,
DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, June 2, 2018

KTFA: NEWS ABOUT IRAQ, 2 JUNE

KTFA:

DLR:  Rich people have small TVs and big libraries,and poor people have small libraries and big TVs - Zig Ziglar

Chermtg:  i love that word implementation and i also love the immèdiate, now come on boys put the two together and do it....cant blame a girl for trying.. (big smile)

**********

Don961:  Iraq parl't adjourns extraordinary session until Wednesday

June 02 2018 03:01 PM

Iraqi parliament
 
Iraqi parliament on Saturday adjourned its extraordinary session until Wednesday.

The Saturday session was due to discuss amendments to the election law. 

MP Riad Ghali said that no more than 30 MPs attended Saturday's session.    link
  
Jay:  All imo.  Blessings Don and hello.  The 30 that showed up were all or some of the corrupt ones who want these amendment(s) done. All those that didn't show either don't care, have stopped their corrupt ways or they were/are not corrupt to begin with.  This  is very very good. I think that Wednesday's meeting will have the same results.   In other words quit your crying cupcake. Be gone or be in prison. Soap on a rope anyone???

2Cents:  Hahahaha Jabouri............YOU LOST!!!!..........Accept it!!!!!.......You are out of here!!!!   Get ready for the corruption files.....

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

Don961:  Shadow Economy

02/6/2018 5:02 PM 

Thamer Hymes 

According to statistics and studies, the share of the shadow economy worldwide, according to the statistics and studies, is 5 percent of the international GDP according to a US State Department report. The parallel economy is generally defined as a national or local product that is not under the state's umbrella such as craftsmanship and simple work. . 

Elements of a shadow or shadow economy include all activities that escape from the tax authority, ranging from money laundering to drugs through spraying, black market, gray or other illegal activities. 

In developing countries, the proportion of the shadow economy in the national product is higher than that of developed countries. Paradoxically, America ranks first in the parallel economy, which may be due to the uneven income of Americans. 

For example, customs duties and taxes are estimated at $ 3 billion and the equivalent of $ 3 billion is not met. This amount, at least according to Iraqi economists, is enough to serve the public debt, which is a cornerstone of the economy. We have no customs and non-tariff exemptions in this resource, which have been established for certain reasons but do not serve the economic process. 

The exemptions are not legally valid, according to most constitutions, because they do not directly serve the national economy, especially at a critical stage. Thus, exceptions are exempted unless the parallel economy is brought to an end because it expands in a way that leads to legal and administrative complications. The economic scene and intersect with the golden rule of the centrality of tax and customs, which is in the state treasury to change them. Such illegal money requires gradual remedies and comprehensive education, to embarrass the beneficiaries of illegal exemptions or to embarrass the evaders and expose their interlocutors. 

We hope that the emerging economists of the parliament will put the matter in the list of priorities and legislations, because the danger of the shadow economy is like the danger of arms outside the control of the state. Therefore, the intersection between the central administration and decentralization should be dismantled and the work of the regulatory bodies should be dismantled so that administrations can adjust their inputs and outputs and programs, Diverse and parallel authorities that are not integrated with the formal economy, thus contributing to putting an end to this bleeding in order to promote the inviolability of public funds.    link

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

Don961:  Iraq maintains its status of gold reserves

02/6/2018 5:02 PM 

Capitals / follow-up morning 

States have huge gold reserves to use when necessary and to support the value of their currency, especially if they want to print more money and pump it into local markets. 

Gold reserves contribute to currency appreciation and protection from collapse. 

Saudi Arabia ranked first in the Arab countries and ranked 16th in the world, in possession of gold, during the current May, with reserves of 322.9 tons, 2.7 percent of the total reserves, according to the latest report of the World Gold Council, while Lebanon ranked second in the Arab world and 19 globally, With reserves amounting to 286.8 tons, representing 21.6 percent of the total global reserves. 

Algeria ranked third in the Arab world and 24 in the world, with reserves of 173.6 tons, 7 percent, Libya ranked fourth in the Arab world and 31 in the world, with reserves of 116.6 tons, 6.3 percent. 

Iraq ranked fifth in the world and ranked 37th in the world with reserves of 89.8 tons, 7.8%, followed by Kuwait, which ranked sixth in the Arab world and 39 in the world, with reserves of 79 tons, 8.7%, Egypt is the seventh Arab and 40 global, percent. 

In May, Russia advanced to China, the world's second-largest economy, with gold reserves. Its annual reserves rose by 210 tons of gold, up 0.7 percent from the same month last year. 

The report showed that Russia ranked sixth in the world in 2018, the size of reserves reached 1890.8 tons, accounting for 17.6 percent of the total reserves, while China came in seventh place with reserves of 1842.6 tons, accounting for 2.4 percent of the total reserves.

The United States ranked first with reserves of 8133.5 tons, 75 percent of the total reserves, followed by Germany with a total reserves of 3372.2 tonnes, or 70.3 percent. 

The International Monetary Fund came third with reserves of 2,814 tons, Italy came in fourth place with reserves amounted to 2451.8 tons, or 67.8 percent. 

France came in fifth with 2,436 tonnes, 63.4 percent, followed by Russia and China in sixth and seventh respectively. 

On a year-on-year basis, the United States also ranked first in May 2017 with reserves of 8133.5 tons, 75.1 percent. Germany came second with 3377.9 percent, 69.4 percent, and the International Monetary Fund with 2,814 tonnes. 

