Fuze: i don't know who Dr. Clarke is, but that piece he sent in IMHO was one of the best over all intel and perspectives ive read in Dinarland..
CovanantBrige: yes but wasn't Dr. Clark stating that this won't go until Mosul is liberated? And was it his report that said they weren't going to start fighting until Oct and will be finished by the end of the year? Did I read that wrong? So isn't he going from the last week of Sept to now end of the year? whereas several other intel experts have told us Mosul is already liberated.
Fuze: No covenant, hes saying September, he was just referencing what the articles arw saying ans what they want us to believe…… Covenant Clarke really did say in Jan 2016, that September 2016 was the time he was looking for this to pop and although a lot of the media points to 2017, hes still Sept 2016..interesting..
Fuze: Covenant once we passed April I too started looking at Sept for several reasons, one reasin is that the IMF for whatever reasons have traditionally used those months for big monetary policy changes..
R2d2: Guys I know for a fact this is real. I have people very close to me that have exchanged and signed NDA's. Like DC said some time ago, how does someone that makes 50k a year suddenly afford a 700k house and 100k new car.
SassyD: Bottom line....... we will ALL know within a VERY SHORT time frame when this baby pops..... no matter what or how many sites you read or listen too !!! That is a FACT you can take to the bank !!!
Tishwash: CBI Has Ten-Point Plan to Overhaul Banking Sector (IRAN)
The action plan of the Central Bank of Iran regarding the implementation of the Banking Overhaul Plan is premised on 10 key factors, said the vice-governor of the bank.
"CBI action plan is based on 10 major elements, namely active management of the interbank market, reinforcement of bank credits, balancing the reserve ratio of commercial banks, rating banks and close supervision of beleaguered lenders, utilizing open-market tools in implementing monetary policies, disciplining the money market by regulating the unlicensed credit institutions, increasing capital of private banks, reducing bad debts, merging, reforming, rebuilding and dissolving banks and credit institutions and improving oversight of the banking industry," Akbar Komijani said in an interview with the weekly Tejarat Farda, a sister publication of the Financial Tribune.
The CBI deputy governor also singled out some characteristics of the blueprint, touting them as points constituting the pillars of the reform plan.
He described these as "moving past official decrees in policy-setting, rethinking the scope of monetary policy, changing the supervisory approach, disciplining the money market and removing banks' distressed assets."
Doing Away With Decrees
During the past few years, one of the main irritants of the money market has been official decrees. This, Komijani says, was occasionally put aside by the CBI , including when bank interest rates were lowered by the lenders themselves.
The CBI wants to move past direct intervention in its regulatory methods and at the same time prevent the ineffective allocation of credits and non-competitiveness of banks by employing indirect instruments in tandem with market mechanisms.
Rethinking Monetary Policy
While statistics show that the inflation rate is in single digits, recession still looms large. The senior official pointed to the measures undertaken by the CBI to spur economic growth, namely "balancing the bank reserves ratio of commercial banks, allocating loans to automakers and producers of intermediary goods and launching credit cards by the banks to promote domestic products".
Komijani admits that these efforts prompted a five percentage point surge in money supply, which according to latest data recorded a 29.7% growth in the third month of the fiscal year to June 20.
Changing Supervisory Approach
Elaborating on the supervisory policy of the CBI, Komijani said "reviewing and refining infrastructure and processes, improving the system of financial statements of banks, administrative regulations, employing information technology tools and using punitive and hortative measures in line with the Banking Overhaul Plan" are crucial necessities.
Disciplining the Money Market
To improve monetary discipline and the transparency of statistics, to expand supervision over banks and credit institutions and to regularize uncertified credit institutions, the CBI has been actively at work, he said.
"The CBI's efforts include adding data from six banks and four institutions to the list of monetary and credit statistics (by certifying them) in 2013 and 2014 and the amendment of the general plan to reorganize the unofficial money market (Directive 618 of the High Council of National Security) in four steps, namely identifying the unregistered monetary institutions, finalizing the status of companies applying for license, preventing the operations of institutions that lack CBI permit and prosecuting them."
