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Monday, August 28, 2017

TNT Dinar Conference Call w/Rayren98

Wang Dang & Miss Kitty Iraq Dinar info

TNT Member Wallstreetgirl Says 9/21/17 is the DATE! 28 AUGUST

TNT

wallstreetgirl:

The new date I have been given for the RV is 9-21-17. my source in Arizona. for what it is worth.

Jose:
8-21-17 now its 9-21-17 whats with the 21st

tomatoe can:
Then we will be looking at Black Friday again after that!

wallstreetgirl:
8-21-17 was not my date. this is the first time I have ever posted a date I had been given outside of this board. they seemed pretty sure of themselves when they gave me this info.

tomatoe can:
Im just kidding! Thats not happening again this year!

wallstreetgirl:

my source lives in Arizona and has a bunch of dinar. a lot more than I have. so, maybe they know something we don't know.

tomatoe can:
Did he give any thoughts or reasons on the 9-21 date?

wallstreetgirl:
no reason for the date. just said that was the official date they received for the RV. drop the mic.

this person does not listen to any boards or talk about the politics in Iraq. they just know they invested in dinar and are sitting and waiting. probably a healthy way to watch this thing. props to him.

sunnygirl13:
wallstreetgirl: Thank you so much for sharing your info !!!!!!!!!!

wallstreetgirl:
I would think that anyone in Iraq with dinar would want their own currency to improve in value. not sure it should need to be tied to any other event other than good old fashion greed.

WSOMN CHAT, 28 AUGUST

TED1016: 
Sunday morning coming down, seems like every Sunday is the same as as I run the thought my brain what comes up is a Johnny Cash song. Dear Johnny was a good soul who was tempted by satin and finally with the help of a good woman turned his life to Christ and became a changed man. Kind of makes me wonder just how many of our members will become changed after the RV.

Changes for both good and bad I suppose but I have to believe that there will be enough of us who will be changed in a good way and really reach out and make a difference in our world one person at a time. Many folks believe it will take a lot of money to change people’s lives and mindset. Unfortunately many of us believe that some people are gaming the system so they look the other way when they see need.

Most Gracious and Heavenly Father help us to find the way to help others without being taken advantage of. This is our hope and truth be told our only salvation. When a person falls or stumbles we need to reach out and lift them up and encourage them to keep on trying because success only comes to those who don’t quit after a failure. Sure it isn’t easy but nothing worth having is ever truly easy.

Dear Lord God Almighty, please help those in need in our group, not just those who groan and moan about their situation but the ones who sit in silence not saying a word and suffer. I have known a number of such people who have let their pride keep them from seeking help and ultimately reached the point where they felt taking their own lives was all that was left for them.

My dear friends and fellow travelers down this road of life seeking a goal that others say is beyond our grasp. My prayer for you this early morning is that you fiend the strength to find someone to talk to because a burden shared is certainly a burden lightened. Sleep well my friends with every tick of the clock we come that much closer to our reward and a chance to change lives. Amen and Amen







GOOD MORNING WSOMN. IT APPEARS ON THE SURFACE THAT WE ARE MOVING INTO SEPTEMBER. THE DESIRE BY ALL IS THERE BUT I FEEL THAT THERE ARE STILL MATTERS TO BE RESOLVED DEALING WITH ACCOUNTABILITY AND THE VETTING OF GROUPS. MY OPINION ONLY. OFF TO WORK SHORTLY. DO NOT BE DISCOURAGED. I URGE ALL OF YOU TO CARRY ON WITH LIFE AS IF YOU NEVER HEARD OF THE RV.

I WOULD LIKE PAUL RYAN, MITCH MCONNELL, NANCY PELOSI AND CHUCK SCHUMMER TO ALL RESIGN AND TERM LIMITS BE IMPLEMENTED. IS THAT TO MUCH TO ASK?

AdminBill, what happened to your Intel sources ?? Have they gone quiet as you seem to stating 'your opinions only' these days.
H- I cannot speak for Admin, but I can tell you all have been asked to - go quiet

Prayers going up for all those hit by this storm. As for the RV read Admin comments. It's evident we should all carry on with life as if we didn't hold currency. I don't believe it's a scam, but quite doubtful it will net a return. Going into September will lead into October etc. So everyone going silent is probably best this way less disappointment. Thanks to all who share, but think that was the best method shared to date.


