For those who can't get on OM, and who don't have access to the forum. I will post here the articles I like for the day and some of my thoughts. Check back later
Grab a pickax, and let's dig in to uncover the proof that the president loves the yellow metal.
It isn't one of the talking points his communications office has addressed, and it hasn't been the subject of impromptu remarks at speaking engagements. Nonetheless, it's clear that Donald Trump adores gold. In September 2011, he accepted a security deposit of $176,000 in the form of gold bullion. And in a 2016 interview with GQ, he opined: "Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We'd have a standard on which to base our money."
This is insufficient material, though, for us to be sure of his stance. Rather, it's his comments regarding the dollar -- and commerce in general -- that provide enough substance for us to discern his perspective. Since the price of gold often moves in opposition to the value of the dollar, it's logical to conclude that his comments, or actions, that adversely affect the strength of the dollar will, consequently, benefit gold prices.
So let's grab our shovels and unearth the evidence proving that Trump is an aficionado of gold.
IMAGE SOURCE: PIXABAY.
Blame it on the tractors
Although Trump apparently embraces the gold standard, the likelihood that the U.S. will return to it would be highly unlikely at best. It's his comments from a Republican debate that suggests his love of gold. Addressing what he characterized as unfair trade practices, Trump suggested that the U.S. has lost between 4 million and 7 million jobs because of China's efforts to devalue its currency.
Japan compounded the problem, he said, by devaluing the yen, giving companies such as Komatsu an edge over American-based companies. Trump claimed: "Friends of mine are ordering Komatsu tractors now because they've devalued the yen to such an extent that you can't buy a Caterpillar tractor. And we're letting them get away with it, and we can't let them get away with it."
Apparently, the market has accepted Trump's claims. Since he has assumed office, gold has risen in almost exactly inverse proportion to the dollar index.
Walking back his tough talk -- but only a little
Despite the vitriol he showed regarding foreign currency manipulation during his campaign, Trump has since been more measured in addressing the issue. In an interview with The Wall Street Journal in April, Trump revealed that he didn't intend to label China as a "currency manipulator" -- a claim he made during the campaign. To do so could very well have resulted in a weakening of the dollar and a rise in the price of gold.
But that comment was just a snapshot of the interview.
Later, he returned to addressing the value of the dollar. And according to him, the dollar is getting ahead of itself, suggesting the dollar was "getting too strong" and adversely affecting the economy. He may have been reluctant to place a label on China, but he wasn't afraid to reaffirm his general position: "It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency."
This statement, paired with his perception that the dollar was too strong, shook the market. Following the interview, the dollar dropped while gold rose.
Consistent with his previous statements, Trump has so far failed to label China as a "currency manipulator," but that hasn't compromised his strong stance against the country. Trade talks between the two nations ended in mid-July without any progress. Both countries agreed, however, to "work cooperatively" in pursuit of reducing the U.S. trade deficit.
And how did the market react to the unproductive trade talks with China? The strength of the dollar has since dropped approximately 1.54% as of this writing, and the price of gold has risen about 2.34%.
Investor takeaway
Hardly one to mince words, Trump has repeatedly proven his willingness to speak his mind on nearly every topic which grabs his attention. Gold, however, is something which he has been less direct about, but judging by his comments about the dollar, one can reasonably infer that he is partial to the yellow metal. This may come as welcome news to gold investors, believing that gold prices will continue to rise through a Trump presidency, but they must temper their excitement.
Trump's perspective on the dollar and trade relations may contribute to upticks in the price of gold, but his opinion is not the stuff upon which investors should base a long-term investment. Savvy investors know that successful investing is as much a matter of patience and discretion as it is recognition of market dynamics. In other words, the price of gold may rise as the president comments on trade relations and a weaker dollar, but these are temporary events -- something which long-term investors should disregard.
Scott Levine has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
(Baghdad: Al-Furat News) The parliamentary finance committee announced the inclusion of 900 thousand retired workers in the private sector of social security.
A member of the committee, Magda Tamimi, said in a statement received by the agency {Euphrates News} a copy of it will be "standardize the salaries of workers in the private sector secured as the salaries of workers in the government sector within the General Pension Fund." "The pension will also be transferred back in the event of the death of the retired worker, in addition to the maternity leave for women working in the private sector, like those working in the government sector." The cabinet voted last Tuesday to approve the social insurance bill, which guarantees all workers in the private sector a corresponding pension salary for state employees, in addition to guaranteeing the rights of families of the martyrs to provide a suitable source of livelihood. The Ministry of Labor and Social Affairs said that the new law will include organizing the work of the informal sector, which constitutes a large percentage of the Iraqi labor market and includes the privileges stipulated in the new law. It includes the existence of health insurance and insurance in all its forms, which represents a qualitative leap to correct and support the private sector in Iraq " . The ministry affirmed that the law "equates the benefits of the retiree in the public sector and the private sector worker, that is, he has unified the provisions of retirement in the country, which will generate real competition in the employment of jobs in particular, in addition to it will equal women working in the private sector, Maternity leave and other privileges ". The new law also includes, according to the Ministry of Labor, "several types of insurance will benefit the worker in the private sector, including what is done in the public sector as well as health insurance for the worker and insurance against occupational diseases and work injuries."
Deputy: We want a citizen state and the quotas have produced disasters
(Baghdad: Al-Furat News) President of the National Civil Movement Shuroq Abayji stressed the need for Iraq to a citizen state far from the components, noting that the system built on the quota produced disasters in the country.
