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Wednesday, October 21, 2015

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 21 OCT

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

TNT FORUM AND CONFERENCE CALLS BILLS DUE:  Please donate what you can.

Tony:  Gooooooooooood Morning TNT.  We are here again when we very well should not be.  Because we are here and it is the 21st and we need to pay our bills.  We hope we never have to pay (them) again. 
Tony had received messages that both Canada and Puerto Rico expected it after 3:00 pm on Monday.  People let Tony know they were upset it did not happen yesterday.  Tony's response was, "20th thru 25th is what I said.  Not on the 20th."

Tony got message from 1 bank that the dates were moved from Oct 25th to Nov. 3rd.  When he checked with another bank they were still saying Oct 20th - 25th.  Tony is expecting more information to define the dates.  Tony explained some PTB are "jerking" the whole world around with giving notices for dates and then it does not go through. 

 Tony:  I still believe in the first window. Don’t know which date is right.  Thruough the 25th or through the 3rd  Tony also said if he gets information the date has moved he will "tweet" it out to everyone.

Tony’s informers in Iraq said the information they received was the RV release was to be on the 20th. Also told the bills and lower denoms would come out.  Tony: I don't think President of any country would intentionally make himself look bad. Putting out goals he wants to get accomplished in that time frame.  (no battles going on between other forces).  Tony:  Another issue holding it up

CURRENT WINDOW:  Tony said the bank issued new window of time but Tony did not say it changed from the 20-25th.
                                    Daz in slow chat during call: . . . he meant that, that was a "go window" since Monday.
IRAQ:    Investment law passed yesterday.  People have not been paid yet this month. Tony:  Have it on their cards.  Gov. people, contractors, right people at various levels telling us.
  • TV /Mosques:  In the mosques told people the laws were completed to protect their money and encouraging them to put their money in the banking system.  It was equated to their money being insured like the FDIC does in the USA.   This was so people would keep their new wealth, under the new rates, in the system and not under their bed.
  • People Upset at not seeing the RV:  Tony. . .  nobody intentionally making themselves look bad, or lie to their people. No benefit to it. Stops the people from rioting in the streets, but you only get so much mileage out of that.
INTERNATIONAL:    
  • China is asking to be a global currency.  That is different that being a reserve currency.   Tony:  I don't see that happening.  A global currency is a totally different animal.
  • Rates    Nothing was given on rates today.
UNITED STATES:     
  • Notification Timing:  Tony: I think everyone will hear about it as the same time. When it's actually, announced in Iraq. . I'm in California and guarantee 10 people will call me it just happened.. . The announcement will go out to all at the same time.
  • Tracking of currency purchases:  Tony doubts that tracking is done by who purchased what, from whom.
  • Stolen currency can be declared for loss on taxes.  Needs to have notarized statement to facts of theft.       
EXCHANGING:   Some banks will exchange only their customers or people who already have accounts with them and other bank(s) who will exchange everyone and give them an  option to move their funds later.   

CLOSING STATEMENTS:

PAM:  As DC said, most complex financial transaction in the history of man.  It’s not about us.  It’s not about the US.
RAY:  When am I going to see it Wednesday?  Time will tell.
TONY:  I try to get people to a place where they can understand it.  Our last set of numbers were so much better than what we had been talking about.  Patience.  Actions being taken is what we are paying attention too.  Actions, rates, all is good.
Have plan in place.  Do I know where I’ll put it?  Grow? 
Not going to change anything else.  Not getting in a battle with US government that does not pertain to us.  Everything else is positive.  Very positive. 
Don’t know which date is right.  Thruough the 25th or through the 3rd
Have to pay the bills again. I didn’t think we’d have to.  Thought it would be over and done with.  NO negative out there.  Nothing pointing to January at all.  Indications I have are something going to happen this month.  They have not been paid yet.
Everybody please enjoy your day.  I'll enjoy mine.  Hopefully we don’t have to do this again on Friday, but if we have too I’ll be here to do it.

FRANK26 TIDBIT, 21 OCT

Frank26:  I call it a LAVA FLOW for a very good reason.
Have been SHARING that the last 3 weeks to be ……. S .. L …. O … W.
But may I suggest that after next MONDAY and After Your MONDAY CC ………. THE LAVA FLOW WILL BECOME LESS VISCOUS ………. It will run at a much Quickened Pace !
In fact may I suggest that the viscosity lessens starting today ……… Yellow Light.
Told You WHY ………. Last night and WHAT would be done on that day…….. 2 come.
Fascinating ………… Was YOUR CC LAST NIGHT …….. No?
Soon Iraq will SING and Write of their EPIC journey.
I know You think EPIC means …….. History……… But it does not.

In it’s noun form EPIC means a long narrative poem telling of a hero’s deeds. An epic is also a long poem or other work of art celebrating heroic feats.
There are THREE of THEM.
After (Business Promo)  CC tonight ……….. Want to SHARE the rest that I did not get to last night…….. We have too much.
For example ……….. Iraq will be off the USD by 1/1/16.
AND ………. Last night the Integrity Commission announced Tuesday the arrest against others of the current Ministry of Commerce a number of Director’s Generals of The Ministry.
COOL !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AND ………. REAL RIAL REASONS.
AND ……… Well ……… Join me tonight …….. This INTEL stuff is ridiculous every 24 hours LOL.

