Poppy3 LIKE ABADI SAID THEY AREN'T GOING TO BREAK FOR ANY HOLIDAY TILL THEY COMPLETE THEIR JOB.
IF YOU HAVE PAID ATTENTION FOR THE LAST 3 MONTHS AND LONGER ABADI FOR OUR PURPOSE HAS BEEN VERY TRUSTWORTHY.
HE HAS BEEN LIKE DR SHABIBI WAS AND HAS NOT LIED TO US.
HE ALSO HAS BEEN A WORKAHOLIC.
YES SOME DEADLINES HE HAS SET HAVE PASSED BUT NOT BECAUSE OF HIM...HE HAS CONTINUED TO PUSH THEM AND PROMOTE FAVOR BETWEEN ALL TRIBES ETC.
Isaiah 9 7: WF ATM BANK SCREEN
I just went to WF to put in a deposit and the screen read two things:
1) They have new foreign currencies inside and
2) They are not charging any fees for foreign currency exchanges! hmmmmmmm
Topic: Make the most of yourself, for that is all there is of you. Ralph Waldo Emerson
Robert E. June 1, 2015
I would like to offer a rebuttal to the negative perspective about following intel....i see this as the most fascinating and important event that has occured on this planet in MORE than 100,000 years.....
Yes following the intel has ups and down...but what a Story this is....the moving of this planet and humanity from being dominated by a few to being freed to explore the galaxy and beyond...
I personally want to follow every curve ball, knuckleball, and wild pitch that comes toward the plate...
I will be able to say I wasn't just on the planet when this ocurred....I was aware and an active participate in the Process...
G T June 1, 2015 at 12:26pm
FOREX-Euro skids as Greece misses debt deal deadline
Mon Jun 1, 2015 4:11am EDT
* Euro broadly softer, retreats from one-week high vs USD
* Greece misses self-imposed deadline for reaching agreement
* Dollar/yen hovers just below highest peak since 2002
By Jemima Kelly
LONDON, June 1 (Reuters) - The euro tumbled on Monday after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and potential exit from the euro zone.
Athens and its euro zone and International Monetary Fund (IMF) creditors have been locked in talks for months, with the single currency reacting to any signs of deadlock or breakthrough.
Without a deal, Athens risks default or bankruptcy in weeks. It faces a payment to the International Monetary Fund on Friday and the expiration of its bailout programme on June 30.
"It's becoming increasingly unlikely that (Greece) will be able to get the funding without some kind of political disruption along the way," said Hamish Pepper, a currency strategist at Barclays bank in London.
For More Information Click On URL BELOW
Backdoc » June 1st, 2015, 11:49 am THESE ARTICLES DO A GREAT JOB EXPLAINING WHERE THE DONG HAS BEEN AND WHERE IT IS NOW, BUT IT DOESN'T MENTION AS WE JUST READ IN OTHER ARTICLES THAT VIETNAM PLANS TO ADJUST THEIR CURRENCY TO A REALISTIC RATE IN 2015 AS THEY SAID.
WILL THEY TAKE THE OPPORTUNITY TO DO IT IF THE GREXIT OCCURS? MMMMM
THINK GLOBAL MY FRIENDS!
SOON I WILL TALK TPP AND THAT'S NOT, "PLEASE DON'T SQUEEZE THE CHARMIN" !! DOC
Last update 10:20 | 01/06/2015 0
Central Bank to stablise exchange rate within set range
The State Bank of Vietnam (SBV) will keep the fluctuation of the VND/USD exchange rate at a maximum of 2 percent in 2015, as set in its policy for the year, despite the fact that the rate has already been adjusted by 1 percent twice this year.
The central bank raised the inter-bank average exchange rate between the VND and USD by 1 percent on May 7, from 21,458 VND to 21,673 VND per 1 USD. Banks may set their rate within a range of +/- 1 percent of the SBV-set inter-bank average rate.
On January 7, the SBV also adjusted the inter-bank rate with an increase of 1 percent.
SBV Deputy Governor Nguyen Thi Hong said the 2 percent fluctuation range was set on the basis of socio-economic development targets set by the National Assembly and forecasts on macro-economy and the domestic and international monetary situation.
The recent adjustments were based on economic and psychological factors along with market expectations, she noted.
The SBV will continue to closely following changes in domestic and global markets and predictions to employ appropriate monetary policy tools, ultimately keeping the exchange rate stable and within the set range, she said.
Hong said that although rapid appreciation of the VND may benefit exporters, it will be disadvantageous to manufacturers of export products made from imported materials, since they will have to pay more in VND to buy raw materials.
Data in 2013 showed that the textile and garment sector imported 82.5 percent of the necessary materials, the wood product sector 70 percent, and the footwear industry 50-60 percent, all of which produce key exports of Vietnam.
