Thanks My Ladies for letting us share from your private chatroom:
Highlights from MY Ladies and Nova Conference Call tonight:
HERE ARE NOTES FROM MIKE (MVL)
>>> IN REGARD TO IRAQ, WE ARE DEALING WITH SOME OF THE LAST PUZZLE PIECES
>>> LET THE CURRENT CHANGES PLAY OUT
>>> IRAQ IS READY TO SELL RETAIL BONDS...KEEP WATCHING THIS PROCESS...THIS MAY START AUGUST 2ND
>>> IF THIS HAPPENS IN IRAQ ONLY, THEN NO INTERNATIONAL RATE IS REQUIRED.
>>> WE ARE NOT SURE JUST YET WHERE THEIR CURRENCY COMES INTO PLAY DURING THIS PROCESS
>>> SOONER THAN LATER, THEIR STATE BANKS NEED TO COME ONLINE WITH THE SWIFT SYSTEM, LIKE THEIR PRIVATE BANKS ALREADY ARE
>>> MARY SPEAKS WITH VIENNA EVERY NIGHT, TO GO OVER IRAQI NEWS FOR THE MOST ACCURATE TRANSLATIONS
>>> IRAQ CANNOT USE THE DOLLAR FOR THE UPCOMING BOND SALE, BUT WILL PAY THE BONDS BACK USING DOLLARS
>>> WE DO NOT WANT TO BUY THESE BONDS.
>>> THE BRICS BANK START ON JULY 30TH IS A BIG DEAL
>>> YUAN WILL BE SUPPORTED BY THE DOLLAR, A 6-1 RATIO, SO ONE DOLLAR GETS LOANED OUT SIX TIMES, EACH TIME WITH INTEREST
>>> CREATING A DEMAND WILL EQUAL VALUE
>>> WE MAY SEE A 1095 RATE FOR THE IQD ON THE FOREX THIS COMING SUNDAY NIGHT, MONDAY MORNING VIA THE CBI WEBSITE
>>> DON'T DO ANYTHING...DON'T FREAK OUT...JUST WATCH IT TAKE ITS FIRST INTERNATIONAL STEPS
>>> PEOPLE ARE FALLING FOR DEALERS BUYING BACK DINAR RIGHT NOW AT ROUGHLY $600 PER MILLION
>>> THE SANDBOX IS A LOT FURTHER ALONG THAN WHAT WE KNEW OR SUSPECTED
>>> IRAN WILL BE AN ANCHOR FOR ECONOMICS AND STABILITY FOR THIS REGION, IT WILL BE A PIVOTAL COMPETITOR
>>> THEY NEED THEIR CURRENCY TO WORK SOON FOR THIS TO BECOME A REALITY
>>> THE PROCESS IS UNDERWAY NOW
>>> ANY COMPANY OR COUNTRY NOT INVOLVED WITH THE SILK ROAD PROCESS WILL GET RUN OVER AND LEFT BEHIND
>>> IQD AT THE START 1095, BUT IT WON'T STAY THERE...IT CAN'T
>>> MARY IS EXCITED TO SEE SOMETHING MOVING, NEVERMIND THE INITIAL RATE...THIS WILL CHANGE...
>>> KUWAIT NEVER REVALUED. THIS IS A MYTH. THEIR CURRENCY WAS FROZEN WHEN IRAQ WAS INVADED. WHEN IRAQ LEFT, THEY FLIPPED THE SWITCH BACK ON
>>> THE SAME THING IS LIKELY HERE...WE WILL JUST SEE THE INVESTMENT CRACK WITHOUT WARNING...
>> WE COULD SEE MORE PROGRESS WITH THE IQD RATE BETWEEN THE 2 BILLION BOND SALE, WHICH STARTS AUGUST 2ND, AND THE 3 BILLION BOND SALE, A MONTH LATER.
>> WE MAY NEED TO SEE A RATE FIRST, THEN DELETE THE ZEROES
>> THE DELETE THE ZEROES THING, PART OF THE TWO-PART PROCESS, COULD HAPPEN AT ANY TIME.
