Word on the Street Friday 1/26/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.5000 | 1,167.5000 | 1,167.5000 | | 07:11 |
| USD/VND | | | 22,677.7000 | 22,382.0000 | 22,385.0000 | | 07:11 |
| USD/CNY | | | 6.3344 | 6.3080 | 6.3220 | | 07:11 |
| USD/KWD | | | 0.2995 | 0.2986 | 0.2990 | | 07:06 |
| GBP/USD | | | 1.4280 | 1.4159 | 1.4159 | | 07:11 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,317.0000 | 13,289.0000 | 13,293.0000 | | 07:11 |
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DC NY Iraq Articles:ddd
Change reveals a "deal" to share power in Kirkuk
The secretary of the Movement for Change in the province of Kirkuk, Mohammad Nasr al-Din, for a power-sharing deal with government departments and institutions in Kirkuk, returned to the constitutional violation.
"The existence of any mechanism to share power between the components of Kirkuk is a clear violation of the provisions of Article (140) of the Iraqi Constitution and this constitutional article controls the determination of the mechanism that determines the future fate of Kirkuk."
He added that "any component of Kirkuk is thinking of defining a mechanism for the division of powers between the components will fail in that mechanism because it is opposed to an important constitutional article is Article (140), and that this article only determines the fate of the province through a referendum by the constituents of Kirkuk, Voting within parliament ".
"The power sharing must be in accordance with the special deal to pass the law on the conduct of local elections in Kirkuk," Nasruddin said.
Demonstrations in Basra against the privatization of electricity
Threatened to close roads to oil fields ...
Hundreds of people from the province of Basra, on Friday, in the area of ecstasy north of the city center demonstrations against the project of privatization of electricity.
The demonstrators threatened to close the road leading to the oil fields, especially the field of Majnoon, which invests the international oil companies, stressing their continuation of demonstrations until the response to their demands to cancel the privatization project, according to Iraqi sources.
The Directorate of Electricity Distribution in the South signed months ago in the light of the approval of the Energy Committee in the Council of Ministers on a contract with an Iraqi company registered in the UAE to invest in the electricity distribution sector in the province of Basra, despite the widespread popular objections, The former refused to implement any project for privatization and investment in the electricity sector at the county level, while the Directorate of Distribution in the southern region that the suspension or continuation of the project depends on the position of the federal government.
During the past year, Basra witnessed several demonstrations in protest against the privatization of the electricity distribution sector in the light of the implementation of the service and collection project. Participants in these demonstrations also demanded a reduction in electricity fees. Some angry citizens expelled the representative of the investment company from a maintenance center in Faw district.
Afrin hopes for Kurdish refugees in Iraq to return
Syrian refugees residing in camps in the Kurdistan region of Iraq condemned the Turkish military operations in the northern city of Afrin.
Refugees believe that the real purpose behind what they call the "Turkish military invasion" is to control the Kurdish areas and loot their goods. The Syrian refugee camps in the region have been saddened by the suffering of their families and relatives since the beginning of the Turkish military operations in Afrin.
Many of the more than 10,000 refugees were preparing to return to their Kurdish areas in Syria, but attacks by the Turkish army in the Afrin area shattered their hopes, they say. In addition to denouncing and denouncing Turkish operations, many of these refugees confirm their willingness to take up arms if necessary.
Everyone knows that the PKK fighters are in the Kandil mountains and not in Afrin. The Turkish raids target civilians, not Kurdish fighters, and if necessary we will take up arms and sacrifice our lives in defense of our land," said a refugee from Afrin. Others believe that Turkey is aiming to control the oil-rich Kurdish areas under the pretext of fighting the PKK.
The administration of the Syrian refugee camps in the Kurdistan region of Iraq refused to make any statements, denying the arrival of groups of new refugees to the territory.
Nineveh Council confirms the control of parties on funds granted by international organizations to rebuild the province
Nineveh Provincial Council revealed on Thursday that a number of parties in the province seized funds allocated from international organizations for the purpose of reconstruction due to lack of centralization and control.
"Some international organizations have allocated funds for the reconstruction of the infrastructure in Ninewa province, especially those that are in direct contact with the lives of citizens," said provincial council member Abdel Rahman al-Waka'a.
He added that "some parties took control of the funds and stolen and others trying to exploit for the purposes of the upcoming elections," referring to the "lack of centralism and control in the work."
He explained that "the provincial council has no knowledge of any of the money that was granted and stolen and is not known to anyone until it became the hands of those parties." Earlier, a number of international organizations had announced their support to participate in the reconstruction of areas affected by terrorism
Imports of the northern port of Umm Qasr rise to more than 44 billion dinars in 2017
Release date: 2018/1/26 14:03 • 13 times read
(Basra: Euphrates News) Financial statistics recorded a significant increase in imports of the northern port of Umm Qasr in 2017 to more than 44 billion dinars from the year before [2016].
A statement of ports received by the agency {Euphrates News} a copy of it today, "the port has achieved a significant increase in the number of vessels connected to him with an increase of 92 ships and also an increase in the volume of cargo by about 1.5 million tons and a half."
Iraq: Find hidden projectiles hidden in Karbala
12:05 26.01.2018 Copy the link
The Directorate of Internal Affairs and Security in Karbala, on Friday, seized a pile of equipment and projectiles north-west of the province.
A statement from the Directorate received a copy of the Iraqi News Agency (INA), that the troops in the Directorate was able to control a pile of equipment and with him projectiles in the area of Razaza north-west of Karbala.
The statement pointed out that the Directorate delivered the seized items to the Directorate of Civil Defense to take the necessary preventive measures to remove the danger to the citizens.
On Saturday, January 20, the Iraqi Ministry of Defense announced the seizure of a cache of explosive materials and improvised explosive devices in the Karma district of Anbar province.
A statement by the Ministry of Defense, published by the Iraqi News Agency (INA), that "the heroes of the 14th Division and the third regiment and in cooperation with the crowd of Karma, were able to seize a pile of explosive materials and explosive devices in the area of the Dawa, contains five glycanat capacity of 20 liters, and 57 Oxygen bottles The form of improvised explosive devices, gas refrigeration units in the form of explosive packs (10), and plastic bottles, in addition to a fire extinguisher in the form of an explosive device.
The statement added that "this operation was based on accurate intelligence , and within the inspections and search for remnants of the terrorist in the areas and districts of Anbar province
Kauaihn Iraq Articles: d
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Washington: 400 international companies participate in the reconstruction of Iraq in Kuwait
The US ambassador to Iraq, Douglas Seelman, confirmed the participation of more than 400 international companies at the Kuwait International Conference on Iraq Reconstruction scheduled for February.
During his meeting with Planning Minister Salman Jumaili, Seleman said his country would be "strongly supportive of the Kuwait conference and mobilize international support for Iraq to obtain the required support," according to Kuwait's Al Watan newspaper.
He added that "there are more than 400 international companies, including more than one hundred large US companies are ready to participate in the conference and enter and invest in Iraq."
"The Iraqi government has completed its preparations for the conference as the national document for the reconstruction of liberated areas will be presented in addition to a comprehensive report on the size and assessment of the damage done to those areas and a file representing the investment opportunities available in Iraq," Jumaili said.
He pointed out that "the reconstruction phase will rely heavily on partnership with the private sector in the implementation of strategic projects, calling on friendly countries, including the United States to provide support to Iraq in the reconstruction process the level of support provided during the war on terrorism."
It should be noted that Prime Minister Haider Abadi had stressed during an interview at the Davos Economic Forum the need for Iraq to between 55 billion to 100 billion dollars for the reconstruction of the areas restored from Dahesh. d
Railways discuss with a Chinese delegation a project linking the holy Karbala and Najaf with a hanging train
Editorial Date: 2018/1/26 13:36 • 42 times read
(Baghdad: Al-Furat News) The General Railway Company discussed with a Chinese delegation a project linking the holy Karbala and Najaf with a hanging train.
A statement from the Ministry of Transport received by the agency {Euphrates News} a copy of it today, "The Director General of the General Company of the Iraqi Railway Salam Jabor Saloum discussed with a high-level delegation included the Chinese Railway Company, the Railway Authority and the international companies in the construction of rail lines of the company CREC and CRSBG The CTC and the CIR company, in the presence of specialists and technicians from the Iraqi Railways and some members of the Iraqi Economic Council. "
He added, "Salloum discussed with the delegation the necessity of activating the rail industries and the implementation of projects of economic feasibility as well as the construction of bridges giant, which contributes to the integration of the rail environment within the roads that are witnessing over the next few years significant progress in providing services in the field of transport of passengers and goods and active participation in the course of the economy Iraqi National. "
"The Iraqi side also reviewed during the meeting the projects of investment railways (project Shalamjah - Basra) and the project (Yusufiyah - Musayyib - Karbala - Najaf - Samawah) and the train project suspended (Karbala - Najaf) length of 70 km to link the two holy cities monorail train.
