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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, October 8, 2015

EXOGEN UPDATE, 8 OCT

S3A : 

EXOGEN:  THE GLOBAL SWIFT SYSTEM CIRCUMVENT IS OFFICIALLY LIVE AND ACTIVATED BY CHINA

History has just been made today as the NEW

China International Payment System (CIPS) has been activated to circumvent & bypass the global SWIFT System using the YUAN.

This is the OFFICIAL restructuring of the Global Banking & Financial Architecture.

Pay close attention to EM's, BRICS, AIIB and Russia and China's NEXT MOVE!!!!

Global Order is about to be RESTORED
....
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China Launches Yuan-Based International Payment System
 REUTERS/ David Gray/Files   20:14 08.10.2015Get short URL

Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.
MOSCOW (Sputnik) – China launched the first phase of its China International Payment System (CIPS) in Shanghai on Thursday, allowing cross-border transactions in the Chinese national currency, the yuan.

CIPS’ first phase provides clearing and settlement services, according to the People’s Bank of China announcement. Its launch is said to remove hurdles to the yuan’s internationalization by reducing transaction costs and processing times.

Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.

The launch bolsters China’s efforts to join the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket. An announcement on the State Council’s website cited SWIFT transaction services data as calling the yuan one of the world’s top five payment currencies last November.

CIPS is vying to overtake SWIFT in the region. Developed and administered by the People’s Bank, the system operates from 9 am to 8 pm Beijing time (01:00-12:00 GMT).
Local media reported that the Beijing-based Industrial and Commercial Bank of China (ICBC), one of the 19 direct CIPS participants, has cleared its first transaction of 35 million yuan ($5.5 million) in Singapore.

Another direct participant, Standard Chartered Bank said it had also cleared its first transaction with the Swedish home furnishing retailer IKEA through CIPS.

Additionally, China has adopted the IMF's Special Data Dissemination Standard (SDDS), a move also seen to further internationalize the yuan

Read more: http://sputniknews.com/business/20151008/1028228289.html#ixzz3o0GKkHSU

KTFA CHAT UPDATE, 8 OCT

KTFA:

Ms Catvacono :
HI FRANKIE I MISSED YOU AFTER CALL SORRY….. SO HOW RED ARE WE ….REALLY YOU TOLD ME TO ASK…. SO I AM SORRY ITS LATE AND SORRY YOU HAVE TO REPEAT YOUR SELF.

Frank26:  LAVA RED.

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

Frank26:
 Every 24 HOURS is Fascinating in Iraq ........ Anyone want to talk again tonight? Wink.


Aggiedad77
:  Tonight....talk......I'm ready.....I'm excited......lightening speed

Things are being set up.....PM Abadi is gaining strength every day

The evidence of things found and discovered.....lies in the presence of Dr. S I believe

Indeed the 24 hour period changes everything, even before it can be published

The lava flow is "red" hot....pushing for movements that bring forth positive change

Dr. S is back.....the clock stood still....back to the future....is becoming back to 2012....the lava flow takes us there

Talk tonight......we can't wait   Aloha   Randy

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

Boxman: 
 WOW....Backdoc, T Hawk,Frosty, Aggie Dad, F26, Dr WS....what an information filled night...

More news in one night than we used to have in a combined 6 month period....

Frank26: 
 We call it an accordion effect of compressed time and events of the now quickened MR.

TRUST ME ......... Every 24 is a new stage setting!!!   KTFA   Frank

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

walkongstick
Mr. Ammar al-Hakim: Iraq was and will remain a pivotal country in the global reform project
History of edits:: 2015/10/8 11:00 •

A {Baghdad: Euphrates News} President of the Supreme Council of the Iraqi Islamic al-Hakim said that Iraq was and will remain a pivotal country in the global reform project

http://alforatnews.com/modules/news/article.php?storyid=96913
Aggiedad77:  Short and to the point and oh so SWEET

PIVOTAL country....where...in what.....the GLOBAL REFORM PROJECT

Now we have them using these words in the same sentence....reforms and projects.....just as the GOI and the CBI have merged over time as the GOICBI....when one talks they are speaking for both.....now we see Reforms and Projects headed in the same direction

What does PIVOTAL country mean? IMO.....it means strength....it means the point about which all others will rotate and operate from....remember that Family.....Iraq is and will continue to be that global point.....that PIVOTAL country.   Aloha  Randy

DINAR GURUS UPDATE, 8 OCT

10-8-2015   Newshound Guru Aggiedad77   I'm excited...lightening speed...Things are being set up...PM Abadi is gaining strength every day.  The evidence of things found and discovered...lies in the presence of Dr. S [Shabibi]  I believe.  Indeed the 24 hour period changes everything, even before it can be published.  The lava flow is "red" hot...pushing for movements that bring forth positive change.

10-8-2015   Intel/Newshound Guru Backdoc
   NOW THIS IS WHERE THE DINAR GOLDEN CHILD WILL MAKE A DIFFERENCE!  WHEN THAT TYRANT MALIKI IS ARRESTED, LAWS ARE IMPLEMENTED, AND THOSE PESKY ZEROS GET FINALLY LIFTED VERY SOON, WE WILL SEE THE GLOBAL RESET TAKE ON NEW LIFE!  IMO.

10-8-2015   Newshound Guru Aggiedad77   Article:  "Meeting a parliamentary presidential order to add new paragraphs to the investment law: vote soon"  The Economic and Investment Committee in Parliament is putting on finishing touches to the Investment Law...they expect it to be voted upon this month...in October...so says a reliable member of that committee...this will be a big success for the Iraqi government if they can get this moved through Parliament.

10-8-2015   Newshound Guru Kaperoni   Article quote:  "Fund confirmed the reconstruction of areas affected by terrorism, on Tuesday, that the World Bank loan will be launched during the month..."  [I hope the World Bank keeps a close eye on where the money goes... otherwise it will end up in some corrupt politicians pocket.]  All money loaned by the world bank is project oriented.  Meaning there are concise directives and the world bank watches the progress and documents it in "status reports."   There is no loose money. 

10-8-2015   Intel/Newshound Guru Mnt Goat  2) by joining the GCC this will give much more power to the government of Haider al-Abadi and the opportunity to direct reforms and that these reforms will inevitably lead to disengage with Tehran. It will be like a snow ball effect as the momentum will pick up and the ball gets bigger and bigger.  This will bring a NEW Iraq to the people, allow for international trade and investment thus our RV.  It is all inter-connected.

10-8-2015   Intel/Newshound Guru Mnt Goat   Article quote:  "Gulf sources revealed that the Gulf Cooperation Council states, led by Saudi Arabia plans to join Iraq to membership of the Cooperation Council in order to remove Iraq from Iranian influences."   ...an article about Iraq getting an invitation to join the GCC.  I am so happy for many reasons. You should be very happy too.  Here are the reasons. 1) since getting rid of the Iranian influence is happening right in front of our noses and this must happen prior to any RV.  I always knew that getting rid of Maliki and removing Iraq as the “puppet” Iranian state was not going to be easy and would take some time. But we can see it is happening now... getting rid of Maliki and his goons is going to be HUGE in this direction of movement for Iraq. [post 1 of 2....stay tuned]

10-8-2015   Newshound Guru Millionday   Article quote:   "Hamoudi received Romanian ambassador to Iraq, and pointed during the meeting that the country is heading for a secure investment climate to facilitate the work of investors and provide all potential logistical and security to them, especially after the adoption of the investment law in the near future ".   NOTE -- IRAQ IS HEADED FOR A SECURE INVESTMENT CLIMATE...THE SECOND AMENDMENT IS DONE WITH COMMITTEE ONCE AND FOR ALL   Quote:  "...deepening bilateral relations with Iraq in particular, which would contribute to strengthening economic and investment reality in the country."   AND THAT MY FRIENDS IS A GREAT IDEA --- ECONOMIC REALITY --- WHOOOPOWW.  IMPORTANT LAWS ARE WAITING FOR ENACTMENT.

