[Agent 007] Next topic is about LIBOR
[kktwahoo] We need to start to understand it I am watching and thinking it is a strategy - related to switching of currency
[Agent 007] Not so much the scandal but the spin LIBOR in the news the mainstream news all over the place on biz talk shows and still way above everyone's head very complicated stuff that the financial world does behind the scenes
[kktwahoo] Financial world does it in background What does it affect? This is historical One of the major tactics in shifting
[Agent 007] what does it effect? it is historical
[Agent 007] and Historian is suspecting that this is the shift London Interest Banking .... Rate rate is set set too low someone pays to little
Read More Link On Right
[kktwahoo] LIBOR London Interbank Offered Rate Any kind of interest rate - everyone lops it or sets it too high
[kktwahoo] Our of USA Today - City of Balitore is suing banks involved in LIBOR scandal
[Agent 007] set too hight someone pays to much City of Baltimore is suing banks referred to the "Crime of the Century" so complicated let's look at the scale USA Today most widely used in the world vary from 350 trillion to 800 trillion USD
[kktwahoo] Will get links to admins
[kktwahoo] LIBOR is most widely used interest rate in the WORLD $350 Trillion to $850 Trillion
[Agent 007] 350 trillion would cover 96 years of US spending rates artificially set this has been happening for many years one of the big banks decided to be the whistle blower HSBC interesting is the spin close to arresting traders for colluding
[kktwahoo] Close to arresting individual traders and charge them with colluding......
[Agent 007] identified traders across 9 banks - one is UBS actually looking at 26 banks or so a large number of banks which are major trading partners of the Federal Reserve Banking system network to carry out things like this
[kktwahoo] Looking at 26 banks which are incidently major trading partners of the Fed Reserve
[Agent 007 [kktwahoo] Seem to have been in a network
[kktwahoo] Goes way beyond bunch of traders - rogue traders did this
[Agent 007] blaming it on a rogue trader Reuters Zurich - doubts traders acted with criminal intent accuses regulators Reuters UK about Geithner - saying no we don't know - and then corrected himself - it is now the 3rd amendment to the original one lots of changes Geithner became aware in 2008
[kktwahoo] Zurich - former head of UBS - doubts if traders at major banks acted with criminial intent Reuters UK - about Timothy Geitner - finally came out and corrected himself
[Agent 007] but Fed docs show as early as 2007 Barclays said something
[kktwahoo] ARticle was 3rd amendment they had - Geitner said he knew in 2008 but Barclays told Fed as early as 2007
[Agent 007] why wouldn't G eithner know? lawmakers aren't buying this the Fed using LIBOR, etc., etc. including the AIG bailout Geithner in trouble with Congress committees It appears the early response was to continue to use it instead of highway robbery Geithner response - the best choice at the time
[kktwahoo] Lawmakers are NOT buying this - including controversial bailout of AIG Geitner never once told Congress about this in all these years Bernanke says process for setting rate was structurally flawed
[Agent 007] Bernanke - private UK banking group responsible they though are used by everyone in the world no government cannot back off and say that they didn't know about it in this case, Historian is thinking: what is this have to do with the change over of the banking systems and the RV the banking system is so corrupt incapable need to shift and get out of this
[kktwahoo] Existing banking system is so corrupt and they will have to shift to a new system
[Agent 007] Historian is also looking at strategy and tactics
[kktwahoo] Something more deep than that - strategy and tactics
[Agent 007] in a week after week one after another scandal and each is bigger than the previous one
[kktwahoo] Week after week - scandal after scandal - get bigger each week
[Agent 007] what is next? this is global on a huge scale
[kktwahoo] Global on a huge scale - been doing this for a long time
[Agent 007] they have been doing this for a long time
[kktwahoo] Something coming out a bit at a time
[Agent 007] Historian feels they have all of the information that they really need
[Agent 007] for those that don't want this all coming out (banking families)
[kktwahoo] They are hoping they can spin it a certain way and they can make it calm down
[Agent 007] what is the advantage to the folks that we are shutting down the old system and start a new one they want us to get riled up we glaze over - we know it is bad, not good but it is really hard for us to get mad about one thing
[kktwahoo] We are going to shut down system and go over to a new one Want you and I to get very mad Something that we don't know much about - our eyes glaze over They are letting these folks stretch it out a bit and keep it in the news
[Agent 007] saying ok let's keep putting out more and more to get us really angry
[kktwahoo] Not the whole system - just a few rogue traders, etc.