According to the statement, these specialized foreign companies "to study the subject to be a second meeting between the parties in the near future
He added, "Salloum discussed with the delegation the necessity of activating the rail industries and the implementation of projects of economic feasibility as well as the construction of bridges giant, which contributes to the integration of the rail environment within the roads that are witnessing over the next few years significant progress in providing services in the field of transport of passengers and goods and active participation in the course of the economy Iraqi National. "
"The Iraqi side also reviewed during the meeting the projects of investment railways (project Shalamjah - Basra) and the project (Yusufiyah - Musayyib - Karbala - Najaf - Samawah) and the train project suspended (Karbala - Najaf) length of 70 km to link the two holy cities monorail train.
According to the statement, these specialized foreign companies "to study the subject to be a second meeting between the parties in the near future
Erdogan: We will continue fighting to eliminate terrorists in the border with Iraq
Turkish President Recep Tayyip Erdogan said on Friday that his forces would clean the Syrian city of Manbaj after Afrin. "We will continue fighting until all terrorists are eliminated to the border with Iraq," he said.
"We will clean the Syrian minjab of the terrorists after Afrin, which should not bother anyone," he said. According to the Anatolia news agency.
"We will continue fighting until all the terrorists are eliminated to the border with Iraq," he said.
"The rockets fired from Syria hit one of our historic mosques and killed two of our brothers during prayer," Erdogan said. "Does the West see this?" "We have many injured people. Does the West see that?" Both".
"We will continue our operations in Syria until the last terrorist is eliminated and the region becomes safe for its original owners," he said.
Erdogan said that "there are terrorist organizations in the region under the American flag, how a strategic partner to do this with his partner."
"If we use the force we have in a harsh way against the terrorists, the olive branch is finished in a few days, but we take into account the safety of innocent civilians as much as the safety of our soldiers," he said.
Al-Abbadi demanded that Jordan return $ 28 billion to Saddam's sons in three banks
Jordanian Prime Minister Haidar al-Abadi has asked the Jordanian government to return $ 28 billion in Iraqi funds that Saddam Hussein and Saddam Hussein had handed over to Saddam Hussein in three Jordanian banks, the Jordanian daily Al-Diyar reported.
"Iraq is preparing $ 28 billion of the wealth of the Iraqi people, and Jordan should ask Jordanian banks to hand over to the Iraqi government $ 28 billion," the paper said.
Jordan refuses to return $ 28 billion as a personal account to the sons of President Saddam Hussein, not an Iraqi government account. "
"Saddam's brother Uday and Qusay, Saddam Hussein's Raghad, according to Islamic law to inherit and obtain heirs, are entitled to this amount because she is the heir of her brothers and not of any other heir or wealth of her father. And this led to a tension in the relationship between Iraq and Jordan, "according to what wrote" Al-Diya
5 countries including Saudi Arabia offer a plan of action to resolve the Syrian crisis
The United States, France, Britain, Saudi Arabia and Jordan presented a UN document on the revival of the political process in Geneva, containing a plan of action to be used as a basis for resolving the Syrian crisis.
The document outlines the vision of these countries for the general principles of a new Syrian constitution, and gives a central role to the United Nations in monitoring and managing the electoral process, the most important of which is a broad decentralized situation with great powers and emptying the presidency of most of its powers.
The five countries called on UN Special Envoy Stephane de Mistura to focus the settlement efforts on the content of the constitution, the practical means of elections and the creation of an environment that ensures elections for Syrians at home and abroad without fear of reprisals.
The principles of the Prime Minister, the form of Parliament, the independence of the judiciary, the decentralization of power, the guarantee of the rights and freedoms of all Syrians, the reform of the security sector, as well as amendments to the electoral law.
Integrity: Iraq agreed with international bodies to retrieve four ministers fleeing
"There is an Iraqi agreement with international bodies, including INTERPOL, to combat corruption and money laundering, and to retrieve a number of fleeing ministers, including former defense ministers Hazem al-Shaalan, Abdul Qadir al-Obeidi and former electricity ministers Ayham al-Samarrai and Karim Wahid, "He said.
"An open and transparent investigation in front of the Iraqi people and the media with the former Minister of Commerce Abdul Falah al-Sudani will lead to the collapse of the entire corruption system and all the thieves who caused all this waste and theft will be seen because the Sudanese know them well," Darraji said.
He pointed out that "the political interference during the last period, as well as the weakness of the justice system at the time was a reason to smuggle Sudan and try to dilute his case, which is no longer possible to remain silent."
In response to INTERPOL's intention to visit Iraq during the coming period, Darraji said, "There is an Iraqi agreement with international bodies, including INTERPOL, to combat corruption and money laundering, so I expect that the coming days will see clear accountability for senior corrupt and senior contractors and others, Including former defense ministers Hazem al-Shaalan, Abdul Qadir al-Obeidi and former ministers of electricity Ayham al-Samarrai and Karim Wahid. "
"The size of thefts caused by these people to public money in Iraq amounted to 320 billion US dollars."
Kauaihn Economic Times:
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At the 2018 World Economic Forum in Davos, Switzerland, Bank of America CEO Brian Moynihan discuses how to get an edge in the coming decades.
Read more: https://www.cnbc.com/2018/01/
This Copper Miner More Than Doubled Profits, Propelling The StockInvestor's Business Daily
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Bitcoin is 'gambling' and we will develop regulations around it, Canada central bank head saysCNBC
Zimbabwe: NGOs Lashed for Banking On AtrocitiesAllAfrica
Treasury yields lower as investors look ahead to ECB press conferenceMarketWatch
Citigroup CEO Michael Corbat, UBS Chairman Axel Weber, Barclays CEO Jes Staley, Credit Suisse CEO Tidjane Thiam and Morgan Stanley Chairman & CEO James Gorman talk through their market outlooks at the World Economic Forum’s annual meeting in Davos, Switzerland. Read the full story
Flu increases chance of heart attack for elderly patients, study saysFox News
BITCOIN CRACKDOWN: Swiss bank UBS AG refuses to trade cryptocurrencyExpress
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Weiss rates bitcoin at C+, Ethereum at BMubasher
50 Cent Forgot About Those Bitcoin He Got in 2014 and Now They're Worth $8 MillionFORTUNE
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This Is What the Average Bitcoin Owner Looks LikeFORTUNE
Ratings firm issues first grades on cryptocurrencies, sparking outrage online and a cyberattackCNBC
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IMF's Lagarde Says Mnuchin Should Clarify Dollar CommentsBloomberg
USA/CANADA
U.S. sparks fears of trade war as Trump arrives in DavosReuters
DOJ tells Nunes releasing memo would be "extraordinarily reckless"CBS News
Puerto Rico warns its population and economy will plungeCBS News
ASIA
South Korea launches WTO challenge over U.S. tariffsReuters
How an undercover female reporter exposed sexual misconduct at a London charity bashThe Washington Post
U.K.'s May Says She Was 'Appalled' by President's Club RevelationsBloomberg
dd
GLOBAL/NEWS/INFO
Will Smith: 'Failure is a massive part of being able to be successful'
https://www.cnbc.com/2018/01/
Bridgewater Associates' Ray Dalio gives his best career advice
Shaq once gave a $4,000 tip—here's how he decides how much to leave
NBA star Shaquille O'Neal told Jimmy Kimmel his method for figuring out how to tip waiters.
Wealth manager: Follow this formula to become a millionaire
"This is what the average American has done to become a millionaire by the age of 59," writes New York Times-bestselling author David Bach.
NBA star Shaquille O'Neal told Jimmy Kimmel his method for figuring out how to tip waiters.
"This is what the average American has done to become a millionaire by the age of 59," writes New York Times-bestselling author David Bach.
These scientists are using AI to predict when people will die for better access to medical care
The study is from a team of six Stanford scientists.
Bank of America CEO: People with this skill will be successful in the future job marketThe study is from a team of six Stanford scientists.
Read more: https://www.cnbc.com/2018/01/
At the 2018 World Economic Forum in Davos, Switzerland, Bank of America CEO Brian Moynihan discuses how to get an edge in the coming decades.