MARTHA UPDATE : New clues to the roll out of RV, 8 OCT

From Martha…New clues to the roll out of RV

Today is 10/8 and China returns from Holiday and the way to the RV begins.

On yesterday's TNT call 2 things were revealed.

#1 a 3 letter agency had not signed off and we have a 48 hour window to start.
We have been told that as soon as Iraq is paid we would be a "go"

Now on the Landa call I learned that it was the IMF who, again is being controlled by the banking cabal , signed off/on last Friday but signed back on this past Monday… but treat as rumor since everything is being kept quiet.
Landa also said watch the FOREX for the rate change when it shows 3.41.
Next Tony states banks were told to be ready the LAST 10 DAYS OF THE MONTH FOR THE ? Public RV

Well this is going to be the slowest roll out but has to be because of all the accounting of over print of dinar, according to Landa Global.

Landa Global CC Replay 10-7-15
October 7, 2015 - Preparation Stage for Project Fundings - Syrian Refugee Crisis

#2 We are still considered private, aka the Internet group and as such we will go before the public.

Let’s look at dates. This weekend starts us into a holiday- Columbus Day on Monday, a perfect weekend to bring us to a mid- month RV but Iraq has already RV'D going back to 4/22/2015.

Now look at the 10 day banking time frame which starts 10/22 - the master number 22 a sign of completion, birth, rebirth and a sign of a person who is in control and "a great leader" like PM.ABADI.

This would make this a 6 month frame of the RV! (4-22 through 10-22)

Now enter Zap who says a little longer. The pp's with the release of the bonds will start the second week of October. We also know that the privates are being paid NOW.

We at TNT, Elmer and Iko as well as Isa have been the eyes and ears of the market movements and hopefully will continue the forward movement.

With all the education regarding the banking side, we should all be prepared to go fast.

Now we wait and watch for our turn. Our blessing is here and hopefully I can take a 2 week siesta after this is completed.

I hope this covers it. Please print.

Bruce will have a call tonight. but this lines up with what both Tony and Bruce have been saying.    Martha

TNT CHAT UPDATE, 8 OCT

TNT:

Iko Ward
 : Gold, Crude, The Markets and Forex will all behave for the rest of the day to see what transpires this evening. Grab a nice, comfortable chair and your favorite cup. Nothing  much to do but wait.

MsGemini28 : IKO - Thanks! Why nothing today and what might happen to trigger something this evening?

Iko Ward : MsG...Abadi or China...even money. One or both are scheduled to get off the pot.

Isa52bc:  My WM called today to let me know he will call me and the other person he has on his list when he is given the go ahead to exchange. Also he gave me info for Abbot Downing and some of the other perks.
....
************

[freefall] Not knowing shabbi is back at the helm is big news as is Maliki having. 48 hrs to evacuate is critical information that has to be in place before Iraq can be freed from the chains on there sovereignty. And Russia and Syria is significant too. It shows the USA has lost its shine and power. Now u see Iraq negotiationing with Russian military to fight dash. This is so very important and I am surprise that tony Intel missed the boat on this

daz : THERE ARE TWO WAYS TO LOOK AT THESE EVENTS......THEY ARE NOT BOTH SCARY OR PERILOUSS

CONSIDER THAT A GLOBAL COALITION FOR THE EVENTUAL ADVANCEMENT OF GLOBAL RELATIONS ARE IN THE OFFERING

THE WORLD IS CHANGING...THE WRITING IS ON THE WALL

SOME WILL DRAG THEIR FEET SURE...BUT CHANGE IS INEVITABLE...COLLECTIVELY THE WORLD IS SMARTER THAN ITS EVER BEEN IN HISTORY

7mm:  Daz...I am normally a lurking type but yesterdays call got me thinking...if Iraqis have a debit card loaded with dinar, how do they see a new rate?...Isnt a dinar a dinar?...my debit card is in dollars, there is no rate on the dollar?   then how do Iraqis see a higher rate?
NoNo: 7mm - you're forgetting that it is an RI in country... and those cards are useable, because its an RI in country, even if the cardholders are out of country... thats how I understood it to be, am I mistaken DAZ?

Daz:  THE DIFFERENCE WOULD BE REFLECTED IN THE EXECUTION OF SOME FINANCIAL TRANSACTION WHEN THAT TRANSACTION WAS CONDUCTED VIA AN EXCHANGE INTO ANOTHER CURRENCY IN ANOTHER JURISDICTION.

THAT TRANSACTION COULD BE CALCULATED IN TERMS THAT DISPLAYS A NEW RATE RELATIVE TO BUYONG POWER IN THE JURISDICTION WHERE THE TRANSACTION OCCURRED

NoNo:  DAZ - I think what 7mm is asking; correct me if I'm wrong, or out of school 7mm ~ is technically how can it be 'International' for them, and not be available to the rest of the worlds dinar holders...

Daz:  NONO...IF THE ACTUAL REALIZATION OF A RATE CHANGE CAN ONLY BE ENJOYED SO FAR BY A CARD HOLDER....ITS REASONABLE TO ME THAT SOFTWARE CAN BE WRITTEN TO REXOGNIZE THAT CARD WITHIN AN ACTIVE SYSTEM TO ALLOW A USER TO ENJOY THE RATE.

 NOT SURE THAT CLEARED IT UP BUT...BOTTOM LINE IS...ITS ABOUT BUYING POWER...DETERMINING THE EFFECTUAL RATE IS A MATH FUNCTION IMO

ATMS ARE SIMPLY COMPUTERS, THEY RUN PROGRAMS, PROGRAMS ARE WRITTEN AND CODED TO RESPONS TO ACTIVATION BY A SPECIFIV CARD

THERE ARE ONLY TWO THINGS ABOUT THIS THAT WOULD DEPRESS ME...MISSING THE OPPORTUNITY OR LOSING MY CURRENCY

Raptor22:  Iko or Daz I understand we have been watching Forex to see the rates fall below a certain mark, 1095 or 1098 I think. can you please help me understand why this is the key? Thanks

daz:  RAPTOR....THE FOREX MONITORING IS SIMPLY A TRACKING OF "NEW OBSERVABLE TRENDS"....IKO DOES ISA DO A GOOD JOB OF THAT. WHAT IT ALL MEANS IS YET TO BE DETERMINED BUT I FIND IT INTERESTING

DeRoseGirl:  Well today I believe is the last day of the Chinese holiday!! WooooHoooo!!! Maybe this was what we were waiting for??

[sunny]
 Rumor going around that Iraq asked for a 48 hour delay till the Chinese stock market opens. Anybody else heard this? Anybody know the hours/days/times the Chinese market is open. I heard they were closed for a week but don't know when that started or stopped.

[Sallypuff]
 sunny - All I know is the Chinese holiday was to end yesterday on the 7th. One would think business would be back to normal today and that their stock market would be open. Just my opinion.

