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Monday, August 7, 2017

ENORRSTE TIDBIT, 8 AUGUST

The issue isn't international recognition and tradability. It's stability. Foreign investors aren't avoiding Iraq because of the dinar's value. They're avoiding because of the issues of security and stability. If foreign investors are willing to do projects in Vietnam and S. Korea with the low values of their currencies they should be willing to do business with Iraq with the dinar at 1184:1. But Vietnam and S. Korea don't have bombs going off on a regular basis and a terrorist organization controlling part of their countries. Deal with those issues and foreign investment will happen. Guaranteed.

TNT CC NOTES, 8 AUGUST

TNT SHOWTIME CC (Notes by Adept1)
 TNT Call notes 7-August-2017 Replay: 641.715.0623, PIN CODE 409029# 
https://events.iteleseminar.com/?eventID=100479612 

RayRen: Good afternoon, TNT super-fantastic family! Today is Marvelous Monday, August 7, 2017, with yours truly RayRat98 here. When we were last together on Wednesday’s call, with an update on Thursday and no call on Friday. The weekend was very quiet for most of us. There are plenty of people who can give you other information, but when you still wake up with empty pockets, that doesn’t help. There is a lot of intel floating around; I give you the information that I feel is true and pertinent, and you blend that with other things in a way that is good for you. I didn’t expect anything much over the weekend. Now we are getting news and rumors that it will go on 21.August. 

Then just today I am seeing good events; Kurds are on their way to Baghdad to discuss their issues and Article 140 to be activated. It’s believed that will take place within two days. The appeal to the Budget has supposedly been rescinded; that was to be addressed on 21. August as well, and it might have held things up, but if it has been rescinded that’s no longer an issue. Regarding back pay, there is a question of whether it is 1:1, and rumor/intel says July’s payments will be made 7-8 for some, 9-10 for others, and some are now saying those payments are going through today. Somebody will be right; I’m only interested in my part of the process. If Article 140 is activated, that might be the signal for the ATMs to function and dispense the lower denominations. That will be a great sign of progress. We need to look at some other currencies, because there are things going on in that arena as well. I have been getting some information but waiting for it to firm up. Keep an eye on that whole sector, because there are always opportunities. 

Questions from the TNT forum 
Q: Now an insurance requirement needs to be achieved by the GOI; months ago, you responded to a question about possibility of RV in Sept. and firmly suggested “NO” – September is now weeks away, are we now headed to 2018, a possibility that seemed remote? Apparently more needs to be done to qualify for IMF approval! 

A: The information from last week and from today indicates a NO for September because it looks like this will pop before then, and NO for 2018 as well. 

Q: Can you please explain the TNT “give back day” after the RV? 

A: When Tony was still in charge of TNT, he suggested that ten days after the RV, we should all go out and do something significant to pay it forward: give a wonderful tip at a restaurant, or pay for everyone’s groceries at the supermarket, or something of that nature. We could write ‘superfantastic’ on the bill, so that when it was reported, WE would know it was someone in this group. Of course, when the time comes, we will announce the official Day 1 up to Day 10, and we would see the official results across the United States. 

Q: Any speculation as to WHAT or WHY this is still being held up? It seems like everything has been done, and we are “CLOSER” than we have ever been, but why not full release? 

A: Sure, someone is still fighting to get what they want out of this deal. Yes, we are closer than ever, but closer is not ‘the end’, which is what we need for the release. 

Q: it is now beginning to look as though Abadi beats to a different drum, with all of the timelines being ignored, the lies being told to the Iraqi people such as the coming days, weeks end, accelerated reforms etc. That being said as the world waits is there any way that the IMF other countries or any other entity can circumvent this RV without waiting on Iraq any longer?

 A: I think that if they could do it without Iraq, they would be doing so. I’m sure any time they feel froggy, they would jump… so why haven’t they? I have to assume that they cannot, or they would have by now. That’s my thought. 

Q: Post RV, will the volatile rates on ForEx for the currencies we hold, be reflected at the banks and have an impact on the rates the banks quote us on the day of our exchanges?? 

A: I assume so, but if not, we can still participate with those rate changes in the market place, if not at the bank. I am asking those familiar with these issues to find out how to do that, if it possible. 

Q: is it possible have this RV could sneak up on us all without any preliminary warning and surprise even you? 

A: No way it could sneak up and surprise me, and I think there are too many people watching this 24/7, looking for these changes. 

Q: Articles keep coming out about the salaries being paid to the people last week and this week. Do you know if they have been paid and at what rate? 

A: That has been the big issue: what rate? We have articles saying the back-pay and retirees are being paid today, and the scuttlebutt is that they are being paid 1:1 or at the new rate – also for the contractors. I am trying to pin down where they are in that process, to give us some type of time-frame or thought process when we can take advantage of the situation. 

Q: I have heard you say to make sure our currency is verified before giving it up to the exchanger. What I haven’t heard is how do we do that if all they are doing is following a book on how to verify it? I’m concerned they will still send the currency off to some location to verify it. Wouldn’t it be better to only exchange at a facility that has a De La Rue machine? 

A: If they are following a book to verify the currency and then say, “this is it, this is the correct currency and amount”, and they give you a receipt, than that is it. They used their verification process, and they need to stand behind it. If not, go elsewhere. It doesn’t matter if it is a machine or a magnifying glass, so long as they verify it in front of me and give me a receipt. After that, it’s on them, no longer on me to prove what I have is valid. 

Q: Can you please expound on your information in beginning that the action before the Supreme Court regarding the budget has been rescinded? 

Live Callers:
 470/865/404 caller: Anything you can share from the mosques 

RayRen: Nothing from the mosques lately. 

Caller: Articles in print don’t always square with what Iraqi television puts out. What is happening with the Kurds – is that being reported? 

RayRen: They are not bringing that up in our conversations. 

Caller: Anything showing up in the Gazette? 

RayRen: There are not expectations of anything in the Gazette.

 232 caller: It seems rare to hear new people on the phone – is this a policy? I have tried to get on in the past… 

RayRen: Did you try a different number? This line is the only one open to questions, and I try to go straight down the line. 

