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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, August 31, 2015

MY LADIES CHAT UPDATE, 31 AUGUST

Princess DD:  Looks like the Iran sanctions are coming off soon!

Salehi: 5+1 accepts single-stage sanctions relief    By staff and agencies

Chief of the Atomic Energy Organization of Iran says world powers have agreed to immediately lift all sanctions on Iran as part of the deal on the country’s nuclear program.http://www.tehrantimes.com/index_View.asp?code=249048

Sager:  Chief of the Atomic Energy Organization of Iran says world powers have agreed to immediately lift all sanctions on Iran as part of the deal on the country’s nuclear program.

IMMEDIATELY!!! SOUNDS GREAT!!!
....
Princess DD: Former Pentagon Official: Iran Boosting Military Spending Ahead of Sanctions Relief
by TheTower.org Staff | 08.31.15 4:14 pm

Iran has begun a weapons-buying spree shortly before it is due to receive over $100 billion in unfrozen funds as a result of the nuclear deal. Michael Rubin, a former Defense Department official who is now a scholar at the American Enterprise Institute, noted these developments in an article published today in Newsweek.   https://www.thetower.org/2298-former-pentagon-official-iran-boosting-military-spending-ahead-of-sanctions-relief/

Princess DD: AEOI Spokesman: Process to Lift Anti-Iran Sanctions to Start in October

August 31, 2015 - 14:53TEHRAN (Tasnim) – Spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi announced that the process to terminate Western sanctions against the Islamic Republic over its peaceful nuclear energy program will start in late October. http://www.tasnimnews.com/english/Home/Single/845476

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Sager:
   On 2015-08-31, at 9:41 PM, Princess DD wrote:

> Europe Shows Interest In Trade As Economic Sanctions In Iran Have Been Lifted

> As the Western economic sanctions on Iran have been officially revoked, Europe has seen a great potential for trade in technology and other goods in the country.

http://en.koreaportal.com/articles/372/20150831/europe-trade-iran-sanctions.htm

ECONOMIC SANCTIONS IN IRAN HAVE BEEN LIFTED??!!!!!
  “As the Western economic sanctions on Iran have been officially revoked, Europe has seen a great potential for trade in technology and other goods in the country.”   HEY-OH!!!! 

PrincessDD: Very interesting Sager. Hope it is what they say it is!

Sager:  Sure seems like it! This will fuel pressure for the US to lift their economic sanctions on Iran

PrincessDD;  I thought the US is part of the west?

Sager:  Yes, but since  they’re talking about Europe, it seems it’s relating to them… “seems” is keyword here

Princess DD: Obama already told congress they cant vote it down. So guess we can expect them to not get left behind. All other countries are doing all kinds of business with Iran and the US is not on board yet.  They need to get their rear in gear!

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PrincessDD:  Rothschild’s IMF May Be Erased
   https://americanfreepress.net/?p=27877

PrincessDD:  IMF and St Kitts-Nevis organise regional Caribbean forum on 'financing growth' http://www.caribbeannewsnow.com/headline-IMF-and-St-Kitts-Nevis-organise-regional-Caribbean-forum-on-'financing-growth'-27432.html

PrincessDD:  BRICS bank is 'coming of age of developing countries': KV Kamathhttp://www.hindustantimes.com/business-news/brics-bank-is-coming-of-age-of-developing-countries-kv-kamath/article1-1386147.aspx

PrincessDD:  As international banks shrink in China, a new breed of banker emergeshttp://news.efinancialcareers.com/uk-en/219523/as-international-banks-shrink-in-china-a-new-breed-of-banker-emerges/

Princess DD:
 Central Banks Have Begun to Lose Control
http://news.goldseek.com/GoldSeek/1441027854.php

Princess DD:
 Central Banks Step In to Prop Up Global Financial Bubblehttp://www.globalresearch.ca/central-banks-step-in-to-prop-up-global-financial-bubble/5472945

PrincessDD:   Indian banks adopt Basel-III norms in a phased manner’   http://www.thehindu.com/business/indian-banks-adopt-baseliii-norms-in-a-phased-manner/article7600494.ece

PrincessDD:  Central banks can’t save the markets from a crash. They shouldn’t even try http://www.theguardian.com/business/2015/aug/30/central-banks-cant-save-markets-crash-shouldnt-try

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Princess DD: Low Eurozone Inflation Proves How Helpless Central Banks Are
http://moneymorning.com/2015/08/31/low-eurozone-inflation-proves-how-helpless-central-banks-are/

Princess DD:
 France's Macron for 'EU, eurozone rebirth'  French Economy Minister Emmanuel Macron has said the EU and the eurozone have no future without a currency union coupled with a fiscal transfer system. He also called for a strong euro commissionehttp://www.dw.com/en/frances-macron-for-eu-eurozone-rebirth/a-18683077
Princess DD: China Markets Live - China official PMI slides to 49.7; yuan fi....http://www.scmp.com/news/china/economy/article/1854311/china-markets-live-early-calls-price-forecasts-and-analyst-views

Princess DD: China Displacing Monopoly of US Dollar, Bretton Wood System   Read more:http://sputniknews.com/politics/20150831/1026407875.html#ixzz3kRjlj5Ir

PrincessDD: 
 Washington’s Financial Currency War on China: The Eclipsing of the US Dollar by the Yuan http://www.globalresearch.ca/washingtons-financialcurrency-war-on-china-eclipsing-of-us-dollar-by-yuan/5473064

PrincessDD: Euro, Yen Rise as Jackson Hole Outcome Sends Markets Scramblinghttps://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2015/08/31/Euro-Yen-Rise-as-Jackson-Hole-Outcome-Sends-Markets-Scrambling.htm

MY LADIES:
  GOOD THOUGHTS SAGER...THANKS PRINCESS...GOOD ARTICLES TONIGHT.......SEE YOU ALL IN THE MORNING

POPPY3 TIDBITS, 31 AUGUST

Poppy3   heard again last night the hcl has been divided into 3 parts and they are to implement the part or 1/3rd of it that will allow Abadi to get the rate released and fulfill a large portion of the rest of the 2015 budget

 LETS KEEP OUR EYES ON THEIR MOVEMENT OVER THE NEXT COUPLE DAYS …. WATCH THEIR ACTIONS IN THIS DIRECTION.

