Vinman January 28, 2015 at 7:48am The iraqi budget should be calculated, complete, voted and approved in less than or equal to 24 hours. TIME IS RUNNING OUT!!!!
R.V. / GCR January 28, 2015 at 7:10am As much as you want to see this, i agree how fun that might be
Problem is the codes were given again last night to set platforms …yet no release....what the hell.
Looks like, they are going to wait 16 more hours for final preparation then allow that handshake.
The rest of the word John Q, Public looks still for an exchange date of approximatly feb 1st.
Whichever, as it would be a great blessing just to see the Economic reality.
The biggest hope is its all set in stone before Febuary 5th in preparation of the new Forex Currency offices set to open in Iraq.......Timber...Timber...Timber...it looks good from where I Sit.
Ranger4564 > R.V. / GCR It looks like they are waiting for the announcement from the Iraqis before this is transacted... let's hope the Iraqis make that announcement. Thanks RV/GCR.
Ron Burgundy > R.V. / GCR WOW - Good information and reasonably accurate! (except the Feb 5th, Iraq Forex office opening, that means nothing - that could be easily delayed). Also, Exchanges could start this weekend. Way to go PT :)
R.V. / GCR > Ron Burgundy Thank you, this just in the codes that were released for some of the leveled out and prossesed confired farmers bonds have been funded and set for released
Ron Burgundy > R.V. / GCR I am hearing similar info :)
R.V. / GCR January 28, 2015 at 8:25am Houston we still seem to have a problem......
Some call it a basket of currencies, others call it there entire life savings, in the event that only dinar revalues there is some talk about the delay of the TRN being the cause for these other countries to find their stall.
Its starting to look as if they are trying to build a backwall date. For the others countries. I.e. Easter.
Yesterday it was May today its been narrowed down by three weeks...yippy yea right.
This presents itself as a problem for currency holders of Im i.e. dong and some others, unless the basel three is signed… they dont go without the backing of the treasury because whole countries do not trust the countries solo...they want a guarantaur....i.e. us treasury or brics allience.
This could go as fast as the dinar goes but, be prepared to wait on the hill and their decision for the Trn`s/usn now scheduled between now and possible Easter......hope that helps.....i lost my copy paste so this is all made up, consider as TIMBERFICTITIOUS
Vinman > R.V. / GCR Interesting. If they do that we will all be billionaires. I'd just have to buy up all the dong and Zim I could find. Stalling will not be beneficial to any of those other countries.
R.V. / GCR January 28, 2015 at 9:09am (Hearing that) The usa loses parental rights and the children will have been adopted on the 29th of this month........the derivitives have been purchased by the wealth of the world....we will see
G T January 28, 2015 at 8:39am So it looks like (AT THIS MOMENT) it looks like The USA is going to allow Iraq to Announce their Budget within the Next 24 Hours (It's been voted on, Recalculated, & Adjusted NUMEROUS TIMES & HAS BEEN READY FOREVER)!!!
The SAND IS FLOWING THRU THE HOUR GLASS ............FAST!!!!
The Currency & STOCK Markets are FALLING LIKE CONCRETE BOOTs!!!
The Worlds Waiting .........
MacMandeere January 28, 2015 So, realistically, we are looking at a window between 4pm to 11pm Est. for this to pop. The US want it after the markets close, and Iraq want it before there business day begins. Iraq has written laws about merchants taking advantage of customers during the RI, and the good Dr. stated in his plan to not have the transition during their business day.
Vinman > MacMandeere You know...if they really want to surprise everyone they should just do it in the middle of the day. Then no one can pin down a day or time slot. :-)
Iko Ward: Forex did an odd pairing this morning. 1138/1191, continuing their strange behavior from last night. Don't worry the details, the fact they are fishing is what's important. In the past, when we were sure it would go, they did the same thing.
airam : 1-28-2015 sczin11 it appears what was discussed in the un-announced meeting this past sunday, has been made official...the cbi is going to provide money to their local banks, in order to create loans for the private sectors, jobs for more iraqi citizens, and is going to buy back bonds to save the government on interest payments, thus aiding in the "liquidity" issues...
normanros :Baghdad (AIN) –The Financial Parliamentary Committee will resume its meeting on Wednesday to finalize the draft of the Budget Law of 2015, according to the member of the Committee, Sarhan Ahmed. ….done done
English White Knight: THE WITCH HUNT BEGINS
In case you had not noticed, I wish to make you aware that the media worldwide has decided to mention the wealth of the 1% almost every day and is implying that all the worlds problems are because of those greedy misers. This is stirring up a great deal of discontent and may result in aggression towards anyone displaying even a hint of wealth.
