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Tuesday, December 23, 2014

INDONESIA RUPIAH & SECOND BASKET CURRENCIES DISCUSSION FROM TNT , 24 DEC

INDONESIA RUPIAH :

SANYOMAR: Does anyone know what rate popped up lately for Rupiah?  Haven't heard much about it.

ROGUE:     $1.08

SECOND BASKET CURRENCIES DISCUSSION ( MY OPINION ONLY!):

ADEPT1: I just received and replied to this excellent question by PM.  Perhaps this discussion will be useful to others, so I am posting here.  NOTE:  I am not any kind of investment or financial advisor;  please consult professionals!

Question:  DC mentioned that if the two other currencies are low in rate when it RVs, he might wait for the 2nd basket..but he mentioned something about if we can participate in the 2nd basket.   How can we find out if we will be able to participate in the 2nd basket though?  Where do we look or who do we ask?  Otherwise, if we can't exchange after the lst basket, we would be losing a lot of money if we wait.  Thanks for any help you can give.   :)

My answer: 

You participate in the second basket by holding and waiting... but I don't know how to judge when or if that is feasible.  Tony has said all along that a) you need knowledge and nerves of steel and b) they will probably change the rules so that only "qualified investors" can take part.  That usually means people with assets of ten million dollars or more (I think that's what I heard Tony say).

On the other hand, there is nothing stopping you from exchanging most or all of your secondary currencies and saving some in case.  My impression (and it is only my impression) is that ZIM is the most likely to be in the second basket as well as the first.  As Zim is very cheap right now, I think your best strategy is to exchange ALL your dinar and dong at contract rates, and some of your Zim, holding back some Zim in case it revalues again.  That means you will get plenty of money to live on while risking little if the Zim doesn't show up in the second basket.  Other currencies to consider might be the South African rand, the Indian rupee, and possibly several of the undervalued South American currencies -- check Chile and Argentina particularly.  Any of the BRICS countries are reasonable bets -- that would be Brazil, Russia, India, China and South Africa -- and Mexico seems about to bloom as well. South Korea and Turkey also show some promise.  (For further ideas, you might want to check the group called N-11:  http://en.wikipedia.org/wiki/Next_Eleven.  These are the countries considered likeliest to develop next.)

Please note - this is only my opinion, and although I'm pretty good at digesting the information we get, I am not any kind of currency trader or investment adviser.  My plan is similar to DC's:  I will get the highest contract rate I can find, and then I'm done with currrencies and onto structuring an endowment fund for my private charitable foundation!

MILLIONDAY TUESDAY NIGHT, 23 DEC

Millionday: THE NEWS IS SO GOOD I AM SO EXCITED TO SHOW YOU
Millionday: IT IS GOING TO BE A GREAT ONE AND ALSO --- IT SHOWS JUST HOW CLOSE WE ARE RIGHT NOW --- IT IS JUST LIKE A --------WHOOOOPOW
Millionday: I HOPE EVERYONE IS IN TONIGHT -- IT IS SUCH A GREAT NEWSTIME
Millionday: MASSIVE NEWSTIME AND ALL HUGE HUGE PROGRESS


Millionday: BUT THIS IS ALL ACTION AND NOT RESEARCH -- ALL ACTION DONE BY IRAQ
Millionday: Fatlawi promised investment Academy nerve essential foundation which exceeds its economic borders to the security and political aspects of society. The professor of international relations at Baghdad University, Dr. Basma Alaoqati »Sabah» that investment is the beginning of the starting sequence solutions to all economic problems, pointing to the need to develop economic relations with the countries of the region and the world and create frameworks for foreign partnerships with investors by finding solutions to the complexities Tusbandm inside and outside the country .
Millionday: NOTE -- THEY HAVE BEGUN ALL ECONOMIC STEPS FOR INTERNATIONAL RELATIONS WITH THE REGION AND THE WORLD
Millionday: strategies aimed She noted that the state of health of the economy is reflected finding strategies aimed at attracting foreign investments as a result of availability of positives and advantages to countries that lack the technological aspect, in particular, accompanied by reflections on the social aspect by providing job opportunities for the unemployed and training on modern technological methods usually so entrance to alleviate poverty and reduce unemployment as much as possible of the workers and the withdrawal not to mention the speed to do projects and private projects that have a contactless lives of citizens, particularly the housing projects suffered by the country's approximately four decades.
Millionday: NOTE -- THE BEGINNING OF THE ECONOMIC REFORMS AND ALSO THE INTERNATIONAL CONTRACTS ARE DESIGNED TO MINIMIZE THE UNEMPLOYMENT AND ALSO POVERTY WHILE BEGINNING ALL PROJECTS POSSIBLE AS FAST AS POSSIBLE
Millionday: Noted Alaoqati in responding gallery for Question »Sabah» about the possibility of going out of the financial distress of Iraq due to the decline in world oil prices that there are aspects of the force must be activated and to benefit from the effect involves the federal budget funding warning to continue relying on revenues of natural resources.
Millionday: NOTE -- THE PROJECTS THEY ARE BEGINNING WILL HELP WITH IRAQ`S ECONOMIC CONDITION DUE TO THE TIME THAT HAS GONE BY WITH ONLY OIL AS REVENUE DUE TO THE MOVE TO THE MARKET ECONOMY AND PRIVATE SECTOR REVENUES -- SO THE ECONOMY WILL NOW BE MOVING IN THE RIGHT DIRECTION
Millionday: finance budgets and urged the need to diversify sources of income to finance the budget and increase the gross domestic product and the disposal of the case lax in industrial activity and other activities in the light of the current crisis experienced by the rents oil and the decline in world oil prices. concluded Alaoqati her reference to the importance of speed to take serious steps in the investment aspects of being a component basis in the field of development and as part of the approaches and solutions to economic issues and the transition to a new level of sophistication befitting Iraq, she said.
Millionday: THE MOVE OF ALL OF THESE CONTRACTS WILL BE DONE WITH GREAT SPEED DUE TO THE LOSS OF REVENUES DUE TO OIL PRICES AND THE LACK OF DIVERSITY WITHIN THE GDP-- THE STEPS NEEDED IN IRAQ`S DEVELOPMENT INCLUDE SPEED IN THE MARKET TRANSITION -- THE MARKET TRANSITION REQUIRES THE REALITY RATE FOR THE DINAR AND GLOBAL TRADE

