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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, October 31, 2015

DINAR GURUS UPDATE, 31 OCT

10-31-2015   Intel/Newshound Guru Backdoc   ITS TIME FOR THIS LONG TRAIN RUNNIN TO COME INTO THE STATION SOON! WITH LAWS DONE OR SITTING IN THE WAITING ROOM READY TO BE ACTIVATED COMPLETELY WE SEE CONTINUED MOVEMENT ON CURRENCY PREPARATION!  NOVEMBER SHOULD PROVE QUITE INTERESTING! WE WON'T BE WAITING IN OUR MONETARY REFORM WAITING ROOM MUCH LONGER! THE BIRTH SIGNS OF THE NEW REALITY ARE ALL OVER US!

10-31-2015   Intel/Newshound Guru Mnt Goat
   No prospects for an RV...in the coming month of November. Sorry Folks! Later December and possibly early Jauary has prospects...  There is a target and a plan I can assure you of this. They are moving at lighting speed to get there.  They have set a target of mid 2016 to be fully international  ...they need three things to happen prior to any RV – Political, Economic and Security Stability. But they are getting very close as I know ISIS does not have to be perfectly gone in order to RV.   ...Maliki must be taken down and brought to justice or there will be no RV.  I can assure you this must be done prior to the scheduled December Reconciliation (or Unity) Conference  or they will not get anywhere in the conference and it will only be a failure.

10-31-2015   Intel Guru Frank26    [is there any crumbs can share with us...?]   MANY...Know we are very close.

10-31-2015   Newshound Guru Enorrste  Article quote:  "Announced Shura Islamic Dawa Party Council, on Friday, his support for the reforms of Prime Minister Vahidi Abadi, which came in response conscious to the appeal of the Supreme religious authority and in response to popular demands, while stressing the importance of rationalizing and development of reforms in the framework of the Constitution and so as to push the wheel of the political process forward."    I found this short article to be nothing short of amazing.  Earlier in the week we had an article in which it was said that the Dawa Party (Maliki's State of Law) was urging Abadi to step down because he was so ineffective.  Now we see that just the opposite is being claimed here.  Is this a clue that Maliki is losing his grip on the Dawa Party?

TNT :SOME THOUGHTS ON "QUALIFYING" AT THE EXCHANGE MEETING, 31 OCT

EXCHANGE THOUGHTS

DC'S COMMENTS ABOUT BANK EXCHANGERS DETERMINATIONS OF YOUR QUALIFYING FOR CONTRACTS ARE GENERAL GUIDANCES.... MY GUT TELLS ME IT WILL GO MUCH DIFFERENTLY FOR MOST..THESE ARE BROAD GENERALIZED STATEMENTS OF GUIDANCE TO HELP MANY OF THOSE THAT REALLY HAVE NO PRIOR EXPERIENCE OR CONCEPT OF BUSINESS OR BANKING.

JUST BE NEAT AND LOOK LIKE YOU MEANT TO GET DRESSED TO MEET SOMEONE THAT YOU WANT TO HAVE A KIND AND  FAVORABLE IMPRESSION OF YOU....ITS JUST A FIRST DATE...NOT THE WEDDING.. 

IM NOT EVEN GOING TO LET THE IDEA OF SOME "QUALIFYING"  CLOUD MY EXPERIENCE OF THIS THING. THE QUICKEST, EASIEST WAY TO APPEAR OR BE PERCEIVED AS FEARFUL AND LACKING CONFIDENCE IS TO FEEL YOU  ARE BEING JUDGED ON THOSE ATTRIBUTES. WINNERS DONT DO THAT.

JUST BE A GOOD REPRESENTATION OF YOURSELF...NOT SOMEBODY ELSE...BE KIND, PUT A SMILE ON THE INSIDE...AND OUTSIDE. BE YOURSELF...BEING FAKE WONT GET YOU PAID ANY QUICKER OR BETTER IMO.

REALLY FEEL THE SMILE ON THE INSIDE..VISUALIZE IT..PRACTICE IT NOW...IT REALLY DOES CHANGE THE ENERGY IN A MEETING....YOU'LL BE FINE. 

I WOULD NOT VOLUNTEER TOO MANY DETAILS, IDEAS OR CONCEPTS GENERALLY, ALL GREAT IDEAS ALWAYS FIND OPPOSITION. A NEUTRAL CONFIDENT STANCE MAY BE WISE. A FRIEND ONCE TOLD ME...."YOU DONT HAVE TO TELL EVERYBODY EVERYTHING YOU KNOW...AND ITS BETTER THAT YOU DONT".

