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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, July 9, 2015

TERRYK CHAT UPDATE, 9 JULY

TERRYK Drive By 7/9/20154:15pm edt

[.TERRYK] Hey all
[.TERRYK] if a country has a credit rating what does that mean
[wushock92] One would think their currency would have to have value
[arizona49] .TERRYK tradeable currency 
[.TERRYK] so if I told u a rumor that Iraq has a. A- rating as of today
[.TERRYK] would u be pleased
[wushock92] happy dance 
[arizona49] .TERRYK pleased would not be the word..........overjoyed could do it 
[.TERRYK] got word of that an hour ago
[monkeyman] .TERRYK no not till i see the rv    
[.TERRYK] so go look and search
[monkeyman] .TERRYK naw really thats good
[.TERRYK] and find it
[wushock92] To be truthful, I would be happy for Iraq. They need this so much more than I do
[.TERRYK] got a call telling me that
[.TERRYK] treat as rumor but.....go look for it
[monkeyman] .TERRYK then iraqs credit rating is better than the usa
[monkeyman] i think we have an A-
[.TERRYK] nah ours is lower
[wushock92] Just looked: AA+
[monkeyman] who wushock92 
[wushock92] US according to the WSJ last month
[.TERRYK] really how is that, we are 18 trillion in debt
[wushock92] idk  
[Colorado] downgraded from AAA to AA+ on August 2011
[monkeyman] Colorado ok i thought we were down graded
[.TERRYK] well go find Iraq's
[.TERRYK] later all

CURRENCY SWAP, 9 JULY

currency swap (or a cross currency swap) is a foreign exchange derivative between two institutions to exchange the principaland/or interest payments of a loan in one currency for equivalent amounts, in net present value terms, in another currency. Currency swaps are motivated by comparative advantage.[1] A currency swap should be distinguished from interest rate swap, for in currency swap, both principal and interest of loan is exchanged from one party to another party for mutual benefits.[2][1] LINK

*****
IRAQ DINARES: Para su informacion. Esto es que son los Contratos Privados que la mayoría de ustedes entraron y lo explica aquí. Informense de los Currency Swaps.... POOWWWW.....!!!! God is Good.

TRANSLATION:

IRAQ DINARES: For your information. This is that they are private contracts that most of you came and explained here. Inform yourself of the Currency Swaps .... POOWWWW ..... !!!! God is Good.

SCZIN11 & CHATTELS CHAT UPDATE, 9 JULY

chattels: ‹@KiwiDoc› EXCELLENT

KiwiDoc: ‹@chattels› yes it's a great evening

KiwiDoc: ‹@chattels› so your take on the Greeks', do you think they will stay the course and try to buck the banks or cave?

chattels: ‹@KiwiDoc› I SUSPECT THAT THERE WILL BE SOME GREATER FORGIVENESS AND A DEAL DONE THAT KEEPS GREECE IN THE EU

KiwiDoc: ‹@chattels› it sounds like it, but if the Greek people bull their necks and the banks keep their doors closed it might get more interesting, either way, I doubt as some suggest, that the Iraqi predicament is tied to it.....

chattels: I AM NOT CONNECTING THE TWO

KiwiDoc: ‹@chattels› agreed nor am I and the waiting as I read your comments from earlier today seem to make even more sense. The waiting is a part of the process, and my belief is that the wait will be worth it.....I just hope I'm alive to see it!!!

