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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, May 26, 2018

"Confirmed East Coast Bank Story" by PVTornado, 26 MAY

Every so often we hear bank stories on IDC, and to be perfectly candid, it’s nice to hear positive things but we never know for sure if the stories we read are indeed real. 

Well, today, I finally had my own bank story so now I know that at least one bank story is definitely real. I came back in the house and checked my answering machine and one of the messages was from my bank, TD bank. The lady on the message stated that they knew that I have been a regular customer for many years, that she mentioned that I bought some foreign currency in the past, and had a couple of checking accounts and savings account. 

She went on to say that TD Bank has a wide range of services and that I could call back to talk with them or next time that I came in, to drop by her desk and she would introduce me to the manager.

Now you have to understand that this has NEVER happened to me before!! My bank has NEVER called me about anything since they’ve been in existence in my state of New Jersey. They KNEW that I purchased Vietnamese Dong a few months ago. They do not know that I have Zim and will be going to a redemption center...so my belief is that they are calling customers that might be looking to exchange other currencies during the RV or to have some pass-through accounts after the event.

I definitely feel that the banks are getting ready for the RV anytime now, so cross your fingers, say a prayer and get ready to do GREAT things for the world and the ones you love.

KTFA: TURKISH LIRA, 26 MAY

KTFA:

Doc.K: Using their own currency ...........    anybody have Lira ??

Samson:  The Turkish president calls on citizens to transfer their savings from the euro and the dollar to the lira

 26th May, 2018

Turkish President Recep Tayyip Erdogan on Saturday called on citizens to turn their savings from the euro and the dollar to the lira.

"All foreign currencies in excess of their short-term needs have been converted into the Turkish lira as of Wednesday, in a move aimed at boosting the exchange rate of the lira," Anatolia news agency quoted the Istanbul Stock Exchange as saying.
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"The conversion of the foreign exchange surplus into the Turkish lira shows the confidence of the exchange in the Turkish lira," the exchange added.

"The economic growth achieved in Turkey last year reached 7.4 percent and the exports increased by 2017 by 10.2 percent to reach the level of $ 157 billion," she said.

The decision comes after the Turkish currency fell sharply, record levels, as affected by the rise of the US currency and concerns about the ability of the Central Bank of Turkey to curb the rate of inflation in the country.   LINK

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Samson:  Calls and begging to save Erdogan from the impact of the collapse of the Turkish lira

2018-05-26 at 17:37 (Baghdad time)
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Spread on social networking sites calls for figures from political Islam and the organization of the Muslim Brotherhood calls to save the Turkish lira from collapse.

These people justified their calls, fearing that the collapse of the pound would affect the chances of Turkish President Tayyip Erdogan's victory in the upcoming presidential and parliamentary elections.  "Muslims rushed to save the Turkish lira," one of them wrote on Twitter. 

Earlier on Saturday, Erdogan called on the Turks to "save their currency" and convert their savings in euros and dollars to the lira. 

Turkey suffers from a large current account deficit, above 5 per cent of GDP. This means, according to experts, that it imports more than it exports, and need external funding to compensate for the difference. Ankara relies on short-term debt to maintain economic performance, but this comes at a risk that supply supplies will dry up quickly if investors want to exit the Turkish market.

For his part, considered the deputy head of the party of the Turkish nationalist movement Sevan Ayagan it would be good not to interfere with Turkish President Recep Tayyip Erdogan in financial policies. 

Ayman, whose party allied with Erdogan's party in the upcoming elections, stressed that his remarks were not intended to criticize the Turkish president. 29 ended and Erdogan has hinted in his interview with the Bloomberg site during his visit to London that he will intervene in the central bank 's policies, where Erdogan expressed his opposition then to raise interest that the beneficial interest rate decline is the low rates of inflation.

Erdogan said he met with the head of the Central Bank and Economy Minister Nihad Zibekji before traveling abroad, but the bank decided to raise interest rates after he left the country.

"They did it without my knowledge, and some of the colleagues' comments about the economy are very wrong," Erdogan said.  The currency has fallen more than 20 percent of its value since the beginning of the year, before gaining some gains, as investors turned to selling the pound in the recent period to concerns about the central bank's ability to contain inflation.  LINK
Samson:  The Central Bank of Turkey allows the repayment of some debt at the fixed lira

 26th May, 2018
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The central bank of Turkey again intervened to stop the record decline of the local currency, after raising interest rates earlier this week

The Central Bank of Turkey said in a statement on Friday that it would allow some debts related to export services and foreign currency income to be paid at the fixed pound rate

The fixed currency rate of repayment is LL 4.2,000 per USD and EUR 4.9,000 per Euro

The central bank is expected to pay about 3.5 billion dollars, according to Reuters

The Turkish lira hit record lows against the US dollar this week, prompting the bank to raise interest rates by 300 basis points but did not prevent a sharp collapse of the local currency

The agency "Fitch " has warned of the risks related to the credit rating of Turkey, after early elections in June, for fear of government intervention to control monetary policy

The Turkish President, "Recep Tayyip Erdogan," yesterday to take serious steps to address the acceleration of inflation, which amounted to 10.8% in April

By 7:30 pm GMT, the Turkish lira fell about 0.5 percent to 4.7304 pounds against the dollar
LINK

RECAP "DID YOU REMEMBER THIS VIDEO?" Dinar: Dr. Shabibi answering revaluation and redenomination questions