TNT: LESSON 1 Part 1: DINAR RATES AND CONTRACTS BY SKIRACER, 31 AUGUST

NOTE: I AM NOT A PROFESSIONAL ADVISOR, THESE ARE PERSONAL OPINIONS SHARED AND NOT TO BE RELIED ON AS PROFESSIONAL ADVICE....ALWAYS SEEK QUALIFIED PROFESSIONALS FOR ALL LEGAL AND INVESTMENT ADVISORY
Any reference to rates is strictly for examples.   8/1/14 1:30 PDT: added more info on contract rate history for China in maroon
 
 
LESSON 1 Part 1:  DINAR RATES AND CONTRACTS 
 
Background:
Each country has a currency it uses for its citizens and government to transact business. The USA has the US Dollar (USD). Canada has the Canadian Dollar (CAN).  Iraq has the Iraqi Dinar (IQD), Serbia has the Serbian Dinar, Vietnam has the Dong (VND), CHina has the Yuan, Mexico has the Peso, the new EU has the Euro (EUR), Norway has the Kroner.  
 
You will find areas of the globe that use a similar nomenclature for the countries there. For example many South American countries use a peso but each country has its own. North America uses the dollar but Canada and the USA each have their own dollar. Most Middle Eastern countries use the dinar, but each one has its own. So there is an IRaqi dinar, a Kuwaiti dinar, a Serbian dinar, a Jordanian dinar, a Qatar dinar, etc.
 
 
Asset backed vs Fiat Currency
The Iraqi dinar is different from other world currencies in that it is required to be asset backed. This is an attempt by the International Monetary Fund (IMF), the Bank of International Settlements (BIS), the UN, the US Treasury and everyone else you can think of (except the Federal Reserve in the USA!) to push world currencies to asset backed instead of merely a printing press (known as FIAT money). The USA used to be gold-backed until Nixon took us off the Gold Standard in 1971 because we did not have sufficient gold to back all the outstanding money.  The USA is now a fiat-based system.
 
 
Exchange Rates and Spreads:
Each country currency can be traded for a different currency from another country.  There are published exchange rates, typically found on Foreign Exchange sites, such as FOREX, Oanda, US Treasury, etc.  Banks will have their exchange rates as well. There are differences in the rates for which the FOREX (like you find at an airport) or bank will BUY your currency which are less than the Sell rate.  The difference between the BUY rate and the SELL rate is called the SPREAD. This parallels the BUY/SELL philosophy of buying and selling stocks or mutual funds.  Of course, in our case with the dinar we want the smallest spread because we are the SELLERS and the bank is the BUYER.    
 
I doubt if the spread among banks will vary much as it is not in their interest to do so at this point.
 
IF you SELL Canadian dollars today, the Bank of America will BUY them for .8743 US Dollars. Thus you would sell one Canadian dollar and receive back 87 cents in US coins for the transaction.   IF you offered to sell US$ because you wanted Canadian you would get $1.08 Canadian dollars back. 
 
Here are the BUY / SELL rates for the Iraqi dinar today on Oanda:  http://www.oanda.com/currency/converter/
Selling 1.00000 USD  you get 1,160.56 IQD   (so your dinars are worth something today even)
Buying 1.00000 USD you pay 1,171.10 IQD    (this is what we will be doing but after the RV this rate will CHANGE!.)
 
 
DINAR RATES:
For about 3 months the rates have been kept ever so quiet.   All I can do is remember the rates from months ago to report here. They are not likely to match the rates when the RV happens!!   Those are the numbers you might find on FOREX when the RV occurs, or posted on Oanda, BofA, etc.   THis is for examples only. ALL RATES ARE FOR EXAMPLE ONLY AND PURELY SPECULATION, WITHOUT FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE. ANY RATE EITHER PUBLIC OR PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME
 
Iraqi Dinar international rate:   $3.71   (this means when you present one dinar they will pay you $3.71 USD for each one)
Vietnamese dong:                    $2.10   (Again, you will get $2.10 for each dong presented)
 
  
History of Dinar:
IN 2003 the world agreed to devalue the Iraqi dinar (which then was at about $3.40 or $3.70 US) to almost zero to prevent Saddam Hussein from squirreling away money that the international community had been  giving IRaq.  No bank worldwide would take the dinar any longer and still won't. The US and other allied countries accepted the worthless dinar as payment for freeing Iraq and paying for the war, knowing that one day the dinar would be valuable again and their countries would be repaid. The intent was to ReValue the dinar at some point when Iraq reached stability and had emerged from bankruptcy. Well all that has now happened. We just await the RV itself now. 
 
Iraq via this ReValuation (RV)  process will  have asset-backed currency.  Iraq has oil, gold, diamonds aplenty to support a substantial value for the dinar.  The world is very interested in its oil reserves.
 
 
Dinar Contract Rates:
THus, the US and China have negotiated with Iraq that for each dinar they present back to Iraq during the RV (meant to help Iraq collect all the large notes that are outstanding worldwide that have been needed for the awful rate Iraq has endured for 10 years), that Iraq will provide one oil credit to that country at $32.  This means that both the USA and China can obtain a barrel of oil for $32 while it is currently selling on the open market for over $100 a barrel. THis is a pretty good deal!
 
BACKGROUND ON CONTRACT RATES
In the beginning China was bound and determined to garner as many oil credits as it could get.  China decided if it could buy in bulk that would be prudent. So it asked some banks to help China set up some groups to get their bulk purchase. After that was done, others got wind of it and then other groups wanted to be included, etc. There are now over 300 groups with rates varying from 50 cents per dinar all the way to the high double digits (I think that means high $30s).  Some groups are legitimate and many are not quite so legitimate.  Those set up to deal with China are legitimate as best we know.  Some of the others? not so much.
 
There were more dinars available for contracts than there were people  in groups. It has evolved that individuals also wanted to be able to take advantage of the contract rates. That created an opportunity for the rest of us. So now there are at least 3 rates: one China contract rate, the USA contract rate, and the international rate, each  having  positive and negative sides. Some rates are higher rates will be more highly taxed. There may be some other pitfalls too but we do not yet know exactly all those nuances yet. 
 
Enter the Citizens who own dinars.  Bush's Ex Order 13303 in 2003 allowed not only the US GOvt to own dinar but the US citizens as well. However, that is not widely known. Only a select few know. Thus, they own dinar and will benefit richly from the playing out of the ReValuing of the dinar.  
 
