Post From Wealthwatch.world Chat Room 9-8-15
Wealthwatch Late Night Chat 9-8-15 Part 2 of 2
BB824: ‹@chattels› so chattles, are you saying its not, in your opinion----chattels: Is that the same world ready to assign great value to the Iraqi dinar in the world market ?
chattels: I am questioning whether Iraq is ready or able to accomplish the necessary reform(s), yes.
Donnie: Iraqi Bonds Struggle to Attract Investors
Donnie: Iraq’s effort to enlist bond investors in its fight against the self-proclaimed Islamic State and a collapse in the price of crude won’t come cheap.
The Gulf nation’s first trial in the Eurobond market in almost a decade means it may have to pay “double-digit” interest to lure investors, says Morten Bugge, who helps manage about $2.5 billion of emerging-market debt at Kolding, Denmark-based Global Evolution. - See more at: www.businessweekme.com/Bl...
Donnie: Eurobond -- DEFINITION of 'Eurobond' A bond issued in a currency other than the currency of the country or market in which it is issued.
Donnie: A eurodollar bond that is denominated in U.S. dollars and issued in Japan by an Australian company would be an example of a eurobond. The Australian company in this example could issue the eurodollar bond in any country other than the U.S.
Donnie: They may also denominate their eurobond in their preferred currency. Eurobonds are attractive to investors as they have small par values and high liquidity. Read more: Eurobond Definition www.investopedia.com/term...
Donnie: Companies now raise money -- debt and equity -- outside their own national borders and in foreign currencies, tapping investors for needed cash all around the world.
Donnie: Eurobonds are one method of financing a company with foreign money. By definition, Eurobonds are bonds that are issued in a currency that is not the domestic currency of the issuer.
Donnie: read "most" of this lol
Donnie: You also have to consider the needs of the investor. A London fund manager who oversees a pound-denominated portfolio might like the risk-reward ratio of Apple debt, but only if he or she can invest without exchange-rate risk. A pound-denominated Apple Eurobond would allow the fund manager to invest in Apple debt without worrying about exchange rates between the U.S. dollar and British pound.
Donnie: invest without exchange-rate risk
Donnie: invest without exchange-rate risk
Donnie: ‹@chattels› educating myself on eurobonds which have nothing to do with the EUR
Donnie: figured i'd share what I learned
chattels: ‹@Donnie› ty
Oneness: the struggle is real
Oneness: it is more about religious issues then political
Donnie: ‹@chattels› i didn't know what a eurobond was but from what i posted anyone can see why Iraq went with eurobonds. They take the Dinar value out of the picture.
Donnie: ‹@Oneness› i'm talking about Iraq selling eurobonds. nothing to do with the struggle or issues
chattels: ‹@Donnie› Interesting, but there are still underwriting concerns re: ability to repay
Oneness: @Donnie ... that's cool ... the struggle is real with the euro bonds too
Donnie: but going this way Iraq will be paying in USD and they get that from the sale of oil. Safer then paying in Dinar. Investors like safety.
chattels: ‹@Donnie› Yes ?
chattels: ‹@Donnie› understood
chattels: ‹@Donnie› If they have to promise a double digit return to induce investment then there must be other concerns - not being argumentative - simply thinking aloud with you
Donnie: ‹@chattels› the main concern is the same concern everyone has with Iraq
Donnie: I S I S
Oneness: idk ... do we know exactly the terms of the euro bond deals ... ??
chattels: oil prices - also I think the deficit continues to grow and reserves are reduced, etc.
Donnie: for sure but I feel oil prices are a lessor concern then ISIS especially after proof ISIS used chemical weapons last month
BOBBY: Donnie.... thanks for that link..... very insightful
Donnie: chemical weapons stepped up this war several notches to severe IMO
Oneness: some other interesting news ... al-Maliki signed an agreement with Turkey allows it to invade Iraqi territory
Donnie: ‹@Oneness› Got Link?
Oneness: iraqidinarchat.net/ ... Parliamentary Foreign Affairs: al-Maliki signed an agreement with Turkey allows it to invade Iraqi territory Tuesday 8 September 2015 | 05:28 evening
chattels: ‹@Donnie› perhaps, but it occurs to me that the chemical weapons publicity is an effort by the Kurds to amp up support for them
Oneness: BAGHDAD / .. confirmed to the parliamentary Committee on Foreign Relations, Tuesday, that the former Prime Minister Nuri al-Maliki signed an agreement with the Turkish side to allow its army to invade Iraqi territory.
A member of the Committee Mithal al-Alusi’s “Eye Iraq News” that “Saddam’s dictatorial regime signed an agreement with Turkey allows them to invade Iraqi territory to attack the Kurds and stand against their dreams legitimate,” explaining that “al-Maliki renewed this agreement with Turkey to be supplementing what Saddam did the Kurds.”
