EXOGEN December 14, 2014 at 10:03am
HERE IS THE EXCHANGE RATE LANGUAGE HIDING IN FRONT OF YOU
Office: Abadi will discuss three important files in the UAE Posted by BaNDiTo.RoX on December 14, 2014 at 8:56am
Agency eighth dayDecember 14, 2014, 15:40 BAGHDAD - ((eighth day))
Sabri Saad spokesman said the office of Prime Minister Haider al-Abadi, said the prime minister will discuss on Monday 3 important files with UAE officials during his official visit by a one-day.
The newborn, that "the files to be discussed by Abadi are bilateral relations and promote trade and economic exchange mechanisms, and the role of the UAE in the revitalization of the investment environment in Iraq during the next phase, as well as the role of the United Arab Emirates through its participation in the international coalition and the commitments made at the Brussels meeting earlier this month, The foreign minister's visit to Baghdad and support the Iraqi government in the field of counter-terrorism. "
He newborn that "Abadi discuss with UAE officials dry up the sources of terrorism intellectually, recruitment and organization of the elements of terror, and the United Arab Emirates qualified to manage this file follow through some of the associations and organizations that support terrorism and have the potential to besiege this thought in the region."
Abadi, a spokesman said that "The third file and important Abadi be discussed tomorrow in the role of the United Arab Emirates Arab Emirates to create an international fund for the reconstruction of the cities destroyed by the elements of al Daash through physical potential and high, which will contribute to the success of the project."
EXOGEN December 14, 2014 at 10:06am economic exchange mechanisms
EXOGEN December 14, 2014 at 9:50am
Resumption of trade and economic movement in the region after Baghdad and Erbil Agreement
Posted by BaNDiTo.RoX on December 14, 2014 at 9:41am
Erbil, December 14 (PNA) - opened Erbil International Fair tenth in December / December 9, with the participation of 250 companies from 16 countries, according to an interview with officials and analysts commercial and economists, the show was a big challenge for the Kurdistan Regional Government, to rebuild trust between the Kurdistan Region and foreign investors and begin commercial exchanges, and proved the importance of the Kurdistan Region site in this political and security conditions experienced by.
Subsequent to the financial crisis imposed by the former Iraqi government to the Kurdistan Region, as well as because of the organization of the Kurdistan Region Daash threats, which led to the idle commercial and economic activity, and has seen a number of sectors stopped working for these reasons.
In a press statement about the importance of the opening of the Erbil International Fair tenth at this sensitive time, explained Salem Sardar Minister of Trade and Industry in the Kurdistan Regional Government; "despite the fact that the participation of countries and companies in the Med Erbil International this year not be like the past years, but the opening of the exhibition alone evidence that the Kurdistan Region did not stop for prosperity and economic and commercial activity, and that the security situation of the Kurdistan Region is very suitable for commercial affairs. "
R.V. / GCR December 14, 2014 at 10:19am
US Dollar Rejected - Prepare Your Family || Jim Willie
Published on Dec 4, 2014 By Vage Pudor
ECONOMIC COLLAPSE US Dollar REJECTED Are You Prepared
EXOGEN December 14, 2014 at 7:51am
NY regulator probing Barclays and Deutsche over forex algorithms
Gina Chon in Washington and Martin Arnold in London
New York’s top banking regulator is investigating whether Barclays and Deutsche Bank used algorithms to manipulate foreign exchange rates, which could increase the penalties they face, a person familiar with the probe said.
The state’s Department of Financial Services is reviewing whether the use of computer algorithms in bank currency trading platforms suggests a systemic problem at the lenders, as opposed to wrongdoing by several rogue traders, the person said.
If the algorithms are seen as a bank-wide issue, DFS could seek to impose bigger penalties, the person added. The probe into the possible use of algorithms is one of the reasons why DFS, led by Benjamin Lawsky, declined to participate in a broad forex settlement with banks.
In November, UBS, Citigroup, JPMorgan Chase, HSBC, Royal Bank of Scotland and Bank of America were fined more than $4bn for their role in a forex rate-rigging scandal.
The UK’s Financial Conduct Authority and the US’s Commodity Futures Trading Commission were part of that settlement. But the US Department of Justice and DFS did not participate and their investigations are ongoing.
The DOJ’s probe includes the six banks that were part of the broad settlement, and the investigation is expected to result in large penalties and criminal findings. DFS is investigating about a dozen banks in its forex probe.
Deutsche said it had “received requests for information from regulatory authorities that are investigating trading in the foreign exchange market. The bank is co-operating with those investigations, and will take disciplinary action with regards to individuals if merited.”
Barclays declined to comment. The UK bank dropped out of the wider settlement reached in November at the last minute when it learnt DFS would not participate in that agreement.
It is unclear whether other regulators are aware of the algorithms. They were discovered through DFS’s bank monitoring system that it has set up at Barclays and Deutsche, the person familiar with the probe said.
The algorithms are part of Barclays’s BARX trading platform and Deutsche’s Autobahn system, which allow clients of the banks to trade currencies, the person said. It is unclear whether there is a connection between the two trading platforms.
