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Saturday, December 27, 2014

S3A CHAT UPDATE, 27 DEC

Budget Passed
Saturday, 27 December, 2014
Frank26 The 2015 Budget Is Passed! You can wait all You want for the articles to show You methodically…But I’m telling You…It is passed preparing itself for the Gazette.

Rv/ gcr : They are close enough to put their own john hancocks on the same piece of paper tonight without getting up from the TABLE....PRAY HARD TONIGHT KIDS

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  • If all the bank bail-ins, dollar crash, etc are real possibilities, I think that I will exchange only at tier 3 with no derivative exposure.  Will also put most into physical metals and buy PUT options on the dollar index


    • You might also want to invest in companies that will benefit from this sort of economic turmoil that is coming.  Look at mining companies, and those companies that support the mining industry.  Also, if the dollar is really set to plunge, what about identifying American based companies that would be able to develop a strong export business to Asian countries.  This would be in addition to your PUT options on the dollar index and physical metals.
      Smart diversification is the key here!!!!


    • if there is turmoil and the fiat dollar is not replaced by asset backed currency then the first thing the gov would do is nationalize mining companies and stock holders would be left with worthless paper

      Susan A. Smith
       > JackJack 
      December 27, 2014 at 9:25pm

    • Tremendous wisdom, JackJack. Thank you.

    • Lost money in an oil drilling company when Venezuela did that many years ago. 

    • Smart Austin. Smart.


    • That is great info.  Truly appreciate it.  Any specifics would be awesome


    • Just keep in mind the supply chain of industries that will benefit from a dramatically changing economy, and look at the fundamentals of those companies.  Also, make sure your Wealth Manager is highly cognizant of the implications and opportunities out there.  They are your number 1 resource and have the experience level to help you with your new-found wealth.  Fortunately for me, mine happens to have my same last name and looks a lot like me (and no, I'm not a Wealth Manager).

MILLIONDAY CHAT UPDATE, 27 DEC

Millionday: Prime Minister Haider al-Abadi demanded US Senator John McCain to provide more international support to eliminate the risk "Daash."

A statement by the prime minister, said on Saturday that "the Prime Minister Haider al-Abadi, received in his office, US Senator John McCain and his accompanying delegation, and discussed with him the political and security situation in Iraq and the region and efforts to fight Daash gangs, and the victories achieved on these terrorist gangs and cooperation the future between the two countries in various fields.


Millionday: NOTE -- THE US AND IRAQ HAVE BECOME PARTNERS AS OF THE NEWS YESTERDAY -- SO THEY ARE GOING TO BE GIVING SUPPORT IN MANY WAYS ACCORDING TOT HE NEWS
Millionday: Ebadi said, that "terrorist gangs Daash received blows and defeats by our troops stationed on the battlefield, and we need more support from the international community to eradicate the threat of terrorism."

He stressed that "there are open in Iraq's foreign relations and cooperation by the countries that we visited and officials who visited Iraq and their willingness to cooperate with us and help Iraq in all areas, particularly with regard to the war against Daash.
Millionday: NOTE -- INTERNATIONAL HELP IN ALL AREAS ---
Millionday: Abadi stressed on "Iraq's desire to build a cooperative relationship with the international community in general and the countries of the region, especially the neighboring based on common interests, mutual respect and non-interference in internal affairs.

For his part, McCain express "his country's support for Iraq and the Iraqi government and the new directions in the fight against al-Daash."
Millionday: SO AS WE SEE THE SUPPORT WAS AGREED ON IN THE LAST STATEMENT
…………………………………..
Millionday: Fatlawi 
confirmed an economic expert, Dr. Ikram Abdul Aziz should not rely on oil supplier, which constitutes a large proportion of the state budget and including at least 90 percent. 
Millionday: 
She said in a statement the "morning" to it's a very large proportion of this deer supplier of depletion, stressing the need for effective management of the additional revenues, calling to achieve that in the presence of planning and joint management by the center and the region and other provinces along the lines of a consensual participatory Ki results graduated according Mihakq real revenues serve economically the country in the current particular situation and not to drain this important resource. 
concluded Abdul Aziz her reference to the need to go to solve the economic gaps and manage the economic file management joint down to the real building a common understanding far all prejudices and chauvinism surpassing the differences.
Millionday: SHE IS SAYING THAT THERE IS HUGE IMPORTANCE IN USING THE PRIORITIES AS SET WEEKS AGO THAT WE READ ABOUT -- THE REVENUES NEED TO COVER THE BEST NEEDS OF ALL FOR ALL CITIZENS AND PROJECTS
……………………………
Millionday: Counting the Kurdistan Alliance MP Circo Mirza, sending the government general budget to the House of Representatives evidence on the functioning of the intergovernmental agreement in the right direction, and the application of political agreements.

