BACKDOC: INDEED THE DOLLAR IS CLIMBING FAST AT THE SAME TIME! I BELIEVE THE DOLLAR IS ABOUT TO PEAK OUT VERY SOON ONLY TO TAKE A BIG SLIDE SOUTH.
THIS SHOULD ALLOW OIL TO MAKE ITS BIG PUSH HIGHER WHILE GLOBAL DEBT WILL BE ALLOWED TO RESTRUCTURE.
FINALLY ONCE THE DOLLAR HAS DONE ITS REPAIR BY SPRING WE HOPE THE GREAT REPRICING WILL BEGIN.
A FEW WEEKS AGO I TOLD YOU THAT THE BOND MARKET WAS IN TROUBLE AND WAS CRACKING. TODAY THERE ARE NUMEROUS ARTICLES OF BONDS SELLING OFF SIGNIFICANTLY WHILE THE YIELDS ARE SKYROCKETING!
THE TRUMP ELECTION WILL PUT THE PROCESS OF REFORM IN HIGH GEAR. BE PATIENT WHILE IRAQ AND IRAN USE THEIR TWO PAYMENT SYSTEM TO ADD VALUE TO THEIR CURRENCIES BEHIND THE SCENES.
THEY WILL DO THIS THROUGH CONTRACTS AS THE ARTICLES ARE SHOWING YOU. THERE IS MORE AND MORE BUSINESS ACTIVITY TAKING PLACE.
THE GOVT. WILL HANDLE PAYMENTS FOR THE CORPORATIONS. DONT FORGET THAT BONDS AND CURRENCY SWAPS ALSO CAN AND WILL BE USED. DOC IMO
AndySwan43: Could this be Article #7?
MilitiaMan: It sure could very well be #7. Articles state earlier they are wanting to or are going to Float the currency and this suggests that #2 is the way to go
Walkingstick: 09/11/2016 -
Economy .. currency's strength a reflection of the strength of the economy
The basis of the currency historically as a commodity (gold, silver, etc.), and later evolved to be negotiable documents (currency) leafy Bank Notes and keeping metal (reserve) to convert paper to him currency on demand .. With the increase in transactions was abandoned in the "Bretton Woods" agreements in 1944 for gold base (except the dollar until 1971), to be, in essence, the issue of currency as the economic needs of the country and dealing capabilities economic. There are two systems Nkadian two basic .. Anything else a combination of both.
1. The value of the currency is gaining force of law .. and decides to price the state undertakes to cover it ..
2- or leave the currency market to decide the price.
Follow us until 2003 and the first system .. and follow -After Altgier- second system.
And that the current problem of monetary policy, including the currency auction and dealing with banks and foreign transfers and the depletion of foreign currency, is the mixing of the two concepts. Since the mixing prevents enjoy the benefits of any of the two systems, thus we turned into victims only Vodathma and Myatema.
Summed up the first advantages of the system stability of the exchange rate and moderating inflation when the economy can fulfill its obligations ..
The disadvantages least expensive market require us to charge. And whenever the exchange rate was arbitrary, emphasis was placed on the foreign exchange and conditions of the acquisition of "hard currency", the greater the gap between the official price and the market price (the black market!).
The official price in the first system we have about 0.33 dinars to the dollar, the market price is about 4 dinars in 1988, the collapse of the mid-nineties up to 3000 dinars to the dollar (about 10,000-fold). Rising inflation rates astronomically, lose transactions and market stability, and increase the smuggling of currency, settling accounts and the value of foreign currency, even to define marriage dowry.
The second is that the advantages of the system of supply and demand will determine the exchange rate, or a floating exchange rate between the time of the last price is in line with the needs of the market. And advantages of the system measures match with reality, and thus the stability of prices and the ability to control the inflation and stem foreign exchange and currency needs confidence ..
The disadvantages are the increase in acts of speculation, and increase the chances of draining hard currency, and difficult to control.
The problem today is the contradiction between the philosophy adopted constitutionally and legally, the mechanics of the market, and many of the applications and practices that are still dealing concept of socialist state or a fixed exchange rate.
The problem is not the currency auction, and the system of credits and foreign transfers, and banks, in spite of all the gaps and cons .. but the weakness of the near absence of the national economy and projects, master real sectors, and weak financial markets, stock exchanges and institutions, adopting almost entirely on the balance of trade (exports and imports), and the chaos of a big the customs and tax system, and the prevalence of treated paper currency and the weakness of the banking habit, etc.
Four years ago, brought down the leadership of the central bank, and the more conservative efficient Dr. Shabibi, and arrested a number of its officials, after reports indicate that imports across much lower border crossing points, which is sold in the currency auction. He freed the bank's staff, including Deputy Governor Dr Saleh appearance, and later appointed -basthakaq Kavaeh- and economic adviser to the prime minister. It became clear that the responsibility of bleeding currency does not fall on the central bank or banks and currency auction, but the weak economy and its institutions, relying on the trade balance. Vlaigav bleeding must stop imports .. (Read Maliki into this. imo)
Without production, the economy and the real national can not stop imports. But imports are used in the central bank's rule, or as a red line, so that the bank reserves do not fall for imports of at least 6 months. It is a fait accompli base, reveal the failure of our economy and subservience. While sound in sound economies, the rule is linked precautions business and economic activity mainly size. This contradiction and imbalance does not address the instructions confused and threats, and the mixing of concepts that deepen corruption .. but corrects the tracks and build the foundations of macroeconomic Macroeconomies and partial Microeconomies, which would rely on the diverse national production and reduce dependence on oil exports and imports.
