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Sovereign Man Notes From The Field By Simon Black
[Editor's Note: While Simon is currently southern Chile with the board of directors of our agricultural company, we'd like to remind you of these important steps for creating a Plan B. This article was originally published in April of last year.]
In May 1788, Thomas Jefferson wrote one of the most prescient statements of his career:
"The natural progress of things is for liberty to yield, and government to gain ground."
Jefferson was living in Paris at the time serving as the Minister to France at a time when the United States was still in its infancy.
It was during this period that France descended into violent revolution. And Jefferson had a front row seat to witness it.
France's reversal of fortune was legendary; only a few years before they were the largest superpower in the world and had helped the US gain independence.
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rcookie says to Hutch(): THE TARIFFS...RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO...
AS WELL AS ALL LAND...AIR & SEA BBORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTIOMS TARIFF ACTIVATION.....
rcookie says to Hutch(): OOPS TO ALL...
Hutch says to rcookie():(y)
larrykn says(): with tariff activated I would think time is running out for them to revalue and give the dinar a higher value :)
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rcookie says(): The most prominent economic expert explains the benefits of e-dinar project
Date: 02/02/2016 19:02 Information / special / .. Said Basil al-Obeidi, an economist for the main advantages of e-dinar project to be established by the Central Bank of Iraq, as pointed out that the project will enable the citizens to pay debts discharged electronically.
He said al-Obeidi told / information / The "e-dinar project is a small device resembling his job ironing Card will be used in service departments that charge fees for citizens to issue their transactions,"
noting that "the project will address pay back the money sent by the official circles to banking problems Government through the electronic balances, rather than the treasurer, as well as an end to corruption and administrative operations by falsifying some transactions. "
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Post From Dinar Updates 2-2-16
Excerpts & Highlights
Dinar Updates Member Afternoon Chat 2-2-16 Part 1 of 3
tman23 says(): ERBIL, Kurdistan Region - With an estimated $130 billion in external debt as of December 2015, Iraq's economy will likely see further stagnation this year after plunging oil prices crippled its finances last year, according to government aides in Baghdad.
Advisers to Prime Minister Haidar al-Abadi told Rudaw the central government finds it increasingly difficult to pay the over $4 billion monthly wages to state employees without a "significant rise in oil prices" in the months ahead."We may not be able to pay full salaries in April this year, if the revenues remain low," ......
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TNT: Intel Highlights From The Big Call Tuesday Night 2-2-16
PinkRoses: Bruce call: I am excited for tonight, things are rock and rolling out there. Opening call with prayer
Bruce call: Special treat, exciting intel tonight, Bob guest speaker
Bruce call: Bruce: I am very pleased with the progress this week. The things going on around the world are coming to fruitation.
The Iraqs key cards were activated yesterday. They are being used or about to be utilize in Iraq
Bruce: They can be used around the world. the rate last rate 3.78 in Iraq. things moved for Iran. Expect Iran and Iraq part of the first basket.
What is happening from a banking point of view is that the rates have been changing on screen for days, and contintue to do so at a faster pace. that is very good for us.
....
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The below posts were in our 10pm newsletter
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[Editor's Note: Simon is out of town all week in southern Chile with the board of directors of our agricultural company. In the meantime we'd like to re-share some actionable information on offshore gold, a key element of any solid Plan B. This article was originally published on November 12, 2014.]
At USD $1160, a lot of gold owners are looking at the paper price right now and panicking.
The conventional wisdom is that, because it takes fewer pieces of paper to buy an ounce, gold is a bad 'investment'.
This isn't the right idea. It shouldn't be viewed as an investment at all.
Gold isn't something that you buy with paper currency hoping to sell it later on down the road for even more paper currency.
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WEALTHWATCH 2-2-16
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch OOTW News & Comments 2-2-16 Part 1 of 2
OOTW: STERILIZATION, ECONOMIC (Social Science) The term sterilization is used in international economics and macroeconomics to describe the actions a central bank undertakes in order to neutralize the effects of central bank interventions in the foreign exchange market on the supply of domestic currency in the economy.