Mirza said: "The efforts are continuing between the political blocs for the implementation of the government program and political agreement", adding that "to send the budget to the House of Representatives is a clear indication that the political transition process is correct and Iamih."
Millionday: NOTE -- THE KURDS ARE SAYING THAT THE SENDING OF THE BUDGET IS A CLEAR STATEMENT OF THE GOVERNMENT PROGRAM BEING ACTIVATED AND ALL PLANS GOING FORWARD
Millionday: "The budget was sending a strong indicator of the application of political agreements," noting that "the political process and the parties reached a stage of faith that the danger in Iraq was needed to harmony and agreements."

He stressed that the "Intergovernmental Agreement moving in the right direction and, according to his edict," pointing out that "the problems that were between Baghdad and Erbil on previously existing material is now in the budget has been resolved, and this one of the paragraphs of the political agreement and government program.
Millionday: NOTE -- THE KURDS ARE SAYING THE PROBLEMS ARE IN THE PAST AND RESOLVED BY THE BUDGET AND CORRECT FOR ALL
Millionday: NOTE -- REPORT COMING THAT GOES WITH THIS
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Millionday: Kuwaiti Higher Joint Committee held its fourth meeting tomorrow in Baghdad to discuss aspects of bilateral relations between the two countries at all levels and the development prospects of joint cooperation in various fields.

The convening of the bilateral meeting after a visit by Prime Minister Haider al-Abadi at the head of a ministerial delegation to Kuwait last Sunday one-day and two delegations held two meetings extensive research, energy, investment, industry, transport, external relations and the situation regional security issues, and security threats to the guerrilla terrorist Daash files again.


Millionday: NOTE -- kuwait AND IRAQ GOV ARE HOLDING A HUGE MEETING TOMORROW ABOUT THE MOVE FORWARD FOR THE COUNTRY IN ALL FIELDS
Millionday: It is scheduled to preside over the Iraqi side in the meeting of the Joint Committee on Foreign Minister Ibrahim al-Jaafari, while the Kuwaiti delegation will be chaired by First Deputy Prime Minister and Foreign Minister Sabah Khaled Al-Hamad Al-Sabah.
……………………………..
Millionday: 
confirmed Abdalla Salem El-Badri, Secretary General of the Organization of Petroleum Exporting Countries "OPEC", the price of a barrel this oil is not commensurate with the mechanisms of the market in terms of supply and demand, "The offer more than a demand by a simple, nor can these quantities lead to a decline in prices by almost half. " 
Badri said in a press statement that the price of a barrel of oil in early 2014 was acceptable to the consumer and the product, expected to be extended OPEC prescribed period previously to complete 177 projects worth $ 270 billion during 2014-2018 to another period, due to lower oil prices.


Millionday: 
He added "Countries outside OPEC would like to reduce the cartel's production to achieve high prices, OPEC will not cut production of about 30 million barrels a day." 
He attributed Badri oil prices fell to a surplus production from countries outside OPEC, and of 6.1 million barrels per day, and the occurrence of speculation In the oil market, demanding to wait until next summer to correct prices. 
stressing the organization continues to take all necessary measures for the global oil market stability and prevent the deterioration of oil prices.


Millionday: SO THEY ARE NOT LETTING THE MARKET (SUPPLY AND DEMAND) SET THE PRICE OF OIL RIGHT NOW AND IT LOOKS LIKE THAT WILL BE UNTIL THE SUMMER -- THIS WOULD BE DUE TO SET BUDGET PRICES IMO
…………………………..
Millionday: Hussein al-Tamimi Tgb 
represents the economic openness to the neighboring countries and the world trend to achieve significant economic feasibility of the country (according to specialists in economic affairs), arguing the importance of the recent visit of Prime Minister of Turkey, which is fraught with a positive impact on the economic reality of Iraq, especially that of the interests of the agreements Common positive effects reflected on all sectors.
Millionday: NOTE -- THEY ARE HAVING TO OPEN TO THE WORLD WITH ECONOMIC REALITY DUE TO THE MANY CONTRACTS AND OF COURSE AFTER THE MEETING WITH TURKEY DUE TO AGREEMENTS AS WELL


Millionday: 
case satisfaction Prime Minister for Economic Affairs Adviser appearance of Mohammed Saleh described the visit of Prime Minister Dr. Haider al-Abadi to Turkey as openness and one of the most important visits over 70 years, it stems from the opening to the
Millionday: neighboring countries and build strong economic ties make peace in the region policy.


