TNT CONFERENCE CALL FRIDAY 12/1/17 DC NY CALL RECAP
Good afternoon TNT Superfantastic Family. Today is Fantabulous Friday. We are going to talk about a few things. Wow December 1, and we are still here looking for the elusive RV. Who would have thought we would still be here in December. Well some people thought that since they had received it as information that we would still be here until December. We move forward with this information and lets see if there are any questions on the board. Q and A: The canary is not only still singing and some other canaries have joined the group. Still don't have the fat lady though, but as long as the canaries are singing, I am a happy camper and you should be too. Now I am going to address a few things that at this time I thought would have been made fully public, so I have to modify the delivery I was planning for you for today's call, because I was expecting things to be all out there in the open. We are gonna go with what we have information wise. I will share what I can share and modify it.along the way. the 2018 Budget that I shared with you on Wednesday when I talked about a budget, it is my understanding it was submitted to Parliament for a vote but they did not have a quorum necessary to have a productive session. That was my last information on that. Something may have possibly changed today but I know yesterday that is what I received that it was not a quorum, so they could not have the vote. Some of the Parliament members said I am not coming, and for whatever reason they did not show up. Now as far as the illusive speeches the ones from last Saturday and last Sunday from Abadi, I can at least share with you that one was given and seems like an RI was being generated from that. For clarification on that, another was given to confirm the RV. To my understanding at this point, they are still not out there publicly for people to read and review and I will just go with the information I have. I am doing that since from the sources I am receiving that have been stellar sources so far. Some information has been to early, but it still did manifest. So these announcements are supposedly supposed to be saying whatever is going to happen, it is targeted to happen on or before December 2nd which is tomorrow and we will patiently wait and see if somthing materialized on or before December 2nd. Now we are getting reports over there or a current rate of 2 to 1 with it eventually shifting to 3 to 1. We don't know the timing behind that. That is the report that is being given to me, and the source that it came from I am OK with that so i don't mind telling you that. Even though I know I am sharing with you things I cannot publicly confirm at this moment. At least I couldn't earlier today, until I hear from some more sources. Where do we go from here. Other information told me that emails had gone out to the banking community with instructions to commencing the IQD. It doesn't say exactly when but I took that to mean immediate upon receipt, but we learned the bank still had not engaged that. Where the email process is right now in regards to that which banks have received it and which ones have not, it is the thought process of whatever they received that they are waiting for the December 2nd announcement to fall in line. That is my assumption, so that means we might see some of that tomorrow should those speeches surface be made public, and everything could come right out on December 2nd. Possible, and we did have on screen rates today temporarily of $3.54 but that was temporary and that was a rate. Some banking folks have reported that on the screen. Now upon further investigation, it disappeared and they could not process it. Dont' know if they were planning on that. We didn't get that far in the research. The only other thing I am going to share with you, we are also awaiting more definitive information is the tax application. The only thing I am at liberty to say right now, there is going to be a different treatment for US exchanges verses non US exchanges. As we learn more definitive information, we will share that with you. Let me go to the questions on the board. Q and A: Q: Can you same more what was supposed to happen on Nov 30 and December 2nd? Ray: I just did. There was more conviction for December 2 and that was more on the money. Q: In regards to the 13 banking seminars will any be near Colorado? Ray: I have mulitple locations and you can pick the one closest to northern Colorado. Q: What happened to the $3.68 rate that your mentioned. Ray: I don't know. It was supposedly in the budget but dont know where they are right now. Callers: Caller: After they vote on the budget is it true they have to publish it in the Gazette? Ray: If it is in there, then that is a confirmation. Publishing in the Gazette is proof the law was passed.Caller: I had a question about the exchanges and the potential tax consequences and how they are different if they were US vs non US. Is that exchanges within the US or outside the US or was that foreign currency exchanges. Ray: I need to get more info on that and think it has to do with the nationality of a person. Caller: 66 banks will be on the Forum. Ray: That will be where the conference calls are posted. Caller: Will it be taxable? Ray: I don't know. I am happy where we are in the grand scheme of things. Ray's Wrap Up: This is fantabulous Friday. December 2nd kicks in a few hours and if there is anything substantial about Dec the 2nd we will let you know. Don't stay up all night waiting for something. Whatever the case may be and whatever it is that is what it will bewhen it happens. If it is worthly of sending out a text in the middle of the night, I will do that, but if not I won't. What is supposedly to take place, we hae been here before also announcements that are supposed to be made that are not made, things that are supposed to take place and did not take place yet and knowing sooner or later all of this will be a memory to us. It will be in the past tense and not sure when it starts. I have not received any 800 numbers or notifications of 800 numbers. I have not done any SKR exchanges and lets see what happens as the weekend unfolds and as soon as I can information that I deem to be good info, I will share that with you. I am waiting to get somemore detailed info and looking forward to an exciting weekend information wise and hopefully and exciting week activity wise. So for now just enjoy your Friday. Enjoy your weekend and lets see what happens.! Rayren 98
Word on the Street Friday 11/30/17:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.2000 | 1,159.5000 | 1,159.5000 | | 07:09 |
| USD/VND | | | 22,677.5000 | 22,245.0000 | 22,245.0000 | | 07:09 |
| USD/CNY | | | 6.6160 | 6.6001 | 6.6134 | | 07:09 |
| USD/KWD | | | 0.3017 | 0.3007 | 0.3017 | | 04:15 |
| GBP/USD | | | 1.3543 | 1.3477 | 1.3543 | | 07:09 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,542.0000 | 13,521.0000 | 13,531.0000 | | 07:08 |
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DC NY Iraq Articles:d
Iraq's oil exports from its southern ports record an unprecedented historical record
Dec 01, 2017
BAGHDAD (Reuters) - Iraqi oil minister Jabbar Ali Hussein al-Luaibi said on Thursday that the rate of Iraqi oil exports from the southern ports to three million and 900 thousand barrels per day, the highest rate of export to Iraq from southern ports in its history.
"The efforts of the workers in the fields of the center and the south have resulted in achieving the ministry's goals in increasing the rate of oil exports from the southern ports after the cessation of oil exports from the northern port," the ministry quoted the minister as saying.
He added that «verification confirms Iraq's export capacity to increase oil exports and achieve the required targets, but this does not mean the survival rate of exports on these rates, and that the government and the Ministry are keen to achieve additional revenue to provide the federal treasury, and reduce the proportion of deficit, The losses incurred by Iraq as a result of the cessation of oil exports from the northern port through the Turkish port of Ceyhan ».
Al-Allaibi said in Vienna yesterday that Chevron, Total and PetroChina might form a consortium to develop the Majnoon oil field, which Royal Dutch Shell wants to exit, and hand over its operations to the State-run Basra Oil Company. End of June 2018.
Iraq itself will develop the Majnoon field, which currently produces about 235,000 barrels of oil a day, until it finds a foreign partner.
Al-Allaibi said in October that Iraq may offer Chevron and Total conditions for the development of the Majnoon oil field different from that given to Shell, which justified its desire to exit the field with unfavorable changes in financial conditions
"The efforts of the workers in the fields of the center and the south have resulted in achieving the ministry's goals in increasing the rate of oil exports from the southern ports after the cessation of oil exports from the northern port," the ministry quoted the minister as saying.
He added that «verification confirms Iraq's export capacity to increase oil exports and achieve the required targets, but this does not mean the survival rate of exports on these rates, and that the government and the Ministry are keen to achieve additional revenue to provide the federal treasury, and reduce the proportion of deficit, The losses incurred by Iraq as a result of the cessation of oil exports from the northern port through the Turkish port of Ceyhan ».