DINAR IRAQ & DONG VIETNAM UPDATE, 26 MAY

IRAQ:Banks and Dinar Recovery!
More than two months have passed since the stability of the exchange rate and the recovery of the Iraqi dinar and the increase in purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price, despite the pessimistic forecasts that it markets Speculators that the dollar exchange rate will rise during the election and after the results emerge or cause the political circumstances of the US escalation against Iran.
For the purpose of assigning decisions of the Central Bank and maintaining the recovery of the dinar requires the Iraqi banks and branches of Arab and foreign banks operating in Iraq to go to real banking and activate the financing of small and medium enterprises and provide modern electronic banking products and attract deposits and participate in the establishment of the insurance company deposits and the establishment of the national companies to finance large projects , which contribute to commercial and Islamic banks and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector in accordance with the directives of the Governor of the Central Bank of Iraq last in the periodic meeting The last monthly of banking leaders and emphasis on the stability of the exchange rate and recovery of the Iraqi dinar.
And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity.
The time has come for our banks to move to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the proportion of financial coverage.
The banking sector should play an important and important role in the development and revitalization of the economic cycle, stressing that the stability of the exchange rate should not make banks afraid of their future in the banking market.
On the contrary, the stability of the exchange rate should be an incentive to improve the banking sector and achieve growth in the national economy and stability in the monetary and financial system. And the trend towards investment and reconstruction.
*****
Việt Nam’s GDP projected to grow 7% in 2018 
24th May, 2018 

The upward trend in consumer spending is likely to continue this year while inflation is expected to remain under control Việt Nam’s economy could grow by 7.02 per cent in 2018 under a high growth rate scenario, according to the National Center for Socio-Economic Information and Forecast (NCIF). The NCIF predicted two economic development scenarios for Việt Nam’s economy this year, including a basic scenario marked by a medium growth rate and a high economic growth rate scenario. 

According to the NCIF, the basic scenario is more likely to occur. Under this scenario, investment in the public sector would help maintain a steady growth rate, playing an important role in regulating the economy. This economic model could see more restructure, but the capital and exports are expected to remain the backbone of economic development.

 The financial system is projected to maintain its stability, while financial and monetary management are expected to become flexible. Domestic economic growth this year could reach 6.83 per cent under this scenario, while inflation is projected to remain low at about 4.5 per cent. The NCIF forecasts a higher GDP growth rate under the high economic growth rate scenario if the economy can sustain the results expected in the basic scenario in addition to government efforts in economic reform and governance aimed at removing bottlenecks in several sectors of the economy, including land policy, credit and administration. 

These efforts are expected to create a favorable business environment for the development of the business community. Under this scenario, the economy could grow by 7.02 per cent in 2018, with average inflation at 4.8 per cent. Factors for economic growth The NCIF said national economic growth in 2018 is expected to sustain its upward trend, as global economic development could have positive effects on domestic economic activity.

 Government efforts to remove economic roadblocks put in place in 2017 are expected to have more impact in 2018. Newly signed free trade agreements are projected to bring breakthroughs in investment as well as the expansion of export markets. Localities and ministries have also initiated efforts to improve the business investment environment. These are expected to boost domestic economic development by the end of the year.

 Regarding the development of specific sectors, the centre said production and business activities of enterprises are also likely to improve. Despite facing many difficulties in 2017, Vietnamese enterprises have more opportunities to develop in 2018, with their focus on their core business, allowing them to adapt to the increasing competition, reported vov.vn. The NCIF also projected 2018 will be the year that Việt Nam’s enterprises are able to integrate further into the regional and world markets. The promotion of corporate equitisation and development of the private sector this year will promote economic growth in the coming years, the NCIF said. 

In addition to the Small and Medium-sized Enterprise Support Law, which took effect on January 1, enterprises are also expected to focus on developing advanced management strategies to enable themselves to do business in the global economy. A number of large enterprises, such as Samsung and Formosa, are predicted to experience major expansion in terms of production and business this year, boosting growth in the processing and manufacturing industry and creating momentum for domestic economic development. 

The NCIF also said successful trade agreements could provide an opportunity to attract foreign direct investments into Việt Nam, not only in term of new investment but also additional investment in existing projects. The NCIF forecast highlighted positive factors in the import and export sectors due to improvements in cooperative relations between Việt Nam and other countries. Higher growth rates in Việt Nam’s key partners could increase demand for Vietnamese goods, the NCIF said.

 Prices of key commodities are also projected to increase, which could expand Việt Nam’s trade value. Export levels are also expected to grow due to a recovery in domestic production. The upward trend in consumer spending is likely to continue this year while inflation is expected to remain under control, the NCIF said. However, the NCIF said internal economic problems, including unsophisticated technology and the gradual exhaustion of land and natural resources, still pose a major challenge for domestic economic growth. While there have been developments in productivity, efficiency, and competitiveness, the economy is still in search of a real breakthrough, the NCIF said. 

Việt Nam’s labour market this year could face numerous challenges from the fourth industrial revolution (4.0 Industry), which affects all aspects of the economy and society, especially, the textile and electronics sectors that have used a large number of labour.

What to BUY when the IRAQ DINAR REVALUES??????

LETTER OF DEBTARHEELGIRL, 26 MAY

DebTarHeelGirl:  A personal note to you from my heart...

As you know through the years the GCR/RV intel that we have heard such as “exchanges will start on such a day and such a time” …and that news has come and gone.

It's wonderful if some of us may have people of family relation that are workers in the GCR/RV process seeing that this does come to pass, but guess what, the real facilitators are not going to tell common citizens, guru or not of the exact release moment.