"Our problem with the St. Lego law is that it is not generally supported in electoral systems that rely on higher votes, and the fair system is the highest vote system," Abayiji told AFP. She added that "the political blocs in whose hands the reins of power in all its joints put us a disbanded system in the previous parliamentary elections." "All the tools are used to preserve the same faces that emerged in 2005 and we objected to this. There is a political project to deal with the Iraqi people as Sunnis, Shiites and Kurds and therefore imposed on us and this regime proved to be a failure," Abayiji said. She pointed out that "the blocks that contributed to this process established sectarian quotas excellence, which significantly hampered the work of the state components. The system built on the quota generated disasters in Iraq, including corruption, unemployment, poor services and stealing money and others. "We do not want to compete for seats that the political class used to seize, but we want to play our role in reforming what is sabotaged, and the political process needs a new organization," she said.
Electricity: We will produce standard and provinces exert pressure
{Baghdad: Al-Furat News} The Ministry of Electricity accused the governors and the heads of provincial councils to pressure the electricity distribution circuits.
"The ministry is seeking to provide services to citizens, especially the problems that took place on the side of Karkh from Baghdad, and there are new lines for the transfer of electric power will enter the service soon in order to supplement the side of Karkh additional card up to 335 "Pointing out that" the two lines will open and the next few hours will witness additional hours for the roach. " "We are dealing with everyone positively, whether he is a deputy or an official or a citizen when the signal is a negative situation," the teacher said, adding that "the presence of deliberately harming the citizen last Wednesday was targeting the line (Mersad - Iran - Diyala), which feeds Baghdad and Diyala 400 mica Watt and dawn on Thursday was targeting the line {Musayib south of Baghdad}, which carries energy to the capital and Friday was targeted line [Diyala - Mansuriya}, "noting that" there are those who hit their interests once the solution to the power crisis. " He explained that "the production capacity reached 15 thousand and 700 megawatts, and will arrive in the next few days to 16 thousand megawatts in return there is 60% of waste, but the ministry through the service and collection will end this waste." "The center of control, which was established in Babylon with 67 billion dinars, is not one center, but seven centers of control in {Babylon, Basra, Wasit, Anbar, Nineveh and Najaf) to achieve justice distribution also," noting that "the province of Babylon, the power of up to 900 MW and hours The processing is satisfactory to the president of the provincial council and its members. " "The Ministry of Electricity is a ministry of service that implements the decisions of the Council of Representatives and the ministers, and so is an existing situation, and the ministry refers to the supreme coordinating body in the Council of Ministers to resolve these forms," the teacher said. And "there is pressure by a number of governors and heads of provincial councils on the distribution departments in order to exceed the quotas assessed that negatively affect the shares of Baghdad and the provinces, especially the Middle Euphrates, but increased production capacity makes this can be overcome." He pointed out that "the ministry prepares citizens during the processing will be satisfactory to citizens, and will stand a serious stand with the people of the torch area." As for the impact of informal settlements on the electrical power system, the teacher explained: "After 2003, because of the housing crisis, the agricultural areas and state lands were bypassed only in the capital Baghdad. There are 550 random buildings in addition to the rest of the provinces. These areas are distributed by the provisional measures to control these loads. " He stressed that "the informal areas included contracts of collection, but it is fair and reduced price and the ministry is determined to terminate the citizen deal with the owners of generators and makes his deal only with the Ministry of Electricity card stable and affordable prices and supported by the government." And suffer the capital Baghdad and the rest of the provinces acute shortage in the provision of electric power with temperatures above the {50} degrees Celsius.
The Municipality of Baghdad begins removing abuses and closing shops and companies that violate the laws
{Baghdad: Al-Furat News} The Secretariat of Baghdad began implementing the provisions of resolution (296) amended and closed shops, companies and factories in violation of municipal laws and regulations for a month in all parts of the capital.
The Directorate of Relations and Information of the Yemeni in a statement received by the agency {Euphrates News} a copy of it today that "the municipal departments in the Secretariat of Baghdad began to work the provisions of resolution {296} amended by closing commercial and industrial events and companies in violation of municipal regulations and laws for a month and remove abuses on the sidewalks and squares and places the public". She explained that "the decision allows the departments of the Secretariat of Baghdad to maintain the cleanliness of the capital and stop the phenomenon of abuse on sidewalks and carrots and public places and gives the authority to the municipal departments to close shops, companies, offices and restaurants for a month in the event of non-compliance with the laws either by stepping on the sidewalks or causing distortion and damage to central plots and facilities SOA and infrastructure services. " She explained that "the provisions of the resolution apply to all who throw the rubble of construction and waste in non-allocated places or to distort the squares and public roads by bypassing them or on the pavement or the destruction and destruction of parks and public parks and plantations and trees on the sides of public roads or in the middle. And called upon the secretariat of Baghdad to "cooperate with its service staff through compliance with the instructions and instructions issued by the relevant departments in a manner that enables them to perform their duties and the performance of its mission in providing services to the people of the capital Baghdad."
The Iraqi military preparations are in full swing in preparation for the battle of Tal Afar
The Supreme Military Command orders the Ninth Armored Division to immediately prepare for Tal Afar to prepare for its purge of jihadists.