Italy ranked fourth with reserves of 2451.8 tons, or 68.3 percent, followed by France with 2,435.9 tonnes, or 64.2 percent. 

China came in sixth place with reserves of 1842.6, 2.4 percent, and Russia seventh with 1680.1 percent, 16.9 percent.   link

Reasons behind the Current Rise in Iraqi Dinar Exchange Rate against U.S Dollar, 2 JUNE

The Iraqi dinar exchange rate rose against the U.S dollar exchange rate at least 2 weeks ago. The current price of Iraqi dinar against the U.S dollar in the banking offices is 122000 Iraqi dinars per 100 U.S dollars. The previous price was near to 125000 Iraqi dinars per 100 U.S dollars. This sudden change raised various questions. Some experts believe that the major reason might be the Iraqi Central Bank has set the sale price 1190 Iraqi dinars per U.S dollar for transferring amounts to the banks accounts abroad. 

It clearly indicates that Black market is too far from the official exchange rate set by the CBI at 1190 Iraqi dinars per U.S dollar. So, there is obviously a clear difference of 3000 Iraqi dinars per 100 U.S dollars as compared to the official exchanged rate controlled by the Iraqi Central Bank for banking companies and financial institutions dealing with the U.S dollars.

Point to be noted that there are several prices in the Iraqi domestic market. Experts believe that current increase in the exchange rate of Iraqi dinar against U.S dollar in the black market is due to a number of reasons. Some believe that decline in the prices of U.S dollar is linked to a decrease in the gold markets globally. 

Second reason might be more than 10 days of annual holidays in China and logical stoppage of the issuance of payment transferring & documentary credits due to holidays. Third supposed reason may be a significant amount of increase of sales from the Central Bank of Iraq in order to cover some government contracts and agreements. Some economic and financial experts have indicated that an increase in the sales of crude oil and increased prices have provided a significant amount of help in increasing the revenues of U.S dollars. It is important that the Central Bank of Iraq has increased its daily sales of U.S dollars to support Iraqi dinar currency.

RV/INTELLIGENCE ALERT - June 2, 2018

(Disclaimer: The following is an overview of the current situation based on rumors/leaks from several sources which may or may not be truthful or accurate.)

Another Cabal underground facility was located near Dublin, Ireland.

Shadow Super Exopolitical Intel Report -- June 2, 2018

A meeting was scheduled last night between two Alliance members, one was POTUS.

Both parties were to consent to begin the RV release.

According to other sources, the consent was given and transactions have started in Hong Kong.

Hong Kong's first, then Zurich, then Calgary and Reno.

The toll-free 800 numbers will be released by the time transactions reach Reno.

No further information at this time.


Operation Disclosure

TNT: Fri. PM TNT News Articles/Links, 2 JUNE

Tishwash:
Sadr reveals the fact that he met with Trump envoy in Kuwait on the formation of the government


Baghdad today - Najaf The leader of the Sadr movement, Moqtada al-Sadr, on Thursday, the fact of meeting with Trump envoy to Iraq, Brit McGuck, during his recent visit to Kuwait, in Kuwait, on the formation of the government.

A person named Ali Hussain said: "There are rumors that the visit to Kuwait was aimed at forming the Iraqi government, where some promote the occurrence of a meeting with the US envoy overseeing the formation of the largest bloc, and Saudi intervention, and everyone knows your position of occupation, Neighboring countries, is it clear? ".

"Kuwait is a moderate country and its Emir is the prince of peace and moderation, and it would be good if all of them would turn their backs and solve our problems with brotherly dialogue exclusively," Sadr said link

Kuwait shows "disappointment" with Iraq

Follow-up / Sky Press

Kuwait expressed its disappointment at the lack of progress on the issue of missing persons in Iraq, expressing its aspiration for further efforts and a new and innovative approach in dealing with the obligations owed to it.

Kuwait's Permanent Representative to the United Nations Ambassador Mansour Al-Otaibi stressed during the UN Security Council session on the importance of continuing international support and support for Iraq in the coming period so that it can address the security, political, economic and humanitarian conditions and challenges facing it. Security, stability and reconstruction, after the liberation of the entire Iraqi territory from the grip of the organization «Dahesh».​

In this context, Al-Otaibi referred to Kuwait's efforts to mitigate the consequences of these challenges, in recognition of the magnitude of the tragedy suffered by the Iraqi people. "All this leads us to optimism about the future of Iraq and its security and stability, as it is an integral part of the security and stability of the State of Kuwait, and even the countries of the region as a whole."

With regard to international obligations and humanitarian issues relating to the file of missing Kuwaitis, Kuwaiti nationals and Kuwaiti property in Iraq, Al-Otaibi stressed that follow-up to the commitments in this regard continues through the international reports of the Secretary-General of the United Nations and the ongoing briefings of his Special Representative in Iraq under paragraph 4 of resolution Security Council Resolution 2107 of 2013.

For the missing, Al-Otaibi reiterated his disappointment with the Secretary-General's lack of progress on the matter despite the efforts made at the field level to excavate and collect information in order to identify the potential sites of the graves and the lack of evidence or information to date. National Archives of Kuwait.

"We must emphasize the importance of these issues, their sensitivity and their role in supporting, promoting and building confidence between Kuwait and Iraq," he added.

