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Saturday, February 14, 2015

S3A & KTFA CHATS UPDATE, 14 FEB

S3A : 

  • The wounded warriors humanitarian monies have started to flow thats your precurser peeps.....TIMBER

There will be a run on banks...there will be a slowdown for goods to market . Lock your doors have rice and beans at bare minimum protect yourselves. If you need too....Go on vacation outside of populated areas....safe trip peeps

Old news send to recaps.....Global pays should release tonight.......or tomorrow the chinese are expecting this in the meantime the laws are being fimalized to be funded no sooner than our monday being thier tuesday allowing the Hcl will be signed by barzani so the Kurds to get paid on our tuesday so we can possibly see bank on wednesday or even earlier on Tuesday Morning


It's just a ploy by the workers to get what they want in their contract negotiations. It's happened numerous times over the years and will happen again. Everything will be fine once contract negotiations are complete. They are in serious negotiations now for pay increase and benefit increase.

*********

KTFA:nmiddle: WS, or any other newshounds. I am having trouble finding any legitimate and credible articles on the Kuwaiti currency revaluation.

I have seen it referred to plenty of times but just cannot find any "hard" credibility on that specific event. I see a lot of biased articles but have found absolutely no objective articles, just ones that are written by ones who hold dinar. If you have time and are willing, would you post a credible article? Thank you.

Walkingstick: New York Times:  AFTER THE WAR; No Electricity but Kuwait Reopens Its Bankshttp://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html

***********Compilation of articles: http://articles.latimes.com/keyword/kuwait-currency

***********

Baltimore Sun:  Kuwaiti banks reopen, distribute new currency WAR IN THE GULFhttp://articles.baltimoresun.com/1991-03-25/news/1991084025_1_kuwaiti-dinars-commercial-bank-banks-in-kuwait

TNT TWEET & MILLIONDAY UPDATE, 14 FEB

TNT Tony @THE_TNT_TEAM · HAPPY VALENTINE'S DAY - Everything is still great! No bad news! #WeAreThePeople

2-14-15 Millionday: "Rafidain Bank to start activating the MasterCard service in its branches inside and outside Iraq said in a statement that the bank has issued experimental cards from MasterCard..."

THIS IS AN EXPERIMENT TO SEE IF ALL IS WORKING CORRECTLY WITH THE DATA ENTRY THIS REQUIRES IN BANKING THROUGHOUT THE NATION AND ALSO WITH ALL BANKS AND POINTS OF ENTRY.  THE NEED TO CONDUCT THIS EXPERIMENT IS WHAT EXCITES US.


R.V / GCR UPDATE FROM S3A, 14 FEB

S3A : 
  • Old news send to recaps.....Global pays should release tonight.......or tomorrow the chinese are expecting this in the meantime the laws are being fimalized to be funded no sooner than our monday being thier tuesday allowing the Hcl will be signed by barzani so the Kurds to get paid on our tuesday so we can possibly see bank on wednesday or even earlier on Tuesday Morning

Sent to lem....send it to recaps...Fyi...got this e-mail..not confirmed:

"Policy Driven & Managed Data Security"
Hk

President

Mr. G. has spoken with the CT and UST and the Admirals Paymaster in Reno (for the Iraqi Dinar). He was told by ALL everything will start this week, Mr. G. said the codes were released last Thursday and they were scheduled to start calling the Sellers this past Monday. This morning (Wed) he was told the money was being held up by the Banks, now they are saying everything will start tomorrow: Thursday today. 

Thursday is significant because Iraq is starting their official registry today (RV).

This has been done, within 24 hours it will become International, which will be tomorrownow today: THURSDAY. THE Iraq Dinar will be online....
The CT had said they will move without the US, they cannot, It is impossible! The US controls 75% of the Currency. We do not know if it was Iraq or the US that pushed the button. It doesn’t matter. IT IS DONE! The UST and CT will be closing at the same time! RV, Boxes and Bonds.

