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6pm June 14th, 2015

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Table of Contents


  

 

TNT:

Iko Ward:   There will be nothing new from here on out. Only rehashed intel and smoke. It happens by Wednesday or WE are in for a whole neW game IMO

OK Rocks:   Iko good morning.... curious why would you put wednesday as the "game changer"

Iko Ward:
  Thats what abadi has said. Its done befoe Ramadan. He has the power. So it gets done or hes just another stooge in the game.

OK Rocks:   Iko gotcha, but my thoughts do wander back to other times that he made similar promise and well we know what happened... so I guess if it does not go this time, there will be He double toothpicks ( lol) to pay... so yes, that would be a game changer

OK Rocks:   I agree with Iko, things will remain quiet.... until ... may as well go enjoy your day unless you just want to chat
....


 

 

KTFA:

Pappa-J:
  UNUSUAL FAMILY !!!!

NORMALLY THIS WOULD NOT HAPPEN ( OFFENSIVE MILITARY OPERATIONS) DURING RAMADAN ----

SOO I GUESS THAT ANYTHING ELSE IS FAIR GAME TOO INCLUDING THE RI/RV WHAT SAY YOU DELTA AND FRANKIE????    PJ    (See article Below)

walkongstick : Iraq operations: 50 thousand security element involved securing boycotted operations during Ramadan

Written by HA History: 14/06/2015 18:11  alaaraji - shell

Baghdad - INA / Command announced Iraq operations, on Sunday, the participation of at least 50 thousand security element in its operations boycotted insurance which covers four provinces, during Ramadan plan, indicating that it focuses on the intelligence effort and processes of pre-emptive, air, land and monitoring of the border areas.
....


  

 

Thunderhawk » June 14th, 2015, 9:30 am   Backdoc Alert

VIDEO: Fed moves closer to policy change in week ahead

With stocks range bound, traders await the Fed's latest message on normalizing policy, after nine years of no interest rate hikes.

The Fed holds its June meeting on Tuesday and Wednesday and is not expected to take action when it releases its statement Wednesday afternoon.

But traders anticipate that Fed Chair Janet Yellen will have a message for markets when she holds a briefing after the meeting, and they will be looking for clues on whether the Fed would be ready to embark on its first rate hike in September, as many expect.

http://www.cnbc.com/id/102756211
....


  

 

Jester's Place:

[Jester] HI AND HAPPY SATURDAY EVERYONE....

[PollyP] Jester, Betsy had a link to an IMF article today from Brics Post, have you had a chance to read it? If not we can discuss it at another time

[Jester] PollyP WHICH ONE? I HAVE SEVERAL...

[chuck60] Jester Well, it doesn't affect me, so I wish them luck! Lol

[PollyP] Jester, it said they delayed their decision until September and Christine asked again for the US to pass the reforms?

[Jester] IMF Executive Board Reports to the Board of Governors on Interim Steps on Quota and Governance Reform
....


Morning News Comments 06/14/2015

Construction materials company received bids from international companies for the supply of wood

[tlm724] Ministry of Commerce announced a number received offers from international companies and from different origins, such as {Romania, Turkey, Syria, Poland, Ukraine and India} for the supply of wood material according to international standards.

[tlm724] good deal they are getting there ! 

[tlm724] these contracts are subject to all the paragraphs of the Implementing Regulations of government contracts and all imported materials subject to screening laboratory in accordance with the international standards adopted" .anthy

[tlm724] all imported materials subject to screening laboratory in accordance with the international standards adopted

[tlm724] yeppers and should be taxed in August

~~~



  
(NOTE - we are having issues with the posts posting with the wrong date.  We are REPOSTING this in an attempt to fix the problem. Thank you for your patience)

Millionday news 6/13/15  Part 1 of 2

WELCOME TO MILLIONDAY NEWS FOR JUNE 13, 2015

Millionday: GREAT TO SEE EVERYONE -- WE HAVE SOME INTERESTING NEWS TO LOOK AT TONIGHT

Millionday: THIS IS GREAT NEWS -- READ EVERY WORD

Millionday: Hussein al-Tamimi Tgb 

stressed the mixed sector Conference and its role in development and economic transformation on the importance of overcoming administrative and financial constraints and access to facilities offered by the state and stand at ways to develop this sector, especially as the mixed sector is one of the shift towards economy factors the open market.

Millionday: NOTE -- THIS IS ALL ABOUT THEIR PREPARATION FOR MARKET ECONOMY --
~~~


(NOTE - we are having issues with the posts posting with the wrong date.  We are REPOSTING this in a attempt to fix the situation.)

