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Charlie Echo

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About Charlie Echo

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  • Birthday March 26

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  • Biography
    Commercial Insurance Agent/Farmer
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    Farming, Family
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    Risk Aversion

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  1. Charlie Echo

    Sean Hannity caller on the Dinar from 2010

    Basel III Share What is 'Basel III' Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. The Basel Committee on Banking Supervision published the first version of Basel III in late 2009, giving banks approximately three years to satisfy all requirements. Largely in response to the credit crisis, banks are required to maintain proper leverage ratios and meet certain minimum capital requirements.
  2. Charlie Echo

    Wednesday updates

    I resemble that short video... Ha!!!
  3. Charlie Echo

    Wednesday updates

    Saw this after Cranan post... Very interesting.
  4. Charlie Echo

    Wednesday updates

  5. MGM is in crisis as hundreds of Las Vegas shooting victims accuse the Mandalay Bay of missing red flags "If Congress isn't regulating gun ownership, it is going to be private parties ... who end up regulating their own premises," Feldman said. The hotel industry has no national standards for security, and hotels aren't typically held accountable for guests' behavior. But if any of the hundreds of victims suing Mandalay Bay win their case, it could set a new precedent for the way hotels handle security. Why has this story been kept so quiet.... It is right in front of us folks... Gun control or More control put in place in our country... Black Ops , False Flag operation...
  6. BAGHDAD (Reuters) - Iraqi forces announced on Thursday they had captured Islamic State’s last stronghold in northern Iraq, leaving the militant group holed up near the Syrian border as its self-proclaimed “caliphate” shrinks further. The town of Hawija and the surrounding areas fell in an offensive by U.S.-backed Iraqi government troops and Iranian-trained and armed Shi‘ite paramilitary groups known as Popular Mobilisation. Some fighting took place to the north and east of the town where the militants were surrounded. With the fall of Hawija, which lies near the Kurdish-held oil city of Kirkuk, the only area that remains under control of Islamic State in Iraq is a stretch alongside the western border with Syria, where the militant group is also in retreat. The capture of Hawija was a boost for the Iraqi government, which faces a separate crisis in the north of the country, where the Kurdish minority last month voted overwhelmingly in support of independence for their autonomous region. In Hawija, state TV showed footage of Iraqi forces raising flags in one of the town's squares while Humvees patrolled empty streets littered with car wrecks, houses riddled with bullets and shattered storefronts. (Graphics on 'Iraqi Kurds' independence push' - here) “The army’s 9th armored division, the Federal Police, the Emergency Response division and ... Popular Mobilisation liberated Hawija,” said a statement from the joint operations commander, Lieutenant-General Abdul Ameer Rasheed Yarallah. Thick black smoke rose from areas surrounding Hawija, from oil wells set on fire by the militants to prevent air detection. The capture of Hawija brings Iraqi forces into direct contact with Kurdish Peshmerga fighters who control Kirkuk, a multi-ethnic region claimed by both Baghdad and the Kurdistan Regional Government (KRG). Kirkuk shaped up as a flashpoint last month when the KRG included the city in the referendum on Kurdish independence in northern Iraq. “We don’t want any aggression or confrontations but the federal authority must be imposed in the disputed areas,” Iraqi Prime Minister Haider al-Abadi told a news conference in Paris with French President Emmanuel Macron. Macron offered to mediate between the Iraqi government and Kurdish regional authorities, and promised to maintain a military presence there until Islamic State was defeated.
  7. Kurdistan 92.73% ‘yes’ for independence: preliminary official results People of Kurdistan headed to the polls on Monday, September 25, despite the opposition of the regional and international countries. Photo: AFP/Safin Hamed ERBIL, Kurdistan Region – An overwhelming majority of the people of Kurdistan have voted for independence, the election commission announced on Wednesday, releasing preliminary figures that 92.73 percent of voters cast ‘yes’ ballots. Out of 3,085,935 valid ballots, 2,861,471 votes were for independence and 224,464 were against, 7.2 percent. The electoral commission announced that 79,379 votes were spoiled and a further 170,611 were disregarded after reviewing complaints. The figures also include e-votes cast by the diaspora. Handren Mohammed, the head of the commission, told reporters that the process was “successful” and international observers who witnessed the “historic” vote have testified that it was held in a proper way. He said the results will be considered final when approved by the Kurdish Court of Appeal. The