Mr. G. understands what is going on, not exactly the way we wanted it, due to our long wait. But the important thing is it is finally moving!!! Obama made a statement about the US having a balanced budget. Because the US will use Dinar to pay down the debt owed to China. This will start the GCR.
The Chinese New Year does not affect anything .. the accounts are still being structured while they are waiting to start.
Blessings.

PS: new update to follow just in from late night Swiss country

S3A CHAT & POPPY3 UPDATES ,14 FEB

S3A : 
  • Only
    Good
    News
    From
    Many
    Sides
    All high


    Level. I.e.
    Look
    4
    Christmas
    And bootyz...Santa's
    Very soon..

    • Sounds good....thanks

Kurdistan region delegation to visit Baghdad to discuss the 3 files
11:39: 02/14/2015
Khandan -ali Naji

MP announced the Kurdistan Democratic Party Ashwaq dry, that the delegation of the Kurdistan Regional Government, who will visit Baghdad, Sunday, 02/15/2015, will be charged with three files.

She dry in a statement to "Khandan" "A delegation from the Kurdistan Regional Government headed by the Prime Minster Barzani, will visit Baghdad on Sunday," adding that "files that would bring the delegation are three, oil View to confirm the parties' commitment to the agreement of oil, and denied Adaaouat some not the governments commitment to the agreement. "

"The second file is for the region to 17% of the financial liquidity, in order to receive their salaries, such as the staff of the provincial central and southern provinces."

Dry and indicated that "The third file is a document addressed to the political agreement the government program announced by the Prime Minister Haider al-Abadi, through a grant confidence in the Iraqi Council of Representatives."

********
Poppy3   Article quote:  "The MPs and the Ministers of the National Alliance withdrew from the parliament session of Saturday.  MP, Abdul Karim Abtan, attributed the withdrawal to "The kidnap of the MP, Zaied al-Janabi, assassinating the chieftain of Janabi tribes and killing the MPs' guards."   REMEMBER I SAID ALL WEEK TO DETAIN THINGS HAPPENING TODAY AND TOMORROW SOMETHING MAJOR WOULD HAVE TO HAPPEN AND THIS KIDNAPPING OF THE MAN AND HIS FAMILY ARE JUST THAT KIND OF ACT. KEEP IN MIND THE NEWS MEDIA THERE ARE VERY CONTROLLED. IT WILL TAKE TIME TO KNOW THE FACTS SO DONT JUMP TO CONCLUSIONS YET.

AKM IMRAN UPDATE, 14 FEB

AKM IMRAN :These LAWS are completed but their implementation into the budget to PROTECT it and it's FUNDING are among a handful of things being DONE in the next TWO WEEKS. The GOICBI wants to SCREAM. IOO...They are attempting to do so today and tomorrow. Truth be known...we are VERY surprised to see this information coming out at this present time. Encouraging pace.

DINAR GURUS UPDATE, 14 FEB

2-14-2015  Newshound Guru Aggiedad77   Article:   "Keywords: important laws require further deliberation, the parliament is determined to approval"  A member of the National Alliance states that the COM has worked hard to present laws to Parliament and Parliament in turn is working diligently to get these laws approved things like the oil and gas law, the law of parties....expect to see these laws showing up on Parliament's agenda in the coming timeframe to be read and then voted upon.

2-14-2015  Newshound Guru Millionday 
   THE HOUSE HAS ORDERED AL-JABOURI TO ADDRESS ANY LAWS THAT HAVE BEEN DELAYED...HE HAS TO ADDRESS THEM THIS WEEK -- SO ANY LAWS THAT ARE NOT FINISHED OR ARE IN NEED OF A VOTE MUST BE COMPLETED THIS WEEK  MANY LAWS WE HAVE READ ABOUT MADE IT THROUGH THE SECOND READING AND THEN NO MORE WAS SAID ABOUT THEM...SO THEY ARE CALLING FOR ALL AT THE SAME TIME -- THIS WEEK-- THEY NEED TO BE VOTED ON AND FINISHED.   THE GOV PROGRAMS AND AGREEMENTS NEED THESE LAWS TO BE COMPLETED SO THE TIMELINE TO HAVE THEM COMPLETE THIS WEEK IS OF COURSE VERY EXCITING...THIS INCLUDES THE HCL.   THEY HAVE AROUND 90 LAWS THAT WILL BE ALL AT THE SAME TIME -- THEY MAY DO A MASSIVE PRINT IN THE GAZETTE TO BRING THEM TO LAW.

