From Recaps Comment Section:
Martha: CAN EVERYONE PLEASE STOP AND TAKE A BREAK.!!The opening thought says it all.The puzzle is completed,the distractions are in place and NOW it is time to let our blessing come to us.
Stop beating up Intel that has been a controlled leak just to let you know that,in reality is completed!.They have already decided the time and date and we need to just let it happen.
It has been pre-destined by the PTB and with some help from all people who finally said enough is enough those who have tried to control and destroy the masses.
We need to,now, live together in harmony and try to clean up this our home, planet earth. I can't say this enough, EDUCATE, READ and COMMUNICATE.
Have we become so apathetic and so un-caring and so detached from the world? I, for one ,have finally woken up, as well as others who are involved in the rooms to become the makers of history and be a major part of re-writing the history of the world. I rest my case.
Iko Ward :FOREX AND DONG thought this was worthwhile posting here as i will be out of range most of the day. The Dong polled this morning. It was only 5 points, but it is the first polling since 4/27. This is significant because the dong has been static for nearly nine weeks. Remember, we are following what they do, not what they say. Have a good day everyone.
Imperium: It still confuses me that the seeming politics within iraq can hold back an entire global banking reset. This doesn't add up to me. There's got to be much more to the story than we know.
Coyotehunter: imperium Follow The Money (internationally). Pressure is building.
[daz] KUWAIT CURRENTLY HAS THE MOST VALUABLE CURRENCY IN THE WORLD AND BORDERS IRAQ WHO HAS 50 TIMES THE LAND MASS AND10 TIMES THE POPULATION AND NATURAL RESOURCES, AT LEAST....REMEMBER THE BASICS..KNOW IT IN YOUR KNOWER
Coyotehunter: There are almost 200 other countries involved in the Monetary Reform. Concentrating on Iraq limits one's ability to understand greatly.
TeamD: Iraq is worth way too much to continue with a worthless currency, Relax would be a good word for today
Irene: Last night, our Darling ALREADY BLESSED wrote > GUYS....TONY TOLD YOU THAT THERE ISN'T MUCH INFO BECAUSE EVERYTHING IS DONE AND WE JUST HAVE TO WAIT....HUGE DIFFERENCE FROM WHEN THERE WAS ALL KINDS OF INFO BECAUSE THEY WERE DOING STUFF....THEY ARE DONE....
Brokerman: All over the planet, large banks are massively overexposed to derivatives contracts. http://freedomoutpost.com/2015/05/is-the-505-trillion-dollar-interest-rate-derivatives-bubble-in-imminent-jeopardy/
TDooley: The current Gov. of CBI is a very strong supporter of Maliki as I understand. Why would he ever allow or announce RV with Abadi PM. The lomger he makes Abadi look bad by "no increase in IQD value", & miss his promises the better for he and Maliki….. one thing that seems REMAINING to be done is to replace the current Gov of CBI. I understand that he has final say in any RV. Will he ever announce or agree to an increase (RV)? I think NOT. He is a former high official in Maliki's "gang", and is making Abadi look bad. His removal appears to be in need of being "DONE", IMHO.
Peaches: Lest we get too carried away with Ismail, he is the ACTING Governor of the CBI. Acting. Some need to research the import of this and stop assuming him Master of the Money…. HINT: Who decides who and when the Governor is appointed thereby ending the role of Ismail?... He is the acting governor AT THE PLEASURE of somebody or some body. Hardly in a position to dictate, is it?
Freedom: Russia Gets Very Serious on De-dollarizing
06.06.2015 Author: F. William Engdahl
Russia is about to take another major step towards liberating the Ruble from the Dollar System.
Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan.
That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations while at the same time strengthening the bonds between China and Russia–Washington’s worst geopolitical nightmare.
Russian Deputy Minister of Finance, Sergei Storchak, announced that his ministry is making a careful study of what would be required to issue Russian bonds denominated in Chinese Yuan. The latest news is part of a long-term strategy between Russia and China that goes at the heart of American hegemony—the role of the dollar as the leading world central bank reserve currency.
The dollar is used in some 60% of central bank reserves today. The second largest is the Euro. Now clearly China is carefully moving, as the world’s largest trading nation, to create its Renminbi or Chinese Yuan as another major reserve currency.
That has huge geopolitical implications.
So long as the US dollar is leading reserve currency, the world must de facto buy US dollar Treasury bonds for its reserves. That has allowed Washington to have budget deficits since 1971 when the dollar left the gold exchange standard. In effect, China, Japan, Russia, Germany—all trade surplus countries, finance Washington’s deficits that allow her to make wars around the world. It is a paradox that Russia and China at least, are determined to end as soon as possible.
Last year Russia and China signed enormous 30-year energy deals for delivery of Russian oil and gas to China. The payments will be in local currencies not in dollars. Already in 2014 settlement in national currencies between China and Russia in bilateral trade increased nine times over 2013.
Lin Zhi, head of the Europe and Central Asia Department of the Chinese Ministry of Economic Development announced last November that, “About 100 Russian commercial banks are now opening corresponding accounts for settlements in yuan. The list of commercial banks where ordinary depositors can open an account in yuan is also growing.” Last November 18 Russia’s largest bank, Sberbank became the first Russian bank to begin financing letters of credit in Chinese yuan.
