Category: Finance

Millionday Friday Night News Part 1

Millionday News 7/11/14  Part 1

    Welcome to dinarupdates.com for news time with Millionday!

    [millionday] i have a lot of news for you and it is all good and draws a picture for us to where we are  –  very good news –   friday night used to be such a slack night for news but tonight is totally different

    millionday] i want everyone to get what news we have and why it is so very exciting

    [millionday] in fact it is the best we have had in a very long time imo  WHOOOPOW

    millionday] ok so its newstime and i am going to start with some that we had today so that you are up to speed as we move on to the new economic news

    [millionday] here we go  –   this is the announcement by CBI about the laws they have completed and also the changes that are being made and why
~~~

     [millionday] Iraqi Central Bank announced on Thursday, for the use of the payments system for the settlement of the instruments between governmental institutions and banking, adding that the system would ensure the safety and efficiency of payment systems and clearing operations.
The bank said in a statement received “Alsumaria News” a copy of it, that “the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation of processes settlement instruments and

    [millionday] note — this is the rest of the banking development needed for modern banking

    [millionday] payment orders between governmental institutions and banks electronically through the payments system Iraqi network which uses safe and effective.

” The bank added that “the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations.”

    [millionday] note — this announcement is that the electronic banking is set up and ready for payments that have been agreed on for Iraq and other countries — so this means it is hooked to the global banking and payment system through bank payments — all electronically and advanced most in the world according to CBI

    [millionday] The Bank noted that “the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments,” pointing out that “it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq.”

    [millionday] note — this means that making payments electronically to the countries they have made agreements with will be very easily found and noted through the data system by making electronic payments

    [millionday] It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004, and sought the central bank to develop the banks associated with it through the introduction of new technologies and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq.

    [millionday] notice that the announcement is that now money can be wired to and from Iraq through the globe with this automatic system that we are very accustomed to

    [millionday] end of report  WHOOOPOW  – obviously they will be exchanging through this system

    [millionday] now i brought this even though i brought it at roundtable so those that were not here are able to be up to date

    [millionday] the next new news tonight will be easier to understand its huge huge meaning  smile – this is very important and is to bring the system to a market system — so we will read all of it

    [millionday] Hashemi is promotion, which is one of the doors of marketing for the companies’ products, of the key things that move the market in the country,

as it comes for the purpose of coordination between the efforts of the seller to establish outlets for information and to facilitate the sale of a commodity or service.

In this context, said economic expert, Dr. appearance Mohammed Saleh, said that the Iraqi people trust too much industry and national production because the industry in Iraq is built on a solid foundation represented by obtaining concessions from major international companies specialized in different fields and standard specifications.

    [millionday] note — this is talking about the training that have been given for marketing the products throughout the globe for globalization

    [millionday] Saleh said in an interview (morning): The promotion is an important factor in the capitalist system to identify the products of different where the consumer Aastrae any commodity had not seen her declaration that in the media.

confirmed that this is a factor psychologically among the citizens so that has been associated with the promotion of goods closely linked to sales where fear the customer to buy any commodity did not pay attention to any announcement about regardless of price and origin.

Pointing out that the promotion also comes to discover the power of the market and demand for various goods and commodities.

    millionday] note — this is tomorrow`s news and is stating that marketing is the promotion of the Iraqi products to the globe and is very important so that market economy can be successful as they move to a market economy

    [millionday] note — this is helping them to understand the importance of the supply and demand that is the definition of a market economy

    [millionday] , and pointed out that “the inclusion of joint stock companies in the stock market has an important role and enhances its financial status and represents Troyja itself, thus leading to the strengthening of the economy to produce national has a broad base of Iraqi consumers who have a recipe unparalleled in the world, confidence Besnaathm national.

” and explained that “there is no surplus in industrial production, but where there is a significant shortfall because manufacturing does not contribute to the GDP, but by 2 percent, while this proportion increased to 12 percent in previous years.

    [millionday] note — the stock market values that are gained by the demand of the Iraqi products on the isx and soon the emx is very important to the gain of their currency power as is calculated by partly the gdp of the country as well

    [millionday] Noting that there are national companies characterized by its reputation of good in the market, and won the trust of the Iraqi consumer, experiencing strong competition in the market.

“And noted the benefit to” the existence of joint stock companies not listed on the stock exchange, adding that the country today need to achieve a revival in the economy is achieved in part the inclusion of these companies in the Iraqi market for securities because that will be part of its strength. “

    [millionday] note — Saleh is talking to the people of Iraq by stating that the listing on the isx will gain strength for the country by having the much demanded products listed on the isx for greater value for the country in the global market

    [millionday] In the countries of the world innovates Advertisers latest ways to promote and publicize products different, and it seems that the last thing opened up talent corporate advertising and propaganda for ways to promote represents the introduction of slogans major global companies within the games puzzles ( Charades), which requires the joint game know the name of the company or what is produced and characterized it.

    [millionday] note — he is stating that a good way to look at advertising is as in the game charades — as to explain their concept — he is also saying how important advertising is internationally for all products and is very important for their value and their revenues across the world

    [millionday] note –this has been seen in previous markets — in various ways and there are many ways to be chosen from to advertise their own products

    [millionday] contributes to the promotion, in the definition of a consumer product as well as provide information about the company and Item and abundance of brand and price and the uses of that commodity, and more importantly, he tempts the consumer impacts of certain psychological make it accept to buy or the acquisition of the product.

 noted that a number of Iraqi companies a distinct production, especially that the local market is hungry to Iraqi production, especially after he proved labs and private companies ability to meet part of the need of the market and, in particular food.

    millionday] this is to explain that the reason for advertising is to entice a person to want to try the product and this is very important for Iraq as their products are desired in the world market

    [millionday] very important with the announcement of electronic abilities and laws in place to move to a market economy

    [millionday] end of report  smile   WHOOOPOW

    [lstar877] Is the dinar now tradable throughout the globe?

    Topic: Look what’s coming… DINAR Talk INFO Call w/BGG – July 11th – 8:30pm CST Click-N-Listen!!

    [millionday] no — it is not internationally recognized but will have to have a reality pricing index to hit the market or the prices will not be fair or doable in the market

    [millionday] so in other words the pricing index will have to be appied to have international companies in there and manufacturing their products and also the prices that they already have in place –

 they have franchises being brought in — now if we think of that — how would that work without a calculted reality rate in place before it hits the market ?

    millionday] it would not hit the market through the internet — e-commerce — or the stocks without it being a fair trade — we have a global system in place that applies to the value of each countries currency value

    [millionday] that would also apply to any country that sells in the globe and is internationally recognized

    [millionday] at the imposed rate they are at now they are holding it through tools and showing stability and the ability to not just hit high inflation or go into a recession but the price is an imposed one for their currency at 1166 —- the rate that they will enter the globe at will be fairly calculated as all countries are so it is fair trade in the system

    [millionday] this has also been brought up in roundtable about the WTO and the rules that have been announced by CBI — as the paving of the way to a market economy and then to the wto

    [coyoteTx] ?? Anytime soon? Like within 30 days, or less?

    [millionday] coyoteTx they gave no time but it seems as though asking for marketing and announcing that they can trust that their products will succeed through advertising seems to be a show with the CBI laws they are stating with electronic banking to be not a long time or it would be a while imo before this would be needed as an expense
    [txoilman] Rate before WTO ? 44

    [millionday] the reality rate will be applied to their pricing index before they can actively trade through the world trade organization – WTO - 

this is very exciting  smile  brb with more

Comments may be made at the end of  Part 2  Thank You

Exogen: Iraq Has a Live International Exchange Rate Right Now-Today-Part 1 & 2

IRAQ HAS A LIVE INTERNATIONAL EXCHANGE RATE RIGHT NOW TODAY (PART 1)

Posted by EXOGEN on July 11, 2014 at 4:50pm

NOTE: THIS IS HOW THEY HAVE PAID FOR ALL THE CARGO SHIPS FILLED WITH CONTAINERS COMING IN GLOBALLY THAT ARE UNLOADING WITH PRODUCTS RIGHT NOW TODAY AND BEING DELIVERED TO ALL PROVINCES IN IRAQ………………

Forward rate agreement  From Wikipedia, the free encyclopedia

In finance, a forward rate agreement (FRA) is a forward contract, an over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date.
….
The contract will determine the rates to be used along with the termination date and notional value.[1]On this type of agreement, it is only the differential that is paid on the notional amount of the contract. It is paid on the effective date. The reference rate is fixed one or two days before the effective date, dependent on the market convention for the particular currency. FRAs are over-the counter derivatives. FRAs are very similar to swaps except that in a FRA a payment is only made once at maturity. Instruments such as interest rate swap could be viewed as a chain of FRAs.

Many banks and large corporations will use FRAs to hedge future interest or exchange rate exposure. The buyer hedges against the risk of rising interest rates, while the seller hedges against the risk of falling interest rates. Other parties that use Forward Rate Agreements are speculators purely looking to make bets on future directional changes in interest rates.[citation needed] The development swaps in the 1980s provided organisations with an alternative to FRAs for hedging and speculating.

In other words, a forward rate agreement (FRA) is a tailor-made, over-the-counter financial futures contract on short-term deposits. A FRA transaction is a contract between two parties to exchange payments on a deposit, called the Notional amount, to be determined on the basis of a short-term interest rate, referred to as the Reference rate, over a predetermined time period at a future date. FRA transactions are entered as a hedge against interest rate changes. The buyer of the contract locks in the interest rate in an effort to protect against an interest rate increase, while the seller protects against a possible interest rate decline. At maturity, no funds exchange hands; rather, the difference between the contracted interest rate and the market rate is exchanged. The buyer of the contract is paid if the reference rate is above the contracted rate, and the buyer pays to the seller if the reference rate is below the contracted rate. A company that seeks to hedge against a possible increase in interest rates would purchase FRAs, whereas a company that seeks an interest hedge against a possible decline of the rates would sell FRAs.

Contents

1 Payoff formula

2 FRAs Notation

3 References

4 See also

Payoff formula

The netted payment made at the effective date is as follows

The Fixed Rate is the rate at which the contract is agreed.

The Reference Rate is typically Euribor or LIBOR.

 is the day count fraction, i.e. the portion of a year over which the rates are calculated, using the day count convention used in the money markets in the underlying currency. For EUR and USD this is generally the number of days divided by 360, for GBP it is the number of days divided by 365 days.

The Fixed Rate and Reference Rate are rates that should accrue over a period starting on the effective date, and then paid at the end of the period (termination date). However, as the payment is already known at the beginning of the period, it is also paid at the beginning. This is why the discount factor is used in the denominator.

FRAs Notation

FRA Descriptive Notation and Interpretation

Notation

Effective Date from now

Termination Date from now

Underlying Rate

1 x 4

1 month

4 months

4-1 = 3 months LIBOR

1 x 7

1 month

7 months

7-1 = 6 months LIBOR

3 x 6

3 months

6 months

6-3 = 3 months LIBOR

3 x 9

3 months

9 months

9-3 = 6 months LIBOR

6 x 12

6 months

12 months

12-6 = 6 months LIBOR

12 x 18

12 months

18 months

18-12 = 6 months LIBOR

How to interpret a quote for FRA?

[US$ 3x9 - 3.25/3.50%p.a ] – means deposit interest starting 3 months from now for 6 month is 3.25% and borrowing interest rate starting 3 months from now for 6 month is 3.50% (see also bid–offer spread). Entering a “payer FRA” means paying the fixed rate (3.50% p.a.) and receiving a floating 6-month rate, while entering a “receiver FRA” means paying the same floating rate and receiving a fixed rate (3.25% p.a.).

Reference

Jump up^ http://www.investopedia.com/terms/f/fra.asp

See also

Forward rate

Derivative (finance)

List of finance topics

Forward Rate Agreements on Wikinvest

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IRAQ HAS A LIVE INTERNATIONAL EXCHANGE RATE TODAY (PART 2)

Posted by EXOGEN on July 11, 2014 at 5:14pm

THIS WILL GIVE YOU AN UNDERSTANDING OF HOW CARGO IS SHIPPED GLOBALLY FROM COUNTRY TO COUNTRY. DO YOU REALLY THINK A COUNTRY WOULD SHIP A CARGO SHIP TO IRAQ WITH NO PAYMENT IN FULL UP FRONT AND COMPLETE INSURANCE COVERAGE.

NOTE: THEY ARE UNLOADING INTERNATIONAL CARGO SHIPS RIGHT NOW IN IRAQ TODAY!!!!!!!!!!!

THERE IS A LIVE INTERNATIONAL EXCHANGE RATE IN IRAQ RIGHT NOW TODAY!!!!!

DO YOU THINK A BUSINESS , COMPANY OR COUNTRY WOULD TRUST IRAQ WITH AN IOU FOR A CARGO SHIP WHEN HISTORICALLY IRAQ IS ONE OF THE MOST CORRUPT COUNTRIES ON THE PLANET?

FOB (shipping)

From Wikipedia, the free encyclopedia

FOB is an acronym for “freight on board”. Responsibility for freight costs is determined by the suffix “Origin” or “Destination” after “FOB.” “FOB Origin” (also sometimes phrased as “FOB Shipping” or “FOB Shipping Point”) indicates that the sale is considered complete at the seller’s shipping dock, and thus the individual or organization buying the goods is responsible for freight costs/liability. With “FOB Destination,” the sale is complete at the buyer’s doorstep and the seller is responsible for freight costs/liability.

 [1] Specific terms of the agreement can vary widely, in particular which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred. The last distinction is important for determining liability or risk of loss for goods lost or damaged in transit from the seller to the buyer. International shipments typically use “FOB” as defined by the Incoterm standards, where it always stands for “free on board”. Domestic shipments within the United States or Canada often use a different meaning, specific to North America, which is inconsistent with the Incoterm standards.

North American FOB usage corresponds to Incoterms approximately as follows:

North America

Incoterm

FOB shipping point or FOB shipping point, freight collect

FCA shipping point

FOB shipping point, freight prepaid