[Agent 007] the next shoe drops and proves that what was told with the spin wasn't the whole story, etc. - it continues to spiral and mushroom
[Agent 007] when Historian looks at these articles and in the blogs and read the comments, she sees utter disgust ] people so fed up want the whole thing to just go "I don't care how much trouble it is - just get rid of it" expressions are saying GO GO GO get rid of these guys we don't care anymore - just get rid of these guys that is where we are heading and that is the strategy of the folks driving this we will live through the trouble just change it we will then be ready for the change from the old to the new that may be a little deep for some of you but I watch this and see the pattern repeat week and week and week and makes me very excited about this there is no way this will worm it's way out and not be removed the change of the financial system from old to new is absolutely critical and can't have an RV without this regardless of currencies changing from fiat to asset backed - things still have to change
[Agent 007] thanks Historian Mac - it is brilliant Terry K is in awe
[Agent 007] Historian is convinced that is what they are doing 3 or 4 weeks ago we were discussing what distraction they would use for the RV to come it was just the shear fact that all these paper created fiat debts would have to stop and go away and people would be left holding the bag what a leap to do that this transition is huge
[kktwahoo] Such a huge change - how will people handle this emotionally? So many scandals - one on top of the other One big rotten mess - just sweep it aside and get onto something new
[kktwahoo] Any other comments/
[kktwahoo] Tomorrow is Public Holiday for Iraq for them - heat advisory to shut down for one day - B S article for some reason If RVd during Ramadan they could not celebrate until after sundown (evening) - 3 day feast at end of Ramadan - huge feast Might be waiting Sep to Jan just don't know
[Agent 007] Bluedog - GOI will be working during Ramadan Bluedog - knows that after sundown certain things are allowed. What Parliament can do during the day - regular stuff
[Agent 007] an article out today taking a survey about lazy countries and Iraq came in 18th
[kktwahoo] After sundown certain things are allowed They are working - just not a real big deal for them Iraq was in survey in top 20 for most lazy countries - Irish in there too but USA NOT Kuwait was higher than Iraq I am done
[Agent 007] Bluedog is done
[Agent 007] From: USA Today Search Google: “LIBOR scandal explained”: USA Today | Libor scandal explained and what rate-rigging means to you | (Note from Historian: This is a good Q&A article that explains in simple terms what LIBOR is, how it works and who was hurt by it.) http://www.usatoday.com/ ··· 322230/1 Libor is the most widely used interest rate in the world. Estimates of how much is tied to Libor vary from $350 trillion to $800 trillion. To put that in perspective, $350 trillion would pay for all U.S. government spending for 96 years.
[kktwahoo] Aren't talking to public about this
[Agent 007] so the tactics of the old are to delay Historian finds this to be hilarious
[kktwahoo] Psycholigically and emtionally ready for it
[Agent 007] Bluedog - today (second hand) on AOL News front page - the US Governement House Reps 397 to 98 to audit the Federal Reserve Bank - what is your comment on this?
[kktwahoo] Bludog - getting it 2d hand - AOL news - front page - US govt guess House of Rep 327 to 98 to audit FEd Res bank - comment?
[Agent 007] Historian - that is great an audit was done (some) previously
[kktwahoo] Audit done previously of some things
[Agent 007] they probably new what the result of the vote would have been
[Agent 007] Bernie Saunders pushed the last vote they are pretty fed up with the FED
[kktwahoo] Not a new vote - but want everything audited this time? So much stuff hidden away
[Agent 007] it will be interesting to watch - follow some of this a little bit
[kktwahoo] Things in there that people won't have even imagined are in there[Agent 007] this is an historic moment in time and will go down in history When we look back at this later on - this is a VERY historic moment in time Several weeks later - a bit more of curtain has been lifted for us to see
[Agent 007] when they go back and analyze these - these are important facts have to do through this entire banking system you would make sure that ..... all of this was out there in the news
[kktwahoo] LIBOR is one of the biggies If you need it to explain to the public why you need to go in and audit all the Fed Res banks - what would u tell them?