Read more: https://www.cnbc.com/2018/01/
OIL/COMMODITIES/ENERGY
This Copper Miner More Than Doubled Profits, Propelling The StockInvestor's Business Daily
Copper miner Freeport McMoRan on Thursday reported fourth-quarter profit that topped expectations. Read the full story
Gold at highest in over a year as dollar softness persistsMarketWatch
Gold prices traded at their highest levels in more than a year Thursday, building modestly on a steep Wednesday rally that was fueled by weaker-dollar sentiment. Read the full story
Gold Prices Hovering Near 4-Month HighsInvesting.com
© Reuters. Gold prices hovering near 4-month highs Read the full story
Gold Recovers Lustre as Dollar Tumbles 1%Investing.com
Crude Oil Prices at Fresh Three-Year Highs on Overall OptimismInvesting.com
Commodities Jan 24, 2018 19:05 GMT Investing.com – Gold prices rose sharply on Wednesday supported by a slump in the dollar while growing fears of a US-China trade war fuelled a modest uptick in safe-haven demand. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose by $22.40, or 1.68%, to $1,359.10 a troy ounce. The dollar came under heavy selling pressure falling nearly 1%, boosting demand for the gold, after Treasury Secretary Steven Mnuchin Read the full story
Crude Oil Prices Settle at 3-Year Highs as Crude Supplies Fall For 10th WeekInvesting.com
Commodities Jan 24, 2018 19:39 GMT Investing.com – Crude oil prices settled sharply higher as data showing US domestic production fell for the tenth-straight week offset a rise in production to nearly 10 million barrels a day. On the New York Mercantile Exchange crude futures for March delivery rose 1.8% to settle at $65.69 a barrel, while on London’s Intercontinental Exchange, Brent gained 0.96% to trade at $70.64 a barrel. Inventories of U.S. crude fell by roughly 1.071 million barrels for the Read the full story
© Reuters. Crude prices continue to rally on U.S. inventory data Read the full story
BANKS/BANKING/CREDIT
Bitcoin is 'gambling' and we will develop regulations around it, Canada central bank head saysCNBC
Stephen Poloz, governor of the Bank of Canada, called bitcoin trading "gambling". Read the full story
Evercore hires Senior MD in the firm's Investment Banking BusinessHITC
Opinion | China's Banks Are Improving (Sort Of)Bloomberg
Evercore has announced that Adam Taetle will join its Investment Banking business in April as Head of the Firm's Consumer Retail Group. He will be a Senior Managing Director in the Advisory practice, based in New York. Read the full story
Gonna need some more. Among the most important questions facing China's economy is this: How stable are the banks? The big picture is pretty well known, and ugly. Debt stands at nearly 300 percent of gross domestic product. Some analysts think the non-performing loan ratio -- officially at 1.74 percent -- may actually be as high as 25 percent. Even state media is promising a "war on financial risks" in 2018. But there are some reasons for cautious optimism. A recent note from analysts at UBS Read the full story
Bulawayo Authorities have warned civil society groups, non-governmental organisations and individuals against using the 1980s massacres of minority groups in Zimbabwe for financial gain. An estimated 20, 000 civilians were slain during the disturbances in the southern parts of the country when a North Korean-trained army outfit was unleashed to quell dissidents. The emotive issue has been revived following the recent elevation of Emmerson Mnangwagwa as president. He was allegedly involved in the Read the full story
India and Mexico get an early taste of the ‘Bank of Amazon’Livemint
New York: As Wall Street worries about someday going up against the “Bank of Amazon,” recent moves by the online shopping Goliath indicate it’s already going in that direction overseas. Read the full story
What to Expect From Bank of America in 2018The Motley Fool
Why Strong Growth Is a Headache for the European Central BankThe New York Times
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It's starting to feel a little bit like 2006, Barclays CEO warnsCNBC
Sudden changes in volatility and monetary policy could spark an "interesting" period for stock markets in the next couple of years, the CEO of Barclays warned Thursday. Read the full story
As the eurozone’s economic indicators hit new highs, the central bank is under pressure to end stimulus sooner than it planned. The central bank’s president provides an update Thursday. Read the full story
Bank of America CEO: We have tons of blockchain patentsYahoo Finance
Bank of America CEO Brian Moynihan says his company is "all for" blockchain. Bitcoin? Not so much. Read the full story
BofA's Moynihan says sharing tax reform cash with workers a priorityFox News
The mood in the market is 'very, very good,' UBS's chairman says at Davos conference. Read the full story
Bank of Japan ending QE won’t unleash higher rates, strategist saysMarketWatchThe mood in the market is 'very, very good,' UBS's chairman says at Davos conference. Read the full story
A strategist at Deutsche Bank said Japanese bond yields are unlikely to climb even if the BOJ ends its asset-purchasing programs Read the full story
Global monetary policy enters a decisive phaseLivemint
The global economy finally seems to be moving out of the shadow of the 2008 financial crisis—and global monetary policy will have to change in tandem. Indian policymakers will have to take this into account in the coming months. Read the full story
The global economy finally seems to be moving out of the shadow of the 2008 financial crisis—and global monetary policy will have to change in tandem. Indian policymakers will have to take this into account in the coming months. Read the full story
TREASURIES/BONDS/STOCKS
Treasury yields lower as investors look ahead to ECB press conferenceMarketWatch
Treasury yields were lower as the European Central Bank kept monetary policy unchanged as expected and would shortly update markets on its potentially policy moves over coming months. Read the full story
A Peek Into The Markets: U.S. Stock Futures Gain Ahead Of Earnings, Economic DataBenzinga
The Top CEOs in Banking Discuss Market OutlookBloomberg
Pre-open movers U.S. stock futures traded higher in early pre-market trade, ahead of earnings from American Airlines Group Inc (NASDAQ: AAL), Caterpillar Inc. (NYSE: CAT) and JetBlue Airways Corporation (NASDAQ: JBLU). Intel Corporation (NASDAQ: INTC), Western Digital Corp (NASDAQ: WDC) and Starbucks Corporation (NASDAQ: SBUX) will release earnings after the closing bell. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. The new home sales report for December Read the full story
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Citigroup CEO Michael Corbat, UBS Chairman Axel Weber, Barclays CEO Jes Staley, Credit Suisse CEO Tidjane Thiam and Morgan Stanley Chairman & CEO James Gorman talk through their market outlooks at the World Economic Forum’s annual meeting in Davos, Switzerland. Read the full story
INSURANCE/HEALTH
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Why climate change is worsening public health problemsThe Conversation US
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You may soon see a new type of tobacco product that claims to be less risky than cigarettesCNBC
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Car insurance premiums are on the up – again – and many of us are searching for ways to save cash on our renewal. Of course, there are the usual answers: using comparison sites, adding named drivers and even buying a lower-risk car; but one firm claims that its motor excess insurance could be a further way to save cash. Essentially, motor excess insurance is an extra policy on top of your standard car insurance policy. While you’d usually have to pay a hefty insurance excess if involved in a Read the full story
With the National Flood Insurance Program (NFIP) currently set to expire on February 9, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to the Senate. But it’s important to note that Hurricane Harvey—which is estimated to have caused $65 billion to $75 billion in damage in Texas, according to AIR Worldwide—is only the latest in a string of disasters that highlight two major issues in U.S. Read the full story
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How the flu turns deadlyCNN
People who are 65 and older account for 80% of all flu-related deaths, however flu can be lethal for anyone, including children and young, healthy adults. Read the full story
People who are 65 and older account for 80% of all flu-related deaths, however flu can be lethal for anyone, including children and young, healthy adults. Read the full story
CRYPTO'S / DIGITAL CURRENCY
BITCOIN CRACKDOWN: Swiss bank UBS AG refuses to trade cryptocurrencyExpress
A MAJOR Swiss bank has announced it will not be trading bitcoin and will not offer the cryptocurrency to retail clients amid speculation increased regulation could spark a "massive" drop in value. UBS AG Chairman Axel Weber said the bank will not trade or offer bitcoin as he warned there are fears the investments could "implode". Speaking at the World Economic Forum in Davos, Mr Weber said: “This is something where the price is really unclear. We fear that in the future if these investments Read the full story
Don't fully understand how cryptocurrencies work? Don't worry! Quick, inexpensive services are now available to help your company use blockchain technology and create a digital coin. Read the full story
Weiss Ratings issued the first cryptocurrency grading assessment, with ratings varying on a scale from A to F Read the full story