chattels: THIS HAS BEEN QUITE A JOURNEY - I WISH THAT I KNEW WHAT FATE HAD IN STORE FOR US
~~~
Doug_W: GM Gang

sczin11: ‹@Doug_W› GM DOUGGIE

Doug_W: how B Ya 11 ?

sczin11: VERY TIRED...BUT GOOD...U?

sczin11: HUGE NEWS !!! Government intervention of the World Bank as a partner in the formulat

sczin11: BRING ON THE WORLD BANK TO MAKE SURE THE GOVERNMENT PLAN FOR THE CITIZENS OF IRAQ, AS FORMULATED BY PM ABADI, IS FUNDED PROPERLY IN THE BUDGET.... NAMELY THE ACTIVATION OF THE PRIVATE SECTOR

sczin11: [b]Government intervention of the World Bank as a partner in the formulation of the budget in 2016

sczin11: 09/07/2015 12:04

sczin11: Tomorrow Press / Baghdad: senior source revealed in the Cabinet, Thursday, for government approval for the introduction of the World Bank as an essential partner in the formulation of public finance federal budget according to the required economic reforms.

The source told "tomorrow Press," "The Ministry of Finance wants international help to arrange the matrix priorities for projects required by the ministries, and modify the doors of disbursement,"

 noting that "the required amendments of the World Bank will be based on the items included in the government program which Abadi announced the moment of formation of the current government ".

"The government has asked the World Bank loan of one billion dollars to cover the deficit in the budget winning result of the decline in world oil prices," adding that "the World Bank agreed to grant the loan in exchange for conditions related to conduct real economic administrative reforms in the government system, the most prominent stop employment,

sczin11: and activating the private sector. "

sczin11: and activating the private sector. "

sczin11: and activating the private sector. "

sczin11: The government program presented by al-Abadi includes several paragraphs concerning the activation of the private sector and conduct administrative and legal reforms to revive the comprehensive national economy

sczin11: wealthwatch.world/showthr...

http://wealthwatch.world/showthread.php?tid=955

sczin11: the World Bank as an essential partner in the formulation of public finance federal budget according to the required economic reforms.

sczin11: the World Bank as an essential partner in the formulation of public finance federal budget according to the required economic reforms.

 chattels: While the news headlines scream of sectarian violence, many everyday Iraqis tell a different story of cohesion and solidarity in cities where the displaced have gathered. Read more: www.al-monitor.com/pulse/...

http://www.al-monitor.com/pulse/originals/2015/07/iraq-ramadan-iftar-food-poor-charity-sectarianism.html#ixzz3fOINZMyK

chattels: “In reality, the situation is very different from what media outlets interested in political spats report.” He added, “You will not find sectarianism here. Sectarianism is found among political elites and armed factions, especially those who came from outside of Iraq, most notably IS.”

chattels: “Sectarianism is weak or nonexistent among social classes, but it’s deep-rooted among divided politicians and parties.”

chattels: “The month of Ramadan was able to show the cohesion of sects and … their children, while most of the media continue to convey division along sectarian lines.”

chattels: AN ENCOURAGING REPORT AT THE GRASS ROOTS AND ORDINARY PEOPLE

http://wealthwatch.world/showthread.php?tid=961

chattels: KDP official: Kurdistan seeks 'amicable divorce' from Baghdad By Yerevan Saeed

chattels: “This[independence] is a process that is happening and it's going to happen. The referendum will be held very soon, I mean in less than two years. It will be for all Iraqi Kurdistan citizens,” said Hawrami in a panel at the Middle East Institute in Washington. “Frankly speaking, Iraq is broken.”

chattels: “Unfortunately, his [PM Abadi] government has not fulfilled the agreement and the promises we have agreed on and he has not fulfilled the agreements that they had with the Sunnis as well,” he explained.

chattels: On the budgetary and energy disputes between Erbil and Baghdad, Hawrami said that the Kurds fulfilled their obligation of exporting 550K barrels of oil per day for several months, but that Baghdad didn’t send Kurdistan Region’s 17 percent budget share.

chattels: “Baghdad claims they don't have cash, but they have cash for PMU [Shiite militias]. Each member of PMU gets $800. There is money for them, but not for the Peshmerga,” he said.

chattels: wealthwatch.world/showthr...

http://wealthwatch.world/showthread.php?tid=109&pid=1964#pid1964

chattels: KIRKUK, Kurdistan Region—On a visit to the Peshmerga fontlines in Kirkuk on Wednesday Kurdish President Masoud Barzani said that the Kurdistani identity of Kirkuk must be established and the city kept out of enemy hands. Barzani said that in the end it is up to the people of Kirkuk to decide the fate of the province.

“The Peshmerga have paid with blood for this land and we have lost great men,” said Barzani. “But despite that, we will still not impose on people any particular form and it is up to themselves to decide their future.”

chattels: ‹@Doug_W› TYVM

chattels: wealthwatch.world/showthr...

chattels: SOMEBODY CALL " ZERODAY " AND TELL HER HOW HAPPY THE KURDS ARE

chattels: A secret to ISIS success: Shock troops who fight to the death By Associated Press

chattels: rudaw.net/english/middlee...

http://rudaw.net/english/middleeast/iraq/08072015

d6j8: Credit Ratings Credit ratings history Country: Iraq Type: All corporate municipal sovereign Industry: All Company: Show issues: Domestic bonds International bonds Rating agencies: Organisation for Economic Co-operation and Development (OECD) AllReset Scale type: All Rating scale: AllCountry Risk Classifications Rating range: Cbonds methodology for maintaining credit ratings total: 1 records on page: 203050100 Organisation for Economic Co-operation and Development (OECD) Country Risk Classifications 7 Issuers/ Issues Iraq № Moody's Investors Service Standard & Poor's Fitch Ratings 1 Aaa AAA AAA 2 Aa1 AA+ AA+ 3 Aa2 AA . AA 4 Aa3 AA-. AA- 5 A1 A+ A+ 6 A2 A . A 7 A3 A- A-

sczin11: ‹@d6j8› NO APOLOGY NECESSARY..SO IT LOOKS LIKE ALL THREE ARE REPORTING

d6j8: This is from another site . I thought it was highly important

sczin11: ‹@d6j8› DO U HAVE A LINK?

d6j8: Let me see if they posted a link

sczin11: THIS COMES OUT SAME DAY AS THIS... wealthwatch.world/showthr...

http://wealthwatch.world/showthread.php?tid=955

whitelions: ‹@sczin11› ty

Donnie: using cbonds.com/ratings/

http://cbonds.com/ratings/

Donnie: this is what shows for Iraq

Donnie: Without registration you can't see the prices.

Donnie: so it seems

Donnie: Oil Rout Set to End as Demand Trumps China, Greece Woes

Donnie: Oil’s biggest slump in four years will lose momentum because the plunge in Chinese equities and Greece’s economic crisis won’t dent global demand, according to Morgan Stanley, UBS Group AG and Societe Generale SA

Donnie: Crude is set for a “modest recovery” after declining 13 percent in the five sessions through Wednesday, Morgan Stanley estimates, while demand will push prices up by year-end, according to hedge fund manager Andrew J. Hall. Any nuclear deal with Iran won’t quickly revive the OPEC member’s crude exports, so wouldn’t immediately weigh on prices, Societe Generale said

Donnie: read more finance.yahoo.com/news/oi...

http://finance.yahoo.com/news/oil-rout-seen-ending-demand-043727350.html

chattels: ERBIL, Kurdistan Region—The number of inmates under death sentence in the Kurdistan region has grown to a record high as authorities continue to maintain a de facto moratorium on death penalty.

chattels: In the region’s three provinces, there are now 205 prisoners who have been sentenced to death. The number is higher than in any year since the 1990s when the Kurdistan Regional Government (KRG) established its autonomous courts, virtually independent of Iraq’s judiciary.

Apart from terrorism-related cases, no other death sentence has been carried out since 2008 because KRG President Masoud Barzani has refrained from ordering the executions to be carried out.

chattels: “These inmates are in terrible mental condition since they have no idea whether they will be executed or not,” said KRG Minister of Social Affairs Muhammad Hawdiani.

chattels: Kurdistan Parliament passed a terrorism bill on April 4, 2006, that instructs the death penalty for acts of terrorism or affiliation with a terrorist organization.

chattels: it reads as though if one is convicted of terrorism then the KRG will " kill you back "[11:25:37 AM] chattels: as Ron White says about the death penalty in Texas

chattels: you kill somebody in Texas and Texas will " kill you back "

TxBrand: :wink: good old southern hospitality

chattels: rudaw.net/english/kurdist...

http://rudaw.net/english/kurdistan/090720153
chattels: The High Representative cited British Cabinet Minister, Michael Gove’s useful definition of the debate as between those who want to 'beat back the crocodiles that come close to the boat' and those who think it is necessary to 'drain the swamp.'

 He said that air strikes are beating back the crocodiles but their control of one third of Iraq and half of Syria provides the swamp which keeps them safe and helps regenerate their military power. 

He concluded that we need a 'collective strategy to drain the swamp and eradicate Daesh forever.'

chattels: But Kurdish and Iraqi troops cannot alone provide the ground troops that can defeat Daesh and, at the very least, British and American special forces will be needed alongside economic and ideological warfare. There will be much resistance to this but the logic is unsparing if we are to do more than contain Daesh.

chattels: i doubt that the U.S. will commit any more American blood to save Iraq

TxBrand: an American died in Iraq not long ago ..fighting ISIS ..I think

chattels: ‹@TxBrand› an American mercenary fighting with the Peshmarga is the only death that i am aware of

chattels: But my point is not that a life might not be lost out of the 3,500 or so advisors, but whether the U.S. will commit ground forces per se

chattels: chairman of the Parliamentary Integrity Committee MP Talal Zobaie Khudair that a general amnesty, accountability and justice laws and the National Guard emptied of their content and become only the titles and we can not vote in its current form.

chattels: wealthwatch.world/showthr...

http://wealthwatch.world/showthread.php?tid=963

chattels: " ............. general amnesty, accountability and justice laws and the National Guard ................................... we can not vote in its current form."

TxBrand: right

DINAR GURUS UPDATE, 9 JULY

7-9-2015   Newshound Guru Millionday   Article quote:  "...the current legislative term will see the passage of the new investment law."   THE INVESTMENT LAW SHOULD BE PASSED BY PARL THIS SESSION.   DIVERSITY THROUGH INVESTMENT WILL ADD TO THE MARKET AND SUPPORT THE BUDGET WHERE INTENDED.  SO AS WE KNOW THE INVESTMENTS WILL BRING IN MARKET DIVERSITY AND MINIMIZE THE RELIANCE ON OIL ALONE .

7-9-2015  Newshound Guru wmawhite
  Another question...unlike sovereign bonds...Iraq will be going to the retail markets with its first international bonds...what is needed in order for Iraq to do such a thing?  Iraq will need a sovereign (country) credit rating.   ...this will enable Iraq to be compared with all of the other countries in the world that are also issuing international bonds.  Another question:..when compared to other countries...in addition to the credit rating, what will help Iraq when compared? A currency that is freely moved/traded on the world currency markets.

7-9-2015   Newshound Guru Adam Montana
   ...we're almost done with Ramadan. It's possible for something big to happen in the next 10 days...But if Ramadan goes like it normally does, things just slow down over there.  Negative Nancys like to say "oh nothing ever gets done", but I disagree - a LOT has been accomplished in a very short time over the last 6 months, and I'm optimistic about the situation. I'm looking forward to seeing things pick up pace again... but not in the next 10 days.  Give it a week and a half, and then let's see what happens.

