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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, September 1, 2015

TNT CHAT WITH ELMERF123456, 1 SEPT

First, PLEASE take into account before you read, ( as per Elmerf) that all content below is of "personal opinion".

Elmerf All the pieces of this puzzle are already in place. Now we wait for the hanging on the wall and I personally don't believe that will be long now. Chafe is crying louder each day. Not just Iraq but now globally. It's happening right before your very eyes and new history unfolding.


Elmerf June we have talked about the importance of laws. All is being put into play and markets are screaming. Coincidence. Maybe. But then again maybe not. It's all part of the big picture. And change is inevitable from a Global perspective.


Elmerf Markets are screaming on a world stage.


Security and fair distribution of that security in the roles that play into the sects in country.


It all boils down to a political change in climate and to end corruption in every facet of the country. A big challenge but one that Abadi is up to the task


Elmerf We've been led to think this has stopped and started. I don't believe that. I believe this is a progression and it's all coming to a head.


Elmerf Greengage that someone or entity has an ego. Egos can only withstand so much pressure... Then they have to yield. I can't say anymore. This is my opinion but we are seeing the results now from a failed system that WILL CHANGE although we have to feel pain first.

Elmerf  This is way bigger than Maliki.


It is very possible that we can see the Dow drop below 16000 today, we will watch and see.


The correction rule 48 stopped it at 16124 close to 16k. Let's see if it holds. IMO it won't.

Corey  said KEEPING SCORE: The Dow Jones industrial average lost 357 points, or 2.1 percent, to 16,177 as of 10:02 a.m. Eastern time. The Standard & Poor's 500 index lost 41 points, or 2.1 percent, to 1,931 and the Nasdaq composite fell 83 points, or 2.8 percent, to 4,691.

Iko Ward wrote 
1h ago
Not sure if today is the day but pretty sure this week is the week.
elmerf123456 wrote 
1h ago
IKO I agree.
Iko Ward wrote 
1h ago
FTSE just broke 3%
Iko Ward wrote 
50m ago
Looks like Europe is beginning to sell
Iko Ward wrote 
48m ago
Oil coming down by the minute


JJF...people are getting out of the stock market, trying to gain better cash positions.


Iko Ward wrote 
46m ago
Glad I don't have any investments to speak of right now cause I'd be biting my fingers down to the first nuckle
 
Iko Ward wrote 
43m ago
OKjhawk...better to use WTI report. Up to the minute and world wide
pieeyePOP wrote 
59m ago
@Elmer.. at what point does the Dow stop trading?...Is that correction rule 48? Thank you
elmerf123456 wrote 
57m ago
Depends on how much pressure they can absorb.
Iko Ward wrote 
54m ago
OK, DAX just broke 3%. FTSE at 3.3%. Let's see in the French wake up and follow suit.
elmerf123456 wrote 
15m ago
If it hasn't been said in here .......Happy Birthday Tish. Thanks for your contributions
elmerf123456 wrote 
43s ago
Rkstx. I just share what I think and if it works out as it has been, then I see our conclusion.

elmerf123456 wrote 
13m ago
Don't panic. This has to happen.

timth2Lman wrote 
13m ago
ElmerF....wow! that makes sense. So if i understand you right....the fiat system we have is dying for something new and that new would be the anticipated GCR???
elmerf123456 wrote 
12m ago
You got it. This isn't just about Iraq. This is global.
elmerf123456 wrote 
7m ago
Now you know the rest of the story.

MY LADIES CHAT UPDATE, 1 SEPT

LM: Why are we so focused on Iraq all of a sudden? The Global picture is a mess and it seems there is a plan and a financial war going on and a new system being put into place. Call it Duke & Duke/ cabal/ whatever…

Something massive is changing and when that is sorted out, Iraq will be allowed to re-price. Could be any minute, or any month… IMHO (f)

Also, are any of you smart banking folks hearing that margin calls on derivatives are due this week, and the big banks can’t pay them? Could be Dinarland fodder, but is there validity to it?

Thanks in advance.  I will go back to lurking now (chuckle)
Joey:  This is very interesting, why should bonds be selling when many Central Banks are not paying bondholders and this has set a precedence as holding up in court.  As with Argentina.  Are we just waiting for the crash and the new beginning with the SDR???

Joey: 
 Per Bloomberg on TV. Central Bank of Argentina which has bonds held in New York City doesn't have to pay the bond holders any money.  Been on more than once today.,

This was a court decision

MEMPHIS:  Not directly but then again these contracts are always rolling over so I am not sure what significance any given week might have.

What I have been hearing tho is that derivatives contracts specifically in the oil/energy sector are under immense pressure.  [We should note that this has been building thruout 2015, not any type of sudden onset.]

The concern here is that once bank A cannot meet an obligation to pay $ to bank B then Bank B will in turn be unable to meet obligations to bank C who in turn owes $ to bank A....

You get the point.  IF such a thing is truly nearing the breaking point it will makes some waves for sure but will not be the end of all things either.  Simply another example (manifestation) of excess capital being destroyed as the worlds economy contracts.

I know this is not a direct answer to your Q but it's all I have at present!  Either way. I guess my point here is that we should FULLY expect the ongoing deflation in the energy sector to be made manifest in the not too distant future.  (handshake)

Joey:
  TY Memphis!!!

MEMPHIS:  Notice that I carefully avoided the "I" word?  Trying to present a more cheery brighter side to things and the word "INSOLVENT" is so hard to mix into polite conversation!

Joey:
  TY Memphis, well put.  It's the typical Humpty-Dumpty syndrome and nobody could put it back together again.

MVL:  Thanks, Memphis. Death pangs of the old system, alongside birthing pains of the new, I believe.

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

Sager:
  On 2015-08-31, at 9:53 PM, - SAGER - wrote:

> 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: TO FURTHER COMMENT ON THIS… IRAN SAYS “WORLD” POWERS???! WORLD POWERS HAVE AGREED TO IMMEDIATELY LIFT ALL SANCTIONS ON IRAN?

WHO ARE THESE WORLD POWERS? DOES THAT INCLUDE THE US???

