kaseyko1 Bruce's info was awesome. He went over the speech by Obama from the G20 meeting. Having listened to those speeches myself & then listening to Bruce, I'm very excited as to where we are in our exchange time.Bruce’s Call Notes
He did a great job in explaining the IEX trading platform. I would encourage anyone who wants to understand this better to either listen to the replay or read the call notes.
I really liked his expounding on the speech by Obama. When I listened to the speech & he went into the Basel 3 and new banking info, I got excited - and obviously for good reason.
Landa Global Conference Call Wednesday 9-7-16
Landa Global has been hosting a dial-in conference to inform holders of assets and intermediaries of the current status of the historic bond processes, and general information in respect of procedures.
In addition, Landa and Humanus host Guest Speakers that offer a glimpse into the various Project sectors Humanus is actively supporting, as well as funding.
To access the weekly conference, please observe the following information:
Date: Each Wednesday
Time: 4:00 p.m. CST (USA) or 5:00 p.m. EST (New York)
Conference Number: 641-715-3580
Access Code: 484-959#
International: See international call numbers below. Access code is the same as above.
Zap: Hi All,Also, another event will happen on the Humanus/Landa conference call tomorrow. Replay will be posted right after. Many questions will be answered by the man that is the head of the Trust doing the compensations and will have real information on the dinar stuff as well.
The Swiss Begin To Hoard Cash
While subtle, the general public loss of faith in central banking has been obvious to anyone who has simply kept their eyes open: it started in Japan where in February hardware stores were reported that consumers were hoarding cash, as confirmed by the spike in demand for safes, "a place where the interest rate on cash is always zero, no matter what the central bank does."
Then, as we reported just over a week ago, Burg-Waechter KG, Germany’s biggest safe manufacturer, posted a 25% jump in sales of home safes as a result of “significantly higher demand for safes by private individuals, mainly in Germany.”
Rivals Format Tresorbau GmbH and Hartmann Tresore AG also reported double-digit-percentage German sales increases. “Safe manufacturers are operating near their limits,” said Thies Hartmann, managing director of Hamburger Stahltresor GmbH, a family-owned safe retailer in Hamburg, which he says has grown 25% since 2014. He said deliveries take longer from safe makers, some of which are running three production shifts.
And now, at long last, the revulsion to banking and the fractional reserve model has finally reached the country that according to many created modern banking as we know it: Switzerland.
Only unlike Japan and Germany, the Swiss are much more subtle about their cash hoarding than telling the neighborhood they have a stash of cash in their home by publicly buying a safe; instead, as Bloomberg reports, more and more companies are taking out insurance policies to protect their cash hoards from theft or damage.
"Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash," said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. "We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs."
Jester’s Place: 9-4-16
[hoot2602] JESTER the bond thing is getting very interesting...buy in one currency and redeem in another...
[JESTER] hoot2602 WELL THE THEORY IS THEY ENHANCE THE YUAN OVER TIME...
[JESTER] THE MORE THEY PUT IN PLAY THE BETTER OFF THEY ARE...
[JESTER] THAT IS HOW THE DOLLAR GOT WHERE IT IS IN PETRODOLLAR MODE... SORT OF THE SAME SCENARIO...
[hoot2602] JESTER It seems like they are pushing ahead very fast
[JESTER] IN THAT CASE YOU COULD BUY WITH ANYTHING BUT YOU HAD TO CONVERT IT TO DOLLARS TO GET SOME OIL...
[JESTER] IN THIS CASE YOU BUY WITH ANYTHING YOU GET AN SDR BOND... WHICH PAYS OUT IN YUAN...
[hoot2602] JESTER Never thought of it that way but it makes sense
[JESTER] RUSSIA IS ABOUT TO GET IN THE ACT.... ACCORDING TO THE LAST FB ARTICLE I POSTED... CHECK IT OUT THERE...
[PatienceI MAY I TAKE THIS TIME TO BRING IT UP THAT JESTER SAID OCTOBER SINCE LAST YEAR. GUESS WHAT IS 3 WEEKS AWAY?? HMMM
Don961: The disappearance of $ 120 billion of Iraq's budget during the presidency of Maliki government
September 052 016 12:41
According to a report issued by the International Center for Development Studies, to about 120 billion dollars disappeared from the surpluses of the budgets of Iraq Finance, during the term of the Maliki government.