Why would they give the plan to anyone to help the “enemy” keep it in turmoil and delay it from coming to us at all?

Let this process, let it happen .  Trust it's going to happen at the right time, we know in the natural things are processing, let it roll out…
You don't want a half-baked cake, you want it baked till done with icing. That's what's happening… rest and trust.

From the White House yesterday, rural America and small towns got a boost.

Thanks to the Economic Growth, Regulatory Relief, and Consumer Protection Act that President Trump signed into law, community banks and credit unions will be freed of unnecessary regulatory costs and able to direct more lending to small businesses and consumers.

That change is especially crucial for local businesses, many of whom have few other options for credit ...

The Dodd Frank Act was signed by President Trump yesterday at 2pm that now regulates banks in being able to transfer large amounts of money without omitting the little banks and regulating banking fees to the depositors as well as other things that are going to benefit everyone...

You were chosen for such a time as this and we are living in the best days ever.

Can’t you see it all around the nation, where you work, conversations at church fellowships of what God is doing in our nation and across the globe?

I hear the sounds of victory coming. It’s there, remove the doubt now.

HUGS I love you all, you know I do,

Deb

IQD RV Update News (RANT #159)

TNT : NEWS UPDATE, 26 MAY

Tishwash:  Iraq Reopens Iran-Kurdistan Border Gate

The Sartak-Pishta border gate between the Kurdistan Regional Government and Iran was reopened by the Iraqi government on Thursday after more than three months.

“The Sartak border gate was reopened today. Some trucks from here crossed to the side of the Islamic Republic of Iran to bring cargo,” Hussein Ahmad, director of Garmiyan customs, told Rudaw.

Baghdad closed the border crossing on Feb. 10 and KRG has been working to open the gate for more than three months. Sartak-Pishta is located about 220 km southeast of Erbil.
“Today is only the beginning. Cargo will increase on Friday and Saturday, then it will go back to normal,” Ahmad predicted.

He credited efforts of Deputy KRG Prime Minister Qubad Talabani and supervisor of Garmiyan administration Hamid Salar with securing the opening.

“Traders also put pressure on officials to see the route reopened. This is a gate in a very important area with big trade activities. Fortunately, we got the approval of the Iraqi government,” he said.  link

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

Shybaby:  Deutsche Bank Crashes After Profit Warning and Massive Layoffs

Source: Zero Hedge

by Tyler Durden

Thu, 05/24/2018 - 08:05

One day after the WSJ reported that the biggest German bank is set to "decimate" its workforce, firing 10,000 workers or one in ten, this morning Deutsche Bank confirmed plans to cut thousands of jobs as part of new CEO Christian Sewing's restructuring and cost-cutting effort. The German bank said its headcount would fall “well below” 90,000, from just over 97,000. But the biggest gut punch to employee morale is that the bank would reduce headcount in its equities sales and trading business by about 25%.

https://www.zerohedge.com/news/2018-05-24/deutsche-stock-crashes-bank-confirms-massive-layoffs-issues-profit-warning

CURRENCY 365 TIDBIT, 26 MAY

Currency 365:

There will be a deal/partnership agreement between Iraq/Iran.

This agreement will not be a secret agreement but one the world will see.

It must be done to allow Iraq to prosper for a short period.

Got it confirmed this morning. peace

IQD RV Update News (RANT# 158)

DINAR GURUS UPDATE 26 MAY

5-26-2018   Newshound Guru MilitiaMan   Quotes:  "The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community."  "The next phase of currency reform is the conversion from old cash currency to new. "   I am of the opinion that Irag has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs... The ATMs are now and have been in place...The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations.  We also see the political side of things be for Economic reforms and Article 140 being for the citizens to bring out of poverty and share the wealth...!  ... The bigger picture may be in view for all now... It sure is for me.. imo.  [post 2 of 2]

5-26-2018   Newshound Guru MilitiaMan
   Article:  "BANKS AND DINAR RECOVERY The above is imo telling us the process from the Turkmenistan Model...   Quote:  "While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes."   A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too.   [post 1 of 2....stay tuned]

5-26-2018   Newshound Guru chattels   Article:  "Banks and dinar recovery"  Quote:  "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price,..."   The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.

BRMay242018

IQD CHAT, 26 MAY

, 07:21 PM holly    Banks and dinar recovery

26/5/2018 12:00 am  Samir Nusairi   more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him,

which led to convergence of the exchange rate set by the Central Bank with the parallel market price, despite pessimistic forecasts Which traders speculate that the dollar exchange rate will rise during the election and after the results emerge or cause the political circumstances of the US escalation against Iran.
 ...
For the purpose of assigning decisions of the Central Bank and maintaining the recovery of the dinar requires the Iraqi banks and branches of Arab and foreign banks operating in Iraq to go to real banking and activate the financing of small and medium enterprises and provide modern electronic banking products and attract deposits and participate in the establishment of the insurance company deposits and the establishment of the national companies to finance large projects ,

Which contribute to commercial and Islamic banks and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector in accordance with the directives of the Governor of the Central Bank of Iraq last in the periodic meeting The last monthly of banking leaders and emphasis on the stability of the exchange rate and recovery of the Iraqi dinar.

And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity.

The time has come for our banks to move to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the proportion of fin

holly    proportion of financial coverage .

The banking sector should play an important and important role in the development and revitalization of the economic cycle, stressing that the stability of the exchange rate should not make banks afraid of their future in the banking market.