Nineveh (Iraq) - An Iraqi security source said on Sunday that the senior military command had issued orders to the 9th Armored Division to prepare immediately for Tal Afar district, 65 km west of the city of Mosul, Ninawa province.
It is worth noting that Tal Afar is followed by three areas: Rabia and Shammar, and Zammar, consisting of 78 villages (49 Arab villages and 29 Kurdish villages), and Ayadiyah, inhabited by a mixture of Turkmens, Arabs and Kurds in its villages. (Kurdish) Kurdish villages in the area.
"The Ninth Armored Division, an important fighting force, proved effective during the liberation of Mosul from the control of the terrorist organization," said Maj. Safwan Kazim al-Assafi, commander of the military command distribution unit at the Iraqi Forces headquarters. "I gained a lot of combat experience, Field of street war ".
He added, "This led the senior military leadership to issue directives to the leadership of the division to immediately begin handing over the land-keeping tasks in Mosul to the local and federal police forces and preparing to go to Tal Afar to participate with the rest of the armed units, Edit it ".
The joint Iraqi military units were able to cut off all the roads connecting Mosul and Tal Afar and impose a strict siege on the organization in Tal Afar. The Peshmerga (Kurdish regional forces in northern Iraq) control the northern administrative borders of the judiciary, The Iraqi army and the popular crowd on its southern administrative borders.
Colonel Ahmad al-Jubouri, from the Ninewa Operations Command (one of the army's formations), said that "there are intensive military meetings to distribute the battle axes of Tal Afar to the forces that will participate in this battle."
He predicted that "the launch of the zero hour to start operations by the commander-in-chief of the armed forces, Haider Abadi, will be announced in the next few days after all leaders confirm the readiness of its fighters for this task."
The Ninth Armored Division participated in the clearing of neighborhoods and areas controlled by "Dahesh", through the thorough inspection and follow-up sleeper cells and the lifting of IEDs of roads and booby-trapped houses.
Kauaihn Iraq Articles:
Iraq issues an industry product to the UAE with $ 2.3 million
The exported quantity amounted to 23 thousand cubic meters of Prime Coat,
06 August 2017 01:10 PM
Direct: The State Company for Mining Industries of the Ministry of Industry and Minerals of Iraq quantities of the product prime prime average to the UAE, according to a statement to the ministry.
A statement on the ministry's website said Sunday that the quantity exported amounted to about 23 thousand cubic meters, worth $ 2.25 million, which was produced in the laboratories of Baghdad and Basra.The ministry has expanded the production lines of the mentioned material by raising the capacity from 7500 tons per year to 31,000 tons annually to cover the local needs and export demands, according to the statement.Hussein Alwan, General Manager of Mining Industries, looks forward to increasing the demand for other products produced by the Baghdad and Basra laboratories as the product of the developed, flenched and flattened cages during the rebuilding of liberated cities.The Prime Coat product is used to spray the streets during the cladding process.
The company announced in 2014 its profitability shift during the implementation of the investment plan projects for 2010 and 2013, and also revealed in that period its plans to implement a strategic project for the production of the production of silicon sulfate of 25 to 50 thousand tons per year.In April 2016, the company announced the export of the White Sapphire product, in cooperation with the UAE company Rar Razan, in addition to signing a contract for the production of all kinds of oils with a license from the German company Fox, which will carry the new product at the rate of 100 tons per year.
The federal police found a chemical bomb factory on the right side of Mosul
06-08-2017 TheFederal Police Command announced on Sunday the discovery of a chemical bomb factory in the Old City of Mosul. His forces, as a result of continuing to purge the old city of wasteful residue, have found a plant for the manufacture of chemical explosives and the development of Krad missiles," Federal Police Chief Major Raed Jawdat said in a statement.It has captured large quantities of diluted phosphates, acers, caustic soda, and Si-4, which are involved in the manufacture of chemical bombs," the statement said.
Parliamentary power reveals a "great waste" of public money in two ports in Basra
Baghdad / Al-Ghad Press:06-08- 02017 A member of the parliamentary energy committee, Jamal al-Muhammadawi, warned on Sunday of a great waste of public money in the ports of Basra oil and blind, noting that the waste estimated at 19 million dollars annually. Al-Mahdawi said in a statement received by Al-Ghad Press, a copy of it, during the hosting of the Energy Committee of the Advanced Staff in the Ministry of Oil, represented by the Ministry of Extraction Affairs Minister Karim Hattab and Director General of the Basra Petroleum Company, Hayyan Abdul Ghani. Al-Aamiyah is full of corruption suspicions and represents a great waste of public money and a waste of the wealth of Basra Oil Company. "
He added that "the port of Al-Aamiyah rents accommodation for its employees at a cost of (55 thousand dollars) a day, about 19 million dollars a year, a huge amount compared to the size of services provided in this housing." Al-Mohamadawi, MP from the province of Basra, expressed his "surprise at the waste of this money in renting accommodation for workers in the port and did not think the company to build adequate accommodation for its employees will be the property of them and provide them to pay these huge amounts annually, knowing that it has the financial potential to qualify for the construction of sophisticated specifications instead of Renting a dilapidated old housing that does not have the minimum conditions required for the convenience of workers. " He pointed out that "the Basra oil company was seeking to build housing for workers in the port of Basra oil, which is the main port for the export of Basra oil and the assignment of the tender in 2016 to a company, but the contract was not completed for various reasons and they are now trying to buy housing similar to Khor al-Amaya, Specifications required for the safety of marine life in oil platforms because it does not contain amenities and safety.