Al-Allaibi said in Vienna yesterday that Chevron, Total and PetroChina might form a consortium to develop the Majnoon oil field, which Royal Dutch Shell wants to exit, and hand over its operations to the State-run Basra Oil Company. End of June 2018.
Iraq itself will develop the Majnoon field, which currently produces about 235,000 barrels of oil a day, until it finds a foreign partner.
Al-Allaibi said in October that Iraq may offer Chevron and Total conditions for the development of the Majnoon oil field different from that given to Shell, which justified its desire to exit the field with unfavorable changes in financial conditions
Oil rises with OPEC extension of production cuts until end of 2018
Baghdad - Agencies
Oil prices rose after OPEC and non-OPEC producers, led by Russia, agreed to extend the production cuts agreement until the end of 2018, while they also hinted at a possible exit from the deal before that date if there is a sharp rise in the market.
Iran's Energy Minister announced that Nigeria and Libya would be included in the deal to cut oil production. An OPEC statement said the two countries' production next year would not exceed 2017 levels.
The oil minister said that Nigeria had agreed to a ceiling for its oil production at the limit of 1.8 million barrels per day.
The agreement was due to expire by the end of March, but Saudi Energy Minister Khalid al-Faleh told reporters the production cuts would last for another nine months.
Global Brent crude futures ended the day at 46 cents, or 0.7 percent, at $ 63.57 a barrel.
US benchmark WTI futures closed up 10 cents, or 0.2 percent, at $ 57.40 a barrel.
Brent ended the month with gains of 3.5 percent, while US crude rose 5.5 percent.
Kobish of Najaf: agree with Sistani to ensure the full rights of the Kurdistan Region constitutional
UN Special Representative to Iraq Jan Kubic said he agreed with Supreme Shiite cleric Ali al-Sistani on the need to limit weapons to the state and not to involve the popular militia in the upcoming general elections.
Kubish's comments were conveyed by a UN mission in Iraq on the day after a meeting of the two parties in the holy city of Najaf, where Sistani, who has considerable influence among millions of Shi'ites in Iraq, has a rare power to be challenged by Iraqi politicians as well as leaders of the rallying militias formed in 2014. The surprise attack of an al-Qaeda organization on Mosul, Tikrit and other areas and the arrival of militants to the outskirts of Baghdad.
"He agreed with Sistani" on the importance of ensuring the full implementation of the law of the Popular Propaganda Authority, which ensures that arms are held in the hands of the state and under its control, "Kobeish said in a statement.
The statement said Kubiş and Sistani also agreed that "the popular mobilization forces should not participate in the elections."
The Iraqi government announced the parliamentary elections on May 15.
Iraqi Prime Minister Haidar al-Abadi said on many occasions that political factions with armed groups would not be allowed to participate in the elections, angering senior leaders in the popular militia linked to Iran.
The vast majority of these armed factions have political wings operating in the Iraqi government, especially those that receive support and funding from Iran.
Popular leaders can participate in elections if they resign.
The spokesman for the popular crowd Ahmed al-Asadi has resigned recently to announce his accession to a political alliance in preparation for the next election, while other leaders of those militias to form political entities to run in the elections.
As the UN mission statement on relations between Baghdad and Erbil, the UN agrees with Sistani's approach to respect the Iraqi law and constitution, including "guarantee the full constitutional rights of the Kurdistan Region of Iraq and its people." They agreed to hold the general elections on time as well as fight corruption and prosecute those accused.
Ports laying the foundation stone for the plant to import and export oil derivatives
Editorial Date: 2017/12/1 11:13 • 93 times read
(Baghdad: Al Furat News) The General Company for the ports of Iraq, the cornerstone for the establishment of the terminal for the export and import of liquid petroleum products {BLPT} in partnership with the company {Vittol} Dutch in the presence of its regional director.
A statement issued by the Ministry of Transport, received by the agency {Euphrates News} a copy of the Director General of the company Engineer Riad Swadi said, "The achievement achieved today is within the contract of operation between the two parties to establish the plant export and import of liquid oil products with the system of pumping and building giant tanks sufficient to store The exported and imported product with an area of 420 meters depth and 600 meters interface in the Khor Al-Zubair area between the liquid gas berth and the port of Khor on the shores of Khor Al-Zubair 4 km from the highway. "
"The company started from the first moments cleaning works of war debris to make the area clean and safe to start the early stages of work," he added, adding that "Vitol is one of the international companies in the management of oil business.
Al-Tamimi said in a statement to the media, including "Al-Ghad Press", that "was previously contested in the local government of Basra on the non-competent companies, which transferred the draft collection within the hidden economies of parties and violations of the legal electricity departments in the contracts concluded for the draft collection.
He pointed out that "the state should take into account the financial situation of citizens and the warm atmosphere and high humidity that pass through Basra, especially in the summer."
Al-Tamimi added that "there is a multiplicity of families within the same house, which makes the list of electricity increases frighteningly exaggerated for poor families." He expressed his objection to those companies, "which was referred to the draft levy only without seeking to pay the salaries of employees or the introduction of mechanisms for the purposes of network maintenance and eligibility."
He stressed that "the government of Basra stands with the demands of the people of the province in rejecting privatization and finding alternatives in support of the distribution departments to collect electricity wages and the appropriate pricing and urged citizens to rationalize electricity."
"The company started from the first moments cleaning works of war debris to make the area clean and safe to start the early stages of work," he added, adding that "Vitol is one of the international companies in the management of oil business.
Exports of oil ports in southern Iraq are at an unprecedented rate
01 December, 2017
The average Iraqi oil exports from southern ports reached 3.5 million bpd in November, an oil official told Reuters on Friday.
The Iraqi Oil Ministry announced on Thursday that the average production on November 29 only 3.9 million barrels.
Iraqi Oil Minister Jabbar al-Luaibi said in a statement quoted by the Iraqi National News Agency that this rate is "the highest rate of export, not reported by Iraq from the southern ports before."
Al-Allaibi said that what is achieved confirms the country's ability to increase oil exports, pointing to the keenness of the Iraqi government to find additional revenues to support the federal treasury "to compensate for part of the losses suffered by Iraq as a result of the cessation of oil exports from the northern port through the Turkish port of Ceyhan."
The Iraqi Oil Ministry announced on Sunday that it intends to build a new pipeline to transport oil from the fields of Kirkuk to the Iraqi-Turkish border, replacing an old and deformed part of the pipeline that connects the northern province of the Turkish port of Ceyhan
Basra administration refuses to privatize electricity and declares its stand with citizens in their demands
Basra / Al-Ghad Press:
The first deputy governor of Basra, Mohammad Taher al-Tamimi, on Friday, his total rejection of the pricing of the collection of electricity wages, which will weigh heavily on the Iraqi citizen, stressing the position of the province's administration with citizens in their demands.
The first deputy governor of Basra, Mohammad Taher al-Tamimi, on Friday, his total rejection of the pricing of the collection of electricity wages, which will weigh heavily on the Iraqi citizen, stressing the position of the province's administration with citizens in their demands.
Al-Tamimi said in a statement to the media, including "Al-Ghad Press", that "was previously contested in the local government of Basra on the non-competent companies, which transferred the draft collection within the hidden economies of parties and violations of the legal electricity departments in the contracts concluded for the draft collection.
He pointed out that "the state should take into account the financial situation of citizens and the warm atmosphere and high humidity that pass through Basra, especially in the summer."
Al-Tamimi added that "there is a multiplicity of families within the same house, which makes the list of electricity increases frighteningly exaggerated for poor families." He expressed his objection to those companies, "which was referred to the draft levy only without seeking to pay the salaries of employees or the introduction of mechanisms for the purposes of network maintenance and eligibility."