> YOU CANNOT COME OUT OF YOUR DRIVEWAY DOING THE SPEED LIMIT. YOU HAVE TO START SLOW, SEE HOW IT GOES, THEN YOU CAN THROTTLE UP.
Dale: they can’t stay at 1095 for long…their economy needs a viable currency
1166 is a program rate, 1095 is an exchange rate that they can now do something with
you can’t delete 3 zero’s from a program rate, because there is no math behind it.
need a currency first…so 1095 gives them a currency
MY LADIES: ABSOLUTELY DALE!!
In other news earlier today:
Bandito Rox: Global financial institutions slowed Iraq two months to pass anti-money laundering and terrorism financing law
By Mohammed Emad one forty-nine 7/27/2015 | Brother - Baghdad
He said the economic and investment commission parliamentary member Ahmed Kanani that the World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law.
Kanani warned in a press release received today for News Agency (et) a copy of "the consequences of the delay in the approval of the House of Representatives anti-money laundering and terrorism financing law, who said he did not receive attention of the Presidency of Parliament.
Kanani said that "the parliament has not yet paid the required importance to this vital law, which depends upon the continuation of economically connect Iraq with the outer perimeter and the focus of the Chamber of Deputies on the minor issues."
He added that "Iraq would be included in the black list countries in handling the financial and economic transformation not unlike the enactment of this law, the measure would eliminate the purchasing power of the Iraqi dinar and put the Iraqi Central Bank in an awkward predicament makes him isolated from the world organization."
And between Kanani said that "the deadline only two months left them almost on the head of the House of Representatives that the law be included on the agenda for the nearest session, but will be responsible for the punitive economic measures to be taken by the world against Iraq."
Sager: Until October eh? Hmmmmm
IQD NOVA: JUST REMEMBER THAT THE NEW MECHANISM NEEDS TO BE TURNED ON BEFORE THIS LAW CAN BE OF ANY USE!
Sager: Thank you Nova. Another interesting point about the anti- money laundering law article is that The World Bank and other international financial institutions GAVE Iraq until October to adopt that law. In other words, Iraq is not controlling the time frame of when to reprice. They are not in control of this part. Also, it tells us that October is significant for global financial institutions for some reason. Seems like this the new system "talking"!
PrincessDD: 800 entities to be removed from sanctions list in 1st stage
TEHRAN - An Iranian deputy foreign minister said embargoes on 800 Iranian individuals and financial institutions will be lifted in the first stage of easing sanctions on Iran.
The relief will address economic and financial entities, but not those which are in connection with arms and missile programs, Abbas Araqchi told Tasnim News Agency on Monday.
Sanctions served their intended purpose: resolving the Iran nuclear issue
PrincessDD: China and Iran's New Love Affair? http://nationalinterest.org/feature/china-irans-new-love-affair-13434
Will Iranian Americans Get Sanctions Relief? http://www.niacouncil.org/will-iranian-americans-get-sanctions-relief/
PrincessDD: Why this China stock market plunge could be different
"The real worry is that this undermines Chinese people's confidence in the real economy and the government's ability to make policy," says an analyst. https://www.cnbc.com/2015/07/27/why-this-china-stock-market-plunge-could-be-different.html
PrincessDD: Dow sheds 128, oil slips under $48 after China plunge http://www.usatoday.com/story/money/markets/2015/07/27/stocks-monday/30723365/
Princess DD: Plunge in Chinese shares helps send global markets lower https://www.washingtonpost.com/business/asian-stocks-lower-as-investors-wary-of-china-fed-meeting/2015/07/26/ef340534-340f-11e5-b835-61ddaa99c73e_story.html
The Great 'Fall' Of China http://www.forbes.com/sites/investor/2015/07/27/the-great-fall-of-china/
China to allow yuan to trade in a wider range vs dollar
Princess DD: With China Banks Pinched by Bailouts, PBOC Turns to State Allies http://www.bloomberg.com/news/articles/2015-07-27/with-china-banks-pinched-by-bailouts-pboc-turns-to-state-allies
PrincessDD: IMF Sees Troubles for Eurozone Beyond Greek Crisis
Threat of contagion from Greece has eased since the early years of eurozone’s debt crisis http://www.wsj.com/articles/imf-sees-troubles-for-eurozone-beyond-greek-crisis-1438005605
PrincessDD; Eurozone outlook improves, International Monetary Fund says http://www.bbc.com/news/business-33669031
My Ladies: IMF MUST BE USING A SEEING EYE DOG!!!!