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

More News Around the World:

PrincessDD:  Turmoil in China, weak inflation may open door for more stimulus from European Central Bank  http://www.usnews.com/news/business/articles/2015/09/01/wobbly-euro-economy-may-get-bigger-push-from-central-bank

Princess DD: Grexit may be better for Greece: Euro architect
https://www.cnbc.com/2015/09/01/grexit-may-be-better-for-greece-euro-architect.html

Princess DD: September is shaping up as the Fed's worst nightmare   http://www.msn.com/en-us/money/markets/september-is-shaping-up-as-the-feds-worst-nightmare/ar-AAdNPdW?li=AA4Zjn

Princess DD: Stocks Slide as Global Growth Angst Deepens; Treasuries Climbhttp://www.bloomberg.com/news/articles/2015-08-31/u-s-futures-signal-more-losses-with-markets-bruised-by-selloff

Princess DD: Lifting Sanctions Won’t Help If Domestic Economy Is Weak’: Iranian Deputy Foreign Minister http://www.ibtimes.com/lifting-sanctions-wont-help-if-domestic-economy-weak-iranian-deputy-foreign-minister-2076808

Princess DD: The impact of lifting Iranian sanctions 
https://gulfbusiness.com/2015/09/impact-lifting-iranian-sanctions/

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

Princess DD: Iran not to forget friends after sanctions

Tue 01 September 2015 04:23 GMT | -1:23 Local Time

An official says Iran’s economy will grow whether sanctions are lifted or not and that Tehran will not forget those countries which maintained relations during the worst of times.http://www.news.az/articles/iran/100753

Princess DD: Iran Nuclear Deal Gains Momentum With Endorsements of Four House Democrats http://www.nytimes.com/2015/09/01/us/politics/four-house-democrats-endorse-iran-deal.html?_r=0

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

Princess DD: UPDATE 3-China c.bank to clamp down on forwards trading to curb yuan depreciation http://www.reuters.com/article/2015/09/01/china-yuan-reserves-idUSL4N11719420150901

Princess DD: The hang seng closed down 481 points

Princess DD:  IMF chief warns of slower growth after China shockwaves

Christine Lagarde thinks Asian economies could continue to lose momentum following recent turmoil on global markets  http://www.theguardian.com/business/2015/sep/01/imf-chief-warns-of-slower-growth-after-china-shockwaves

Princess DD: IMF's Lagarde sees weaker than expected global economic growthhttp://www.reuters.com/article/2015/09/01/us-imf-economy-idUSKCN0R130K20150901

Princess DD: IMF poised to cut growth forecasts as emerging markets face triple threat

Christine Lagarde says emerging market economies face being caught on the "wrong side" of slower growth in China, weaker commodity prices and the prospect of higher US interest rates http://www.telegraph.co.uk/finance/economics/11836134/IMF-poised-to-cut-growth-forecasts-as-emerging-markets-face-triple-threat.html

Princess DD: IMF warns emerging economies must be vigilant on China slowdownhttps://news.yahoo.com/imf-warns-emerging-economies-must-vigilant-china-slowdown-103414442--finance.html

Princess DD: Indonesia is better prepared to face global volatility-IMF headhttp://www.reuters.com/article/2015/09/01/imf-indonesia-idUSJ9N0ZG00Z20150901

Princess DD: IMF Says China Economy Slows; Caixin China PMI Collapses - 24/7 Wall St.http://247wallst.com/economy/2015/09/01/imf-says-china-economy-slows-caixin-china-pmi-collapses/#ixzz3kUMnNw3R

Princess DD: IMF reassesses global growth prospectshttps://www.rte.ie/news/business/2015/0901/724907-imf-reassesses-global-growth-prospects/

Princess DD: IMF Director Christina Lagarde Visits Indonesia for Conference, Not for Loan Talks http://www.indonesia-investments.com/news/todays-headlines/imf-director-christina-lagarde-visits-indonesia-for-conference-not-for-loan-talks/item5883
PrincessDD:  Indonesia in good position to weather economic storm: IMF chief

IMF's managing director Christine Lagarde says Indonesia should take advantage of its young population to boost its growth.  http://www.channelnewsasia.com/news/business/indonesia-in-good/2091988.html

PrincessDD:  Opinion: No Indonesian Welcome Mat for the IMF  http://www.asiasentinel.com/opinion/indonesian-welcome-mat-imf/

PrincessDD:  Global economic growth may be weaker than expected: IMF The IMF in July forecast global growth at 3.3 percent this year, slightly below last year's 3.4 percent.  http://www.moneycontrol.com/news/world-news/global-economic-growth-may-be-weaker-than-expeced-imf_2856521.html?utm_source=ref_article

PrincessDD:  FULL TEXT: Christine Lagarde on Indonesia’s Economic Potential

International Monetary Fund Managing Director Christine Lagarde tells the youth they are the 'change agents' that will propel Indonesia to greater heights  
http://www.rappler.com/indonesia/104374-christine-lagarde-imf-pidato-ui

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MVL:  UAE Banks addicted to government debt...    http://m.arabianbusiness.com/beating-state-debt-addiction-proves-hard-for-uae-banks-604702.html

MVL:  Iranian Parliament Speaker claims Iran is ready for major economic growth...http://english.farsnews.com/newstext.aspx?nn=13940610001109

MVL:  UN's Ban Kay Moon wants Iran to be a larger player in the sandbox...http://english.farsnews.com/newstext.aspx?nn=13940610001017

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

Princess DD: IMF to cut global growth forecasthttp://www.freshbusinessthinking.com/news.php?NID=26956&Title=IMF+to+cut+global+growth+forecast#.VeWc7LPL9z0

Princess DD: RI will handle current economic turmoil well: IMF chiefhttps://www.antaranews.com/en/news/100247/ri-will-handle-current-economic-turmoil-well-imf-chie

MVL:  Dividing Baghdad into "zones", in another attempt at what passes for stability in the Capitol... http://www.aa.com.tr/en/rss/585250--baghdad-adopts-new-security-plan-amid-ongoing-violence

DEALER OF IRAQI DINAR IN PUERTO RICO UPDATE, 1 SEPT

DEALER OF IRAQI DINAR IN PUERTO RICO : More Investment for Iraq. Excellent ... !! God is Good.
Investment Opportunity in New Baghdad Power Plant - Iraq's Ministry of Electricity has invited investment in a new power station ...