[Agent 007] Mac - and Bluedog back me up - I perused an article about 21 billion being in off-shore accounts - do you remember this?
[kktwahoo] Get it in the news
[kktwahoo] Mac - there was article about $21 Trillion in off shore account - remember this?
[Agent 007] this was for Russia, China, Korea, various countries US was not mentioned
[kktwahoo] Reuters UK - maybe not - link somewhere - will look for it
[Agent 007] wealthy people world wide from countries that don't have strong laws against off-shore banking Mac - would there be a connection ??
[kktwahoo] Analyzed weathly people worldwide that hide wealth in off shore accounts so their native country does NOT get tax revenue on this wealth
[kktwahoo] Would there be some connection - interest on $21 Trillion would be massive?
[Historian] http://uk.reuters.com/ar ··· rodukx=0
[kktwahoo] Historian has found article Hidden assets in tax havens - from Sunday, July 22, 2012
[Agent 007] Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report.
The capital drained from some developing countries since 1970 would be enough to pay off national debts. The findings show the gap between the haves and the have-nots is much larger than previously thought.
The document, entitled The Price of Offshore Revisited, was commissioned by The Tax Justice Network campaign group and leaked to the Guardian. The report provides the most detailed valuation of the offshore economy to date. "The problem here is that the assets of these countries are held by a small number of wealthy individuals while the debts are shouldered by the ordinary people of these countries through their governments," wrote James Henry, expert on tax havens and former chief economist at consultancy McKinsey in his report.
The document cites the world’s leading private banks as cherry-picking from the ranks of the uber-rich and siphoning their fortunes into tax-free havens such as Switzerland and the Cayman Islands.
The wealth of the super-rich is "protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy."
[kktwahoo] Excluding non-financial assets
[Agent 007] Henry writes that a large part of the trillion dollar hoard belongs to around 92,000 individuals, an elite class of super-rich who make up 0.001 percent of the global population. "These estimates reveal a staggering failure: inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people," said John Christensen of the Tax Justice Network.
The report records the flow of capital from countries into offshores over the past few decades. Saudi Arabia saw almost $300 billion drained from their economy since the 1970s, while Russia saw almost $800 billion leave its economy in hidden assets since the fall of the Soviet Union.
Nigeria issued a loss of $300 billion since the mid-1970s. Henry points the finger at the world’s top ten private banks, among them UBS and Credit Suisse, for aiding wealthy clients to dodge taxes. According to Henry’s figures, the top financial leaders processed more than $6 trillion in funds in 2010, more than double the previous year.
[Agent 007] Banking system – rotten to the coreLast week the US Senate released a report damning the actions of the UK bank HSBC. The report highlighted evidence of the bank’s laх security policies leading to money laundering cases.
It referenced $7 billion in cash that had crossed the Mexican border into the US and been deposited in HSBC from 2007 to 2008. The report suggests that the billions of dollars could have come from drug sales in Mexico. The probe also shed light on a number of other instances when the bank bypassed US safeguards, potentially bankrolling terrorists and drug lords in the process.
The bank had previously had to pay out $1bn to US authorities for money laundering offenses committed between 2004 and 2010. The G20 has repeatedly made calls to end tax-free havens since the beginning of the financial crisis in 2008, but these plans have not yet come to fruition.
[Agent 007] http://www.rt.com/news/o ··· ort-789/
[Agent 007] just one more financial problem happening
[kktwahoo] Just another financial issue that is a problem - not related to LIBOR
[Agent 007] Terry K - how about you, Al
[kktwahoo] Anybody else have anything?
[Agent 007] Q & A now
[kktwahoo] AC 309 Q Harvey - to Historian
[Agent 007] Q: Historian - what you were saying about the new financial system - to the point do you think we are hearing the RV may go to Sept - Jan?
[Agent 007] If the strategy is in the works, we won't see the RV until we have a new financial system
[kktwahoo] What you were saying about new financial system - do u think that is why we are hearing RV may go into Sep to Jan period? Strategy in works.