Caller: We are considering an ‘eastern’ civilization from a western mentality, and I think that this adds to the frustration, especially on timing issues. I thought maybe Iraq would issue new money/currency and let the older notes go… what do you think? 

RayRen: If they hadn’t already started, maybe they would go that route. Look at Zimbabwe, they have declared the old currency defunct and are starting afresh. However, in Iraq, everything is to far along to go with that approach. Many have been investing in the Iraqi currency, AND various things have taken place that we are not aware of or don’t have control over. We do have a few elements of control: who we listen to and when, and also which banks we use to exchange our currencies. Your feelings make a difference to what you hear and how you receive it. I woke up refreshed and ready to go; some people woke up frustrated, and go through their day all agitated. That’s under our control! We need to be ready to go, and then we can jump on it when it falls out of the tree. 

Caller: Yes. You can worry all day about this, if you choose, but if you worry briefly and then move on, there are miracles everywhere. You have to train yourself NOT to worry or focus on the negative, and things don’t turn out that way. Be done with the worry and find the nugget out there in the day. [more of the same] 

610 caller: If you are financially able, please donate by mail, sending your check or money order to Ray Renfrow, PO Box 1748, Elm City, NC 27822. 

Next caller: Did I hear you say that some people can exchange now??

 RayRen: Sure, they can… but only at the ugly rate. The availability is there; we are exercising the control NOT to go. 

707 caller: Where is that birthday song that you play? RayRen: Go to YouTube and search for ‘reggae birthday song’. Next caller: You don’t think this will go into 2018? 

RayRen: Anything is possible, but if everything goes according to the information I have been listening to, then it should be done before the end of this month, so September and 2018 are irrelevant. 

386 caller: What you said earlier about Zim being a dead currency; what are the odds of Zimbabwe writing that off? 

RayRen: Technically, it’s already worthless. Remember there was a US currency at one time called ‘green banks’; that is now a collector’s item, but you cannot exchange it at the bank. That’s how I view the Zim we bought: it’s a collector’s item that may have value in the future. You cannot go to Zimbabwe and ask to exchange it in the banks in that country. However, there are so things going on with that superseded currency that I don’t totally understand, but if things change such that the bank will give me three cents on the dollar, I won’t ask why, I’ll just exchange. If the banks say “the currency is obsolete”, well, I knew that when I bought it. Your question was whether that older currency can go back to Zimbabwe in current conditions. I do think this will change. 

Caller: I bought Zim but I’m very limited on dinar because I can’t find any more at the official rates. 

Closing Statement We are still trying to say sane as we wait and watch. In the meantime, if you have any kind of retirement, do yourself a favor and set up a self-directed Roth IRA with suitable guardians for that program. If you have 10K in your retirement fund, bringing in less than 1% interest, if you took just $1,000 and moved it into a s/d Roth IRA and used that to buy currency or other tangible assets, you will do so much better. 

Most of us came to this community because we bought dinar; $1,000 could get one million dinar, easily. So your s/d Roth IRA has one million dinar, and at $3.00 rate (which is conservative), that’s three million dollars… from an investment of $1,000, plus you still have $9,000 in your other retirement account. So now the tax-free account has three million, and your ordinary taxable retirement account has $9,000! Do these deals while you can, so that when the dust settles, you will have much more to play with. 

This is a way to get your money to work, compared to what you are doing right now. I don’t say to take the whole 10K and risk it on currencies, just a portion. Stop operating on emotion; do the math and let that make the decision for you. It’s a whole different world out there, and we’re dealing with money on an entirely different level. We’re going into the future, and you ah veto decide if you are as well. Good things could pop out this week, in Iraq.

 If the other countries feel froggy, why don’t they jump? I don’t know. From the information I’ve received, it looks like Iraq should be moving in the next couple of days, and we might see something exciting take place with the left hand. Meantime, don’t forget about your right hand, with those other currencies. One of them almost did something today, and that means there is no telling what it might do tomorrow. 

If we see an opportunity, I will put the information out there so that you can optimize the opportunity, if that is appropriate. Even as new things develop in the financial arena, we will make sure you know of it. 

You will have no excuse not to be successful. In the meantime… I’m excited. 

RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA

Last days of Paper IQD/Private Sector Launches Next Phase

IQD CHAT TIDBIT, 8 AUGUST

Tman23   They at some point need to lift the 3 zeros and the CBI gave the green light March 2015 to begin...Then Alak said although ready, not until they had control of Provinces...WHICH THEY DO NOW!!

Enorrste   Article:  "Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction"  

What is amazing about this article is that Iraq is broke! 

How could they be announcing large investment projects unless they expect the money to come from foreigners?  And, if the money has to come from foreigners, how would those investors take the risk unless the dinar is internationally recognized and tradable?

Conclusion:  open the dinar to the world!

KTFA UPDATE, 8 AUGUST

Whatever:  Thanks for your comments BackDoc. What do you think will be happening with the Rial/Toman? Is Iraq's Shia brother still on the uptick despite the ongoing sanctions? 

BACKDOC:  THE TOMAN IS A HIGHER DENOMINATION NOT A DIFFERENT CURRENCY. ITS LIKE GOING FROM A TEN DOLLAR BILL TO A 100 DOLLAR BILL. IT IS A TEN FOLD INCREASE OF VALUE.    IMO   DOC

Whatever:  So the two will exist together? How is Iran doing with respect to raising the value of their currency, in your opinion? Thanks Doc!

Backdoc:  WE KNOW FROM ARTICLES THAT THEY PLANNED TO DROP 4 zeros. THEY DID INDEED DROP ONE BEFORE THEY WERE GIVEN THEIR RATE IN DC ON APRIL 21 st. WE HAVE SEEN THEM FOLLOWING IN IRAQS FOOTSTEPS SINCE THEN. 
IMO   DOC
....
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Cleitus:  Backdoc, I would like your opinion on how much of a hit will the British pound take on let's say..., 40 billion pound settlement.  Please, anyone else in the know is welcome to answer.  A short explanation would also be nice.
 
