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Tuesday, July 21, 2015

DAVE SCHMIDT UPDATE, 21 JULY


TNT:Huge Exchange Rate Variations in VND, 21 JULY

MY LADIES CHAT UPDATE, 21 JULY

Sager:   Money is a-movin':

Chinese firms bag 1401 contracts worth $37.6bn along Silk Road in H1 2015

Chinese companies have signed 1,401 project contracts worth $37.6 billion in countries along its Silk Road initiative in the first half of this year, nearly half of combined overseas contract value, according to official data released on Tuesday.

 Under the so-called “One Belt, One Road” initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence.
....
Russia has already promised to link its new Eurasia Economic Union with China’s Belt and Road.

 The 4,000-mile road linked ancient Chinese, Indian, Babylonian, Arabic, Greek and Roman civilizations.

HERE WE GO - LOVE READING THIS:

A new map unveiled by Xinhua shows the Chinese plans for the Silk Road run through Central China to the northern Xinjiang from where it travels through Central Asia entering Kazakhstan and onto Iraq, Iran, Syria and then Istanbul in Turkey from where it runs across Europe cutting across Germany, Netherlands and Italy.
Picture
 The “Silk Road Economic Belt Cities Cooperation and Development Forum” will be held from July 23 to 25 in the regional capital of Urumqi.

More: http://thebricspost.com/chinese-firms-bag-1401-contracts-worth-37-6bn-along-silk-road-in-h1-2015/#.Va54vaNzb5g

MY LADIES [11:56 AM] - SAGER -: <<< Money is a-movin':

HAHAHAHA...YES SAGER IT IS...AND LOOK AT THE SIZE OF THAT MAP!

WE TRIED TO SAY IT AGAIN LAST NIGHT ON THE CALL...WE TRIED TO TELL YOU TAKE THE EMOTION OUT OF THIS. LEAVE THE POLITICS TO THE POLITICIANS, LET THE CHICKEN LITTLES RUN AROUND SCREECHING THE SKY IS FALLING BECAUSE IN THE END MONEY WILL DO EXACTLY AS IT PLEASES.

THE IRAN DEAL HAS THIS COUNTRY DIVIDED, IT HAS EMOTIONAL PEOPLE PLAYING INTO THE DRAMA SET FORTH FROM POLITICIANS WHO HAVE DESIGNS TO FURTHER THEIR AGENDA AT THE EXPENSE OF THE SPACE THEY RENT IN YOUR HEAD!

IRAN SUCKS...IRAN CAN NOT BE TRUSTED. IRAN IS SPAWN OF SATAN...OK OK LET'S GO WITH THAT...NOW WHAT??? DOES MONEY CARE??? NO THEY DO NOT!

EVERYONE READING THIS RIGHT NOW HAS DINAR IN THEIR POSSESSION.

WELL MORALLY GUESS WHAT??

WE ALL SUCK. WE ARE ALL GOING TO MAKE PROFIT FROM THE GATES OF HELL. SO I SUGGEST WE ALL GET THE HELL DOWN FROM OUR MORAL SOAP BOX AND DROP THE EMOTION AND THE DRAMA AND FOLLOW THE MONEY.

99.9 PERCENT OF THE GLOBE IS DOING JUST THAT. THERE ARE DEALS EVERYWHERE COMING FROM THIS FREEDOM OF MONEY IRAN IS ABOUT HAVE.

THE ENTIRE EURASIA MOVEMENT IS POSSIBLE BECAUSE OF IRAN’S ABILITY TO TRADE AGAIN.

THESE ARE EXCITING TIMES FOR ALL OF US FOR 2 REASONS

THE FIRST IS WE ARE A PART OF HISTORY BEING WRITTEN.

THIS SILK ROAD IS THE NEW SYSTEM.

AND THE SECOND REASON IS WE ARE GOING TO BENEFIT FROM IT WHEN THE SATAN GIVEN DINAR STARTS TO TRADE AGAIN.