Aloha  KTFA    Frank

BACKDOC UPDATE, 21 OCT

MAIN EVENT NEWS!
MAYBE NOVEMBER 3RD WILL BEGIN THE OPPORTUNITY!  DOC IMO
China is Calling for a Global Currency
10/20/2015
China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week’s London summit on the financial crisis.
The surprise proposal by Beijing’s central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea.
The world economic crisis shows the “inherent vulnerabilities and systemic risks in the existing international monetary system,” Gov. Zhou Xiaochuan said in an essay released Monday by the bank.
He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help “to achieve the objective of safeguarding global economic and financial stability.”
Zhou did not mention the dollar by name. But in an unusual step, the essay was published in both Chinese and English, making clear it was meant for a foreign audience.
China has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any response to the crisis that might weaken the dollar and the value of Beijing’s estimated $1 trillion in Treasuries and other U.S. government debt.
For decades, the dollar has been the world’s most widely used currency. Many governments hold a large portion of their reserves in dollars. Crude oil and many commodities are priced in dollars. Business deals around the world are done in dollars.
But the financial crisis has highlighted how America’s economic problems — and by extension the dollar — can wreak havoc on nations around the world. China is in a bind. To keep the value of its currency steady — some say undervalued — the Chinese government has to recycle its huge trade surpluses, and the biggest, most liquid option for investing them is U.S. government debt.
To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a “reserve currency” based on shares in the body held by its 185 member nations, known as special drawing rights, or SDRs.
He said it also should be used for trade, pricing commodities and accounting, not just government finance.
In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China’s call for a global alternative to the U.S. dollar’s role as the international reserve currency.
And the European Union’s top economy official said the dollar’s role as the international reserve currency is secure despite China’s proposal.
“Everybody agrees also that the present world reserve currency, the dollar, is there and will continue to be there for a long period of time,” EU Commissioner Joaquin Almunia said Tuesday after a meeting of the European Commission.
Zhou also called for changing how SDRs are valued. Currently, they are based on the value of four currencies — the dollar, euro, yen and British pound. “The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies,” he wrote.
Beijing has been unusually bold in recent months in expressing concern about Washington’s financial management and pushing for global economic changes. That reflects both its relative financial health and growing concern that increased globalization means missteps abroad could harm its own economy.
Zhou’s comments are also part of China’s longstanding push to reform the IMF, World Bank and global financial system to give greater voice to China and other developing economies — another theme that will be heard from China, Brazil, Russia and India at the summit of Group of 20 major economies next week.
“Overdue reforms should give proper representation to and increase the say of the emerging and developing economies,” Yi Xianrong, a researcher with the Institute of Economics and Finances at the Chinese Academy of Social Sciences, a government think-tank, wrote in the government newspaper China Daily.
“Proper representation and a bigger voice for the developing countries are the need of the hour. For instance, being the world’s third-largest economy and the largest foreign reserves holder, China should get its due place in the monetary body.”
Another idea Yi raised was that the U.S. and Europe should give up their traditional privileges of appointing the heads of the World Bank and the IMF.
The idea of a creating a new global reserve currency isn’t new. But analysts say the proposal isn’t likely to gain much traction because it faces major obstacles. It would require acceptance from nations that have long used the dollar and hold huge stockpiles of the U.S. currency.
“There has been for decades talk about creating an international reserve currency and it has never really progressed,” said Michael Pettis, a finance professor at Peking University’s Guanghua School of Management.
Managing such a currency would require balancing the contradictory needs of countries with high and low growth or with trade surpluses or deficits, Pettis said. He said the 16 European nations that use the euro have faced “huge difficulties” in managing monetary policy even though their economies are similar.
“It’s hard for me to imagine how it’s going to be easier for the world to have a common currency for trade,” he said.