He stressed that "the government of Basra stands with the demands of the people of the province in rejecting privatization and finding alternatives in support of the distribution departments to collect electricity wages and the appropriate pricing and urged citizens to rationalize electricity."
Kauaihn Iraq Articles:
A new earthquake hits eastern Iran
Baghdad - Agencies
The US Geological Survey announced that a strong earthquake measuring 6.3 degrees rocked southeast Iran near Kerman city early Friday.
However, the European Center for Mediterranean Seismology said the earthquake occurred in southeastern Iran and that its magnitude was 5.9 degrees.
The epicenter was 50 km northeast of Kerman, home to more than 821,000 people.
According to Reuters, the US-based Pacific Tsunami Warning Center reported the same report and said the quake occurred at 02:32 GMT and at a depth of 33 km.
No information has yet been reported indicating casualties, but residents rushed to the streets, squares and playgrounds for fear of aftershocks.
This is the second earthquake to hit Iran in less than a month. In mid-November, a devastating 7.2-magnitude earthquake hit Kermanshah province, on the border between Iran and Iraq.
The tremors of this earthquake were felt by other countries in the region, including Kuwait, the United Arab Emirates and Israel. According to forensic medicine in the country, about 505 people were killed and more than 12,000 injured.
Jaafari calls on the international community to Marshall Plan
Baghdad - Journal News
Foreign Minister Ibrahim al-Jaafari said in Rome that Iraq needs a "Marshall Plan" for its reconstruction, stressing that "the world owes us this."
"I ask the international community to help us as well as to help us in a very good fight," he told the Mediterranean Dialogue Forum.
He added that Iraq fought in the framework of "a world war, the world, then today to help us," in reference to the multinationals of foreign fighters who fought in the ranks of an advocate.
"He urged that the international community help Iraq rebuild its devastated cities such as Mosul, as was done in German cities after World War II.
"It turns out that this is very useful to stop the tension in the region," he said, recalling that "the focus focuses on areas that are experiencing tensions."
Emperor of Japan stepping down from the throne in a historic precedent
Date of release:: 2017/12/1 13:14 • 124 times read
Japan's Prime Minister Akihito will step down as president on April 30, 2019, Japan's Prime Minister Shinzo Arbi said on Friday, a precedent in Japan's history 200 years ago.
The decision was made at the conclusion of a special meeting of the Imperial Council, which was organized to choose the date of his abdication.
Abe stressed that "the government will make every possible effort, so that the Japanese people can celebrate the abdication of the emperor and the transfer to the Crown Prince."
The eldest son of Prince Naruhito, 57, will be crowned the next day.
The Emperor Akihito, 83, shocked the Japanese by announcing last year that he intended to withdraw after a three-decade rule, citing his aging and health problems.
The ad posed a problem because there is no law about the emperor's retirement, a function that is supposed to last a lifetime.
But in June, Japan's parliament adopted a law allowing Akihito to relinquish the throne in the three years following the passage of the text.
Akihito is the first emperor to ascend the throne under the 1947 constitution, which was defeated by the United States after the defeat of Japan during the Second World War.
The Constitution states that the emperor is "the symbol of the state and the unity of the people whose place comes from the popular will that has sovereign power
Abe stressed that "the government will make every possible effort, so that the Japanese people can celebrate the abdication of the emperor and the transfer to the Crown Prince."
The eldest son of Prince Naruhito, 57, will be crowned the next day.
The Emperor Akihito, 83, shocked the Japanese by announcing last year that he intended to withdraw after a three-decade rule, citing his aging and health problems.
The ad posed a problem because there is no law about the emperor's retirement, a function that is supposed to last a lifetime.
But in June, Japan's parliament adopted a law allowing Akihito to relinquish the throne in the three years following the passage of the text.
Akihito is the first emperor to ascend the throne under the 1947 constitution, which was defeated by the United States after the defeat of Japan during the Second World War.
The Constitution states that the emperor is "the symbol of the state and the unity of the people whose place comes from the popular will that has sovereign power
UN organization begins reconstruction of public library east of Fallujah
01-12-2017 12:56 PM
Kameem, the governor of the Karma district of Anbar province, Ahmed Makhlaf al-Halbusi, announced Friday the reconstruction of the public library east of the city of Fallujah.
The United Nations Development Program (UNDP) has started rebuilding the public library in the center of the Karma district east of Falluja because gang members have been urging criminals to blow up parts of them and steal their contents," Halboussi said.
He added that "the aim of the reconstruction of the public library, which includes many valuable books because it is the only place frequented by students of schools for the purpose of reading and research practical, noting that" the reconstruction of the destroyed infrastructure comes within the plan for the reconstruction of liberated areas under the supervision of humanitarian organizations and in coordination with the government Local in Anbar.
The United Nations Development Program (UNDP) has started rebuilding the public library in the center of the Karma district east of Falluja because gang members have been urging criminals to blow up parts of them and steal their contents," Halboussi said.
He added that "the aim of the reconstruction of the public library, which includes many valuable books because it is the only place frequented by students of schools for the purpose of reading and research practical, noting that" the reconstruction of the destroyed infrastructure comes within the plan for the reconstruction of liberated areas under the supervision of humanitarian organizations and in coordination with the government Local in Anbar.
Najarvan Barzani arrives in Turkey
Baghdad - Journal News
The head of the Kurdistan Regional Government, Nechirvan Barzani, arrived in Turkey on Friday.
"Barzani entered Turkish territory by road from the Khabur border crossing," the Anatolia news agency reported.
"Barzani boarded a private plane from Sharaf al-Din al-Ghei airport in Bishrank and went to Istanbul."
Aboul Gheit: We must work to solve the problem of the Kurds in Iraq
1/12/2017 Aboul Gheit
The Secretary-General of the League of Arab States, Ambassador Ahmed Aboul Gheit, said that Iraq had regained many of its territory from the hands of the terrorist organization Da'sh. This is a good thing, stressing the need to work to solve the problem of the Kurds, especially as they are part of the people.
Abul-Gheit added that there will be an Iraqi central government working to control the border with Syria.
He continued: "I hope that Iraq will achieve a position to heal the rift in the two and a half years; to achieve a state of balance between Sunnis and Shiites, Kurds and Arabs."