YOU CAN MAKE EVERY EXCUSE IN YOUR HEAD FOR WHY YOU HAVE DINAR AND WHAT GOOD YOU ARE GOING TO DO WITH IT.

GREAT THAT IS WONDERFUL I COMMEND YOU.

YOU CAN TRICK YOURSELF AND SAY THE PEOPLE OF IRAQ NEED THIS. THE PEOPLE OF IRAQ COULD CARE LESS I ASSURE YOU!

THEY NEVER EVER EVER HAD FREE TRADE AND THEIR CURRENCY MEANT NOTHING TO THEM IN THE MONETARY SENSE. THEY WERE TAKEN CARE OF BY SADDAM AND ALL OF THOSE BEFORE SADDAM SO THIS IS NO BIG DEAL FOR THEM.

JUST ASK ANY IRAQI THEY WILL TELL YOU. THE AVERAGE IRAQI WORKS 36 HOURS A YEAR, YEA A YEAR IF THEY ARE NOT IN GOVERNMENT OFFICE AND THEY ARE TAKEN CARE OF STILL TODAY.

AND JUST SO YOU ARE AWARE OF HOW THINGS WORK IN ECONOMICS WHEN THE DINAR DOES TRADE ANY REPRICE OUTSIDE THE 2% WILL BE VERY PAINFUL FOR IRAQI CITIZENS. THE STRONGER THE DINAR TRADES AGAINST THE DOLLAR THE WORSE IT WILL BE FOR THE IRAQI LIVING INSIDE IRAQ.

BUT YOU ARE NOT TO WORRY BECAUSE EVERYONE OUTSIDE OF IRAQ WILL BE BENEFITING JUST FINE. AFTER ABOUT 2 YEARS THE IRAQI LIVING IN IRAQ WILL GO BACK TO A NEW STATE OF NORMAL THAT WILL LOOK JUST LIKE WHAT THEY HAVE NOW.

I AM NOT DELIBERATELY TRYING TO HURT ANYONE’S FEELINGS I AM JUST SICK AND TIRED OF THE MORAL HIGH GROUND SOME FOLKS LIKE TO TAKE. GET EDUCATED!!

LEARN ECONOMICS 101 TAKE THE EMOTION OUT THE EQUATION AND UNDERSTAND HOW THE WORLD WORKS!

THE NEW WORLD WILL WORK THE SAME WAY…. IT IS CREATED BY THE SAME PEOPLE THAT BROKE THE ORIGINAL SYSTEM EXCEPT THIS TIME CHINA AND THEIR MIDDLE EASTERN COUNTERPARTS WILL BE DEMANDING MORE TRANSPARENCY AND BETTER BACKING.

I DO NOT CARE FOR YOUR OPINIONS OF THE IRAN DEAL FROM A MORAL STAND POINT ANY LONGER.

I AM WATCHING HOW THIS UNFOLDS AND TRYING TO FIND AWAY THAT MY LANE CAN FIT INTO THESE AMAZING OPPORTUNITIES. THE HAND OF IRAN WILL REACH ALL ACROSS THE GLOBE IF YOU WANT TO REMAIN ISOLATED THIS IS YOUR CHOICE, BUT EDUCATE YOURSELF AT THE VERY LEAST.

THE FOLKS IN THIS ROOM FOR THE MOST PART UNDERSTAND WHAT IS HAPPENING AND CAN SEE THE NEW SYSTEM AND YOU GET IT. BUT THERE ARE STILL A FEW THAT WILL PM ME THE MOST OUTRAGEOUS CRAP AND WANT TO GET INTO THE MORAL ASPECT OF IRAN.

FOR THOSE PEOPLE I HAVE NO PATIENCE..... IF YOU CAN NOT SEPARATE POLITICS FROM MONEY THEN YOU ARE SURELY DOOMED TO FAIL!

JUST SAY NO THE NOISE OF THE POLITICIANS AND REMEMBER WHY YOU’RE HERE IT IS FOR THE MONEY. THE MONEY YOU WILL BE RECEIVING FROM THE TRADING OF AN ACTION THAT CAME FROM GREED AND POWER AND CORRUPTION AND FEAR AND BLOOD OF MANY INNOCENT LIVES AND ALL THE THINGS YOU WANT TO MORALLY REBEL AGAINST.

