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Backdoc From KTFA: "The Ice Man" - 1/15/2015
backdoc » January 15th, 2015, 10:24 am IMO
THE ICE MAN
WE CURRENTLY HAVE TWO AMAZING DYNAMICS IN PLAY AT THE MOMENT.
AS I'VE BEEN BEATING THE DEFLATION DRUM NOW LONG ENOUGH THE CRACKS IN THE PROVERBIAL CURRENCY ICE ARE BEGINNING TO WIDEN NOW!
WITH RUSSIA UNDER EXTREME PRESSURE DUE TO FALLING OIL PRICES THEY ARE NOW CAUGHT WITH THEIR PANTS DOWN AND NO WAY TO RUN WITHOUT TRIPPING OVER THOSE DRAWERS! LOL
VENEZUELA IS IMPLODING ALONG WITH ARGENTINA! NOW GUESS WHO IS HOLDING THEIR BAD DEBT? RIGHT CHINA!
AND TO MAKE THINGS WORSE THE BLACK GOLD PRICE GOT RAISED OVER THE WEEKEND TO ASIA AND LOWERED TO EUROPE! MMMMM
NO LETS KEEP GOING WITH THIS CURRENCY THEME SHALL WE?
AS A RESULT OF IRAQ DROPPING ITS' CRUDE PRICE TO THE EMPIRE IN THE EU WE NOW SEE THE TWO BLACK GOLD CURRENCIES COME TO PARITY IN TWO TRADING DAYS!!
HOLY LUBRICATION OF PRICES BACKMAN!!! LOL
TODAY'S SHOCKING NEWS IS A RAISING OF HANDS BY THE SWISS BANK SAYING, OK, I GIVE UP! (See Article Below)
SO THEY SEE THE HAND WRITING ON THE WALL OF TWO MORE CURRENCIES COMING TO PARITY, THE EURO AND THE DOLLAR!!
I ASSURE YOU FOLKS THERE IS MORE TO THIS THAN MEETS THE EYE!!
MY THEORY OF PARITY MAY HAVE ALREADY BEEN ACCEPTED BY THE SWISS AS THEY DEPEG FROM THE EURO!
THE DEFLATION SLIDE IS NOW UNDER WAY! AND SO THE REPRICING OF STOCKS WILL BEGIN AS SEEN THE LAST COUPLE DAYS!!
TO MAKE THINGS WORSE THE BIG BANKS ARE MISSING BIG ON EARNINGS!
FIRST JP MORGAN AND NOW TODAY BANK OF AMERICA!!
I WISH I HAD TIME TO SHARE MORE BUT MY SCHEDULE OF LATE IS CHALLENGED!
I WILL TRY TONIGHT TO SHARE MORE IF I HAVE A CHANCE!!
TRY TO THINK OF THE BIG PICTURE THIS WAY:
1. WE HAVE OIL TRYING TO BOTTOM AND FIND A BID TO COME OUT OF CONTANGO
2. WE HAVE BRENT AND WTI CRUDE OIL COMING TO PARITY
3. WE HAVE THE EURO ACCELERATING ITS WAY TO PARITY TO THE DOLLAR
4.WE WONDER IF THE GBP WILL ALSO BITE THE DUST AND COME TO PARITY WITH THE DOLLAR
5. WE AWAIT A VOTE BY TUES. ON THE BUDGET
6. WE SEE VERY SIMILAR EVENTS FINANCIALLY OCCURRING IN VIETNAM WITH CHINA PRESSURING THEM ON SWITCHING TO YUAN ESSENTIALLY! MMMMMM
7. WE AWAIT BUDGET DEFICITS TO BE EVAPORATED BY A STRONGER PURCHASING POWERED DINAR
8. WE SEE MASSIVE BOND INVESTMENTS IN IRAQ TO support ITS CURRENCY
9.WE SEE STRONG ACTION BEING TAKEN TO OPEN UP TO A MARKET ECONOMY
10. FINALLY WE AWAIT A CRESCENDO OF ALL THESE POINTS LINING UP TO BRING GREAT POWER, JUST LIKE A FOCUSED LASER LIGHT!
THE ICE MAN CONTINUES TO DELIVER !!!!!
ABADI IS TRULY BECOMING A MIDDLE EAST HERO!