Kauaihn Economic Times:
5 things you need to know ThursdayUSA TODAY
Dealing with Tax Uncertainty
Daily Camera
This week, the Senate will consider tax reform in the wake of its passage in the House. Washington watchers of all stripes are showing legislative forecasting fatigue. Read the full story
Gold Prices Remain Lower After Upbeat U.S. Data
Investing.com
Gold Prices Slip To 1-Week Low Ahead of U.S. Inflation DataInvesting.com
Dow cracks 24K record as tax reform & economic optimism abounds
Fox News
One City’s Experience After Insurance Subsidies VanishThe Wall Street Journal
Senate set to begin debate on GOP tax plan even as party remains split over key details
The Washington Post
All 52 Republicans, but zero Democrats, voted to advance the tax plan. Read the full story
Vox
How to overhaul the nation’s tax code in 7 easy steps. Read the full story
Zimbabwe's new president haunted by massacres
CNN
Zimbabwe: Britain Says Financial Support to Be Linked to Democratic ProgressAllAfrica
Britain could extend financial support to Zimbabwe to help stabilize its economy and clear its debts with international lenders but such support will be linked to 'democratic progress, foreign secretary Boris Johnson has said. Zimbabwe owes the World Bank and the African Development Bank a combined $1,8 billion in arrears emanating from loans contracted in the 1990s, ruling out any aid from the agencies. "Those are indeed the things that we would try to do to help Zimbabwe forward, but we've got Read the full story
Zimbabwe: How Mugabe's Rise Was Intimately Tied to U.S. Cold War Politics
AllAfrica
Newsnight: Zimbabwe has a ‘false sense of freedom’ under new regime after 'butcher Mugabe'
Express
ZIMBABWEANS have a “false sense of freedom” if they believe the new regime will allow them to demonstrate openly, a former ally of the Mugabe’s has claimed. Responding to claims that Robert Mugabe regime had repressed the people, a former member of government hit back saying the new regime would also not allow people to be “out on the streets” without a police sanction. Former Foreign Minister of Zimbabwe Walter Mzembi said: “They may have a false sense of freedom if they think that they can be Read the full story
U.S. warns North Korean leadership will be 'utterly destroyed' in case of war
Reuters
Japan's years of stagnant wage growth and a rapidly ageing population offer lessons to other developed economies. Read the full story
Alibaba Sells $7 Billion in Dollar BondsBarron's
Brexit Bulletin: Down to the Wire
Bloomberg
Portugal proposes its finance minister as eurozone chief
ABC News
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5 things you need to know ThursdayUSA TODAY
The biggest news to start your day. Read the full story
Daily Camera
This week, the Senate will consider tax reform in the wake of its passage in the House. Washington watchers of all stripes are showing legislative forecasting fatigue. Read the full story
OIL/COMMODITIES/ENERGY
Gold Prices Remain Lower After Upbeat U.S. Data
Investing.com
© Reuters. Gold prices still on the downside after U.S. economic reports Read the full story
Gold dips to 1-week low Read the full story
Gold trades at lowest in more than a week, on track for monthly gain
MarketWatch
MarketWatch
Gold prices eased Thursday, leaving futures on track for their lowest close in more than a week and shaving a touch off its November gain. Read the full story
Oil Prices Inch Higher in Volatile Trade as OPEC Meeting Kicks OffInvesting.com
© Reuters. Oil ticks up ahead of OPEC meeting Read the full story
Crude Oil Prices Flat To Weaker In Asia As OPEC Awaited
Investing.com
© Reuters. Crude flat to weaker in Asia Read the full story
Investing.com
© Reuters. Crude flat to weaker in Asia Read the full story
BANKS/BANKING/CREDIT
"The Devil's Job": ex-Vatican Bank chief Tedeschi on finance and morality
euronews
euronews
Italian economist and banker Ettore Gotti Tedeschi was president of the Vatican’s Bank at a time of turmoil from 2009 to 2012. Amid a money-laundering inquiry the Holy See’s opaque finances came under unprecedented scrutiny. Tedeschi was sacked for alleged “dereliction of duty” – he claimed he was trying to introduce transparency. What does he make of the Vatican and the world of high finance today? Euronews correspondent Paolo Alberto Valenti met him in Milan. *Paolo Alberto Valenti, euronews: Read the full story
Deutsche Bank downgrades Berkeley Group but remains bullish on sector
Proactive Investors
Proactive Investors
The recent share price weakness of house-builders offers a buying opportunity, according to Deutsche Bank. Based on projections for 2018, the sector trades at 1.4 times price/net tangible asset value or 8.8 times annual earnings and offers a dividend yield of 6.4%, Deutsche (DB) said. On that basis, Deutsche believes the sector offers good value despite the continued elevated risk profile. “Over the past months, the perception of political and economic risk has risen. For us, most of these Read the full story
Indian banks 2nd only to Chinese counterparts in exposure to risks: Moody's
Business Standard
Business Standard
Indian banks' exposure to risks has risen and is now second only to those in China in the Asia-Pacific (APAC) region due to large loans given to businesses having poor repayment capacity, ratings agency Moody's Investors Services has reportedly said. According to a LiveMint report published on Thursday, the Moody's report said that while India's overall credit penetration remained low, its banks' exposure to corporate borrowers that have poor debt servicing capacity has increased the risks of Read the full story
Better Buy: Wells Fargo & Company vs. Bank of America
The Motley Fool
Which is the better big bank for your portfolio? Read the full story
Next stop in the cryptocurrency craze: A government-backed coin is coming soon
CNBC
Central banks are experimenting with their own versions of cryptocurrency. Experts weigh in on how this will shape the market's future. Read the full story
Bitcoin: ECB tells banks to introduce instant payments to counter cryptocurrencies
The Independent
The Motley Fool
Which is the better big bank for your portfolio? Read the full story
CNBC
Central banks are experimenting with their own versions of cryptocurrency. Experts weigh in on how this will shape the market's future. Read the full story
The Independent
Banks should speed up the introduction of instant payments, whereby money is received immediately and around the clock, to counter the allure of digital currencies such as Bitcoin, a European Central Bank director said on Thursday. Read the full story
US Treasury yields rise as investors gear up for Fed remarks, tax newsCNBC
U.S. government debt yields rose on Thursday, ahead of key speeches by leading members of the U.S. Federal Reserve. Read the full story
Opinion | Offshore Banking Guards Against TyrannyBloomberg
Shadowy doesn't mean ugly. Confidential, offshore banking is hardly a popular institution. It’s often seen a stand-in for rampant wealth inequality, secrecy and, in some cases, tax avoidance or evasion, even when the money is placed overseas legally. The Panama Papers and Paradise Papers, both large troves of leaked documents about overseas accounts, were considered scandalous, even though the financial institutions involved are legitimate, and many of the accounts haven’t been connected with Read the full story
Barclays Said to Warn Investment Bankers About Pay CutsBloomberg
Barclays Plc's top investment banker has told staff he’ll sharpen divisions in bonuses this year, boosting pay for top performers while cutting it for those in the bottom half, people familiar with the comments said. Bloomberg's Stephen Morris has more on "Bloomberg Daybreak: Americas." Read the full story
With Blockchain, You Can Fire Your Accountant
Markets & Money
