Saturday, July 21, 2018

WOTS Friday 7/20/18

WOTS Friday 7/20/18




TNT Conference Call Friday July 20th, 208

okay so in honor of Adept1 who couldn't make the call today I did this.  It's not perfect but I think it will suffice at least that is my hope


 
Donate if you can info is at http://www.tntsuperfantastic.com
 
They gave the greetings
 
it's Friday so lets get this party started
 
RR says no updates yesterday let's just start with what we have today towrap u the week
 
T says I'm still reading a bunch of articles but let's just go with what we know.
 
okay listen up! pay attention! you ready?  this is what I can tell you, there is a lot of news coming out of IRaq this morning, that's why I'm still reading.  they did start the protests that they wanted.  Maliki, Amiri  Sadr are all trying to act like they are on the side of the citizens.  Sadr might be haha but the others are putting out statements and tweets saying we are going to join in with you and you should be protected, and you have every right to do what you are doing. all the while Maliki is instigating it. and they are on facebook and internet promoting the demonstrations.  the us and un both put out statements that they should be able to protest and they should have protection while they are doing.
 
so the protests are growing and everybody wants to be on the citizens side now, and I do mean everybody ... you have every right to protest because you haven't received what you are supposed to. the citizens are complaining and Sadr is leading it telling the government how are you going to fix everything in 2 weeks when you couldn't fix it in 4 years? So he is putting that statement out there and making public statements about forget about forming the government let's just fix the people's problems.  but how do you do that without a government? I don't know.  so the US and UN are telling them you guys need to conclude the counting, get the goverment in place so you can fix the people's probmlms which makes sense how else do you fix the problems?
 
And other than that everything is great! How does that sound?
 
so on this side we have gotten word that says hey don't pay any of that any attention, just don't pay attention to it.  things are going to happen and they are gong to happen soon.  i got that word after the wendesay call. I got some info last niht and I'm trying to figure out how to tell you guys without getting in trouble.  hmmm quiet while he's thinking, it was basically ummm, all the necessary requirements have been met, I'll say it like that have been met, allll necessary requirements have been met and all approvals have been giving.  so the first one was don't pay attention to all the mess you see, that came from this side,  from that ide they had meetinsg, people talked people did what they needed to do all necessary requirements met all approval given as of yesterday.  can't give who approved what or none of that because that ... I'll see if any of the other gurus come up with maybe I'll tweet hey yes that was it.  they both chuckle Tony says no that won't work
 
So I gave you all the bad news and then said it's not as bad as it sounds.  I'm going into this weekend and next week, excited about the possibilities.  So nobody is down, a bunch of negative news coming out, they are on the street doing what they need to do but things are getting done. THat's what I should have said Things ARE getting done despite what we are seeing.
 
question about living in districts and where to exchange
T says in most other cases dealing with the government it's where you lived for the last 181 days, the most part of the year that's your home territory.
 
next ?  should we start a twitter campaign?
Basically No.
Mentioned to be aware the democratic party will be using a twitter hashtag really close to ours so be careful when tweeting and using #wearethepeople
 
 
next? 
Is there a limit to how many people I can gift Dong to?
No
 
When does the 90days start to form the govrnment?
When the Prime Minister is announced, then 90 days from that day to put his government together.
 
 
THe makets mentioned on the last call being used to slowly raise the dinar rate, is that market the platforms?
T says No, I was talking about secondary  markets.  It hasn't hit fore yet and when the rate comes out, we've been doing this for 8 to 10 years.  the dinar was going to be reinstated plus some for inflation so about 3.22 then 3.51 now up to 3.71.  reinstated add that in and it couldnt be more than 25 cents more thand kuwait whn it frist comes out.  we still know one day it will go from 1190 to 3.71 and that will be an RV and it changes wheter we announce every little step along the way.  we know it will be one rate if it RI and anther rate if it RV.  it's going to RV and then pop up on forex with new numbers and pop up and the bank with numbers.  they will just have the RV rate and once it hits fore and the world findsout theat we were not all looney tunes and the hedge funds get in the rate will go up quickly.  the committee guy aid it will go up 5% a day up and 5% a day down.  Now I don't know if that will change because I told you but that was the plan.  and it will go down a lot faste than it ges up.  kit will be on faore for the whole worl to see.  so set your apps on your phone so you can be aleretd about the different levles
 
hat about the story/rumor about the new currency?
 
the new iraq currency is the lower deonoms and that is what we want.  the lower denoms are the new currency.  there was another dition of the lower denoms printed to add kurdish languare but there is no new currency coming out. we are safe with what we have. 
 
Shabibi stated lifingt the 3 zeros cannot take place in the middle of the year or a quarter.  It must atke place in the start of the year.  Is taht statement still ture.
 
T says I don't know that statment because they have tried to do this many times which were not in those times.  thery are trying to get this done, this month not the frrst of the year or a fiscal year
 
 
 
live callers
 
 
any update on the WellsFargo where the guy goes in teh paring lot?  All I can say is they are excited, all the numbers are the same and they are excited about something.
Becaue the UN and US are urgin IRaq to complete the count so I don't think any more provinces are coming and that lets me go to 8/9 out of ten.
 
next caller
Does the weekend start when markets close?  T says in my mind yes the opportunity is there. (Not saying it will happen, but it opens the opportunity)
 
 
next caller
THe IRaqi citizens that exchanged a couple of calls ago, have they become liquid?
T: they did that day.  Can they double dip? T: Yes, but exchanging them was part of what they had to do to get some of the approvals they got yesterday.
Just hang in there a little bit longer and we'll be exchanging too.  
 
Next caller had a question about his Dinar 25K notes if they are legitimate and Tony said take it to the bank and ask them they have the means to verify dinar notes authenticity.
 
Did you ever find out if the exchange limits are for sure yet?
T: It hasn't gotten down to the banker level yet.  It is not down to bank level and I'm talking to a few different banks and they do not have that info yet.
The only thing I know is they were going to do structured payments on ZIM, but last I heard and all I know is they MAY do structured payouts on contract rates.
 
The Aug 1 thing you heard about the ZIM can that stop our exchanges on ZIM?  I still haven't heard anything, oh no wait they are definitely going to take 100 Trillion and 50 Trillion notes at least.
 
Another question about the votes count, more conversation about the UN and US telling them to announce votes, seat government so people will stop rioting.  Tony says They are stretching it out for some reason we don't know, but the information I got last night has gotten me excited.  Things have moved forward but I have been told DO NOT put this on the internet so I have said all i can say.
 
 
Tony says I do want to say something As much as I've been talking to you guys about the 3d printing on the news there was news about 3 printing of guns
 
 
he just wants us to watch where it's going
 
Closing
 
T: Things are moving forward.  I'm excited, I'm really excited, A big window has opened for something to happen. We just have to wait and see if it does. I'm going into the weekend with my eyes wide open and I'm paying attention to every single thing and hoping that Ray calls me.  They both laughed
 
So, and then we can send out a tweet. I'm going into next week the same way because I'm thinking any minute. It doesn't mean in a minute but it could be any minute. Because of things that occurred yesterday in Iraq, their government people are excited about it. the citizens don't have a clue yet it because it hasn't been broadcasted but maybe it will be over the weekend if not today.  then once everyone knows...then  Hey! it's time to play the game.
 
Enjoy your weekend I'm going to enjoy mine if need be we will tweet out out a blast and keep you guys updated.
 
Rayren says like Tony said enjoy your weekend everybody and we'll keep in touch. when we hear something you'll hear something.
He started the I believe song and then said keep believing.
 