I SUGGEST YOU JUST SAY “THANK YOU” AND PEDDLE ON WHILE TRYING TO FIGURE OUT HOW TO BEST PRESERVE THIS ONCE IN A LIFETIME OPPORTUNITY.

MONEY IS MOVING, THINGS ARE CHANGING, THE BRICS ARE MEETING WITH SILK ROAD PARTNERS JULY 23-25TH DO YOU THINK THAT IS A MERE COINCIDENCE OR DO YOU THINK THE UN VOTE ON IRAN WAS PUSHED UP IN PREPARATION FOR THIS MEETING ?

EVERYTHING IS FALLING IN PLACE THE NEWS TODAY IS REMARKABLE, WE CAN SEE THE WHOLE NEW BANKING SYSTEM GETTING CLEARER AND CLEARER. ALL THE MIDDLE EAST WILL MOVE IN THE SHORT TERM JUST WATCH THE PROGRESS IT IS AMAZING.

NOW WE CAN LOOK TO IRAQ A LITTLE CLOSER BECAUSE THEY WILL BE THE FIRST TO MOVE I THINK RIGHT BEHIND IRAN.

 THE CONNECTION OF IRAQ AND IRAN IS A POWERFUL ONE IN THE MONETARY SENSE, THEY HAVE SAID THIS THEIR SELVES. THERE ARE MANY PROJECTS ON THEIR BORDERS, AND I POSTED 2 GOOD ARTICLES TODAY TO SHOW HOW THEIR BANKING IS INTERTWINED.

HERE IT IS AGAIN IN CASE YOU MISSED IT.

After the nuclear deal .. forecast a financial crisis and a severe delay staff salarieshttp://www.dananernews.com/News_Details.php?ID=5939

RIGHT HERE THEY ARE TELLING US THEY NEED TO KEEP UP WITH IRAN OR BE LOST.

OK I’M COMING OFF MY SOAPBOX NOW, THIS MOVEMENT OF MONEY IS INCREDIBLE TO WATCH. EYES TO THE EAST FOR NOW AND LET’S SEE WHAT COMES OF THE SILK ROAD MEETINGS THIS WEEK.

HERE IS THE INFO ON THE SILK ROAD MEETINGS.

A new map unveiled by Xinhua shows the Chinese plans for the Silk Road run through Central China to the northern Xinjiang from where it travels through Central Asia entering Kazakhstan and onto Iraq, Iran, Syria and then Istanbul in Turkey from where it runs across Europe cutting across Germany, Netherlands and Italy.

The “Silk Road Economic Belt Cities Cooperation and Development Forum” will be held from July 23 to 25 in the regional capital of Urumqi.
http://thebricspost.com/chinese-firms-bag-1401-contracts-worth-37-6bn-along-silk-road-in-h1-2015/#.Va561fnHlbhSager:  HUGE potential with this idea. They are maximizing potential revenues through every means possible... very creative:

Internet-based Businesses Urged to Create Digital Version of Silk Road

Internet-based businesses were urged to participate in China's Belt and Road initiative by creating a "digital Silk Road" and helping to boost China's and beyond-border countries' traditional industries.

"An Internet economic community could be formed to benefit each country," Ren remarked in an Internet media forum on Friday in Guangdong

"We can build a digital Silk Road, a Silk Road in cyberspace," Lu added, speaking at the first China-EU digital collaboration meeting in Brussels on July 6.

More: http://en.yibada.com/articles/46848/20150721/internet-based-businesses-urged-create-digital-version-silk-road.htm

DINAR GURUS UPDATE, 21 JULY

7-21-2015   Newshound/Intel Guru BGG   [What chance do we have in seeing tariffs on August 1st?]   worst case - the not-so-good side, they tread water for a little while, personally - I don't see how that works, but there may be that slim possibility...they will either add value (buying power) to their currency (which has obviously been the plan - on some level) and fully implement the tariff protocols... or they will delay...their own economists have PLAINLY warned them about tariffs with no value - it would be hard on the average citizen.

