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Found 4 results

  1. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Samson Article: "Integrity reveals the details of the arrest of a senior officer in Maysan and calls on citizens to cooperate" Quote: "The Federal Integrity Commission revealed, on Monday, the details of the arrest of a senior officer in one of the security services in Maysan Governorate, red-handed, noting that he "blackmailed citizens and bargained with them", while calling for reporting cases of "bargaining, extortion and bribery." [See Guru Nader's Post below about his friend's video of the arrest.] *** Frank26 Article: "The Central Bank decides to activate the procedures for verifying licenses to import goods and merchandise". THE CBI IS IN CONTROL OF THE Monetary Reform WITH BANKS INSIDE OF IRAQ, AND OUTSIDE. *** Sandy Ingram Most of the Iraqi people do not care about a re-value of their currency to the point of one dinar equaling one US dollar. The Iraqi people just want money in their pocket, food, clean water, electricity, shelter, health care and money to pay their cell phone bill. The majority of Iraqi people do not yet understand the benefits of having an international currency with a high exchange value. *** Pimpy Article: "The speaker of the Iraqi parliament calls for an agreement on setting a date for early elections" They're already on a verge of civil war. They started to go down that path and thanks to Sistani it was stopped. Either they agree to go to early elections or there's no doubt in my mind there is going to be a civil war. There's no other way around it. I don't want that to happen...I think it's the right of the Iraqi people to decide who they want there... *** MilitiaMan [Reference Samson Article from this morning] What I like about this article is the timing of it and that the bullet point [3] takes us [foreign dinar investors] into consideration. There is also something the economist left out...the money they have destroyed in the past. We had video of them destroying perfectly good large notes... *** Nader From The Mid East My friend made [This "GoPro style" video]...this guys just got arrested for corruption. This is the head...if you need permit for construction or you need your passport being done or you need papers anything have to do with the government you go and he takes money...You have to pay a million dinar just to get some stuff done. He's been doing this for many many years and he made a lot of money. This is corruption so he get arrested. It's a lot of them getting arrested like this. He's big. He steals even from the government ...slowly, slowly it's gonna happen. *** Mark [Q? : What makes this time different than every other time we have been close to the RV?] The CBI has made it very clear they are ready to move forward with the monetary reform. They have filed the paperwork with the UN and the IMF to reinstate their currency... This is something very different now than we have ever seen before. *** Walkingstick [Iraqi bank gentlemen in US banks update] These banks [CBI satalite banks] are going to make it easy for Iraqi citizens abroad to turn in their 3-Zero notes. Brilliant! Because that's the state that we're at right now. Not the political stage. Not the killing in the streets and the arguments and the bickering...no. How do you think everything is functioning in the country if they didn't have a government? ...the CBI knows a lot of these citizens are hording billions and billions of dinars in their mattresses outside of Iraq.... [See Samson's news article from this morning..] Samson's Article & Postes are here: Monday Morning Opinions @ 9:35 AM CDT - 9/05/2022
  2. Once Iraq reinstates, do you all feel like BUND will be a strong bank to own stock in?
  3. 22/12/2018 MntGoat... Article: “THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING” Quote: “The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook.” The Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
  4. While everone was busy fearing death from ebola, squabbling over Ferguson, ISIS, or any number of media distractions, Americans were yet again sold down the river.... http://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For 12/12/2014 07:52 -0500 inShare82 Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street's blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall: Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article: Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. We say explicitly, of course, because taxpayers have always been on the hook implicitly for the next Wall Street meltdown. Why? Exhibit A: US banks are the proud owners of $303 trillion in derivatives (and spare us the whole "but.. but... net exposure" cluelessness - read here why that is absolutely irrelevant when even one counterpaty fails): Exhibit B: Here are the four banks that are in complete control of the US "republic." At least we now know with certainty that to a clear majority in Congress - one consisting of republicans and democrats - the future viability of Wall Street is far more important than the well-being of their constituents. Which also, implicitly, was made clear when Hank Paulson was waving a three-page "blank check" term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008. The only question is when the next multi-trillion (or perhaps quadrillion now that all global central banks are all in?) bailout takes place. Source: OCC MORE: http://libertyblitzkrieg.com/2014/12/05/wall-street-moves-to-put-taxpayers-on-the-hook-for-derivatives-trades/ Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades Michael Krieger | Posted Friday Dec 5, 2014 at 3:43 pm Wall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt: Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article: Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. The last time Mr. Himes made an appearance on these pages was in March 2013 in my piece: Congress Moves to DEREGULATE Wall Street. Fortunately, that bill never made it to a vote on the Senate floor, but now Wall Street is trying to sneak it into a bill needed to keep the government running. You can’t make this stuff up. From the Huffington Post: WASHINGTON — Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown. According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said. The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts. Big Wall Street banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers. Last year, Rep. Jim Himes (D-Conn.) introduced the same provision under debate in the current budget talks. The legislative text was written by a Citigroup lobbyist, according to The New York Times. The bill passed the House by a vote of 292 to 122 in October 2013, 122 Democrats opposed, and 70 in favor. All but three House Republicans supported the bill. It wasn’t clear whether the derivatives perk will survive negotiations in the House, or if the Senate will include it in its version of the bill. With Democrats voting nearly 2-to-1 against the bill in the House, Senate Majority Leader Harry Reid (D-Nev.) never brought the bill up for a vote in the Senate. Remember what Wall Street wants, Wall Street gets. Have a great weekend chumps.
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