The CBI official says the NPLs have emerged as a result of a number of factors in and outside the banking system. To address this pressing issue, the 'alleviation of NPLs in the banks' action plan has been included as part of the Banking Overhaul Plan.
He referred to the two plans for creating rating agencies in the banks' and customer assessment units within banks" and 'following up on the formation of an asset management firm' as the two final phases of the process.
The first phase of the reform plan began in 2016 and will continue until next year, he said. "In the current phase, a package to resolve the dilemma of sour assets has been planned.
"By the end of the second phase, the ultimate goal of foundational and institutional reforms in the banking system will come into effect," he said. LINK
Blinkster: it seems the IMF is doing some preliminary 'guidance' publicly before the CBI sounds off in a few days...how about dat! TA-DA!!!!
Frank26: TA DA FRAGALICKING GOOD LOL
Forty reasons why China is pivotal in the Financial Reset (Part 2)
Link to Part 1:
In part two, we assess why China is pivotal in the financial reset and present some of the Chinese initiatives which are bringing about an acceleration towards the new paradigm and the global financial reset. This is by no means an exhaustive list but it provides some insight into the pace and breadth of changes which are all critical components in piecing together what is going on at this time. In part three we will look at Russia’s role and the breathtaking changes that have happened in the last two months.
1. In just three decades China’s economy has moved towards business innovation
2. The capital outflow from China was and is about acquiring assets
3. China is successfully rotating its economy e.g. revision of its economic strategy to cut the dependency on cheap labour and foreign investment to build factories in China. The new model is focussing on the domestic market and its growth potential
4.Chinese continues to dump US treasuries which are being hidden
5.Chinese investment in the UK, e.g. Birmingham and Sheffield and is in discussions to create a free trade zone
6. Renminbi Hubs in Australia, Canada, France, Germany, Hong Kong, Japan, London, Luxembourg, Malaysia, Russia, Singapore, South Korea, Switzerland and Taiwan
7.Creation and expansion of the Shanghai Free Trade Zone
8. China’s central bank continues to expand its pilot scheme for Cross Border Financing
9.Expansion in the Shanghai Gold Exchange as it seeks to become the major global gold trading centre
10.. China’s green bond initiative is expanding. Green bonds are fixed financial instruments issued by governments, multi-national banks or corporations to raise money for an environmental purposes. In the first six months of 2016, green bonds totalling 75 billion yuan were issued.
11. China’s expansion of issuing offshore yuan denominated bonds
12.The value of Panda Bonds issued in the first half of 2016 is 29 billion yuan which is more than double than that issued in the whole of 2015. Panda bonds are Chinese yuan-denominated bonds from a non-Chinese issuer and sold in China
13. China launched its yuan denominated gold price fix in April. In its first month the trading volume was 105.91 metric tons of gold kilo bars, corresponding to a turnover of 27.94 billion Yuan and an average daily trading volume of 4.81 metric tons. 5% of the gold traded was physically settled
14. China’s first refrigerated-container train recently left for Moscow from northeast China’s Dalian, marking the opening of a new transport link between the two countries
15.China successfully launched the first satellite for mobile telecommunication. The Tiantong-01 satellite was launched at southwestern China’s Xichang Satellite Launch Centre, with the Long March-3B carrier rocket.