CPT destination

FOB destination or FOB destination, freight prepaid

DAP destination

FOB destination, freight collect

FCA destination

Contents

1 Incoterm

2 North America

3 Accounting and auditing (FOB)

4 References

Incoterm

Further information: Incoterm

Under the Incoterms 2010 standard published by the International Chamber of Commerce, FOB stands for “Free On Board”, and is always used in conjunction with a port of loading.[2] Indicating “FOB port” means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freighttransport, insurance, unloading, and transportation from the arrival port to the final destination. The passing of risks occurs when the goods are loaded on board at the port of shipment.

The use of “FOB” originated in the days of sailing ships. When the ICC first wrote their guidelines for the use of the term in 1936,[3] the ship’s rail was often still relevant, as goods were often passed over the rail by hand. In 1954 in the case of Pyrene Co. Ltd. v. Scindia Navigation Co. Ltd.,[4] Justice Devlin, ruling on a matter relating to liability under an FOB contract, described the situation thus:

“Only the most enthusiastic lawyer could watch with satisfaction the spectacle of liabilities shifting uneasily as the cargo sways at the end of a derrick across a notional perpendicular projecting from the ship’s rail.”

In the modern era of containerization, the term “ship’s rail” is somewhat archaic for trade purposes as with a sealed shipping container there is no way of establishing when damage occurred after the container has been sealed. The standards have noted this. Incoterms 1990 stated, “When the ship’s rail serves no practical purpose, such as in the case of roll-on/roll-off or container traffic, the FCA term is more appropriate to use.” Incoterms 2000 adopted the wording, “If the parties do not intend to deliver the goods across the ship’s rail, the FCA term should be used.”[2] The criterion passing the ship’s rail is no longer in use, having been dropped from the FOB Incoterm in the 2010 revision.

For example, “FOB Vancouver” indicates that the seller will pay for transportation of the goods to the port of Vancouver, and the cost of loading the goods on to the cargo ship (this includes inland haulage, customs clearance, origin documentation charges, demurrage if any, origin port handling charges, in this case Vancouver). The buyer pays for all costs beyond that point (including unloading). Responsibility for the goods is with the seller until the goods are loaded on board the ship. Once the cargo is on board, the buyer assumes the risk.

Due to potential confusion with domestic North American usage of “FOB”, it is recommended that the use of Incoterms be explicitly specified, along with the edition of the standard.[5][6] For example, “FOB New York (Incoterms 2000)”. Incoterms apply primarily to international trade, not domestic trade within a given country.

North America

Within the United States, the term FOB is commonly used when shipping goods to indicate who pays loading and transportation costs, and/or the point at which the responsibility of the goods transfers from shipper to buyer.

“FOB shipping point” or “FOB origin” indicates the buyer pays shipping cost and takes responsibility for the goods when the goods leave the seller’s premises. “FOB destination” designates the seller will pay shipping costs and remain responsible for the goods until the buyer takes possession.[7]

Previously, under the Uniform Commercial Code, both “FOB origin” and “FOB destination” left the seller responsible for paying costs of loading goods on board the carrier; hence “free on board”. When the buyer was responsible for loading costs as well, the UCC term was “FAS”, “free alongside”.[8] Currently, the UCC has removed FOB and FAS leaving the definition of these terms up to the interpretation of the parties or the applicable state’s law. Many states have wholly or in part adopted the UCC terms without realizing that the UCC has abandoned the definitions.[9][not in citation given]

A related but separate term “CAP” (“customer-arranged pickup”) is used to denote that the buyer will arrange a carrier of their choice to pick the goods up at the seller’s premises, and the liability for any damage or loss belongs to the buyer.

Colloquially, FOB is often stated to mean ‘freight on board’ as a clarification. However this can actually be confusing and should be avoided as it is not conforming with specified terminology of the UCC.

Accounting and auditing (FOB)

In the past, you would be able to determine when title transferred for goods based on the FOB point. For example, at year- and period-end goods in transit under “FOB destination” (North American usage) appear on the seller’s balance sheet but not in the buyers balance sheet, as the risk and rewards of ownership change to the buyer at the “destination” port.

It is much easier to determine when title transfers by referring to the agreed upon terms and conditions of the transaction, typically, title passes with risk of loss. The transfer of title may occur at a different time (or event) than the FOB shipping term. The transfer of title is the element of revenue that determines who owns the goods and the applicable value.

Import fees when they reach the border of one country to enter the other country under the conditions of FOB destination are due at the customs port of the destination country.[10]

With the advent of e-commerce, most commercial electronic transactions occur under the terms of “FOB shipping point” or “FCA shipping point”.

References

Jump up^ “FOB shipping point definition”. AccountingCoach.com. Retrieved 2013-11-07.

^ Jump up to:a b “FOB Preamble” (PDF). International Chamber of Commerce. Retrieved 2008-10-01.

Jump up^ “Understanding Incoterms”. International Chamber of Commerce. Retrieved 2008-10-01.

Jump up^ “Pyrene Co. Ltd. v. Scindia Navigation Co. Ltd.”. QUEEN’S BENCH DIVISION [1954] 2 Q.B. 198.

Jump up^ “Incoterms FAQ”. International Chamber of Commerce. Retrieved 2008-10-01.

Jump up^ “Preambles to Incoterms 2000″. International Chamber of Commerce. Retrieved 2008-10-01.

Jump up^ “What is the significance of FOB Shipping Point and FOB Destination?”. AccountingCoach, LLC. 2006-07-12. Retrieved 2008-10-01.

Jump up^ “U.C.C. Sect. 2-319 F.O.B. and F.A.S. Terms”. Legal Information Institute, Cornell Law School. Retrieved 2011-01-06.

Jump up^ “U.C.C. – ARTICLE 2 – SALES (2003 Revision – WITHDRAWN) | U.C.C. – Uniform Commercial Code | LII / Legal Information Institute”. Law.cornell.edu. 2013-10-29. Retrieved 2013-11-07.

Jump up^ “What are FOB Shipping Terms?”. Simplestudies LLC. 2010-02-24. Retrieved 2010-02-24.

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Elizabeth W G.  July 11, 2014 at 5:50pm

I think this is the important part he is trying to get to us:

DO YOU THINK A BUSINESS , COMPANY OR COUNTRY WOULD TRUST IRAQ WITH AN IOU FOR A CARGO SHIP WHEN HISTORICALLY IRAQ IS ONE OF THE MOST CORRUPT COUNTRIES ON THE PLANET?

Go back to part 1 and read the last couple sentences and that is why this is all important!


Elizabeth W G >11, 2014 at 5:54pm this is actually the part I am referring to:

“In other words, a forward rate agreement (FRA) is a tailor-made, over-the-counter financial futures contract on short-term deposits. A FRA transaction is a contract between two parties to exchange payments on a deposit, called the Notional amount, to be determined on the basis of a short-term interest rate, referred to as the Reference rate, over a predetermined time period at a future date. FRA transactions are entered as a hedge against interest rate changes. The buyer of the contract locks in the interest rate in an effort to protect against an interest rate increase, while the seller protects against a possible interest rate decline. At maturity, no funds exchange hands; rather, the difference between the contracted interest rate and the market rate is exchanged. The buyer of the contract is paid if the reference rate is above the contracted rate, and the buyer pays to the seller if the reference rate is below the contracted rate.
A company that seeks to hedge against a possible increase in interest rates would purchase FRAs, whereas a company that seeks an interest hedge against a possible decline of the rates would sell FRAs.”

So surely Iraq cannot afford the interest rates put on this cargo without a major plan in place and rates being agreed on? right? hopefully! maybe?!!

Friday Morning Bits and Pieces

OOM&F:

[Papajack] Good Morning everybody.

[Papajack] I’m going to say some things here this morning because I think you folks are about the only ones mature enough to hear this and see it through the eyes of a believer. The problem with deception is you don’t know you are being deceived.

[Papajack] I just don’t want anybody to get blindsided and hurt by what is going on as sudden wealth can hurt you as much or more as it helps.

[Papajack] You must be aware of the things going on around you so you can make good decisions and OH BOY is there lots going on. I’m as guilty as anyone dreaming about how nice it will be to be wealthy but I am also aware that the times we live in are dangerous, much more so than ever.
….
[Papajack] This is not the America most of us grew up in, the good guys don’t just always win just because they are the good guys. The reality is this is the final battle between GOOD and EVIL and many of you were chosen as warriors in the end time battle. We are fighting evil at the highest level and they don’t fight fair. FAIR is a place with merry-go-rounds not the real world.

[Papajack] What does it profit a man that he should gain the whole world, and lose his own soul? Friends the traps are in front of us and they are REAL.

[Papajack] Our weapons are not carnal, but they are mighty through God, so we must stay focused. WISDOM is our greatest weapon so please pay attention to your surroundings. Things are not always as they appear.

[Papajack] The enemy has kept America enslaved since 1871, they are dug in and fortified, the system is rigged, the lame stream news media does not give any news only demonic propoganda. Good people are fighting to set things right but that doesn’t mean the playing field for us will be level so we can’t let our guard down.

[Papajack] We have a chance to do much good here, but we can’t waste it.

[Papajack] Yes we will get an RV, but remember Eygpt threw their gold at Israel as they were leaving and they wandered around the desert for 40 years, we don’t have that kind of time to play around.

[Papajack] IMHO what is going on at our Southern border is a planned invasion not a fluke, among the children are muslim operatives that want America destroyed for their MOON god. They are being helped by you know who and this is a Cabal operation AKA the bad guys. They attack christians, and the PTB work overtime to make sure christians are silenced because the only thing they really fear is a REAL christian, that’s you people!!!!

[drmemom] I JUST GOT A CALL FROM OKIE AND HE IS NOT A HAPPY MAN: Some idiot (yes, idiot!) sent out a tweet giving Okie and Tony’s phone numbers with instructions to call them to get the 800 number. His phone has been ringing constantly from people all over the US. He asked me to inform everyone that the fraudulent “wearethepeople” tweet must be ignored! And, stop calling Okie! He does NOT have 800 numbers!

[~dinarmama7] drmemom That is the second time that has happened. He is not happy is right. He has asked people to quit calling with the situation with Loretta to begin with. Respect the man. If he had the numbers he would post it and be done with all of this.

[Papajack] So let me remind you of a few names, SAMSON, CALAB, JOSHUA, and DAVID!!!!!! not to mention PETER, PAUL, and JOHN. Is your name going to be among them? Because I’m not going to be turning the other cheek when these uncircumcised philistines start messing with my family. This is serious folks, they don’t play fair.

[Papajack] I’ll let you all get back to your chat, but I’m driven to sound a clear trumpet, that’s my job. We are close or you know they wouldn’t be doing OKIE that way. BLESSINGS!!!!!

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

Stage3Alpha:

Exogen:   7-10-2014    Poppy3    I DON’T THINK WE WILL SEE ANY RATE TILL AFTER THE NEW PM IS NAMED AND THE GOI IS SEATED BUT I FULLY BELIEVE THAT ABSOLUTELY THE MINUTE THE NEW PM IS SEATED FROM THAT MOMENT FORWARD THE RV CAN TAKE PLACE AT ANYTIME FORWARD.   WE ARE IN GOOD SHAPE IF ALL GOES WELL SUNDAY AND THERE IS NO REASON AT THIS TIME THAT SHOULD CAUSE A PROBLEM. WE NEED TO KEEP EYES AND EARS OPEN ABOUT MALIKI’S ACTIONS IN THE NEXT FEW DAYS

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

GET:

Topic: GET yer stuff together!… including your hands in prayer… expect a blessing! Praise God!

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Dinar Chronicles:

Thursday’s, July 10 Highlights from Stage3Alpha

Iraqi Dinar Revaluation and Global Currency Reset News  ~ Dinar Chronicles

>>>↓↓<<<

Stage3Alpha:

Tidbit from OMEGAMAN  July 10, 2014

OMEGAMAN:TRUTH IS: NOBODY knows exactly when the TRN’S will be released; nobody knows exactly when the RV/GCR will be Public: nobody KNOWS when the REPUBLIC will be LIVE; BUT THIS I KNOW; we are within 2 weeks; and I believe MUCH SOONER; IMO we are within a 5 day window, or less…BE EXCITED, be very excited, for WE ARE AT THE .25″ LINE…

<><><>

Chatter from Stage3Alpha with Ranger4564, Mark & EXOGEN
July 10, 2014

Ranger4564:Float…Reinstatement moving forward.
First rate Sunday’s RV.Top tiers rocketing ahead with first rate locked in.

Maliki is meeting with US officials about his third term right now, (more like third rate)

Maliki sold Qatar, Qatar sold bonds. (wild guess)
TRN is alive, again. (9 lives).
Waiting on Prosperity, (aren’t we all), packages and gold certificates.

Platforms … (missing link)
Look for Sunday GCR.

Mark:It sounds like the setting for a Perfect GCR Storm and it’s about to unleash:

1. Maliki setting up exit strategy just in case
2.USA strong on Kurdistan
3.Threats to invade by ISIS
4. Megaships loaded with merchandise to be bought with Qi cards (with what money?)
5. Kurdistan threatening independent currency and government
6. Now CBS has fully functional e-commerce capability! !
Solution: solve the economic crisis, get into the international game, and most of the problems will solve themselves.

Thanks Exo. Go RV/GCR

EXOGEN:
So many on this site focused on the Maliki article yet have not even looked at the GIGANTIC news and press release from the CBI Today,

Mr. Bond:
In case anyone missed it….. Alsumaria News / Baghdad
Iraqi Central Bank announced on Thursday, for the use of the payments system for the settlement of the instruments between governmental institutions and banking, adding that the system would ensure the safety and efficiency of payment systems and clearing operations. The bank said in a statement received “Alsumaria News” a copy of it, that “the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation of processes settlement instruments and payment orders between governmental institutions and banks electronically through the payments system Iraqi network which uses safe and effective. ” The bank added that “the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations.” The Bank noted that “the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments,” pointing out that “it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq.” It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004, and sought the central bank to develop the banks associated with it through the introduction of new technologies and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq.

Nana7:
Yes, I posted the cbi press release this morning. It is HUGE!

EXOGEN:
What Maliki is doing is not different than any other Dictator or Power Hungry Gangster/Bankster would do.  If you pay close attention to the last IRAQ news threads you would see plans are being put in place for Sunday meeting.   If Maliki can close a deal for a Third term, essentially he would be there as a figurehead but he would have no POWER. He would become closer to a USA President and Government, run, operated and managed by the Shadow Government

*******

GUESSES TO EXOGEN INTEL/CLUES & IMAGES AT 11: 09 AM EST, 10 JULY

EXOGEN:
Let me put this in SIMPLE WORDS. Maliki us working on a THIRD TERM DEAL RIGHT NOW!!!

Vinman:
Maliki just closed on a house in Qatar?
TRNs are live.
Waiting on prosperity packages and gold certificates.

Vinman: Floating RI rate moving forward.
Sunday RV -  rate tiers skyrocketing.
Street rate now locked.

****************************
Emailed to Recaps:

10 Hotels with Private Beaches you will never want to leave;
http://www.tripadvisor.com/TripNews-a_ctr.privatebeachesEN

25 Landmarks of the world that you much see!
http://www.tripadvisor.com/TravelersChoice-Attractions-cLandmarks-g1-a_Mode.expanded

News Of Erbil Stock Exchange In Iraq

News Articles From KTFA With Highlighted Portions From JJONESMX & SAGER

  JJONESMX wrote on July 10th, 2014, 9:13 pm:

    Erbil Stock Exchange to be opened in August

    Image

    Erbil market for securities board said that it has held a joint conference with the international financial institutions to mobilize financial and moral support to open the market next August.

    “The capital of Kurdistan region of Iraq Erbil witnessed the start of work of the International finance Cooperation (IFC) and Erbil market for securities,” According to a statement posted on Kurdistan Regional Government Site , briefed by ” Shafaq News “.

