DustyS: This is a process very few of us understand It will happen when it is ready--the GCR/RV is just the tip of the Ice burg
SassyD: "Success seems to be largely a matter of hanging on after others have let go." -- William Feather
Bestbuy: Wow guys take heard cause China and Hong Kong in Lehman brother of 2008 right now. Chinese stocks are trading at the lows of the day after Overnight HIBOR rates (Hong Kong's interbank borrowing rate) exploded a stunning 939bps to a record high 13.4%.
Bestbuy: Got to read this, Monday is going to another blood bath and the world currencies is devaluaing LINK
Skyward100: Hey Tnt family. I was reading and I know we had a related report, but I haven't seen this particular one about Iran santions. LINK
Skyward100: Hearing they are to "go" before Iraq, you really can see and read things falling into place. It's happening right in front of us
SassyD: Iran, India to settle outstanding crude oil dues in rupees -- January 5, 2016 2:57 am -- http://indianexpress.com/article/business/business-others/iran-india-to-settle-outstanding-crude-oil-dues-in-rupees/
SassyD: You CAN NOT be an optimist and a pessimist at the same time. Which is it for you? ____ Please decide, because you can't be hopeful in one breath and then trying to take the hope away from others, in the very next breath. ....... Last year is PAST, GONE ...... We are in the NOW. ...... Savor it and pray that the PTB allow God's plan to unfold. ......... [Wise Words] Believer posted - November 16, 2014
Heavenishome: David Bowie: he died at home with his family after battleing cancer for 18months
TBirdd: David Bowie you were loved by millions - and played with the best of the best! Pleeease give my Heartfelt to Stevie Ray, Janis, Jimmi, George and John.. you all left incredible legacies.
JBH4129: David Bowie Fame one of my all time favorites ..https://www.youtube.com/watch?v=J-_30HA7rec
rcookie Article quote: "He called on the Parliamentary Finance Committee member Hossam punitive, Saturday, to begin with "a major economic revolution" to confront the current financial crisis experienced by the country, while stressing the need to launch a "major campaign" to support the national industry."
WOW!...VICE..MEMBER OF FINANCE COMMITTEE CALLING TO ACTIVATE A "MAJOR ECONOMIC REVOLUTION" IN FACE OF CURRENT ECONOMIC CRISIS...
AND LOOK EXACTLY WHAT HE IS CALLING FOR...STOP IMPORTS OF PRODUCTS THAT HAVE LOCAL ALTERNATIVES...AND... ACTIVATING THE TARIFFS AT ALL BORDER CROSSING POINTS...
EVEN IN THE KURDISTAN REGION...AND STIMULATE THE PRIVATE SECTOR BY STARTING TO CONTRACT WITH MAJOR INTERNATIONAL COMPANIES IN VARIOUS INDUSTRIES...
SOMEBODY CUE THE HAPPY DANCE!
wmawhite folks, the CBI has the ball inside the 10 yard line. It needs a touchdown, and field goal will not help because there is less than a minute left to play...all of this other stuff; hcl, amnesty law, national guard law is extra stuff we don't care about....concentrate on the ball and the CBI.
IMO...this game is winding down and I am amazed at the information we continue to be provided.
The IMF told you and me how this will play out...remember, they said...that Iraq will enter the market during the 1st part of 2016. Based upon that information you know how it will play out.
DELTA: FRANKIE FRANKIE:“after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF... DELTA
Frank26: Math ........... Is done.
Pmac: Budget me in please!!! (hopefully this week)
Maybe even see a visible RI in Jan?? And how about finally being Art8 compliant??? (publicly)
Float on up (RV) into early early FEB from approved Budget IMF rate (w/rider, HCL, Art24)
My studies are telling me we should see some Basel III implementations right around the time of the TPP... which makes me wonder...