Dinar Contract Rates will have a high level and low level within each of the US Contract rates and  Chinese contract rates because both countries want those oil credits.  Remember the FOREX international rate will be about $3.71.  Months ago the rates I was hearing were:  ALL RATES ARE FOR EXAMPLE ONLY AND PURELY SPECULATION, WITHOUT FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE. ANY RATE EITHER PUBLIC OR PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME
CHINA High rate: $36     Low rate: $32
USA     High rate: $27    Low rate: $20
 
WHy are these rates different? China is willing to pay more for those oil credits priced at $32 than the USA because buying a barrel of oil at $32 instead of $100 is a good deal and China needs the oil. So CHina pays us $36 for one dinar, buys a barrel of oil for $32, saving $68 on the market price of $100 for a barrel, then subtracts the $4 they had to pay us extra, netting $64 for China for each barrel of oil.  It is not rocket science to imagine that China would be willing to pay more than $36 if it had to because it is still a good deal for China.  
 
In the case of the USA, we have our own oil so we are not as desperate for oil. The USA would pay us $27 for a dinar, making $5 on each one since they turn our oil credit around and sell it to Iraq for $32; thus they buy a barrel of oil at $32 and make/save another $68 if oil remains at $100; so the USA makes $73 ($68 plus the $5 discounted purchase of the dinar) for each dinar the UST can gather to present to Iraq.  
 
The object of the game is the same, each country is merely playing it differently: obtain  oil for $32 a barrel from Iraq. 
 
WHY THE TWO CONTRACT RATES?   Because the USA is trying to make more money. If you take the higher rate the tax rate will SUPPOSEDLY be the capital gains tax rate, and remember the USA is offering to pay you $27 (or whatever the rate comes out at).  IF you take the lower rate, the US Govt has SAID (CAUTION: no law is in  place, it is merely words!!) that they will give you a tax break, plus it cost them less to buy the dinar from you and they make money both coming and going, so they can reduce your taxes.
 
 
There will be a separate lesson on taxation.
 
 
International Rate vs Market Rate vs Contract Rates:  ALL RATES ARE FOR EXAMPLE ONLY AND PURELY SPECULATION, WITHOUT FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE. ANY RATE EITHER PUBLIC OR PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME
The International rate above is about $3.71.  That is a guesstimate.  This will be the rate at which Iraq deals with the world, such as in paying for goods, etc. This will be the rate on FOREX and OANDA and the CBI (Iraq Central Bank), etc.  Currencies are not normally taxed when converted. If you buy a currency as a stock then it is, but not if you present raw currency for trade.  (THERE is some disagreement on this point). 
 
Let us consider for a moment that the rule is currency presented is not taxed. Then you can present your dinar at FOREX and get $3.71 (less FOREX's spread). FOREX will present the dinar to the UST. Then the UST still gets an oil credit but this time having paid only $3.71 for it, saving over $23 apiece on this end ($27-$3.71). THEN the UST buys a barrel of oil for $32 making the oil pretty dang cheap!  Remember it sells on the open markets for $100! So the USA makes $68 on that end. In total the USA makes $91 on this deal.  So the rumor is there will be no tax if you exchange at the international rate.
 
The USA Is not stupid. They know they could give a small bonus to entice you to sell your dinar at a cheap rate and not the lowest rate to eliminate FOREX.  So the USA is offering (last we knew) a Market Rate, which will be about $5 or $6.  That still saves the USA about $20 apiece on this end.  The tax situation has not been stipulated.  SO in the end the USA still makes about $88 per barrel of oil at this rate.
 
The Contract rates were discussed above.
 
The next lesson will be on choosing a bank for your Currency Exchange. 
(This is what I sent to my circle.  If it helps  you great, if not, no problem skip it and the others. If the mods want to delete it, fine; then I shall not post other Lessons.  It is my effort to complete my training for my circle and am sharing it FWIIW here.) 

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 31 AUGUST

Highlights of Tony's conference call.  Updated as the call progresses.  

Tony:  Lot of people upset and in the streets Fri., Sat and Sunday.  We have pictures.  Think each day is worse and worse.  Big concern.  Chaos going on.
Telling them they are going to make changes.  They told them last week.  This is that week.  So far this morning we don't see anything.  Nothing different and not hearing about anything.

CURRENT WINDOW:   Tony:  Do we still expect it this week?  We do.  Banks have plans for this week.  Definitely a plan . . . scheduled sometime this week.  Could pop up anytime.  Everyone ready to go and still excited.  It's going to come out in stages.  We are the first stage.  I am hearing a specific day.  I don't expect it today.  Sometime this week though.
IRAQ:    Laws supposedly passed.  Looking for big week in Iraq.  Last Friday they were again given the green light and that's why everyone thought it would be on the weekend. Five people involved with green light. Still things in the market that need to be done, completed.
  • Bonds:  Nobody buying them because of the chaos in the streets.  
  • Credit Rating:  The last Tony saw was a C-.  
  • Banks:  Open Fri & Sat but closed early both days.
  • Maliki:  Tony: Heard how he's restricted, took plane, brought him up on charges. Now hearing a guy resigned from Parliament so M could take his spot and be protected. . . he could be part of slow down as far as influence, power behind the scene. . . has influence. . . that's why they want him back in Parliament . . . that's why they haven't hung him.
INTERNATIONAL:    
  • Price of oil:  at this time the price is still above where the RV was negotiated.  Tony:  (price) Not going to affect it (RV).   
  • Rates  Tony:  Numbers haven't changed.  
UNITED STATES:     
  • Exchanging:  Designated locations assigned based on your amount to exchange.   Ask questions about the fee's, charges, perks, what you can expect the bank to do for you.  The banks have already indicated they will be competitive.
Tony's Advice:   Before your appointment;  before exchange - You can do this NOW!!!  Look at banks, interview the wealth managers, get a high number investment package and review it. Tony:  Doing your own work will make for good decisions when you go for an appointment.  