(Thank you BGG for emailing this to Dinar Recaps.)

BGG ~ Ok - so stop and think about this for a sec...

Iraq's 2015 Budget was roughly 119 Trillion IQD...

Today is June 13th 2015 - almost EXACTLY half way thru the year...

The other day they went public with their "true deficit" as 30% the budget... (of 119 Trillion IQD) - in other words more like 40+ Trillion IQD (roughly all of their currency in circulation is their deficit - JUST THIS YEAR - or 40 Billion USD).

I have been saying this - right?? The deficit was waaaaaaay more than 25 Trillion (IQD)
So 50% of their budget and remaining year is likely GONE...

Surely they have spent the full budget allocation during the first half of the year...

So they probably have only 20% of their budget left (of 119T IQD) to cover 50% of the remaining year...


Thunderhawk  » June 14th, 2015, 9:26 am   Backdoc Alert

VIDEO: 'Unprecedented' volatility in bond markets: Goldman

It is too early to tell just how long the selloff in government bonds will last following "unprecedented" market volatility, Goldman Sachs International's Vice Chairman Michael Sherwood told CNBC on Monday.

European and U.S. bond yields soared last week to their highest levels this year-sending their prices tumbling-amid some positive signs on the economic front and a perception that inflation is picking up faster than anticipated a few months ago.

"We went from a period where rates were a one-way bet down when the (European Central Bank's) QE (quantitative easing) program was announced; we had a situation where 30-40 percent of government bonds had negative yields. That is starting to reverse itself a little bit, but it's too early to tell," Sherwood told CNBC.
....


The below posts were in our 11am newsletter

 

KTFA:

Carolyn:  Frank, You said months ago that Dr. S wanted to talk soon
I think this whole thing about a new Govener of CBI is to put our Dr S back at the front and center as the authority.

(Not the man M made him out to be) so he can have the honor of raising the rate deleting the Z and making his country happy and proud......

What do you think ?      Carolyn

Frank26:   It is good to have You on our side of logic Friend.   KTFA    Frank
....


 

In lieu of doing a recorded call, I wanted to chronicle pertinent events that have occurred in Iraq since our announced break which coincides with their legislative break/Ramadan. 

My belief then and now is that Iraq must complete the formation of their government by including the three prominent sects Sunni, Shiite and Kurd.

As I type the head of the House of Representatives,  Jubouri, is on his way or has arrived in New York for a meeting with UN Secretary-General Ban Ki Moon where the two will discuss the UN Member States continued support in capacity of Security and Humanitarian relief for the displaced citizens.  Days before he was meeting with the US President, Senators and the US Secretary of Defense, Asthon Carter.  Jubouri informed the US that any delay in arming Sunni fighters will advantage Daesh as the West (Sunni Territory) believes their government has yet to show allegiance by inaction and continued marginalization.  

Their position is that words are pointless if not translated into action. Should Abadi and his Shiite led government continue to breach agreements arrived at the time of his government's inception there is no tangible difference between he and his government and the perfunctoriness of Maliki's.


The Three Books You Must Read if You Want to Argue About Gold

Gold: If you're going to argue about it, you should at least understand it

by Tom Keene

June 11, 2015 - 8:10 AM EDT

Here are three precious books on gold.

One is a classic; another the great one-volume read; and the other, a controversial effort on the emotion and fear that often drives the price of precious metals and certainly drives perpetual interest in gold.
~~~


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