Sterilization usually takes the form of an open market operation, in which a central bank sells or purchases government bonds on an open market in the amount it purchases or sells foreign currency on the foreign exchange market, so that the amount of domestic currency in circulation remains unchanged.
OOTW: THE ISSUE HERE IS THAT THERE ARE SEVERAL FORMS OF STERILIZATION
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Dinar Updates:
wmawhite Remember...the IMF and the World Bank has been consulting numerous times throughout the years with Iraq (CBI, GOI, Parliament).
They know more about Iraq than the Iraqis do and YET! Let's say that again, YET! the IMF told the entire world that they expect Iraq to enter the economy market during the 1st half of 2016. ...
What I just posted is FACT...plain and simple...fact.
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Aggiedad77:WOW....what a call last night, hope you can make some sense out of the notes....enjoy
Aloha Randy
*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
CC Notes for Monday Night 02-01-2016
Frank26: It is time to switch to the second part of our conference call, our investment. We have a lot to talk about tonight....what I am going to share with you....first of all we will obviously cover the things you know about....the things you read about.....the things we posted about....things that WalkingStick brought to you.....AND....we are also going to fill in many gaps....giving it to you of course as I always do....IN MY OPINION
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Part 2
Frank26: The IMF information is classified right now Family.
ISIS.....Sistani asked for 100 volunteers....do you remember that....last year Sistani turned to the citizens and said....I want 100 volunteers....I want you to go in there and deal with these terrorists....that is when DAASH was first starting to invade. Well if Sistani can almost at the snap of a finger find 100 volunteers that that Army could not.....
Did you see that Sistani is doing something with the GOI....I'm sure you did.....of course you did....the moment he did this on Friday and Saturday....woohoo.....rumors exploded all over Iraq within the citizens and even within the banks of Iraq...and count within the Kurds too....rumors were rampant over the weekend.
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The below posts were in our 6pm Newsletter
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clay01 says to subgirl(): If GOI would pass a Government Backed Insurance Program for the depositors, the people may trust the banks more, as it is, the track record of the banks allowing the people to access their money is not very good, IMO
jtank says(): havent they already?
clay01 says to subgirl(): As it is now, it is like a snake eating its own tail, banks need the money the people are holding to pay out, but the people don't want to lose hold of their money if they put it in the banks, which comes first
subgirl says to clay01(): I agree, the banks are not the most trusted nor should they be... there has to be something that they can do to ensure their trust!!
subgirl says to clay01(): I do think it would be good if they passed a depositor law!!
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subgirl says to larrykn(): It resumes the House of Representatives, Tuesday, meetings to vote on the University of Defense Military Studies Act, read five laws, notably the first reading of the final accounts of the Republic of Iraq in 2007.
subgirl says to larrykn(): A parliamentary source told / information /, "The House of Representatives will resume its sessions today to hold the third session of the second legislative term by voting on a draft Defense University Military Studies Law, the first reading of the closing of the Republic of Iraq to the 2007 accounts, the first reading of the draft accession of the Republic of Iraq to the international regulations Convention for the prevention of collisions at Sea. "
subgirl says to larrykn(): The source added, "The Parliament will also discuss the first reading of the draft law of the Iraqi Syndicate of academics, and the discussion of the draft report and the First Amendment of the Law on Commercial Agency No. 51 of 2000 Act, and a report and discussion of the draft law of private security companies." Finished / 25
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Dinar Updates Rcookie & Member Chat 2-2-16 Part 1 of 3
LLN65 says to larrykn(): 2-2-2016 Newshound Guru Kaperoni Article: "The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks " Big move for them technology wise. And surely necessary for the advancement of the banking system on a global scale.
larrykn says(): ISIS Wali of Tal-Afar killed in coalition strike west of Mosul
larrykn says(): Nineveh - Nineveh Operations Command announced on Monday the killing of the so-called ISIS Wali of the area of Tal-Afar in an aerial bombing by the international coalition west of Mosul.