electoral commission has not yet released a breakdown of the votes by cities and provinces. Iraq Deploys Troops To Kirkuk After Kurdistan "Yes" Vote; Turkey Threatens Blockade Immediately on the heels of the Iraqi Kurdistan "yes" vote, the Iraqi parliament approved sending troops to the disputed Kirkuk region to prevent the Kurdistan Regional Government (KRG) from taking full control of the oil-rich area. Preliminary official results out Wednesday indicate a 92% vote in favor of Kurdish independence. A written statement produced by Baghdad said the decision aims to protect Iraqi citizens residing in the contested area between Baghdad and Erbil. But the decision is also no doubt motivated by protection of Kirkuk's multiple oil and gas fields, which Baghdad has now ordered the KRG to hand over, including all other oil facilities throughout northern Iraq. The KRG held its deeply controversial referendum on Kurdish independence Monday, which as expected resulted in a "yes" vote to declare the autonomous Iraqi region a new state. Kurdish leader Masoud Barzani announced the results of the referendum on live TV Tuesday, while attempting to ease tensions by urging "serious dialogue" with the Baghdad government instead of threats of sanctions and troop presence. Barzani further warned Iraqi Kurds of "facing hardships" while also pleading with world powers to “to respect the will of millions of people”. Currently, Israel is the only country which has voiced public support for Kurdish independence - something which has earned the condemnation of Turkey, Iran, and others in the region. Israel stands accused of using the Kurds of to Balkanize Iraq and the broader Arab region. Turkey for its part has come close to warning Israel that it could cut diplomatic ties should Israel continue in its public support of an independent Kurdistan. This week Turkish President Recep Tayyip Erdogan warned, “If they do not review, we cannot take a lot of steps that we were about to take with Israel” - to which Israeli lawmakers responded that such threats were "empty". Kurdish-Iraqi disputed regions of Iraq. The tan areas are disputed but are officially under the control of the Iraqi government. The pink sections are disputed but part of the KRG since 1991. Map source: Wiki Commons But Erdogan had more direct and harsher words for Kurdish leadership, saying in a televised speech Tuesday that, "If Barzani and the Kurdish Regional Government do not go back on this mistake as soon as possible, they will go down in history with the shame of having dragged the region into an ethnic and sectarian war." While referencing what appears to be an emerging Israeli-Kurdistan open alliance and mutual support, Erdogan further stated, “Who will recognize your independence? Israel. The world is not about Israel. You should know that the waving of Israeli flags there will not save you.” Both Iran and Turkey have amassed troops and significant military hardware along their borders with Kurdistan, including tanks which are participating in war games as a show of force. Iraqi troops have reportedly joined Turkish troops in conducting joint military exercises in the region. As we previously reported, Iran immediately closed its airspace to the two international airports located in territory administered by the KRG, and Baghdad has demanded that these be handed over as well. The Baghdad government has further declared closure of airspace over Kurdish northern Iraq, prompting some regional carriers to indefinitely suspend flights into Erbil. Lebanon's Middle East Airlines (MEA) was the first to announce it would be suspending flights "until they solve the issue." And Royal Jordanian, FlyDubai, Turkish Airlines and EgyptAir are among the latest to join the growing list. Iraqi PM Abadi has given the KRG three days to surrender not only the airports, but all land crossings as well. Border crossings into Syrian Kurdis areas of Syria have reportedly been kept open by the KRG and/or Kurdish militias administering the crossings. Image source: Iraq Energy Institute But more significant is Turkey's threat of blockade on the region. Kurdistan's Ministry of Trade and Industry estimates business exchanges with Turkey and Iran exceed $10 billion per year. Kurdistan imports 95% of its agriculture needs from Turkey and Iran and depends on Turkey to export its oil. Turkey has long been a key economic and trade lifeline to landlocked Iraqi Kurdistan. By the numbers, the KRG controls over 20% of Iraqi oil (Iraq produces around 4.35 million barrels per day and Kurdistan 900,000 b/d), its energy reserves are estimated around 45 billion barrels of oil and 150 trillion cubic meter of gas, and it exports around 600.000 b/d via Turkey. Oil has long been the source of dispute between Baghdad and Erbil, and is especially contested when it comes to fields along the conventional disputed "borders" of Kurdish Iraq, of which Kirkuk is part. Kirkuk fell under the control of Kurdish forces in 2014 after ISIS took control of large swathes of the country. As ISIS was defeated and retreated from some areas, Kurdish Peshmerga fighters moved in. On Wednesday Abadi told Iraqi lawmakers that that he will “enforce the rule of the federal authority in the Kurdish region with the power of the constitution,” while adding that he doesn't want “a fight between the Iraqi citizens.” Though Baghdad has signaled on multiple occasions that it will avoid military confrontation and has "ruled out use of force" while seeking dialogue, it is unclear what will actually happen once Iraqi and Kurdish forces attempt to maintain control of the same disputed city. In the meantime Baghdad has formally requested that the KRG rescind the referendum - something unlikely to happen - and has warned that meaningful dialogue would not be possible until such a step be taken.