BACK TO PATIENTS
8@8, DOC IMO
walkongstick :Switzerland Stuns Markets by Giving up on Currency Peg
LONDON — Jan 15, 2015, 7:53 AM ET By PAN PYLAS Associated Press
Bowing to the inevitable, Switzerland has ditched an increasingly expensive policy to keep a lid on the export-sapping rise of the Swiss franc — a move that saw the currency spike a whopping 30 percent against the euro.
Thursday's decision to call time on its efforts to keep the euro from trading below 1.20 francs came amid mounting speculation that the European Central Bank will next week back a big government bond-buying program that will put more euros in circulation, diluting their value.
That expectation has seen the euro face intense selling pressure in currency markets, particularly against the dollar. The euro has fallen to nine-year lows against the dollar and below its launch rate in 1999.
As a result, the cost for the Swiss central bank of constantly defending the peg by buying euros or selling francs has been rising.
The scale of their task was evident in the franc's movements in the markets following the abandonment of the peg. At one stage, the euro had plunged a stunning 30 percent against the franc before recovering somewhat to trade 13 percent lower at 1.04 francs.
"Switzerland suddenly got a whole lot more expensive," said Michael Hewson, senior market analyst at CMC Markets.
Many analysts thought the decision was inevitable in light of next week's expected announcement by the ECB to break new ground in its efforts to inject life into the ailing 19-country eurozone economy. A week ahead of the stimulus, which some in the markets think could be worth 1 trillion euros ($1.17 billion), the Swiss National Bank, or SNB, is preparing for the market impact.
"The first thing it says is that the SNB clearly expected to see a huge surge of inflows in the week ahead and saw little reason to provide these buyers of francs with an artificially cheap rate," said Simon Derrick, chief currency strategist at BNY Mellon.
The Swiss central bank said nothing of the sort, though, arguing that the "exceptional and temporary" measure to protect the Swiss economy was "no longer justified."
The peg, which was introduced in Sept. 2011, was an attempt to halt the rise of the franc — a traditional safe-haven currency for investors — against the euro at a time when the eurozone debt crisis was at its height. The strong franc was then particularly problematic for Swiss exporters, who were forced to drastically cut prices to remain competitive.
Unsurprisingly, Thursday's move prompted a painful 11 percent drop in Switzerland's stock market as investors took fright at the worsening outlook for Swiss companies selling chocolate or ski holidays and the possibility that the country will suffer a sustained period of falling prices, or deflation. A stronger currency makes imports cheaper, further dampening already-subdued price pressures — in the year to December, prices fell 0.5 percent.
In an effort to contain the franc's appreciation and limit any damage to the Swiss economy, the central bank on Thursday also lowered a key interest rate — what it charges commercial banks to deposit at the bank — to minus 0.75 percent from minus 0.25 percent. The hope is that it dissuades banks from parking their cash at the national bank and instead possibly invest it.
Tidbits From Delta and KTFA Members Sunday Evening - 12/28/2014 DELTA » December 28th, 2014, 6:03 pm
The last trading session of 2014 Monday, 29.12.2014 and the first trading session of 2015 Sunday, 11/01/2015 12/28/2014 06:08
Further to Bektaibna No. 2196 on 12.15.2014
According to the Central Bank of Iraq No. 1610/23 on 12/21/2014 included: direct bank branches not to send and receive electronic instruments to two (7-8) / 2015/1 on the occasion of renovation Iraqi payments system by the Central Bank of Iraq.
Board of Governors decided to be the first trading session of the new year on Sunday, 11/01/2015 DELTA LINK
Aggiedad77: "Renovations".....interesting choice of words....of Iraqi payment systems by the CBI.....even more interesting....and then....reaching outwards to January 11th.....sounds like we are looking more towards the mid aspect of the month....I can wait though....anxiously....but I can wait.
Thanks Delta Aloha Randy
Zochowski: EVENING "DELTA"!!!
WELL BOYS N GIRLS, SOUNDS LIKE YOUR 10 DAYS HAVE JUST BEEN VERBALLY ANNOUNCED INTERNATIONALLY, OR HAS IT BEEN DONE INTENTIONALLY??????????
TIES INTO THE ARTICLE BOUT "ISX" BEING DOWN TILL THE 6TH/7TH OF JANUARY........
WOULD ALSO ALLOW TIME FOR INTERNAL ITEMS TO BE DONE TO PREPARE FOR INTERNATIONAL ITEMS........