Have you ever accidentally become a millionaire and not realized? No? Well, apparently that is exactly what happened to rapper 50 Cent. Read: This Is What the Average Bitcoin Owner Looks Like In 2014, 50 Centmade the then-unheard of decision to let people buy his album Animal Ambition with bitcoin. At the time, the cryptocurrency was worth about $662, so fans were able to buy his album with just a fraction of a bitcoin. Despite this, Animal Ambition pulled in about 700 bitcoin in sales, worth Read the full story
Cryptocurrencies are a hot topic these days. People all over the world are making thousands, if not millions, of dollars investing in these digital tokens. The potential returns, however, come with great risk and volatility. Before investing in cryptocurrencies you should definitely take the time to do your own research. Below i've listed six things, both good and bad, about investing in these digital assets. Related: How Digital Wallets and Mobile Payments Are Evolving and What It Means for You Read the full story
Treasury Secretary Mnuchin explains why he's really looking closely at bitcoinCNBC
Bitcoin futures notch 2-session win streak, but still wobbly even as cryptocurrencies steadyMarketWatch
Bitcoin Is Losing Ground -- Here's the Coin That Could Take Its PlaceThe Motley Fool
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Illicit, hype or the future? Mnuchin, Lagarde and Fink talk cryptcurrencies at Davos. Read the full story
If you own bitcoin, here’s how much you owe in taxesCNBC
Every purchase you make with bitcoin has to be reported on your taxes, at a rate as high as 20 percent. Read the full story
Bitcoin prices on Wednesday log a second straight gain, putting futures on the verge of the longest winning streak in the short history of the cyber unit on the futures market Read the full story
A major payment-processing company is ditching bitcoin, but seems very interested in a certain alternative. Read the full story
Bitcoin Used to Settle First Freight Deal – gCaptaingCaptain
By Isis Almeida (Bloomberg) — Cryptocurrencies are making inroads into food commodity trading. The first freight deal settled in Bitcoin was executed last month on a vessel carrying wheat from top shipper Russia to Turkey, according to Prime Shipping Foundation, the venture behind the transaction. The consignment was part of pilot testing of Prime Shipping […] The post Bitcoin Used to Settle First Freight Deal appeared first on gCaptain. Read the full story
Chances are, you’ve heard of Bitcoin. But the odds are much smaller that you actually have a stake in it. Nearly 60 percent of Americans have heard or read about the world’s largest cryptocurrency, according to a joint SurveyMonkey and Global Blockchain Business Council poll of more than 5,700 adults conducted in January. But only 5 percent of people actually own the digital coin. Those few Bitcoin investors are of a fairly consistent demographic. An overwhelming 71 percent of them are male. The Read the full story
Weiss Ratings, which claims to offer the first ratings on cryptocurrencies, has rated ethereum better than bitcoin. Read the full story
CURRENCIES
IMF's Lagarde Says Mnuchin Should Clarify Dollar CommentsBloomberg
International Monetary Fund Managing Director Christine Lagarde discusses the economy, U.S. tax reform and talks about cryptocurrencies. She speaks with Bloomberg's Francine Lacqua and Tom Keene on "Bloomberg Daybreak: Europe" at the World Economic Forum's annual meeting in Davos, Switzerland. Read the full story
Dollar falls further as Mnuchin defends weak buck commentsMarketWatch
The Demise of the US DollarMarkets & Money
Traders continued to dump the dollar on Thursday, with a key index for the buck sinking to a fresh three-year low after U.S. Treasury Secretary Steven Mnuchin defended his comments that he welcomes a weaker currency. Read the full story
The US bull market really began in 2009, eight years before Trump came into power. Trump continues to take all the glory for the US stock market. Yet he’s ignoring the value of the almighty dollar falling on his watch. Since Trump took over the White House in January last year, the US dollar has rapidly lost value against other major currencies. The post The Demise of the US Dollar appeared first on Markets and Money. Read the full story
Forex - Dollar Hovers at 3-Year Lows Vs. Other MajorsInvesting.com
Forex - Dollar Hits New 3-Year Low on Mnuchin Remarks, Euro Eyes ECBInvesting.com
Pound V euro: GBP hits 7-month high on Bank of England rate hike optimismExpress
© Reuters. Dollar remains under borad selling pressure on Mnuchin remarks Read the full story
© Reuters. Dollar hits new 3-year low on Mnuchin remarks, euro eyes ECB Read the full story
THE pound to euro exchange rate has hit another best level on Thursday, thanks to rising hopes for a Bank of England interest rate hike in 2018. The GBP/EUR pairing has been trading in the region of €1.149, while the pound to US dollar exchange rate is also at its best level since the EU Referendum. Recent UK wage growth and employment figures have shown rising earnings and more people in work, raising hopes for one or more interest rate hikes this year. Read the full story
Forex - Aussie, Kiwi Climb Against Broadly Weaker GreenbackInvesting.com
Aussie and kiwi move higher vs. greenback in late trade Read the full story
South Africa’s troubled rand has turned the corner against the US dollarQuartz
South Africa’s jittery currency seems to be calming down. On Wednesday, Jan. 24 the rand pushed past the psychological 12-rand to the dollar barrier. It… Read the full story
NZ dollar falls as weak inflation weighs on rate expectation | Scoop NewsScoop
Jan. 25 (BusinessDesk) - The New Zealand dollar fell as weaker-than-expected inflation figures dashed expectations the Reserve Bank might have raised interest this year, although the greenback remained out of favour over US Treasury Secretary Steven Mnuchin's ... Read the full story
Rupee opens higher against US dollarLivemint
Mumbai: The Indian rupee strengthened against US dollar on Thursday, tracking gains in the Asian currencies markets. Read the full story
Forex - PBOC Sets Yuan Parity At 6.3724 Against Dollar, Strongest Since Nov 2015Investing.com
© Reuters. Yuan parity Read the full story
© Reuters. Yuan parity Read the full story
U.S. sparks fears of trade war as Trump arrives in DavosReuters
A day after sending the dollar reeling with comments supportive of a weak U.S. currency, U.S Treasury Secretary Steven Mnuchin said the Trump administration was not seeking a trade war but would defend its economic interests. Read the full story
CBS News has obtained the letter Assistant Attorney General Stephen Boyd wrote to Capitol Hill Read the full story
4 Things You Should Know About Filing for Social Security at 70The Motley Fool
FBI is sinking in legal quicksand: KennedyFox News
Thinking of claiming benefits at age 70? Consider these advantages and drawbacks before you do. Read the full story
FBN's Kennedy discusses the Mueller investigation and the plethora of problems facing the FBI. Read the full story
Budget breakthrough in reach, as Senate Dems drop Dreamer demandPOLITICO
The FBI's 'secret society,' explainedCNN
But House Democrats may not support a spending deal that lacks relief for young undocumented immigrants. Read the full story
Conservative media is aflame of late with talk of a "secret society" within the FBI which has as its goal the undermining of Donald Trump's presidency. The existence of this secret organization is evidence, they argue, of a Deep State conspiracy against Trump. This is a story as big as Watergate, they say. Read the full story
Breaking tradition, Trump team unleashes verbal assault on the dollarPOLITICO
Top U.S. officials for decades had routinely declared their allegiance to a strong U.S. currency, framing it as a sign of American economic strength. Read the full story
Top U.S. officials for decades had routinely declared their allegiance to a strong U.S. currency, framing it as a sign of American economic strength. Read the full story
EMERGING MARKETS
Puerto Rico warns its population and economy will plungeCBS News
The U.S. territory's economy is set to shrink by 11 percent next year as it continues to reel from Hurricane Maria Read the full story
Hurricane-Torn Puerto Rico Says It Can’t Pay Any of Its Debts for 5 YearsThe New York Times
Four months after Maria, 450k residents of Puerto Rico still without powerABC News
The island expects its budget to be $2 billion to $3 billion in the red, a deficit that will take five years to shrink. Read the full story
More workers are being brought in to "accelerate progress," the Army Corps says. Read the full story
Half the Venezuelan economy has disappearedCNN Money
Venezuela's economic size has been cut in half since 2013, according to new projections put out by the IMF on Thursday. Read the full story
Venezuela's economic size has been cut in half since 2013, according to new projections put out by the IMF on Thursday. Read the full story
MIDDLE EAST
Analysts weigh in VAT pros, cons in UAE – ReportMubasher
By: Mahmoud Gamal Dubai – Mubasher: The UAE government began to impose the value-added tax (VAT) on various goods, along with the stock trading’s commissions as of the beginning of January. After approximately a month since the levy of the VAT, … Read the full story
Trump holds meeting with Israel's Netanyahu at Davos -- live streamCBS News
Dubai's Shuaa Capital in talks to acquire Kuwait's AmwalGulf Business
Close allies Trump and Netanyahu meet on the sidelines of the World Economic Forum Read the full story
Shuaa previously acquired an 8 per cent stake in the company in July The post Dubai’s Shuaa Capital in talks to acquire Kuwait’s Amwal appeared first on Gulf Business. Read the full story
Inter-GCC imports temporarily taxed at 0%Gulf Business
