EXOGEN December 18, 2014 IRAQ JUST THREW A MISDIRECTION CURVE BALL WITH THE SUPPLEMENTARY BUDGET AND EVERYBODY WAS LOOKING FOR THE MAIN 2015 BUDGET.
SO TO DO A SUPPLEMENTARY BUDGET WHAT DOES THAT MEAN???
1 THING ONLY............
G T > EXOGEN The 2015 Budget is Done!!!
Sedonaman > EXOGEN They have a budget!
Arvin > EXOGEN The main budget has already been passed.
Vinman > Arvin Yep!!! You betcha. You have to have something passed in order to "supplement" it :-)
EXOGEN > Vinman CORRECT
Happiness > Vinman Yep - you have to have something in order to supplement or revise it.
EXOGEN > Happiness BINGO!!
G T December 18, 2014 at 11:07am Additional Clues.....
Like EXO SAID....... Iraq is DOIN' a SUPPLEMENTARY BUDGET!!!
What does THAT MEAN......The 2015 BUDGET IS DONE (can't have a SUPPLEMENTARY BUDGET UNLESS you HAVE A BUDGET)!!!
HELLO....Now the REAL QUESTION IS......WHY IS A SUPPLEMENTARY REQUIRED????
Is the "DADDY" ORDERING IT???
Are they doing this to SNEAK IN THE RV under our noses???
Inquiring Minds Want to know.....
E > with all the news today, one could believe we are in the middle of a global currency reset hiding in plain site
G T December 18, 2014 at 11:56am Additional Clues......
Zimbabwe has released their Smaller Notes (Does that ALSO Include the Coins) within Country!!!
We Have Liftoff
EXOGEN December 18, 2014 at 11:14am THE RETURN OF THE ZIMBABWE DOLLAR
EXOGEN December 18, 2014 at 11:08am
Gold Repatriation and The Monetary Crisis: Austria, Belgium and The Netherlands Want Their Gold Back
By Bill Holter Global Research, December 17, 2014
To say that events are now taking place at the speed of light is an understatement. It was just last Monday, I wrote a missive entitled “The Mother of all Bank Runs”. In it I wrote about the German and Dutch repatriations of gold which was then followed by the Belgians beginning discussions on the same topic. As a final speculation, I mentioned that “logically the Austrians would be next”. There was no way you could have told me it would be less than one week until the same news would actually come out of Austria! Unlike the Germans, Dutch and Belgians who have gold held in N.Y., Paris, and London, Austria holds 80% of their 280 tons of gold concentrated in London.
This is truly big news for several reasons which we will explore and it certainly brings up a few more questions.
These four countries represent the core of the European Union. The EU is located in Brussels and the ECB is located in Frankfurt so the “power centers” (or financial centers) if you will are located within this “block” of countries, let’s call them the “Nordic bloc”. These four are the strength of the euro, they are the highest rated credits and for the most part they alone dictate policy. …And now, ALL of them will be asking for their gold to be returned to them. The same questions I asked last week still apply, even more so now because of the addition of Austria. Why do they want their gold returned and why now? There are other questions which we can look at shortly.
First, “why”? Why is there all of a sudden this rush by Holland, Belgium and Austria to follow Germany’s lead in asking for their gold back. The obvious answer is trust, or better said, lack of trust. For years there have been questions as to whether or not “official gold” has been leased into the markets. These questions have arisen because of the simple math of supply and demand.
If China, India and Russia have been gobbling up 100% of current mine supply… then where is the supply coming from to meet the demand from the rest of the world? If there was no trust issue whatsoever, these central banks would not “bother” with where this gold is being held because it brings up questions central banks would prefer you not think about.
These questions would obviously include “why” move the gold if it is already “safe”? It also brings up the question of why bother if gold is really not important in today’s financial world …as many central banks will have you believe?