2-14-2015   Intel Guru TerryK 
   I DON’T THINK TOMORROW EVEN THOUGH THAT’S THE GAZETTE NORMAL DAY TO PUBLISH.   I THINK IT WILL ALL HAPPEN SUNDAY WHEN THE BANK OPENS NO BIG FAN FAIR.   3.56 is what im hearing for the ri rate then rv very soon after that OVER 8.16.  WE ARE AT THE DOORSTEP OF LIFE CHANGING CRAP.

2-14-2015  Newshound Guru Aggiedad77   I believe "IF" the budget is seen on Sunday it will be 1166. 
  "IF" we see 1166...they should be ready to release things.   This should be short-lived IMO...otherwise Iraq as a country would implode due to what it owes.  I'm thinking the real question here is "WILL" we see the budget Sunday.  "WILL" the LAWS be ready is the other question that interests me.  Currency shortages appear to tell a tale that our timing must be fairly short.  Bottom line...something has to give...I think the budget will show at 1166.

2-14-2015   
Intel Guru TNT Tony  [via Adept1]   The process calls for it to come out at 1166, then go to $3.91, and then it could go higher still.  It could be [1166] for 20 seconds or 20 minutes, but you will soon see the rate go to $3.91.  We know that HCL and signed agreements are already in place.  We know they are supposed to pay Kurdistan tomorrow [Saturday].  Those have already been done and signed off.  Everyone knows the time frame.  We were given the information that it would be last Thursday or over the weekend.  Everything has been approved and passed;  in Iraq, they were just finalizing bank laws in-country and internationally.  All that has been accomplished, so we wait for today, tomorrow, Sunday, Tuesday at the latest. 

S3A CHAT UPDATE, 14 FEB

S3A : 
  • I know of a BIG conference call in a couple hours with several people involved in Platform trading and with their Paymasters ;)

    • Considered as RUMOR ...IMF HOLD LIFTED

      • Blessings PT! Rocking steady today :)

      • ok I will.

      • thanks pt

      • That would be huge for platforms!

      • KABOOM 100 TIMES! THANKS PT

    • Saturday Morning Clues.....

      All Simple Folks!!!

      First Off......Happy Valentines Day To You All (I'm Saving a lot of Money Today)!!!

      And Happy Birthday to My God-Daughter (25 Yrs Old Today)

      HCL + GOI + RI = RV

      Keep Your EYE ON THE PRIZE TODAY

      Don't FREAK OUT when You See a NEGATIVE STORY (Some of You Already Are)

      EVERYTHINGS DONE.....

      RELAX

      BREATH

      WOO SA!!!
    • SPROTT GLOBAL NEWS:Eric Sprott: Expect Physical Gold Backing of Currencies Within Next Decade, 14 FEB

      Tekoa Da Silva

      Eric Sprott: Expect Physical Gold Backing of Currencies Within Next Decade

       Eric Sprott Interview Chair
      During a time of currency volatility and returning strength in precious metals, Eric Sprott, Chairman of Sprott Inc. was kind enough to share a few comments.

      Regarding currencies, Eric noted that “I’m kind of shocked that the most volatile sector of the financial market right now is the currencies… it really should be bonds or stocks, but it now seems to be currencies.”
      Higher risks within global currency markets buttress, “An awesome outlook for gold,” Eric added.“Last year, 84% of the world’s population would have made money owning gold because of various currency moves—even though gold in US dollars was down approximately 1%.”