THEY WOULD RATHER HEAR THAT YOU WANT THEM TO TELL "YOU" ABOUT ALL THE PLANS, POSSIBILITIES, STRUCTURES AND OPPORTUNITES THEY MAY PROVIDE. WM'S DONT WANT TO BE TOLD HOW TO DO THIER JOB OR HOW YOU WANT THEM TO DO IT.

ULTIMATELY THEY TRUELY JUST WANT YOU TO HAND THEM THE MONEY TO PLUG INTO THEIR EXISTING SYSTEM. ...THATS THE WAY THEY ARE TRAINED AND WHAT THEY ARE GENERALLY USED TO....AND THATS JUST THE REALITY OF THE THING. 

WE WILL BE CALM, CONFIDENT AND SMILING...THEY WILL BE TIRED, DISORIENTED AND ANXIOUS...SURELY WE CAN MEET IN THE MIDDLE SOMEWHERE.

MAYBE A SIMPLE BUT SOMEWHAT AMBIGUOUS REPLY UPON THEIR INQUIRY MAY BE BEST...
"I PLAN TO MAKE MY IMMEDIATE FAMILY A LITTLE MORE COMFORTABLE AND THEN I WANT TO LEARN HOW TO PROTECT AND GROW MY MONEY FOR GENERATIONS...AND I NEED SOME HELP WITH THAT."

THAT WILL PUSH ALL THE NECESSARY BUTTONS.

AND REMEMBER....IF YOU DONT UNDERSTAND, ASK, IF YOU DONT GET AN ANSWER YOU CAN UNDERSTAND, ASK SOMEBODY ELSE AND,......IF IT DONT FEEL RIGHT...DONT DO IT

TNT CHAT UPDATE, 31 OCT

TNT:

[Sallypuff] I am posting this again as the room was pretty  dead when I posted it last evening. Please post if you heard anything to the contrary by Tony in yesterday's call. 
10:46 PM [Sallypuff] I came back in after I shut the computer down to state an important point about today's call, that I had completely forgotten. Tony did NOT say, I will be here Monday, if need be. That tells me he was and is totally convinced the RV will be announced prior to Monday, Nov. 2nd.

 [Sallypuff] Here is another one from last evening: 10:54 PM 
[Sallypuff] Just have to share this before signing off again. yada wrote 19m ago Interesting story folks,,wife and I contracted with a WM with wells in the Delaware.

 She went through an alumni contact who referred her to the NorthEast Philly/Delaware. All went well except when she attempted to make an appointment, the WM said makes them a week out,,because we hadn't RV'd yet, had to wait. She gets a call today from the secretary of the WM that he resigned and instead of working out the 2 weeks, they let him go with pay
[Sallypuff] One more from last evening: 10:55 PM
 [Sallypuff] I suspect he bought Dinars or other currencies, and said to himself, I don't need this job anymore. Now I say goodnite again.

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Haystack:  GM all. Waiting for this RV is like looking for a needle in a haystack. It's there just keep looking. When we find it we will know it was worth the wait.

S3A CHAT UPDATE, 31 OCT

Stage3Alpha:

J+G:    BGG,   With many gurus (Frank and Delta, the Goat (who many forget said that there was a rolling RV in country parroting TNT’s DC a while back) and others I suppose…are now saying 2016.

Now kicking the can down the road is easy enough…but I wonder…

I don’t know about you but there seems to be a haste…a momentum of sorts that is uncharacteristic of Iraq. Not saying date … but still, there seems to be a tiny hint of a plan that is afoot which could be this RV or MR whatever could be, really and truly – be at anytime.

Yeah, could be next year and these guys, if given an inch, will take all of that but the clock is ticking on liquidity and the damage it is doing. Taking this down to the wire would actually encourage an avalanche of problems that could not be derailed.


Something like if you owe massive debt – even if you get a chunk of money at the last minute, it probably will not stop certain actions by creditors already put into motion. My point is, Iraq is almost already out of time now!!

I agree with you that the next 2-6 weeks might be more interesting than the know-it-all gurus might realize…..just saying!!

A final point….It must be remembered that no matter what intel, news or insider contacts anyone has – there is one underlying truth to this event.

This is… nobody can noodle this out to predict anything because the moment they do, they are already wrong – and that goes for all…Tony, Goat, Frank, Kap, Chattels , Montana, Backdoc, etc…

The GOI/Abadi know full well this cannot ever be telegraphed because given today’s communication – big time speculators would wreak havoc.

