NewCreation: This sucks that PTB could have avoided a crash, but instead let it fall...I can't wait for the truth in 15 years from now...wow
Paperbag: all markets down will eventually force the rv
KansasChick: DOW is bouncing back and forth above and below 17,000. Right now 16,995.
G8way2K: The Dow has been synonymous with our expectant RV...up and down. Let's see what the 'end' of the trading day brings, then whisk ourselves into tomorrow for another round.
Silverwing: Is this the GCR correction for the US and China???
Four2atous: Silverwing According to sources US will take a 30% hit.....then another 30% hit in 6 months bringing US down to 49% of last appraised value......so every percentage point we raise now will allow a more stabilized economy ....even keel.
Silverwing: Four2 - thanks - So a 2% or 3% correction is only the tip of the iceberg?
Four2atous: Silverwing Perhaps an ultimate goal?
Paperbag: it looks like we are doing the rv the hard way!!!! Fortunately we know whats going on…. the rv could have been done these easy way for many months now...china is applying pressure again
Four2atous: Shanghai's 7% Crash= http://www.bloomberg.com/news/articles/2016-01-04/chinese-stocks-in-hong-kong-extend-annual-slump-as-yuan-declines
Four2atous: “EU rules capping bonuses (this will have cause and effect)= http://www.bloomberg.com/news/articles/2016-01-04/city-2016-bonuses-seen-a-fraction-of-private-equity-survey-says
ADOG: Pope's first prayer of 2016 .http://www.catholicnewsagency.com/news/pope-prays-first-angelus-of-2016-calling-for-vigilance-against-evil-32302/
rv0531 : here's a bit of solid news...just got back from a local wf bank. spoke to branch manager. he thought I was there to buy. he told me he's helping another guy who is with a group.
He gave me his card and told me to call him when it happens and he'd take me to the downtown branch
The first time I went to the bank about this. I told him I had a considerable amount of various foreign currencies.
What I found interesting is that although this is a foreign currency exchange branch, he said we could do it there or he could take me downtown
Q: [Have you completely ruled out a Float of some sort... maybe not starting at 1190... but at a higher figure?]
wmawhite : IMO, even if it was to start to float, would it not start to be exchanged/bought/sold at a true value...not an artificial value...and [does] the world believe that the true value is much greater than 1166 or whatever.
Q: [...when I first started in this the rate was 1170, then they moved it to 1166... now its 1182? for an APR rate, it sure is moving around.]
wmawhite; The term "rate" is not a true description. The IQD has a buy/sell value given to it by the IMF for use inside of Iraq. We are waiting on an exchange rate to be given to it.
Emailed to Recaps:
Replay of Awake-in-3D call last night:
Let’s Talk GCR / RV w/ Deb & Sean Episode #6 After GCR/RV Exchanges: What's the Plan?
Frank25: TEAMS are always with us on CCs.......... In one form or another.
Can I ask You something ............ ???
What happened from 31st to a 1st?
Where are the T and T's? (Taxes and Tariffs)
Where is the 2016 Budget?
ON YOUR CC TONIGHT WE WILL ANSWER THESE QTS.
TWO ........... NEW ........... FILES OPENED FOR KTFA FAMILY TONIGHT.......... TELL THE NET WE SHARE !!! !!! !!!
THE OTHER FILE IS ABOUT ......... THE DONG .......... IT WILL BLOW YOU OUT OF THE OCEAN !!! !!! !!!
FINALLY ........... HOW ARE YOUR FILES ON THE USD AND ....... THE PRICE OF OIL ??? ??? ???
LIKE YOUR F E CC (Friday Emergency CC )................ WE SHARED AN UNDERSTANDING
WHAT WE SHARE TONIGHT IS ......... NOT ON THE NET !!! !!! !!! KTFA Frank
Walkingstick: Minister of Finance: Central Bank reserves were 59 billion reserve some of the employees' salaries as loans [expanded]
History of edits:: 2016/1/4 15:28 •
Finance Minister Hoshyar Zebari, said the Iraqi Central Bank reserves fell to $ 59 billion, revealing that he was thinking not to grant a full staff salaries and keep some loans, due to lower oil prices.
According to Zebari, in a newspaper interview, seen by the agency all of Iraq [where], that "2016 will be a difficult year for Iraq, because 2015 was difficult, and our expectations in the Ministry of Finance indicate that this year will be more difficult, but not the whole year, is expected to rebound The price of oil in the month of September of this year, noting that 90% of Iraq's economy depends on oil, so We had our calculations in order to know what we will do.