HOWEVER, MY QUESTION WHY FROM 29TH TO THE 11TH?????????
LAST ARTICLE WAS IMPLYING 27TH TO THE 6TH???????
WHY DO THEY NOW NEED "EXTRA" TIME??????????
ANY TAKERS ON THESE QUESTIONS, C"MON, STEP UP TO THE MICROPHONE, POWER IS STILL ON, LOL LOL................
I HAVE SOME THOUGHTS, BUT AM REFRAINING MYSELF AT LEAST TILL MID-WEEK........
THANKS SIR!!!! G/B M/Z
DELTA » December 28th, 2014, 7:00 pm
EARLY 2015 LOOKING VERY GOOD!!!
ISX,ATM... WAITING FOR RATE!!! DELTA
Aggiedad77: Well Delta.....the world turns and so do the events in Iraq....I think the events in Iraq are beginning to move at an ever greater speed.....
I'm so liking all that we are seeing that is happening in the past few days and the overall attitude from PM Abadi in moving things forward for the Iraqi people and pushing to bring Iraq onto the international levels that will make great things happen.
Thanks brother Aloha Randy
Backdoc Monday Night Post - "Buyers vs. Sellers" - 12/15/2014
BUYERS VS. SELLERS - IMO
AS BiII GROSS SAID: "AS OIL DROPS CURRENCIES TRY TO ADJUST"!! AS OIL CONTINUES ITS SLIDE FROM THE UPPER LEFT TO THE LOWER RIGHT ON THE CHART, CURRENCIES ARE GOING TO CONTINUE ADJUSTING!
CURRENTLY, OIL IS STILL IN CONTANGO, REMEMBER THIS IS NOT A DANCE! LOL IT MEANS THE DAILY SPOT PRICE YOU WOULD PAY TODAY IS LESS THAN THE PRICE OF THE FUTURES CONTRACTS!
AS LONG AS THIS CONTINUES, OIL CONTINUES ITS’ SLIDE!
SO AS GROSS STATES, "CURRENCIES HAVE TO ADJUST", WHAT CURRENCY IS ADJUSTING THE MOST?MMMM
ANSWER: RUSSIAN RUBLE
THE RUBLE IS BY FAR THE WORST PERFORMING CURRENCY IN THE WORLD THIS YEAR! TODAY, THE RUSSIAN RUBLE HAD ITS BIGGEST ADJUSTMENT FOR THE YEAR BY DROPPING 12% IN ONE DAY!! WOW! THAT’S WHAT GROSS MEANT BY A CURRENCY HAVING TO ADJUST! NEXT, THE COUNTRY COULD BE IN TROUBLE!
IN FACT, TODAY RUSSIA RAISED ITS INTEREST RATE TO 17% ! WOW! THAT’S WHAT GROSS MEANT BY THE TERM “SPREAD"! THIS INCREASE IN THE SPREAD IS A SIGN OF A CURRENCY IN DESPERATION!
THERE ARE RUMORS THAT RUSSIA MAY BE DUMPING GOLD TO BACK THEIR CURRENCY!
WITH COUNTRIES HAVING TO PROP UP THEIR CURRENCIES BY SELLING GOLD, LOOK FOR IT TO FOLLOW RIGHT BEHIND OIL IN LOCK STEP! MMMM
I ASSURE YOU THAT THEY HAVE BEEN BUYING GOLD AT A HIGHER PRICE THEN WHERE IT IS NOW. MMMM
BUY HIGH SELL LOW! MMMM WHO BENEFITS ??? RIGHT THE EMPIRE !!
IF THE RUSSIAN RUBLE IS THE LOSER, WHO IS THE WINNER? MMMM KING DOLLAR AND DARE I SAY MR. LONELY! OF COURSE MR. LONELY IS STILL HIDING BEHIND OZ’S CURTAIN!
THERE IS NO DOUBT THAT OIL IS GOING LOWER IN THE NEAR TERM BASED ON THE CONTANGO IN THE FUTURES MARKET!
WITH OIL IN FREE FALL, WHO DOES IT HURT THE MOST? WELL, AT THE MOMENT WE SEE RUSSIA WITH OTHERS TO COME???