So when I read one of these guys saying, oh it can’t be until next year because (recent bit from Mtn. Goat) an experienced person would say to themselves “well having said that I know you are already wrong because if you predict that then don’t you know that Abadi and the CBI have already taken this into account.

All we can do is measure progress that is all pure and simple and something that DU does quite well. The progress is speeding up as per my previous e-mail and tells us that something is in the wind!!

Foxxxx

ENORRSTE UPDATE, 31 OCT

Article quote: “Announced Shura Islamic Dawa Party Council, on Friday, his support for the reforms of Prime Minister Vahidi Abadi, which came in response conscious to the appeal of the Supreme religious authority and in response to popular demands, while stressing the importance of rationalizing and development of reforms in the framework of the Constitution and so as to push the wheel of the political process forward.”
I found this short article to be nothing short of amazing.  Earlier in the week we had an article in which it was said that the Dawa Party (Maliki’s State of Law) was urging Abadi to step down because he was so ineffective.
Now we see that just the opposite is being claimed here.  Is this a clue that Maliki is losing his grip on the Dawa Party?

TNT :How will you know contract rate before NDA?, 31 OCT

    • StorySinger said
      11:51 AM Oct 30, 2015
    If I ask what contract rate I can get and they tell me 9 and then I look at the NDA and say I won't do the contract rate. I'll just take the lower rate, there is nothing to prevent me from discussing the contract rate I was offered. So if the main purpose of the NDA is to prevent people from telling a contract rate how can they tell you what your contract rate will be before you sign the NDA?
    • daz said
      12:10 PM Oct 30, 2015
    ITS ALWAYS BEEN MY OPINION YOU WONT

    AND THATS THE START OF A WHOLE NUTHER DISCUSSION
    • Eccl519 said
      01:04 PM Oct 30, 2015
    It's the ole chicken and the egg concept lol However my view is when you go in for exchange and ask about contract rates, they will say the contract rate is a percentage higher than the Market rate without exact amounts. Then, if you are interested they will hand you the contract (NDA) to read. After reading you will then have the option to sign or not sign, to go with NDA or not.

    If you sign, you will be under the NDA at that point and they will give you a starting rate at which time you may begin negotiating a higher (if that is an option) contract rate with the Dinar and Dong only.

    Remember, (as per Tony and DC) if you sign the NDA it will apply to ALL your currency you exchange! Zim, Rupiah, Afgani, Rial...everything. If all this is true, don't even think you can hold back some currency for later and try to slip it under the NDA radar. THEY WILL FIND OUT! and you will lose it all.

    It is also my opinion that the banks are NOT be trying to steal your money back with this NDA. The banks want you to have that money with them for a long time and not tied up in litigation over an alleged NDA disqualification. This contract is with China and the reason for the NDA is to keep that general info (about a contract with China) away from public view...THAT'S ALL!!

    This is just my common sense views/opinion and reasons for the (infamous!) NDA :)
    • shooter said
      01:17 PM Oct 30, 2015
    StorySinger wrote:

    If I ask what contract rate I can get and they tell me 9 and then I look at the NDA and say I won't do the contract rate. I'll just take the lower rate, there is nothing to prevent me from discussing the contract rate I was offered. So if the main purpose of the NDA is to prevent people from telling a contract rate how can they tell you what your contract rate will be before you sign the NDA?

     The real question is why to you want to play with fire. You ask for the rate, either you take it or not.
    Then it just becomes history, don't look for problems that aren't there. During World War II they had a saying
    "Loose lips sink ships". So leave your port hole closed and you'll be fine........................
    Shooter
    • daz said
      01:29 PM Oct 30, 2015
    If all this is true, don't even think you can hold back some currency for later and try to slip it under the NDA radar. THEY WILL FIND OUT! and you will lose it all.