Millionday: BRB WITH MORE
Millionday: Economic reform conference, which was held under the auspices of the Liberal bloc in the presence of a number of MPs and economists in a good hotel, the government set up a development bank allocates a capital of 1% of the general budget to support economic sectors, and the development of investment through the granting of facilities and privileges to investors.
Millionday: NOTE --1% OF THE BUDGET IS FOR THE DEVELOPMENT BANK TO SUPPORT ECONOMIC SECTORS AND SOME OTHER NEEDS OF INVESTORS THAT WILL COME WITH DEVELOPMENT
Millionday: He Abdalhassan Shammari head of the industrial assembly and a member of the Investment Committee problem within the Conference of the Agency / BD /: "The Conference of economic reform was held under the auspices of the political body of the bloc Liberal headed by Deputy Prime Minister Bahaa al-Araji, in the presence of a number of members of the committees of Economy and Finance Alniabaten and the advisers in the prime minister, as well as for experts and specialists in economic affairs, so as to support economic sectors and face the crisis of lower oil prices.
Millionday: NOTE --- THE CONFERENCE OF THE ECONOMIC REFORM WAS ATTENDED BY MANY OFFICIALS AND EXPERTS AND COMMITTEE MEMBERS--ADVISORS OF PM ETC
Millionday: He added: "It was formed three committees in Congress is a committee (investment and expenditure and income) for the study of the current economic situation and come up with recommendations and decisions serve the Iraqi economy," he said, adding that "the most important recommendations that I've made the investment committee at the conference is to invest to develop and solve the land granted to investors problem and the land must be delivered from the state departments to the Investment Authority within 60 days from the date of implementation of the resolution as set forth in Article Investment Law No. 13 of 2006 ".
Millionday: NOTE -- THEY SET UP 3 COMMITTEES--AND STUDIED ALL PLANS AND DECISIONS-- THEY ALSO DELIVERED THE RESOLUTION THAT ALL INVESTORS THAT RECEIVE LAND GET IT WITHIN 60 DAYS

Millionday: NOTE -- HERE ARE THE REST OF THE DECISIONS MADE >>>>>
Millionday: He continued: Among the decisions reached by the Investment Committee is to agree on the establishment of a development bank investment supports economic sectors of large strategic projects, where he devoted his 1% of the general budget for a period of seven years and extended for another seven years, "pointing out that al-Araji convey these recommendations and decisions to the Presidency of the Council of Ministers for discussion and implementation.

Millionday: And between Shammari: "This conference will present the program of the government, through the pressure of expenses and maximize resources and run economic sector of agriculture, industry and tourism, and others for the advancement of Iraq economically and not rely on oil as a key resource in the budget and the development of appropriate mechanisms and this blurted good after exposure oil prices to fall sharply." .

He said: "These decisions we consider Ksnaaaan supporter of small and medium industries in order to eliminate unemployment and poverty scalable" .
Millionday: THIS CONFERENCE WAS THE BOW ON THE ECONOMIC REFORM AND JUST GOING OVER EVERYTHING SET UP AND ALSO THE ANNOUNCEMENTS/EXPLANATIONS OF THE DEVELOPMENT BANK FOR IRAQ`S ECONOMIC REFORMS --- THE DECISIONS MADE ARE VERY GOOD AND SUPPORT ALL % OF THE GDP -- LOVE IT LOVE IT
The Shoe: If I am understand you correctly you are saying all of this will start now.
Millionday: NO I HAVE NOT GIVEN ANY TIME LINE HUN -- THE CONFERENCE HOWEVER IS DONE
faith1: get it ( land ) within 60 days of implementation of reality rate ?

Millionday: THE LAND MUST BE DELIVERED IN OWNERSHIP PER LAW FROM 2006 STILL IN AFFECT

Millionday: BRB WITH MORE SMILE
Millionday: Iraq's oil minister said, Adel Abdul-Mahdi, in a press statement today, we will sign a final agreement with the Kurdistan region over oil exports in the weeks Almqublh.
Millionday: THEY HAD A PRESS STATEMENT TODAY BY THE OIL MINISTER STATING THAT ALL AGREEMENTS WERE DONE WITH ERBIL AGREEMENT AND THE FORMAL SIGNING WILL BE SHOWN IN A COUPLE WEEKS OR SO

Millionday: BRB WITH MORE
Millionday: Last week, Baghdad and Erbil announced that they had reached a deal to end a lingering oil and budget dispute. Under the agreement the KRG will sell 550,000 barrels of oil a day, including 300,000 from Kirkuk province, through the Iraqi state-owned Oil Marketing Company (SOMO).
In return, the government of Prime Minister Haider Al-Abadi will start sending the Kurds about $17 billion, which is their share of the national budget, and an additional $1 billion for weapons and salaries for the Kurdish Peshmerga force.
The agreement should end a year-long crisis during which the government of former prime minister Nuri Al-Maliki ordered a freeze on the KRG’s share of the national budget over an oil dispute when Erbil started selling its crude independently.
Millionday: NOTE -- LAST WEEK THE DEAL WE READ ABOUT WITH IRAQ FEDERAL AND KURDISTAN WAS ACCEPTED AND THEY BOTH AGREED
Millionday: While Al-Abadi’s government put out a vague statement, saying that the agreement “has established that the oil belongs to all Iraqis,” the deal was immediately declared as a breakthrough by Kurdish leaders. Some Kurdish politicians even celebrated the deal as representing consent by Baghdad to Kurdish claims to Kirkuk and other disputed areas.
There are not enough details, however, to confirm whether or not the deal is a breakthrough. It is only a one-year agreement that will cover Iraq’s 2015 state budget and clearly states that exports will be made through SOMO’s facilities in Ceyhan in Turkey
Millionday: NOTE -- THE AGREEMENT WAS THE TEMPERARY HCL THAT WE READ WAS PUT IN PLACE TO SPEED UP THE BUDGET AND THE AGREEMENTS NEEDED TO MOVE THROUGH SOMO
Millionday: The question that arises is not how the new deal was reached but why it happened now. Kurdistan has battled for years to secure exports of oil away from Baghdad’s supervision and has defied all efforts by the federal government to control the crude’s flow.
The KRG is already entangled in legal battles, including a court case in Texas filed by Baghdad to block Kurdish crude exports. In response, it has filed an appeal to overturn the Iraqi requests.