 


WOTS Friday 7/20/18:
Forex Rates: 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,185.0000  1,195.0000 1,186.0000 1,165.1000 1,165.1000  19.9000 16:26
 USD/VND  23,017.0000  23,087.0000 23,017.0000 22,661.3000 22,661.3000  355.7000 06:45
 USD/CNY  6.7726  6.7746 6.8068 6.7144 6.7171  0.0555 16:52
 USD/KWD  0.3026  0.3036 0.3029 0.3019 0.3025  0.0001 16:06
 GBP/USD  1.3015  1.3016 1.3082 1.2959 1.3077  -0.0062 16:52
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  14,471.0000  14,509.0000 14,553.0000 14,388.0000 14,476.9000  -5.9000 16:29
CNBC Link:  
CNBC Morning Squawk Link:
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DC NY Iraq Articles:dd

Sadr Calls for Action to Meet Protesters’ Demands Instead of Talks over Government Formation

ERBIL — Iraqi Shi’ite cleric Muqtada al-Sadr, whose Sairoon faction came first in Iraq’s May election, has urged the political parties to halt talks over forming the future government, and, instead, fulfil the demands of the protesters in the country. 
“The winning political parties in the current [May 12] elections should suspend all talks for the formation of coalitions [to establish the new government] until they meet the rightful demands of the protesters,” Sadr wrote on his Twitter feed, as reported by Kurdistan 24. 
The influential cleric also called for the formation of working cells within the current government to coordinate between the protesters and the government in hopes of finding a solution to the crisis and meet protesters’ demands.d

This is what the government intends to do to solve the problems of the provinces

Date of release: 2018/7/19 22:27 • 598 times read
"The federal government will work to meet local governments in the provinces and communicate with them to find solutions to the crises they suffer," government spokesman Saad al-Hadithi said on Thursday.
He told the «Euphrates News}, on Thursday, that" the current government procedures and respond to the demands of the demonstrators come to complement the government's approach to address the crises experienced by the provinces, "pointing out that" these actions provide a good nickname from them. "
"The crisis cell and through its meeting with the elders and elders and officials of the province of Dhi Qar issued a series of procedures and treatments to follow the demands of demonstrators in the province, where it issued a decision to launch appointments according to the movement of owners, as well as giving the share of the province of petro dollars and the return of security teams to the province and the mandate of the Ministry Financial provision of specializations for the completion of projects bridge victory and the road link Samawah Nasiriyah.
Al-Hadithi attributed the delay of the government's measures in dealing with the problems to the war against terrorism, which affected the country's potential, as well as the unprecedented financial crisis experienced by the country.
"The rise in oil prices has given a reasonable margin of movement to find immediate treatments, but these treatments have not been completed yet," he said.
On the visit of the government delegation to the Saudi capital Riyadh, Al-Hadithi said that "the visit is in place and it will discuss expanding the horizons of cooperation between the two countries. The government is continuing to develop a technical vision on the level of relations and mechanism to be discussed by the delegation." is ov

Kurdistan region recognizes the financial dues of a foreign oil company

Release Date: 2018/7/20 10:42 • 95 times read
(Arbil: Al Furat News) Norwegian company "DNO" announced the receipt of payments for the deliveries of Tawke field in the Kurdistan region.
The company said on Friday it had received $ 62.33 million in payments for crude oil deliveries for April 2018 for the export market from the Tawke field license.
The funds will be shared according to the company's statement between {DNO} and its partner {Genel Energy} in proportion.
Separately, DNO received net payments of $ 5.41 million.
DNO has a 75 percent stake in the Tawke license it manages, including the Tawke and Pichapir fields.

Ten Iraqi Provinces to Stage Massive Protests on Friday

ERBIL — Protests across southern Iraq continue for the second week in a row, with ten provinces organising larger demonstrations on Friday this week. 
According to Iraqi media reports, the protests, which are said to be larger in scale, will be held in the provinces of Baghdad, Basra, Wasit, Missan, Dhi Qar, Babil, Diwaniyah, Samawa, Najaf and Karbala. 
Meanwhile, the Basra provincial committee for energy has warned the Baghdad government of large-scale protests and uncontrollable situation if it does not meet the demands of the people. 
Thousands of Iraqis across the southern provinces are demonstrating to ask for better job opportunities, public services and social justice. 
However, the demonstrations have left hundreds of fatalities as security forces reportedly used violent methods to disperse the protesters.

Mr. Ammar al-Hakim and Nujaifi discuss the latest political situation and move the formation of the next government

Date of release: 2018/7/19 21:36 • 134 times read
(Baghdad: al-Furat News) The head of the National Alliance, Mr. Ammar al-Hakim, with Vice President Osama Najafi, the latest developments in the Iraqi political situation and mobility formation of the next government.
A statement by the Office of the President of the National Alliance received the agency {Euphrates News} a copy of it today, "Mr. Ammar al-Hakim received his office Nujaifi was stressed the need to continue constructive meetings to form the largest bloc, which takes on the formation of the next government."
Mr. Ammar al-Hakim reiterated that "the national majority is the realistic solution to many of the problems that exist today, and that the next government should achieve the aspirations of citizens to provide services and eliminate corruption and find suitable jobs for young people."
He pointed out that "the need to speed up the demands of demonstrators with emphasis on peaceful demonstration and preservation of property"

Rasheed Bank announces the launch of advances to employees soon

Al-Rasheed Bank announces the launch of advances to employees soon ..
Baghdad / SNG - Al-Rasheed Bank announced on Thursday the launch of advances to retirees soon through branches in Baghdad and the provinces, indicating that the advance will be 3 million dinars.
The bank said in a statement received by SNG, "It was decided to grant retirees to those who receive manually as a first step an advance of three million dinars after the completion of the contract with the insurance company," noting that "the advance will be granted according to certain conditions and conditions."
"The retirees who receive their retirement through the Kart card will be covered later after changing their card to Master Card," the bank said.
During the past year, Al-Rasheed Bank extended loans and advances to employees, hoteliers and health professionals with amounts ranging from 10 to 50 million dinars.
 
Kauaihn Iraq Articles:dd

Kuwait sends fuel to Iraq electricity

Date of release: 2018/7/20 12:59 • 92 times scheduled
(Baghdad: Al-Furat News) The Ministry of Electricity announced on Friday that the Kuwaiti Ministry of Oil directly equipped the ministry with fuel "Alkazawil" to operate the obstruction units. 
"Under the direction of the Amir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah, the Kuwaiti Ministry of Oil will start processing the Iraqi Ministry of Electricity with the fuel of Al-Kassa'il to operate the suspended generating units and support the operating units," the ministry said in a statement.
"A Kuwaiti barge loaded with 30,000 cubic meters of kerosene will arrive on Saturday at the ports of Basra as a first payment," it said, adding that "the other quantities will continue periodically over the next few days."

The establishment of a large border industrial city between Iraq and Iran

Date of release: 2018/7/20 12:01 • 177 times read
(AFP) - The Director of the Proizhakan International Border Crossing (KRG) in the Kurdistan region of Iraq has announced the start of a project to build a 125-hectare industrial city in Proizkhan with the participation of the Islamic Republic of Iran.
"The design of this industrial city has been completed and the implementation process will soon begin with the participation of an Iranian private sector company and a company from the Kurdistan region of Iraq," he said in a press statement.
He added that the decision to build this industrial city was taken during the visit by the head of Kurdistan regional government to Tehran last year.
On another side of his statement, the director of the Proizhakan international crossing explained that the transatlantic trucks will start from next week crossing from this border port to the Kurdistan region of Iraq and said that the preparations for this matter have been taken. "
The development of the Proizkhan border crossing is an important step in the development of relations and economic exchanges between the Islamic Republic of Iran and the Kurdistan region of Iraq, he said.
The Proizkhan crossing is one of the border crossings in Sulaymaniyah to exchange goods between the Islamic Republic of Iran and the Kurdistan region of Iraq.