On the contrary, the stability of the exchange rate should be an incentive to improve the banking sector and achieve growth in the national economy and stability in the monetary and financial system. And the trend towards investment and reconstruction. * Economic and banking consultant

chattels    " more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price, .........."

chattels     " more than two months ................. convergence of the exchange rate set by the Central Bank with the parallel market price, .........."

Baxter    Two months down.... One Month to go.... Maybe...??

chattels     The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.

Baxter    Yep...    Totally agree

chattels    Baxter Yes, maybe !
chattels  " The time has come to move it to our banks to exercise the real banking business , ............. And it is the banking sector a key and important role in the development and revitalization of the economic cycle , with an emphasis on the stability of the exchange rate should be does not make banks worried about their future in the banking market on the contrary , must be a stable exchange rate incentive for the advancement of the banking sector and the growth of the national economy and the stability of the monetary and financial system The trend towards investment and reconstruction."

Baxter    I bet Kap just loves that article...

chattels   What other event has been prognosticated by anyone in Dinarland ?

chattels    holly Thanks for posting

dinard    Very good news today it seems

chattels    " ............... must be a stable exchange rate incentive for the advancement of the banking sector and the growth of the national economy and the stability of the monetary and financial system .."

chattels   convergence of the exchange rate set by the Central Bank with the parallel market price equates to a stable exchange rate

foxmulder    chattels the CBI is in charge of all aspects of monotery policy either printing new currency or exch5a rate resd5 their statement

chattels    foxmulder Not sure what you are saying literally or otherwise.

foxmulder    Their official statement states the The CBI is in control of ALL !aspects of monotary policy . Its their official statement of their obligations and rules

chattels     foxmulder How does such relate to anything posted by me ?

foxmulder    Exchange rate and printing of new notes always has been their duty and job

foxmulder    chattels not directed towards you personally Lol

chattels    foxmulder Not taking it personal, just trying to understand the import of your post. :)

foxmulder    Just the fact that the CBI IS IN CONTROL PERIOD !!

foxmulder    People dont get it !!    For heavean sakes how bloody clear does it have to be ??
foxmulder    Screw alk the extra BOVINE SCATOLOGY

chattels     foxmulder There are market forces that the CBI can influence but I do not believe that the CBI " controls " them directly.

foxmulder     If that does not makes sense w hat does
foxmulder     Yes they do i do not concur to that anology ! They may have to follow certain guidlelines for sure . But they have a tremendous impact

foxmulder     Market forces they have no crystal ball
foxmulder     But the basic implementation of currency regulatory impact they do
foxmulder     People make this so complicated they miss the simple basic concepts
foxmulder    The Cbi is our destiny PERIOD !!!

Spectra     immediately leave the total dependence on the window selling foreign currency in its financial activity.

Spectra     foxmulder i agree   why do they make it so complicated

foxmulder    Spectra it is not

Spectra     foxmulder no kidding ..i just agreed
Spectra    foxmulder yes why make up all this other junk ..That is all ive witnessed from the strat..i stick to the basics.

Spectra    Listen to the CBI...ONLY ...

foxmulder    has anyone read the CBI 's official statement

Spectra    foxmulder wich one?

foxmulder    Spectra wish gal !!

foxmulder    wise !! LOL

Spectra    so this last article looks too me like they may just be heading in the direction of ENDING the auctions.....Now that there would be great....

Spectra   That is how i read it...http://www.alsabaah.iq/ArticleShow.aspx?ID=157649

Spectra   http://www.alsabaah.iq/ArticleShow.aspx?ID=157649

foxmulder   Spectra have not been to the site in yrs ! it did say what their obligations were and duties and what they were in charge of

Spectra   foxmulder Yes..and ?

Spectra   foxmulder i do not go to the CBI on a daily basis maybe 1 time a week or less

foxmulder    Spectra of ALL currency and monetary policy

Spectra     foxmulder yes

foxmulder    gee thanks !!!!!!!!! not that hard to understand LOL

Spectra    foxmulder are you talking too me?

Spectra    foxmulder Because im not understanding what you are saying?

foxmulder    tired of seeing all this bull**** about regulations and they have to follow evrything to the ketter of the rules { so cslled } and they have to this and friggen that no they dont

foxmulder    Spectra not you directly why you take offence ?

Spectra   foxmulder ok....well dont tell me Because i am not promoting any of that....

foxmulder    Spectra never SAID YOU DI geezzzzzzzzzzzzzzzz

Spectra   foxmulder ok ..i agree. with you on all the crp people add too this

Spectra    foxmulder i came too say im with you on the same belief now you give me flack....

foxmulder    no kidding ! its never ending 
oxmulder   god bless it all people are so bloody mislead at times it is sickening

Spectra   ;eye roll; ;Thud

foxmulder   Spectra no im not ! giving you flack

Spectra    foxmulder alright then

foxmulder    im speaking in general your miss interpreting

Spectra  foxmulder im over it..no problem

foxmulder    but sinc your the only person interacting at the moment i can see how you would take t that way

Spectra    foxmulder lol


 09:47 PM foxmulder    well all you folks have fun with the elections and all the bloody articles and the float theory and lop theory and all the news spin see ya on the flip side good nite !!!!!!!!!!
IQD CHAT

KTFA UPDATE, 26 MAY

KTFA:

Manaolana3:  So many positive advancements being done in the final steps.

They are in the midst of a full-blown massive campaign, pulling out all the stops; BB outside, PB inside all the financial institutions in/out of Iraq to educate the citizens.