TNT CC NOTES BY ADEPT1, 21 OCT

TNT Call notes 21-October-2015

Tony:  Good morning, TNT!  Today is Wednesday, October 21, 2015.  We are here again, where we should not be.  I really didn’t expect or want to be here now, but here I am.  This is One-Question Wednesday according to Pam, and she always gets her way, so make it a good question.
We didn’t expect to be here, had the option not to be here, but because we are here, we need to pay the bills. They are red, and Pam reminded me.  We always hope that this is the last one, and I was surely hoping this time…
When are we going to the bank??  Let’s get this money. Everyone was ready to go yesterday, and we were told were eligible to go on Monday at 3 o’clock.  After 3 o’clock, everyone was ready to go.  We are waiting for actions, not words, and look for certain actions in the government offices, here and in Iraq as well as other countries.  Canada was telling their people that “this the time” and Puerto Rico was doing “that”, that notices were being given in the mosques in Iraq, and from different banks here as well.  We look at all that and it points us to the true time.  Some of the people giving us information are getting concerned that we don’t listen to their intel.  If we are getting something from one direction, and we get 7-8 similar pieces from different countries and sources, then I have to pay attention to all those sources (which agree with each other).  If eight people say the sky is blue and two say it’s pink, you are going to believe the eight!   Nine times out of ten, those eight people are going to be correct.  We do know that some sources are giving us bad information, and we know who they are and when they are going to give it to us. 
I got a text this morning that said, “On today’s call, please address why it didn’t happen on the 20th as you said”.  I told you clearly that on the calls that the window is the 20th to the 25th.  I don’t know why it didn’t happen yesterday – it could happen today, tomorrow, any time up until the 25th.  You have to listen and understand that this is in somebody’s plan, that they are putting out this information to the banks, government offices and exchanges, not just in the USA but to the entire world.  So don’t take it personally – I don’t.  I clearly said that right next to the rate it says 20-25. October.  If you don’t like it or understand that, hang up now.
Not t=30 minutes ago, I heard the new dates are the 25.October to the 3.November.  That was before the call started.  I just got a text from another bank saying 20-25th is still on their schedule.  I now have to wait to find out if the other bank didn’t get the message or what.  I am waiting to talk to my trusted sources.  Meanwhile, many have said to me that this is still on the cards to happen any time. 
In Iraq, they said in the mosques that the laws are complete to protect their money in the banks and they are urging people to put their money in the banks, that they are insured as with the equivalent of the FDIC.  If anyone takes their money, they will be prosecuted.  They need that so that when this money starts flowing, they won’t withdraw all their money.  The funds are on the cards, and they need to have that money on deposit so they can do their fractional banking in Iraq.  They want to build confidence in the banks now that it’s going international.
We are still in a good spot.  I told you what I heard just before the call started.  Everything has been accomplished and we truly don’t know what they are waiting for.  Yesterday the banks got a new date, and today they got told a window. That’s where we are at.  I really didn’t think we would be here today;  we should have gone over the weekend.  The date the banks got last night was still within our window, and then they got a new window this morning.  We have to wait and see what happens.
404 caller:  You said that you had the option of not being on this call – is that an option you could choose, or an option given to you by your sources?
Tony:  Did I say that??  I don’t recall saying anything like that. I would prefer not to be on this call and was hoping not to HAVE this call.  I didn’t think we would have this call today.  On Monday, everyone was so excited and ready to go, and we even had a time.  Every call could possibly be the last call, and our information keeps telling us we are within that time frame.  The people calling me are so excited because so many people are being notified, and then it doesn’t happen.  We are getting this information from around the world, so they are jerking everyone around now!
Caller:  Vegas, Vegas, Vegas!  So we can celebrate the end of an era…
951 caller:  I’ve been trying to get on the call forever!  Do we need to have accounts set up ahead of time?
Tony:  My understanding is that some banks will only exchange their prior customers.  Other banks will accept anyone and give them the option to move their funds.
Caller:  Someone stole some of my dong, and I have receipts.  [my computer crashed]
Tony:  There is not much you can do about it, if they stole it now;  afterwards it would be a different question.  I would document the theft on my computer and notarize it, for your own peace of mind.
Caller:  Vegas, Vegas, Vegas!
702 caller:  I’m on a day-by-day.  [Appreciation]  Vegas, Vegas, Vegas!
559 caller:  I have my bags packed, in the car, waiting for the call!  We heard that Wells Fargo is doing some stuff today;  how does that affect everyone on the two different coasts, given that the East Coast will hear things first?  Will that be an issue?
Tony:  When you hear WF is going to do something, is that announcing the RV or early exchanges?
Caller:  Possibly to start scheduling appointments?
Tony:  There are a lot of rumors out there.  Most of the early exchanges that have taken place have been East Coast to the Midwest.  Last time there were exchanges, there were 20 locations, and not that many at each one.  The banks have their lists of people who purchased currency from them, and it makes sense that they call their loyal customers.  I think that when it really happens, everyone will get word at the same time. When it is announced in Iraq, I have at least ten people who will call me, so we will be notified. It’s not anything they can hide, so it will be announced to everyone at the same time, and everyone will have equal access to the contract rates. 
Caller:  So this window, it sounds like they might be pushing it to the beginning of next month.  A lot of people will be on pins and needles, so can you possibly tweet when you hear at the end of the day? 
Tony:  Take away their anticipation, you mean?  If I can get it from the right people, and confirmation from reliable people, yes, I can do that.  I don’t normally, but if all the actions  point to a later window, then I can let you all know so you can relax and enjoy your weekend.
Caller:  I still anticipate the 20th to the 25th, and I’m sending you a contribution, too.
Tony:  Remember, they still have this on their cards.  Shop-owners, merchants, ordinary citizens… even if they were lying to me, why would they lie to other countries who don’t have TNT calls?  I am looking at the big picture, and it’s on their cards, but they haven’t been paid this month.  They are doing this for a reason.  I am still looking for that time frame until it’s gone, because it makes sense.  I try to do what I can do.  I talk to my team and see where the pieces fit (or not) and then bring it to you.
Caller:  [Appreciation]  Vegas, Vegas, Vegas!  Here we come!
719 caller:  I was hoping to be more than super-fantastic, but I’m a lady in waiting.  For the guy who had his dong stolen, he can take the cost as a tax-deduction on his Schedule D, and offset his gains.  But he’d need a notarized statement that it was stolen.  He’d have to do that for what he paid for it, because he didn’t realize the gain.  He can get with a tax attorney and see what he can do, but if he wants to take the value after RV, he’d need a police report.  He has to have some kind of statement that gives the facts.
We’ve been hearing the lower denominations and the coins were coming out by the 20th.  What is happening in Iraq that this keeps being delayed??