You see, for central banks to ask for their gold must mean it has some importance to them, right? For that matter, why have these countries not asked for dollars, pounds or euro’s (from France) for the values of the gold held?
Why are these central banks asking for the actual metal? The answer of course is because they know gold is real money and there is no substitute… in other words, there is nothing “as good as gold” when it comes to money.
I cannot stress enough how big these actions are because these are central banks bringing publicity to gold in a manner showing just how important the gold really is to them! Let’s move on to other questions rather than rehash last weeks missive. Why and why now are the main questions but I believe these two are wrapped up by “why these four countries”? What this obviously leads us to is the very real potential that the Eurozone which is an imperfect union, will now be “splittable”!
These four countries are the center of the “have’s” with the rest of Europe being “have nots” for the most part. These four country’s gold reserves amount to roughly 4,000 tons. Officially they would be number two in the world behind the U.S., assuming the U.S. has not already divested their gold (I believe we have), “unofficially” this 4,000 tons would make them number two behind China if you believe they 8,000 tons of gold or more (which I do). These four countries with reserves of 4,000 tons will have the ability to set up a northern or “Nordic euro” …especially if China revalues gold and re sets the world’s financial system which looks very probable in my eyes.
Repatriating their gold also does something else which few have thought of so far. Actually having their gold in hand may just allow them to purchase energy from Russia.
Remember, Russia is testing their own clearing system to bypass the West’s SWIFT system. Would Russia possibly refuse Western currencies for their energy exports if they had a system up and running which could clear rubles and yuan? You bet they would, especially during a time of financial war.
Is gold a western currency? Is it an eastern currency? No, gold is the ULTIMATE currency, even Alan Greenspan concedes this! This theory of a possible European breakup into northern and southern euros has more legs if Russia were to accept the new Nordic” for trade but refuse the “southern euro”. Would Russia have more “confidence” and thus be more likely to accept the northern euro …if it is supported by gold? Gold that is actually accounted for and held within these countries own vaults as opposed to vaults controlled by N.Y. and London?
The answer of course is “yes” but it also brings up another question which has a very humorous answer! For a little background before I ask the question, do you remember why all of this gold was moved to London and New York all those years ago? That’s right, there was a fear Stalin or one of his successors would roll tanks across Europe and take the gold …so the further away from Russia this gold was …the better!
Fast forward to present day, isn’t Mr. Putin and Russia the “scary and aggressive” potential invaders of Europe? Why would these countries want their gold within their borders at this EXACT point in time if they have any worries of an aggressive neighbor called Russia? Does this make any sense at all? It does, and the humor is that these four countries apparently trust Mr. Putin and Moscow more than they do the U.S., Britain and the West!
Let me wrap this up and speculate a little as to what I believe is happening because it is clear something IS happening. It can be no coincidence these four core European countries want to repatriate their gold. It is also clear this action signals a change of some sort in their “relations”. For this “block” of countries (which is exactly what I believe they will be seen to be) to remove gold from the West and placing it within marching distance from Moscow tells me they trust “us” less than they fear Russia.
I also believe they know where this whole game is headed and who is leading it. I believe China will back their currency with a “re marked” price of gold with Russia as their right hand energy man. The game is going toward gold, not away, this Nordic group is simply positioning themselves for when the starting gun is fired.
While the West has tried to “isolate” Russia, we will have succeeded only in isolating ourselves and creating the “cause” for a run on our own banking system. I am not talking about the paper Ponzi scheme banking system as this will also fall, I am talking about an old fashioned and REAL run on the bank! This “run” started slowly and ran for years as China accumulated what we foolishly “gave away”.
Now, it looks like the “run” is accelerating and the “core four” are taking the attitude “he who panics first panics best”! None of this had to happen but it has and is, simply because the West has done dirty business and ruined credibility. There is absolutely no rationale whatsoever for these banks to ask for their gold back if it is truly safe and they have full and complete faith in the U.S. as custodian and enforcer of the rule of law.