    MAYBE IM MISSING YOUR POINT BUT I DONT SEE ANY ISSUE WITH THAT. YOU ALREADY OWN IT..YOU HAVE A RECEIPT MOST LIKELY...ITS A PRIVATE ASSET..AND WAS BOUGHT PRIOR TO A CHANGE IN VALUE...WHEN YOU DO EXCHANGE IT WOULD BE AT THE PREVAILING RATE NIT CONTRACT..
    • kogarris said
      01:49 PM Oct 30, 2015
    I have a new one. ."Zipped lips cant sink ships"... we should not be discussing any rates once we exchange, contract or not... some things are just better not discussed ...again that is my humble opinion
    • skelley1652 said
      01:57 PM Oct 30, 2015
    I'm with you on zipped lips.... Be Blessed! skelley
    • StorySinger said
      02:25 PM Oct 30, 2015
    I don't want to discuss rates or exchanges after the RV but there are definitely people who know I have been waiting for the RV. They know I am poor now. This is my daughter in law and a few close friends. I won't discuss the rate with them at all but they will know I've exchanged and even if they say they won't talk about it, they will. My reason for mentioning talking about the rate was to just figure out how they present the option when I am interested in the contract rate but not sure. If there is something in the NDA I don't like I won't sign. I'm just trying to figure out how they can tell someone the contract rate who hasn't signed the NDA, that's all. I appreciate answers but my goal is not to blab the contract rate. My goal is to understand how it will be told to me before I decide because I'm not sure. But if the only promise is not to tell the rate-no problem. If the promise is to never tell anyone I got money form exchanging currency there may be a problem after my friends look and me and say, "Don't try to deny it. WE know you finally got money from that dinar thing!" For no matter how much I deny it they will just say that's it.
    • beachcindy said
      02:57 PM Oct 30, 2015
    My understanding from Tony and DC's comments: first you sign the NDA and THEN and only then are the contract rates revealed. Otherwise it would not work.
    • cudbuck said
      05:55 PM Oct 30, 2015
    it's been written by many you will sign an nda before you see any rate higher than market
    • Eccl519 said
      07:04 PM Oct 30, 2015
    daz wrote:

    If all this is true, don't even think you can hold back some currency for later and try to slip it under the NDA radar. THEY WILL FIND OUT! and you will lose it all.

    MAYBE IM MISSING YOUR POINT BUT I DONT SEE ANY ISSUE WITH THAT. YOU ALREADY OWN IT..YOU HAVE A RECEIPT MOST LIKELY...ITS A PRIVATE ASSET..AND WAS BOUGHT PRIOR TO A CHANGE IN VALUE...WHEN YOU DO EXCHANGE IT WOULD BE AT THE PREVAILING RATE NIT CONTRACT..


     Just quoting what DC said.  "If you go with the contract rate it pertains to all your foreign currency purchased prior to the exchange" or better yet the GCR.  So I guess my point would be if the NDA refers to all currency you posses at time of exchange maybe wise not to skirt that especially with all the info they will gather on us. 
    But all is really moot here until we know whats in the Contract. And i agree with what you said in a normal situation of owning currencuy, I just wouldn't want to find out the hard way in this situation, that's all.   I appreciate all your input over the years!
    • lilfish said
      07:53 PM Oct 30, 2015
    StorySinger- So it sounds the best way is to decline the contract rate unless you can know you can keep quiet about it.
    • StorySinger said
      08:29 PM Oct 30, 2015
    I never thought of holding back currency to get some with an NDA and some without an NDA. Not only was that not my question but I never think about of that because I know that can't be done.
    I have only 2 big questions in my mind: 1. Can you and how is it possible to know the contract rate before you sign the NDA? 2. If my relatives and a few friends start telling people "StorySinger must have gotten rich from her dinar money," is it possible that their gossip could make me lose the money even though I NEVER NEVER WILL TELL THEM THE RATE I got? 
    • Samhain said
      09:09 PM Oct 30, 2015
    NDA or not, my lips are sealed. So I'm going for highest rate possible on each of the currencies I own, then I'm a ghost.
    • StorySinger said
      10:33 PM Oct 30, 2015
    Thank YOU All for your answers and Thank You Eccl519 for writing that you appreciate my input over the years. And now for right now I will be quiet and enjoy the music in my heart.
    • roma11 said
      10:48 PM Oct 30, 2015
    TELLING IS NOT SHOWING YOU ,AFTER THEY TELL YOU ASK THEM TO SHOW IT TO ON THE SCREEN .
    • Oneiros said
      06:59 AM Oct 31, 2015
    Here goes my dumb question for the day. If you have a business with an EIN# and another account in your name at the same bank can then get caps on both accounts at that bank, is it then possible go open up a business and personal account at another bank and do the same? Does that also apply to the NDA? So if you don't sign an NDA can you proceed with that idea or are you just playing with fire? Any opinions
    • bringitonTony said
      08:24 AM Oct 31, 2015
    It is my opinion from everything Tony has told us, that if you have a business account and you are a signer on that account or known as an owner of the account/business, then the total caps will apply for the combined accounts. You would not be able to go to another bank and open an account there to exchange more for a high rate...remember, all banks need to submit transactions to the UST/FED..and they will do this electronically....I'm sure the banking system will know if you have already reached your caps at a bank.

