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6pm June 5th, 2016

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Table of Contents

Backdoc and KTFA Members: "OPEC is Finished!"  6-5-16

KTFA:

Thunderhawk:    Way to GO RICK !!!  OIL is going to the markets !!! (See article below)

Not surprised, but sure glad they're showing it.

This is what the TPP and what we have been studying is all about.

GOLD????? Yeah right... Oil is the new currency in the new reality !!!!!!

and the banks will control the price !!!!!

Thanks Rick - Great find ......EDGE of the seat Excitement...

Get in line at the exchange - It's gonna be good...  ThunderHawk

PappaJ:  WHERE ARE YOU BACDOC??????? I COULD MAKE LOTS OF COMMENTS ON THIS ONE BUT WILL NOT STEAL YOUR BOW----

HAWK WE NEED TO GET THE GOLDEN PIN READY!!!! MY COMMENT==== BOOOYAAAA!!!!!!!!!!!!!!!!!!!!!!!! PJ
....

BondLady & Tlm724 News & Comments  6-5-16  Part 2 of 2

Federation of Industries proposes to lend a vital project in 2000 and calls for the involvement of "Project map"
 
Author: HH, ZJ  Editor: BK, HH 06.05.2016 12:04    Long-Presse / Baghdad   Counting the National Business Council, on Sunday, that the loan program launched by the government resulting from its proposals to the government and parliament, and with the Iraqi Federation of Industries stressed the need to use it to develop a way for projects that should be lending to first map,
 
a proposal to start two thousand vital project first to enable them to contribute to the promotion of national income and it operates the largest number of the labor force, and attributed the economist delayed the launch of the program for the routine and the presence of the sought for "obstructing" the advancement of the Iraqi economy and domestic production. 
~~~

BondLady & Tlm724 News & Comments  6-5-16  Part 1 of 2

Foreign exchange rate of the Iraqi dinar on Sunday, June 5, 2016

Economy   Since 05.06.2016 at 08:36 (Baghdad time)   BAGHDAD - balances News
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars affraid affraid afraid
1 Iraqi dinars = US $ 0.0008
 
 euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
 
 Sterling pound
£
IQD 1 = 0.0006 pounds
 
 Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
 
 Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
 
 Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen

Wealthwatch Chat Room News & Comments 6-5-16


Wealthwatch Chat Room News & Comments 6-5-16 

chattels: Battle for Fallujah: Not Shias vs. Sunnis but Iraqis vs. ISIS edition.cnn.com/2016/06/0... ... my latest article for CNN on Iraq media coverage
 
chattels: 18 minutes ago Retweeted Hayder al-Khoei Thanks to CNN we finally read a balanced article.looking forward to see more from others
 
chattels: "Falluja will take time, and will be very messy. But there's a current of poor commentary that's more sectarian than the situation itself."
 ~~~

More Bits and Pieces in Dinarland Late Sunday Morning 6-5-16

 
KTFA:

PappaJ:  FAMILY , I WANT TO CAUTION YOU ON SOMETHING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I SEE THAT MANY OF YOU ARE ZEROED IN ON IRAQ DOING SOMETHING IMMENANTLY ,BE CAREFUL TO GUARD YOUR EMOTIONS ----- AS YOU ARE WELL AWARE OF IRAQ COULD NOT GIVE A RAT SPIT ABOUT INVESTORS ONLY THEIR OWN POLITICAL/ MONEY ASPERATIONS  ------

WATCH ONLY THEIR ACTIONS------ ACTIONS ALONE---------- ACTIONS MEAN THINGS AS WE 3 M'S HAVE SAID REPEATEDLY -------

YES THERE ARE PATTERNS IRAQ LOVES MULTIPLES OF 7 ---- THERE IS A REASON BAC DOC ALWAYS SIGNS 8@8  ---- DEC 8TH WAS HISTORIC FOR IRAQ ,FOR THAT US TOO -----

YES WE ARE IN THE MIDDLE OF THE YEAR = SHABBS HAS ALWAYS SAID 1ST OR MIDDLE OF YEAR=

YES IMF HAS EXTENDED LOANS- IMO IRAQ ALREADY HAS THEM BASED ON THEIR ACTIONS SO IRAQ HAS AGREED TO ARTICLE 8 CONDITIONS BUT DO NOT BE SURPRISED IF THEY DO THINGS TO DISRUPT THE AGREEMENT !!!!

WHY YOU MIGHT ASK ??????
....

The below posts were in our 11am newsletter
 
Early Sunday Morning:

Dinar Updates:

Poppy3:  Just off phone and report... in Iraq flag now flying over Mosul. IT WAS REPORTED ABADI RAN IT UP HIMSELF AND THE REPORT IS THEY HAVE CONTROL.
WE KNOW THERE WILL STILL BE MORE FIGHTING IN AREAS BUT THEY HAVE TAKEN ALL FOUR AREAS OF THE TOWN.

GLORY THEY ARE IN CONTROL.

I CONTINUE TO PRAY THE PEOPLE OF IRAQ GET WHAT THEY NEED IF SO WE WILL HAVE OURS...

THEY ARE MOVING FORWARD FOR YOU AND ME.
....


BondLady & Tlm724 News & Comments  6-4-16  Part 2 of 2


 
In the parliamentary finance by calling for the support of banks and activating the deposit law
 
History of edits:: 06.04.2016 13:39   {Baghdad} Euphrates News called the parliamentary finance committee member Ahmed Sarhan, the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country's economy.
 