The GCC countries are preparing to implement a joint 5 per cent value added tax rate The post Inter-GCC imports temporarily taxed at 0% for UAE, Saudi companies appeared first on Gulf Business. Read the full story
Kuwait protests at "insult" by Saudi official, says state media agencyGulf Business
Qatar: We're still growing fast despite Arab boycottCNN Money
It's eight months since Qatar's Arab neighbors broke off ties. The tiny state says the dispute has strengthened its economy. Read the full story
Head of Saudi Arabia's sports committee is said to have made remarks about Kuwait's minister of youth and sport The post Kuwait protests at “insult” by Saudi official, says state media agency appeared first on Gulf Business. Read the full story
It's eight months since Qatar's Arab neighbors broke off ties. The tiny state says the dispute has strengthened its economy. Read the full story
AFRICA
Zimbabwe appears ready to re engage global investorseNCA.com
Zimbabwean president Emmerson Mnangagwa, who will steer the country ahead of elections later this year, has the difficult task of trying to kickstart the struggling economy. Read the full story
Zimbabwe: Fertiliser Industry Pledges Adequate SuppliesAllAfrica
(Photo: Premium Times) The fertiliser industry has pledged adequate supplies of the commodity during 2018/ 19 farming season after suppliers of raw materials agreed to re-open lines of credit for the sector. Fertiliser companies have had their raw materials withheld in bonded houses in the country and at the ports as suppliers demanded full payments before releasing raw materials. This was largely due to foreign currency shortages. However, as a result of uncertainty that existed during the old Read the full story
Zimbabwe: Fuel Price Cuts - a Change Without ChangeAllAfrica
The recent reduction in fuel prices by the government has been received with skepticism with a cross section of Zimbabweans calling the move, a change without change. Energy and Power Development Minister Simon Khaya Moyo on Tuesday told journalists that government has ordered players in the petroleum industry to reduce fuel prices with immediate effect to $1,35 per litre for petrol, $1,23 per litre for diesel and $1,17 for paraffin following the reduction in excise duty announced this week. Read the full story
Zimbabwe: Forex Crisis Hits Car ProductionAllAfrica
(Photo: Jerry Chifamba/AllAfrica) Willowvale Motor Industries, which last year partnered Beijing Automobile International Corporation (BAIC) to assemble vehicles, is failing to meet its initial production targets due to shortage of foreign currency. In terms of the arrangement with BAIC, WMI targeted initial sales volume of 490 for the period to December 2017, which was expected to rise to 940 units in 2018. The deal would see it assemble 3 000 units by third year. While the WMI has started with Read the full story
South Korea launches WTO challenge over U.S. tariffsReuters
South Korea has launched a challenge at the World Trade Organization over U.S. safeguard tariffs on washing machines, a filing published by the WTO showed on Thursday. Read the full story
Outlook for China's economic growthFox News
Asian Shares Ease As Weaker Dollar Weighs On Regional FirmsInvesting.com
China and U.S. Reverse Roles in DavosBloomberg
Weaker dollar sends Asian markets slidingMarketWatch
Asian stocks trended lower Thursday after the U.S. dollar slid overnight, pressuring export-reliant Japanese stocks. Read the full story
JD.com International President Winston Cheng on the outlook for online retail in China and the state of the Chinese economy. Read the full story
© Reuters. Asian shares fall Read the full story
Bloomberg's Tom Mackenzie discusses the Chinese and U.S. presence at the World Economic Forum's annual meeting in Davos, Switzerland. He speaks on "Bloomberg Daybreak: Asia." Read the full story
Asian stocks trended lower Thursday after the U.S. dollar slid overnight, pressuring export-reliant Japanese stocks. Read the full story
EUROPE
How an undercover female reporter exposed sexual misconduct at a London charity bashThe Washington Post
A Financial Times account of lewd behavior at the men-only event jolted Britain and forced a 33-year-old organization to close. Read the full story
Revelations (Video) U.K. Prime Minister Theresa May discusses revelations of harassment and groping of waitresses by men at the top of British business at a London charity dinner. She speaks exclusively with Bloomberg Editor-in-Chief John Micklethwait from the World Economic Forum’s annual meeting in Davos, Switzerland. Read the full story
Stocks - European Markets Open Mixed Ahead of ECB DecisionInvesting.com
© Reuters. Frankfurt Stock Exchange Read the full story
'It's crunch time' Expert reveals why next two months are CRUCIAL for Brexit BritainExpress
BRITAIN is reaching “crunch time” as the next phase of Brexit negotiations near and an expert has claimed the next two months are key for Britain to secure a good deal. Brexit Britain is set to move onto the next phase of negotiations with the European Union and begin discussing a future trade relationship with Brussels. Read the full story
May meets Trump TODAY: PM to strengthen post-Brexit special relationship with US in DavosExpress
'UK needs freedom!' Expert reveals why leaving single market will help Brexit be a successExpress
THERESA May will meet Donald Trump today in a bid to improve the ‘special relationship’ between the UK and USA and lay the groundwork for a post-Brexit trade deal. The two leaders will meet at the World Economic Forum in Davos, where Theresa May will also deliver a speech to an audience of senior politicians from across the globe. After her speech, Mrs May is scheduled to hold a private discussion with Donald Trump, with Brexit and a future trade arrangement sure to be on the agenda. Read the full story
Brexit Britain could become the ‘bridge’ between Europe and Asia and make a real success of leaving the European Union by cutting ties with the single market an expert has claimed. Former Portuguese Minister and political scientist Bruno Macaes claimed that Europe is being replaced by a new “Eurasian century”, as countries within Asia are advancing and quickly developing infrastructure and trade. Read the full story
JP Morgan boss in new warning on Brexit job lossesBBC News US
The head of JP Morgan says it could cut 4,000 UK jobs if financial rules diverge post-Brexit. Read the full story
The head of JP Morgan says it could cut 4,000 UK jobs if financial rules diverge post-Brexit. Read the full story
Blessed and Highly Favored:
CBI Update:
The ISX is closed on Friday and Saturday
Kauaihn Chatter:
1-26-2018 Newshound Guru Kaperoni Article: "Complete system Vehicle Tracking (GPS) Banking Services " Quote: "The Ministry of Communications has completed vehicle tracking company for the benefit of the Iraqi banking project, while the light station installed in the hand Baghdadi in Anbar province to link security and service departments with the capital." I look at this as more good news. The CBI needs to track vehicles hauling currency to and from banks and this just provides more security. Especially when they start hauling dinar for destruction.
1-26-2018 Intel Guru Frank26 [Do you still like January?] YES...BUT...I LIKE EVERYDAY OF THIS MR [MONETARY REFORM] BECAUSE IT IS UNDER GREAT PRESSURE TO COME FORTH... [If we see the RI in January would it be possible we would see the RV within the first Quarter?] YES!!!
1-26-2018 Intel Guru Frank26 [Do you still like January?] YES...BUT...I LIKE EVERYDAY OF THIS MR [MONETARY REFORM] BECAUSE IT IS UNDER GREAT PRESSURE TO COME FORTH... [If we see the RI in January would it be possible we would see the RV within the first Quarter?] YES!!!
1-25-2018 Newshound Guru mike Article: "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" Quote: "The Conference Kuwait International is scheduled to be held for a period of 12-14 of next February will be dedicated...to offer investment opportunities in Iraq, will also allocate other days to raise $ 100 billion for the reconstruction of the liberated cities will participate in the conference 70 countries, in addition to organizations international including the World Bank." ...the whole point of investing is get a financial return, without an open market economy and a functioning banking system with convertible currency, there's no "investment" in Iraq. Handouts? Sure. Relief aid for the displaced? Check. Sovereign bonds can be secured by Iraq's oil revenue, there's no security investing in Iraq's infrastructure.Let's revisit this after the conference and see what happens.
1-25-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: What about the UN charter. Don’t you have to be under Article 8 to operate out of monetary sanctions from the wars, meaning the movement to a different monetary regime? A:Yes, this is true and there are plans to move from Article 14 to operate “fully” under Article 8. The plan is to complete this within the first quarter of 2018. At this time we hope to have monetized to the new dinar categories. Question: Won’t you also have to stop the current practice of the currency auctions? Answer: yes, this is the plan within the first quarter of 2018 to stop these currency auctions.
1-25-2018 Newshound Guru Enorrste Article: "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" Quote: "The Conference Kuwait International is scheduled to be held for a period of 12-14 of next February will be dedicated...to offer investment opportunities in Iraq, will also allocate other days to raise $ 100 billion for the reconstruction of the liberated cities will participate in the conference 70 countries, in addition to organizations international including the World Bank." Unless the currency is convertible nothing of any consequence will happen.