    Also, keep in mind, if you end up not going with the contract rate and you receive say $5/dinar, you can always negotiate later with your wealth manager that is assigned to you for your 2nd appointment. If they don't give you what you want, you can tell them you are taking your money, or part of it, to another bank because they will give you more "perks" and interest, etc....everything is negotiable. If you don't want to deal with the NDA at all, ask for the highest rate you can get...you already know in the first 2-3 days the banks are going to give you between $5-7/dinar...so if they offer you only $4, ask for more or pick up your dinar and walk down the street to the next bank.

    I believe what everyone's conclusion is on the NDA/contract rate...you won't know what it is until you sign the NDA...And when you sign a NDA and suddenly you are driving a better car, etc....you can just let them know you "made a wise investment that paid off and you're not at liberty to discuss details with anyone".

    Just my opinion....I wish you all the best, everyone!! 

KTFA CHAT WITH BACKDOC & THUNDERHAWK, 31 OCT

BACKDOC: THIS FTA IS THE FAST TRACK TOOL I MENTIONED BY THE WTO!
HAVE IT OR GO TO THE END OF THE LINE!   DOC   IMO
Thunderhawk:   EU agrees to advance FTA talks with New Zealand
Prime Minister John Key has won agreement with European Union leaders to embark on the next steps to a comprehensive TPP-style free trade agreement.
The EU is already New Zealand’s third largest export market and trading partner.
Mr Key signed the agreement with European Commission President Jean-Claude Juncker and European Council President Donald Tusk in Brussels overnight.
It agreed to start further discussions that will focus on the next steps required to formally launch negotiations, including the scope and overall approach.
The ministerial talks also included the climate change summit in Paris next month, Syria and the refugee crisis as well as agreements on customs and animal health issues, according to the communiqué.
“I am pleased that we are able to announce a critical first step toward an FTA that should provide greater access to European markets, and make it easier for Kiwi and EU companies to do business with one another,” Mr Key says.
The FTA announcement builds on the EU’s recently revised Trade Policy Strategy, which sets out an increased focus on the Asia-Pacific region.
Trade Minister Tim Groser, who separately met EU Trade Commissioner Cecilia Malmström, says such a deal with a mature economy of $20 trillion offers the opportunity to tap into the innovation, skills and capital to further develop New Zealand.
“More and more we see New Zealand and European exporters cooperating in order to supply growing world food demand,” he says.
“We look forward to updating the framework for our trade and economic relationship to reflect this, supporting the overall strengthening of our ties with our key historical and contemporary partners in the EU.”
In a statement, both sides agreed that the future deal should comprehensively address all of the issues concerning the current trade and investment relation.
“The shared aim is to create rules that correspond to the reality of global supply chains and the increasing international interdependence in manufacturing and provision of services. The future agreement would also promote transparency of rules, the fight against corruption and coherence between economic benefits, workers’ rights and environmental protection.”
Mr Groser says both sides also have internal processes, including Cabinet approval, to complete in order to obtain the more detailed mandates needed to begin the FTA negotiations, which will also include a similar FTA with Australia and probably take about two years to complete.
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BACKDOC:  NO WONDER XI WANTS TO GET IN GOOD WITH THE VND, HE KNOWS IT WILL BE A SHINNING STAR FOR ALL TO SEE! AND HE KNOWS ITS PEOPLE WILL, ” WHAT YOUR LIFE WILL TRULY BE” ! SORRY, EARTH WIND AND FIRE SONG!
ITS PEOPLE ARE ABOUT TO BE LAUNCH INTO THE FUTURE THROUGH TPP!   DOC    IMO
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Thunderhawk:  Xi’s Vietnam, Singapore trip to boost China-ASEAN ties
BEIJING — Chinese President Xi Jinping’s upcoming trip to Vietnam and Singapore will be a big boost to China-ASEAN ties, Vice Foreign Minister Liu Zhenmin said Friday at a media briefing.
Xi’s trip, scheduled from Nov 5 to 7, comes ahead of the establishment of the ASEAN Economic Community (AEC) by year end.
As ASEAN member states, Vietnam and Singapore are China’s friendly neighbors and important cooperation partners, Liu said.
Singapore took the rotating seat as coordinator for China-ASEAN relations this August.
Praising the reciprocal visits by Chinese and Singaporean top leaders, Liu said ties between the countries are a pioneering example for China-ASEAN relations.
Singaporean President Tony Tan Keng Yam made a state visit to China from June 29 to July 4.
China is now Singapore’s top trading partner, while Singapore is China’s largest source of investment.
Xi will meet with President Tony Tan Keng Yam and Prime Minister Lee Hsien Loong, and attend the signing ceremonies of cooperation pacts on finance, education, technology and urban governance.
Xi’s Singapore trip, from Nov 6 to 7, is scheduled for after his state visit to Vietnam.
“This will be his first visit to Vietnam as the top leader of the Communist Party of China (CPC) and the head of state,” said Li Jun, senior official of the International Department of the CPC Central Committee.
Xi will meet with the country’s leaders, including general secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong and Vietnamese President Truong Tan Sang.
China and Vietnam will sign a host of agreements on areas such as party-to-party cooperation, infrastructure, economy, trade, investment,culture and education.
“Despite the short time span of the visit, the achievements are expected to be fruitful,” Li said.
Hailing the traditional friendship between China and Vietnam, Li said Xi’s visit comes at a new stage of bilateral ties, as the two sides agreed to work together to link China’s Belt and Road Initiative and Vietnam’s “Two Corridors and One Economic Circle” plan.
“Xi’s upcoming trip will be a successful visit and advance the development of the China-Vietnam comprehensive strategic cooperative partnership,” Li said.
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BACKDOC:  THE THING TO GET HERE IS THAT AMRO WILL BE A REGIONAL PLAYER FOR THE IMF! IT WILL CONTROL ALL CURRENCIES THROUGH BILATERAL CURRENCY SWAPS TO EQUALIZE ALL COUNTRIES IN CASE THEY HAVE DISASTERS FINANCIALLY!! “THIS GLOBAL CONCEPT IS ALL FOR ONE AND ONE FOR ALL”
