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Germany stands ready to provide technical support to the Iraqi government to achieve a shift in the economy
History of edits:: 06/14/2016 20:34 {Baghdad: Euphrates News} Germany expressed on Tuesday its willingness to achieve the required economic reforms in Iraq and provide technical support for the Iraqi government to achieve the transformation of the Iraqi economy.
A statement by the Ministry of Finance and the agency {Euphrates News} received a copy of it, "Finance Minister Hoshyar Zebari met with Jorg Asmussen Counselor for Economic German Chancellor Angela Merkel, and discussed with him relations {Iraqi - German} economic and financial situation in the country."
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Post From BondLadys Corner
BondLady & Tlm724 News & Comments 6-15-16 Part 1 of 2
Kurdistan require the amount of "billion" per month for a new oil deal with Baghdad
15/06/2016 11:10 | Direction Press / Arbil
Kurdistan Regional Government announced on Wednesday that the Iraqi Kurds are ready to conclude an agreement with the central government in Baghdad on increasing oil exports if guaranteed them a monthly income of one billion dollars.
A spokesman for the Kurdistan Regional Government Sven Dizayee in a press Arbil followed up "direction Press" comments, "The Kurdish authorities would be willing to sell oil on the road to Baghdad if I got on a monthly billion share of the federal budget."
And it confirmed the MP for the Kurdistan Alliance Najiba Najib, Sunday (June 5, 2016), on the need to Kurdistan percentage of loan amounts obtained by Iraq, indicating that the economic deficit caused them to non - fulfillment of the Government Center Boradat oil and non - payment of staff salaries.
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Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie's Wednesday News Recap 6-15-16
rcookie says():HERE IS A RECAP OF NEWS...
rcookie says():GENERAL
OIL CONTINUES 4TH STRAIGHT DAY SLIDE TO UNDER $50 AT $49.17...
AUCTIONS AT $140 MILLION...
SISTANI RENEWS HIS CALLS FOR IRAQI UNITY AGAINST ENEMIES OF STATE AND AVOID DIVISION...
INTEGRITY FOILS ANOTHER ATTEMPT OF STEALOISG FUNDS OF 17.5 BILLION DINARS THROUGH RAFIDAIN BANK BY FORGED LETTERS OF CREDIT...
ERBIL REQUIRES 1 BILLION DOLLARS PER MONTH TO COMPLETE OIL EXPORTS DEAL ZUMAIL & WILLING TO INCREASE OIL EXPORTS IF BAGHDAD AGREES, SOME CALLING "BLACKMAIL" INCLUDING ABDUL MAHDI...
~~~
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The below posts were in our 6pm newsletter
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KTFA:
ReddStar: Very surprised.....this is not all over the net right now.....IMO....this says...A LOT....they're not hiding anything anymore....LOL (see article below)
Carolyn: I like the part "DEVELOPING RELATIONS WITH MAJOR INTERNATIONAL BANKS AND FINANCIAL INSTITUTION AROUND THE WORLD" as Frank would say TAAAADAAAAA!!!!!!!!!
Frank26: Wait till i tell You what the NET does NOT know about this ..............
C U in 1. (Special CC tonight after business promo ) Starts at 7PM ET
....
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WingIt:
ColoradoGurl: NO CHANGE IN INTEREST RATES BY THE FED.... ANNOUNCEMENT ON BLOOMBERG
Dr. Mark: But consider how this is impacting other world markets specifically Japan! And Brexit was not really addressed and the impact it will have. Next week will be huge if UK leaves EU as the $$$ will fall onto Germany who's bonds are in the negative already. Lots going on outside US.
This decision is US only. When the other markets get impacted economically it will impact trade here in the US as monies will become extremely tight for both cash and credit policy. When other countries can't afford to purchase US goods due to lack of liquidity it will come back and hit us hard.
These next 30 days will be a true theatre moment...get the popcorn!
This decision was very myopic for US markets and, IMO, gambling that the UK will stay in the EU. It will be a domino effect if they do leave the EU as the burden for countries like Greece could fall on Germany to solve.
And, since their banks are restricted from a cash flow perspective they can either do QE (which we know is a failure, look at Japan) or some other economic move to address the shortfall in liquidity
....
Read Mo
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WingIt:
Dr. Mark: Ok. Here is my list: US Bonds coming home to roost, Brexit, Naval operations in Med/Pacific, Mosul/Fallujah, Deutsche Bank, ECB challenges, the Kurds impatience....