16. China’s COSCO Shipping group completed the acquisition of a 51 percent stake in the Greek port of Piraeus, becoming the controlling shareholder
17. The Bulgarian government is seeking to strengthen agricultural cooperation with China
18. Xi Jinping delivered a speech in which he called for a military union with Russia that would render NATO powerless and put an end to the imperialist desires of the West: “The world is on the verge of radical change,” said Jinping. “We see how the European Union is gradually collapsing, as is the US economy. It is all over for the new world order”
19. Juan Procaccini, president of the Argentina Agency for International Investment and Trade (AAICI), hopes that China will become a strategic partner, with its technological capacity, its experience and financing
20.The IMF has indicated that the Chinese economy is expected to grow 6.6 per cent this year, with the inflation rate rising to 2 per cent, “We have a positive view of China’s growth outlook as China continues to mobilize its very considerable resources and catches up with higher-income economies”
21. Nearly 20 Russian companies are planning to place bonds in the Chinese stock market via the China Chengxin credit rating agency. According to the chairman of the agency, Yan Yan, among the Russian companies interested in placing bonds in China are government institutions, financial institutions and industrial companies
22.China has pledged to provide humanitarian assistance to the Syrian people as well as military support for the Syrian government troops in their fight to restore order
23. China Overseas Development Association’s Russian Center (CODARC) plans to open 300 stores for the sale of Russian products in China
24.Russia, Mongolia and China have inaugurated a new route for the passage of freight transit vehicles from the port of the Chinese city of Tianjin through the Mongolian capital of Ulan Bator to the main city of the Russian Republic of Buryatia, Ulan-Ude
25. Syngenta takeover by ChemChina has been given the go-ahead by a US regulator. The $43bn (£33bn) deal is set to be the biggest ever foreign takeover by a Chinese company. Clearance was granted by the Committee on Foreign Investment in the United States (CFIUS) which checks deals for national security implications
26. China has a growing foothold in the UK’s North Sea oil fields
27. The Chinese military base in Djibouti is set to be completed by next year, China has repeatedly expressed that it has no intention of following the US’s example in expanding its global military influence and projecting power over other countries
28. China and the US are still in frequent discussion about a bilateral trade pact, despite ongoing political and economic challenges Last year, the US trade deficit with China was $336.2 billion
29. Chinese authorities on Sunday launched a freight train route from country’s southern city of Guangzhou to Russia’s central Kaluga Region, to travel some 7,150 miles to reach the logistics centre in the Vorsino industrial park located near Kaluga
30. China’s President Xi Jinping believes the G20 summit in Hangzhou will create a new economic growth momentum. “This summit provided solutions that address reasons and causes of the economic problems and help to achieve sustainable and balanced inclusive global growth,” Xi said
31. Russia’s energy giant Gazprom and the China National Petroleum Corporation (CNPC) signed an engineering, procurement and construction contract to construct a crossing of the Power of Siberia pipeline under the river of Amur
32. China and India plan to contribute more significantly to the expansion of the world growth, China’s President Xi Jinping said, Xi held a meeting with Indian Prime Minister Narendra Modi on the sidelines of the G20 summit
33. Canada strives to strengthen commercial ties with China, focusing on opportunities for small and medium-sized Canadian enterprises, Canadian Prime Minister Justin Trudeau said following an official visit to Shanghai
34. Silver Inventories at the Shanghai Futures Exchange (SHFE) have risen sharply during the first half of 2016 and China has abolished its ban on imports of silver concentrate ore and its refined concentrates
35. At the Association of Southeast Asian Nations (ASEAN) meeting, China and the other participating countries focused on the “big picture” of their cooperation on both economic growth and political security
36. Chinese president Xi Jinping met Russian Federation Council Chair Valentina Matviyenko in Beijing. Her visit aims to promote further cooperation between the Russian Federation Council and China’s National People’s Congress
37. A Chinese academy for arbitration law proposed to set up a global arbitration research alliance to strengthen exchange in this field. This initiative has been supported by nine arbitration organizations from such countries as the U.K., Japan and Singapore
38. Chinese rail giant CRRC Corp. announced the launch of operations of its first joint venture plant in India in August
39. Beijing concerns at what it sees as growing anti-China protectionism, in the west, is forcing their hand to make geopolitical and economic manoeuvres, accelerating the implementation of the new paradigm
40. A Chinese firm has reportedly developed and tested a radar system that uses quantum entanglement to beat the stealth technology of modern military craft, state media said