BigTex: Good Morning Family... When was Dizzy in OM?
Msgemini: On Nancy's segment, she mentioned the "Wanta Reagan Mitterand Trust" (Google it) and Dizzy came in an explained some of the history. When asked he also said he believes Iraq will revalue in time to attain WTO acceptance. He believes this is our time. No other details.
"Trust" is valued at $41.7 Trillion and is to be paid to every American citizen 18 or older aftre we are again asset backed. He stated it should be $485,000 per person and many details will have to be determined and completed.
"Wanta Reagan Mitterand Trust" (Google it)… Also google "Leo Wanta" - A very compellig story!
Drakechap: Dizzy is very informative and even back in December he was not calling for this to happen until about March
BigTex: I think we will be surprised by how fast things move in the next couple of days.. Be ready!
Msgemini: BigTex - I'm ready for the surprise!
BigTex: Me, too MsGemini... Huge amounts of intel being spread around from some very high sources!
Yada: Our waiting is like that of the old British empire in battle. There were two lines of musket fire. The first one would fire on the enemy while the second one would fire and hold their position until instructed to retreat so the second line would rise up and take their position to fire and defend,,Some of you are discouraged while some of us are firing/defending,,, Within the next few hours,,we all will be given instructions to stand down for the victory is won
Xyz: G-20 draft: Ultra-easy policy alone can't help http://www.cnbc.com/2016/02/27/g20-to-say-world-needs-to-look-beyond-ultra-easy-policy-for-growth.html The world's top economies are set to declare that they need to look beyond ultra-low interest rates if the global economy is to recover.
Xyz: Lew: (*) ~"most heightened"~ since the financial crisis, Jack Lew, the US Treasury Secretary, said leaders would need to use ";all policy levers" to boost growth and lift the world out of its current malaise. http://www.telegraph.co.uk/business/2016/02/26/g20-leaders-split-on-how-to-kick-start-global-growth/
Xyz: G20: pledges not to engage in competitive currency devaluations and pledged to "consult closely" on exchange markets. http://www.reuters.com/article/us-g20-china-communique-idUSKCN0W004T
Xyz: Bank of America prepares to make investment banking job cuts http://www.cnbc.com/2016/02/27/bank-of-america-prepares-to-make-investment-banking-job-cuts.html
IMF's Lagarde sees renewed sense of urgency to act collectively
IMF Managing Director Christine Lagarde warned that without collective action by global policymakers, the global economy could derail, but added that she sees a renewed sense of urgency to act in concert.
She was speaking at a news conference at the conclusion of the G20 meeting of finance ministers and central bank governors in Shanghai Saturday.
IMF Managing Director Christine Lagarde Calls for Bold, Broad and Accelerated Policy Actions
Press Release No. 16/83 February 27, 2016
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting in Shanghai, China:
“This G20 met at a moment when uncertainty and increasing downside pressures could put at risk the global economic recovery.
In response, G20 members expressed a strong sense of urgency to implement the policy actions needed to contain risks and strengthen growth.
"We recognized the many challenges facing the global economy at present: volatile markets and capital flows; economic transition and tightening financial conditions in many countries; the large drop in commodity prices, including oil; and escalated geopolitical tensions, including the large number of refugees in some regions.
“Against this backdrop, I welcome the G20’s agreement to do more to achieve our common objectives for global growth. That means using all available policy tools:
• First, a broad-based response at the national level. In advanced economies, this requires a mix of mutually reinforcing demand and supply policies, including continued accommodative monetary policy and supportive fiscal policies--making the best possible use of fiscal space (for example, through infrastructure spending). In emerging economies, it requires reducing vulnerabilities and rebuilding resilience--strengthening fiscal buffers and diversifying growth models in commodity-exporting countries, for example.
• Second, bold multilateral actions. This requires following through on past G20 commitments and, in particular, renewed momentum this year to deliver on the goal of achieving 2 percent additional growth by 2018. Reinvigorated structural reforms are a critical element of the necessary policy package, and I welcome the G20's commitment to enhance this agenda by formulating a set of principles to guide prioritization. The IMF is pleased to support this effort.
“The G20 also emphasized the importance of an adequate and effective global financial safety net. The IMF has been tasked with analyzing this issue further and we will report back at the next G20 meeting in April.
“In summary, at this meeting, the G20 recognized that while the global recovery continues, it remains too weak and uneven--and falls short of our collective ambition for strong, sustainable and balanced growth. To confront this challenge, we need action now.