WITH SANCTIONS OVER CRIMEA AND THE BRICS TRYING TO MOUNT FINANCIAL COMPETITION TO THE WORLD BANK I’M NOT SURPRISED! THIS IS A CURRENCY WAR!
EVEN IF OIL FINDS A POINT OF STABILITY IN THE NEXT FEW MONTHS, IT WILL STABILIZE AT A RATE THAT BENEFITS THE EMPIRE AND PUTS A FINANCIAL DRAG TO THE BRICS DUE TO THEIR HIGH EXTRACTION COSTS! REMEMBER OIL AFFECTS ALL SECTORS OF AN ECONOMY THATS WHY GROSS SAYS, "CURRENCIES HAVE TO ADJUST."
ARGENTINA IS IN SUCH POOR FINANCIAL CONDITION THAT CHINA HAD TO DO A CURRENCY SWAPS JUST TO BAIL THEM OUT AS EVIDENCED BY THIS CAPTION OF A BLOOMBERG ARTICLE!
Argentina Bond-Sale Bust Is Missed Chance as Maturities Loom
Argentina missed a chance to boost foreign reserves and push back much of the $12 billion in debt coming due next year as investors balked at the terms for the country’s first bond sale since defaulting in July.
THERE ARE CRACKS IN THE FINANCIAL ICE WORLD WIDE!
IF OIL CONTINUES ITS' RAPID DECENT, WE ARE CERTAINLY HEADED FOR A CRISIS NOT ONLY IN STOCK MARKETS BUT COUNTRIES AS WELL, AS BILL GROSS MENTIONED!
THE COUNTRIES WILL HAVE A HARD TIME SELLING BONDS TO FUND THEIR DEBT OR BE UNABLE TO MAKE THE PAYMENTS ON THEIR DEBT AS INTEREST RATES RISE.
REALIZE THIS IS WAR!
ASK YOUR SELF, WHO GETS HURT THE WORST? EVERYONE BUT THE EMPIRE! REMEMBER THE GAME OF MONOPOLY I DESCRIBED? THIS IS THE DISTRACTION! COUNTRIES IN TROUBLE THAT HAVE LARGE GOLD HOLDINGS WILL HAVE TO SELL THEM TO PROP UP THEIR CURRENCY JUST LIKE RUSSIA IS, OR SOON WILL BE!
WHEN YOUR CURRENCY IS RISING AND OTHERS ARE FALLING, WOULD YOU LIKE TO GUESS WHO WOULD BE A BUYER WHEN GOLD TAKES ITS NEXT LEG DOWN? MMMM RIGHT!
THE EMPIRE! OR PEOPLE IN THE EMPIRE SINCE THEY HOLD BY FAR THE WEALTHIEST INDIVIDUALS IN THE WORLD!
WE ARE ON OUR WAY TO LONELY, THIS IS WHAT IT LOOKS LIKE! UGLY! THIS IS THE BEST TIME TO LAUNCH IRAQS’ CURRENCY!!
WHEN THINGS ARE THE WORST FOR SOME, THEY ARE THE BEST FOR OTHERS!
"ALL FOR ONE AND ONE FOR ALL”
THE PATH TO LONELY, DOC
Low yields could mean trouble for stocks
While analysts see stocks continuing to creep to new highs, there could be a time when investors decide the signal the from the bond market is not especially positive. Jack Ablin, CIO of BMO Private Bank, says the day of reckoning could come in the first quarter, and he expects a new year sell off.
My Ladies Sunday Morning Post - "The Time is Now!" - 12/14/2014
GOOD SUNDAY MORNING EVERYONE. WE WOULD LIKE TO SAY THANK YOU TO SO VERY MANY OF YOU THAT HAVE SENT EMAILS AND PRIVATE MESSAGES TO US ASKING US TO ADD YOU TO OUR ROOM AND EXPRESSING YOUR MANY THANKS AND APPRECIATION FOR US.WE HAD NO IDEA HOW MANY OF YOU WERE ACTUALLY READING OUR OPINIONS. SO THANK YOU EVERYONE AND THANK YOU RECAPS FOR BRINGING US TO YOUR MANY READERS.
NOW LET’S TAKE A GOOD LOOK AT WHAT IS HAPPENING WITH IRAQ AND OUR END GAME. SO IT WOULD SEEM WE ARE AT A VERY CRUCIAL PLACE RIGHT NOW IN IRAQ. WE ARE RIGHT UPON THE INTERNATIONAL RELEASE OF THE NEW RATE.
