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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, September 22, 2014

S3A CHAT UPDATE, 23 SEPT

Stage3Alpha:

More Guesses to NEW Picture Intel:


G T September 22, 2014 at 7:10pm   Additional Clues.......
So Prime Minister Abadi of Iraq will be making an announcement at the United Nations within the next 48 Hours…..What announcement......I don't know!!!

The Cats out of the Bag

Not Playing Hide & Seek

PM Abadi has Arrived (or is Enroute) here in the US

Confirmed
....
**********

EXOGEN  FYI: THE ANNOUNCEMENTS WILL BE COMPARABLE TO ANNOUNCEMENTS THAT TOOK PLACE A T UNSC MEETING. DO NOT EXPECT ANYBODY TO COME OUT AND SAY RV, GCR, ETC AS THOSE ARE NOT EVEN WORDS

Smokin Jo could it be that Abadi is making the public announcement in 48 hrs while the RV occurs earlier and groups get started before public is aware?

ClassyONE > Smokin Jo Either way I'd be happy but wouldn't that be nice?

omegaman :  platform says, "quiet as a tomb"...

i take that as........calm before the storm...

in a good way..

**********

Dr. Mark > I think the cat is out of the bag....no more playing hide and seek...

LVegas :  Ok, so we now know he is here or en route and meeting with Obama on WEDNESDAY. So do we expect them both to make joint announcement of RV or monetary reform? Is the USA/Obama using his power to say you have to come to the USA to make the announcement? Or will it be done prior to that? Per so many postings here on this site, all indications that this has started in one way or another around the World.. Been almost 8 solid days meetings and summits, etc...

***********

RE: KTFA CC Tonight:
Susan A. S.   Frank said that Eagle1's sources have asked him not to share on the call anymore.

Both Frank and Delta agree that there is an urgency for the US to get this done, now, because they we (US govt.) NEED the money.

Frank would like to see the Iraqi govt., "be seated" (Frank's words) by October 1st.

He is thinking that Abadi may be coming to sign something at their meeting....and have it with them for when their govt. sits.

FRANK26 CC NOTES, 23 SEPT

IQD update

• Please do not call Frank with questions about what other websites are saying

• Frank is not looking for a government, they are already formed and meeting in Frank’s opinion; he is not looking for a budget, it’s already done and been revised in his opinion; Frank is looking for laws; in Frank’s opinion, we may see the budget on Thursday,
MY Ladies joined the call at this point

• My Ladies agrees that we are looking for laws in every sector, and there are hundreds of laws being passed; a French company was hired for $1.7Billion (equivalent) to map out where to plant palm trees; there are actually laws to put in palm trees, flowers, etc – these don’t mean anything to us, only evidence of the hundreds of laws being passed
....
• There are laws being passed in the banking sector, and the banks are being put back together (after being disassembled after the invasion) with laws to protect deposits, investments, licensing etc; banks are being visited by directors to assure they are connected and compliant

• Frank said that the “granddaddy” of all laws is the HCL; Frank asked My Ladies her opinion of the HCL? My Ladies replied in her opinion the final pieces are being put together on the HCL, that it’s nearly finished

• My Ladies and Frank both stated the importance of passing all of these laws, in their opinion, if the laws are not in place, the IR cannot be maintained, so this flurry of activity is another positive indicator for our investment

• Frank asked My Ladies to talk about the committee formed to work on the laws to get 4 items taken care of; Turki is now at the Bureau of Supreme Audit, and he gave Jabouri directive to develop and advance the private banks to put laws and regulations in place; the directives were written out to stabilize and control the banking industry, the news on Arabia is full of discussion about laws

• In Frank’s opinion, the IR will follow on the heels of the HCL being finalized/enacted

• Frank stated that Arabia is a great news source, it is available on KTFA Premium

• There were 372 licensed revoked after Saddam was removed, all of those need to be regulated, codified, and reinstated

• Private businesses from around the globe are pouring into Iraq, and none of this could happen without the laws that are being passed now; the “house” of Iraq is being re-mantled with the position they held in the 1980’s; no one did anything for 8 years, and now we are seeing a country being built in 2 weeks; they are moving at a speed unheard of in the ME

• Frank said that O has asked Abadi to come to a meeting in NYC tomorrow, however in Frank’s opinion, it’s not for an announcement of the IR, rather for leveraging Iraq’s help with ISIS in Turkey

• Frank believes this week (9/22) is interesting as Iraq has a payment due to the BIS and must pay in IQD, there are reviews of program rates in April and September, historically rate changes have occurred at this time, and it’s the 10 year anniversary of the program rate

Delta joined the call at this point

• An economist in Iraq published an article discussing several things, including the 10K note introduction to try to thwart counterfeiting; he stated that new currency coming out will have Arabic and Kurdish languages and the signature of the permanent governor of the CBI (not acting governor), and he echoed Delta’s opinion, that M was not the hold up, the GOI does not have control of the MR (USA is in control)

• Delta said that Eid holiday will end on Oct 4, however Iraq could declare additional days

• Delta’s opinion is that we’ll see the budget, the 2 ministers, and then the HCL