CLOSING STATEMENTS:

PAM:  Gosh, not prepared at all.  But, I guess I go back with what we need to do is what Daz says.  Be prepared.  Do what Rays says:  Be prepared.  Get ready.  What Tony was just saying.  Be prepared.  Be flexible.  Think on your feet.  You know this stuff.  As Idaho just said, look forward, not backward.
RAY:  This is marvelous Monday.  Looking for marvelous things to happen throughout the rest of the day. 
TONY:  Really good, really good.  Have more cards and ideas for how to use SuperFantastic with donations, rewards, helping people out.
Looking for something this week.  Over in Iraq still being told this week.  Game plan for sometime this week.  Green light been given and not taken back yet.
All laws, national guard law, can all be done after the RV.  . . not required.  Financial system must be done.  Numbers, there, banking sytem done . . . Understand they are going to delete 3 zeros’ this year.  Take (?) years to complete it.
We know it’s going to happen.  Had a steady diet on the TV, in the mosque everywhere telling them in a couple of days or a week.  Thank you, thank you, thank you.  Hoping and praying this is the last call we do like this.  Or the last week.  Enjoy the rest of your day.

TNT Family,  I am in Salt Lake City.  The drive from Nevada north along the edge of the Wasatch mountain range was very scenic.  Only two large towns along the way in around 180 miles so it felt lonesome.  I went up and over several passes to drop down into large valleys, green with knee deep pasture grass.  Much of it void of civilization or animals.  It's kind of sad to drive across America and see so much land not being used. Not growing crops when it's fertile and gets water.   Did see sheep and horses grazing occasionally, sometimes side by side.  
In Mesa, AZ. huge orchards sit without care waiting for developers to swallow them up as they have other orchards and farming in the area.  I did see some corn in the Mesa area that made me nostalgic for my youth in Iowa.  Miles of green corn and as the song goes, "as high as your eye on the 4th of July." (or something like that.) However, for the most part, farming IMO, seems to be going the way of manufacturing in the USA.  
I'm now at my Aunts who lives on the slope of the mountains.  The full moon that you can see at 8:30 or so we don't get until 10:30 when it finally climbs high enough to be seen over the mountain.   Tomorrow I hope to go hiking and check out the Cottonwood ski area.  I read they have a zip line.  I've long wanted to ride a zip line.  This might be my chance.  Blessings to all ~  Sunny

DINAR GURUS UPDATE, 31 AUGUST

8-31-2015   Newshound Guru Aggiedad77   ...we see that Dr. S [Shabibi] is wanting his name cleared from the false accusations made against him by the previous administration...the Iraqi government continues to lean on and play ball with the US which I am sure does not bode well with the Iranians who were already riled up at being rebuffed last week by PM Abadi and the religious clerics...Seems that the COM is muddying the waters for any attempts by Maliki or the other VP's to re-enter Parliament...and we have the three big boys...President Masum, PM Abadi, and Speaker Jubouri all meeting today to discuss reforms and whatever else they get the urge to bring up...oh and the Investment Law sounds like it might be ready to be teed up today...we shall see...And don't forget about the Anti-Money Laundering Law...where and when will it surface in Parliament...the clock is ticking.

8-31-2015   Newshound Guru Shredd
   Article quote:  "...which will be an important factor in creating excellent investment environment and meet the aspiration of all parties."  That is for sure. When the investment laws are passed, that will truly open opportunities for investors who have been waiting for protections.  The banking side has come a long way regarding balances and conversion protections, and now with these laws passed, will position Iraq for some much needed stimulus. Investment = lending = borrowing = commerce = jobs = revenue = taxes.  That's a win/win!

8-31-2015   Newshound/Intel Guru Bluedog
   THE NATIONAL GUARD LAW...WELL I SEE MOST BLOCS AGREE WITH IT...I SEE THE VOTE HAS BEEN POSTPONED INTO FIRST WEEK OF SEPTEMBER THINK THE 8TH (DON'T QUOTE ME ON THAT)...THEN WE NEED THEM TO ENACT IT...LETS SEE IT IN EFFECT, THEN AND ONLY THEN, WILL I DO SOMERSAULTS...NOT UNTIL I SEE IT IN MOTION...JIMO.  [reference Bluedog post 8-30-15]

8-31-2015   Newshound Guru Millionday   Article quote:  "Iraq is expanding in private banks the field, and the Movement of the Iraqi economy needs a banking sector that provides advanced services and has the ability to handle all the customers on the differences individuals and companies." ALL BANKING REFORMS AND CHANGES IN SERVICE ETC IS BEING RELEASED TO CONSUMERS AND ALSO TRAINED TO A REPRESENTATIVE FROM EACH BANK SO THEY HAVE A RESOURCE AT THE BANK FOR ANSWERS TO COMMON QUESTIONS AND FURTHER TRAINING OF THE BANKING REFORM CHANGES...THE TRAINING WILL BE CRASH COURSES SO THEY CAN MOVE FORWARD QUICKLY -- HUGE.   THIS IS PART OF REFORM ACTIVATION... 

8-31-2015   Intel/Newshound Guru Poppy3   heard again last night the hcl has been divided into 3 parts and they are to implement the part or 1/3rd of it that will allow abadi to get the rate released and fulfill a large portion of the rest of the 2015 budget
.  LETS KEEP OUR EYES ON THEIR MOVEMENT OVER THE NEXT COUPLE DAYS WHAT WATCH THEIR ACTIONS IN THIS DIRECTION. 

8-31-2015   Intel Guru DELTA
   WITH THE CBI GIVING ANOTHER MONTH AT 1095 TO SELL BONDS, SEP IS OUT THE WINDOW, OUR NEXT TARGET WILL BE OCTOBER.

8-31-2015   Newshound Guru Millionday
   "...the Central Bank of Iraq will extend the sales in nominal bond futures delivery in the currency of the US dollar (bearer) on behalf of the Ministry of Finance to be one of 2015/9/1 and up to 2015/9/30."   SO THE BONDS ARE GOING TO SELL WITH THE DOLLAR BACKING ONLY UNTIL SEPTEMBER 30TH...THE BOND EXTENSION IMO WOULD BE TO REACH THE GOAL THEY HAD SET...  [Does this mean they will not rv until they are done with the bond sales in the us dollar?]   NO THE US DOLLAR WILL BE IN COUNTRY FOR OIL SALES INDEFINITELY...IT REALLY GIVES NO INDICATION OF ANYTHING BUT JUST A TIMELINE OF THE SALE OF THE BONDS AT THIS POINT -- NO ADDITIONAL INFO HAS BEEN RELEASED CONCERNING THEM.