7-9-2015   Newshound Guru Millionday
  [Has Iraq put in place electronic security to protect themselves...?]  I SAW TECH ISSUES FOR NEW YORK --- AND IT SEEMS MOST MARKETS ARE IMPACTED BY ONE THING OR ANOTHER TODAY [WEDNESDAY] -- IMO IT WAS EXPECTED ANYWAY AS THEY WATCHED FOR CONFIDENCE IMPACTS DUE TO GREECE AND CHINA ETC -- THEY REPORTED THEY HAVE THE MOST ADVANCED AVAILABLE.  [OK. This may get bumpy.]    IT HAS BEEN PRETTY BUMPY ALREADY -- LOL.

7-9-2015   Newshound Guru Kaperoni
   Article quote:  "the process of deletion of zeros from the local process needs a major economic power and great money,"... clearly implies to me we are right on with our thinking...that the deletion of zeros is a result of growth of Iraq's economy and capital investment.  When that happens, the CBI will float the dinar and the zeros will go away naturally as a result.  We are waiting for the flood gates to open and that will come with stability and laws.

The Futility and Immorality of Iran Sanctions, 9 JULY

HONG KONG -- "We have been trading with Iran for 500 years and the only barrier has been a strip of water. Why would we stop now because someone across the ocean demands it?" a top local banker asked me rhetorically during my recent stopover in Dubai on my way to Iran. The two-way trade between the UAE and Iran is estimated to be around U.S. $15 billion and in reality is twice as much since this does not account for the enormous informal sector.

Contrary to what many have come to believe, U.S. sanctions on Iran are not as crippling as they are made out to be. Unlike many of its neighbors who are almost entirely dependent on oil, Iran is a diversified economy with a functioning manufacturing, agricultural and service sector, albeit inefficient due to sanctions and inadequate investments. The World Bank classifies it as an "upper middle income" country and despite sanctions Iran, with a GDP of $415.3 billion, is still the second largest economy in the Middle East and North Africa region. Average life expectancy (74 years) is almost as good as any in the developed world, and when it comes toprimary school enrollment, Iran is leagues ahead of its neighbors.

But, if anything, the Iranian people are resourceful and creative. They get around the problem through ingenuity and enterprise. A thriving currency market in the bazaars of Isfahan allowed me to exchange as much cash as I wanted for my travel and shopping, and sellers were happy to accept the Hong Kong dollar, renminbi and the yen. Carpet merchants, hoteliers and even taxi drivers are ever ready to swap foreign currencies for the riyal. Bank Melli Iran even issues pre-paid "cash cards" that allow tourists to swipe transactions just as they would in Hong Kong or Singapore.

"'The sanctions make those of us who are rich even richer and those who are poor even poorer.'"



This is not to say that sanctions do not hurt. Inflation has hit the pockets of ordinary Iranians, and the collapse of the Iranian riyal, which has fallen by 57 percent of its value since early 2012, has made imports more expensive. By eliminating market competition and leaving what little room there is for international trade to a very restricted list of individuals and organizations, sanctions have created huge inequalities in Iranian society. As one wealthy Iranian told me, "the sanctions make those of us who are rich even richer and those who are poor even poorer."

So if sanctions are ineffective, then why are they still in place? This comes down to what former French President Valery Giscard D'Estaing called the "exorbitant privilege" granted to the U.S. via the Bretton Woods agreement. He used this to describe U.S.' unique ability to dominate the global financial system by virtue of the greenback being the global reserve currency. That extraordinary primacy of the greenback has allowed Washington to extend the notion of exorbitant privilege to exercising arbitrary force on those who dare not to play by its rules.

But the beneficiaries of the sanctions are many. These include the Gulf states, who are very aware of the windfall the sanctions on Iran gives them, and it is easy to see why they are beseeching Washington not to relax them. The motivations are probably more economic than sectarian. As the Dubai banker explained: "Iranians have a lot of money locked in Gulf banks, businesses and real estate. Guess what happens to all those shiny glass and marble shrines once Tehran rejoins the international financial system?"
What he implied was that much of that economic power could readily move to more fertile ground with a much larger consumer base. If the sanctions were lifted, the "music," at least for the Gulf states, could possibly slow down. But that might not be a bad thing as spreading the wealth in the region will create healthier competition and importantly help bring much needed political stability as commerce and trade expands. It will also unleash the untapped human capital of the largest and most educated pool of young people in the region -- and that would include women who outnumber men in universities in Iran.

So just how unfair is it for the world to let one nation have the exorbitant privilege to punish others just because it has an old axe to grind? No other country has been granted this, and it is about time the world took ownership of this "license" so that it is not abused.

"'You can drive the length and breadth of the U.S., but you will not find a single place with anything like the culture you will find at Imam Square. Why do they think we will bow to them?'"


Why? Successive U.S. administrations have shown the world repeatedly how badly it takes setbacks and seeks to punish others without global support. More than three decades have passed since the U.S. embassy hostage crisis, but that incident continues to color how American foreign policy frames Iran. For most Americans, Iran is a hostile place where their diplomats were once held hostage, not a warm and friendly country of about 80 million people and a GDP of U.S. $415.3 billion with whom they should have strong ties. Most Americans are either ignorant of or refuse to acknowledge that American and British conniving to protect oil interests thwarted Iran's first attempts at democratization in 1953. 

On the humanitarian front, the tightening of the sanctions has resulted in serious shortage of lifesaving drugs, vaccines and other key medical supplies in the country. A much tougher sanctions regime on neighboring Iraq after the first Gulf war killedabout half a million children under the age of five according to UNICEF. If such reports are anything to go by, then it is clear that sanctions did the same in more heavily populated Iran. But politicians in the West have become so trapped in this game of charades that even a threat to the lives of hundred of thousands of babies barely stirs their conscience. It would appear no price is high enough to pay to punish Islamic theologians whose worldview is not shared by the West. 

But Iran is more than the simplistic image many in the West -- in their fear of Islam -- have of the country. To stand in the middle of Imam Square in Isfahan is to stand in awe of a culture that predates the arrival of the first pilgrims on the shores of North America. The Iranians know their place in history. Extremely learned, it is a culture that has developed a highly refined sense of literature, art and architecture. I met a 65-year-old master craftsman, who earns $200 a month investing three years of hard labor trying to fix an elaborately designed silk carpet made by a master weaver whose center was off by a mere two inches. What kind of a culture produces this kind of devotion to perfection? As my Iranian friend who has family in the U.S. told me, "you can drive the length and breadth of the U.S., but you will not find a single place with anything like the culture you will find just here at Imam Square. Why do they think we will bow to them?" 

U.S. and European negotiators will do well to remember these words of a young businessman and not those of a religious fanatic. They should stroll through the bazaars of Isfahan and Shiraz if they have any second thoughts about inking the agreement with the Iranians. Neither the moderates, nor the hardliners will part with Iran's right to nuclear energy. If they are expected to play their role as responsible actors in global affairs, then they should be respected and trusted as equal partners. It is time for futile and immoral sanctions to go. The poor and weak have already paid an exorbitant price. 

HSBC: RMB to become influential world currency, 9 JULY

World powers and Iran 'on verge of nuclear deal',9 JULY

Iran and six world powers meeting in Vienna are said to be  close to an historic nuclear agreement that could resolve a dispute that lasted more than 12 years over Tehran's nuclear ambitions.
Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that he could not rule out the possibility of an agreement in the coming hours, even if there was still doubts over some of the finer details of the deal and if it could be resolved by the end of the day.

Iran's Deputy Foreign Minister Abbas Araqchi said the main text of the agreement, as well as five technical annexes, were "around 96 percent complete."
While the lifting of sanctions was largely agreed, Araqchi said Tehran's demand for an end to a UN Security Council arms embargo was among the most contentious unresolved points.

But an Iranian state broadcaster Press TV cited an Iranian official as saying it was unlikely an agreement would be reached on Thursday. A senior Western diplomat similarly also said it was "very doubtful" the talks would finish on Thursday. 
Over the past two weeks, Iran, the United States, Britain, France, Germany, Russia and China have twice extended a deadline for completing a long-term deal under which Tehran would curb sensitive nuclear activities for more than a decade in exchange for sanctions relief. 
Western countries accuse Iran of seeking the capability to build nuclear weapons, while Tehran says its programme is peaceful. A deal would depend on Iran accepting curbs on its nuclear programme in return for the easing of economic sanctions imposed by the United Nations, United States and European Union.
A successful deal could be the biggest milestone in decades towards easing hostility between Iran and the United States.
It would also be a political success for both US President Barack Obama and Iran's President Hassan Rouhani.
The current round of talks has blown through two deadlines already and has been extended until Friday, but the Obama administration must submit an agreement to Congress before Thursday turns to Friday in Washington if it wants to avoid an extended legislative review.
If the administration misses that target, the congressional review period will double from 30 to 60 days, possibly delaying  the sanctions relief that the US would have to give to Iran under the terms of an agreement.
US Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif have been meeting daily for two weeks to overcome the last remaining obstacles to a deal.
French Foreign Minister Laurent Fabius and his British and German counterparts have also rejoined the negotiations.  
The White House said President Barack Obama and his national security team held a video conference on Wednesday with Kerry, Ernest Moniz and the US negotiating team in Vienna.
Tehran says the UN embargo on conventional weapons must be lifted in a nuclear deal. Western countries are keen not to allow Iran to begin importing arms because of its role supporting sides in conflicts in the Middle East.
Iran has powerful support on this issue from Russia. Foreign Minister Sergei Lavrov said the UN arms embargo should be among the first sanctions lifted in a deal.