Al-Otaibi expressed his aspiration for further efforts and a new and innovative approach in dealing with those obligations owed to the State of Kuwait to achieve the desired results within the framework of the Tripartite Commission and its technical committee under the chairmanship of the International Committee of the Red Cross. link

Harambe:
CNBC: Oil prices fall amid US supply growth and OPEC uncertainty
https://www.cnbc.com/2018/05/31/oil-markets-after-recent-losses-in-us-​crude-record-output-weighs.html

GreatlyBlessed:
Here's where the jobs are — in one chart.....
https://www.cnbc.com/2018/06/01/heres-where-the-jobs-are--in-one-chart​.html

Iraqi Dinar Deletion of Zeros, 2 JUNE

The Central bank of Iraq is taking steps to control inflation and strengthen the currency. For this purpose,  different methods are being applied by the Central Bank of Iraq. These steps are the combination of modern and traditional techniques. To control the inflation and strengthen the currency, deletion of zeroes from currency is one of the most famous techniques that are being applied.
The economists are expecting this change in the Iraqi currency since 2003. Now this issue is on the peak as the Central Bank of Iraq has announced to implement this strategy to control the inflation in the country. The economists all over the world have divided into the two parts of this strategy. Some of the economists are considering that it is against the economy of Iraq and some economists considers it as favorable for the country. The economists who are against this strategy are of the view that this strategy will prove just like shocking news for the market of Iraq.
The project was announced in 2003, but it could not be implemented because the number of fears and questions that are required clarification. Security is one of the most important issues while implementing this strategy. According to experts, there will be no restrictions on the foreign goods in the market, and this will harm the economy worse. The market will be filled with counterfeited currency notes, and it will be an open source of corruption on the large scale.
The economists who are in the favor of deleting the zeroes from currency are of the view that this strategy will positively impact the economy of Iraq, and it will help to reduce the inflation by strengthening the Iraqi Dinar. According to them the strategy will also help to reduce the unemployment rate in the country. By implementing this strategy, Iraq will be able to produce employment opportunities in the country which will help Iraq to reduce the crime rate. The Iraqi parliamentarians are also taking part in the discussion of this issue.


According to the finance committee members, the 2014 will see the new notes of Iraqi currency and it is necessary for the economic development of the country. According to the central Bank of Iraq, three zeroes will be deleted from the currency that means if you have 1000 Iraqi dinars; it will be converted into 1 Iraqi dinar after the completion of the deletion process. The people who have invested in the currency of Iraq are considering it just like golden opportunities for them. The investors are of the view that the value of Iraqi dinar will enhance three hundred times after the deletion process and they will cash the time. Contrary to them, some people are of the view that the deletion process will not prove beneficial for the investors as it will not enhance the value of currency at all, and it will be just a revaluation process which will be beneficial only for printing companies.

Indonesia`s economy in stronger position to face external shocks | IQD D...

IRAQI DINAR & DONG VIETNAM UPDATE, 2 JUNE

We’re getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don’t expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they’ll happen at the same time as the transition to Article VIII.
****
The Central Bank announces that all banks will be required to replace the damaged currency and threaten the violators The Central Bank of Iraq, on Thursday, the need to commit all banks to replace the damaged currency without commissions. The bank said in a statement received by Mawazine News that “the banks approved all compliance obligation issued by the Department of Issuance and Safes in 2017, which includes replacing the damaged currency without the payment of commissions in return for that.” He added that “non-compliance will be borne by the bank violating all the legal consequences in accordance with Article 63 of the Central Bank Law No. 56 of 2004 amending.” He called on the banks to “provide him with the disclosure of the damaged amounts replaced by them and received from the public until 31 May,” stressing that the answer “must be received within 3 days of the date of writing.”
****

HDBank promotion offers deposit interest rate of 7.6%
HDBank has relaunched its Bach nien phat tai (100 years of prosperity) programme offering extra interest to several categories of depositors.
The bank will offer extra interest of up to 0.7 percentage points to customers depositing for six months or 13 months and having a minimum balance of VNĐ500,000 (US$22) in their current account.

Besides, the interest rate will also be commensurate with depositors’ ages and deposit amounts.
The maximum interest a depositor can hope to get under the programme is 7.6 per cent.
This is the third installment of the programme, which will run until the end of June.
After two earlier instalments of the promotion this year, HDB had more than 8,600 existing customers renewing their saving accounts and attracted around 20,900 first-time depositors. — VNS

IQD RV Update News (RANT # 166)

KTFA UPDATED, 2 JUNE

KTFA:

2Cents:  Articles are now saying court decision expected in 48 hours........Let's hope it is what we want.....

Samson:  Banks and their structural development

 2nd June, 2018 by Samir Nusairi

The official financial indicators of the activities of the Iraqi banking sector for the past five years indicate developments and expansions in the Iraqi banking sector. The rates of development in total capital increased by 98%, total assets by 16%, total deposits by 154% (77%). However, what is important in the developments is what the banks have achieved over the last two years of structural, structural and technical developments in light of the strategy of the Central Bank of Iraq for the years 2016-2020 and strict compliance with international standards of compliance rules and regulations.