[Agent 007] What are your thoughts
[kktwahoo] Not going to take that long - I think they can switch it over anytime they want
[Agent 007] A: we could see this anytime
[kktwahoo] No ball park idea
[Agent 007] totatlly dependant on the PTB
[kktwahoo] I hope not myself - wait until Jan Unable to predict when I plan on it, make myself ready constantly - not going to worry about it
[kktwahoo] AC 404 Q - Kevin for Historian
[kktwahoo] Reading article
[kktwahoo] A - essentially what I am looking at and talking about
[Agent 007] A: it is consistant to what I am hearing
[Agent 007] there is a whole lot of other stuff in the background it is huge - global system
[Agent 007] they would have had to start quite sometime ago to attain this
[kktwahoo] Whole lot of other stuff in background - I tend to NOT report on that
[Agent 007] it isn't about one group fighting one group over another they are ready to switch over anytime they want
[kktwahoo] I don't think there is anything that stops them
[Agent 007] Q: Fiat to asset backed currency would collapse what they are doing?
[kktwahoo] Massive change in economic power of the world Significant change - whole different landscapeInteresting to watch
[Agent 007] Q & A over
[kktwahoo] Last caller
[Agent 007] Terry K -
[Agent 007] appreciate that
[kktwahoo] back to you
[Agent 007] wants to thank you all for being on the call tonight
[Agent 007] thanks to the team
[kktwahoo] Thanks for being on call tonight
[Agent 007] especially the roundtable members: Bluedog, Mac, Michigander and Historian
[kktwahoo] Especially Round Table Members, Historian, Tina
[Agent 007] Tina thanks! Al and Connie for all your support
[kktwahoo] Mods, Admins, Mgrs, new mods
[Agent 007] thank the mods, managers and admins
[Agent 007] also want to thank the transcribers
[kktwahoo] Transcribers and Sam
[Agent 007] and Sam for the opening prayer
[kktwahoo] Al and Connie
[Agent 007] a special guest (Mac) for the benediction
[TamRon400] As we close this Conference Call We come before You in complete surrender. Wipe our sinful hearts. Cleanse our wretched souls. Wash our garments soaked in impurity. Search us Father and see if there is any wicked ways in us. Examine and give us Jesus and may He clothe us with His righteousness. We hear the rumblings of Your coming and long to see You and walk with You and be with You, the Hope of All Ages…. But until then… May the Lord Bless us Until then may He make His countenance to shine upon us And be gracious unto us… And until then may He give us Peace… And until then May He give us Jesus… The Hope of All ages … AMEN
[Agent 007] Amen. Thanks, Sam and thanks Mac for reading the benediction.
[kktwahoo] Amen and thank you Mac Good night Mac will do closing prayer
[Agent 007] God Bless you all may the RV blessing come to all of us
[Leo] Thank You For Joining Us Tonight On The G.E.T. Team Conference Call ~ Our Prayers Go Out To The Victims and Their Families of The Colorado Tragedy ~ Come To Us RV ~Good Night
[Agent 007] thanks everyone
Agent 007] Dwight Logan, ETS Docs
[Agent 007] www.assetmanagementtrust.net
[kktwahoo] Dwight now Second identity theft has gotten us down We got about 150 emails saying they are suing us due to bad checks - we did NOT issue bad checks
[kktwahoo] TK now
[Agent 007] it is horrible what is happening to Dwight no matter how well prepared you are people are after you we all will be targets now is the time to start thinking about that
[kktwahoo] WE are all going to be targets I promote Life Lock because that is what I use Life Lock has worked great for me Thanks for coming out to spend time with us Couple pieces of news - talked to Al
[Agent 007] TREAT ALL AS RUMOR
[TamRon400] Between now and Tuesday prime opportunity
[Agent 007] now and next week Tuesday is prime time for the RV lined up
Read More Link On Right
[kktwahoo] UST person - told me again between now and next Tuesday for our blessing Meeting last night with IMF and UST Regarding releasing of Chapter 7 and tax codes
[TamRon400] meeting last night with IMF/UST
[Agent 007] release of tax codes
[Agent 007] TREAT AS RUMOR
[TamRon400] one of largest in tier one cashed out this morning one of the biggest players [TamRon400] trying to verify
[kktwahoo] Call this pm saying that one of the largest Tier One guys cashed in this morning but cannot give out name - pretty big player Trying to verify it went down this morning
[kktwahoo] Roundtable guys now
[Agent 007] 80% of media is Maliki controlled media smoke and mirrors