 

i heard we may not see anything until 2018 which sounds about right. new usa currency and rv~reset. when i first got into this a few years back i remember seeing somewhere about changes in currency values in 2018


it would be nice if this went now but thats just wishing and dreaming. i'm not a guru or intel person 



 



sparke actually changes were due around 2012

Lol, I listened to the outlaw call last night was interesting. Okie was on it

trel ive looked over those notes.....those guys are nuts, but really always have been

one thing i have learned about and am indebted to people like okie and group......there are lots of very gullible people in this world. all i know....when this is all over.....i am buying the nba, nfl, mlb, nhl and the pga with my 100 trillion zim note.......everybody here gets season tickets for life


 

toolfan - any real news you can share? I realize it doesn't come often, and appreciate you sharing it when it does. tvm


 

pete i have a couple of texts and a call im waiting to hear from. if i do hear anything of real interest, i will post it. info has been a bit slow. it kind of comes in waves. if there is any bad stuff, i usually hear that stuff, but right now only hearing good.


 

For those that mught not know, yosef was jewish by birth, and practiced that religion until a few years ago. His wife is jewish, he now prctices a christian spiritual faith. We all have a right to our own beliefs. I pray that you all look inside and see what is there.. tha is what I am doing.

WE WILL JUST GO ALONG WITH WHAT ADMIN WANTS AS THIS IS HIS SITE AFTER ALL. PLEASE REFRAIN FROM BRINGING IN ANYTHING TO DO WITH YOSEF.....PM TO EACH OTHER IF YOU WANT, BUT, NOT IN CHAT PLEASE....

THERE ARE SOME GURUS...THAT DO SEEM TO STRING US ALONG, BUT, THERE ARE A FEW REALLY GOOD ONES THAT ARE HONESTAND TRULY BELIEVE WHAT THEY HEAR, SO, PLEASE, LETS NOT KNOCK THEM DOWN. WE ARE BETTER THAN THAT....

LETS JUST STICK TO THE REASON ON WHY WE ARE HERE...THIS IS A BEAUTIFUL SUNDAY....HOPE YOU HAVE SOME KINDS OF PLANS TO SPEND IT WITH YOUR FAMILIES OR OUTSIDE...

SOMETIMES ITS THAT KIND OF DAY, JUST TO RELAX, WATCH YOUR FAV SPORTSTEAM, CHIPS, PERHAPS A COLD BEER. .....






 

Is there anything we can do to reduce or I can do to to limit the chat- I am a good lurker, but love the chat


 

Are donations needed or more help for the moderators?

If the moderators are worn out, maybe we can get more to fill in?

Does this mean chat will be mostly closed ?

Or new ones

Admin - Correct me if i am wrong ! With the reduction of form time, does that mean this RV could be a long way off ?

Crusty anything can happen and if he knew he couldn't tell us .
CRUSTY - SORRY, STEPPED AWAY BUT TO ANSWER YOUR QUESTION I DON'T KNOW.


 

Not so happy about the new WSOMN Suggestions but then that is just me and I am nothing more than a day stream on occasion, I should not be surprised this is not the first Intel site i that I have belonged to that has given up. First cut back the hours the room is open then eventually just shut it down completely. So sad..

In my opinion I feel that chat is good for people lets them release stress that they have. Also it a way for people to voice there opinions on what is going on. I vote to keep chat open.

Hi Ted u will get no comment on that in here

I figured as much Trel just slowly shut it down then go awy in time.

Hi mangelo .. good to see you... .................... Ted, no comment except, it will be hard to handle for me..........

I watched Gerry Mcguire go through the same actions. I will be sorry to see WSOMN go away. Many distant and never met friends here on WSOMN


 

TED1016 - WSOMN IS NOT GOING AWAY. WE ARE JUST PUSHING IT BACK A BIT. WHAT WE ARE DOING IS NOT THE SAME AS JERRY. GERRY IS A MEMBER HERE BY THE WAY.