DOC    IMO
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Thunderhawk:  To international organizations to the organization this year of the “Asian version IMF” to launch “CJK ASEAN + Japan”
[Singapore = Hideki Yoshimura] Japan, China, organized by such as South Korea and the Association of Southeast Asian Nations (ASEAN) member countries, “ASEAN + 3 Macroeconomic Research Office” (AMRO, headquarters Singapore) is, be established as international institutions by the end of the year 21, it was found. As established by it “Asian version of the International Monetary Fund (IMF)”, financial stability strengthening in the region where growth continues is expected.
AMRO to monitor the regional economy, involving greater on the judgment of the imposition of currency exchange agreements that funds each other flexibility to time, such as currency plunge “Chiang Mai Initiative”.
Participating countries in October 2014, medium to Korea and conditions the ratification of key economic five countries of ASEAN such as Singapore Day, agreed to promote a AMRO to the mobility of high international agencies such as the IMF. Already, such as Japan has ratified the promotion. Remains the case that South Korea has been ratified by the National Assembly now, even in this year in December to be held the next time agency meeting at the earliest, it was pleased to present Opened as an international institution.
AMRO founded April 11. Currently, economists about 40 people from 13 countries and regions, are When examination of such financial condition of the agreement participating countries. First director the State Administration of Foreign Exchange born Gihon Fahrenheit of China, from May 12 has served as a root Yoichi born Ministry of Finance of Japan.
The foot in Indonesia and Malaysia, the currency depreciation is progressing who received the US interest rate hikes and China’s economic slowdown. If AMRO attrition promoted to international organizations, it is expected to also contribute to the maintenance Southeast Asian economic growth. Link
Backdoc:  EVERY OIL PRODUCER WILL NEED TO MAKE SERIOUS CUTS BUT THE DIFFERENCE IS THAT THE TPP COUNTRIES WILL HAVE PRICE STABILITY AND QUITE FAIR ACTUALLY! THE OVER PRODUCERS WILL END UP CHOKING ON THEIR EXTRA OIL ! NEGOTIATE? SURE! WE, AS TPP SET THE PRICE AND CONTROL THE SUPPLY! SO THERE!! HEE HEE     DOC    IMO
Thunderhawk:   South Texas Experiences Deepest Oil Production Cuts
Crude price decline encourages energy companies to leave more projects in standby mode
American oil companies pulling back in the face of low crude prices are making the steepest production cuts in South Texas.
Oil output from the giant Eagle Ford field tumbled by almost 227,000 barrels a day, or 13%, between September and April, which marked the peak for the seven most prolific U.S. shale regions, according to federal estimates. That field’s drop accounted for 90% of the overall decline.
But that drop may be only temporary. Several of the biggest operators in the Eagle Ford are still drilling wells and putting off extracting the oil until prices rise. U.S. oil now sells for under $50 a barrel, less than half the price a year ago.
Leaving the oil in the ground from an unfinished well saves a company millions of dollars up front and provides it with reserves that can quickly be tapped if prices rebound, said Jason Wangler, an analyst with investment firm Wunderlich Securities Inc.
In South Texas, companies can take a wait-and-see approach without worrying about the weather impeding production—as it does for long stretches in snowy, cold-weather states like North Dakota.
“If a company wanted to walk away for six to nine months, they could really come back and pick up right where they left off,” said Jeremy Sherby, an analyst with energy consultants Wood Mackenzie. “That oil isn’t going anywhere as long as you hold access to the land.”
A 50-mile-wide rock formation that stretches from the Mexican border north and east past Austin, the Eagle Ford was first drilled in 2008 and quickly became the second-most prolific behind another Texas field, the Permian.
EOG Resources Inc., Anadarko Petroleum Corp., BHP Billiton PLC, Chesapeake Energy Corp. and Marathon Oil Corp.—the top five operators in the Eagle Ford and some of the biggest shale producers in the country—have reined in their oil pumping operations. The companies, which account for more than half the crude produced in the field, each completed at least 40% fewer wells last quarter compared with a year ago, according to NavPort LLC, a data analytics company focused on the oil and gas industry.
EOG told participants at an industry conference in mid-September that the company expected to have 320 drilled-but-uncompleted wells at the end of the year—mostly in the Eagle Ford. A spokeswoman said EOG expects to complete 44% fewer wells in the Eagle Ford this year compared with 2014.
Chesapeake and Marathon declined to comment. But a Marathon executive told analysts in August that the company completed 40% fewer wells from April through June than it did in each of the several previous quarters, “driving that production in Eagle Ford downward.”
BHP declined to comment on the NavPort data. But in an operational update released on Wednesday, the company said its oil output in the Eagle Ford has declined 29% since the end of the first quarter, though it is drilling more wells than in the past. The decision to pump from those wells “will be tailored to market conditions and we will exercise further flexibility should there be greater value in deferral,” the company said.
Anadarko didn’t respond to requests for comment.
‘The rates of return there are better than what they yield in the Bakken… ’
—Jonathan Cogan, U.S. EIA
Exco Resources Inc., a Dallas-based energy producer, this week said it was suspending its drilling program in South Texas because of low oil prices.
While acknowledging the field’s drop in production, Pearce Hammond, an analyst with investment bankers Simmons & Co. International, said he thinks government estimates of the Eagle Ford’s declining output are too steep.
“The rates of return there are better than what they yield in the Bakken, yet they have the Eagle Ford down at a higher percentage,” he said. “I just don’t buy it.”
Jonathan Cogan, a spokesman for the Energy Information Administration, said the agency’s numbers for the individual fields “are based on what we think is a sound methodology” but are projections nonetheless.
Data from the Texas Railroad Commission, which regulates energy activity in the state, shows the South Texas field’s output peaking at 1.5 million barrels a day in January. As of August, it had fallen to just over 1.1 million barrels a day, a decline of 25% or 383,000 barrels a day.

