Aggiedad77: Good Morning MYLADIES.....and thanks for the kudos but most go to you and the rest of Frank's true intel teams.....as you say we should all be standing cautiously optimistic at this point.
The government is showing progress that we haven't seen in at least 8 years I think....it looks like PM Abadi is attempting to hold good on his promises...that is encouraging I think.
There are still as you say "bits and pieces" to be put together, but I am liking how consistent the message is coming from both the Kurds and Baghdad.
I think it is like Maliki left the country with a shattered front window and they are slowly putting the pieces back together matching up edge pieces and corner pieces and then the inner parts.....this window as a "one of a kind" was irreplaceable so this new government is doing all they can to fit things back together again.....as it starts to take shape they are able to more swiftly build certain areas.....but then could be slowed because someone in the crowd is standing on a crucial piece....but communications appears to be open and those people who need to move are doing so.
I am encouraged by the lack of argument and strife between parties in the last few weeks.....to me this is sending a quiet signal to the people that cooperation is at an all time high.
Steadfastly we watch.....thanks for all your research and work.....please don't be strangers.....the Family truly enjoys your postings. Aloha Randy
EXOGEN November 14, 2014
Banks Get December Deadline to Come Clean on FX Rigging
By David McLaughlin Nov 14, 2014 5:49 AM ET
The U.S. Justice Department has given banks about a month to come clean about wrongdoing as it moves closer to wrapping up an investigation into the rigging of currency benchmarks, a person familiar with the probe said.
The banks have met with officials in recent weeks to lay out how they see their liability, said the person, who asked not to be identified because the discussions are confidential. Prosecutors have demanded a full accounting of any misconduct by mid-December, the person said.
U.S. Attorney General Eric Holder said yesterday the department will finish the currency-trading investigation “relatively soon” and is moving toward civil and criminal resolutions.
The Justice Department is likely to bring cases against banks early next year, followed by charges against individuals, the person said. Prosecutors had been pushing to bring a case against at least one bank before the end of the year.
Investigations by authorities on three continents are proceeding after six banks, including Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and UBS AG (UBSN), agreed to pay $4.3 billion to regulators in Europe and the U.S. Nov. 12 to settle claims that traders colluded with counterparts at other firms in an attempt to manipulate currency rates.
Barclays Plc pulled out of the group settlement earlier this week after Benjamin Lawsky, the head of New York’s Department of Financial Services, refused to join in the Nov. 12 accords, according to a person familiar with the matter. The banks that reached deals don’t rely on a New York license, leaving Barclays in a unique position to have its settlement delayed by Lawsky’s view that it wasn’t severe enough.
The December deadline and the talks with the banks were reported earlier by the Wall Street Journal.
Regulators released transcripts of chat groups dubbed “the 3 musketeers,” “the A-team” and “1 team, 1 dream,” showing traders sharing client orders and attempting to rig the WM/Reuters currency benchmarks. Traders boasted about “whacking” and “double teaming” the market and congratulating one another when plans paid off.
U.S. prosecutors have been investigating manipulation of currency benchmarks for more than a year. They’re working with the Federal Reserve, as well as Britain’s Serious Fraud Office, which opened an investigation in July. U.K. Chancellor of the Exchequer George Osborne wrote to the prosecutors today saying the agency, which has struggled with funding issues in the past and sought more funds to pursue blockbuster cases, will get the money to “pursue this case as vigorously as possible.”
The Swiss Attorney General is also conducting a criminal investigation against individuals, a spokeswoman for the office said on Nov. 12.
The Justice Department may seek guilty pleas from several firms, including at least one in the U.S., a person familiar with the matter has said. While federal prosecutors have wrested convictions from foreign banks this year, they’ve yet to win a guilty plea from a U.S. lender.
In addition to the criminal and civil probes, antitrust investigators at the European Union, Department of Justice and Swiss Competition Commission are also still looking into the collusion allegations.
To contact the reporter on this story: David McLaughlin in Washington at email@example.com
To contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org Heather Smith, Cindy Roberts
EXOGEN November 14, 2014 at 2:02pm New International Economic Order
The BRICS Have Opened Up a New World
With Obama having been relegated to irrelevance at the Beijing APEC Summit, the global shift that has been underway over recent weeks is rapidly consolidating.
The BRICS/APEC process has taken over the direction of global politics, and is setting the dynamic, commented Lyndon LaRouche upon reviewing the situation. This opens up new possibilities for those in every country who have been waiting to strip themselves of their pessimism, and join the pathway to progress.
