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Thursday, February 4, 2016

Zebragirl Transcription from OM by LAS, 4 FEB

    • LAS said
      02:22 PM Feb 4, 2016
    Zebragirl Transcription from OM
    2:50 PM zebragirl wrote 3m ago That was her message from the bank people last night, get here first thing in the morning. Well, get here as soon as you can, and they did when they could. They were offered an opportunity to exch 3 currencies right now today.
    2:51 PM zebragirl wrote 4m ago 1st stipulation: sign NDA. 2nd, can't use money to go buy more currency.
    2:51 PM zebragirl wrote 24s ago They turned it down bc of the stipulation that they couldn't buy any more currency, couldn't leverage it, go "shopping" and that's why they chose not to exchange
    2:51 PM zebragirl wrote 4m ago dong rate .47, just like the lady in Chicago. Zim was at .06. Dinar was .90.
    2:52 PM zebragirl wrote 4m ago Most exciting part was that they could do it today, right now. In addition to that they would have had black cards at their disposal w/spending limits of $25,000 a day. That was offered today, right now.
    2:53 PM zebragirl wrote 3m ago We are waiting for the full public RV
    2:54 PM zebragirl wrote 4m ago Not calling the RV but doesn't have issues with saying he believes it's done.
    2:54 PM zebragirl wrote 4m ago They turned it down bc of the stipulation that they couldn't buy any more currency, couldn't leverage it, go "shopping" and that's why they chose not to exchange
    2:56 PM zebragirl wrote 4m ago If it's this good today, what's it going to be like tomorrow? One of these days instead of .90 it'll be three something :)
    2:56 PM zebragirl wrote 17s ago It's not public yet, hence the offering of the lower rate
    2:56 PM zebragirl wrote 4m ago Told if the letters "RV" beside the rate then that was the rate.
    3:04 PM zebragirl wrote 12s ago banker called a member and told him to bring his currency in on Monday
    3:04 PM Conrad wrote 1m ago Ray/OM; some banks staying open late 2nite...
    3:11 PM zebragirl wrote 5m ago Three items: 1. Texastwc waiting to talk and bank called and she said I gotta go! 2) Member in chat reported their sister exch in Chicago for .47 on dong 3) Report this morning member last night said bank called and said be here first thing in the morning
    3:13 PM zebragirl wrote 5m ago The bankers were rolling out the red carpet for them.
    3:14 PM zebragirl wrote 6m ago This is being shared so you all know what to expect when you go. No drooling when they offer it to you, lol.
    3:15 PM zebragirl wrote 6m ago The script has been flipped, tables turned. You are going to be in control and are the captain of your ship! Go in with "What are you offering" and see how good the deal is.

    3:17 PM  zebragirl wrote 5m ago Our time has come, ladies and gentlemen! It is your turn and your time :)

TNT RAYREN TWEET, 4 FEB

TNTRAYREN98@THE_TNT_TEAM
12:51 PM PST - 4 Feb 2016
Exciting times indeed! 
Reports of bank screens changing colors and "RV" posted beside rates. 
Are we closer than close? 
#wearethepeople

KTFA CC NOTES, 4 FEB

KTFA:

Aggiedad77:  Hello Family.....here are the NOTES from last night's CC....I would encourage you to read, as you may have misunderstood a few things said....enjoy

Oh the bright clear brisk nights of winter make the stars shine so brightly it seems....February "marching" into March.....oh what the potential is for the stars to shine even brighter

Aloha  Randy

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***

CC Notes for Wednesday 02-03-2016

Frank26:  It’s time to continue our study of the Iraqi dinar Family. I want to tell you something tonight, Frank26 wants to tell you som

Remember my KTFA signature, Hebrews 11:1 “Now faith is the substance of things hoped for, the evidence of things not seen.”

I believe the evidence of things hoped for I believe is in front of us.

Look at your notes, when we started talking to you about military about 4 or 5 weeks ago, we told you there is a place just being torn apart…..we told you they are doing pretty good in Ramadi, that they are advancing very well…..and somewhere along the way we told you to look for a flag.

Well it was something like 2 days after we said that you see an article with a photo of Abadi raising a flag on top of a vehicle…..in Ramadi….that flag symbolized a lot of things….but there was very little information from the media and from of what was going on in Ramadi….the place was being flattened, constantly 24/7…..look for a flag…..

Then 5 weeks later, just this past Monday I tell you, Family, look at Fallujah….I know the Internet is talking about Mosul….but what about Mosul…..here’s what about it….there is a progression, take out a map….tell me where is Fallujah….where is Mosul…..where is Ramadi….so if you study that and pay attention you realize…..oh this makes sense…..so Mosul was put aside….we had to be confident in Ramadi…..then move into Fallujah in order to then conquer Mosul.

