Yada: reading a lot of people are trying liking the RV to the bonds,,,,,,um,,,,The RV is done and making it way do us,,,,do not believe they are related,,
Maximus016: Yada, of course they are. It is all interconnected. 80% of the global bonds are either at zero or negative yields. Then there is the derivatives tsunami that can only be saved by an GCR.
Yada: Maximus,,yes that may be so but the ship has already sailed for the RV,,it is reaching our ports regardless of those circumstances…. expecting it to tie to the dock in minutes,,
Maximus016: I agree with you but therein lies the rub, I don't think we are waiting for Iraq, rather Iraq is waiting for us on the timing of various global financial events.
SassyD: yada... I love the fact that we are finally seeing, in print, what we have been hearing for some time on many subjects !!! Much has finally showed up on more major financial outlets too !!
764764: yada I can hug you for your optimism. But seriously, it has been any minute for a LONG time. I still believe it will happen though :)
Yada: 764764 I will rake the hug! Yes we have been any minute but what could of been a few steps were extended and measured. They'd make a step and see if there were any fallout. Everything is done l people above us paid. We're are the last stop before going public
SassyD: Get ready America... China is preparing to fully challenge the dollar by October -- August 5, 2016 -- http://www.roguemoney.net/stories/2016/8/5/get-ready-america-china-is-preparing-to-fully-challenge-the-dollar-by-october
ADMINBILL: I HAVE BEEN TOLD THAT THIS REMAINS A WORK IN PROGRESS. THAT THOSE DOING THE WORK ARE AS ANXIOUS AS WE ARE TO SEE IT COMPLETED SO THEY CAN MOVE ON TO THE DO THE GOOD WORKS INTENDED.
THAT WILL BE THE FRUITS OF THEIR LABOR INTO THE FUTURE. REMEMBER THAT WE ARE LUCKY TO BE A PART OF THIS EVENT.
OUR TOTAL HOLDINGS ARE SO SMALL THEY DO NOT EVEN SHOW AS A BLIP IN THE TOTAL EVENT. WE MUST ALLOW THEM TO GET IT RIGHT THE FIRST TIME. BILL
Renewel: It's all about timing, they are waiting until it's all ready to collapse and bonds fail taking down the derivatives with them and then we rehydrate the system with the new gold back money.... so when the failure happens we will be saving the system... not destroying it. IMO’
AZHombre: The world added 148 Billionaires last year: http://www.msn.com/en-us/video/tunedin/2015-added-148-new-billionaires/vi-BBvog2S?ocid=spartanntp
Amarok: Afternoon Folks! Only in for a moment, but thought I'd share a new word I learned today: Pulses It's not what you think, but instead a word integral to the Sustainable Development Goals (SDGs) of the Paris Agreement. It's another aspect of the Event we anticipate. http://www.fao.org/resources/infographics/infographics-details/en/c/414726/
Amerok: Hey folks, Here are more indications we're on the cusp of this event. On 8/8/16 Marc Faber: S&P is set to crash 50%, giving back 5 years of gains - http://www.cnbc.com/2016/08/09/marc-faber-sp-is-set-to-crash-50-giving-back-5-years-of-gains.html
Walkingstick: Iraq ... and tons of gold land and people ... but ... !!
Wednesday 10 August 2016
Away from the noise of the parliament, and an exchange of accusations between the Defense Minister Khaled al - Obeidi and MP Hanan al against the backdrop of the first interrogation, and on Monday a brief summary 08.01.2016.
, Which has become difficult to differentiate between the questioner and questioned, given the poor performance of the team.
Regardless of also for the impression prevailing during the parliamentary session, as if we live in theatmosphere of kindergarten or school rioters, as a result of the push and pull between the MP Awad al -Awadi and Hanan al condition.
as well as regardless of the reactions of the fuss - contrived as it sounds - outside parliament, which turned out to be something like a chapter clan . ,where the family of slaves, as well as Jabour Karabilah each defends his son 's bar, as a red line without death, as if we live in the era of the tribe does not state law.
but, no matter also about the possibility that appear later term (Minister of necessity). that compared with those visits shuttle to the minister convicted here and there, and the emergence of thethreat of this component or that tone, as well as fashion leaked recordings of state secrets on the discs, or deliberately confiscated taste victories over Daash and ....
say, regardless of all of the above.
if we assume for argument integrity of all parties to the political process without exception, including both ends of the interrogation above, and those around them also from the supporters and offenders.
and all the names that surfaced in the course of questioning on the lips of this and that, angelic innocent no dust on fairness.
and that all the charges mentioned do not exist on the ground, being political Tsagit nothing more .
I say, and in keeping with this ideal assumption.
there is one question imposes itself strongly on the brothers enemies poles of the political process , those, who share no doubt, the goal of presenting the interests and loyalties and affiliations narrow party on theone hand, and the lack of respect for the principles and belonging to the homeland and the people on theone hand Other. this is the question that:
what is your interpretation of the report below, about corruption in Alarac.aaidat Iraq's oil exports since 2004 to 2014 is enough to paint the area of Iraq gold!
August 6, 2016
WikiLeaks Iraq - Iraq 's exports of oil revenues since 2004 to 2014 is enough to paint Iraq , an area of gold!
Swiss oil Association said, the biggest institute of oil specializes in studies of oil and research in thecountry, that the value of Iraqi oil exports , starting from the first quarter of 2004 and up to 12 months of 2014 , equal to the value of a pure 24 - carat gold coated with the total area of Iraq and a thickness of 2 cm along each area completely , namely: 437,072 sq km land area: 432,162 sq km water: 4,910 sq km.
over WikiLeaks report.