Earlier this year, Mr Lawsky pushed to install monitors at the banks as part of the forex manipulation investigation. His office also has a monitor at BNP Paribas, the French bank that was handed a $9bn penalty and pleaded guilty to US sanctions violations in July.
In August, DFS imposed a $300m fine on Standard Chartered for failing to correct problems with its anti-money laundering compliance programme, which was discovered by a DFS monitor. The bank had reached a settlement with regulators in 2012 for anti-money laundering violations. LINK
From Recaps Comment Section:
R.V. / GCR December 14, 2014 at 10:42am Brazil is part of the Brics nations and their economy is 100% free of oil. Their civil transport runs on sugarcane ethanol and have done so for the past 30 years. Brazil has no concern on the worlds oil rally as they export fuel ethanol from sugar cane as well.
Brazil has been instrumental in funding the BRICS recent World Bank to the tune of $100 billion and are on the works in establishing their own IMF.
One can easily google these facts. The BRICS as of late have established economic and currency trade agreements bypassing the FIAT USD. The BRICS Nations are now a force to contend with globally.
Saw this as a comment to backdocs post…… its informative
Jim Beam Read Backdoc post and you will understand a lot of what's going on right now. http://www.dinarrecaps.com/our-blog/backdoc-late-saturday-night-post-emailed-to-recaps-the-launch-plan
OilRat > Jim Beam Probably one of the most accurate posts I've read in a longtime.....no one is circumventing the U.S. in the short term.....the U.S. needs this RV just as bad as the rest of the world, but it will be under their terms.....those terms (market manipulation, aka OIL) are there as we speak.....the U.S. has put the world on notice that the USD is not going anywhere, anytime soon!!!!
Expect the RV/GCR between now and Jan 1, 2015. JMO
Dr. Mark > Great Article ....well thought out by Backdoc and strategy in both blog sites seem to be consistent with regards to timing and detail. I am in full agreement, I believe this is going to occur soon, if not earlier. US Budget approved...Tuesday morning (our Monday night) Parliament should approve the Iraqi budget!
Jim Beam December 14, 2014 at 11:28am If you are planning on having a successful bank account after this RV here in the US it depends on the US being successful in there plan blood money or no blood money. How can you help anyone if your bank account after the RV still sucks.
WILDDUCK > Jim Beam December 14, 2014 at 11:40am PLEASE UNDERSTAND WHAT IT MEANS TO BE BASIL III COMPLIANT. YOUR MONEY IS SAFER NOW THEN IT HAS BEEN IN 50 YEARS,
Linnea December 14, 2014 at 12:06pm I have been wondering about the role of the republic. If the "US", meaning the cabal, the bankers, and the politicians, corporate government is now defunct, wouldn't any treaties signed by them be null and void? And the IMF? The corporate gov't held the majority voting rights in the IMF, so wouldn't that also be negated? Yesterday PT said he has been keeping his eye on the republic developments more than the GCR....could this be why?
Not rhetorical questions, I would love if someone could answer these queries. Thanks.
Dan C > Linnea December 14, 2014 at 12:16pm Linnea, the answer to your question from my understanding is: Yes. All of these agreements will be null and void. The only question at this point is the timing of the announcements that inform people of these facts. There is a plan being initiated that is carrying this process through, but the plan is somewhat fluid.
Aloha Leslie > Linnea December 14, 2014 at 12:13pm Personally, Linnea, I don't think much has changed thus far in Washington. I'm not sure what exactly will change the "status quo" other than a massive shift in consciousness, an outright uprising, or both.
Sandyf: The financial housekeeping that takes place at year end makes it the most appropriate time for significant change.
Most people think that reconciliation means marital discontent.
[.MikeH] 12-14-2014 OOTW :bTHE GAZETTE'S BEEN DOWN FOR WEEKS SO I CAN'T RESEARCH BUT WE DO KNOW THAT TRADE AGREEMENTS WITH KUWAIT, ARMENIA AND JORDAN HAVE BEEN PASSED INTO LAW...AND COMBINED WITH THE NEWS ABOUT IRAQ DELAYING KUWAIT'S REPAYMENTS...IT'S ALL GOOD, KUWAIT WILL BE HAPPY THEY HAVE THAT AGREEMENT IN LAW NOW.
[wushock92] A young man named Chuck bought a horse from a farmer for $250. The farmer agreed to deliver the horse the next day. The next day, the farmer drove up to Chuck’s house and said, “I’m sorry son, but I have some bad news, the horse died.”
Chuck replied, “Well, then just give me my money back.” The farmer said “ I can’t do that. I went and spent it already.”
Chuck said, “Ok, then just bring me the dead horse.” The farmer said, “What ya gonna do with him?” Chuck said, “I’m going to raffle him off.” The farmer said “You can’t raffle off a dead horse!” Chuck said “Sure I can, watch me. I just won’t tell anybody he’s dead.”
A month later, the farmer met with Chuck and asked “what happened with that dead horse?” Chuck said, “I raffled him off. I sold 500 tickets at five dollars apiece and made a profit of $2495.” The farmer said, “Didn’t anyone complain?”
Chuck said, “Just the guy who won. So I gave him his five dollars back.” Chuck grew up and works now for the government.