Millionday: While the plunge in the crude prices serves as a reminder of how geopolitically significant oil prices can be, there are other factors that must have influenced the Kurdish decision to agree to a deal with Baghdad that ends their independent export of oil.
A national homeland for the Kurds in Iraq has always been a nightmare for Iraq’s neighbours, with a potentially detrimental impact on regional stability. It could lead to the division of Iraq on ethno-sectarian lines and create a ripple effect throughout the region. If that happens, oil won’t save Kurdistan from a messy and even bloody Middle East.
By signing last week’s agreement, the Kurds must have realised that they will run high risks if they continue to give the independence option priority over tangible economic interests and regional stability. That could be reason enough for the KRG to look into a different scenario, at least for now.
Millionday: IT GOES WITHOUT SAYING THAT THE REVENUES OF OIL FOR IRAQ AND THE KURDISTAN REGION ARE CURRENTLY DEPENDENT ON CRUDE OIL AGREEMENT AND SO IS THE BUDGET SO IT WAS NECESSARY FOR IRAQ FEDERAL AND ALSO THE KURDISTAN REGION TO REACH THIS AGREEMENT TEMPORARY OR PERMANENT -- THE POINT BEING THAT THE LOWER PRICE OF OIL REQUIRES THE NATION TO MOVE TO A MARKET ECONOMY AND BRING IN SOME MONEY -- DINARS AND LOTS OF THEM --- SO HUGE COMPROMISE THAT HAD TO BE MADE AND IT SHOWS THAT THEY WILL WORK FOR THE GOOD OF THE PEOPLE TOGETHER --- HUGE AND HISTORICAL CHANGE TO SAY THE LEAST

Millionday: BRB WITH MORE
Millionday: instructed the Prime Minister to form a joint committee to look into the organization for the management of oil and gas laws package is a modern advanced management commensurate with the economic and financial conditions that Amrabha the country, and take into account the difference between the central government and the province to resolve past differences and the implementation of the agreement that has been recently.
Millionday: NOTE -- A MONITORING COMMITTEE TO MAKE SURE THE ERBIL AGREEMENT IS FOLLOWED

Millionday: WHOOOPPPPPPOOOOOWWWW>>>>>>>>>>>> 
The «Committee will start work soon to reconsider the important laws, including the Oil and Gas Act and the National Oil Company and the law of the Ministry of Oil and financial resources plus her law regulator to set up the ranks of investment and oil derivatives and their relationship with the investment law No. 13 average.
Millionday: NOTE -- THE HCL /NATIONAL OIL COMPANY (DOWN FOR YEARS) AND THE LAW OF RESOURCES FOR THE M-OF-OIL AND RANKS OF INVESTMENT ETC
Millionday: «the decision is aimed at the development of draft laws and create legislation to implement the agreement, which was recently between Baghdad and Erbil on oil exports and imports mechanism.»

Millionday: SO THIS WILL BE ABOUT THE REVENUES AND PAYMENTS MADE FROM THE ALLOCATIONS OF THE BUDGET AND PAYMENT TO FORCES AND AGREEMENTS MADE

Millionday: BRB WITH SOME WHOPPERS

Millionday: NOTE -- I AM BRING 3 IN A ROW THAT ALL HAVE TO DO WITH THE OTHER SO HOLD YOUR HAT

Millionday: NOTE -- TODAY THIS HAPPENED>>>>>>>>>>>>>>>
Millionday: A spokesman for the Office of the Prime Minister tributary Jabouri, on Tuesday, for the approval of the Council on the adoption of the draft general budget law, explaining that Hjhma of 123 trillion dinars, as he emphasized the formation of a ministerial committee to make some arrangements and sent to parliament. 

Jabouri said in an interview for "Alsumaria News", "The Council of Ministers approved today a draft state budget law, "noting that" the size of 123 trillion Iraqi dinars. "

Millionday: Jabouri said that "the Council has formed a committee headed by Prime Minister Haider al-Abadi and membership Deputy Prime Minister Bahaa al-Araji, the ministers of planning Salman Jumaili and financial Hoshyar Zebari and transport Zubaidi statement and Education Hussein al-Shahristani, to complete some things and arrangements in the budget in order to shift to the House and be in a better image. "
Millionday: NOTE --------------BUDGET READY -- HAS A COMMITTEE TO MAKE THE FINAL CHANGES THEY ALL AGREED ON TO HAVE IT PRESENTABLE

Millionday: THIS WAS DONE YESTERDAY >>>>>>>>>>>>>>>>>
Millionday: He added that most of these funds will be invested by the Ministry of Transport and the Ministry of Industry the fact that most of the Kuwaiti investment companies in these sectors.
And the date of adoption of the budget Jubouri likely approval during the current week.
Millionday: NOTE -- KUWAIT IS WAITING ON SOME UNTIL 2016 BUDGET AND THE REST IS ARRANGED IN TRADE AGREEMENTS -- SO ALL AGREED ON AND THAT HUMP IN THE BUDGET THAT WAS HOLDING IT UP IS OVER

Millionday: THIS IS TO BE DONE BY EMERGENCY ON THE SPOT THURSDAY >>>>>>>>>>>>>>>>>
Millionday: Office of the Speaker of Parliament Saleem al-Jubouri, on Tuesday, the latter called for an urgent special meeting of the Council of Representatives held next Thursday to discuss the draft 2015 budget. 
The source said in an interview for "Alsumaria News" that "Parliament Speaker Salim al-Jubouri called for an urgent special meeting of the Council of Representatives held in the eleventh hour of the next Thursday."

Millionday: "The purpose of the hearing is to discuss the draft budget law for fiscal 2015 and approved on the spot." 