Tony:  Okay.  The banks the said the window is the 20-25;  the guy in Iraq said that this would be released on the 20th, and it didn’t happen at that time.  They were also told the fils and the lower denoms would come out.  This means that other people are making PM Abadi look bad and causing people to lose confidence, because he keeps putting out the messages that the reform is complete.  So that is why people are losing confidence in him. I don’t think the president of any country would intentionally make himself look bad.  He is trying to put this out in the time frame and they are not allowing him to move that fast or on the dates he stated.  How many times can one cry wolf?  It’s up to the Iraqi people to decide when enough is enough.
Caller:  I’m surprised the agencies would do that to him. They keep saying all these laws have been passed, and the various gurus say that Iraq is moving forward. Is Parliament at odds with some of these laws?  Or is it outside sources holding them up?
Tony:  We have been watching this for years.  We always knew that there were battles going back and forth between Iraq, the PM, Parliament, etc.  We saw articles going back and forth, but now we see none of that.  There is a united front apart from how to handle Maliki, and even that is going on behind closed doors.  We see no controversy about HCL, etc., so there must be another issue holding this up, whether it’s about removing people from office, those in the banks or shops ripping people off..  Those are the things being accomplished now.  Do we need to have every T crossed before we see the RV?  No.  They do still need to grow, but this is holding up the world’s economy because that is all based on the foundation fo the dinar.  I think it’s an outside influence, because nobody intentionally makes themselves look bad. There is no benefit to them apart from keeping people from rioting in the streets, but that won’t last that long.
That goat and anyone who is telling you January, 2016 – can they tell you exactly why they think it is going to be that date?  I can tell you everything that says it IS going to happen;  can you tell me the information that supports it happening mid-January, or whenever?  We can show you right now is when the banks, the mosques and the government of Iraq is saying, so kindly give me the same information.
Caller:  People get upset about the Mtn Goat, but that person is not being forthright about who they are, where they are or even their gender.  Actually, I wonder if that person is being paid to encourage people to give up!  They are saying ‘it’s on, it’s off, it’s this date, no, it’s later’…
Tony:  There are people out there like that – people in groups and it’s clear that is their job. I understand that.  There are some idiots out there who call themselves gurus, and they are mad this hasn’t happened.  You can and should listen to what everyone says;  that is what I did when I first started looking into this.  I do have enough sense to stop listening to them when they stop making sense, even me!  If there is someone out there with better information, listen to them.  I don’t listen to those other people any more.
Caller:  The Goat is only posting from old articles that come out after the fact. Hopefully this will be done and we can move forward. We are not going to Vegas but we would like to attend one of Ray’s workshops, if you could post them on the site.
Tony:  Pam…?  There are concerns I got today about China becoming a reserve currency, like the US dollar is a reserve currency.  There is nothing wrong with that, and the IMF was supposed to announce it yesterday.  That is different from the NBC article saying China is asking for the yuan to be a GLOBAL reserve currency.  That is like the Euro, with a group of countries all using one currency when working with each other.  I don’t see that happening, personally, because who would dominate that?  The whole world would be affected when one country/currency went up or down.
770 caller:  We keep blowing past all these windows with erroneous reasons why.  What would be any incentive to do what needs to be done and move this on?  Someone must be benefiting from these delays, because the average citizen certainly doesn’t.  From what we understand, the Iraqis are struggling and their government looks bad.  How can you do that over and over again?  Someone has to be getting something out of this.  [saying the same thing over and over again]
Tony:  We know this, and all I can tell you is what they are telling their people and what they are getting prepped for.  The banks are going through the same thing, people coming in early, making lists, staying late last night, ready to go.  I heard that Canada was to go on Tuesday morning.  I can’t be concerned about how or when, all I can do is give you the information.  I have been told that we will not go until the average Iraqi citizen goes, and I’m rooting for them to go so that we can go.  We’re not going to exchange until the average Iraqi citizen has been paid.  A few people here and Iraq and in Canada have already exchanged as part of moving the process forward.  All we can do is to hope that whatever is holding this up let’s go and this goes forward.  Many people in the US are still on alert, and we won’t know what’s going on until later this afternoon.  All they can go is stay ready.
I don’t know that we are suffering just so that they can make money… or if we are waiting for the benefit from those other people who don’t’ have currency but may suffer if this is not prepared right.  At one point, we could have exchanged, but the dollar would have lost a lot of its value and everyone would have suffered.  “They” don’t’ have to hold this so they can make money – they have money, and they will get even more when this goes through.  The privileged will have even more privileges, and we will have some as well. They are not doing lots of exchanges;  they are doing five here and ten there.  They are training new people because the ones from four years ago have moved on.  They are doing these few exchanges as a training exercise.  I don’t mind, because I know the rate and I know that we are going to get this.  Nothing we say can affect the decisions our government makes that relate to other countries and the global economy. That will not affect our rates or our participation, and there is no reason for us to be involved because we’re annoyed that someone got paid in front of us.
One day we’re going to get paid, at this rate.  They don’t care that you are annoyed and upset that others have been paid in front of us.  I want to get paid, too!  But I’ve been told four separate times that I have to wait.  So I’m doing everything I can while I can.  They are not going to change the schedule and goal because the internet people are angry.  All we can do is find out how close we are to that step.
Pam:  I’m here, just waiting for the caller to stop ranting and taking up all the time. I know there are others who feel that way, but this the most complex financial transaction in the history of mankind and it’s not about us.  It’s global!
Ray:  Continue to enjoy When am I going to see it Wednesday…
Tony:  I understand the frustration, but there is so much positive going on, and the last set of numbers was so much better.  It’s all good, and the timing is very much here, not just from what they are saying but the actions being taken.  The memos, the rates are all good.  Don’t worry about the timing, focus on getting ready and making sure you have a plan to create a legacy.  Put your emotional energy there. We are not going to fight the US government over something that we cannot change.
I probably won’t find out until this afternoon what everyone else is doing and saying.  We do have to pay the bills (though I didn’t think we’d have to).  Enjoy the rest of your day. There is nothing pointing to January.  Every source I have is pointing to this month.  I heard the last day is the 3. November and I told you that right away… and that might be because I gave you the dates 20-25. October.  I truly hope we will not be here on Friday but if we have to, we will.