"We are calling for lifting the embargo as soon as possible and we will support the choices that Iran's negotiators make," he said at a summit of BRICS countries - Brazil, China, India, Russia and South Africa.

KTFA CHAT UPDATE, 9 JULY

KTFA:

Backdoc: 
 WITH ALL THE WORLD EVENTS SEEMING TO CONCLUDE OVER THIS WEEKEND WITH IRAN AND GREECE I REALLY LIKE WHERE WE ARE.

IF IRANS' DEAL GETS ANNOUNCED OVER THE WEEKEND LOOKOUT ON MONDAY FOR THE MARKETS.

IT MIGHT START TO SEEK A LOWER LEVEL DUE TO OVER SUPPLY OF OIL DUMPING BY IRAN.

WOULD THIS BE THE PERFECT SETUP TO RELEASE A RATE SOON SO THAT SALARIES WILL BE PAID.

I SMELL AN ASSET BACKED SYSTEM SEEKING TO BE FOUND VERY SOON.

OF COURSE JUST MY OPINION   DOC
....
************

Mountainman  :IMO.....This is a GLOBAL MR.....MANY Debt Slaves will be RELEASED in this JUBILEE!!!....(See Article Below)

Like it or not.....It's an OPPORTUNITY for 195+ Countries to RESTART their VALUE and IRAN is No different...Except that their STOCKPILE of OIL will Infuse their Currency as SANCTIONS are lifted and MORE Stability is Negotiated in Trade Contracts!!!

Don't think for a Minute COAPORATION is NOT Front and Center in these Trade Talks......

As for the OIL....Well perhaps they will PHASE this ASSET in "PHASES"....Pun Intended...LOL ...So as to NOT SHELL SHOCK the Market......CHEAP,CHEAP GAS......

FILL er UP Boys.....Zoom,Zoom,Zoom.....Nooo, NOT on A CAMEL....Maybe a CARRERA......PORSCHE....EVEN....

************

ThunderHawk:   Oil prices are poised to fall further as Iran talks continue

It’s just a matter of time before sanctions on Iran are lifted. And when they are lifted, oil is likely to tumble further as the Persian Gulf country boosts production and battles swing-producer Saudi Arabia for market share.

Crude-oil for August delivery CLQ5, +0.10% has been walloped with a 12% fall so far in July on the New York Mercantile Exchange. Prices touched lows under $51 a barrel on Wednesday. They stand at their lowest levels since April.

August Brent crude traded on the ICE Futures exchange LCOQ5, +0.12% has seen a month-to-date loss of more than 11% and traded at $56.42 a barrel on Wednesday.

But oil prices are poised to fall further as a nuclear deal between Iran and the U.S., China, France, Russia, the U.K. and Germany appears likely. Such a deal would unleash a new supply of crude oil back on to the market.

If sanctions are removed ‘I’d expect Iran to quickly return to the OPEC fold, very much as Iraq has done, increasing supplies as they please in an effort to claw back market share.’
Matt Parry, IEA

Assuming the sanctions are removed, Matt Parry, senior oil analyst at the International Energy Agency, said he expects Iran to “quickly return to the [Organization of the Petroleum Exporting Countries] fold—very much as Iraq has done, increasing supplies as they please in an effort to claw back market share.”

Talks between Iran and six world powers are extended beyond Tuesday’s deadline, but an agreement that would lift sanctions on Iran is expected to be reached eventually.

“Iran will not care much about the recent falls in oil prices,” said Fawad Razaqzada, technical analyst at FOREX.com. “They will try to sell as much of the stuff as possible like all the other OPEC members—for if they don’t, they will lose out.”

Crude-oil prices already are under stiff pressure from other major oil producers, with Monday’s trading highlighting the carnage. Saudi Arabia, OPEC’s largest producer, has made it very clear that it intends to keep production high so it won’t lose market share to non-OPEC producers, including U.S. shale producers. Read: As U.S. cuts, Saudi oil-rig counts hit record highs

“The Saudis are producing well over any quota they ever had, and I expect them to continue to do so even if Iran re-enters the market,” said James Williams, energy economist at WTRG Economics.

OPEC output climbed in June to 31.28 million barrels a day, its highest monthly level since Aug. 2012, according to a Platts survey released Monday. Output from Saudi Arabia edged up to 10.35 million barrels a day, while Iran’s output has been stable at 2.85 million barrels a day.

OPEC-member Iran, meanwhile, has also expressed its willingness and ability to quickly ramp up oil production once sanctions are lifted, adding more oil to already oversupplied global market. Analysts have been debating about just how much oil it is capable of adding and how quickly.

Iran won’t be able to be anywhere “near as big a player as the Saudis,” Razaqzada said. But “the fact of the matter is that Iran will eventually contribute up to 1 million barrels of oil per day more to the already-saturated market. That should help to keep prices under pressure.”

There are also tensions between Iran and Saudi Arabia to consider.

“If sanctions were lifted on Iranian oil, it would just give Iran the ability to fund more of the military operations it is behind today,” said Williams.

“Almost without exception, they are ventures which are at odds with the Saudis,” he said. “Support of Assad [regime in Syria] and [Lebanese] Hezbollah as well as the Houthis in Yemen are two examples.”

Williams said that one of the ways the Saudis can indirectly fight against that would be by “leaving production high and not backing down to accommodate new Iraqi oil.”

The lower oil prices that result will “counter some of the additional income Iraq would have from higher oil sales,” he said. The Saudis will “want to add economic stress to Iran.”

http://www.marketwatch.com/story/steeper-drop-in-oil-on-the-horizon-as-iran-looms-2015-07-07

************

Bluedog:  » July 9th, 2015, 3:04 am     


Union of Forces: the rights of the Sunni component in the National Guard Law stolen
07/09/2015

http://www.faceiraq.com/inews.php?id=3985541
LOOK THIS NATIONAL GUARD IS DONE ....IT HAS BEEN IMO DONE DONE DONE SUNNI HAVE BEEN INFORM HOW IT WILL WORK AS HERE STATE PER STATE

WOW LAWS INSIDE LAWS

WOW JUST HOW THE USA DOES IT .....THESE MILITARY SERVICE MEN AND WOMEN HAVE BEEN TRAINED FOR SOMETIME ....WOMEN NOT SURE.... MEN YES READY
.....BLUEDOG

************

PAPPA-J:  MAY I SUGGEST THAT YOU WATCH VERY CAREFULLY WHAT IS HAPPENING WITH CHINA'S MARKET RIGHT NOW,

THEY HAVE ALREADY SLID DOWNWARD 30% PLUS----

THEIR GOV. CAN BY DECREE ORDER A CLOSURE OF THE MARKET TO STOP TRADING IF THEY NEED TO QUIT BLEEDING

OUR FREE MARKET DOES NOT HAVE THAT EXACT ABILITY, BUT WE DO HAVE IN PLACE THE ABILITY TO HAVE COMPUTER GLITCHES TO SOFT WARE THAT IS INSTALLED LIKE YESTERDAY!!!

NO GLITCH IMO.... MARKET WAS TESTING SAID --- NEW CURRENCY VALUES--- NO NO I MEAN NEW SOFTWARE!!!
CHINA IN OTHER WORDS IS A MODEL FOR WHAT IS TO COME PJ

Hawk006 :I have a question for discussion.What will happen to real estate in the fall if the value of the dollar drops? Thanks for all the valuable insight and opinions!

FA-7:   All of this is IMO... If the dollar drops or.... We go to the UST-Bill with a new value against goods.... IMO some including Real Estate will take some time to adjust to the new value... All IMO..

DINAR IRAQ & DONG VIETNAM UPDATE, 9 JULY

DINAR IRAQ & DONG VIETNAM :Article quote: “…in Parliament on Wednesday, the recovery of the dinar exchange rate against the dollar after the judiciary to overturn the terms of the public finances of the country’s budget, including the decision to cap the sale of foreign currency.” PARLIAMENT CALLING FOR A RECOVERY EXCHANGE RATE…THE CAP ON CURRENCY SALES HAS BEEN RETURNED TO THE CONTROL OF CBI ACCORDING TO REPORTS. THE CALL IS BEING MADE TO OPEN BUDGET AS WELL –SALARIES ETC. RETIREMENT BENEFITS ARE REPORTED TO BE LOADED ON SMART CARDS. SO AS WE HAVE READ MULTIPLE TIMES — CBI IS TO CONTROL THE ECONOMIC TOOLS AND ALSO RELEASE THE VALUE AND INTERNATIONAL RATES ETC — IT IS THEIR JOB…WHOOPOW.
*****
Now that the budget law has been reversed, there is no excuses for Allaq now to do a good job stabilizing the market rate and moving the reforms forward. If I was Allaq, I would want to prove my worth now and make some headlines in the coming weeks taking steps to prepare for currency reform.
*****
Currency Revaluation & Currency Reset Will Occur Due to Many Reasons!
It is evident that the world is ready for a change.
Now we are watching Brazil, Russia, India, China and South Africa create the BRICS Bank to present an alternative solution to the Western-dominated global banking system comprised of the Bretton Woods institutions - the World Bank (WB) and International Monetary Fund (IMF).
The new bank will provide a collective foreign exchange reserve and a fund for financing developmental projects in order to address the needs of emerging and poor economies. This bank will operate on national currencies, rather than using a single currency and will be used in bilateral and multilateral trade deals.
So for those who are holding foreign currencies like the Iraqi Dinar or the Vietnamese Dong, it is going to reset itself. Because the BRICS members say that the current global balance of power is unworkable. These five countries alone make up over 40 percent of the world’s population and account for more than 25 percent of the global GDP.
As for the Iraqi currency (IQD) it has been suppressed by a war financed by these banks to gain access to the country’s resources. It will not stay like this forever, the embargo against Iraq was lifted and soon things will change. By joining the international market starting with the sale of bonds, as its predicted to be publicly announced, the currency will have no choice but to go up in value.
Many articles try to debunk the idea of its revaluation (RV), but there are two things to consider; one is the fact that Iraq's economy would not grow without foreign investors.
Secondly if Iraq tries to deny the value of the Iraqi currency held by foreigners; People will see this as dishonest and will deter them from pursuing business deals with Iraq altogether; which is the opposite of what Iraq is trying to accomplish.
It is worth mentioning also that the Iraqi Dinar is not the only currency which will be revalue. Iraq has to think hard of the many competing countries that will be welcoming business investments opportunities.
As for the Vietnamese Dong currency (VND) it is predicted to go up in value for the reason that Vietnam and Russia signed 17 agreements on November 12, 2013 aimed at boosting political, military and trade ties while increasing cooperation in the energy sector. Also Vietnam has the second-highest level of oil reserves in East Asia.
About 40 percent of Vietnam’s output comes from fields operated by the Vietsov petro joint venture with Russia. China has been investing heavily in Vietnam.
China has been pushing to bypass the US dollar for a while now, and with the creation of the BRICS Bank; this is possibly achievable within a year. In addition, many deliberately suppressed currencies may increase in value as well. The hard metal based assets like gold and silver along with the resources of the country will dictate its currency’s value.

An agreement between Iraq and Kuwait to unify the oil production process fields from the border, 9 JULY

06/07/2015
Detect oil expert Hamza Jeweler, Monday, in an agreement between Iraq and Kuwait to unify the oil production process fields from the border.


The jeweler said in a press statement, "The joint development of the fields will not be through a single party is not a party of Kuwait and then Iraq."
He added that "there is an agreement with Kuwait and unify the production process means that a company that produces the field, and give the parties grass share, whether vertical or diagonal drilling or any other method of production."


The MP for the National Reform Movement, Tawfiq al-Kaabi renewed on Saturday, the accusations of the State of Kuwait of stealing Iraqi oil across the border in a "diagonal drilling", while pointing out that the winning tours licensing companies carried the price of a barrel of oil more than five dollars to cover the cost of accommodation luxury of experts in Dubai, leaving Iraq's vulnerable oil for "looting" of neighboring countries. LINK