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

TERRYK CHAT UPDATE, 8 OCT

TERRYK Morning Coffee 10/8/2015 9:57am edt

terryk:  Morning all
terryk:  az
terryk:  colorado
terryk:  ken
terryk:  kkt
terryk:  mike


kenbbq1 morning TK
arizona49:  Morning boss; hope you are feeling better today


terryk:  sniffles
terryk:  but better
terryk:  thanks
terryk:  so what is with the city of Detroit erecting a statue of the devil? What's wrong with them


arizona49:  Man, hadn't heard that


terryk:  and during the night another location removes the 10 commandments
terryk:  Oklahoma


arizona49:  this country is going to heck in a handbasket very quickly


terryk:  so iraq lowers the amount in 2016 budget by 3 trillion
terryk:  must be due to limiting number of gov e mployees
terryk:  maybe we should learn from them


arizona49: Urgent: reduce the 2016 budget to 100 trillion dinars instead of 113 Trliuna   http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.khabaar.net/index.php/permalink/52535.html  


terryk:  I see poodles is saying some high ups are being paid again
terryk:  how many times do they get paid before us
terryk:  and then saying we should see something in a couple of weeks....does it work that way
terryk:  now if it is indeed 3.41 I could maybe see that


kenbbq1:  usually the high and mighty take care of themselves first


terryk:  so like three tier
terryk:  so I know someone in the top tier, trust this, if and when they go they will call
terryk:  and they do not live in the good old USA
terryk:  just saying
terryk:  not knocking their post but seems I heard this again and again
terryk:  i want this tomorrow as all u do


kenbbq1:  I agree with that....how many times have the cards been loaded....


terryk:  but until they push Isis out I think there will be issues


kenbbq1:  where are the lower denoms....


terryk:  So there are a lot of articles that talk about the on goings of Iraq government but kinda day to day stuff


arizona49:  Did you see you this today, I thought odd with the push on International Investors >>>>> Finance Committee: 2016 budget devoid of any investment 
projects http://translate.googleusercontent.com/...5QSetM5woLWw

terryk:  Yea did
terryk:  open and post in room please


arizona49:  will do
arizona49:  According to a member of the Finance Committee MP Ahmed Sarhan, Thursday, that the next year's budget in 2016 free of investment projects, which is similar to the previous year's budget. He said Ahmed told / information / "The 2016 budget is free of any investment projects because of the large deficit as well as on corruption." He added that "the majority of the budget for next year go to the operational sectors of government and does not have any allocations for investment or infrastructure development." The member of the Finance Committee that "the deficit ratio stood at 29 trillion dinars, while oil revenues represent 69 trillion and non-oil 14 trillion dinars and a half trillion," pointing out that "the value of the expected imports amounted to 84 trillion, and spending 113 trillion, so the budget only operational as a whole." He pointed out that "the government can not develop sectors to boost the budget for the existence of the corruption that has bedeviled the economy and wealth, becoming a budget similar to the budget of last year, except for a difference figures, without tabs for the development of other sectors," warning "from the economic downturn in the country and contraction because of the budget deficit in general," .anthy / 25 R.
terryk:  Ok all have some thing gotta take care of gotta cut today short, Pam please open all articles for discussion
terryk:  God Bless
kenbbq1:  Thanks TK
arizona49:  done TK take care

Sanctions list COUNTRIES, 8 OCT

CountryEU SanctionsUS SanctionsRemarks
Afghanistan- embargo on arms and related material