ON THE LAST FEW CALLS WE’VE HAD, WHAT DID WE SAY? ON THAT INFAMOUS CALL WE HAD WITH NOVA? YOU REMEMBER THE ONE, WHAT DID WE SAY? LET ME REFRESH YOUR MEMORY WE HAVE BEEN SAYING FOR OVER A MONTH THAT THINGS IN IRAQ ARE DONE.
THEY CAN NOT GO ANY FURTHER WITH REFORMS OR LAWS WITH OUT MONEY. THEY HAVE TOLD THE INTERNATIONAL STAGE THEY WILL IMPLEMENT HCL ONJANUARY 1. HOW WILL THEY DO THAT WITH OUT MONEY? THERE ARE MANY MANY OTHER LAWS THAT IRAQ NEEDS LIKE THE INVESTMENT LAW IS A GOOD ONE, BUT HOW WILL THEY TAKE THAT LAW ANY FURTHER WITH OUT AN INTERNATIONAL STAGE?
HOW WILL THEY CONVINCE OUTSIDE COMPANIES TO INVEST WHEN THEIR PRIVATE SECTOR IS NOT CAPITALIZED? IRAQ NEEDS AN INTERNATIONAL STAGE TO CONTINUE.
THE BUDGET …
DO YOU ALL REMEMBER THE ARTICLE I DID SOME MONTHS BACK TITLED DROP IT LIKE IT’S HOT? THAT WAS FOR THE 2014 BUDGET WELL GUESS WHAT FOLKS THE SAME ADVICE COMES FOR THE 2015 BUDGET.
ALL WE NEED TO DO IS APPLY A LITTLE COMMON SENSE HERE TO KNOW THEY CAN NOT DISCLOSE THE BUDGET WITH OUT THE RATE FIRST.
YOU SEE THE BUDGET WILL SHOW EVERY DINAR FROM EVERY SOURCE AND EVERY LINE ITEM THERE BY DISCLOSING THE RATE. DO WE THINK THEY WILL TELL ALL OF PARLIAMENT OVER 237 MP’S AND ALL THE MINISTERS AND COMMITTEES THE RATE BEFORE THE CBI POSTS IT?
I MEAN DO WE REALLY THINK THAT IS A POSSIBILITY? NO! NO! THERE IS NOT EVEN A TINY POSSIBILITY THEY WILL DO THAT.
FOLKS FOR HEAVENS SAKE THEY ADJUSTED THEIR RATE A FEW BIPS AND WERE SURE TO POST IT TO THE CBI FIRST. WOULD THEY REALLY TELL THE GOI OF SUCH AN ENORMOUS ADJUSTMENT BEFORE THE CBI POST IT?
THINK ABOUT IT….NO!
SO I THINK IT IS SAFE TO SAY THEY NEED TO POST TO THE CBI FIRST. WELL NOW WHERE DOES ALL THAT LEAVE US? IRAQ NEEDS THE BUDGET AND THEY NEED IT NOW SO WE CAN PROBABLY SAFELY SAY WE SHOULD SEE AN INTERNATIONAL RATE REAL SOON.
THEY ARE SAYING THEY WILL MEET FOR THE BUDGET FOR TUESDAY, SO LETS SEE WHAT HAPPENS BETWEEN NOW AND THEN. IN ORDER TO SHOW THE BUDGET THEY NEED THE CBI TO SHOW THE RATE OR ANYONE ON THE PLANET THAT READS AND WRITES ARABIC AND OWN A CALCULATOR WOULD BE ABLE TO FIGURE IT OUT.
THERE IS SOMETHING ELSE WE WOULD LIKE TO SHARE WITH YOU, LAST WEEK THERE WAS A SMALL ARTICLE THAT WAS PUT OUT BY RAFIDIAN BANK AND A QUICK 32 SECOND PERSONAL INTERVIEW. IN THIS INTERVIEW THAT WAS IN ARABIC WITH AHMED HASSAN WHO IS THE DIRECTOR OF THE RAFIDIAN BANK IN DHI QAR HE CLEARLY SAYS THEY HAVE THE ATM’S AND THE NEW BANKCARDS WITH THE SIM CARD IN THEM BUT THEY ARE BEING HELD HOSTAGE BY THE CBI UNTIL THE DELETION OF THE ZEROS BECAUSE AS IT STANDS NOW THE NEW MACHINES AND CARDS DO NOT WORK WITH THE OLD NOTES.