He called Alusi Prime Minister Haider al-Abadi be among the reforms is to cancel the agreement with Turkey to preserve the sovereignty of Iraq, “noting that” Turkey wants to occupy Iraqi territory and is now penetrating depth of 30 kilometers inside Iraq and has military bases on our territory, and with the knowledge of the Iraqi government. ”
While confirming “Agence France-Presse,” quoting a source in the Turkish government, said on Tuesday that the special forces moved into the wild Kurdistan region of Iraq to hunt down PKK fighters after violent attacks by Kurdish fighters. Ended 9 aynaliraqnews.com http://aynaliraqnews.com/
BOBBY: you would think with chemical weapons in play it would draw a broarder response
Donnie: ‹@chattels› i have to agree because I find it odd that only a couple families have seen a Dr. and diagnosed with respiratory issues from mustard gas.
Donnie: if there was a whole community like 500-1000 people then i'd be real concerned that this was a real attack.
BOBBY: Donnie,...... you feel its not?
Donnie: couple families? seems strange to me
Oneness: Parliamentary calls to Qatar placed under international trusteeship because of hosting a conference to .... iraqidinarchat.net/ ... Twilight News / high MP Nassif on Monday called on the government and the Foreign Ministry to call on the international community to place Qatar under international trusteeship as threatening international peace and security.
Said in a statement responded to Twilight News, he said that “Qatar openly and without any shame embraced the conference to three varieties of Daash factions are political, security and military, and this means that Qatar is today and has been scandalously violated feeds terrorism in Iraq.”
It showed that “the information contained confirm that Qatar and the money distributed directly and indirectly on the leaders and representatives of terrorist factions, and this means that they are already funded Daash, and this international criminal charge makes it worthy of strict international sanctions.”
She Nassif, “so it must Qatar placed under international trusteeship as threatening peace and security in the region and contrary to international norms and conventions, plus they interfere in the internal affairs of neighboring countries and in contravention of the Charter of the United Nations.” ara.shafaaq.com http://www.ara.shafaaq.com/
BOBBY: Donnie.... i read somewhere they took soil samples and confirmed
chattels: I do not doubt that the event occured, but the publicity is calculated for effect perhaps
BOBBY: just insane this is going on in this day and age
Donnie: ‹@BOBBY› OK... I'm not denying it happened. I just wonder why it wasn't wide spread. Like chattles said it could just be for publicity for effect
Donnie: no deaths have been reported yet
Oneness: Beijing intends to move away from the dollar in the oil trade ... ... Tuesday 08 September 2015 .... ... China intends in October next month launch its own oil price index, similar to the Khami Brent and West Texas Intermediate, in the context of the pursuit Beijing to play a more important role in oil markets. Beijing and Chinese plans to conclude contracts in yuan instead of the US dollar, thus reducing the dominance of the dollar on the prices of energy resources.
China is one of the largest oil buyer in the world, where oil consumption by about 60% dependent on imports from outside the country.
According to “Reuters” agency, citing a source that the Shanghai Stock Exchange International Energy (INE) Posted on August draft last month futures contracts for market participants, to be the first contracts that allow direct participation of foreign investors.
This is not the first step to opening up of the Chinese oil market, where Beijing has allowed in the month of July for Chinese companies for the import of crude oil, while import was previously monopolized by state-owned companies.
Chinese, will compete for future contracts in the crude market which amounts to trillions of dollars, Khami “Brent” contracts and “West Texas Intermediate” who dominate the market. Brent crude is in the United Kingdom, and West Texas Intermediate crude in the United States, two main criteria for the pricing of crude oil. alqurtasnews.com http://www.alqurtasnews.com/
BOBBY: Donnie.... not arguing with you, my apologies if it seemed like that
Donnie: ‹@BOBBY› not took as arguing... just discussion
chattels: chemicals weapons with the limited delivery capability of DAESH makes their use more " terror " than an effective military purpose
Donnie: ‹@chattels› totally agree
BOBBY: just seems odd that a bigger response was or is not in motion
Oneness: @bobby ... i say the same things about the sudan
Donnie: not to change the subject but:
Donnie: Tenth: the second reading of the draft anti-money laundering and terrorism financing law. (Finance Committee,Integrity Commission, the Commission on Security and Defence). (Article 57).
Donnie: isn't this one of the hand full of biggie laws?
Oneness: @donnie ... i heard parliament did not show up
BOBBY: 3 readings to vote through?????
Donnie: Sorry. this " second reading of the draft anti-money laundering" is on tomorrows schedule.
Donnie: i should have been more clear
Oneness: and you think they will show up tomorrow ?
Donnie: of course!!!!
Donnie: it's Wednesday.
Donnie: don't they get free lunch on Wednesdays? lol j/k
BOBBY: what happened to the attendance crack down ??????
Oneness: when no one is scared of being punished
BOBBY: Donnie..... night. thanks for the news
Oneness: or when everyone is scared of being punished
chattels: ‹@BOBBY› attendance has been good / better
chattels: relative to prior sessions
BOBBY: enough to garnish a vote?
BOBBY: Kap has a post on dinar guru regarding the deletion of zeros comment
chattels: ‹@BOBBY› I saw it, thanks
Oneness: so ... i did call pmg today ... and joined for $39
Oneness: i plan on getting 25 iraqi dinar notes graded @$15 a note ... that is bulk rate .. = $375 ... plus a few other minor fees roughly $25 more
Oneness: i figure it is worth the investment, basically trying to protect myself from the possibility of banks collapsing, and government take over of all currency whether foreign or domestic
Oneness: i figure that the iraqi dinar may, instead of being backed by oil, will instead be backed by gold
Oneness: i figure i will sell ,y graded collector notes on ebay, perhaps on ebay in a foreign country
Oneness: the only question i am looking at now is what demonation of currency to get graded 25k notes or 500 notes - the issue for me is the whole "deletion of zeros" thing
Oneness: the 25k notes are simply beautiful, i can not imagine iraq pulling them off the market .... but ... if the plan is to "delete the zeros" and go to gold
Oneness: then it is quite possible to go from 1k to one (gold coin)
Oneness: i guess if one coin is worth about 4 grams .... then you could do a 100 gram coin ... or maybe a 4 gram platinum (???) coin
Oneness: i guess i will do the 25k notes ... it is risky, but wow, they certainly are beautiful
Oneness: and i guess next pay period i will do 25 500 notes ... cover all my bases .... expensive , heck ya
Oneness: on the other hand ... $400 is pretty cheap insurance ... especially for a couple of years, heck, lifetime worth of protection
BOBBY: Oneness........ are you talking to yourself. lol
BOBBY: ut picture released by the official Syrian Arab News Agency (SANA) on December 10, 2013 shows two Russian aircrafts carrying 44 tons of humanitarian aid at the al-Basel Airport in Latakia (AFP Photo/) Washington (AFP) –
At least three Russian military transport planes have landed in Syria in recent days, US officials said Tuesday, as Washington worries about the sort of assistance Moscow is providing to Damascus. The aircraft have landed at the airport in Latakia on Syria's Mediterranean coast over the past several days, US officials told AFP on condition of anonymity.
Two of the aircraft were giant Antonov-124 Condor planes and a third was a passenger flight, one of the officials said. The Russians have installed modular housing units -- enough for "hundreds" of people -- at the airport, as well as portable air traffic control equipment, the official noted.
"All of this seems to be suggesting that Russia is planning to do some sort of forward air-operating hub out of this airfield," the official said. Washington has expressed concern following reports suggesting Moscow may be boosting military support to Syrian President Bashar al-Assad and had sent a military advance team to the war-torn country.
"Our concern would be that any effort to bolster the Assad regime right now would potentially be destabilizing," Pentagon press secretary Peter Cook said Tuesday. Syria has denied reports of increased military activity by Russian troops on its soil.
US Secretary of State John Kerry called his Russian counterpart Sergei Lavrov over the weekend to warn of the dangers of stoking a conflict which has already cost nearly 250,000 lives. Russia rejects the charge, insisting that any deliveries are in keeping with its traditional links to long-time ally Syrian President Bashar al-Assad. Bulgaria has refused permission for Russian aircraft to enter its airspace, and Greece said Tuesday that Washington had asked it to also deny Russian overflights.
Oneness: i was sorta looking for feedback ... but ... since it all speculation anyway ... who knows what the right side of the equation is
Oneness: do i do the 265k notes or the 500 notes ... ?? Oneness: 25k notes or 500 notes ?
BOBBY: for what its worth, i am partial to the 25 k notes
Oneness: yea ... me too ... subtle yet real relationship between front and back
Oneness: between law and food
BOBBY: i just figured they would be easy to transport/ secure
Oneness: for me ... about "value"
BOBBY: a friend of mine has all lower denoms, pain to store
Oneness: yes ... i can see wanting lower denoms ... easier to figure out a tax free way of disposal
BOBBY: one minute there saying there pulling the lower denoms, next there saying something different
Oneness: one minute 50k notes, then next selling bonds ... :dizzy:
Oneness: i have seen where iraq is selling gold through the cbi
Oneness: different denoms of different purity
BOBBY: i saw that, i believe it in country?
BOBBY: I saw a pic of the units, pretty impressive
Oneness: i didn;t see that
BOBBY: it was on the iqdteam web site
Oneness: never really looked over there
BOBBY: i highly recommend that site...... very reputable for there info
BOBBY: no nonsense. .... just news and facts
Oneness: could you see any type of correlation between the gold and the paper ?
Oneness: 250, 500, 1000 paper = ???? ... i wonder
BOBBY: i am still trying to figure out how the people can afford gold?
Oneness: if they revalued in country
Oneness: on the national id cards ... ??? ... then who knows
BOBBY: there lucky if they have electricity
Oneness: its a long civilization, perhaps oldest civilization, being laws (25k note) on earth
BOBBY: i read a comment that said Abadi needs to put on his big boy pants lol
Oneness: so, a decade without modern convenience is nothing really
BOBBY: i dont think this generation would survive without
Oneness: America yea ... other places still n
Oneness: know how to take siestas
BOBBY: we have definitely become slaves to technology
Oneness: yea ... we do rely heavily on "oil" for our happiness
Oneness: i do always wonder what the true value of the iraqi dinar is
BOBBY: gonna crash.... will talk to you in a few...... take care!
Oneness: ok bobby ... thanks for the chat ... take care