BACKDOC:  THAT IS A TRICKY ONE MY FRIEND BECAUSE THE NEW DOLLAR WILL LIKELY BE MUCH LOWER THAN NOW COMPARATIVLEY. VALUE WILL BE REDETERMINED GLOBALLY AGAINST THE NEW DOLLAR.
IMO   DOC

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Mikhail:  And just so you know Frank, we are paying attention to the articles brought forth this evening.  The article pertaining to Iran and the CBI wanting all transactions recorded and sent, along with gold is very interesting.  Not to mention the older article speaking of the dinar not going below a certain dollar amount.  Many of us read the articles, but we post rarely.  Delta's article about Tanzania brings a certain reality to mind when not looking at this investment through a toilet paper tube.  Only so much can be seen when you focus on one spot and not the whole picture.

Frank26:  Especially when that which is being offered as articles right now are more like a .............. Micro Dot.

Tonight Your MONDAY CC will once again .........  Praise God ............ Because He has blessed us with good understanding.

By the Time M CC ends ............... You will Realize ............ Many things.

IMO .......... The Internet is Lifeless ......... Desolate ............. On the MC (Master Card?) STUDY right now.

Tonight ........... FOUR Rivers will water and bring a Zest back to some ............ An Exploding Exuberance ........... An Elan.

It would Behoove some to ............. Come Listen Tonight.

C U on Your CC  ............ 7pm est ........... Aloha \m/

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Samson:  Association of Private Banks: Banks are working on issuing four million bank cards

 7th August, 2017

The Iraqi Private Banks Association announced on Monday that Iraqi banks are currently working on issuing four million bank cards.

The Executive Director of the Association of Private Banks, Ali Tariq, in an interview with "Economy News", "The banks operating in Iraq are currently working on the issuance of four million bank cards and put them on the market," adding that "the world will see in the coming years, Using electronic cards in daily transactions. "

He stressed that "the issue of bank cards is of great importance after the opening in the society and the expansion of the banking culture of the citizen," explaining that "the Association of private banks will establish several courses for bankers on the development of their capabilities in dealing with bank card

http://economy-news.net/content.php?id=8614

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Samson:  Distribution of salaries for the month of July for the employees of Nineveh

 2017/8/7 16:33

The Ministry of Education began distributing the salary of the month of July to the members of the displaced province of Nineveh in Baghdad, adding that tomorrow will distribute the salaries of employees of education in the representations of Arbil, Dahuk, Sulaymaniyah and Kirkuk from the meal {1} ​​to the meal.

A statement issued by the Minister of Education, Mohamed Iqbal al-Sidli, received the agency {Euphrates News} a copy of it today, "Directorate of Education Nineveh will begin to distribute the salaries of employees in Mosul, which number 23300 teachers and teachers and staff on Friday." 

He noted that "the minister is keen to distribute the benefits of the staff of education Nineveh without delay, and follow-up continuous and direct to this important file.

http://alforatnews.com/modules/news/article.php?storyid=147794

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PappaJ:  A FORUM MEMBER WANTED TO BE ABLE TO CONNECT THIS TO ALL OF THE INFO COMING OUT OF IRAQ.

BELOW IS A SUPPORT/ INFORMATION EXCERT OF A PIECE WRITTEN BY THE FOLKS AT NCR.

OVERALL VIEW AS TO WHY ATM'S HAVE BECOME INCREASING IMPORTANT IN THIS DIGITAL AGE THAT LIKE IT OR NOT IS AND WILL INCREASING BECOME

A STRANGLEHOLD/ CENTRALIZED CONTROL ON THE GLOBAL FINANCIAL SYSTEM. PJ ​
Why the ATM is important to financial innovation

By:   Colin Gordon

 April 29, 2015 11:59 am

The ATM is often seen as a distinct area of banking services, one that rarely changes and operates separately from the rest of banking functions like mobile or online. For many consumers at least, the perception is that the automated teller machine hasn’t changed since its inception in the 1960s and it’s got no room to do so.

Nothing could be further from truth however, and it’s clear how developments at the ATM channel are actually now at the heart of wider financial industry innovation. Over the coming years what we see in this channel will influence, and be influenced by, other changes to technology shifts in the banking sector.

Not just cash

Perhaps the biggest change that has already taken place is the gradual shift away from the 2.8 million ATMs globally being just cash dispensers. Consumers can pay bills, purchase event tickets and pay in checks at ATMs these days and there are increasing signs that functionality is evolving further with transactions such as foreign currency and travel ticket dispense also.

Cash use is still holding firm in the face of new payment methods.  Over $400,000 USD is withdrawn in cash from the ATM every second.  This alone continues to highlight the key role that the ATM and cash will have in the future. Indeed as banks seek to rationalize branches by scaling back the number of outlets, the ATM forms a key channel for consumers to get hold of cash. And with added functionality, like video teller tech, the ATM is also a way to maintain customer engagement and service more cost-effectively on a 24/7 basis.

Growth

As consumers migrate to online and mobile banking, some have suggested branches and ATMs will no longer be required. In fact we’re seeing the opposite because improved technology and increased functionality makes ATMs more useful to consumers.  The ATM at 94bn, Branch at 76bn both still see a greater number of annual transactions globally than online (35bn) and mobile (29bn).

The Asia Pacific region is driving growth of new ATM machines as the installed base rises, but in Europe and North America there are also changes. ATM technology is moving on so quickly in response to changing consumer habits, replacement of machines in established markets will be a sign of further financial growth.  This is of importance as the consumer experience at the ATM becomes more important and the whole design, aesthetic and usability begins to mirror that seen on smartphones or tablets as digital and physical converge.

Contactless

A key trend that’s also emerged in the last couple of years has been contactless technology, which allows consumers to swipe their card or phone to initiate a transaction at a point of sale terminal. This is also extending to ATMs as their place in the wider context of financial innovation is appreciated.

For example, NCR helped launch the world’s first tap and pin ATM with ANZ using SelfServ 23 and EMV contactless technology. By helping to reduce fraud related to ATM use and transaction times, we will likely see the drive for contactless ATMs being at the heart of wider financial innovation efforts taking place.

Check out NCR Financial Services solutions.

