AdminBill: FOR MY GOOD FRIENDS GEG, RC AND SCOTCHIE...NOTHING IS HAPPENING HERE AND IRAQ IS NOT READY. FOR THE REST OF THE ROOM YESTERDAY WAS A WHIRLWIND OF ACTION AND INFORMATION WITH SEVERAL INDEPENDENT CONFIRMATIONS FROM MULTIPLE SOURCES OF SKR CONVERSION TO CASH.
WAITING TO HEAR FROM MAIN CONTACTS TODAY WHO HAVE BEEN SILENT SINCE YESTERDAY.
IT IS AWESOME TO HAVE THE HOPE WHICH IS A GOD GIVEN QUALITY BUT NECESSARY TO USE ANOTHER GOD GIVEN QUALITY - DISCERNMENT.
IN THAT RESPECT PAY ATTENTION TO GEG, SCOTCHIE AND RC AS THEY BALANCE OUT THIS ROOM ALONG WITH OTHER LIKE MINDED MEMBERS.
Blondie: IMHO everything is pointing to this going down at any minute. If pulled up the article on my earlier post regarding the Canadian bank bonds, the situation is critical. Also, the emergency G20 meeting in China!
SilverFox: Bruce says thinks soon; doesn't believe September / October
9thOrbit: Frank26: IMO….I feel that we are very close…IMO there are some things being done right now…Not only with the Iraqi dinar but with many currencies around the world…
HappyFeet: Good Morning Everyone would like to share what G20 team will be focusing on...With central bank meetings in both the U.S. and Japan next week, there is likely to be a focus on currencies and current monetary policy settings globally.
heres the article: http://www.businessinsider.com/r-in-china-meeting-g20-has-chance-to-soothe-post-brexit-jitters-2016-7
Chief53: 9th Orbit, my understanding is that finance ministers and "all" central bank governors will be there
9thOrbit: “G20” stands for the world’s major 20 economies including the United States, European Union and China. The Chengdu meeting is the last ministerial-level get-together ahead of the 11th G20 Summit to be held in Hangzhou during September 4-5.
Beams: Bruce said on his call that there were arrests happening to traders > http://www.zerohedge.com/news/2016-07-20/hsbc-global-head-fx-cash-trading-arrested-jfk-airport
Landa Global CC Wednesday 7-20-16
Landa Global has been hosting a dial-in conference to inform holders of assets and intermediaries of the current status of the historic bond processes, and general information in respect of procedures.
In addition, Landa and Humanus host Guest Speakers that offer a glimpse into the various Project sectors Humanus is actively supporting, as well as funding.
To access the weekly conference, please observe the following information:
Date: Each Wednesday
Time: 4:00 p.m. CST (USA) or 5:00 p.m. EST (New York)
Conference Number: 641-715-3580
Access Code: 484-959#
International: See international call numbers below. Access code is the same as above.
Dinar Chronicles: :
SITREP 12:00:00 EST Wednesday July 20, 2016
All Wells Fargo banks are implementing changes this morning.
They have installed several brand new De La Rue counting machines in branches this morning.
This was done to better serve the large influx of customers expected to arrive in banks over the next few days.
New machines will streamline USD to USN conversion process and more quickly accommodate walk in clients when the new currency does come out.
Wells Fargo (Wealth Management: San Diego) was pushing to get as much ZIM in today at pre-RV rates, saying today was the last day for them to get it in. Seems to imply they have an idea the RV will happen today after the markets close.
Past SKRs are now liquidating with new accounts said to be hydrating (active) on Thursday.
Current Sovereign Rates:
(*Chase not offering ZIM sovereign rates. Only Wells Fargo can offer higher sovereign rates on all currencies, including ZIM redemptions, which is the highest first basket redemptive currency by far).
A group of 9 Russians in USA were caught micro shorting the Ruble. They were sent back to Russia by international treaty via Republic military forces for "punishment."
Toll free 800# release can show up at any minute. Final performance time is being kept a mystery for security purposes. Consider all systems "go."
HSBC Currency Trader Arrested at JFK. http://mobile.reuters.com/article/businessNews/idUSKCN1001T1
Italy's October Referendum may destroy EU. http://www.express.co.uk/news/world/691326/Italy-prime-minister-Matteo-Renzi-political-financial-break-down-Eurozone-European-Union
Global Finance Ministers meet ahead of G20. http://m.scmp.com/business/markets/article/1992165/yuan-gains-ahead-weekend-g20-ministers-meeting
Behind the scenes Paul Ryan working his agenda behind at Cleveland convention. http://mobile.reuters.com/article/idUSKCN10019Z
Iran Exploring Return to Global Bond Market.http://www.bloomberg.com/news/articles/2016-07-19/iran-exploring-return-to-global-bond-markets-after-14-year-break
US may lift Sanctions on Russia for cooperation on Syria. http://m.sputniknews.com/politics/20160717/1043166044/us-russia-syria-sanctions.html
RE: Exchange rate and disinformation!
