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6pm June 30th, 2016

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Table of Contents

 
KTFA:

Aggiedad77: Family....your Dessert notes from last night's Conference Call...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 Wednesday June 29, 2016

 Frank26:  So where were we when we were last together Family.....well we really don't need to go back and review do we....but what we will do is that we are going to tell you that there is a Letter of Intent....that more than likely no one is ever going to see.....you don't really get to see these letters do you....

But what you do get to see are the guts of the LOI....and this past week wouldn't you agree with me that almost every article had some mention of some aspect of the agreements they had between the IMF and Iraq.....I would say yes and I would hope you would say yes too
....


WSOMN:

RAB:  In AdminBill's post, he said he was comfortable that his sources know what they are talking about. Anybody know what they are talking about?

OnceWasLost:  (From AdminBill)  RAB - I WILL MAKE THIS SHORT AND SWEET. ALL INDICATORS POINT FOR THIS TO BE DONE BEFORE JULY 8TH WITH A KEEN EYE ON THE 3RD.

I HAVE BEEN PRIVY TO CALLS AND INFORMATION THAT HAS BEEN ENLIGHTENING AND FRUSTRATING YET VERY POSITIVE IN THE SHORT RUN.

MANY VERY, VERY SENIOR LEADERS OF FINANCE AND POLITICS BELIEVE THE CURTAIN IS READY TO COME DOWN AND THE FAT LADY IS ABOUT TO SING.
....


Reader Comments On Re-Introducing Gold To The IMS



Alan     Thanks JC. I'm quite serious. This article genuinely helped me along with understanding better the developing roadmap, future goals and possibilities of macroeconomic monetary policy and gold.
 
Peter      JC as I have stated before I have a limited background base in which to understand all of this, especially the SDR - this many headed complicated beast :) . Most of what I have learned over the last 2 years stems from POM articles, which I then have to breakdown and simplify with more research.
 
Still SDR remains the hardest thought process to crack as it impacts on so many levels.
 
However, am I correct in thinking to counteract individual country greed and hoarding it would be wise to first let the the RMB basket take place then start the process and allow Gold to depreciate in order for other countries a chance to buy at a lower price then once the world feels an even balanced sovereign portfolio has been achieved to allow Gold a spot in the SDR basket and then to appreciate.
~~~

 
WingIt:

SageTurtle: OK, i had a friend who's family was visiting Toronto. They left last week and knowing they are dongians I told the husband to take a single dong bill in his wallet...

On Monday I reminded him he had that bill and don't forget to see how receptive a Canadian bank would be to dong

He went into La Canada bank and asked a teller if they exchanged dong and what the rate would be?

She leaned over and asked how much he had? He said 4.9 million. She smiled and said wait right back.

Next thing he knew the bank manager asked him to follow him. They went to the 51st floor and started negotiating.

Bank manager slides a contract right in front of him and says sign this and we will guarantee you 60 cents for every dong. We will deposit it into your new account the second the RV hits!
....


The below posts were in our 10am Newsletter
WSOMN:

AdminBill:  I WILL MAKE THIS SHORT AND SWEET.

ALL INDICATORS POINT FOR THIS TO BE DONE BEFORE JULY 8TH WITH A KEEN EYE ON THE 3RD.

I HAVE BEEN PRIVY TO CALLS AND INFORMATION THAT HAS BEEN ENLIGHTENING AND FRUSTRATING YET VERY POSITIVE IN THE SHORT RUN.

MANY VERY, VERY SENIOR LEADERS OF FINANCE AND POLITICS BELIEVE THE CURTAIN IS READY TO COME DOWN AND THE FAT LADY IS ABOUT TO SING.
....


After Chat Live - Dinar Q&A Call w/ BGG, Mr. White, and RCookie - from Mon. 6/27/15

After Chat Live - Dinar Q&A Call w/ BGG, Mr. White, and RCookie - from Mon. 6/27/15
(just received by Dinar Recaps)

Audio Player and Replay #'s

From DinarUpdates.com

641-715-3639  pin# 570743    

66 Minute Call

(in Recaps Newsletter, click blue title for audio player)

BGG News Time & Chat  6-29-16  Part 2 of 2

The promise of a book, the Office of the Prime Minister that, it "came in line with the reforms launched by the Prime Minister package, based on the provisions of the Companies Act No. 21 of 1997 as amended, and in order to control the settling accounts Alkmarki and tax procedures for the purpose of regulating the import and export of materials and goods and adjust the traffic movement amounts in foreign currency, including those funded by the Central Bank of Iraq. "
 
BGG says():BIG PIECE from yesterday...
 
BGG says():THIS MEANS THAT AS OF JULY 1ST THEY HAVE ESTABLISHED AN ENTITY TO REGULATE IMPORTS/EXPORTS WORKING WITH MINISTRY OF COMMERCE AND CONTROL THE CURRENCY.......THE FOREIGN CURRENCY MOVEMENT OF TRADE FUNDS INCLUDING CBI FUNDS....
 
BGG says():AND LOOK WHAT THIS LAW HAS TO DO WITH... THIS DEALS WITH THE COMPOSITION AND STRUCTURE OF ALL COMPANIES IN IRAQ ESPECIALLY PUBLICLY TRADED COMPANIES ON ISX...
 ~~~


BGG News Time & Chat  6-29-16  Part 1 of 2

 

BGG says():  Ok - here we go...
 
BGG says():1st piece... from today.
 