     Shirwan Anwar, Deputy Administrative Board of Erbil market for securities said in a statement on the sidelines of the conference that the conference aims to rally material and moral support to the local and external opening of Erbil Stock Exchange Securities.

    He added that there are currently 56 financial companies, chambers of commerce and industry with all of the Ministry of Finance and Economy, the Ministry of Justice, the Ministry of Martyrs and Anfal Affairs in the government of the region involved in this market.

    He pointed out that the market is scheduled to open at the end of next August.

    (IFC), is a member of the World Bank Group which is the largest development international institution as its work in more than 100 developing countries for companies and financial institutions allows to create jobs, generate tax revenues , improve corporate governance and environmental performance and contribute to the communities in which they operate .

    Talking about the establishment of exchange market in Kurdistan has taken place for years to be based in Erbil.

    In 2008, the Kurdistan Regional Government said that the upcoming bourse will be independent of the Baghdad Stock Exchange, taking care to find understanding and agree to work between the two exchanges.

    It is hoped that the Government of the region would contribute with 20 percent of the shares of stock to ensure adequate support for its work, before embarking on a sale of the remaining shares in the market in accordance with the law prepared for this purpose.

    Kurdistan has become a major center of attraction for capital and investors in the Middle East, where investors come for business opportunities available in energy, reconstruction or other fields and take advantage of privileges granted by the Government of the Region under the Investment Law.

    The stability of the region also played a prominent role in the qualitative development witnessed by the various sectors of the economy.

    Shafaq News    23 April

    http://www.ifpinfo.com/Finance%20&%20Banking%20-NewsArticle-4499#.U785upRdXIc

Image

ERBIL STOCK EXCHANGE LAUNCH THIS YEAR, AS ECONOMY SURGES AHEAD

4/28/2014 ERBIL, Kurdistan Region – The Erbil Stock Exchange (ESX) plans to launch by the end of the year, making it the autonomous Iraqi Kurdistan Region’s first private joint-stock market.

While there are other exchanges in Iraq, this will be the first in the northern Kurdish enclave. Its primary focus is on listing Kurdish companies, although it also fashions itself as a secure gateway to the greater Iraqi market. Initial plans are to focus on equities trade (stocks), although energy companies have expressed interest in issuing corporate bonds on the exchange.

The birth of ESX comes amid an economic boom in the Kurdistan Region, the only calm and secure portion of violence-torn Iraq and a thriving business hub.

Foreign companies, including international energy giants, are attracted by opportunities locally, and are increasingly keen on using Kurdistan as a gateway for opportunities in the rest of Iraq. Shwan Taha, chairman of Iraq’s largest brokerage house, Rabee Securities, suggests a stock market could attract a new level of foreign capital. “The trade relationship with Turkey is very important.

But as far as investments in Kurdistan and Iraq, we haven‘t really started foreign investment. Even Turkish companies haven’t invested in Kurdistan massively yet.

We’re just at the tip of the iceberg.” According to recent government figures, the volume of investment in the region has reached $37 billion, some 80 percent of which is local. Kurdistan still remains a largely cash economy, where many people distrust banks and prefer to hoard cash in their homes.

Yet, they are looking for a way to put their money to work, aware it is unsafe and unproductive inside their proverbial mattresses. It is common for Kurdish investors to park their money in real estate.

Not everyone, however, expects property values to rise forever. Many seek to diversify their asset portfolio, piquing curiosity in the idea of a stock exchange. The primary challenge for ESX is encouraging Kurdistan’s many family companies to “go public.” An initial public offering (IPO) can raise capital for businesses, but it also requires transparent accounts.

“There is curiosity but also concern. When you become joint stock, you have to make your finances public. Kurdish people are very private, especially when it comes to finances,” according to Jehan Akrayi, manager of the ESX’s Broker-Dealer Department.

In order to explain how an IPO can benefit companies and address the concerns of skeptics, ESX has held workshops, seminars, and conferences for potential issuers of stock. They have even gone to universities to educate the younger generation about how a stock market works.

 Taha emphasizes that the ESX needs to engage only a small section of society right now: Those who can list on the exchange, and those with lots of cash to invest. “What we need is to educate institutions that the stock market is a good thing.

This means insurance companies, banks, pension funds and the large families in Iraq who can actually buy significant shares of a company. Dabbling in stocks isn’t everybody’s business.”

“The majority of the population doesn’t understand what it means to own a share in a company, what your rights are, and what you get for it. You have to compare your average person on the street with somebody in Turkey in the 80s or in Dubai in the early 90s.” Even so, more than just a few rich individuals and companies could benefit.

A robust stock exchange would strengthen the Kurdish social security system, allowing pension funds to invest in the expanding economy. Taha emphasizes that a population boom is underway, and that Kurdistan should make the most of its petrodollars in anticipation of an ageing population.

 “As a resource-rich economy where the majority of the population is young today, we have to look at the future. We need a good pension system that could provide for this generation when the tide turns.”

“In Kurdistan, we need huge investment. We can’t just provide that from exporting oil. In the coming 20-30 years we need to bring a lot of leverage in and have a thriving stock market whereby we can attract foreign capital interest.”

Expanding the Kurdish financial system is also a hedge against political instability, transferring economic power from the public to the private sector. The region has been locked in a dispute with Baghdad over oil revenues and marketing rights.

 The Iraqi Prime Minister Nuri al-Maliki has pulled the plug on funding to the Kurdistan Regional Government (KRG), delaying the delivery of state salaries, pensions, and public projects. Half-empty bazaars are a reminder that one in every 2.5 people in the region rely on government funds.

A stronger private sector would hedge against further meddling. Lukman Surji, director of communications at ESX, admits that the economy has been hurt by tensions with the Iraqi capital.

“It is affecting us. But is it permanent? No. Baghdad has two choices: give us our salary or we settle our own law. We don’t want to be independent, but if you don’t want us to be a part of Iraq, we will find ways to take care of ourselves. Kurds survive.” Like Erbil itself, the exchange is growing quickly.

It is looking to expand from 20 to 50 employees in the next months, although it still has to flesh out its spare headquarters, which quite noticeably is missing a lobby. The small team is working with an American consulting firm, Louis Borger Group Inc., to prepare for the launch.

ESX signed a five-year contract with NASDAQ OMX in October to use its state of the art “X-stream” trade platform. Employees and management have been training and exchanging expertise with the Dubai Financial Market since 2012. ESX has $8 million in initial capitalization and 56 shareholders, primarily from the private sector.

 The first financial instruments were invented in this area 5,000 years ago, when clay tablets served as transferable promissory notes for deliveries of goods like barley or silver. Today, one part of modern Mesopotamia is poised return to the forefront of financial innovation.

http://www.erbil-esx.com/Default.aspx?page=article&c=ticker&id=668

ERBIL STOCK EXCHANGE (ESX) HAS ENTERED INTO AN AGREEMENT WITH KITS COMPANY

5/6/2014 March 13, 2014

Image

ERBIL-Hewlêr, Kurdistan region ‘Iraq’,— Erbil Stock Exchange (ESX) in Iraq’s Kurdistan region has entered into an agreement with the KITS Company to implement data centers and associated network components.

The contract that was signed by Mr. Abdullah Abdulrahim, chairman of ESX and Mr. Rebaz, General Manager of KITS. Company Under the terms of the agreement KITS to provide Network Design, Data centers, IBM, hardware, Cisco systems and other supporting equipments for NASDAQ OMX, X-Stream trading platform. Plus, technical and maintenance support during and after the implementation process.

This project is in support of the deployment of Nasdaq’s trading system X-STREAM which was adoptedwww.Ekurd.net by the exchange. “X-STREAM is a robust trading engine and it is extremely important that we put in place a sophisticated infrastructure to ensure we have a trading environment at its best performance” Said Ahmed Zaki, ICT director at ESX.

“We are very pleased to be supporting ESX through our services and technology. Kurdistan is fast becoming a magnet for foreign investors as it begins a new dawn.

KURDISTAN’S capital market is one of the most important markets in the region, and we feel ESX is in an even stronger position to continue its strong growth and attract new foreign and domestic investors through operating our technology,” said Rebaz Abu Bakr Rufaat, General Manager of KITS Company.

Erbil Stock Exchange Media Contact

Lukman Surji

http://www.erbil-esx.com/Default.aspx?page=article&c=ticker&id=688

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

Post by Sager » July 10th, 2014, 9:35 pm  •  [Post 44]

ERBIL STOCK EXCHANGE – Erbil – Iraq Press -24 June: approved Arab Federation of Exchanges (AFE) to join the market Arbil Securities Union membership.

Having participated Erbil market for securities for the first time in early June of this at the annual meeting of the Union of Arab Stock Exchanges, which was held in Dubai, called Arbil to accept membership in the Arab Union, the Union has responded positively to the demand.

Abdullah said Ahmed Abdel Rahim Chairman of the Administrative Council of the market Arbil Securities in a press statement that “we demanded admission of market Arbil in the Union of Arab Stock Exchanges, has requested that international organization to study the demand and see the biography of Arbil Stock Exchange, and the reply was in the affirmative by the union to accept the membership of Arbil “.

He added: “Neil Auah Arab Union would initiate the doors to Erbil Stock Exchange, and our staff could participate in training and development courses and benefit from the experiences of members of the Union in promoting the work of the market.”

The mean organic market in Erbil Union of Arab Stock Exchanges, has allowed the opportunity to Arbil for the transfer of expertise through meetings and conferences qualifying sessions and development that are held for members, as well as the preparation of research and economic studies necessary for the success of the development of market Arbil. “

With regard to the affairs and functions of the Stock Exchange of Arbil, said Abdul Rahim said that “market Arbil working on plans in accordance with the Arab Stock Exchange, and waiting for the system to work from a company (NASDAQ Aumiks) the end of August / August next year.”

He said the managing director of Arbil Stock Exchange that “in the absence of objection impediments to work, it is expected to be the opening of Arbil Stock Exchange later this year, and work on the buying and selling shares of companies, especially that there are large numbers of well-known companies registered in Burstna gave guarantees and credits required, and expected that the majority of companies involved in the Kurdistan region in Erbil Stock Exchange. “

He reported that the “transactions for the purchase of shares of companies will be in Iraqi dinars, we do not believe that the opening of the stock market will have an impact on the rise or decline of the dinar or the dollar.” Noting that “accession to the EU market Arbil, the number of members of the Arab Union of 18 members.”

It is worth mentioning that the Erbil market for securities was a proposal from the private sector to support the government of the Kurdistan region, and for the upgrading of Kurdistan to be a gateway for investment in Iraq, and encourage companies to promote the economic reality and deal its shares. Ended. Q.

http://www.iraqpressagency.com/?p=70612&lang=ar

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

Post From KTFA By Jonesmax: 

FRANK SIR, THIS ONE LINE IS INTERESTING….. :hmmm: JJ

“By the end of July they will hand over the system to us. “

END OF A LONG PROCESS NEARS AS IRAQI KURDISTAN’S ESX CHIEF PREDICTS BRIGHT FUTURE

5/6/2014 February 22, 2014   Image

ERBIL-Hewlêr, Kurdistan region ‘Iraq’,— The Erbil Stock Exchange (ESX) aims to be up and running in a few months time. Here, Abdullah Abdulraheem, the chairman of the ESX, talks exclusively to The National about the exchange and his plans.

How close are you and your team to the launch of the Erbil Stock Exchange?

We are in the final quarter of the set up stage but, of course, it has been a long process. It was first raised in 2007 and 2008 by [Massoud Barzani, the president of Iraqi Kurdistan], who wanted to know if we could launch a joint exchange with Baghdad.

We held two or three conferences and decided that there was room for a new stock exchange in Iraq aside from the ISX [Iraq Stock Exchange]. We are now looking at a launch at the end of August or September.

What is the reason for the delay?

We are a little bit delayed but this was for our own sake. Due to our lack of knowledge we asked for assistance, which I think will attract more international investors. We are in a better position now, and I think that is good for all sides.

 We have asked for assistance from Nasdaq OMX and on February 21 the their team will arrive in Erbil and bring a copy of the system here to be installed. Their staff will train our staff for two weeks. By the end of July they will hand over the system to us. We need one or two months to get ready after that.

What are your expectations in terms of initial public offerings?

We don’t expect to have a lot of IPOs in the first year. I expect between five to 10 in the first year. We have identified various sectors: we have two or three banks, two or three companies in agriculture and some in thewww.Ekurd.net industrial sector.

 And going forward, we have many international oil companies in the Kurdistan region that we will try and attract too, to get them involved. I do not believe this is [too ambitious].

[The UAE’s] Emaar could be listed both here and in Dubai, for example, and [Shrajah-based] Dana Gas as could [firms such as] Pepsi [in Erbil and New York].

Will the ISX and ESX be rivals?

For sure, each stock exchange would like to be the winner and both of us would like to keep the companies that are listed on our exchanges.

My expectation is that there are about 85 companies that are listed on the ISX that would be keen to cancel their listing there and join the ESX. But we would like to take part or contribute to the boom of the Iraqi economy in general.

Is there another stock exchange that the ESX has looked at to imitate?

Of course, if we imitate anyone we would want to imitate the successful ones. Last year we had a field visit to Dubai. We stayed about three or four days and had a look at how it works. At the end of our visit we signed a [memorandum of understanding].

What kind of investors are you targeting at the ESX?

Our goal is to bring in money, which is not invested, to flush it into the market. We want to attract both retail and institutional investors, of course, but one of the reasons that many people keep their cash at home and don’t like to deposit it in banks because of their beliefs –

 they think it is not right, under Sharia for example – we’d like to persuade them otherwise. But the second goal is to make it a channel to bring in international investment in the region.

We want international, non-Iraqi investment through this. There is a stable situation here in Kurdistan, unlike the rest of Iraq. We don’t want people to hesitate to invest here.

Is it difficult to persuade family-owned companies to go public?

It is not easy but we are trying to convince them. We want to convince them through the media, and so on that by going through IPOs and becoming joint stock companies you can raise a lot more funds and you can create jobs also.

What do you see as the role of the ESX in the economy of Iraqi Kurdistan more generally?

It is important for the economy more generally of course; this is a good qualitative step. It’s a turning point.

http://www.erbil-esx.com/Default.aspx?page=article&c=ticker&id=688

JJONESMX

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

Post  From KTFA by Sager » July 10th, 2014, 10:16 pm  •  [Post 58]

FRANK HERE’S THE ARTICLE I MENTIONED ABOUT ESX USING DINARS