- ban on provision of certain services

- freezing of funds and economic resources

- restrictions on admission
No.
Balkans relatedsee Bosnia and Herzegovina and/or
Croatia and/or
Moldova and/or
Serbia and Montenegro
Yes.
Belarus- embargo on arms and related matériel
- ban on exports of equipment for internal repression
- ban on provision of certain services
- restrictions on admission
- freezing of funds and economic resources
- valid until 31.10.2015
Yes.
Bosnia and Herzegovina- restrictions on admission
- freezing of funds and economic resources
- valid until 31.3.2016
see Balkans related.
Burmasee Myanmarsee Myanmar.
Burundi- restrictions on admission
- freezing of funds and economic resources
No.
Central African Republic- embargo on arms and related matériel
- ban on exports of equipment for internal repression
- ban on provision of certain services
- freezing of funds and economic resources
Yes.
China- embargo on armsNo.
Conakrysee Guinea (Republic of)No.
Congo (Democratic Republic of)- embargo on arms and related matériel
- ban on provision of certain services
- freezing of funds and economic resources
- restrictions on admission of certain persons
Yes.
Cote d'Ivoire- embargo on arms and related matériel
- ban on exports of equipment for internal repression
- ban on provision of certain services
- restrictions on admission of certain persons
- freezing of funds and economic resources
- import ban on diamonds
see Ivory Coast.
Crimea- see Ukraine- see Ukraine.
Croatia- restrictions on admission of persons
- freezing of funds and economic resources
see Balkans related.
CubaNo specific EU sanctions existYesContact us for details on US sanctions
Egypt- freezing of funds and economic resources
- valid until 22.3.2016
No.
Eritrea- embargo on arms and related materiel
- ban on provision of certain services
- inspection of and prior information requirement on certain cargoes
- embargo on supplying arms and related matériel
- freezing of funds and economic resources
- restirctions on admission
No.
Guinea (Republic of - Conakry)- ban on provision of certain services
- restrictions on admission
- freezing of funds and economic resources
- valid until 27.10.2015
No.
Guinea-Bissau (Republic of)- restrictions on admission
- freezing of funds and economic resources
No.
Haiti- prohibition to satisfy certain claims in accordance with UN Security Council Resolution No 917(1994)
- prohibition to satisfy claims with regard to contracts and transactions whose performance is affected by the measures taken in accordance with UN Security Council Resolutions 917(1994), 841 (1993), 873 (1993) and 875 (1993)
No.
Iran- Joint Comprehensive Plan of Action (JCPOA) suspends certain sanctions (mainly related to the petroleum sector of Iran) to 14 january 2016
- restrictions on admission
- freezing of funds and economic resources
- embargo on telecommunications monitoring and interception equipment
- embargo on equipment which might be used for internal repression
- ban on provision of certain services
- embargo on arms and related materiel
- embargo on nearly all dual-use goods and technology
- embargo on certain goods and technology which could contribute to enrichment related, reprocessing or heavy water-related activities, or to the development of nuclear weapon delivery systems or to the pursuit of activities related to other topics about which the IAEA has expressed concerns
- prohibition of procurement from Iran of arms and related material, nearly all dual-use goods and technology and certain other goods and technology
- (arms and other embargoes related) ban on provision of certain services
- (arms and other embargoes related) ban on certain investment
- controls on export of certain other sensitive goods and technology
- control on provision of certain services
- control on certain investment
- embargo on key equipment and technology for the oil and natural gas industries
- ban on provision of certain services (to the oil and natural gas industries)
- ban on certain investment (in the oil and natural gas industries)
- ban on certain Iranian investment (nuclear industry)
- ban on new commitments for grants, financial assistance and concessional loans to the Government of Iran
- ban on commitments for public financial support for trade with Iran, other than short term commitments
- enhanced monitoring over the activities of EU financial institutions with banks domiciled in Iran and their subsidiaries, branches and other financial entities outside Iran
- restrictions on transfers of funds to and from Iran
- restrictions on establishment of branches and subsidiaries of and cooperation with Iranian banks
- restrictions on provision of insurance and re-insurance
- restrictions on issuance of and trade in certain bonds
- vigilance over business with Iran
- inspection of and prior information requirement on cargoes to and from Iran
- restrictions on access to EU airports for certain cargo flights
- ban on provision of certain services to certain vessels and aircraft
- restrictions on admission of listed natural persons
- freezing of funds and economic resources of listed persons, entities and bodies
- measures to prevent certain specialised teaching or training
- prohibition to satisfy claims made by certain persons, entities or bodies
- import ban on crude oil and petroleum products
- import ban on petrochemical products
- ban on provision of certain services (related to crude oil, petroleum products and petrochemical products)
- embargo on key equipment and technology for the petrochemical industry
- ban on provision of certain services (to the petrochemical industry)
- ban on certain investment (in the petrochemical industry)
- ban on trade in gold, precious metals and diamonds with the Government of Iran
- ban on provision of new Iranian banknotes and coins
- ban on certain Iranian investment (nuclear industry)
- amendment of the scope of the freezing of funds and economic resources as regards the Iranian Revolutionary Guard Corps
- specific exceptions to freezing of funds and economic resources for Central Bank of Iran, Bank Tejarat and accounts of diplomatic missions and international organizations
- ban on provision of specialised financial messaging services to those subjected to the freezing of funds and economic resources
Yes, JCPOA suspends certain sanctions (mainly related to the petroleum sector of Iran) to 14 january 2016Contact us for details on US sanctions
Iraq- confirmation of embargo on arms and related materiel
- restrictions on trade in cultural goods
- freezing of funds and economic resources
- transfer of such funds and economic resources to Development Fund for Iraq
- restrictions concerning payment for petroleum and gas exported by Iraq (expired on
30 June 2011)
- immunities (expired on 30 June 2011)
Yes.
IsraelNoNoArabic countries prohibit transactions involving Israel
Ivory Coastsee Cote d'IvoireYes.
Korea (Democratic People's Republic of)- embargo on arms and related materiel
- ban on exports of certain goods and technology listed by the UN
- additional embargo on certain goods and technology which could contribute to DPRK’s nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes
- prohibition of procurement of arms, related materiel and other goods and technology listed by the UN
- ban on provision of certain services
- ban on exports of luxury goods
- ban on new commitments for grants, financial assistance and concessional loans to the DPRK
- restrictions on admission
- freezing of funds and economic resources
- ban on public provided financial support for trade where such support could contribute to DPRK’s nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes
- enhanced monitoring of the activities of EU financial institutions with banks domiciled in DPRK and their subsidiaries, branches and other financial entities outside DPRK
- inspection of and prior information requirement on cargoes to and from DPRK
- ban on provision of bunkering and ship supply services
- measures to prevent certain specialised teaching or training
- commitment to take cooperative action to prevent illicit trafficking in nuclear, chemical or biological weapons, ballistic missiles and their means of delivery, related materials and technology
- ban on import and purchase of goods and technology listed by the UN
- ban on trade in gold, precious metals and diamonds with the government of DPRK
- ban on provision of new DPRK banknotes and coins
- restrictions on issuance of and trade in certain bonds
prohibition to satisfy claims made by certain persons, entities and bodies
see North Korea.
Lebanon- embargo on arms and related materiel
- ban on provision of certain services
- restrictions on admission of persons
- freezing of funds and economic resources of those persons
- commitment to cooperate with international investigation
Yes.
Liberia- embargo on arms and related materiel
- ban on provision of certain services
No.
Libya- embargo on arms and related materiel
- embargo on equipment which might be used for internal repression
- ban on provision of certain services
- prior information requirement on cargoes to and from Libya
- restrictions on admission of listed natural persons
- freezing of funds and economic resources
- prohibition to grant certain claims
- vigilance requirement when doing business with Libyan entities
- protection of economic operators against claims
Yes.
Moldova- restrictions on admission
- valid until 31.10.2015
see Balkans related.
Myanmar- Sanctions on Myanmar changed on 2 April 2013, decision 2010/232/CFSP repealed
- embargo on arms and related matériel
- ban on exports of equipment for internal repression
- ban on provision of certain services
'- valid until 30.04.2016
see BurmaContact us for details on US sanctions
North Koreasee Korea (Democratic People's Republic of)Yes.
Russian Federation- see also Ukraine
- embargo on arms and related materiel
- embargo on dual-use goods and technology, if intended for military use or for a military end-user
- ban on imports of arms and related materiel
- (arms and related materiel related) ban on provision of certain services
- (dual-use goods and technology related) ban on provision of certain services
- (deep water, Arctic and shale oil related) controls on export of certain equipment for the oil industry
- controls on provision of certain related services
- prohibition of procurement from Russia of arms and related materiel
- restrictions on issuance of and trade in certain ‘bonds, equity or similar financial instruments’
- prohibition to satisfy certain claims made by certain persons, entities and bodies
- valid until 31.1.2016
- see Ukraine.
Saudi Arabia- none- none- Informal sanctions against The Netherlands (admission for Dutch citizens may be denied/limited, ban on provision of certain services by Dutch companies may be applied)
Serbia and Montenegrosee Yugoslavia (withdrawn 26.11.2014)see Balkans related.
Sevastopol- see Ukraine- see Ukraine.
Somalia- confirmation of embargo on arms and related matériel
- ban on provision of certain services
- inspection of and prior information requirement on certain cargoes to and from Somalia
- embargo on supplying arms and related matériel
- ban on provision of certain services
- freezing of funds and economic resources
- restrictions on admission
Yes.
South Sudan- restrictions on admission
- freezing of funds and economic resources
- embargo on arms and related materiel
- ban on provision of certain services
Yes, the Executive Order does not target the country of South Sudan, but rather targets those responsible for the conflict there, which has been marked by widespread violence and atrocities, human rights abuses, recruitment and use of child soldiers, attacks on peacekeepers, and the obstruction of humanitarian operations (Sudan sanctions, exemption for South Sudan (31CFR212(g)(1))South Sudan independant as of July 9th, 2011
Sudan (North)- restrictions on admission
- freezing of funds and economic resources
- embargo on arms and related materiel
- ban on provision of certain services
Yes, exemption for South Sudan (31CFR212(g)(1)Contact us for details on US sanctions
Syria- embargo on arms and related materiel
- embargo on equipment which might be used for internal repression
- ban on provision of certain services
- embargo on telecommunications monitoring and interception equipment
- ban on provision of certain services (related to such equipment)
- import ban on crude oil and petroleum products
- ban on provision of certain services (related to crude oil and petroleum products)
- embargo on key equipment and technology for the oil and natural gas industries
- ban on provision of certain services (to the oil and natural gas industries)
- ban on certain investment (in the oil and natural gas industries, in construction of power plants for electricity production)
- prohibition to participate in the construction of new power plants for electricity production
- ban on provision of new Syrian banknotes and coins
- ban on new commitments for grants, financial assistance and concessional loans to the Government of Syria
- restraint on commitments for public and private financial support for trade with Syria and ban on new long term commitments of Member States
- prohibition for the European Investment Bank to make certain payments
- restrictions on issuance of and trade in certain bonds
- restrictions on establishment of branches and subsidiaries of and cooperation with Syrian banks
- restrictions on provision of insurance and re-insurance
- restrictions on admission
- ban on trade in gold, precious metals and diamonds with the Government of Syria
- restrictions on access to EU airports for certain cargo flights
- specific exception for Central Bank of Syria (freezing of funds and economic resources)
- freezing of funds and economic resources
- prohibition to satisfy claims made by certain persons, entities or bodies
- ban on export of certain other goods which might be used for internal repression
- ban on exports of luxury goods
- valid until 1.6.2016
YesContact us for details on US sanctions
Tunisia- freezing of funds and economic resources
- valid until 31.1.2016
No.
Ukraine- ban on investment in real estate in Crimea and Sevastopol
- ban on investment in entities in Crimea and Sevastopol
- embargo on certain goods and technology for use in certain sectors (transport, telecommunications, energy, oil, gas and mineral resources)
- ban on provision of certain services (related to such goods and technology)
- ban on provision of certain services related to infrastructure in certain sectors (transport, telecommunications, energy, oil, gas and mineral resources)
- ban on provision of certain services related to tourism
- prohibition for certain ships to enter ports in Crimea and Sevastopol
- ban on imports of goods from Crimea or Sevastopol
- ban on provision of certain services
- prohibition to satisfy certain claims made by certain persons, entities or bodies
- valid until 23.6.2016
- restrictions on admission of
(a) certain natural persons responsible for, actively supporting or implementing, actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, or stability or security in Ukraine, or which obstruct the work of international organisations in Ukraine, and certain natural persons associated with them;
(b) certain natural persons actively supporting, materially or financially, or benefitting from, Russian decision-makers responsible for the annexation of Crimea or the destabilisation of Eastern Ukraine;
(c) certain natural persons conducting transactions with the separatist groups in the Donbass region of Ukraine
- freezing of funds and economic resources of
(a) certain natural persons responsible for, actively supporting or implementing, actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, or stability or security in Ukraine, or which obstruct the work of international organisations in Ukraine, and certain natural or legal persons, entities or bodies associated with them; (b) certain legal persons, entities or bodies supporting, materially or financially, actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine;
(c) certain legal persons, entities or bodies in Crimea or Sevastopol whose ownership has been transferred contrary to Ukrainian law, or certain legal persons, entities or bodies which have benefitted from such a transfer;
(d) certain natural or legal persons, entities or bodies actively supporting, materially or financially, or benefitting from, Russian decision-makers responsible for the annexation of Crimea or the destabilisation of Eastern Ukraine;
(e) certain natural or legal persons, entities or bodies conducting transactions with the separatist groups in the Donbass region of Ukraine,
- valid until 15.9.2015
- freezing of funds and economic resources of certain persons responsible for the misappropriation of Ukrainian State funds, of certain persons responsible for human rights violations in Ukraine and of natural or legal persons, entities or bodies associated with such persons
- valid until 6.3.2016
- prohibition to satisfy certain claims made by certain persons, entities or bodies
Yes, including individuals of the Russian Federation and Smart sanctions
United States of America (USA)- protection against certain effects of sanctions applied by the USANo.
VenezuelaNoYes.
Yemen- restrictions on admission
- freezing of funds and economic resources
Yes.
Yugoslavia- withdrawn 26.11.2014see Balkans related.
Zimbabwe- embargo on arms and related matériel
- ban on exports of equipment for internal repression
- ban on provision of certain services
- restrictions on admission (suspended for specific parties)
- freezing of funds and economic resources (suspended for specific parties)
- valid until 20.2.2016
Yes
LINK