8-31-2015   Intel Guru Delta
   THE CBI DID EXTEND THE SELL OF BONDS ANOTHER MONTH, UNTIL THE END OF SEPT!!! SO MY Q TO YOU...IS..... WHY DID THE CBI DO THAT ? [Could it be because the bonds are not selling.] BINGO WE HAVE A WINNER!!!  MY 2ND Q WILL BE WHY NO ONE IS BUYING IT?

TNT CC NOTES, 31 AUGUST

TNT Call notes 31-August-2015
Tony:  Good morning, TNT!  Today is Monday, August 31, 2015.  Let’s go right to the news and then let some people talk.  If you have been on the last couple of weeks, except for 404 (who happens to be the first caller), please put your hand down because we would like others to have the chance to ask questions.  The same way you  put your hand down is how you put it up… voluntarily.
ON Friday and Saturday, people though we were actually having the RV.  People were on alert, and they are today.  Lots of people have been in the streets all weekend in Iraq – we have the pictures – and that’s probably what it will take to get this done.  They have been talking about this and making promises, and they will have to actually do things about this. They said last week it would in the next two days or next week.  So far in Iraq today they haven’t heard anything, but they have votes and meetings scheduled for tomorrow.  I’m still looking for a good week in Iraq.
Here in the US is the same thing:  everyone is ready to go.  We are just hearing now that last Thursday Iraq was given the green light to go when they want to go, and that’s why everyone assumed it would be Friday or Saturday.  We naturally assumed they would do this as fast as possible and it would happen, but it didn’t.  We still expect it this week. Banks have a plan in motion for some time this week. They briefed some people over the weekend on timing, schedules, who is to be paid first, second, third, and that has gone to another level.  In Iraq, as soon as they feel it’s the right time… I think it’s getting worse and worse, myself… but now their big concern is security and chaos with the protestors. I would think lining them all up at the bank, and then have them buying cards and TVs, that would quiet everything down.  There is a plan for this week, and everyone wants to get this show on the road.  Everyone is still ready to go, and everyone is still excited.
Certain things have to be completed in the market, and we expect that today/tomorrow. I’m very positive. The numbers haven’t changed.  I don’t know what else I can tell you, except that it is going to come out in stages. That’s okay, because we are part of the first stage. 
404 caller:  [no response]
248 caller:  OMG, I’m second!  Last time I asked about other places to get information because I cannot get on the forum.  Some links were sent out through Dropbox and I have trouble opening them now. 
Tony:  I don’t know anything about that or how it works.
Caller:  I have a thousand dollars worth of dinar, a million dinar, and that’s a super-steal. How does that happen, that I could get it at such a good price.
Tony:  The dealer bought it from Jordan or wherever, at whatever rate they could get, and they sold it to you.  Dealers gets a different rate, and they sell to you at a profit – that is how dealers make money.  Your buying currency doesn’t hurt anyone in Iraq.  Our buying dinar actually helps Iraq with their currency exchange and hard currency reserves.
352 caller:  What happened to you last week that you called yourself ‘happy’ for the first time in five years?  Why aren’t you happy now?
Tony:  I was supposed to go to the bank at 3pm that day!  I am actually happy with all those details I was telling you all.  I am hearing a specific day when things are supposed to start, and how it’s supposed to go – this person, then that person, meaning many people.  They have tried to do this, and everyone is frustrated because they keep laying out the plan and telling people not to go on vacation or more than 30 minutes away from home.  People are tired – they are just tired – but they also see the pictures of millions of people in the streets who are tired of hearing it and not seeing it themselves.  We are now at the place of “please, someone push the Go button before something worse happens.” The flame is getting closer and closer to that powder keg, and they are not listening.
Caller:  There seems an endless stream of excuses, such as Greece, Iran, and ISIL;  this week’s excuse is that we can’t go until the Anti-corruption Laws or National Guard Law. Those have already been passed, so far as I know!  If that is what we’ve been waiting for, they couldn’t have dealt with it back in April or June?  I think people are looking for some other thing they can point to as the reason.  I think people are uncomfortable with those they want to trust to see this through.  Now, everyone met a week ago and Iraq was given the green light, but they didn’t, and then things change again.  I’ve been saying this for 18 months.  Someone needs to just push the button right away, instead of giving 24-48 hours for someone to screw up or have second thoughts.  They did have to put  the laws into place so that when this huge sum of money is released, it’s not just going to go into the hands of the mafia (for instance).  The laws have been passed;  they have been agreed upon, but not implemented. The people in the streets are agitating for that – they want them to actually take action.  They could come up with more of these laws every day, because this person wouldn’t quit, or that MP is talking about resigning so another person can take his spot. I think they should GO and then enforce it.  They don’t have the penalties for corruption because they’ve always had that.  Iraq cannot wait for every little thing because they have been waiting for too long already.  People are getting upset;  their economy and our economy is being affected, and they cannot stay on the brink for any longer. 
I’ve had calls for years with the person wanting to sell back their dinar, or their spouse wants them to sell it, and I always say NO.  Whether you realize it or not, this is still your future.  You can throw it away if you want to, but I’m going to sit here until something I KNOW is going to happen actually happens.  I’m going to wait!
Caller:  Let’s hope we have patience and don’t run out of money waiting.
313 caller:  I’m just waiting – it could happen any day, right?
Tony:  It could happen any minute, any hour, any day, although from what I’m hearing, I don’t expect it today.  I am not going to give you the date and time I’ve heard, because then I get complaints afterwards.  I try not to affect the situation, so that they don’t dig their heels in and refuse to do it then because they don’t want me to be right!  I do feel confident about the timing and the plan and what’s out there.  I have a higher level of conviction based on the meetings last weekend that gave Iraq the green light to go.  We have heard that before, and it didn’t go.  But tomorrow is the start of a new month, too.  Nobody knows why Iraq hasn’t pulled the trigger or what we are waiting on, apart from the people at the heart of this process.  Nobody is fighting, preparations are being made, the system is tested, a few people went to the bank over the weekend and there were live rates… so none of that is the problem.  And yes, dong is still in the basket.
404 caller:  Have they told you the steps that constitute the green light and how many people are involved in that?
Tony:  Five people met last Sunday, all were in agreement and the green light was given.
Caller:  Bond sales have been extended through September – does that have an impact?
Tony:  Nobody is buying the bonds because of what is going on in the streets over there.  Until someone does something, until they change the rates and get the people off the streets, nobody’s going to buy Iraqi bonds.
Caller:  What about the revised credit rating for Iraq?
Tony:  Once the RV happens, I think that credit rating will change as well.
Caller:  You say the banking system is on high alert – is that everywhere or just the US?
Tony:  The banks were open in Iraq on Saturday, because they thought this would go, and then they closed early.  The banks here are on high alert, told that this will happen this week.  So this is a worldwide banking situation.
Caller:  Vegas, Vegas, Vegas!  May this happen this week!
