[duffy2] RV 7 RENO. FORWARDED BY ERASMUS OF AMERICA - JAN. 29, 2014 RV 7 RENO. FORWARDED BY ERASMUS OF AMERICA - JAN. 29, 2014 Sent: Wednesday, January 29, 2014 3:18 AM
Subject: RV & Reno The amount placed into the account at CE is either old FED dollars or new T bills. Still a lot of unknowns how it is going to work? Remember NIB is for people with large amounts that will have to pay tax on earned income from IB act. You are going to cash out and take you funds to credit union or other small town bank. So interest tax for a couple days no big deal
Confirming that Reno set to go forward with RV. Early today two more plane loads of Chinese officials arrived in Reno. Also Christine Legard IMF flying into Reno from Davos, Switzerland. Our guy expecting "the call" any minute! Reports all indicate RV IS happening .????
Read More Link on Right:
Erasmus Cont,,,,,Eagle1:the GCR actually did begin its process on Sunday, a process specifically sanctioned and implemented with the cooperation and help of the IMF. Two of the major currencies that we've been watching -- namely, the IQD and the VND -- were among the first to revalue.
Eagle1: Sure enough, even though we had seen a total of 104 currencies finish the revaluing process by Monday night, it was made abundantly clear that we would not get to see the new rates until the process completed. With 104 currencies having finished the process, that left 94 yet to go. I do not know what time the actual process began, but what has been said is that the IMF gave a 72-hour window for all 198 currencies to undergo the process of change, after which the new rates would be released to the world.
[beach] duffy2 when does this take place?
[duffy2] beach: I sure hope today. The article above goes along with what TK said last night that he heard. So, we hope today may be it.
[arizona49] 1/30/2014 Millionday: "Iraq is seeking to become its market for securities increasingly important source of capital for national companies by broadening traded companies which put its shares for sale" they are in massive promotion to get their stock market huge nationally. they are saying that this is to move it to join the world --- in the move to transition to a market economy -- meaning driven by supply and demand -- for all on isx...this would include the dinar. Understand this - we are all invested in their market by holding dinars -- we invested in their currency and when the rate is better we will sell back the currencies.
they are stating that the market we are invested in is in the transition phase and is moving to a market economy so we can sell high... [do you feel it be a rv or a re-instate of their currency?] either one will be a rate that we can all enjoy...we look back at the rate history and it is hard to find one that we would not like...no date yet...but we have regulation dates to be set by banks set at jan 31st.
About the Poofness Newsletter:
Hi, Folks - There's been no further word. I guess Thursday's the day. :)
FWIW, we're just about at the dark of the moon again, a time deemed auspicious for beginning things one would like to see increase.
And we're almost at Chinese New Year, also viewed as being most auspicious. ZAP had said the revaluation was scheduled to occur before CNY, so, maybe, we'll see some action shortly. :)
Topic: Every moment that approaches is the perfect opportunity to do the right thing
Rrrr: We are witnessing History in the making. Books will be written… Movies will be made. College curriculum will include this event. We stand in awe of the magnitude of what is about to unfold. Never before has the power of the people been personified on such a worldwide stage. Be Proud… Be Loud… Stay the course. A miracle is about to happen. There is incredible energy abound…
xyz] Deutsche Bank suspends New York head of EM forex desk
[xyz] Investors are pulling money from exchange-traded funds that track emerging markets at the fastest rate on record, as China’s slowing growth and cuts to central-bank stimulus sink currencies from Turkey to Brazil.
[xyz] Breaking News … Reports over President Talabani's death .Some reports reported the President, Jalal Talabani, who is being treated in Germany for over a year due to clot, passed away. The reports assured that Talabani's body will be transported to Sulaimaniyah in Kurdistan Region.
aggiedad77 » January 30th, 2014, 9:50 am
Here are the summaries of last night's news:
Yale Grad Trusts in Bank of Baghdad to Help Deliver Iraq Returns
Here is an interesting money manager, managing a hedge fund with $115 million dollars of Iraqi equities and is not concerned about the violence that you read about in the news.....he states that you can conduct normal business in Baghdad if you exercise caution, stay aware of where you are....that Baghdad is not necessarily what you read about in the headlines. An interesting fact....the scale of increase that Iraq is boasting with their oil has only happened twice in past history....once in the 1960's in Saudi Arabia and with Russia in the 1990's....and both events transformed the banking and equities markets.
Iraq plans state investment bank to push projects
Iraq plans to develop a state funded investment bank to assist in financing big infrastructure projects and help private sector banks. The existing commercial banks do not have the skill sets needed for these kinds of investments. To get started this bank must first have approval from Parliament.
Maliki hails U.S. support for Iraq .. And announce the start of the countdown to the battle of Fallujah
Maliki is getting support from the US in the battle against al Qaeda and terrorism....M recognizes that he is fighting terrorism for the entire world.....Deputy US Sec of State Burns stated that the Iraqis are fighting a battle between extremism and moderation, that it is not a battle between sects at this time. M stated that the military intervention in Fallujah is two pronged, to bring the displaced citizens back to their homes, and also to keep the terrorists from spreading further into the country. The local tribesmen, police and military are slowly regaining the upper hand.
million dinars minimum of three presidencies and retired deputies and parliamentarians
A vote on the Unified Retirement Law was postponed until Saturday due to some technological glitches....from the appearance of things, the President and his deputies, the PM and his deputies, ministers, parliament speaker and his deputies, and the House of Representatives will receive 25% of their final salary in the law....then you read further to see that things get quickly complicated in how they seem to want to determine who gets what and how much.....hopefully this gets ironed out by Saturday's vote.....I think in the end.....these politicians will not be hurting for money.....sound familiar.
ForexLive Asia Wrap: Turkish central bank hikes from 7.75% to 12%
The Turkish Central Bank raised their rates from 7.75% to 12% to attempt to head off inflation, as their currency continues to spiral downward.
Other Central Banks are taking the lead from what happened with Turkey and also raising rates, some slightly.....there still appears to be much unsettled waves throughout the world.
Ruble Weakens to Record Low Against Basket as Currencies Slide
Yesterday saw the Russian ruble drop to record lows against their currency basket as Turkey and South Africa's efforts failed to shore up emerging market currencies......at this point it was reported that the USD looks more attractive than emerging market currencies.....this is based on high volatility of the emerging market currencies.
Nothing Lasts Forever; World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency
So here comes the rhetoric for a world currency.....supposedly to displace the USD as the reserve currency.....make special note that this is all coming from China at this point....a China whose own currency is even more troubled than the USD.....I'm not ready to put much stock in this idea just yet.
.Anbar conflict may spread, warns Iraqi VP Al-Hashemi
This is an interesting article.....here we have an Iraqi VP that is a fugitive from justice, a Sunni, accused of running death squads while in office.....now spouting that the violence in Anbar could spread....interesting how one can command such attention.
Well that wraps up the overnight news.....enjoy. Randy