 

Hold on all. The END game has always been depcted as ROUGH/ UGLY/SCARY. We should be looking at an RV soon. There is enough ugly stuff going on to distract the world as we do the global reset.

TED1016 WILL BE PROVIDED A FORUM TO KEEP HIS NIGHTLY PRAYERS GOING EACH MORNING IF HE WISHES


 

Admin thats nice Teds prayers are needed and very much appreciated!


 

Gerry rarely post and never responds to PM's The point that I am making is that over the years we have seen cut backs and ultimately closure, The WSOMN group to my way of thinking was more of a family than other boards As little as I ever Agree with Herb, I believe he is spot on with his statement. We don't have problems late night on the chat without a Moderator. I believe they are a bit over maned any way.

Forum articles are rarely read by the majority of members they come for the Chat more than anything else.

I always thought this particular room really didn't need mods in the traditional sense. Besides, they were deemed to be called 'hosts' in the beginning, not mods. Pretty well police ourselves since a few peeps were dealt with.


 

TED1016 PM

NOT SHUTTING DOWN UNLESS DIRECTED TO WHICH I DO NOT SEE HAPPENING. BUT I HAVE BEEN WRONG BEFORE.

Is it just me, or is the angst palpable over this topic. Seems like to to me. I think it's gonna be all right.

Snickers. Angst is palpable... We need to chill . As I said before, I have always heard that distractions are at the end.


 

gkel i cant get the tweet, admin wont approve me

Me neither tool

papa well, we are not in the cool crowd, real trouble makers we are.....lol

TOOLFAN - I HAVE NOT SEEN A TWITTER REQUEST FROM YOU. WHEN REQUESTING TO JOIN PLEASE USE YOUR USERNAME OR NAME SO I KNOW WHO YOU ARE. TY

Elmer & Okie , 28 AUGUST

elmerf123456 wrote 1h ago 8-27-2017 Intel Guru Okie_Oil_Man 

I have some information that I was asked not to relay and I hate that I've got a secret game but I just wish each of you knew just where we actually were...you would be jumping out of your socks...we are that close. We are clearly to the point of counting your money and I'll let it go right th 

elmerf123456 wrote 1h ago Okie did make this comment. Again he's only sharing what he's been told. Don't shoot the messenger!

DINAR GURUS UPDATE, 28 AUGUST

8-28-2017   Newshound Guru American Contractor   The Iraqi dinar has been fluctuating between 1189 and 1260 to the dollar.  The Central Bank of Iraq (CBI) continues to support the Iraqi dinar's peg to the dollar. The current peg is not expected to change for several years.  The CBI is obtaining badly needed loans from the International Monetary Fund (IMF) World Bank, and several private organizations to assist in the rebuilding efforts. Some organizations are reluctant to grant Iraq loans due to the simple fact that AML laws (anti-money laundering) are not withstanding and the additional lack of law enforcement is null.

8-28-2017   Newshound Guru chattels
   Article:  "Sunday, August 27, 2017 Tal Afar Battle Day 7"  Quotes:  "By the seventh day of the Tal Afar campaign the fighting was nearly over."  "Outside of Tal Afar, several villages remained under IS control. The Iraqi forces were mopping those up those as well."  [How long do you think it will take to clear out the rest of the country?]   I would think probably until the end of the year...Maybe April, 2018.   My sense is that there is political timing at work.  Abadi will want the maximum boost from the war to coincide with the elections in April and he will want to keep the Hash'd forces " busy " i think.

DA CHAT, 28 AUGUST

Tgirl:    Iraq Government News > A deputy calls for the expulsion of Barzani supporters from parliament and the federal government and deprive them of 17% of the budget

27/08/2017   Direction Press / Special

MP on the coalition of state law Awatif blessing, on Sunday, to expel MPs in favor of secession from Parliament and deprive the Democratic Party of government ministries and the joints of the state and 17% of the federal budget .