Please understand, the “core four” IS Europe. Other than Britain, Europe is supposed to be America’s number one ally. It is obvious allegiances all over the world are changing. It is also obvious what is considered as “important” as far as money and currencies are concerned is also changing, otherwise these countries would accept dollars in lieu of their gold.. The West has bled gold, trust and thus credibility while the East (and new northern Europe partners?) has accumulated gold, trust and thus also credibility. “Power” has always followed gold wherever it went.
If gold is leaving London and New York, it is for a very good reason. I believe we may very well see a “Nordic euro” that trades primarily with Russia and China as opposed to the U.S. and Japan.
No one has ever run their bank “just for fun”, there has to be a reason. I can see no reason for these four countries to act in unison on this issue unless trust is being questioned and/or a break away from the other deadbeat EU nations is planned …we will see shortly.
Bill Holter, Miles Franklin associate writer.
EXOGEN December 18, 2014
This Is What Gold Does In a Currency Crisis
Submitted by Tyler Durden on 12/18/2014 09:19 -0500
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold.
But when currencies collapse, gold shines.
Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why — all fiat currencies go this way eventually and the proximate cause is almost irrelevant). Russians who trusted their government and kept their savings in, say, a bank account, are losing their shirts. But those who own boring, doesn’t-pay-interest, in-a-bear-market gold have seen their capital appreciate in local currency terms by about 60 percent in just the past month. They’re not “making money,” but they are preserving wealth.
This is how it has gone always and everywhere when governments have destroyed their currencies. In the Roman Empire, revolutionary France, revolutionary America, most of Latin America in the 20th century, and now big parts of the developing world, local currencies evaporate but gold just sits there, buying the same amount of stuff as ever, impervious to the games governments play.
It won’t be long before this chart is replicated in a whole lot of other places. But by then it will be too late to prepare. The gold will be gone and those who trusted their governments will have to make do with promises.
lizardlips : I just heard from a friend with UST that Iraq TV is illustrating the new rates... now we just wait a little more... YeeeeHawwww
GJHHonormrs.): please lizadlips let us know why did you get some news>>>??
lizardlips : GJHHonor, the friend that introduced me into this has been friends with a UST person for some time... the information has always been similar to Tony and Dc's... today was a bit better...
taxmom : lizardlips, are they saying what the rates are?
lizardlips : taxmom, they did not say however, it seems to be scrolling from what the contact stated
randyful : 12-18-2014 Millionday the meeting with the un on the kuwait monies will be done tomorrow [thursday]. The budget will go to parliament on thursday... And we have the call for all reforms to be activated. We will see what comes from the many moves we see coming down the pipe with the stock market as well
[arizona49] 12/18/2014 tman23 The Qi card holders are being told that they will be able to use them in ATM's outside Iraq "soon"...I am following activities but news is all vanilla...IMO we are in the moment of any day now!! IMO I will be red hot ready between the 27th and 1st if it doesn't show itself sooner...I am expecting that if Iraq is to go international that they will initiate the change the last week of December...And before New Years opening markets.
[arizona49] 12/17/2014 Late Evening >>> sczin11 Article quote: "The concerned authorities have begun to take the process to grant the visa, "Visa" electronic investors and foreign businessmen in order to facilitate their entry into the country, the process, and an end to the obstacles that encounter in which the subject of the complaint as long as it has steps."
This may very well be the best news we have seen today, and maybe ALL WEEK! Yes!!! Issuing VISAS TO INVESTORS, ELECTRONIC VISAS.
poppy3: AT LEAST 10 TIME LATELY WE HAVE HEARD MEETINGS WHERE POSTPONE JUST LIKE YESTERDAYS MEETING WAS SAID TO BE POSTPONED TILL FRIDAY YET THEY ACTUALLY HAD TWO MEETINGS YESTERDAY ON THE BUDGET. POPPY3
walkongstick :Abadi reveals a supplementary budget to compensate for the drop in oil prices
Agency eighth dayDecember 18, 2014, 15:39 BAGHDAD - ((eighth day))
MP for the Reform Movement and a member of the Commission on oil and gas parliamentary Zaher al-Abadi detect the presence of a supplemental budget will be approved after the adoption of the general budget to be offset lower oil prices.