"He explained," In the past year, we have succeeded in the distribution of salaries, but this year According to the available I have to estimates, we may be exposed to the problematic in the month of April may not be able to distribute the employees' salaries for that month, and this is a reality, and people should know.
"On the possibility of high oil prices, the finance minister said," There are many parties estimated the price of oil, and private companies to oil prices, companies legal, international banks and big, "pointing out that" the issue of oil price linked to supply and demand, when it increased the offer said price, said to be the aspect ratio will be reduced in the autumn of this year, affecting the price of oil, which has happened, the issue is oil linked to the situation, which passes the world economy, but oil will remain conservative on its value as a commodity strategy.
"He added that" oil prices reached this level previously also, but rose later, "adding," but at this time no one can, not even Iraq to continue on the previous policy, because it is impossible live on oil revenues only, The price of a barrel of oil dropped from $ 120 to $ 30, and if it merely dependence on oil, everything would be paralyzed, may come a time when the distribution of salaries can not even, so you should think about all the economic resources.
"He noted that "there are several alternatives [oil], including borrowing from international institutions, few benefits, and we did it. For example we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, we have introduced a monitoring program on how we manage financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard.
"He explained that" The other option is how to raise the Iraqi dinar exchange rate, although Choose the risk and could have repercussions, but we thought of not granting full salaries, and to keep some of our loans, and give a document that we will give money when the offer we have, and the other option is to sell oil and receive money in advance, in addition to raising the pricing of services option water, electricity and fuel, but it is not easy, any government applied be subject to the reactions of citizens, economic and making painful, but it is said that any economic decision, if not painful, it is not a decision, and there are seven million people are paid salaries of Iraq's total population of 36 million, and distribute monthly estimated four billion dollars in salaries.
http://www.alliraqnews.com/modules/news ... ryid=26076
Walkingstick: SBV’s statement on new exchange rate raises concerns
VietNamNet Bridge - The big change in the exchange rate, if it is made, would cause many depositors to withdraw dollar deposits before maturity, experts have warned, which would create market chaos.
The big change in the exchange rate, if it is made, would cause many depositors to withdraw dollar deposits before maturity
The Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh, in an interview to Tuoi Tre, said SBV was planning a new foreign exchange policy under which people would have to pay a fee for deposits in foreign currencies, while dollar depositors would receive dong when they get deposits back instead of dollars.
“This is not good news for the market,” the representative of an investment fund told Thoi Bao Kinh Te Sai Gon.
“This would cause worries especially to foreign investors, because they don’t know how much money they have,” he said. “It is because they have to receive dong instead of foreign currencies, while the dong price is defined by the State Bank which is unpredictable.”
“I believe this is not what the investors want,” he maintained, adding that if the central bank makes such a big change with foreign exchange policy, foreign direct investors may leave Vietnam because they are insecure about their money.
Agreeing with the representative from the fund, an analyst warned that Vietnam may face massive money withdrawal not only from foreigners, but from Vietnamese depositors as well.
Many big investors who have millions of dollars at banks and do not intend to convert dollar into dong.
Meanwhile, those, who have idle money would not deposit dollars at banks. This means that the State Bank won’t be able to mobilize huge capital for economic development.
“If people have dollars, they would keep dollars in their coffers instead of depositing at banks, for which they would have to pay fees,” he said. “Meanwhile, foreign investment funds won’t put their money into banks in Vietnam.”
“I believe foreign direct investors, individual investors, foreign investment funds and people all would be against the policy,” he said.
The message from the Governor of the State Bank about the new foreign exchange policy has caused deep concern in the market. Bankers also think the new policy will not be welcomed.
“I am afraid that the policy will make the dollars flow out of the Vietnamese territory,” a senior executive of a commercial bank warned. “This will make dollarization even more serious.”
Also, according to the banker, he knows many big investors who have millions of dollars at banks and do not intend to convert dollar into dong.
The investors also deposit dollars at foreign banks, mortgage the dollars to borrow Vietnam dong at an interest rate of 5 percent and then deposit dong at Vietnamese banks at an interest rate of 6.5 percent. This allows them to have an interest rate margin of 1.5 percent.
http://english.vietnamnet.vn/fms/busine ... cerns.html