"In spite of international and regional objections to the referendum, Massoud Barzani is willing to use it as a means of pressure on the federal government, " he said.
 ...
"Barzani proves once again that he is a dictator after the end of his mandate and his insistence on staying on Kurdistan is a loss of legitimacy with the opposition of the Kurdish political blocs and this indicates the contempt of Barzani and disrespect for the Baghdad government ."

She pointed out that "when the Kurds voted on the Iraqi constitution, they voted on their fate to stay within the framework of the Iraqi state and the government of the Center to use the legal position and expel the deputies of the separation from the Iraqi parliament, especially Barzani supporters who declare their failure to recognize the decisions of the Federal Court, "He said.

"Barzani's announcement of the Kurdistan state will affect Turkey as there are Kurds in Turkey strengthens their position in the division of the region, so came the Turkish position against the holding of the referendum as well as the position of the Islamic Republic of Iran rejecting the referendum," indicating that "the position of the Zionist entity in favor of Barzani's policy of division Iraq ".

Editing / Mohamed Yasiri

http://aletejahtv.org/permalink/178687.html

Mike:    "when the Kurds voted on the Iraqi constitution, they voted on their fate to stay within the framework of the Iraqi state"

In that constitution there are stipulations for 17% of the budget and Article 140, both of which the Iraqi state have reneged on. This lady has big stones to demand that the Kurd's hold up their end while the GOI drops the ball.

 Let's see what happens after the referendum in September when 90% of those polled are opposed to Baghdad's leadership in Kirkuk and the rest of Kurdish controlled territory, this lady will be hysterical.
  • Stay grounded...

Kw:    She is a Maliki clone

Chasting:    exhausting.

Bglong:    I thought I must be reading it wrong.

Kaperoni:    Mike, I think your off base a bit. I am pretty sure the Kurds are getting 17%. The IMF is pretty adamant over these types of things. She has a real argument, as almost everyone (including the US and UN) and have stated this referendum is illegal.

Article 140 is not a significant reason to declare an independent state. Keep in mind, Barzani who is orchestrating this is several years past his time in Kurdistan yet remains.

Mike:   Respectfully, the Kurd's have never received 17% of the budget:

http://cabinet.gov.krd/a/d.aspx?s=040000&l=12&a=54240

The Kurd's haven't received any portion of of the budget since 2014 when Maliki cut them off, each blames the other for the debacle. Here's an excerpt from the IMF on August 12th that asks the GOI to begin paying the Kurd's their share of the budget:

Managers also stressed "the importance of addressing weaknesses in management capacity and data availability. In addition, the implementation of the budget-sharing agreement between the federal government and the Kurdistan Regional Government would put the two governments in a better position to address shocks."


http://dinaralert.webs.com/apps/forums/topics/show/13446690-international-monetary-calls-on-iraq-to-combat-corruption-and-share-its-budget-with-kurdistan


Heck, the GOI isn't even paying for the help from the Peshmerga in the fight against ISIL, let alone paying the Kurd's their constitutional share of the budget. Maliki cut them off three years ago and Abadi still hasn't gotten this deal sorted out.

Like I said, this lady expects the Kurds to honor their end of the constitution while the Shia majority continue to marginalize their minority brothers and the Iraqi constitution.

 If anyone can find an article that states Baghdad has resumed paying the Kurds their share of the budget, by all means post it. In the end, I think international pressure will force the GOI to do the right thing, and the referendum is the exclamation point for this.

 I don't know if Article 140 is a significant reason or not, but they've asked for this implementation for years and at this point, who can blame them for trying to find a work around. 
  • Stay grounded...


Kaperoni:    Mike, this is from your article...

1. During the interview, Prime Minister al-Abadi indicates that he is the Prime Minister of all of Iraq and that he takes up the responsibility of the general well-being of all Iraqis, including the people of Kurdistan Region. Yet, no one can deny the fact that since 2005 the Kurdistan Region has never received the full 17% of its share of the federal budget, in fact, it never exceeded 11.4%.