Through Infallible .. Rouhani sends a "padded" message to Barzani
In a letter "lined" addressed by President Hassan Rowhani to the President of the Kurdistan region, which seeks to establish a Kurdish state and secession from Iraq ..
Rohani said during his meeting with President Fuad Masum that "Iran is ready to develop its relations in all areas with Baghdad," stressing during the meeting with President Fuad Masum that Tehran supports "unity and national cohesion in Iraq."
Rohani said during the meeting that his country attaches great importance to protecting security and stability in Iraq based on common security interests between the two countries. He pointed out that Iran is the first country to support the Iraqi people and government in the face of an oppressive organization.
The Iranian president also expressed his "pleasure at the successive and bright victories achieved by the Iraqi people in their war against the terrorists," calling for steps to ensure more facilities in the field of bilateral economic cooperation including the businessmen of the two countries and deepen the close relations between them.
He added that "facilitating the procedures for visits and issuance of visas contributes to the completion of this matter," pointing out the need to develop cooperation in the field of road and railways and remove obstacles and the development of banking relations between the two countries.
Rowhani also stressed the great importance Tehran attaches to defending the territorial integrity and unity of Iraq. He said that "any change in geographic boundaries would expose the region to crises that last for decades." He added, "We want a united Iraq and we always look forward to unity Between Shiites, Sunnis and Kurds in the face of the enemies of Iraq. "
For his part, congratulated his Iranian counterpart on his re-election to the presidency of the Republic, and expressed the hope that bilateral relations will see further development during the next Iranian government.
"Iraq has great wealth and wants to benefit from Iran's experience in using its energies to reduce dependence on the economy based on oil and gas resources, and Iran has successfully pursued this policy," Masoom said
Da'ash reveals her ugly face in Tal Afar and goes beyond the self
(Baghdad: Al-Furat News) The gangs of terrorist sympathizers revealed their true face in the city of Tal Afar, west of Mosul after they falsely dressed and flattered the principles of the Islamic religion.
A source in the city of Tal Afar told the {Euphrates News} that "the gangs of Da'ash terrorist has turned in recent times, especially after the major violations that were inflicted on the material and moral levels in the city of Mosul and other provinces that were under its control to abandon its legitimacy through its arrival For convictions that God did not stand by them and support them in their terrorist operations. " The source quoted the "the establishment of princes in the district of Tal Afar issued directives to leave the prayer and shaving the beards and take off their Afghan uniforms and the burning of religious sources adopted by them, as a tactic to restore victory in their areas of control."
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Don't miss a single TNT Tweet
Just send a text message from your cell phone to: 40404
Follow @THE_TNT_TEAM
GLOBAL/NEWS/INFO
The week ahead: 5 things to watch on the economic calendarInvesting.com
GCC bourses likely to rise on oil prices – Analysts Mubasher
By: Mahmoud Gamal Mubasher: Most GCC bourses are expected to continue their uptrend on Sunday, amid the rise of oil prices to reassuring levels and disclosures of good first-half financials, analysts told Mubasher Higher oil prices will push the …Read the full story
5 Best Tips To Control Rising Credit Card DebtChron.com
MoneyTips Are you carrying ever-increasing balances on your credit card? If so, you must take steps to control it before you enter a debt spiral – a situation where you are accruing so much collective debt and interest on that debt that it becomes effectively unpayable. You can never catch up without a drastic change in spending or income, or in the worst case, bankruptcy. How can you prevent a debt spiral? We offer 5 tips to prevent a trip to the poorhouse. 1. Track Income and Expenses – It'sRead the full story
Credit Card Rewards Are Playing Harder to Get Bloomberg
Citigroup Inc. just unveiled an updated version of its premium credit card, the Citi Prestige. The new card is made of metal—like its direct competitors, Chase Sapphire Reserve and American Express Platinum—and comes with attractive perks including free nights at hotels, an annual $250 air travel credit, and a sign-up bonus of 75,000 points, which, according to Citi, are worth $935 in air travel. There’s a catch, though: To get those 75,000 points, cardholders must spend $7,500 on the card inRead the full story
Why can’t Americans ditch checks? Denver Post
By Katie Robertson, Bloomberg News The first time Amelia Howells ever wrote a check, she was 28 years old and standing in a Connecticut apartment leasing office, with no idea what to do. The British expat had just moved to the U.S.; she’d never had to write a check in London or during her seven years in Switzerland. Related Articles August 6, 2017 End your car lease without getting dinged August 6, 2017 Older people dying on job at higher rate than all workers August 6, 2017 Don’t DIY: BusinessRead the full story
Hong Kong banks hoard capital as they await new Basel rules South China Morning Post
Local lenders likely to be more affected than larger Hong Kong banks, due to lower capital levels and less expertiseRead the full story
What Percent of Bank of America Does Warren Buffett Own? The Motley Fool
Berkshire Hathaway is now Bank of America's biggest shareholder.Read the full story
A Conversation With Hugh McColl, the Former CEO of Bank of America The Motley Fool
McColl is a legend in the bank industry. Here’s what the 82-year-old former bank executive thinks about it today.Read the full story
TREASURIES/ BONDS/ STOCKS
A bunch of indicators are warning of 'a break in the stock market' Business Insider UK
Alarms are going off even with the stock market at an all-time high. The obvious ones include a degree of complacency illustrated through low volatility and the overall valuation of the stock market. But there are more reasons to be concerned below the surface. Brad Lamensdorf, the portfolio manager of the short-only Ranger Equity Bear ETF, laid out some of the more hidden warning signs that may be worth looking into. "As the indexes continue to produce a series of higher highs, subsurfaceRead the full story
The stock market’s historically worst 2 months are dead ahead. Time to worry? MarketWatch