And, according to a friend....there are still 3 mechanical steps that need to occur for this to go. Unfortunately, we have not been informed as to what those 3 steps are...sorry!
He also shared this quote from CNBC today...
."The European banks under their Basel regulations, much like our Dodd-Frank, are forced to hold a certain amount of assets on their balance sheet [and] those assets have to be government-issued debt.
So they're forced to own those assets."
....
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rcookie says():AUCTIONS AT $141 MILLION...
rcookie says():THOSE LOANS AND FIGURES ARE ALL IN THE 2016 BUDGET....
rcookie says):THIS IS WHAT HAPPENED IN CABINET YESTERDAY...
rcookie says():The facts and decisions of the Cabinet meeting on Tuesday
BAGHDAD - Iraq Press - June 14:The head of the Council of Ministers Haider al - Abadi, said on Tuesday that Daash crumble in front of strikes Iraqi forces heroine and edit Fallujah continuous process the same strength and determination, as planned for the Liberation of the city of Fallujah.
And accept Abadi , presided over the Cabinet meeting normal, the latest developments in the process of liberation of Fallujah and victories achieved by editing many areas, large areas of land, as well as orientation for the Liberation of Nineveh province.
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jd says():I would like to see Iraq just make one deadline without a postponement.Im not sure that is possible?
jd says():Dates mean nothing in Iraq.
larrykn says to jd():ya they are a bunch of slacker lol
jd says():Maybe that is their culture.To never meet deadlines??
larrykn says to jd():IMO they put it off because the parliment hasn't come back yet, once they do things will move a lot faster
rcookie says to jd():AND WHAT DATES ARE THOSE JD........
rcookie says to larrykn():SO I SEE
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Part 2:
Frank26: While all of these activities are going on and the mirror images are playing with each other back and forth, you have the taxes and the tariffs at the borders that are being set up.
They used to collect them manually but by the 15th of this month, in a few days, it's not going to be manual anymore. And that's why the World Trade Organization (WTO) is asking Iraq, "will you guys join us?" And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders.
Now the software to reveal this encoding of every item that is going to be taxed, wholy cow...is only going to increase their revenues of the country and the WTO and of the IMF...and of everybody else that is involved in shipping products to Iraq. Not only in shipping imports but exports as well.
They set up an E-Government system and electronic taxes...all of this with the software that will give them the encoding that will allow them to become World Trade Organization members?
Hmmm...I guess the timing to join them is exactly right because an LOI, I pray to God says that they are changing their rate.
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KTFA:
Doodlebug: KTFA-Family, here are the CC Notes from last night. Please excuse any typo's. Hugs, Doodle Bug.
*** 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, June 13, 2016
This conference call is dedicated to Mr. Ray Brooks.
"May your life be an example to many. See you soon."
We pray for the tragedy in Orlando. We pray for all tragedies in the world because that's what Christians do
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The below posts were in our 10am Newsletter
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Baxter says():Global Economy by Mid Year.. thats what the IMF said..
Hutch says to Baxter():whats the difference?
Baxter says():To be Global...you need a currency..... Period
Hutch says to Baxter():they have a currency
Baxter says():Oh Yea.. Cash it once
Hutch says to Baxter():happens every day
Baxter says):go to chase and cash it in
Baxter says():to wells fargo..and cash it in
Hutch says to Baxter():i dont want to
Hutch says to Baxter():you go
Baxter says():you cant
Baxter says():its not international...
~~~
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WingIt
PinkRoses: BRUCE CALL STARTING. I WILL ONLY BE TRANSCRIBING BRUCES INTEL PART TONIGHT
THE BIG CALL NOTES ~ JUNE 14th, 2016
BRUCE: I know that we were waiting for Iraq to pay their citizens all over the country of Iraq and internationally at the same rate, and back pay that they owe their citizens from all the way back from 2013. They did it. It was requirement by IMF. It was accomplished overnight.
That put us in a new position of moving forward because of that. Just generally speaking the banks are prepared for moving forward and have received some authorization to have our notification handy. Lead bank Wells Fargo, HSBC, Bank of China.
Other banks are involved. Those are the main banks we tend to talk about more because they just have the majority of 7,000 redemption centers throughout the US and Canada.
....
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