Just today they are telling you that coalition forces are moving into Fallujah…..what I say is Bologna….remember what you read about military action happened at least 2 weeks ago…..IMO…..the last time we were together, on Monday, I gave you information….I said we are three clicks from Fallujah.

The media tells you about 2 towns that were liberated, they are to the south of Mosul….they tell you about it but it was a while ago….the Peshmerga will come from the North, the West, the East and we will come from the South.

What is shorter in distance….a straight line or a crooked line….I like how strongcbm posted today and he said a straight line to the crooks will cause delays to get shorter….that’s funny and good….yes a straight line is shorter, that is why we told you it has to be Ramadi, then Fallujah, then Mosul….stop and think about it, we gave you exact information on Monday what the articles are telling you today.

Before Barzani came down from the North, he was interviewed and he said, without a plan to retake Mosul, there isn’t anything we can do about it….but it turns out they had a plan….it was called Ramadi, then Fallujah, then Mosul….but he couldn’t do anything about it prior to that because they had no plan….”without a plan to retake Mosul”….there is nothing I can do.

Yet we told you on Monday, once you see the battle plan start on the ground in Fallujah we are close….IMO.

You saw it start didn’t you….but IMO….that information is old….we were looking for the flag…..we were very happy that we saw the flag, but we didn’t really talk to you about it. We’ve learned if you aren’t going to pay attention to certain things….we are not going to turn the dirt over….we are not going to cultivate it for you….we are not going to say….hey….look over here….no….if you missed it you missed it.

On Monday we told you the US troops are pouring in….also old….but the main thing we told you…where are those troops….they are at the borders…..these troops are at the borders to protect the taxes and tariffs that are there now and we explained to you…..no more of this nonsense….no more mafia style junk…..

Well these troops are also creating another border….creating another border….I thought you said they were protecting the border Frank……they are creating another border….around the city of Baghdad….you have to think really hard about what I am telling you…..at this moment they are building a wall around Baghdad….they are called temporary walls and they are also building a trench….like a moat around a castle….think about that…..why.

Newspapers are saying that more troops are being used to fight ISIS….you know the USA is a mighty fighting machine….but it is a really stupid political arena….politically it is really silly….H won in Iowa by such a close margin….but I told you she would be there in the end…..it’s not really the end but it is coming….you think you vote for your President don’t you.

May I suggest that you look at what Aggiedad posted today….what Aggiedad did was give you a pretty decent explanation….IMO….about what is called the Northern Oil Company and the South Oil Company…..I talked to you on Monday about this company that is being established to represent the citizens equal rights of the oil….in other words the fourth prong of the HCL….or the oil and gas law…..

I think you need to go back and reread that again and understand….you see the NOC and the SOC….they are in line….that Long Line….they have to be….because they too have to be ready….because the moment they raise the value they will represent the percentage that belongs to the citizens….and because these oil companies are the cast mold of the true HCL….I told you it was in the budget….

The fact they are talking about the oil and gas law instead of the HCL is simply a disguise, nothing more….yep same thing….then you get this company to represent the fourth part that belongs to the citizens of Iraq.

Everything needs to be in its place….here’s an example….did you know about the NOC and the SOC….did you know that was needed to get the fourth part of the HCL that is sitting in the budget waiting for the NOC and the SOC….yeah I did Frank….then why complain….if you knew then keep waiting…just wait for it….I want to tell you something….and I will tonight…..so don’t forget….consider going back and looking that one over.

WalkingStick, I understand, line item, Article 6 of the oil and gas law of 2007, thank you sir, the plan is there, I saw it….thank you.

Oh by the way, in yesterday’s thread if you look at page 3, very first post on page three, from WalkingStick…..we told you that the GOI and the CBI were meeting privately at the palatial palace and they were doing certain things that were recommended by the IMF….

There it is….then Parliament….when they came out of these meetings, they vowed to overthrow a number of senior officials who do not want to learn a new trick or two….it’s hard for an old man to change his ways….especially when he’s been stealing and getting away with it.

Parliament, after these meetings with the GOICBI and IMF and they took the recommendations….the next thing we see is….hey Abadi doesn’t want to do anything with us….he told us he was going to go and do these reforms without us…..so the first thing we are going to do after passing these laws….we are going to get rid of you sucker….impressive……

The structure of stealing in that country is crumbling….it takes connections to properly steal then put it away, then to move it and sell it….being a thief is not easy….they got rid of thieves in Parliament just a few days ago….that is impressive.

You know what is not impressive is that twice I said to you that February the 8th, on Monday, and nada….you want more evidence huh…..right after February 8th….next Monday….how do you know that Frank.

You need to look at the sequence….then….the next thing you know….it turns out the CBI shows the citizens some gold coins….now you saw that article today….they said….check this out….this is a 100 gold coin….and the citizens look at it and say….so…..