Payment systems and electronic payment techniques and increase the financial coverage to 22% after 11%, which led to the reclassification of banks by the Central Bank locally and procedures are continuing for the purpose of classification by international rating companies.: -

I. Commitment and action in accordance with the regulations issued by the Central Bank of Iraq regarding the combating of money laundering and terrorism financing derived from FATF recommendations and in light of the principles derived from the Anti-Money Laundering Law No. 39 of 2015

II. Compliance with regulatory directives developed by the Central Bank in cooperation with the International Fund's Metac Center and making them conform to international standards and Basel II requirements

Third: The transition in the preparation of final and interim statements to international standards (IFRS),which ensures transparency of data and dealing with it by all parties responsible for financial reporting

Fourthly, to encourage and stimulate the processes of financial inclusion and try to increase its proportion in Iraq through the adoption of a project to settle salaries, a step to reduce the use of cash and the direction of growth of the non-monetary society

V. Work on the implementation of the plans of the Central Bank to revitalize the economic cycle and achieve economic stability and increase bank financing granted to small and medium enterprises

Sixth: The use of all methods and procedures required to be approved to verify the sources of funds of applicants for the purchase of foreign currency for the purpose of preserving the foreign currency of the detrimental behavior of the national economy
VII. Take the necessary measures to adopt risk criteria and adopt a precautionary policy to contribute to risk perception and thus take appropriate measures to address any risk

Eighth - Adopting the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally

IX - Contribution to the establishment of a deposit guarantee company to maintain the insurance of customers' deposits in circumstances that expose banks to financial collapses, which is a state of reassurance of customers to go to deal with the banking system

X. Commit and act in accordance with the policies and procedures set forth in the Governance Guide, which provides for transparency, disclosure and separation of management from ownership

Certainly, the banks' commitment to the above criteria will inevitably lead to
Holding banking partnerships between the regional and foreign banks and the Iraqi banks classified as A or excellent according to the special classification criteria adopted in the light of assessments of the Central Bank of Iraq and cooperation with banks classified internationally in the areas of international banking and adoption as correspondent banks in Iraq

In the Iraqi banks internationally in accordance with the standards of the Financial Action Group and its positive impact on the improvement of the reputation of our national economy in the global circles     LINK

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

Samson:  Iraq's ratification of the International Labor Convention is a great gain for human rights
 2nd June, 2018

Iraq's ratification of the International Labor Convention (ILO) is a major gain for human rights in general and for workers in particular, Labor Minister Mohammad Shiaa al-Sudani said Saturday (June 2, 2018).

"The Minister of Labor, Mohamed Shi'a al-Sudani, chaired the Iraqi delegation participating in the 107th session of the organization held in Geneva on the joint cooperation between Iraq and the International Labor Organization," al-Sudani's office said in a statement.

"The ratification of this agreement represents an important event for Iraq despite the difficult economic conditions that have passed over the country during the past period," he said, noting that "the agreement represents a great gain for human rights in general and for workers in particular, and must be a source of inspiration for workers and owners Work and future generations ".

For his part, praised the Director-General of the International Labor Organization, Gay Rider, Iraq's ratification of the International Labor Convention No. 87 of 1948, despite the difficult circumstances of Iraq, considering that the event is important for Iraq and the Organization.

He noted that "signing the record of the deposit of the agreement in the organization with the head of the delegation of Iraq participating in the work of the" 107 "of the organization in Geneva will have a significant impact in promoting the rights of Iraqi workers.    LINK

Abadi is about to leave the Dawa Party | IQD Dinar Currency Exchange RV

TNT UPDATED, 2 JUNE

TNT:

Saturday UPDATE for June 2, 2018:

In the next 48 hours a decision is expected from the federal courts regarding the elections debacle. Abadi is transitioning political party affiliations into a larger representative position.

UPDATED

The House of Representatives voted to cancel the ballot results of displaced persons and foreign stations and manual counting by 10% in all provinces.

(The ratification of the elections SHOULD take place next!) smile
....
**************

Golfer:  Today I will do what others won’t, so tomorrow I can accomplish what others can’t. -Jerry Rice, Legendary Wide Receiver for the San Francisco 49ers

Elmerf123456:  Power isn’t just status or something that comes from a fist. Power starts in the mind. Power is a CHOICE and because it’s a mindset, it’s course is determined by an individuals use of it. “Mental Internal Power” can never be taken from the individual, it can only be given away. It is the individuals choice to control their thoughts and ordain their destiny. Who said this? I did. Choose and use your Power Wisely!

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

Harambe:  CNBC: US crude falls 3% on the week, settling at $65.81, amid US suppl​y growth and OPEC uncertainty https://www.cnbc.com/2018/05/31/oil-markets-after-recent-losses-in-us-​crude-record-output-weighs.html

Harambe:  The Jerusalem Post: EMERGING FROM THE CHAOS OF ISIS, BAGHDAD’S BAD BOY TRIUMPHS (6/2/18) https://m.jpost.com/Magazine/Baghdads-bad-boy-triumphs-558918

DINAR GURUS UPDATE, 2 JUNE

6-2-2018   Intel Guru Dr. Clarke   ...as we outlined in our last 5-27-18 Post...the N. Korea meeting is Officially back on and scheduled for June 12, per President Trump...as we suspected. There is also progress in terms of the Iran deal...all the details we talked about in that 5-27 Post are happening and "In Play".  NOW, as a result, we see things kicking off, the LAST WEEK of JUNE, with an emphasis on 23rd - 26th. Iraq will have released the Prime Minister information, and solidified things to QUALIFY, for a "Suitable Environment", as well...AND the UN, IMF & U.S.A. will ALL be in agreement. We'll have to "SEE" what happens... MANY many Negotiations and Agreements are taking place as we speak...out of sight and behind closed media doors. MANY. Positive Progress is being made. Things look really Good, as of "TODAY".  Don't forget, it's the End of the Quarter, as well.  Stay Positive, ignore the Naysayers, and Focus this thing into "Manifestation this Month".   Work "FOR one Another"...not Against.  In our Opinion.  It's "TIME".  [reference Guru Dr. Clarke post 5-27-2018]