• Delta does question why Abadi has been summoned to the USA in 24 hours, and strange that O summoned him, but to NYC rather than DC; Delta questions if there is more than a security discussion, in his opinion that could be handled on the phone

• John Kerry has just made the statement that they will take Iraq internationally – what can that mean aside from an IR, no contracts can be activated or business conducted without the IQD being international so that it can be traded globally

• In Delta’s opinion, we will hear less and less of ISIS and Daash now

• SA has the largest embassy in Iraq and they are very happy now

• In Delta’s opinion, it’s still possible to see something before the end of Sept or on Oct 1, however no one knows the date

• Delta suggested to go back and read John Kerry’s comments

• Frank agrees there may be more to the meeting in NYC, however he does not want to overstate it, no one knows the date or rate

• Delta recapped the situation in the ME and SA’s role, they have a voice in this process as well; SA had a bad relationship with M; SA seeks for power and influence

• In Delta’s opinion, the dollar will not fail, and he expounded on the reasons why he believes that; in Delta’s opinion, what the USA has done with the dollar, it can be done with the IQD

• In Frank’s opinion, he’s first looking for the GOI to be seated on Oct 1, not looking for an IR on Oct 1, but rather evidence of things unseen at this time so that the next steps, including the IR, can be believed in; no one knows the date or rate

• Frank summarized that we’re looking for a GOI that is announced to the world – Frank’s opinion is that the GOI is formed and functioning, they just need to reveal themselves

• Frank said that he spoke with Eagle1, and E1’s sources have asked him not to talk anymore; if E1 wishes to post, he will

• Frank ended the call with prayer, and Andy lifted the prayer with the shofar horn blast
KTFA:  Monday Night conference Call.  Approx: 177 Minutes long.  The first part is Member Business Promo Night. The second part is Iraq/dinar Intel.

https://www.freeconferencecallhd.com/playback.html?n=OTQCw/jqSq0

PLAYBACK # : 760.569.7699 PIN: 156996#

OMEGAMAN TIDBIT, 23 SEPT

Omegaman:platform says, "quiet as a tomb"...
i take that as..
calm before the storm...
in a good way..

MILLIONDAY UPDATE, 22 SEPT

9-22-14 Millionday: THEY HAVE STATED THEY ARE OPENING THE BUDGET THE FIRST OF OCTOBER. WHEN THE WORLD IS IN YOUR COUNTRY --- YOU DON'T GO ON VACATION EVEN IF IT IS TIME.

THEY WILL BE WORKING UNTIL THE MIDDLE OF THE MONTH NEXT – AND WHOEVER TOLD YOU THAT THEY WOULD BE OFF -- DIDN'T THINK IT THROUGH OR LOOKED AT THE WRONG THING -- THERE ARE REPORTS OUT AND IT IS EASY TO GET CONFUSED.

I THINK THERE IS NO HOLDUP AND IT IS COMING RIGHT ON TIME. I KNOW MANY HAVE CALLED IT BUT THEY HAD TO HAVE MANY THINGS DONE. THE BEST THING I HAVE SEEN IS THE STATEMENT THAT THE TERRORISTS WILL NOT STOP THE REFORMS OF IRAQ.

EXOGEN DIRECT INTEL UPDATED, 22 SEPT

Gt:So Prime Minister Abadi of Iraq will be making an announcement at the United Nations within the next 48 Hours
What announcement......I don't know!!!
Susan A. Smith:My guess: It has been announced that Abadi is travelling across the globe to attend the United Nations General Assembly Meetings, this week. Abadi is scheduled to meet with President Obama, on Wed., in less than 48 hours.

TNT TWEET, 22 SEPT

TNT Tweet: It was suggested that we wait. If we don't receive a go, we will do a call tomorrow. So far only good news, not great yet!!!#wearethepeople

Oldschool:TNT call postponed til tomorrow unless they get the go ahead . Things are starting to look real good!!! If the raindeer will not pull that sleigh we will hook up flying purple pigs and one crazy mountain goat!!!

IPETEUNOT POST FROM S3A: "EXPECT TO BE IN THE BANK ONE WEEK FROM TODAY", 22 SEPT

Stage3Alpha

"Insider's" tip on an RV date... Posted by iPeteUnot on September 22, 2014 at 3:10pm

So, I received a call this afternoon from the friend who got me in this investment in early 2013. He has big name contacts in Reno and other areas... and his conviction of this investment is the main reason that I am still here.

So he has another contact inside an International Government group that I probably shouldn't mention here. At any rate, his contact told him to expect to be in the bank one week from today. He referred to September 30th being the end of the 3rd quarter for the US and that this was somehow important to the process.

 I don't know the guy nor the quality of his intel but my friend does know him and describes him as "accurate" on his information... Of course the only accurate intel I'VE heard so far is: "No one knows the exact date or rate"...
....
Take it for what it's worth. I want to get excited but find myself a little numb at this point in the game.... and as they always say... "Treat as rumor".... 'cause that's all it might be. Hang in there guys.