ERBIL STOCK EXCHANGE – Erbil – Iraq Press -24 June: approved Arab Federation of Exchanges (AFE) to join the market Arbil Securities Union membership.

Having participated Erbil market for securities for the first time in early June of this at the annual meeting of the Union of Arab Stock Exchanges, which was held in Dubai, called Arbil to accept membership in the Arab Union, the Union has responded positively to the demand.

Abdullah said Ahmed Abdel Rahim Chairman of the Administrative Council of the market Arbil Securities in a press statement that “we demanded admission of market Arbil in the Union of Arab Stock Exchanges, has requested that international organization to study the demand and see the biography of Arbil Stock Exchange, and the reply was in the affirmative by the union to accept the membership of Arbil “.

He added: “Neil Auah Arab Union would initiate the doors to Erbil Stock Exchange, and our staff could participate in training and development courses and benefit from the experiences of members of the Union in promoting the work of the market.”

The mean organic market in Erbil Union of Arab Stock Exchanges, has allowed the opportunity to Arbil for the transfer of expertise through meetings and conferences qualifying sessions and development that are held for members, as well as the preparation of research and economic studies necessary for the success of the development of market Arbil. “

With regard to the affairs and functions of the Stock Exchange of Arbil, said Abdul Rahim said that “market Arbil working on plans in accordance with the Arab Stock Exchange, and waiting for the system to work from a company (NASDAQ Aumiks) the end of August / August next year.”

He said the managing director of Arbil Stock Exchange that “in the absence of objection impediments to work, it is expected to be the opening of Arbil Stock Exchange later this year, and work on the buying and selling shares of companies, especially that there are large numbers of well-known companies registered in Burstna gave guarantees and credits required, and expected that the majority of companies involved in the Kurdistan region in Erbil Stock Exchange. “

He reported that the “transactions for the purchase of shares of companies will be in Iraqi dinars, we do not believe that the opening of the stock market will have an impact on the rise or decline of the dinar or the dollar.” Noting that “accession to the EU market Arbil, the number of members of the Arab Union of 18 members.”

It is worth mentioning that the Erbil market for securities was a proposal from the private sector to support the government of the Kurdistan region, and for the upgrading of Kurdistan to be a gateway for investment in Iraq, and encourage companies to promote the economic reality and deal its shares. Ended. Q.

http://www.iraqpressagency.com/?p=70612&lang=ar

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

 Post From KTFA by JJONESMX » July 10th, 2014, 10:29 pm  •  [Post 61]

Frank Sir….JJ

iraqi constitution says iraqi govt is now illegal – but does anybody care?

niqash | Mustafa Habib | Baghdad | 10.07.2014 Iraq’s Parliament in Baghdad, scene of multiple violations of the Iraqi Constitution recently.

After last week’s abject failure by the new Iraqi Parliament to achieve anything, the country is now being run by an illegal government operating in a power vacuum. Meanwhile Parliament cannot manage any business and merrily violates the Iraqi Constitution it once wrote, several times, in one single session. And nobody seems to care.

The Iraqi Parliament held its first session after the country’s recent general elections on July 1. The different groups inside Parliament – Iraq’s Sunni and Shiite Muslims, the Iraqi Kurdish and the various smaller ethnic groups – were supposed to agree which politicians would hold the country’s most senior positions. This included the Speaker of Parliament as well as a new President and Prime Minister. But they did not.

Instead there was fighting about budgets and positions and after a recess, many MPs stayed away from the final part of the session. All of this is happening because Iraq’s politicians have grown used to violating their own national Constitution, a Constitution the Parliament itself ratified.

Several articles of the Iraqi Constitution were violated at that July 1 meeting. The first was the failure of MPs to choose a permanent Speaker of the House.

Article 55 of the Constitution says: “The Council of Representatives shall elect in its first session its speaker, then his first deputy and second deputy, by an absolute majority of the total number of the Council members by direct secret ballot”.

This didn’t happen because as Iraqi political expert Reidar Visser wrote on his website: “When the session resumed, many of the 255 deputies that had been present at the outset failed to show up.

What apparently had happened was that Kurds and Sunni Arabs deliberately boycotted … with suggestions that both protested what they saw as a failure by the Shiite alliance to come up with a replacement candidate for Nouri al-Maliki as premier. What was clear, at any rate, was that there was no speaker candidate.”

The session ended after the temporary Speaker of the House agreed with the Shiite Muslim politicians still present at the end as to when the next session of Parliament might be. Concluding the session without a new Speaker was a constitutional violation – it should have gone on until one was chosen.

“It would now be easy to challenge the constitutionality of that first session of Parliament,” says Nasser Jamil, a local legal expert. “It could be considered void,” he told NIQASH. “Although I am sure the politicians won’t contest the session because they themselves approved of the violations and asked the temporary Speaker to conclude the session.”

And there were further violations. The first session of Parliament was attended by 255 MPs out of a total of 328 which means that 73 of them didn’t take an oath of office as is stipulated by Article 50 of the Iraqi Constitution.

Additionally some of the politicians who did take the oath of office are actually still in office. This is a further violation of Article 49 of the Constitution which says that, “it is not permissible to combine membership in [Parliament] with any work or other official position”.

 Some of the politicians present on July 1 have yet to resign and are still holding their government jobs – this includes Iraq’s Prime Minister, along with several other senior ministers.

And now that Parliament has failed to elect a new Speaker of the House, the Constitution itself is a problem once again. Local legal experts say that its wording is too general and it doesn’t provide any clarification as to what should happen if it is violated – as it was on July 1. Nor does it stipulate what sorts of penalties there might be for violations.

There is a generally acknowledged need for constitutional ambiguities to be amended or to be clarified by new laws – however Iraqi politicians have failed to pass the needed laws or amendments.

On the other hand, political experience in Iraq after 2003 has shown that it is almost impossible to stay true to the time frames that the Constitution demands. Nothing gets done quickly because everything requires lengthy discussions and negotiations between those three biggest components in the Iraqi Parliament – the Shiite and Sunni Muslims and the Iraqi Kurdish – before anything gets done.

It is already clear that it is going to take weeks, if not months, to choose the most senior members of the Iraqi Parliament. After elections in 2010, it took seven months before the new government was formed.

Nor does the Iraqi Constitution give politicians any idea how to proceed when the country is in a state of crisis, as it currently is.

Which brings up yet another cause for constitutional concern: The current Iraqi government should have suspended its work while the new government was being formed. And because Parliament has not managed to convene, the current government is actually continuing its work without any constitutional basis.

Since March 25, 2014, al-Maliki’s government has been operating without any supervision from the country’s elected representatives. That was the date of the last Parliamentary session before general elections. Basically al-Maliki’s government is operating in a power vacuum, with no checks and balances.

It is true that Iraq’s politicians have never been too careful about doing as the Iraqi Constitution says.

There are several high profile examples of this, including violations of Article 140 which deals with the disputed territories – that is, territory that both Iraq’s Arabs and Iraq’s Kurdish want to claim as their own.

The Constitution says this issue should have been dealt with by the end of 2007. Seven years later, nothing has really changed – even though the Iraqi Kurds have now taken control of some of the disputed territory they have always wanted, thanks to the Sunni Muslim extremists.

In other democracies, constitutional violations such as those practised by Iraq’s politicians would have been punished, early elections would have been called, legal authorities would have stepped in or leaders would have been impeached. But not in Iraq.

And it seems as though now, there are more violations of the Iraqi Constitution than ever. Yet because everyone – from journalists to politicians to voters – is so used to the flouting of laws like this, such violations are simply accepted while politicians only care about who gets the best jobs and most power.

The next session of Parliament is to be held next week – on July 13 – but nobody seems confident about its abilities to find a new Speaker of the House and two deputies.

All of this – combined with the political power vacuum and an illegal government – is not helping to confront the threat posed to the whole country by Sunni Muslim extremist groups. Which may well make them the biggest winners right now.

It is fairly obvious that the Iraqi people are not.

http://www.niqash.org/articles/?id=3492

Post From KTFA by Sager » July 10th, 2014, 11:17 pm  •  [Post 69]

Kurdistan Regional Government – Disable the official working hours on Sunday and Monday of next week

Khandan – Kurdistan Regional Government has decided to disable the official working hours on Sunday and Monday of next week, in all government departments and institutions in the Kurdistan region.
A spokesman for the Kurdistan Regional Government Sven Dzia in a statement to the official website of the provincial government, said that on Sunday and Monday, 13 and July 14, an official holiday in all departments and institutions of the Kurdistan Regional Government.

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fxendan.org%2Farabic%2F&edit-text=&act=url

Rumors and Opinions Late Wed.PM/ Early Thurs.AM

Early Thursday Morning

Stage3Alpha:

Jason Isham July 10, 2014 CAN ANYONE SEE THE STATUS OF IRAQ ON THE WTO SITE AND IF NOT WHY….AS WE KNOW THIS IS DONE BUT WE ARE BEING BLOCKED FROM SEEING SO REACH OUT TO FRIENDS AND FAMILY IN OTHER COUNTRIES ASK FOR THEIR HELP TO SEE
THE WAY I SEE IT THERE SHOULD BE INFORMATION FOR US TO LOOK AT AND VERIFY ……

Dennis B. Drake > Jason Isham July 10, 2014 They do not want the Public majority to see whats happening DUH

PDiddy > Aura Blue July 10, 2014 I saw the WTO doc last year with the stipulations and deadline date of later this week…They are blocking EVERYTHING that has anything to do with this.

Aura Blue > PDiddy July 10, 2014 Considering that there are only 2 days left in the week is quite encouraging!   Thanks for that tidbit PD :-)
….
PDiddy > Aura Blue July 10, 2014 I want everyone to remember what I said from Tuesday and yesterday… and to know that what I said I was told by not only every intel contact I had, but every contact that I know who has a credible Intel contact that everything is ready for the exchange button… Tuesday I said the question is when they want to roll this out.. Middle of the week or wait till the weekend and do Fri night/Sat AM 800#s with appts set for Mon-Wed. I think we’re there… in the grand scheme of things will I care about the 2 days when I go from a VND/IQD millionaire to a TRN millionaire worth a few hundred million?

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

I4U:

[ByGrace] Nobody asked me, but my personal theory is that M is gone, but that his real location is different than that which is publicized. A “shrewd dude” with a past like his is not going to go waltzing into some pre-disclosed location to live quietly and happily ever-after. Do not inhale the smoke. IMHO

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GET:

Topic: He who tampers with the currency robs labor of its bread. Daniel Webster

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Late Wednesday Night:

I4U:

MarkZ Tweet@originalmarkz: I look at BRICS meeting the 15th as more of a backwall… I do hate that word though…

[SpecialAgentGibbs] Then there is the news article that xyz posted this AM…. http://tinyurl.com/o34vogc  

[Dinarblessed] SpecialAgentGibbs Regarding Maliki and a 3rd term?

[Dinarblessed] SpecialAgentGibbs Often wonder if their press is as controlled as ours…..

[SpecialAgentGibbs] Who knows what to beleive anymore… M was booted, M got a third term….

 [Dinarblessed] SpecialAgentGibbs Yes and look at Talibani, how many times did they say he had passed…… and then he showed up the next day….. makes you go hmmmmmm……

[WCW] SpecialAgentGibbs i dont put a lot of trust in some of the papers in iraq m owns them and tell s them what to put. i am waiting on my e-mail that s all the proof i need

********

[SpecialAgentGibbs] I see that the world’s attention is being directed onto a very narrow target while something more is going on beyond the limelight

 [highlander65] SpecialAgentGibbs yea we are looking at Israel now …. lol

 [geoworld] SAG M is cook camel stew in London. lol

 [SpecialAgentGibbs] geoworld so we are told

[SpecialAgentGibbs] I’m noticing boatloads of slippery setting new courses

[geoworld] SAG I believe everything I’m told on the Internet. Lol

 [SpecialAgentGibbs] geoworld bonjour

[SpecialAgentGibbs] Follow the money??? I say follow the black gold.

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

KTFA:

another mailman:  Hi Frank! Have the people been given a time frame for when they will be able to use their Qi Cards?

Frank26:   Yes ………. But they did not keep that time frame.

IMO …….. It is good they are almost all distributed.

KTFA,   Frank….. Socks …. Then Shoes.

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

walkongstick :  Central uses the electronic payment system for the settlement of the instruments between governmental institutions and banking

Thu Jul 10 2014 3:28 p.m. | (Voice of Iraq) – Add a comment – Sumerian News / Baghdad

Central Bank of Iraq, on Thursday, for the use of the payments system for the settlement of the instruments between governmental institutions and banking, adding that the system would ensure the safety and efficiency of payment systems and operations clearing. , the bank said in a statement received “Alsumaria News” a copy of it, that “the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and money circulation, has been taking a number of measures in the automation of processes settlement instruments and payment orders between governmental institutions and banks electronically through the payments system of Iraq, which uses a network safe and effective. ” the bank said, “the system will allow the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing.” the Bank noted that “the Ministry of Finance has adopted this system in obtaining dues from institutions different instead of instruments, “pointing out that” it is considered a key step in the way of mechanization overall per financial transactions and means of performing the obligations in Iraq. ” It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines , did not enter the Internet until after the year 2004, the central bank seeks to develop the banks associated with it through the introduction of new technologies and linking banks globally automatically, to facilitate the process of transfer of funds to and from Iraq.

Read more: http://sotaliraq.com/mobile-news.php?id=157112#ixzz374ZkOMv0

**********

Moneytalks1:   THis is just more awesome news. THis is how we are going to get paid. They just need a International  rate.   WOW!!!!!!!

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Emailed to Recaps:

Here is a fun video….It started as a normal wedding….but then……

It Was Just a Normal Wedding

BondLady Chat & Discussion On Law No.12 Part 1

[tlm724] it was brought to my attention that the dinar community is excited because this law :” Law No. (12) of the 2014 accession of the Republic of Iraq to the agreement establishing the International Islamic Trade Finance ” was posted at the Iraqi Law Library.
This is NOT a new law. This law was passed on 12/24/2012. Here is the link to the law : LINK

[tlm724] BLC did a chat on this law and it’s importance on 12/3/2012 here is the link to that chat :  BondLady and Administrators Chat 12/03/2012 http://www.bondladyscorner.com/t58851-bondlady-and-administrators-chat-12-03-2012

RECAPS NOTE: Full Chat Posted Below for Your Convenience

[tlm724] I have said this more then once but it bears repeating. I emailed the Law Library years ago and asked about the posting’s there. I was told when you see a law and it says “Original Document” under the Law Type this means someone is researching the law.
~~~

