Ricci51 :Frank with things happening so fast can't we have a CC every day (Just kidding)
Frank26: When You look at last week ......... We almost do:
CC's last week on Sat ... Mon .... T .... W ...... Th......TEAM CHAT Friday .........C U tomorrow on your next CC.
Many did not take my post seriously yesterday.
I posted yesterday a further nugget ........... IMO the LD's were distributed two days ago. This AFTER the 50K's were programmed ......... NOT DISTRIBUTED YET.
Have a wonderful Sunday KTFA Family as I leave You with this ............... Our #4 is now moved to the second and third week of December of ......... 2015.
For the first time in many many years today I will talk to God about the dinars He gave me and ......... Count them.
I Love You KTFA Family......... \m/
KTFA Frank..... THEY ARE POISED FOR 2016 BUT OH MY LORD THEY ARE SO READY FOR 2015 !!!
CSHessman: WOW!!! I left this afternoon to hang out with one of my best friends to come back to all of this tremendous news!
I am only imagining what it is you know and have behind your Oz curtain, but the speed we are seeing is unprecedented if my memory and sense of this speculation is not far off.
PRAISE GOD FROM WHOM ALL BLESSINGS FLOW! AMEN!
Frank26: KTFA Family ....... IMO ........ It is Time to rip the Veil .......... Once again.
What I find Fascinating is that mankind picked the month of December to represent the birth of Jesus and His ..........
Three Wise Men with their gift of Wealth Transfer to allow Jesus to accomplish His mission on Earth concerning God's Kingdom.
I also like the song ............... "Lets do it again". KTFA Frank
[xyz] 50K note: CBI stressed near the Issuance of a class of (50) thousand dinars and facilitate trading, and select the end of the year deadline to put this decision into practice, Ahsan Yasiri (Director General of the Central Bank) says: «that the version of the category (50) thousand dinars hoped to be in mid-December of 2015 or before COIN????
Yasiri added »that the issuance of this coin a positive sign, because the Iraqi currency from high-balance currency but a small structure Vvih (25) which corresponds to the (21) dollars have citizen to carry a dollar for easy handling and carry and if we issued a category (50) or (100) will be its structure comfortable and better handling. https://translate.google.com/translate?depth=1&hl=en&rurl=translm&sl=ar&tl=en&u=http://www.imn.iq/news/view.79766/
[xyz] Talabani said that "It is time for the arrival of a delegation from the province to Baghdad to resolve all the problems that exist and in particular the oil file and the region's share." https://translate.google.com/translate?depth=1&hl=en&rurl=translaom&sl=ar&tl=en&u=http://www.imn.iq/news/view.79854/
Ingenious1: IMF Greenlights Addition Of Chinese Yuan To SDR Basket: Wall Street Responds
While the world was following the tragic events unfolding on Friday night in France where hundreds of innocent civilians were killed or injured, an important economic development took place at the IMF, whose staff and head Christine Lagarde, officially greenlighted the acceptance of China's currency - the Renminbi, or Yuan - into the IMF's foreign exchange basket, also known as the Special Drawing Rights.
As Reuters summarizes, the recommendation paves the way for the Fund's executive board, which has the final say, to place the yuan on a par with the U.S. dollar Japanese yen, British pound and euro at a meeting scheduled for November 30.
At this point only an explicit veto by US political interests deep behind the stage can derail the CNY's ascension into the SDR. The United States, the Fund's biggest shareholder, has said it would back the yuan's inclusion if it met the IMF's criteria, a U.S. Treasury spokesperson said, adding: "We will review the IMF’s paper in that light."
If the yuan's addition wins 70 percent or more of IMF board votes, it will be the first time the number of currencies in the SDR basket - which determines the composition of loans made to countries such as Greece - has been expanded."
I would say that the likelihood of China's yuan joining the IMF currency basket this year is very high," said Hong Kong-based Shen Jianguang, chief economist at Mizuho Securities Asia.
"The only thing that could deter this is if the U.S. led a group rejecting the yuan's inclusion, which could complicate things. But the United States' current official stance doesn't reflect such an attitude," he said.
Daz: THERE ARE MAJOR DIFFERENCES BETWEEN GIFT CARDS AND PREPAID DEBIT CARDS...THERE ARE ALSO BIG DIFFERENCES BETWEEN FUNCTIONS OF VARIOUS PP DEBIT CARDS Link
EXOGEN: What the Rise of the Yuan Means for the Global Economy
Bloomberg News November 14, 2015 — 7:00 PM EST
With China’s yuan taking the biggest step yet toward joining the dollar and euro as a top-rank reserve currency, the global economy may be approaching an era of greater stability.
