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Monday, August 7, 2017

BACKDOC UPDATE, 8 AUGUST

BACKDOC:  IF THEY DELETE THE PETRO-DOLLAR OR OLD DOLLAR COIN AS THEY MENTIONED IN PREVIOUS ARTICLES, WHAT WILL THEY HAVE LEFT?  (See Articles below)

COULD IT BE THE DIGITAL ASSET-BACKED DOLLAR THAT THEY CONNECTED TO IN FEBRUARY?  MMMM

IRAN HAS ALREADY REJECTED THE PETRO-DOLLAR, WHO WILL BE NEXT?  WILL CONTRACTS ANSWER THAT QUESTION IN OCTOBER? MMMM

WITH THE IMPORTANT LEGISLATION I WAS WAITING FOR NOW DONE, THE POWER TO CONTROL THE UNIVERSAL CURRENCY (BLACK GOLD), AND EVERY OTHER CURRENCY WILL BE IN PLACE BY OCT. 1ST IN THE NEW U.S. FISCAL YEAR, WHICH WILL USHER IN "THE NEW REALITY".
...
THE SIGNIFICANT PARTNERSHIP BETWEEN M.A.S. ( Monetary Authority of Singapore) AND THE UST, IMF, AND WB (World Bank)  IS NOW READY!

NO WONDER IRAQ SAYS THEY WILL PAY 100% OF THEIR SALARIES IN THE NEW DIGITAL DINAR BLOCKCHAIN BY OCT. 1ST! HEE HEE

MY EYES ARE ON THE THE U.S. BOND MARKET SINCE GREENSPAN WARNS OF A BLOW-UP. HE ALSO SAID EQUITIES COULD BE AT RISK AS WELL.

BERNANKE HAS ALSO ISSUED WARNINGS ABOUT THE BOND MARKET. ON TOP OF ALL THAT, THE BOND KING, BILL GROSS, HAS ALSO STATED COMMENTS ON A DANGEROUS BOND MARKET.

CHRISTINE LEGARDE ALSO MENTIONED THAT A U.S. CRISIS COULD HAPPEN, CONTRARY TO THE FEDS' JANET YELLENS COMMENT ABOUT A CRISIS NEVER HAPPENING IN HER LIFETIME.

WITH THE PETRO-DOLLAR DOWN CLOSE TO 15% FOR THE YEAR, I WONDER HOW CONTRACTS WILL BE PAID COUNTRY TO COUNTRY AFTER OCT.1st ? MMMM

I FOR ONE WILL WAIT TO SEE A DIGITAL RESCUE OF A POSSIBLE BLOW-UP AS GREENSPAN STATES COULD HAPPEN.

​I WILL REMAIN ASSET-BACKED UNTIL IT'S CERTAIN WHO HOLDS THE REAL ASSET. "THINK LIKE A SURVIVOR"  OBVIOUSLY, THE GOLD-BACKED DINAR CAN'T BE SAFER.

8@8, DOC

THESE ARE MY OWN THOUGHTS AND OPINIONS AND ARE NOT INTENDED TO CONFLICT WITH ANYONE ELSES OPINIONS. BLESSINGS! DOC

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

Don961:  Basra is unhappy to delete the "petrodollar" from the budget amendments

2017/08/07 (00:01 PM)

Baghdad / Range

Governor of Basra, yesterday, resorting to the judiciary to challenge the amendment of the budget law, in protest against the decision to delete the petrodollar paragraph of the law. Calling on President Fuad Masum not to ratify the amendment.

"The local government, both legislative and executive, held a meeting to discuss the implications of the deletion of the (petrodollar) clause in the amendment of the budget law by the House of Representatives," Governor Majid al-Nasrawi said during a conference in Basra.

Nasraoui said that Basra was scheduled to receive 385 billion dinars under the budget law this year.

The Governor of Basra that "the deletion of petrodollar by the House of Representatives reflected negatively on all projects in Basra, where the company stopped cleaning work, and delay the payment of salaries of teachers and teachers contracted with the Office of the province, as well as the disruption of the program dispatch patients for treatment outside Iraq, Investment vitality ".

"Nasraoui that" Basra appeals to the President of the Republic not to ratify the amendment of the law because of the injustice of the right to maintain and disruption of services, and if approved, we have many options, including a lawsuit.

For his part, said Ahmad al-Sulaiti, head of the Financial Control Committee and follow-up allocations in the Basra Governorate Council during the conference, it is not true that the House of Representatives and the federal government to enact a law to put the right of the provinces to act with certain financial allocations, and then cancel the law after entering the provinces In financial obligations, and therefore we demand the Presidency of the Republic not to ratify the amendment of the law. "

Al-Sulaiti said that "budgetary allocations have been significantly reduced in accordance with the amendment of the budget law, and therefore we must look for alternatives to finance, and we will try to find sources of funding without harming the interests of citizens."

http://almadapaper.net/ar/ news.....34222/link 

Russia’s Banks Get Serious About Digital Currencies
https://www.bloomberg.com/news/articles/2017-08-01/russia-s-banks-prepare-to-hit-the-gas-on-digital-currency-use

Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices.