EXCERPTS OF ADAM MONTANA & MILLIONDAY, 9 JULY

7-9-15 Adam Montana: We're almost done with Ramadan. It's possible for something big to happen in the next 10 days...But if Ramadan goes like it normally does, things just slow down over there. Negative Nancys like to say "oh nothing ever gets done", but I disagree - a LOT has been accomplished in a very short time over the last 6 months, and I'm optimistic about the situation. I'm looking forward to seeing things pick up pace again... but not in the next 10 days. Give it a week and a half, and then let's see what happens. 

7-9-15 
Millionday: [Has Iraq put in place electronic security to protect themselves...?] 


I SAW TECH ISSUES FOR NEW YORK --- AND IT SEEMS MOST MARKETS ARE IMPACTED BY ONE THING OR ANOTHER TODAY [WEDNESDAY] -- IMO IT WAS EXPECTED ANYWAY AS THEY WATCHED FOR CONFIDENCE IMPACTS DUE TO GREECE AND CHINA ETC -- THEY REPORTED THEY HAVE THE MOST ADVANCED AVAILABLE

[OK. This may get bumpy.] 

IT HAS BEEN PRETTY BUMPY ALREADY -- LOL. 

MY LADIES UPDATE, 9 JULY

MY LADIES:  HI, GOOD MORNING EVERYONE, ARE WE STILL SEAT BELTED IN?   I HOPE SO BECAUSE THIS RIDES IS NOT OVER YET.

YESTERDAY WAS SOME ROLLER COASTER RIDE. DO WE THINK THINGS THAT HAPPENED ARE COINCIDENCE??? NO WE DON’T BUT THEN AGAIN WE DON’T REALLY KNOW EVERYTHING EITHER.

WITH OUT SOUNDING LIKE A SENSATIONALIST OR AN ALARMIST I THINK THINGS ARE LINING UP IN THE HERE AND THE NOW!

WE HAVE TOLD YOU OVER AND OVER AGAIN AND HAVE POSTED DOZENS OF ARTICLES TALKING ABOUT THE CURRENT BANKING SYSTEM AND THE NEED FOR CHANGE.
....
IN THE LAST 48 HOURS WE HAVE SEEN SOME VERY INTERESTING THINGS.

WE HAVE SEEN PRIME MINISTER OF GREECE SHOW UP FOR TALKS WITH A SMILE AND NOTHING ELSE, NO PLAN NOTHING IN WRITING, I THINK HE’S SIMPLY GOING THROUGH THE MOTIONS BUT WE WILL KNOW SOON ENOUGH.  

WE SAW BANKS TALKING TO JOE PUBLIC ABOUT THEIR ‘LIVING WILLS” AND THEIR CRASH LANDING STRATEGIES AND WHAT THEY ARE GOING TO DO DURING A BANKRUPTCY, I SAY OK, MOST OF US HAVE KNOWN ABOUT THIS BUT NOW THEY ARE TRYING TO TEACH THE PUBLIC, WHY? WHY NOW?

I FIND THE TIMING INTERESTING. HERE READ ABOUT THEM IT SEEMS LIKE A FIRE DRILL TO ME

Dick Bove: Living wills no way to run banking industry    
http://www.cnbc.com/id/102816093

 Big U.S. Banks Refile ‘Living Wills’ After Regulatory Rebuke

New bankruptcy plans are response to criticism from Federal Reserve, FDIC http://www.wsj.com/articles/big-u-s-banks-refile-living-wills-after-regulatory-rebuke-1436212747

Banks' living wills show Goldman and Morgan imperiled   
http://www.cnbc.com/id/102812848

U.S. banks post detailed crisis plans to avoid breakup threat   http://www.investing.com/news/economy-news/u.s.-banks-post-detailed-crisis-plans-to-avoid-breakup-threat-349887

MY LADIES: WE HAVE SEEN THE IMF BEING MORE VOCAL ABOUT US FINANCIAL REFORMS AND MUCH TALK ABOUT THE FINANCIAL STABILITY OVERSIGHT COUNSEL.

IMF: US financial reforms remain 'incomplete'  http://www.cnbc.com/id/102813840

MY LADIES: TIMING I’M JUST LOOKING AT THE TIMING ALL OF THIS BEING BROUGHT BACK TO THE FRONT OF THE MINDS OF “JOE PUBLIC” WHY NOW?

WE HAVE FIRE DRILLS AND SOMEONE YELLING FIRE.

TIMING.

OK SO MOVING ALONG IN THE LAST 48 HOURS WE SAW BRICS INSTALL THEIR INTERNAL GOVERNORS AND FINISH THEIR FINAL AGREEMENTS AND THEY ARE GETTING READY INSTALL THE BANKS CAPITAL. THIS IS VERY BIG NEWS TOO.

 BRICS Bank open for business  http://thebricspost.com/brics-bank-open-for-business/#.VZ5bFvnHlbi

MY LADIES: WE SAW THE USA TURN THE TABLES ON THE IRAN TALKS, VERY GOOD MOVE TO APPLY THE PRESSURE. WE KNOW IRAN HAS 42 VLCC’S ON THE WATER ALREADY HEADING TO THE WEST, WE KNOW THEY HAVE INSURED THAT HUGE SHIPMENT AT A VERY HIGH PREMIUM.

SO WHY? WHY DID THEY DO THAT IF THERE WASN’T ALREADY A DEAL IN PLACE?

 NO ONE DOES THAT AND INSURANCE COMPANIES DON’T DO THAT EITHER. SO WE ARE LOOKING AT TIMING.

The US has a new Iran strategy—put your feet up and stay awhile   http://qz.com/447668/a-new-us-strategy-with-iran-put-your-feet-up-and-stay-awhile/

http://www.wsj.com/articles/iran-nuclear-talks-may-continue-for-next-couple-of-days-1436271631

 Iran’s Giant Super-Tanker Fleet Eyes Western Waters…Iranian shipping company NITC says its in talks with U.K. marine insurers     http://www.wsj.com/articles/irans-giant-super-tanker-fleet-eyes-western-waters-1435838470

MY LADIES:  LET’S LOOK AT CHINA THAT IS A CRASH IN THE MAKING AND EVERYTHING THEY ARE TRYING TO DO TO STOP THE BLEEDING ARE ONLY BAND AIDS.

IT IS NOT WORKING. WE WATCHED CHINA LOSE 1 BILLION DOLLARS A MIN. YESTERDAY, AND THAT WAS AFTER ALL THE SAFETY PROCEDURES WERE IN PLACE!

THE FALL OUT WITH GREECE, WELL RIGHT THERE ARE 17 TRILLION PROBLEMS COMING OUR WAY.

YESTERDAY THE NYSE HAS A “GLITCH” UMM HUMM A 3 HOUR GLITCH THAT ALSO WIPED OUT ALL TRADE ORDERS, REALLY??? I MEAN REALLY???

WE READ AND STUDY MARTIN ARMSTRONG, HE IS ONE SMART COOKIE RIGHT?

WHAT IS HE SAYING? WHAT DOES HIS ECONOMIC CONFIDENCE MODEL TALK ABOUT FOR OCTOBER? WELL OCTOBER IS THE BOTTOM OF THE MODEL SO WHERE IS THE TOP??

YOU ALL UNDERSTAND THAT WHEN BANKS AND MARKETS FAIL IT IS A PROCESS THAT HAPPENS OVER THE COURSE OF MONTHS RIGHT?

BY THE TIME WE HEAR ABOUT IT THE FAILURE SEEMS LIKE IT JUST HAPPENED IN THE BLINK OF AN EYE. THAT IS NOT THE CASE.

WE HAVE BEEN IN A FAILING BREAKING BANKING SYSTEM FOR A VERY LONG TIME.


I THINK WE ARE NOW IN THE MIDDLE OF THE SYSTEM CORRECTING.


 I THINK THIS IS A VERY CONTROLLED SITUATION AND I THINK IT IS MEANT TO BE ALMOST SEAMLESS. NOW WHAT I MEAN BY THAT IS THAT WHILE THINGS ARE BREAKING AND BURSTING ALL FALLING TO HELL IN A HAND BASKET THEY WILL BE COMING UP THE OTHER SIDE IN THE NEW SYSTEM.

MARKETS WILL BE CORRECTING, SOME WILL BE COLLAPSING AND SOME WILL BE EMERGING, AND I THINK THIS IS WHAT WE ARE SEEING.

GREECE IS COLLAPSING ONLY TO BE EMERGING, IT IS GOING TO CAUSE THE EURO TO SLIDE TO ITS DEATH BUT MANY COUNTRIES WILL EMERGE OK ON THE OTHER SIDE.

IRAN WILL BE EMERGING AGAIN AND IT WILL CAUSE DISRUPTION IN THE MIDDLE EAST MARKETS BUT I THINK IT WILL ALSO CAUSE SAUDI MARKETS TO RETREAT AND IRAQ TO EMERGE AND BEGIN TO TRADE GLOBALLY.

CHINA WILL SLIDE AND CRASH AND THEIR BUBBLE WILL BURST TOO BUT ON THE OTHER SIDE OF IT THEY WILL COME TO THE SDR AS ONE OF 5 RESERVE CURRENCIES.

FOR EVERY ACTION THERE IS A REACTION AND I THINK WE ARE ABOUT TO SEE MANY NEW THINGS.

HOW LONG WILL IT TAKE???

WELL HERE IS WHERE MY CRYSTAL BALL GETS FUZZY BUT IF WE ARE FOLLOWING THE CONFIDENCE MODEL AND ALL THE OTHER SIGNALS FOR THE LAST QUARTER AND IF WE ARE IN THE MIDDLE OF CHANGE

NOW WELL I WILL GO OUT ON A LIMB AND SAY SOMEWHERE BETWEEN RIGHT NOW AND OCTOBER WE WILL START TO SEE ALL THE EVIDENCE OF THE NEW SYSTEM AND THE CHANGE.  


MY LADIES: OK SO HERE IS SOMETHING FOR ALL OF YOU PLEASE GET YOURSELF FAMILIAR WITH MARTIN ARMSTRONG IF YOU ALREADY HAVEN’T BECAUSE WE TALK ABOUT HIM ALMOST DAILY AND I WANT TO BE SURE YOU UNDERSTAND AND ARE NOT JUST FOLLOWING ALONG.
http://www.armstrongeconomics.com/armstrong_economics_blog

MY LADIES: AND HERE IS ANOTHER ONE GET FAMILIAR WITH, NOVA THREW THIS UP YESTERDAY SO WE WILL FOLLOW ALONG HERE AS WELLhttp://www.sovereignman.com/investing/chinas-stock-market-is-the-biggest-bubble-in-history-17230/?inf_contact_key=3c0f6c35030de6a7d5f524a500fdf8f37a5513ebafb85e75d3dd320bd5bda017

MY LADIES: HERE LOOK ALL THAT HAPPENED OVER NIGHT.

China’s Efforts Fail to Contain Market Plungehttp://www.nytimes.com/2015/07/09/business/international/stock-sell-off-unabated-in-china.html

[7:08:11 AM] Princess DD: Ground zero': China's stock market crash up close in Shanghaihttp://www.cnn.com/2015/07/09/asia/china-stock-market-ground-zero/index.html

[7:08:47 AM] Princess DD: China bounce ends five-day losing streak for stockshttp://www.reuters.com/article/2015/07/09/us-markets-global-idUSKCN0PJ00W20150709

[7:10:16 AM] Princess DD: Exclusive: Greek banks face closures, bailout or not – sourceshttp://www.reuters.com/article/2015/07/08/us-eurozone-greece-bankclosures-idUSKCN0PI2KI20150708

[7:11:21 AM] Princess DD: Rise in Chinese equities underpin Asia's reboundhttp://www.cnbc.com/id/102819750

[7:11:38 AM] Princess DD: Was all of this enough to crash the old system or is there more to come Mary?

[7:13:16 AM] Princess DDGreece news live: EU bows to Washington pressure for Greek debt relief after Draghi says Grexit 'hard to prevent'

Tsipras given a midnight deadline to deliver full proposal, as French technocrats drafted in to help draft deal    http://www.telegraph.co.uk/finance/economics/11728175/Greece-news-live-EU-bows-to-Washington-pressure-for-Greek-debt-relief-after-Draghi-says-Grexit-hard-to-prevent.html

 [7:37:43 AM] Princess DD: China's stock market is crashing, and the Chinese are trying to do the exact same thing America did in 1929   https://finance.yahoo.com/news/chinas-stock-market-crashing-chinese-095900183.html

[8:01:33 AM] IQD NOVA: I AGREE, AND THEY WILL NOT BE ABLE TO HOLD IT UP!!!

[8:02:44 AM ] IQD NOVA: PEOPLE REALLY NEED TO UNDERSTAND WHAT MADE THE MARKET RUN AND WHAT HAPPENED LAST MONTH THAT IS BRINGING IT DOWN BUT IS REALLY THE WAY OUT FOR CHINA!!!!!!

[8:27:31 AM] MY LADIES: TOO MUCH TOO FAST IS WHAT DID IT. THEY OPENED TO THE WORLD AND EVERYONE RAN PELL NELL AND BOUGHT INTO THE MARKET. LITTLE PEOPLE AND MAJOR CORPORATIONS ALIKE,

HERE IS A BETTER EXPLANATION     http://www.bloomberg.com/news/articles/2015-07-08/china-bans-stock-sales-by-major-shareholders-for-six-months

MY LADIES: AND THEN THERE WAS ALL THE WOULD BE INVESTORS THAT LOST ALL THEIR MONEY PLAYING A GAME THEY DID NOT KNOW THE RULES TO.

The Financial Times, among others, has reported that two-thirds Chinese retail stock market clients who have opened new accounts this year did not even graduate from high-school.

Surveys indicate one quarter of new investors have already lost at least 50% of their money.

Nearly half a trillion dollars (about one third of China’s annual econmic output) has been wiped off the value of Chinese stocks in the past two weeks.

And it’s probably going to get worse.  http://www.sovereignman.com/investing/chinas-stock-market-is-the-biggest-bubble-in-history-17230/?inf_contact_key=3c0f6c35030de6a7d5f524a500fdf8f37a5513ebafb85e75d3dd320bd5bda017
MY LADIES: ALL OF THIS CAUSED THE PROBLEM WE ARE SEEING NOW.
8:28:08 AM] Princess DD: Could these be the derivative bubbles bursting that we have been expecting or a prelude?

[8:34:16 AM] MY LADIES: OK HERE I WANT YOU ALL TO WATCH SOMETHING, I DO NOT KNOW THIS GUYS POSITION ON EVERYTHING BUT HE EXPLAINS THIS PART PRETTY GOOD, HERE ARE 2 VIDEOS.... THEY ARE SHORT WATCH THEM.

PRETTY SMART COOKIE AND I DON’T SEE A HIDDEN AGENDA YET

Expect The Dollar To Fall And Commodities To Rise 
https://www.youtube.com/watch?v=IMxj4jzEjfI
CRITICAL: Major Global De leveraging Occurring NOW! NYSE Trading HALTED. 
https://www.youtube.com/watch?v=qMVbO7Uj1AE&feature=youtu.be

IKO WARD TIDBIT, 9 JULY

Iko Ward : CURRENT CONDITIONS 3:24 AM ET 07.09.2015

Asia UP, Europe UP, US Futures UP, ISX UP, Forex Basket UP. IKO UP. 

4:38 AM....Asia UP more, Europe UP more, US Futures UP more, ISX Holding Steady, Dong just moved 475 points. Going back to bed.

10:20 AM...All good except Brazil (which is never good). Forex still active and basket moving. Can't ask for much more than this

BACKDOC UPDATE : CONTRACTS TRADE AND CURRENCIES, 9 JULY

CONTRACTS TRADE AND CURRENCIES


THANKS TO THUNDERHAWK AND PAPAJ FOR DISCUSSIONS AND PICS!

AS I STATED IN "RIDE THE PAINTED PONY," CHINA IS IN A PROCESS OF LOWERING ITS STOCK MARKET PRICES SO THAT THE YUAN CAN INCREASE IN VALUE.

CURRENTLY, CHINA HAS HALTED TRADING ON 1300 COMPANIES WHICH IS 43% OF THEIR MARKET. HOPEFULLY THEY WILL FIND A STABILIZATION POINT SOON!
~~~
Picture
THIS IS WHY I WAS COINING THE PHRASE OF CREATING THE NEW "GLOBAL REALITY VALUE"!! ONCE CHINAS' MARKETS CAPITULATE OR FIND ITS "GLOBAL REALITY VALUE", THE YUAN WILL RISE INVERSELY TO THEIR STOCK MARKETS!

