Iko Ward : Forex Dinar 1107.2 Asia down, Crude down, Gold down. I seem to remember Kuwait stating categorically there would be no RV and then that afternoon around 3PM it popped. I'm not sure the rest of the world holds 911 as we do.
EF: Looks like another Head scratching week. Markets are set up for an unfavorable color. So much volatility going on and the experts are dazed and confused. The charts are all reading more negative action to follow. All we can do is take a seat and watch. Those in market yesterday saw their gains go POOF! The Asian markets are more dizzy than "Mr. Toads Wild Ride".
Ajax: just got back from Marco Island Fl (Naples area) and visited the Currency Exchange in Ft Myer Airport.... he currency guy shared with me (his lack of knowledge) the IQD/N... in that he said they (his bosses) have completely removed all keys and access to Iraqi Dinar.... however, the VNN... Dong was still showing and he could access that... etc…..It was good to hear him say-- and repeat several times- the Dinar has to revalue and at least get back where it used to be at some point....
Lena: It appears to me after reading post in the Intel and rumors this whole process could take a while before an RV can take place. Does anyone else come to this conclusion?
BobnFanti: lena What leads you to your conclusion? Things look good as long as the banks are getting ready.
Lena: Bobin, if Iraq is trying to move to more of a market economy to open more revenue streams other than oil you can not do that overnight. I think Iraq now sees this with the current oil price that has put them into a bad situation. This IMO this can not be done overnight or a few weeks. I wish it could but who does that make sense to
Bobnfanti: lena Iraq holds the key to the world wide reset. All of the necessary components have been met world wide for asset backed money. Iraq will not stop post RV. Keep your eyes on the banks where you will exchange. Tony has it right.
Xrayokie: Lena what your saying makes sense but also by having an International currency it speeds up the process of opening new markets more money for needed improvements kinda of a catch 22 need both and even at the lower oil prices they are still making money
SassyD : The inclusion of every individual Iraqi new law for salaries
DAZ POSTED 8-18-15 : FOR SOMETHING PRODUCTIVE The Secret of the 50 Richest and Most Successful People in the World THIS IS GOOD AND IMPORTANT...ITS LONG BUT PLEASE DO IT...TAKING NOTES MAYBE?
TONY ROBBINS INTERVIEW...DISCUSSES INVESTMENT SAVINGS, SAFE MARKET INVESTING, WEALTH MANAGERS AND REGISTERED AGENTS, INDEX INVESTING, FIDUCIARIES, INVESTMENT FEES. RETIREMENT PLANNING STRATEGIES, ASSET ALLOCATION, DIVERSITY AND MORE
SOMETHING EVERYONE SHOULD WATCH AND SHARE..IMO
Wilbur Grodan: MARKET ACTION - The FERN is in trouble here. HIGH ALERT NEXT 24 HOURS!!
Diogenes: Wilbur, what is FERN?
Wilbur Grodan: The NY Fed bank notes
FrostyTheSnowman » September 9th, 2015, GO Dr. Abadi GO !!! ...
How about adding 1 more to the list to include M.
I think he could use a little ... "adjustment.
Iraq’s Abadi dismisses 123 Senior Officials as part of reform: Statement
Iraqi Prime Minister Haider al-Abadi said on Wednesday he had dismissed 123 deputy ministers and general managers as part of a reform push aimed at reducing corruption and mismanagement which has made the country nearly impossible to govern.
Backed by street protests demanding better services and a call for bold action by Iraq's most senior Shi'ite cleric, Abadi has rolled out the largest shakeup of the country's governing system since the U.S. occupation.
He has set out to transform a system based on sectarian and ethnic quotas, which often hands high office to unqualified candidates and encourages graft.
Abadi did not mention which ministries would be affected by Wednesday's decision, but said in a statement that the senior officials would be sent into retirement or have their administrative status "adjusted".
He said the subordinates of those dismissed would take over their responsibilities until ministries' structures are reviewed and replacements are appointed.
In earlier reforms launched last month, Abadi eliminated Iraq's three vice president and three deputy prime minister positions, sacked a third of his cabinet, and cut politicians' security details and other perks.
But critics complain the changes have not yet improved ordinary people's lives and warn some of the measures are unconstitutional.