Read more: https://www.cnbc.com/ 2017/08/04/greenspan-bond- bubble-about-to-break-because- of-abnormally-low-interest- rates.html

Dollar swoons after U.S. service sector data disappoints
The dollar fell against the euro on Thursday after softer-than-expected U.S. services sector data, then briefly fell more and hit a seven-week low against the yen after a report that a grand jury will investigate allegations of Russian meddling in the 2016 U.S. election.

From Reuters News:
Struggling dollar awaits U.S. jobs report for potential relief

The dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the wake of weak U.S. data, awaiting the closely watched non-farm jobs report later in the session for potential relief.
https://www.bloomberg.com/ news/articles/2017-08-01/ russia-s-banks-prepare-to-hit- the-gas-on-digital-currency- use

How the Prolonged Dollar Slide Reshapes the Investment Landscape
https://www.bloomberg.com/ news/articles/2017-08-02/how- the-prolonged-dollar-slide- reshapes-the-investment- landscape

The Fed's about to try something that almost always has ended in recession
The Fed has embarked on six such reduction efforts in the past — in 1921-1922, 1928-1930, 1937, 1941, 1948-1950 and 2000. Five ended in recession,

Read more: https://www.cnbc.com/ 2017/08/02/fed-balance-sheet- reduction-almost-always-ends- in-recession.html

The U.S. dollar continued its slide on Thursday against a basket of foreign currencies.

Read more: https://www.cnbc.com/ 2017/08/03/this-currency- trade-may-be-about-to-reverse- says-matt-maley.html

Read more: https://www.cnbc.com/ 2017/08/03/as-pg-cuts-ad- spend-clorox-ceo-explains- values-of-digital-marketing. html

Chartist identifies the ‘single most important technical level in the world’
Rich Ross of Evercore ISI says there's trouble in the charts for Apple.

Read more: https://www.cnbc.com/ 2017/08/03/chartist- identifies-the-single-most- important-technical-level-in- the-world.html

Yuan Watchers Strengthen Forecasts on Dollar Drop, PBOC Support
https://www.bloomberg.com/ news/articles/2017-08-03/yuan- watchers-strengthen-forecasts- on-dollar-drop-pboc-support

RBI Cut Seen Adding Fuel to Rupee Rally as Two-Year High Reached
https://www.bloomberg.com/ news/articles/2017-08-03/rbi- cut-seen-adding-fuel-to-rupee- rally-as-two-year-high-reached

A 'meaningful' market correction is close, says widely followed strategist
BofA Merrill Lynch chief investment strategist Michael Hartnett said there could be "something more meaningful" than "your average correction" this fall.

Read more: https://www.cnbc.com/ 2017/08/04/a-meaningful- market-correction-is-close- says-widely-followed- strategist.html

It's a very good time to be a money launderer, and you can thank cryptocurrencies
Initial coin offerings (ICOs) are exploding as cryptocurrencies like bitcoin gain wider public acceptance. That may be good news for money launderers.

Read more: https://www.cnbc.com/ 2017/08/04/icos-may-be-seen- as-securities-by-u-s-and- singapore-regulators.html

Struggling dollar awaits U.S. jobs report for potential relief
The dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the wake of weak U.S. data, awaiting the closely watched non-farm jobs report later in the session for potential relief

Asia tentative, dollar languishes on U.S. politics, mixed data
Asian stocks struggled on Friday after a technology-led drop on Wall Street, while U.S.

Treasury yields and the dollar remained under pressure on signs that probes into possible Russian interference in the 2016 U.S. elections are gathering pace.

No Bubble in Stocks But Look Out When Bonds Pop, Greenspan Says
https://www.bloomberg.com/ news/articles/2017-07-31/no- bubble-in-stocks-but-look-out- when-bonds-pop-greenspan-says

Political Drama Is Hitting the Dollar Hard
https://www.bloomberg.com/ politics/articles/2017-07-30/ trump-s-dollar-mess-losses- pile-up-as-political-drama- mounts

Trump's Dollar Mess: Losses Pile Up as Political Drama Mounts
https://www.bloomberg.com/ politics/articles/2017-07-30/ trump-s-dollar-mess-losses- pile-up-as-political-drama- mounts

Russia forces out nearly 800 US diplomats as dispute widens over sanctions
President Vladimir Putin said Russia will expel 755 U.S. diplomatic staff and could consider imposing additional measures against the United States.

Read more: https://www.cnbc.com/ 2017/07/30/russia-expels-755- us-diplomats-as-fight-over- sanctions-worsens.html

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