1-25-2018 Newshound Guru Adam Montana [...isn't Iraq election in February? If so if the rv is not do before the election what is Abadi's chances of being re-elected?] Election dates... actually, ANY event in Iraq... they tend to be confusing and subject to change. It seems to change from week to week more or less. It appears that the election process will start in February, but the actual vote will not happen till May.
1-25-2018 Intel Guru Frank26 IMO Iraq has an International Currency Now. IMO CBI has a strategy and are distributing the LD’s ( Lower Denominations) in the banks now. This week Dems asked President Trump how he would pay for the Wall...He said (IMO) to ask him next week! We told you...to wait until Davos was over...and soon President Trump will make his keynote Speech in Davos. President Trump will also say IMPORTANT THINGS in his State of the Union Speech! IMO..Something is planned for January...Don’t know for sure if it’s to raise the value? Next week my teams and I will know more. IMO At the end of all of this the USD will come back stronger just like it did in 1999 ( Kuwait RV? ). IMO Banks may have RI’d already and we just can’t see it posted yet….but, IMO they are sure acting like it in Davos...
1-25-2018 Newshound Guru Breitling Watching the Iraqi Dinar is not some special event. There’s not something special or secretive in the background going on. It’s simply an economy that’s in the market and has to compete and they have to watch what it is they are doing so they can balance out their currency with their economy in order to compete correctly…No body outside of a country has the right to manipulate somebody else’s currency. It just doesn’t happen…the reality is it has to do with markets.
1-25-2018 Newshound Guru Adam Montana [...on a scale from 0 - 10 how far or how close are we to thé HCL Rv?] ...a 10/10.
d1-25-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: What about the UN charter. Don’t you have to be under Article 8 to operate out of monetary sanctions from the wars, meaning the movement to a different monetary regime? A:Yes, this is true and there are plans to move from Article 14 to operate “fully” under Article 8. The plan is to complete this within the first quarter of 2018. At this time we hope to have monetized to the new dinar categories. Question: Won’t you also have to stop the current practice of the currency auctions? Answer: yes, this is the plan within the first quarter of 2018 to stop these currency auctions.
1-25-2018 Newshound Guru Enorrste Article: "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" Quote: "The Conference Kuwait International is scheduled to be held for a period of 12-14 of next February will be dedicated...to offer investment opportunities in Iraq, will also allocate other days to raise $ 100 billion for the reconstruction of the liberated cities will participate in the conference 70 countries, in addition to organizations international including the World Bank." Unless the currency is convertible nothing of any consequence will happen.
1-25-2018 Newshound Guru Adam Montana [...isn't Iraq election in February? If so if the rv is not do before the election what is Abadi's chances of being re-elected?] Election dates... actually, ANY event in Iraq... they tend to be confusing and subject to change. It seems to change from week to week more or less. It appears that the election process will start in February, but the actual vote will not happen till May.
1-25-2018 Intel Guru Frank26 IMO Iraq has an International Currency Now. IMO CBI has a strategy and are distributing the LD’s ( Lower Denominations) in the banks now. This week Dems asked President Trump how he would pay for the Wall...He said (IMO) to ask him next week! We told you...to wait until Davos was over...and soon President Trump will make his keynote Speech in Davos. President Trump will also say IMPORTANT THINGS in his State of the Union Speech! IMO..Something is planned for January...Don’t know for sure if it’s to raise the value? Next week my teams and I will know more. IMO At the end of all of this the USD will come back stronger just like it did in 1999 ( Kuwait RV? ). IMO Banks may have RI’d already and we just can’t see it posted yet….but, IMO they are sure acting like it in Davos...
1-25-2018 Newshound Guru Breitling Watching the Iraqi Dinar is not some special event. There’s not something special or secretive in the background going on. It’s simply an economy that’s in the market and has to compete and they have to watch what it is they are doing so they can balance out their currency with their economy in order to compete correctly…No body outside of a country has the right to manipulate somebody else’s currency. It just doesn’t happen…the reality is it has to do with markets.
1-25-2018 Newshound Guru Adam Montana [...on a scale from 0 - 10 how far or how close are we to thé HCL Rv?] ...a 10/10.
1-25-2018 Newshound Guru Kaperoni Article: "US Vice Foreign Minister in Baghdad next Sunday" Quote: "Visiting Deputy Foreign United States Secretary John Sullivan of Baghdad on Sunday for talks on activating the strategic framework between the two countries on the diplomatic, political and economic levels of the Convention." The economic side of the SFA is the TIFA agreement. Clearly that can not be activated until Iraq's banking system is engaged with the world.
1-25-2018 Intel Guru Frank26 [r u referring to collecting the 000s from inside iraq or outside or both?] BOTH FRIEND...HENCE THE VERY CONTROLLED FLOAT. [reference Guru Frank26 post 1-24-2018]
1-25-2018 Newshound/Intel Guru Mnt Goat Q: Has the rate of exchange (IQD vs USD) changed within Iraq? A: The rate of exchange should be transparent within Iraq except for merchants and businesses. When the CBI is paying out January salaries and pensions we are paying under a much higher rate. This rate is based on an early December agreement with the IMF. [post 3 of 3...more Q and A to follow.]
1-25-2018 Newshound/Intel Guru Mnt Goat Q: What are the new category notes? A: Iraq can expect to see 1, 2 dinar coins, along with 5,10,50,100, 200, 500 and 1,000 paper notes as common categories. Also ¼ and ½ dinar coins along with 5, 10,100 coins. This distribution however must be a slow and gradual distribution as the marketplace demands. As you may know we did launch the new secured 50 notes in 2015 but postponed the 100 and 200 category notes planned for 2016 distribution but are now ready. The 1,000 note is already in circulation but we are working on a newer polymer version with new security features to come out soon. [post 2 of 3....stay tuned]
1-25-2018 Newshound/Intel Guru Mnt Goat ...update to a recent conversation with my contact in the Central Bank. Folks it does not get any better than this to confirm what I (and others) have been saying about a very good timeframe for the month of January to see this revaluation to occur. Q: In past news articles we read that some of the categories of the lower notes have been distributed to the banks within Iraq. Is this true? A: Yes, but not all the branches. ...This effort was a year long effort and is now completed. Q: When do you plan to turn on the ATMs with these new categories? A: These new notes will be loaded into the ATMs and the bank windows soon if not already at some banks. I can tell you this timing is on conjunction with paying the govt payouts (salaries, pensions, etc.) for the month of January. [post 1 of 3....stay tuned]
THE BIG CALL WITH BRUCE THURSDAY, JANUARY 25, 2018, INTEL ONLY
TRANSCRIBED BY PINKROSES
Thank you PinkRoses. ~ Dinar Chronicles
Bruce: Welcome Everybody to the Big Call tonight. Let’s all be in an attitude of gratitude. What I received this afternoon should put us in the state of mind, heart, state of being to be in that state of gratitude for what we are about to receive because every indication that I have is very positive for us. The timing is good for us to go here before I am going to say we are in the moment. We are in that moment. We are so close from what I have heard especially tonight before the call.
Bruce: When it comes to Iraq, we usually start there because so many things key on Iraq. We know those bonds that were being offeredWednesday morning, yesterday morning, at 8:30am Baghdad time, those did not sell so well in Iraq because a lot of the people don’t trust the banks. They do not trust the CBI. They don’t trust that situation. They are sort of a cash society or have been with everything going on. They are not super trusting and so the bonds some, but the bonds sold more to Iraqi citizens that were living outside of Iraq. A lot of Iraqi citizens winded up moving to Jordan, United Arab Emirates, Saudi Arabia, and of course Iraqi citizens that live in the United States of which of some we know.
Bruce: They did make another attempt to sell more bonds. They were cut off after an hour or so of trading. They did some more selling of those today, and again more outside than inside of Iraq. I believe those bonds will sell. I don’t know about the terms or particulars of the bonds. The only thing I know is the rate for the dinar that was attached essentially to the bonds is a very strong rate for the dinar and is the same rate as the opening rate will be on the CBI and on our bank screens here. I do know that. I do know that it is slightly under $5, but not much underneath it. I know that is just going to be a very strong screen rate.
Bruce: You know you can negotiate rates above the screen rate even for the Iraqi dinar as well as the Zim, Dong, and Rial if you wish but if you have humanitarian projects that you will use some of the money for. The greater the percentage that you plan to use for your projects, sort of the higher they will let you go on your rates. Don’t say 100 % or don’t say all of this or that, but keep a realistic percentage of what you plan to use or what you will use for humanitarian projects and that will allow you to get a higher negotiable rate.