So friends, as you are about to join the 1%, I implore you to tell nobody about it. Do not buy that flash car. Do not buy a house that needs a security fence with guards. If you must tell anyone why you can suddenly afford more, tell them it was a SMALL lottery win and buy them a drink. If you broadcast you wealth you will become a target and could end up dead or dead broke. If you wish to donate money to a worthy cause never do it using your own name. Create a trust and you them become annonymous.
I am not being negative. I would say cautious is the operative word.
If you want to know more about becoming less of a target get the book by J J Luna entitled 'How To Be Invisible.'
When the RV pops you are allowed to smile broadly but only when you are in the little room out of sight.
Enjoy your future but do be careful. EWK
backdoc » January 28th, 2015, 1:12 am
Gundlach: Fed should hold line, ECB QE will fail
The Federal Reserve has little justification to raise interest rates amid a deflationary global backdrop, bond expert Jeff Gundlach said.
"There was a year, 1937, when the Federal Reserve tightened credit conditions prematurely and it led to the second leg of the Great Depression," said Gundlach, who confessed to being "worried" that the Fed would do the same thing even though there are no inflationary pressures that would indicate a need for tightening.
The head of Doubeline Capital, who was nearly alone in predicting that government bond yields would fall in 2014, also said he doubts that the European Central Bank's foray into quantitative easing will work.
"The Europeans have decided to do quantitative easing, and I expect they'll have very little success," Gundlach said, speaking Tuesday at ETF.com's Inside ETFs conference in Hollywood, Fla. "You wonder if all the king's horses and all the king's men will be able to keep Humpty Dumpty together."
The various cross-currents have created some notable market moves.
Oil prices have plunged and the U.S. dollar, after years of being suppressed by Fed policy, has become a strong player on the global currency stage.
Gundlach said he believes the greenback will continue that role. Interestingly, he also sees gold, a traditional inflation hedge, as another positive story for 2015.
Read More Lew: Strong US dollar is 'good for the world'
"Gold does act as a safe haven, and it seems like gold is predicting trouble correctly," he said. "I'm bullish on gold. I increased my position in gold a couple weeks ago."
As he addressed the conference, the stock market was in the midst of an aggressive selloff triggered by weak economic data. The numbers showed a decline in business investment, which Gundlach attributed to falling energy prices.
He predicted that crude would not return to its lofty price range, and that in turn would zero out capital investments from energy companies. He specifically disputed a prediction from noted oil man T. Boone Pickens, who said recently that oil was heading back to $100 a barrel.
"He knows more about energy than I do, but I know a lot about markets and I just think he's wrong," Gundlach said.
"I don't think it's going to rebound quickly," he added. "It's dropped enough that there's somebody out there that's on the edge of bankruptcy...This is enough of an event that it truly classifies as a black swan."
Gundlach sees the biggest long-term market risk being the amount of debt companies have piled up in the low interest rate environment that the Fed has created. However, he believes that the full disruption probably won't be felt for several years.
walkingstick » January 28th, 2015, 8:42 am
World Bank donates to Iraq for 6-trillion budget
BAGHDAD / ... revealed an economic expert peace Sumaisem, Wednesday, for the World Bank donated $ 6 trillion dinars to Iraq in order to reduce the projected deficit in the federal budget for 2015.
Sumaisem said, in a statement to "Ein Iraq News", "The final report of the budget must be under certain controls, which reduce the deficit first, and reduce overhead by and increase overall revenues by the last second," indicating that "the World Bank donated 6 trillion in order to reduce the deficit in the Iraqi budget. "
She Sumaisem that "if implemented new standards for the unification of the salary scale on the one hand and the reduction of social benefits expenses, which amounted to 200% then it is possible that these measures indicate a sign of optimism for the Iraqi people," she asked, "Do you reduce the minimum functional degrees granted three presidencies?, And classification of peace Do you include a new salary scale for each unified state employees?, how much will the salaries of special grades? "./ ended 13
LoveThisFamily: Deficit covered...WB on board...green light, GO!