The Council of Ministers approved, earlier Tuesday, the draft federal budget law for 2015 and forwarded to the House of Representatives after the formation of a committee headed by Prime Minister Haider al-Abadi and membership deputy Bahaa al-Araji, finance ministers and planning, higher education, scientific research and transportation, to review and re-formulations of some materials Legally.
Millionday: NOTE -- THE COMMITTEE THAT WAS FORMED TO MAKE THE BUDGET INCLUDE WHAT THEY HAVE AGREED ON ENTIRELY IS MADE UP OF >>>>>>>formation of a committee headed by Prime Minister Haider al-Abadi and membership deputy Bahaa al-Araji, finance ministers and planning, higher education, scientific research and transportation,
Millionday: NOTE ----------------------------------------------WHOOOOPOOOOOWWWW--------THE BUDGET IS TO BE VOTED THROUGH ON THE SPOT ON >>>>>>>THURSDAY<<<<<<<<< MERRY CHRISTMAS!!!!
marsha: well i have to ask if the budget is done thurs does that mean fri is our day?
Millionday: NO ---- IT MEANS THAT THE BUDGET WILL BE DONE AND IRAQ WILL BE READY FOR MONEY TO BE DISPURSED TO ALL PROVINCES FOR CONTRACTS --- BUT NO ONE KNOWS THE DATE OR THE RATE
RRathbun: I waS commenting on the diversified committees
Millionday: THE COMMITTEES ARE CERTAINLY MADE UP OF EVERY REPRESENTATIVE THAT WAS NEEDED -- ALL OF THE ISSUES THEY WERE FINISHING IS REPRESENTED BY ALL OF WHAT THE COMMITTEE IS MADE UP OF -- LOVE IT
DeeSP: So it doesn't have to be read? It is done?
Millionday: DEE THEY STATED THAT THEY WILL ONLY BE APPROVING IT ON THE SPOT IN AN EMERGENCY
The Shoe: Never mind. I thought that we had been told the budget and rate would go together.
Millionday: I HAVE NOT SAID THAT WHEN THE BUDGET IS DONE THE RATE WILL BE RELEASED ?
timandjulie: what could possibly delay it now
Millionday: I DONT KNOW OF ANYTHING THAT WOULD DELAY IRAQ ENTERING THEIR COUNTRY TO A MARKET ECONOMY -- THEY HAVE ANNOUNCED THEY ARE IN THE MIDDLE OF THE TRANSITION TO A MARKET ECONOMY SO I DONT EVEN HAVE A GUESS BUT -- I ALSO DONT KNOW THE RATE OR THE DATE AND ANYONE THAT TELLS YOU THAT THEY KNOW THE DATE OR RATE -- THEY ARE NOT TELLING YOU THE TRUTH
donnie: "APPROVING IT ON THE SPOT IN AN EMERGENCY" does the budget have to be made law and appear in the Gazette?
Millionday: DONNIE -- THE WAY THEIR LAWS ARE MADE "LAW" IS THAT THEY READ IT TWICE AND VOTE AND THEN THEY ARE LAW BY PRINTING THEM IN THE GAZETTE --- SO THE THING IS THIS

Millionday: I HAVE STATED FOR A LONG TIME THAT EVERYTHING WILL BE DONE ALL AT THE SAME TIME BECAUSE THEY ARE DEPENDING ON EACH OTHER IN ORDER TO NOT BE UNCONSTITUTIONAL OR EVEN AGAINST FEDERAL/INTERNATIONAL/COMPLIANCE-LAW -- SO I SEE IT AS THIS

Millionday: THEY WOULD BE ABLE TO HAVE ALL LAWS VOTED THROUGH AND THEN HAVE A MASSIVE PRINT IN THE GAZETTE THAT WOULD KEEP THEM FROM BEING AGAINST THEIR OWN LAWS IN GOVERNMENT OPERATION -- BUT THAT IS MY THEORY OF HOW THEY COULD ACCOMPLISH THIS --- THE ANSWER IS YES
Millionday: OK THAT IS ALL OF THE NEWS FOR TONIGHT THAT IS OF INTEREST TO US

Millionday: THANK YOU AND MERRY CHRISTMAS TO ALL OF YOU AS WELL - SMILE

TNT CHAT WITH ALREADY BLESSED, 23 DEC

Already Blessed wrote THERE IS A CALL SCHEDULED - TONY WILL TWEET IF THERE IS ANY CHANGE
      
Already Blessed wrote
ACTUALLY TONY WILL SEND A TWEET WITH THE LINK IF OUR SCHEDULE DOESN'T CHANGE ... SO TONY WILL SEND A TWEET REGARDLESS....NOW YOU SEE WHY IT IS A GOOD THING I AM NOT DRINKING?

Already Blessed wrote
THERE IS NO BAD NEWS....EVERYTHING IS STILL GREAT...YOU ALL HAD AMAZING "PROOF" IN THE ARTICLES THAT CAME OUT TODAY...NOT SURE WHAT ELSE YOU NEED?
 
Gkm wrote
AB...are things still great today?
Already Blessed wrote GKM - YES

Already Blessed wrote
WE ARE IN A GREAT PLACE

Sparticus1027 wrote
AB Has tony confirmed the Wells Fargo Announcement?
Already Blessed wrote
NO SPARTICUS....WE HAVE NO INTEL OR PERSONAL EXPERIENCE TO CONFIRM THAT POST OR EAGLE'S, SO WE WILL JUST SIT BACK AND ENJOY THE SHOW

Already Blessed wrote
JUST BECAUSE WE CAN'T CONFIRM IT ....YET..... DOESN'T MAKE IT WRONG...WE JUST HAVE TO WAIT AND SEE....

Already Blessed wrote
CAREFUL GUYS...NO BASHING ...ESPECIALLY INTEL PROVIDERS AND I HAVE A TRICKY TRIGGER FINGER TONITE :)
Already Blessed wrote IT IS TOO SOON TO HAVE THE WHOLE PICTURE....GIVE IT A LITTLE TIME AND LET THE CARDS PLAY OUT .... UNTIL THEN...JUST ENJOY THE SHOW
    
IdahoUSA wrote
Note from Janie: Now, the question of the moment is......... if WF is willing to offer $1.68, just what the heck IS the hidden rate that it's trading at (that we're not supposed to see) - my bet is, $2.69 -- that was the rumor last week. AND, how can WF state for sure that there's a flat 22% tax on the exchange? things that make you go "hmmmm"

EXOGEN UPDATE: " Wait Until You Hear What Wells Fargo Did Today!", 23 DEC

Stage3Alpha:

EXOGEN
 December 23, 2014 at 6:59pm

WAIT UNTIL YOU HEAR WHAT WELLS FARGO DID TODAY!!!!!!