      Commenting on the root cause of growing currency gyrations, Eric noted that, “The whole precept that printing money is good…that somehow zero interest rates and negative interest rates are good, is totally fallacious…It’s so unimaginable and yet somehow the investment public has bought into it…Things are unstable here…So I imagine probably in less than 10 years we will see physical assets backing currency. Of course, the most likely physical asset is gold.”

      Here are his full interview comments with Sprott Global Resource Investment’s Tekoa Da Silva:
      Tekoa Da Silva: Eric, we recently saw a move in gold from about $1150 oz. to $1300 oz. in US dollars with a backdrop of some pretty interesting currency gyrations around the world. What goes through your mind here as you look at gold?
      Eric Sprott: Well, I think your comment about currency gyration is probably the most significant thing because I’m kind of shocked that the most volatile sector of the financial market right now is the currencies, which goes against the grain of what should be happening. It really should be bonds or stocks that are most volatile, but it now seems to be currencies.

      Of course this all leads to an awesome outlook for gold. Last year, 84% of the world’s population would have made money owning gold because of various currency moves even though gold in US dollars was down approximately 1%.
      As we sit here this year, I think it’s now the strongest currency on the planet and you can see that the volatility of the currencies is causing stronger interest in gold, and we’ve seen that manifest in a number of ways. One, the GLD (SPDR Gold Trust) added something like 40 tons last month, which is a stunning number when you realize it’s only a 4000-ton market.

      If you ever did 40 tons consecutively for 12 months, you would have an extra 500 tons of demand in a 4000-ton market. You can also see interest in the gold stocks picking up. In Toronto recently there were five new financings announced that totaled half a billion dollars, and they all sold out.
      So we’re seeing money going into the gold trust. We see the coin sales; the mints are strong. We see the money coming into the stocks - all the technical signs are there like breaking through the 200-day moving average, and the HUI index breaking out. Lots of stocks have had major moves already. It’s very reminiscent of how we started 2014. Now I sure hope it doesn’t end the way we started 2014.

      But I think the reasons to own gold with the kind of volatility we’ve had just could not be better than they are right now.
      TD: Eric, what are your thoughts on the financial institutions and money-center banks, and their impact on the economy, amid the currency turmoil we’re seeing?
      I’ve read that leverage can be taken out at 100-200 times the amount of capital that you have on board in some forex markets. Based on your experience in running financial organizations, what are your thoughts on that?

      ES: Well, Tekoa, one of the reasons I got into gold way back in 2000 was  the realization that the financial system was way over-levered. I mean, we had banks levered at 30 to 1, which by definition means if your assets decline by three and a third percent, you’ve lost all your equity. That’s exactly what happened in 2008 and the banks effectively all went broke, and the various central banks and governments came in to rescue them via TARPs, TALFs, QEs and so on.
      We have the same situation again today. Most of the banks have had very poor results. We hear stories about Citigroup reportedly losing $150 million when the Franc was revalued and some of these hedge funds that went broke overnight.

      There’s a lot of carnage going on out there. I’m always fascinated when I think about the quadrillion of derivatives on who-knows-what; oil, the ruble, the yen, the Canadian dollar–or something going the wrong way against the US dollar. It’s hard to imagine that somebody is not losing a lot of money here because 1% of a quadrillion is ten trillion. The volatility in these currency markets is way beyond 1% per day, so goodness knows what’s going on behind the scenes, but it can’t be pretty.

      TD: Eric, do you have any memories of friends or possibly anecdotal stories in which an individual may have shorted something that was extremely overvalued but due to counterparty risk was unable to enjoy the profits of their speculation?

      ES: Well, shorting is a dangerous game in the best of times and I’ve done a lot of it in my day, and of course with shorting, your loss potential is unlimited. You never know how high something can go and I personally experienced times when I was short of stock. I can remember being short Fannie Mae. I think it is was in 2008, in the middle of the crisis, and Fannie had already gone from $60 down to $6, and in two weeks it went to $18—just because of a squeeze. So it went up 200% in a matter of weeks because of the squeeze.  
      It’s hard as a short seller to hold on, but probably four months later, it was at $1.00. So it’s a very volatile situation when you have things that are ultimately terminating. We all went through that in 2001, 2002. In 2008, there were so many stocks that went down to a dollar; General Motors, Ford, Fannie, Freddie, Citigroup, and thankfully, some of them have transitioned. Others have gone off into conservatorship. Markets can be incredibly volatile and people better make sure they’re on the right side of the call.