Millionday: He said in an interview with "morning" that benefit sharing with neighboring countries is of great importance to the government , especially Turkey as riparian with Iraq and most important what happened Water Protocol to regulate water revenue from the source, who did not sign an unprecedented long time ago, pointing out that he brought a state of satisfaction economic, political and popular of the circles. trading partner, and pointed out that Turkey is a trade partner key products manufactured according to European Union standards, noting that trade between the two countries up to 12 billion dollars, as well as the export of Iraqi oil is through Turkish territory down to the Turkish port of Ceyhan to the world markets, and these things need a continuous organization
Millionday: NOTE -- THE TRADE HAS TO MEET INTERNATIONAL STANDARDS – COMPLIANCE


Millionday: in favor of the possibility of hiring Turkish specialized in Post Reconstruction country which needs to be large campaigns companies, especially they became familiar with the situation in Iraq and the environment work. Industry support either the Iraqi industrial assembly Chairman Abdul Hassan Shammari said in an interview (morning) that activate economic cooperation with countries that possess advanced technology, which is growing at a constant is positive by all accounts the economy, pointing out that the signing of cooperation protocols by the Prime Minister with Turkey comes at a time when the country which desperately need to develop economic sectors, including the industrial sector, especially the Turkish of your Baktall actor can side that provides a lot of support to the Iraqi industry.
Millionday: NOTE =- THEY HAVE MANY EXPECTATIONS WITH IRAQ AND WITH THEIR REGIONAL BROTHERS -- THEY ARE ASKING THEM TO ACTIVATE ECONOMIC COOPERATION WITH COUNTRIES THAT HAVE THE ADVANCED TECHNOLOGY -- THEY ARE SAYING THAT THE SIGNED AGREEMENTS COME AT A TIME WHEN TURKEY NEEDS TO DEVELOP THEIR ECONOMY AND THEY WOULD EXPECT TO TAKE PART IN THE GROWTH OF IRAQ`S INDUSTRY ACTIVATION –


Millionday: He pointed to the possibility of achieving partnerships check twinning between the two companies where ownership of Turkish companies advanced technology and local companies offer elements of the success of this approach, especially with the availability of raw materials for many of the local industries, as well as a market for their products. He The direct talk to the Prime Minister with the Turkish private sector is a real incentive for the Iraqi government to attract Turkish-quality companies and support for the implementation of projects in Iraq in cooperation with the Iraqi private sector.


Millionday: NOTE -- THE MEETING WITH TURKEY WAS ABOUT THEIR PARTNERSHIP IN INDUSTRY AND THEY WOULD LIKE FOR IRAQ TO MOVE FORWARD SO THEY CAN TAKE PART IN THEIR BUSINESS
Millionday: Business Requirements As a member of the Chamber of Commerce of Baghdad, Alaa Al-Nouri was the importance of openness to all global economic blocs and the presence of Prime Minister at the head of trade delegations enhances the Iraqi private sector positions in front of the world specialized companies that wish to operate in Iraq. international forums Nouri said in an interview for "morning," said the local private sector has good relations with most countries in the world that supports visiting Iraqi Prime Minister,


Millionday: NOTE -- THEY ARE PLANNING ON OPENING TO ALL COUNTRIES OF THE GLOBE FOR ALL THAT WISH TO OPERATE IN IRAQ AND HELP GAIN THEIR PRIVATE SECTORS POSITION


Millionday: He pointed to the importance of the private sector to be present in international forums such have direct contact the economy of Iraq, particularly the trade relations is of extreme importance in the provision of business and the needs of the Iraqi citizen requirements. He said the government program to the Prime Minister real private sector carry a large role in the economic file management and who prefers to be present in all forums domestic and international economic and meetings to disclose the actual capabilities of the country in this aspect.


