Sunday, February 26, 2017


The goal of the NPTB has always been to wear down the will of the cabal through steady and unrelenting progress. ​Like running water eroding a mountain. They knew that constant pressure was the only way to eliminate the beast from any participation in the inevitable new world of love and light. 

​When each of you jumped into the RV vortex it was an individual choice. However, few knew what it would actually take to redeem these currencies because even fewer knew that all GESARA mandates had to be achieved first. 

This created unprecedented timing expectations for currency holders, which created intense deal fatigue realities, which created heightened sensations of anxiety, animosity even anger, which lead to hyper desperation and ultimately caused most to emotionally drop out of believing in the RV or a better future for humanity. Some even burned their currency or just stopped being alive. 

So if you've made it this far, perhaps you're willing to go just a little further to complete your own circle of experience. ​Just know the world has no other choice but to RV, and you are part of this world waiting on permanent and sustaining change, aware or otherwise. Sobeit. 

Secretary Mnuchin'​s​ Sunday interview revealed nothing new. It was done for the global market makers to ensure another ​"​up week.​"​ 


Citibank's website being down Saturday at midnight exposed the fact the London based bank has been either turned over to the Chinese Elders or sold by the Rothschilds.​ We've heard reports of both happening simultaneously.​

"Citi" BTW is a tribute to "City of London" which was under the sovereign control of the Rothschild banking dynasty, who reported exclusively to the Dark Nobility Pindar.

It's now safe for every major American bank to intake​ old​ currency and exchange for new currency​​, which wasn't the case ​as midnight Saturday--so we could not have RV'd under any circumstance. And technical​y, we still couldn't as until after 5am EST on Sunday morning. 

Citibank's back of the house technical architecture was converted all this weekend and was a extremely necessary aspect to beginning the RV and releasing the new USN currency. Few know that Citibank was not only the third largest bank in the USA, but also the last cabal holdout major bank to accept the new financial system. 

The ancient wind subtly blowing through Donald's endless Trumpet will no longer have any meaningful resistance in Congress. ​Just know that Donna is reading from a prepared script each day and must accomplish certain goals to achieve his amnesty.

America's compliance responsibilities for GESARA will be implemented quickly now. The new USN currency is but one part of this ​enormous international treaty.

Change is going to come so fast and so constant now, people will feel like they're on a wild roller coaster​ if they don't already. 

Obama holds a much larger roll with regards to the RV roll out, still, than anyone wants to admit or even knows--but General Dunford knows. So do the Chinese Elders. Hmmmmm. That's new? Not to the RTC family. 

Maybe Dr. WC's belief that while true Commander Obama may have stopped the RV over hundred times, his actions were always done as benevolent acts designed to protect the opportunity for regular people, so that the cabal banks could not steal their funds right out of their accounts a la the Wells Fargo scandal.

If you want to follow the RV as it happens live, keep looking your favorite banks website. As there will be no formal or public announcement launching the RV. And the private redemption period will just begin suddenly without warning. Poof. Here. Call. Redeem. Saga ends. Humanity wins. No drama. No fanfare. Really higher intelligence ​strategic planning ​ stuff​ here kids​.​ So rare air, it's invisible to the masses and will be in perpetuity. Tres cool.​

Some bank branches will now also be handling private redemption responsibilities. Why? Hiking rates late created unexpected currency gifting of smaller currencies, which created more initial exchange volume via currencies like the IQD and VND, which regular banks could process. 

So to relieve the stress, smaller capitalized regional banks were added late to reduce major bank and off-site redemption center flow. ​

Plus it was just better for the economy and country to spread the wealth out to more regional banks. Maybe that was always the plan at the very end. Hard to tell. But there's no way to hide the RV now… too many rank and file bank employees have seen the new "plastic" USN currency and/or been trained on how to process reevaluating currencies. 