Ebadi said to ((eighth day)) that "oil prices weighed on the general budget of the country and led to the reduction of state institutions and the expenses of this impact negatively on Iraq's economic situation."
He guessed Abadi high oil prices to $ 65 a barrel and this will revive the Iraqi economy.
He revealed after the stability of oil prices, there will be a supplementary budget to make up for the state's institutions of austerity which have long been.
Iraq is going through an economic crisis because of the decline in world oil prices and the lack of adoption of the general budget until now. http://8th-day.com/?p=87322
Zochowski: MORNING ALL!!!
AM ALMOST LAUGHING AT THIS............DO YOU REALLY THINK THAT THEY HAVE NOT ALREADY ESTABLISHED A "SUPPLEMENTAL" BUDGET????????????
C'MON, REALLY........THEY HAVE BEEN WATCHING OIL DROP IN PRICE FOR WHAT, THE LAST 6 WEEKS????
NOW AT THE LOWEST PRICE SINCE MAY OF 2009...............N STILL DROPPING..N JUST NOW BRINGING UP TALK OF A "SUPPLEMENTAL" BUDGET......
ARE ALL THE "CONTRACTS" WORKING TO ESTABLISH A SET PRODUCTION OUTPUT TO A CERTAIN LEVEL.....
TO THEN ESTABLISH A STEADY PRICE FOR OIL TO PLUG INTO THE BUDGET????
IMO, THEY HAVE THIS "SUPPLEMENTAL" BUDGET IN PLACE, WATCHING OIL FREE-FALL DUE TO OVERSUPPLY BUT NOT DROPPING SUPPLY PRODUCTION............WE ARE WATCHING A MANIPULATION BEFORE OUR EYES ON OIL!!!!!!
AND THE "SUPPLEMENTAL" BUDGET IS THERE ONLY AS A SAFEGURD, HOWEVER, IMO, THEY ALSO ALREADY HAVE THIS IN PLACE WITH THE LAWS N TAXES TO B ENFORCED WHEN THE BUDGET IS FINALLY IMPLEMENTED.....
LETS BE HONEST, IF YOU SET A PRODUCTION LEVEL OUTPUT TO REMAIN STEADY/CONSISTENT THEN YOU WILL ARRIVE AT A SET PRICE FOR OIL.........WITH A STEADY INCOME WITHOUT FLUCTUATIONS.....
AS AN EXAMPLE, YOU WANT TO MAINTAIN 500 BARRELS OF OIL TO BE PRODUCED DAILY.......THIS THEN CARRIES OUT EXACTLY WHERE YOUR COST WOULD BE FOR PROFIT MARGINS!!!!!
KEEP THE DAILY OUTPUT N YOU KEEP YOUR PROFITS STEADY........THE ONLY GLITCH IS WILL THE BUYERS REMAIN STEADY????? IN THIS CASE, YES, IT IS A ITEM THAT IS NEEDED DAILY, AROUND THE WORLD, FOR EVERYONE NEEDS OIL!!!!!
DOWN THE ROAD, KEEP THE PRODUCTION CONTINUOSLY STEADY N DEMAND WILL INCREASE THE PRICE ACCORDINGLY, MORE PROFIT PER DEMAND YET YOU STILL HOLD STEADY ON YOUR OUTPUT AND WATCH THE PROFITS SOAR!!!!!
OK, NOUGH SAID,
HOPE THIS MAKES SENSE TO SOME OR WILL IT JUST BE MORE GOBBLY-GOOK FROM THIS OLE TURKEY.........G/B M/Z