DINAR GURUS UPDATE, 8 AUGUST

8-7-2017   Intel/Newshound Guru tman23   A few questions...  Why the "sup" budget for 2017?  Why does it appear to be initiated in Sept/Oct... Why Meet on it again in September along with the Budget for 2018 that is already figured and "must be approved by IMF board"...when the IMF board appears to be the drafters of the 2018 budget...  Iraq Banking Laws...  Domestic Banks in Iraq year starts Jan 1 and ends Dec 3...Thus we can see reasoning why they would start the NEW accounting at the start of the New Year...  The sup budget appears to be the "start of a new era"...A primer per se'...And from 2018 on...New accounting methods will be used in Iraq...In other words NO MORE 3 ZEROS...

8-7-2017   Newshound Guru Enorrste
   Article:  "Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction"   What is amazing about this article is that Iraq is broke!  How could they be announcing large investment projects unless they expect the money to come from foreigners?  And, if the money has to come from foreigners, how would those investors take the risk unless the dinar is internationally recognized and tradable?  Conclusion:  open the dinar to the world!


8-7-2017   Intel Guru Bluwolf    Main Source still holding on to the point of the high alert. As they also are holding on and awaiting the signal.

8-7-2017  Newshound Guru Breitling  A lot of people are talking about the IMF.  Don’t read into this hype.  What the IMF is doing is they gave loans to Iraq.  The reality is the IMF is making sure that the money is fine and if they get to a situation where they are mismanaging and they can’t pay the IMF back for the loans…the IMF gets management rights.  That’s it.  And guess what?  Iraq has not even been close to being at that stage.  They pay their bills.  They have plenty of money to pay their bills.  It has nothing to do with if it’s going to revalue tomorrow or an indicator.  Everyone get’s loans.  I know millionaires who get loans.

8-7-2017   Intel/Newshound Guru tman23   They at some point need to lift the 3 zeros and the CBI gave the green light March 2015 to begin...Then Alak said although ready, not until they had control of Provinces...WHICH THEY DO NOW!!

8-7-2017   Intel Guru Frank26   As we SHARED ...IOO ...The 1 to 1 is next as it transitions from GOI books to Employers' books. 

BACKDOC UPDATE, 8 AUGUST

BACKDOC:  IF THEY DELETE THE PETRO-DOLLAR OR OLD DOLLAR COIN AS THEY MENTIONED IN PREVIOUS ARTICLES, WHAT WILL THEY HAVE LEFT?  (See Articles below)

COULD IT BE THE DIGITAL ASSET-BACKED DOLLAR THAT THEY CONNECTED TO IN FEBRUARY?  MMMM

IRAN HAS ALREADY REJECTED THE PETRO-DOLLAR, WHO WILL BE NEXT?  WILL CONTRACTS ANSWER THAT QUESTION IN OCTOBER? MMMM

WITH THE IMPORTANT LEGISLATION I WAS WAITING FOR NOW DONE, THE POWER TO CONTROL THE UNIVERSAL CURRENCY (BLACK GOLD), AND EVERY OTHER CURRENCY WILL BE IN PLACE BY OCT. 1ST IN THE NEW U.S. FISCAL YEAR, WHICH WILL USHER IN "THE NEW REALITY".
...
THE SIGNIFICANT PARTNERSHIP BETWEEN M.A.S. ( Monetary Authority of Singapore) AND THE UST, IMF, AND WB (World Bank)  IS NOW READY!

NO WONDER IRAQ SAYS THEY WILL PAY 100% OF THEIR SALARIES IN THE NEW DIGITAL DINAR BLOCKCHAIN BY OCT. 1ST! HEE HEE

MY EYES ARE ON THE THE U.S. BOND MARKET SINCE GREENSPAN WARNS OF A BLOW-UP. HE ALSO SAID EQUITIES COULD BE AT RISK AS WELL.

BERNANKE HAS ALSO ISSUED WARNINGS ABOUT THE BOND MARKET. ON TOP OF ALL THAT, THE BOND KING, BILL GROSS, HAS ALSO STATED COMMENTS ON A DANGEROUS BOND MARKET.

CHRISTINE LEGARDE ALSO MENTIONED THAT A U.S. CRISIS COULD HAPPEN, CONTRARY TO THE FEDS' JANET YELLENS COMMENT ABOUT A CRISIS NEVER HAPPENING IN HER LIFETIME.

WITH THE PETRO-DOLLAR DOWN CLOSE TO 15% FOR THE YEAR, I WONDER HOW CONTRACTS WILL BE PAID COUNTRY TO COUNTRY AFTER OCT.1st ? MMMM

I FOR ONE WILL WAIT TO SEE A DIGITAL RESCUE OF A POSSIBLE BLOW-UP AS GREENSPAN STATES COULD HAPPEN.

​I WILL REMAIN ASSET-BACKED UNTIL IT'S CERTAIN WHO HOLDS THE REAL ASSET. "THINK LIKE A SURVIVOR"  OBVIOUSLY, THE GOLD-BACKED DINAR CAN'T BE SAFER.

8@8, DOC

THESE ARE MY OWN THOUGHTS AND OPINIONS AND ARE NOT INTENDED TO CONFLICT WITH ANYONE ELSES OPINIONS. BLESSINGS! DOC

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Don961:  Basra is unhappy to delete the "petrodollar" from the budget amendments

2017/08/07 (00:01 PM)

Baghdad / Range

Governor of Basra, yesterday, resorting to the judiciary to challenge the amendment of the budget law, in protest against the decision to delete the petrodollar paragraph of the law. Calling on President Fuad Masum not to ratify the amendment.

"The local government, both legislative and executive, held a meeting to discuss the implications of the deletion of the (petrodollar) clause in the amendment of the budget law by the House of Representatives," Governor Majid al-Nasrawi said during a conference in Basra.

Nasraoui said that Basra was scheduled to receive 385 billion dinars under the budget law this year.

The Governor of Basra that "the deletion of petrodollar by the House of Representatives reflected negatively on all projects in Basra, where the company stopped cleaning work, and delay the payment of salaries of teachers and teachers contracted with the Office of the province, as well as the disruption of the program dispatch patients for treatment outside Iraq, Investment vitality ".