In addition to that, the federal government has cut the KRG’s share of the federal budget since February 2014. So far, the federal government has not spent a single Dinar on Peshmerga forces, the financial entitlement of Peshmerga forces from 2007 till the end of 2015 is estimated at eleven trillion, five hundred thirteen billion, forty five million Iraqi Dinars. 
As he pointed out, Peshmerga forces are part of the Iraqi defense system in accordance with article 121 of the Iraqi constitution, which entitles them to receive financial entitlements from the sovereign budget, especially since the Kurdistan Region has been covering 17% of the sovereign expenditure from 2005 onwards.

Kaparoni:  It appears they are getting some of it, just not all of it.

Paxx:   Wowza Kap. Kurds having been getting screwed for a long time. It's funny that General Matis is telling them to hold tight. Hold tight for what? To continue getting screwed? Hope not.

Hopefully, General Matis knows there is a bright, prosperous future ahead for the Kurds. If I am not mistaken the Kurds were our most reliable ally in the war. Why would General Matis allow this to go on (them getting screwed) unless he knows something different is in their immediate future?
  • Sooooo...... you are telling me there is a chance.

Mike:                    Yes, but Maliki cut them off entirely, zero dinars, in 2014. It's stated just below the highlighted section. Baghdad needs to honor their end of the constitution if they expect the same from the Kurds. IMO

http://dinaralert.webs.com/apps/forums/topics/show/13448793-a-deputy-calls-for-the-expulsion-of-barzani-supporters-from-parliament-and-the-federal-government-and-deprive-them-of-17-of-the-budget

IQD CALL CHAT, 28 AUGUST

chattels: KIRKUK, Kurdistan Region – The operation to retake Hawija from ISIS may not be next, said Kirkuk’s governor the day Iraqi forces announced they are in full control of Tal Afar “Based on the information we have and based on what the prime minister has said, it seems after Tal Afar, Kirkuk might not be next,” said Najmaldin Karim after heading a Kirkuk security meeting.
 
http://www.rudaw.net/english/kurdistan/270820173
 
chattels: Sunday, August 27, 2017 Tal Afar Battle Day 7 

http://musingsoniraq.blogspot.com/2017/08/tal-afar-battle-day-7.html

chattels: By the seventh day of the Tal Afar campaign the fighting was nearly over. By the middle of the day the Tal Afar We Are Coming command said that 75% of the town was under government control. That went up to 90% by night time.
 
The three thrusts into the town cleared the remaining neighborhoods in the middle, and then moved to the eastern end of Tal Afar. Along the way they took Muthanna 1, Muthanna 2, Arabiya 2, Bouari, Urouba, Salam, Qadisiyah 1, Qadisiya 2, Rabia, and the citadel in the center.
 
Most of the combat appeared to be done by the Federal Police and 9th Division along with the 2nd and 11th Hashd Brigades. Just two neighborhoods at the eastern tip of the town remained in Islamic State hands. The Iraqis and U.S. originally estimated 1,000-2,000 militants were in Tal Afar.
 
That now looks overblown as only a few hundred have been reported killed. Of course, given Iraqi propensity to exaggerate that figure will likely go way up later on. Tal Afar was originally surrounded at the end of 2016.
 
The cordon did not appear to be particularly done well as the Hashd continuously said it was cutting off the last route to Syria. It was said to be surrounded again about a month ago. That gave the insurgents plenty of time to leave. It seems most did, leaving behind only a small holding force.
 
chattels: Outside of Tal Afar, several villages remained under IS control. The Iraqi forces were mopping those up those as well. 8 towns were taken during the day by the 16th Division and the Hashd. That leaves 7 more to be freed.
 
chattels: Prime Minister Haidar al-Abadi arrived in the district. He’ll likely be able to declare victory by tomorrow. This has been a quick and efficient battle with an overwhelming force defeating a rather small insurgent group.
 
ElmerFudd: @chattels How long do you think it will take to clear out the rest of the country?
 
chattels: @ElmerFudd I would think probably until the end of the year.
chattels: @ElmerFudd Maybe April, 2018
chattels: @ElmerFudd My sense is that there is political timing at work.
 
chattels: @ElmerFudd Abadi will want the maximum boost from the war to coincide with the elections in April and he will want to keep the Hash'd forces " busy " i think.
 
chattels: @ElmerFudd When DAESH is gone the infighting will begin in earnest between Iraqi factions.
 