According to the report, "that during the period between 2006-2014 has made Iraq a large financial surpluses could contribute to the Reconstitution and turn it into a modern state, where the total budget was in that period of $ 700 billion went mostly into the pockets of the corrupt
. the report added that " the Prime Minister Haider al - Abadi received from his predecessor , al - Maliki treasury almost empty where there is no more than $ 700 million only, what make Iraq in an extremely difficult financial situation , especially with the drop in oil prices and declining revenues, the report pointed to the Iraqi Central Bank reserves also declined at a time when he should be getting it. "
the report continued , " at a time when budgets Iraq rose from $ 100.5 billion in 2012 to 145.5 billion dollars in 2014, the central bank 's reserves fell from $ 88 billion to $ 67 billion, and continued the decline that this year reached $ 43 billion, a decline of up to 45 billion dollars and the rate of decline is equivalent to $ 9 billion a year , go mostly to purchase of non -produced commodities.
the report pointed out that" during the months of January and February of 2016 Iraq 's financial revenues totaled 3.269 billion dollars
, while the central bank sold 5.821 billion dollars to import goods, where it was to cover the difference of 2.552 billion dollars from the reserve, as the Bank Central during the period from 2012 -2015 $ 6.5 billion under the instruments to buy shows that it comes from a fictitious company and to calculate the companies turned out to be fake it , too. "
Don961: Wednesday, September 07, 2016
FATF Execution to Continue
All interactions with FATF will be carried out under the supervision and within the framework set by the High Council on Anti-Money Laundering
The High Council on Anti-Money Laundering on Tuesday issued a statement in defense of collaboration with the Financial Action Task Force –an international initiative to combat money laundering and terror financing–saying fulfilling the demands of the international body will be in line with national security and interests.
"The decision to cooperate with FATF was made by the council with the unanimous consensus of all members, including the minister of economy, the minister of industries, mines and trade, the minister of intelligence and the governor of the Central Bank of Iran," read the statement cited by IBENA.
"All interactions with FATF will be carried out under the supervision and within the framework set by the High Council on Anti-Money Laundering. It will be in accordance with national interests and take intelligence and security issues into consideration. Therefore, no state organization or body is allowed to interact with the group independent of the council."
The intergovernmental FATF was founded in 1989 to combat money laundering, but its mandate expanded to act on terrorism financing in 2001. The group decided in late June to keep Iran on its blacklist of high-risk countries but welcomed Iranian promises to improve and called for a one-year suspension of some restrictions on Tehran.
Disclosure of Information
Cooperation with FATF hasrecently attracted much controversy and media backlash among hardliners who assert that it would lead to the disclosure of the country's financial affairs to the organization.
"Regarding this, it must be noted that FATF only concerns itself with policies, procedures, rules and regulations," the statement noted. "It does not engage in the collection of data pertaining to specific transactions and deals, as the group has no mechanisms in place to receive info from banks and countries."
On concerns regarding the leaking of Iran's financial records to other countries such as the United States, the council notes that no FATF member is obligated to share the information of its clients with other members and any exchange of information will be handled only through bilateral agreements.
In defense of FATF membership, the powerful council pointed to another case in point, emphasizing that Iran will not be forced to accept the definition of terrorism espoused by western countries.
"FATF has provided no specific definition for terrorism. It has instead chosen to elaborate on vocations and methods that are normally employed by financiers of terror and has provided the necessary precautions," the council said.
"The Terrorist Financing Convention of 1999 [formally the International Convention for the Suppression of the Financing of Terrorism] provides a definition for terrorism that has also been accepted in the Anti-Money Laundering Law that was passed by the Iranian Parliament in 2014 with minor changes in the wording. Therefore, from a conceptual standpoint, Iran sees eye to eye with the global community when it comes to the definition of terrorism."
Another problem with continuing cooperation with FATF, as claimed by the critics, is that Iran will have to implement some of the resolutions issued by the United Nations pertaining to terrorism that would ultimately impose more sanctions on Iran.
The council responds by saying that the main UN resolution in question is Resolution 1267 which is about Al-Qaeda, Taliban, ISIS and other terrorist outfits and people associated with them.
"Like many other countries, Iran itself has been a victim of terrorist attacks masterminded by these groups and so the points of the resolution have already been implemented by Iranian banks for years," it said.
No Unilateral Sanctions
If Iran continues to work with FATF, critics say, the country will be forced to accept unilateral sanctions imposed by the US. Therefore, Iranian banks will be obligated to cut off any link with entities still on the black list.
The High Council on Anti-Money Laundering counters this idea by saying that "from a technical and expert standpoint, there are no references within FATF's standards that would obligate Iran or any other countries to implement sanctions put in place by the US. The US sanctions regime exists independent of FATF".
"Furthermore, it has been clearly stated in the JCPOA [the official name of Iran's nuclear accord with world powers] that all Iranian nationals should be allowed to establish financial and economic relations with one another."
In conclusion, the council notes that cooperation with FATF is a "necessity" that is outside the nuclear deal and not a concern exclusive to the current administration.
At present, 198 countries have embraced FATF's recommendations, making the number of countries that are a member of FATF surpasses those of UN members (193).
"Considering this fact and in keeping with the constitution and the good of the country, implementing FATF standards is a vital effort to combat corruption and improve international relations," the council said.
"International collaborations will, therefore, continue until the desired goals are achieved."
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