Don’t you get the hint….yeah we know but we still don’t want to play with you guys…..Sistani told us not to help you….raise the value…..it is an order now from Sistani….and that is why Abadi is doing what he is doing and that is why the GOI is doing what they are doing and everyone is running all over the place doing things while everyone else is complaining that we are not.

Come here Iraqi citizen….first they offered me 100,000, then they offered 50,000….did you see that one Frank….Frank I got a 100k, I got a 50k….they are in my couch…..you got a blue couch…..I got a brown couch….in fact we hoarded them….they told us to stop hoarding but we said….forget you….now do you see what they are doing Frank…these coins….yeah I saw that….but Frank the coin….it’s a LD…yeah I know…..so why don’t they give it to us in the paper form…..because they are not ready to do that yet….well we don’t want to buy no gold….we would much rather buy the 100 LD….we think it is funny.

Then the CBI announces up to 50 million in reserves….big deal…what is it for….well it is for the monetary policy balance for the interest of the individual to be for the dinar cheap and the interest of the material economy to be the dinar most expensive and the head of the CBI said the dollar would be this cheap price…..what….?

What the Frank did he say….basically that was the crummiest translation we’ve ever seen….you know what they are saying……look….yeah we are working on building our reserves and yeah we are working on lifting the value of our currency….and yeah they said that….but here is what we are trying to tell you…..if the IQD goes UP in value well then the USD has to go DOWN in value….but the problem right now is that the IQD is DOWN in value and the USD is UP in value in our country and it is suffocating the Monetary Reform efforts of the CBI….oh well…why didn’t you just say that…..we did….the translation just sucks.

Now what’s the next thing that would happen….ready…wait for it….because we are not done says the IMF and the 12…..what…..we are not done says the IMF….here’s what we want to say….we support this process…..what process….the process to lift the value of the IQD and to decrease the value of the USD….

Family did you see the value of the USD today….97.29 or close to that…..so the proper translation to all this…..if the IQD goes up and the USD goes down….that is great….but the problem right now is the IQD is down and the USD is up….that is not great….

Then on top of things the IMF comes out and says we support this process…and TRUST us says the IMF……it will not lead to inflation….that bunch of garbage that that bunch of economists who are trying to make a name for themselves….

TRUST me says the IMF who came up with a plan that the GOI and CBI are taking counsel right now from the IMF….TRUST me says the IMF…..and these guys and what they are doing….what happened to the USD today….it went down…..so that is good IMF you are saying you support this concept of raising the value of the Iraqi dinar….yes….we know what we are talking about…..ok IMF….and we do not support the reduction of the value of the IQD….well that is the same thing, you just reversed it backwards.

Fine, just raise the value of your currency….and lower the value of the USD….and these were the ideas and recommendations that we present to you……thank you for taking them….what stuff….the plan….the meetings….the mission…..accomplished sir.

How are you doing USD….oh I’m getting to my true numbers….you mean they don’t need you any more….well everybody needs the USD….but maybe not at this moment.

Family we told you that in the third week of January the oil prices would go up….they went up….from $28 to almost $36….that is a major increase….Family then we told you in the month of February you are going to see the price of oil fluctuate….with a slow increase towards the end of the month.

Now Frank26 wants to tell you something…..because this is the end of our conference call….what I want to tell you is that….IMO….the ground attacks for the cities that we need are in progress….and because they are we as a TEAM have started a clock…..we call it an atomic clock….

For whatever reasons…..Frank26 wants to tell you….I am REALLY LOOKING forward to the month of March….Frank26 wants to tell you that in this month of February….this progression….these cities…..are going to lead us into an awful lot more.

amily I am going to give you more……Baghdadi is back in Iraq….his nephew was killed east of Ramadi along with 8 of his guards and one super important military commander…..and that means IOO (In our opinion)  that we are getting very close to the HORNET’S NEST…..

May I define the HORNET’S NEST as a command center that is very close to Baghdadi who is back in Iraq….Baghdadi is worried about certain things….mainly the air strikes that are hitting him.

I’m not too worried about this because we are making remarkable advances in Fallujah…..Baghdadi surrounds himself with his family because those are the only ones left that he can trust….and because of this we have started a clock.

I would advise you to pay attention to Backdoc, Thunderhawk, and Pappa-J….when they post something you should read it.

Once we turned our eyes to Fallujah….which we have by the way…..according to the media…..then Mosul is very close….and so are the reforms….Family…..Fallujah lies in the pathway of Mosul….you cannot get to Mosul unless you conquer Fallujah first….then we can bring a lot more advances from the GOI and CBI who are doing a lot of preparation right now.

This may sound silly but I would tell you to pray for Abadi….he is petrified….he’s worried and he’s under a lot of pressure.

Iran stated they are willing to wait for Iraq to enter the international world….to become trading partners….what does that mean to you….?

Ok….what do I call Iraq and Iran….Siamese twins……there was actually a study done to determine this….by Iran.