THIS WILL ALLOW THE NEW "GLOBAL REALITY VALUE" TO BE ESTABLISHED!

ARE THE U.S. MARKETS STARTING TO BE AFFECTED BY GLITCHES OR CHANGES COMING RELATED TO THE NEW ASSET BACKED SYSTEM ? NYSE HAD TROUBLE TODAY! MMMM

REALIZE THAT ALL COUNTRIES WILL HAVE ASSETS ABOVE AND BELOW GROUND TO HELP VALIDATE ITS CURRENCY VALUES,


BUT TRADE CONTRACTS WILL ALSO HELP DETERMINE THE NEW "GLOBAL REALITY VALUE" TO COUNTRIES CURRENCIES!

LATE LAST NIGHT WE SEE ALL SECRET NEGOTIATIONS ARE NOW COMPLETE BETWEEN THE U.S. AND VIETNAM, PER OUR PRESIDENT!
Picture
HE SAID THAT THIS AGREEMENT WILL BRING SECURITY TO THE U.S. WHY?

80% OF THE CONTRACTS IN VIETNAM WILL BE SETTLED IN DOLLARS! WOW! NOW THATS SECURITY FOR THE DOLLAR.

VIETNAM WINS TOO BECAUSE PRICING ON THOSE CONTRACTS HELP PAY FOR A STANDARD OF LIVING FOR ITS' PEOPLE AS WELL!


THIS WILL BE A MAJOR TRADE PARTNERSHIP BETWEEN THE TWO COUNTRIES!

OBAMA ALSO SAID THAT VIETNAM IS MOVING FROM ITS PAST HISTORY INTO A NEW ERA! IN MY OPINION THAT MEANS THEY WILL STAND ON THEIR OWN WITH A CURRENCY OF THEIR OWN AND WILL BE LOOKED AT AS AN EQUAL PIER A P GLOBAL PARTNER! MMMMMM

WHOEVER CONTROLS TRADE CONTRACTS, CONTROLS CURRENCIES AND VALUE!