Everything having to do with the ZIM will be separate from all other currencies, and handled by HSBC exclusively with military oversight. Think of the ZIM like economic kryptonite to the cabal's hopes and dreams of Zionistic utopia. So it needs to be handled very carefully, safely and most of all quietly as not to rock the mass population boat. 

Hence why Citibank's inclusion was so critically important.

Also, we know the the UST has given final release instructions to the paymasters for performance Monday morning.

As for private redemption timing, any moment. As for screen rates, higher than your thinking. As for sovereign rates, to much is given much is expected. Be smart. 

As for post RV enjoyment of your life, depends more on how well you've prepared your internal spirit not your banking acumen. There's still to to surrender to God's Will in place of your own. 

Be very careful folks what you believe to be true. Because belief literally creates reality, not false flag events, bogus media induced circumstances or blatant political fake news.

God is with us.

The Problem with Gold-Backed Currencies, 26 FEB

The Problem with Gold-Backed Currencies

Posted on February 23, 2017 by Charles Hugh Smith

There is something intuitively appealing about the idea of a gold-backed currency –money backed by the tangible value of gold, i.e. “the gold standard.”

Instead of intrinsically worthless paper money (fiat currency), gold-backed money would have real, enduring value–it would be “hard currency”, i.e. sound money, because it would be convertible to gold itself.

Many proponents of sound money identify President Nixon’s ending of the U.S. dollar’s gold standard in 1971 as the cause of the nation’s financial decline. If our currency was still convertible to gold, the thinking goes, the system would never have allowed the vast pile of debt to accumulate.

The problem with this line of thinking is that it is disconnected from the real-world mechanisms of capital flows and the way money is created in our financial system.

This article explains why Nixon took the USD off the gold standard: since the U.S. was running trade deficits, all of America’s gold would have been transferred to the exporting nations. America’s gold reserves would have disappeared, leaving nothing to back the dollar. The U.S. Empire Would Have Collapsed Decades Ago If It Didn’t Abandon The Gold Standard.

The problem to sound-money proponents is trade deficits: if the U.S. only had trade surpluses, then the gold would not drain away.

But Triffin’s Paradox explains why this doesn’t work for a reserve currency: a reserve currency has two distinct sets of users: domestic users and global users. Each has different needs, so there is a built-in conflict between the two sets of users.

Global users of the USD need enormous quantities of dollars to use as reserves, to pay debts denominated in USD and to facilitate international trade.

The only way the issuing nation can provide enough currency to meet this global demand is to run large, permanent trade deficits–in effect, “exporting” dollars in exchange for goods and services.

This is the paradox: to maintain the “exorbitant privilege” of a reserve currency, a nation must “export” its currency in size; a nation that runs trade surpluses cannot supply the world with enough of its currency to act as a reserve currency.

And any nation running large trade deficits will soon empty its gold reserves as international holders of the currency choose to convert their currency into gold, which is exactly what happened in the late 1960s in the U.S.

OK, so a nation can’t back a reserve currency with gold. How about backing a non-reserve currency with gold? There are still problems with backing currencies with gold.

Number 1 is convertibility–without it, you don’t have a gold standard, you have an illusion of a gold standard. If the gold-backed currency isn’t convertible to gold, it’s simply another form of fiat currency.

An example illustrates why. Let’s take the fictional nation of Slobovia, which has accumulated $10 billion of gold to back its currency, the quatloo.

To protect its reserves from being drained away, the quatloo isn’t convertible to gold; the Slobovian central bank simply declares the currency is “backed” by gold.

But consider what this entails. The price of gold globally is set by the market (setting aside manipulation by major players), not by the central bank of Slobovia. This means the value measured in gold of the quatloo is fluctuating as the value of gold fluctuates.

If the global value of gold plummets, so does the purchasing power of the quatloo. This peg to the price of gold becomes consequential if the quatloo loses purchasing power.

Problem 2: what happens to the purchasing power of the quatloo when the central bank issues more currency? If the central bank issues an additional $10 billion in currency, if it doesn’t add $10 billion in gold reserves, the purchasing power of the quatloo measured in gold declines by 50%.