EXOGEN MONDAY INTEL UPDATE, 22 SEPT

Gt:Iraq's Bills are Due.....But they have to pay with their currency (as of now we don't have a Publicly Valued Dinar Currency)

Hedge Funds are Ready to JUMP IN to Start Trading (Sitting on Pins & Needles) 

The Finish Line Flag has been Waived.....

Bank & Currency Screens Are Loading!!!

PRAY.....


the Elves are checking Santa's Delivery Lists

Prepare for Plan A & Plan B

A lot has been accomplished since know one is interested in Taking Credit!!!

Their Heading the RIGHT WAY & CHEERING them on!!!

In LESS THAN 24 HOURS.....we should hear the Announcements 

Part 2 (of the RV activation) from PM Abadi

FINGERS CROSSED!!!

Hale aliiThey can now trade internationally. Mission accomplished. The debt must be paid if they have credit.


Exogen:IRAQ HAS A PLUS CREDIT NOW, CORRECT

Oilrat:Okie says maybe only a few more hours of silence. Exo's intel thread seems similar. This is awesome news. Appreciate everyone here!!!

Susan A. Smith:Unconfirmed: Part II of the RV announcements will happen in less than 24 hours. Hoping and praying. Abadi arriving in New York at United Nations General Assembly Meetings. Pray that Santa's elves finish their tasks. Plan B.

Zimbabwe: Zim Set to Join Elite Financial Market, 22 SEPT


Zimbabwe is set to join the world's elite financial markets group and become the ninth African member country if its application is approved by the Financial Markets Association at the ACI international Meeting set for the end of this month.Upon approval Zimbabwe will join South Africa, Kenya, Mauritius, Nigeria, Tanzania, Zambia, Uganda and Ghana in the financial markets association.
ACI International will consider Zimbabwe's financial markets application at their next congress to be held at the end of this month in New York.
The approval of the application will bring Zimbabwe's financial markets to international best practices. The application for affiliation was submitted by the Financial Traders Association of Zimbabwe.
FTAZ president Mr Collen Kapende told the association's annual general meeting in Nyanga on Saturday that their application had reached the final stage.
"Following the initial ground work done by past FTAZ Presidents and committees I am pleased to inform you that we have reached the final stages in our ACI -- The Financial Markets Association affiliation application," said Mr Kapende.
"Our application is now awaiting approval from ACI international at their next congress to be held at the end of September in New York. In that regard, we are extremely grateful to our Monetary Authorities for giving us the required green light to affiliate with ACI," he said.
ACI is a leading non-profit and non-political association of wholesale financial market professionals. Members of ACI are largely engaged in financial trading or sales environment in the global financial markets representing foreign exchange, interest rate products and other securities, bank notes, precious metals and commodities and derivatives.
It has 13 000 international members from more than 60 countries.
The FTAZ's objective is to ensure that market professionals are represented in actions aimed at shaping market developments within the regulatory environment, maintenance of ethics, arbitration and advice offered in case of professional disagreements and the delivery of third party certification on a global scale (dealing certificate, operations certificate or diploma).
 
 
"Our aim is to take Zimbabwe to be in line with international best practices in terms of trading especially when we adopted other countries' currencies," said Mr Kapende.
FTAZ represents more than 100 financial markets dealers who buy and sell securities or financial instruments for and on behalf of financial institutions and analyse financial markets.
It draws its membership from 21 financial institutions including the Reserve Bank of Zimbabwe.
Turning to the market, Mr Kapende said the market continues to be gripped by several challenges which include short term deposits, low levels of liquidity, subdued interbank trading activity because of scepticism and general reservations by banks about trading in such a fragile environment, and the unavailability of the lender of last resort.
"The economy has been affected by limited foreign direct investment and lines of credit because of the perceived sovereign risk by external investors. This has had a negative impact on the quantum of available liquidity circulating in the local money market. To worsen the situation, there has been deposit concentration within the top five banks curtailing the smooth spread of the scarce liquidity across the market," said Mr Kapende.
Efforts to unlock liquidity through the Afreximbank proposed $100 million Interbank Facility are a starting point towards establishing a solid and vibrant interbank market.
"However, these efforts though generally welcome have been slow in taking off hence leaving the market in limbo with a dearth of acceptable trading paper. The market remains generally fragmented in terms of interest rates on deposits with banks long on liquidity offering softened rates while they remain largely high in banks struggling to raise deposits.
Liquid banks deposit rates range 0-10 percent on the 30-90 day horizon. Illiquid banks deposit rates range 11-15 percent on the 30-90 day horizon, according to Mr Kapende.

OKIEOILMAN UPDATE, 22 SEPT

[..okieoilman] GOOD MONDAY AFTERNOON AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS.
TODAY, THE BEGINNING OF A BRAND NEW BEAUTIFUL WEEK THAT COULD BE OF HISTORIC PROPORTIONS IN ALL OUR LIVES.


THERE ARE SEVERAL MORE THAN POSITIVE OCCURENCES TRANSPIRED OVER THE WEEKEND. ALMOST TOO NUMEROUS TO MENTION ONE BY ONE BUT IT WAS A CONFLUENCE OF ALL THE POSITIVE MOVEMENTS NECESSARY TO BRING ABOUT OUR DREAMS AND BLESSINGS.