KTFA CHAT WITH BACKDOC, 8 OCT

Backdoc: DOES ANYONE WANT TO GRAB SOME POPCORN AND SEE SOME NEWS?
TONIGHT’S EPISODE OF THE “MAIN EVENT” HASN’T DISAPPOINTED!
WILL THE REPUBLICANS PLAY CHICKEN WITH THE PRESIDENT OR JUST GIVE IN AT THE LAST MINUTE?
BETTER YET, WILL THERE BE VALUED DINAR IN TIME TO PAY BILLS? MMMM
TENSION IS RISING IN THE AIR!
SLAP! I NEED SOME MORE POPCORN!    DOC
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Thunderhawk:   Backdoc Alert
Debt ceiling cash crunch: When millions won’t get paid
Over four different days in November, the U.S. government has to cut checks to Social Security recipients totaling close to $70 billion.
Then there is the salary for federal workers and the military: $12 billion must be paid over five different days.
And don’t forget the interest to all those bond holders with U.S. Treasuries: $30 billion due on November 16.
All those payments underpin the immediate crisis unfolding (yet again) on Capitol Hill over whether to raise the debt ceiling.
Don’t raise it or at least suspend it soon and Treasury Secretary Jack Lew estimates that after November 5 he will only be able to pay the country’s bills with the surplus cash he has on hand plus the daily tax revenue coming in. But at some point it won’t be enough to pay everyone.
Lew said he expects the cash stash to deplete “quickly.”
The Bipartisan Policy Center now projects quickly could mean between Nov. 10 and Nov. 19.
In all, the Center found the Treasury will have to make large daily payouts totaling $48.8 billion on October 30, $33.1 billion on both November 3 and November 16, and more than $15 billion on October 21 and between November 9 and November 10.
On other days between now and the end of November, Treasury will be making payments totaling anywhere from $1.4 billion to $14 billion.
When its cash runs short, millions of people and businesses expecting timely, in-full payments from the federal government may find their checks delayed.
That’s because Treasury will be forced to either postpone all payments due on a given day until it can pay each in full, or to choose which pick and choose who to stiff.
Related: 7 things you need to know about the debt ceiling (yes, that again)
Some Republicans in Congress have made clear that they don’t wish to vote for an increase in the debt ceiling unless it’s pared with spending cuts. Some have also asserted that the Treasury can simply prioritize payments to bondholders and avoid default.
But that strategy bears huge risks politically and practically.
The Treasury pays millions of bills every day. And most of those payments are automated. It pays interest to bond investors from one computer system and makes all other payments from another.
So while technically it may be possible to make interest payments since they’re processed separately, it would be much harder for Treasury to prioritize what to pay among all the country’s other obligations. And many argue that not making any payment due – not just that to bondholders – is a default.
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The one thing Speaker Boehner must do before leaving
Many people are hoping that House Speaker John Boehner will do big things before he vacates the job and Congress. I count myself among them. But there is one thing on that to-do list that absolutely must get done: Raise the debt ceiling.
Contrary to myth and ill-informed bombast, raising the legal limit on the nation’s borrowing is not akin to giving the federal government or the president a blank check. Raising the debt ceiling is not about future spending, but past spending approved by Congress. “Refusing to raise the debt limit does nothing to reduce those existing obligations or cut the deficit,” the Treasury Department explained during the debt-ceiling crisis of 2011. And it’s not as bad as a government shutdown. It’s worse, as the president would have to rob Peter to pay Paul and still come up short in satisfying creditors and anyone else who relies on cash from Uncle Sam.
[Speaker Boehner leaves House in disorder]
There are three reasons for my alarm here, in no particular order because they are all terrifying. One, the vote on the incoming speaker will not take place until Oct. 29, the day before Boehner “zip-a-dee-doo-dahs” his way back to Ohio. Two, the nation will cease to have the ability to pay all of its bills “on or about” Nov. 5. Three, the next speaker of the House might not have the rest of his leadership team in place to corral the votes to raise the federal debt limit. And heaven help us all if Boehner’s successor is House Majority Leader Kevin McCarthy (Calif.).
Boehner’s resignation is effective Oct. 30, so the vote on his successor the day before makes sense. That the rest of the Republican House leadership — the majority leader and the whip — won’t be voted on that day does not. According to the Hill, “It’s possible those elections won’t take place at all” if McCarthy fails in his speaker bid. He would then stay put as majority leader and Rep. Steve Scalise (La.) would remain the whip. But NBC News Capitol Hill correspondent Luke Russert tweeted Wednesday morning that Rep. Tom Cole (R-Okla.) told him that McCarthy “will win” on the first ballot.
If that prediction proves true, McCarthy won’t have a leadership team to help him tend to his raucous caucus. And in three more tweets Russert spelled out why a McCarthy victory is worrisome. In short, the older members of the House Republican conference want Boehner to get the debt ceiling off the table for his presumed successor because they fear it “[could] blow up” due to compromises McCarthy will have to make to conservatives to secure the necessary 218 votes.
[McCarthy will get whipped like Boehner and Cantor]
And this brings me back to the Nov. 5 deadline for raising the debt ceiling. That was the date Treasury Secretary Jack Lew warned Boehner that the federal government would “exhaust” the “extraordinary measures we have been employing to preserve borrowing capacity.” Lew also explained what would happen if Congress failed to act by the deadline.
At that point, we would be left to fund the government with only the cash we have on hand, which we currently forecast to be below $30 billion. This amount would be far short of net expenditures on certain days, which can be as high as $60 billion. Moreover, given certain payments that are due in early to mid- November, we anticipate that our remaining cash would be depleted quickly. Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.
This would all go down exactly one week after the House speaker elections. If Boehner doesn’t take this fiscal bomb off the table, I fear that the Republican-controlled Congress and the House conservative caucus in particular would be content to let the timer run out. The newly minted House majority tried that in 2011 and brought the United States the closest it has ever been to being a global financial deadbeat. Now that there are more of them and they control both houses of Congress, the possibility is very high that the full faith and credit of the United States will be destroyed.
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FROM THE DEPARTMENT OF THE TREASURY
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Backdoc:  LAST NIGHT WE SAW PRISONER RELEASES TO POTENTIALLY REDUCE COSTS OF THE GOVT. !!
TODAY WE SEE AMTRACK IN JEOPARDY OF CUT BACKS! MMMM SOUNDS LIKE A DEFENSIVE MOVE BY THE WHITE HOUSE!
I’M AFRAID THE REPUBLICANS HAVE A MANDATE OTHERWISE WHY WOULD MR. SPEAKER ON THE WAY OUT THE DOOR?    DOC    IMO
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Thunderhawk:   Backdoc Alert
VIDEO: Feared ‘Amtrak shutdown’ is actually a rail system shutdown
By the end of this year, 12,000 route miles owned and operated by freight carriers will have a mandated safety system in place, but that’s only a fraction of the 60,000 miles requiring it.
Come December it could get much tougher to take the train. Or, for that matter, to ship anything on one.
This week Amtrak made waves when it threatened to suspend service on some of its routes unless Congress extends the deadline for the rail carrier to get a major safety upgrade in place.
In a letter to the Senate Commerce Committee, Amtrak warned that the “vast majority” of its network would become inoperable starting in mid-December if the current Dec. 31 mandate for U.S. rail carriers to implement something called “positive train control” stands as is.
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Backdoc:  EMERGING MARKETS HAVE BEEN DECIMATED BY BLACK GOLDS DECLINE.
COMMODITIES HAVE BEEN DRAGGED DOWN BY THIS GLOBAL CURRENCY!
WITH NEGOTIATIONS POTENTIALLY UNDERWAY OR ALREADY AGREED TO PRICES SHOULD EVENTUALLY BECOME STABILIZED BUT OCTOBER COULD RETEST ITS LOWS SINCE WE CONTINUE TO SEE INVENTORY BUILDS.
WE CAME UP TO THE 200 DAY MOVING AVERAGE AND PROMPLY BACKED OFF OF IT AND ENDED DOWN FOR THE DAY!
WITH CHINA COMING BACK FROM A WEEK OFF ITS ANYONE GUESS WHERE WE GO FROM HERE?
MOST BELIEVE DOWN FOR THE SHORT TERM! I’M IN THAT CAMP!    DOC  IMO
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Thunderhawk:    Backdoc Alert
VIDEO: IMF Warns of Growing Emerging Markets Risks*
Morgan Stanley Investment Management Ruchir Sharma discusses the latest in emerging markets with Bloomberg’s Scarlet Fu, Joe Weisenthal and Alix Steel on “What’d You Miss?” (Source: Bloomberg)
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Backdoc:  GLENCORE IS DRAGGING DOWN SOME BIG BANK SINCE IT IS HIGHLY LEVERAGED! WATCH OUT EURO YOU ARE GETTING HIT FROM EVERY ANGLE!
THE BRITS WANT TO LEAVE,
THE SCOTTS SAY THEY WILL LEAVE IF THE BRITTS DO,
ANTI-AUSTERITY FROM DEFAULT IN GREECE,SPAIN AND PORTUGAL ALSO IN A SECESSION BUBBLE,
WOW! THEN LETS NOT FORGET VW ECONOMY IMPACT!    DOC  IMO