So the quatloo is supposedly “backed” by gold, but its purchasing power can drop in half as the central bank issues more fiat currency? Then what value is the supposed “backed by gold” claim?

Problem 3: consider the case of well-connected investor Mr. PM. Mr. PM has friends in high places in the government and banking sector, and so he borrows $100 million to buy choice parcels of land that have government-approved development rights.

He develops the parcels with the $100 million, and some years later sells the properties for $1.1 billion to other investors. He pays off his $100 million loan and pockets $1 billion in cash.

Note that the bank created the $100 million out of thin air when it originated the loan to Mr. PM. Did the Slobovian central bank acquire an additional $100 million in gold to back this new money? No–because in a fractional reserve banking system, this new money is lent into existence for the term of the loan, and disappears when the loan is paid off.

You see the problem: the $100 million Mr. PM borrowed to develop the land has been paid back, i.e. gone to money Heaven, but the $1 billion in cash he now has is “real money.” It’s as real as if he saved $100 million a year for a decade or extracted $100 million in profits from a mine for 10 years.

This expansion of quatloos wasn’t the result of the central bank issuing more quatloos, or the central bank buying more gold reserves: it was created by the fractional reserve banking system.

Mr. PM transfers his $1 billion in quatloos overseas. If the quatloo is convertible to gold, Mr. PM demands the central bank of Slobovia trade his $1 billion in quatloos for $1 billion in gold. 10% of Slobovia’s gold reserves are transferred to Mr. PM, and the outstanding pool of quatloos instantly loses 10% of its value measured in gold.

If the quatloo isn’t convertible to gold, the existing pool of quatloos still loses 10% of its value because the pool of outstanding quatloos just expanded by 10%.

It doesn’t matter if the $1 billion in quatloos was borrowed into existence or issued by the central bank: it still dilutes the purchasing power of all quatloos by 10% unless the central bank adds $1 billion gold reserves to “back” the new money.

The way out of this is to revalue the quatloo’s value measured in gold. l Let’s say Slobovia initially issues its currency, the quatloo, at 100 to an ounce of gold. If gold is $1200/ounce, each quatloo is worth $12. So far so good.

But then the government encounters a spot of fiscal bother, and the central bank announces, without warning, that the exchange rate is now 1000 quatloos to an ounce of gold. Oops. Now the “gold-backed” quatloo is worth only $1.20. Holders of the “gold-backed” quatloo just took a 90% haircut on the purchasing power of their “gold-backed” currency.

So either a currency is convertible into gold, or it isn’t gold backed. If the conversion rate is set by the government, then it’s subject to sudden revaluations, just like any other fiat currency.

If the issuing nation maintains a fractional reserve banking system, then the quatloo is constantly devalued by the issuance of new quatloos in excess of the gold the central bank adds to its reserves.

When people talk about China backing its currency the yuan with gold, what does that mean given that China has issued $30 trillion in new credit-money in the past decade?

It doesn’t matter that the money is “borrowed into being”; as the example of Mr. PM illustrates, the money created is as real as money that was earned or saved or mined; the money created in China’s vast credit bubble is real enough to buy homes in North America for those lucky few who can get their yuan converted into dollars.

In a true gold-backed currency, every new $1 in currency must be backed by the addition of $1 of gold to reserves. If the gold supply remains constant but the supply of currency constantly expands, the value measured in gold of the outstanding currency declines accordingly.

Any currency is only truly “backed by gold” if it is convertible to gold. Why hold a “gold-backed” currency that can be diluted 10-fold overnight by the issuing government/bank?

Any nation issuing a gold-backed currency can’t control the global price of gold, and so that nation’s currency is hostage to fluctuations beyond its control. If the issuing nation sets a peg to gold, that peg is subject to the whims of the central bank and state–in other words, the peg is simply another flavor of fiat currency.