Dismissed with a prayer.

RCOOKIE TIDBITS, 4 FEB

THE TARIFFS…RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO…AS WELL AS ALL LAND…AIR & SEA BORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTOMS TARIFF ACTIVATION… TARIFFS AT THE BORDER ARE PAID BY IMPORTERS BRINGING CONTRACTED GOODS INTO COUNTRY…AND COLLECTED BY CUSTOMS BORDER AGENTS….

THOSE GOODS ARE THEN BROUGHT INTO RETAIL MARKET WHERE THE PRICES WILL REFLECT THEIR FAIR MARKET VALUE WITH INT’L EQUATION FACTORED IN… AND THEN REALIZED AT POS (POINT OF SALE) BY END CONSUMER…FINALLY A FAIR PLAYING FIELD FOR THE IRAQI PRODUCES.

DINAR GURUS UPDATE, 4 FEB

2-4-2016   Newshound Guru rcookie  THE TARIFFS...RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO...AS WELL AS ALL LAND...AIR & SEA BORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTOMS TARIFF ACTIVATION...TARIFFS AT THE BORDER ARE PAID BY IMPORTERS BRINGING CONTRACTED GOODS INTO COUNTRY...AND COLLECTED BY CUSTOMS BORDER AGENTS....THOSE GOODS ARE THEN BROUGHT INTO RETAIL MARKET WHERE THE PRICES WILL REFLECT THEIR FAIR MARKET VALUE WITH INT'L EQUATION FACTORED IN...AND THEN REALIZED AT POS (POINT OF SALE) BY END CONSUMER...FINALLY A FAIR PLAYING FIELD FOR THE IRAQI PRODUCES... 

2-4-2016   Newshound Guru firefly
   We are at a point now where agreements are going to be activated, no ifs or buts. Iraq has an obligation to get er done!

2-4-2016   Newshound Guru Millionday
   Press conference quote:  "within the coverage of the budget will be put national bonds at home to be purchased by citizens at an interest rate similar to the interest which are raised for foreign bonds," adding that "these bonds will bring good return to the citizen".   THEY HAVE ANNOUNCED TO THE CITIZENS THAT NOT ONLY ARE THEY ABLE TO COVER THE BUDGET AND AGREEMENTS BUT ALSO THEY WILL BE ABLE TO INVEST IN THE BONDS AT A GREAT RETURN --- THIS ANNOUNCEMENT IS A HUGE ONE TO MAKE IN IRAQ RIGHT NOW IN THE ECONOMIC CONDITION THEY ARE IN.  THIS REQUIRES THE MOVEMENT OF FUNDS TO EVEN BE POSSIBLE...I KNOW I AM EXCITED.

2-4-2016   Intel/Newshound Guru Mnt Goat   Update: Fighting ISIS:  It is my opinion that the battle for Mosul will not be long. I base this statement on all the planning I see and my conversations with many of my friends now stationed in the area. I can see they plan to move this along as quickly as possible... I believe they are still planning within the end of Feb timeframe for completion of this campaign.

LANDA GLOBAL CC REPLAY, 4 FEB

TNT CHAT UPDATE, 4 FEB

TNT : 

Yada:  Last night Hearing now that the dong is starting to float,,  it may inch up some to exchange a few notes until the RV,,,this is not the RV of the dong first, just a correction in the value since it had been on hold for so many years

It was confirmed this would not be double dipping because we wouldnt necessarily turn around and repurchase but can purchase other currencies if we desire,,,,,,,It would just resolve  serious financial issues but worth taking advantage of

And then there was some type of rumor or comment made that the adjustment may yield an increase in value of the dong to the dollar of close to 50¢

HappyVet:  the Dong is already a international traded currency

Yada:  But the value wasn't floating until 10 days ago


TBarts: Do you think if we exchanged some say at 50¢ per dong that we will be locked in to exchange at that rate later. First mouse....

Yada:  No because we can exchange at the regular exchange and this is just one that is just increase slightly that had nothing to do with the RV….. there will be a major adjustment after the RV as all currencies will,,

HH-depending on how much it floats-sell a couple of notes …pay bills…wait for RV

Inola7:  Inola7's Bro here- The Dong float may be a forcing factor of the RV. RV all currencies would go then... it eliminates that scenario

Briona:  At .50 cents I could exchange 2 million dong, which I paid $100 for and buy 1 billion Dinar. Who believes they would let this happen.
.
DanBlessed:  but THEY aren't counting on that briona....they are counting on people exchanging it and blowing it.

Briona:  If they want to float the dong, I will be sailing to the bank to exchange, but I just don't see it happening.

Lilypad: Good Morrning Room.  Wed CC: TIP FOR THE DAY: Keep your eye on the dong. We may just have a leveraging situation.  