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BLC Admin Tlm724 News & Comments 2-2-16 Part 2 of 2
The introduction of tariffs in all border crossing points
2/2/2016 0:00
BAGHDAD - A morning of border crossings began working tariff to all ports and airports, including the Kurdistan region system to provide other resources for the budget, and among source at border crossing points Directorate that all the imported materials have included tariff system, he noted that the southern ports received sums very good to the treasury State since the implementation of this resolution.
The source said: "The border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region ports since the 16th of last month."
He added that "customs tariff included all subjects without exception, where were previously exempt clothing and cigarettes from customs ", adding that" all material today included tariff system such as clothing and cigarettes and materials cars and alcoholic beverages of all kinds, cosmetics, air conditioning, toys, juices and other other materials.
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MP for the Bloc 'Abdul Karim al-Naqib said of the first government set up a sovereign fund reservation by all financial surpluses from previous budgets.
Said Capt in an interview with "direction Press" that the current financial crisis caused by the fall in world oil prices can not be dealt with only by measures of austerity, pointing to the need to reduce costs to the maximum extent possible, and to increase non-oil revenue that could clog the part of the the gap in the budget.
He stressed the captain on the necessity of activating the private sector to take its role in the promotion of the national industry areas of industry and Alzraahn as well as establishing new controls at auction dollar Iraq's central bank and a review of the exchange rate against the Iraqi dinar, in addition to the conversion of some institutions and make it self-financing, such as the Municipality of Baghdad, municipalities and endowments.
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Dr. Clarke- Thanks for sending this to us today!
Dr. Clarke: Lots of questions right now, from lots of people.......here are some ANSWERS.
Everything is progressing nicely and right On Schedule, as we've been saying. We have a few Weeks left....
Friends, there is MORE GOING ON BEHIND THE SCENES, than you'll read ANYWHERE Publicly or even on this great Dinar Recaps site. It's All Positive, but the Steps MUST take place in order, as we keep indicating to you.
What are the "Steps"? We'll keep giving you the same foundational answers, as we've indicated over the past 3 weeks.....you can see it unfolding.
MOSUL is the #1 Priority. (see Reuters article below)
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rcookie says to sassy(): WARKA BANK...1 O IRAQS BIGGEST PRIVATE BANKS WAS PUT UNDER "GUARDIANSHIP STATUS" IN 2013..IN ORDER TO BE SUPERVISED THROUGH INSOLVENCY...
AND UNDERGO REHABILITATION...RESTRUCTURING..AND NORMAL BANKING OPERATIONS COMMENCING AFTER LIFTING OF GUARDIANSHIP STATUS....
INCLUDING THE OPENING AND REPARTICIPATION OF CURRENCY AUCTIONS....
sassy says(): rcookie ok now I understand
rcookie says to sassy(): BUT IS HUGE NEWS AS PART OF BANKING REFORM IN IRAQ...ESPECIALLY WITH THE ONGOING PRIVATIZATION OF THE 2 BIG STATE BANKS.....
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Wyomingbill says(): I see today that Sistani has elected Fayad as prime minister, said Abadi to slow in taking care of the people that he needs to move fast is he wants to keep ibis. Prime Minister job
jeffusa says to sassy(): Iraqi security forces
(IraqiNews.com) Anbar - The Head of Khalidiya Council in Anbar Province announced on Monday, that the security forces have advanced for a distance of 3 kiometeres north of Fallujah (26 km west of Baghdad), while indicated to the killing of dozens of ISIS members.
Ali Daoud said in an interview, "Today, security forces have carried out a large-scale military operation on ISIS gatherings and strongholds in Albu Shajel and AlBu Shehab areas in Saqlawiyah Island (17 km north of Fallujah), killing dozens of ISIS members," noting that, "The security forces managed to penetrate an area of 3 kilometers in the island."
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KTFA:
BACKDOC: HEE HEE! IT LOOKS LIKE SOMEONE NEEDS A NEW NARRATIVE TO EXPLAIN WHAT IS ABOUT TO HAPPEN IN THESE NEXT FEW DAYS! HEE HEE
WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS!
THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD!
ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM
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