  The best place to find Iraqi Laws that have been passed or read is Parliaments website which lists all the laws passed and the readings of the laws. Here is the link : LINK

  Just click on the Laws tab and you can see all that you need to.

[tlm724] BondLady and her staff will always give you the truth to the best of our ability. Thank you !

BondLady & Administrator Shredd Chat    (sent in by KW)     12/03/2012     LINK

[BondLady] good morning all  1st we will start with some law info found by timmy and her and shredd will begin there chat per those  — ty both

[tlm724] ty BondLady ty

[BondLady] yqw

  [tlm724] there has been several arts recently telling us what parl has been working on  and there was a bill being read that caught my attention

[tlm724] “We will also see the session the second reading of a bill accession of the Republic of Iraq to the establishment of the International Islamic Trade Finance”

[tlm724] http://alrayy.com/67832.htm

   [tlm724] here is a link to the ITFC http://www.itfc-idb.org/

[tlm724] that of course made me look into this  we would like to share some of the information that was discovered about this organization  — shredd will give you indepth opinion but i will start by saying

 [tlm724] there 56 countries in the organization on several continents and Iraq is already listed as a member – now as mentioned in the above article  they state “accession” into the Trade Finance Org.

[tlm724] imo Iraq is now prepared to implement and take full advantage of the funds and many advantages of this Org.

  [Shredd] yes well, let me set the stage a bit for you all  as you know we at BLC focus on the entire picture, not just the dinar but politics economics

[Shredd] the whole picture, right ? so, just like our chat of the banking and investment laws

[Shredd] this accession is huge and I aim to explain this so you walk away knowing some major steps continue to take place

[Shredd] behind the scenes if you will  that bring Iraq to a place where they are ready to have a strong dinar in front of them

[Shredd] Ok, this accession of Iraq to the establishment of the International Islamic Trade Finance deserves a bit of explanation for you all.

[Shredd] Trade Finance is the structure behind international trading, so the banks behind the buyer and the seller, obviously the money held and protected by those banks.

[Shredd] the seller, obviously the money held and protected by those banks. International trading refers to obviously importers and exporters but it also includes institutional entities like finance corps and insurance companies……all big dogs in the world of trading folks!

[Shredd] Now, let me explain this entity….

[Shredd] This says the ITFC was formed to consolidate the trade finance business, to increase service delivery efficiency and to enable rapid response to customer needs in a market-driven business environment.

[Shredd] It’s also responsible for providing shariah-compliant trade financing for OIC (Organisation of Islamic Cooperation) member countries, with a particular focus on financing intra-trade between member countries. Iraq has been a member since 1975.

[Shredd] Lastly, they strengthen corresponding banking networks among member countries.

[Shredd] So what the heck does that mean? Well, this is an attractive necessity for investors, underwriters and financial institutions.

[Shredd] This tells them that once investments are established, the trading within them will take place safely, timely, efficiently and correctly due to the oversight of the ITFC.

[Shredd] My bank (a massive, global bank) has gained and lost clients/appointments due to the perception of our ability to do this for them and their investment vehicles, so this is deal-making or breaking stuff.

[Shredd] Trading is the life blood of any investment….moreover, timely, efficient and accurate trading. Portfolio managers need to know they can move underlying components of a portfolio at any given moment, largely due to market conditions.

[Shredd] If that can’t happen, the investments will die the moment the market fluctuates which I’m sure you know happens all the time!

[Shredd] If a trade cannot take place strictly as directed, the show is over. Some trades we strike with traders have to be executed to the minute based on rapid market fluctuations.

[Shredd] So, to see this bill being voted on is awesome to see.

[Shredd] This is yet another “behind the scenes” necessity for Iraq to ascend to a place where investment and banking has a safe place to be….just like the banking and investment laws we talked about last week.

[Shredd] Let me tell you this, I have full access to daily global accounts, massive investment vehicles and products and services that cover every single sector.

[Shredd] You may have heard the credentials from other site leaders, commentators and gurus…..I’m not a currency or day trader or a commentator, I’m a VP in a top 3 international bank and have been with them for ten years.

[Shredd] The entire time I’ve been there, Iraq has been non-existent due to what we all know has been taking place there…..and they still are today.

[Shredd] These banking and investment laws, this assention to the ITFC is absolutely necessary for Iraq to emerge among their peers to welcome global investment and to ensure safe banking and trading is in place.

[Shredd] My hope is that when you gain an appreciation of what is all being accomplished, you will see vital progress, not frustrating stagnation.

[Shredd] A big thank you for Miss T finding this and showing you all so much is and has been moving forward.

[Shredd] Don’t be like the rest of the sites and solely focus on the dinar but see what a wonderful “house” being built for the new, stronger dinar, without the three zeros and with a stronger and growing rate!

[Shredd] will this directly bring us an RV tomorrow?

[Shredd] you all aren’t that absent to think as such im sure

[Shredd] but, these all have to have been done to bring Iraq to the place they need to be [Shredd] you all aren’t that absent to think as such im sure

[Shredd] but, these all have to have been done to bring Iraq to the place they need to be

[Shredd] some say the dinar was supposed to have moved by now as far as the monetary policy and the rate

[Shredd] whether it be via a float, or a continued managed float

[Shredd] but it didn’t did it?

[Shredd] why? well, in part, these things had to be in place first…….

[Shredd] so, be excited we find this being done……great, great progress y’all

[Shredd] that’s it for my initial comments Miss T

[tlm724] ty shredd

[BondLady] ty shredd [Shredd] yw, it’s my pleasure and honor

[Shredd] to be a part of this team

[tlm724] BondLady thank you for this oppotunity to present this

[BondLady] ty ms timmy and shredd

  [BondLady] great text of good things coming  now this brings us to my part of the chat

[BondLady] which took many efforts to bring it about and id like to thank all involved, one i can’t thank right now but the rest all go to my team of awesome researchers  ty all

[BondLady] 1st

[BondLady] i’m going to do something i never do…repeat a rumor that was told to me …so take it as a rumor please…don’t need to bash, i’ve stated it will be a rumor, but because of things my team and i’ve discovered, there could be some truth to things, and then again there might not be…so again…take it as a rumor… 

[BondLady] someone told me the currency was printed in the 1st part of november 2012, and was shipped at the end of nov. 2012…. that being said….then we did some dela rue studies…..,

[BondLady] thanks to our timmy for finding these…this was a stockholders meeting from del a rue….

  [BondLady] De La Rue issues profit warning after contract delays By Simon NiasWednesday, 14 November 2012 De La Rue’s share price fell more than 5% on Tuesday after it was forced to cut its full-year earnings guidance in its six-month trading update

[BondLady] The world’s largest banknote printer blamed the profit warning on delays to “a number of significant orders which had been expected and planned for production in the second half of the current financial year”.

[BondLady] De La Rue said that it’s financial results for the current year, which were expected to include earnings before interest, tax and amortisation of £82m would now be “similar to those for 2011/12″ when earnings came in at £63m. Chief executive Tim Cobbold told the Financial Times that “the timing of particular orders is sometimes difficult to predict”

.

[BondLady] Shareholders were quick to react to the 23% cut in the firm’s guidance, with 10% initially wiped off De La Rue’s shares before they recovered to close 5.5% down. At the time of writing, De La Rue’s share price was £10.08, down 5.3% on Monday. De La Rue said it was confident the delayed contracts would be received for shipment in 2013/14 and would therefore not adversely impact its plan to achieve an operating profit in excess of £100m in 2013/14.

[BondLady] Meanwhile, the company’s first half sales and operating profit were up, rising 3% to £245m and 5% to £33m respectively. Banknote print volumes were also up 4% at 2.9bn notes, although banknote paper volumes declined 15% to 4,500 tonnes. http://www.printweek.com/news/1159826/

 

[BondLady] now……we know whos the master of procrastination right? and to see this in print that de la rue lost basically all its 1st half of profits due to…******

The world’s largest banknote printer blamed the profit warning on delays to “a number of significant orders which had been expected and planned for production in the second half of the current financial year”.********

[BondLady] if this isn’t mainly talking about iraq

[BondLady] i dont know what other country de la rue was doing a major contract for…that they weren’t already to go with per the articles i’ve read vietnam, zamboli etc

[BondLady] they were all ready to go

[BondLady] who delayed there time and again after awarding the contract to de la rue?..iraq

[BondLady] cant blame them for being upset…the timing of orders are difficult to predict…..but they must receive word to print stuff, and when they do they expect to get paid on time and to do the contracts in a timely matter , just like anyone would….now imo and thru the articles also…iraq was about to do something with its currency…what we don’t know yet…as they thrive on not only confusing each other but us as well.

[BondLady] but iraq was set to do something early in the year 2012, some thing happened to delay it, iraq happened…doing its usual freak out to anything new or change….this delayed it to the 2nd part of the year….where i had strong feelings MYSELF ..gut feelings…iraq might try to recreate history again, october 15th 2003 when they released the notes we have now and did it from oct 15th, 2003 thru jan 15th 2004….

[BondLady] so i felt if we had a shot to see what cards they were holding would be around the oct 15th 2012 date…then what happened? arrest warrents for shabibi and many of the employees of the cbi…happened… more delays? maybe…sure seemed like it to me….

[BondLady] then…all of a sudden….laws were passed with the new proxy cbi govenor, which the goi/parl didn’t seem to want to pass for shabibi…why was that? bad blood between the gov an cbi over fed lawsuits filed challenging the independancy of the cbi…

[BondLady] gov wanting funding from the cbi on projects like the port of fao… other

things…wanting the cbi to make up the past budgets deficit’s….things that shabibi had told them from the past…if they wanted to do these things then they needed to build up the economy…thru agriculture, investments, private sector things, tarriffs etc all these things would give the state more funding to function on, and also give them more funding outside of ….just oil…. the goverment is so slow to do anything, it screws up so much progress…and the inner fighting that goes on constantly…its their culture to fight to settle things, and its become a way of life to them to let greed and power drive them….

[BondLady] ….its like if you don’t give me what i want, i won’t give you what you want, even if its at the cost of the people who need the laws passed that would give them a better life…example…

the infrastructure law…giving much needed hospitals an schools and over 1 millon jobs to the people who desperatley need to work and earn livings, and the facilities like hospitals and clinics which they need not only for the sick and people harmed by terrorist attacks on the innocent,

but also the clinics for the mental parts of what happens to the minds of people who are living thru war times, they need help to mentally deal with all they have lost and seen, the children need schools to learn to be self sufficient or terrorist can use there ignorance of not being able to read and write things that could keep them from joining gangs, and terrorist groups..giving them hope for a future, when indeed they have very little now….

[BondLady] and these are just a few examples, theres much more to this…but…to pass this law…one group says we won’t do it unless you pass the amnesty law, which to do that frees a scorge of terrorists and criminals right back out on to the iraqi streets, and brings on more crime…but in the same context…it would also free up people who are innocent and being held on suspitions more than proof..

.the amnesty law does need to be passed for these poor souls, but with amendments so the true criminals find justice for there deeds, not rewarded and released, just to give the people a better life, doom them to a bad one too as more terrorisum attacks and crimes would again run all over them from the same people locked up for them…. 

[BondLady] ok let me back away from this stuff and get back to what i was talking about …the rumor i shared and then the de la rue stockholders article…..

[BondLady] so then, we see so many articles coming out saying stuff like the budget will be free of 0′s in 2013 etc, many many last week and today all pretty much saying same thing, which kinda aligns with the rumor of the notes being printed and shipped…..

  [BondLady] Economic parliamentary: the new year will witness the birth of the new Iraqi currency SUNDAY, 02 JANUARY 1 / DECEMBER 2012 09:45 Twilight News / excluded for economic and investment commission parliamentary, Sunday, that the new year would witness the birth of the new Iraqi currency deleted three zeros,

 noting that the Central Bank of Iraq was aspires to equal the value of one dinar per dollar.He said the Commission’s decision Mahma Khalil in an interview with “Twilight News” that “the new year will witness the restructuring Iraqi currency deleting three zeros,

 and therefore would not be witnessing the birth of new Iraqi currency because of the government’s refusal to this project,” noting that “the government believes that this work is not of its priorities. “

Khalil added that “the economic and investment commission strongly supported this project with the Governor of the Central Bank because the purpose of it purely economic and is to maintain the Iraqi currency from counterfeiting, damage and fraud.” Khalil pointed out that “there was countries with successful experiences in this area and the re-structure of its currency and deleted some zeros, and we seek to follow suit.”

[BondLady] Khalil said he was “under Article 46 of the Law on the Central Bank of his powers to issue new currency or new categories and maintain the value of the Iraqi dinar against other currencies.” Khalil continued that “the very bank of the move is that the par value of the Iraqi dinar per one U.S. dollar after the deletion of zeros and are blocking the way of fake currency dealers, as well as the new currency was non-perishable easily.”

Referred to the Central Bank of Iraq began Consideration of an amendment dinar categories last year, and is still a big part of the payments being in cash due to the evolution of the banking system.

The Cabinet had decided, in mid-April last year, wait in the application of the deletion of zeros from the national currency. And revealed the Finance Committee in the House of Representatives, last July, the postponement of the deletion of zeros from the Iraqi currency, which the central bank intends to initiate them into the year 2014.

http://www.burathanews.com/news_article_177135.html     ************

that article was found by my admin player, [BondLady] then my admin shredd whos also a investment banker…his comments per this article,…. It’s been so easy I think for us to become desensitized to all of the confusion, frustration and misinformation……….but when you continue to see articles like this, it should be very exciting.

If I can quote Bondlady correctly, she has said something like: treat one article as rumor, two articles (saying the same thing) as a possibility, and three or more articles (again, saying the same thing) as probable truth. Remember when we first heard news of Shabibi getting replaced?

We treated that process the same, but after seeing the same news from multiple sources, we knew it to be true.

That all said, guys…..if we can trust what this article is saying, we should be jumping for joy! The new budget, the new year will not have the zeros. What does that mean? The new currency being released…..which by itself would be a very costly activity for absolutely no purpose, unless……unless…..there is a new rate.

Now, in my very humble opinion, if we see the new currency released into circulation as being the first action, we would have to see what this article is saying for a rate….equal one dinar to the dollar. Again, if it would free float and slowly crawl, the new dinar in circulation would not be useful because an iraqi would need three times as much in quantity of dinar to complete any transaction.
A part of me has always held onto a revalue compared to the free float idea and I believe Maliki is pushing forward for this…..

to remove his country from needing the dollar, to stand independent and sovereign with their pride in a new currency. Hold on baby, we’re comin’ home ******

Comments mayb e made at the end of Part 2   Thank You

Mammon Money & Modernization  By JC Collins

Cultural, Economics

Mammon Money and Modernization   By  JC Collins           

Does modernization feed money printing or does money printing feed modernization?  Or do they both feed each other through an invisible process of mulching and chewing?

The modern method of money creation which is personified in our debt based system is little understood by the masses.  There are many reasons for this but  none more obvious than the fact that the disorganized masses are not educated about the esoteric nature of money and how the alchemical process of turning nothing into something is a secret formula hidden from all but a few.