PKG:  Right now, the dong has around 22 times less value than the dinar. It has a loooong way to go

Inola7:  nola7's Bro here-you would need to exchange 22 thousand VND to get 1 Dollar currently. We want to exchange 2 VND for 1 Dollar to equate to that .50 cent vnd rate.

ENORRSTE TIDBITS, 4 FEB

Article: “The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks”

 First, it seems apparent to me that this new initiative is being driven by the IMF rather than by the CBI or the GOI. That being said, I foresee things moving at a somewhat faster pace here forward. Second, to the extent that the GOI/CBI/IMF require payrolls to be made electronically it is my opinion that people will fall in line quickly with the simplicity of an electronic system. Think about the US:  we all used to use dollars (assuming you are over 60), but now we almost all use a debit card (at least I do). It was not a hard sell.

In fact, the transition was painless. Therefore, if a local Iraqi has a choice between pulling his dinars out from under the mattress to go to the market or taking his debit card, I would vote for the debit card. In time, and I suspect in a short time, confidence in the banking system will increase and more and more hidden dinars will come to the surface (there is also the lure of buying gold coins). All dinars that are brought to the surface will be destroyed and Iraq will join the world economy, as the IMF has stated. It is an ambitious goal, but with the backing of the world’s bank, I am confident that it will succeed. The alternative is not acceptable, either to us as investors or to the IMF.

BACKDOC UPDATE, 4 FEB

BACKDOC:  THUNDER ITS AN OBVIOUS FACT IN WORLD MARKETS THAT THE YUAN HAS BEEN UNDER PRESSURE TO DEVALUE SINCE CHINA HAS BEEN BURNING THROUGH ITS RESERVES TO DEFEND ITS CURRENCY! WE SEE CHINA CONTINUE TO SAY THEY ARE KEEPING THE YUAN STABLE! HAVE THEY BEEN WAITING TO DECOUPLE THE YUAN WHEN ALL COUNTRIES ARE READY TO RESET? MMMM THEY KEEP TALKING ABOUT DE PEGGING AGAINST THE DOLLAR BUT SO FAR NO ACTION! SEEMS LIKE A LOGICAL TIME TO DO IT IS THE BEGINNING OF THEIR NEW YEAR WHICH IS THE 8TH! MMMM OH BY GOSH BY GOLLY IT’S….. SLAP! DOC QUIT MESSIN AROUND THIS IS SERIOUS STUFF! OHH I’M SORRY I THINK TWO SHIA BROTHERS WERE SUPPOSED TO TEAM UP AROUND THAT TIME AS WELL. BAAA HAA  (Iraq and Iran) WELL, WE WILL SEE IF THEY FOLLOW THROUGH BUT THIS DECOUPLING NARRATIVE RAISED MY EYEBROW TODAY! HEE HEE 8@8, DOC    IMO
*****

Backdoc Alert U.S. Treasury Secretary urges China to communicate FX policy clearly U.S. Treasury Secretary Jack Lew reiterated to China the importance of transitioning to a market-determined exchange rate in an orderly and transparent way, the Treasury said on Wednesday. During a phone call with Chinese Vice Premier Wang Yang on Tuesday evening, Lew also urged Beijing to clearly communicate its exchange rate policies and actions to financial markets, the Treasury said in a statement. Wang said in the call that China remained capable of keeping the exchange rate of China’s currency, the renminbi, “basically stable at a reasonable and balanced level”, the official Xinhua news agency reported late on Wednesday. Xinhua added Wang and Lew also discussed how to push forward a bilateral investment treaty, under discussion for much of last year, to help improve business ties between the two countries. http://www.reuters.com/article/us-usa-c … SKCN0VC1OL ************ 

BACKDOC:   CLEARLY, WE ARE ONE FINANCIAL STUMBLE FROM MORE THAN A STUBBED TOE! LOL  (see article below) IF WE SEE THE ACCIDENT ON PURPOSE, THE FINANCIAL LANDSCAPE WILL END UP A LOT DIFFERENT THAN IT IS TODAY! WHICH CURRENCIES WILL SURVIVE AND WHICH ONES WILL GO? HOW WILL THIS ASSET BACKED TRANSITION TAKE PLACE INTO THE NEW REALITY? WILL THERE BE A BANKRUPT EURO? WHAT ASSETS ARE THERE TO BACK IT? NONE! ITS ONLY BACK BY A TREATY AND THAT TREATY IS UNDER PRESSURE WITH THE SHENZENG AGREEMENT AS WELL AS CATALONIA SPLITTING FROM SPAIN! OH AND LETS NOT FORGET ABOUT GREECE AND POSSIBLY GREAT BRITAIN EXITING THE EURO! CERTAINLY PRESSURE IS MOUNTING! WHERE WILL THE SYSTEM BLOW UP AT? DOC    IMO 

*********** 

Thunderhawk:   Backdoc Alert VIDEO: European banks near ‘terrifying’ crisis: Raoul Pal With European banks sitting at multiyear lows, one widely followed market watcher said some of the biggest ones could go bankrupt. 