ABSOLUTELY AMAZING, INCREDIBLE, AND MIND BLOWING..............

NEW STORY...............

NEW BANK MEMORANDUMS SENT OUT.......

INTERNAL EMPLOYEE FIRES IGNITING NATIONWIDE...............

TIER 1, TIER 2, AND TIER 3 BANKS CLOSE TO FULL EXPOSURE AND DISCLOSURE ON HOW # 1 BECAME # 1
....
WEALTH MANAGERS FROM WELLS FARGO HAVE BEEN CALLING PEOPLE TODAY SAYING WE NOW RECOGNIZE THE CURRENCIES YOU HOLD ARE REAL..........

EXCHANGES COMPLETED TODAY IN PA, WITH DONG AT $1.68 AT WELLS FARGO BANK

WELLS FARGO IS NOW EVEN OFFERING TO BUY BACK THE VND FROM CUSTOMERS AND DO VND EXCHANGES NOW AT SOME LOCATIONS........

WE HAVE CONFIRMED 1 COMPLETED DONG BUY BACK TODAY AT WELLS FARGO AT $1.68, AND THEY WE TOLD THE TAX WILL BE 22%

WELLS FARGO WEALTH MANAGERS ARE NOW SAYING SORRY, WE JUST GOT OUT OF A MEETING AND SOME OF THE CURRENCIES YOU HOLD ARE NOW RECOGNIZED AND WE WANT YOUR BUSINESS

TODAY HAS BEEN SO WILD.............WE MAY JUST DO A GLOBAL CONFERENCE CALL TONIGHT WITH WELLS FARGO BANK STORIES FROM TODAY.......MAYBE

WELLS FARGO WAS GIVEN A DEADLINE TO ACT LIKE AN ETHICAL BANK

WITH HONESTY AND INTEGRITY......

TIER 1, TIER 2, AND TIER 3 BANKS ARE NOW READY TO DO GLOBAL PUBLIC PRESS RELEASES ON HOW # 1 BECAME # 1

# 1 IS NOW WORRIED ABOUT LOSING THEIR GLOBAL BANK OVERRIDE COMMISSIONS WITH THE OTHER TIER 1,  TIER 2 AND TIER 3 BANKS IF THEY ARE REPLACED.........

THE GREED MOVES WF RECENTLY DID TO  BLOCK ALL OTHER BANKS OUT, SO THEY COULD DO PLATFORM CURRENCY TRADES, OIL CREDIT BROKERAGE GLOBALLY FROM CURRENCY, ALONG WITH OTHER  THINGS IS PRETTY INCREDIBLE...........

AND THE LIST GOES ON AND ON AND ON TODAY

AND EAGLE 1 WAS 100% CORRECT WITH WELLS FARGO DATA ON THE FRANK 26 CALL LAST NIGHT.............


MNT. GOAT UPDATE : "What? No RV?", 23 DEC

UU9944 – “It’s Almost Christmas Eve- What No RV?”  by Mnt Goat

Hi Everyone,

In preparation for Weihnachten(Christmas Day) , many families in Germany celebrate Advent as many in USA also do. This is a time of religious preparation for the arrival of das Christkind (or the Christ Child).