  8. If you can read a chart... enough said... There's nothing fancy here, just the basics of moving averages, RSI, stochastics and MACD. There's not much to encourage Bulls in the daily chart: every attempt to regain the support of the 20-day moving average has failed, and triggered another leg down. RSI and stochastics are oversold, but as this chart illustrates, oversold conditions can continue for quite some time. MACD may be setting up the beginnings of a divergence/reversal, but maybe not. At this point, betting on a reversal might be a case of catching the falling knife. The weekly chart is even more dramatic. Judging by the steep decline this year, the world is ending--at least for the USD. RSI is oversold for the first time in 2+ years, stochastics have been deeply oversold for months, and MACD is in a cliff-dive that could end in a belly-flop. The only shred of bullish hope is the decline has finally reached key support/resistance at the 200-week moving average (MA) around 92, a level that also happens to be support going back 2+ years. A definitive plunge below this support would suggest the freefall has more to go, while a defense of this level would offer some initial stirrings of support for an eventual reversal. A quick glance at the open options a couple months out on the USD ETF, UUP, finds significant volumes clustered around strike 24 puts--bets UUP will drop below its current level around 24-- and strike 25 calls--bets that the USD will recover in a sharp rally. Punters seem well-positioned to hedge a big move up or down--just what we'd expect after months of steep decline to a key support zone. Is the Eurozone economy and banking sector fixed, and all the EU political tensions resolved? Is the Eurozone doing much better than the U.S. on all fronts? The sharp gains in the euro seem to suggest so. Skeptics might want to keep an eye on the USD charts for a market-sentiment read of these political-social-financial trends.
  9. John Embry: “One issue that is being discussed with greater frequency, although never mentioned in the mainstream media, is the subject of de-dollarization. Stephen Leeb has done an excellent job discussing the subject. However, the true ramifications of this for the Western world cannot be understated. The U.S. has benefitted enormously from their privileged position of providing the world’s reserve currency since the Bretton Woods agreement in 1944. The U.S. has abused this privilege terribly, living far beyond its means while flooding the world with increasingly more worthless U.S. dollars. But the rest of the world is waking up to this unpleasant reality and taking steps to address it. When the U.S. dollar loses its status as the world’s reserve currency, and that day is rapidly approaching, the implications for the vastly over-indebted bottom 75 percent of the American public are horrifying. At least half the population is already living day-to-day, with a virtual inability to meet an unexpected expenditure and absolutely no retirement savings to speak of. Thus, the Western central banks are working overtime, in unison, to extend the current fantasy as long as possible. Interest rates are being held at ridiculously low levels, which are totally at odds with the rapid debasement of all global fiat currencies. Stock markets are being supported at historically overvalued levels. And real estate continues to be a major beneficiary of these developments. When this ends, and it most assuredly will, the living standards in the West will be devastated, and then we will find out how well Western society holds together. As part of this whole exercise, gold and silver are being relentlessly suppressed in the paper markets in London and the United States. You could see the recent takedown coming as Open Interest on the Comex grew relentlessly as the bullion banks, who are acting as agents for the Western central banks, shorted enormous quantities of paper contracts in order to halt the rally. At the same time, they trotted out their agents in the media and elsewhere to spread their usual disinformation. But the Eastern hemisphere is on to this fraud being perpetrated by the Western central banks and they are relentlessly buying physical gold, while rapidly taking steps to dethrone the U.S. dollar. When the dollar is finally dethroned, investors who have large physical gold and silver holdings as well as their respective shares will be the ones who survive because these assets will be one of the few ports in a violent financial storm.” One must ask the question. If the US dollar is decreasing in value, how does this effect the realation or valuation of the IQD. After all, questions sometime are more important than answers. Charlie Echo
  10. Charlie Echo