THERE IS NO ARABIC WORDS FOR SIM CARDS SO IF YOU LISTEN AT THE 12 SECOND MARK YOU CAN HEAR IT CLEARLY. HERE IS THE LINK FOR THE INTERVIEW
SO WHAT DOES THIS MEAN WELL IT TELLS US THAT THOSE CARDS ARE READY TO BE USED, DO YOU REMEMBER THE MANY ARTICLES WE DID ABOUT THE MIDDLE EAST AND IRAQ IN PARTICULAR HAVING THE SOFTWARE TO CREATE AN ALL IN ONE CARD SYSTEM?
ALL THEIR INFO SUCH AS PASSPORT AND ID AND DRIVERS LICENSE, AND BIRTH CERTIFICATE AND FINANCIAL AID WOULD ALL BE ON ONE CARD?
REMEMBER ALL THEIR BANKING INFO AND THE REPLACEMENT OF THE OLD QI CARD WELL HERE IT IS THEY HAVE THE CARDS AND ARE READY TO DISTRIBUTE THEM. THAT IS HUGE HUGE NEWS. WE DON’T EVEN HAVE THOSE CARDS HERE IN THEIR ENTIRETY YET. AND HERE IS THE LINK OF THE COMPANY THAT CREATED THOSE RFID CHIPS, GO AND HAVE A LOOK BECAUSE WE WILL BE USING THEM TOO BEFORE LONG.
ALSO LAST WEEK WE SAW THE CBI SAY THEY HAVE A SPECIFIC TIME FOR DELETING THE ZEROS AND THEY EVEN LED US TO CONCLUDE WHAT THE RATE MAY POSSIBLY BE, HERE HAVE A LOOK FOR YOURSELVES
Parliamentary Energy declares that the lifting of the zeroes will not affect oil prices and criticized the Central Bank
Published on: 09 December 1 / December 2014
Confirmed to the Committee on Energy and Oil parliamentary member Ugaili Aziz, saidTuesday that "raise zeros from the Iraqi dinar will not affect the low oil prices, the fact that specific prices in US dollars
Ugaili said in a statement to the press, seen it (Iraq) that "the value of the Iraqi oil prices are in dollars, but the lifting of the zeroes will lead to an increase in commodity prices in the country .
Ugaili ruled that "the lifting of the zeroes from the Iraqi currency will be in the coming period specifically in the next year in 2015 .
He criticized a number of experts and specialists in the financial and economic affairs, the central bank's policy of issuing new editions of major categories of the coin, while warning of this procedure being will increase inflation, causing a state of economic confusion and stagflation in Mahlah.ocdoa market, according to news agency dinars on importance of moving and speed up the implementation of the project to delete three zeros from the currency and not to resort to prosthetic solutions issuing new editions, the fact that this project will overhaul the currency and increases the strength and improves performance both locally and regionally .
The central bank had earlier announced that the project to delete the zeros is still standing, but the date of its implementation is specific, as revealed its intention to issue a large categories of currencies as a group (50) thousand dinars, and (100) thousand dinars, and restore the current currency printing until the project application .alkhbayr in the financial and banking affairs Mohsen Ali, said: "The project to delete the three zeroes from the currency is one of the strategic projects and relied on by the Central Bank, he will overhaul the Iraqi currency again and reduces the money supply because it will reduce the large numbers Kaltrliunat and billions and other ".
He added that "this project will serve the country in many ways, including, to create a balance in the inflation rates, and facilitate the preparation of the annual budget process for the State, ministries or provinces, and reduce errors in the big financial accounts, as well as he would the Iraqi dinar to the regional and global stature." He pointed to: that "the central bank when a promising project to delete the three zeroes from the currency His goal was to reduce the large masses of cash and create a balance in the market rates of inflation, it cannot issue new editions of major categories, because it is considered prosthesis solutions are irrelevant to the country, but it would hurt the economy terms of increasing stagflation in the market . "
While economist Dergham Mohammed Ali, pointed out: "The subject of restructuring the currency would be useless without the implementation of the project to delete the three zeroes from the currency for the purposes of legal, administrative and regulatory at the same time." He explained Muhammad Ali in an interview that "the issuance of currency with a large class safety specifications for high discharge the need for the project to delete the zeros of the budget, which will be transferred Alterellnah box to box Alumblyaria, which are commensurate with the budgets of neighboring countries and reduce the differences between the dinar and the regional currencies, including re-consideration mathematically and value judgment of the Iraqi dinar . " READ MORE HERE.