Thunderhawk:   MUST SEE
VIDEO: WTO New trade deal could propel global growth
CNN’s Richard Quest discusses how providing aid for trade can lift the global economy with Roberto Azevedo, DG of World Trade Organisation
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Thunderhawk:  Backdoc Alert
Largest U.S. banks face $120 billion shortfall under new rule
Six big U.S. banks need to raise an additional $120 billion, most likely in long-term debt, under a rule proposed on Friday by the Federal Reserve.
The requirements are aimed at ensuring that some of the biggest and most interconnected banks, which include Goldman Sachs Group Inc, (GS.N), JPMorgan Chase & Co, (JPM.N), and Wells Fargo & Co (WFC.N), can better withstand another crisis by turning some of their debt, particularly debt issued by their holding companies, into equity without disrupting markets or requiring a government bailout.
The banks are expected to meet the $120 billion shortfall by issuing debt, which is usually more cost-effective than issuing equity, according to Federal Reserve officials speaking at a background press briefing Friday. The rule proposed Friday, largely in line with banks’ expectations, concerns the lenders’ total loss-absorbing capacity.
It is one of a series of rules aimed at reducing risk in the banking system by determining how much debt and equity banks should use to fund themselves.
In a procedural vote, the Fed’s governors approved a draft of the proposal, meaning it will be submitted for public comment.
During a public meeting with Fed officials, one staffer who worked on the rule said banks should have an easy time complying, because many requirements overlapped with existing rules. Further, the bulk of the debt requirements can be fulfilled by refinancing existing debt, the staffer said.
Some requirements must be met by Jan. 1, 2019, while more-stringent requirements must be met by Jan. 1, 2022.
The requirements are most stringent for JPMorgan, followed by Citigroup Inc. (C.N) After that come Bank of America Corp, (BAC.N) Goldman Sachs and Morgan Stanley, (MS.N) all of which have the same requirement. Wells Fargo & Co’s (WFC.N) requirement is the next highest, followed by State Street Corp (STT.N) and finally Bank of New York Mellon Corp. (BK.N)
JPMorgan has more than $2 trillion in total assets, making it the largest U.S. bank by that measure.
The officials declined to say which two banks already meet the long-term debt requirements under Friday’s proposal.
The rules also apply to U.S. operations of foreign globally systemically important banks, establishing roughly parallel requirements as those for U.S. banks, Fed officials said.
Also announced was a draft final rule establishing minimum margin requirements for swaps that are not cleared through an exchange. The rule is identical to one proposed by other regulators.
A Wells Fargo spokesman said in a statement the bank is reviewing the proposal and it appears to be in line with expectations. Representatives from the other banks either declined comment or were not immediately available.