Baxter: Been gone for about 5 days... I see not much has changed in DinarLand...
 
chattels: @Baxter Okie is saying otherwise :)
Baxter: OMG... he is back?
Baxter: I believe we are into next year now...
 
chattels: @Baxter 8-27-2017 Intel Guru Okie_Oil_Man I have some information that I was asked not to relay and I hate that I've got a secret game but I just wish each of you knew just where we actually were...you would be jumping out of your socks...we are that close. We are clearly to the point of counting your money and I'll let it go right there. 
 
chattels: @Baxter Ignorance or deceit, the result is the same.
Baxter: absolutely.....
 
Zig: Thanks, Okie!!!....I'm excited!!....Oh yeah!!!.... 'happy-dance
 
ElmerFudd: @chattels Well, it may take that long, depending on how fast they decide to move.
 
ElmerFudd: @chattels I would have thought the max boost would be the RV.
 
Spectra: quote from the newest guru- have you read it????
ElmerFudd: Nope.


xyz: [LONG READ ... ] Invitations to establish an Iraqi bank to pledge gold for cash money http://translate.google.com/translate?u=http://www.almadapaper.net/ar/news/535181/-

The Central Bank, which had earlier adopted a strategy for financial inclusion described by some as effective in order to contain the funds extorted outside the banking system, which according to the Central estimates of 77% of the monetary value
 
txbrand: @Zig would love for him to be right... ;sad2; but i know better
 
Spectra: GURU- PigglyWiggly..SAYS we are all going to be frying the bacon soon,because the butchers are gone.now get Jiggy with it!.....
 
Spectra: GO [PigglyWiggly ........ :Tup
Spectra: LOVE THOSE PIGS!
LeLe: Spectra too funny!
 
xyz: Shocking statements of a senior Kurdish official on the referendum of the region http://translate.google.com/translate?tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstoryid%3D65396
 
Meatball: 9/25/17 will be interestering
 
Brow: @Meatball - There Is No RV - Scam
Brow: @Meatball - You are Right (BS)
 
Meatball: @Brow hey there
 
xyz: @Brow r u saying am scammed?
 
Brow: @Meatball - You are Right
Brow: @xyz - Will never Happen - Get over It !
 
xyz: @Brow and you enjoying hanging around?
 
Brow: @xyz - Yes
Brow: @Meatball -You are A man Of Men - Thank You-
Brow: Lets be Honest !!!! HMmmmmmm
 
Spectra: FROM KTFA....FRANK26 ...Saudi Arabia congratulates Iraq on the liberation of Tal Afar 4 hours ago Saudi Arabia on Sunday congratulated Iraq on the liberation of Tal Afar from a terrorist organization, stressing that it stands with Iraq with all its capabilities to fight terrorism and extremism.
 
"The official source at the Ministry of Foreign Affairs congratulated the Kingdom of Saudi Arabia on the Iraqi government and people on the occasion of the victory achieved by the Sons of Iraq to organize a call to the terrorist restore Tal Afar district of his grip."
 
xyz: The Central Bank demands the ministries of the names of banks that give the damaged banknotes within salaries
 
https://translate.google.com/translate?hl=&sl=auto&tl=en&u=https%3A%2F%2Fwww.alghadpress.com%2Fnews%2F-%2F115920%2F-%2F%20&sandbox=1

The newspaper "Al-Ghad Press", on Sunday, a document issued by the Central Bank of Iraq, addressed to all ministries, on the replacement of banknotes damaged.
 
According to the document, all ministries, to provide the Central Bank of Iraq, the names of banks and its branches that pay the damaged banknotes within the salaries received, indicating that the bank will account banks that violate the instructions.
 
Foxmulder: Scam alert !!! OK everyone sell your dinar
Spectra: @Foxmulder lol exactly! ;Spectra:
Foxmulder: ;camel
 
Spectra: so is it done? Saudi Arabia congratulates Iraq on the liberation of Tal Afar 4 hours ago
Spectra: @Foxmulder that looks fun is it a bumpy ride
 
Meatball: @Foxmulder you got one of the most creative names lol
Foxmulder: Ya kinda bumpy
 
Foxmulder: @Meatball thanks THE TRUTH IS OUT THERE LOL
Meatball: @Foxmulder lol... great show!
 