STAY ALERT FOR NEWS FLOWING IN NEARLY ON AN HOURLY BASIS.

I WILL BE BACK WHEN AUTHORIZED WITH THE DETAIL'S THAT MUST FOR JUST A FEW HOURS BE KEPT PRIVATE.

-BLESSINGS GALORE-OKIE 9-22-14

SHREDD TIDBIT, 22 SEPT

9-22-14 Shredd: Article: "Claims to reconsider the law of economic reform" Quote:  "[economic reform] is a good idea and much needed, especially at this stage that requires the transformation of the economy totalitarian central to a market economy."

Yes, a great article to start off a Monday with!  I know we've said it many times before, but a market economy means Iraq will have a Dinar that is representative of its true value. 

AK RAYHAN FACE POST, 22 SEPT

Ak Rayhan:Abadi has announced he is now in the process of taking "tough decisions for the sake of resolving the problems, including an agreement on oil, and that would be in the interest of the Iraqi people as a whole, including the sons of the Kurdish people." PM Abadi also said today in a statement that "Parliament has full knowledge about the causes of the strengths and weaknesses of the draft law of oil and gas (HCL), AND THIS HELPED HIM TO APPROVE THE LAW." Abadi himself has stated on many occasions they are aiming for the budget to be open and implemented along with all payments to the Kurds in the coming days which would coincide with the culmination of the equation: GOI + HCL = RV.

DINAR IRAQ & DONG VIETNAM UPDATE: THE ECONOMIC SITUATION OF THE IRANIAN RIAL, 22 SEPT

The rial is the currency of Iran and, as of 2014, remains the world’s least valued currency unit.

The name derives from the Spanish real, which was for several centuries, the currency in Spain (derived from Latin regalis [regal]).

Although the “toman” is no longer an official unit of Iranian currency, Iranians commonly express amounts of money and prices of goods in “tomans.” For this purpose, one “toman” equals 10 rials. Despite this usage, amounts of money and prices of goods are virtually always written in rials. For example, the sign next to a loaf of bread in a store would state the price in rials, e.g., “10,000 Rials,” even though the clerk, if asked, would say that the bread costs “1,000 tomans.”

http://www.youtube.com/watch?v=atswd71_PYY

In 1979, 1 rial equaled $0.0141. The value of Iran’s currency declined precipitously after the Islamic revolution because of capital flight from the country. Studies estimate that the flight of capital from Iran shortly before and after the revolution is in the range of $30 to $40 billion. Whereas on 15 March 1978, 71.46 rials equaled one U.S. dollar, in July 1999, 9430 rials amounted to one dollar.

The unofficial rial vs. US dollar rate underwent severe fluctuations in January 2012 (losing 50% of its value in a few days, following new international sanctions against the CBI), eventually settling at 17,000 rials at the end of the period. This has the effect of boosting the competitiveness of Iran’s domestic industries abroad. CBI announced that it would be fixing the official rate of the rial against the Dollar at 12,260 rials from 28 January 2012 and seek to meet all demand for foreign currency through banks. One day earlier, President Ahmadinejad took the decision to liberalize the mechanism by which bank interest rates are set, granting banks the authority to raise interest rates to up to 21%.

On September 25, 2012, the Iranian rial fell to a new low, trading at 26,500 to the US dollar. The drop followed the government’s launch of a foreign exchange centre a day before, that would provide importers of some basic goods with foreign exchanges, at a rate about 2% cheaper than the open market rate on a given day. The announced rate at the centre on September 24, 2012 was 23,620 rials to USD. By early October 2012, Rial had further fell in value to about 38,500 Rials per USD in the free market.

IRANIAN SANCTIONS

In 1979, after the U.S. permitted the exiled Shah of Iran to enter the United States for medical treatment, a group of radical students took action in Tehran by seizing the American Embassy and taking hostage the people The United States responded and President Carter issued Executive Order 12170 in November 1979 freezing about $12 billion in Iranian assets, including bank deposits, gold and other properties. Some assets — Iranian officials say $10 billion, U.S. officials say much less — still remain frozen pending resolution of legal claims arising from the revolution.

After the invasion of Iran by Iraq, the United States increased sanctions against Iran. In 1984, sanctions were approved that prohibit weapons sales and all U.S. assistance to Iran. The United States also opposed all loans to Iran from international financial institutions. In October 1987, President Ronald Reagan issued Executive Order 12613 prohibiting the importation and exportation of any goods or services from Iran.

The Iran Sanctions Act (ISA) that is the basis of the current sanctions against Iran is a revised version of the Iran and Libya Sanctions Act (ILSA) that was signed on 5 August 1996 (H.R. 3107, P.L. 104-172). The act was renamed in 2006 when the sanctions against Libya were terminated. Since 2009n major economic sanctions have been leveled against Iran in effect bankrupting their economy.