"Nasraoui that" Basra appeals to the President of the Republic not to ratify the amendment of the law because of the injustice of the right to maintain and disruption of services, and if approved, we have many options, including a lawsuit.

For his part, said Ahmad al-Sulaiti, head of the Financial Control Committee and follow-up allocations in the Basra Governorate Council during the conference, it is not true that the House of Representatives and the federal government to enact a law to put the right of the provinces to act with certain financial allocations, and then cancel the law after entering the provinces In financial obligations, and therefore we demand the Presidency of the Republic not to ratify the amendment of the law. "

Al-Sulaiti said that "budgetary allocations have been significantly reduced in accordance with the amendment of the budget law, and therefore we must look for alternatives to finance, and we will try to find sources of funding without harming the interests of citizens."

http://almadapaper.net/ar/ news.....34222/link 

Russia’s Banks Get Serious About Digital Currencies
https://www.bloomberg.com/news/articles/2017-08-01/russia-s-banks-prepare-to-hit-the-gas-on-digital-currency-use

Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices.

Read more: https://www.cnbc.com/ 2017/08/04/greenspan-bond- bubble-about-to-break-because- of-abnormally-low-interest- rates.html

Dollar swoons after U.S. service sector data disappoints
The dollar fell against the euro on Thursday after softer-than-expected U.S. services sector data, then briefly fell more and hit a seven-week low against the yen after a report that a grand jury will investigate allegations of Russian meddling in the 2016 U.S. election.

From Reuters News:
Struggling dollar awaits U.S. jobs report for potential relief

The dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the wake of weak U.S. data, awaiting the closely watched non-farm jobs report later in the session for potential relief.
https://www.bloomberg.com/ news/articles/2017-08-01/ russia-s-banks-prepare-to-hit- the-gas-on-digital-currency- use

How the Prolonged Dollar Slide Reshapes the Investment Landscape
https://www.bloomberg.com/ news/articles/2017-08-02/how- the-prolonged-dollar-slide- reshapes-the-investment- landscape

The Fed's about to try something that almost always has ended in recession
The Fed has embarked on six such reduction efforts in the past — in 1921-1922, 1928-1930, 1937, 1941, 1948-1950 and 2000. Five ended in recession,

Read more: https://www.cnbc.com/ 2017/08/02/fed-balance-sheet- reduction-almost-always-ends- in-recession.html

The U.S. dollar continued its slide on Thursday against a basket of foreign currencies.

Read more: https://www.cnbc.com/ 2017/08/03/this-currency- trade-may-be-about-to-reverse- says-matt-maley.html

Read more: https://www.cnbc.com/ 2017/08/03/as-pg-cuts-ad- spend-clorox-ceo-explains- values-of-digital-marketing. html

Chartist identifies the ‘single most important technical level in the world’
Rich Ross of Evercore ISI says there's trouble in the charts for Apple.

Read more: https://www.cnbc.com/ 2017/08/03/chartist- identifies-the-single-most- important-technical-level-in- the-world.html

Yuan Watchers Strengthen Forecasts on Dollar Drop, PBOC Support
https://www.bloomberg.com/ news/articles/2017-08-03/yuan- watchers-strengthen-forecasts- on-dollar-drop-pboc-support

RBI Cut Seen Adding Fuel to Rupee Rally as Two-Year High Reached
https://www.bloomberg.com/ news/articles/2017-08-03/rbi- cut-seen-adding-fuel-to-rupee- rally-as-two-year-high-reached

A 'meaningful' market correction is close, says widely followed strategist
BofA Merrill Lynch chief investment strategist Michael Hartnett said there could be "something more meaningful" than "your average correction" this fall.

Read more: https://www.cnbc.com/ 2017/08/04/a-meaningful- market-correction-is-close- says-widely-followed- strategist.html

It's a very good time to be a money launderer, and you can thank cryptocurrencies
Initial coin offerings (ICOs) are exploding as cryptocurrencies like bitcoin gain wider public acceptance. That may be good news for money launderers.

Read more: https://www.cnbc.com/ 2017/08/04/icos-may-be-seen- as-securities-by-u-s-and- singapore-regulators.html

Struggling dollar awaits U.S. jobs report for potential relief
The dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the wake of weak U.S. data, awaiting the closely watched non-farm jobs report later in the session for potential relief

Asia tentative, dollar languishes on U.S. politics, mixed data
Asian stocks struggled on Friday after a technology-led drop on Wall Street, while U.S.

Treasury yields and the dollar remained under pressure on signs that probes into possible Russian interference in the 2016 U.S. elections are gathering pace.

No Bubble in Stocks But Look Out When Bonds Pop, Greenspan Says
https://www.bloomberg.com/ news/articles/2017-07-31/no- bubble-in-stocks-but-look-out- when-bonds-pop-greenspan-says

Political Drama Is Hitting the Dollar Hard
https://www.bloomberg.com/ politics/articles/2017-07-30/ trump-s-dollar-mess-losses- pile-up-as-political-drama- mounts

Trump's Dollar Mess: Losses Pile Up as Political Drama Mounts
https://www.bloomberg.com/ politics/articles/2017-07-30/ trump-s-dollar-mess-losses- pile-up-as-political-drama- mounts

Russia forces out nearly 800 US diplomats as dispute widens over sanctions
President Vladimir Putin said Russia will expel 755 U.S. diplomatic staff and could consider imposing additional measures against the United States.

Read more: https://www.cnbc.com/ 2017/07/30/russia-expels-755- us-diplomats-as-fight-over- sanctions-worsens.html

RECAP: BANK STORIES DURING JULY - AUGUST,8 JULY

TRUCKER BABY BANK STORY: 
"TruckerBabe has a friend she trusts who has just exchanged with Wells Fargo today. Specs: WF client for many years. No NDA, but took approximately .75-$1.00 less, since he did not sign an NDA. No fees, money available immediately. Rates: dinar: a little higher than Tony has been stating. Dong: Again, a little higher than Tony was stating (would not give her the exact number). Rupiah: $1.00. Zim: .03, but taking only 100 and 50 trillion notes."
****
TNT Member Alonzodb: 
I stopped by my local Chase bank on the way to work today. (Friday) I was looking to pick up some Vietnamese doing like I've done many times in the past.