Millionday: THEY ARE SAYING THAT THE PRIVATE SECTOR SHOULD HAVE A HUGE PART IN THE MEETINGS AND THE CHANGES ECONOMICALLY WITH IRAQ AS THEY MAKE THESE MOVES TO THE GLOBE
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Millionday: Al-Sabah 
stressed the Ministry of Planning on the need to diversify the sources of the country's economy and not rely only on oil, pointing to the granting of the investment sector an estimated area of 21 percent of the volume of public investment in Albuld.ozkr official ministry spokesman Abdul Zahra al-Hindawi in a press statement, that «the problem serious faced by Iraq today because of the economy's dependence on oil only created a major disruption and led to reducing its expenses in the budget »


Millionday: NOTE -- THEY HAVE TO LET THE PRIVATE SECTOR GROW AND THE MARKET HIT INTERNATIONAL (ISX)
Millionday: NOTE -- EVERY COUNTRY HAS TO DIVERSIFY


Millionday: pointing to the need to diversify the sources of the country's economy and find other sources such as agriculture, industry, tourism and the private sector to the fact that these sectors are very important and must Tnumeitha.ofatt that the agriculture sector was in the past contributes contribution a good source of income, the opposite of what it is today, as well as the tourism sector Alkhas.oadav the Five-Year Development Plan was awarded the investment sector an estimated area of 21 percent of the public investment in the country's size and gave the plan for two tourism and agricultural good space

0
Millionday: THEY ARE TALKING ABOUT THE PLANNED % OF THE GDP -- THEY HAVE INCLUDED INVESTMENT, TOURISM, and AGRICULTURE -- ABOUT 21%
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Millionday: Center Brief for the Iraqi Media Network ( IMN ) - MP for the Kurdistan Alliance said, Shirin satisfaction, that the 2015 budget will be approved immediately after the second reading and will not hinder.

She's ( IMN ) that "the second reading of the draft budget for 2015 will be in the next session of the House of Representatives, which will not drag on more than one session, a result of a consensus and determination between the political blocs on the approval, especially since the blocks are all in agreement on the project items."
Millionday: NOTE -- THE NEXT MEETING WILL BE THE APROVAL OF THE BUDGET ENTIRELY WITH NO MORE MEETINGS -- SECOND READING AND THEN VOTE SAME DAY
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Millionday: 
The source, who preferred not to be named, told / BD /: "The day Monday, 22.12.2014 date the trial of former Central Bank Governor Sinan al-Shabibi for the acquittal of the charges against him by the previous government under the pretext of wasting public money."
He added: "The prime minister Haider al-Abadi waved the return of the conservative story office Kmhafeza the central bank in the event of an acquittal from the court, the fact is Shabibi figure of great economic mentality."
Millionday: 
She had announced the Integrity Committee in the House of Representatives of the previous session that sack Shabibi been through it, that the competent court of inquiry to consider the fairness issues negated the charges to the Governor of the Central Bank of the article Shabibi, describing him out of office, "targeted personally" for failing to grant money to Prime Minister Nuri Maliki and his son Ahmed
Millionday: NOTE – SHOCKER


Millionday: where the investigation has shown that he does not court entered the central bank and former boss Shabibi process waste money mentioned by the investigative committee formed by the House of Representatives,


Millionday: SO ACCORDING TO THIS -- IF HE IS FOUND NOT GUILTY HE WILL RETURN -- WE SHALL SEE
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Millionday: Confirmed to the Committee on Energy and Oil parliamentary member Ugaili Aziz, said Tuesday that "raise zeros from the Iraqi dinar will not affect the low oil prices, the fact that specific prices in US dollars.
Ugaili said in a statement to the press, seen it (Iraq) that "the value of the Iraqi oil prices are in dollars, but the lifting of the zeroes will lead to an increase in commodity prices in the country.
Ugaili ruled that "the lifting of the zeroes from the Iraqi currency will be in the coming period specifically in the next year in 2015.
Millionday: NOTE -- THE LOW REVENUES FROM THE OIL HAS NOT STOPPED THE ADVANCEMENTS OF THEIR ECONOMY


Millionday: He criticized a number of experts and specialists in the financial and economic affairs, the central bank's policy of issuing new editions of major categories of the coin, while warning of this procedure being will increase inflation, causing a state of economic confusion and stagflation in Mahlah.ocdoa market, according to news agency dinars on importance of moving and speed up the implementation of the project to delete three zeros from the currency and not to resort to prosthetic solutions issuing new editions, the fact that this project will overhaul the currency and increases the strength and improves performance both locally and regionally.
Millionday: NOTE -- THE INCREASE OF STRENGTH AND IMPROVING PERFORMANCE IS OK WITH US


Millionday: He added that "this project will serve the country in many ways, including, to create a balance in the inflation rates, and facilitate the preparation of the annual budget process for the State, ministries or provinces, and reduce errors in the big financial accounts, as well as he would the Iraqi dinar to the regional and global stature." He pointed to: that "the central bank when a promising project to delete the three zeroes from the currency His goal was to reduce the large masses of cash and create a balance in the market rates of inflation, it can not issue new editions of major categories, because it is considered prosthesis solutions are irrelevant to the country, but it would hurt the economy terms of increasing stagflation in the market.