6-2-2018 
  Newshound/Intel Guru Mnt Goat   These next 2 months will be a VERY significant month for us. Am I telling you it will RV? NO, NO, NO!  Iraq has to sort out this mess with the elections, as we all should have expected would happen.  Are they buying time for something else that we don’t know about? Must they keep delaying this RV and find excuses ? Will it EVER happen?  We DO know the reinstatement of the dinar MUST happen someday; We DO know how they intend to do it; We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg; We DO know the dinar will be on a MANAGED FLOAT once on FOREX; We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP); We DO know the banks have been notified of these upcoming exchanges and are preparing for us; We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams; We DO know the impact this will have on the Iraqi economy and the world; We DON’T know the timing!

Jared Rand Time for Change Call w/Q&A (J1)

TNT: "Release of Wealth", 2 JUNE

TNT

Buckeyefan:

There is so much craziness right now, maybe a release of wealth just may not be a good time. Many of us need it, but we may be protected and don't even realize it. Just hope the world can get some relief cuz crazy has been unleashed. But good is trying to prevail and it will

Briona:
It really looks like we just have to wait until they get the official election results, before serious action takes place. Hopefully with in days, not weeks.

RVAlready:
As D.C. Said - the RV will fix a lot of things.

CharlieOK:
Don't forget that A and the CBI could push Their button right now. That being said, I personally believe the Iraqi button is subject to a higher button or two being pushed. Life seems to be going on in Iraq. No suicide bombers supporting Maliki. I am always suspicious of the head fake. I like now between Monday.

JimBake:
Tony 6/1/18... "Looks like Abadi (will be the PM) Do we have to wait for the formation of the government? No, we do not! CBI does not have to wait on anybody, anywhere! We wait. It's as simple as that. They are waiting on their Supreme Court first, then will ratify and roll out the government – they don’t have to wait for ten days."….. Key point imo...we wait. Its as simple as that! Smile

Tishwash:
Deutsche Bank downgraded by S&P over restructuring plans


Published: June 1, 2018 3:13 a.m. ET

Deutsche Bank AG de:db DBK, +1.95% was downgraded Friday by S&P Global Ratings, which cited concerns over the German lender's restructuring plans. The ratings agency cut the long-term issuer credit rating to 'BBB+' from 'A-'on the bank and its core operating subsidiaries.

The troubled bank last week announced plans to cut thousands of jobs in a bid to overhaul its operations and cut costs, but S&P said they see "significant execution risks in the delivery of the updated strategy amid a continued unhelpful market backdrop, and we think that, relative to peers, Deutsche Bank will remain a negative outlier for some time," in a statement. Investors also demanded the resignation of the bank's chairman, Paul Achleitner, at the Annual General Meeting last week. Shares have tumbled 42% so far this year.

The agency kept a stable rating on the bank's outlook, saying that management will execute the plan over time and achieve longer-term objectives.

Meanwhile, Australia's consumer watchdog on Friday announced that it would be bringing criminal cartel charges against Deutsche Bank, Citigroup Inc. and Australia & New Zealand Banking Group Ltd. Shares of Deutsche Bank opened up 1.5%, bouncing off a 7% drop Thursday, which came after the Federal Reserve designated the German lender's U.S. business in "troubled condition," people familiar with the matter told The Wall Street Journal. link

BeemerBiker:
Dodd Frank Act; good or bad for the average consumer?

As the saying goes, there's two sides to every subject and the Dodd Frank Act is loved by some and hated by others... the truth lies somewhere in the middle; some of it is good, some of it is bad. With that in mind, here are a few links to articles which will let you decide for yourself if you think it's a good thing or a bad thing that our Prez has pulled the plug on Dodd Frank...

5 Years Later: Dodd-Frank Continues to Cripple Small Business, Kill American Jobs - Posted by Dorothy Jetter on Tuesday, July 21st, 2015
https://www.atr.org/5-years-later-dodd-frank-continues-cripple-small-business-kill-american-jobs

Dodd-Frank costs $112 per person, study finds
http://thehill.com/regulation/288493-dodd-frank-costs-112-per-person-study-finds

Dodd-Frank Is a Big Problem for Small Business
https://www.thenewamerican.com/economy/economics/item/25508-dodd-frank-is-a-big-problem-for-small-business

Reasons why Dodd-Frank was a horrible law
http://www.futuresmag.com/2016/06/07/reasons-why-dodd-frank-was-horrible-law

KTFA UPDATE, 2 JUNE

KTFA:

Samson:  Saudi Arabia stops paper dealing and turns into "digital" financial procedures

 1st June, 2018

The face of Saudi Arabia's King Salman bin Abdulaziz to stop government bodies dealing paper on financial procedures and the completion of the use of electronic services through the adoption of digital platform in 60 days.

"This demonstrates the leadership's keenness to achieve digital transformation in the financial services provided to all categories of beneficiaries through the digital adoption platform," said Saudi Finance Minister Mohammed bin Abdullah Al Jadaan. He added: "The directive gives the ministries and other government agencies a period of not more than 60 days to complete the use of electronic services through the platform," adoption "digital, which comes within the framework of the draft system (Financial Services Portal)

He explained that those who can not complete the procedures during the period available, send a justification to the Ministry of Finance to study with the participation of the Ministry of communications and information Technology.