If stocks docilely follow the path dictated by history, the market will soon be charting a course for the two worst months of the year when equities typically underperform. But there are reasons to believe that any impending selloff may not be as cataclysmic as feared.Read the full story
INSURANCE
Senate Votes on Dr. Rand Paul’s Obamacare Repeal Amendment Insurance News
WASHINGTON , July 26 -- The office of Sen. Rand Paul , R- Ky. , issued the following news release: Today, the Senate voted on U.S. Senator and physician Rand Paul's amendment, the Obamacare Repeal Reconciliation Act, which was introduced as Amendment No. 271 to the American Healthcare Act of 2017 [HR 1628] last night. The vote was 45-55. Dr. Paul released the following remarks: I'm a physician, an eye surgeon. I've spent my entire life in medicine. I have seen the disaster that is Obamacare upRead the full story
Division of Insurance Launches New Online System for Consumers to Submit Insurance Complaints Insurance News
DENVER , Aug. 4 -- The Colorado Department of Regulatory Agencies issued the following news release: The Colorado Division of Insurance (DOI) recently launched a new online system for consumers to submit their insurance complaints. The mission of the DOI, part of the Department of Regulatory Agencies (DORA), is consumer protection. The DOI's Consumer Complaint Portal enhances its customer service capabilities, and offers a fast, secure way for consumers to communicate their insurance-relatedRead the full story
The 10 Most Affordable Vehicles to Insure The Cheat Sheet
Source: Thinkstock When it’s time to buy a new car, many shoppers don’t really take into account what they’ll be paying each year for insurance — despite that insurance costs really make a difference in total costs of ownership. So, it makes sense to know a little bit about how different cars stack up: After all, we pay attention to the sticker price on the lot. Why not “kick the tires” on insurance costs as well? Many of us understand some of the most basic things about how a car model getsRead the full story
Duterte's 'Build, Build, Build' plans hit Philippine peso Reuters
Philippine construction firm Teravera Corp is planning to raise a fourth dollar loan in a year, after borrowing around $2.5 million to buy dozens of excavators, road rollers and dump trucks from China, South Korea and Japan.Read the full story
USA
The world is split over whether the US or China is the dominant economic superpower Business Insider UK
The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Since the collapse of the Berlin Wall in 1989, the world has had one undisputed economic superpower: the United States. But while the U.S. has enjoyed its moment in the sun, the balance of power has been slowly shifting towards the inevitable rise of China. It’s been a long time coming, but China now has the manpower, influence, and economic might to compete at a similar level – and if you ask people around the world, they’Read the full story
Analysis | Kellyanne Conway said finding leakers is easier than leakers think. She might be right. The Washington Post
The White House has sought to quell the tide of information spilling. Here's how the investigations might look.Read the full story
When it comes to the US economy, it seems the political circus is irrelevant The Independent
Venezuela's currency is crumbling as unrest rages in the countryTheJournal.ie
VENEZUELA’S CURRENCY, THE bolivar, is sinking faster and faster under an intensifying political and economic crisis that has left citizens destitute and increasingly desperate. Its depreciation accelerated this week, after a disputed vote electing an all-powerful “Constituent Assembly” filled with allies of President Nicolas Maduro, which the opposition and dozens of countries have called illegitimate. On Thursday alone, the bolivar slumped nearly 15% on the black market, to be worth 17,000 toRead the full story
Abu Dhabi Global Market, KPMG launch fintech challenge for start-ups Gulf Business
The programme sees fintech firms asked to address challenges in six areas of the financial services industry The post Abu Dhabi Global Market, KPMG launch fintech challenge for start-ups appeared first on Gulf Business.Read the full story
Israeli police investigating Netanyahu for fraud, bribery POST Online Media
Court proceedings this week confirm police are investigating Israeli Prime Minister Benjamin Netanyahu for fraud, bribery and breach of trust. Police mentioned the investigation in a gag order to block reporting on negotiations between prosecutors and Netanyahu's former chief of staff, who will testify against the prime m...Read the full story
Israeli official: Netanyahu won’t resign if indicted The Detroit News
Israel’s justice minister says even if Netanyahu is indicted on corruption charges he’s not compelled to resignRead the full story
AFRICA
Miners look for ways to break South Africa deadlock The Telegraph
Miners are drawing up proposals for a new charter in South Africa after rejecting the government’s latest effort as a dead duck.Read the full story
ASIA
China likely to surpass Japan as second-largest contributor to U.N. budget in 2019 The Japan Times
China is expected to overtake Japan as the second-largest contributor to the general U.N. budget beginning in 2019, according to the global body’s latest report ...Read the full story
Mergers and acquisitions from mainland to the US just a tenth of 2016, in first half of this year South China Morning Post
Experts blame the double whammy of US’s protectionist leanings and tighter capital outflow scrutiny by the Chinese Central Bank and main lendersRead the full story
Iraq gets loan from Japan to develop thermal power station RiyadhVision
:: Iraq is promised to get a loan of $195 million from Japan to develop a thermal power station in Basra province, said an Iraqi government statement on Saturday. The loan was signed during a visit to Iraq by Japan’s State Minister for Foreign Affairs, Kentaro Sonoura, who met Prime Minister Haider al-Abadi, the statement said, Xinhua reported. Iraq needs external financing to plug a budget deficit of approximately 25 trillion Iraqi dinars ($21.44 billion) for this year as it grapples with lowerRead the full story
EUROPE
Merkel Courted by Pro-Market Party Seeking Return From the Wilderness Bloomberg
German Chancellor Angela Merkel gained a political suitor as a pro-business party vies for her favor on the expectation she’ll win another term in a national electionon Sept. 24.Christian Lindner, head of the Free Democratic Party that’s campaigning to re-enter parliament after a four-year absence, told Sunday newspaper Bild am Sonntag he foresees a Merkel victory over Social Democrat Martin Schulz. In that case, the party that finishes third would be a gauge of the national mood, said LindnerRead the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Monday, August 7, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is159,787,739. There are no updated news and announcements for Monday, August 7, 2017.