So say economists who highlight the dollar’s role in the biggest financial crises in recent decades. Drawn to the liquidity and security of the unit of the world’s biggest economy, investors and governments relied on the dollar and produced dislocations including historically low borrowing costs in the 2000s even as the Federal Reserve raised interest rates.
Rushes toward the safety of the dollar challenged global policy makers in 2008 as money markets seized up, prompting the Fed to open swap lines with counterparts that remain in place today. China responded in 2009 with a call for reducing reliance on the dollar, with central bank Governor Zhou Xiaochuan floating the idea of a "super-sovereign" reserve currency.
While the proposal fell flat, Zhou and his allies began a campaign to win inclusion for the yuan in the International Monetary Fund’s special drawing rights unit. The SDR, as it’s called, is a kind of overdraft account for members of the IMF, convertible into dollars, euros, pounds and yen. The Washington-based fund’s staff said Friday that the yuan has now met the qualification terms for inclusion in the SDR.
"The current configuration of the global monetary-financial system that is centered and increasingly dominated by the dollar is not a stable or a sustainable one," Stephen Jen, co-founder of SLJ Macro Partners LLP in London and a former IMF economist, wrote with colleague Joana Freire last week.
Some 87 percent of foreign-exchange trading involves the dollar, the most recent survey by the Bank for International Settlements showed. "The role of the U.S. dollar as the world’s dominant vehicle currency remains unchallenged," the BIS said in 2013, noting that the euro had declined in the wake of the European debt crisis.
With the world’s second-largest economy and as the number-one trading nation, China may offer the global system a currency that can complement the dollar. For now, restrictions on the ability to take money in and out of China, and on what foreign investors can buy, mean the yuan’s role will be limited.
Winning official reserve-currency status -- still something that needs approval by the IMF’s executive board, and not on the cards until late 2016 -- would probably spur global central banks and sovereign wealth funds to put about $350 billion into the Chinese bond market over a five-year period, according to JPMorgan Chase & Co. That’s still a fraction of the $1.27 trillion worth of Treasuries officially held by China.
Building on the SDR achievement to become a true international currency for funding and investing, along the lines of the euro and dollar, may take much longer. China faces questions about rule of law, with the nation’s judicial system subject to oversight by the Communist Party.
"China needs to develop and demonstrate more ‘soft power’ in order to persuade the world to hold its assets and its currency," Jen wrote. That is "measured by a general sense of admiration and trust from global investors, is more difficult to build and demonstrate."
The country’s regulators took a hit to credibility when they expressed little concern for a speculation-driven surge in the stock market early this year, only to intervene with a rush of emergency measures when equities crashed over the summer.
Another surprise to financial markets was a devaluation of the yuan in August, described as a shift toward a more market-driven exchange rate. A surge in selling pressure then triggered intervention to prop up the yuan, causing a slide in foreign-exchange reserves.
The yuan would become "the first developing country currency" with reserve status, said Daili Wang, a Singapore-based economist at Roubini Global Economics LLC. "This may increase instability to the international monetary system, as we saw after the RMB FX reform in August," he said, using the initials for renminbi, another term for China’s currency.
Zhou and his reformist allies have moved to open up China’s financial markets and reduce the state’s role in setting lending rates and returns on savers’ deposits. President Xi Jinping and Premier Li Keqiang have championed a new five-year plan that aims to put flesh on the bones of a 2013 commitment to increase the role of market forces in China’s economy.
"The yuan’s contribution to international economic stability -- whether to enhance it or to undermine it -- will depend on the China’s economic stability at home," said Daniel Rosen, a partner at Rhodium Group LLC, a New York economic-research firm that specializes in China. "If Beijing can stay on track with wrenching market reforms over the coming 24 months, including state-enterprise reform and major opening to imports and investment from abroad, then positive expectations for the yuan’s role will be well-founded."
China is pursuing other initiatives to enhance its currency’s role, including through the establishment of the Asian Infrastructure Investment Bank and the Silk Road initiative of strengthening land and sea links with central and southeast Asian nations.
"RMB’s SDR inclusion will have a profound impact on the global financial market and the international monetary order," said Jian Chang, chief China economist at Barclays Plc in Hong Kong, who previously worked at the World Bank. Along with capital-market opening and the Silk Road plans, it will lead to "much greater use of the currency in both trade and financial tractions globally in the medium term," she said.
For now, the global economy is stuck with a dollar-dominant system, with the spotlight on how the U.S. central bank will conduct its shift toward raising interest rates. Past episodes of Fed policy shifts have had ripple effects across international capital markets -- including the 2013 "taper tantrum," where indications of an end to quantitative easing touched off slides in emerging-market currencies.
"The renminbi’s rising status as an international currency will help to transform the current international monetary system into a more multi-polarized system," Shen Jianguang, chief Asia economist at Mizuho Securities Asia Ltd. in Hong Kong, wrote in a note last week.