But today for some unknown reason the teller said she couldn't pull up any information on the foreign currencies and I would have to come back another day? She said she didn't know why? I thanked her and went to work. 

I don't know what it means if anything, but I thought it was a little strange? It has never happened before? Thought I'd share..

*****
OLDTIMER61:
I called my wealth manager at wf this morning to do another currency exchange for me as I'm traveling to Dubai in September. I also inquired about the Iraqi dinar. He laughed so hard he lost his breath. He said that's the biggest scam since Bernie Madoff and he said that he and the other wealth managers received an in house memo from corporate that the Feds have launched an investigation into the Iraqi dinar and that indictments are coming for currency dealers and their minions who sell and pump the dinar. He said stay away from the Iraqi dinar unless you want to be subpenoed to testify before a federal grand jury. He also said the IRS is looking into the currency dealers who sell the dinar. That's all I had to hear. The IRS is more relentless than the FBI. They can seize your assets, any assets you have in trusts, bank accounts, your house and car. The storm is coming. All these scumbags who perpetuate 
*****
TNT Member Artneto: 
I truly believe that we are close. There may be more issues and details to work out until we see it, but we should be there.

Earlier this afternoon someone in chat said that a friend exchanged Iraqi bonds - not currency - at a bank in Florida. The rate was over $3….He was clear that it was bonds that were exchanged and that it was in Florida.

TNT TIDBIT, 8 AUGUST

Jim32:  Well, the lady on the call last Wednesday said her " In the Know " friend told her today would be our day. Lets hope her " In the Know " is right. If not, we will simply wait somemore

Readitnow:  Good morning, yada. Is this our week?

Yada:  much has transpired that involves running a country that isnt in our preview because we are the branches of a tree to receive the sap from the root,,,we will bear the hanging fruit but bottom line…..There is no reason to not see this RV Now

In the business of running a government, not every thing they do is related or tied to the release of their country,,much is scheduled to take place before, during and after the RV and the after part we will not concern ourselves with

So to answer your question: Yes, I believe in this week!

And to address the few who say "just forget about this and live your life" ,,there is a medium between that stance and maintaining an expectation that is true. The former view is what many do who have not invested in the RV,,the latter is what gets us up and gives us hope for a brighter day,,,,,,"Hope deferred makes the heart grow weary"

Harambe:   CNBC: Oil prices slide from 9-week highs as market looks to producer m​eeting https://www.cnbc.com/2017/08/06/oil-steady-near-9-wk-highs-on-fall-in-​us-drilling-activity.html

Harambe:  Bloomberg: Investors Just Made a Big Bet on Global Growth and a Soft D​ollar https://www.bloomberg.com/news/articles/2017-08-07/investors-just-made​-a-big-bet-on-global-growth-and-soft-dollar

KTFA UPDATE, 8 AUGUST

Don961:  Household wealth in Spain is on the rise.

Monday, August 07, 2017

Spaniards Getting Richer

Recent figures published by the Bank of Spain covering the first quarter of 2017 show household wealth is on the rise.

https://goo.gl/8Av2io
 
Don961:  Monday, August 07, 2017

South Korea’s Per Capita GDP to Overtake Italy in 2018

South Korea’s per capita gross domestic product is expected to edge past Italy’s in 2018, the government predicted Sunday, based on growth forecast data.

https://goo.gl/YLzC5g

 
Don961: Swiss PMI Highest Since 2011

Monday, August 07, 2017

Swiss PMI Highest Since 2011

Saturday’s release of the Swiss manufacturing PMI for July at 60.9, the highest level recorded since February 2011, as well as last Friday’s strong reading of the broad-based KOF Barometer for the same month, both continue to signal increasing cyclical momentum for Switzerland during the current economic upturn driven by the eurozone, cpifinancial reported.

https://goo.gl/NfFpNY

Iobey777:  Wow, Don!! Where are all these countries getting their new found wealth? Just wondering...somethings going on here!
 
************

Don961:  higher oil = catalyst for increased exchange rate within a time framed ?hmmmm

Monday, August 07, 2017

Barclays Optimistic About Brent Prices in Next Quarter

The oil market is expected to see a downward correction this quarter, but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays.
"Prices have moved higher, due to a perfect combination of a favorable macro environment, a seasonal uptick in consumption, continued inventory drawdowns and geopolitical unrest," the note said, CNBC reported.

 "Certain factors that supported prices in July are unlikely to last and we expect a downward correction during this quarter."

The report, however, forecasts Brent prices going up to $54 a barrel in the last three months of the year, based on continued inventory draws, OPEC discipline and the ongoing decline in output in Venezuela.

The report added that during the recent market rally, prices moved higher because of a paring back of selling positions, rather than new buying trades entering the market.

"Fundamentals remain shaky this quarter, therefore any rally that occurs before more substantive inventory draws would be short-lived."

Oil markets traded lower in Friday's session, with US crude remaining below $50 per barrel, restrained by rising output from the US as well as producer club OPEC. Both Brent and WTI are down more than 9% since the start of the year and close to 20% over a 12-month period.

A number of analysts have predicted oil prices to go back up this year. RBC Capital Markets' Helima Croft told CNBC earlier this week that there is very high probability Venezuela's state oil company will default and bring about a steep jump in crude prices.

"I think that's going to be the biggest geopolitical story to watch in the oil markets," said Croft, RBC's global head of commodity strategy, on Tuesday's "Trading Nation." "The question is how fast does Venezuela fail?"

Croft expects this could be a catalyst pushing oil prices to $70-80 a barrel by fall. The Trump administration imposed sanctions on Venezuela, one of the world's top crude producers, last week as political turmoil continued to cause chaos and the country runs out of cash.

According to Reuters, the US is still considering broader sanctions against Venezuela's oil industry, which could hit the country's economy that is heavily-dependent on oil.