ISX Update:
The ISX latest update is Shares Traded is31,285,317,975and Values Traded is31,174,899,512. The ISX ended in GREEN.
8-6-2017 Newshound Guru Kaperoni Article: "Saleh: Iraq's sovereign bond issue {Euphrates}" Quote: "He pointed out that the important thing in this issue is the confidence of investors in the Iraqi economy..."I do not know a lot about bonds, but this seems to me to be great for Iraq. It will kick start many stalled projects, as well as send a signal that foreign investment investors are ready to participate in Iraq. No time to waste
8-6-2017 Newshound Guru Kaperoni Article: "A slight rise in the exchange rate of the dollar on the stock exchange and its stability in local markets" Quote: "The price of the dollar against the Iraqi dinar rose slightly on the Kifah Stock Exchange in Baghdad, while prices stabilized in local markets on Sunday (6 August 2017). Kifah stock exchange - Baghdad 125.800, while prices for Friday was 125.700." Just a reminder on the math..1207 or less is within 2%. 1255 is about 6%.
8-6-2017 Newshound Guru Aggiedad77 Article: "Localization of salaries of employees .. The last days of dinar paper in Iraq" Quote: "The Iraqi government has already begun to implement the project to settle salaries by handing over the salaries of its employees through electronic payment cards issued by banks operating in the country through deductions up to two thousand dinars." ...can you see what is coming...CAN YOU SAY WE TOLD YOU SO...so fits into all that Frank [Guru Frank26] has been sharing for days...weeks...months...it's coming...the BEST will soon be upon us...IMO.
8-6-2017 Newshound Guru Breitling…it’s in their parliament. The justification report to get to that stage was it needs to get to $1.13 before that so they can stage the economy correctly so they can get to the $3 rate again. This report was put out by parliament…the whole idea behind it was the justification for an exchange rate adjustment. So it’s staged and the four stages are 1. Putting U.S. dollars into the Iraqi economy so the people have a solid currency. 2.Reestablish their currency [The dinar].3. Through that currency and through the exchange rate reestablish their economy…get their economy to a $1.13 or around a dollar. 4. And then from $1.13 they can get to to the $3 range. [Post 2 of 2. See part I below...]
Received via email at 12:36 AM EDT for publication. ~ Dinar Chronicles
Not sure how to post the intel tonight. So I'll just say wow.
The cabal was pronounced dead this week on Friday afternoon at the ASEAN summit in Manila. Over. Gone. Dead. Poof.
Words that come to mind are easy, simple, invisible, abundant and safe. Love defeated fear in every corner of the world.
Hallelujah!
All global geopolitical negotiations have been completed. There's world peace now, including North Korea and Qatar, Ukraine and Palestine. Even Syria and Yemen.
That one took my breath away.
Never in a million years did I think the RV would occur over a series of years both pre and post RV, but that's what the NPTB have designed this to do. Stretch out. Breath before and after the release to ease into the higher consciousness.
An enormously long runway was designed to deliver the true force of these financial reforms, accomplished over decades of which we are right in the middle of.
Wow.
Meaning, rates won't change all at once on forex screens, but all rates will constantly change over many months and years after the T4 release, including the ZIM which has already publicly been reintroduced at 1:1.
It's all an inside baseball kind of event. A club opening that passes down verbally between friends.
Social media hints or ego based tells will be immediately erased as teams of techs will be omitting content from the web for months and years after the release.
When the Zimbabwe government issued its gold backed currency announcement two weeks ago, that was the public start of the RV in terms of a currency revaluation and reinstatement of the global gold standard by a free sovereign nation.
No grand GCR/RV announcement is up coming from some high profile G20 meeting ushering in a package of global reforms, but several scattered announcements will sparatically roll out from individual nations that say they are independently switching over to the gold standard like on the winds of a warm summer breeze--a la Zimbabwe who was honored by the Chinese Elders with being the first out of 209 nations to go public.
The 800#s you seek already exist with each participating internationally currency exchange-able bank, and the RV will commence utilizing their normal front of the house web presence functioning per usual.
New rates will go live in these banks but all elder will remain 100% normal.