If the exchange rate adjustment exceeds 2 percent, payments on the Government’s foreign debt obligations will be increased, negatively affecting efforts to control public debt within 65 percent of GDP. Businesses’ foreign debt payments will also be raised accordingly.
The Deputy Governor also noted that the domestic currency is not overvalued, citing a recent study of IMF experts which said the VND/USD rate is in an alignment stage.
The set fluctuation range will also help curb possible inflation, even though inflation is currently under control, she added.
Dollar price fluctuates despite SBV’s exchange-rate adjustment
VietNamNet Bridge - The dollar price continued to fluctuate after the State Bank devalued the dong by one percent earlier this month. Meanwhile, the State Bank said there would be no further dong/dollar exchange rate adjustment this year.
Vietnam, dollar, foreign exchange rate, SBV
To many people’s surprise, the dollar price did not cool down after the central bank announced the dong devaluation by one percent on May 7. The dollar prices quoted by commercial banks were just VND45-50 per dollar below the ceiling level.
Some economists, while commenting that the “dose of medicine” the State Bank prescribed for the foreign exchange market was not strong enough, continued to urge the bank to devalue the dong further.
They said the State Bank should not try to devalue the local currency by no more than 2 percent in 2015, emphasizing that the 2 percent limit should be broken, if necessary.
However, the central bank does not intend to adjust the dong/dollar exchange rate again this year as the 2 percent “quota” has been used up.
Nguyen Thi Hong, deputy governor of the State Bank, late last week said that the dong devaluation of more than 2 percent would not occur.
“The 2 percent devaluation limit was set after we thoroughly considered the forecast for macroeconomic conditions, the domestic and international monetary markets and the predicted surplus in the international payment balance,” Hong said.
Thus, the State Bank has every reason to maintain a maximum 2 percent dong devaluation.
Hong, speaking to local newspapers some days ago, said the dong/dollar exchange rate needs to be stabilized until the year end for six reasons.
First, the sharp devaluation will benefit exporters, but not importers and the businesses relying on foreign material imports. Meanwhile, textile and garment companies have to import 82.5 percent of materials they need. The figures are 70 percent for wooden furniture manufacturers and 50-60 percent for footwear makers.
Second, Vietnam’s total import turnover is equal to 80 percent of GDP, which shows Vietnam’s production heavily depends on import materials. This means that the weak dong will do more harm than good.
Third, the dong devaluation will increase Vietnam’s foreign debts, while the government has to make every effort to curb the public debt at below 65 percent of GDP.
Fourth, the devaluation may lead to a higher inflation rate, especially when the crude oil price has bounced back in the world market, having exceeded the $60 per barrel threshold.
Fifth, the dong is not overvalued as some analysts said, after the State Bank devalued the dong sharply by 9.3 percent in 2011, and 1-2 percent per annum since.
Sixth, credit institutions still can buy more than sell foreign currencies from economic institutions and individuals, which shows an abundant supply of dollars.
Backdoc » June 1st, 2015, 12:24 pm
WHEN I WROTE THE MATRIX PART TWO, I MENTIONED THE SECOND WINDOW BEGINS IN JULY!
HOW LONG DOES IT TAKE FOR AN ACCIDENT TO OCCUR? MMMM
REMEMBER THEY SAID THEY WILL HAVE NO TROUBLE PAYING SALARIES THEN.
NOW IT SEEMS THE TARIFF LAWS WANT TO WAIT TILL THEN AS WELL. MMMM
WITH ALL THE TALK OF CHARMIN I NEVER TRUST A .... , IT MIGHT CAUSE AN ACCIDENT! LOL
stand4christ: Great insight, doc!!! Thank you for that!!!
Greece might actually have a "hidden rabbit" in the magician hat; either way, looks like to me, the end result of EURO will still go along with the sight you share. With the possible "hidden rabbit" coming out, Greece might actually have a chance to come out on top as a result of Grexit.
If that happened, not only Greece might have found her "Alexander the Great", that result would also throw the entire Europe into an immediate turmoil, since we have Portugal, Spain, and possibly France all be lining up to do the similar, if not the same, thing.
If that happened, EURO will go down A LOT quicker than many would have imagined.
Backdoc: I'M SURE YOU ARE RIGHT THEY WILL BE WELL POSITIONED FOR THE ACCIDENT BY DEFAULT!
AMAZING WHAT COULD HAPPEN FOR GREECE IF THEY WERE HOLDING WORTHLESS CURRENCY AT THE TIME IF CRISIS BUT IF AFTER THE CRISIS WAS OVER ....IF THAT WORTHLESS CURRENCY HAD AMAZING VALUE ....ALL SINS COULD BE FORGIVEN!