WHAT ARE THEY SAYING HERE? RETURN TO THEIR REGIONAL AND GLOBAL STATUS; REDUCE THE DIFFERENCE BETWEEN THE DINAR AND REGIONAL CURRENCIES? THE CBI HAS A SPECIFIC TIME? WELL GUESS WHAT FOLKS WE BELIEVE THAT TIME IS HERE.
FOR WEEKS WE HAVE BEEN SAYING YOU WILL NOT SEE ANY MORE LAWS PASSED, YOU WILL NOT SEE THE COMPLETION OF THE GOVERNMENT PROGRAM AND YOU WILL NOT SEE HCL OR THE BUDGET WITH OUT THE RATE.THERE IS NO WHERE LEFT FOR IRAQ TO GO BUT OUT. THEY NEED TO GO OUT TO THE INTERNATIONAL MARKET. ABADI AND CO ARE NOT BUILT TO FAIL, THEY HAVE SET TIMELINES AND WE BELIEVE THEY WILL KEEP THEM.
IRAQ WILL BE WORKING ON THEIR ECONOMIC REFORM AND THEIR LAWS FOR YEARS TO COME. BUT THAT WILL NOT AFFECT THE EXCHANGE RATE OF THE DINAR.
THOSE LAWS AND REFORMS WILL BE PUT IN PLACE TO PROTECT THE NEW RATE OF THE DINAR. REMEMBER BANKS MAKE THE MONEY AND POLITICIANS WRITE LAWS TO SPEND THE MONEY. MALIKI WILL REMAIN PUTTERING AROUND OR HE WILL FINALLY BE ARRESTED BUT WHO CARES?
HE WILL NOT AFFECT THE EXCHANGE RATE OF THE DINAR. ISIS OR DAASH WILL COME AND WILL GO THEY WILL FLARE UP FROM TIME TO TIME, BUT EVEN THISWILL NOT AFFECT THE EXCHANGE RATE OF THE DINAR.
FOLKS EVERYTHING IS IN MOTION IT WILL NOT BE STOPPED AGAIN WE THINK THIS RIDE IS ALMOST OVER. ALL THE PLANNING OF THE LAST 40 YEARS IS FINALLY HERE, THE DINAR WILL FINALLY BE RELEASED TO DO WHAT IT WAS DESIGNED TO DO AND WE ARE JUST FORTUNATE ENOUGH TO BE TINY TINY TINY PART OF THE BENEFITS.
SO TAKE A DEEP BREATH AND SIT BACK AND ENJOY THE FINAL TWISTS OF THIS ROLLER COASTER RIDE BECAUSE IT IS ABOUT TO BE OVER.
HAPPY HOLIDAYS AND LOVE TO ALL …MY LADIES
Mnt Goat Friday Morning Update - “Our Blessing Is Coming” - 12/5/2014
UU7766 – “Our Blessing Is Coming”- Mnt Goat
All is very good in Bavaria. Hope the dinarian family is just as well in USA? Our familie awaits this blessing about to be given to us. Meine kinder feel like it is Christmas eve and anticipate this great gift from our currency holdings.
I remember too well we have been down this road all too many times in that this RV is going to finally be rolled out. Disappointment then comes when it is stopped once again. So you have to roll with the roller coaster and go for the ride. For now I am hearing wonderful things and all is inline to give us this blessing very, very soon. We will see what happens this time around.
In my past news letters I mentioned the needed “full” government and the security of the government and security of the armed forces to protect the country. I also talked about the concern the CBI has for forged notes and the actions they have taken to prevent such counterfeiting scams.
I have talked also about the “petro dollar” and how it will not so easily be taken over by any other currency. We are now witnessing economic wars between Russia, China and the USA and its effect on the rest of the world’s economies. I have said many times HCL is so important for Iraq and the USA because with it Iraq must use the petro dollar for many decades to come when selling its oil. Do you now see why the revaluation has been used as leverage to get the Erbil Agreement implemented?