Foxmulder: @Meatball yes it was
Brow: Thank "God" For Truth Calls
Meatball: @Foxmulder I still binge watch it
 
Foxmulder: @Meatball i dont see it much on tv any more
 
Meatball: @Foxmulder I bought the cds.... went old school lol
Foxmulder: Good idea
 
Meatball: @Foxmulder I really like duchovnys show Calafornication
 
Foxmulder: Did not see much of that myself ..the wife llked it
 
Brow: Hmm- What is Fake People ?
Brow: @Spectra - Do you Know ?
Brow: ? Just Wondering
 
Spectra: @Brow IM not saying anything is fake just was kidding around
Spectra: @Brow Foxmulder: Scam alert !!! OK everyone sell your dinar
Spectra: @Brow thats fake
 
Spectra: @Brow you doing ok there whats going on did the rain stop
 
txbrand: http://thefederalistpapers.org/us/can-spot-difference-trumps-oval-office-compared-presidents?utm_source=BPR&utm_medium=BPR&utm_campaign=BPR
 
txbrand: Can You Spot The Difference In Trump’s Oval Office Compared To Other Presidents?
Boomer: The flag on the right side of the photo
 
Spectra: Trump has better decorating taste,obama's was boring!
 
Brow: @Spectra - It's all a Scam
 
Brow: @Spectra - The down Fall of the World
Brow: @Spectra - There isis a "WAR" Coming-
 
Brow: @Spectra - Trump Is the " Wakening"
Brow: @Spectra - ******s or ******s White or Black 
Brow: @Spectra - Truth - Is coming
Brow: @Spectra - Your Really in the Dark
 
Spectra: @Brow no
Spectra: @Brow in the dark about what/
Spectra: @Brow oh you mean ANTIFA
 
Spectra: @Brow wearing masks all in black hiding their identities it is suspicious no dought
 
Spectra: @Brow i think it looks like a bunch of terrorists
Spectra: @Brow We certainty can equate them to the BOLSHEVIKS
 
Brow: @Spectra - Let's se what's coming Down in the Next Few Months
 
Spectra: @Brow yes of course september 23rd is important
Spectra: @Brow its not just a dart thrown on a calander
 
Spectra: @Brow i pray we all will get through this
Spectra: @Brow These times are testing all of us
Spectra: @Brow From every angle imaginable

Contemplating rupiah global bonds to attract foreign funds, 28 AUGUST

Mon, August 28, 2017 

In the middle of limited funds available in domestic market, Indonesian corporates must start considering attracting foreign funds to fulfill their high investment needs. Aside of the traditional way of raising funds through foreign debt which can lead to further currency risk, there has been recent contemplation to raise them in more innovative and less risky way,such as by issuing global bonds denominated in rupiah. Infrastructure-related state-owned enterprises (SOEs) are currently assessing the implementation of such method.

There are two sources of domestic external financing for domestic corporates in Indonesia, which are bank lending and capital market. While other countries has ample stocks of both, the total that Indonesian corporates can access currently is just around 20 percent of their investment needs per year. The gap therefore will be funded mostly by corporates’ internal funds.

Big domestic investors in Indonesian capital market such as social security funds is also in the dearth of capital with total asset together of only less than 20 percent of Gross Domestic Product (GDP) which makes its contribution not ample even if their asset allocation policy is changed. Other countries for example Malaysia has almost 60 percent of GDP of social security funds.

Although Indonesia has benefiting demographic profile and already started to implement mandatory social security scheme, there is structural challenge for this type of funds to grow which is the high proportion of informal economy in Indonesia. Based on Indonesian Bureau of Statistics, 60 percent of active workers are non-salary based workers.

With pressing investment financing challenges, corproates should explore more innovative ways to mobilize foreign funds. One way to do it is by creating instrument that both could match the foreign investors’ appetite and less risky for corporates.