And that the imports that have not been funded legal and transparent and streamlined ways, will fund the "other ways", and that their instruments of forgery, smuggling, fraud and bribes, and the increase in costs, paid in the end, the economy and the citizen. (Search link)
Adel Abdul-Mahdi Link
Marto: Heard on cbs morning news trump wants to back out of Paris agreement claiming climate change is a hoax. Not sure what to make of it…..I was just concerned because Paris agreement was assumed to be related with RV. And trump backing out may affect the process
KLS: Marto: Don't believe anything you hear or Read! This should have happened 3 yrs ago. There were so many obstacles (excuses) etc, etc.... It will happen when it happens.
KLS: Marto: Just like what they have said for the past 5 years, that this pres O was not going to let this happen. Guess What? Did this pres hold it back for the past 5 yrs? If you want to blame a Pres, then look at the one we have had for the past 5 yrs.
Lostnq8: The CABAL has lost their control now. We are on a new course.
KLS: Marto: There are two camps ......1) USA holds strings on Iraq revalue. 2) Iraq with IMF hold the "button" you can pick which one.
NWMontana: president had/has Nothing to do with the release…. way above that office…. way above Any office
Phenom: Iraq is a small part(they are done) of 209 Country`s currencies at the END of this Global Currency Reset moving with their soon to be internationally Basil 3&4 compliant Banks to FIX the broken FIAT currency system over to Asset Backed value BENCHMARKED with Parity to 1 Oz of Gold before the whole economic MARKETS collapse worse than 1929 Ever dreamed.
Dinarians, welcome SOON the GCR, although Noone knows when, but the educated and the Openminded Know It IS going to happen.
CandyGirl: my opinion is that until we have the new president we will not see anything, we know that O is the hold up whether we like it or not . ok now i can get attacked for my opinion
DLdieter: My two cents...O may have much of his legacy torn apart. If he wants any legacy, why not do it now?
JerseyBoysFaninMN: CAndy Girl... I don't agree with your comment. I believe this is a global event and far above politics. I believe they (whoever in the heck "they" are) are waiting to get every i dotted and t crossed and then it's gonna go like a freight train.
JerseyBoysFaninMN: We have a three-day weekend coming up... perhaps that may be an opportune time to let the freight train go.
SassyD: Alan Greenspan calls Dodd-Frank a 'disastrous mistake' -- November 10, 2016 -- http://money.cnn.com/2016/11/10/investing/alan-greenspan-dodd-frank-federal-reserve/index.html
Oil Falls as Focus Returns to OPEC After Trump Election Surprise
Oil fell as the market’s focus shifted from the shock of Donald Trump’s U.S. presidential election victory to questions about OPEC’s ability to rebalance crude supply and demand.
Crude futures declined as much as 1.9 percent in New York, erasing earlier gains after the International Energy Agency said prices may retreat amid “relentless global supply growth” unless the Organization of Petroleum Exporting Countries enacts significant output cuts. The dollar rose to an eight-month high against its peers, putting downward pressure on commodities priced in the currency.
Traders are weighing the implications of a Republican again presiding over the nation that consumes more oil than any other -- and is one of the biggest producers too. Trump has promised freedom from OPEC and some of his energy policies include opening federal lands to drilling and freeing up offshore areas to development. While investors took comfort from a conciliatory acceptance speech on Wednesday, surging U.S. crude supplies served as a reminder of the massive global glut, which the IEA said could persist through 2017.
"The IEA report showed that OPEC production has climbed to a new high, which is cause for concern," said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. "When we thought they were about to put their foot on the break, they were actually putting their foot on the accelerator."
Stock Rally Falters Near Record as Bonds Decline on Trump Wagers
The rally in U.S. stocks faltered after the Dow Jones Industrial Average rose to an all-time high, as investors speculated gains sparked by assumptions for pro-business policies under Donald Trump went too far too quickly. Metals climbed with the dollar, while bonds fell.
The S&P 500 Index wiped out its gains right after the Dow Average rose above its Aug. 15 record. Copper was set for its biggest back-to-back jump in five years, gaining alongside lead, zinc, aluminum and the companies that produce them. The dollar advanced against most major peers, while government bonds extended their selloff as Trump’s win bolstered bets on faster inflation. Brazilian and Mexican assets led losses in emerging markets.
Traders are betting Trump and a Republican-controlled Congress will lower taxes, ease corporate regulation and ramp up spending to spur economic growth. He pledged to at least double the $275 billion five-year building plans of rival Hillary Clinton, while saying infrastructure will become “second to none” with millions working on projects. That also means commodities used to build everything from airports to bridges would benefit under his presidency, according to Goldman Sachs Group Inc.
“Day two will digest what went on in day one,” said John Manley, who helps oversee about $233 billion as chief equity strategist for Wells Fargo Funds Management in New York. “The election is over. That was a big piece of uncertainty that hung over the market. From a business point of view, this means less regulation, and less regulation is viewed as being more growth, which should be viewed as a positive.”