Politicians make promises about change and better times based upon falsified and illusionary arguments which never draw attention to the method of money creation or how culture is structured around it.
~~~

  The sole purpose of everything in society is about promoting and sustaining the debt based system.  The system, a method by which wealth, the time and labor of man, is converted into currency to service yesterdays debt so debt tomorrow can continue, requires a continuous creation of debt, or expansion of credit.

This credit, the act of money creation, has injection points into the sociological structure, by which expansion is not only necessary, but guaranteed.

Some of these injection points are home mortgages, car loans, student loans, credit cards, including department store cards, and the other numerous and spin-off injections points, such as home equity loans, vehicle title loans, etc..

The increase in population further expands the credit injection points as more debt requires more time and labor to service, and more potential time and labor requires additional capital to secure tomorrows debt expansion.  It gets to be that both feed continuously on one another until there are no differentiating components.

The injection points themselves, once established, have to continuously draw in the additional time and labor to ensure the flow of money creation is not disrupted.

The human propensity for mammon is capitalized on to effortlessly widen the injections points.  Methods used include the slow leakage of technology into the sociological sphere at a pace which feeds both modernization and money creation at a level of conscious symbiosis between man and matter.

Every year we are introduced to the latest automobile models and lambasted with endless marketing telling us why we need the latest and greatest.  Fashions change from season to season and year to year.  Home renovation television shows convince us that our home is in fact not good enough and we must get an equity loan to upgrade the inferior aspects of our lives.

Careers are increasingly more difficult to obtain without education and the required level of education can only be reached by ever larger student loans.

Then there are the ancillary aspects of money creation which drain away our so-called disposable income.  The endless list of these distractive and intangible injection points include the latest must see trip to the multiplex theater, music, games, food that isn’t food, shoes, speeding tickets, parking tickets, virtually everything at Walmart, and all other segments of functional civilization.

All this money goes back into the system to continuously feed the process.  It is virtually impossible to go through life and not accumulate debt while maintaining the lifestyle which is promoted to us.

The more money is printed the more injection points are required and the larger they must become.  This is why money printing has increased dramatically in the last decade.  The system is being prolonged until the replacement system is in place and ready to be activated.

Think of it like an individual collecting so much debt that they can no longer service their own debt, so they either declare bankruptcy or get a debt consolidation through a recognized financial institution.  Then the debt collection and money expansion can continue once more.

The same process happens with sovereign debts.  They can be expanded endlessly until the new system is ready to consolidate the old debt into the mechanics of the new system.

Today we are on the verge of such a new system.  In fact the system should have changed alongside the collapse of the Soviet Union but was prolonged.  The two big opposing paradigms since the Bretton Woods Agreement of 1944 were the intentionally opposing paradigms of democracy and communism.  Both ideologies were locked in the embrace of the cold war with both sides funded by the same international banking interests.

After the fragmentation of the Soviet Union the western world appeared to inherit a unipolar world.  With appearances being deceiving the United States was forced to instigate the first gulf war and ensure that Iraqi oil continued to be denominated in dollars.

From there the unipolar world was lead from one crisis to another, all in efforts to extend the life of the dollar until such a time that the international banking interests were able to secure and implement central bank infrastructure, along with policies and procedures for the remainder of the world.

Along the way new injection points were created and old ones were expanded to facilitate the increased flow of credit.  The great credit expansion of the late 20th Century and early 21st Century was realized through easy mortgages and abundant credit cards and vehicle loans. 

All sorts of mammon devices were created to ensure the dollars being printed had somewhere to go until the time came for the next economic reset.

A somewhat distorted level of negotiation is still taking place around the world which is pushing the life of the dollar based system as far out as possible while still being able to effectively manage the expansion of credit.  The world is running out of places to dump debt and the hired politicians are hard pressed to sell the script.

The modernization and urbanization which took place after World War Two likely had more to do with our debt based system of money creation.   This growth in the sociological sphere had to be handled and engineered to hold the disorganized masses within invisible fences.  The marketing and financing of the injection points began and a new way of life was promoted.

Another pattern which can be extrapolated from this same line of logic is that the Industrial Revolution, which began in and around the year 1760, was only possible because of the new methods of money creation which began with the founding of Stockholms Banco, the worlds first central bank, in 1657, by the Dutch merchant Johan Wittmacher.

Wittmacher was credited with introducing paper money to Europe and was the first banker to implement the system of loaning out depositor money and using paper certificates as a means of ensuring the depositors would not come back for their original deposits.

This was followed up in the year 1694 with the founding of the Bank of England, the worlds second central bank.  From their the money flowed and there was plenty of it to finance development, modernization and industrialization.  The world would never be the same.

Of course modernization is a wonderful thing when compared to the bare existence in years gone by.  But it still begs the question proposed at the beginning of this post.  Does modernization feed money printing or does money printing feed modernization?

Was the potential for modernization simply bulging at the seems of civilization and just waiting for the right system of organization in order to finally break free and push humanity in new directions?
Or was modernization a by-product of mass money printing by way of credit injection points?

If our modern and developed world is built on mammon how are we ever to escape its clutches and push forward with the full realization of humanities potential?  – JC

http://philosophyofmetrics.com/2014/07/08/mammon-money-and-modernization/

Millionday Monday Night News Part 1

Millionday News 7/7/14  Part 1

        Welcome To Monday Night News With Millionday!

        millionday] there has been a change but it will not be as late as some have said

        [millionday] Confirmed on Monday that “the date of the meeting of the Council of Representatives will be in the 13 of this month due to political pressures.

The source, who asked not to be named for (the newspaper of integrity) that “Mehdi al-Hafez, who runs the sessions of the House of Representatives that he had received the older booed several political parties because of the postponement of the parliamentary session to be held on Tuesday.

        [millionday] “After extensive consultations and contacts between the political polarity, decided to hold the second session of the House of Representatives on (13) of the month of July, and will be issuing a statement that tomorrow.

 A parliamentary source revealed on Monday, the Presidency of the Council of Representatives decided to postpone the second session of the Parliament to the 12th of August next.
~~~

            [millionday] note — this announcement when they had decided on the 3th of this month caused a huge stir as you can imagine  — so due to political pressure they have changed it

        [millionday] the original even stated that they would not be having session until next year which of course is absurd

        [millionday] so as we see — this is not fantastic but much better than the sabotage that was done in the media earlier today

        [millionday] lets hope this is the correct one

        [Pablo] What’s the reason for the delay?

        [millionday] picking the three presidents

        [millionday] the results is the only thing we can go by so lets just look at the news and not have a replay of the day of today

        [millionday] there are no guarantees of anything to do with this investment — only that we are going to bring you the news and we are going to watch and see what happens

        millionday] they have been given a constitutional deadline to have it complete

        [millionday] they seem to be moving very fast in the advancements for the economy and have little desire to ever finish the political side of things — econoically they are moving fast and doing a lot —

        [millionday] the political change they are having to complete is a stall in the road more than once — but CBI has been working on a lot of changes in regulations and the move to lift the guardianship of the Warka bank and also extending many of the bank branches throughout the nation as well

        kenster] Have they not been told that when they have a stable goi that they are going to be incredibly wealthy ?

        [jarhead] No shabibi said seated govt. he’s been gone for two yrs

        [jtank] already wealthy–gov

        [millionday] i have not seen a statement given to the government saying that

        txoilman] Could this be the other way ? Like the Gov. Is stalling for the cbi

        millionday] we dont know that it is stalled at all hun — who is to say it isnt right on time — they are just choosing the leaders for Iraq and implementing many of the steps they have announced to be done

        [smiller67] Do you think that’s a misprint? It’s suppose to be July 12th, and not Aug 12th?

        [millionday] i have no way of knowing that but it would seem that they would be starting off on the wrong foot according the constitution —

        [millionday] that of course would be their choice

        [jjclark] I am having a hard time making sure I am checking the OMX correctly. From what I can tell, they still are not up yet, correct?

        jjclark] Trading on the stock market that is

        [jarhead] Their not stable…..

        [millionday] they have been under the omx platform and were supposed to launch it july 1st — however i have seen not a word in ink about it since

        [jarhead] IMO

        [jjclark] O.K. thanks, wanted to make sure I was reading correctly.

        [millionday] they are not internationally recognized yet

        [millionday] yw all the time hun

        [jarhead] Sorry mam

        [jtank] no rate

        [jarhead] And no date lol

        [millionday] smile

        [h-spot] I almost take all these miscues and delays as more positive, in that ‘maybe’ they are trying to do it all together?

        [h-spot] because ‘what it’ they sat their gov, and then nothing showed for us?

        [millionday] they have said recently that they are doing everything together and are also planning on voting the three presidents through in one basket

        [millionday] is that what you mean?

        h-spot] millionday sorta, more like because one thing can’t get done, they won’t do the other?

        [h-spot] because they want it done at the same time

        [millionday] i like to look at ink and not try to guess so lets do that  brb with more

        millionday] here we go   –    Tamimi interact most of the private banks, the local with the Central Bank, which regulates the reality of the work of the movement’s financial in the country.

Member of the Association of private banks in Iraq and Wadih Handal said in an interview »Sabah« that private banks play a major role in the stability of the financial situation in the country, especially after he lifted most of the banks, their capital to more than 250 billion dinars.

, and pointed out that some of the banks beyond the stage of reaching the head of his wealth to the extent set out and went to the distribution of profits between shareholders and this goes back to the successes which are calculated to the banking sector Ahli, who became cites technology advanced banking, which in turn raises the number of products offered to customers.

        [millionday] note — this is of course in reference of the regulations set by CBI as they have started the steps of banking reform and the monetary policy

        millionday] to it, said Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun that banks offer to discuss their annual reports to shareholders and in the presence of representatives of the Central Bank of Iraq and the media competent and non-competent in a move to prove the extent of disclosure and transparency whose adoption by departments to work to show the strengths and weaknesses of each.

added Hassoun said in an interview for “Sabah said that the banking business has achieved many successes in the field of currency Finance through adopting a range of banking products advanced needed by the customer for the success of financial dealings.

        millionday] note — the transparency of the banks that has been also given by regulation has also been shown to be inclusive of many new products they have asked for and services and as we see here –currency finance advancements expected — huge progress

        [millionday] returned Handal to emphasize during the annual meeting of the Bank of the UNESCO that the observations made ​​by the members of the General Authority on the annual report final and final accounts but reflect the interest of the members of the General Authority activities the bank and lead to the strengthening of its capabilities in achieving success for his work. ,

and pointed out that most of the banks exceeded the ceiling set by the Central Bank of the roof of capital and this confirms its success, especially

        millionday] note — they are giving a huge pat on the back to all banks as they have met and exceeded regulations set for them and also have met the reserves set for them and also the services they have expected to get done and ready/available when the time is set

        [millionday] that some of them went towards the distribution of annual profits between shareholders after it covered all Altazamth approved by the regulations issued by the Central.

confirmed that the bank is taking is moving to strengthen its science through an agreement with the international bodies involved in the banking business and will enhance its human cross training programs for both internal and external.

        [millionday] so the statement that they are cross training for external and internal is of course huge to us because it means that banking services will have to be known both domestically and also foreign locations for their processing

        [millionday] and it is also very interesting dont you think that this is an annual report ? i do

        [lstar877] New fiscal year?

        [millionday] they have referred to the new fiscal year in a report we had this weekend but im not sure where it is but it is in chat

        [Pablo] What about Turki’s statement that the currency reform was supposed to be done by mid-year? What happened with that?

        [millionday] nothing has been done 00 but we are in the middle of the year — that of course is good news – smile  –  he has not changed his statement

        [millionday] here is another meeting that they had about the banking reform and regulations

        [millionday] Ended Committee emanating from the General Authority of the Association of private banks in Iraq written to draft new rules of procedure of the Association after mandated by the General Assembly is expected to hold a meeting Estnaúa for discussion and approval.

announced that authoritative source in the Commission said it has completed a new formula of the system in the hope presented to the public for discussion and approval.

source pointed out that the Commission deems modified the rules of procedure for the conviction of the importance of that is in line with the requirements of the new phase and in order to meet the need of banks to a strong bond contribute to the maintenance of the rights of the banking sector and then work to unify efforts through fruitful work and construction in the inter-bank and to meet the requirements of development.

        [millionday] note — they are actually meeting on putting all of the steps in place for the banking development that they have stated will be going on for the citizens in the private sector

        [millionday] they are also going through them to make sure they will be productive

        [millionday] note — here is the purpose of the new rules

        [millionday] explained that the rules of procedure new look will enhance the objectives of the Association and to expand the powers of those who made ​​it and what makes it able to be a haven for banks and coordinated between monetary and fiscal authorities and to enhance the goal of cooperation in addressing the challenges faced by the capital market,

The Association also seeks to apply the provisions of the Rules and the central bank’s measures aimed at maintaining the stability of the money market to their importance in achieving economic stability.

        [millionday] note — the CBI will have the capabilities to make adjustments in the regulations to ensure they are successful for the citizens

        [millionday] this too is to gain confidence as this is explained to the citizens  — and it gets better

        [millionday] The source noted that the move comes after being hit by private banks in Iraq to accusations are untrue by her statements to the media of views had nothing to do and it is the owners of Jurisdiction, including damaged the reputation of the Iraqi banks to enable the Association of the appropriate response in the media or, if necessary, legally.

        [millionday] Concluded to to say that the Association has achieved successes at both the exterior and interior and has a special assessment by the Department of organizations in the Council of Ministers and that the new system comes to complement its role in strengthening the national economy through its service to the banking sector.
        [millionday] so the purpose is so that the new national economy compliments the banking sector and its success –

 as it is empowered to move forward in its development  smile

Comments may be made at the end ofPart 2 Thank You

Millionday Monday Roundtable Part 2

Millionday Roundtable 7/7/14  Part 2

    Welcome Monday  Roundtable With Millionday!

    [millionday] THIS IS A GREAT START — THE SERVICE THEY OFFER

    [millionday] Credit and Debit Cards Warka Bank for Investment and Finance has the privilege to be one of the principle members in the MasterCard corporation which entitles our bank’s card holders to use the Mastercard facilities all over the world through MasterCard world wide network.