Thunderhawk:   Backdoc Alert
Coal Problems Being Made Worse by Global Slowdown, Glencore Says
The slowdown across global economies is exacerbating a coal glut that’s driven prices for the fuel to the lowest level in eight years, according to Glencore Plc.
The market continues to re-balance amid weaker than forecast demand, said Peter Freyberg, Glencore’s head of coal, according to the e-mailed text of his speech delivered in Newcastle, Australia. The mining company, which in February announced it would cut Australian output by 15 million metric tons this year and delay some projects, will continue to review its operations to find ways of saving money, Freyberg said.
Coal prices have collapsed amid a broader slump in commodities that has rocked Glencore, prompting a 29 percent slump in its share price in a single day last week on concern over its debt burden. The Swiss company, the world’s biggest exporter of thermal coal, has since rebounded after it said business was “robust” and it had secure access to funding. Shares closed at 117.85 pence in London Tuesday.
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Backdoc:  TODAY I HEARD A DEALER TALKED ABOUT ON CNBC, IS VERY ANGRY! WILL LAWSUITS BE ON THERE WAY AS WELL?
DEALERS CAN’T SELL A DEVALUED BUSINESS NOW. THEIR INCOME IS BEING CUT.
THIS DEALER SAID HE FELT BETRAYED! MMMMM
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Thunderhawk:  Backdoc Alert
VIDEO: Volkswagen plays down hopes of quick answers over emissions cheating
Volkswagen (VOWG_p.DE) said on Wednesday it would take time to get to the bottom of its rigging of diesel emissions tests, hours before the carmaker is due to give updates on its findings to German regulators and U.S. lawmakers.
More than two weeks after it admitted to cheating U.S. emissions tests, Europe’s largest carmaker is under pressure to identify those responsible, to say how vehicles with illegal software will be fixed and whether it also cheated in Europe.
Backdoc:  LET ME SAY, IMO IF THE EURO GETS A SURVIVAL CHALLENGE THIS BANK AS THE WHITE SOX ANNOUNCER CALLS IT, “HE GONE” !!       TOO MUCH EURO DENOMINATED DEBT!!    DOC  IMO
Thunderhawk:    Backdoc Alert
Deutsche Bank Sees $7 Billion Quarterly Loss on Writedowns
Deutsche Bank AG expects to report a surprise third-quarter loss of 6.2 billion euros ($7 billion) and may eliminate its dividend for the year after writing down the value of its two biggest divisions and boosting its reserve for legal costs.
….
The estimates, announced in a statement Wednesday, are part of a strategy that co-Chief Executive Officer John Cryan will present Oct. 29 as he looks to shore up capital and boost profitability at Europe’s biggest investment bank. Deutsche Bank’s American depositary receipts tumbled 6.4 percent after the disclosure to $26.96 at 4:22 p.m. in extended trading in New York.
The firm said it’s taking a 5.8 billion-euro writedown of goodwill and intangible assets as higher capital requirements reduce the value of its investment bank and it adjusts the estimate of what it will receive in the disposal of its Postbank unit. The Frankfurt-based lender also is adding about 1.2 billion euros to its litigation reserves.
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Backdoc:   YES MY FRIENDS OIL WILL BE POLITICALLY STABILIZED BUT IT MIGHT NOT BE A SMOOTH TRANSITION!
THIS CURRENCY HAS BEEN AND WILL CONTINUE TO BE DEFLATIONARY! CURRENCIES WILL HAVE TO ADJUST TO LOWER PRICES FOR YEARS TO COME!
REMEMBER 60.00 PER BARREL IS LOW COMPARED TO THE PEAK OF 110.00 PER BARREL!   DOC   IMO
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Thunderhawk:   Backdoc Alert
Four Ways the Oil Price Crash Is Hurting the Global Economy
Remember when the oil price plunge was going to be a huge economic tailwind?
Lower oil prices were roundly celebrated as a tailwind for global growth.
In theory, the movement of wealth from commodity producers, which often stow away oil revenue in sovereign wealth funds, to consumers, which spend a far larger portion of their income, is a positive for economic activity.
But strategists at Credit Suisse believe that so far, the global economy has seen only the storm from lower crude, not the rainbow that follows.
“The fall in the oil price was considered by many investors, and ourselves, to be a significant positive for global GDP growth,” a team led by global equity strategist Andrew Garthwaite admitted.
The net effect of this development, according to their calculations, has turned out to be a 0.2 percent hit to the global economy.
The negative effects of lower oil—namely the large-scale cuts to capital expenditures—are having a large and immediate impact on global gross domestic product.
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Backdoc: COULD THIS BE THE TRIGGER TO AN ACCIDENT ON PURPOSE? WE WATCH!!    DOC    IMO
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Thunderhawk:  Backdoc Alert
Banks’ Glencore Exposure Is a $100 Billion `Gorilla,’ BofA Says
Global financial firms’ estimated $100 billion or more exposure to Glencore Plc may draw more scrutiny as regulatory stress tests approach after the commodity giant’s stock plunge this year, according to Bank of America Corp.
Bank shareholders and regulators may be concerned that Glencore’s debt and trade finance deals, of which a “significant majority” are unsecured, will reveal higher-than-expected risk and require more capital once the lenders are put through U.S. and U.K. stress tests, BofA analysts said Wednesday.
Adding an estimated $50 billion of committed lines to the company’s own reported gross debt, the analysts say financial firms’ exposure may be three times larger than Glencore’s reported adjusted net debt of less than $30 billion.
“The banking industry may have significantly more exposure to Glencore than is generally appreciated in the market,” analysts including Alastair Ryan and Michael Helsby said in a note titled “The $100 Billion Gorilla In the Room.” The commodity-price bust and “stress in Glencore’s share price and debt spreads may spur a review by investors, supervisors and bank management,” while “bank shareholders may pressure managements to reduce exposures,” they said.
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Backdoc:  WELCOME TO THE POWER OF THE NEW GLOBAL REALITY !!!!
THIS CHANGES EVERYTHING ON TRADE! THIS IS CONTROL 101 !!!!!!!   DOC   IMO
FRANK I DESERVE A COOKIE FOR THIS ONE!!!
GREAT FIND THUNDER!! BAMM!
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powerofprayer   BACKDOC,    Customs, what about TSA, DHS?
Backdoc:   TSA I BELIEVE WILL BE FOCUSED ON PEOPLE SURVEILLANCE IN AIRPORTS AND ARE UNDER GREAT SCRUTINY PRESENTLY!
DHS MAY BE ELIMINATED SOON SO SAYS RUMORS! WE WATCH!     DOC   IMO
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Thunderhawk:   Customs will have the power to hold goods under TPP
Customs will be given new powers to hold goods at the border that they suspect breach copyright or trade marks under the Trans Pacific Partnership.
And those who find themselves on trade mark infringement charges could pay more, with New Zealand courts to be given new discretion to award additional damages.
Those penalties would come on top of the compensatory damages already provided for under New Zealand law for trade mark infringement.
TPP will also require a new ‘patent linkage’ system to be established, where a pharmaceutical patent holder would be notified if a generic version of their product is submitted to Medsafe for regulatory approval.
New details on the TPP were released by the Ministry of Foreign Affairs and Trade (Mfat) today in the form of fact sheets, including one on intellectual property.
Customs will need to be given new powers that would allow it to act on its own initiative to temporarily detain material suspected of breaching copyright and trade marks.
The Government has also agreed to extend existing laws on technological protection measures (TPMs).
TPMs are technical locks copyright owners use to guard or restrict the use of their material stored in digital format, such as encryption software.
Currently it has not been a criminal offence to circumvent a TPM, but it is to engage in large-scale commercial dealing in devices or other means to enable people to do so.