TNT & KTFA CHATS UPDATE, 21 OCT


TNT:


ZebraGirl:  Today's the "Back to the Future" date. Wouldn't that be something, lol.

Nissi: zebragirl...right?! 4:29pm today complete

elmerf123456 : So here's what we know. China is in London We know it will be a reserve currency Reforms are done! Laws are done and passed with small refining! International Investors are on sidelines ISIS is under control CBI Reserves down to 50 Billion And we still sit.....but not for long cause movement is needed and it's needed now.

Conrad:  Elmer; How much does the elections influence the process if any, please share?

elmerf123456:  This is much bigger. This is about financial positioning with both the the East and the West and how that fits in to the world In regards to Global Economics.

Net Global:  Morning Elmer. I have heard mentioned that Iraq is burning up its reserves. Do you have any evidence that is true? If it is true, Iraq must raise funds soon.

Elmerf123456:  I'm hearing same. Proof? Now that's an operative word.

Net Global: Cool Elmer. Since Iraq cannot raise thru bonds or borrowing it seems they have little options left except raise the value of the Dinar.

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

tman23  The Investment Law is now a foregone conclusion...They will pass it if it already didn't pass.  

They have the new salaries in place, the tax laws, the tariff and custom laws, the anti money laundering law...These all deal with monetary issues.
 
I have been on this law since June of 2014 and for good reason. It is not a problem, it is a delay for reasons of timing...be that getting other laws in place first etc..etc...

BUT I have good information that says it is not a debate issue inside Parliament Note that the salary adjustments and other numbers floating around indicate that a IQD rate of $2.66 would put them around the international standard...

I think we are all ready to move on to new horizons...And it appears that Iraq is ready for new horizons also.

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

KTFA:

Backdoc:  MAIN EVENT NEWS!


MAYBE NOVEMBER 3RD WILL BEGIN THE OPPORTUNITY!  DOC IMO


China Is Calling For A Global Currency

10/20/2015

China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.

The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea.

