a while, but now I have something to say:
What I am told is...this is done and we will see this within the next few weeks.
So many details have been ironed out and now it's our turn! Finally!! No turning back and no stopping what has started :)
Thowell: Good morning room, for anyone reading Frank26 notes, here is where he could be getting his information from, the MOP has posted on their site since 2009 about $1.13 being a rate used for internal planning and $3.208 being the "Official Rate"
3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for "3 years" until re-appreciation by the competent authorities.
that reads like it is the rate to be used for "planning" NOT the official exchange rate...IMHO
here is the link http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en
Yada: Thowell,,,wouldnt you think that those amounts are outdated since so much more negotiations have taken place over the years to inflate the rate?
Thowell: yada, the site is current...as best I can read, it has been updated
Yada: Well, the initial rates in Iraq are $3.71
Thowell: yada, that is definitely what we are hearing, I provided a link from the MOP of Iraq's site...the rate is based on when the currency was suspended in '90 IMO, here's a link to that reference... http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&date1key=2014-12-31&category=EXCHRT
Thowell: and those rates are in SDR's not $'s
Mm292: Riyadh to tap global bond markets to balance budget
Buelingo: I was wondering if the RV happened and we are didn't get the tweet
Yada: Buelingo,,of all the info we received since Monday,,we have every reason to expect this now,,,codes are at the bank and bonds have been released to the banks,,bonds are the funding the banks need to process our exchanges,,
Yada: Folks,,here is a reality we are facing,,,At this point, the bonds is what funds our exchanges and we welcome the exchange. But,,,did you know, bonds are privately funded by wealthy people with the guaranteed return of a high interest rate,,and when we change, they get paid,,,
So we are part of a process,, my pointing that out is they, the wealthy who funded the bonds, want this over as well so they can get paid,,,and the only way they get paid is we get paid,,
Yada: Key is,, they wanted this RV to be as stealthy as possible,,, it would blow our economy up if one of those things was to instantly change because the 99% confidence in the system would erode and create panic,, and when the US sneezes, the world gets a cold,,
BACKDOC: CURRENTLY, MOST THINK THE YUAN WILL CONTINUE TO DEPRECIATE OVER THE NEAR TERM.
IF THE SAUDI RIAL DE PEGS FROM THE DOLLAR TO GIVE IT COMPATIBLE CURRENCY WITH ITS NEIGHBORS AND SWITCHES SETTLEMENT OF ITS OIL IN YUAN I THINK THE YUANS SLIDE IS OVER!
THESE ARE JUST MY THOUGHTS AND POSSIBILITIES BUT ONE HAS TO WONDER WHY HAS S.A. HALTED ITS CURRENCY FROM TRADING? WHAT IS IT WAITING FOR?
EITHER INCREASE YOUR NOTE COUNT AND STAY PEGGED OR DE PEG AND PROTECT YOUR NOTE COUNT AND RAISE YOUR CURRENCY VALUE TO A COMPARABLE LEVEL WITH YOUR BROTHERS! MMMMM
MAYBE IT TOO IS WAITING FOR IRAN AND IRAQ TO ACT? MMMMMM
THIS MAY BE THE SAME TIME THE YUAN DE PEGS FROM THE DOLLAR AND PEGS TO A BASKET!
8@8, DOC IMO
Mountainman: Morning DOC......Do You REMEMBER what happened overnight WHEN the SWISS De pegged ......The MARKETS SPIRALED down and MANY Lost MILLIONS......
So as The MONETARY OLYMPICS Continue down The Next Stretch IMO......The DOLLAR replaced the POUND......The NEW BASKET will Replace the DOLLAR.....and ALL who are Using its CURRENT Reality are about to SEE just How much TURMOIL will HIT the MARKETS in the Immediate Future...IMO.......
Like being Out on the LAKE Fishing...it's a Calm Day......the Lake is Like a MIRROR, No Ripples/waves whatsoever and THEN....BOOM... You SEE the FRONT coming over the Mountains and Here Comes the WIND.......
So Common Sense says get to the Shoreline QUICKLY because the Waves are going to be hitting 6-8 Feet....Get OFF the lake to SAFETY...Until the Storm Front Moves Out and EVERYTHING Settles!!!....Wheew.....Glad I PAYED Attention and got OFF before it HIT!!! SECURITY/SECURITIZATION Will Weather the STORM...IMO...The WORLD Knows It TOO!!!