IRANIAN RIAL TO BE REVALUED

Since the Obama administration relaxed sanctions on Iran, oil sales are up 25 percent, from 1.06 million barrels per day to 1.32 million, and the White House reportedly has no intention of preventing the rise in sales and consequent swelling of Revolutionary Guard bank accounts. And that’s not all. The leading economic indicators show an Iranian economy on the mend, thanks to the interim nuclear agreement struck in November. Inflation has decreased from 40 percent-plus to 20 percent and falling. The rial-to-dollar exchange rate is steadily recovering from the depths to which it had fallen in 2012. And where Iran’s GDP fell 3 percent in 2012, the IMF now projects modest increases for 2014 and 2015.

Accordingly, businesses sensing a new climate have flocked to Tehran. “Administration officials said our estimate of $20 billion was exaggerated,” says Dubowitz. “But they had to know about the secondary effects of sanctions relief. They were counting on it. It was key to their whole economic strategy of giving Iran’s economy a lift to incentivize Rouhani to deliver more on the nuclear file. As Iran’s economy continues its shift from a deep recession to a modest recovery, and Congress challenges administration officials on the impact of sanctions relief, administration officials may begin to change their tune and claim that this was their strategy all along.”

To be sure, Rouhani was elected to win sanctions relief for a beleaguered Iranian economy—and perhaps more importantly for the Revolutionary Guards.a

Once sanctions are lifted experts and speculators expect a full normalization of relations between Washington and Tehran and a full return of the Iranian economy and any losses experienced by the Rial are expected to be gained rapidly:

DINAR GURUS UPDATE, 22 SEPT

9-22-2014   Newshound Guru Kaperoni   Article quote: "After the agreement of the Presidency of the Parliament during a meeting with heads of blocs and members of the parliamentary committees on the continuation of the meetings of the Council until the 30th of September, the current, most likely politicians to postpone the vote on the candidates for the ministries of interior and defense until after the Eid al-Adha..."   So they will not name the defense or Interior until after the holiday which ends October 13th.  So at least the middle of October before they seat these ministers.

9-22-2014   Newshound Guru Millionday
    [Is it true parliaments last day is sept 25 and don't return til Oct 8th?]  THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME.   [When are they scheduled to vote on that basket of currency and economic reform laws?]  THIS WEEK THEY ARE SCHEDULED TO VOTE.   

9-22-2014   Newshound Guru Kaperoni
   Article quote:  "House of Representatives decided to continue its activities until the end of this month to resume work on the fourteenth of October next, after the end of the holiday."   So parliament will continue to work and have sessions through the end of Sept and will take a vacation/break from Oct 1- Oct 13th for a holiday (resuming on the 14th).

9-22-2014   Intel Guru Frank26
  [ I believe you are right when you said that Iraq has the last two ministers chosen. An article today said that they will vote on them after the Eid holiday which I believe ends October 14th. You also said in one of your posts that they will not announce them because then they will have to show the rate they have been using. With that logic, it appears that we will not see the IR until after October 14th at the earliest, no?]   In a religious land as Iraq is one always has to consider their respect for such holidays.  We honestly can not gauge Eid by the last years because nothing happened.  IMO, Based on traffic, Noise, Communications within the masques they will be cautious on how much they talk about finances during Eid.  Are they waiting for the IR...I Believe they are waiting for Eid to end.  IMO, Iraq GOI/CBI is privately... Secretly... Selectively... Carefully talking to Iraqi Citizens.  IMO, They are getting help to do this important thing.

9-22-2014   Intel/Newshound Guru Poppy3
  I STILL DON'T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE.  THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING.  

9-22-2014   Intel/Newshound Guru tman23
   Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.

9-22-2014   Newshound Guru Millionday
   WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL Article quote:  "...the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month..."  THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISBURSED AND IT WILL BE AT THE NEW EXCHANGE RATE. THEY WILL ALSO BE PAYING BACK PAY. 


THE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL -- SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS.  ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET --- SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL.  PARLIAMENT MEETS TOMORROW [MONDAY] AND TUESDAY.   I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS.

CLASSYONE POST FROM S3A: THE CRASH HEARD ROUND THE WORLD-SAUDIS TO REJECT USD FOR OIL PAYMENTS, 22 SEPT

Jim Willie: The crash heard Round the world-Saudis to Reject USD for Oil Payments

Posted by ClassyONE on September 21, 2014 at 7:41pm

September 21, 2014

Putin kicked out the Rothschild bankers from his country.  Putin interrupted the US Govt heroin trade supply  out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China.  Thus Russia cannot be isolated any more than a bear can be bear hugged.

The nation spans 12 time zones and is a top supplier of numerous important commodities. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.
....
The King Dollar is being displaced, kicked off its throne.  Its squire the Petro-Dollar is undergoing demise.  The Ukraine War is the US Dollar Waterloo event.

The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world.
The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference.

The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in Yuan.

When the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent.

Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.


The Crash Heard Round the World is coming.  The USDollar will be rejected, and replaced by the Gold Trade Standard. 

By Jim Willie, GoldenJackass.com

The byline should read MONEY VELOCITY HITS RECORD LOW, WHILE MONEY SUPPLY CONTINUES TO GO INTO ORBIT… SYSTEMIC FAILURE IS EVIDENT AS POLICY IS NOT STIMULUS AT ALL… THE PRINCIPAL CAUSE FOR THE BREAKDOWN IS MONETARY POLICY, WHICH IS STUCK IN PLACE.