At the final countdown, when all the specifications for a suitable environment are met, it will blow.

When the MOAB (mother of all bombs) detonates. It will reverberate sending shock waves clear across the globe. The whole world will be in awe!

Like a swarm of BZ-Bees, foreign investors, businessmen, the global community, and entrepreneurs alike will descend upon and infiltrate the "New Mecca" of the Middle East, courting the  "prettiest girl in town," the likes that no one has ever witnessed before.

The motto, the theme for a "New Day" with new beginnings will be, "Together, Let's Make Money Again!"
....
************

Samson:  Sudan seeks mechanisms to release 122 billion dinars from frozen bank balances

26th May, 2018

Minister of Industry and Minerals Mohamed Shiaa al-Sudani discussed on Saturday the mechanisms of launching 122 billion dinars of frozen bank balances.

The ministry said in a statement received by "Al-Gharab Press," a copy of it, "The Minister of Labor and Industry Minerals Agency Mohamed Shiaa Sudanese chaired a meeting to discuss the mechanisms of the release of bank assets frozen (suspended) at banks since 9/4/2003, amounting to (122) billion dinars and belonging to public companies Of the Ministry in accordance with the regulations and regulations in force. "

She added that "the subject of banking facilities provided by banks before the year of (21) billion dinars with interest, in addition to the share of the public treasury of the profits of companies for previous years."   LINK

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Samson:  Fatah and virtue seek to speed up the formation of the government

 26th May, 2018

The Virtue Party and Al-Fath Alliance, Saturday, 26 May 2018, the formation of the next federal government as soon as possible and abide by the deadlines and constitutional ceilings for the completion of election entitlements.

The Party of Virtue in a statement followed by the obelisk, said that the delegation of the party and during his rounds of Ramadan met with the leader of the Fatah alliance Hadi al-Amiri and a number of leaders of the coalition, and during the meeting addressed a number of topics that are the focus of the Iraqi street, where the parties stressed the need to form a government as soon as possible And adherence to deadlines and constitutional ceilings for the completion of electoral benefits, and the adoption of legal ways and means in dealing with appeals related to the electoral process.

The meeting also stressed, according to the statement, to invite all parties winning in the elections to participate in the dialogues because these parties represent the voters who put their trust in them.   LINK

************
Samson:  US in ‘Wait and See’ Position After Iraq Election

 25th May, 2018

The victory of Shiite cleric Moqtada al-Sadr’s party in Iraq’s recent election has put the United States in a wait-and-see position, Defense Secretary James N. Mattis told reporters yesterday in Colorado Springs, Colorado.

The secretary was in Colorado to preside at the change-of-command ceremony for North American Aerospace Defense Command and U.S. Northern Command.

“History tells us that all wars eventually end, and the decisions you take following a war — comparing the United States leadership after World War II, versus what came out of Versailles after World War I — can set the conditions for the future,” the secretary said, adding that in this case, the United States must first see who is going to be the prime minister, because no party or coalition won enough to govern Iraq on its own.

After World War II

“First, all wars eventually come to an end. By 1948, ’49, after the vicious World War II, the Pacific Island Campaign was as vicious a fighting between two nations that’s ever been in history,” Mattis said. “We all know what Germany did during World War II with death camps [and] with invasions across Europe.”

And yet, by 1948 and 1949, he said, “we were standing up NATO to defend Western Europe, and we were working with Germany.”

“The Marshall Plan was underway,” Mattis said. “We were [also] working with Japan.” Germany and Japan now are U.S. treaty allies, he noted.

Mattis pointed out that despite the rout of the Islamic State of Iraq and Syria, some terrorists remain in Iraq. “But it was interesting, wasn’t it, that in the midst of everything going on next door in Syria, having recently destroyed the ISIS strongholds in Iraq – they are still isolated cells of them, of course,” the secretary said.

A Responsive Government

The secretary reiterated the United States will have to see whether the new Iraqi leaders form a responsive government.

Mattis noted the Marshall Plan was met with initial skepticism.

“People in 1944 were told basically in five years we’ll be serving alongside German troops and sending locomotives and railroad tracks to Germany,” he said. “We would have laughed in your face, said that’s not going to happen; this is a war to the death. Damn near lost.” But that’s exactly what we did, he noted.

“So wars rub the veneer off all of us and leave the passions really exposed, and now it’s time for strategic thinking, for looking to the future, and determining how the Iraqi people can dictate their future,” the secretary said, “not external threats from Iran, not money from Iran, not internal threats from ISIS or other terrorists.

“This is between our two governments, and we’ll see what government they end up with,” Mattis said. “So we’ll play that forward. It’s too early to tell.”    LINK

JESTER UPDATE, 26 MAY



[Patience] I SAW THIS TODAY AND THOUGHT IT MAY BE OF INTEREST

President Trump on Thursday signed a bipartisan bill to loosen key portions of the Dodd-Frank Act of 2010, cementing the first major changes to President Obama’s landmark banking law.

Trump enacted the legislation during a White House ceremony two days after the House of Representatives passed the bill to exempt dozens of banks from strict federal regulation.

Trump had pledged to “dismantle” Dodd-Frank, a law long targeted by Republicans, and touted the bill he signed as the first step in that process. While the bill will release dozens of banks from stronger Federal Reserve oversight, it falls well short of the president’s vow to repeal and replace Dodd-Frank.

“We’ve kept a lot of promises,” Trump said. “This is truly a great day for Americans, and a great day for workers and small businesses across the nation.”

