Martha: 8/21 part 2 basket of currencies sooner than later
I forgot some additional information. Do you all realize that everything that has happened this year is really a repeat of last year? (deja vu?)
There has been a lot of repeat information from one year ago and the time frames almost match those of last year. What I would say is what should have been… is now.
IMO- China wants very badly to ascend as a reserve currency but at the same time it is part of a bigger plan that was designed by the IMF that was created in 2012 for 2014? But if you see the numbers are actually for this year 2015!
With that being said,it has been a difficult year for the world and its leaders.
I won’t get into the politics of the world but the "dream" has finally come together with PM Abadi at the helm for Iraq and the formation of the BRICS that helped kick off the changes that needed to be done.
IMO- China is not looking for total world control nor is Russia. They are part of a plan to maintain world peace and help the smaller countries have an equal footing in the world trade and currency market. I think we are finally there.
Now the baskets: I have heard there are four baskets of currencies. The currencies of countries are weighted against the major sovereign countries of the world. Yes a jocky-ing of position and on a pie chart, the US has the largest say on the weight. But now it is time to re-adjust those percentages so that the little guys get a louder say in their countries.
Currency is weighted against commodities, GNP and rate of growth. This is where the US has been holding out in signing a 2010 re-alignment of control. Whether they sign on Sept 15th doesn’t matter since there is a plan to be implemented with or without them and no we don’t have to wait for this!
Of interest is basket #1 and #2. The first basket is inclusive of approx.. 20 currencies including the USD, the yuan, the Rupiah and the Vietnam. BUT the 2nd basket is minus the USD but has the yuan, vnd, rupiah and also the zim again plus a block of countries called the N11 and some other emerging countries including some middle African nations that will re-align.
This is where you will see the Yuan and the dinar act as the reserve currencies that will re-weight the value of the other countries.
The time frame of these baskets is one that eludes me but I doubt it is 6 months apart. We are in the now and we are looking for completion of the GCR sooner than later.
Do not trust the dates of the IMF. Things can change in an instant.
I hope that this additional info will help clarify where I think we are at. all my luv Martha
Iko Ward: I'm planning on at least a year but will have all in place within a few months of the current RV.
Dinaridori: How Google Could Rig the 2016 Election
Google has the ability to drive millions of votes to a candidate with no one the wiser.
By ROBERT EPSTEIN
August 19, 2015
Read more: http://www.politico.com/magazine/story/2015/08/how-google-could-rig-the-2016-election-121548.html#ixzz3jQgAJfmM
Thunderhawk » August 21st, 2015, 11:05 am Backdoc Alert
The Stock Market’s Fed Fever Is Only Going to Get Worse
In less than a month, the fate of the free world will hang in the balance, at least if you judge based on the nerves being demonstrated on Wall Street. On Sept. 17, the Federal Reserve will decide whether or not to raise interest rates, which have been at 0 percent for eight years.
Every economic data point, every comment from Fed official and every word of every official statement is deconstructed, reassembled and synthesized for clues on what's to come. After Wednesday's release of the Federal Open Market Committee’s July meeting minutes, which were more dovish than expected, traders are more confused than ever. Just as a September liftoff was beginning to look like a sure thing, things are now on a knife's edge.
The takeaway from the release: The Fed is worried about downside risks to its economic outlook, risks associated with tightening too soon and evidence that inflation will remain low. As a result, the futures market pushed back its expectation of the first rate hike sine 2006 from September to December. According to Bank of America Merrill Lynch, there is now only a one-in-three chance of a September liftoff.
The stakes for the market are huge. After months in the doldrums, the S&P 500 index finally looks set to break down and out of the trading range that has been in place since late last year. The critical level is the 200-day moving average, which the bulls have been vigorously defending since late June — mirroring a similar defense of the 200-day moving average on the Shanghai Composite by Chinese authorities.
The range-bound S&P masked deeper woes in individual stocks, something I've been hammering about for months. Just 48 percent of the stocks in the S&P 500 are actually in uptrends, a sign of a narrowing base of support to hold the 200-day average. This is evidence of deep vulnerability.
The playbook that we've seen over the last few years is that whenever global markets are at risk, the major central banks zoom in with more policy stimulus.
And indeed, after the release of the Fed minutes that seemed to be the case again: The Dow Jones Industrial Average, which was down 229 points at its nadir, charged back into positive territory as traders joked that another round of bond-buying stimulus (QE4?) was more likely at this point than an actual rate hike. But then the sellers reemerged, and they’ve continued selling in Thursday’s session.
Along with the persistent selloff in China and a collapse in commodity prices that has dropped crude oil below $41 a barrel for the first time since 2009, this suggests a sea change could be underway. Investors could be realizing that more cheap money stimulus isn't coming…or isn’t going to work this time. If so, the long-term uptrend that has held stocks aloft since late 2011 is at risk, as shown above.
Indeed, a recent research paper from the Federal Reserve Bank of St. Louis finds that after six years of quantitative easing that swelled the Fed's balance sheet to $4.5 trillion, the policy "has been ineffective in increasing inflation" and only seems to have boosted stock prices. Moreover, the policy could've very well driven the inequality gap noted by so many.
The ongoing pressure on China and the energy sector, with knock-on impacts on corporate earnings, doesn't look like it's going anywhere either.
Everything now depends on the flow of data in the weeks to come, especially the August payroll report on Sept. 4. In the minutes, "several" officials thought "maximum employment could take longer to achieve," citing slow wage growth. They also worried that a premature rate hike would further strengthen the dollar, which in turn would further pressure oil and other commodity prices and thus further weaken the inflation outlook.
Related: The Clearest Sign That the Job Market Hasn’t Really Recovered
If there is no rate hike in September, Societe Generale economist Aneta Markowska wonders whether a 2015 hike will happen at all since neither October nor December are attractive options. October lacks a scheduled press conference (ostensibly, Fed Chair Janet Yellen will want to explain the reasoning behind the liftoff once it happens), while a December hike would coincide with lower year-end trading volumes, magnifying a potential bond market selloff. December might also be too close to another potential seasonal GDP slowdown in the first quarter of 2016.
Mark your calendars: If the last couple of days were any indication, the Sept. 17 policy announcement will give stocks a wild ride.
JDTolle: » August 21st, 2015, Eventually, it will
You don’t have to get the desired result from every single effort. Even if just a small percentage of your efforts pay off, you can achieve spectacular success.
There’s no need to get dejected when you take an action and it fails to produce results. Just do it again, and again, until it does bring a positive, valuable outcome.
Often, the way to succeed is to fail enough times. The way to get it right is to get it wrong enough times.
Those who enjoy the most success are also those who have endured a lot of disappointing results. Even when you fall short of the goal, you’re closer to that goal than you were before.
Certainly there’s no reason to purposely seek out disappointing results. But there’s also no reason to let them get you down.
So go ahead, make the effort, even if you’re not sure whether it will produce results. Because eventually, it will.
Ralph Marston Wishing All a safe and blessed day/weekend JDT
P.S. There is no beautifier of complexion, or form, or behavior, like the wish to scatter joy and not pain around us. -- Ralph Waldo Emerson