Of course, there are industries that will always require people to function. However, your accountant may want to start looking over their shoulder. And your lawyer too. Why? The blockchain is a digital record of events. It makes it easier to identify factual information. The post With Blockchain, You Can Fire Your Accountant appeared first on Markets and Money. Read the full story
Shadowy doesn't mean ugly. Confidential, offshore banking is hardly a popular institution. It’s often seen a stand-in for rampant wealth inequality, secrecy and, in some cases, tax avoidance or evasion, even when the money is placed overseas legally. The Panama Papers and Paradise Papers, both large troves of leaked documents about overseas accounts, were considered scandalous, even though the financial institutions involved are legitimate, and many of the accounts haven’t been connected with Read the full story
Barclays Plc's top investment banker has told staff he’ll sharpen divisions in bonuses this year, boosting pay for top performers while cutting it for those in the bottom half, people familiar with the comments said. Bloomberg's Stephen Morris has more on "Bloomberg Daybreak: Americas." Read the full story
Markets & Money
Of course, there are industries that will always require people to function. However, your accountant may want to start looking over their shoulder. And your lawyer too. Why? The blockchain is a digital record of events. It makes it easier to identify factual information. The post With Blockchain, You Can Fire Your Accountant appeared first on Markets and Money. Read the full story
German central bank warns against risks in financial system -
Xinhua | English.news.cnn thank you
TREASURIES/BONDS/STOCKS
Dow cracks 24K record as tax reform & economic optimism abounds
Fox News
The Dow Jones Industrial Average crossed the 24,000 point waterline on Thursday, a new intraday record high, as the odds of passing tax reform increase. Read the full story
Investing in Bitcoin? Prepare for volatility
Fox News
The Motley Fool
Thinking about buying gold? It's not the right investment choice for most people. Read the full story
Fox News
Crossmark Global Investments' Victoria Fernandez on the state of the markets and bitcoin's volatility. Read the full story
Opinion: When stocks receive this ‘kiss of death,’ investors should run for the hillsMarketWatch
The magazine-cover indicator will almost certainly signal when the rally is over, says Simon Maierhofer. Read the full story
Top 5 Things to Know in the Market on Thursday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Stocks could surge by 17 percent — if this happens
CNBC
Canaccord Genuity’s Tony Dwyer explains what could lift the S&P 500 over 3,100 in 2018. Read the full story
Roundtable: Why I Won't Buy GoldThe magazine-cover indicator will almost certainly signal when the rally is over, says Simon Maierhofer. Read the full story
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
CNBC
Canaccord Genuity’s Tony Dwyer explains what could lift the S&P 500 over 3,100 in 2018. Read the full story
The Motley Fool
Thinking about buying gold? It's not the right investment choice for most people. Read the full story
INSURANCE/HEALTH
One City’s Experience After Insurance Subsidies VanishThe Wall Street Journal
The college town of Charlottesville, Va., is fast becoming the exemplar for millions of people without federal subsidies whose health-insurance premiums will rise sharply next year. Read the full story
The Path to Affordable Health Care
Hoover Institution
Image credit: Monkey Business Images, Shutterstock via Defining Ideas Incentivize consumers to seek value, increase the supply of care, and stimulate competition among providers. Read the full story
Insurance officials worry mandate repeal will damage markets
The Hill
Many state insurance officials, even some in red states, are warning that repealing ObamaCare's individual mandate in the GOP tax-reform bill would cause damage to their markets. Read the full story
Hoover Institution
Image credit: Monkey Business Images, Shutterstock via Defining Ideas Incentivize consumers to seek value, increase the supply of care, and stimulate competition among providers. Read the full story
The Hill
Many state insurance officials, even some in red states, are warning that repealing ObamaCare's individual mandate in the GOP tax-reform bill would cause damage to their markets. Read the full story
CURRENCIES
Bitcoin moves back below $10,000 as volatility persists
MarketWatch
Investing.com
Forex - Dollar Steady as Tax Bill Eyed; Sterling Gains on Brexit Deal Hopes
Investing.com
Investing.com
MarketWatch
Volatility on the cryptocurrency persisted on Thursday as the market tried to settle down after exchange outages triggered a slump in prices on Wednesday. Read the full story
Bitcoin broke $11,000, then plunged 18%, as thousands of newbies signed up for cryptocurrency wallets
Quartz
Forex - Dollar Index Edges Higher but Upside LimitedQuartz
Bitcoin’s price soared past $11,000, plunged as low as $9,300, and then recovered to around $10,000—all in the space of 24 hours of trading yesterday… Read the full story
Did the Bitcoin Bubble Burst on Wednesday?
The Motley Fool
Perhaps, but some investors think the cryptocurrency could go higher from here. Read the full story
Bitcoin cryptocurrency is a game changer: Naomi Brockwell
Fox News
Former New York Bitcoin Center policy director Naomi Brockwell on why she remains bullish on the cryptocurrency. Read the full s
The Motley Fool
Perhaps, but some investors think the cryptocurrency could go higher from here. Read the full story
Fox News
Former New York Bitcoin Center policy director Naomi Brockwell on why she remains bullish on the cryptocurrency. Read the full s
Investing.com
Forex Nov 30, 2017 10:21 GMT Investing.com - The dollar edged higher against other major currencies on Thursday, but gains were capped by sustained caution surrouding the fate of a major U.S. tax reform plan. Investors remained focused on a major U.S. tax reform bill as the measure moved toward a U.S. Senate floor vote later this week, amid concerns over how much it will expand the federal deficit. The greenback found support after data on Wednesday showed that the U.S. economy grew faster than Read the full story
Investing.com
© Reuters. Dollar steady as tax bill eyed; sterling gains on Brexit deal hopes Read the full story
Forex - Dollar Gains On Yen, But EUR/USD, GBP/USD Up, China PMIs Noted
Investing.com
© Reuters. Dollar gains on yen in Asia Read the full story
Forex - Dollar Gains On Yen, But EUR/USD, GBP/USD Up, China PMIs NotedInvesting.com
© Reuters. Dollar gains on yen in Asia Read the full story
Investing.com
© Reuters. Dollar gains on yen in Asia Read the full story
Forex - Dollar Up Slightly In Asia As Risk Trade In FocusInvesting.com
© Reuters. Dollar up in Asia Read the full story
Forex - PBOC Sets Yuan Parity At 6.6034 Against Dollar
Investing.com
© Reuters. Yuan parity Read the full story
© Reuters. Dollar up in Asia Read the full story
Investing.com
© Reuters. Yuan parity Read the full story
USA/CANADA
Senate set to begin debate on GOP tax plan even as party remains split over key details
The Washington Post
All 52 Republicans, but zero Democrats, voted to advance the tax plan. Read the full story
Coinbase Must Hand Over Account Info to IRS for Users thatTransacted $20,000 or More in Crypto | Crowdfund InsiderCrowdfund Insider
Coinbase has received a judgement by the US District Court of Northern California ordering it to hand over all account information to the IRS for any transaction with the equivalent of $20,000 or more during the years 2013 to 2015. In the case United States... Read More The post Coinbase Must Hand Over Account Info to IRS for Users thatTransacted $20,000 or More in Crypto appeared first on Crowdfund Insider. Read the full story
Jared Kushner questioned by Mueller investigators, reports say
Fox News
Jared Kushner was questioned by Robert Mueller investigators this month regarding interactions with a Russian ambassador, according to a report. Read the full story
It Started as a Tax Cut. Now It Could Change American Life.