Simply put, there is no way to back a reserve currency or a fractional reserve banking system with gold. It’s easy to say that a world with very little credit would be a good world, but it would be a world with limited debt-based consumption, i.e. a world with little “growth.” And without “growth,” the system implodes.


Courtesy Ubiety

Zimbabwe: Feasibility of a Gold-Backed Currency, 26 FEB

Zimbabwe: Feasibility of a Gold-Backed Currency

2/26/2017 09:43:00 AM  News    Persistence Gwanyanya

IN my February 10 instalment, I argued that using gold to back bond notes could boost confidence in the surrogate currency and, by extension, attract more investments to rebuild the local economy.

Admittedly, this suggestion does not constitute an optimal currency solution, but could be a better option to avoid a currency crisis.

It’s now clear that, in their current form, bond notes and coins would be inadequate to effectively boost exports as well as remedy externalisation.

Thus, there may be need for measures to beef up the current currency regime and build on the progress made so far to avoid a deeper economic crisis.

Suffice to say my proposal is not advocating for the return of the heyday gold standard that operated at the end of the 19th and early 20th century.

This currency regime operated well as a remedy to the inflation scourge and currency depreciation attributable to excessive credit creation and, as such, might not produce the best result in the current deflationary environment, where monetary authorities have limited control over money supply.

An effective currency solution should be rooted in the clear understanding of the country’s currency crisis.

As noted earlier, the cash shortages in Zimbabwe are largely a result of an unbalanced economy characterised by high levels of consumption – funded from imports – and low production.

This economic imbalance, in part, can be attributed to the fixed exchange rate regime with the dollar, which is about 25 percent overvalued. This makes Zimbabwe’s exports uncompetitive in the international market.

However, adopting a gold-backed currency, which entails switching the peg from dollar to gold, may not necessarily improve the country’s competitiveness.

Clearly, the lack of competitiveness can be traced to deep-seated structural challenges such as poor infrastructure deficit, high cost of utilities, scarcity and high cost of capital.

Zimbabwe’s experience with the fixed exchange rate is deflation, rising unemployment and poverty, sluggish growth and budget and trade deficits.

There is no guarantee that these challenges would be addressed by just switching from dollar to gold peg.

Importantly, being a tiny US$14 billion open economy in a more than $80 trillion world, Zimbabwe might not be better placed to lead the gold monetisation of its currency.

The suggestion to gold back the bond currency alone would be difficult to achieve since this currency is interchangeable with the US dollars at a stipulated exchange rate.

If bond notes were to be revalued against gold, it would automatically mean that the rest of the country’s money supply would also have to be valued similarly.

This would be very difficult to achieve given the current and potential production levels of gold, including financial challenges plaguing the economy.

Devoting the country’s full annual production of yellow metal to build the required reserves will not even be enough to support US$6,7 billion in money supply in the economy.

At a price of ZW$40 000 per kg (35 274 ounces),it would take not less than five years to build the 167 tonnes of gold reserves required to back the full money supply in Zimbabwe, assuming potential annual production of 30 tonnes.

The biggest dilemma that the country faces by devoting all its gold production towards building gold reserves is that this would lead to a further deterioration of the balance of payment position.
Annual exports would fall by $1billion to around $2billion as gold exports are redirected towards building reserves.

This would worsen the liquidity and cash crisis, which may lead to the abandonment of the home-grown gold standard before it starts.

The only better alternative is for authorities to completely abandon the current multiple currency regime and make bond notes a different currency from the other multiple currencies.

This would mean that there would be US$300 million of gold-backed bond notes ($200 million) and coins ($50 million), and this currency would be used for domestic transactions only.

This constitutes de-dollarisation, but it would be difficult to achieve in a short space of time.

As such, the gold-backed bond currency would be allowed to initially circulate alongside the multiple currencies, predominantly US dollars, which mean the US dollar value of gold, which varies minute to minute on the international market, would not be the same as bond notes valuation of gold.