Fine this money went Ya see, when he claims to all summit integrity and blue - chip pedigree and honor? !!. .. the answer, of course , entrusted to each green whales involved in the files of corruption in Iraq after the fall ofSaddam 's idol in 2003 , and to this day and , without exception, and most of them !! ...
Don961: Good evening WS ... thank you It's such a travesty and a waste of human lives and human potential !!! .... for the people of Iraq having to endure untold and unnecessary suffering ... for so long !!! .....to fill the pockets and the bellies of very few extremely greedy and corrupt and beyond selfish individuals entrusted to help them !!!! ... it's betrayal ..... and inhumanity at it's lowest .... because of all the countless lives affected ... and opportunities for good and for healing that have been lost !! ...IMO
ReddStarr : One Step Closer to........!
Jim Rickards’ fellow panelists chuckled and guffawed when he talked about special drawing rights (SDRs) at a 2012 conference at the Milken Institute. They’re not laughing now…
“IMF and China Accelerate Creation of New Global Reserve Currency,” blared a recent headline from The Epoch Times.
China has long fussed that the SDR should replace the U.S. dollar as the world’s reserve currency.
And this month, it could become one step closer to reality…
For the uninitiated: The SDR is a sort of “super money,” or global reserve currency, issued by the IMF to circulate among central banks. It’s a basket of currencies comprising the dollar, euro, yen, pound and, as of last November, the Chinese renminbi (yuan). The renminbi won’t formally be included in the basket until Oct. 1 of this year. But SDRs are hardly new…
The IMF has issued SDRs on three separate occasions since their creation over 40 years ago. Each responded to a dollar crisis…
The first was after 1969. The U.S. was printing dollars by the bushel to finance the guns and butter for Vietnam and the Great Society. Foreign governments could still exchange dollars for gold in those days — and they did. They depleted the U.S. gold vaults. The IMF created the SDR in response, issuing over 9 billion SDRs through 1972.
In 1979, U.S. inflation soared past 14%. Oil-producing countries were alarmed that inflation was destroying the value of their dollar reserves. The IMF issued 12 billion SDRs through 1981.
The IMF then issued 182 billion SDRs during August and September of 2009, in response to the Panic of 2008.
And it’s fixin’ for an even greater role
In 2011, the IMF released one of those obscure reports read only by a few eggheads read:Enhancing International Monetary Stability — A Role for the SDR? Its vision, according to Jim:
A multiyear, multistep plan to position the SDR as the leading global reserve asset. The study recommends increasing the SDR supply to make them liquid and more attractive to potential private-sector market participants… The IMF study recommends that the SDR bond market replicate the infrastructure of the U.S. Treasury market.
“If there were political willingness to do so,” the report states, SDRs “could constitute an embryo of global currency.”
Jim Rickards said that conclusion is “highly significant, because it is the first time the IMF has publicly moved beyond the idea of the SDR as a liquidity supplement and presented it as a leading form of world money… The IMF is poised to realize its one-world, one-bank, one-currency vision exercise its intended role as the central bank of the world.”
Now back to China…
The Nikkei Asian Review claims (as reported in Epoch Times) the total issue “will be between $300 and $800 million and some Japanese banks are interested in taking up a stake. According to Nikkei, some other Chinese banks are also planning to issue SDR bonds.”
This would be only the second platform of its type in the world. (The only current SDR trading platform is inside the IMF itself.)
A small step, really. And it’s not clear if a market for these issues will fully develop. But as the classic Confucian Tao Te Ching has it, a journey of 1,000 miles must begin with a single step…
G-20 finance ministers met in Chengdu, China, late last month. And they support China’s SDR issue:
“We support examination of the broader use of the SDR… and the potential issuance of SDR-denominated bonds, as a way to enhance resilience [of the financial system].”
Why should China defer to the IMF? It’s important to note that China doesn’t want to replace the dollar with the yuan, according to Jim Rickards. It just wants a “seat at the table.” And SDRs would give them that seat:
“The most important thing for you to understand is that China does not want to rock the boat — they want to join the club. This means the IMF’s special club of SDR members. The future world reserve currency is not the dollar or the yuan. It’s the SDR.”
Jim says you won’t hear much about SDRs until the next great financial crisis. The Fed used up all its powder to fight the last one. It’s all gone. Next time, it’ll be the IMF and its SDRs to the rescue:
Since Federal Reserve resources were barely able to prevent complete collapse in 2008, it should be expected that an even larger collapse will overwhelm the Fed’s balance sheet… The logic leads quickly from one world to one bank to one currency for the planet… The task of re-liquefying the world will fall to the IMF because the IMF will have the only clean balance sheet left among official institutions. The IMF will rise to the occasion with a towering issuance of SDRs, and this monetary operation will effectively end the dollar’s role as the leading reserve currency.
SDRs would be inflationary because the dollar would be devalued against them. Private citizens wouldn’t be able to own SDRs, so they wouldn’t make the connection. Jim again:
The genius of the scheme is that the SDRs would create inflation… but ordinary people wouldn’t know SDRs were causing it. Any inflation caused by massive SDR issuance would not be immediately apparent to citizens. The inflation would show up eventually at the gas pump or the grocery, but national central banks could deny responsibility with ease and point a finger at the IMF.
And so ends the dollar standard — not with a bang, but a whimper. And a truckload of inflation.
According to the South China Morning Post, “Mainland media group Caixin reported that the World Bank planned to issue bonds denominated in special drawing rights in China as early as the end of this month. It said policy bank China Development Bank was also planning an SDR bond issue.”