China has taken the lead, and will continue to do so. From the APEC Summit, Chinese Premier Li Keqiang went on to the ASEAN/East Asia summit in Myanmar, where he made a new commitment of $20 billion for development along the Maritime Silk Road. By contrast, Obama came to that same summit like a wrecking ball, demanding that Myanmar change its constitution to suit his and Soros's demands. Is there any question as to which options the nations of the region will choose?
The next step is the G-20, where, this weekend, President Xi Jinping will present his vision of expanding the development process China is leading globally. Obama et al. have been counting on controlling the environment at the G-20, but they've already lost. It is the BRICS/APEC process that is controlling the global environment in which they're operating.
There has even begun to be a visible adaptation in Europe to the new possibilities in this environment. The French are champing at the bit to join the New Silk Road, and German industrialists are looking to investment in India, whose government representatives at the Indo-German Investment Summit in Berlin this week, put forward a dramatic, ambitious program for new cities, jobs, and thorough economic revitalization.
In Russia, the fightback against the monetarists, such as the head of the Central Bank—a fight led by Sergei Glazyev—has now resulted in a public call, on Moscow radio, for the Duma to pass "something analogous to the Glass-Steagall law," in order to stop the speculative attack on the country.
Of course, problem areas remain; the Middle East is one crucial one. But the global shifts open up the potential for solving these as well. In the face of Obama's weakness, forces in the United States, typified by Rep. Walter Jones and Senator Tim Kaine, are stepping up the fight to stop global terrorism by getting the release of the 28 pages, and blocking the President's assertion of dictatorial powers to declare war.
The central reality is that the world has changed. New potentials have opened up, and they can be realized now.
BigJewler: Wells Fargo Bank story 11/14/14 9:20am PST
Just walked into my local WF bank in Northern CA, and spoke to the branch manager and the WM, both just looked at me with sad eyes told me that they do not deal in either the Dong or Dinar, I thanked them for there time (i did not want to be argumentative) and gracefully walked out.
This was my first attempt at even asking someone in the bank but figured I was seeing so many positive Bank Stories maybe mine could be next.
Sorry it is not as positive as others but figured I would share to show that if indeed people were actually getting positive results, not every WF knows about it.
Highdollarfolks: Per a Pentagon Source
I was on a call last night about Trusts. One of the folks that has been on recently was asking some Tax questions. He is a retired Full Bird Colonel with some really good pentagon contacts, he also worked there for awhile .
He started talking about how he and some contacts were notified via text that the RV was to go last weekend. (More confirmation for what Tony and DC said). He also stated it was stopped by the Whitehouse. I asked him if he thought it was Obama or others. He said that the pentagon folks opinion is that O does not know what to do, he trusts others and they have ulterior motives and then do not get it done.
He said his pentagon sources are very upset and he said they told him that Iraq is ready to boil over they are so mad. He felt that if it did not go soon the folks in Iraq, government and others, would let the people know exactly who was holding it up and why and that would lead to more riots, etc.
I thought this was really cool that he said, unprompted, pretty much the info that Tony and DC gave us on the last call. He also added that the Pentagon folks felt the RV would not happen till the end of the year just because of the Obama factor.
I told him I felt that was not realistic if Iraq needed the good rate now to move forward, etc. The end of year was really his opinion. He had heard of the HCL being done and said that was outstanding.
ENERGYSPARKLES : Update from Call From WM Yesterday:
SO HERE IS WHAT HE SAID JUST NOW: THAT CHASE IS NOT EXCHANGING AT THIS TIME FOR THE DINAR, BUT ARE EXPECTING IT AT ANYTIME. THEY WILL DIRECT US TO WHERE TO GO WHEN THE TIME COMES.
SORRY BUT THAT IS ALL I KNOW, WISH IT COULD BE MORE. HE DID SAY THAT WHEN THE TIME COMES THEY WILL BE READY AT MOST BRANCHES. HE DIDN'T SOUND AS HAPPY AS HE NORMALLY DOES. HE WAS SHORT AT TALKING TO ME AND THAT WAS NOT LIKE HIM EITHER.
I AM WONDERING IF THEY ARE JUST EXCHANGING OR MAYBE HOLDING THE DINAR FOR THE ONES THAT HAVE BROUGNT IN THEIR CURRENCY. SO HIS HIGHER UPS ARE PLAYING WORD GAMES AS ALL OF THEM DO.
I AM JUST GOING ON WITH MY LIFE AND WHEN IT HAPPENS IT HAPPENS AND I WILL BE READY. IF IT TAKES A MONTH OF SUNDAYS, I WILL WAIT.