Investment Opportunity in New Baghdad Power Plant
By John Lee. Iraq's Ministry of Electricity has invited investment in a new power station at al-Yusufiyah, in Baghdad. The contract for the 1200-1400 MW plant will be Granted ...

SPANISH
Mas Inversiones para Iraq. Excelente...!! God is Good.
Investment Opportunity in New Baghdad Power Plant - Iraq’s Ministry of Electricity has invited investment in a new power station...
By John Lee. Iraq’s Ministry of Electricity has invited investment in a new power station at al-Yusufiyah, in Baghdad. The contract for the 1200-1400 MW plant will be granted...
IRAQ-BUSINESSNEWS.COM

DINAR GURUS UPDATE, 1 SEPT

9-1-2015   Newshound/Intel Guru BGG   "Iraqi Prime Minister Haidar Al-Abbadi, a heavy legacy of corruption and corrupt people piled up during the reign of his predecessor, Nouri al-Maliki, making way for reforms is filled with obstacles and mines."  "Al-Ibadi form special committees to open files of the Central Bank, Sinan Al-Shabibi sacked former County, and marred by charges of him by mafia corruption that dominated in that period."  WOW - that's some good stuff there!!   That seems - while mentioning the CBI - that it is more about a "broad based" corruption probe. Nice that it points out "looking into the Shabibi accusations"... GREAT!!   the reason being - it is the very CORE of why we are still here.  fix that - this thing is over.  [How long after M is gone will it be before an RV will take place?]  Iraq needs value BAD!!  it can be quick.

9-1-2015   Intel Guru Hub
   ...they said they wanted to develop the social sections of the economy in the next 4 years this is about right...but for a country like iraq to only see a 50% increase in the next 15 years is a very slow growth with their resources, then they want to have experts come in to help set up the infrastructures for iraq, now how in the world will 1166 to 1 currency entice any growth or any experts to come to iraq to straighten them out.  ...with out a tradable, non-exotic recognized currency none of this will be accomplished.  as far as if it is a economy growth or isx, i am not sure...but to obtain 50% in 15 years with oil, gold, ag, and all the other stuff seems to be very conservative...they need to get off  high center and get after it.   ...the simplistic economy lesson is how much does it take to by a coke. in us dollars we take $1.50, canada 1.70, in mexico 15 pesos, in iraq 100 dinar so the answer is ok go to the bank or store or dairy queen and buy a coke with dinar...nope, wont work, so this is the dilemma for iraq...make your money worth something.
9-1-2015   Newshound Guru Millionday   [HOW LONG DO YOU THINK IT WILL TAKE TO GET THE KEY LAWS IN PLACE AND ALL PUBLISHED >> PASSED?]  ACCORDING TO SOME REPORTS IT IS EXPECTED WITHIN DAYS OR WEEKS BUT NOT LONG -- WITHIN A MONTH BUT WE HAVE NO WAY OF KNOWING EXCEPT TO SEE IT DONE.

9-1-2015   Newshound/Intel Guru Bluedog
   Article:  "Three presidencies confirm the approval of the National Guard and federal with economic reforms"  "The meeting saw "the importance of the completion of key legislation, including the National Guard and the Federal Court and national reconciliation laws."  NOW WE WATCH WHEN WILL THEY VOTE ON IT AND I AM SURE IT WILL BE UNANIMOUS VOTE THAT WILL ONLY TAKE ONE VOTE ...THEN WE WAIT TO SEE WHEN IT IS ENACTED SHOULD BE VERY QUICK IMO.

9-1-2015   Intel/Newshound Guru Poppy3
  LOOKING AS NEXT BEST OPEN WINDOW WILL TAKE ABADI TILL OCT TO GET THE WINDOW OPEN.  HE JUST HAS SO MANY MOVES TO MAKE I JUST FEEL HE NEEDS MORE TIME TO REMOVE OBSTRUCTIONS AND GET POSITION PEOPLE TO COMPLETE THE TASK BEFORE HIM.  ...HE HAS MADE GREAT PROGRESS BUT STILL HAVE SEVERAL HURDLES TO CLEAR...  HE WILL GET THE JOB DONE BUT WE HAVE TO GIVE HIM THE TIME TO DO IT RIGHT.  

9-1-2015   Newshound/Intel Guru BGG   
  In summation - "Abadi must also ensure that his predecessor stands trial for his corruption and the failures that helped empower Sunni extremists — and led to the catastrophe that has unfolded in Iraq". That is the way to end it... How does this help us?   first - with Maliki, Mahmoud and Alak gone - the true obstruction is gone and the door for Monetary and Economic reform (both critical to Iraq's very survival) is wide open!  [post 3 of 3]

9-1-2015   Newshound/Intel Guru BGG
   Quote:  "...Maliki is poised to lose his ceremonial post as one of Iraq’s three vice presidents under a series of reforms that the current prime minister, Haider al-Abadi, is trying to enact."   Or probably already has "lost his position"...there is NO WAY the WB/IMF will let this get overturned - Abadi will get worldwide support for this... it shows the very character of the struggle going on in Iraq RIGHT NOW.  I don't think Maliki will survive this onslaught...AND I think if anyone can "dethrone" Maliki from in front of the PMU - IT'S SISTANI!!  He's the driving force behind the support Abadi has and is the catalyst for these reforms!!   [post 2 of 3....stay tuned]

9-1-2015   Newshound/Intel Guru BGG
   Reuters Article  "...an Iraqi parliamentary report named Iraq’s former prime minister, Nouri al-Maliki, among dozens of officials responsible for the collapse of security forces and the fall of Mosul to Islamic State militants last summer."  This is MAINSTREAM - Iraqis now hope that Maliki and other officials will stand trial and be held to account for why militants were able to capture the northern city with so little resistance. (Maliki dismissed the parliamentary investigation as “worthless,” and he blamed Mosul’s fall on a conspiracy by Turkish and Kurdish leaders.)   they (many Iraqi's) are hopeful (we should be too...) he will stand trial.  