Traditional advent activities include the Adventskranz (Advent wreath), which our church set up on the 4th Sunday before Christmas Day, the beginning of the season. Four candles adorn the wreath, and a new one is lit each week. Now we have 4 candles already lit last Sunday so we are very close to Christmas day.
~~~
In my home our celebration prior to each main meal is special. We sing Christmas carols as we gather around the wreath in the center of our dinning table to celebrate the preparation and the Christmas season and to give thanks for the coming of the Christ child and for our delicious meal (of course its delicious I prepare it….lol) .

Our two children also enjoy the advent calendar. But his can be tricky. In Germany these are very popular and easy to find in stores. They contain twenty-four doors (one for each day of December leading up to Christmas).

 Our children anticipate each morning prior to heading off to school to open one door each day, they then find a chocolate treat awaiting them inside.

Many of the calendars also include pictures inside the doors, often Christmas-related. The problem comes when you have more than one child. What do you do with the chocolate?

All you parents know exactly what I mean. So a solution Meine Hubby suggested was to take turns each day as to who gets the prize. This is cooperation, negotiation and it well suited to teach Meine Kinder manners.

I tell this story to you because this advent season is especially special to me. This is the 10th advent season in this dinarland for me and my family. I know deep in my heart it will be the last.

Each season I say to myself and Meine Hubby – will this be the last season without RV? Will we finally be done with this rollercoaster ride? The answer I get back from Meine Hubby each year in a sweet, low, loving tone (along with a nice hug) as he says that God will bring us this gift on his time.

 He then says that he too enjoys reading my news letters and will miss them greatly. Imagine that? - Meine Hubby is a fan of mein too…..lol….

I have to say this entire process has been long, at times very hard but I would do it all over again for you fine folks who truly appreciated the efforts. Remember I have a family and a job to care for too. I watched my two girls grow through this adventure. Ten years is a long time.

The tele calls overseas are expensive and the hours are long. I never asked for any money from anyone since I have no web site or conference calls.

 I am sure I would have enjoyed meeting many of you personally however the bad apples sneak in with the good apples and so precautions must be take to protect my family.

This was one condition and an agreement I had with Meine Hubby prior to taking on this job of news letters. So I respected his wish. You can blame him for my autonomy….lol….

But  in this last holiday season with you I just wanted to say I will miss all your encouraging emails and replies to my news letters.  Truly have a Merry Christmas and a prosperous $$$ New Year !

So now down to the business of this news letter.

I wanted  given everyone a very brief news letter today. I will get right to the point once again. I hope everyone also read my last news letters dated 12/22 since this is a continuation of this ongoing saga of getting this 2015 budget bill passed thus showing us the way to the RV event.

Today’s News

Here are some updates on the areas of concern we are now watching for as key indicators as to how close we really are in this RV process and current demands from the USA on Iraq prior to pulling the RV trigger.

2015 Budget Law

Very early yesterday, Tuesday 12/23 (or some say very late on Monday 12/22),  the Iraqi cabinet of ministers approved the draft budget bill for fiscal 2015 and sent it to the Parliament for approval. Hurry!

We should all now be very excited !

What does this mean?

This means that Abadi’s cabinet or GOI has completed working with the finance ministry and financial committee to revise the 2015 budget to slim down expenditures and adjust the revenues per new oil prices. This has been a very nerving task for them since they were under extreme pressure and a short deadline.

We have been waiting for this to be completed since last Thursday when it was promised to be completed in many news articles and in an interview with Abadi himself.

 Iraq then later came out over the weekend and told us it would be done by Monday or Tuesday instead, a short delay. Meanwhile the USA was geared up to complete the rollout for the RV late last week since Iraq had told them they would be completed by late last week.

 We were all excited to see the RV last weekend. Of course it did not happen and we now all know why. This a short recap of the past week’s events.

Now what can we expect going forward?

So now that Parliament now has been given the revised draft budget bill we are being told it will take up to 2 weeks for Parliament to review it and bring it to a vote on the House floor. This timeframe will bring us to about Jan 5th to expect the voting process to even take place.

But hold on ! Now here is the tricky part.

Does the USA and Iraq agree on the same requirement of budget bill to be passed in parliament or just approved by the cabinet of ministers.  Is there a level setting of expectations ?

Will parliament reject the bill and will it have to go through yet another iteration once again in the finance ministry, thus the process begins again?  This will remain uncertain since we don’t know how parliament will react to the bill.

I am being told that the USA is once again gearing up for the RV rollout as they waited for the news of the Cabinet approval and then their submission today to parliament.

So now will Iraq trigger the RV or wait for the passage in the Iraqi House of Representatives first? Will the USA block it or let it go if they do RV now?

What really is the real requirement?

Since today is now very close to Christmas Eve 12/24 and still Iraq has not triggered their RV,  we now can safely say Iraq is waiting to get the budget passed in Parliament prior to taking any action to RV?

I have waited to send out this news letter to let you know until I was informed this is the case. This is not rumor but now factual.

Once again communications between the USA and Iraq CBI is not all that good. Improper assumptions were made past week and as a result we all got hyped up. Once again they did not properly align their expectations. I think they lose something in the Arabic to English translations.

This may have been the case now for months now in this ongoing saga of -  it’s going to RV every day or any day stuff. You would think with something as important as this the UST could be more competent in this matter. Just my observation !

Yes - they (Iraq) are going to wait until the budget is passed in Parliament prior to triggering their RV. This is now a fact and not a rumor or guessing game any longer. If I know whey doesn’t the UST know it?

 So we know that there is about a 2 week window for parliament to review the draft and bring it to the floor for a vote.  We should now not expect to be at the banks anytime prior to the first or second week in January at the earliest if all goes well.

However let’s not give up hope of an earlier RV not just yet. I will explain later in this news letter.

House Support for a Speedy Passage of Budget

What we do know is last weekend President Fuad Masum and Parliament Speaker Salim al-Jubouri, stressed the need to speed up the passage of laws that affect the lives of citizens.

He said a presidential statement, the agency {Euphrates News received} copy of it on the "infallible received in his office today Jubouri, was discussed the political process and the most important obstacles and challenges they face, and the need to deepen the harmony of the positions taken by the political blocs and higher institutions of the state that in order to keep up with the current stage on Using defeat terrorism. "

"The infallible and al-Jubouri, stressing the need to speed up the passage of laws that affect the daily lives of citizens directly, especially the ratification of the general budget of the state."

Will it take the Full 2 Weeks in Parliament?