      TD: Continuing on the idea of currencies, do you feel what we’ve seen so far in the Russian Ruble and the Swiss Franc is going to roll from one country to the next, over the next 10 to 15 years?
      ES: Well, it certainly looks that way. Just this week the Canadian dollar was down 2.5%. I believe (and I haven’t seen it yet because I’ve been tied up in meetings) but I believe the euro was down 1.5% today.

      The Danes had to go to negative interest rates to protect their currency. That was a week or two ago. So the currency wars are in full bloom, and maybe the central bankers have finally lost control. A lot of money can slosh around asking the question, “What’s the next weak currency going to be or what’s the next strong currency going to be?”
      So the countries with strong currencies have to worry about their currencies getting pushed up and the weak ones have to worry that speculators might push it down. So it’s hard to protect your wealth in an environment where your own currency is more volatile than any other measurable financial instrument and that’s what we’re going through right now.

      TD: Eric, I’ve had the opportunity to speak with you in the past about aggressive investment strategies in precious metals and mining stocks. I’d like to ask you now about core strategies; physical bullion and personal ownership. As an organization, we’ve created The Sprott Physical Bullion Trusts—but what are some additional core strategies a person can take to help insulate their lifestyles?

      ES: Well, as you know, I’m a huge proponent of owning gold and anything related to precious metals. I know there have been lots of studies done about how much gold one should have and various studies suggest 5%-10% of your portfolio. I’m way more invested in precious metals than that, because I believe we are in a financial Ponzi scheme that has been perpetuated by the printing of money, zero interest rates, and now negative interest rates.
      It’s inexplicable that the markets can sustain these monetary circumstances and that economies can function with no return to savers (which negative interest rates imply). Now, with all the currency volatility on top of it—imagine if you were the owner of a German bond and you’re already losing .5%. Then the euro goes down 1.5% in a day. Not only do you lose on the interest, now you lose on the currency. How do you deal with this very odd situation that we’re in?

      For quite a while I’ve invested 80% of my money in precious metals and, notwithstanding the carnage we’ve gone through here in the last three years, all the data of the movements of physical gold tell me there’s more demand than supply.
      I’m quite prepared to stand in there, notwithstanding the paper markets, suggesting that “an end is near,” and I fully expect we end up seeing new highs in all the metals here.

      TD: Eric, I’d like to ask you about the marginal producer strategy we’ve talked about in the past, in terms of the magnitude of return one can find amid a strong move up in the price of gold. Could you talk a little bit about the mathematics of that—i.e., how many companies do you need to own? What can go wrong?

      ES: Well, it depends on your appetite. Let’s just imagine that some of these companies’ costs are $1000 per oz. gold, and the price is $1200 oz. gold. So you’re working with $200 a margin. At an assumed gold price of $2000 oz., you have five times that margin, which by implication suggests the stock could go up by five times.
      Imagine a marginal producer with an $1100 oz. cost and only making $100 oz. Under a $2000 oz. gold assumption, now he’s making $900 oz. That stock can theoretically go up nine times based on the earnings multiple.

      It takes a little intestinal fortitude to be there because you can suffer the risk of the price of gold going back down. But as you know, I’ve invested in lots of these types of investments. I did it before in the year 2000 when no one cared. At that time, I think the HUI gold index went up 1700% percent in about 8 to 10 years. So it was just a wonderful time to own gold.
      I think we might be in the same type of environment today because they’ve been so sold off. Everybody suggested the bull market was over but obviously it wasn’t over. The thesis for gold and silver are totally apparent to anyone who wants to think about it, and opportunities are going to present themselves in the miners as well as to the owners of the precious metals themselves.