HUB TIDBITS, 1 SEPT

9-1-15 Hub: They said they wanted to develop the social sections of the economy in the next 4 years this is about right...but for a country like Iraq to only see a 50% increase in the next 15 years is a very slow growth with their resources, then they want to have experts come in to help set up the infrastructures for Iraq, now how in the world will 1166 to 1 currency entice any growth or any experts to come to Iraq to straighten them out.

Without a tradable, non-exotic recognized currency none of this will be accomplished. as far as if it is an economy growth or isx, I am not sure...but to obtain 50% in 15 years with oil, gold, ag, and all the other stuff seems to be very conservative...they need to get off high center and get after it. ...the simplistic economy lesson is how much does it take to by a coke. in us dollars we take $1.50, Canada 1.70, in Mexico 15 pesos, in Iraq 100 dinar so the answer is ok go to the bank or store or dairy queen and buy a coke with dinar...nope, won’t work, so this is the dilemma for Iraq...make your money worth something.

KTFA CHAT UPDATE, 1 SEPT

KTFA:

Pappa-J:
  Family you may not see the relevence as to why Doc and Thunder are posting these type of articles (See Article Below)  ------ THINK!!!! YOU JUST SAW HONG KONG TAKE A BEATING IN THE MARKET WHY?

THERE IS A NEW GLOBAL REALITY THAT IS FORMING ---- LOWER PRICING BECAUSE OF THE FACT THAT ALL CURRENCIES WILL BE ASSET BACKED.

THINK OF IT THIS WAY IF A BABY GETS TO MUCH AIR ALONG WITH IT'S MILK YOU NEED TO BURP IT RIGHT? TO DEFLATE THE TUMMY---

PARALLEL THE MARKETS THEY HAVE TO BE BURPED AS WELL JUST BURPED HK, NOW WATCH THE EU AND LAST BUT NOT LEAST THE US MARKET .

DOC HAS BEEN POINTING AND TELLING YOU FOR WEEKS --- PAINFUL IT MAY BE BUT PART OF A WELL CONSTRUCTED PLAN!!!!!       CONNECT THE DOTS!!!!!
.....
ThunderHawk :Backdoc Alert

Europe Stocks Selloff Deepens as Global Growth Worries Intensify

http://www.bloomberg.com/news/articles/2015-09-01/europe-equity-futures-drop-after-stocks-worst-month-in-4-years

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Islandg1211 : 
 Yesterday, I pointed my comments to the Bankers dozen, expecting better management, claiming that no, currency of any country isn't a speculative investment (day trading is).

A Dinar is a Dinar no matter who holds it or here, just like a Euro or USD. We, as U.S. Citizens have paid for Iraq's security and our military has sacrificed so much.

Today, Ron Paul is telling the Fed the same thing, ( See article below)  it's your fault, it was your responsibility to properly manage our market.

I like who is talking to and blaming - not the politicians .....not even Frank! I wish more could just take out their Dinar, USD, Pound, etc and say, "Stop speculating with the value of our money" to those who have the responsibility manage it.

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

Thunderhawk:  Ron Paul: Blame the Fed, Not China for Market Crash

Last week's historic stock market crash was caused not by China, but by the US Federal Reserve, according to former US Congressman Ron Paul.

In a column published on his website Sunday, Paul blamed the crash on flawed monetary policy from the Fed, and not on China’s recent currency devaluation, as many experts said.

"The Federal Reserve's inflationary policies distort the economy, creating bubbles, which in turn create a booming stock market and the illusion of widespread prosperity. Inevitably, the bubble bursts, the market crashes, and the economy sinks into a recession," said the former congressman from Texas.

An increasing number of American lawmakers have incorrectly proposed fixing flaws in the US monetary system by forcing the Fed to follow a "rules-based" monetary policy, Paul said.

"Forcing the Fed to 'follow a rule' does not change the fact that giving a secretive central bank the power to set interest rates is a recipe for economic chaos. Interest rates are the price of money, and, like all prices, they should be set by the market, not by a central bank and certainly not by Congress," he said.
Rather, Congress should begin restoring a free-market monetary system, according to Paul.

"The first step is to pass the Audit the Fed legislation so the people can finally learn the full truth about the Fed. Congress should also pass legislation ensuring individuals can use alternative currencies free of government harassment," said the former presidential candidate.

"When bubbles burst and recessions hit, Congress and the Federal Reserve should refrain from trying to 'stimulate' the economy via increased spending, corporate bailouts, and inflation. The only way the economy will ever fully recover is if Congress and the Fed allow the recession to run its course."

Not only is China not to blame for the crash, but Beijing’s large purchase of US Treasury notes helped the United States "postpone the day of reckoning," Paul continued.

"The main reason countries like China are eager to help finance our debt is the dollar’s world reserve currency status. However, there are signs that concerns over the US government’s fiscal irresponsibility and resentment of our foreign policy will cause another currency (or currencies) to replace the dollar as the world reserve currency. If this occurs, the US will face a major dollar crisis."

Moreover, many Americans falsely believe they must sacrifice their liberties in order to obtain economic and personal security, Paul said.

"Eventually the United States will have to abandon the warfare state, the welfare state, and the fiat money system that fuels leviathan's growth. Hopefully the change will happen because the ideas of liberty have triumphed, not because a major economic crisis leaves the government with no other choice."

http://sputniknews.com/us/20150831/1026411130.html

BLUEDOG UPDATE, 1 SEPT

BLUEDOG : Article: "Three presidencies confirm the approval of the National Guard and federal with economic reforms" "The meeting saw "the importance of the completion of key legislation, including the National Guard and the Federal Court and national reconciliation laws."

NOW WE WATCH WHEN WILL THEY VOTE ON IT AND I AM SURE IT WILL BE UNANIMOUS VOTE THAT WILL ONLY TAKE ONE VOTE ...THEN WE WAIT TO SEE WHEN IT IS ENACTED SHOULD BE VERY QUICK IMO.