The country's economy is almost completely at the mercy of the oil industry, as it contributes around 95% of the country's exports. However, falling investments in the industry have made it less profitable and productive.
 
https://goo.gl/uHDVXa
 
************

Don961: IRAN:   The longstanding plan to adopt a “managed floating rate” failed due to what officials refer to as lackluster international ties.

Monday, August 07, 2017
 
CBI Renews Pledge to Unify Forex Rates

The top policymaker at the Central Bank of Iran has promised to unify the country’s dual foreign exchange rates soon
 
With the key promise of unifying the country's dual exchange rates lying dormant during President Hassan Rouhani's first term in office–despite frequent pledges to do so–the Central Bank of Iran's top policymaker says the issue has not been finalized and will be pursued during the administration's second four-year term.  

The longstanding plan to adopt a "managed floating rate" failed due to what officials refer to as lackluster international ties. The setback disappointed the country's private sector and leading business figures who had hoped for a single exchange rate regime after the country had reverted to multiple rates when sanctions targeting the country's nuclear program intensified.  
 
"Based on our plans, the unification of foreign exchange rates will be implemented early in the new government," CBI Governor Valiollah Seif said in a late night interview with the state TV.

He and several other high-ranking officials had projected that the rates would be unified by the end of the previous fiscal year in March, following the implementation of Iran's nuclear accord with world powers, which promised vastly improved prospects for the Iranian economy.

However, as Seif concedes, it has taken much longer than anticipated for the Iranian banking system to reconnect with major international counterparts, effectively preventing the rate unification.

"We thought that following the nuclear deal, our banking ties would once again stand at a suitable level and we can unify the rates, but the plan is yet to be implemented because it has been delayed as a result of a lack of international ties," he said.

The CBI chief pointed to the position of Iran with regard to the Financial Action Task Force, the global standard-setting body on combating money laundering and financing of terrorism, which in late July voted to extend the suspension of active countermeasures against Iran indefinitely as it had done a year before.

Seif said the country is continuing measures in line with boosting conformity with FATF standards and predicted that the intergovernmental organization is expected to treat Iran better in its future meetings.

"While there is also a political factor in addition to the technical factor with regard to FATF decisions, our view is technical," he added, echoing past remarks by many top Iranian officials who have condemned lobbying by the US and a number of other nations for Iran to be kept on the blacklist of violating countries.

Inflation

Seif, who also heads the Money and Credit Council tasked with financial decision-making, focused attention on the inflation rate, saying that in light of the fact that point-to-point inflation is experiencing a downtrend and will continue to do so for the next few months, "we will return to single digit inflation rates again".

While the inflation rate stood at 9% at the end of the previous fiscal year, it began to rise during the early months of the current year to go back up to double digits two months ago.

The CBI chief also referred to a major government scheme last year, which mobilized the banking system to allocate 178 trillion rials ($4.6 billion) to ailing small- and medium-sized enterprises.

He noted that the plan will continue this year with another 300 trillion rials ($7.9 billion) earmarked for SMEs while "an additional 200 trillion rials ($5.2 billion) worth of loans have been agreed upon with the Ministry of Cooperatives, Labor and Social Welfare with the aim of supporting job creation".

According to Seif, Iranian banks handed out a total of 5.48 quadrillion rials ($144 billion) in loans last year while their target for the current year to March 2018 was set at 6.71 quadrillion rials ($176 billion).

Shadow Bank Consolidation

The CBI governor also discussed in length the situation of uncertified credit institutions that had absorbed the deposits of thousands of people and created many problems for the banking system.

"The management brass at the Bank Mehr Eghtesad has done well and the lender is supposed to be merged along with Samen and Kosar credit institutions," he said.

Seif reiterated what he had announced days ago that with the last three illegal credit institutions sorted out, the saga of shadow banks has come to an end and referred to it as one of the major achievements of the central bank.

Uncertified institutions had proved a bane for the banking system as lenders were forced to pay higher interests on deposits to match their illegal counterparts.

As Seif noted, an unnamed institution was promising an interest rate as high as 84% to attract deposits.

While lenders now pay interests on deposits at 15% at present, the official pointed out that "about 50-60% of the assets of the banking system are frozen in the form of soured properties and non-performing loans".

Seif pointed to a significant discrepancy between the account of the banking system and the Ministry of Economic Affairs and Finance on how much the administration owes the banks.
While the banking system claims 1.45 quadrillion rials ($38 billion) of arrears on the part of government, the ministry puts the figure at 870 trillion rials ($22.9 billion) by the end of the fiscal 2014-15.

Seif said the huge gap is because the administration has not calculated interest on the arrears or has come up with the figure for the debts at very low interest rates.

https://goo.gl/wSbHRz

Montserrat on the "RV" Beny

WSOMN CHAT, 7 AUGUST

TED1016:
Again we sit here on a bright and early Sunday morning waiting for another week of folks telling us just how close we are as we drift into the following weekend no better off than we are now for all practical purposes while the elite take their vacations that are certainly funded as if they were working and doing the jobs we had elected them to do. Must be nice until you think about who is paying them.

Yep, our nation’s founders must be spinning in their graves when they see how corrupt we have allowed our country to become. The problem is that too few care and the rest of them don’t give a darn. Term limits for all publicly elected officials should be limited to only two terms as is our President. Is that going to happen? I seriously doubt it since graduates from schools don’t even care.

Most Gracious and Heavenly Father forgive us for not standing up and demanding professionalism from our elected representatives. Also for not insisting that our schools and educators teach the Christian principles that our nation was founded on. And last but not least allowing the Cabal take over our banking institutions by printing the fiat money system. None of this happened overnight.

Dear Lord God Almighty wake up our nation so that we all may see and call out corruption where it breeds. In our homes, our schools, our work place, and worst of all in our government. The reason for the delay of the GCR/RV is due to our inability to control our government and our people. Can You Lord ever forgive our neglectfulness? Hear our prayers and our confessions. Amen and Amen

Rest easy tonight my dear friends and work at maintaining your composure when you are faced with the opposition that wants to discredit our beliefs and our faith. There is still a chance for us to save our nation but it will take a lot of hard work and dedication to our goals. Your destiny and the Blessed Holy Trinity await your decisions. Give it your best shot.