Far from ensuring stability, the proposed currency peg would give rise to enormous complexities as well as volatility and unpredictability.

When Zimbabwe dollarized, the price of gold per ounce was US$869, and thereafter rose to US$1664 before falling to US$1 225 per ounce in 2017.

Had the currency been pegged to a fixed amount of gold, its value would have increased over 90 percent and then dropped 26 percent.

That means its value would have risen 40 percent between 2008 and 2017, which is not much different from the extent of Zimbabwe’s currency overvaluation since dollarisation.

This also underscores the assertion that a country’s competitive challenges would not be solved by just switching from US dollar peg to a gold peg.

It is arguable that the current currency regime is facing a number of challenges that are threatening its sustenance.

The cash premium relative to RTGS money, together with the reported bond note discounts and the return of the Old Mutual Implied rate discount of around 25 percent since September 2016, is instructive.

The dollar in RTGS balances or in bond notes or in fungible Old Mutual shares is not the same as cash dollar or US dollar outside Zimbabwe.

This is a major hinderance to capital flows in Zimbabwe, which are expected to continue as Nostro funding challenges continue.

This suggests that an effective currency solution in Zimbabwe should address production challenges and capital flight.

With an estimated US$14 billion to US$20 billion required to close the infrastructure deficit and US$5 billion needed to reindustrialise, there is need to generate and boost confidence in the country’s currency so as to attract meaningful investments.

This could be the sole reason that gave rise to the idea of monetising bond notes with gold.

The challenges to monetise the country’s money supply through gold doesn’t render the idea impracticable.

There may be need to consider monetising a portion of the money supply in the economy, say a tenth.

This would go a long way in improving confidence.



I'm haven't decided yet what to think of this - mostly because I do not believe in an upcoming RV under any circumstances... but on 2/15 my father-in-law went to his bank and asked about Dinar and Dong. He always carries one of each just in case.. 
In this instance the teller said nothing for Dinar, but for Dong .36 per dong. Or was it .39? one or the other). 
Anyway, he pulled out a 25K dong note and they exchanged it for $9504.00.
And here is his receipt...

Hmmm... I been trying to upload but it keeps telling me it's too big... I managed to get it down to 30k... the insert thingy below says max=.098Mb. Someone please tell me how to get a JPG of 30k uploaded...

Restored Republic via a GCR as of Feb. 26 2017

Restored Republic via a GCR as of Feb. 26 2017

Compiled in the early morning hours EST of 26 Feb. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abuse Recovery www.ChildAbuseRecovery.com; Author, "Twenty Two Faces," www.22faces.com.

A. Feb. 25 2017 10:00 pm EST Intel Situation Report: "Late Night" - Intel SITREP - 22:00 EST - Saturday - February 24, 2017 Saturday completed what Sunday begins.


B. Feb. 25 2017 5:39 am EST BB136:
 "Re: One of Two Intel SITREP" by BB136 - 2.25.17

1. Previous SITREP: http://inteldinarchronicles.blogspot.com/2016/11/20-answers-gesara-update-thursday.html?m=1

2. GESARA was announced on Nov. 4, 2016 in the United Nations

3. 120 days plus 3 days from Nov. 4, 2016 is March 7, 2017 (not Feb 6)

4. Calculation:
26 days to Nov 30
31 days to Dec 31
31 days to Jan 31
28 days to Feb 28
4 days to Mar 4
Total 120 days.
Then Add 3 reconciliation days

5. GESARA implementation due by March 7, 2017


C. Feb. 25 2017 7:25 am EST Lore: "Bank Info (No 800 Number So Far, but...)" by Lore - 2.25.17 Citibank has a large notice stating their website will be down 2/26/17 from 12 a.m. to 5 a.m. EST.