Iran begins fire suppression operations in Iraq

Date of release: 2018/7/20 11:46 • 233 times read
(Reuters) - Iranian helicopters began spraying water to quell the escalating fire from Hor al-Azim border on the other side of the border on Iraqi soil, the director-general of the Environment Department of the southwestern province of Khuzestan, Ahmad Lahijanzadeh, said Friday.
Lahijganzadeh said in a press statement that Iranian helicopters began to spray water on the fires of Hor al-Azim al-Azim from 10 am today after coordination with the local authorities in the Iraqi province of Maysan and obtaining permits.
Lahijanzadeh expressed his hope that the fire extinguishing process will be successful as the first such fire extinguishing operation by helicopters to spray water on the marshes as well as the possibility of expanding the fire area in the Iraqi section of the Euphrates to 150,000 hectares.
The Director-General of the Environment Department in Khuzestan province also called for coordination to extinguish the fire, which until yesterday, 16 thousand hectares of the Iraqi side of the great mountain, pointing to the presence of Iraqi coordination delegation on the other side of the border.
It is noteworthy that Hor al-Azim is located between Iran and Iraq and extends one-third of its area in southwest Iran in Khuzestan province and two-thirds of its territory inside Iraqi territory.d

HCHR: 211 protesters killed, injured, 540 arrested during protests

July 20 2018 11:
High Commission for Human Rights (HCHR) announced on Thursday evening that 211 protesters have either been killed or injured and 540 others arrested nationwide after mass protests against deteriorating services in the country.
In its report, HCHR said that the security forces resorted to violence to break up the protests, using excessive force to achieve this end.
Ali al-Shemari, HCHR chief, said in a statement that the ongoing protests in the southern provinces are a natural result of the plummeting quality of services and the state's inability to provide jobs for the people over the past 15 years.
"People have lost hope to see that the government may make good on its promises one day, despite allocating massive budgets for such projects and plant," the official said.
He indicated the sense of pride of the people prompted them to take to the streets to demand their rights and call for accelerating reforms.
It came as protests had broken out in Basra over deteriorating services, lawlessness, and corruption. The protests spilled over into other provinces in the south, with the Iraqis demanding the fall of the Green Zone government.
d

UN Outlines Activities under Iraq Recovery and Resilience Programme  

BAGHDAD (UNAMI) — A meeting of the United Nations Country Team and development partners convened today to present activities under the Iraq Recovery and Resilience Programme (RRP), a bridging strategy to transition UN work from an intense focus on humanitarian and immediate stabilization activities to one more oriented towards recovery, reconstruction and development.
The Deputy Special Representative of the Secretary-General (DSRSG) for Iraq, Marta Ruedas, briefed on the ongoing and planned efforts of the UN system in the Framework of the RRP. Ms. Ruedas highlighted that “the RRP activities are designed to fast-track the social dimensions of stabilization and will help ensure that people see tangible improvements in their daily lives at the start of the reconstruction process, rather than waiting years to benefit from structural reforms.”
The United Nations is hoping to mobilise USD $943 million for the implementation of the 61 RRP projects, said DSRSG Ruedas, who also serves as the UN Resident Coordinator, Humanitarian Coordinator and Resident Representative of the United Nations Development Programme (UNDP) in Iraq.
The Projects presented under the RRP place special attention on helping the people who have suffered the most, restoring confidence in the Government, revitalizing the areas at the highest risk of violence and advancing broad political participation and inclusive social cohesion.
RRP projects build on the work that has been done by humanitarian partners to support displaced and host families during the conflict and also on the efforts made by the Government and UNDP to stabilize the cities and districts newly liberated from the Islamic State of Iraq and the Levant (ISIL).
UN Secretary-General António Guterres launched the two-year RRP at the Kuwait International Conference for the Reconstruction of Iraq in February. The RRP is aligned with the Government’s priorities and its Recovery and Development Framework.d
Kubic to the chest: to expedite the end of the process of manual sorting and go to form a government
19-07-2018 03:23 PM
The UN Special Representative to Iraq, Jan Kubic, called on Thursday to end the process of counting and sorting and go to the formation of a new Iraqi government.
It is necessary to respond to the demands of the demonstrators by local and federal governments," Kubic said in a press conference held today after meeting with the leader of the Sadrist movement Moqtada al-Sadr,
Calling for the need to 'expedite the resolution of the process of counting and sorting so that the winning blocs in the legislative elections that were held recently to form a government to consider the demands of the people'
On the other hand, Sadr's office said in a statement that 'the latter stressed the need to meet the legitimate demands of citizens in the provision of services and urged the United Nations to intensify its efforts to support Iraq and stability'
The statement added that 'the issue of forming a government has been discussed to accelerate the provision of necessary services to citizens and ensure a free and decent life for them in all their different backgrounds and affiliations'.

World Health: Lack of funding threatens to close health facilities serving one million Iraqis

Editorial Date: 2018/7/19 18:11 • 113 times read
The lack of funding threatens to shut down basic health facilities serving nearly one million Iraqi citizens, the World Health Organization (WHO) said on Thursday.
"Lack of funding threatens to shut down basic health facilities in Iraq, leaving about one million people without access to essential medicines and health care," the UN agency said in a statement.
"Support for health services in Iraq has declined significantly since the end of the Mosul campaign for more than a year. Four health partners closed 22 health service centers in 2018 due to lack of funds, leaving major gaps in the provision of health care for children, Displaced persons who have returned to areas with a devastating infrastructure. "
"38 per cent of the total health facilities supported by nine partners in the Health Cluster face the risk of closure by the end of July, which will increase the risk of infectious disease outbreaks and decrease recovery efforts in areas devastated by the conflict," she said.
"These facilities now provide health services to more than 900,000 displaced Iraqis living in host communities. These services include the treatment of common diseases, gynecological services, child vaccines, nutrition screening and referral of complex medical conditions for advanced treatments."
So far only US $ 8.4 million has been collected - 12.5% ​​of the US $ 67.4 million needed by health partners to implement the 2018 humanitarian response plan - and health partners now need US $ 54 million urgently for the Humanitarian Response Plan 2018 To ensure the continuity of health services in the provinces that have recently become accessible
Kauaihn Economic Times:
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GLOBAL/NEWS/INFO
Today in History
My San Antonio
Today in History Today is Thursday, July 19, the 200th day of 2018. There are 165 days left in the year. Today's Highlight in History: On July 19, 1980, the Moscow Summer Olympics began, minus dozens of nations that were boycotting the games because of the Soviet military intervention in Afghanistan. Read the full story

McDonald’s Is Serving Most Of Its Sandwiches At US$1 For The Rest Of Summer
DesignTAXI
McDonald’s Is Serving Most Of Its Sandwiches At US$1 For The Rest Of Summer Read the full story

4 tips on how to be financially confident, no matter your age
Fox News
No matter how old or young you are, follow these four tips to boost your financial confidence. Read the full story

Millennials want to retire by 61, but most have nothing saved
CNBC
A recent Bankrate.com survey asked millennials, classified as Americans ages 18 to 37, what the perfect time to retire would be. Their answer: 61 years old. But roughly two-thirds have nothing saved so far. Read the full story

The salary you need to afford rent in every state, ranked
Business Insider
You need a six-figure salary to keep rent costs below 30% of your income in California. Renters have their work - or wallets - cut out for them. GoBankingRates recently revealed the salary renters need to afford rent for a single-family home in every US state. In some states, renters need to earn as much as $100,000. Only four states have a median rent less than $1,000. Being a renter these days isn't fun. Renters spent a record amount of money on housing in 2017, and in some cities, they're Read the full story

Self-made millionaire Barbara Corcoran asks herself one question before buying anything
CNBC
Anyone can follow her rule for spending. Read the full story

The simple trick I used to save $4,400 in a year for my emergency fund
CNBC
Only 39 percent of Americans say they have enough saved up to cover a $1,000 emergency. Read the full story