BGG says():Parliamentary reveal financial operations "a new gimmick to manipulate prices the dollar" and asserts: loans will go to the mafias
 
BGG says():Parliamentary Finance Committee revealed on Wednesday, on the operations of a "new gimmick" to manipulate prices the dollar, and accused the exchange companies and banks eligibility to stand behind it, and as I came back to government loans "will not achieve" its goal of being will go to "the pockets of the mafia" economic, economist stressed that those loans will reduce the dollar exchange rate because it will stimulate employment and production sectors.
 
She said the Parliamentary Finance Committee member Majida al-Tamimi said in an interview to the (long-Presse), "The instability of the dollar exchange rate in Iraq is due to influenced by internal and external factors," noting that "monetary policy and the auction of the currency too much impact on the dollar 

 
The below posts were in our 10pm newsletter

Re-Introducing Gold To The International Monetary System

Economics, Free Pom
Re-Introducing Gold To The International Monetary System (Freepom)

JUNE 28, 2016     JC COLLINS       
 
How the IMF and China will transform the SDR

 
As a follow up to the post yesterday titled China and Greenspan on a New Gold Standard it is worth exploring in more detail some of the fundamentals of such a new monetary framework.  It is evident that a broader use of the SDR will be mandated in the coming months. 
 
This is now beyond dispute as the official communications from the G20, IMF, as well as central banks and other international institutions, are all openly discussing an expanded SDR.
~~~

Dinar Updates Wednesday Chat 6-29-16 Part 1 of 2 

da58 says():Jubouri determines July 3 as the date for the first session in the next legislative term
 
Political Since 28/06/2016 20:53 pm (Baghdad time)
 
Baghdad balances News   Said House Speaker Salim al-Jubouri, on Tuesday, the start of the third legislative term of the parliament in the first of the month of July, noting that the twelfth of next month will hold the first session in this chapter.
 
Jubouri said in a statement received / balances News / copy of "The Iraqi Council of Representatives to announce the start of the third legislative year in the first of July, it calls for gentlemen and ladies of Representatives to begin their legislative and supervisory duties", pointing out that it "will be the first plenary meeting held in this chapter on 12/07/2016. "


Bits and Pieces in Dinarland Wednesday Evening 6-29-16

 
WSOMN:

Angel:   The $555 Trillion Derivatives Debt Implosion Is About to Begin

The next crisis is here.

The BREXIT or British exit from the EU is this crisis' Bear Stearns: an unexpected situation that Central Banks will go all out to sweep under the rug.

Whether or not they will succeed remains to be seen. But what has started cannot be undone.

For seven years, the Central Banks have maintained the illusion that all is well. Meanwhile, global leverage has exploded to record highs, with the bond bubble now a staggering $100 trillion in size.

To top it off, over $10 trillion of this is sporting  negative yields in nominal terms. Indeed, globally bond yields are at levels not seen since the BRONZE AGE.
....


Dinar Updates Wednesday Chat  6-29-16  Part 2 of 2

Post From Dinar Updates
Chat Room Excerpts & Highlights
 
Dinar Updates Wednesday Chat  6-29-16  Part 2 of 2
 
da58 says():Close to Abadi: Subtract "reshuffle" once again will be after new talks
Wednesday 29 June 2016 | 12:27 | Number of Views: 194
 
BAGHDAD / ... said the leadership of the coalition of state law Keywords, Wednesday, that put "reshuffle" once again will hold talks after new between the political parties, and denied knowing about the names that will be presented that would have been the same or a new Alasae raised previously.
 
Keywords and he said for "Eye Iraq News" that "put" reshuffle "once again will be after talks new between the political parties," adding that " the Prime Minister Haider al - Abadi keen on the unity of Parliament and non - admitted problems and therefore wants to proceed with reforms and voting upon Among reforms is a reshuffle. "
 ~~~


Yuan Falls Sharply Against U.S. Dollar

Yuan Falls Sharply Against U.S. Dollar
06/27/2016
 
"The market should be a little bit disappointed as most of the traders hoped that China's central bank should offer some sort of 'stability' amid rising market uncertainties," he said. "Undoubtedly, today's [yuan] fixing rates hint that the market should be prepared for more volatility."
 
The yuan's fall may be cushioned by the central bank again to avert panic selling. On Friday, traders said the PBOC moved to shore up the yuan's value via an intervention in the onshore market, after the currency fell to its lowest level in nearly 5½ years due to concerns about the U.K. referendum.
 
On Monday, traders said the PBOC was at it again with the aim of preventing the yuan from falling too sharply, after it earlier dropped below 6.6400 against the dollar.
 
"But the intervention appeared to be not as forceful as it used to be, which is a hint that the central bank is probably happy to see the yuan depreciate further, as long as the pace is controllable, to help boost the economy," a Shanghai-based senior trader at a domestic bank said.
 
"The sharply lower yuan fixing this morning also shows that the PBOC is trying to let the air out of the balloon a bit by bit, instead of seeing the bubble burst at one go," the trader added.
 
Given the central bank's more relaxed response thus far, selling pressure on the yuan doesn't seem to be as heavy as was previously feared. "Many of our clients are actually waiting on the sidelines, trying to figure out how the entire world is still responding to the Brexit outcome," the trader said. 
The onshore-traded yuan has tumbled well past the 6.6000 psychological level, which could be a factor in changing the market's view on the currency.
 
Something to watch for is the gap between the 1-month dollar-yuan nondeliverable forward contract and the 12-month contract. When it starts to widen, it implies investors are starting to become more bearish on the yuan.