It is said the normal process through parliament could take as long as 2 weeks prior to a voting session, however Abadi has expressed the urgency to Jubouri to use an emergency session to speed it through the house.

We can see from the article above in the conversation for the news media between Masum (the president) and Jubouri (the speaker of the house) that they both agreed to the urgency of Abadi’s request and will do their best to “push” it through once parliament receives the bill.

I know for a fact Iraq has been targeting the end of 2014 to get the budget passed in Parliament so they can open it and hit the ground running in 2015.

Why the Urgency?

They want to target the end of 2014 to complete the budget law and have a new currency value by early January, as it  is reflected and needed to implement the budget at that time.

They need a global currency for so many reasons. One I will explain below for the upcoming tariff implementation and another is for implementation of their 2015 budget, based on the new rate.

Oh – one more off the top of my head….all those hundreds of contracts they signed last month for reconstruction projects?

Wouldn’t  it be much easier to pay on current rates and use FOREX rates for inter banking transactions for payments between Iraq and contracting countries instead of this mixed up system they are now struggling with.  I can go on and on with many more reasons but you heard them all by now.

As a result we all can appreciate just how critical is now is for Iraq to RV and open their new budget.

Upcoming National Reconciliation Meeting

I am also tracking this meeting and I know it is still scheduled to take place at the end of this month of December. This is next week and we are very close. This is a very significant meeting and note worthy to track for us dinarians.

It is my belief they plan to use this meeting as a vehicle to give the country of Iraq a “report card” to the citizens of Iraq on the accomplishments and progress of the new government of Iraq so far in the making good on its promises in line wit the negotiated 27 reforms and other issues.

The almost unbelievable past is that I have a contact in Iraq that has shown me a translated copy of the Prime Minister’s Al- Abadi proposed speech that will be presented at this meeting, when it does occur. There are some amazing announcements in the meeting such as:

> to the conclusion to DAASH and ISIS fighting in Iraq (Abadi’s perspective)

> the passing of the 2015 budget

> full implementation of the Tariff Law

> the passing and implementation of the other needed laws i.e. HCL, other 27 Reforms

> once again the loading of the Qi cards - remember its end of month once again and Iraq must make yet another payment to the retirees, food program, employees, soldiers, gov’t employees, etc…

> Reinstatement of  Dr Shabibi heading their CBI

> Financial Reforms are completed (currency revalued now in  Article 8 UN charter)

> major reconstruction projects about to begin (he will take about them)

> rollout of new rate and the need to standardize throughout Iraq

> some patriotic stuff …..la.la.la….

So you see the Iraqi government has been very busy these last few months.
My Opinion

So first I find it interesting that Abadi’s speech is already written. Second is the content of the speech as I listed in my summary. Third is that we must be very close to have a HUGE and I mean HUGE breakthrough in this entire suite of new laws. 

For Iraq in the conclusion of this process with the revaluation and finally, yes finally the international rollout we have all been waiting for.

Questions as always – Will the meeting occur on time? And will all the necessary events be completed as Iraq has targeted so they can conduct the meeting?

SUMMARY

 I have to tell you this entire budget bill is now in warp drive in Iraq. I do believe they will pass this law prior to or around Christmas day 12/25 and not take the expected 2 weeks more like 2 days. 

I know this seems impossible knowing Iraq but I am hearing they have advisors from the USA and UN are going to “guillotine” the process.

Some members of Parliament have already expressed their desire not to rush the bill however the speaker of the House Jubouri has stated they will not leave this current session until it is done. He is putting pressure on them.

This is only my gut feeling. I have been wrong before, but right many any more times than wrong…lol….

After the bill has passed the House, they plan to pull the trigger on the RV, then hold their reconciliation meeting and announce to the world the New Iraq is OPEN for business.

So here is the game plan in the USA as told to me by my UST contact - If the USA supports the RV, they will then begin the group exchanges on or around Friday 12/26 and continue up to New Years day Jan1st.

 They are still contemplating whether to give an additional 7 days for group exchanges prior to rolling it out. We will soon hear the final plan.

Then the USA will complete the final rollout to the general public as the exchanges and the banks will get the new rates during the first or second week of January. This is their current game plan as it was relayed to me from Iraq/USA correspondence. It could change depending on how it goes in Iraq.

Then when can we expect the RV?

Let’s just say this – If you have not yet gone out and purchased your bottle of champagne. I would do it now and get it chilled and ready…..lol…..!  

We are only 7 days remaining till 2015 and all indications now are we are back on track to see the 800# and begin group exchanges later this week with the final RV rollout then  taking place in early January 2015.

 It is truly your choice to wait for the final rollout or participate in the 800# for one of the group exchanges for dinarland holders. Either way the end of our long wait is very near.

Let your hearts be light, your cares be few, and all of your wishes just might come true.

May I wish you all a Merry Christmas and a very r$ch good year !

Peace and Luv To Ya All,  Mnt Goat

DELTA UPDATE: "DARK LIQUIDITY",23 DEC

DELTA: "DARK LIQUIDITY" ... Is very serious for Iraq... The remedy is to raise the value of the currency ... (Abahdi speaking to the parliament) "About the reserves at the CBI of Iraq, our goal is not to touch the reserves from the CBI of Iraq, we (GOI) will never touch the reserves from the CBI of Iraq... Some countries governments go to the CBI and drain out the whole reserve creating problems for that country.

Iraq will not do this! There is another way we can benefit from the reserves of the CBI of Iraq, we are trying to activate the plan and there is two parts we're going to use, a small portion from the central bank of Iraq to deposit that small portion from the CBI of Iraq in a trade bank of Iraq and then the bank will start lending money to the Iraqi citizens then the government of Iraq will pay the interest.

 The interesting part of the second thing Abahdi said was, "we can use the reserve of the CBI of Iraq for the "Economic Reform" ... He almost said the "Currency Reform" (Abahdi) right away he corrected his comment by saying the "Economic Reform"/ (Dinarland)-which is what we're waiting for ...

We all know that the central bank reserve is used for stability etc. Abahdi also mentioned that there were many who hadn't been paid for months because they have no liquidity he also went on to acknowledge that they can't survive the private sector / free-market economy if we don't raise the value of our currency. (Notes from Franks call) Sorry for typos.

Abadi Tweet Dec 23., Cabinet approves draft budget law for the year 2015, 23 DEC

Cabinet approves draft budget law for the year 2015 and refer them to the Chamber of Deputies, the Cabinet agreed at its fifteenth regular draft federal budget law for the year 2015 and transmitted to the House of representatives after the formation of a Committee headed by Prime Minister Haidar Al-Abbadi, a member of Deputy Prime Minister Mr. Bahaa Al-araji, the Ministers of finance, planning, higher education and scientific research and transport, to review some material formulations and legally.

The Prime Minister's information Office December 23, 2014