[kktwahoo] M has 18 guys on staff I heard
[Agent 007] Bluedog will lead the roundtable
[kktwahoo] Who will take lead tonight? Bludog
[kktwahoo] Michangander since he has not been on later
[kktwahoo] I have not been paying a whole lot of attention to govt articles - Bludog and Mac can hash this out
[Agent 007] Kurdish, English and Arabic printing new denoms starting in Sept to finish in Jan
[kktwahoo] Shabibi has said for at least last year - plans to release and issue new currency - print in SepREady for 2013 budget
[Agent 007] per articles that michignader0131 has been posting
[kktwahoo] Wanted more pictures for Kurds
[Agent 007] but saying now the currency may not be ready to be released in Jan but not concerned have enough existing IQD to cover lower denoms will be out first
[kktwahoo] Will exchange for new currency - said don't worry
[kktwahoo] Have not paid much to negative articles ARticles about GOI - Shabibi threw hands up
[Agent 007] Shabibi has washed his hands of the GOI so be it will continue without GOI approval
[kktwahoo] S has waited a year now I can do it and do NOT need your approval Has it from the economists, ministers, etc. Basically going to go on with his plan Getting the Iraqi economy on track again Rumor or whatever - maybe they have started getting it going - could be anytime - I think we are extremely close Time will tell
[Agent 007] BLuedog - how many notes will the Kurdish show up on with pictorials?
[kktwahoo] Q - how many notes are the Kurdish going to show up on with pictures?
[Agent 007] Remember Bludog talking about Barzani's European trip - he delivered a picture of his father on a horse with a few guys in the photo with mountains in the background
[kktwahoo] Shabibi feels like the Kurds need to be prepresented in some form Barzani going to Europe and secret stop over to Switzerland - delivered a picture of his father on a horse with mountains in back ground
[Agent 007] maybe that is what he delivered to Switzerland late Feb. early March
[kktwahoo] Occurred in Feb or early March 2012
[Agent 007] really believing this will be one of the new bills
[kktwahoo] 3 gentlemen following horse with guns to protect him - on picture
[Agent 007] http://en.wikipedia.org/ ••• -Barzani photo here
[kktwahoo] Mac next
[Agent 007] Abu Dhabi Islamic Bank opens first branch in Iraq Abu Dhabi Islamic Bank, the highest Islamic financial institution, announced Wednesday expand its regional presence by opening its first branch in Iraq ......................................The chief executive of the Bank of Abu Dhabi .........................."Iraq has been on our agenda for some time and now believe that this is a good time to start ..... gives great opportunities for growth and we look forward to playing a pivotal role in the development of the economy in Iraq. http://translate.google. ••• EAj.html
[Agent 007] (Bluedog reading article)
[kktwahoo] Expand presence by opening a branch in Iraq - good time to start
[Agent 007] they are the Middle East's financial leaders they opened up about 6 months ago in Iraq
[Agent 007] Mac -
[kktwahoo] Perfect timing to be in Iraq
[kktwahoo] Mac NOW
[Agent 007] I read a lot - pretty much everything want to thank you for your prayers for those in Aurora CO Mac used to live about 6 blocks from that location
[kktwahoo] I lived about six blocks away from that location when I first moved here Some are trying to equate shooting to RV - I find this reprehensible Theater is now about 45 minutes from where I live
[Agent 007] It was the act of a madman and has no connection at all to the RV
[kktwahoo] Trying to equate act of a mad man to RV of a currency thousands of miles way - having NOTHING to do with our investment I have lived here 12 yrs and love this state Ask God for His consolation for them Occupies 3/4 of newcasts out here right now
[Agent 007] So hurtful thanks Mac on with the government the national alliance very busy Jaafari very busy
[kktwahoo] I will get off soap box National Alliance has been very busy this week
[Agent 007] response from the triplets: Barzani supports reform paper Sadr has said that he will support the reform paper if they are serious
[kktwahoo] Sadr said he will support reform paper if they are serious
[Agent 007] Allawi - said we don't need any more committees or dialogue - we need action
[kktwahoo] We need action NOT more committees
[Agent 007] the National Alliance accused of using this as a stall tactic
[kktwahoo] What do they possibly have to gain to drag this out?
