TNT: (Late Sunday Night)
Smitty: Ok just one question was there an announcement or not did they say we have RIed or not I am hearing it both ways.
Yada: m thinking they did RI in IRAQ because of the exchangers being prepared to exchange at the RI rate….and this was as of last Thursday
Smitty: but if they are only preparing then it did not happen right. Please if you are out there and you have the power to make this happen I ask you please this week. I know you have to do it some time just please do it now so many are hurting all over the world.
Yada: smitty,,they, Iraq and Iran are both connected to the swift,,and this is ready to go,,,,Iran was connected last week and Iraq way before that ,,,not sure who is saying they have yet to connect,,
Millionday "Iraq has signed today a cooperation agreement with the Union of Arab Banks..."
THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET –
BANKING IS MOVING AND DEVELOPING -- THIS IS SIGNED SEALED AND DELIVERED -- FORMAL AGREEMENT.
IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.
IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC.
Q: [do you think Article 8 and a rate change will happen at the exact same time?]
Millionday: I THINK IT IS A RESULT -- YES.
Emailed to Recaps:
Stockman: The markets are in store for a ‘thundering reset’
Amanda Diaz | @CNBCDiaz
Wall Street is breathing a sigh of relief after the S&P 500 Index managed to eke out its first weekly gain of the year. Despite the signs of strength, one prominent market watcher says stocks are still in store for a "thundering reset."
"I think we have a dead cat bounce in no-man's-land," David Stockman told CNBC's "Fast Money" last week. According to Stockman, the broad market has been trading in the abyss since breaking above 1,870 in 2014, seeing a meager 1 percent return since then.
"We're been there now for 700 days…we've had something like 35 attempts at rallies and all of them have failed for what I call the "four no's"," he added.
For Stockman, those "four no's" consist of a combination of no escape velocity, no earnings growth, no dry powder from the central banks and no reflation. Taken together, it leads him to believe the U.S. economy is on the cusp of a full-blown recession.
Read MoreMarket complacency reminds me of the year 2000: Acampora
"We're getting to a point where the chickens are coming home to roost. There's no help from the central banks and that's why these rallies are getting weaker and weaker and shorter and shorter," said Stockman, who was the former OMB Director under President Ronald Reagan.
'Nowhere to go but down'
Investors took heart last week from the prospect of more easing from the European Central Bank, which broadly lifted markets. By contrast, economists widely believe the Federal Reserve has all but exhausted the weapons in its economic war chest, with its balance sheet having exploded from $850 billion before the 2008 crisis to nearly $4.5 trillion currently.
Stockman believes that the flood of easy money from central banks around the world has formed a credit crisis so severe that it could take years to dig out of the hole that's been created. The market watcher pointed to a stunning $21 trillion collective balance sheet build up around the world, up from $2.1 trillion just 20 years ago.
"This is high powered money that caused an enormous expansion of credit and financial valuation bubble," he said. Stockman noted that the rapid increase of credit has resulted in debt around the world of more than $225 trillion. "We are at peak debt," he added.
At this point, Stockman believes that the Fed's hands are tied after sitting on zero interest rates for nearly a decade. "There's nowhere to go but negative," he said. "It's time to get out of the market completely."
The S&P 500 has been steadily in correction territory in 2016. The large-cap index closed the week roughly 11 percent from its 52-week high, but Stockman believes it could plunge another 30 percent from where its trading now, which takes it back to levels not seen since 2012.
"It's a dangerous thing to catch a falling knife, the coming correction will come quickly in the next year," Stockman concluded.
Global Currency Reset/RV Replay Call with Deb and Sean (aka Awake-in-3D)
Show #9: “Making This Our Last Weekend in the Global Fiat Currency Regime ~ Let’s Do This!”
During this show:
Many shifts are now afoot in the global financial world – shifts even the controlled mainstream media cannot cover up. We will discuss these important events including the continuing “soft crash” of global markets, oil’s continuing slide, China’s currency divergence with the U.S. Dollar and more.
The Global Currency Reset plan is unfolding right before our very eyes as the Fiat currency regime of enslavement is being surreptitiously dismantled step by step in our physical reality.
As the new “One-Percenters”, it is imperative to remain steadfast in holding our alignment with the vibration of wealth and maintain a focused intention on completion and holding space for those involved in the final logistical and administrative steps in the GCR process.
We are proclaiming and holding as part of this New Earth Unified Field, that , “This will be our last weekend under the Fiat Currency enslavement system”. Let’s do this!
Remember…WE ARE IN THIS TOGETHER
Walkingstick: Abadi Office reveals a tentative agreement between Iraq and the World Bank to implement reforms "articulated"
By admin-mi The 25/01/2016 12:49 |
Saad al-Hadithi said a spokesman for the Iraqi prime minister's media office, said Iraq's participation in the Davos Economic Forum was positive and yielded several agreements, revealing an agreement in principle between Allarac and the World Bank for the rehabilitation of Iraqi personnel and implement reforms articulated.
Sabri said, in an interview that "the participation of Prime Minister Haider Abadi, a specialist in the biggest economic forum to discuss economic challenges of shares in the Iraqi discuss the economic situation with the participating countries and international companies and the World Bank."
Sabri said, "The visit draw her goals first is to open talks with the countries and the World Bank and inform them of the economic challenges in Iraq as a result of lower oil prices and the lack of financial liquidity and its consequences on the economy and society."
Sabri revealed that "an agreement in principle reached between Iraq and the World Bank on the rehabilitation staff in the country and the implementation of reforms and the completion of articulated economic transactions with high transparency and speed in work and contribute to finding new sources of funding."
"The political and security goals for the visit was fruitful also where he met Abadi, a number of American officials' and Europeans as well as to meet with Secretary General of NATO, which yielded an agreement in principle on training, equipping and training the security forces as well as intelligence cooperation between the two parties."
He noted that "al-Abadi did not neglect investment file that count it a lot the government especially after the economic problems facing the region, where he met with a number of global investment companies to encourage them to contribute to the construction and rehabilitation of factories, electricity, energy and other vital sectors."
The Abadi has participated in Alssayaso Economic Forum hosted by the Swiss city of Davos.
Walkingstick: Approval of an agreement between Iraq and the GE worth $ 328 million to increase the production of electricity
2016/1/25 15:53 •[Follow-up - where]
announced that the Ministry of Electricity to approve the deal with the US company General Electric [GE] worth about $ 328 million to increase electricity production by a thousand megawatts.
A spokesman for the Ministry of Electricity Musab teacher, today, Reuters, that "Iraq agreed to a deal with General Electric, worth about $ 328 million to increase electricity production by a thousand megawatts, noting that Baghdad will be spent company benefits on deferred payments within three years starting from 2017".
He pointed out that "GE will provide the necessary equipment and maintenance of the ten power plants in the country," .anthy
http://www.alliraqnews.com/modules/news ... ryid=28220