7-21-2015   Newshound Guru tlm724
   Article quote:  "Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015"  thats right from the CBI, by October! Article quote:   "The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment..."   Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.

7-21-2015   Newshound Guru Kaperoni 
   [but Kap you stated / said within a few years we will see a 1 to $1 rate, so your saying not till 2017?]  ...again, if you believe what the CBI publishes as a timeframe, then yes.  You all must understand the appreciation of the dinar is part of the process. Therefore, when you see the other pieces fall into place, you will know the dinar will rise. I think many economists in Iraq, including Dr Bakri have also said the experts think about "long term" meaning they want to do this right, and not create a situation where the dinar could or would collapses.  The dinar clearly can appreciate fast if investors come in...And if it does, it will be great.  But it will be directly tied to the economy so it cannot fail!  The CBI will never just arbitrary create an exchange rate (RV) without sound principles to support it. Investment and exchange rate are directly related.   [post 2 of 2]

7-21-2015   Newshound Guru Kaperoni
    If the CBI loan program works, it should help expedite employment and create some stability which hopefully will perpetuate the process which will begin to create inflationary pressure for the CBI... Like a snowball rolling downhill.  But really, this all comes back to the same problem... Parliament needs to pass laws to create the environment...the CBI official made a very clear statement...That early 2017 they would release category 50, 100 and 200.  The dinar exchange rate has to be appropriate for those valued notes...They did not mention anything lower...So we can make a very educated "guess" as to the rate at that time.   I do not think there is anyway to tell when the dinar will start to appreciate unless you can see growth, investment in the market economy. Everything else is speculation as to timing... Which means IMO, that the dinar must appreciate between now and then (2017) to at least a penny or dime...And to be honest, that is pretty substantial. 

Lifting sanctions will release $100 billion to Iran: Report, 21 JULY

Tehran, July 21, IRNA – An American news website said removal of sanctions will give Iran access to enormous financial resources.

The website 'Examiner' quoted the executive director of the Foundation for Defense of Democracies Mark Dubowitz as saying “The money is sitting in China, India, Japan, South Korea, Turkey, maybe a little bit in Taiwan.'

“No company wants to wake up to a front-page story that its business partner is Iran’s Islamic Revolutionary Guard Corps or that the new US president has re-imposed tough sanctions”, Dubowitz said.

His ministry said there was “great interest on the part of German industry in normalizing and strengthening economic relations with Iran”. LINK

BLC NEWS DISCUSSION, 21 JULY

Iraq MPs set to approve anti-money laundering law

[tlm724] Iraq's parliament is expected to soon endorse a new law that aims to combat money laundering and terrorism financing, the government's economic adviser said

[tlm724] He said the new law would cover tax evasion, smuggling of antiquities and cash as well as corruption.

[tlm724] *hallelujah* great to see corruption included !
~~~

[tlm724] "It will also meet Iraq's financial interest and open the way for the country to conduct economic activities at the international level,

[tlm724] Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015

[tlm724] thats right from the CBI, by October !

[tlm724] "There are instructions to give special importance to monitoring bank transactions by politicians and their families in addition to monitoring their dealings in real estate and gold

[tlm724] Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors

[tlm724] "The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment,

[tlm724] bring it on !!!  

     

[tlm724] The deteriorating security situation, poor governance and inconsistent regulations have kept Iraq at low ratings of global rankings for doing business, according to the World Bank

[tlm724] economy and investment committee, said that while it would prove difficult for Iraq to recover smuggled funds, the new law would have a greater impact in preventing illegal transactions

[tlm724] the new draft law was backed by all political parties *wolfwhistle* now that is hot ! Thanks Rocky

~~~

Abadi demanding federal powers to the start of Basra, the transfer of powers to local governments