*****

BACKDOC UPDATE , 1 SEPT

A SPECIAL THANKS TO THUNDERHAWK FOR HIS PICS AND CONVERSATIONS AS WELL AS PAPA J. AND PIANIST PAM FOR CONVERSATIONS!

WHO LET THE DOGS OUT?

EVERY TIME WE TURN AROUND WE HEAR ABOUT "THE DEAL". WHOS DEAL? THE UN’S DEAL?, THE UK’S DEAL?,THE SWISS’S DEAL?, OR THE U.S.’S DEAL? MMMM

WELL, THERE ARE A LOT OF COMPLICATED FORCES AT PLAY HERE SO LET’S WORK THROUGH A FEW SHALL WE? GOOD.

LET’S START WITH IRAQ SHALL WE? WE’VE BEEN WATCHING WITH GREAT EXCITEMENT AS THE SECOND REFORM PACKAGE PASSED.

WITH THE KEY REMAINING LAWS SLATED TO BE PICKED OFF LIKE A SNIPER ONE BY ONE, THE MOMENTUM IS BEGINNING TO BUILD.

OF COURSE THE KEY LAW TO RECONCILIATION IS THE NATIONAL GAURD LAW, JUST AS BLUE DOG SO ELOQUENTLY DESCRIBED. WITH ALL 3 TRIBES ESSENTIALLY BEING ABLE TO PROTECT THEIR OWN TURF, REAL PROGRESS WILL GO UNABATED.

AS A RESULT OF THIS LAW AND THE REVAMPING OF THE JUDICIAL BENCH, THE MONEY LAUNDERING LAW LAW WILL SHINE LIKE A LIGHT IN A DARK ROOM AS WE WATCH THE COCKROACHES RUN TO HIDE IN DARK CORNERS AS MY BROTHER SAID. HEE HEE, I AGREE!

THE REAL ISSUE IN IRAQ IS MOSTLY TIMING AS THEY BEGIN TO SPREAD THE REMAINING PROCESS OUT! WHY SLOW DOWN NOW? AHHH WELL, A DEAL IS NOT A DEAL UNLESS ITS GOOD FOR BOTH SIDES!

WELL, WHAT TWO SIDES? THERE ARE A COUPLE OF TWO SIDES! LET ME EXPLAIN.

THE EMPIRE IS MAKING A DEAL WITH IRAN TO RECOVER THEIR BILLIONS OF DINAR MALIKI ALLOWED TO FLOW OVER THE IRANIAN BOARDER. AS WE’VE SEEN FROM ARTICLES THAT DINAR HAS NOW BEEN RECOVERED.

THAT ALLOWED DR. S TO PULL IN THOSE REMAINING BILLS IN ORDER TO REDUCE THE NOTE COUNT TO ACHIEVE THE PROPER LEVELS FOR DR. S!

SO, WHAT DOES IRAN GET OUT OF THE DEAL?

REALIZE, THIS SOME OF MY OPINION, AND SOME WELL KNOWN FACTS! IN SHORT, THEY GET RELEASED FROM SANCTIONS TO THE WORLD AND MORE IMPORTANTLY GET THEIR SWIFT CODE TURNED BACK ON WITH A RATE!

WITH THE VALIDATION OF THOSE DINAR NOTES BEING RECOVERED WE SAW A TIMELY RELEASE OF SANCTIONS FROM THE UN, UK PARLIAMENT, AND THE SWISS DID WE NOT? OHH YA!!

NOW FOR THE REMAINING GLITCH IN THE WHOLE DEAL, THE U.S. !! WHY IS THIS A BIG DEAL?

THE U.S. TREASURY ARGUABLY HOLDS SUBSTANTIAL AMOUNTS OF DINAR AND CONTROLS IN PART WITH THE IMF THE RELEASE OF THE DINAR RATE AND DATE!

WITH IRAN ON THEIR WAY OUT OF THE PROVERBIAL DOGHOUSE, THE RELEASE IS MORE THAN COMPLICATED.

I SUBMIT TO YOU THAT TO THE U.S. THIS DEAL IS MORE THAN UNPOPULAR! BUT REALITY IS ON ITS WAY!

WITH THE OBAMA ADMINISTRATION CONSUMMATING A DEAL, THE CHANCE OF REVERSAL IS NIGH TO IMPOSSIBLE EVEN IF PARTISAN REPUBLICANS REJECT THE DEAL. IF THEY DO A HASTY PRESIDENTIAL VETO AWAITS ITS FATE.

THEN TO ACHIEVE A 2/3 VOTE SEEMS ALL BUT IMPOSSIBLE. FOR REPUBLICANS THAT POSSIBLY REJECT "THE DEAL" THEY CAN SAY THEY TRIED AND SAVE FACE TO THEIR CONSTITUENTS! BESIDES THEY WOULD BE AN ISLAND TRYING TO PREVENT THE WORLD FROM BUYING IRANIAN OIL. THAT WON’T GO WELL! LOL

REGARDLESS OF WHAT THE U.S. DOES IRAN GETS A GET OUT OF JAIL FREE CARD, AND OUT OF THE DOGHOUSE THEY COME TO JOIN ALL THE DOGS OF COMPETITION IN THE WORLD!
LET’S NOT FORGET THAT THEY GET A RATE TOO! AND DON’T BE SURPRISED IF IT’S HEALTHY ONE BY THE WAY!

WITH NEWLY FOUND MASSIVE GOLD DISCOVERIES WHICH I’M SURE THE IMF CONVENIENTLY KNOWS ABOUT, INCREASED OIL PRODUCTION LEVELS PRESENTLY AT 2.9 MILLION BARRELS PER DAY COMPARED TO 1.2 MILLION BARRELS PER DAY WHEN THEY WENT UNDER SANCTIONS 15 YEARS AGO, AND AN INCREASED REFINING CAPABILITY, THEY ARE NOT THE SAME IRAN THAT UNDERWENT SANCTIONS 15 YEARS PRIOR WHEN THEY HAD A RATE OF OVER 3 BUCKS! THEY STAND TO MAKE OUT LIKE A BANDIT!