    Collapse Of The Currency Or Is CBI Hiding Something?

    Has Iraq Stopped Cheating On The OPEC Deal? OPEC’s no.2 Iraq is currently producing 4.32 million bpd of oil, below the 4.351 million bpd ceiling it had pledged in the production cut deal, Iraq’s Oil Minister Jabbar Al-Luaibi said on Friday, in what is the first sign that one of the worst-compliant producers so far may have finally started to stick to its commitment—a couple of months after the original agreement was set to expire. Despite Iraq’s optimism, its central government doesn’t yet have the full picture of the oil exports of the Kurdistan Regional Government, Al-Luaibi said after meeting with Russia’s Energy Minister Alexander Novak in Moscow. Iraq’s oil exports are up to 3.23 million bpd, Al-Luaibi told reporters, adding that Kurdish crude exports are at between 300,000 bpd and 350,000 bpd. According to data on tanker traffic compiled by Bloomberg, total exports from Kurdistan—including production of some fields in the region that are governed by the central government—averaged 581,000 bpd in August, up by 31,000 bpd over July and the highest since May. Iraq was the worst compliant producer in the first half of 2017, with output averaging 69,000 bpd over its quota between January and June, according to S&P Global Platts OPEC survey—which is one of OPEC’s secondary sources. Concerned with slipping compliance, OPEC held a meeting with some of the producers in early August and cited its members Iraq and the UAE, as well as non-OPEC signatories to the deal Kazakhstan and Malaysia, as laggards in compliance. Now Iraq is telling the market that it not only complies, but exceeds its compliance rate, and “is really committed” to the deal, according to Al-Luaibi’s remarks in Moscow today. Related: Russia’s Comeback In The LNG Race Referring to a possible extension of the cuts beyond the current end-date of March 2018, the Iraqi oil minister reiterated the position of other officials of OPEC’s heavyweights—it’s too early to discuss it now and a decision whether to further extend the pact will be made in November. The oil market is moving in the right direction towards rebalancing, but all options, including extending the cuts beyond March 2018, are left open, the joint OPEC/non-OPEC committee set up to monitor compliance with the cuts and the state of the oil market said last week.
  11. Charlie Echo

    Collapse Of The Currency Or Is CBI Hiding Something?

    China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass U.S. sanctions by trading in yuan, according to Nikkei Asian Review. To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible in gold on the Shanghai and Hong Kong exchanges. Last month, the Shanghai Futures Exchange and its subsidiary Shanghai International Energy Exchange, INE, successfully completed four tests in production environment for the crude oil futures, and the exchange continues with preparatory works for the listing of crude oil futures, aiming for the launch by the end of this year. ? “The rules of the global oil game may begin to change enormously,” Luke Gromen, founder of U.S.-based macroeconomic research company FFTT, told Nikkei Asia Review. The yuan-denominated futures contract has been in the works for years, and after several delays, it looks like it may be launched this year. Some potential foreign traders have been worried that the contract would be priced in yuan. ...........
  12. A new report from Amnesty International suggests that companies including Apple, Samsung and Sony are profiting from child labor in Africa — and no one should be surprised. It’s been public knowledge for years that electronics are stuffed with minerals that come from the Democratic Republic of the Congo, a war-torn place rich in must-have materials that are rarely found elsewhere. Less well-known, however, is how these sometimes blood-soaked metals move from the DRC into the supply chains of some of the world’s richest and most powerful tech companies. While these companies carry considerable influence and are aware of the controversy surrounding their supply chains, a number of complicating factors make it difficult — if not impossible — for them to solve the problem of child labor. ...... This is why all the bleeding heart liberals want to save the planet by buying a battery powered car... but never mind the children. hypocrites.
  13. Charlie Echo

    Abadi...Reform By End Of Week.