IMF Warns On Trade, Lowers Outlook For Key Economies
Investing.com
Economy Jul 18, 2018 11:40 GMT Investing.com - An escalation of trade tensions between the U.S. and other major countries is the biggest threat to the global economy, according to the International Monetary Fund’s latest economic forecast. The IMF’s World Economic Outlook report said additional tariffs by the U.S., China and others could knock half of one percent off of global growth. Despite that warning, the IMF did not change its forecast for global growth for 2018. It still expects the Read the full story



OIL/COMMODITIES/ENERGY
Goldman Sachs: Cash and Commodities Are King
TheStreet
Commodities have seen the best returns on investment this year, while cash mitigates risk from market volatility, analyst says. Bonds are out. Commodities and cash are in. Portfolio strategists at Goldman Sachs identified commodities as an asset that could continue its strong returns into the second half of 2018. Meanwhile, cash could be an investor's best bet to insulate themselves from the return of market volatility, according to a research note from Goldman analyst Christian Read the full story

Gold on the verge of first tumble into correction territory in nearly 2 years
MarketWatch
Gold prices on Wednesday are on track for a fourth straight decline, matching their longest such streak in 2018 and putting the yellow metal on the verge of finishing in correction territory for the first time since the end of 2016. Read the full story

Gold Remains Near One-Year Low
Investing.com
© Reuters. Gold was lower on Wednesday. Read the full story

Gold tumbles, poised for lowest close in more than year as dollar, rates rise
MarketWatch
Gold prices on Thursday extended a recent slump that is pushing toward its lowest close in more than a year, in an atmosphere of rising benchmark rates for U.S. government debt and the continuation of a rally in dollars. Read the full story

Copper, Gold Prices Hit 1-Year Lows amid Metals Selloff
Investing.com
© Reuters. Copper, gold prices hit 1-year lows amid metals selloff Read the full story

Commodities - WTI Oil Futures Maintain Losses After Inventory Data
Investing.com
© Reuters. U.S. crude oil inventories rise 5.836 million vs. forecast for 3.6 million draw Read the full story

U.S. Oil Shock: Production Hits 11 Million; Inventories Jump Unexpectedly
Investor's Business Daily
U.S. weekly oil production hit a record high last week, according the Energy Department Wednesday, and domestic crude stockpiles unexpectedly rose. Read the full story

BANKS/BANKING/CREDIT 
Exclusive: Wells Fargo automated high-net-worth wealth management as advisors faced sales pressure
Yahoo Finance
In Wells Fargo's Wealth and Investment Management division, the intense pressure for sales is alive and well. Read the full story

Wells Fargo's asset management chief sees a stock-picking rebirth
CNBC
Wells Fargo Asset Management Kristi Mitchem says active managers may see a resurgence as the early signs of market risk start to show. Read the full story
Big banks like Deutsche choose IBM to run their blockchain for 3 reasons, IBM executive says
CNBC
Jim Cramer sits down with Martin Schroeter, senior vice president of IBM global markets, who says IBM is a leading choice for blockchain implementation among international companies. Read the full story

Hong Kong’s SFC fines HSBC arm US$1.2 million for misconduct in bond sales
South China Morning Post
HSBC Broking Securities has failed to conduct sufficient due diligence on bond products before recommending to customers in 2015 and 2016 Read the full story

With Blankfein's exit, Goldman Sachs loses major DC influence
New York Post
I’d like to wish Goldman Sachs’ Lloyd Blankfein a happy retirement. God and I both appreciate — and understand — what he really did. If you didn’t catch the sarcasm in that last line, you need a refresher course on Goldman. And you need a reminder about some of the columns I’ve done on the firm, which was, and still is, so well connected politically that Washington likely has to ask its permission to do anything. Blankfein, who announced the other day that he will be retiring as chief executive Read the full story

Why Banks And FinTech Need Each Other... And For How Long
Forbes Magazine
According to Sebastian Siemiatkowski, CEO of Klarna, banks need to be customer centric, not just talk about it. But in practice, we see little change in the banks’ approach. That’s why we often hear about developing alliances between banks and FinTech platforms. Will friends become enemies? Read the full story

One of the world's major financial centers is about to shake up its banking sector
CNBC
Hong Kong is getting ready for the arrival of virtual banks, for which all transactions will be online. Read the full story

When Paying an Annual Credit Card Fee Makes Sense
lifehacker
Credit card perks are great, but sometimes choices can be overwhelming. There are travel cards from major banks competing with airline-branded cards competing with hotel cards, all with different fees and point systems. How do you choose? Read the full story

How do I get out of $50,000 in credit card debt: personal loan or repayment plan?
USA TODAY
I’m 64. My credit score is about 656. Because of different reasons over a long period of time — including unemployment and health issues — I accumulated credit card debt of about $50,000. Read the full story

Americans are paying more and more in credit-card interest
New York Post
All those interest payments add up. Americans paid banks some $104 billion in credit-card interest and fees in the last year, up 11 percent on the year and 35 percent over the last five years, according to the personal-finance website MagnifyMoney, which analyzed data from the Federal Deposit Insurance Corporation (FDIC) through March 2018. The bad news: That number will likely only rise this year. The Federal Reserve has forecast four interest rate hikes (one every three months) in 2018. The Read the full story

Online Retail Hackers Account for 90% of Login Attempts
Mac Observer
Online retail hackers account for 90% of all login attempts. According to a report by cybersecurity firm Shape Security, hackers use special software with stolen data to login multiple times, called credential stuffing. These attacks are successful as often as 3% of the time, and the costs quickly add up for businesses, Shape says. This type... Read the full story


TREASURIES/BONDS/STOCKS
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

Day Ahead: Top 3 Things to Watch
Investing.com
Stock Markets Jul 18, 2018 20:44 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Smaller Banks Weigh in With Earnings Financial stocks had a strong performance Wednesday and earnings in the sector will again dominate trading talk ahead of the bell Thursday. The big-name banks have largely topped expectations and now investors will get a chance to drill down into the numbers for the smaller institutions. Bank of New York Mellon (NYSE:BK) stock climbed Read the full story

Gold's demise may be golden for US stocks
Fox Business
Gold is hammered and that may be a bullish signal for stocks. Read the full story

The End is Near For the Economic Boom
FORTUNE
THE OPTIMISM IS BEAMING like the summer sun. America’s big-company CEOs are bursting with confidence, in June expecting to take in even more revenue and make bigger investments than they foresaw in March, when they were more confident than ever before in the 15 years the Business Roundtable has been surveying them. CFOs are just as ebullient. Their perception of the North American economy was recently the highest in the eight years Deloitte had been asking about it. Leaders of small businesses Read the full story

Warning signs rise for stock market's record-setting run
ABC News
The stock market has been rising since 2009, and it's close to cementing its status as the longest-running bull market on record Read the full story

Morgan Stanley: Strong Earnings Won't Power Up Stock Market
Investing.com
Stock Markets Jul 19, 2018 09:02 GMT Investing.com - Some of the nations best-known tech companies will be hit if the U.S. and China impose another round of tit-for-tat tariffs. Analysts say semiconductor firms like Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) are vulnerable because they often send their computer chips to China for assembly, testing and packaging. That makes them subject to U.S. tariffs on chips when they re-enter the country. Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOGL) and Read the full story