Former hedge fund manager and Goldman Sachs alumnus Raoul Pal said his scenario is one most investors aren’t looking at right now. Pal said the banking issues have the potential to overtake risks associated with China’s growth slowdown and cheap oil. “So many of these [bank stocks] are falling so sharply. I think people haven’t even caught up with what is going on, and that really concerns me,” the founder of Global Macro Investor told CNBC’s “Fast Money” on Tuesday. “I look at the big long-term share charts of them, and I think this looks very terrifying indeed. I have not seen anything like this for a long time.” For Pal, negative interest rates are the chief reason why the bank stocks are in trouble. He said European banks have a tougher time coping in the environment than U.S. banks. The major European banks, he added, are already being stretched by global worries and issues within the banking system. He said the trouble could spread to U.S. banks. He suggested going short in this type of market despite a potential “free-fall” scenario http://www.cnbc.com/2016/02/03/european … l-pal.html 

BACKDOC:  BOY, THAT’S A BET I WOULDN’T TAKE IN LIGHT OF THE POSSIBILITIES!! (see article below) CAN YOU IMAGINE HOW THE MARKET WOULD REACT IF INSTEAD OF DEVALUING THE YUAN DE PEGS ALONG WITH SAUDI ARABIA? IF THE SAUDIS’ SWITCH THEIR SETTLEMENT OF OIL SALES TO BE IN YUAN THERE WOULD BE NO REASON TO DEVALUE THE YUAN WOULD THERE?

 ALSO THE SAUDIS WOULD WIN BIG BECAUSE THEY GET A HIGHLY VALUED CURRENCY THATS COMPATIBLE WITH THEIR MUSLIM BROTHERS AND TRADING PARTNERS! MMMMM COULD THIS BE WHY “OK JACK” WANTS THEM TO WARN THE MARKETS AND BE CLEAR? MMMMM HOW IN THE WORLD COULD THEY TELL THE MARKETS THAT? THAT WOULD CREATE A BLACK SWAN EVENT FOR SURE! I HAD A CHANCE TO VISIT OZ AND HE TOLD ME GOVERNMENTS AND PEOPLE WILL QUESTION WHAT IS OR WILL BE A RESERVE CURRENCY THEY CAN TRUST IN? HEE HEE    DOC  IMO

 ************ 

Thunderhawk:   Backdoc Alert Bets against China’s yuan build as traders eye G20 deal Billions of dollars in new bets against China’s yuan have been placed on derivatives markets this week as currency dealers weigh the chance of an official devaluation around this month’s G20 finance chiefs’ meeting in Shanghai. 

Yuan volatility and the bias toward a weaker yuan in options markets have surged to record highs in the past week and dealers say billions of “low delta puts”, which pay out only when the offshore yuan rate gets above 7.20 per dollar, have been taken out. The yuan is also back under pressure in the offshore spot market, falling to a three-week low of 6.6510 yuan as London opened on Wednesday CNH=D3. Onshore rates, which China controls tightly, were steady at 6.5778 CNY=. One-month volatility on the offshore yuan jumped from below 8 percent to almost 10 percent, a record high, versus 8.5 percent on the euro-dollar equivalent. Traders said option volumes – difficult to track because most of the market is conducted over-the-counter rather than on traceable platforms or exchanges – reached $12 billion on Monday and almost $17 billion on Tuesday. 

In morning trade in London, when dealers in the world’s biggest currency trading center are operating alongside their counterparts in Beijing and Shanghai, the bias toward a weaker yuan – essentially a net measurement – on 1-, 2-, 3- and 6-month contracts all surpassed record levels hit in August. “Clearly, the market sees that the intensive intervention from PBoC (People’s Bank of China) is not sustainable, and therefore the central bank will have to let the currency go at some point,” said Hao Zhou, a currency strategist at Commerzbank in Singapore. Much talk centers around how much more China will have leaked in reserves in January, in data due by the end of this week.

 Reuters polling ECONCN of more than a dozen banks puts the fall at a record $130 billion, reducing China’s war chest to combat yuan weakness to $3.2 trillion. Some hedge funds betting against the yuan have speculated the drop will be $200 billion or more. The sales desk of one large international bank in London was circulating an estimate of $262 billion to selected clients on Tuesday in an email seen by Reuters. 