Full post here: http://www.dinarrecaps.com/our-blog/news-rumors-and-opinions-wednesday-morning-7-20-16
Frank26: YOUR MONDAY CC NOTES :
They are RE-RUNNING THE MONETARY REFORM to the CITIZENS on TV and TELLING them ............... STUFF. Very Ta Da !!!
KTFA Frank.............. Citizens are being given INSTRUCTIONS .............. Are also in Your CC NOTES.
Samson: Worse Than Brexit: How Italian Banks Could Ruin European Economy
People walk on a bridge which leads to business center and the Unicredit headquarters building, center, in Milan, Italy (File) 20.07.2016
The problems that Italy’s major banks have been facing recently could well cost Prime Minister Matteo Renzi his post, push the country towards an Italexit scenario and wreak havoc on the whole European banking sector, according to financial analysts.
According to a recent report published by the International Monetary Fund, Italy Selected Issues, Italian banks have about €360 billion ($525 bln) in nonperforming or bad loans on their balance sheets. This sum is equal to about 25 percent of Italy's GDP.
It includes almost €200 billion ($290 bln) worth of bad debts and €124 billion ($136 bln) in likely defaults as well as other assorted non-performing loans.
Another way of looking at it is that around 17 percent of Italy's bank loans are bad.
How bad the situation is should be made clearer with the release of results of the European Banking Authority's (EBA) EU-wide stress test later this month.
The study may highlight the need for further recapitalizations, and there has been much talk recently on how this should be addressed — particularly regarding the troubled Monte dei Paschi di Siena, one of the main banks in Italy. Market research estimates that Monte dei Paschi di Siena’s capital shortfall alone could range between €2 and €6 billion.
The country’s Prime Minister Renzi is worried that this will lead to a collapse of several major Italian banks, which could trigger a broader financial crisis.
So he wants to organize a government bailout of Italian banks, injecting $45 billion into the banks to provide the cushion they need to ride out a wave of loan defaults.
However, it runs afoul of European Union rules, which prohibit countries from bailing out their banks without making the banks’ investors pay first.
Under a relatively new European law, a bank’s own creditors — investors in the banks’ bonds — must incur losses before the government can spend taxpayer money shoring up the bank's finances.
This argument, according to the Vox blogging platform, assumes that a bank’s creditors are “wealthy, sophisticated financial institutions that understand the risks they’re taking on.”
However, according to Bloomberg, 45 percent of Italian bank debt is held by ordinary Italians. That means complying with the EU rules could mean some Italians lose a big chunk of their life savings.
The agency urges the EU “to act fast to change the vernacular of austerity that has alienated voters and restricted the ability of national governments to put together policies for growth. Italy must be allowed to take a page from the Spanish playbook.”
It further recalls Spanish Prime Minister Mariano Rajoy's decision in 2013 to reject EU-style austerity in favor of corporate tax cuts and some labor reforms which helped pull Spain out of its economic recession.
Rajoy set up a bad bank to bail out the distressed good ones like Banco Popular and Banco Santander, stabilizing the sector and unlocking lending to the real economy.
Italy needs similar medicine (and more), it now says.
Meanwhile, Prime Minister Matteo Renzi would like to aid the banks without forcing investors to share losses.
Thus he requested a six-month waiver of EU rules that require investors to be "bailed-in" for state aid to be given except in exceptional circumstances.
Germany has objected, but it has not closed the door entirely, no doubt recognizing that the alternatives to the current government are grim, Bloomberg says,
Renzi, who has stood up to the European Commission in the past over budget restrictions, is likely to choose to break the state-aid rules rather than risk a financial collapse and defeat in October’s constitutional reform referendum, it therefore suggests.
The vote, the agency believes, could easily turn into a vote of confidence in Renzi's performance in office and even on whether or not Italy should stay in the euro.
Italy's second largest party, the populist, euro-skeptic Five Star Movement, which has enjoyed gains in recent local elections, is calling for a wider referendum on Europe.
Meanwhile, the fear is that if the Italian banking system collapses, it will drag the rest of the EU down with it. If Renzi follows EU rules and bails in the failing banks, mass protests will bring down the government and will bring in Five Star Movement.
One of Five Star’s promises is to leave the euro common currency while remaining in the EU. They maintain that returning to the lira will allow Italy greater control over its economy, but blowback may push Italy out of the EU.
If Renzi ignores EU banking rules and uses taxpayer money to bail out the banks, he will face some sort of EU sanctions.
If the referendum fails, the Prime Minister said he will quit, meaning his center-left government may fall and the problems will probably become more entrenched.