The USFed monetary policy is killing the system, simply and boldly put. They call it stimulus, when the extreme accommodation is actually just a backdoor Wall Street bailout combined with a pass on the USGovt  discipline. No debt limit is enforced anymore, a travesty.

The United States is looking more like a Third World nation with each passing month, with colossal fraud, economic decay, war and sanctions, and no leadership.

The US Federal Reserve has ventured into very dangerous ground, putting hyper monetary inflation as the installed policy, while making money free for the  Swap machinery that operates the derivative for maintaining the easy policy.

So foreign creditors have largely exited the room, with no great entities to finance the yawning annual $trillion debt. So derivative machinery is relied upon to maintain the absurd 10-year USTreasury (TNX) yield at 2.60% without buyers.

So asset markets like the US Stock Market go to monthly new high levels, despite the USEconomy mired in the recession since the Great . The visible piece is shopping malls with one third of stores shuttered, and the jobless rate over 22% in the real world without rose colored glasses. These conditions cannot be sustained, especially since the credit machinery is all jammed.

The big US banks are insolvent structures dedicated to the bond carry trade, where that same cheap money is used to invest, often with leverage, in the long-dated maturity USTreasury Bonds. The banks serve the casino, not the business sector.

STUCK MONETARY POLICY

In no way can the current easy money policy be reversed, and put into a normal mode. In no way can the accommodation be tapered. The entire Taper Talk is a lie, and always has been a lie. The Jackass called out the USFed last June and July, and was proved correct by September. Since that time, the USFed has been lying vigorously and creatively.

The Belgium Bulge showed itself as a $400+ billion abscess visible to the world, hardly a real savings account by the small nation. It was either a Hidey Hole for USTBonds or else a loading depot for BRICS sourcing of Gold bullion for their upcoming central bank.

 In no way can the enormous bond carry trades be stopped. They are the only source of actual income for the big US banks. Their other source of narco funds . Doing so would put the carry trade engines into reverse, forcing an unwanted Bond Convexity episode of leveraged selling of USTreasury Bonds by the same large corrupted banks which are so clearly involved in the derivatives game.

In no way can the USFed hike rates, since their own outsized bond portfolio would register huge losses, only to gain ugly publicity. They after all bought the top in bonds, and continue to buy the top in bonds every month that QE continues. They are the fools buying the asset bubble at the top. See a parallel in Japan.

Red light warning signals are all over the place. The biggest in the Jackass view is the Failures to Deliver. We are told that the demand for USTreasurys is huge by the market players. It might be moderate, but surely not huge, since savings is in shortage.

When the Interest Rate Swaps are applied, using 0% money into the machinery tubes, the result is an artificial demand produced to purchase the same USTreasurys. The big US banks are required to follow through, or else to expose the entire sham game, a veritable Ponzi Scheme. 

The banks are growing in resentment. However, not enough USTBonds exist in the operating bond market to satisfy such outsized contrived demand out of machinery. The result is Failures to Deliver, the warning signal of a fabricated rigged market. This Third World nation has fancy machinery indeed.

SMOKING GUN GRAPHS IN CONTRAST

The answer to the US bond riddle lies in corrosive ruinous effect of monetary policy, now in its fourth year. They said the 0% ZIRP would be just for a few months, but they lied. The Jackass said in 2009 that it would be permanent.

 They said QE bond monetization would be just for a few months, but they lied. The Jackass said in 2011 that it would be permanent. We were taught by central bank mouthpieces for years that a little inflation is good, but a lot is bad. We were taught in economics classes that hyper inflation destroys the entire system eventually, like in Third World nations. Yet QE (hyper monetary inflation) and ZIRP (free money) respectively cause capital destruction with retired equipment and distorted asset prices with no reward to savers.

The two graphs show in clear terms that QE is not stimulus, and ZIRP is a wet blanket. Together they are causing economic collapse with systemic failure.

 The Jackass words have sounded exaggerated and fantastic for years, actually since the Lehman failure, a basic scuttle killjob done by Wall Street criminal banks in order to protect Goldman Sachs from sinking. The two graphs show a Money Velocity down almost 4-fold while Money Supply is up 3.5-fold. You decide if it translates to systemic failure. Jackass says resoundingly yes.

This is broken US financial system and thus a broken USEconomy, the consequence of heretical injurious damaging monetary policy. The greater tragedy is that it cannot be removed. Putting a halt to the QE monetary spigot means letting the financial markets collapse, bond yields to rise, stock indexes to fall, carry trade to go into reverse, and consumer lending to dry up.

 So the QE spigot continues in a slow death dispensing acid, rather than causing a sudden death.

The story sold on the highly corrosive and assuredly ruinous monetay policy is of stimulus. The only stimulus is for the big US banks to continue recycling their worthless bond assets to the USFed as buyer of last resort.

The USFed has been totally wrecked in the process, a good thing since the HQ of the banking crime syndicate. The only stimulus offered is to the big US banks to continue with carry trade projects instead of lending toward capital formation in the business sector.

The big banks are able to keep the derivative game going with free money, to maintain the Whirling Dervish platform of vaporous mass. The result has been a systematic assault on capital.