D. Feb. 25 2017 Dr. Clarke: DR. CLARKE: Lots of things are Changing rapidly, and "BIGLY", friends, 25 FEB

1. As of right now, ALL OF OUR TIMELINES, previously stated, are no longer applicable.

2. We DO NOT see anything significantly happening with rates, tonight or tomorrow.

3. We will update and get you more detail sometime tomorrow, after everything comes together.

4. There's been major HIDDEN information surface.

5. Hint: Iraq sending airstrikes to Syria to secure the border?

6. "FOR ENTERTAINMENT PURPOSES ONLY" will continue, in our opinion.

E. Feb. 25 2017 Dinar Detectives Backdoc: Backdoc

1. Our long and difficult journey is coming to it's end.

2. Recently we saw Iraq admit a very large discovery of black gold in southern Iraq.

3. Iran did the same thing a couple of weeks ago.

4. By adding these new assets to their credit with the IMF they will likely be able to sustain a much higher currency value than previously thought.

5. We will pull back the curtain in March.


F. Feb. 25 2017 4:49 pm EST Shadow Government:

"Shadow Government" by EthericBlue - 2.25.17

G. Feb. 25 2017 5:54 pm EST Why US Note Stories are Great by One Who Knows: "15 Reasons USN Stories Are Great News!" - One Who Knows - 2.25.17



Timothy1857:  Trump is supposed to have a speech to the congress …I hope he hints to something we’re waiting to hear

Smitty:  President Trump's speech is on Tuesday the 28th of Feb. I believe

Bomonkey:  i don't want a hint i want the announcement...lol

Airam:  Tish consider the question .....your opinion on the Sovereign bonds ......in which currency you think they will be emitted???   is it in dinars or usd??   https://www.usaid.gov/news-information/press-releases/jan-18-2017-gove​rnment-iraq-issues-1-billion-sovereign-bond-us-guarantee

Tishwash:  he soveriegn bonds aren't selling. this isn't the first time they have been offered , they have been offered twice before but no one bought them. this time they were released with the "full backing of the "United States" right?  I believe it is USD and that could be why no one is buying them ... hahaha

Daapperyute:  A sovereign bond is a debt security issued by a national government. Sovereign bonds can be denominated in a foreign currency or the government's own domestic currency; the ability to issue bonds denominated in domestic currency tends to be a luxury that most governments do not enjoy.

06ddd50:  March 24, 1991 Kuwait Revalues their Currency..... http://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html


2-26-2017   Newshound Guru Revbo   Article:  "Abadi Votal discuss the battle of Mosul and international support for Iraq"   ...foreign jihadis leaving for Syria, allegedly on Baghdadi's orders. This operation is almost over, folks. IS is being demoted back to the JV team.

2-26-2017   Newshound Guru mike
   Article:  "Abadi Votal discuss the battle of Mosul and international support for Iraq"   To say I'm surprised is an understatement, they've been fighting these guys for years. Let's hope they keep up the momentum and free the entire city...


2-26-2017   Newshound Guru loop
   The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO.   The battle to free the Right coast is progressing very nicely.  The on going media blitz on Maliki is very telling.  His time is coming to and end.  His is about to reap the what he has sown.  IMO. Munich was a definite catalyst for the recent move on him. IMO...It's shows how close we are getting to realize the the fruits of our labor...    The continued dialogue in the media about national reconciliation shows how serious they are about it.   It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!



GJHHonor:  no update on CBI today .

DMBently:  GJH.... so the CBI hasn't updated Iraqs rate in all of 2017?

GJHHonor:  since Jan 4th 2017


RE: DEAL-Iraq's First International, Sovereign Bond:  http://www.iflr.com/Article/3664511/Capital-markets/DEAL-Iraqs-first-international-sovereign-bond.html

Aairam:  This guaranteed bond is a demonstration of the international community's ongoing assistance to Iraq, and will strengthen the process of implementing meaningful reforms and our efforts to combat corruption and build a more secure, democratic, and financially viable and prosperous Iraq."

Pearle:  I'm liking that bond thingy going on

Dapperyute:  My two cents, since the USD is basically the worlds currency countries and companys alike usually seek global financing using a USD denominated instruments.
Airam:  Dapper then you think the bonds are in USD???