      TD: Eric, I’ve heard George Soros often looks for commonly held precepts that are wrong, and bets against them. Using that general idea, outside of gold and silver, are there any commonly held precepts around the world today that are absolutely wrong in your opinion?

      ES: Well, the whole precept that printing money is good is totally fallacious. The concept that somehow zero interest rates and negative interest rates are good is totally fallacious, because the whole saving segment of the world can’t earn a return.
      It’s like saying you have a million dollars in a pension fund. What did you earn on it? Well, it didn’t earn anything. It lost .5% a year. How do we get progress out of that when you have such low and sometimes negative interest rates? So that’s a fallacy.

      I think another fallacy is when we went into 2012 that it was going to be a great year for the economy. 2013 is going to be a great year. 2014 is going to be a great year. This is always at the beginning of the year, right? Then you get to the end of the year and it’s never great. In 2015, people are again suggesting that maybe the US economy is going to be strong. I don’t think there is any serious growth that’s going on in the economy.
      We have people making decisions to allow more and more unqualified home buyers buy houses and more cars they can’t afford to own. We have a US dollar that’s strong which cannot be good for the economy. The same strength we see in the Franc that’s so bad for the Swiss economy also holds true for the dollar not being good for the US economy.

      As a Canadian, I can tell you we are already seeing a shift where some of the auto production starts moving up to Canada because the Canadian dollar is trading for less than $.82 cents to the U.S. dollar. So car companies shift the production up here. That’s why strong currencies don’t lead to strength in the economies and that’s why you have this currency war where everyone wants to have the worst currency. It’s a fight to see whose the worst is.
      So that’s another thing that I don’t think people understand. There’s no real growth. Money printing is not going to work and zero interest rate policy is not going to work.

      TD: Eric, in winding down—any other thoughts you think we may have missed?

      ES: Well, I think the theme is the same, but we haven’t really talked about the “physical-ness” of gold. I woke up this morning and read that the Chinese delivered 61 tons in the Shanghai exchange this week. I love to work with numbers. Sixty tons a week is 240 tons a month. Well, we only mine 180 tons a month.

      So here we have more deliveries on the Shanghai gold exchange than we mine in a month. That’s just one country. I’ve been so pleased by the demand out of both India and China. It looks like India might cut the import tariff. You can sort of sense that’s going to happen.
      I think it’s interesting that the ECB is going to start printing money in March, which was just announced recently and I suspect the Japanese are going to stop printing at the end of February and we’re just going to pass the baton along. A day after the US stopped QE 3, Japan started their QE. It’s very ironic that one would happen right after the other because I think they need to have somebody buying these bonds. Otherwise these rates will go straight through the roof.

      So there are all sorts of interesting things going on that I think lead to the conclusion that the true safest asset is precious metals. That would be my summary.

      TD: As a final question for you Eric, how do you expect the world might look in 20-30 years, currency-wise?

      ES: Well, if I was to bet, in less than 20 or 30 years we will have to have a gold-backed currency. It has just got to happen. There’s no way governments can keep spending the money they spend and printing the money they print. It’s so unimaginable and yet somehow the investment public has bought into it. But you will never read about printing money in an economics textbook because it never happened before. You will never hear about negative interest rates in an economic textbook because it never happened before.
      I think to your audience, those words, “it has never happened before,” should awaken them, too. Things are unstable here. We are fighting a natural decline of the economy that should be taking place and the powers that be won’t let it happen and the more they delay it, the worse it will get.

      So I imagine probably in less than 10 years we will see physical assets backing currency. Of course the most likely physical asset is gold.

      TD: Eric Sprott, Chairman of Sprott Inc., thanks for sharing your comments.

      ES: Tekoa, my pleasure. All the best to you.
      For questions or comments regarding this article, or on investing in the precious metals & resource space, you can reach the author, Tekoa Da Silva, by phone 800-477-7853 or emailtdasilva@sprottglobal.com.
       LINK