[tlm724] the prime minister committed himself in front of the House of Representatives Select the fifteenth of August next deadline for the transfer of powers to local governments, "calling Abadi that starts from Basra, the first province to be granted full powers

[tlm724] I hope they do transfer power ! One more step in decentralization
Planning expects high poverty rate to about 20% unemployment and 15% because of the security situation 

[tlm724] expected the Ministry of Planning, on Tuesday, rising poverty line ratio to about 20% and unemployment at 15%, attributed the reason to the security and economic conditions experienced by the country,

[tlm724] shakes head, unbelievable for such a rich country !

~~~

Council of Ministers today discusses the mechanism of reduction of the special provisions for the three presidencies

[tlm724] the Council of Ministers will discuss in its session today the appropriate mechanism to reduce the extraordinary allocations to the staff of the three presidencies.

[tlm724] good get rid of all their stuff, they stole all they will ever need anyway !

[tlm724] The Council of Ministers is determined to discuss proposal of the prime minister on the reduction of salaries and privileges of the private and the higher grades, but that a number of ministers raised the subject of the reduction of the special provisions for the staff of the three presidencies

EXCERPTS OF MY LADIES, SCZIN11 & BGG, 21 JULY

7-21-15 My Ladies: THERE IS NO DOUBT IN MY MIND AT LEAST THAT THE DINAR WILL TRADE GLOBALLY. IN WHAT TIME IS THE ONLY QUESTION? 

7-21-15 sczin11: Article qutoe: "Financial distress affect the investment budget for the ministries and cut off the livelihood of more than four million IraqisCONFIRMATION 2 SIDES OF THE BUDGET... INVESTMENT SIDE NOT FUNDED.  WHAT WE SEE HERE, IS SPECIFIC REFERENCE TO THE INVESTMENT SIDE OF THE BUDGET, AND DIRECT REPORTING THAT THE CBI HAS NOT FUNDED IT...CLEARLY SOME IN COUNTRY SALARIES HAVE BEEN PAID, AND THAT WOULD BE IN DINARS.

REMEMBER, THE DINAR IS THE DINAR...A CHANGE IN VALUE WOULD HAVE NO BEARING WITHIN THE COUNTRY...SHORT TERM IMMEDIATE LOANS WOULD CERTAINLY HELP WITH CASH FLOW, IN ORDER TO GET SOME OF THE PROJECTS CONTRACTED FOR, GOING....BUT, THEY CERTAINLY WOULD NOT SOLVE THE PROBLEM LONG TERM... IT WOULD SEEM, THEY ARE WAITING FOR A CHANGE IN VALUE OF THE EXCHANGE RATE, IN ORDER TO MAXIMIZE THE RETURN ON THE ALLOCATED FUNDS FOR THE INVESTMENT SIDE OF THE BUDGET... OTHERWISE, WHY NOT TAKE A BEATING, AND USE THE FUNDS SET ASIDE FOR THE BUDGET NOW? 

7-21-15 BGG: There are NUMEROUS - REGULAR - DETAILED articles, reports and comments by very powerful figures in Iraq about Monetary policy and Monetary Reform - ALMOST EVERY DAY...either something is happening - or the Iraqi people are going to be one very unhappy bunch! What? How much? When? What will it look like? What about the exchange mechanism?  Who knows? BUT - something is PLAINLY UP. 

KTFA CC PLAYBACK LINK, 21 JULY

KTFA Monday night Conference Call

Approx. 208 minutes long

The first part is Business Promos, and the second part is Iraq/Dinar Intel

PLAYBACK # : 760.569.7699 PIN: 156996#

https://www.freeconferencecallhd.com/playback/?n=OTQCw/jswby

TNT CHAT UPDATE, 21 JULY

TNT:

Iko Ward:
 Well, an interesting start to our day. The world markets are all hovering around 0.00% The ISX hasn't traded since the 15th. Forex polled the basket this morning but barely moved, might as well be 0.00. It's like everyone is waiting.

Siesta:  IKO good mornng....have you seen anything on the Rial - I am wondering if that is the new catalyst

Iko Ward:  Siesta..Rial is a restricted currency and not traded. In my opinion it is just the latest fad here in Dinarland to get worked up over. Iran is a long shot when it comes to policy and behavior. If you like high risk for it.