410 caller:  I’m glad everyone is excited and that you see the end of this.  You mentioned this will roll out in stages – what do you mean by that?  You said we will be the first stage – do you mean the internet group?  Or all the dinarians?
Tony: They look at Dinarland as being us and the legitimate groups, and we will all go at the exact same time.  They will process them differently, because the groups have so many levels to go through before people see their money, while the rest will see their money in their accounts when they walk out of the bank. There are different ways they set their appointments, larger and smaller accounts, and how they move people might even go by regions because of the timeline. They may break it down like that.  I cannot tell you exactly because again they would be mad.
Caller: So I suppose that there are other things going on in the banks because of those stages. 
Tony:  They expect us to get through in the first five days, and then it will get stretched out.  Right there in the beginning, they will be competitive also.  Last Monday, they started a bunch of high-interest rate programs for the high-dollar depositors, and “this is what you should direct them to”. That’s what they are setting up and training their staff to do all last week and even today.  That doesn’t mean you will have more than 20 minutes;  it means you should be doing your homework right now.  You should be talking to the banks right now saying you have an inheritance coming up, and have at least an idea of which bank you want to work with.  It doesn’t hurt to let them know you know they are in competition, and you want to know the rates and what they can do for you compared to other banks. 
I was talking to someone over the weekend about the various countries depegging, and he asked if the prospect of a weakening dollar makes a difference, if he should even exchange right now.  If I am spending US dollars, then I always want more dollars, regardless of what the dollar is technically worth.  The dollar is strong right now, so I would be getting every dollar I could get.  Then when it weakens again, which it will, then I will exchange for more dollars because the other currencies will come up.  It’s common sense – you just have to sit and work it out.
Now, if you have done your homework, and you have a sense of the issues, then you can have a sensible discussion when you go to the bank. But you need to do it now.
Caller:  So if they have the green light, why didn’t they go?
Tony:  I don’t know.  If they get the green light in the next 24-48 hours, then something always happens and they decide they have to go back and look at it.  As much as we want this to happen, there are people out there who absolutely do NOT want this to happen. There are people in the banking systems and in the GOI who want to get rid of the corruption, but don’t want to give up their own power.  Iraqi government voted unanimously to give up the corruption and those position, but the minute they walked out, they said, “Yes, but…”  If they would just push the button and clean it up afterwards, that would work a lot better.  This is their country, and they are trying to make it a perfect system before they activate, and that is the problem.  But we are expecting them to do something that we haven’t managed to do perfectly in 200+ years.  But until they do it, they cannot have this money – or until they are forced into these changes.  The ones that want it to be perfect probably won’t even be around then.
601 caller:  Is Maliki still under impediment? 
Tony:  We’ve heard all sorts of things:  that he and his son have been arrested, there are more charges, they took his plane and palace, that someone is resigning from Parliament so that Maliki can take his place, etc.  But until they take action, the talk doesn’t mean much.  Those are things they cannot wait on for the RV. 
Caller:  I’ve always thought M would have to be gone and Shabibi would have to come back before this RV happens.
Tony:  Shabibi may not be officially doing this, but he is definitely there, and he got competent people in there.  I see him going around enjoying his life, confident that the government will exchange with the right laws in place.
803 caller:  What kind of influence does Maliki still have;  could he be part of the slow down?
Tony:  I assume he still has a lot of influence and that’s why they want him still in Parliament. 
Caller:  I live in a rural community  and have tried to develop relationships with the tier 1 banks around here. WF has reorganized their foreign currencies.  Any way to find the exchange locations for those of us without a lot of choices?
Tony:  Different banks operate in different ways, so I don’t know.  Some exchange places won’t be at banks at all – they’ll be real estate or investment or office locations for those banks.  Some will be converted retails spaces that have been remodeled just to take the numbers, and they will be shut down afterwards. It’s gong to be like a cattle call. If you are in a rural area and you call, and they ask you the specific question, they will assign you a specific location depending on your current location and how much you have. Each location depends on the amount you have to exchange.  That’s why you need to do your homework now to have the right questions:  what rates?  What can you do for me? What are the fees, if any?  If you can get those answers, you can choose to stay there or go to another bank that you feel will treat you better.
Caller:  I’m thinking to ask about the fees first and then the rate.
Tony:  I don’t’ think it matters what order you ask the questions.  The fees might vary according to the rate, and vice versa.  When you meet with the wealth manager, they have authority to negotiate on the rates, the fees, the times and perks.  You might want to check at least some of that beforehand.
Caller:  What if you have three different zip codes?
Tony:  Why would you want three different zip codes?  You have to give them some kind of ID, and you’ll have to show that when you go to the bank, otherwise they won’t keep the appointment.
602 caller:  You said something about possibly exchanging in regions;  does that mean that there will NOT be a central 800 number?
Tony:  I don’t know.  I imagine that they will start on the East Coast, so that people in California will not be standing outside the banks at 6am.  Some countries are doing it by regions, just to handle the crowds.  Here it’s more what designation you are getting, rather than by groups, and you can be designated in different ways.  They will put people first, second, third, but not in ‘groups’ per se.  Maybe category is the better word.
Caller:  I imagine they see all the TNT crowd as a group.  What are we looking for in the market?  Oil or currency rates?
Tony:  They were saying this will not happen until oil is 12%, and it’s down 11.5%.  However, oil is still higher than the original price this was negotiated for, so that’s not the relevant price.  The market is affecting it, but criteria haven’t changed. 
Pam:  I’m not prepared, but I will say that we need to be prepared (as Daz and Ray both say) and we need to get ready (as Tony says). You guys have been listening to these calls and you know this stuff.  Look forward, not backwards, and let’s make this happen!
RayRen:  This is Marvelous Monday and looking forward to Terrific Tuesday.
Tony: Things are really good.  I got some more cards and ideas for the TNT Super-fantastic when you are helping people, using stamps, or hashtags, as we are paying it forward, so we can see it.  I really don’t’ think it will happen today but I do think it will be this week. They are saying it in Iraq and here;  the green light has been given and every-thing is in place. Maybe a few more laws would be great, but it’s not required.  The numbers, banking system and currency are all there.  There is a video with the CBI saying they are still going to delete the three zeros and it will take.  In the mosques, on television, on the radio and other media, Iraq is still saying ‘this week’, so …
Thank you for being here, and enjoy the rest of your day.  I hope/pray this is the last call like this and the last week we do these calls, but anything can happen.  Enjoy the rest of your day – thanks.