Jadaan stated that " the adoption of the " digital platform adopted on 21 January, aims to provide financial services to all actors in the public and private sectors, helping to accelerate redeem transactions by facilitating procedures wa Government requirements.

He explained that the Ministry of Finance has completed procedures in the budget and management of procurement, competition and management of payments management, pointing out that all services will be provided electronically.   LINK
Humor While we Wait:

NINE WORDS WOMEN USE...

(1) Fine : This is the word women use to end an argument when they are right and you need to shut up.

(2) Five Minutes: If she is getting dressed, this means a half an hour. Five minutes is only five minutes if you have just been given five more minutes to watch the game before helping around the house.

(3) Nothing : This is the calm before the storm. This means something, and you should be on your toes. Arguments that begin with "nothing" usually end in "fine."

(4) Go Ahead: This is a dare, not permission. Don't Do It!

(5) Loud Sigh: This is actually a word, but is a non-verbal statement often misunderstood by men. A loud sigh means she thinks you are an idiot and wonders why she is wasting her time standing here and arguing with you about nothing. (Refer back to # 3 for the meaning of nothing.)

(6) That's Okay: This is one of the most dangerous statements a women can make to a man.  "That's okay" means she wants to think long and hard before deciding how and when you will pay for your mistake.

(7) Thanks : A woman is thanking you, do not question, or faint. Just say you're welcome. (I want to add in a clause here - This is true, unless she says 'Thanks a lot' - that is PURE sarcasm and she is not thanking you at all. DO NOT say 'you're welcome'.. That will bring on a 'whatever').

(8) Whatever : Is a woman's way of saying...   Go to Hell...

(9) Don't worry about it, I got it : Another dangerous statement, meaning this is something that a woman has told a man to do several times, but is now doing it herself. This will later result in a man asking 'What's wrong?' For the woman's response refer to # 3.

* Send this to the men you know, to warn them about arguments they can avoid if they remember the terminology.

* Send this to all the women you know to give them a good laugh, cause they know it's true!!!

TNT UPDATE, 2 JUNE

TNT:

Buckeyefan:  There is so much craziness right now, maybe a release of wealth just may not be a good time. Many of us need it, but we may be protected and don't even realize it. Just hope the world can get some relief cuz crazy has been unleashed. But good is trying to prevail and it will

Briona: It really looks like we just have to wait until they get the official election results, before serious action takes place. Hopefully with in days, not weeks.

RVAlready:   As D.C. Said - the RV will fix a lot of things.

CharlieOK:  Don't forget that A and the CBI could push Their button right now. That being said, I personally believe the Iraqi button is subject to a higher button or two being pushed. Life seems to be going on in Iraq. No suicide bombers supporting Maliki. I am always suspicious of the head fake. I like now between Monday.
....
JimBake:  Tony 6/1/18... "Looks like Abadi (will be the PM) Do we have to wait for the formation of the government? No, we do not! CBI does not have to wait on anybody, anywhere! We wait. It's as simple as that. They are waiting on their Supreme Court first, then will ratify and roll out the government – they don’t have to wait for ten days."….. Key point imo...we wait. Its as simple as that! :)

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

Tishwash:  Deutsche Bank downgraded by S&P over restructuring plans

Published: June 1, 2018 3:13 a.m. ET

Deutsche Bank AG de:db DBK, +1.95% was downgraded Friday by S&P Global Ratings, which cited concerns over the German lender's restructuring plans. The ratings agency cut the long-term issuer credit rating to 'BBB+' from 'A-'on the bank and its core operating subsidiaries.

The troubled bank last week announced plans to cut thousands of jobs in a bid to overhaul its operations and cut costs, but S&P said they see "significant execution risks in the delivery of the updated strategy amid a continued unhelpful market backdrop, and we think that, relative to peers, Deutsche Bank will remain a negative outlier for some time," in a statement. Investors also demanded the resignation of the bank's chairman, Paul Achleitner, at the Annual General Meeting last week. Shares have tumbled 42% so far this year.

The agency kept a stable rating on the bank's outlook, saying that management will execute the plan over time and achieve longer-term objectives.

Meanwhile, Australia's consumer watchdog on Friday announced that it would be bringing criminal cartel charges against Deutsche Bank, Citigroup Inc. and Australia & New Zealand Banking Group Ltd. Shares of Deutsche Bank opened up 1.5%, bouncing off a 7% drop Thursday, which came after the Federal Reserve designated the German lender's U.S. business in "troubled condition," people familiar with the matter told The Wall Street Journal.  link

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

BeemerBiker:   Dodd Frank Act; good or bad for the average consumer?

As the saying goes, there's two sides to every subject and the Dodd Frank Act is loved by some and hated by others... the truth lies somewhere in the middle; some of it is good, some of it is bad. With that in mind, here are a few links to articles which will let you decide for yourself if you think it's a good thing or a bad thing that our Prez has pulled the plug on Dodd Frank...