WITH THAT PREVIOUS 3.00 PLUS RATE PRIOR TO SANCTIONS, WHAT WOULD COMMON SENSE TELL YOU IT WOULD BE WORTH NOW? MMMM

NO WONDER THIS IS COMPLICATED!! YOU SCRATCH MY BACK AND I’LL SRATCH YOURS! MMMM A LITTLE OVER TO THE RIGHT PLEASE, AHHH THAT’S BETTER! 

SLAP! NOW GET BACK TO WORK DOC! SORRY, THAT FELT SO GOOD!

NOW THAT’S DEAL NUMBER 1!

DEAL NUMBER 2 IS OPEC!

WHY IN HEAVENS NAME WOULD OUR ANTI- "DRILL BABY DRILL” PRESIDENT, AND GREEN-WEENI ADMINISTRATION WANT TO DRILL IN ALASKA WHEN THEY COULDN’T EVEN PASS THE KEYSTONE PIPELINE? HEEE HEEE

IT’S TIME TO PUT THE PRESSURE ON OIL PRICES TO BREAK OPEC! THEY CAN’T MAKE THEIR BUDGETS AT 40 DOLLAR OIL! HEE HEE

IN IRAQS CASE, THIS WILL MORE THAN MOTIVATE THEM TO COMPLETE THEIR LAWS AND BE READY TO DIVERSIFY THEIR ECONOMY UNDER AN IMPROVED SUPERCHARGED DEMOCRACY!

IRAN, WELL, THEY JUST GOT LET OUT OF THE DOG CAGE AND SINCE THEY HAVE BILLIONS STORED THEY CAN SELL MORE AT A LOWER PRICE AND CAPTURE MARKET SHARE BACK.

SAUDI ARABIA, WELL I’M NOT READY TO SHARE WITH YOU YET ON WHAT THEY GET! SO, FOR NOW THEY ARE SLASHING THE FAT OUT OF THEIR BUDGETS LIKE CRAZY!

TODAY WE SEE OPEC WANTING TO TALK NOW! HEE HEE LIKE I TOLD YOU UNLESS EVERYONE WORKS POLITICALLY TOGETHER WITH VERIFIABLE HONESTY, OIL PRODUCTION LEVELS WILL CREATE A NEW LANDSCAPE!
THE MIDDLE EAST WILL NOT BE ABLE TO SUSTAIN PROLONGED LOW OIL PRICES! THEIR ECONOMIES ARE NOT DIVERSE ENOUGH. THE ONLY SOLUTION IS A POLITICAL SOLUTION!

IT MAY BE TOO LATE BY NOW FOR A VIABLE SOLUTION IN THE NEAR TERM!

A CRISIS IS IN THE MAKING!

BLACK GOLD IS THE SINGLE UNIVERSAL CURRENCY CAUSING MASSIVE DEFLATION WORLD WIDE AS PRICES COLLAPSE!

MARKETS WILL CERTAINLY CRASH. THE SPEED OF WHICH THIS IS HAPPENING IS NOT ADAPTABLE TO COMPANIES OR COUNTRIES!!

AS PRICES DROP WORLD WIDE WE WILL SEE CARNAGE! I EXPECT THE WORST IN MARKETS TO CONCLUDE ON MONDAY THE 14TH OF SEPT..

THEN WE LOOK FOR THE FED TO RAISE INTEREST RATES TO ADD FUEL TO THE FIRE. AND LAST BUT NOT LEAST WE WILL HAVE THE HOTLY DEBATED DEAL BE ANNOUNCED ON THE 17TH OF SEPTEMBER!

THEN, THE LONG AWAITED IRAN DEAL WILL GET THE BALL ROLLIN! 

REALIZE BOTH, THE DINAR AND THE RIAL WILL GO TOGETHER JUST LIKE A WEDDING! THAT’S "THE DEAL"! JUST LIKE THE SHIA BROTHERS WANT!

WITH OIL PRICES REMAINING LOW AND THE LIKELIHOOD THAT THE U.S. WILL RELEASE ITS RESTRICTION OF SHIPPING OIL OUTSIDE ITS BORDERS, THERE IS SERIOUS MOTIVATION TO NOT ONLY GET THIS DONE BUT TO NEGOTIATE PRODUCTION LEVELS WORLD WIDE! HEE HEE

REMEMBER WHAT I TOLD YOU, "HE WHO CONTROLS TRADE CONTROLS CURRENCIES”!

THE EMPIRE WILL CONTROL TRADE! CHINA IS THE FIRST EXAMPLE OF A COUNTRY BEING MARGINALIZED!

THERE WILL BE EVERY REASON TO BELIEVE THE PRICE OF OIL WORLD WIDE WILL REMAIN LOW FOR YEARS TO COME AS EVIDENCED BY WARREN BUFFET TAKING A 4.5 BILLION STAKE IN PHILLIPS REFINERY BECAUSE THE PROFITABLE PART OF THE OIL INDUSTRY WILL NOW SHIFT TO REFINING!

THE PAST IMBALANCES OF OIL PRICES ARE A THING OF THE PAST SINCE THE U.S. WILL BECOME THE SWING PRODUCER, KEEPING THE MIDDLE EAST PRICES COMPETITIVELY LOW! THE "DOGS OF COMPETITION" IS THE NEW BUZZ WORD! WELL, NOT REALLY, I JUST MADE IT UP, HEE HEE! BUT SERIOUSLY, EVERY PRODUCER WILL HAVE TO WORK LIKE A DOG TO COMPETE FOR BUSINESS!

SERIOUSLY, "WHO LET THE DOGS OUT"? HEE HEE 8@8, DOC IMO

https://www.youtube.com/watch?feature=p ... Lwb5EM#t=0
Americas Will Take Brunt of Any Oil Output Cuts When Iran Returns

The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai.

North, South and Central American oil production could fall 1.1 million barrels a day by 2020 because of higher costs as Iran’s output climbs, starting with an increase of 800,000 barrels a day next year, Chicago-based A.T. Kearney said in a report to be issued this week. Brent crude prices are seen trading at $45 to $65 a barrel next year, according to the report. The international benchmark was trading at $52.85 a barrel on Tuesday.

