docneedles

I agree! Thats why i had the date AND time stamp on this. It changes by the hour. And on tv they report that Maliki is in Tehran, meeting with Supreme Leader Ali Kamenehei to discuss the political and security situation in the region and the world. Who knows what is going on.

Maliki will not return to Baghdad and Tehran acquitted even send a senior delegation to gain "immunity" Posted 18/08/2015 10:31 AM Iraqi political sources said that Vice President article Nuri al-Maliki who is currently in Tehran, "will not return to Iraq only after Tehran reached an agreement with Prime Minister Haider al-Abadi guaranteed not to display it to eliminate any charge was." The newspaper "Okaz" Saudi Arabia, pointed out that "Tehran has sent secretly to Baghdad for this purpose, the commander of the Qods Force of Iran Qassem Soleimani, accompanied by high-level political and religious delegation to accomplish this task as soon as possible." The sources confirmed that al-Maliki discuss in Tehran how to deal with reform measures which tries Abadi application and obtain guarantees believes not legally held accountable for corruption files that implicated them. http://altahreernews.com/inp/view.asp?ID=28074

yep, for 3 years, Kaperoni has said it will be a managed float, not an RV. He backs his position from a 2013 Article 4 Consultation document.

The CBI is telling business and local banks to stop doing business with Iran. The main reason why is that Iran is trying to pump US dollars into Iraq because they know that Iraq is trying to add value to the dinar. Iran knows one of the tools to keep the value of the dinar down is the US dollar. It's a back door confirmation of what the intent is of what Iraq wants to do. They are cutting Iran off at the knees. It's one thing if the CBI can scoop up those dollars and put them into the reserves. That's a good thing but there is so much that they're having a problem with it, and it will keep the value of the dinar down if they don't tackle it.

Thug, I don't think Luigi will ever properly label. He sub titled this smart cards. His delusional editorial. Again Thug, Luigi pulled a quote from Tony's chat. Luigi pulls a couple of lines from it and then puts his lying spin on it. Luigi, the guru should quit this site and stay on Tony's where he fits in perfectly. Below is the chat SO DID THE IRAQI'S GET PAID TODAY? 8/15, AB (Already Blessed is a moderator on Tony's site who kicks people off) SAYS.... SassyD wrote RayRen said it's been 'reported' that they got paid. ..... He always likes three confirmations before claiming as 'fact' !! ALREADY BLESSED wrote JUST TALKED TO TONY AGAIN TO VERIFY THIS - WE ARE GETTING CONFLICTING INFO ABOUT IRAQI'S BEING PAID !!!! Then RayRen saw the post and here is his update: UPDATE from TNT: Al.... some guy came into chat yesterday..... stated that RayRen had reported that the Iraqi's had been paid. ..... I posted the following.... SassyD wrote RayRen said it's been 'reported' that they got paid. ..... He always likes three confirmations before claiming as 'fact' !! .... Ab even posted my exact post up in the forum and said she have talked to Tony and conflicting info was coming in. .. Then some jerk re-posted my post on DD or some other site. RayRen saw the posting on DD or somewhere.... thought I was saying he said as fact but was in fact taken totally out of context ! Al.. quite the opposite.... the drive-by poster that came into chat stated it as a RayRen FACT..... the chat was going bananas..... I posted to clearify that it was NOT considered a FACT by ReyRen.

But the volatility in the normally unusually stable unit has raised concerns, and Bloomberg News reported on Wednesday that the central bank had intervened in the market to prop it up. This one sentence is very telling. For 2 days, China has said this is a correction (like Iraq and their program rate of 1166 and their market rate of 1222 (close of biz 8 -13 rate) China is the 2nd largest economy in the world. If this was a slight correction as the communist government of China is reporting, why did the central bank intervene? What are your thoughts Christine Legarde?