Dapperyute:  I believe so

Pearle:  The bonds should be Dinar backed by usd but we shall see

Investnwt:  yes dapperyute, but what about the words 'first ever sovereign bond"? In other years when the bond was announced it was stated as a 'dollar bond', not now. You might be right. It will be interesting to see.

Airam:  This will be Iraq's first $1 billion USAID Guaranteed bond issuance and fulfills the pledge that the US Government made to Iraq to support economic reform and fight terrorism [as part of the overall $15.6‎ billion support package by the G7 and other donors]….. And they are talking about reinforcing the MR

Pearle:  They need to show us a rate...they are playing games……They have to pay back this money…. Their credit rating will plummet if they don't

Dapperyute:  Not an investment professional but if you put a bond on the market and it get a great response it suggests that investors are comfortable that they will see a return on their investment… Because as Pearle says their credit rating would take a hit

Pearle:  I think they are setting up themselves to look attractive to investors

Dapperyute:  For me I would love to hear that the bonds were a huge success as it means investors are confident about seeing a return because no matter the currency the country has to pay back the investors. And they are a lot more plugged in than me.

Skipper2:  Pearle.. I read last week that the Bonds were at something like 2.16 (or 2.61) %, but it dod not mention the length (term) of the bond. Somewhat vague, but yes... dressing up helps improve the chance of a successfull opportunity

Investnwt:  This is from a press release in January/17, perhaps it does not matter what currency the 'sovereign bond" is in: Today's loan guarantee agreement recognizes that Iraq continues to make progress toward meeting its economic reform goals on behalf of the Iraqi people.

This sovereign loan guarantee offers additional support to Iraq as a stable and self-reliant strategic partner of the United States.   https://iraq.usembassy.gov/pr_010517.html


Bluelingo:  “When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.” Warren Buffett. It mght be very wise to think about who you take advice from with the big name and experience.

that is from https://www.yahoo.com/finance/news/warren-buffett-just-shared-best-143​912048.html

Warren Buffet advice on yahoo today
Dinar Updates:

Loop   The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people.

Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO.

The battle to free the Right coast is progressing very nicely.  The on going media blitz on Maliki is very telling.  His time is coming to and end.  His is about to reap the what he has sown.

 IMO. Munich was a definite catalyst for the recent move on him. IMO...It's shows how close we are getting to realize the the fruits of our labor...    The continued dialogue in the media about national reconciliation shows how serious they are about it.

It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!



BACKDOC:  NICE ARTICLE SAMSON. (see article below)




Samson:  Iran's Parliament Approves Bond Issue for Oil Projects

Sunday, February 26, 2017

Close to $2 billion has been allocated for oil and gas exploration

Parliament on Saturday ratified a law that allows the government to issue bonds in the next fiscal year for developing major oil and gas projects.

As part of the legislation for the national budget for fiscal 2017-18, the Majlis passed a law that allows the government to issue up to 50 trillion rials (about $1.3 billion) in bonds for investment in hydrocarbon resources, IRNA reported.

The law places higher priority for investment in shared oil and gas fields, stipulating that investors should be remunerated from revenues from the joint fields.

Saleh Hendi, the director for exploration at the National Iranian Oil Company, said on Saturday that the government has allocated "close to $2 billion" for oil and gas exploration.
"The entire budget will go for drilling operations," Hendi said, adding that preliminary studies on each oil and gas reservoir cost between $200 million to $300 million.

However Tehran's exceedingly tight budget does not measure up to its energy aspirations.
Oil Minister Bijan Namdar Zanganeh has said the country needs a staggering $200 billion for investment in its petroleum industry, including $130 billion for upstream exploration and production.

Tehran has pinned high hopes on developing its energy infrastructure with foreign finance and technology.

The government of President Hassan Rouhani plans to tender dozens of oil and gas fields under a new model of contracts that offers sweeter terms, such as production for up to 20 years and higher reward for riskier projects.