Millionday: NOTE -- OBVIOUSLY A BETTER MOVE IS TO GO GLOBAL AND INCREASE THE MARKET -- THAT DOESNT TAKE A ROCKET SCIENTIST SO -- GOOD IDEA
Millionday: NOTE -- AGAIN TO GO WITH THE REGIONAL BUDGETS – WHOOPOW
Millionday: While economist Dergham Mohammed Ali, pointed out: "The subject of restructuring the currency would be useless without the implementation of the project to delete the three zeroes from the currency for the purposes of legal, administrative and regulatory at the same time." He explained Muhammad Ali in an interview that "the issuance of currency with a large class safety specifications for high discharge the need for the project to delete the zeros of the budget, which will be transferred Alterellnah box to box Alumblyaria, which are commensurate with the budgets of neighboring countries and reduce the differences between the dinar and the regional currencies, including re-consideration mathematically and value judgment of the Iraqi dinar. "


Millionday: NOTE -- THE CALCULATION OF THE ACTUAL VALUE OF THE DINAR AND THE REMOVAL OF THE THREE ZEROS OF THE BUDGET -- LOVE IT LOVE IT
Millionday: He said: "The two replacement version of the new categories is a partial and incomplete restructuring of the coin and not meet all the Iraqi market needs, but the urgent need to implement the deletion of zeros, the fact that the Iraqi dinar exchange rate is witnessing relatively stable, what makes the ground, paving the issuance of new categories." He added: "The Delete three zeros from the currency has become a mature process and appropriate climate to her, calling on the central bank to "speed up the implementation of the project to delete the zeros and not to issue large categories editions because it would hurt the market."
Millionday: NOTE -- IT IS AN APPROPRIATE CLIMATE


Millionday: The decision of the Commission of Economy in the previous parliamentary session, former deputy Mahma Khalil, see "reason not to implement the project to delete the zeros by the Central Bank that the previous government stood against Tnfiel decision of this project on the grounds of fear of currency counterfeiting," calling it "is not justified." especially that the regional climate is ripe after Iraq out of Chapter VII and raced global investment companies to invest in Iraq, as well as the stability of the dinar exchange rate.


Millionday: NOTE -- IT DOESNT MAKE ANY SENSE TO USE THAT EXCUSE WITH ALL COUNTRIES AT RISK OF COURSE
Millionday: YES WE KNOW THAT TURKI WAS GOING TO REPLACE THE LARGE UNTIL THE PROCESS BEGAN SO IT IS A PAGE LONG OF THAT HISTORY AND WE DONT NEED IT

FIREWALKER POST FROM S3A, 27 DEC


  • Congratulations to all the winners. In my book all on s3a are winners. I went to my WF branch near me to make a deposit today. I engaged the teller in conversation about currency exchange. I asked her which of all the branches in my area would be the best to do an exchange with. She Said well we are all trained to do exchanges. What currency do you have. I told her I have vnn and a couple of others. She said she would check the list for the ones that they exchange to see if mine were on it. The Zim and IQN were not on it, but the dong is and she's went to check today's rate for me. She said there has been a lot of movement on the vnn overnight. She had to call their currency exchange line to get a quote, but they were closed today, so she said she would give me the rate for one that she had exchanged last week. She showed me the envelope and the rate was .01403. She said she has done two exchanges for dong in the last month. She also said that they don't exchange the Iraqi dinar yet, but they are all trained for it, and that I should probably exchange it in Provo since they have the largest exchange branch there. I asked if they would be exchanging Iraqi dinar there and she said she thought they would soon. So there you have it for what it's worth.


    • That is quite a change from yesterday, Good for you. Stepping out in faith!!


    • Thank you for sharing that!


    • Great news


    • $14,030 for a million Dong?  Nice profit. 


    • 1.4 cents - not bad!!


    • Thank You , and Thanks for the info


    • good news!! Thanks for this. :)