BLC NEWS DISCUSSION, 31 AUGUST

Morning News Comments 08/31/2015

Central extend the period of the bond sale to finance and sell more than $ 212 million in auction 

[tlm724] "The bank said it" will sell the bonds in Iraqi dinars at a price of 1095 dinars per dollar and payable by the Ministry Finance in the February 28, 2017 to be paid in dollars maturity.

[tlm724] interesting ! buy the bonds in dinar BUT get paid back in US dollars !!!!!!!!!! now that something to chew on, why pay in dollars ? Are the dinars gonna be worth much more by the time these bonds mature in 2017 ???????? just askin Wink

~~~
In the parliamentary economy reveals the most prominent member of the investment law amendments, including the International Arbitration 

[tlm724] before the amendment of the Investment Law was invested when you get him the problem with the Commission a complaint to the Iraqi courts only and this was worried about him the investor

[tlm724] that means with this new amendment the investor can seek legal recourse outside of Iraq and with the amount of investment that will come with the passage of this law that is very important !

[tlm724] the addition of several paragraphs of the investment law in order to strengthen the economy and investment in Iraq and the country no longer be dependent on imports of oil only

[tlm724] The second draft amendment to the investment law will be presented to the final vote in the coming period, and would be a great achievement of the legislative side of the Iraqi economy,"

stressing that "the introduction of a number of radical law changes, which will be an important factor in creating excellent investment environment and meet the aspiration of all parties. "

[Shredd] "...which will be an important factor in creating excellent investment environment and meet the aspiration of all parties."

That is for sure. When the investment laws are passed, that will truly open opportunities for investors who have been waiting for protections.

The banking side has come a long way regarding balances and conversion protections, and now with these laws passed, will position Iraq for some much needed stimulus. Investment = lending = borrowing = commerce = jobs = revenue = taxes

That's a win/win!

~~~

Kikhany: Project simplification of procedures step towards modernizing management, reform and attract domestic and foreign investment

[tlm724] "the government's measures to simplify project is a step towards modernizing management, reform and attract domestic and foreign investment."