http://www.theguardian.com/world/2015/aug/13/china-devalues-yuan-for-third-straight-day-adding-to-fears-of-currency-war So how can China become a world reserve currency if they they keep devaluing their currency. China devalues yuan for third straight day, adding to fears of currency war Central bank weakens currency further by 1.1% after previous official cuts that put global financial markets on edge The People’s Bank of China on Thursday set the midpoint rate at 6.4010 per US dollar prior to market open, weaker than the previous fix of 6.3306. Photograph: Zhang Chunlei/Xinhua Press/Corbis Staff and agencies in Shanghai Wednesday 12 August 2015 23.35 EDT Last modified on Thursday 13 August 2015 02.25 EDT China cut the reference rate for its currency for the third straight day on Thursday, after the surprise devaluation of the yuan this week unsettled global financial markets. The central bank put the yuan’s central parity rate at 6.4010 yuan for US$1, the China Foreign Exchange Trade System said, a drop of 1.11% from the previous day’s 6.3306. It was also lower than Wednesday’s close and comes after China adopted a more market-oriented method of calculating the currency rate in a move widely seen as a devaluation. The cuts have put financial markets on edge, sparking worries of a “currency war” as other countries feel pressure to devalue and raising questions about the health of the world’s second-largest economy, where growth is already slowing. A market expert explains the devaluation. Link to video European stock markets in London, Frankfurt and Paris closed lower on Wednesday on worries China’s economy is struggling more than previously thought. But US stocks overcame early weakness and finished mostly higher. Asian markets were mixed on Thursday but China’s benchmark Shanghai index was up 0.74% by mid-morning. China keeps a tight grip on the yuan, allowing it to fluctuate up or down just 2% on either side of the reference rate, which it sets daily. The People’s Bank of China (PBoC) on Tuesday announced a “one-time correction” of nearly 2% in the yuan’s value against the greenback as it changed the mechanism. Previously it had said it based the fixing on a poll of market-makers, but declared it would now also take into account the previous day’s close, foreign exchange supply and demand and the rates of major currencies. China stuns financial markets by devaluing yuan for second day running It has since lowered the central rate twice more, and the week’s combined drop is the biggest since China set up its modern foreign exchange system in 1994 when it devalued the yuan by 33% at a stroke. Analysts viewed the move as a way for China to both boost exports by making its goods cheaper abroad and push economic reforms as it seeks to become one of the reserve currencies in the International Monetary Fund’s SDR (special drawing rights) group. But the volatility in the normally unusually stable unit has raised concerns, and Bloomberg News reported on Wednesday that the central bank had intervened in the market to prop it up. PBoC economist Ma Jun said on Wednesday that China could stabilise the yuan through direct market intervention. “The central bank, if necessary, is fully capable of stabilising the exchange rate through direct intervention in the foreign exchange market to avoid [the] herd mentality resulting in irrational movements of the rate,” Ma was quoted as saying by the official Xinhua news agency. He also dismissed the possibility that China was seeking to wage a currency war, saying there was no need as exports were expected to pick up in the second half of the year. “China does not have the need to start a currency war to gain advantage,” he said. Agence France-Presse and Reuters contributed to this report

When this is all said and done, i am hoping someone does an org chart. Before their govt looked like a mishmash of british and american govt together. Now i can't figure it out. I am thinking it will be 3 presidents (no p.m.) and the power at the regional level. Anway, i like that they are doing this because the more positions gone, there is less corruption, less salary, less pension, etc. cleaner government. The tribal leaders are probably racing their camels to Baghdad to protest.

From the news section. meeting postponed until 'further notice'. (next week) cv08/13/2015 14:43 Council of Ministers to postpone the hearing until further notice Cabinet meeting was scheduled for Thursday, was postponed until further notice. BAGHDAD / Obelisk: early detection, Thursday source, the postponement of the Cabinet meeting scheduled for today, until further notice. The source said in an interview with the local media and I followed "obelisk", "The Cabinet meeting was scheduled for Thursday, was postponed until further notice." The source, who asked not to be named, said he "did not know the reasons for the postponement of the hearing." An informed source revealed, first on Tuesday (August 11, 2015), the postponement of the Cabinet meeting to Thursday. The Cabinet held its regular Tuesday of each week, to vote on important laws, and sent to the House of Representatives. 0 Attitudes are contagious..is your worth catching...