The New York Times
An overhaul championed by President Trump and Republican leaders could reshape health care, education and social services. Read the full story
The final steps for the Republican tax bill in the SenateCoinbase has received a judgement by the US District Court of Northern California ordering it to hand over all account information to the IRS for any transaction with the equivalent of $20,000 or more during the years 2013 to 2015. In the case United States... Read More The post Coinbase Must Hand Over Account Info to IRS for Users thatTransacted $20,000 or More in Crypto appeared first on Crowdfund Insider. Read the full story
Fox News
Jared Kushner was questioned by Robert Mueller investigators this month regarding interactions with a Russian ambassador, according to a report. Read the full story
The New York Times
An overhaul championed by President Trump and Republican leaders could reshape health care, education and social services. Read the full story
Vox
How to overhaul the nation’s tax code in 7 easy steps. Read the full story
EMERGING MARKETS
Mexico's Economy Minister Says the U.S. NAFTA Autos Proposal Is 'Not Viable'
FORTUNE
Ildefonso Guajardo Villarreal, Secretary of Economy, during his speech at meeting with the media as part of the Second Round of NAFTA Negotiations on September 05, 2017 in Mexico City, Mexico. Mexican Economy Minister Ildefonso Guajardo said on Wednesday that demands by the Trump administration for a U.S.-specific automotive content requirement in NAFTA was “not viable,” and declined to specify when Mexico would formally respond. At a news conference following a series of meetings with senior Read the full story
Saving the Ocean: Mexico Protects Largest Reserve in North America Including Volcanic Islands and Dazzling Sea LifeNewsweek
Dozens of species in the reserve cannot be found anywhere else in the world. Read the full story
Why Emerging Markets Are Thriving Off Fundamentals
Bloomberg
Gordian Kemen, Morgan Stanley's global head of EM fixed-income strategy, gives the bullish case for emerging markets. He speaks with Bloomberg's Scarlet Fu, Joe Weisenthal and Julie Hyman on "What'd You Miss?" Read the full story
FORTUNE
Ildefonso Guajardo Villarreal, Secretary of Economy, during his speech at meeting with the media as part of the Second Round of NAFTA Negotiations on September 05, 2017 in Mexico City, Mexico. Mexican Economy Minister Ildefonso Guajardo said on Wednesday that demands by the Trump administration for a U.S.-specific automotive content requirement in NAFTA was “not viable,” and declined to specify when Mexico would formally respond. At a news conference following a series of meetings with senior Read the full story
Dozens of species in the reserve cannot be found anywhere else in the world. Read the full story
Bloomberg
Gordian Kemen, Morgan Stanley's global head of EM fixed-income strategy, gives the bullish case for emerging markets. He speaks with Bloomberg's Scarlet Fu, Joe Weisenthal and Julie Hyman on "What'd You Miss?" Read the full story
MIDDLE EAST
Russia and Egypt Move Toward Deal on Air Bases
The New York Times
The New York Times
Moscow and Cairo signed a preliminary agreement allowing Russian military aircraft the use of Egyptian air bases, in an apparent snub to Washington. Read the full story
Dubai's big plans to revolutionize how we travelCNN
8:16 PM EST November 29, 2017 Dubai is well known as a testing ground for future tech, and seen as a model for future living by many. Try telling that to anyone stuck in congestion on Sheikh Mohammed bin Zayed Road. A major road artery running from Abu Dhabi to Ras Al-Khaimah, it's a perennial flashpoint in Dubai, where car ownership is higher than both New York and London, according to 2015 figures from the Road and TransportAuthority (RTA). Some of the congestion has been eased by the Dubai Read the full story
8:16 PM EST November 29, 2017 Dubai is well known as a testing ground for future tech, and seen as a model for future living by many. Try telling that to anyone stuck in congestion on Sheikh Mohammed bin Zayed Road. A major road artery running from Abu Dhabi to Ras Al-Khaimah, it's a perennial flashpoint in Dubai, where car ownership is higher than both New York and London, according to 2015 figures from the Road and TransportAuthority (RTA). Some of the congestion has been eased by the Dubai Read the full story
AFRICA
Zimbabwe's new president haunted by massacres
CNN
Zimbabwe's new leadership is trying to move on from Zimbabwe's painful past. David Mckenzie tells us more. Read the full story
Britain could extend financial support to Zimbabwe to help stabilize its economy and clear its debts with international lenders but such support will be linked to 'democratic progress, foreign secretary Boris Johnson has said. Zimbabwe owes the World Bank and the African Development Bank a combined $1,8 billion in arrears emanating from loans contracted in the 1990s, ruling out any aid from the agencies. "Those are indeed the things that we would try to do to help Zimbabwe forward, but we've got Read the full story
AllAfrica
Facing almost certain impeachment, Robert Mugabe has resigned, ending his 40-year rule in Zimbabwe. And while it's tempting to see the attempted coup that preceded his resignation as purely a problem of a foreign dictator who has overstayed his welcome, the rise of Mugabe was actually intimately tied up with U.S. Cold War politics. In late 1975, the Cold War had arrived in southern Africa. By early 1976 -- while Ronald Reagan and President Gerald Ford were battling for the Republican nomination Read the full story
Express
ZIMBABWEANS have a “false sense of freedom” if they believe the new regime will allow them to demonstrate openly, a former ally of the Mugabe’s has claimed. Responding to claims that Robert Mugabe regime had repressed the people, a former member of government hit back saying the new regime would also not allow people to be “out on the streets” without a police sanction. Former Foreign Minister of Zimbabwe Walter Mzembi said: “They may have a false sense of freedom if they think that they can be Read the full story
ASIA
U.S. warns North Korean leadership will be 'utterly destroyed' in case of war
Reuters
The United States warned North Korea's leadership it would be "utterly destroyed" if war were to break out after Pyongyang test fired its most advanced missile, putting the U.S. mainland within range, in violation of U.N. Security Council resolutions. Read the full story
U.S. calls for global shutdown of all ties to North Korea
POLITICO
“We have never sought war with North Korea, and still today we do not seek it,” she said. “If war comes, make no mistake, the North Korean regime will be utterly destroyed.” Read the full story
The economic lessons Japan can teach the WestBBC NewsPOLITICO
“We have never sought war with North Korea, and still today we do not seek it,” she said. “If war comes, make no mistake, the North Korean regime will be utterly destroyed.” Read the full story
Japan's years of stagnant wage growth and a rapidly ageing population offer lessons to other developed economies. Read the full story
Asia Stocks to Watch Chinese e-commerce company Alibaba Group (BABA) has sold USD 7 billion in U.S. dollar denominated bonds. It is the largest offshore dollar-bond issue from Asia this year, behind China Evergrande Group’s USD6.6 billion offering in June, and the second largest in history, according to data provider Dealogic. The company on Wednesday sold bonds with maturities ranging from 5.5 years to 40 years consisting of: US$700,000,000 2.800% notes due 2023 at an issue price per note of Read the full story
China and Africa Working Together thank you yo
CHINESE DELEGATION MEETS MNANGAGWA
China allocates 124 bln yuan to improve people's livelihood - Xinhua | English.news.cn
EUROPE
Brexit Bulletin: Down to the Wire
Bloomberg
U.K. and EU Agree to Outline on Brexit Divorce Bill With four days to go, talks over the Irish border are going down to the wire. Prime Minister Theresa May needs to find a way to promise the EU that there won’t be a hard border dividing Northern Ireland and the Republic of Ireland, once that 300-mile line becomes the U.K.’s new EU frontier after Brexit. She needs to please Dublin and avoid alienating Northern Ireland’s Democratic Unionist Party, which props up her government in London. And she Read the full story
ABC News
Portugal's government says it has put forward its finance minister Mario Centeno as a candidate to become head of the group of 19 countries which share the euro currency Read the full story
Brexit Countdown: Why is the Northern Ireland border question so hard?BBC News
Express
Brexit Cost Rises as Britain Retreats on Divorce Demands
The New York Times
Britain has capitulated to the E.U., doubling its cash offer as part of exit talks. It was not the first time, analysts say, and won’t be the last. Read the full story d
d
Could tensions over the border between Ireland and Northern Ireland prevent Brexit progress? Read the full story
Euro Zone Inflation Rises in November
Investing.com
© Reuters. Euro zone inflation rises in November. Read the full story
ECB WARNING: Failing banks and weak economies could wreck Eurozone recoveryInvesting.com
© Reuters. Euro zone inflation rises in November. Read the full story
Express
THE European Central Bank has issued stern warnings regarding the health of eurozone banks, insisting these failing financial institutions poses a threat to the economic recovery of the area. The ECB published its latest edition of its twice yearly Financial Stability Review which showed banks' solvency and profitability had improved but still showed a "wide gap" with global peers. It also warned that banks were taking on more financial risk especially in the bond markets arena. Vitor Constancio Read the full story
The New York Times
Britain has capitulated to the E.U., doubling its cash offer as part of exit talks. It was not the first time, analysts say, and won’t be the last. Read the full story d
d
Blessed and Highly Favored:
CBI Update:
The ISX is closed on Friday and Saturday
Kauaihn Chatter:
12-1-2017 Newshound Guru Kaperoni So what is the Balassa-Samuelson effect hypothesis? We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement...(gradual appreciation) [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.
11-30-2017 Intel/Newshound Guru sandyf Guru Kaperoni quote: "Once they float, it may take 6 months to a year to get to $1" With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month. In reality a float would be more like 6 years to a lifetime.