Siesta:  Thanks Iko just wondering as it popped and got UN approval so quickly - I have very mixed feelings about Iran in general but was just wondering if "they are the money to watch" as the catalyst in the puzzle
....
Bonsboom:  IMO The Iran Rial is not a fad...there is a real possibility that it could RV soon with sanctions lifted...$3 range? maybe.

Siesta:
  bonshoom I tend to agree...they will not wait for anyone...I'd thought Iraq would want to be first...we will see. They are only becoming able to internationally trade again…..Iran does not have to do anything to their currency except to be able to trade internationally if I am understanding it all correctly

Iko Ward:  bons, based on our history with currency revaluations, do you think it is really that simple? Do you think the PTB will destabilize the area by revaluing Iran overnight and not Iraq? You and I will not be privy to the immediate effects of an Iranian move. But could it happen? Yes……But hey, what do I know? Risk is fun.

Iko Ward:
  Dong is still higher. Dong has always been #2 in the basket.

Bonsboom:  IKO... I appreciate your experience and the info you share...I was just stating my belief based on intuition.

Iko Ward:
  bons...and you could be right. That's why the markets are so seductive. Sometimes thinking outside the box is where the winners are.

Blackjack7:
 (Late Monday Night)  I forgot one thing I believe that this RV will come like a thief in the night… a lamb if you will not a lion...No big fanfare it will just be...good night dear friends and all of TNT

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[xyz] Iraq MPs set to approve anti-money laundering law ./ Saleh: "It will also meet Iraq's financial interest and open the way for the country to conduct economic activities at the international level," Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors. "The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment," he said.  http://www.zawya.com/story/Iraq_MPs_set_to_approve_antimoney_laundering_law-ZAWYA20150721103626/

[xyz] Urgent Cabinet approves 45% cut off for all Ministers' salaries  http://en.alliraqnews.com/modules/news/article.php?storyid=2148

DINAR IRAQ & DONG VIETNAM UPDATE, 21 JULY

Dinar Iraq and Dong Vietnam :Iraq still has plans to fully implement their tariff law come August 1st. We can see the billions of annual lost revenue from not having these tariffs in place as they planned to do years ago.
They keep postponing this implementation. Why? It’s because they need a realistic rate and just a rate of the Iraqi dinar on the global currency exchanges in order for these tariffs to work.
We can also see this past week they need more security in this area to protect the trade routes and harbors. Iraq has a liquidity problem? Iraq is in a financial crisis? Iraq has devaluing with regards to the dollar? Could this all be caused by not having a realistic currency rate and being traded globally? So what is the hold up? So when will this all end and they finally get Article 8 of the sanctions lifted thus having back their currency? Can you see it is more than time to do this. This next couple weeks should be very exciting! I believe we might be heading for a window of opportunity for an RV in these coming weeks.
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Iraq cannot open to the World Market without the tariff and customs activated.
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WITH THE VALUE OF THE OIL AND THE OTHER COMMODITIES, HOW CAN THEY HAVE A LOW VALUE WHEN THE ENTIRE WORLD KNOWS THE VALUE AT CURRENT IS SIGNIFICANTLY UNDERVALUED, WOULD THE IMF ALLOW THAT TO HAPPEN?] I DONT SEE THE COUNTRY OPENING UP TO THE WORLD MARKET WITHOUT TARIFF AND CUSTOMS ACTIVATED — I WOULD SAY IT IS HUGE TO CALCULATE THE DINAR FOR IRAQ TO COME OUT IN VALUE AND CONFIDENCE TO THE WORLD — I WOULD THINK THAT MANY WOULD NOT ALLOW IT NOT TO BE DONE — WTO–WORLD MARKETS–SHARE HOLDERS-IMF–WORLD BANK–THE ISLAMIC BUSINESS COUNCILS — ETC