Bruce: Some people believe and are talking in terms of banks. When I talk in terms of our experience that is coming, I talk in terms of exchange locations. I talk about Exchange Centers, and I talk about Redemption Centers. When I say Redemption Centers that is because we are redeeming the Zim as a bond. That is why I use the term Redemption Centers because we are redeeming them as bonds, the Zim. The other currencies we are exchanging. That is why we use those terms to clarify that. Exchange Centers versus Redemption Centers.
Bruce: Some people are using the term “the banks”. “When are we going to the banks?” There will be banks that will be doing exchanges. They will not be doing Zim unless they are HSBC or Wells Fargo. Then there might only be so many. All the HSBC will be doing Zim and some of the HSBC or if not all will be used as Redemption Centers, but some people tend to believe that the Dong is going to be at 47 cents. That has been their thinking for 8 or 9 years. Just not true. The Dong is already close to $2 just the other night. Just to give you an idea, I think the screen rate is going to be in that range or higher for the Dong. Now you have a rough idea on the Dinar and Dong.
Bruce: The Zim is going to be just I don’t care if it is a dollar which would be on par with the US dollar. It could be a little higher than that. You realize with the denominations, and please there are no zeros coming off the Zim. It is a bond. It is treated as a bond. If you are in a deal that takes zeros off the Zim, you are not in a real deal. You are not in a fair deal. The denominations are large, billions, trillions, 10 Tr, 20 Tr, 50 Tr, 100 Tr.. Those notes that is what they are worth especially if the Zim is at a dollar which it be, you are looking at a 100 Trillion note being worth 100 Trillion dollars.
Bruce: That is why the Zim exchanges will go to a structure payout of 25 years. You can negotiate for a slightly less than 25 years depending on much you have. The more you have most likely be a 25 year payout. If you have one or two notes or smaller notes, you might be able to pull off a shorter period of time for your structure payout. For me I am thrilled with the idea of a 25 year structure payout. I think it is fantastic not have to worry about getting a steady return that comes to me every quarter to use for my projects or whatever. I think it is fantastic. You don’t have to worry about the investment aspect of it. That is what I love about it. It is kind like it is done for you.
Bruce: Keep in mind that the money that comes from the exchange of currencies like the Dinar, Dong, Rupiah Afghani, and the Rial those funds are fully accessible to you. You do not have to put those in your structure payout. You could if you choose to lump those in, but they do not have to be put in. They could be just available, accessible to you right away with no limit to the accessibility of those amounts. That is kind of different, kind of neat. That is how I am going to do it myself. I am just going to take the amounts designated for the other currencies Dinar, Dong, Rial, etc. and keep those separate in my mind and in my account so that I don’t confuse that with the structure payout account from the Zim. Just a little clarification there.
Bruce: When you go in, you will when you are setting up your accounts, you will have a skeleton trust, think of skeleton as bare bones, a basic trust that you will want to establish before you walk out of the bank. They will want you to have something. If you already have trust paperwork that you like for this exchange bring it with you. Bring all of it and tell them here is my trust. Here is my certificate of the trust. So they have the EIN and everything you have done. It will make it will make it easier to do that if you choose to do that, but we will have the ability to set up a basic skeleton trust at the time of the exchange.
Bruce: Then you will have a period I believe up to 90 days, that is 3 months, to get with your attorneys, or attorney, your estate planning trust attorney, and set up whatever proper structures will be right for you. Then you can substitute those. Now realize you can have as many accounts as you want underneath the ownership of the trust. You don’t have to have one trust for this account, one trust for that, whatever. You can do that, you can set up multiple trusts, but you can also use a master trust and put some other things underneath that. You can even put a LLC inside your trust and keep it that way. There is several ways you can do that. Your attorneys not me, I am not a CPA, an attorney, and don’t play one on the Big Call. Check with your attorneys, your legal team, at the time of your exchange. Start creating that.
Bruce: Bring in your trust paperwork with you wish to use it, but if you don’t, you can create one at the time of your exchange. If you are going in and plan to use a trust that requires an EIN, employee identification number, you would need at least 5 trusts names already written down before you go in. Don’t try to remember them. Just write them down, at least five. When they go to set up your trust based on your jurisdiction, they will try to see if that name is available for that trust, if it needs to be registered. Some trusts do not need to be registered. Some trusts do. Check with your attorney about that as well. So what you want to have 5 names available so that if one is not available you can go on to the next one and so on. Hopefully when you get down to the 5 name it will be available. It can be something crazy, something fun, but it is going to be the name of your trust, so don’t get too crazy with it. That is something I want you guys to be aware of.
Bruce: That takes place in an hour to hour15 minutes for your exchange. You will have your currencies verified and counted thru the De La Ru machine. Then you will be talking with a representative to set up your accounts. You will be talking to somebody about your projects. If you are doing any humanitarian work you will be talking to them about that. Negotiating your rates. After that process takes place you will be negotiating your rates or working right off the screen rates. You will be or not signing a non disclosure agreement, or NDA depending on the situation. I cannot tell you exactly.
Bruce: My indications are the screen rates will not require an NDA except possibly the Zim. They may still require an NDA even at the screen rate. I am not sure of this. Don’t get back with me if that is not the case. You will find out just as I will when we get there. You will have one or two accounts set up. I am not going to use a cashier check; I may do one bank wire. I wouldn’t do more than one or two. You just won’t have the time to do that. You just won’t have time to do more. You will pick up some cash at the exchange centers. You also will have access to a temporary debit/credit card. Then you should get a permanent debit/credit of the bank you choose there. Hopefully in 48 hours it will come by Fed Ex. There is no time frame on that personal card.
Bruce: There is a lot to happen in a fairly short amount of time. The thing that goes the fastest unless you carrying duffle bag after duffle bag of currencies, The quickest part will be the verification and the counting. You will be setting up your accounts, and getting your debit/credit/ card going. You will be getting some cash up to $10,000. I believe they have $100 bills in $2500 mini stacks. You may be getting 3 to 4 of those stacks if you want some cash just to have some liquidity. If you are not a cash person, don’t worry about. If you want some and use to spending cash and using100s by all means help you.
Bruce: When it comes to Humanitarian projects, this is where your dog and pony show on what you plan to do for humanity will be. It can be two to three minutes. I would say no more than 5 minutes, but I would say 2 to 3 minutes. Let them know what you plan to do, how many jobs you see yourself creating in two years, otherwise you are looking at job creation, infrastructure, and longevity. You don’t want projects done in two years. You want projects that could go on, something that can go beyond your years. That is what you are really looking at. You want good employment. We are almost, right now, at full employment. We are at 4.1% unemployment rate which is pretty close to what they call full employment. You can thank the Trump Administration for that.
Bruce: We are moving toward needing qualified people to build out our projects. This is where we are going to find ourselves needing people. Needing qualified people that can be trained. That is why any veterans that comes back or released from the arm forces and needs training, we will be able to help them to get that training. We can help with trade schools on the job training. Some of these jobs you can learn on the job. A lot of these are lab work. You can learn a lot on the job. I think we will help them do that. We will have apprenticeship and mentorship in the inner cities and rural towns.
Bruce: We have a lot to do with Rebuild America and all can participate in all across the country. You can say you are going to be part of that project. It will be wonderful and you do not need to mention my name. You can tell them that you plan to be part of that in your community, your town or a place you plan on moving to or a place that is in reach to make changes for that city, town, and community. I will be working with my team to put a template together on how to begin and get started on what we plan to do. Everyplace will have slightly different things happening. Whether it is rebuilding homes, rebuilding schools, clinics, recreation centers, creating infrastructure opportunity with roads and bridges, Meg love railway. All kinds of opportunities will be there.
Bruce: Do not forget fiber optics, improving internet quality. All that is part of infrastructure as will. If you are leaning to one or the other type of thing, you will gravitate to that and that is what you want to do in that town. That will be coming when we get with the team and put it on our website. We have website already for rebuild America and Veterans Retreat Network. We have the website:bigcalluniverse.com so you can register your email if you want to get the toll free number. You will also get an email from us when we are ready to do calls and pod casts, and we will have interviews. We will start those up a month or so after we get ourselves ready for everything we plan to do.
Bruce: How close are we? We are very close. Before President Trump left for Davos yesterday evening, he gave permission to Steven Mnuchin, the Secretary of the Treasury to release this for us to the banks prior to midnight tonight. Release it to the banks. Now understand to all who are listening, don’t confuse what I am saying. Listen carefully. That means the banks will have it or will have ittonight to release it when they are ready. When the banks are ready. Maybe ready quickly, maybe they won’t. We will see how quickly that will manifest. Understand what I said.