5 Years Later: Dodd-Frank Continues to Cripple Small Business, Kill American Jobs - Posted by Dorothy Jetter on Tuesday, July 21st, 2015   https://www.atr.org/5-years-later-dodd-frank-continues-cripple-small-business-kill-american-jobs

Dodd-Frank costs $112 per person, study finds   http://thehill.com/regulation/288493-dodd-frank-costs-112-per-person-study-finds

Dodd-Frank Is a Big Problem for Small Business   https://www.thenewamerican.com/economy/economics/item/25508-dodd-frank-is-a-big-problem-for-small-business

Reasons why Dodd-Frank was a horrible law   http://www.futuresmag.com/2016/06/07/reasons-why-dodd-frank-was-horrible-law

Restored Republic via a GCR Update as of June 2 2018

Compiled 2 June 12:50 am EST by Judy Byington

The following was a compilation of information from the Internet. It would be up the reader to decide whether or not it was valid.

Judy Note: Intel has been almost non-existent today, June 1. The below is a Summary of the last few days:

1. Intel Report: The RV system was activated the night of May 29.

2. Bruce: Tier 4 (internet group) would get the 800#s at the same time Tier 3 becomes liquid. Some Tier 3 have become liquid and some in Tier 3 were being told that they would become liquid on June 1.

3. Bruce was told something very good would happen within the next 48 hours (by June 2).
....
4. Bruce: On Sun. June 3 in Iraq 115 sections were being paid with the new rate on their back pay from Oct. 2017 to June 1 2018.

5. Intel Report: HSBC would be updating their systems on June 8th.

6. Intel Report: Rumors were that the plan has changed: all indictments will be unsealed on June 11, while Republic generals have been issued standby orders for June 11.

7. White Hat Paladin Update: June 11th Q-reported purge of 30,000+ indictments.

8. A Back Channel 17 video mentioned June 11:
https://www.youtube.com/watch?v=Fy6aonYvMcg

9. HSBC: Beginning Friday June 8 at 7:30pm ET Internet Banking and the HSBC Mobile Banking App would not be available. We expect all services to resume at 8:30am ET on Monday, June 11, 2018.

10. At the time of the trip code change, several significant dates were discussed by Q Anon analysts. Only one date was left: 11th June.

11. Bruce: Tier 5 (public) exchanges should start on Mon. June 11.

12. President Trump would meet with North Korea leader Kim Jong-un on June 12.

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

June 1 2018 9:17 pm EST, - The Office of POOFness - 6.1.18

They cleared and released the money and we will receive early next week as today being Friday international wires will not be done. Then we will have the usual international transfer times to get the funds to the account.

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

June 1 2018 TNT Call

1. All that was required for the RV release was done. What we were seeing was the strategy of the removal of Iranian influence and those who were stealing money.

2. The Iraqi Dinar would not be announced as international until their Supreme Court and electoral commission made a decision on the election results, which possibly could come this weekend.

3. After the decision it could take up to 10 days for the official RV, although likely everything has been done for announcements to be made immediately.

4. The Iraqi banks would not come out with a new window until that decision was made.

5. Currency rates were skyrocketing because of the price of oil going up.

Dinar Contract rate was $22.

Dong was said to be twice the $.47 cents it has been.

Zim was way over $.47.
June 1 2018 12:20 EST, MenoReno: "Kong Lives!?" by MenoReno - 6.1.18

1.Two different sources have told me that things have finely started in Hong Kong.

2. At an 8-hour meeting between the banks and the monetary funders on Wed. May 29, the GCR/RV was given the go ahead.

3. Should things go as planned, we should see Reno active by the beginning of next week. Tier 4 would shortly follow.

4. I would probably get very excited if I was new to this, but years of waiting tells me to wait and see.

DR. CLARKE UPDATE, 2 JUNE

DR. CLARKE (TODAY stuff 6-2-18):

Our TODAY stuff, as we outlined in our last 5-27-18 Post (LINK), the N. Korea meeting is Officially back on and scheduled for June 12, per President Trump......as we suspected. There is also progress in terms of the Iran deal......all the details we talked about in that 5-27 Post are happening and "In Play".

NOW, as a result, we see things kicking off, the LAST WEEK of JUNE, with an emphasis on 23rd - 26th. Iraq will have released the Prime Minister information, and solidified things to QUALIFY, for a "Suitable Environment", as well.........AND the UN, IMF & U.S.A. will ALL be in agreement. 

We'll have to "SEE" what happens....... 
MANY many Negotiations and Agreements are taking place as we speak.......out of sight and behind closed media doors. MANY. Positive Progress is being made.

Things look really Good, as of "TODAY".

Don't forget, it's the End of the Quarter, as well.

Stay Positive, ignore the Naysayers, and Focus this thing into "Manifestation this Month". 
Work "FOR one Another"......not Against.

In our Opinion.

It's "TIME".

Dr. Clarke


P.S. The "Winds of Change".........SLOW CHANGE, is happening. Iraq & Vietnam, as well as, a handful of other countries, for the sake of more Balanced World Trade economics, need to adjust currency values Up.......and down. 

Remember, the U.S. Economy, is TWICE THE SIZE of China's economy......which is in shambles right now......AS IS EUROPE.....as you just witnessed this week in Italy, where Markets PLUNGED, in disarray over political unrest..... Debt Levels of ALL the countries in Europe, with the exception of Germany, are all beyond recovery, and will NEVER be paid back. Deutsche Bank alone, with 86 TRILLION in derivatives, is over 4X the size of the U.S. national debt at 21 Trillion, and is now falling apart rapidly. Interest Rates are rising globally.....