US Treasury yields higher ahead of jobless figures
CNBC
U.S. government debt prices were lower on Thursday morning as traders awaited fresh data. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin Price Hovers Above $7K as Market Adds $20 Billion in Half Hour
Inverse
Battered but unbroken, bitcoin prices have begun to resurge this summer though they remain well below their all time highs. Here are a few of the factors that help explain why the market added $20 billion in market value in just 30 minutes during a short frantic window of early week trading. Read the full story
Digital Currency Group's Silbert buys more bitcoin, says it has 'hit the bottom for the year'
CNBC
Digital Currency Group's Barry Silbert is a big proponent of cryptocurrencies as an asset class. Read the full story
HSBC's Global Head Of Digital Says The Bank Is "Cautiously Looking" At Crypto Use Cases
Forbes Magazine
Forbes sat down with HSBC's digital chief, Josh Bottomley, for his take on the bitcoin boom and where banks fit in. Read the full story
Bitcoin has risen again – but is it time to buy or sell? We ask an expert
ShortList
“You could see Bitcoin becoming the new currency of the world" Read the full story
A staunch bitcoin bear says this recent surge might have legs
CNBC
Bitcoin is showing signs of life after falling for months. A longtime bitcoin bear, Boris Schlossberg of BK Asset Management, says this recent surge might have legs. Read the full story
Coinbase says it never needed SEC approval to list security tokens
TN
Earlier this week, leading cryptocurrency exchange desk Coinbase announced it had gotten a stamp of approval from the US Securities and Exchange Commission (SEC) to close a trio of acquisitions that could allow the company to trade security tokens. But the exchange is now walking back its statements. Coinbase spokeswoman Rachael Horowitz has come forward to... Read the full story

Steve Bannon says he owns bitcoin and is working on his own cryptocurrency
CNBC
His comments came from the Delivering Alpha conference in New York. Read the full story


CURRENCIES
Forex - Dollar Flat on Weak U.S. Housing Data
Investing.com
© Reuters. Dollar was unchanged against its rivals on Wednesday Read the full story

Dollar adds to gains ahead of Beige Book, Day No. 2 of Powell testimony
MarketWatch
A popular U.S. dollar index extends its gains on Wednesday, reflecting a broad advance in the buck against its major rivals. Read the full story

Forex - Dollar near 1-Year Highs on Fed Rate Hike Bets
Investing.com
© Reuters. Dollar near 1-year highs on Fed rate hike bets Read the full story

Dollar gains, metals wane as China grabs for monetary easing
Reuters
The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fueled stimulus again and trade jitters helped drive its currency to a one-year low. Read the full story

The pound will relive the record-breaking horrors of Brexit night if Britain leaves the EU without a deal
Business Insider
Traders from BGC, a global brokerage company in London's Canary Wharf financial centre react as European stock markets open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum. The British pound could fall as much as 8% the day after a no deal Brexit is announced, analysts say. Such a fall would mimic the drop in the pound on the day after Britain voted to leave the EU. "I would anticipate at least a reaction to the extent we saw after the referendum," Read the full story
Royal Mint to release special £5 coin on Prince George's fifth birthday
Page Six
The sterling silver coin will be released on July 22, the same day as the young royal's birthday. Read the full story

How the US dollar could turn emerging market fortunes around if the Chinese yuan maintains its value
South China Morning Post
Nicholas Spiro says a stabilising US dollar and the sell-off in emerging market stocks last quarter means developing economies could be attractive once again Read the full story

China's currency hits its lowest level in more than a year
Business Insider
The Chinese yuan fell to its lowest level versus the greenback in more than a year Wednesday. The depreciation comes amid a dollar rally and trade tensions between the US and China. Follow the Chinese yuan in real time here. China's currency fell Wednesday to its lowest level against the dollar in more than a year amid a dollar rally and an escalating trade fight with the US. The yuan shed as much as 0.3% to 6.7244 versus the greenback, which has been holding close to one-year highs on the US Read the full story

The Chinese yuan's slide is concerning but not systemic
Business Insider
Monetary signs are seen at a currency exchange in Hong Kong Thomson Reuters The yuan has plunged 5% versus the dollar over the past three weeks. This has drawn comparisons to 2015 when China let its currency fall sharply, roiling global markets. But markets seem more comfortable with yuan depreciation this time around. Amid fears of escalating trade tensions, the yuan's sharp depreciation against the dollar last month has spooked some investors who see similarities with China's currency Read the full story

The Chinese yuan's sell-off is accelerating and there's no sign of Beijing stepping in
Business Insider
The Chinese yuan fell to its lowest level versus the dollar in over a year. The Chinese yuan fell to 6.7437 per dollar on Thursday, its weakest level in a year. Hannah Anderson, Global Market Strategist at JP Morgan Asset Management, says the weakness on Thursday appears to reflect a shift in policy from the People's Bank of China. China's State Administration of Foreign Exchange says it needs to assess the impact of trade tensions with the US. The Chinese yuan is continuing to unravel, falling Read the full story



INSURANCE / HEALTH / SCIENCE
Omega-3 supplements are essentially useless for preventing diseases, according to a new study
Business Insider
Baoyan zeng / Shutterstock A new Cochrane review has found omega-3 supplement pills probably don't do that much for our health. Out of over 112,000 people, 8.8% died while taking fish oil pills, compared to 9% of those who didn't take any. This is not a significant difference. For some reason, we have been looking at omega-3 as a magical pill for health and intelligence for a long time. But it's becoming increasingly clear this is not the case. There's a growing body of evidence to suggest most Read the full story

Study links smartphone use to ADHD symptoms in teens
CBS News
New research warns there may be a connection between teens’ frequent smartphone use and behavioral problems. CBS Los Angeles reporter Suzanne Marques has details. Read the full story

If you take Lipitor should you stop eating grapefruit?
Fox News
Fox News medical correspondent Dr. Marc Siegel on concerns about grapefruit consumption for those that use cholesterol-lowering drugs such as Lipitor. Read the full story

Pre-existing conditions: The age group most vulnerable if coverage goes away
Salon
As the ACA gets dismantled, those in their 50s and 60s, who are not eligible yet for Medicare, face a crisis Read the full story

Eating dinner earlier could lower your risk of cancer, study says
New York Post
You already know a number of things that can reduce your chances of getting various types of cancer. Avoiding tobacco products is a biggie, as is taking care of your skin when it’s in the sun, but have you ever considered your choice of dinner time as a contributing factor to your risk of cancer? Probably not, but new research suggests that you might want to consider it. A new study published in the International Journal of Cancer draws some very interesting links between the time of the evening Read the full story




USA/CANADA

President Trump hits back at critics after Russia backlash
MSNBC
President Trump took to Twitter this morning to hit back at the people criticizing him for “misspeaking” at his joint press conference with Russian president Vladimir Putin. Ali Velshi is joined by NBC’s Hans Nichols and Vanity Fair Special Correspondent Read more Read the full story

President Trump says Russia not still targeting US
MSNBC
During a cabinet meeting, President Trump insisted that Russia is no longer targeting the U.S. elections and claimed that no one has been tougher on the country. His comments come after his controversial press conference with Russian President Vladimir... Read more Read the full story
D.C. Elites Shocked at Trump's Treatment of Putin but Give Israel’s Netanyahu a Pass
Truthdig
While Vladimir Putin’s behavior has been objectionable, there is something profoundly hypocritical about the American elite pretending that the U.S. doesn’t embrace people like the Russian leader all the time. Read the full story

Asked if Russia is still targeting US, Trump says 'no,' contradicting election warnings from intelligence chief
ABC News
Asked if Russia is still targeting US, Trump says 'no,' contradicting election warnings from intelligence chief Read the full story

U.S. Housing Starts Fall in June
Investing.com
Economic Indicators Jul 18, 2018 12:31 GMT Investing.com - U.S. homebuilding fell in June, according to data released on Wednesday. Housing starts decreased 12.3% to a seasonally adjusted annual rate of 1.173 million units last month, the Commerce Department said. Economists had forecast housing starts declining to a pace of 1.320 million units last month. Building permits fell 2.2% to a rate of 1.273 million units in June. Economists had forecast building permits increasing to a pace of 1.330 Read the full story