The ZIM will have its own 800# that non participating ZIM redeeming banks will issue to ZIM holders and help assist them in obtaining a redemption appointment.
No drama. Subtle. Quiet. Easy. Private.
All banks will organically and very gently direct ZIM redeemers to an HSBC/military call center and redemption location worldwide. The security for ZIM holders especially will be triple compared to other redeemer's we are told--whatever that means.
Private rates will be negotiable, but never discussed unless the redeemer knows they exist and initiates such a discussion with job creation/humanitarian projects in mind only.
In Europe, 95% of all test redemptions have never heard of sovereign rates. 95% of all ZIM redemptions took less than the 1:1 screen rate. That was out of 25,000 test cases over several months.
Might be a different story here in the US and Canada because of higher quality intel sites and providers. Way to go Patrick!
It was the western banking cabal that would no longer accept the ZIM bond notes in 2009. However all that obviously changes now with the release of new T4 currency rates/transactions worldwide.
The ZIM's 1:1 par number will be the starting point for all negotiations, with higher sovereign rates available only for redeemer's sincerely looking to create jobs and/or fund humanitarian projects.
Projects really do matter in obtaining higher sovereign rates for any currency.
But know you may ask for whatever you feel you are worth with or without a project(s) prospectus. You alone will determine your own economic ceiling for the first time in your life!!!!! So be bold and step up strong into your highest self!!!!!!
Rates for all other currencies will be shown on the screen and honored per normal--but those rates will not be made public initially and not for some time after we are told.
Rather, all rates will be gently raised and lowered depending on their true audited value on the new financial system. This will keep he public, investors and markets calm.
No drama in a super slow exchange process, as nothing on the exterior banking facade will change fast.
Again, private rates can and will be negotiated for all currencies, but again it's wise to arrive with job creation / humanitarian project(s) plans in hand to make your strongest case.
In summary, the RV will just suddenly be there at some point this week (when was not revealed but soon); as all participating banks were told to be fully staffed and ready to proceed at any moment as of July 1st.
Even the banks don't know when the RV will start! And market makers are speculating on the RV start time daily--thinks why the American markets continue to rise.
It's now August 7, and will be August 8th on the other side of the international date line in less than six hours.
And in a single moment the RV will just be there. Maybe tomorrow morning. Same infrastructure. Same 800#s. Same currency exchange locations.
The mass staffing of redemption centers was sent home and was deemed a total lost leader meant to mislead and distract the cabal away from the true mastermind plan.
Wow.
We have been told the NPTB have reduced currency exchange inflow down to a "harmless trickle." Meaning, there is just not that many of us die hards left.
We're dinosaurs, folks. Relics. Antiques.
Sobeit.
Catnip:
ARTICLE 1 (from PM Abadi's website)
Last postings are dated August 5, 2017.
***************
ARTICLE 1-A
National Conference: The decision to distribute land to fighters as a tribute to the former regime 2017/8/7 9:54 [Ayna-Baghdad] The Secretary-General of the Iraqi National Congress, Aras Habib, said on Monday that the privileges granted to those who deserve the fighters and others should not be honored in the way of the former regime. In a press release, Habib said in a press release that "the services provided by Shahrat are the first function of any government and the legislation of laws, despite the delay of the most important to date. This is the first task of the legislator, Dreamed of by himself. " "The waste of citizens' rights is an issue we can no longer tolerate," he said. On 29 July, Prime Minister Haider al-Abadi issued a decree ordering the allocation of land to the families of the fighters who were martyred in the battles of the confrontation with al-Daheshi terrorism and the liberation battles of the armed and security forces of all kinds, the popular crowd, the volunteers of the tribal crowd and the Peshmerga. The battles that are unable to work. "The Ministries of Finance, Reconstruction, Housing, the Municipality of Baghdad and local governments will each set up 200 square meters of residential land in good residential areas within the municipal boundaries of the administrative units. He added that "the land is allocated after the provision within the basic designs adopted in each administrative unit according to the residence of the family of the martyr or disabled and according to the housing card and by drawing lots between the covered."
***************
ARTICLE 1-B
Abadi office: (7 million) citizens receive monthly salaries from the state
BAGHDAD, Aug 6 (KUNA) - Prime Minister Haidar al-Abadi's office revealed on Sunday the number of citizens receiving salaries from the state, pointing out that the government's financial obligations have led to austerity measures. "Seven million citizens are receiving monthly salaries from the state and more than four trillion dinars per month, in addition to other financial obligations of the government to farmers and contractors, and spending on important sectors such as education, health, electricity and basic services," said Saad al-Hadithi, a spokesman for the office. As well as the humanitarian response in the IDP file. " "In light of these urgent commitments, the government has resorted to austerity policy and rationalization of government spending and pressure the public expenditure of the country." He added that "the government has succeeded in reducing the dependence on oil imports and reduce its proportion in the public budget to about 85% compared to diversify the resources of the state and activate the role of many sectors in the budget of Iraq and work is under way to make further progress in this path." Finished
*************
ARTICLE 2
US Ambassador to Jibouri: Iraq's unity is an important step in a confrontational confrontation 2017/8/6 18:20 [Ayna-Baghdad] DAMASCUS, (SANA) - Speaker of the Iraqi Parliament Salim al-Jubouri discussed on Sunday with US Ambassador to Iraq Douglas Suleiman the most prominent political and security developments in the region. "The two sides discussed joint coordination in the fight against terrorism and the war against the terrorist, as well as the reconstruction of the liberated areas and the return of displaced people," a statement from the al-Jubouri office said. "The liberation of the remaining areas requires more coordination between Iraq and the international coalition to end the occupation of the areas he controls, and start the reconstruction of destroyed cities and the return of displaced to their areas as soon as possible." "In the next stage, we are expected to have the important benefits of passing important laws and starting to complete the liberation of all the lands under its control and urging the return of the displaced, which requires the concerted efforts of all international and local communities to accelerate their realization." For his part, the US ambassador expressed his country's keenness to support Iraq in its fight against terrorism, stressing that the unity of Iraq in the face of calling the terrorist is an important step towards restoring stability and security in all regions of the country.