DINAR GURUS UPDATE, 23 DEC

12-23-2014  *** Dinar Guru Newsflash ***  We are nearing a guru consensus...they agree, Shabibi,the former governor of the Central Bank of Iraq, has been cleared of all charges filed against him by former PM Maliki and will be reinstated as CBI governor shortly...Additionally, gurus are reporting and articles align that the COM has passed the budget and have forwarded it along to parliament...it will arrive on their desk for a vote/discussion on Thursday (Christmas day)!  Stay tuned as guru reports come in. 
12-23-2014   Intel Guru DC   [via Already Blessed]   Article:   "HaiderAlAbadi: Cabinet approves draft federal budget for 2015 Act and referred to the House of Representatives"   THEY DID THE HARD 1/2 LAST NIGHT AND ARE WORKING ON THE REST AS WE SPEAK. REMEMBER...THEY HAD TO HAVE A RATE FOR THAT BUDGET!  AND THEN THE PARLIAMENT IS TO APPROVE IT ON THE SPOT ON CHRISTMAS DAY.

12-23-2014   Newshound Guru Stryker  
 The Council of Ministers has passed the budget and sent it to parliament for a vote and Thursday seems to be the target date for the parliaments extraordinary session.  We will soon see if they can really pass it before the new year and if so, does it hold the key to the revaluation of the dinar? I sure hope so because the RVQ [RV?] will follow!

12-23-2014   Newshound/Intel Guru Eagle1  
 You know how we have heard WF [Wells Fargo] put out that they were not involved with this...put out this noise to the public... And they have clamped down on personal bankers and anyone working in the banking system that tried to talk about it...Today [Monday] I have from two separate sources within WF that they will be announcing officially "tomorrow" a reversal of that status! The fact that WF is going to reverse that status, they're also indicating that this thing is " imminent" and they're preparing their people for it...They've taken some steps today that I am not at liberty to talk about that only magnify the significance of that change.

12-23-2014   Intel Guru Bulldog75
   [Do you think (or feel) that we won't make it to the bank til Jan or Feb 2015?]   IMHO, IT WILL BE JAN 3 OR AFTER AT THE BANK...EARLY JAN 2015.  WE ARE WATCHING HISTORY BEING MADE AT THIS VERY MOMENT IN TIME.

12-23-2014   Intel/Newshound Guru tman23
   What comes first...The RV or the ribbon cutting ceremony at the new CBI headquarters with Shabibi cutting the ribbon?  The news coming out is nothing short of spectacular...But we all knew it would be!

12-23-2014   Newshound Guru Agggiedad77
  Oil Minister Mahdi states that Iraq will use the drastic reduction in oil prices as a springboard to strengthen the Iraqi economy in the long run...he claims they are feeling now stress from the current prices...one must wonder if there is no stress...what are they expecting to happen to provide revenue for their country...perhaps a shift in the MR. ( Monetary Reform).

JCR3758 TWEET & BUCKWHEAT TIDBIT, 23 DEC

Good afternoon/morning to all. Been on Intel calls since early. All is well.
TNT Chat:
buckwheat wrote 
1m ago
Ray just said that we will have a call tomorrow if we don't have an RV by then

ROBERT INTEL FROM S3A, 23 DEC

ROBERT:just spoke to one of my middle east contacts i done protection for he has told me to look at end of jan2015,take it for what it is,but i know they have millions of dinar.Just thought i would share guys&gals,they are from kuwait and iraq.

Jennie carrieriRobert, if they pass budget do they rv before?

Roberti would have thought so ,my friend is high up on kuwait politics side told me look at towards end of jan 2015,june who knows.I do know politically these guys get info but does not tie in with what is going on now.It will happen when it happens ,at least if nothing happens by 1st jan you know maybe this info might be close ,i hope they are wrong but lol.Blessings

WINNERIAM POST FROM TNT: Opinion on which of these currencies to try next, 23 DEC

WINNERIAM: After we exchange we will not be allowed to purchase dinar, zim or dong, but others are wide open to us. Which of these do you consider the hottest?

Angolan kwanza
Botswana pula
Central African CFA franc
Lesotho loti
Mongolian tögrög
Namibian dollar
Ugandan shilling
Uzbekistani som
Bahraini dinar
Cambodian riel
Kuwaiti dinar
Lao kip
Libyan dinar

LILFISH: IMHO, countries doing a lot of business with China will rise along with the Chinese renmimbi. THat includes So Korea, Laos, Cambodia, Thailand, Australia, NZ, and Myanmar. But if China can't get its pollution problem under control, they are more likely to lapse into a quagmire. JMO.

CHANGEAGENT720: China's growth is due, at least in part, to building massive ghost cities they some day hope to populate. They can't continue this, and when they have to stop, that artificial growth will stop too. In the short term the yuan renminbi will be good to inest in, but at this rate, I'm not sure how long china's reign as reserve currency will last. Any competing economy that has undervalued currency will be a good investment. My bets are on this list. Add the Philippine peso.  JMHO

WINNERIAM: I am thinking the Mongolian Togrog since Mongolia has so much of the world's rare earth, which is used in computers and cell phones and things. Good luck to us.

GRATEFUL2: Thanks for your list of the different countries that may have a possible rate of return more than our purchase price, but have you also not considered South America? This region will continue to be part of the worlds economy, and South America is growing, and their resources have NOT been depleted like some countries like China, that is searching every where else for it's sustainability.

Remember the BRICS countries, also remember that the IMF has submitted 198+ countries into the GCR. So we have many options, but those countries that are way below the poverty levels will be elevated based on there GDP. While looking for future investments, don't forget that corruption is and always will be a factor that you will need to consider in your choices of how long it may take for some of these countries to expand their geological excavation of their lands, and not to mention WAR.

Continue to be diligent, and continue to boldly to go where NO man has gone before! The earth is the Lords and the fullness thereof.

Have a blessed day,

Respectfully,

Grateful2

JOEDIRT: Mongolia has a lot of rare earth minerals...east Africa...brics...next 11....basicly all you have to do is look at the currency charts to see which ones are dramaticly undervalued and just buy those that are...if this is a global currency reset...then all currencies will reset to nearly equal values of course depending on said countries natural resources which in turn will give value to each countries currency...along with 20% of said currency backed by gold and silver 

S3A CHAT UPDATE, 23 DEC

L. VEGAS: GM, I do know the Platform received their funds and when they start paying out is still unknown. I heard a rumor they might wait on the Platform until January 3rd. But again was second hand info.                Have not heard on the 2nd source on the group info yet. He never answered yesterday. If hear anything more, will definitely let you know.

BANDITO. ROX: 

READ THE RED HIGH LIGHT IN THIS ARTICLE!!!

After the Cabinet approval for the budget in 2015, al-Jubouri calls...

After the Cabinet approval for the budget in 2015, al-Jubouri calls for Parliament to convene an urgent meeting to be passed
I take no credit for this below! 
by w8tn4it2rv » December 23rd, 2014, 9:24am GMT  •  [Post 126]
IMO
PARLIAMENT only needs to be read the budget 1 time because it is a AMENDMENT to the APPROVED Budget
(Abadi reveals a supplementary budget to compensate for the drop in oil prices) 

  • Parliament speaker Saleem Al-Jibouri called for an extraordinary session at 11 a.m. local time on Dec. 26 to discuss the budget, according to state-sponsored Iraqiya television. Ahmed Mahjoub, media adviser to the parliament speaker, confirmed the session by phone.

    • Thursday...25th...Christmas day :-)

    • We'll we should see this RV ANYTIME NOW!!!

      Don't they need a LIVE RATE before???

    • Hint....most all markets will close at 1PM EST on Wednesday...Hmmmm

    • Yep!