11-30-2017 Intel Guru Delta I have no idea what they are still waiting for because even Allak has shown the IMF they have completed everything. They are running out of reserves and Abadi is not going to let this fall apart, no way no how. Abadi is an economist so he knows what is going on...he was at one time the Minister of Finance.
11-30-2017 Newshound Guru Kaperoni Here is a quote from a 2007 article... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." And this from a recent delete zeros article: "Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar...". There is no mention of anything overnight. [...assuming these articles are correct and not trying to mislead, you feel it will reach 1-1 in a years time?] yes. [post 3 of 3]
11-30-2017 Newshound Guru Breitling ...2018 is going to be a good year so stick around…If this goes “sideways”, I have no problem telling you this is going sideways. I don’t have an ego to where I don’t want to be wrong. It has nothing to do with that. If it doesn’t come up I’m going to take my dinar and convert it into something else. If I need to get out I’ll get out and I’ll tell everyone I’m getting out of it when I do…I’m all about reality. So have confidence, what’s coming down the road is phenomenal… [Post 3 of 3]
11-30-2017 Newshound Guru Kaperoni The CBI could never RV the dinar. If the CBI wants international commerce, they need to float the dinar and let the world set the rate. You need to understand that Iraq is in a closed monetary system at the time being. Until they meet the conditions set forth by the IMF for Article VIII compliance they will not move from that. And currently they have at least 2 condition keeping them in Article XIV. They owe money to Jordan and they are well over 8% out of compliance on managing the spread which is the difference between the official rate and market rate. Going back several years the plan has always been to gradual raise the value to equal $1. [post 2 of 3....stay tuned]
11-30-2017 Newshound Guru Kaperoni ...there is no RV its a hoax...currencies do not work that way. [SO NO RV? WE HAVE BEEN SCAMMED?] if you been told the dinar will RV, then yes you been scammed. I've been in this way too long. There is no such thing as a "program rate"... Yes, the IMF has ask the CBI to lower the rate in 2015, but there was a specific reason for that documented in the Article IV consultation. More importantly, if you read the most recent delete zeros article, they confirm the dinar will rise "gradually". If you read the IMF docs, and other news reports you would know the dinar is going to leave the Peg at some point and float. In doing so, the value will rise based on supply and demand. The value will rise, just not overnight...there will be no running to banks to cash out...thats all bs. Once they float, it may take 6 months to a year to get to $1...they never said that would happen overnight! [post 1 of 3....stay tuned]
11-30-2017 Newshound Guru Breiting ...They told everybody what they want to do. So the next question for you is, “alright how do you believe them?” It’s because they’ve hit every benchmark that they need to hit. The markets haven’t cooperated with them very much but they’ve done everything they need to do. It’s remarkable what they’ve done. That’s what gives me so much confidence…So I understand what they want to do. I understand the policy that gets them there. And I understand the principles and why they want to do it and the timeframe in which they want to do it and what they CAN do… [Post 2 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru Delta I have no idea what they are still waiting for because even Allak has shown the IMF they have completed everything. They are running out of reserves and Abadi is not going to let this fall apart, no way no how. Abadi is an economist so he knows what is going on...he was at one time the Minister of Finance.
11-30-2017 Newshound Guru Kaperoni Here is a quote from a 2007 article... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." And this from a recent delete zeros article: "Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar...". There is no mention of anything overnight. [...assuming these articles are correct and not trying to mislead, you feel it will reach 1-1 in a years time?] yes. [post 3 of 3]
11-30-2017 Newshound Guru Breitling ...2018 is going to be a good year so stick around…If this goes “sideways”, I have no problem telling you this is going sideways. I don’t have an ego to where I don’t want to be wrong. It has nothing to do with that. If it doesn’t come up I’m going to take my dinar and convert it into something else. If I need to get out I’ll get out and I’ll tell everyone I’m getting out of it when I do…I’m all about reality. So have confidence, what’s coming down the road is phenomenal… [Post 3 of 3]
11-30-2017 Newshound Guru Kaperoni The CBI could never RV the dinar. If the CBI wants international commerce, they need to float the dinar and let the world set the rate. You need to understand that Iraq is in a closed monetary system at the time being. Until they meet the conditions set forth by the IMF for Article VIII compliance they will not move from that. And currently they have at least 2 condition keeping them in Article XIV. They owe money to Jordan and they are well over 8% out of compliance on managing the spread which is the difference between the official rate and market rate. Going back several years the plan has always been to gradual raise the value to equal $1. [post 2 of 3....stay tuned]
11-30-2017 Newshound Guru Kaperoni ...there is no RV its a hoax...currencies do not work that way. [SO NO RV? WE HAVE BEEN SCAMMED?] if you been told the dinar will RV, then yes you been scammed. I've been in this way too long. There is no such thing as a "program rate"... Yes, the IMF has ask the CBI to lower the rate in 2015, but there was a specific reason for that documented in the Article IV consultation. More importantly, if you read the most recent delete zeros article, they confirm the dinar will rise "gradually". If you read the IMF docs, and other news reports you would know the dinar is going to leave the Peg at some point and float. In doing so, the value will rise based on supply and demand. The value will rise, just not overnight...there will be no running to banks to cash out...thats all bs. Once they float, it may take 6 months to a year to get to $1...they never said that would happen overnight! [post 1 of 3....stay tuned]
11-30-2017 Newshound Guru Breiting ...They told everybody what they want to do. So the next question for you is, “alright how do you believe them?” It’s because they’ve hit every benchmark that they need to hit. The markets haven’t cooperated with them very much but they’ve done everything they need to do. It’s remarkable what they’ve done. That’s what gives me so much confidence…So I understand what they want to do. I understand the policy that gets them there. And I understand the principles and why they want to do it and the timeframe in which they want to do it and what they CAN do… [Post 2 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru RayRen98 [You said $3.63 is the rate in the Budget; is that also the rate that the dinar will revalue? Or will it float? Also, what is the difference between an RI and an RV?] Yes, that is the rate Iraq is calculating to operate their country at, so that is the rate. Yes, it can still go higher, as the markets kick in. An RI is a re-instatement; the RV is a re-value. The RI takes it back to where it was, and the RV could take it to a totally different rate. [reference RayRen98 post 11-30-2017]
11-30-2017 Intel Guru Frank26 The IMF and the World Bank are warning Iraq that they need to stop the currency auctions and raise the rate. The IMF know the greatest point of corruption is occurring in the auctions. Based on their reserves, [Guru] Delta calculates they need to do this ASAP. They have about $43 billion in reserves, but if it drops to $36 billion the IMF says they are in trouble because $7 billion is not enough of a pad, especially since their burn rate is several billion USD/month. IMO They were worried about leakage of bank secrets from the third meeting and they are seeing that now. IOO The bank openings in neighboring countries indicates they are done. Everything is all set to go but they just now need to show it to us.
11-30-2017 Newshound/Intel Guru Mnt Goat So what happened to this “speech” Abadi was supposed to give, that would kick off a series of events to begin the RV? Since Saturday Abadi has actually given four speeches to the news media. I keep telling you there is no single event that is going to trigger the RV. The RV is not managed by the Government of Iraq (GOI) meaning the prime minister Abadi has little control over it other than for the Finance Ministry to give it final approval, when ready. The GOI also has the responsibility to initiate the reforms, fund them and implement them. That is it. The GOI does not set monetary policy for Iraq. ...it is the Central Bank of Iraq (an independent organization) that manages the monetary policy of Iraq.