The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank.
~~~
He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."

Zhou did not mention the dollar by name. But in an unusual step, the essay was published in both Chinese and English, making clear it was meant for a foreign audience.

China has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any response to the crisis that might weaken the dollar and the value of Beijing's estimated $1 trillion in Treasuries and other U.S. government debt.

For decades, the dollar has been the world's most widely used currency. Many governments hold a large portion of their reserves in dollars. Crude oil and many commodities are priced in dollars. Business deals around the world are done in dollars.

But the financial crisis has highlighted how America's economic problems — and by extension the dollar — can wreak havoc on nations around the world. China is in a bind. To keep the value of its currency steady — some say undervalued — the Chinese government has to recycle its huge trade surpluses, and the biggest, most liquid option for investing them is U.S. government debt.

To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a "reserve currency" based on shares in the body held by its 185 member nations, known as special drawing rights, or SDRs.

He said it also should be used for trade, pricing commodities and accounting, not just government finance.

In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China's call for a global alternative to the U.S. dollar's role as the international reserve currency.

And the European Union's top economy official said the dollar's role as the international reserve currency is secure despite China's proposal.

"Everybody agrees also that the present world reserve currency, the dollar, is there and will continue to be there for a long period of time," EU Commissioner Joaquin Almunia said Tuesday after a meeting of the European Commission.

Zhou also called for changing how SDRs are valued. Currently, they are based on the value of four currencies — the dollar, euro, yen and British pound. "The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies," he wrote.

Beijing has been unusually bold in recent months in expressing concern about Washington's financial management and pushing for global economic changes. That reflects both its relative financial health and growing concern that increased globalization means missteps abroad could harm its own economy.

Zhou's comments are also part of China's longstanding push to reform the IMF, World Bank and global financial system to give greater voice to China and other developing economies — another theme that will be heard from China, Brazil, Russia and India at the summit of Group of 20 major economies next week.


"Overdue reforms should give proper representation to and increase the say of the emerging and developing economies," Yi Xianrong, a researcher with the Institute of Economics and Finances at the Chinese Academy of Social Sciences, a government think-tank, wrote in the government newspaper China Daily.

"Proper representation and a bigger voice for the developing countries are the need of the hour. For instance, being the world's third-largest economy and the largest foreign reserves holder, China should get its due place in the monetary body."

Another idea Yi raised was that the U.S. and Europe should give up their traditional privileges of appointing the heads of the World Bank and the IMF.

The idea of a creating a new global reserve currency isn't new. But analysts say the proposal isn't likely to gain much traction because it faces major obstacles. It would require acceptance from nations that have long used the dollar and hold huge stockpiles of the U.S. currency.

"There has been for decades talk about creating an international reserve currency and it has never really progressed," said Michael Pettis, a finance professor at Peking University's Guanghua School of Management.

Managing such a currency would require balancing the contradictory needs of countries with high and low growth or with trade surpluses or deficits, Pettis said. He said the 16 European nations that use the euro have faced "huge difficulties" in managing monetary policy even though their economies are similar.

"It's hard for me to imagine how it's going to be easier for the world to have a common currency for trade," he said.

http://abcnews.go.com/Business/story?id=7168919&page=1

MARTHA UPDATE : ARE WE LINING UP FOR 10/22 RV, 21 OCT

Are we lining up for 10/22 RV - from Martha 
The year 2015 has been determined to "our" year. Since January we have hit dates that should have been but we're not for various reasons. I was told that by April all would be completed and in fact on April 22nd it should have and in the history books this will be the official date of Iraq's RV.

Then coming forward we find out there was a 3 month extension.

Now add worldwide drama, political manipulation and general finger pointing we came to July, August and September. We followed dates, holidays and calendars of ALL people. We delved into history, present time and started looking to the future. I know that everyone is sick of looking at the numbers but I think we need to look at Thursday 10/22/2015.
The Chinese take numbers very seriously as well as astrology and horoscopes. That being said the number "22 " is the ultimate master number. It is made up of multiples of "1's " and depending on position of the ones can mean birth and re birth.

It is a sign of completion; a master has control of his destiny as well as being a great leader. He is methodical in what he does and definitely knows how to do it.

PM Abadi definitely fits this mold for his country. He has something that no one has been able to do in a very long time. He is a true diplomat, business man and knowledge and leadership skills ate what this country needs to bring it into 21st century.

Well, the 22nd is also a 6 month anniversary of the RV. It is another completion and a ? Start for us to go forward with Iraq and the rest of the world into a better 21st century. Remember, now who is in control of this - the man up above, the ultimate master, the number ONE and a little help from the Chinese.

Also, look at all the 5's, 7's and 8's which are all "lucky" numbers dealing with money, wealth.

And to my old and dear friend TK, maybe this time you will be right. And to Tony and Bruce, who are on the "same page" in the play book, this is our week. Also remember, Wednesday night here is Thursday in Iraq.

DAVE SCHMIDT UPDATE : THE SHIFT IN POLITICS , 21 OCT


MILLIONDAY CHAT UPDATE, 21 OCT

Millionday: WE HAVE A LOT OF NEWS TONIGHT — WHOOPOW