FrostyTheSnowman: Things that make you go Hmmmmmmmmm:
(CNSNews.com) - The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, Sept. 4, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.
That, according to the Treasury's statements, makes 175 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.
On July 30, Treasury Secretary Jacob Lew sent a letter to the leaders of Congress saying he was extending a “debt issuance suspension period” through October 30.
That means the Treasury believes it can continue for at least the next seven weeks to issue Daily Treasury Statements that show the federal debt subject to the limit beginning and ending each day frozen just below that limit.
The Daily Treasury Statement for March 13 was the first to show the debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.
Every Daily Treasury Statement since Monday, March 16, has also reported the debt beginning and ending each day at $18,112,975,000,000.
Table III-C on the Daily Treasury Statement for Sept. 4 says the debt began the month of September at $18,112,975,000,000, began the day of Sept. 4 at $18,112,975,000,000, and closed the day of Sept. 4 at $18,112,975,000,000.
On March 13, Treasury Secretary Jacob Lew sent an initial letter to House Speaker John Boehner and other congressional leaders informing them that he was planning to declare a “debt issuance suspension period.”
“Beginning on Monday, March 16, the outstanding debt of the United States will be at the statutory limit,” Lew said in that letter. “In anticipation of reaching that date, Treasury has suspended until further notice the issue of State and Local Government Series securities, which count against the debt limit.”
On July 30, Lew sent another letter to the congressional leaders saying: “I have determined that a ‘debt issuance suspension,’ previously determined to last until July 30, 2015, will continue through October 30, 2015.”
In his March 13 letter, Lew explained some steps the Treasury would take during the debt issuance suspension period.
“Because Congress has not yet acted to raise the debt limit,” Lew said in that letter, “the Treasury Department will have to employ further extraordinary measures to continue to finance the government on a temporary basis. Therefore, beginning on March 16, I plan to declare a ‘debt issuance suspension period’ with respect to investment of the Civil Service Retirement and Disability Fund and also suspend the daily reinvestment of Treasury securities held by the Government Securities Investment Fund and the Federal Employees’ Retirement System Thrift Savings Plan.”
Lew informed Boehner that these same actions had been taken “during previous debt limit impasses.”
The Treasury has also posted Frequently Asked Question sheets that explain the actions the Treasury takes during a “debt issuance suspension period” and their statutory basis. The Congressional Research Service has also explained it.
“Under current law, if the Secretary of the Treasury determines that the issuance of obligations of the United States may not be made without exceeding the debt limit, a ‘debt issuance suspension period’ may be determined,” the Congressional Research Service said in a report published on March 27. “This determination gives the Treasury the authority to suspend investments in the Civil Service Retirement and Disability Trust Fund, Postal Service Retiree Health Benefit Fund, and the Government Securities Investment Fund (G-Fund) of the Federal Thrift Savings Plan.
“In addition,” said CRS, “this gives Treasury the authority to prematurely redeem securities held by the Civil Service Retirement and Disability Trust Fund and Postal Service Retiree Health Benefit Fund.”
"The total federal debt consists of debt held by the public and intragovernmental debt," the CRS said in another report published in 2011. "Debt owed to the public represents borrowing from entities other than the federal government, and includes borrowing from state and local governments, the Federal Reserve System, and foreign central banks, as well as private investors in the United States.
"Intragovernmental debt," said CRS, "consists in debt owed by one part of the federal government to another, which are mostly held in trust funds."
The net effect of the Treasury’s actions is that although the publicly held debt of the government continues to fluctuate--as the Treasury redeems maturing debt held by the public and issues new debt held by the public—the overall debt subject to the limit set by Congress closes each business day at $18,112,975,000,000.
Back on March 13, the debt held by the public was $13,083,880,000,000 and the intragovernmental debt was $5,068,578,000,000 according to the Daily Treasury Statement. By the close of business on Sept. 4, also according to the Daily Treasury Statement, the debt held by the public had increased by $67,770,000,000 to $13,151,650,000,000 and the intragovernmental debt had decreased by $69,085,000,000 to $4,999,493,000,000.
But on every business day from March 13 through Sept. 4 the Treasury reported that the federal debt subject to the legal limit set by Congress closed the day at $18,112,975,000,000.