New requirements under the TPP are to provide civil and criminal penalties against people breaking TPMs – not just those dealing in devices that allow them to be skirted.
There will, however, be clear exceptions in cases where there is no copyright issue – for example, if someone plays region-coded DVDs legally purchased while overseas.
The exceptions are not set out in the TPP – they will be decided by the Government during implementation.
The new ‘patent linkage’ system to be established would notify pharmaceutical patent holders of generic versions of their product submitted to Medsafe, and give them enough time to seek preliminary injunctions to stop drugs entering the New Zealand market.
The resolution of disputes would remain a matter for the courts, not Medsafe.
An exception already in New Zealand law, that allows the use of a patented pharmaceutical to try and get regulatory approval for a generic version, will remain.
New Zealand has also agreed transition its 50-year copyright period to 70 years.
That will mean New Zealand consumers and businesses will forego savings they otherwise would have made from works such as books, music and films coming off copyright earlier.
The Government still estimates the long-term average annual cost to be around $55 million.
There will be no major changes to how liable internet service providers are for copyright infringements. There had been fears from some internet user groups that the TPP would make ISPs terminate accounts or take other action against users.
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Backdoc:  STAGNATION IS NOT GOING TO BE INFLATION FOR SURE!
I’M SURE THEY ARE WORRIED ABOUT DEFLATION!
GET THOSE OIL PRICES UP A LITTLE AND IT WILL HELP BUT THAT MAY NOT BE AS QUICK AS SOME HOPE FOR!!    DOC   IMO
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Thunderhawk:   IMF Warns World Financial System Faces Risk from Emerging Markets
In its most recent Global Financial Stability Report, the International Monetary Fund warned that emerging markets could be a source of instability. This is mainly due to weaker commodity prices, slower economic growth, share market volatility, and high levels of company debt. The end result could be a global economic output cut of 3 percent.
The report calculated that companies and banks in the developing countries had over-borrowed an estimated 3.3 trillion in US Dollars. If the Federal Reserve raises its interest rate, emerging markets will become vulnerable to higher borrowing costs.
The IMF singled out China as the main country of concern as it modernizes its economy. According to the IMF, “The Chinese authorities face an unprecedented policy challenge in carrying out their objectives to make the transition to a new growth model and a more market-based financial system.” In response to this statement, PBOC’s deputy governor Yi Gang said not to worry as China will “pretty much” still have middle-to-high growth in the near future.
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Backdoc:   MOVE OVER SDR!! MAKE ROOM FOR CHINA IN NOVEMBER!!
NOW WHO GETS KICKED OUT? MMMM MAYBE THE EURO??? MMMM    DOC   IMO
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Thunderhawk:  China adopts IMF statistical benchmark, improves transparency
BEIJING, Oct. 8 (Xinhua) — China’s official statistics will conform to the Special Data Dissemination Standards (SDDS), a statistical system created by the International Monetary Fund (IMF) to improve transparency, the central bank has announced.
With approval from the State Council, China’s cabinet, People’s Bank of China (PBOC) Governor Zhou Xiaochuan informed IMF Managing Director Christine Lagarde of China’s decision, the central bank announced on Thursday morning.
Since 2002, China has used the General Data Dissemination System (GDDS), which the IMF set up in December 1997 to provide a framework for countries to adapt and improve their statistical systems.
The GDDS applies to all IMF members, while the SDDS applies to member countries that have or are seeking access to international markets.
The SDDS was started by the IMF in 1996 to help it gain access to regular economic and financial statistics and assist participating countries in crafting updated economic policies and gaining access to financial markets.
Chinese President Xi Jinping promised last November at the Brisbane G20 Summit that China would switch to the SDDS.
In the past year, China’s central economic agencies, including the National Bureau of Statistics, the PBOC and the Ministry of Finance, have worked to meet the IMF’s SDDS statistics requirements.
The adoption of SDDS is a necessary step in reform and opening up, which will further improve China’s statistical transparency, credibility and comparability among different economies, the PBOC said.
On Wednesday in Peruvian capital Lima, PBOC Deputy Governor Yi Gang and David Lipton, first deputy managing director of the IMF, attended a ceremony to celebrate China’s adoption of the SDDS.
At the ceremony, Yi said China and the IMF have been working together to improve China’s statistics for many years, and subscribing to the SDDS is another milestone in the collaboration.
“We are committed to strengthening our statistical system and enhancing transparency, as this is not only crucial for our own policy making, but also beneficial for a better understanding of the Chinese economy by the outside world,” Yi said.
The IMF welcomed the move, calling it “an important advance.” Lipton said adhering to the SDDS shows “China’s strong commitment to transparency as well as to the adoption of international best practices in statistics.”
The United States also welcomed China’s commitment to release economic data in accordance with the SDDS by the end of the year and China’s continued efforts to enhance transparency.
China recognizes the importance to successful RMB internationalization of meeting the transparency standards of other major reserve currencies.
The consensus between the world’s top two economies was one of important results arising from President Xi’s state visit to the U.S. late last month.
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Backdoc:  WOW!   ANOTHER GLOBAL FUNDING SOURCE!
THIS WILL BE THEIR AGENDA TO CREATE A GLOBAL TAX! THE NEW GLOBAL EMPIRE WILL NEED MONEY HONEY!   DOC   IMO
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Pappa-J:  HUUUMMM , MAYBE THIS IS FIRST SIGNS OF PARALLEL MONEY SYSTEM THAT I SUGGESTED WEEKS BACK —-
WTO, IMF CONTROLS TRADE NATIONS BECOME DOWN TRACE OF MONEY STREAM ,—- CONTROL THE MONEY CONTROL THE NATION —
IMO A LOT BETTER THAN JUST CONTROLING THE CENTRAL BANKS ,NOW THEY GOY THE WHOLE COOKIE AAAANNND FRANKIE THEY AINT GONNA SHARE THIS ONE WITH YOU PJ
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Thunderhawk:  Now ‘right moment’ for carbon tax: IMF chief Christine Lagarde
The time is right for governments to introduce taxes on carbon emissions, which would help fight global warming and raise badly needed revenue, IMF chief Christine Lagarde has said.
The time is right for governments to introduce taxes on carbon emissions, which would help fight global warming and raise badly needed revenue, IMF chief Christine Lagarde has said.
“It is just the right moment to introduce carbon taxes,” Lagarde said at the annual meetings of the International Monetary Fund and World Bank in Lima, Peru yesterday.
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Backdoc:   NOW THIS IS WHERE THE DINAR GOLDEN CHILD WILL MAKE A DIFFERENCE!
WHEN THAT TYRANT MALIKI IS ARRESTED, LAWS ARE IMPLEMENTED, AND THOSE PESKY ZEROS GET FINALLY LIFTED VERY SOON, WE WILL SEE THE GLOBAL RESET TAKE ON NEW LIFE!
DOC   IMO
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Thunderhawk:  China’s slowdown effects global economy: IMF
China’s slowdown has repercussions on the global economy, but the impact will be greater in countries that have greater trade exposures with the world’s second-largest economy, the IMF has said.
“What happens in China has repercussions for the entire world economy. These repercussions are greater in countries that trade with China or that depend on exports which China consumes very intensively,” said Maurice Obstfeld, IMF Economic Counsellor and Director of Research Department.