“With Iran coming back on, there’s the prospect this is going to be a longer-term lower price than we’ve seen before,” Richard Forrest, A.T. Kearney’s lead partner for energy, said in an interview in Dubai on Sunday.
“If you look at where the production comes out, it’s North American shale and it’s offshore.”

Iran is preparing to double output after international sanctions end, bringing as much as 1 million barrels a day of new supply into the market. In the U.S., crude production fell as New York oil prices dropped almost 50 percent in the past year on a glut. The U.S. government on Monday said June production fell to 9.3 million barrels a day, the lowest since January.

Foreign Investment

Iran could boost production by as much as 800,000 barrels a day in 2016, said Eduard Gracia, a principal at A.T. Kearney and co-author of the report. A.T. Kearney assumes Iran can boost output by an average of 6 percent a year from now until 2020 as long at it attracts foreign investment to help develop its fields. That pace would put Iran’s output of crude and condensate at 4.955 million barrels a day in 2020, or an increase of about 1.5 million barrels from today, according to A.T. Kearney.

Iran and six global powers reached an agreement in July that would limit the Persian Gulf country’s nuclear program in return for removing sanctions on its energy and financial industries. The restrictions cut its oil output from 3.1 million barrels a day in July 2012 to as low as 2.5 million barrels in

May 2013, according to data compiled by Bloomberg.

Profitable Fields

The projected drop in production in the Americas is equivalent to a 4 percent decline from 27.5 million barrels a day now, according to A.T. Kearney, which estimates Middle East production at 26.3 million barrels a day. Prices by the end of the decade will allow fields with production costs of $60 to $80 a barrel to produce at profitable levels, according to the study.

“While any oversupply has some impact on price, it’s not going to be as dramatic as what we saw in the previous shifts,” Forrest said, referring to the period when Brent fell from over $100 a barrel in July 2014 to less than half that six months later. That drop was due to concern about slowing global demand, he said.

Iran’s state-run Islamic Republic News Agency has reported production could increase by 500,000 barrels a day within a week after sanctions end and by 1 million barrels a day within a month after that. Sanctions against Iran’s oil industry should be lifted by late November, Oil Minister Bijan Namdar Zanganeh told state TV last month.

Iran may also increase petrochemical output, creating a potential for increased exports and lower prices, Gracia said. Iran has the world’s biggest natural gas reserves, according to BP Plc data. “Petrochemicals is a way to get their gas exported in the form of another product,” Gracia said.

http://www.bloomberg.com/news/articles/ ... an-returns

BGG TIDBITS, 1 SEPT

  Reuters Article  "...an Iraqi parliamentary report named Iraq’s former prime minister, Nouri al-Maliki, among dozens of officials responsible for the collapse of security forces and the fall of Mosul to Islamic State militants last summer." 

This is MAINSTREAM - Iraqis now hope that Maliki and other officials will stand trial and be held to account for why militants were able to capture the northern city with so little resistance.

(Maliki dismissed the parliamentary investigation as “worthless,” and he blamed Mosul’s fall on a conspiracy by Turkish and Kurdish leaders.)   they (many Iraqi's) are hopeful (we should be too...) he will stand trial.

Quote:  "...Maliki is poised to lose his ceremonial post as one of Iraq’s three vice presidents under a series of reforms that the current prime minister, Haider al-Abadi, is trying to enact."   

Or probably already has "lost his position"...there is NO WAY the WB/IMF will let this get overturned - Abadi will get worldwide support for this... it shows the very character of the struggle going on in Iraq RIGHT NOW. 

I don't think Maliki will survive this onslaught...AND I think if anyone can "dethrone" Maliki from in front of the PMU - IT'S SISTANI!! 

He's the driving force behind the support Abadi has and is the catalyst for these reforms!! 

TNT CHAT UPDATE, 1 SEPT

TNT:

Iko Ward:  Overnight summary...China came out of the gate with a sharp drop of 4.5" only to end up at 1.8% loss, but the rest of Asia fell anywhere from 2.2 to 3.9%. Europe averaging 2% with Germany in the lead at -2.5%. Saudis down 2% as well, ISX dropped another quarter. US futures are down. Forex is still playing their little 3 point ping pong game.

NurseGinger:  I am following the money. I've been following the markets and the money now for 6 years.  It's like a bouncing ball...who knows who's hands the ball will land into next...this ball seems to always be changing hands

Rrrr:  ginger... it's gonna be a crazy time the nexts 2 weeks... Hold on... there is soooo much going on... In Iraq, and the entire world…. t looks like the national guard law, investment laws, and the banking laws are ready to be announced/implemented... I think they will go with the RV... the question, as tony says, is WHEN?
...
Rrrr:  the question is: will the RV happen before or after things get really ugly here in the US!

NurseGinger:  China has always had a 5 year, 10 year, 15 year and 20 year plan. The question is which plan are the putting into effect….. Things are occurring around the global. One country may have been the catalyst but this has snowballed into something completely different.

Rrrr:
  ginger, when Maliki and his years of embedded corruption are eliminated, then Shabibi will be named CBI Governor... This is inevitable... but... Does this need to happen before the RV can happen... Tony says no, according to his contacts... either way, Iraq, and the world, are on a precipice that will never been seen again

UKmtb:  we seem to be at a pivotal point in history when there is no going back to the old ways of printing money to get out of financial problems. What a relief!

Rrrr:  uk.... a September crash on wall street has been predicted for months... and not just by the conspiracy theorists

NurseGinger:  Asian markets are RED.

Fitzgerald:
  A STORM IS COMING THIS AM AND I HOPE IT BRINGS THE RV WITH IT

EF:
  And for the record I am not trying to cause any scare tactics to anyone I'm just reporting what I see and what is my opinion I've been telling you now for two weeks the market was going down well look what happened and starting today The slide that I sent was going to happen on Friday has begun and the word out of Jackson hole is they do not have an answer for this…. Pain coming from the failure of the Fiat system in its entirety. Better times come from an asset backed system. The pain is tough and will be tough until we get to that change IMO.

TnDr:
  In the spirit of balance the market has historically been tough in Sept. and Oct. This may add to the "denial" of the established ones.

Martha:
  I would say from the markets that we are.ready for another fall

Orgson:
   MArtha - Let it fall hard.