“Finally, I would like to express my deep appreciation to the Chinese authorities for their always generous hospitality--especially to People’s Bank of China Governor
Zhou Xiaochuan and Finance Minister Lou Jiwei. I look forward to continue working closely with them throughout this year of China’s leadership of the G20."
Managing Director’s speech on structural reform http://www.imf.org/external/np/speeches/2016/022616.htm
IMF Surveillance Note for the G20, February 25, 2016 http://www.imf.org/external/np/g20/022616.htm
Poppy3: WAITING TO SEE IF THEY ACT ON THEIR REPORT ON THE FIRST.
I HEARD TODAY THEY ARE STILL PREPARING FOR SEVERAL DIGNITARIES TO BE IN ATTENDANCE IN BAGHDAD ON THE FIRST DAY OF MARCH.
TIME WILL TELL BUT MANY ACTIONS LATELY HAVE SHOWN URGENCY TO GET THINGS COMPLETED
Frank26: DELTA MARK ......... TRILLIONS.
JamJam: ZACKLY..LOL….How can they sell TRILLIONS JUST IN COUNTRY. ?
IMO they couldnt come close to that in 50 years, much less 4 to 5 years of selling them to JUST the citizens.
IMO.....INTERNATIONALLY...? YES!!!! MOST DEFINITELY.
IN COUNTRY..??.......NO!!!!!!!! YEAH OK. Lol
Walkingstick: The central bank plans to launch currency bonds through next March $ 7 trillion dinars
BAGHDAD - Iraq Press - February 27: The governor of the Iraqi Central Bank and the Agency, on the Keywords, on Saturday, on the importance of an auction of foreign currency sale to maintain the stability of the dinar exchange rate and that it "does not constitute a waste of public money or smuggling him," revealed the launch the sale of government bonds through next March.
Keywords and said that "the central bank's strategy for the years 2016- 2020 will witness a qualitative leap," noting that "the percentage of Iraqis who use the banking system as it is ambitious amounting to only ten percent."
Keywords revealed, for the "launch the first government bonds traded through next March," returned to "the auction of foreign currency is not a waste of public money or smuggled to him."
He warned the governor, of "restrictions on the sale of foreign currency," noting that it "will lead to the lifting of the dollar's exchange rate against the dinar."
Keywords saw, that "the presence of more than fifty banks in Iraq, a large number," calling for "the integration of the private banks to reduce their number in proportion to the actual need."
He said the central bank governor and the agency, that "the banks that granted leave recent establishment will not enter sell the currency effect only after years and the investigation of the practice and commercial banking, real," pointing out that "the central bank obliged to grant Muaqath to open new banks as long as it achieved the necessary conditions and guarantees" .
Keywords acknowledged, as "there are many problems in banks when retrieving loans of citizens," noting that "the loan guarantees are given real estate, and when delayed or beneficiary refuses to repay the resort to book estates come up against the intervention of the clans that prevent it."
Governor of the Central Bank pledged to the agency, that "the Bank restores all amounts deposited by citizens in the Rafidain and Rasheed bank branches and seized by the terrorist organization Daash in Nineveh province, its center of Mosul (405 km north of Baghdad), after its liberation."
The bond sale is one of the solutions developed by the state to ease the financial crisis as a result of the decline in world oil prices. Q ended
CSHessman: He warned the Keywords, of "restrictions on the sale of the foreign operation," noting that it "will lead to the lifting of the dollar's exchange rate against the dinar."
Frank26: CC NOTES: There are THREE instructions to the CBI and IMF ........ They want them to do these three things before the end of February ..........
This is one of them.
Tell me FAMILY ....... What are the other TWO?
Speedracer: stop the MCP (multi currency practice) = stop using USD
JackFrost: The answer maybe within the PDF file pg# 20 at the following link:
Don961: 19. The government will gradually remove remaining exchange restrictions and multiple
currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards
acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a
positive signal to the investment community that Iraq is committed to maintain an exchange system
that is free of restrictions and MCPs for current international transactions and thus facilitate creation
of a favorable business climate. As a first step, the government will, by end-February 2016, amend
the Investment Law, or issue clarifying implementing regulations, to remove the limitation on
See Country Report No. 15/235. Iraq: 2015 Article IV Consultation and Request for Purchase under the Rapid
30 INTERNATIONAL MONETARY FUND
transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a
recent technical assistance mission of the IMF.