Our customers can withdraw cash and spend money wherever and whenever they want. Moreover, Warka Bank for Investment and Finance’s credit cards are extended to be used in over 350 ATMs and and 10,000 points of sale (POS) in IRAQ Credit Master card

This type of cards enables the cardholder to withdraw or purchase an amount and pay a part of it each month. There is three types of it, – Silver – Gold – Platinum

    [disciple7] Timmy u have to update ur passwords once a year
~~~

     [millionday] SO THEY HAVE CREDIT AND ALSO DEBIT THAT CAN BE USED ALL OVER THE WORLD WHEN THEY FORMALLY RELEASE THEM — CBI ANNOUNCED TODAY THAT THEY ARE LIFTING THEIR GUARDIANSHIP

    [fishheads] Effective when?

    [millionday] Midrar Local Cards–This is a debit card connected to your account and used for cash withdrawal through all Warka bank ATMs in . This debit card can be also used in purchasing in all shop centers that have Point of Sale (P.O.S).

    [millionday] HERE IS MORE SERVICES — DONT MISS A WORD AND THANK YOU FOR RESPECTING ME

    [millionday] Warka Bank for Investment and Finance implements the S.W.I.F.T system that guarantees advanced, rapid, secure and accurate money transfers through the international banking network.

Whether you’re sending money abroad or receiving money, Warka Bank for Investment and Finance ensures your money transfer is conducted successfully using its worldwide correspondent bank network.

    [millionday] SMILE  –  HOLD ON TO YOUR HAT FOR THE REST — REMEMBER IF YOU PASS OUT — YOU MADE ME DO IT  –  HOLD ON TO END

    [millionday] Stocks & Investment Warka Bank for Investment and Finance’s team of expert brokers handle your stocks portfolio and manage your investments to success.

Our brokers, with years of experience in the Iraq Stock Exchange and international investment channels, ensure that your portfolio grows with maximum security and minimal risk.

    [millionday] NOTE — NOW OF COURSE THIS IS ABSOLUTELY HUGE HUGE IN WHY THIS IS IMPORTANT AND SPELLS OUT HUGE HUGE REASONS WHY YOU SHOULD STILL BE HOLDING ON TO YOUR CHAIR

    [millionday] Foreign Currency Exchange Warka Bank for Investment and Finance offers you the chance to buy and sell different currencies for investment purposes. Our expert foreign exchange team advises you on the best course of action for increased profits and sustained investments.

    [millionday] NOTE — THE NATIONAL CURRENCY WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED FOR YOU TO DO THIS IN IRAQ

    [millionday] Personal Loans Warka Bank for Investment and Finance’s personal loans enable you to finance your personal needs, be it purchases, vacations or property with an easy installments system and competitive interest rates.

Personal Loan Features: The loan depends on collateral provided. Tenor up to 1 year Competitive interest rates Required documents: National ID Ration Card Certificate of Citizenship Residence Card

    [millionday] NOTE — FOR ALL COUNTRIES WORLD WIDE

    [millionday] To be in positive pace, progress and development with the enduring Iraqi economic conditions and our strong belief that we are all fine partners in steering the good Iraqi Economy, Warka Bank for Investment and finance through its 130 branches distributed throughout Iraq, offers the sale of consumer products in installments where this service is considered the most important motion in steering the National Economy for all countries worldwide.

Selling consumer products in installments provides citizens and consumers the flexible convenient measures for purchasing goods, at anytime in long or short periods, the period of which the citizens personally sets in accordance with the availability of their monthly income.

This unique service offers several incentives and encouragements: The availability of all kinds of electrical household products All the electrical products and appliances are guaranteed and backed by this guarantee The installment coverage is suitable for all members of the community and

    [millionday] well meets their needs. Cover your installments with no interest and zero fees Easy simple procedures where goods are handed on spot The purchasing facility covers the opportunity to buy goods 3 times the monthly income.

Covering your installments on time gives you the opportunity to participate in purchasing new further products. This service is in compliance with the conditions set by the bank as below: A guarantor is required A clear colored valid copy( Iraqi National id Card, , Resident Card, Ration Card) for buyer and guarantor

    [millionday] NOTE — ALL INTERNATIONAL BRANCHES ARE CORRESPONDING BANKS FOR NATIONAL BANKING —- NOT LOCAL BANKS — (SWIFT CODING )

    [millionday] Warka Bank for Investment and Finance’s team of experts handles your trade finance services from A-Z. From import and export letters of credit, letters of guarantee to documentary collections. Warka Bank for Investment and Finance’s established correspondent banking relationships ensure you receive top quality and rapid trade finance services wherever you are in Iraq.

Documentary letters of Credit: Financing Exports by confirming and advising incoming letters of credit.

Issuing L/C’s through our large worldwide network of corresponding banks. Guarantees: Issuing bid bonds, advance payment bonds and performance bonds, in addition to be able to recieve counter guarantees from international banks. Documentary Collections: Prompt payments for incoming collections and collecting payments on behalf of the exporters.

    [millionday] I SHOULD SAY IT IS NOT UNCOMMON

    [millionday] E-BANKING

    [millionday] WHICH CAN ONLY BE DONE IF THEY ARE INTERNATIONALLY RECOGNIZED IN MY OPINION

    [millionday] Internet-Banking Warka Bank for Investment and Finance provides you with an easy, secure method to manage your money online.

Our internet banking services fac… SMS Banking Warka Bank for Investment and Finance provides you with an instant, easy method to access your bank account wherever, whenever you are utilizing tw… Phone Banking With Warka Bank for Investment and Finance,

you can perform your banking operations via your telephone you can access: Balance Services … E-Trading Warka Bank for Investment and Finance is the first bank in Iraq to offer electronic trading services. With the e-trading service, you can buy, sell… EJABY & ESAL With Warka Bank for Investment and Finance, you can now utilize the EJABY system to pay your domestic bills at the Bank’s counters and online…

    [millionday] SO NOW THAT WE HAVE SEEN HOW MASSIVE THE CHANGE WILL BE TO HAVE WARKA IN CONTROL AND RELEASED FROM GUARDIANSHIP — WE SHOULD BE EXCITED

    [millionday] IN FACT WE SHOULD HAVE WHITE KNUCKLES  YOU MAY NOW GET OFF YOUR HANDS  WHOOOPOW

    [ernier] Sorry, but they were doing all this before and there was no internationally traded currency in Iraq. It looks like business as usual or before they shut down and shows me nothing about Iraq specifically either having or needing to have a reality rate or internationally recognized currency for this to happen.

 Am I missing something?? ebanking and other services offered may be for all of Warka and not all is intended specifically for Iraq. Not that exciting for me.

    [sheila3] millionday lol

    [lstar877] WHOOOOPOWWW!! I have white knuckles!

    [millionday] SORRY BUT FOR TWO YEARS THEY HAVE BEEN UNDER GUARDIANSHIP

    [risk] millionday ..Does the politics matter to you

    [millionday] I DISAGREE WITH YOU

    [lstar877] Ernier guardianship was just lifted today!!!

    [millionday] THE REASON BEING IS THAT EVEN THE CITIZENS OF IRAQ COULD NOT GET THEIR MONEY

    [millionday] ALL THE MONEY THEY HAD IN WARKA COULD NOT BE REMOVED

    [millionday] AND MANY HERE HAD THE SAME PROBLEM

    [ernier] I understand, but the bank was there prior to them going into guardianship – what is different for Iraq specifically now

    [Baldeagle] So you are saying they can get their money now.

    [Baxter1243] So if it was lifted today… that means they are international now?

    [lstar877] Ernier I disagree with you too. They did not have MasterCard and ebanking linked to the world!

    [fishheads] When doe this go into EFFECT?

    [lstar877] Today!!!!!

    [jtank] ernier–all these services stated thru out the world BEFORE?–really

    Dego] the final lifting of the Guardianship is great news indeed…now we just need an RV.:} :}

    [awesomedtl] are the meetings going on for tomorrow also?? I so got in late,,,,, I hear they are postponed till 12th of aug is that true

    [ernier] lstar877 no but that could be just Warka talking about their services in general all over the world, not specifically Iraq. That is the point I am making. Wondering how this may be different.

    [millionday] risk YES IT DOES MATTER TO ME AND I TELL YOU WHY –STABILITY IS VERY IMPORTANT WITH WHAT IRAQ IS DOING WITH INTERNATIONAL TRADE — AND THE GOV IN PLACE MATTERS — HOWEVER —CBI IS INDEPENDENT

    [Dego] jtank yes they did offer that before..

    .

    [millionday] THE GUARDIANSHIP WAS NOT LIFTED TODAY

    [jtank] MD -rumors today are that they are pushing forward tomorrows gov meeting?

    [risk] millionday thx

    [10x] Paperwork needs to be completed…When they lift the guardianship, they are going to have to have a currency of some value other than what it is today… RV is on the horizon and the timing of this event is everything

    [millionday] CBI ANNOUNCED THAT THEY ARE LIFTING THEIR GUARDIANSHIP AS SOON AS THEY RECIEVE THE DOCUMENTS WE DISCUSSED IN THE BEGINNING OF THIS ROUNDTABLE

    [awesomedtl] they said they r delayed till 12th of aug????? for second session??

    [risk] thx*

    Craveman] Is it possible a stable goi was considered ideal but not absolutely nec? They did have a $3+ currency and were a mess in the past right?

    [awesomedtl] million so many times they said they arent changing the currency till goi is seated did something change

    [Dego] didn’t they come out of the Guardianship already in February after another Court ruling in theur favor maybe now the CBI is only implementing it..?

    [millionday] SO THE SERVICES AND THE MANY CORRESPONDING BANKS ECT THAT IT INVOLVES FOR WARKA TO GO BACK TO BANKING IS A HUGE SIGN FOR WHAT IS NEEDED IN ORDER TO DO JUST THAT — ALL THE SERVICES THEY HAVE CREATED DURING THIS TIME

    [lstar877] :53cbi announced today that they are lifting their guardianship

    [millionday] Craveman YES — IT IS POSSIBLE — THE GOV HAS ALWAYS BEEN A MESS

    [Dego] well I was breaking a sweet several times during the last two Years because of WARKA…that sounds much better now…:}

    [slh5282] Millionday, thanks for this information, great beginning for the banking world. They have to be released to begin the international relationships with the banks through out the world but also have to have a recognized currency. None of this happens, AS YOU HAVE SAID, at the drop of the hat. Step by step process. But the international banking is huge.

    [Dego] sweat I meant..

    [millionday] THE THING IS THAT THEY HAVE ANNOUNCED THAT THEY WILL LIFT THE GUARDIANSHIP WHEN THEY RECIEVE THE PAPERWORK THEY HAVE ASKED FOR BUT WARKA IS HUGELY DEPENDENT AND USING TECHNOLOGY AT THIS POINT — DATA ENTRY

    [millionday] IT HAS BEEN RIGHT PAST TWO YEARS — IT HAPPENED IN MARCH OF 2012

    [slh5282] Millionday, I sign on to the bank almost everyday

    [lstar877] Millionday ok I thought today. The cbi announced today I misunderstood sorry. So how long does paperwork take?

    [10x] millionday your assessment and material was well worth the wait. Thank you for all of it.

    [Craveman] millionday YT

    [fishheads] millionday Is this tied iton that 2yr Directive From the IMF about keeping The Dinar at a stabile rate for 2 years or a decendant of it?

    [Craveman] TY lol

    millionday] NICE BUT THEY ARE NOT FREE TO DO WHAT THEY OFFER AS SERVICES AND ARE NOT ABLE TO GROW AND PROVIDE WHAT THEY HAVE TO GROW IN THEIR REVENUES FOR SERVICES AND FOR THEIR STAKEHOLDERS

    [Msculver] lstar877 that would be another 2years lol

    [awesomedtl] sorryy but what does this all mean for us??

    [angus] millionday so as they get the paper work from each bank branch will they release one at a time or wait for them all?

    [angus] or maybe I miss under stood…..

    [mudder] MD – I think it’s GREAT NEWS…. Thank you very much… You’ve just made my day..

    [slh5282] Millionday, any thoughts on what will happen tomorrow in Your Opinion

    [millionday] WHEN WARKA IS ABLE TO DO ALL OF THESE SERVICES BECAUSE THEY ARE NOW FREE TO DO THEIR BUSINESS WITHOUT GUARDIANSHIP — THEY WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED — WIRE TRANSFERS — CREDIT CARDS — STOCK INVESTMENTS —FOREIGN CURRENCY INVESTEMENTS

    [lstar877] Msculver lol

    [awesomedtl] they say they postponed meetings till the 12t of aug is that trrue???

    [millionday] REMEMEBER THEY HAVE BEEN UNDER GUARDIANSHIP SINCE THEY HAVE BEEN RELEASED FROM CHAPTER 7

    [lstar877] Dont wanna be a pain but when? Why do they announce stuff today if we wait?

    [buck] millionday i thought the amendments to the 13303 allows banks to now do business with the CBI which in a way is international recognition, without a rate change, is it not???

    [fishheads] millionday so what took them nearly 4 months after to pull their heads outta the sand to get this done?

    [coolspot] angus Paperwork from the Main International BranchI am sure will cover all their Branches. I am sure something of this nature will be addressed immediately. CBI may already have what they require now.

    [Josie] Millionday: I find the timing curious (in a positive way) After all of this time, they announce the lifting of guardianship pending paperwork NOW? Best to ask ourselves, why NOW? With all that is happening in that country, NOTHING is by happen stance. hhmm….

    [ernier] fishheads lol 4 months is fast doing anything in Iraq

    [disciple7] Josie agreed

    [fishheads] ernier sad but true

    [angus] soooooooooooooooo we are just waiting for the reality rate for Warka to go full force…..

    [angus] coolspot ty

    graylnjo] Or is the reality rate just a myth??

    [graylnjo] Just askin

    [texasrangersjt] How is that we have one aside must have seated GOI amd another saying they dont, just need banking stuff to wrap up and rate to show?

    [ernier] texasrangersjt because no one really knows for sure

    [Red Skyy] Only one that said they need a seated GOI was Shabibi, he’s been gone for years

    [letsroll] you getting all these questions Rudi lol

    [awesomedtl] ok has million commented on the supposed postponement of parliament session for tomorrow?? bumped to the 12th that was supposedly on the parliament website?

    [millionday] buck THE CURRENCY IS NOT INTERNATIONALLY RECOGINIZED AS OF NOW SO WHAT BANKING THEY ARE DOING IS DOMESTIC AND WITHOUT AN ATM CARD

    [swan2013] Do you all really think they will come out and tell us when they are going to do this and how????? it will be an element of surprise for sure

    [lrojac] This is investment is to beginning to look like a giant episode of Wipeout!

    [awesomedtl] lrojac lol

    [En4cr] I saw that blurb about Parliament also being postponed until August

    [awesomedtl] En4cr hope not

    [En4cr] It was on CNN when I was having lunch

    [Josie] Millionday: Thank you for bringing this important and very notable information to our attention. Your continued efforts are appreciated

    [awesomedtl] En4cr these guys are bunch of clowns

    [millionday] lstar877 fishheads – I DO NOT AND NO ONE KNOWS WHEN THE REALITY RATE FOR GLOBAL TRADE WILL BE SHOWN

    [sunnyca] millionday thank you so much for all of the research you do for all of us ~

    [fishheads] millionday I never asked you that?

    [kldfree40] Thanks Millionday for ALL your hard work.

    [En4cr] Because they couldnt come up with an agreement on the Leadership positions so they said on the CNN banner

    [awesomedtl] yes we so appreciate everything you do for us and help break things down!!!!

    [millionday] coolspot I AGREE — THEY USE DATA ENTRY — (COMPUTERS) SO IT WILL BE PRINTING IT OUT AND INCLUDING WHAT THEY NEED TO HAVE WHICH WOULD NOT BE DONE AS A SURPRISE

    [graylnjo] Why am I not surprised!!

    [millionday] Josie I COMPLETELY AGREE — THAT WAS ONE OF THE LARGEST POINTS I WAS TRYING TO MAKE

    [slh5282] En4cr, that is what shafaqq said but Iraqnewsagency said they are working as we speak

    [coolspot] millionday I have been dealing with International Banking for over 40 years. I know a little

    [graylnjo] I think absolutely no one knows whats really going on over there!!!lol

    [disciple7] millionday very good news today thank you