 

#WSOMN0629 We seem to be at a standstill. RV is a moving target. Not optimistic about August. September? It will happen but when?


 

so ab said nothing in august.....wow.....i really dont even know what is going to happen tomorow but he knows the next 25 days or so.....must be nice to see into the future........lol


#WSOMN0629 On the bright side for all you Mom's school is starting soon and for Dad's football season is almost here!!!!! It's about time!


 

#WSOMN0629 Opportunities in life come infrequently. Go to http://www.waszupp4u.ning.com to see if this one is for you. Sign in is required.


 

It's done, and there is nothing we can do to speed it up. The most positive International sign this week to me was Ireland buying those Iraqi Bonds. Baby Steps - but we are getting there. Live Like It's Not Happening - Rejoice When It Does


TOOLFAN - MY INFO IS BASED ON WHAT I AM HEARING AND WHAT I AM NOT HEARING. MY SOURCES DO NOT INCLUDE FRANK, BRUCE ETC. I UNDERSTAND YOUR INTO THE FUTURE COMMENT BUT TRUTH BE TOLD THAT IS WHAT EACH AND EVERYONE OF YOU EXPECT FROM ME AND ALL OF THE INFO PROVIDERS. AND I AM NOT DISCOURAGED OR DOWN FOLKS. THIS IS JUST HOW IT IS AND HAS BEEN FOR THE LAST 12 YEARS. I HAVE GOTTEN USED TO IT.


got it.....i also do not use any of those people....i have spent alot of time and money and visited attorneys that are paymasters and have a very good angle on this.....it does move but i , myself , am not going to ever rule out anything in this d world right now....i have been in since 2004 and i will keep going....thanks for what you do.


 

Notice hardly anyone posts responses in Recaps anymore. Peeps are glazed over with the same 'ole same 'ole regurgitated recycled hype. I should think only newbies get excited about anything in d-land these days.


 

SNICKERS. WHAT CAN I SAY. MANY OF THE GURU'S JUST FOLLOW EACH OTHER AROUND.


Sunny That appears to be accurate. The cc's are mostly without any substance. Just mostly time-filling fluff. One wonders why they even bother sometimes, except, of course, they're selling products.


 

Back in May I told my son that I would be able to help with my grandson's college payment believing surely the RV would happen in June or July since everyone at that time was saying words like real close, now we are not even halfway through August and ADMIN is saying September or even later. Definitely does not make my day.

Each morning I try to leave the room with simple words of encouragement for our members along with my own thoughts, I never know what I am going to say until I sit down and start to write 30 minutes prior to the post. I need to go into a deep prayer session now and hope I find the right words to say. True or not ADMINBILL really dropped a bombshell on the room.


Admin said based off what he's hearing and not hearing he's uncertain about August and questioned other months as well. If most in the know have been told to shut up or else, what would we expect to be hearing right now from Admin?


 

I'm not disappointed months ago I put my focus to Oct but if it came sooner that would be great this way I wouldn't be riding the roller coaster


 

You think they are going to give him a window to convey to us when we are not supposed to know? If there's no more intel it's for a reason. We are at the end. What are people expecting Admin to tell them; it's happening tomorrow. If that's the case, listen to Yosef!


As a matter of fact, if you read Yosef's latest SITREP in DC, some of the timing things he speaks of is in line with Admin's. Confusion. Imagine that! Those that need to pray, should do so, but do know that whatever God you serve has already determined the date, time, rates and who will be involved. No prayer or personal circumstances will change that! I'm blessed to be chosen to participate!


 

AND I AM NOT DISCOURAGED OR DOWN FOLKS. THIS IS JUST HOW IT IS AND HAS BEEN FOR THE LAST 12 YEARS. I HAVE GOTTEN USED TO IT. IT IS BEST TO NOT COUNT OUR EGGS BEFORE THEY ARE HATCHED BASED UPON REPORTS FROM THE SAME PEOPLE AD NAUSEA FOR THE PAST YEAR. IF IT COMES SOONER SO BE IT AND IF NOT WE CAN HANDLE IT.


 

Part 1 ADMINBILL I learned some things about the “Eastern Mind” when I moved my family to the MidEast some years back to form a Foreign Corporation and do business there........everything was obstruction and impossibility thinking, not because I was an American, rather the awkwardness of their process

Part 2 They do not think like us, and why should we believe they would? I have done 6+ start-ups and every time it's different. Every state in the US has it's own brand of logic....if you look closely at the tax codes you can see not everyone is dealing from the top of the deck. If indeed the GCR is Iraqi-centric, EXPECT it to be like herding cats....better done by leading with a fish than switching with a willow branch!


 

Part 1 A typical Eastern business luncheon: It's a cultural thing I was driven to a garden restaurant with the South Korean Business Attache, a Palestinian businessman, 2 local multi-millionaires; one being our host. Each person had a personal waiter and some 15 +/- dishes were served.


Part 2 During the course of lunch the Palestinian held his fork to my mouth and fed me a bite, a covenant of salt was activated at that moment. Lovely surroundings, convivial exchanges....... and NO business was discussed. That is a business meeting. Actually I enjoyed it. Later that evening I was invited to stay the night at my hosts' farm; servants prepared our dinner from the products of his land.


 

Part 3 He spoke of the 10,000 trees he had planted, his wheat, poultry....everything we ate he produced In this way he showed me his wealth and ability to perform any deals we began. This was only a minor slight, as he would have expected me to reciprocate in a like manner proving I was worthy to deal. The Eastern way my friends, is not our way.....if you watch for signs you will know EXACTLY what they think of you.


 

FOR THOSE FOLLOWING THE OPPORTUNITY PRESENTED YESTERDAY THE IS A CONFE​RENCE CALL SCHEDULED FOR TOMORROW EVENING. HERE IS THE LINK. PLEASE IG​NORE IF YOU ARE NOT INTERESTED. https://waszupp4u.ning.com/blog/important-monday-conference-call


 

Not good! Intel dried up, chat dried up


It's good that Intel has dried up. The PTB have told those in the know to shut up. The only person providing intel without substance is Y. According to him it's happening every second of every minute of every day