What all this indicates is that Russia and China are carefully planning a long-term strategy of getting out from dependence on the US currency, something that, as the US sanctions last year revealed, make both countries vulnerable to US currency wars of devastating impact.
China has just been accepted “in principle” by the Group of 7 finance ministers to have its yuan included in the International Monetary Fund basket of currencies making up IMF Special Drawing Rights. Today only US dollar, Euro and Japanese Yen are included in the basket. Including the yuan would be a huge step towards making the yuan a recognized international reserve currency, and at the same time would weaken the dollar share.
China’s foreign reserves consist overwhelmingly of US dollar claims, mainly US Treasury bonds, which is a strategic weakness, because in case of war these can be frozen, as Iran knows too well. It is imperative for China to increase the gold content of the reserves and to diversify the rest into other currencies.
China has also agreed with Russia to unify the new Silk Road high-speed rail project with Russia and Russia’s Eurasian Economic Union. At the same time Beijing has announced it is creating a huge $16 billion fund to develop gold mines along the rail route linking Russia and China and Central Asia. That suggests plans to greatly build up gold as central bank reserve share. China’s central bank has greatly increased its gold holdings in recent years, though whether it is now greater than the alleged Federal Reserve gold holdings of 8000 tons is not yet public. It is expected China must reveal its gold reserves on being formally accepted into the IMF SDR basket perhaps later this year.
Last year, 2014, Song Xin, president of the China Gold Association stated, “We need to establish our gold bank as soon as possible…It can further help us acquire reserves and give us more say and control in the gold market.”
A gold sector fund involving countries along the Silk Road has been set up in northwest China’s Xi’an City this May, led by Shanghai Gold Exchange (SGE), part of China’s national bank, PBOC. China is the world’s largest gold producer.
Among the 65 countries along the routes of the Silk Road Economic Belt, there are numerous Asian countries identified as important reserve bases and consumers of gold. Xinhua reports that 60 countries have invested in the fund, which will facilitate central banks of member states to increase their holdings of gold.
Dr. Diedrick Goedhuys, former economic adviser to the Reserve Bank of South Africa in an interview told me, “I want to emphasize the unique quality of gold, when viewed as a financial asset, of being an asset that is no-one’s liability. A treasury bond, for instance, is an asset in my hands, but a liability, or debt to be repaid, in the books of the treasury. Gold is a pure asset. The Chinese gold mining plan is of vast importance. It’s a long-term plan; it may take ten years before it has a significant effect.”
Now with Washington and Wall Street increasingly frustrated at how to weaken the Ruble and China’s Renminbi, those two powers are making giant strides to break free from their dollar chains, a move that could liberate much of mankind if done in a good way.
tman23 We suspected that after the special meeting on the investment law Monday May 25th that we would see the "new currency" 50k note presented, at the very least a photo!
We did not get that...in fact it seems like the subject is fading...
But we did get Shabibi speaking out...We don't know how it is being played out but...events are coming close to speculated timelines!
Thunderhawk » June 19th, 2015, 12:44 am Backdoc Alert
VIDEO: ECB to hold emergency call on Greek bank funding Friday: sources
The European Central Bank governing council will hold an telephone conference call on Friday to discuss extending emergency liquidity assistance to Greek banks, two sources familiar with the situation said on Thursday.
The two sources, with direct knowledge of the preparations for the call, said that it would happen on Friday, a day after a meeting of euro zone finance ministers failed to agree a deal to unlock much-needed funding for Greece.
Earlier this week the governing council, which includes the euro zone's 19 central bank chiefs and members of the ECB's executive, extended emergency funding to Greek lenders to 84.1 billion euros.
Emergency funding has been rising steadily in recent weeks as Greek savers withdraw more of their cash because of worries over whether the country will default and be driven out of the euro zone.
Thunderawk » June 19th, 2015, 1:52 am
Russian Bank to Hold 50% Stake in Company Extending Gas Pipeline to Greece
The Greek Energy Ministry said that a subsidiary of Russia’s Vnesheconombank will hold a 50 percent stake in the construction company that will be building the extension of the Turkish Stream gas pipeline to Greece.
MOSCOW (Sputnik) — A subsidiary of Russia’s Vnesheconombank (VEB) will hold a 50 percent stake in the construction company that will be building the extension of the Turkish Stream gas pipeline to Greece, the Greek Energy Ministry said in a statement Thursday.
The Greek Ministry said that a subsidiary of VEB bank “will take a 50-percent stake in the construction and administrative company [of the Turkish Stream extension to Greece.]”
The Turkish Stream is a proposed pipeline with an annual capacity of some 63 billion cubic meters. The pipeline will run from Russia to Turkey across the Black Sea, ending in a gas hub on the Turkish-Greek border, from where it is planned to continue to southern Europe. It is expected to become operational in December 2016.
Earlier on Thursday, Russian Energy Minister Alexander Novak said that Moscow and Athens will sign an agreement on the construction of the extension of the Turkish Stream pipeline to Greece on Friday.