Texas set to surpass Iran and Iraq to become world's third-largest oil producer
Axios
An oil well in the Permian Basin. Texas could pass both Iran and Iraq next year in oil production as drilling costs fall and production explodes out of West Texas' Permian Basin, CNN reports. The big picture: By next year, Texas' oil production is set to jump to 5.6 million barrels a day, up from 2.5 million a day in 2014. If Texas were a country, it would become the third-largest oil producer in the world — behind Saudi Arabia and Russia. Iraq is producing 4.8 million barrels a day, while Iran Read the full story



EMERGING MARKETS
Here’s one more factor that could add to emerging-market headwinds
MarketWatch
Emerging markets have been struggling with rising global interest rates and stronger dollar, among other bearish factors, in 2018. But you can also add ‘hot money’ inflows to the list, as investments that could reverse quickly in times of trouble, bringing even more downside risk to emerging-market assets, according to economists at the Institute of International Finance. Read the full story

Mexico president-elect gives "blank check" for peace
ABC News
Mexico's future interior secretary says President-elect Andres Manuel Lopez Obrador has given her "a blank check" to seek ways to pacify the violence-wracked country Read the full story

How Trump’s tariffs on Mexico are affecting American workers
The Washington Post
“We’re fighting against our own country,” one Missouri worker said. Read the full story
Trump says U.S. may pursue separate trade deal with Mexico
Reuters
President Donald Trump said on Wednesday the United States may hammer out a separate trade deal with Mexico, continuing to sow doubts about the future of the North American Free Trade Agreement that he has frequently criticized, and then do a deal with Canada later. Read the full story
Venezuelan engineers turn plastic trash into car parts amid crisis
Reuters
Two young engineers have found an opportunity amid a collapsing economy in Venezuela - inside a garbage dump full of broken electronic hardware. Read the full story

Puerto Rico’s Bankrupt Government Would Lose Billions More By Joining The US As A State
The Daily Caller
Puerto Rico’s finances are so strained and the economy is so poor that accepting the commonwealth as the 51st state in the Union "is not feasible." Read the full story

Oaktree's Marks bullish on emerging market stocks, real estate debt
Reuters
Emerging market equities and real-estate debt remain attractive at a time when most of the year's gains in the S&P 500 have already been realized, billionaire investor Howard Marks said on Wednesday at the CNBC Institutional Investor Delivering Alpha conference in New York. Read the full story


MIDDLE EAST
Iraq struggles with economic, energy crises as protests spread
Aljazeera
Police and medical sources say at least 11 people have now died in protests in southern Iraq against the poor state of public services. The unrest began in Basra last week and has spread to several other large cities. One of the main reasons for the anger is the frequent power blackouts that are severely worsening living conditions. Some in Iraq are hoping that Iran can supply them with electricity via Iran's national grid, prompting Saudi Arabia to offer aid. The government in Baghdad is racing Read the full story

More turmoil in Iraq as deadly protests ravage oil-rich south
CNBC
The unrest threatens to delay formation of a new government and has already led to break-ins to oil facilities and political offices. Read the full story

Explosions heard in Iraqi city of Kirkuk
Reuters
Several explosions were heard in the northern Iraqi oil city of Kirkuk on Wednesday, witnesses said. Read the full story

Mosul is still under rubble and a new power vacuum is emerging
TRT World
Mosul is still under rubble and a new power vacuum is emerging Read the full story
Why Netanyahu is cozying up to Europe's renegades
CNN
As he butts heads with Western European countries over the Iran nuclear deal and Israeli settlements, Benjamin Netanyahu has found a new set of European allies. Read the full story

Why Israel just passed a law that Arab leaders say creates “an apartheid state”
VICE
“I announce with shock and sorrow the death of democracy.” Read the full story

Netanyahu claims he got Trump to back out of Iran nuke deal
New York Post
Israeli Prime Minister Benjamin Netanyahu bragged that he convinced President Donald Trump to pull out of the Iran nuclear deal, according to reports. “We convinced the US president [to exit the deal] and I had to stand up against the whole world and come out against this agreement. And we didn’t give up,” Netanyahu boasted in a clip aired on Israeli TV Tuesday and translated by The Times of Israel. The deal — brokered by Trump’s predecessor, President Barack Obama — eased economic sanctions in Read the full story

Israel's Netanyahu Says on Video He Was Behind Trump's Decision to Leave Iran Deal
Newsweek
While the relationship between Trump and Putin is discussed, Netanyahu managed to drag the U.S. away from Russia and "the whole world." Read the full story

Iran Announces New Nuclear Centrifuge Factory As Tensions Persist With Washington
Newsweek
"Instead of building this factory in the next seven or eight years, we built it during the negotiations but did not start it," Iran's atomic chief said. ead the full story

AFRICA
How Former Boss 'Conned' Kenya Power Out of Millions
AllAfrica
How Former Boss 'Conned' Kenya Power Out of Millions A Jersey court has revealed details of how former Kenya Power managing director, Samuel Gichuru and former cabinet minister Chris Okemo allegedly hid the loot from ghost power projects, detailing a complex web of foreign companies which allegedly openl Kenya:How Ex-Kenya Power Boss Gichuru Allegedly 'Escaped' With Millions Kenya:Court Releases Kenya Power Managers Kenya:Kenya Power Denies Cutting Off Power to Milimani Courts As Its Managers Read the full story
Mozambique: Council of Ministers Proposals Unconstitutional - Parliament Commission
AllAfrica
Parliament will debate and approve changes to the municipal election law tomorrow and Thursday (18,19 July) but parts of the proposal by the Council of Ministers (CM) will be rejected. An unusually critical assessment by the 1st Commission of parliament, the Constitutional, Human Rights and Legality Commission (Assuntos Constitucionais, Direitos Humanos e de Legalidade) called some proposals unconstitutional. The 161 page paper was agreed by all parties - Frelimo, Renamo and MDM. The late Renamo Read the full story
Probe Into Disbursement of Nigeria's Recovered Loot
AllAfrica
Probe Into Disbursement of Nigeria's Recovered Loot The Speaker of the House of Representatives, Yakubu Dogara, has disclosed that the total value of recovered funds and assets by the government since 1999 is estimated at U.S.$2 trillion dollars. Dogara said that parliament has mandated its financial cr Nigeria:AGF, EFCC, Boycott House Sitting On Probe of Recovered Loot Nigeria:Reps Summon AGF, Others Over Looted Funds Nigeria:'Govt Recovers U.S.$2 Trillion Assets in 18 Years' Nigeria:Steel - Read the full story
Ugandans Will Now Pay Less For Mobile Money
AllAfrica
Ugandans Will Now Pay Less For Mobile Money Uganda's Cabinet has agreed to cut taxes for withdrawals on mobile money transactions. The mobile money and social media taxes came in to effect on July 1, causing an outcry among users. Uganda:Govt Drops Some Mobile Money Transaction Taxes Uganda:Government Collects U.S.$3 Million From Social Media Tax Uganda:3 Journalists Covering Mobile Money Tax Protests Arrested Read the full story
Why Obama Visit to Tanzania Was Kept a Secret
AllAfrica
Why Obama Visit to Tanzania Was Kept a Secret Former U.S. President Barack Obama and his family arrived in the country on July 8, but refused media coverage on their stay, citing privacy and security reasons, the Daily News reported. Tanzania:Why Obama Visit to Tanzania Kept a Secret Tanzania:Serengeti Thrills Obama Family Read the full story



ASIA
Europe looks to Asia after attacks from Trump
Axios
Angela Merkel during a meeting in Berlin with China's prime minister. Faced with an onslaught from President Trump, EU leaders made a conscious effort this week to find common cause with friends new and old in another part of the world —Asia. Between the lines: As Trump openly questions the continued value of NATO, calls the EU a “foe,” and ingratiates himself with a Vladimir Putin — whose government has worked diligently to stoke divisions and support Euroskeptic parties throughout the Read the full story