The USEconomy has entered a feedback loop of capital destruction, job cuts, and reduced activity. It cannot be stopped. The results of much lower Money Velocity stands as screaming evidence of failure in monetary policy.

 The moribund activity means capital is being ruined, not functioning, not producing the wanted output. The slower turnover in the USEconomy is not from hoarding of cash. The participants are suffering a shortage of money, often struggling to survive. Putting money in mattresses is an absurd concept when struggling to pay the rent and buy the food and pay the utilities.

The beneficiaries of the easy money are the big US banks. They are also suffering a shortage of money, since the derivative holes are acting like sewers to drain their capital. Their capital ratios are not good, and the harsher Basel III rules have been delayed. No cash hoarding evident anywhere.

LOGICAL CONCLUSION

The logical end is systemic failure, USGovt debt default, war to defend the USDollar and the USTreasury Bond.

 The USDollar has become the ticket that when refused, invites war. The USTBond has become the toxic element in the banking systems. The Western chambers in the US, UK, EU refuse to liquidate the big banks and work toward the Gold Standard return.

So the Eastern chambers in Russia, China, and BRICS nations will pursue the return to the Gold Trade Standard with a growing alliance in support. They are accumulating gold in volume.

The pathetic explanation is left as the final word, by the USFed. They are out of answers, out of policy solutions, and out of integrity.

The central bank franchise system has failed. The bankers are cornered, some being murdered. Others might be prosecuted. They are the principal cause of the systemic failure, the other cause being the massive outsourcing initiatives over three decades and the outsized USGovt social welfare state.

The bigger principal cause of the systemic failure is the US War Machine, which has been around longer than the debutante Fascist Business Model that made its introduction in 2002. Half the $17 trillion in USGovt debt comes from war spending.

 They defend the indefensible USDollar, but also the narco business. As footnote, Russian President Vladimir Putin committed two deeds that infuriated the Western bank cabal supra-national leaders.

Putin kicked out the Rothschild bankers from his country. Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China.

Thus Russia cannot be isolated any more than a bear can be bear hugged. the nation spans 12 time zones and is a top supplier of numerous important commodities. The theme is a constant item in the Hat Trick Letter reports. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.

The attempts by the USGovt to impose sanctions will result in the United States being isolated, another steady theme in the Hat Trick Letter.

The Federal Reserve published a report. It is laughable. They blame the public, the citizens, the victims. They talk endlessly of a sluggish recovery like fools and charlatans. THE FOLLOWING IS RUBBISH AND FLIMSY. The StLouis Fed stated the following.

“The issue has to do with the velocity of money, which has never been constant, as can be seen in the figure below . If for some reason the money velocity declines rapidly during an expansionary monetary policy period, it can offset the increase in money supply and even lead to deflation instead of inflation. During the first and second quarters of 2014, the velocity of the monetary base2 was at 4.4, its slowest pace on record. This means that every dollar in the monetary base was spent only 4.4 times in the economy during the past year, down from 17.2 just prior to the recession. This implies that the unprecedented monetary base increase driven by the Fed’s large money injections through its large-scale asset purchase programs has failed to cause at least a one-for-one proportional increase in nominal GDP. Thus, it is precisely the sharp decline in velocity that has offset the sharp increase in money supply, leading to the almost no change in nominal GDP.

So why did the monetary base increase not cause a proportionate increase in either the general price level or GDP? The answer lies in the private sector’s dramatic increase in their willingness to hoard money instead of spend it. Such an unprecedented increase in money demand has slowed down the velocity of money.” Rubbish!! The surge of money killed capital!!

GOLD STANDARD RETURN

It is coming. It will be painfully slow in its return. It is the only answer, the avoided solution.

As long as QE & ZIRP are in place, highly destructive forces will remain at work, ruining capital within economic structures, distorting asset values in financial markets, leading to gross misallocation of assets, and forcing the system into breakdowns under constant aggravated strain.

The monetary policy cannot remain in place indefinitely, since so destructive and disruptive. Time is not on the bank cabal side.

The Eastern Alliance will continue to work toward installation of the Gold Trade Standard. It requires and has successfully seen a growing boycott and rejection of the USDollar in trade settlement.

The Chinese RMB has been making important inroads to establish Swap Facilities that avoid the USDollar in usage, while more RMB Hub sites are being constructed like giant pillboxes in the Global Monetary War.

The King Dollar is being displaced, kicked off its throne. Its squire the Petro-Dollar is undergoing demise.

 The Ukraine War is the USDollar Waterloo event. The Kiev Regime fascist leaders have begun to bug out, the IMF $3.2 billion loan funds now gone missing. The big Eastern energy deals are underwritten in Rubles and Yuan, no longer the USDollar, another recent correct Jackass forecast.

The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world. The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference.

The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in Yuan currency.

When the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.

The reaction by the USGovt and USFed will be full of intrigue and desperation. The USFed will be in overdrive with its interest rate derivative machinery active, to prevent a US debt default event or a visible derivative event with another whale beached in full view.