[Agent 007] There are 2 candidates out this week: MOI – Sasdi Minister of Interior Sadr doesn't like him part of the Dawa party (Maliki's party) the MOI will handle all security and military in Iraq MOD (Minister of Defense) - more optimis – Zobaie Iraqia party (allawi party) Salhi (Allawi - Iraqia party)
[kktwahoo] Minister of Defense - 2 is Vobaie other Salhi From same party as Allawi
[Agent 007] Zobaie had been proposed as a candidate a few days after our last call Salhi introduced yesterday
[kktwahoo] Mr. Salhi was mentioned yesterday in news
[Agent 007] Zobaie had Barzani and Iraqia's endorsement Mac googled both of these men and really couldn't find any information about them nothing earth shattering or strategic good news: both from Allawi's block
[kktwahoo] Looked both up on google and could not find either one We will have to see how MOD goes - both from Allawi's block Council of Ministers - Vice PM - ??? missed name
[Agent 007] Maliki is inching closer to what the others want
[kktwahoo] M is inching closer to others
[Agent 007] an article yesterday - Maliki wants to host the Parliament after Ramadan
[kktwahoo] M wants to be hosting Parliment after Ramadan
[Agent 007] explains that he is going to come, explain the Constitutional violations and what went wrong with this whole process Allawi yesterday came out yesterday that there is no political crisis Oppostition jumped all over him
[kktwahoo] Shortage of services, no electiricty, no water, no hospital services, and others
[Agent 007] what Allawi actually said was brilliant - There is no crisis - it is in goods, security, unemployment, electricity, water (lack of), or medicine, hospital services, education - all are what the issues are the lack of all of these
[kktwahoo] Allawi has a better pulse on what the Iraqi people want
[Agent 007] It is very interesting that Allawi is calling a spade a spade but Maliki continues to spin to his own advantage
[kktwahoo] Allawi is calling a spade a spade for awhile
[Agent 007] Osman (Parliament) - had to come out from meeting of Jaafari and Allawi - that there is an alliance between Allawi and Maliki
[kktwahoo] Ofman - has to come out from meeting between Jafari and M
[Agent 007] there is no alliance between them
[kktwahoo] This minister came out and said there is no alliance
[Agent 007] YOU NEED TO READ WHICH SOURCE IS SAYING WHAT
[kktwahoo] Need to read which source is saying what
[Agent 007] we see it in our own politics here no agreement, no alliance Barzani on Weds last week had insisted on the National Conference wants to make this all public
[kktwahoo] There is no agreement no alliance between A and M
[Agent 007] really wants to air all of the dirty laundry in front of the whole country
[kktwahoo] Barzani wants to air the dirty laundry before the whole country
[Agent 007] on the 21st Sadr says they are still going on with the vote of no confidence
[kktwahoo] Said they are still going to pursue this No Confidence Vote
[Agent 007] Allawi will not question Maliki and doesn't know who but that they definitely will
[kktwahoo] Does not know who will question M but someone will - Sadr is hedging his bet
[Agent 007] Sadr - you put Maliki on the edge of the cliff (Allawi and Barzani votes) - I will bring my votes in and push Maliki over the cliff
[kktwahoo] No Confidence vote has not ended
[Agent 007] either you will see a full endorsement of this paper and all or some will get behind this Talabani in an article this week said he is going to remain in Germany until the end of Ramadan
[kktwahoo] Came out and said he will remain in Germany until end of Ramadan
[Agent 007] the last thing is the term limits will only apply to Allawi and not to Barzani as Barzani is still a leader in Kurdistan the people exempt: Maliki and Talabani trying to manipulate the constitution (Maliki)
[kktwahoo] Allawi will get term limits Would take an amendment to Constitution
[Agent 007] several articles looks like they will amend the constitution
[kktwahoo] It is Iraq talking about what they will do when they get around to it
[Agent 007] Bluedog and Michigander you can jump in here. Mac noticed something minor one specific source coming out quite frequently - June 24, 2012 new source ] can't confirm or find any info on them
[kktwahoo] One source coming out frequently - seems to start 24 June 2012 -
[Agent 007] Bluedog - Maliki just bought out a huge satellite news agency
[kktwahoo] M put out huge satellite news agency he owns the majority of stock M has control of it Very great sources so got shut down
[Agent 007] BLuedog has been cut out from a lot of news sources from Iraq - many have been shut down
[kktwahoo] Space Channel M wants this channel to benefit his own interests M is inundating air waves - print and air waves both Here is USA we have someone to always advise candidate - this is what they are doing National Alliance has made a mess of country of Iraq
[Agent 007] the triplets still going for the no confidence vote
[Agent 007] thanks Mac
[kktwahoo] Triplets are continuing to do their work Stand By Agreement
[Agent 007] The Stand by agreement just a portion of it.................... The authorities remain committed to continue to move forward with the implementation of the reforms and therefore also request an extension of the SBA to mid-2012 to allow for more time for their completion, as well as to underscore their commitment to maintain sound economic policies while ramping up investment in public services and infrastructure.