[tlm724] opening new horizons *hallelujah*
Finance discussed the draft law combating money laundering and terrorism financing 
Picture
[tlm724] The meeting discussed the host chief prosecutor at the Supreme Judicial Council and officials of money laundering in the Supreme Judicial Council and the Central Bank and the National Intelligence Service and the Office of Financial Supervision file to discuss the draft anti-money laundering law and the financing of terrorism.

~~~

Legal expert: Iraqi constitution and the reforms needed to address its problems

[tlm724] they do need to tweak their constitution a bit like get rid of the article that gives MP's immunity !

[tlm724] that would be a great start. There is alot going on with Maliki and his seat in parliament as well as Najafi and Allawi. I believe this is in the hands of the judiciary now so we'll have to see how that plays out ! 

Iraqi Dinar Currency Would Not Face Downfall in Future: DG CBI, 31 AUGUST

Iraqi Dinar 123 News:– The British newspaper Bloomberg published on Wednesday that Iraqi Central Bank’s foreign currency reserves showed downfall in the first six month, January to July 2015, with a decrease of 59 billion U.S dollars. It is also said that Iraqi dinar currency is considered as one of the risky currencies in the Middle East region. The Director General of Iraqi Central Bank stressed that Iraqi dinar currency value will not cut down because we have a handsome amount of foreign currencies cash reserves and Iraqi is the 2nd largest oil produced after Saudi Arabia in OPEC. Iraq is much dependant on its oil exports and revenues generated by its oil exports used for country’s economic needs and in financing military operations against militants and Daash terrorists.

A number of speculators predicted about decline in the value of Iraqi dinar because of declining foreign currencies cash reserves, but we have a large amount of gold reserves and a considerable amount of foreign currency cash reserves. The newspaper Bloomberg said that Iraqi foreign currencies cash reserves declined at 59 billion U.S dollars since 1st January to 23rd August 2015. It is also said that Iraqi Central Bank has sold more than 4.6 billion U.S dollars in first 25 days in the month of August 2015 with an average of 184 million U.S dollars per day, in order to stabilize and maintain the Iraqi dinar exchange rate. The DG of CBI also said that Iraqi Central Bank is pressuring the Iraqi government to print new Iraqi dinar currencies to cover 30 billion U.S dollars Iraqi budget deficit and CBI announced its plan to issue 6 billion U.S dollars sovereign bonds, followed by 1.2 billion U.S dollars from the IMF.

KTFA CHAT MORE UPDATES , 31 AUGUST

KTFA:

Dnari131: 
 The bonds are like a hungry man being fed a tablespoon of okra that hasn't seen food in ages. Quite fascinating to see Iraq play with bonds that will make no difference to their bottom line imo..they've got much bigger problems

Aggiedad77:  Good Morning Family......just from this page we see that Dr. S is wanting his name cleared from the false accusations made against him by the previous administration.....the Iraqi government continues to lean on and play ball with the US which I am sure does not bode well with the Iranians who were already riled up at being rebuffed last week by PM Abadi and the religious clerics......

Seems that the COM is muddying the waters for any attempts by Maliki or the other VP's to re-enter Parliament.....and we have the three big boys....

President Masum, PM Abadi, and Speaker Jubouri all meeting today to discuss reforms and whatever else they get the urge to bring up.....where are the fireflies for this meeting.....oh and the Investment Law sounds like it might be ready to be teed up today.....we shall see.....

And don't forget about the Anti-Money Laundering Law.....where and when will it surface in Parliament.....the clock is ticking.

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

Rowdy64:  Ok...so what happen to them being black listed on Oct.1st.

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

Walkingstick:  Legal expert: the return of Nuri al-Maliki to parliament does not mean innocence
By Mustafa Curran 24 minutes ago

Roudao - Baghdad

considered the legal expert Tareq Harb, on Monday, that the renewal of confidence to Nouri al-Maliki, a deputy in the Iraqi parliament does not mean innocence.

He spoke of war for the network Roudao media, said that "the return of Nuri al-Maliki's deputy in the Iraqi parliament ordered carries no legal violation, while does not mean therefore acquitted of the charges against him. "He explained that the court can demand of the Iraqi parliament lift the immunity of al-Maliki and submit it to eliminate about the charges against him. and provided the commission of inquiry in the fall of Mosul, the final results to the Iraqi Council of Representatives, where the report Nuri al-Maliki name of the accused caused the fall Mosul, under the control of Daash., who controlled the "Islamic state" Daash the city of Mosul (Nineveh province) in June 2014 after a large withdrawal of Iraqi forces. The report stated that the former prime minister Nuri al-Maliki face his orders to Iraqi Army to withdraw from the city of Mosul (400 km north of the capital Baghdad).

http://rudaw.net/arabic/middleeast/iraq/310820156

TNT CHAT UPDATE, 31 AUGUST

TNT:
Iko Ward:  So far everyone is minding their P's and Q's. Asia and Europe down just a little. Footsie closed today. ISX up a notch. Saudi's down a notch. Forex back to 1119.4 (As long as they polled down I'll take it) Conclusion? We're still on hold.

Fullofhope:
  IKO who do you think is really in charge of flipping the rv switch?

Martha:  Are we all ready for a very interesting week?

JerseyBoys:
  Martha, just how interesting do you think this week will be? Can you elaborate?

Martha:  okay we are about to see the death of the fiat currency
....
Iraq is ready to go

China has helped to start this happening and we can only watch BUT it should not effect the RV in that the whole world needs it and of course Iraq is still the lynch pin

Gang I am not calling dates but the reality of what we are seeing and if means one more week or a few more days until Thurs then I am in for the ride

These are uncharted waters for me. I spent all weekend reading and trying to see where we are

You must realize that there are still those who don't want this to happen and they are still trying to stop things

The banking laws are done, security is in place the HCL has been completed a long time ago but everything NEEDS MONEY AT A REAL RATE

Look back at all the dates and the reasons things should have happened but did and didn't then you will realize what has been going on in the world that has taken us to this point

The IMF is broke and we are so far in debt, wouldn't it be nice to have a cleared budget on Oct 1,

The US cant raise interest rates because they would have to print more money

Fitzgerald:
  MARTHA??? DOES THE USA NEED TO DO THIS IN ORDER TO SAVE FACE??????

Driftcurrent:  Fitz I think the US will have no choice

JerseyBoys
:  Iraq is no longer the one to "push the button" though anymore, are they? Isn't it in the hands of the IMF (and probably the US)?

Martha:
  my question is this if the bonds could be released at any time and Frank says against the tues-thurs scenario than will we see it 2morrow the first or next Tuesday the 8th which follows our holiday weekend but lets hope sooner

Look back at all the dates and the reasons things should have happened but did and didn't then you will realize what has been going on in the world that has taken us to this point

Doetracker:  Martha. What is the reason behind the people you say don't want this to happen when it is a global event?

Martha:  The world want it's it but in reality it is the US and the PTB that are still holding out in a sense and until they wake up and change their ways we are stuck in a vicious cycle.

JV:
  Martha, is it a few PTB that don't want more wealthy Americans?

Martha:  it's not about wealth but equal distribution

JV:  I so agree with you, Martha! But can they control the whole world's currency? I pray not.

Martha:
  No they cant and thus the need for this re-alignment and the release of asset backed currencies….. there are those who still dont get it and they will lose all that they have gained…. The financial world still doesnt see it and they are still looking at playing games by hedging their bets

martha :   realize this, that all the past dates we have looked at, things did happen, it was should have but didn't for reasons that varied including those that are way beyond our pay grades but at this point, China has pushed and the US has nowhere to go, so you figure it out. Iraq is more than ready.

JV:  What gives me hope is that good will defeat evil. There is so much good that many of us want to do and will do.

June1:  Martha - the world today - the people with the rage - the horrible terrible things that are happening everyday- the changes those are trying to make in what we can say what we can do what we can not do that have absoutely nothing to represent what America always stood for - freedom and pride of being living in the US -lost because bad people want the control and distruction of this. We have to fix it all!!

Martha:  June you are so right. Our constitution has been mutilated and for what? For control, power and money…. June we need to stay VERY positive. God does have a plan and with a little nudge from the Chinese, Brics and the rest of the world it is coming together

Martha:  gang if you read franks post about the bonds very carefully you see that Iraq ishedging their bets for the RV since we know they are ready and it is still timing

June1
:  Martha let us say from what elmer told us last night the market might crash today - if that were to be - what happens than - with the US AND CERTAINLY iRAQ AND THE WORLD FOR THIS RV - how long how fast do you think they would than react to finally get the RV ON BOARD??

Martha:  IMO June this would be a perfect time to work the re-instatement/ RV in....The markets will continue to go down this week…. The US is headed for more corrections but how far we go is yet to be seen and will it be a free fall and if we have a total crash is yet to be seen

June1:
  Martha what is confusing to me is this - but as I am writing this - I think I do know - if market crashes - RV happens than immediately the stock market is reborn we do get the top value of our investment because now all is good -right?

Martha:
  the US is getting a wake up call and the ptb know what they must do but if they dont do it then we are destined for the blackest of times perhaps a true depression…. we have all become experts and we know to much for our own good but we will be the ones to lead others out of this pending doom and gloom

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

SassyD:  Central banks can’t save the markets from a crash. They shouldn’t even​ try --http://www.theguardian.com/business/2015/aug/30/central-banks-cant-sav​e-markets-crash-shouldnt-try

SassyD : NOTE: in Mar 2015 there were only 37 listed companies  -….now there is 98   http://www.iraq-businessnews.com/2015/03/09/iraq-stock-market-report-1​45/    
  
SassyD : Iraqi indicators go up at the end of session -- August 31, 20​15 13:53 --http://www.faceiraq.com/inews.php​?id=4141427