Japan exports to U.S. fall, business mood sours amid fears of trade war
Reuters
Japan's exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump's protectionist trade policies. Read the full story

Japan records trade surplus in June despite US tariffs
ABC News
Japan has recorded a trade surplus in June, including with the U.S., despite tariffs put in place by President Donald Trump Read the full story

The E.U. Looks to China to Shield Itself From the Fallout of Trump’s Trade War
TIME
European Council President Donald Tusk (R) and European Commission President Jean-Claude Juncker (L), alongside Japanese Prime Minister Shinzo Abe, shake hands at Abe's office in Tokyo on July 17, 2018, after they signed a free trade deal with Japan. When asked by CBS News on July 15 to name America’s greatest foe, the first name past the lips of President Trump was the European Union, given “what they do to us in trade,” followed by Russia and then China. By launching steep tariffs on a swath Read the full story



EUROPE
'Brexit continues to mean Brexit': May presses on with her plan
Business Insider
Britain's Prime Minister Theresa May leaves 10 Downing Street in Westminster, London Thomson Reuters By Elizabeth Piper and William James LONDON (Reuters) - Prime Minister Theresa May said on Wednesday her government has begun negotiations with the European Union based on her hard-won Brexit plan, pressing on with a proposal roundly criticized by both wings of her Conservative Party. After narrowly escaping defeat in parliament earlier this week over her proposal for leaving the EU, May signaled Read the full story

EU commissioner on $5 billion antitrust fine: Google has to 'stop this behavior'
CNBC
EU Competition Commissioner Margrethe Vestager has emerged in recent years as one of the harshest critics of big tech. Read the full story

Boris Johnson accuses PM May of 'dithering' on Brexit in resignation speech
CBC News
Boris Johnson, in his formal resignation speech to the British House of Commons, urged the Conservatives on Wednesday to abandon the "miserable permanent limbo of Chequers," referring to the nickname of the Theresa May plan to address Brexit concerns within her own party and the European Union. Read the full story

The EU is already preparing for trade talks with Trump to fail — and is readying a major retaliation
Business Insider
US President Donald Trump and European Commission President Jean Claude Juncker. The EU is set for crunch talks with the Trump administration over possible tariffs on automobiles made in Europe. Officials are preparing for the worst and readying a list of retaliatory tariffs should they fail to reach an agreement with Trump. "If the US would impose these car tariffs that would be very unfortunate but we are preparing together with our member states a list of rebalancing measures as well," the Read the full story

Russia is dumping US debt and buying gold instead
Business Insider
US President Donald Trump (L) chats with Russia's President Vladimir Putin as they attend the APEC Economic Leaders' Meeting, part of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in the central Vietnamese city of Danang on November 11, 2017. Russian ownership of US Treasury bonds has dropped from $96.1 billion in March to an 11-year low of $14.9 billion, latest figures show. The US Treasury released a list of the top 33 national investors in its bonds on Tuesday. Russia, once in Read the full story
d
CBI, ISX, Kauaihn Chatter:




CBI Update:
CBI closed on Friday and Saturday
ISX Closed on Friday and Saturday
Kauaihn Chatter:
http://www.dinarguru.com/




7-19-2018  Newshound Guru Kaperoni   ...great articles this week including the one from Alaq confirming CBI compliance...My favorite article of the week ...is titled.. "Movement of capitalconfirming the desire to bring large sums of money into Iraq from outside investors.

7-19-2018  Newshound Guru Adam Montana
   [As Oil Prices are going down thru $68.00 could this inspire Iraq to RV and make profits on the RV?]   $68 is still higher than the $50 they were at, and that price is well within what Iraq needs to be well oiled and smooth running.  Mid $70 ppb prices do not bother me at all!    : )
7-19-2018   Newshound/Intel Guru tman23   I do recall the words of the famous dinar world DR. SHABIBI...The man said lifting the 3 zeros can not take place in the middle of the year or the middle of a quarter, IT MUST TAKE PLACE AT THE START OF THE NEW YEAR...Not my opinion, not my words, but the words of Shabibi... I think you will see the new notes come OCTOBER.... and 2019 they will lift the 3 zeros... Iraq is in no hurry for anything …. IN CASE YOU HAVE NOT NOTICED!!...they will come out with new lower denoms which have to have a value greater then 1/10th of a penny otherwise they are useless and worthless... The new currency might float ALONG WITH THE OLD CURRENCY... BUT NEVER EVER NEVER WILL THE OLD CURRENCY FLOAT WITH 3 ZEROS INCLUDED IN THE NOMINAL VALUE...

7-19-2018  Newshound Guru Adam Montana   [Do you think the current riots in southern Iraq will affect the timing of an RV?]   Another day, another riot... I don't think it's significant in the big picture. Concerning, at least in a humanitarian sense? Of course. But revaluing a world currency is an event of incredible magnitude that makes those riots look like a small brush fire with no chance of doing more than taking out an old barn.

7-19-2018   Newshound/Intel Guru Mnt Goat
   Article:  "UNITED NATIONS TO PLACE IRAQ, INCLUDING THE KURDISTAN REGION UNDER THE TUTELAGE OF THE UNITED NATIONS"  Quote:  "The Movement for Change, on Tuesday, called on the United Nations to place Iraq, including the Kurdistan region under the tutelage of the United Nations and put an end to the ruling political class in Iraq."   ...this is like a permanent trusteeship, which Iraq is now under but as adviser, it expires at the end of 2018. In other words the citizens want help in cleaning out the monarchy of corrupt leaders. This is NOT a step backwards but would definitely be a movement of progress...we all know they have to move out these corruption officials and get to a more technocratic government...

7-19-2018  Newshound Guru Adam Montana   [Did Iraq have a reverse LOP/Neutral event, Way back when they printed new currency for Iraq, added zeros to the currency, and moved the decimal point over a few digits on the value.  Their money is not worthless. When they exchanged their money in, say 1 dinar, they got back a lot more dinar notes with more zeros but with less value. Sounds like the opposite of a LOP to me. Please don't throw me in the LOBSTER TANK.]   I wouldn't call that a lop - it was a devaluation. Their currency, and their "stock" in the world, simply lost value. A revalue upwards will simply recapture that value.  Not all of it. But a significant amount. And that's why we are here.
7-18-2018 Newshound Guru Kaperoni A very interesting point was made today...as banks are posting articles stating that despite the interruption and internet service all ATMs are functioning and dispensing cash... The ATMs in Iraq are up and running dispensing 3 zero notes as needed... ...There is no RV or RI. It is my full expectation that the dinar will float and gradually appreciate over time providing the tool that the CBI needs to counter inflationary pressure as substantial investment and investors come in to participate in the rebuilding of Iraq. This is not an overnight event. When will that occur? Well there are conflicting opinions some say the government must be formed first others believe that it's too risky and that they should begin as soon as possible. We will just have to wait and see but I do believe it'll be this year.



Elmer:
Not in today
Artmeister:
Not in today

Catnip:
*************
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)

Prime Minister Dr. Haider Abadi: The government with the real demands of the demonstrators and we formed a crisis cell to meet them

Prime Minister Dr. Haider al-Abadi said that the government with the real demands of the demonstrators and that we formed a crisis cell to meet them, and we have taken many decisions on them.

This came during a meeting with the elders and dignitaries of the province of Dhi Qar and the local government to listen to the demands of the province in the presence of members of the crisis cell service and security, where he welcomed Dr. Abbadi delegation and thanked the people of Dhi Qar for the peaceful demonstrations, a high evidence of care and responsibility, noting that the government is keen to solve the problems and the task The crisis cell will be raising and overcoming obstacles to providing services and jobs.

"We have short-term projects to improve electricity, water, health, education and municipalities. There are also medium-term projects that need to be contracted and there are long-term and strategic projects.