    [swan2013] millionday it is amazing info and if everyone can just see beyond the confusion in their eyes will see this is something we needed to see happen and its all good.

    [tourman] coolspot and your still sane? lol

    [disciple7] grayInjo your killing me with positivity today….

    [coolspot] tourman lol

    [jtank] thanks md–great info–

    [mimi3] oh are we back to thinking positive again?

    [mimi3] rv?

    [jtank] not yet

    [graylnjo] Soooooon!!!!!!!

    [disciple7] there ya go… baby steps..

    [jtank] the eternal rv

    [mimi3] graylnjo lol yep soon since 2009 for me!! lol

    [millionday] graylnjo THE VALUE OF ALL CURRENCIES THAT ARE DOING GLOBAL BUSINESS IS A REALITY RATE — A REALITY RATE IS ITS VALUE– OF COURSE THEY WILL HAVE A RATE OF WHAT IT IS WORTH WHEN THEY ENTER THE GLOBE –

HOW MANY DINARS REALLY BUYS A TRUCK LOAD OF COKE TO SELL AT THE LOCAL CONVENIENCE STORE — OR HOW MUCH IS AN AMERICAN CAR REALLY IN DINAR ECT ECT — ALL COUNTRIES HAVE A VALUE ON FOREX —- THAT IS THE STOCK MARKET CURRENCY MARKET

    [millionday] fishheads OH SORRY HUN MISPRINT

    [mimi3] so we are still wait and see no matter how many articles come out right?

    [graylnjo] Thanks MD I was beginning to wonder!!

    [millionday] I AM NOT SAYING ANYTHING ABOUT THE GOVERNEMENT — I AM TELLING YOU ABOUT WARKA BANK — IF I AM NOT SAYING ANYTHING ABOUT PARLIAMENT IT DOESNT MEAN IT ISNT IMPORTANT — IT MEANS I AM TALKING ABOUT SOMETHING ELSE

    [Sam] as i suck on my vapor cig lol

    [coolspot] mimi3 lol lol lol

    [allanlantrip1975] why so negative today,

    [jtank] rumor is citi and hsbc pulled out of Iraq

    [millionday] lrojac THAT MAKES NO SENSE TO ME AT ALL OF WHY YOU WOULD SAY THIS LOOKS LIKE A WIPEOUT WHEN I JUST SHOWED YOU ALL GLOBAL BANKING COMING TO THE GLOBE BY WARKA AND ITS RELEASE ON THE WAY OF GUARDIANSHIP — I DONT GET WHY YOU THINK THAT

    [dovi] Israel appears to be going to war at this time..I have news from inside the country

    [sheila3] some refuse to see positive in anything

    [allanlantrip1975] millionday amen

    [coolspot] sheila3 Got that right sweetie

    [millionday] jtank RUMOR — KEY WORD  
  [jtank] This is very positive news but many are afraid of gov failure–  thx MD

    [millionday] OK SO THAT WAS GREAT NEWS AND IS VERY GOOD FOR OUR INVESTMENT AND IN FACT IS MORE TELLING THEN WHAT THE MEDIA BRINGS

http://www.dinarupdates.com/showthread.php?14087-Millionday-Roundtable-7-7-14

News, and Opinions from Frank26 and KTFA Members Mon. AM

walkongstick :  Maliki calls for “federal” to intervene to cancel the adjournment of the meeting

By Khabaar Khaba 7/7/2014 5:33 a.m. |  Brother – Baghdad

He called for a coalition of state law, Abdul Salam al-Maliki, on Monday, the Federal Court to intervene and compel Prime Age Mehdi al-Hafez cancel its decision to postpone the parliamentary session, or to set a date soon for the election of the Speaker and his deputies, noting that “the postponement of the parliamentary session to the 12th of next month is a constitutional violation and clear and frank.
http://khabaar.net/index.php/permalink/24351.html

Frank26:    Hey M !!! …….. Leave me out of it………

I can just hear it ……….. FRANK26 ……. The GOI is NOT going to sit !!!
….

Look ………. These GOI politicians KNOW very well what USA wants from M ………. So they keep this want away from M’s accomplishments.

Why?   To tease?

LOL no but ……… Mainly to SCARE M and cause him NOT to satisfy AoP. Like children this …….Revengeful act of mutiny is simply their way of continual dislike of M.

Nothing more.

USA DEMANDS a Parl/GOI ………. These politicians that hate M and do NOT want him as part of The GOI know this ………. So they take advantage of discouraging it’s formation to put M deeper in trouble with ………. US!

Then the media takes whatever is thrown in their direction as scraps and MANY consume it as if it were of any substantial value. Leaving them with an upset belly.

Eventually they will sit and pass a Gas Law with many others. Until then these midget minded brains will just pass gas ……….. Stinking M and the Parl up.

Stay in constant prayer KTFA Family ……….. Be Strong ……… BE SMART !

Aloha from my Spirit………

BTW ……… Last night’s Prayer CC was Wonderful …….

KTFA,   Frank

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

walkongstick:

Egypt: The Iraqi government announced its readiness to support our economy

07/07/2014 15:58
Tomorrow’s Press / Baghdad: The Assistant Egyptian Foreign Minister washed-out full, on Monday, the Iraqi government announced its readiness to support the Egyptian economy, while noting that Egypt welcomed this openness and called for expansion of cooperation with Iraq.

Kamel said during a news conference in Cairo, I followed “tomorrow Press”, “The cooperation of the Iraqi Egyptian must take other dimensions after the end of the political instability in Egypt to strengthen cooperation in all fields,” stressing that “the Iraqi government announced to Cairo for their willingness to assist in the development of The development of the economy during a meeting gathered with Iraqi Deputy Prime Minister Hussain al-Shahristani in Baghdad. “

“We’ve moved to the Egyptian government’s desire to enter Iraq, Egyptian companies and the development of cooperation between Egyptian businessmen and the Iraqis to diversify and expand the private sector in Iraq has welcomed this openness and called on the Egyptian economic sectors to expand its cooperation with Iraq in order to develop bilateral economic.”

It is noteworthy that there are several trade agreements between Iraq and Egypt, but did not take the space of a good implementation because of instability experienced by countries several years ago. LINK

**********

Frank26:    FRANK26 !!!!!!!!!!!!!!!!!!!!!!! THEY ARE NOT GOING TO SIT !!!!!!!!!!!!!

I could care less because my TEAMS only care about the IQD’s MR and amazing continual …….. LAVA FLOW !

Look …….. Understand ………. Realize what Egypt is TELLING The World ……….. BANKS !!

KTFA Family ………. To do this at 1166 is a mathematical impossibility !!!

Praise God we are Smarter Family …………. Amen.

KTFA,  Frank

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

Sager » July 7th, 2014, For Iraq to be ready to support Egypt’s economy means they are ready NOW, or they wouldn’t announce it in the first place! Good Stuff!!!

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

walkingstick » July 7th, 2014,

France hits out at dollar dominance in international transactions
By Michael Stothard in Aix-en-Provence   July 6, 2014 6:50 pm

France’s political and business establishment has hit out against the hegemony of the dollar in international transactions after US authorities fined BNP Paribas $9bn for helping countries avoid sanctions.

Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realise the necessity of using a variety of currencies”.

He said, in an interview with the Financial Times on the sidelines of a weekend economics conference: “We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don’t think so. I think a rebalancing is possible and necessary, not just regarding the euro but also for the big currencies of the emerging countries, which account for more and more of global trade.”

Christophe de Margerie, the chief executive of Total, France’s biggest company by market capitalisation, said he saw no reason for oil purchases to be made in dollars, even if the benchmark price in dollars was likely to remain.

“The price of a barrel of oil is quoted in dollars,” he said. “A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euros.”

One chief executive of a CAC 40 industrial group said he supported Mr Sapin’s push.

“Companies like ours are in a bind because we sell a lot in dollars but we do not always want to deal with all the US rules and regulations,” he said.

The uproar over the BNP fine at the usually sedate Cercle des Economistes conference in Aix-en-Provence highlighted what has become yet another friction point in transatlantic relations.

French officials lobbied heavily on behalf of the country’s largest bank and argued that BNP broke no European rules, prompting a debate about whether it had been the victim of US judicial over-reach.

Mr Sapin said he would raise the need for a weightier alternative to the dollar with fellow eurozone finance ministers when they meet in Brussels on Monday, although he declined to go into detail about what practical steps might emerge.

More than half of cross-border loans and deposits are transacted in dollars and in the last global survey of the $5tn a day foreign exchange market, the dollar was on one side of 87 per cent of all trades. Despite efforts to diversify, many central banks say that they still see no real alternative to the safety and liquidity of the US Treasury market, and hold more than 60 per cent of their reserves in dollars.

A senior French official cast doubt on the government’s ability to stimulate the further use of the euro in international trade: “In the end it is hard to know what they can really do. The market really decides these things.”

Mr Sapin on Sunday reiterated comments made last week that the French government was willing to sell some of the €100bn of corporate shareholdings, taking more of an “active management” over its stakes.

He declined to comment on the scale or pace of the sales but said the money would be used “for reducing the debt, for helping to finance our economy, the energy transition and housing”.

When asked about the possible return to politics of former French president Nicolas Sarkozy, Mr Sapin said: “That’s his business, that’s his choice and that of his friends. What is clear to me though is that Nicolas Sarkozy has really not changed.”

His comments followed Mr Sarkozy’s detention last week for questioning by an anti-corruption court, which prompted the former UMP leader to make a formal televised riposte.

http://www.ft.com/intl/cms/s/0/883e7912-0513-11e4-b098-00144feab7de.html#axzz36mhmqv8E

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Zerb:   ty newshounds…this is a very telling article…foreshadowing of the fall of dominance of the USD in world transactions. Total is a huge oil company in France. The decisions our govt is making will be the demise of the dollars dominance around the world. Not to mention look what France is doing to all it’s citizens…politicians will never wake up!

Family aren’t you glad we have this vantage point here at KTFA? Lord Jesus thank you for bringing me to KTFAlways Christian University to study with The Lord and learn the truths about International BS! Amen

Family, can you handle the real truth? We’ll leave the light on for ya!

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Frank26:   Hmmm………… I was just thinking that ……… Amen indeed.

KTFA,  Frank

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masterqbj1921 :  Well Turki this is about as stable Iraq GOI has ever been or ever will be so be so kind and provide us with an international rate.

The GOI may not be stable and seated in the western democratic sense, but for Iraq this is as good as it get. The only way anything gets done in this country is by dictatorship. Lets face it they were more prosperous with Saddam in office even on down to the worth of the countries currency.

I mean why not push the complete seating of the GOI off to next month, the politicians are not the ones suffering, they live in their million dollar homes off in other countries they can commit any crime they see fit for personal agendas.

Whats their motivation to even speed this process up, they get paid plus full benefits regardless if they do their jobs or not. The problem with these politicians is they cant see pass the present and their pockets. I wish that they could only model themselves from the Arabs of Dubai.

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 Frank26:  Excellent Post …… IMO .

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moneytalks1 » July 7th, 2014, Good morning Frank,

Does the GOi really need to sit for a rate? What is Turki waiting for? Xmas!!! I know the Goi are being silly little boys but surely the CBI has had enough and should get on with the show.   Chow.

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Frank26:  Friend…………. If Your Wife Loved another ………… Would You go on with Your marriage ?

The politicians are too in love with MONEY ……….. Not the CBI and her MR of their MONEY!

It will form ………. But as I said ……. They will use all 45 days to do so and more if they can squeeze them out of the AoP.

KTFA,  Frank…. Don’t be late for chow………

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walkongstick:  07/07/2014 17:48

Dawa Party refuses to postpone the parliamentary session and the House of Representatives calling for an urgent meeting

BAGHDAD / obelisk: the rejection of the Islamic Dawa Party, on Monday, the House of Representatives to postpone the hearing, which was postponed to the 12th of next month after it was scheduled to be held tomorrow, the House of Representatives calling for an urgent meeting to vote on the selection of the President of the new parliament.

He said the Islamic Dawa Party in a press statement received “obelisk” a copy of it, he “expresses its categorical rejection of the postponement of the session of the House and overtaking on the timings constitutional,” calling “the House of Representatives for an urgent meeting to reach an agreement and vote on the Presidency of the Council of Representatives.”
and called for political blocs and the House of Representatives to “assume their responsibilities and national constitutional to save the country from terrorist attack fierce.”

It is said that Hafiz session for new Council of Representatives to August 12 next, while explaining the postponement request blocs that there is no political consensus on the nomination of candidates for the three presidencies.

An alliance of national forces has revealed, on Monday, he had not been an agreement to provide its candidate for the presidency of the parliament, and while pointing out that he will not be providing the name of the candidate formally only in the framework of a final agreement to nominate candidates for the three presidencies, speaking on condition to provide the National Alliance candidate for the presidency Minister.

It is noteworthy that a member of a coalition of state law, Abbas al-Bayati has confirmed, on Sunday, that the Sunni bloc had not submitted its candidate for the Presidency of the Council of Representatives to end now.

It is noteworthy that a coalition of national forces has revealed, on Sunday, announced the launch of new names within the Sunni political blocs in addition to the name of the candidate Salim al for the position of Speaker of the House.

The MP of the coalition of national forces Salah al-Jubouri has confirmed, on Saturday, providing a mass candidate Salim al for the post of Speaker of the House, at the Council meeting scheduled for next Tuesday.

A source familiar, on the thirtieth of June, as it was agreed on the choice of Salim al-chairman of the parliament compete with Hamoudi and Hussein al-Shahristani, the first deputy.  LINK

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Frank26:  LOL………. Oh These Silly Rabbits !!!

KTFA,   Frank

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walkingstick » July 7th, 2014,

Hindawi: postponement of Tuesday’s session to try to prevent al-Maliki to form a government

Published on Monday, July 7, 2014 14:47

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – A member of a coalition of state law Mohammed al-Hindawi, to postpone the hearing of the House of Representatives, to try to prevent the prime minister, Nuri al-Maliki to form a new government .

Said Hindawi’s (IMN ) , that “if the Council convened, it was not to be, however, cost Mr. al-Maliki to form a government because the candidate of the biggest winners in the elections will be announced as a candidate of the rule of law and not of the National Alliance even got ripped off, Mr. al-Maliki for the National Alliance will become the block the largest in the Council and this allows blocks of the National Alliance and other blocs . “

It was scheduled to hold the House of Representatives, on Tuesday, its second in the new legislative session is that the prime age Mehdi al-Hafez announced to postpone the hearing to August 12 was postponed to the next President of the Age Mehdi al-Hafez.

From: Ibrahim Saleh, Edit: Laith Mohammed Reza, n: Sachs

http://center-imn.net/2/index.php/2013-09-08-07-27-39/7577-2014-07-07-14-47-39
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Frank26:   TA DA !!!   

Take care ………. Bye

KTFA,   Frank…….