What is sad is we are happy that they went to work and did their job. Shall we give them a trophy for showing up?

any thoughts from the group? LGD??

And a Kraft cheese advertisement for free. Sorry about my ability to cut and paste. Just go out to bloomberg and read several articles today. very, very interesting. something is happening.

My comments: Below is an article today from Bloomberg News. China devalued the yuan in the hopes of shortening the gap from their program government rate and the street market rate. There are several great articles on Bloomberg News. Remember Kap always talking about the market rate and program rate have to be within 2% for 2 months before the CBI would change the rate. It shows stability to the IMF and the world. So there is supposed to be big changes in October. There has been talk about China becoming a reserve currency. Is this change today part of a bigger plan to stabilize the yuan and hold it steady for 2 months so it can become an international reserve currency or indicating their weakness due to their slowing economy? Nontheless, by watching what China does gives me a blueprint of what Iraq may do as well. Iraq CBI today 8-11-15: 1166 is the program rate and 1219 is the street rate. Asia Policy Makers Put on Brave Face After China Devalues Yuan Sharon Chen August 11, 2015 — 7:17 AM EDT Australia and South Korea have the region's highest percentages of exports to the mainland Recommended China Rattles Markets With Yuan Devaluation Five Things Everyone Will Be Talking About Today U.S. Stocks Decline With Global Markets as China Devalues Yuan Greenspan: Be Afraid of Pending Bubble in Bond Market Asia’s policy makers pointed to the potential benefits of the biggest devaluation of the Chinese yuan in two decades, playing down the risk of a possible currency war and a hit to their countries’ exports. A weaker yuan should help the world’s second-biggest economy in the longer term, benefiting regional trade, Bank of Thailand Assistant Governor Chantavarn Sucharitakul told reporters on Tuesday. The positive spin echoed reactions from the Philippines to South Korea, while an Indonesian central bank official flagged concern over a weaker Chinese currency. China’s decision sparked a tumble in emerging-market currencies, stocks and commodities, while heightening the risk of competitive devaluations as global demand wanes and policy makers look for ways to regain competitiveness. The devaluation came days after a report highlighted a slump in Chinese exports. “They’re looking at the policy positives,” said Vishnu Varathan, a Singapore-based economist at Mizuho Bank Ltd. “There are downside risks to such a policy, which is not in the interest of any central banker in the region now to jump in and flag as a big red flag yet, lest they be construed as someone priming for a ***-for-tat fight on the FX space.” The devaluation looks to be part of an effort by the People’s Bank of China to move toward a more market-based foreign exchange system, according to an official at the Bank of Korea in Seoul. The move indicates an effort to narrow the gap between the rate set by the PBOC and the level sought by the market, said the official, who asked not to be identified because he isn’t authorized to speak publicly on the matter. China’s central bank Tuesday cut the daily reference it sets for the yuan by 1.9 percent, triggering the yuan’s biggest one-day drop since China unified official and market exchange rates in January 1994. Regional Declines Chinese authorities had been propping up the yuan to deter capital outflows, protect foreign-currency borrowers and make a case for official reserve status at the International Monetary Fund. Tuesday’s announcement suggests policy makers are placing a greater emphasis on efforts to combat an economic slowdown and reduce the government’s grip on the financial system. “This strategy to weaken currency should be viewed as part of monetary easing from external trade perspective