They furthermore request a rephasing of remaining disbursements as financing needs have shifted from 2010 to 2011. Against this background, staff supports the authorities’ request for completion of the second review and the release of a disbursement of SDR 297.1 million (25 percent of quota). • This report is based on discussions held during November 15–20, 2010 and January 20–21, 2011 in Amman.
Staff met with Deputy Prime Minister for Energy Al-Shahristani, Ministers of Finance Al-Zubaidy and Al-Essawi, Minister of Oil Luaibi, Governor of the Central Bank of Iraq (CBI) Al-Shabibi, other senior government officials, and staff of Rafidain and Rasheed banks. The staff team comprised Mr. van Rooden (head); Ms. George, Ms. Oliva (all MCD), Mr. Bakhache (SPR), and Mr. Shbaikat (Resident Representative). http://www.imf.org/exter ••• 1175.pdf The SBA will be extended until Feb 23, 2013.
[kktwahoo] Expired 25 July 2012 It has been extended to 23 Feb 2013 now Scheduling the release of new currency Why only 7 months?
[Agent 007] Kuwait reaffirms the owners go ahead and finish the outstanding issues with Iraq ............ Kuwaiti Prime Minister emphasized his country's support for ending the outstanding issues between the two countries in its final form, noting that the two sides expressed their satisfaction with the results of which resulted from the recent talks between Kuwait and Iraq. http://translate.google. ••• 582.html
[kktwahoo] Did not have that much in my notes Not paying IMF but will pay Kuwait - huh?
[Agent 007] 2000 young Iraqi's (were in the US training) - now going back there to bring Democracy back to their country it is uncertain because of negotiations
[kktwahoo] S expects delays with new currency
[Agent 007] Shabibi said it would be nice to have the GOI approval but not necessary Russia - 156th government on Aug 22 to WTO
[kktwahoo] Russia will be become 156th in WTO on Aug 22, 2012 Iraq, Iran, Syria, others not recognized yet Large arms deal worth over $1B with Russia
[Agent 007] [michigander0131] | On 2012-07-24 | by David Muhannad Log In | 2 | BAGHDAD / electronic integrity Russia officially notified the World Trade Organization on Monday that it has ratified its membership agreement, which means it will become 156 in the User Organization on 22 August.
The Russian economy is the largest economy still outside the organization. The size of the Russian economy $ 1.9 trillion is the ninth largest economy in the world. The States that seek to join the World Trade Organization to agree on terms with the current members of the organization and amend its laws in line with WTO rules.
Once the state wishing to receive the green light for membership must ratify the agreement by the membership. And must notify the organization of such approval and then you get membership automatically after 30 days. Other countries that have not joined the Organization of Iran, Iraq, Libya, Syria, Belarus, Algeria, Bosnia, Serbia, Sudan, Uzbekistan and Kazakh. http://translate.google. ••• a.com%2F http://translate.google. ••• a.com%2F
[kktwahoo] About all we have - turn it over to others
[kktwahoo] Historian are you here?
[TamRon400] A lot to talk about 2 main topics
[kktwahoo] Two main things
[Agent 007] 1. correcting dinar world intel interpretation of "exotic currency" June 7, 2012 post by Historian – GET Team forum – “…. Exotic currencies are simply currencies that are not the major currencies. There are lots of exotic currencies.