WARNINGS Analysts from Bank of America Merrill Lynch called on Friday for G20 financial leaders to agree next month in Shanghai to joint steps that would include a one-off devaluation of the yuan and a commitment to a stable dollar to prop up flagging growth and head off another financial market panic. Against that, China has repeatedly warned “speculators” in the run up to the week-long Lunar New Year starting this weekend that it will keep the yuan steady. China launches its 12-month presidency of the G20 group of developed and developing economies with the Shanghai meeting of finance ministers and central bank governors on Feb. 26-27. Another big report this week on the yuan, from analysts at French bank Societe Generale, gave a one-in-three probability of the currency sliding to 7.50 by the end of 2016. “The People’s Bank of China (PBoC) may insist that it has no intention to devalue the yuan, but capital flows are putting significant downward pressure on the currency. China’s FX reserves are large but far from unlimited, or even sufficient, if large capital outflows persist. “Our central scenario (65 percent probability) envisions USD/CNY reaching 6.80 in 2016 in a largely gradual and controlled manner, but there is a large and growing risk that USD/CNY trades up to 7.50 this year.” http://www.reuters.com/article/us-china … SKCN0VC1HU

 BACKDOC:   PART OF THE DOLLARS RETREAT WAS DUE TO THE FED DOING A MOONWALK ON THEIR INTEREST RAISING POLICIES! HEE HEE IT SEEMS THE WORLD JUST CAN’T HANDLE ANY LITTLE RAISE BECAUSE COUNTRIES ARE SO FRAGILE FINANCIALLY DUE TO OVERWHELMING DEBT LOADS! AS I WRITE THIS WE ARE HEARING OF MASSIVE LAYOFFS WHICH WILL SHOW UP IN DATA IN THE NEXT FEW WEEKS! IT SEEMS THE WHOLE WORLD NEEDS SOME SORT OF A BAILOUT! GIVE ME A “G” GIVE ME A “C” GIVE ME A “R”  (see article below: DOC 

   IMO Thunderhawk:   Backdoc Alert Fed’s Dudley warns conditions are tightening Financial conditions have tightened since the Fed raised interest rates in December, New York Fed President Bill Dudley said Wednesday, according to a report from news service MNSI. Dudley also said in an interview with the agency that continued tightening on conditions would weigh on the Fed, MNSI reported.

He also reportedly warned that additional strength of the U.S. dollar could have “significant consequences” for the U.S. economy. Dudley is president of the Federal Reserve Bank of New York and a voting member on the federal central bank’s policymaking committee. His comments come as the Fed ponders its next move on monetary policy. The Federal Open Market Committee in December raised its interest-rate target a quarter point after seven years of keeping it near zero. It was the first rate hike in more than nine years. Read MoreWall St jobs surge at highest rate in 10 years Since then, despite policy that Fed officials insist is accommodative, financial markets have been in revolt. 

Major stock market averages have fallen considerably, with the S&P 500 down more than 8 percent. At the January meeting last week, the FOMC declined to raise rates and made some changes to its post-meeting statement that Wall Street considered significant. One move was the removal of the word “balanced” when describing risks to the Fed’s outlook. http://www.cnbc.com/2016/02/03/feds-dud … eport.html 

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 BACKDOC:  IT SEEMS THAT EVERYWHERE WE LOOK THE BEST MINDS ARE WARNING US! THIS IS A WARNING OF OUR BOND MARKET! IT SEEMS LIKE FRAUD THAT WE COULD ACTUALLY HAVE A BANK CHARGE US INTEREST TO KEEP OUR MONEY IN THEIR BANK! THIS NEGATIVE INTEREST ISSUE IS MADDENING! DOC    IMO

 Thunderhawk:   Backdoc Alert Bill Gross: ‘Shades of 2007’ as central banks flunk Low interest rates and massive levels of central bank intervention have failed to generate strong economic growth and are beginning to endanger investors, bond guru Bill Gross said in his latest analysis. Around the world, high debt levels combined with slow economic growth and tumbling oil prices are providing obstacles that extreme easing has been unable to cure, he said. In the U.S., Gross said even the Federal Reserve is unsure that risks to its optimistic outlook are “balanced,” generating “shades of 2007” in terms of what the headwinds are for growth. In sum, the problems challenge the assumption of central bankers like Janet Yellen in the U.S. and Mario Draghi in Europe that low interest rates are a cure for whatever ails the global economy.

 “They all seem to believe that there is an interest rate SO LOW that resultant financial market wealth will ultimately spill over into the real economy. … How successful have they been so far?” he wrote. “Why after several decades of 0 percent rates has the Japanese economy failed to respond? Why has the U.S. only averaged 2 percent real growth since the end of the Great Recession?” His comments come as monetary authorities around the world ponder tightening financial conditions despite loose monetary policy. In the U.S., the Federal Open Market Committee hiked rates in December for the first time in nine years, then followed with a post-meeting statement in January that equivocated on its economic assessment.