They are now in the process of cleaning up Maliki and plucking those corrupted politicians who served the Maliki government all too well during his 8 years of h*ll for Iraq.
Being that we are so very close to exchanging, today I want to give you many tips for exchanging and for post RV. To start let me say I am not a financial advisor, broker, planner or any professional giving investment or tax advice or anything related.
This email will be short today since I over did my welcome in the my last news….lol…
Just wanted to tell everyone that I am very optimistic about these next week. I received a call this morning from one of my IMF sources explaining to me the next steps in this process.
As you know I am not familiar with what is happening in the banks in USA but I am hearing from this source now that they are going to release very soon to your general public toll free numbers for call in centers to schedule exchange meetings. Exchanges should begin once appointments are made.
I have been listening to many recent conference calls from many “intel providers” from recent days. Seems they still believe that this is in Iraq’s hands and are hopeful for a 90 cent rate. Let them believe what they want. We know better.
So in the next couple days they are going to run the UST managed system once again to calculate and bring new rates downstream to banks and exhanges. This time I am hearing we can expect a double digit rate for the international IQN rate in the USA. Dong too is very high. Wow ! Sounds almost unbelievable but this is what I am told will overlay the current $3.58 rate now being used for these early group exchanges. The system has not been re-run since they began almost a month ago.
Why so high..?
This rate will reflect the drop in the dollar due to the drops in oil prices. If it takes more dollars to exchange a dinar then the rate must go higher. This is the case since the Iraq dinar is a somewhat stabilized rate for years. This was also part of a negotiating item in the recent talks with IMF and the BIS.
I am hearing the Dinar and Dong will revalue and be available for exchange at the same time. No – this is not a GCR since there is no such thing and I have repeatedly said this over and over again. They are revaluing these currencies because the are contracts that need to be fulfilled and acted upon.
Okay everyone - make sure you will re-look at your strategies for the exchange. Remember it’s a “simple exchange” not a “cash in”.
The term “cash in” is used for selling investments such as stocks, funds or investment portfolios. In most cases you would normally use a broker to cash in. Now you are conducting a simple currency exchange with a banker. Typically there are no taxes on a simple currency exchange so I do not know if they are going to change the rules at this point. You may, however, be taxed (long and short term capital gains) if somehow this simple currency exchange gets confused with an investment cash in. Remember currency can be an investment too and that is the purpose of FOREX and the other global currency markets but if you are holding your currency in your hand this is a simple currency exchange no matter how much you have.
Remember to ask about the contract rates and be specific since it is not probably a group contract you are referring to (as most groups have already exchanged) but rather just using the China contract rates for Dinar or Dong. If you choose to go with these rates there may be stipulations and thus it may no longer be a simple currency exchange. You may be paying higher taxes. The banks may have a contract for you to sign as a participant in the China contracts. At least you should explore the opportunity to participate if nothing else. Know what you are getting into before signing anything. This was you can make an intelligent decision.
Don’t know just how much money you will have after your exchange but if it,s over a million dollars I strongly suggest you plan to meet with an investment advisor shortly thereafter. I am also hearing others saying it is a good idea to save 50% for taxes, just in case. I agree. Better to be safe than sorry later.
For multi-millionaires, may I strongly suggest you hire these individuals for your money management team to help you: -Certified Public Accountant (CPA) -Certified Wealth Manager
-Certified Annuity Consultant/Manager
The bank Wells Fargo has the contract with the UST for managing exchanges. So if you want the contract rates I would pursue exchanging with them. All banks have the opportunity to offer these rates but not all banks will opt to do so since there is extra paperwork and liability on their part to do so. There is also the stigma of the early group exchanges which, in itself, could be cause for worry about the legalities of past exchange practices.
The hardest part of the exchange is going to be opening up the new accounts, if you do not already have accounts. Remember to put the proceeds from the Iraq dinar in a separate account. Remember to put you tax allowance in a separate account. I personally am going to use a savings account. I will not be leaving the money sitting there for long. Unless your proceeds exceed a certain level you will have complete access to the funds. Those over the limit will have up to 80% frozen for up to 72 hours while a background check is performed. I am hearing the limit is tens of millions of dollars.
Hopes this helps everyone.
Peace and Luv To Ya,
Testing the Rocker Badge!
Live Exchange Rate