WELCOME TO THE NEW NORMAL!
Picture
WATCH WHAT HAPPENS WHEN THE WORLD FINALLY LEARNS THAT NEGOTIATIONS ARE DONE WITH GREECE AND IRAN. ISN'T IT FUNNY THAT THEY BOTH KEEP GETTING EXTENDED TOGETHER? MMMM

REALIZE WHEN 700 MILLION BARRELS OF OIL PER DAY (BASED ON ANALYSTS), START TO HIT WORLD MARKETS.

IT WILL BE LIKE A BOMB TICKING AND READY TO BLOW IN JUST A FEW WEEKS AS BLACK GOLD, (THE UNIVERSAL CURRENCY), BEGINS TO SATURATE MARKETS WORLDWIDE!

A NEW GLOBAL LANDSCAPE WILL DEVELOP FOR BLACK GOLD!

THE SAME WILL BE TRUE FOR OTHER INDUSTRIES IN ALL COUNTRIES! CAN I QUIT NOW? SLAP! NO! GET BACK TO WORK DOC, FOCUS! OK, SORRY!
Picture
FROM WHAT I HEAR THE U.S. CAR MARKET IS GOING TO GET HURT HERE AS WELL AS COAL AS I MENTIONED EARLIER. WHAT WILL IT BE IN CHINA, RUSSIA, UK?


MMMM EVERYONE WILL LOSE AND GAIN SOMETHING!

SOON THE WORLD WILL BEGIN TO RESHAPE ITS' SELF BASED ON THESE NEW TRADING AGREEMENTS AND CONTRACTS! WHEN MIGHT THAT START? MMMMM

OCTOBER IS THE NEW FISCAL YEAR, IS IT NOT? MMMMM

I MIGHT BE DING DONG DOC BUT IT SEEMS THAT YOU WOULD WANT TO HAVE MONEY IN THE "ASSET BACKED BANK" BEFORE YOU PAY BILLS WITH THE NEW SYSTEM, IF YOU CATCH MY PROVERBIAL DRIFT! LOL


8@8, DOC



Timeline of China's attempts to prevent stock market meltdown
SHANGHAI

The Chinese government has taken a series of steps since late June to stave off a crash in its stock markets, which plunged nearly 30 percent over the previous three weeks since touching a peak on June 12, hit by tight liquidity conditions ahead of the quarter-end and uncertainty over the central bank's easing policy.

** June 27 (Saturday) - China's central bank cuts guidance lending rates and trims the amount of cash that some banks must hold as reserves, in a move widely interpreted as mainly a step to support the slumping stock market.

** June 29 - Markets continue to crash. The state-backed provider of margin financing, China Securities Finance Corp, publicly says that the risk of margin trading is controllable and margin calls are relatively small.

Later in the day, China says it will allow pension funds managed by local governments to invest in the stock market for the first time, potentially channeling more than 1 trillion yuan ($161 billion) into the equity market.

The China Securities Regulatory Commission (CSRC) issues a statement, attacking pessimists for "talking down" the Chinese market and economy, urging investors to remain calm.

Rumors swirl about pending policy interventions, including a freeze on IPOs, official instructions to institutional investors not to sell shares, and the implementation of a stamp tax on share sales to dissuade selloffs. None are confirmed although some companies announce share purchasing plans. The securities regulatory continues to approve IPOs.

Benchmark indexes shrug off the monetary easing to end down over 3 percent after a day of see-saw trade, leading domestic media to call it "Black Monday". The Shanghai Composite Index closes down 3.3 percent.

** June 30 - Rumors spread that some overseas and domestic institutions had deliberately sold short to damage the market.

China's Financial Futures Exchange denies rumors that foreign investors, including Goldman Sachs, have been shorting Chinese stocks using index futures.

Primary indexes post a sharp recovery in afternoon trade to end up over 6 percent, the CSI300 index's best single-day gain since 2009. SSEC closes down 5.5 percent.

** July 1 - Stocks tumble again, surrendering much of the previous day's sharp gains to end down around 5 percent. After markets close, the Shanghai and Shenzhen stock exchanges announce plans to lower securities transaction fees by 30 percent from August.

Key indexes plunge again, surrendering much of the previous gains. SSEC closes down 5.2 percent.

** July 2 - The CSRC announces relaxation of rules on margin trading before market open, lowering threshold for individual investors to trade on margins and expanding brokerages' funding channels.

The CSRC announces setting up a team to look into illegal manipulation and investigate cases if needed.

Key indexes end down sharply. SSEC down 3.5 percent.

** July 3 - China Financial Futures Exchange (CFFEX) suspends 19 accounts from short-selling for one month, sources with direct knowledge tell Reuters.
Benchmark indexes slump again despite the regulator's efforts to stop the slide. SSEC loses 5.8 percent.

* July 4 (Saturday) - China's top 21 securities brokerages pledge to invest at least 120 billion yuan ($19.33 billion) collectively to help stabilize the country's stock markets.

Twenty-eight Chinese companies planning to list on the country's stock exchanges say they would suspend their initial public offering plans.

** July 5 (Sunday) - China state-owned investment company Central Huijin Investment Ltd says it has recently purchased exchange-traded funds (ETFs) to support the market and will continue to do so.

The CSRC announces that People's Bank of China (PBOC) will inject liquidity directly to the state-backed margin finance company to stabilize the tumbling stock market.

** July 6 - Main stock indexes open up more than 7 percent on the rescue measures, but give back most gains during the day to close up 2.4 percent. Companies continue to rush to halt trading in shares.

** July 8 - Chinese regulators come out with another series of support statements and measures, most of them in the morning before market open, in particular raising margin requirements for short positions taken against the small-cap CSI500 Index, and making it easier for insurers to buy blue chips. The CSRC warns of "panic" and "irrational selling" in the market.

At this point more than 40 percent of listed companies have successfully requested trading halts.

SSEC closes down 6.75 pct.

posting.php?mode=reply&f=3&t=13745#preview



CONTRACTS TRADE AND CURRENCIES    Part 2 OF 2


VIDEO: China stock market freezing up as sell-off gathers pace


China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment" gripping investors.

Beijing, which has struggled for more than a week to bend the market to its will, unveiled yet another battery of measures to arrest the sell-off, and the People's Bank of China said it would step up support to brokerages enlisted to prop up shares.