 Importantly, the Fed removed the word “balanced” to describe risks to its outlook. Futures markets have reacted, indicating that the Fed’s cautious but progressive course for rate-hiking likely would be deterred by tightening financial conditions. Traders on Wednesday were pricing in no chance for a rate hike in 2016 and only a 31 percent probability for a move as far out as February 2017, according to the CME’s FedWatch tracker. Gross, who runs the $1.3 billion Janus Global Unconstrained Bond fund and founded bond giant Pimco more than 40 years ago, said debt problems are coming into clearer focus for the U.S. “The household sector has delevered, but the corporate sector never did, and with investment grade and high yield yields 200-1,000 basis points higher now, what does that say about future rollover, corporate profits and solvency in many commodity-sensitive areas?” he asked. Indeed, ratings agency Moody’s has issued two warnings this week about deteriorating conditions in the corporate bond market. The number of corporate issuers in the distressed category rose 6 percent from December to 264, which is just 27 away from its credit crisis peak, Moody’s said Wednesday. The total has grown 44 percent from a year ago, pressured mainly from energy companies. However, Moody’s said the energy contagion is beginning to spread, with more than half its downgrades coming outside the sector. Its Liquidity Stress Index jumped to 7.9 percent in January, the highest level since December 2009 and the biggest single-month gain since March 2009. The index’s long-term average is 6.7 percent, with the all-time high of 20.8 percent hit in March 2009. Moody’s said a reading above 10 percent with 40 percent of the 21 sectors above that level “would be more worrisome for the default rate.”

 The agency expects the spec-grade corporate default rate to hit 4.4 percent in 2016. Gross warned investors to focus on safety. “What I do know is that our finance-based global economy is transitioning due to the impotence of monetary policy which has always, and is now increasingly focused on the elixir of low/negative interest rates,” he said. “Don’t go near high-risk markets, stay safe and plain vanilla. It’s not predetermined or guaranteed, but a more prosperous outcome should be somewhere around the corner if you do.” http://www.cnbc.com/2016/02/03/bill-gro … -fail.html 

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Thunderhawk:    FULL STEAM AHEAD !!!!!! DEALS – CONTRACTS – THE WORKS !!!! MAY TAKE 2 YEARS to RATIFY BUT THE GAME IS ON NOW!!!!   (See article below) What say you DOC BACKDOC:   THE RATIFICATION WILL HAVE SOME CHALLENGES ON THE SOVEREIGNTY ISSUES FOR SURE! DOC    IMO

 Dnari131:  yep Hawk and Bacdoc the game of thrones going full throttle indeed! ThunderHawk:   Trans-Pacific Partnership trade deal signed, but still require years of negotiations to become reality The Trans-Pacific Partnership (TPP), one of the world’s biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality. 

The TPP, a deal which will cover 40% of the world economy, has already taken five years of negotiations to reach Thursday’s signing stage. The signing is “an important step” but the agreement “is still just a piece of paper, or rather over 16,000 pieces of paper until it actually comes into force,” said New Zealand Prime Minister John Key at the ceremony in Auckland. The TPP will now undergo a two-year ratification period in which at least six countries – that account for 85% of the combined gross domestic production of the 12 TPP nations – must approve the final text for the deal to be implemented. The 12 nations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Given their size, both the United States and Japan would need to ratify the deal, which will set common standards on issues ranging from workers’ rights to intellectual property protection in 12 Pacific nations. 

Opposition from many US Democrats and some Republicans could mean a vote on the TPP is unlikely before President Barack Obama, a supporter of the TPP, leaves office early in 2017. US Trade Representative Michael Froman has said the current administration is doing everything in its power to move the deal and on Thursday told reporters he was confident the deal would get the necessary support in Congress. In Japan, the resignation of Economics Minister Akira Amari – Japan’s main TPP negotiator – may make it more difficult to sell the deal in Japan. There is wide spread grassroots opposition to the TPP in many countries. 

Opponents have criticised the secrecy surrounding TPP talks, raised concerns about reduced access to things like affordable medicines, and a clause which allows foreign investors the right to sue if they feel their profits have been impacted by a law or policy in the host country. In New Zealand on Thursday, more than 1,000 protesters caused traffic disruptions in and around Auckland and the polics said a large number of police force has been deployed. Chile’s Foreign Minister Heraldo Munoz predicted “robust democratic discussion” in his South American nation. Australian Trade Minister Andrew Robb said the agreement would be tabled next week in parliament. Opposition to the deal in Australia has been building, but Robb was confident it would be approved, despite the government not control the Senate. Canada’s new government signed the deal on Thursday, but Trade Minister Chrystia Freeland has said “signing does not equal ratifying.” She emphasised that the government committed itself to a wide-ranging consultation on the TPP during its election campaign and that process was currently underway. Secretary of the Economy for Mexico, Illdefonso Guajardo, said the TPP would be voted on before the end of 2016, while Malaysia said the deal had already been approved, although some legislative changes were still needed. http://www.dnaindia.com/money/report-tr … ty-2173819 BACKDOC:  GOOD NIGHT FAMILY! THANKS FOR ALL THE OTHER ARTICLES AND COMMENTS TODAY! DOC