Late Friday Night:
FreedomBoomer: I am reposting currency 365 says this wk...this is big news.... https://www.youtube.com/watch?v=dbopYb-lY2c&feature=youtu.be
NetGlobal: Freedomboomer, that was a very good explaination of the WB loan and the things that must happen in the next 6 days in order for the loan to complete.
Briona: So it looks like it is to go from any minute to mid January. It is any ones guess at this point.
NetGlobal: Yeah I think so Briona. I just listened to freedom365 and he is saying that the WB loan to iraq is dependent on iraq showing the new value by dec 31st. So that falls inline with the other intel
Goodtimes1: Yes no new rate no loan
Isa52bc: Here is what I will say: I watched the chart drastically change right before my eyes for one of the currencies we hold at 7:54 PM mst…. OK, for everyone who is asking about what I'm seeing on forex...we are waiting to see if the number holds until tomorrow. Let's all hope it does! That is all I will share at this point.
Lilypad: According to Frank26 Monday call, we should be able to see some changes beginning on Dec. 26th. Only time will tell!
Iko Ward: Forex showing weakening on the dollar. Lots will be happening tomorrow and Sunday in the back rooms. Also look at gold and crude as well. IMO this is no longer about Iraq. It's really when China decides to go.
Smartblonde55: Iko, how long is China's fuse?
Iko Ward: Smart blonde...days
Isa52bc: Iko, Thank you! I'm ready!!!!!!! China seems like they are making moves to be ready as well. Your thoughts on the press on the new AIIB from China?
Iko ward: Isa, it's all there
Isa52bc: I have been watching this pair [USD/IQN] for nearly two years. I take several print screens daily. I watch whales do their trades at specific times of the day. Tonight I watched this chart change before my eyes in a way that was not a whale trade, it is a whole lot better...and it is still holding!
Danblessed: Whale trade?
Isa52bc: Dan, yes...these trades are done at very specific times of the day with very specific values of the currencies we hold. I am only able to see them happening for less than two minutes at a time.
Crushr13: Well, Tony kept saying a prime time for it to happen is on a long holiday weekend. Wow! Like this one here. And at the end of the year, for bookkeeping purposes. Sure hope he was right!!
Frank26: The ME (Middle East) is not of our Ways.
The unexpected should always be ............ Expected.
So to See this aggressive March is ............. Impressive.
For now ....... Ours is to simply Wait ................ A Much Shorter Time than has been.
God Bless You My Dear KTFA FAMILY .......... DREAM ......... As they are the Blueprints of Your Future.
Aloha .......... \m/ KTFA Frank
Walkingstick: Rafidain Bank reaffirms its commitment to international standards on the subject of money laundering
BAGHDAD / JD / .. confirmed that the Rafidain Bank, the subject of money laundering in which the criteria set of global institutions, while noting that Iraq depends on dealing direct cash to the lack of comprehensive technical.
The general director of the bank on behalf of Kamal al-Hassani said in a statement / dinars / received a copy of it: that global institutions and on the track central banks in both countries reported the instructions of banks operating with in accordance with the know your customer and form particular to identify the sources of money a person before the base to start with the exercise of banking activity and nature status and potential and the activity that he is doing.
He noted that when there are revenues be confirmed according to fixed criteria to be adopted either everyone in Iraq, it is countries that rely on direct cash deal in light of the lack of comprehensive technical institutions and banks both civil and governmental and specialized.
He stressed that citizens rely on the Rafidain Bank in bid farewell to their money because he did not witness any position to be the bank's breach of its obligations and its agreements towards them. / End / 22 /
JJonesMX: Iraqi Government activates customs duty law and ... - Ernst & Young
Iraqi Government activates customs duty law and issues new sales tax instructions On 4 June 2015, the Iraqi General Secretariat of the Council of Ministers announced that the Council has resolved to approve the imposition of customs duties and sales taxes with effect from 1 August 2015. Customs duties and sales taxes are to be collected at all points of entry without exception, in accordance with Article 33 of the 2015 Federal Budget Act.
This follows the publication of the Iraqi Federal Budget Act in the official Iraqi Gazette on 16 February 2015. The budget includes several articles intended to raise revenues and increase borrowings in order to address the projected deficit consequent to the decline in global oil prices.
Article 33 introduces sales tax on specific items detailed below and also serves to activate the: • Customs Duty/Tariff Law No. 22 of 2010, as amended • Consumer Protection Law No. 1 of 2010 • Iraqi Goods/Products Protection Law No. 11 of 2010 Customs duty Although Iraq’s Custom Duty Law No. 22 of 2010 was published in the official Iraqi Gazette on 6 December 2010, its implementation was postponed.
As a result, the 5% Iraq reconstruction levy introduced by the Coalition Provisional Authority (CPA) has continued to apply. The new law that is expected to apply from 1 August 2015 introduces customs duty rates ranging from 5% to 40%. Sales tax The Minister of Finance has issued new sales tax instructions (Instructions No. (5) of 2015), which are applicable from the date of publication in the official Iraqi Gazette, 4 May 2015.
However, the recent announcement from the Council of Ministers suggests that the practical application will be from 1 August 2015. The following table provides a summary of these sales tax instructions, the applicable rates, the filing requirements and due dates:
Read more here..
https://www.google.com/url?sa=t&source= ... zIpIeWj4Lg
Beny: The Dow is on the verge of doing something it hasn't done since 1939 — and it's not good
Sat, Dec 26, 2015, 9:21 AM EST - U.S. Markets closed
Business Insider By Myles Udland December 23, 2015
The Dow Jones Industrial Average has lost about 1.5% so far this year.
And while stocks usually go up, the decline in the blue-chip index this year has been particularly surprising given that it's the year before an election.
Even more bullish for stocks heading into 2015 was data showing that years ending in "5" following a mid-term election have been uniformly positive for stocks.
Alas, 2015 has not been that kind of year.
Here's Charlie Brown, director of floor communications at the NYSE (emphasis ours):
What was once viewed earlier in the year as a positive year for the Dow is currently negative to date. I am reminded lately by traders and a myriad of articles that typically the year before an election year is the strongest of a 4-year presidential term.
On average (based on data going back to 1933), the Dow Jones Industrial Average gains 10.40% during pre-election years. So far, we are facing negative growth during a pre-election year which would mark the first time this has happened since 1939, according to the traders almanac. However, the year is not over until, as they say, the "fat lady sings." It is the general sentiment amongst the trading community that we will rally into the close of the year. We shall see if it is enough to reverse the fortunes of the Dow.
Now there's no strong fundamental underpinning of so-called "Election Cycle" analysis of the stock market, but this is still a thing folks out there are paying attention to.
For better or worse.
On Friday, the Dow was up about 130 points and higher for the third straight day, though the index was still below the level where it was ahead of the Federal Reserve's interest-rate announcement last Wednesday.
But overall investors and traders waiting for the "Santa Claus" rally to materialize, as the final 15 trading days of the year are higher about two-thirds of the time, according to data from Bespoke.
This year, however, this has been a major disappointment.