The USGovt will be cornered into launching a new domestic currency, a Scheiss Dollar. The USEconomy will react in its own way, with price inflation, supply shortage, and growing chaos with violence. The hint of what comes is seen in the devastating situation in Venezuela, whose tragedy few are paying attention to.

They are exporting their essential products (beans, rice, oil) in order to raise hard currency and to prevent a domestic currency collapse. The same will be done in the United States. The early example of exported essentials is of hayfeed for livestock, heading to China from US farms on a growing basis.

SLADE POST FROM TNT: Vice President at the Eagle Airport in Gypsum Colorado on Friday. Your TNT family was there. , 22 SEPT

SLADE: I was loading cars for Hertz when VP Biden landed at the Eagle Airport in Gypsum, Colorado. I was also in Aspen and yes there were a herd of aircraft. I was actually questioned by Secret Service because of where I was parked.

I have a picture of Air Force 2 if I can figure out how to upload. I was actually listening to TNT replay when Secret Service questioned me. It was actually quite ironic.

I guess the reason the Secret Service guys questioned me was that just after I loaded my 8 cars going back to Denver, I drove 1/4 mile to the other end of the runway to watch the festivities. I guess they thought our big truck looked suspicious?


I guess the reason the Secret Service guys questioned me was that just after I loaded my 8 cars going back to Denver, I drove 1/4 mile to the other end of the runway to watch the festivities. I guess they thought our big truck looked suspicious?

 
 

LANE1214 POST FROM TNT: MY BANK STORY, 22 SEPT

LANE1214: I have been looking around for second tier banks to deal with on the exchange. First of last month, Frost Bank was the one and only bank I called. I asked to speak to a branch manager and didn't waste anytime. I asked if Frost Bank would be involved in the currency exchange of the Dinar, Dong etc. He said they had a large meeting concerning this issue and decided not to be a part of the exchange. However, he did say, he would love to hear back from me after the exchange so we could do business.
Confirmed by him - they had a meeting about it - that is all that matters. I will be calling him back after the exchange. I can tell you that right now.biggrin

TNT CHAT UPDATE, 22 SEPT

TNT:

Kirkwood:  IT IS HERE...it will be here before the next weekend,,,, i pray tonight... action into the bank monday.... just know .....everything is done and ready ....we will win and we have won...GOD BLESS USA AND THE WORLD

Iko Ward:  Rupia nearly zero after some light trading late last night… Guys, we look good

Maddendomination: 
IKO this is a first isnt it?

Smartblonde55:  I ko..thanks for update. Is that unusual to see no movement on a Monday morning?

Iko Ward:  Yes, it is more than unusual, it is unprecedented.

DINAR IRAQ & DONG VIETNAM UPDATE: THE IRANIAN RIAL REDENOMINATION BILL, 22 SEPT

Sunday Sep 21, 2014

'CBI to present Iranian Rial redenomination bill'

Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani says the bill to drop four zeros from the Iranian currency, the Rial, will be submitted to Parliament (Majlis) within the next three months.
“We will have meetings with Majlis [lawmakers] and we will offer necessary explanations in this regard,” Bahmani said in an interview with IRNA on Monday.
“If we can garner the complete support of Majlis this -- in other words dropping four zeros [from the Rial] -- will happen smoothly,” he added.
The CBI Governor believes that currency redenomination is a good idea, and says this is the result of a 24-month study and would strengthen the national currency.
Meanwhile, some economists are concerned about the adverse effects of such a move on the rate of inflation in the country.
“First of all, we have to control the inflation. This is the first prerequisite in fact to have a successful implementation. Right now, we are facing hyper inflation as well as what is called “spiral inflation,” Hossein Raghfar, an economics professor at Tehran's al-Zahra University, told Press TV last Wednesday.
Some experts say under the current circumstances it is difficult to predict future economic developments.
This is another stage of implementing President Mahmoud Ahmadinejad's comprehensive economic reform plan.
Iran's Minister of Economic Affairs Shamseddin Hosseini says the government has discussed the details in the economic commission and is preparing a bill to present to the parliament.
Absolutely convinced that currency redenomination is a good idea, head of the Central Bank of Iran says this is the result of a 24-month study and will be implemented in three years.
In the mean time the central bank of Iran is staring a new website on Saturday to provide more information as well as a platform for experts and the public to discuss their views regarding the issue.
Iran's Money and Credit Council, M-C-C, will have to confirm the plan and the parliament and the Guardian Council will have to ratify the changes before any of the zeros are lopped off.

MILLIONDAY TIDBIT, 22 SEPT

9-22-14 MilliondayTHE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL -- SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS. ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET.

SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL.  PARLIAMENT MEETS TOMORROW [MONDAY] AND TUESDAY. I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS.
WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL.
Article quote:  "...the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month..."

THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISBURSED AND IT WILL BE AT THE NEW EXCHANGE RATE. THEY WILL ALSO BE PAYING BACK PAY. 

KIRKWOOD TIDBIT: IT IS HERE!!, 22 SEPT

Kirkwood:IT IS HERE...it will be here before the next weekend,,,, i pray tonight... action into the bank monday.... just know .....everything is done and ready ....we will win and we have won...GOD BLESS USA AND THE WORLD