Just so you know.......Iraq has been secretly & quietly, solidifying the government, in ways that are not seen by the public, nor written articles, and the media..........thus what appears to be a "Delay", in announcing the PM, and other things. It "appears" to be stalled due to a so-called, "corrupt election votes". This is NOT the case. The votes are in. The Prime Minister has been chosen. The parties have been chosen. The lines have been drawn. The Announcements will be made PUBLICLY, over the next week. THEN, as we've been saying, the CBI can act........ Only THEN, will they Officially & Publicly raise the Rate substantially.........Vietnam & others, to follow, within 24 hours.

That's WHY, we NOW like, and are Super Focused on JUNE 23-26th........and what happens the rest of that Week.......BECAUSE, it's AFTER JUNE 12, 2018.

AND SO,

"It's TIME".

......for a few Currency Moves, THIS MONTH.

That's our IL-LOGICAL, "TODAY stuff".......our "Latest Guesses".

"THERE ARE NO GUARANTEES IN LIFE. NONE"

......but we See a "BIG SURPRISE" coming.


(
For comment section, please scroll down. Thank you.)

IQD CHAT, 2 JUNE

Xyz      6-1-2018 Kaperoni We're getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don't expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they'll happen at the same time as the transition to Article VIII.

Spectra       (((NORTH KOREAN OFFICIAL TO VISIT WHITE HOUSE TO MEET WITH TRUMP))) A senior North Korean official will hand over a letter from the country’s leader Kim Jong Un to US President Donald Trump in a rare visit to the White House on Friday (June 1) as the two sides try to put a derailed summit meeting back on track. http://nrttv.com/En/News.aspx?id=1587&MapID=4
 ...
Spectra      https://youtu.be/6tL5exJg4ms (((( I'm An Englishman. Very Powerful FREE TOMMY ROBINSON))))

Xyz      Legal controversy» between the Commission and the Parliament

http://www.alsabaah.iq/ArticleShow.aspx?ID=158085

The attention is directed towards the Federal Court to resolve matters
Baghdad / Sabah   The size of the legal debate between the House of Representatives and the Independent High Electoral Commission on the recent decisions by the Parliament calling for a recount of 10 percent of the ballot boxes, the resolution that was passed by another parliamentary resolution "will be necessary" if the Commission passes,

 "The Commission will not respond to the Parliament's decision to cancel part of the results of the recent parliamentary elections and to manually count and count for 10 percent of the ballot boxes," said Maen al-Hitawi. »Alheitaoa added that« the parliament's decision in this regard, contrary to the laws in force.

Chattels     Integrity UK @integrity_UK    Confused about the process of forming the Iraqi government after the 2018 #Iraqi Elections?  Our infographic lays out the step-by-step process in simple terms.

https://twitter.com/integrity_UK?lang=en

chattels    Iraqi parties intensify calls to challenge election results
Omar Sattar June 1, 2018

Read more: http://www.al-monitor.com/pulse/originals/2018/06/election-fraud-ihec-iraq-parliament.html#ixzz5HF8Pisj1

chattels    " ........... the total or partial cancellation of the vote does not seem feasible in light of Iraq's sensitive security situation and growing concerns over a civil war."

chattels    ............ the blocs objecting to the election results are not likely to “secure a quorum to vote on an amendment to the election law next Monday [June 4].”

chattels   " ............ the Federal Supreme Court will have the final say in determining whether parliament can cancel the election results."

chattels" If the court refuses parliamentary intervention, or if the blocs demanding a recount fail to secure a quorum, then mobilizing the street and igniting popular anger will be their last option,.........."

chattels    Mnt Goat - " These next 2 months will be a VERY significant month for us."

chattels    " ............ next 2 months will be a VERY significant month ........ " :)

chattels    Two months in one.

Spectra     ((IRAQ BEGINNING TO FEEL EFFECTS OF SEVERE WATER CRISIS, OFFICIALS BLAME TURKISH DAMS)) BAGHDAD — As the summer approaches, the danger of falling water levels in the Tigris and Euphrates rivers increases in Iraq, a country where 70 percent of its water originates from outside its borders.

http://i65.tinypic.com/v7e1kn.jpg

The pictures of the city of Mosul on Friday (June 1) showed a significant reduction in the water levels of the Tigris River, which parliamentary sources said was caused by Turkey storing huge amounts of water behind the Ilısu Dam. The source also said that this will create a severe water shortage in Iraq. ((((( Mustafa Habib@Mustafa_Habib33

For the first time in the past 100 years, #Tigris dries frighteningly, crossing the river by foot not swimming!, footage show Tigris at sunset today in #Baghdad, #iraq 
​Spectra    Official sources have warned that this reduction in water resources may spur large-scale migration. Approximately, seven million families live on the Tigris River and may choose to leave if there is not enough water for agriculture or other uses.

Spectra    ((Goldman Sachs vice president charged with insider trading)) NEW YORK (Reuters) - Federal prosecutors charged a vice president at Goldman Sachs Group Inc (GS.N) on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank.

https://www.reuters.com/article/us-goldman-sachs-insidertrading/goldman-sachs-vice-president-charged-with-insider-trading-idUSKCN1IW2CY

Spectra    NRT English ‏NRT_English  Iraqi politicians await Supreme Court decision on election recount

http://www.nrttv.com/en/News.aspx?id=1615&MapID=2 … #NRTnews #IraqiElections2018
IQD CHAT