Backdoc:  THE FINANCIAL DISTORTIONS ARE GETTING WORSE THE LONGER THE FED STAYS PINNED IN A CORNER UNABLE TO MOVE! WITH JOB LAYOFFS BEGINNING TO BE IMPLEMENTED THE FED IS DEAD!
BRING US THE GLOBAL MONETARY REFORM AND WAKE US UP FROM THIS BAD DREAM!!  DOC   IMO
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Thunderhawk:   US Federal Reserve ‘Should Wait’ on Raising Interest Rate
IMF Monetary and Capital Markets Department Director Jose Vinals said that amid more uncertainty in the global economy, it is the IMF’s judgement that the Federal Reserve should wait to increase policy rates until there are further signs of inflation rising steadily towards its objective with continued strength in the labor market.
The US Federal Reserve should postpone an interest rate increase as uncertainty in the global economy continues to exist, IMF Monetary and Capital Markets Department Director Jose Vinals said in a press conference on Wednesday.
“Amid more uncertainty in the global economy, it is our judgement that Federal Reserve should wait to increase policy rates until there are further signs of inflation rising steadily towards its objective with continued strength in the labor market,” Vinals said.
In September, the US Federal Open Market Committee, a body that operates under the Federal Reserve, announced it would keep the interest rate unchanged at 0 to 0.25 percent range.
Federal Reserve Chair Janet Yellen said increasing the interest rate will depend on wide range of economic and financial indicators, including progress towards the 2 percent inflation target and improved labor market conditions.
Yellen also noted that the longer the Federal Reserve waits in increasing the interest rate, the steeper subsequent rates increases will be.
Vinals, however, urged the US authorities to adhere to gradual changes in the further rates hike.
“The pace of subsequent policy rates increases should be gradual and well-communicated,” he argued.
The Federal Reserve has previously stated that an interest rate increase could take place before the end of 2015.
**
Backdoc:   GOOD NIGHT ALL!
Thunderhawk:    END KTFA’S GLOBAL EYE NEWS NETWORK