Millionday: A member of the parliamentary finance committee Jabbar Abdul Khaliq said that funds deposited in the Banking Act will begin soon after the completion of Sitagh some paragraphs in line with the government’s economic direction.
Millionday: He said Abdul Khaliq’s (IMN) “This law will protect the citizen’s money from being lost, where would compensate citizens in the event of the loss of National Bank deposited with him this money, as well as the arrest of the bank manager and held accountable legally and his prosecution,”
adding that “in the past, the court only by virtue of the bank manager and his detention without compensation from the owner of the money deposited, as previously happened in some private banks.
Millionday: NOTE — THE BANKING LAW ACT WILL BEGIN SOON WHICH PROTECTS FUNDS DEPOSITED AND IS PART OF THE REFORMS AND BANKING DEVELOPMENT ETC
Millionday: He explained that “the government is now moving to support investment projects, and coordination and cooperation with the State-owned banks to support it, and the development of economic projects in the country, as well as the granting of soft loans to the owners of small and medium enterprises, which will contribute to the operation of labor and support the private sector.”
Millionday: NOTE — THE GOVERNMENT IS >>>NOW<<< MOVING TO SUPPORT INVESTMENT AND ECONOMIC DEVELOPMENT ETC — WHOOOPOW
Millionday: He recommended the Prime Minister for Financial Affairs Advisor to the appearance of Mohammed Saleh earlier, the central bank to continue its program to finance small and medium projects for citizens loans and lending again after recovery, to stimulate the economic cycle,
pointing out that this program can promise nucleus to establish a permanent fund for the development or the development of the contributing organizations Bank International future.
Millionday: SO — THE RECOMMENDATION IS TO CONTINUE ITS PROGRAM AFTER RECOVERY — SMILE —THIS IS THE CONTRIBUTION FOR INTERNATIONAL BANKING THROUGH DEVELOPMENT — HUGE
Millionday: WHOOPOW – THIS IS A VERY POSITIVE ANNOUNCEMENT TO THE CITIZENS
Millionday: VERY IMPORTANT REPORT — WHOOOPOW
Millionday: Revealed Baghdad Investment Authority about the existence of (325) funded and foreign private sector projects.
The Commission said in a statement received / JD / copy of it: that the head of the Investment Shaker Zamili body visited a number of investment projects in Baghdad and see the progress of the plan work and the stages of completion achieved .tdment round visit to the project new life.
Millionday: NOTE — 325 .>>FUNDED PROJECTS FOR DEVELOPMENT IN THE WORKS
Millionday: The project consists of five thousand housing units for various spaces and contains all the services of schools, health centers and public parks, in addition to the city integrated entertainment Games 127 acres. This project did provide significant employment opportunities for many unemployed youth as well as the Iraqi engineering cadres.
Millionday: NOTE — THIS IS HUGE FOR IRAQ AND SHOWS PROGRESS FOR DEVELOPMENT AND FOREIGN CONTRACTS
Millionday: He Zamili that the project is one of the large group of investment projects in Baghdad, noting that we have 325 investment projects, all funded by the private sector presentation visor sector and foreign, and added that These projects offer a great opportunity to support the development and investment sector,
Millionday: it said in a statement: that the tour included a visit to the Iraqi German hospital project site, which Ancie on an area of 45 000 acres m 2, where the hospital building consists of ten floors with 200 beds in the first phase and 300 final stage of the project
Zamili confirmed During the visit, he said the hospital has a medical center for the cultivation of the heart, kidneys and General Surgery Iraqi administration German and
Millionday: NOTE — WHOOPOW — A HUGE HOSPITAL BEING REBUILT AS WELL — GREAT NEWS
Millionday: there will be a significant polarization of cadres and expertise of medical world even Aydtr Iraqi citizen to travel for treatment outside the country, adding that the total cost of the project amounted to 100 million dollars and one project from within (7 ) hospitals in Baghdad received support from Baghdad Investment Authority to implement .walparwa provided jobs for many young people and reduce unemployment.
Millionday: OBVIOUSLY WITH THE PREVIOUS REPORT THIS IS POSITIVE FOR IRAQ`S DEVELOPMENT AND REFORM WITH ALL OF THE ABOVE

Millionday: READ EVERY WORD >>>>>>>>>>>In order to ensure the success of the lending process adopted by the central bank to stimulate the economic reality in Iraq, is interested in economic affairs stressed the need to link policies and loan mechanisms approaching sectoral.
Economist Adel Abou loaf noted in his statement «morning» to the success of the loan to contribute to the revitalization process the economic reality in Iraq, which issued its mechanisms the central bank must rely on specific interim policy to be either production base building, or activate the reality of sectors or stimulating work sectors.
Millionday: NOTE — LOANS HAVE BEEN RECLASSIFIED — THIS IS A HUGE MOVE FOR THE ECONOMIC DEVELOPMENT OF IRAQ
Millionday: NOTE — THIS IS A VERY IMPORTANT REPORT — READ EVERY WORD
Millionday: Abu loaf and saw that the loans allocated by the central sectors, especially the industrial sector is not adequate for the advancement of its value It is equivalent to 33 percent of the value of (5 trillion dinars) on the grounds that he would be distributed to the provinces,
stressing that the adoption of the foundations of true in this sector, by selecting the type of industry that are meant revitalize and rebuild its base productivity, and follow the principle of import substitution and the allocation of loans to industries specific at this stage.
Millionday: NOTE — THE LOANS WERE NOT ADEQUATE FOR THE ADVANCEMENT OF VALUE — WHOOPOW
Millionday: NOTE — THEY HAVE TO INCLUDE THE IMPORTS WITHIN THE FIGURES — THAT IS THE STATED REASONING AND ITS IMPORTANCE AS WELL — OBVIOUSLY FOR PROGRESS IN MANY AREAS AND REFORM
Millionday: NOTE — READ THE OTHER IMPORTANT REASONS THIS IS SO MAJOR
Millionday: He explained that the industry that have the ability to compete food Kalsnaat, you can create joint stock companies for the purpose of launching loans and bridging the country’s need of these products Kalolban, juices and other food from Canned Ajpas,
to enable the involvement of all industrialists even workers in the industrial activities of food and to ensure the creation of distribution opportunities for fair and productive to contribute in every province companies.
​ ~~~