Dr. Abbadi said that the government is listening to the demands of our people, our sons and our clans in Dhi Qar and responding to them, and if there is a mistake we retreat because the living body is the one who does the reaction, either the dead body has no reaction.

He added: "We will listen to every voice that wants to provide services and wants the interest of the country and therefore we have to cooperate together and there are 4 basic joints we work on them, water, electricity, health and schools as well as economic aspects.

Dr. Abadi listened to the demands of the province and directed the following:

1 - Launching the allocations to the degrees of movement of owners in the province of Dhi Qar and cost the Ministry of Finance to provide financial cover in different sectors and installed in the Ministry of Finance.

2 - Payment of the province's share of petrodollars.

3- The share of Dhi Qar Governorate shall be calculated from the electric power according to the population percentage of the governorate. The Ministry of Electricity shall work to equip the governorate with mobile power stations as soon as possible.

4- Costing the Ministry of Finance to allocate the necessary funds to complete Al-Nasr Bridge (Nasiriyah-Baghdad), Al-Fajr Road, Badir and Samawah-Nasiriyah International Road (Section 6).

5 - Work on the return of special security forces in Dhi Qar province and assign joint operations command to ensure the protection of the security of citizens and public and private property.

6 - immediate immediate completion of water reform and resolve the existing forms.

7. The Ministry of Industry and Minerals shall submit a detailed plan for the rehabilitation and operation of suspended factories for the purpose of remedying their deficiencies and solving the problems of the industrial city in Nasiriyah, providing thousands of opportunities for sustainable work.

8- Providing the necessary funding for the network sewer project in Nasiriyah and Shatrah and the water project of Nasiriyah No. (1) / Phase II as well as treatment plants.

9 - Launching appropriate funding for the health services to provide medicines and basic medical supplies and find a quick solution to complete the Turkish hospital and the hospital in Shatra.

10- The Governor of Dhi Qar shall call the crisis cell within 24 hours to communicate with the operations room of the service and security crisis cell headed by the Prime Minister and communicate with the dignitaries of the governorate to communicate the needs continuously.

11- Studying the postponement of repayment of farmers' loans for two years according to the specificity of the projects that have been damaged as a result of climatic conditions or circumstances related to the nature of the activity or exempting such loans from interest.

12 - resolve the problems on the draft Olympic stadium in Nasiriyah.

13. To ensure the water share of the Tigris and Euphrates rivers.

14 - Financing projects that have achieved high rates of completion of the construction of schools.

Prime Minister 's Media Office
19 July 2018

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ARTICLE 2-A

Abadi Kubc: continue to provide service requirements for all governorates
2018/7/19 21:48
[Ayna-Baghdad]
Confirmed Prime Minister Haider al-Abadi internationalist envoy to Iraq, Jan Koptc move the government in the provision of service requirements for all provinces.
A statement issued by his office received by all of Iraq [where] a copy of it today that "Abadi, received in his office today Koptc, was discussed during the meeting the general situation in the country and file services to citizens and restore stability and support internationalist Iraq in all fields."
He praised Kubiš according to the statement "the government's response to the demands of citizens and moves through the formation of serious crisis cell, directives and decisions, indicating the continuation of the United Nations to support Iraq in various fields."
The Abadi said that "listening to the demands of our people is very important and we are involved in the provision of service to all provincial requirements."
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ARTICLE 2-B

Tweet posted on PM Abadi's twitter account:
  1.  7-19-2018, around 2:30 pm Eastern
    رئيس مجلس الوزراء الدكتور حيدر العبادي يستقبل رئيس بعثة الامم المتحدة في العراق السيد يان كوبيتش PM Al-Abadi receives the UN SRSG and Head of UNAMI Ján Kubiš

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ARTICLE 3

Tweet posted on Government of Iraq twitter account:

 7-20-2018, around 4:45 am Eastern
Brigadier-General Yehia Rasool: “The right to peaceful protest is guaranteed by the Iraqi constitution, and the Commander-in-Chief @HaiderAlAbadi instructed the security forces to facilitate and protect peaceful protests”

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ARTICLE 4

Maasoum denies signing the retirement of deputies despite the official document
2018/7/19 15:52
[Ayna-Baghdad]
President of the Republic Fuad Masoum denied his signing of a presidential decree approving the granting of the pension to the 328 members of the former parliament.
A presidential statement, received by the agency all of Iraq [where] a copy of it on Thursday, that "social networking sites and media sites circulated on Wednesday news about the ratification of the President of the Republic, Dr. Fuad Masum on the Law of the House of Representatives and Formations No. [13] for the year 2018, To refer members of the Board for its third term to retirement ".
He added that "the Information Office in the Presidency of the Republic would like in this regard the following statement:
1. The above-mentioned Presidential Decree was issued in accordance with the provisions of Article [13 / I] of the Council's Law, which referred to:
"First, subject to Article 8 of this Law, a President, two Vice-Presidents and the members of the Council shall be appointed by presidential decree ...".
It was therefore incumbent upon the Presidency of the Republic to issue the decree in application of the provisions of the said law.
2. As regards the ratification of the Council's law, we wish to clarify the following:
On 5/3/2018 the House of Representatives voted for its third session on the draft law of the House of Representatives and its composition, which regulates the work of the members of the Council - the cases of the termination of the Procuratorate - the powers of the Council - the composition and the owners of the Council - the budget of the Council and sent the law to the Presidency for the purpose of ratification under the book of the General Secretariat of the House of Representatives 1/9/3087 on 14/3/2018.
"The law was presented to the attention of the president of the republic, who in turn referred it to the legal department for review and scrutiny. After studying the law, it was found that there were many constitutional and legal violations that were included in its provisions. Between rights and duties. As a result, the President of the Republic directed the law to be returned to the Chamber of Deputies with a view to removing those violations which were mentioned in a detailed reading to the Council under the letter of the Presidency of the Republic No. MG / 1/5/719 on 25/3/2018.
He pointed out that "the law was returned to the Presidency of the Republic for the second time to request ratification under the Book of the House of Representatives No. 1/9/5495 on 7/6/2018, stating in their communications that there are no constitutional or legal irregularities in addition to the Council claims that there is no constitutional provision that authorizes The President of the Republic to repeal the laws based on article [73 / III] of the Constitution as well as the decision of the Federal Supreme Court recently, "noting that" the President of the Republic to refrain from signing for the inclusion of constitutional violations, but the law was issued by the legal period and sent for publication accordingly.
The statement stressed that "the Presidency of the Republic has worked to address all legislation in which there are violations of constitutional or a deviation or a legislative defect, and has always challenged the legislation before the competent court, but this procedure is still limited and insufficient, and in order not to enact legislation that violate the Constitution and lead To harm the public money or prejudice to the rights and freedoms in general, the Presidency believes that its right to object to these legislation and prevent the issuance of and will take all the constitutional means to do so.

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ARTICLE 5

The seizure of a cache containing "Caliphate rockets" and improvised explosive devices and explosives in Falluja
2018/7/19 22:55
[Ayna-Baghdad]
The security forces managed to control the "Caliphate missiles" and 25 explosive devices and other explosives inside the pile of hardware in the district of Fallujah, Anbar province.
"The detachments of the Military Intelligence Directorate in the East Anbar Operations Command and with accurate intelligence information have been able to reach a pile of improvised explosive devices and ammunition," said Brigadier Yahya Rasool, a spokesman for the Center for Security Information.
He added, "I seized 25 explosive devices in the form of a plate, 13 60 mm mortars, five rockets, and four packages of shells, three plastic bottles, two gas containers, two bottles of plastic and two Katyusha rockets. And another Spg9, in the area of ​​Naimiyah Fallujah district in Anbar province. "
"The operation comes as part of the efforts of the Military Intelligence Directorate to reach weapons caches and ammunition that he left behind after his defeat," the statement said. "The bomb was detonated by the engineering detachment accompanying the force."

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