The MP said Sarhan Ahmed told {Euphrates News} " The development of the banking sector in Iraq is through the government support for the banks, as well as the Central Bank and funding required amounts to be able to fulfill their duties to the fullest , " noting that "this depends on the amount found in the reserve the central bank ".
 ~~~

BondLady & Tlm724 News & Comments  6-4-16  Part 1 of 2

Central Bank: We have received requests for the granting of agricultural, industrial and residential loans
 
03/06/2016 04:31 | Direction Press / follow-up He said assistant general manager of statistics and research at the central bank Alaa Abdul Ghani, said the bank received several requests from wanting Atniv agricultural and industrial projects and housing, adding that the bank will distribute the $ five trillion dinars on the agricultural, industrial and housing banks are granting loans after the feasibility study projects that seek port for its establishment.
 
He said Abdul Ghani, in a press statement that "lending initiative very excellent in a matter of economic downturn and blessed the move and supported the central bank governor on the Keywords idea, and stressed that the central banks' implementation of this order to pump money agro-industrial and residential banks, and this initiative will be launched in the coming days and was greeted applications to grant loans for the implementation of industrial projects, agricultural and residential. "
 ~~~

Dinar Updates Saturday Chat  6-4-16   Part 3 of 3

da58 says():ISIS left Fallujah 60 days ago, claims Anbar tribal leader
By Rudaw 1 hour ago  The Iraqi army and Shiite militias are battling to regain control of Fallujah from Islamic State. Photo: AFP
 
ERBIL, Kurdistan Region-Local officials in the Fallujah region claimed that ISIS left the city 60 days ago and those fighting the Iraqi security forces are residents of the city who have no ties to ISIS but are terrified of the Shiite militia groups who have been caught on video torturing refugees who fled the city.
 
"It has been 60 days since ISIS has withdrawn from Fallujah, and the residents fear what [Shiite militia] Hashd al-Shaabi militants might do to them," Raad Sleman, a Sheikh from the tribes of Anbar, told Rudaw.
 ~~~

Dinar Updates Saturday Chat  6-4-16   Part 2 of 3



 
rcookie says():Iraq received the first payment of the loan and the parliamentary financial implementation under Basra
 
An economy Since 2016-06-04 12:30 p.m. (Baghdad time) Special balance news   Financial Committee, said Saturday that Iraq will receive $ 800 million dollars as the first batch of International Monetary Fund loan.
 
The Committee Member said Sirhan Ahmed/the balance of news, that "Iraq will receive $ 800 million dollars as the first batch of IMF loan, over the next few days."
 ~~~

Dinar Updates Saturday Chat  6-4-16   Part 1 of 3




ronda says(): when they talk about 1300 dinar or 1200 dinar how do you calculate what the rate would be

Golden : it needs be a LOT lower than those for us : Here is a scale I have kept for many years.
 
samson says():$ RATE = What you will see on Forex or CBI (USD/IQN)
 
$/din = USD/IQN
$  .86 = 1.162
$1.00 = 1.000
$1.17 = 0.854
$186 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
 
rcookie says(:) View the document: Before Todath sworn .. Minister directs orders indifferent regardless of large foreign companies !!
 
04-06-2016 03:27 PM Hits: 1796   Orbit News -  Before Todath constitutional right and the new Minister of Electricity Ala'a Disher, direct orders to divert large amounts of electric companies implement projects in the country.
 ~~~

 
TNT:

Anteater2 :  Ok Folks our friends got back to us a few minutes ago.... Fxxxxxxxx  AF base in Washington state does have an "exchg ctr" and confirmed that exchanges for their military~ active and retired ~ ( only) is and has been going on.....Absoutely keeping all in perspective.........tell me what is the word perspective really mean? LOL I just think starting with the Military is superb! God Bless America and our Military!

Hawkman:  I have a niece in the navy, active duty. I did not know that she went to the M.E. My brother told me today that when she got back, she exchanged her dinar at the base for $3.00 per dinar. I did not know this She is looking into this right now. Talked to her dad, he said base exchanges probably closed for the weekend. She will look into it Monday.
....


Arthur  Article:  " In the Parliamentary Finance by calling for the support of banks and activating the Deposit Law........":

THEY ARE NOW IMPLEMENTING THEIR DEPOSIT LAW. THIS ACTUALLY TURNS ON OR ACTIVATES THEIR ENTIRE BANKING E-COMMERCE ECONOMY.

IT WILL INSTILL A NEW TRUST AND CONFIDENCE IN THE IRAQI BANKING SYSTEM FOR IRAQIS AND OTHER INVESTORS IN IRAQI BANKS. 

BASED ON WHAT WE KNOW ABOUT THE E-COMMERCE INFRASTRUCTURE THEY HAVE BEEN BUILDING FOR THE PAST 3 YEARS AT LEAST, IT WILL ALLOW THEM TO IMPLEMENT AND ENJOY BANKING EVEN MORE DIGITALLY SOPHISCTATED THAT RIVALS MOST IF NOT ALL COUNTRIES IN THE WORLD.

WE KNOW FOR A FACT THAT A STIPULATION FROM THE IMF TO RECEIVE THEIR FULL FUNDING IS TO END THE MCP (MULTIPLE CURRENCY PRACTICE)
....