​The bill signed by Trump was the product of years of bipartisan negotiations between Republican senators opposed to the entire law and moderate Democrats concerned about its impact on community banks and credit unions.

The narrow GOP majority in the Senate made it impossible to pass a Dodd-Frank rollback without the support of moderate Democrats. The legislation was introduced in November by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and a group of moderate Democrats on the panel, including Sens. Heidi Heitkamp (N.D.), Jon Tester (Mont.), Joe Donnelly (Ind.) and Mark Warner (Va.).

Trump on Thursday praised “a lot of great Democrats” who had written the bill, but did not invite most of its Democratic authors to the signing ceremony. Trump only invited Heitkamp to the event, snubbing Tester, Donnelly and Warner.

A Donnelly aide said his office "was told by the White House he would not be receiving an invitation due to space constraints.” Even so, the event was attended by close to two dozen lawmakers and administration officials, some of which had little to do with the legislation signed by Trump

Trump was also joined by Vice President Mike Pence , Crapo, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Treasury Secretary Steven Mnuchin The president was also flanked by several Republican members of the Senate Banking and House Financial Services panels, along with GOP lawmakers that had little input on the bill Trump signed.

Sen. Steve Daines (R-Mont.) was in attendance for the ceremony, despite not being on the Banking committee or a co-sponsor of the legislation. Tester aides saw Daines' invitation as a move motivated by politics, snubbing the Democrat who had spent years crafting the bill. A spokeswoman for Daines said "Since he was elected into the House, Daines has been consistently working on the repeal of the disastrous Dodd-Frank legislation," and pointed to his votes and speeches in support of the bill Trump signed Thursday.

The final compromise leaves most of Dodd-Frank in place, but provides a major boost for some of the largest U.S. banks. The measure releases of regional banks from tighter regulation by raising the threshold for closer Fed oversight from $50 billion to $250 billion in assets. Banks below the new threshold will no longer be automatically subject to annual Fed stress tests and capital buffers meant to protect large firms are from severe financial crises.

Those banks are also no longer required to from submit for Fed approval a “living will” that outlines how a bank’s assets could be liquidated upon the firm’s failure without causing a widespread meltdown. The bill includes several provisions to scrap rules for community banks and credit unions. Firms that hold 500 or fewer mortgages a year will no longer have to report some home loan data to federal regulators under anti-discrimination laws.

The bill also broadens the definition of qualified mortgages for smaller firms and exempts banks and credit unions with less than $10 billion in assets from the Volcker Rule, which bans firms from making risky bets with their own assets. Trump said the rollbacks would help community banks and credit unions become “vibrant and strong,” insisting years of overregulation had suffocated small firms.

“They shouldn’t be regulated the same way as big complex financial institutions,” Trump said. “This is all about the Dodd-Frank disaster.” Bank and credit union lobbying groups praised Trump for enacting the regulatory relief they’ve sought for years. Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America, said the law “unravels many of the suffocating regulatory burdens our nation’s community banks face and puts community banks in a much better position to unleash their full economic potential.”

http://thehill.com/policy/finance/389212-trump-signs-dodd-frank-rollback

[Patience] END

[Vigilance] Patience thanks

[Patience] PLEASE READ THIS SEVERAL TIMES AND LET IT THE IMPORTANCE OF IT SINK IN

[Patience] WHEN YOU LIKE TO KNOW WHATS NEW, THIS IS

[caro] Patience yes this is very big and important, listened all day talk about it

[MarySunshine] Patience Thank you for posting that...... wow

[Patience] YOU ARE WELCOME AND LIKE I SAID, THIS IS BIG NEWS, ACTUALLY HUGE LOL

[odessa] Patience Thank you so much!

[diditrvyeet] Patience thanks for sure

[truth] Trump is keeping the promises to America

[MarySunshine] Patience Jester said the banks needed to be safe before what we are waiting for would occur

[Patience] YES

[truth] As we are waking up and being grateful we are seeing more good take place.

[MarySunshine] truth What an interesting education...
.
[truth] MarySunshine so true. Quite an investment in ourselves, wow

[MarySunshine] truth We have an understanding of history ... as it's happening....

[caro] MarySunshine I feel very privileged to have had this opportunity, have learned so much

[Patience] I THINK TRUMP FOLLOWS THIS FOR SURE..

TNT CC NOTES, 26 MAY

TNT Call notes 25-May-2018 Replay: 641.715.0623, PIN CODE 409029# AUDIO REPLAY LINK 


Note: This is a new conference call system, so please do NOT use the Q+A line unless you actually have a question. Otherwise, use the listen-only lines or the internet link; both are on the website under Call Info. For internet replay, click the original call link after the call has finished, and it should automatically load the replay. 


RayRen: Good afternoon, TNT super-fantastic family! This is Fantabulous Friday, May 25, 2018, with yours truly RayRat98 here. It’s been quiet from a public standpoint. 


Tony: Gooood morning, TNT! It’s a great day. I always have a great day because I always have an eye to the future. It will be a superfantastic call, I know that for sure. That music is about being a winner, and that’s the mentality we need to have here. 


Everyone needs to listen to the words coming out of my mouth. 


After the last call, there was another call telling everyone that TNT was backtracking, and saying that it would 90 days and such. THAT IS NOT WHAT WE SAID. Some people either hear what they want to hear, or they make shoot up to spread across the internet. Why do you even listen to those calls? Why do you put yourself through that? 


What I actually said was that the window was between Wednesday and the end of this month. I might take 90 days to form the government; it might be shorter. I just wanted to get that out of the way.