Millionday: NOTE — THIS IS ALSO FOR THE STOCK MARKET GROWTH AND FOR STAKEHOLDERS
Millionday: >>>>In the next stage Vnoh expert activate other industries to be there to see one in the first stage, and the type of industries that go to it loans to be able to compete in the market, with an emphasis on non- go loans to other industries not identified in the first phase,
through market research and international industries.
Millionday: NOTE — THE NEXT STAGE WILL INCLUDE ACTIVATING INDUSTRIES TO COMPETE IN THE MARKET — SMILE
Millionday: and tied loans adopted by the central bank, according to Abu loaf of 0.33 percent to the industrial sector, 33% of the agricultural sector, 17 percent to the housing fund, 17 percent of the bank mortgage, of the value of (5 trillion dinars), while emphasizing the need to link lending economic policy of the country’s policy.
Millionday: NOTE — THIS WOULD BE IMO CLOSE TO THE MARKET OTHER THAN OIL WITHIN THE GDP
Millionday: In order to integrate policy loans with the integration of sectors with each, an expert need to work the agricultural sector in parallel with the industry to provide raw materials for industries adopted in the first phase, according to the Besides the preparation of studies and organization of imports,
particularly imported goods that have yet healthy, environmental and economic dimension, which leads to integration with sectoral policy loans policy, therefore animate and energize the economic cycle in the country.
Millionday: SO AS WE SEE — THE LOANS HAVE BEEN RECLASSIFIED TO SERVE THE NEXT PHASE AND TO ENERGIZE THE ECONOMIC CYCLE IN THE COUNTRY
Millionday: WHOOPOW
MGM: Why did the Nomadic Samarians chose Mesopotamia (iraq) to settle in? It wasnt oil! Their GDP had nothing to do with oil. Richest land in the world according to some
Millionday: THE MINERALS AND OTHER RICHES ARE HUGE BUT
Millionday: THE EASE IN GETTING THE OIL OUT OF THE GROUND IN IRAQ IS ALSO A HUGE PLUS FOR THEM
Millionday: THEY ARE WORKING TO CHANGE THE EASE IN SURVIVAL WITH THE DEMOCRATIC PROCESS AND HUMANITARIAN BENEFITS
Millionday: CHANGE IS ON THE WAY WITH THESE REFORMS ACCORDING TO WHAT I SEE
Millionday: WHOOPOW
Millionday: A member of the governing body of the Association of Iraqi economists Akram Abdel Aziz said, that the legislation of the Income Tax Act No. 113 of 1982 will contribute to the recovery of economic development movement.
And he proceeded to the House of Representatives at its session on Monday, Act to amend the Income Tax Act No. 113 of 1982, and included, or the right to dispose of property the value of which in accordance with the provisions of the law estimate of the property value and benefits of No. 85 for the year 1978.
Millionday: NOTE — REMEMBER THAT THE INCOME TAX LAW WAS PASSED
Millionday: It Abdul Aziz’s (IMN) “The approval of the law will ease the burden on the citizen and provide him expanse of income to act in order to serve its purpose, as well as its contribution to the recovery of economic development movement and encourage other sectoral joints,”
pointing to “the need to adhere to the implementation of the paragraphs of the law and not be ignored to provide additional financial resources of the federal budget. ”
Millionday: NOTE — THE INCOME TAX IS EXPECTED TO ADD REVENUES FOR THE COUNTRY`S BUDGET AND ALSO MOVE ECONOMIC DEVELOPMENT
Millionday: And it stated that “the law will be treated the tenant treatment owner when property lease, which came at his disposal contract Musataha and progressive tax is calculated by the value of the property.”
The text of the law that are exempt from the tax, first – a – fifty million of the estimated or suit the property value of this amount and distributed to companies according to their shares if the property is owned in common, and is subject to the tax Mazad on the amount of the exemption provided for in (a) of this Paragraph according to the rates of
Millionday: NOTE — THEY ALSO PASSED PROPERTY TAX WITHIN THE LAW
Millionday: 3% up to fifty million dinars, and 4% Mazad fifty million dinars and up to a hundred million dinars, while the proportion of 5% imposed on Mazad than a hundred million dinars and up to a hundred and fifty million dinars, while rising to 6% is increased to one hundred and fifty million dinars.
Article III of the law and indicated that he canceled the dissolved Revolutionary Command Council Resolution No. 120 in 27/6/2002, and Article IV explained that the Finance Minister may issue instructions to facilitate the implementation of the provisions of this law.
Millionday: SO AS WE EXPECTED THE LAW IS WRITTEN IN % AND WILL BE CALCULATED ACCORDING TO THIS LAW
jwjd: Just my personal opinion. I feel like we are at another stand still. They talk about what they want to do in the future. But what is getting us to that point of the rate change? That is what we are all ultimately waiting for.
Millionday: THE REPORT IS TELLING WHAT THE LAW PASSED AND IN PLACE WILL DO FOR IRAQ AND THE LOAN REPORT IS TELLING US WHAT THAT COMPLETION OF RECLASSIFICATION WILL DO FOR THEM
Millionday: JW THESE ARE ALL COMPLETED LAWS
Millionday: JW — ALL OF THESE THINGS I AM SHOWING YOU ARE COMPLETE
Millionday: BUT I AM SICK OF WAITING TOO LOL
jwjd: I am hoping these are the laws that will get us to the rate change. We appreciate all you do MD!
Millionday: THESE ARE ALL STEPS FOR THE MARKET ECONOMY GOAL THAT WILL TAKE THEM TO THE GLOBE FOR TRADE —
Chappy: is the investment law complete…. I missed it..
Millionday: CHAPPY — I AM STILL LOOKING THROUGH NEWS SENT TO ME
Millionday: NOTE — THIS WAS BROUGHT TO ME BY ONE OF OUR HARD WORKING AND LOVED RESEARCHERS — WHOOOPOW
Millionday: House of Representatives began voting on the investment law.
The draft law includes paragraph 17, and the parliamentary Committee of Economy has been completed the second amendment to the law in the thirtieth of last month, and said that the law contains provisions that will be applied for the first time in Iraq.

Millionday: SO PARLIAMENT IS REPORTING AS OF TODAY`S NEWS THAT THEY ARE WORKING ON THE INVESTMENT LAW VOTE
Millionday: WHOOPOW
Pablo: Did they get the vote done, or are they still in the process?
Millionday: THEY ARE FINISHING THE AMENDMENTS ONE AT A TIME
Millionday: SOME VERY IMPORTANT ONES ARE DONE AND SOME MORE ON THE WAY — THIS IS THE VOTE SO READINGS ONE AND TWO ARE DONE
Millionday: YW ALL THE TIME — WOW SO MUCH DONE — THIS IS HUGE PROGRESS FOR IRAQ — I AM EXCITED — TRADE AGREEMENTS BEING SIGNED AND ALSO
Millionday: THE PRESIDENT IS WORKING CONSTANT FOR THE NATIONAL RECONCILIATION CONFERENCE — THIS IMO WILL BE AFTER IRAQ HAS OPENED FOR TRADE AND ISSUED BENEFITS ON THE SMART CARDS THAT MANY HOLD ETC
Millionday: WE WILL MEET HERE AGAIN TOMORROW NIGHT 7:30 PM