Bruce: This afternoon the 5 major banks, HSBC, Wells Fargo, Chase, Citibank, and Bank of America all were on a conference call that started at 3:45 pm EST on the east coast. It only had (3) representatives from each bank, (15) people on the call. I do not know what they were talking about. I can only presume what they were talking about. Hopefully it was about the release time and when it will actually go and how they will prepare for it, etc.
Bruce: I just here to tell you things are in the works and President Trump is suppose to speak as the final speaker in Davos tomorrow at1:00 Greenwich meantime tomorrow out of Davos, Switzerland. I believe that is fairly going to be 6 or 7 am ESTin the morning tomorrow. I don’t know it will be covered by Fox or anywhere else. Hopefully it will be and I can look for it.
I don’t know if anything is contingent on that speech the release for us or not. I heard rumors it may go after. I have heard it has nothing to do with Davos. I know either the banks have it or they going to get it by midnight tonight from the Treasury to release. That is where we are and I am very excited about it. I am honored still to be chosen to receive the toll free number.
I think we are at a moment to moment basis. Let’s be in that attitude of gratitude and you are ready and prepared for your exchange and you Zim redemption. I can’t think of anything else that is relative to where we are right now.
Bruce: Let’s go back all back in our minds how we want to present ourselves. Make sure you bring (2) forms of identification, picture ID, a recent utility bill, could be a phone cell bill, something with your name and address on it. If you have a passport bring it. We have been over this stuff for 5 to 6 years now. I can’t think of anything new.
Bruce: I am excited and looking forwards to receiving a call with the toll free number. I will get it out and have the information delivered to places that it needs to go. Drop the phone number in, cut and paste it and it goes out. Bob going to help to see that those who have registered to our website: big universe.com. Receive that toll free number.
Bruce: Thank you everybody. I am hoping the next call you hear from us will be just a quick celebration call on a recording. We will record it and put it on website. Thank you all for coming in and listening. Thank you for your faithfulness. Thank you for faith, hope and love. Thank you Sue, Bob, Pastor Steven. Thank you Big Call Universe for listening. Good night everybody.
THANK YOU BIG CALL AND BRUCE, HUGSS
d
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
Last postings dated January 25, 2018 and have already been shared.
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ARTICLE 2-A
Abadi returns home after attending the economic forum in Davos
2018/1/26 10:24
[Ayna-Baghdad]
Prime Minister Haider al-Abadi returned home after attending the World Economic Forum in Davos. "Abadi returned home after his participation in the World Economic Forum in Davos," a brief statement to his office said.
Prime Minister Haider Abadi met in the Swiss city of Davos, where the World Economic Forum is holding a number of Arab and international political leaders and figures, and heads of international companies.
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ARTICLE 2-B
Abadi returns to Baghdad after attending the Davos Forum
BAGHDAD (Reuters) - January 26 - Prime Minister Haider al-Abbadi returned to Iraq on Friday after wrapping up his participation in the World Economic Forum in Davos, in Suseira.
"Abadi returned today to the homeland after his participation in the World Economic Forum in Davos," the prime minister's press office said in a brief statement.
The work of the 48th Economic Forum in Davos, Switzerland, was launched on Tuesday under the theme "Building a Common Future in a Disintegrated World" with the participation of about 70 heads of state and prime ministers, including Prime Minister Haider Abadi. Finished
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ARTICLE 3
The National Alliance: Raising the former flag in international conferences insulting
BAGHDAD, Iraq - January 26: The National Alliance expressed its displeasure at raising the flag of the former Iraqi in the global conferences because it is unacceptable and reduces the prestige of Iraq and because it represents the former regime, "as described.
The member of the coalition, Mahmoud Chihod "was supposed to Prime Minister, Haider Abadi, to object during the Davos World Economic Conference held in Switzerland on the status of the Iraqi flag, which represents the former regime in the courtyard of the ceremony of the Conference as this can not occur in the presence of the Iraqi Prime Minister and his accompanying delegation And put a flag to represent the country of the delegation, "noting that" Abadi had to insist on raising the flag of Iraq, which represents the new democratic country and the objection and boycott to raise the flag of the old, which represents the former regime. "
"The lifting of the former Iraqi flag at international conferences signals the humiliation of the new and old Iraq before the US invasion in 2003. The old flag always raised in all international conferences refers to Iraq, which besieged it for 13 years, killing one million And a quarter of a million Iraqis, and destroyed the entire infrastructure and then invaded in 2003 and the sweetness of his army and police and handed him a summit to grabs to regional and foreign countries stolen all the resources and wealth and its effects and effects and ruptured social fabric, and indicates the lifting of the former flag also that they masturbate the new Iraq and do not recognize it even, Nor the national Pinchedh and it's just shadow of their designs carried out by local politicians of dual nationality or can Ahadatha great powers of appointment and disqualification from office whenever they want to achieve the interests are not more "ended .oh
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ARTICLE 4
Qubad Talabani: The reasons for the emergence of a "preacher" in the region is still unresolved
Irbil - Iraq News - January 26: Vice President of the Kurdistan Regional Government, Qubad Talabani, announced that the reasons and factors of the emergence of the terrorist organization "Da'ash" in the region still exist, stressing the need to uproot Daasi ideology and eliminate those factors.
The Deputy Prime Minister of the Kurdistan Regional Government (KRG) made the remarks while participating in a dialogue session dedicated to discussing the situation in Iraq and Syria and reconstructing the liberated areas from the grip of the terrorist organization on the sidelines of the Davos Forum.
Qubad Talabani pointed out that the areas liberated from the grip of "Da'ash" not only need to rebuild the role and buildings in it, but also need to social reconciliation and rebuild confidence and coexistence among its various components, and this is in need of strenuous efforts because it advocates leaving social effects in this Areas and had very adverse effects on the components of those areas.
In another aspect of his speech, Qubad Talabani highlighted the activities and activities of the Kurdistan Regional Government, which received over the last four years a large number of displaced and displaced from areas of control "Daash" and provided them with the necessary services, and that was a heavy burden on the public services sector in the province And expressed the hope that the reality of the Kurdistan region in this regard will be taken into consideration during the process of reconstruction of the liberated areas of the terrorists.
Qubad Talabani also stressed that the reasons and factors of the emergence of "Dahesh" still exist and thought "Dahesh" still exists in the region, and felt that it is necessary to uproot the thinking Daashi and eliminate these factors, and finding solutions for the reasons that led to the emergence. Finished
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ARTICLE 5
The document .. the decision of a severe imprisonment on Atil Nujaifi and prevent him from travel and seizure of his money
BAGHDAD - January 26 - A leaked document containing a ruling issued by the Rasafa Court of Misdemeanors on integrity, money laundering and economic crime cases against the former governor of Nineveh, Ethel al-Nujaifi,
The court ruled that Ethel Abdul Aziz Mohammed Abdel Aziz Nujaifi was sentenced to three years' imprisonment under the terms of Article 329 of the Penal Code.
The decision also "issued an arrest warrant against Ethel Nujaifi in accordance with the provisions of Article 329 of the Penal Code to implement the penalty against him, in addition to preventing him from travel and seizure of his movable and immovable property."
"The decision was based on the provisions of article 182 (a) of fundamentalism," he said. Finished
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ARTICLE 6
The moon witnesses three rare phenomena at the end of the month
2018/1/25 23:33
[Where - Continue]
A rare astronomical phenomenon that the world will see on January 31, scientists call it the "giant blue moon". This rare event brings together three phenomena of the moon at the same time, a world last seen 152 years ago.
As the name implies, the giant blue moon is a "blue moon", a "moon moon" and a "giant". This event was last seen on March 31, 1866.
Unlike what the reader expects, the moon here will not be "blue", but the name usually refers to an astronomical phenomenon that means that the moon will be completed twice in one month, in which case the moon appeared on January 2, Thirty of the same month.
It is noteworthy that some call this phenomenon of the Blue Moon also called the "Moon of the Wolf". The moon will be covered by the earth's moon, but the phenomenon will be seen in some parts of the world. .
Add to that the moon will be a giant, a situation that occurs when the moon in the closest orbit to the Earth, so that it becomes larger and brighter. But where can you see the bloody blue moon?
The population in Australia, New Zealand, Central and Eastern Asia, Indonesia, Alaska, Hawaii and parts of North America.
It is noteworthy that the completed moon will appear twice in March, and the phenomenon of blue satellites occur every two and a half years on average.
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