11-30-2017 Newshound Guru Breiting [What are you looking at that makes you KNOW they want to revalue?] The parliament, The Ministry of Finance, The Ministry of Planning, The Central Bank of Iraq and they’ve been yelling at the top of their lungs. They even told the IMF what they wanted to do within a certain timeframe and the IMF said fine…as long as you pay the bills you guys are going to be fine…none of this is opinion…As far as the investment in the Iraqi Dinar on a timeframe I’m speculating 100% for sure. But that’s a timeframe. As far as it gaining value to what I think? No, it’s not speculation. [Post 1 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru Frank26 The IMF and the World Bank are warning Iraq that they need to stop the currency auctions and raise the rate. The IMF know the greatest point of corruption is occurring in the auctions. Based on their reserves, [Guru] Delta calculates they need to do this ASAP. They have about $43 billion in reserves, but if it drops to $36 billion the IMF says they are in trouble because $7 billion is not enough of a pad, especially since their burn rate is several billion USD/month. IMO They were worried about leakage of bank secrets from the third meeting and they are seeing that now. IOO The bank openings in neighboring countries indicates they are done. Everything is all set to go but they just now need to show it to us.
11-30-2017 Newshound/Intel Guru Mnt Goat So what happened to this “speech” Abadi was supposed to give, that would kick off a series of events to begin the RV? Since Saturday Abadi has actually given four speeches to the news media. I keep telling you there is no single event that is going to trigger the RV. The RV is not managed by the Government of Iraq (GOI) meaning the prime minister Abadi has little control over it other than for the Finance Ministry to give it final approval, when ready. The GOI also has the responsibility to initiate the reforms, fund them and implement them. That is it. The GOI does not set monetary policy for Iraq. ...it is the Central Bank of Iraq (an independent organization) that manages the monetary policy of Iraq.
11-30-2017 Newshound Guru Breiting [What are you looking at that makes you KNOW they want to revalue?] The parliament, The Ministry of Finance, The Ministry of Planning, The Central Bank of Iraq and they’ve been yelling at the top of their lungs. They even told the IMF what they wanted to do within a certain timeframe and the IMF said fine…as long as you pay the bills you guys are going to be fine…none of this is opinion…As far as the investment in the Iraqi Dinar on a timeframe I’m speculating 100% for sure. But that’s a timeframe. As far as it gaining value to what I think? No, it’s not speculation. [Post 1 of 3 Stay tuned for the rest of the story]
d
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haidar Al-Abadi congratulates Iraqis, the Islamic nation and the world on the anniversary of the birth of the Prophet
30 November 2017
In the name of of Allah the Merciful
The Almighty said (and Maarslnk but mercy to the worlds) the truth of God Almighty.
I would like to express my sincere congratulations to our dear people, our Muslim nation and the Muslims in the world on the occasion of the anniversary of the birth of the Prophet, the birth of the noble Prophet Muhammad bin Abdullah and his family, the best of prayer and delivery, which coincides with the achievement of our people and heroic forces. Which wanted to distort our true religion from its course and spread extremism, violence, hatred and distortion of the values of Islam and its tolerant teachings, which brought the message of blessed prophecy.
On this dear occasion, I call on the noble values and principles that our noble prophet came to be a mercy for the worlds. Our unity, determination and brotherhood should be a bastion of the evils of terrorism, corruption and extremism, in order to establish a model of coexistence.
May God Almighty Almighty allow us to complete the path of victory over terrorism, corruption, the direction of building and reconstruction, and the promotion of security and stability throughout the country.
Prime Minister
30 November 2017
*************
ARTICLE 1-B (tweet posted on Abadi twitter account, November 30, around 9 am Eastern:
Haider Al-Abadi Verified account
@HaiderAlAbadi
Life in the capital Baghdad is witnessing remarkable activity, various carnivals, sports competitions and economic movement, indicating that citizens have hope and hope for a prosperous future
ARTICLE 1-C (tweet posted on Government of Iraq twitter account, November 30, around 12 noon Eastern
- The safe return of displaced people is a humanitarian & strategic priority for the @IraqiGovt
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ARTICLE 2
An extraordinary session of the House of Representatives on Saturday to discuss the laws of the budget and elections and the questioning of officials
BAGHDAD (Reuters) - December 1 - The extraordinary sessions of the parliament during his legislative break will be limited to issues that need to be resolved quickly, such as a legal debate on the budget and general elections, as well as the questioning of some officials, according to informed sources.
"The parliament will allocate a session on Saturday, the first special sessions to discuss the election law and vote on it, while another meeting will be called to discuss the budget law, and if the signatures were collected by members of parliament to resolve the subjects of interrogations of political officials The Council will allocate another special session for this purpose. " Ending
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ARTICLE 3
The liberation of 60% of the desert of the island and the coming days will see the launch of its second page
Al-Anbar, Iraq - November 30: Joint security forces liberated 60% of the island's desert and destroyed most of the densely populated oaks, this area" .
Rasul said that "this area has not been entered by the security forces since 2003 and was deployed in high intensity and take the starting point for the implementation of terrorist attacks on safe areas," adding that "the operations of the second page will be launched within days and we will end at the Iraqi-Syrian border and 667 kilometers , So that we can say that we finished on all the sticks and pockets of desert in the end. " A
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ARTICLE 4
Video .. The opening of the main road Mahmudiya after the closure of 10 years
2017/11/30 20:46
[Ayna-Baghdad]
Baghdad Operations Command opened the main Mahmudiya road, the last closed road in the district south of the capital after a break of more than 10 years.
A statement from the Ministry of Defense said that the opening was "under the direct supervision of Baghdad Operations Commander Major General Jalil al-Rubaie and Commander of the 17th Infantry Division Brigadier General Ali Majid and the presence of a number of officers and commanders and dignitaries of the region and citizens."
He added that citizens expressed their joy and confidence in the measures taken by the security leaders to alleviate their suffering in addition to their basic duties and their efforts in providing security and stability, especially since this important and vital road for the people in the district of Mahmudiyah has a great impact on easing the traffic momentum and facilitating the movement of citizens and revitalizing the movement Economic aspects of the judiciary "
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ARTICLE 5
Video .. Rawa after liberation
01/16/2017 13:06 • 23 times read
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ARTICLE 6
Mosul is preparing to launch the first marathon after its liberation with the participation of 4000 athletes
Nineveh - November 30: The city of Mosul is witnessing intensive preparations for the launch of the first charity sports marathon after being restored from the control of Dahesh under the slogan "Ninawa Peace Marathon" with the participation of more than 4000 athletes of both sexes of different ages and from all Iraqi provinces and with the participation Regional and international levels.
The Minister of Youth and Sports Abdul Hussein Abtan, called on the youth of Mosul to participate actively in the international marathon of peace to be held on Friday, the first of December, under the auspices of the ministry, adding, "The Ninawa International Marathon eloquent message to the world that Iraq is safe and able to organize festivals Sports across the country. "
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ARTICLE 7
A small inventor saves hundreds of children per year
2017/12/1 13:55 • 4 times read
[Where - Continue]
A 10-year-old American will spend his summer vacation this year developing his invention that could save hundreds of children from death while in closed-door cars.
Since 1998, 712 children in the United States have suffered heart attacks after their parents left them in their closed cars in the summer.
Bishop Cory, a fifth-grader in McKinsey, Texas, is made up of a small box with holes to pump cool air when the temperature is high inside the car and equipped with a device that sends a warning signal to parents and emergency service before it's too late.
Bishop applied for a patent, as well as a fund opened by the family of the inventor to finance the small development of his project and the manufacture of the first model, while several companies continued to invest in it. Donations to the GoFundMe page have now reached more than $ 27,000
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