Thanks DOC Mountainman
Walkingstick: «Central» Iraqi displays gold coins for sale in local markets through banks
Version: paper - International Version: Tuesday, February 2, 2016 (00: 0)
The announcement by the Iraqi Central Bank raised gold coins in various denominations for direct sale of local banks, fears of Representatives and experts warning of the mass of these federal funds. It called «Central» last week banks to buy gold Meskukath, referring to the arrival of specie percent dinars category.
He pointed out in a statement to «contract with an international company Stamping five thousand gold commemorative coins, in order to diversify the public savings and to ensure receiving a 24-carat gold». He explained that «coins are a hundred dinars category,
weighing 15 grams on the occasion of the 84 anniversary of the founding of the Iraqi Monetary Authority in 1930, in addition to five thousand specie of category 250 dinars and weighing 22 grams in the anniversary of the 68 of the founding of the Central Bank of Iraq in 1947.» He announced «receipt of the first category of these coins, and will go on sale through banks».
He said the Iraqi Central Bank, to determine the sales price of the banks «will be based on the added cost to the administrative burden by one percent of the cost, to be the price per minted from this category 720 thousand dinars ($ 600)».
The parliamentary finance committee and revealed, for the Iraqi government's move to withdraw part of Iraq's reserves to cover the deficit in the budget. The Finance Minister Hoshyar Zebari warned that the Iraqi government «will not be able to pay the salaries of staff in April (April), if the oil price remained low.»
Iraq's economy is witnessing an unprecedented crisis as a result of falling oil prices and the lack of other resources to him, since the budget depends 93 percent on the said supplier, offset by an almost complete stagnation of industrial and agricultural sectors as a result of wars and lack of security and stability ».
He stressed the Finance Committee member Ahmed Sarhan in a statement, the need for the «government is moving to invest in agriculture, industry and non-activation of dependence on oil in the state budget, because the continuous decline». He pointed to the existence of «actors working to weaken the industry and agriculture, and to expose the government and stand against it». He added that «solve the economic crisis is now over external borrowing, and Iraq has large reserves of foreign currency and gold bullion», pointing to the «government's move to withdraw part of that reserve to fill part of the budget deficit and respond to the crisis».
And the voice of the House of Representatives on the current year's budget, and which formed the current expenditure (operational) any salaries, etc, more than 80 trillion dinars, and increase of 76 percent from the total of 105 trillion dinars, while investment expenditure of more than 25 trillion dinars, and increase of 23.8 percent ».
He warned of the economic and investment commission member of the parliamentary Abdul Salam al-Maliki government, of the consequences of «the withdrawal of part of the Federal Reserve, which represents the cover of the dinar». Maliki said that the House already «summoned the Governor of the Central Bank of times to ask why drop these reserves of 68 billion dinars in 2014 to below 50 billion, which confirmed that it can be increased and decreases numbers in accordance with the proceeds from the sale of oil and the volume sold in the auction currency».
He revealed al-Maliki for obtaining the documents show that «these balances originally reserved in international banks, and how it affected auctions.» He pointed out that the gold reserves in the treasury of the Central Bank was more than $ 192 million in 2014 and abroad 3.9 billion, while a reserve Monetary 10 billion dollars Deposits and other balances, up to $ 45 billion, not to mention the balances in local government and private banks ».
And announced that a member of the economic and investment commission parliamentary Nora Salem in a statement to «life», the central bank monetary policies «are not clear-cut, since there is a deliberate version of the Iraqi dinar, which rolling up it to 43 trillion dinars operations ($ 35 billion) in 2015 after was at least 10 trillion in 2004. » Considered that any «the process of withdrawing from Iraq dinar balances means put at risk by lifting the lid, the Iraqi market already suffering from the problem of« dollarization ».
The MP for the rule of law Ahmed Salim, the importance of «follow the alternative government policies to overcome the crisis, and not to rely on the cash reserve». He pointed out «solutions including support and the need to reduce the collection of electricity and water funds and taxation to overcome the financial crisis». He pointed out that the indispensability «be the government to take bold decisions to tackle the crisis, we had to take quick measures for the collection of state funds».
He explained that «the collection of state funds rate constitutes 16 percent of the budget, but if levied innovative manner through mail order increase will range between 16 and 32 percent, according to the expectations of economists».
He guessed Finance Committee member Ahmed Hama, «privatization of some public sectors to solve the financial crisis, which may fail with the government for the payment of staff salaries».
http://www.alhayat.com/Edition/Print/13 ... 8%B1%D9%81