There is one big challenge for corporates to borrow from outside of Indonesia, which is the mitigation of the currency risk. If the instrument is to be issued in foreign currency, which is normally the case, there will be huge currency risks that will be carried by our domestic corporations. Learning from 1998 Asian crisis, this is probably not the best idea to implement.

Starting from the beginning of 2017, rupiah has been relatively stable compared to its historical datas. Ideally, this will be a positive factor for foreign investors to increase their cross-border investment appetite. A study by Yie and Yoo ( 2010 ) articulated that the foreign investors’ lending appetite which is reflected in the risk premium moves together with local currency external values.

However, at the same time, based on Bank Indonesia’s foreign debt statistics, the trend of private foreign debt has been declining since end of 2016 to current growth of negative 1,4 percent (year on year). Currently, our private foreign debt is still quite high, which is accounted for 49,2 percent of total foreign debt.

Some policies such as implementation of Bank Indonesia’s hedging regulation may be attributable to this declining trend. In 2016, Bank Indonesia made it mandatory for domestic banks to hedge their foreign exchange position. Although aiming for better vulnerability management, it potentially create externality effect such as reducing coporates’ appetite to borrow from foreign lenders.

Based on the two main reasons above which are the lower perceived risk of rupiah as well as regulation factor, there is a room for rupiah global bonds to become alternatives for corporates to finance their investment.

Rupiah global bonds is bonds denominated in rupiah but issued and traded outside Indonesia. Although it is a relatively new instrument in Indonesia because our global government bond for instance has been issued in internationalized currency such as US dollar, the potential is very huge.
There are approximately 38,98 percent of our local currency government bonds held by foreign investors while almost zero percent of our corporate bond is. To further depict this high potential, the foreign ownership in our stock market is accounted for 48,47 percent of total market capitalization. The two figures reflected the big appetite of foreign investors toward domestic financial assets.

From foreign investor point of view, this instrument is going to be very attractive given today’s global financial market liquidity especially in the middle of very low or even negative interest rate era in advanced economies such as Europe and Japan. Second, the recently upgraded credit rating of Indonesia by Standard&Poor’s that we believe will lower the perceived risk for investing in Indonesia in general.

However, there are still generic challenges for foreign investors to invest in rupiah bonds, which is the availability of hedging tools given the current central bank policy that limits rupiah supply overseas. Besides, liquidity of corporate bond market is generally very low which makes it hard for foreign investors who like to trade their bonds.

To make it grow, therefore, there are multiple steps. First, the transaction should be designed to be open for settlement in rupiah or US dollar as well as domestic or overseas. The latter is especially for foreign investors that does not have representative in Indonesia. If corporates want to attract wider investors, this should be top priority.

Second, there should be market makers in the corporate bond market. It is basically copying government’s current strategy to assign some banks to act as “primary dealers” to trade their government bonds in the secondary market so it becomes liquid. This is especially relevant if corporates is aiming at long term funds.

Third, government should ensure a fair taxation. Such cross-country transaction is prone to double taxation given the involvement of two different jurisdictions. Currently, based on government regulation number 100/2013, such tax is subject to tax treaty between the two transacting countries.

Fourth, the transaction should not be treated as foreign debt which will be subject to heding regulation. It matters because the corporates will get the funding and give the paybacks plus interest in rupiah so there is no currency risk for the issuers. The only aspect that interferes criteria of foreign debt is the possibility of increasing rupiah demand overseas.

Last but not least, in the middle of growing foreign investors attention toward Indonesia’s infrastructure sectors, and with low credit risks too, infrastructure-related SOEs could be promoted first for the rupiah global bond initiatives. Indonesian state-owned tollroad company Jasa Marga in July was reported considering this method to finance an ambitious highway project.

If it is utilized optimally, it will gain benefit from the recent momentum of other countries’ similar initiatives such as China’s dimsum bonds and India’s masala bonds.

Despite of the reasonability, the implementation needs to be accompanied with ample supervisory activity by Indonesian Financial Supervisory Agency so that financial system stability is well preserved.

http://www.thejakartapost.com/academia/2017/08/28/contemplating-rupiah-global-bonds-to-attract-foreign-funds.html