What US global-theater MSM (main stream media) event is being deployed for the SQUIRRELS to keep the foxes busy while the hens move all their eggs into the asset backed farm house?!?!
dellloyd : Frank in case you haven't seen this yet : 2016 Budget
Walkingstick: CBI News & Announcements
(Statement) when issuing banknote category (10,000) dinars edition in 2015 (second edition), was part of a White put surrounds the window transparent while not include the edition 2013 of such a framework, have been received questions of the Central Bank and banks for this addition.
2016/1 / 11
Walkingstick: VN Central Bank praised for forex mechanism
Experts say the new mechanism for exchange rate introduced by the State Bank of Vietnam (SBV) has created flexibility, enabling both credit institutions and enterprises to exercise greater control over their business operations.
The SBV unveiled a flexible dong/dollar exchange rate mechanism on December 31 under which it will set the reference rate every day, instead of leaving it untouched for a long time as it did hitherto.
The trading band continues to be plus or minus 3%.
The SBV has also instructed banks not to lend foreign currencies including the dollar, only sell them.
On December 5, a day after the new policy came into effect, the inter-bank reference rate increased marginally to VND21,907 to the dollar.
Many bankers said the number of transactions on that day remained steady with the forex rate quite a bit below the upper ceiling price.
SBV executives said the flexible approach would enable it to achieve its management objectives while letting the currency move based on global market fluctuations.
The move was only one of several measures to strengthen the role of the Vietnamese currency and steady the forex market by making dollar hoarding and speculation unremunerative.
Analysts have hailed the new mechanism as a move that effectively scuttles the rigid control the bank exercised over the years and is necessary to ensure competitiveness amid the country's deeper integration.
It would closely track developments both at home and abroad, helping the central bank proactively adapt to changes, they said.
Some also said the new policy would reduce the high expectations surrounding the greenback and increase people's confidence in the dong.
But businesses are a bit more wary.
Most prefer a stable exchange rate regime since it helps them better control costs.
They said the imminent volatility would force them to keep an eye on market developments, and, to hedge risks, use derivatives.
In fact, according to SBV statistics, already the value of US dollar forward contracts has skyrocketed from around US$10 million a day to US$100-200 million after the central bank implemented a series of anti-dollarisation measures.
But companies are unhappy with current regulations that do not allow buyers of US dollar forward contracts to cancel them, complaining this places them at high risk.
They want banks to diversify forward trading to create more options for them.
Early last July news that foodstuff maker Kinh Do Joint Stock Company planned to invest VND1 trillion (US$4.4 million) in Dong A Commercial Joint Stock Bank when the latter issued shares to increase its chartered capital from VND5 trillion to 6 trillion, became a hot topic.
For Kinh Do it would not be the first investment in the financial sector. In 2007 it signed a strategic co-operation agreement with Eximbank and invested US$90 million in it.
Analysts said that the banking sector had been going through a comprehensive restructuring, with a series of State firms pulling out their investments in banks on the Government's orders.
This created a slew of opportunities for private players to enter the potentially lucrative sector.
The Doji Group, for instance, bought a controlling 20% stake in TPBank.
But not all private investment in the financial sector has been successful: Kinh Do, for instance, had to sell its stake in Eximbank within three years and without a clear explanation, and also quit the plan to buy stakes in Dong A Bank when the lender was suddenly placed on a list of banks under the State Bank of Vietnam's special control.
After being restructured, TrustBank was bought out by the Thien Thanh Group and some other investors, and renamed Viet Nam Construction Joint Stock Bank. But the bank went under and was finally taken over by the central bank at zero price.
Besides, the Viet Phuong Group has not been able to realise its plan to increase Viet A Bank's chartered capital from VND3 trillion ($133.33 million) to VND4 trillion (US$177.77 million) even five years after buying a 17% stake from State giant SJC.
Analysts attributed private investors' failure in the banking sector to several reasons, but said the main ones are the difficult economic situation and banks' high bad debts.
http://english.vietnamnet.vn/fms/busine ... anism.html
David Bowie- "Rest In Peace!"