*************
ARTICLE 3
Jubouri stresses the importance of reaching parliamentary blocs to a compromise formula for the election law 2017/8/6 16:13 [Ayna-Baghdad] The Speaker of the House of Representatives Salim al-Jubouri, on Sunday, the importance of the parliamentary blocs reach a compromise formula for the election law to give priority to the supreme interest of the country. "The Parliament is keen on the unity of the position between the political blocs on reaching an acceptable formula for the election law," the statement quoted the head of the political blocs in the House of Representatives as saying. He pointed out that "the current stage requires everyone to rely on the language of dialogue and calm and stay away from political escalation, which will lead to more complexity." "We are keen that the sensitive texts in the laws have taken a lot of discussion and dialogue before voting on them, especially those that have repercussions on the popular mood," Jubouri said. "Iraq is passing through an important stage, which requires us to exert utmost efforts to pass the election law so as to ensure the representation of all without exclusion and enhance the confidence of the Iraqi citizen and meet his ambitions in the reform file," he said.
*************
ARTICLE 4
Barzani: Turkey and Iran refused to referendum because of the presence of Kurds and Washington sees the time is not appropriate
Arbil - Iraq Press - August 5: The President of the Kurdistan region Massoud Barzani, on Saturday, that the referendum process, which is scheduled to be held in the Kurdistan region on September 25, will not pose a threat to anyone, but the survival of the situation as it would pose a great danger, According to Kuwait News Agency (KUNA). "The purpose of the referendum is to protect the people of Kurdistan from the recurrence of disasters and tragedies in the future," Barzani said in media statements. On the concerns of the countries of the region of the referendum, Barzani said that "the countries surrounding the region should not be afraid of the referendum, as the Territory has proved in the past 26 years as a stabilizing factor in the region." "The region's economic and political relations in the region will be stronger after the referendum," he said. Abarzani said that "the Iranian-Turkish objection to the referendum is due to the presence of Kurds in their countries," pointing out that the United States did not show rejection, but said that the time is not appropriate. He stressed that the referendum is the decision of the people of Kurdistan "and the people is higher than the parties will not give up his right and will not retreat from his decision under any pressure." Barzani pointed out that, based on past experiences, it is better to have the region and the Iraqi government good neighbors to prevent the occurrence of more problems, according to the agency "KUNA". On the current situation in Mosul, he said that "had it not been for the Peshmerga forces, Mosul has not liberated and defeated the organization of a preacher," adding that the region received more than one million displaced by the military operations in Iraq. Finished
*************
ARTICLE 5
The seizure of a chemical explosive plant in the old Mosul
Nineveh, August 6 (UPI) - The Federal Police Command said on Sunday that a factory was found to manufacture chemical explosives in the old city of Mosul. "The federal police continue to purge the old city of relics and have managed to control a plant for the manufacture of chemical explosives and the development of Krad missiles," Major General Raed Shaker Jawdat said in a press statement. "The seizure of large quantities of diluted phosphates, acers, caustic soda, Once involved in the manufacture of chemical bombs. " AH
*************
ARTICLE 6
Destroying a number of bridges and headquarters belonging to Daash with air strikes in Tal Afar
NINEWA, Iraq, Aug 7 (KUNA) - The Iraqi Air Force Command said on Monday that, based on information from the intelligence cell, its fighters fired at the bridges and barricades used by an organization calling for movement inside Tal Afar. "The Iraqi air force targeted several buildings for the center of the district of Tal Afar, and bombed the bridges and arches used by them to mobilize within the judiciary." Referring to "the withdrawal of elements of the extremist organization from the outskirts of the southern Tal Afar and the destruction of paved roads in an attempt to disrupt the forces in the event of the launch of judicial liberalization and public announcement within the judiciary." AH
*************
ARTICLE 7
"Sniffing" banana smell helps to lose weight
CHICAGO, Aug 6 (Reuters) - People are usually thirsty to increase their appeal and resist sweat, but a health expert recently noted that natural smells have many health benefits. Alan Hirsch, a physician and founder of the Chicago Smell and Taste Research Foundation, explains that any fragrance being used can help control appetite. Hersh offered fruits of bananas, green apples and peppermints to some obese people, noting that those who took them were more likely to lose weight than those who did not. Those who want to feel calm must smell orange, while those who want to revive the memory should resort to the smell of Rosemary. According to the site of "diet", the scent of the plants of lavender and mint can help to fight pain, but the smell of essential oils have menstrual cramps. In the same vein, the smell of baby powder increases the vitality and excitement that the smell of pink crepe fruit makes people feel that their age is less and that they are becoming younger.
No comments:
Post a Comment