in nominal terms, which Indonesia cannot afford,” Nanang Hendarsah, a director at Bank Indonesia, said in a text message in response to questions about the yuan devaluation. The move triggered declines in the currencies of Australia, South Korea and Singapore, whose currency fell the most since 2011. The MSCI Asia Pacific Index dropped 1 percent as a gauge of Hong Kong-listed Chinese companies reversed gains. Most Vulnerable The Korean won, Taiwanese dollar, and Singapore dollar will likely be among the most vulnerable because of their linkages to the yuan, according to Mitul Kotecha, head of Asia Pacific foreign-exchange strategy at Barclays Plc in Singapore. Initial market reaction was due to the weakness of regional currencies including the Philippine peso, Bangko Sentral ng Pilipinas Governor Amando Tetangco said in a mobile-phone message. “Should the adjustment in the yuan, however, become effective in supporting Chinese exports in the near-term, that could help sustain regional trade and in turn, help support global growth,” Tetangco said. The PBOC said Tuesday that a strong yuan puts pressure on exports and cited a high effective exchange rate as a factor behind the devaluation. July’s export slump was deeper than economists predicted, while the nation’s index of producer prices declined 5.4 percent, reports from this weekend showed. “It’s not that China’s economy has kind of hit a wall or growth has slowed sharply all of a sudden, I think it’s more that they’ve decided that the currency needs to be a little weaker,” said Tim Condon, head of Asia research in Singapore at ING Groep NV. “If this is the beginning of a policy of creeping depreciation of the RMB then it’s going to be contagious for the rest of the region.” China Rattles Markets With Yuan Devaluation China devalued the yuan in a move that rippled through global markets, as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy. The central bank cut its daily reference rate by 1.9 percent, triggering the yuan’s biggest one-day drop since China ended a dual-currency system in January 1994. The People’s Bank of China called the change a one-time adjustment and said its fixing will become more aligned with supply and demand. The announcement suggests policy makers are now placing a greater emphasis on efforts to combat the deepest economic slowdown since 1990 and reduce the government’s grip on the financial system. Authorities had been propping up the yuan to deter capital outflows, protect foreign-currency borrowers and make a case for official reserve status at the International Monetary Fund. “The one-off devaluation of the fix and allowing more market-based determination takes us into a new currency regime,” said Khoon Goh, a Singapore-based strategist at Australia & New Zealand Banking Group Ltd. “It looks like this is the end of the fixing as we know it.” The yuan dropped 1.8 percent to close at 6.3231 per dollar in Shanghai. It slid 2.6 percent to 6.3790 in Hong Kong’s offshore trading, the biggest discount to the onshore spot rate since 2011. The central bank allows the Shanghai rate to diverge a maximum 2 percent from its daily fixing, which was set at 6.2298. Global Impact China's devaluation jolted global markets, with the currencies of South Korea, Australia and Singapore falling at least 1 percent amid bets other countries will seek weaker exchange rates to keep exports competitive. Shares of Chinese airlines sank on concern dollar debt costs will rise, while commodities retreated amid speculation yuan weakness will erode the buying power of Chinese consumers. U.S. Treasuries gained on growing demand for dollar assets. “Today’s sudden policy move is a reaction to a significant weakening of China’s export numbers in July and rising deflation risk” Exchange-rate intervention contributed to a $300 billion slide in China's foreign-exchange reserves over the last four quarters. It also made the yuan the best performer in emerging markets, a factor behind last month’s 