RayRen: We didn’t have any updates since the last call. 


Tony: It’s been a good week, although they still didn’t formally name the next PM in Iraq. We did get a lot of “Sadr and Abadi agree…” articles. We did get the nine conditions that Sadr wants to see met, and other conditions from other groups. They are all basically saying the same things: they want an honest government that does away with the corruption and theft, and that releases Iranian influence. Some also want the US out of Iraq, and that might take a little longer. 


But all they want is a government that is not based on religion, status, or the influence of other countries. The US delegation met with the government of Iraq, and our people said that we will work with whatever government Iraq installs. Iran is saying something similar; however, Iran opposes Sadr and supports Maliki and Amir; Iran is trying to change the numbers so that Maliki can still get in. Sadr doesn’t like that, but he will work with other countries once the government is in place. 


There is a Memorandum of Understanding with one of the major group saying they will work with Abadi and Sadr if they meet their nine conditions. Sadr will speak with religious leaders over the weekend, and after that they will announce Abadi staying as PM. So that will be next week. Sadr and Abadi seem to be in agreement. One of the conditions is to do away with the corruption, and another is to continue with the reforms, including monetary reform. 


My information suggests they have already made an agreement, including a date and time the RV will happen. That makes sense to me. My window, that I got three weeks ago, is the 26-31. May. The other window expects something to happen 28-31. These come from different institutions and different levels.


At no time did I say this will take 90 days for the RV to arrive. The ATMs need to be activated, and my guy today said, “We see signs of what is coming”, but not a specific date or time. They are giving him additional training in the Green Zone. In other regions, they say it is a bit more advanced, but it’s still within this window. That’s what they are preparing for, right now, based on what’s going on in Iraq. 


RayRen: In the last call, we spoke about possible sanctions in Iran, and that it might affect rials being in the first basket. Have you received any further information on that? 


Tony: I haven’t heard anything specific. The sanctions are being reapplied, and we just don’t know if that will affect the rials going in the first basket or not. 


RayRen: Anything else on the lower denominations? 


Tony: There seems to be some movement, but we really don’t know when they will be activated. 


Questions from the TNT forum 


Q: Do you believe Abadi and Sadar agreed to let Sadr take credit for announcing the RV, in exchange for him putting his support behind Abadi to remain PM?


A: Some people are saying the RV has been announced by Sadr to some people yesterday. The article suggests that Sadr is forcing it to be done soon, because that is his biggest issue at the moment. He has to tell the other groups what their plan is going to be, and Abadi has to move the RV along if he wants Sadr’s points. If not, they will come back and challenge the new government. 


Q: Can you please tell us what the projections are for the Dong? I know it is currently at .47.. 


A: It’s been 47 cents for a long time; my sources project twice that rate. 


Q: I was wondering if any information was forthcoming regarding State tax in the US and Provincial tax in Canada and whether it would be exempt as well as federal tax. 


A: We have already been over this, including on the last call. Most states with income tax base it on your federal income tax returns. If this doesn’t create n income tax event at the federal level, then it is very unlikely to invoke state taxes. 


Check with your state tax department. As for Canada, ask your tax professional. One of our members on the board is Canadian; he has already exchanged, and he was not taxed. People who have already exchanged in the US have paid no tax on the exchange. So… either set aside 50% just in case, or, when you exchange, ask the bank to provide documentation. 


Q: Will there be a call on Monday, Memorial Day? 


A: No. 


Q: I don’t trust banks and would like to keep all my money and gold in my own vault, is there a way I can get the bank to eventually give me all my money in cash? 


A: No. 


Q: I am a widow and live in a small cow town. I will need to travel approximately 75 miles to a larger town to do my exchange. A fellow investor said I should take a male with me for the ride and for safety measures when I return home. What do you think? 


A: I think you are overly concerned. Who will even know that you have currency or when/where you are exchanging unless you tell them? Even if you take out $7,000 at the exchange appointment, how will anyone will know you have that on you unless you tell them? If it makes you more comfortable to take someone on that drive, then do that. But it’s really not that important to have someone to protect you, especially if you don’t’ actually need that $7,000 in cash on that first day. Your debit card is a much better tool to have in your pocket. Why add to your stress by carrying around cash? Debit cards have limits, but you can ask for that to be raised temporarily or permanently based on how much you have in your account. 


Q: Does the Real ID Act 2005 that is being implemented affect CA driver licenses and IDs for the exchange? 


A: No. Everyone should check their own state regulations, but it shouldn’t affect your exchange, although it might affect interstate travel on the airlines. For most of us, a driver’s license, passport, and photo credit cards should do. Passports are the best ID of all. 


Live questions 


865/404 caller: Some say Sadr announced the RV yesterday – is that rumor, or has it been verified by your sources. 


Tony: I got it from one source with five confirmations, and it is out there somewhere else. One of my people did say that we will see movement within the window I mentioned. 


Caller: would that be effective immediately? Or on a certain date? 


Tony: They talked about making an international announcement, within the window. I think we’ll hear it from the CBI. 


Caller: Will Massoum continue as President? 


Tony: Bassani seems to think they will get the office of President. Sadr wants the three Presidents to be appointed by a different calculation, to make sure it’s inclusive, and to give the three vice presidents different powers than before (to eliminate Iranian influence). 


Caller: Anything from the mosques? 


Tony: They are broadcasting everything on television, rather than in the mosques. 


951 caller: You mentioned that dong might be over a dollar. Can you give me a number? 