The majors include: the US dollar, Euro, Canadian dollar, Swiss franc, British pound, etc. Exotics include the BRICS and other well known currencies, as well as a lot of other lesser known currencies. For example, the Singapore dollar, Hong Kong dollar, Chinese yuan, Brazilian real, Russian rouble, South African rand, Indian rupee . . . “ http://www.thegetteam.co ••• msg58558
[kktwahoo] Quick correction about "exotic currency"
[Agent 007] Definitions from Investopedia: http://www.investopedia. ••• x7snyZHd Definition of 'Exotic Currency' -- A foreign exchange term for a thinly traded currency.
Exotic currencies are illiquid, lack market depth and trade at low volumes. Trading an exotic currency can be expensive, as the bid-ask spread is usually large.
Investopedia explains 'Exotic Currency' -- Exotics are not considered major currencies because they are not easily traded in a standard brokerage account.
Major currencies include the U.S. dollar, Euro, Canadian dollar and Swiss franc.
Examples of exotic currencies include the Thai baht, Uruguay peso or Iraqi dinari. List of exotic currencies from a Forex site: http://www.fxstreet.com/ ••• urrency/ The green chart lists the exotic currencies. Below that in the “Key” you can see all the countries. Note that all the BRICS are in this list, as well as Hong Kong, Singapore . . .
[Agent 007] Definition of 'Exotic Currency' -- A foreign exchange term for a thinly traded currency. Exotic currencies are illiquid, lack market depth and trade at low volumes. Trading an exotic currency can be expensive, as the bid-ask spread is usually large.
[Agent 007] Investopedia explains 'Exotic Currency' -- Exotics are not considered major currencies because they are not easily traded in a standard brokerage account. Major currencies include the U.S. dollar, Euro, Canadian dollar and Swiss franc. Examples of exotic currencies include the Thai baht, Uruguay peso or Iraqi dinari.
[Agent 007] USD, EURO, CAD, GPB, etc. - these are regular
[Agent 007] all of the BRICS are exotic currencies China, Brazil, Russia, etc.
[Agent 007] List of exotic currencies from a Forex site: http://www.fxstreet.com/ ••• urrency/
[Agent 007] The green chart lists the exotic currencies. Below that in the “Key” you can see all the countries. Note that all the BRICS are in this list, as well as Hong Kong, Singapore . . .
[Agent 007] when it is on forex, it is highly tradeable may not be traded a lot - majors are, exotics aren't please keep this all in mind some post RV may change from exotic to major currency
Any comments on this?
[Agent 007] Terry K - when Historian speaks we listen
[Agent 007] Mac - I was on my bed and it still went over my head
[Agent 007] you can make assumptions on these things - stay away from financial terminology that you don't understand as it is complicated
NEXT - PART TWO - CONTINUED .........
7-25-2012 Mrfnhappy: The GOI's annual budget typically equals (in rough numbers) projected oil revenues. In other words the money (USD) is spent before they make it. Of course part of the budget is allocated to investment, but most of it is spent on salaries, projects, etc...This year the GOI stated that if there were oil revenue surpluses, that these would be distributed the people.
This article is a few months old, but gives you the gist of it. For the CBI, the benefit of the flow of USD into Iraq come through the daily auctions. The CBI makes 13 dinar per dollar sold at auction and this is a large part of how the CBI increases it's reserves.
There are no direct contributions to the CBI reserves from the GOI's oil revenues. My point is there isn't an over-abundance of dollars there, they all get used, and so the only way those dollars from the GOI help the CBI is via the daily auctions, the GOI doesn't just give dollars to the CBI if they have any extra (which they don't).
7-25-2012 Tony (PTR): HOPEFULLY TODAY [THURSDAY] THEY WILL ANNOUNCE 3RD MINISTER. NEWS SAYS THIS WILL BE COMPLETED BEFORE THE END OF RAMADAN.
IF THIS WAS GOING TO HAPPEN IN JANUARY OR IN JULY, 2013, THE GOVERNMENT WOULD NOT HAVE THE BANKS SENDING NOTICES OUT TO MAKE SURE THEIR PEOPLE ARE PREPARED. IT WOULD BE STARTED CLOSER TO THAT TIME FRAME.
OUR GOVERNMENT KNOWS THE EXACT DATE THAT THIS IS GOING TO HAPPEN. ALL THIS STUFF IS HAPPENING NOW, BECAUSE IT IS HAPPENING NOW. EVERY ARTICLE COMING OUT SAYS CBI IS READY.