8.3 percent slide in exports. The yuan’s real effective exchange rate -- a measure that’s adjusted for inflation and trade with other nations -- climbed 13 percent over the last four quarters and was the highest among 32 major currencies tracked by Bank for International Settlements indexes. Market Forces Effective immediately, market-makers who submit prices for the PBOC’s reference rate will have to consider the previous day’s closing spot rate, foreign-exchange demand and supply, as well as changes in major currency rates, the central bank said in a statement. Previous guidelines made no mention of those criteria. “The new fixing will be quoted based on the previous day’s closing, which is a real market level,” said Becky Liu, a Hong Kong-based senior strategist at Standard Chartered Plc. “The band will become the real band. This is a big step, and bolder than we expected.” Tuesday’s devaluation was a one-off adjustment and shouldn’t be interpreted as a sign that the yuan will enter a depreciation trend, PBOC chief economist Ma Jun was cited as saying in a Caixin report. The central bank said it will stabilize market expectations and ensure the new reference-rate mechanism will take effect “in an orderly manner.” Capital Flows China has to balance the need to boost exports against the risk of capital outflows, Tom Orlik, chief Asia economist at Bloomberg Intelligence, wrote in a note. He estimates that a 1 percent depreciation in the real effective exchange rate boosts export growth by 1 percentage point with a lag of three months. At the same time, a 1 percent drop against the dollar triggers about $40 billion in outflows. “The risk is that depreciation triggers capital flight, dealing a blow to the stability of China’s financial system,” Orlik said. China’s leaders may be calculating that they can manage those risks with their $3.69 trillion of foreign currency reserves, he said. A tourist holds 100 yuan bank notes in Beijing, China. Stefen Chow/Bloomberg The PBOC said Tuesday that a strong yuan puts pressure on exports and cited a high effective exchange rate as a factor behind the devaluation. July’s export slump was deeper than economists predicted, while the nation’s index of producer prices declined 5.4 percent, the most since 2009. Deflation Risk “Today’s sudden policy move is a reaction to a significant weakening of China’s export numbers in July and rising deflation risk,” said Liu Li-Gang, the chief Greater China economist at ANZ in Hong Kong. While the devaluation will help support growth, Liu is predicting that the PBOC will lower lenders’ reserve requirements in August and cut benchmark interest rates this quarter for the fifth time in a year. IMF requirements that reserve currencies must be freely usable may have also played a role in the PBOC’s move, according to Commerzbank AG. The fund has said in recent months that the yuan needs to be more flexible. “The yuan exchange rate will be more market-oriented going forward,” Zhou Hao, an economist at Commerzbank in Singapore, wrote in a report. “Volatility of both the onshore and offshore rates will pick up significantly.” The yuan’s one-month implied volatility, a measure of swings used to price options, surged 4.8 percentage points, the most since 2004, to 6.01 percent. The gauge had fallen to a one-year low of 0.99 percent on July 24. Currency War China’s move has raised the risk of a “currency war” as export rivals seek a weaker exchange rate to stay competitive, according to Stephen Roach, a senior fellow at Yale University and former non-executive chairman for Morgan Stanley in Asia. “It’s hard to believe this will be a one-off adjustment,” Roach said. “In a weak global economy, it will take a lot more than a 1.9 percent devaluation to jump-start sagging Chinese exports. That raises the distinct possibility of a new and increasingly destabilizing skirmish in the ever-widening global currency war. The race to the bottom just became a good deal more treacherous.”

Abadi, thanks for the pledge. A little water and electricity for your people would be a great place to start during this record breaking summer of heat. just my opinion. I keep thinking of all those refugees trying to stay alive.

The MP said the coalition of state law ratified in chewing gum told / information /, "The news of al-Maliki escape to Syria excluded and incorrect," noting that "as promoted by some of the media is not accurate." I will wait to form an opinion until i know, for sure, what flavor chewing gum it was ratified in. Could be important.

If you go to another site, (da) you will see a long conversation about this rumor on Facebook about abadi wanting to get rid of maliki's position.

Maliki's response to the decisions Abadi: we renew our support for reforms By Roudao 3 hours ago Nouri al-Maliki Roudao - Arbil, said First Deputy President of the Republic, Nuri al-Maliki, in his first official position him about the decisions of the prime minister Haider al-Abadi, he renewed his support for the reforms. Maliki said in a brief statement: "We renew our support for the reforms required by the political process and that guided by the supreme religious authority Mr. Prime Minister. " The head of the Iraqi government, Haider al-Abadi, issued a series of important decisions in the framework of political reform, especially the most important Cancel the posts of Vice President and the Prime Minister, with reduce the number of protections for all those responsible, and the abolition of the special provisions for the presidencies of bodies and state institutions .As Abadi face today to open past and current files of corruption under the supervision of a supreme committee to combat corruption is made ​​up of specialists and working principle (Where did you get this), and called on the House of Representatives to ratify it to enable it to conduct the reforms called for by the supreme religious authority demanded by citizens. The al-Maliki said in a statement on Saturday evening "We demand everyone to stand side the Prime Minister to bring about reforms, and not to carry him responsibility gets, because this is a great injustice and everyone shares in the responsibility." Maliki confirmed in his statement that "it is sumptuously privileges and rights he has to bear responsibility, and that the stand-by-side the Prime Minister and the government in the implementation of reforms. " 0 Attitudes are contagious..is your worth catching... Quote MultiQuote DrDee wrote 48m ago Wee hours it was HOT in chat room with Elmer coming in with info. A moment I'll never 4get. Elmer was excited Elmerf123456 Intel Update from across the pond elmerf123456 wrote: Abadi has eliminated the post of VP Maliki…Abadi rules with iron fist. Commentary in forum. I have confirmed this across the pond…He is gone for sure. Read my links in forum. Big problem removed… things should go at light-speed now. The garbage has been removed... For all you late night beach do you know how huge this is this is colossal huge !!!!!! It is a brand-new day in Iraq and a big problem has been removed let's bring it !!!! All the sleepy ones missed all the excitement this is so big I am beside myself. This is the colossal news of the year and now things can move down the highway fast… This is the big stone needed to be moved out of the way and I'm dancing. I'm glad I could bring this in because I tell you what this is so exciting and we are all deserving of this. I respect Abadi for having the courage to do what he knew we had to. Man there's so much good news and this is a milestone trust me on this… My phone is ringing off the hook…You can't see An RV when there's a boulder in the way!! Guess what Boulder has been removed 9am Iraq time Abadi had a press conference and stated he eliminate both the Vice President and Deputy PM positions. Deputy prime minister is not the prime minister position… We are in the news fast lane should be a very exciting week… This is hot off the press so feel free I'm checking newswires and I also got the confirmation from my contact Abadi just need to support of his cabinet now and I believe he will get it… @HaiderAPM Al-Abadi outlines new reform measures to enhance governance and tackle corruption; calls for backing from cabinet and parliament… This news is so big we're going to need a bigger boat… o.k. folks you have 2 choices. believe yota and the news (Maliki still has his position) or believe luigi who pulled a quote from a newbie from Tony TNT's chat room. Easy, you wonder why i don't like Luigi's posts; It is because he pulls quotes from Tony's chatroom, than adds his own spin to it like it is intel. Above is another example.

right on trinity exchange. plus +

This is VERY interesting. I love the Japanese saying "the decision must be made on the basis of objective data" lol This really means no fu@$^%^& way will i have the yuan as a reserve currency. October maybe a very interesting monopoly game. Who will own park place and who will go to jail???

chernobyl I wonder if this will affect the income of BGG, Poppy, Tlar, Randy Koonce, swflorida guy's dad and sister?

bad parrot, bad parrot. You need to go to the corner and say polly want a cracker 100 times." plus 1 for you anyway

Luigi, Thats what i heard as well, that Okie was ill. I hadn't heard about the impostors.

Isn't Dinar Corp on the up and up? Why is selling currency on reserve a bad transaction? I would think it is o.k. if you have the money to back it up. It seems like the logical dinar dealer to go for is that "Cash for dinars" in Las Vegas, since folks don't seem to be able to get paid for their dinar when they sell to them.

According to a post in the Lopster tank, the site has been taken over by the FBI. (so they can track everyone who goes to the site) I wonder why??? very strange.

Has anyone heard about a civil action agains Dinar Corp? Not criminal, like Sterling. Here is part of the chat. I don't know anything about this and was hoping others here would know. BGG -(8:01 AM): As I said on Chat late last nite. Blossom - to TimandJulie(8:01 AM): dont worry its happened to me BGG - (8:02 AM): The Feds have filed a civil action against Dinar Corp. I suspect we will know what Dinar Corp's plans are in the next 24 hours or so. TimandJulie - (8:02 AM): are they going after all of them BGG -(8:03 AM): No seizures, no forfeiture, no criminal complaint, the field agent couldn't even get a warrant. So... BGG -(8:03 AM):but they do have a list of things they want from DC. BGG -(8:04 AM):P.S. all of the above makes me think - if there were something illegitimate they would already have known and acted. This appears as though the Feds just want him out of business. jtank -(8:04 AM):like do they have the reserves on hand that were sold