Friday, October 9, 2015



 The IMF meeting in Lima is today thru October 11th. Tony gave 404 a positive clue that she was right in hoping for the best outcome for that meeting. Soooo, the new window may be from now until the 11th. The 25th could be when the general public exchanges. Just saying.

Dansmore:  Okay, a few months back a guy called on one of the calls and the guy said, "I have an IRS friend and he told me there will be no Fed tax on the exchange"... TONY said, "I am still going to hold 55% out just in case" I remember this because I thought to myself, Tony you are completely correct and I am going to hold 55% out also ...

Vollmer:  I am going to do what Tony said ,put 50% aside for Taxes till they make their minds up ,as Tony said it's better to be safe than SORRY and boy will you be SORRY if you have spent that money and they say that will be 50% please or more !!!

Sabickford:  Today I got my happy pills and my pissed off pills mixed up & I think I took one of each so I'm pissed off but I'm happy about it.

AZHombre:  12 min ESPN Awesome video of Arnold Schwarzenager motivational story (whatever it takes): https://www.youtube.com/watch?v=wJPRj19OU-w What's your vision?


SparkyOne:  Bix Weir-Implosion and Restart of Financial System Coming

Only 33 minutes for a great education!
Bix Weir-Implosion and Restart of Financial System Coming


Phantom1:  Zimbabwe in make-or-break debt talks

Zimbabwe in make-or-break debt talks

October 8, 2015 in
Zimbabwe will today present its debt clearance strategy to three preferred creditors as it seeks to unlock fresh capital.

Zimbabwe owes the International Monetary Fund (IMF), World Bank and the African Development Bank (AfDB) a combined $1,8 billion, which has to be extinguished to access cheap lines of credit.

Today’s meeting in the Peruvian capital, Lima, on the sidelines of the IMF/World Bank annual meetings comes on the back of moves by Zimbabwe to undertake painful reforms under the IMF’s supervised Staff Monitored Programme.

Zimbabwe seems to have got consensus from member countries on its debt clearance roadmap after Reserve Bank of Zimbabwe governor John Mangudya visited European capitals to drum up support for the plan.

The re-engagement with creditors is aimed at reaching accommodation and unlocking fresh capital, Chinamasa said last week. He said the sentiments from the creditors seemed positive and Zimbabwe would confirm that in Lima.

“It is important that we return to the mainstream global economy,” he said.

Zimbabwe’s proposal has been kept under wraps fearing that hawks in government would scuttle the deal, seen as a last-ditch effort to rejoin the international community.

In his mid-term fiscal policy review statement, Chinamasa said Zimbabwe had to ensure that “our investment and business laws are also accommodative of the interests of foreign direct investors”.

Chinamasa said the country’s investment drive should remain focused and consistent, “if we are to take advantage of the growing interest to invest in our economy”.
He said there was need to speak with one voice over critical policies. Critics to Chinamasa’s reform plan within government have been growing with the latest addition being Youth and Indigenisation minister Patrick Zhuwao.

Zhuwao on Tuesday said the indigenisation policy and foreign direct investment go hand in hand rebutting claims the policy would scare away international investors. War Veterans minister Christopher Mutsvangwa was quoted last month dismissing Chinamasa’s pro-IMF reform plans accusing the global lender of trying to remove President Robert Mugabe from power.

Zimbabwe requires long term financing to help reboot the economy.
Currently, the country relies on short-term capital which is unsustainable for long-term infrastructure and development projects. The capital comes at a high cost. Analysts say if the deal is approved, it will be a major plus in the rebranding of Zimbabwe as a destination of international capital.

IMF is seen as an international financial commissioner of oaths whose approval of a country would lure capital to that destination.


Phantom1:  Just looking again at this and I like the wording and the fact the lima is mentioned here and that has a important meeting I believe with IMF

Systema:  This is wonderful news...mainstream is the golden word.


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