Tony: I’ll just leave it at that; it’s on the screens and it’s an exciting number. 


Caller: In-country rates for the dinar – what is that in Iraq right now? 


Tony: It hasn’t changed yet; it’s still 1180 or whatever it’s been. Neither rates nor prices have changed yet. 


732 caller: I was surprised to hear that trump is going to Iraq to make an announcement on June 15?


Tony: I don’t know he’ going there, just that he’d be making an announcement about Iraq. June 15th is the end of Ramadan, I believe. 


281 caller: Some bank displays/billbaords are up – is that all over Iraq? 


Tony: I don’t know if they are up in all over the country yet. 


631 caller: Do you think this is our weekend? Tony: Somewhere in there, by the end of the month. 509 caller: The other day, you said that Iraqis didn’t get paid on their Qi cards… 


Tony: They were given 24 hours to pay their people or accept the consequences. However, there now have been articles saying that people did get paid. 


Caller: Did they set a new time for the announcement of the election results? 


Tony: No. They did talk about the meetings they’ve had, and Sadr is meeting the religious leaders. The vote hasn’t been officially ratified yet. I think there is a reason we haven’t seen that yet, and I think we will get it before the end of the month, and then things will really take off. 


Caller: Which of the nine points is of the most interest to you? 


Tony: They don’t mention the RV as such. The points are really about changing the culture of Iraq. Also, Sadr wants to pay every citizen from the oil money, and those who have been stealing the money are upset about that. They cannot make the changes they agree on unless and until they remove the corrupt ones. Sadr is putting pressure on Abadi to arrest the ones he knows are corrupt. Also, they want to give jobs to the young. 


Caller: Can’t the CBI announce this any time? Or are they waiting on Abadi to be PM? 


Tony: The CBI is not happy with the instability of this election and especially Iranian influence. Once the election results have been ratified, then they may be happier. 


407 caller: Protect Your Principal – high interest rates mean higher risk, right? 


RayRen: What I am focused on is not spending the principal – only spend the income you are making. I have heard of a 10% CD, which will be higher returns with almost no risk. More investment opportunities will open up for us – we are not the average person. However, the average currency holder will be receiving under half a million, and that person needs to be careful of every penny. Once you get your money working for you, then you can spend differently. As for specific investment vehicles, every person has their own risk-reward tolerance. As we share information, these things will surface. 


Tony: 400K feels like a lot if you’re not used to it, but it can disappear in days if you’re not careful. Even a million dollars is not enough to make you set for life, unless you are smart and use it to make more money. 


Caller: I am building my project list according to what I actually want, but I also want to use the tools in the most efficient way for asset protection and to avoid taxes. Is it better to set up an umbrella foundation, and then a foundation for each projection? If we fund the foundation or trust directly, that is not taxable, but I understand that transferring funds from one trust to another may create a tax event. Any suggestions for a newbie? 


Tony: Learn what the tools can do before you start to use them. We don’t need to be in a rush to do anything unless you are going for contract rates. Learn the tools, put a plan together, and then execute it. Don’t jump in because you may create a situation that you then have to back out. Understand WHAT each tool does, and then you can start using them more flexibility, once you understand all that a specific tool can offer you. That might take a few months, to understand the tools and strategies to use them. Be cautious in spending your money; education is always worth spending money one, because you will learn extra ways to use these tools. And feel comfortable comparison shopping and competition between banks and investment houses. 


312 caller: [chit-chat] 


817 caller: You mentioned that the dong rate might have gone up; any change in rupiah? Any news at the call centers and exchange centers? 


Tony: I didn’t talk to my gal about that; she just told me the dong and dinar had both gone up, in part because oil is now at $80. Dinar is $4 and change. As for exchange centers, they are training a whole new group of people. Nothing new on the NDA. 


Caller: Is the RV the culmination of the economic reform, or is there more afterwards? 


RayRen: As well as the RV, economic reforms includes rebuilding and reconstruction of Iraq, and Sadr is also suggesting that they pay people out of their oil revenues as well as creating jobs and reforming the banking system. 


Caller: Anything more on 10% CDs? 


Tony: I don’t know yet; as soon as I know, you will know. 


843 caller: As for cash when you exchange, I want cash because I don’t trust the bank not to screw with people, that they might find some excuse not to give me my money. 


Tony: So you will exchange for a million dollars, and as long as they give you $7,000 cash, you will be okay? Is that what you’re saying? 


Caller: At least I will have some cash to fight them if necessary. 


Tony: Trump rolled back the Dodd-Frank Act and the protections President Obama put in place after 2008, so things are only likely to get worse. Banks: can’t live with them, can’t live without them. 

423 caller: Contract rates for the Zim depending on humanitarian projects? 


Tony: You would have to get your project or plan approved by the bank and by someone in Zimbabwe, and that would not be happening in your first exchange appointment. 


Caller: What about the contract rate with China? 

Tony: The US made an agreement with China for China to buy your dinar at the higher rate. Are you in a group? As an individual, you can get the contract rate from the US Treasury, if you ask for it and sign the NDA.


Closing Statement 


Tony: All I can tell you is that there is a window currently open between now and the end of the month. Agreements are being made in meetings in Iraq. They do have a plan; we just can’t see it until the voting has been ratified. We are still waiting for the process to begin. When the agreements are in place, then they can produce something tangible, something that shows this is actually going to happen. It’s a holiday weekend, so unless something happens, we’ll talk to you next Tuesday. 


RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA