Downsouth: have been trying to say for about a month now that IMO--Greece is the canary in the mine.
Once that debt disappears--the debts throughout the world disappears.
How?--the public doesn't know. But if things work out in our favor--we will know.
Hence, IMO, a no vote in Greece is a yes vote for roll out of the RV/GCR--if what we believe in dinarland is indeed true.
Remember the day after Puerto Rico was crying they could not pay their debt. Suddenly, the next day, it made a 1.9B payment?
I do think I smell a GCR. Not that it will be obvious. The PTB don't want it that way.
BUT I sure hope it works out for us as we hope and expect.
[xyz] Breaking news greek referendum: early results show ‘no’ vote ahead with over 61% http://rt.com/news/271828-greece-referendum-no-vote/
Rojo: China's stock market has doubled in the last 12 months and they are trying to prevent a crash on Monday. The problems are everywhere in the world not just Greece.
Becauseofhim: okrocks-----> China is apart of a new deal with Russia, Britian, ect. so... where are we?
OK Rocks: We are near the end of the reset :) Its like this: Everyone take your places... the stage is set ;) Sometimes things are not what we may think they are... crashing this or that is often needed to implement the new…. the hurt is because of the change... the end results should make the world easier to breath financially... it can hurt while going through the change lol just ask any woman ;)
Bassetzrus: When is the end of Ramadan?
OK Rocks: Perhaps it would be good to have money in hand before the end of Ramadan so they can truly enjoy the gift of giving?? just another way to look at it maybe
Happy Vet: Any news on your Blackjack7?
Blackjack7: I am just waiting for that call that says come in it's time
OK Rocks: Clash of the Titans Release The Kraken [HD] http://t.co/7cdfQiEVzc
Don: Euro falls as Greece votes 'No' to bailout package -
Don: Iran got repatriated several tons of gold yesterday, think the Rial and the final negotiations have held this up until now, think it will ALL go…. A Yes on Iran, a NO on Greece means Public Release this week!
Don: Iranian gold has been frozen for many decades, I FULLY EXPECT Rial to be in 1st basket.
tlm724 Article: "Urgent start of the parliamentary session in the presence of 235 deputies to read the general amnesty, accountability and justice laws"
4 sessions in the last 5 days! unheard of...Very Happy.
ThunderHawk : Greeks vote to reject aid package in referendum: official projection
Greeks voted by a large margin to reject the austerity terms of an aid package from international creditors, an official projection of the final result of Sunday's referendum showed.
"The assessment of Singular Logic is that the result in favor of 'No' will exceed 61 percent," an official from Singular Logic, which processes the results for the interior ministry said.
Only 39 percent were estimated to have voted in favor.
The result would hand a big victory to Prime Minister Alexis Tsipras, who urged voters to say 'No' to an aid package he called a national "humiliation" and an "ultimatum" from creditors.
But pro-euro parties and euro zone policymakers have warned a 'No' would be tantamount to rejecting talks with creditors, setting Greece on a path out of the euro.
Mountainman: Well it APPEARS the GLOBAL MR is ...HOT.....Bye Bye Euro says Marine Le Pen of Frances- Euroskeptic Front...."It's TIME to Move Away from the Euro she said"....
WHY??? You say...because It's BASEL 3 REGS which Requires ALL Countries to be ASSET BACKED= GOLD and Other Commodities and it BENEFITS them to USE their OWN Sovereign CURRENCY=NOT the EURO....and YES they can PRINT FIAT Money w/ This SYSTEM ....
Now and they can HOLD other CURRENCIES in their CENTRAL BANKS...like The Yuan, DInar, USD etc...=In this SYSTEM is ALSO Considered to be=...An ASSET...thus they can PRINT FIAT w/ it as Well!!!
IMO...As Greece goes So Goes the Rest of the GLOBAL MR Countries!!!
WATCH the HEAT Rise=The Temperature Gauge/IRAQ....More And MORE!!!.....IMO
Walkingstick » July 5th, 2015, 2:59 pm
Expert calls for the government to cooperate with the World Bank and the IMF to "adjust the Iraqi economy."
BAGHDAD / Amer Mohi
, Confirmed the investment committee and the economy parliamentary, on Friday that Iraq is forced to borrow money from international institutions because of the financial crisis as a result of lower oil prices, while confirming that the investment projects will be completed only by borrowing, an expert in the matter of economic called on the Iraqi government to " Go to the international community and a commitment to its criteria out of the crisis, noting that "cooperation with the World Bank and the IMF provides an opportunity to adjust the economy and the general budget and external account.
He said committee member economy parliamentary Najiba Najib told the "term" that "the Ministry of Finance took the legitimacy to take loans from the International Monetary Fund and the World Bank under the federal budget for 2015, but it has the right in this matter," asserting that "Iraq choosers him only borrow to be able to implementation of its projects. "
Najib said that "borrowing is happening in Iraq now two types, the first order of borrowing for investment projects which got through to borrow $ 1.7 billion by the Ministry of Finance and this is done for the benefit of the Iraqi economy because it would be beneficial in the future."
It showed that "Iraq sometimes borrow for consumption and this is not useful, because the money Almkarodh go without any interest, and this thing is with the drop in oil prices and the need for Iraq to money to cover the war expenses and salaries."
She pointed out that "the problem is the need for Iraq to $ 5 billion a month for staff salaries, as well as employment in every year, amounting to 60 thousand appointments degree at the Oil Ministry, with the knowledge that there is a large surplus in most of the ministries."
Committee member confirmed that "other problems facing Iraq, the battle against al-Daash, as well as the control of the organization Daash the Baiji refinery, which constitutes a large percentage of Iraqi oil and this. Things that made Iraq borrow to fill the need for projects or consumption"
Najib suggested that "there is a real Iraqi economy plans Unlike previous years, which saw lethargic in energy projects or the economy, because in case Iraq does not have such projects, the economy would go down and continue to borrow as oil prices remain at this price."
For his part, says an expert on economic affairs Maitham coffee in a statement to the "long", "World Bank loans are usually soft in terms of benefits and times of payment, in addition to it be Grod development and for the reconstruction and construction."
He Laibi by saying that "in Iraq under the budget crisis it need such resources, especially as the investment budget semi parked, and that these loans are usually conditioned to conduct a series of reforms in the field of rationalization of expenditure and financial management."
He continued, head of banking and finance at the University of Mustansiriya that "Iraq needs to go back to the international community and a commitment to its criteria to get rid of emergency crises, especially as the Bank and the Fund and cooperation with them provides an opportunity for Iraq to adjust its economy and its budget and account external, as the bank has the expertise and allows the provision of studies represent a warning system early for the economy. "
The Ministry of Finance, the first of Thursday, the World Bank's intention to provide a loan to Iraq worth $ 1.7 billion, as pointed out the allocation of $ 350 million of the loan within the reconstruction of the liberated areas of the organization "Daash operations,".
The ministry said in a statement that "the Finance Minister Hoshyar Zebari discussed with Iraq program manager Robert existence and the World Bank team of experts and specialists in the economy and the implementation of development programs, plans and programs of the bank to provide a loan to Iraq for humanitarian and development aid proposed."
She added that "due to the World Bank offers a loan of $ 1.7 billion," indicating that it is "within the amount billion dollars as international policy and $ 350 million for reconstruction and stability to the liberated areas of Daash, and $ 350 million loan for the project through Umm Qasr - Basra ".
She pointed out that "the government will take a series of reform measures in a number of economic facilities to avoid wastage and the rationalization of expenditure."
The World Bank Group President Jim Yong Kim has said, in the (April 17, 2015), the full Bank of Iraq support in the face of economic and financial challenges, as pointed out that the bank will contribute to the financing of urgent projects related to the liberated areas, during a meeting with Prime Minister Haider al-Abadi. LINK