DINAR IRAQ & DONG VIETNAM UPDATE, 31 OCT

Iraq was able to excel on Saudi Arabia as the largest oil exporter to India in September for the third time this year, and is being done in the framework of the competition between the two members of the “OPEC” on the Asian markets.
According to the agency, “Russia Today” that “the data for the month of September showed that India imported about 640 thousand barrels per day from Saudi Arabia in the month of September, which represents 17% of its imports after it was about 22% in August, while India bought about 20% of the imports from Iraq in the last month. ”
At a time when shrinking Arabia share in the Indian market increase Iraq’s share in one of the fastest growing markets of the world, and by offering attractive prices.
Senior analyst at “KBC” said consultancy based in London Haq, said that “the Saudi oil selling price The official under fixed-term agreements, while Iraqi oil is sold in the spot market and in the market is enormous and oversupplied usually find that the Iraqi barrels are sold at a discount from the official price.
“He said the right” when Iran back to the market will be a heated battle between Iran, Iraq and Saudi Arabia. ”
Saudi Arabia was lost its status as the largest exporter of crude oil to China last month, as Russia has been replaced as the largest supplier to China for the second time this year, traders attributed to an increase in Saudi Arabia’s official selling price.
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Former Iraqi prime minister Nouri al-Maliki says that parts of his successor’s reform plan to root out massive graft and public spending are ”unconstitutional.”
Maliki, now one of Iraq’s three vice presidents, told reporters on Thursday that parts of the reform plan must be reversed because they are illegal.
He said his lawyers have already reported Abadi to the Federal Court, which will decide on the matter.
In an effort to cut expenditures and graft, last month Abadi announced he would remove some 130 top government officials, including several ministers and general managers.
Iraq’s three vice presidential posts would also be nixed under the reform plan.
“The positions of the vice presidents have not been eliminated and we are still discussing the options, since this is a constitutional question,” said Maliki.
He said that according to the constitution the president should at least have one deputy.
Although largely ceremonial, the post of president is usually given to a Kurd, while the head of the government and speaker of parliament are reserved for the majority Shiites and minority Sunnis respectively.
Prime Minister Abadi leads a consensus government that was formed last December after Maliki was ousted as prime minister in the aftermath of an inconclusive election and an invasion by the Islamic State group ISIS).
The reform plan was announced earlier this year as the national budget reduced by some 25 percent to $105 billion following a decline in global oil prices.
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what is the CBI telling the world when it is in the process of using its gold reserves to purchase its currency from the citizens of Iraq? …the CBI owns the IQD…why would they want to buy it back? …unless they have plans to do what? A person buys an under valued stock NOT if he/she believes it will go down in value…instead, you buy it believing it will go up in value. The difference here is that the CBI is the issuer of the stock…the IQD…they CONTROL its value and here they are wanting it back. IMO, we are watching the end of the process to reduce the note count…using gold is the one tactic that will get the rest of it in.
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