    Iraq’s PM Hails Victory over ‘Brutality and Terrorism’ in Mosul With that being said.... one brick at a time... hurry up and wait.
  14. Charlie Echo

    Adam Montana Weekly 5 July 2017

    As corruption runs rampant, hope dimmers for Iraq's future
  15. Charlie Echo

    Gold is real money.

    It’s an unfortunate historical anomaly that people think about the paper in their wallets as money. The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money. Now, why do I say that? Historically, many things have been used as money. Cattle have been used as money in many societies, including Roman society. That’s where we get the word “pecuniary” from: the Latin word for a single head of cattle is pecus. Salt has been used as money, also in ancient Rome, and that’s where the word “salary” comes from; the Latin for salt is sal (or salis). The North American Indians used seashells. Cigarettes were used during WWII. So, money is simply a medium of exchange and a store of value. By that definition, almost anything could be used as money, but obviously, some things work better than others; it’s hard to exchange things people don’t want, and some things don’t store value well. Over thousands of years, the precious metals have emerged as the best form of money. Gold and silver both, though primarily gold. There’s nothing magical about gold. It’s just uniquely well suited among the 98 naturally occurring elements for use as money…in the same way aluminum is good for airplanes or uranium is good for nuclear power. There are very good reasons for this, and they are not new reasons. Aristotle defined five reasons why gold is money in the 4th century BCE (which may only have been the first time it was put down on paper). Those five reasons are as valid today as they were then. When I give a speech, I often offer a prize to the audience member who can tell me the five classical reasons gold is the best money. Quickly now—what are they? Can’t recall them? Read on, and this time, burn them into your memory. Money If you can’t define a word precisely, clearly, and quickly, that’s proof you don’t understand what you’re talking about as well as you might. The proper definition of money is as something that functions as a store of value and a medium of exchange. Government fiat currencies can, and currently do, function as money. But they are far from ideal. What, then, are the characteristics of a good money? Aristotle listed them in the 4th century BCE. A good money must be all of the following: Durable: A good money shouldn’t fall apart in your pocket nor evaporate when you aren’t looking. It should be indestructible. This is why we don’t use fruit for money. It can rot, be eaten by insects, and so on. It doesn’t last. Divisible: A good money needs to be convertible into larger and smaller pieces without losing its value, to fit a transaction of any size. This is why we don’t use things like porcelain for money—half a Ming vase isn’t worth much. Consistent: A good money is something that always looks the same, so that it’s easy to recognize, each piece identical to the next. This is why we don’t use things like oil paintings for money; each painting, even by the same artist, of the same size and composed of the same materials is unique. It’s also why we don’t use real estate as money. One piece is always different from another piece. Convenient: A good money packs a lot of value into a small package and is highly portable. This is why we don’t use water for money, as essential as it is—just imagine how much you’d have to deliver to pay for a new house, not to mention all the problems you’d have with the escrow. It’s also why we don’t use other metals like lead, or even copper. The coins would have to be too huge to handle easily to be of sufficient value. Intrinsically valuable: A good money is something many people want or can use. This is critical to money functioning as a means of exchange; even if I’m not a jeweler, I know that someone, somewhere wants gold and will take it in exchange for something else of value to me. This is why we don’t—or shouldn’t—use things like scraps of paper for money, no matter how impressive the inscriptions upon them might be. Actually, there’s a sixth reason Aristotle should have mentioned, but it wasn’t relevant in his age, because nobody would have thought of it…it can’t be created out of thin air. Not even the kings and emperors who clipped and diluted coins would have dared imagine that they could get away with trying to use something essentially worthless as money. These are the reasons why gold is the best money. It’s not a gold bug religion, nor a barbaric superstition. It’s simply common sense. Gold is particularly good for use as money, just as aluminum is particularly good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear power plants, and paper is good for making books. Not money. If you try to make airplanes out of lead, or money out of paper, you’re in for a crash. That gold is money is simply the result of the market process, seeking optimum means of storing value and making exchanges.

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