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

Martha:  China is going to keep stirring the pot-it is a wake up call

Martha: October 1 is the new budget-woulnt it be great to enter with a balanced sheet?.... all I can say is that the US needs this rv in the worst way and not just for oil credits.it needs the true value of the dinar to offset the deficit

EF:
  FED is scrambling but I don't think they have a solution. The only solution is a gcr/RV IMO. This is speaking volumes.

Martha:
 IMO  everything needs to crash and burn so that we as a country can rise up from the ashes and start new

MY LADIES CHAT UPDATE, 1 SEPT

Memphis: Years from now, when China is firmly the economic center of the world, and the powerhouse of the US is but a fading memory, people will be writing about it; and attempt to tell the story: How Did It Happen? We are daily seeing the answers as to the "why" and this article brought by MVL has a strong message; the "key" if you will:

https://www.cnbc.com/2015/08/30/shangha ... ntion.html

"China Halts Market Intervention", this says it all.

I have pointed out many times that all attempts to stop (to smooth out) the business cycle by central planners always fail. In the end, the cycle always completes and the only question then is from what great height must we fall?

Having gone to the extremes for many years now the FED has insured that our fall will be long and steep but China?

There have been clear signs for over a week that they are choosing the wiser course; that they will take their losses in (much less painful and disruptive) increments and allow the business cycle it's natural ebbs and flows. This article is confirming and in the macro world it tells us which horse will win.

Why do smart men foolishly engage in such follies? MVL answered THAT...Yesterday...
It is all laid at the feet of greed.

note: it should be added here that when these historians write about the times we live in and "tell the story" of the greatest economic shifting to ever unfold in the history of the world that few will get it right; and few will even notice.

Sager: I highly doubt the US will be "a fading memory". They will still be part of the sdr basket along with China. I don't think it's possible to be part of the world reserve currencies of 5 and fade into the sunset...

Memphis: Consider tho that this cycle only presents about every 300 years. No one alive today has any point of reference to go on so we must look to history. History tells the story but we must lay aside our normalcy bias if we are to hear it. 
Europeans are beginning to wake up but in America, not so much. (handshake)

MVL: Excellent thought, Memphis. Europe has a longer memory that knows "the majority must be wrong, before the opposite swing can start". (nerd)

Memphis: Like many ppl I am watching with interest for any signs that our leaders will choose the narrow path, the one seldom taking at such times but thus far there are zero indications that this time around is to be any different. NOT being pessimistic here! just pragmatic. (handshake)

DK: True Memphis. But history is a good tool to use. Hopefully we learn from the mistakes or "on purposes " by our former citizens.
As my mother has said so many times, when you do the same things over and over again and get the same incorrect results, that's insanity.

MVL: Agreed, Memphis. The narrow path won't be chosen because it's a lot easier to manipulate the status quo, and continue to kick the can down the road. The path of least resistance, if you will. As long as I get mine, I don't care about yours mentality.

Memphis: or as you said yesterday...with one word.....

MVL: Greed

DK yep!

Memphis: Armstrong has compiled a complete thesis on human nature and it's interaction with the business cycle. Tho we can fight and argue against it the fact still remains that man's nature controls and the same outcome is produced every single time with very little deviation. 

Once the significance of this truly gets soaked into our DNA we can have great confidence in many things even while the majority are being tossed to and fro wondering where the wind is coming from!

DK : My personal thought is to be as grounded as possible, and learning what applies to my personal life and what I want to do to be a help to this world is of major importance to me. I truly appreciate your posts Memphis. TY

Memphis: Our hope (or at least mine personally) is that his (Armstrong's) message will fall upon ears that can truly effect change, ears that will not only listen but then do the right thing. There is always hope but we cannot base our decisions, our plans, on these hopes because the probabilities tell us clearly that the crash and burn scenario is the likely outcome.

DK I honestly believe there will be major changes in many areas. Cannot tell you what they are, but change is definitely coming.

MVL: My money says even though I hope you're right, Memphis, history for me proves different in the sense that nobody at the levels we are watching, ever does the right thing. I pray I'm wrong, but a crash and burn is the statistical precedence that largely precedes any meaningful change. By that time, the smart money has already been made, but I'm with ya!

Memphis: Grounded? YES...always. And tho this may be a tough pill to swallow it is true that the youth are quick to adopt new thinking but us grown ups? Are slow (stubborn maybe?) to actually allow our normalcy bias to adapt and the use of the word "grounded" is thus held close by many and held up as an excuse rather than an opportunity.
Not pointing the finger! just my own observation... (handshake)

KTFA CHAT UPDATE, 1 SEPT

KTFA

Pdids: Three presidencies confirm the approval of the National Guard and federal with economic reforms 

Baghdad-where]
Fuad Masum, the President and Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri met at the Peace Palace in Baghdad on Monday evening and during which they discussed the security situation and file reforms and ways to strengthen state-building and issues related to the completion of the legislation.

According to a presidential statement received by the agency all of Iraq [where] a copy of it, that "the meeting expressed their support for practical steps that meet the interests of the Iraqi people to accomplish what was voted on government and parliamentary reforms."

The prime minister according to the statement "the need to go all the reforms are carried out in accordance with the Constitution and the law."

"It also has praise military operations led by the Iraqi army and security forces and members of the popular crowd and the Peshmerga and the sons of the tribes in Anbar and Peggy multiple areas of Iraq."

The meeting saw "the importance of the completion of key legislation, including the National Guard and the Federal Court and national reconciliation laws."

He also emphasized that "the economic and financial side is one of the priorities of the executive and legislative bodies that are being focused on reforms in the file, stressing that the provision of essential services to the Iraqi citizen is located within the basic obligations that state institutions seeking to implement"
LINK

http://translate.google.com/translate?h ... &sandbox=1

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

McDan: Looks like from the last paragraph bluedog may want to enjoy reading the last paragraph.

He also emphasized that "the economic and financial side is one of the priorities of the executive and legislative bodies that are being focused on reforms in the file, stressing that the provision of essential services to the Iraqi citizen is located within the basic obligations that state institutions seeking to implement"