The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen closed down 6.8 percent, while the Shanghai Composite Index .SSEC dropped 5.9 percent.

~~~
Picture
With nearly half the market on a trading halt and another round of margin calls forcing leveraged investors to dump whatever shares could find a buyer, blue chips that had been supported by stabilization funds earlier in the week bore the brunt.

"I've never seen this kind of slump before. I don't think anyone has. Liquidity is totally depleted," said Du Changchun, an analyst at Northeast Securities.

"Originally, many wanted to hold blue chips. But since so many small caps are suspended from trading, the only way to reduce risk exposure is to sell blue chips."

More than 30 percent has been knocked off the value of Chinese shares since mid-June, and for some global investors the fear that China's market turmoil will destabilize the real economy is now a bigger risk than the crisis in Greece.

"Also, the ripple effect from the market correction has yet to show up," wrote Bank of America Merrill Lynch analysts in a note. "We expect slower growth, poorer corporate earnings, and a higher risk of a financial crisis."

Commodities markets reflected growing concerns about the broader health of the world's second largest economy, with copper prices falling to a six-year low, Shanghai nickel futures sliding by their 5 percent daily limit, and oil falling toward $56 a barrel, near a three month-low.

TRADING HALTS

More than 500 China-listed firms announced trading halts on the Shanghai and Shenzhen exchanges on Wednesday, taking total suspensions to about 1,300 - 45 percent of the market or roughly $2.4 trillion worth of stock - as companies scuttled to sit out the carnage.

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With so many small-cap companies sheltering on the sidelines, the ChiNext growth board .CHINEXTC, which has seen some of the biggest swings in valuations, fell a modest 0.8 percent.

The plunge in China's previously booming stock markets, which had more than doubled in the year to mid-June, is a major headache for President Xi Jinping and China's top leaders, who are already grappling with slowing growth.

Beijing's interventionist response has also raised questions about its ability to enact the market liberalization steps that are a centerpiece of its economic reform agenda.

China has orchestrated brokerages and fund managers to promise to buy billions of dollars' worth of stocks, helped by a state-backed margin finance company which the central bank pledged on Wednesday to provide sufficient liquidity.

The securities regulator said the Securities Finance Corp had provided 260 billion yuan ($41.8 billion) to 21 brokerages, though that sum is only 40 percent of the amount of leveraged positions that investors have cut since June 18.

RETAIL INVESTORS

Unlike other major stock markets, which are dominated by professional money managers, retail investors account for around 85 percent of China trade, which exacerbates volatility.

"It's uncommon to see so many shares posting consecutive daily limit falls, and the index futures swinging so wildly," said Wang Feng, CEO and founder of hedge fund firm Alpha Squared Capital Co and a former Wall Street trader.

"It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."

A surprise interest-rate cut by the central bank at the end of June, relaxations in margin trading and other "stability measures" have done little to calm investors.

The barrage of official commentary and new support measures continued throughout Wednesday's trading session, without visible effect.

Deng Ge, a spokesman for the China Securities Regulatory Commission, said in remarks posted on its official channel on Weibo, China's version of Twitter, that there had been a big increase in "irrational selling" of stocks.

Government agencies also announced that insurers would be allowed to by more blue chips and urged major shareholders and top executives to buy their own shares.

But the market sell-off has extended beyond the mainland, with Chinese stocks on U.S. exchanges falling as much as 6.1 percent on Tuesday, according to the Bank of New York Mellon index of such securities .BKCN.

Hong Kong's Hang Seng Index .HSI fell 5.8 percent, with shares of Chinese brokerages taking a heavy beating.

"Investors are extremely unimpressed with their sudden conscription into national service, and you can see that in their share prices," said Matthew Smith, a strategist who covers the China financials sector for Macquarie.

http://www.reuters.com/article/2015/07/08/us-china-stocks-idUSKCN0PI04Q20150708


China contagion poses risk to HKEx growth strategy
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As contagion from China's stock market rout spreads to Hong Kong, the local bourse's long-touted strategy to help China liberalize its markets is looking increasingly like a double-edged sword.

Chinese stocks dived again on Wednesday, despite a series of interventions by Beijing to try to prop up the mainland markets, which have lost more than 30 percent in value since mid-June.

Initially resilient, Hong Kong's Hang Seng index .HSI has also taken a beating, tumbling around 16 percent from its peak in April and wiping out all its gains for the year.

Hong Kong Exchanges & Clearing's (0388.HK) own share price has fallen around 34 percent since it peaked in late May.

HKEx, which holds a monopoly in stock trading in the city, enjoys a special status as China's preferred partner to help open up its capital markets - a position long considered a unique advantage.

But the dramatic reversal in HKEx's fortunes after a record-breaking rally earlier this year fueled by the launch of a landmark "Stock Connect" trading link with Shanghai, suggests HKEx's exposure to China's reform agenda has its downside.

“The stock exchange has benefited immensely from the many connect schemes that have taken place over the last year.

Now they find themselves at the center of this sell-off primarily because of concern of a sharp drop in volumes and the likelihood of further China market reform schemes being put on ice," said one investor in HKEx stock.

This week, Goldman Sachs and Mizuho Securities downgraded the stock, citing an expected slide in trading volumes. Turnover in Hong Kong, a key determinant of revenues, has declined from the peaks of nearly HK$300 billion ($39 billion) per day when Stock Connect trading exploded in April to nearer HK$200 billion as of Tuesday.

"The volumes overshot, and expectations overshot, and now they are coming down to earth,” said James Antos, an analyst at Mizuho.

HKEx said the opening up of China's capital markets still represented Hong Kong's "biggest opportunity".

"Our vision is to become the leading international exchange for China and a leading exchange for international investors. We are leveraging our China connectivity to become a truly global marketplace," it said in a statement.

HKEx management has talked up a series of other China-related projects, including a Shenzhen Connect, bond connect, commodities connect, and related futures products.

These projects now look very uncertain as the mainland rout puts the brakes on Beijing's reform agenda, with many market insiders speculating the planned autumn launch of Shenzhen Connect may be delayed until next year.

Jonathan Ha, chief executive of Red Pulse, a Shanghai-based markets research firm, said bringing Shenzhen online could potentially lift mainland stocks, but added: "It would also bring the potential of a very public disappointment if there is little to no demand. That, on balance, does not seem worth the risk."

http://www.reuters.com/article/2015/07/08/us-china-stocks-hkex-idUSKCN0PI16020150708
U.S. Stocks Tumble as China Equities Rout Spurs Growth Concern

The Standard & Poor’s 500 Index fell to a four-month low amid concern that China’s equities rout will hurt growth in the world’s second-largest economy, and Federal Reserve minutes indicated officials acknowledged the potential risks from overseas crises.

Raw-materials, banks and semiconductor shares were among the worst performers. Alcoa Inc. slid 5.1 percent during regular trading before reporting results. Bank of America Corp. and Citigroup Inc. sank more than 2.6 percent. Apple Inc. and Yahoo! Inc. slumped at least 2.4 percent while Intel Corp. declined 1.3 percent.

The S&P 500 fell 1.7 percent to 2,046.68 at 4 p.m. in New York, its lowest close since March 11. The Dow Jones Industrial Average lost 261.49 points, or 1.5 percent, to 17,515.42, a five-month low. The Nasdaq Composite Index declined 1.8 percent. About 7.3 billion shares traded hands on U.S. exchanges Wednesday, 14 percent above the three-month average.

“All the attention is on China and Greece right now,” said Ninh Chung, who helps manage $20 billion for corporate accounts at Silicon Valley Bank in San Francisco. “The bigger focus will be China. As we see markets decline I think there will potentially be spillover effects into other markets, just given how large the Chinese economy is.”

The New York Stock Exchange halted trading for 3 1/2 hours because of a computer malfunction, forcing traders to route orders elsewhere. The suspension, lasting from 11:32 a.m. to just after 3 p.m., dropped the largest U.S. share platform out of the network of trading systems that make up the American equity market.

Members of the Federal Open Market Committee “mentioned their uncertainty about whether Greece and its official creditors would reach an agreement and about the likely pace of economic growth abroad, particularly China and other emerging market economies,” according minutes of June 16-17 meeting.

Fed Minutes

All members but one “indicated that they would need to see more evidence that economic growth was sufficiently strong” before raising interest rates. Fed officials in June forecast they would raise rates twice this year, while lowering their outlook for subsequent increases. 

Since then, global markets have been shaken by the rising risk of a Greek exit from the euro and a rout in Chinese stocks.

China’s market plunge has raised concerns about a broader impact on global economic growth. The country has unveiled new market-boosting measures almost every night over the past 10 days as policy makers seek to maintain confidence in the nation’s leadership and prevent a crash from weighing on economic expansion.


President Xi Jinping’s government is ramping up efforts to combat the rout as policy makers seek to maintain confidence in the nation’s leadership and prevent a crash from weighing on the weakest economic expansion since 1990.

China, Greece

Meanwhile, Greece is working against the clock on a package of proposed reforms to convince European leaders headed by German Chancellor Angela Merkel that it can keep the euro. The country has until midnight Thursday in Brussels to present measures to reform its economy and cut spending in exchange for a new European bailout.

Greece’s financial crisis and now China’s equity market slide have diverted attention from U.S. economic data and the path of the Fed’s monetary policy. The S&P 500 is down 4 percent since its May record.

“The convergence of China as well as Greece is putting risk takers on their heels,” said Chad Morganlander, a money manager in Florham Park, New Jersey for Stifel Nicolaus & Co., which oversees about $170 billion.

Earnings Season

Earnings will also bring investors more data to consider. After the market closed, Alcoa, the largest U.S. aluminum producer, reported second-quarter earnings that missed analysts’ estimates after aluminum prices fell amid surging exports from China. 

Shares rose 0.5 percent in after-hours trading as of 4:59 p.m.

Results from Johnson & Johnson, JPMorgan Chase & Co. and Intel Corp. are all due next week. Profit at S&P 500 companies contracted 6.5 percent in the second quarter, analysts’ estimates compiled by Bloomberg show.

“I think what’s really important for earnings season is not so much what happened in the second quarter, but what the guidance looks like,” said John Canally, chief economy strategist at LPL Financial Corp. in Boston. “Is there impact from disruptions in China? Is there impact from the European economy? We’re going to be watching those two things really closely.”

GM, Chipmakers

The Chicago Board Options Exchange Volatility Index added 22 percent to 19.66, its highest since January. The gauge, known as the VIX, rose 20 percent last week, the most in five months.

All of the S&P 500’s main groups declined, with nine of the industries down more than 1 percent. Phone companies, consumer discretionary, raw-materials and energy all dropped at least 1.8 percent.

Alcoa posted its worst slide since March to lead declines in materials shares before unofficially kicking off the earnings season. Miner Freeport-McMoRan Inc. lost 4.4 percent, falling more than 3 percent for a third day, to a six-year low.

General Motors Co. fell 5.1 percent to its lowest this year, while Ford Motor Co. lost 3.2 percent, also to a 2015 low. Auto-parts maker Delphi Automotive Plc slumped 6.9 percent, its biggest drop in more than three years.


Semiconductors extended their losing streak to a third day, with Qorvo Inc. and Skyworks Solutions Inc. down at least 4.8 percent to pace declines. The Philadelphia Stock Exchange Semiconductor Index fell 2.6 percent, down 12 percent from a June peak.

United Continental Holdings Inc. lost 2.7 percent after a router malfunction caused a computer fault that disrupted travel for thousands of the airline’s fliers. The Dow Jones Transportation Average fell 2.2 percent, the most since Jan. 30, to its lowest since October.


China Exposure

Energy shares in the S&P 500 dropped with oil as crude fell on speculation a supply glut will linger at the same time investors shun risky assets amid the Greek crisis and Chinese stock selloff. Chevron Corp. decreased 1.8 percent, while Transocean Ltd. and Phillips 66 declined at least 3.6 percent.

Wynn Resorts Ltd. fell 6.5 percent, and Yum Brands Inc. lost 3.1 percent to a two-month low. Both companies derived more than 50 percent of their revenue from China during fiscal 2014, according to data compiled by Bloomberg.

The iShares China Large-Cap exchange-traded fund, which tracks the FTSE China 50 Index, sank 7.2 percent to its lowest since November, and its biggest drop in since Jan. 2009.

http://www.bloomberg.com/news/articles/2015-07-08/u-s-index-futures-tumble-with-asian-equities-as-miners-decline