PrincessDD: Greece news live explosive: Varoufakis parallel currency plot prompts official investigation http://www.telegraph.co.uk/finance/economics/11764792/Greece-news-live-explosive-Varoufakis-parallel-currency-plot-prompts-official-investigation.html
PrincessDD; IMF says ECB should complete QE program; Greece still risk to Eurozone economy https://www.fxstreet.com/news/forex-news/article.aspx?storyid=5d033af3-4bc9-462d-abf7-f340a46e75fe
PrincessDD: IMF warns of gloomy eurozone outlook
Princess DD: IMF urges ECB to use firepower aggressively http://www.ft.com/intl/cms/s/0/cc6ed872-3445-11e5-bdbb-35e55cbae175.html#axzz3h8WT0LeA
PrincessDD: China losing control as stocks crash despite emergency measures http://www.telegraph.co.uk/finance/china-business/11766449/China-losing-control-as-stocks-crash-despite-emergency-measures.html
PrincessDD: China’s Yuan Pushes Deeper Into Global Financial System
The currency, otherwise known as renminbi, is the world’s fifth most used for international payments http://www.wsj.com/articles/chinas-yuan-pushes-deeper-into-global-financial-system-1438038445
PrincessDD: Iran Set to Receive Massive Relief From SWIFT Sanctions http://www.algemeiner.com/2015/07/27/iran-set-to-receive-massive-relief-from-swift-sanctions/#
Will the Iran Deal Help the Iran-Pakistan Pipeline Project?
Iranian sanctions relief could mean the completion of the Iran-Pakistan pipeline project is more likely. http://thediplomat.com/2015/07/will-the-iran-deal-help-the-iran-pakistan-pipeline-project/
Princess DD: Iran: “The economic sanctions must be lifted as completely and rapidly as possible” https://www.fidh.org/International-Federation-for-Human-Rights/asia/iran/iran-the-economic-sanctions-must-be-lifted-as-completely-and-rapidly
Iran Deal Worth More than All U.S. Aid to Israel Since 1948 http://www.breitbart.com/big-government/2015/07/27/iran-deal-worth-more-than-all-u-s-aid-to-israel-since-1948/
Iran sets $185 billion oil, gas project target http://petroglobalnews.com/2015/07/iran-sets-185-billion-oil-gas-project-target/
Negotiations Between Iran and the U.S. Have Now Begun
PrincessDD: Zimbabwe: The Brics Bank - Is It a Game-Changer?
PrincessDD: It’s Time to Reboot Our Relationship With Russia and Iran’s Neighbors http://www.newsweek.com/its-time-reboot-our-relationship-russia-and-irans-neighbors-357498
MY LADIES: NOVA LOOKEY HERE!!!
THE YUAN MAKES IT TO THE LONDON METAL EXCHANGE AND TAKES ITS PLACE AS THE OFFICIAL 5TH CURRENCY…NOW DOES THAT SOUND FAMILIAR??
China’s Yuan Pushes Deeper Into Global Financial System
The currency, otherwise known as renminbi, is the world’s fifth most used for international payments
China’s domestic stock market may be in turmoil but the country’s currency, known as the yuan or renminbi, is making a seemingly relentless push deeper into the global financial system.
The latest step: the London Metal Exchange, the world’s largest venue for trading metals where $15 trillion of metals was traded last year, is set to accept yuan as collateral for banks and brokers that trade on its platform. The Chinese currency joins the U.S. dollar, the euro, the British pound and Japan’s yen, which are all currently permissible as collateral on the LME’s platform.