The fields that are shared with Iraq and Qatar, namely the oilfields in the West Karun region in southern Khuzestan Province and the South Pars Gas Field in the Persian Gulf, are among the country's coveted projects.

Iran has the world's second-largest proven natural gas reserves (34 trillion cubic meters) and the fourth-largest crude oil reserves (157 billion barrels). Based on estimates, Iran can draw on its oil and natural gas reservoirs for at least 50 and 80 years respectively, excluding the new discoveries. 




Samson:  Rafidain Bank directs its branches update data before retiring salaries

Rafidain Bank directs its branches update data before retiring salaries<br /> 2/26/2017 9:22
Face Rafidain Bank branches in Baghdad and the provinces need to updated data on retired prove they are alive.

Press office of the bank said in a statement received by all of Iraq [where] a copy of it, " The bank called on all its branches to conduct a comprehensive review of the certificate of retired life and prove its existence , " adding that " the agent who represents retired during the receipt of pension by the presentation of a certificate of life fundamentalist and certified by the State Department. "
The statement stressed that " the bank will not , but regardless salary pension for a retired principal or agent who fulfill the conditions unlike those directives will bear the employee - based pension regardless responsibility for that.



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Samson:  Iran plans to issue bonds worth $ 4.5 billion in energy projects

Iran plans to issue bonds worth $ 4.5 billion in energy projects<br /> 2/26/2017 12:12

The Oil Ministry announced that her country Iran is seeking to put up bonds denominated in Rial and foreign currency worth up to $ 4.5 billion by March 2018.

The Iranian government wants to attract foreign investors after the lifting of sanctions on Tehran.  Iran has not seen any issues international bonds since the Islamic Revolution in late 1979.

He said the oil ministry website that Iran 's parliament on Saturday approved a clause in the Iranian year budget , which begins on March 21 , allows the Ministry of Petroleum bond offering three billion dollars denominated in Rial and hard currency.

He explained that under the last item in the new budget was approved on Saturday , the ministry can issue up to $ 50 trillion rials [$ 1.5 billion of bonds.

According to the text of the draft budget is used amounting to three billion dollars in bonds to pay off debts of the ministry and the list of bond projects amounting to 1.5 billion to finance oil and gas projects.

Samson:   Iran : Floating Exchange Rate Remains Ideal Choice

, February 26, 2017

When foreign exchange rates are unified, setting a fixed rate for it will be meaningless since foreign exchange rates, like any other commodity, are determined by supply and demand, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture said.

“If the forex rate follows a floating system, the market will set the rates, but fixing a rate for foreign exchange is like pulling a spring: the moment you let go of the pressure, the rates will bounce back,” Ferial Mostofi was also quoted as saying by IBENA.

In line with this, Valiollah Seif, the head of the Central Bank of Iran, said it is not the government’s policy to maintain a fixed forex regime but to make sure that the rates are determined by a balanced market condition and away from volatility.

CBI has indicated that it will not be able to unify the country’s official and open market exchange rates by March 20, as previously planned.

Iran has been living with two exchange rates for the Iranian rial for several years, which has both helped fuel corruption and hampered cross-border trade. Those with ready access to the official rate have been able to benefit from relatively cheap hard currency, while other individuals and businesses have had to pay a higher price via the open market.

Unifying the rates has been one of the key goals of the Iranian government. However, while the gap between the official and open market rates has narrowed, they remain entrenched.

The official exchange rate is currently 32,401 rials to the US dollar, while according to the Association of Bureau de Change Operators, the free market rate stands at 38,100 rials to the dollar.

CBI had earlier said it was aiming to have a single exchange rate by the end of the current Iranian year, which ends on March 20. However, Peyman Qorbani, a senior CBI official, told a press conference on February 19 that the continued lack of links between Iranian banks and their foreign counterparts meant it was unlikely to happen by the set date.

It is not clear when CBI will close the gap between the two forex rates.