China Intensifies Steps to End $3.2 Trillion Stock Rout

China suspended initial public offerings, while brokerages pledged to buy shares and state media urged investors not to panic as officials intensified efforts to stop the steepest plunge in equities since 1992.

Twenty-eight companies halted their IPOs, according to filings to the nation's two exchanges Saturday. A group of 21 brokerages led by Citic Securities Co. will invest at least 120 billion yuan ($19.3 billion) in a stock-market fund, the Securities Association of China said the same day. 

Executives from 25 mutual funds vowed to buy shares and hold them for at least a year, according to an industry group association.
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Post From KTFA By FrostyTheSnowman » July 5th, 2015, 10:33 pm  *  

"29 ... 46 ... HIKE!!! ... pass the ball to BackDoc ... and TOUCHDOWN!!! 

You called it BackDoc! The media is finally starting to talk about the pesky little issue of FUNDING the US Gov't. before a shut-down. (wink, wink)

After July Fourth fireworks and parades, members of Congress return to work Tuesday facing a daunting summer workload and a pending deadline to fund the government or risk a shutdown in the fall.

The funding fight is shaping up as a major partisan brawl against the backdrop of an intensifying campaign season. Republicans are eager to avoid another Capitol Hill mess as they struggle to hang onto control of Congress and try to take back the White House next year.
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China Brokerages To Buy $19.3 Bn In Shares To Stabilize Market 

JULY 4 2015

 21 major securities brokers in China convened on Saturday in Beijing, vowing to "firmly" stabilize the country's stock market, which has been shaken by continued plunges.

"Twenty-one securities brokerages will jointly invest 15 percent of net assets as of the end of June, or no less than 120 billion yuan ($19.3 billion), in blue chip exchange traded funds," a statement on the website of the Securities Association of China said.

These firms will not sell the stocks they held as of July 3 and will buy more, at their own digression, when the benchmark Shanghai Composite Index is below 4,500 points.

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Morning News Comments 07/06/2015  Part 2 of 2

[tlm724] Article (50 ) and Article 55 of the law

Article -50 -

Central Bank is committed to identifying sales of foreign currency (dollar) in daily auction ceiling not to exceed $ 75 million a day with the exercise of justice in the sales process.

And calls for the participant bank in the auction provide goods enter documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it and use other banking tools to maintain the strength of the dinar against the dollar.
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Morning News Comments 07/06/2015  Part 1 of 2

Federal eliminate the unconstitutionality of some articles of the 2015 budget

[tlm724] lets take a look at some of the important things contained in this article and reference both the 2015 Budget and the Iraq Constitution

[tlm724] one fact is obvious the Council prepared the budget and sent it to Parliament BUT parliament changed some of the items contained in the budget BUT never sent it back to the Council for review and approval ! That is against the law. "the resolution stressed that the preparation of the budget is the prerogative of the Council of Ministers and in accordance with the principle of the separation of powers provided for in Article 47 of the Constitution,"

The Federal Supreme Court ruled on Monday, the unconstitutionality of some federal budget for the current 2015 materials, while confirming that the legislation was contrary to the constitution of the fact that these materials were not present in the original sender of the project from the government to the parliament

the court found that these materials were not present in the original sender of the project from the government to the House of Representatives," saying that it "has decided to rule the unconstitutionality of these materials because the House of Representatives has Pthariaha without returning to the government to take approval or project returns them for the purpose of considering the proposals. "
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Millionday News 7/5/15  Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE -- WE READ A REPORT STATING THEY WERE LOANING FOR THE BEGINNING OF PROJECTS -- GOOD POINT

Millionday: He continued, head of banking and finance at the University of Mustansiriya that "Iraq needs to go back to the international community and a commitment to its criteria to get rid of emergency crises, 

especially as the Bank and the Fund and cooperation with them provides an opportunity for Iraq to adjust its economy and its budget and account outside, the Bank also has the expertise and allows the provision of studies represent an early warning of the economic system. " 
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Millionday News 7/5/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Announced Rafidain Bank, announced the launch of banking cooperation with the International Foreign banks initiative. 

The general director of the bank on behalf of Kamal al-Hassani in a press statement today that "prospects banking cooperation with Arab and international banks contributes to increasing the volume of external banking transactions through the opening letters of credit and the issuance of letters of guarantee and an investment and foreign remittance operations.

Millionday: NOTE -- WHOOOPOW

Millionday: NOTE -- RAFIDAIN BANK HAS ANNOUNCED THEY ARE MOVING FORWARD WITH INTERNATIONAL BANKING RELATIONS -- HUGE NEWS
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KTFA:

FrostyTheSnowman:  FROM TOPSHELF ...July 4th 

Oh, don't start believing cash outs have started. They are showing you the process of how the world will change and is changing.

Follow Greece. That is resolved, but it was done in a certain way for a reason - safety.

Puerto Rico also has it handled. What does "handled" mean? The plan, which has no letter, is moving forward and will happen at same time for all nations.

None of these other stories about exchanging are true. If they are, then they are tied to a contract, because debt is owed by Iraq. Just because a nation owes someone, such as a company, doesn't mean that "someone" can speculate, which is why the need for USD (auctions).

No speculator in currencies has cashed out a dang thing. Why would they exchange an asset-backed currency for fiat? Same with nations.
.... 

From MY LADIES Private Chatroom :

AW:   Financial analysts are starting to react to the Greek referendum results.

Wolf Piccoli, of Teneo Intelligence, reckons that there is now a 75% chance that Greece will eventually leave the eurozone.

He believes the European Central Bank will not raise the cap on emergency liquidity, even though Greek banks are desperately short of cash.

 This will further raise doubts over whether all of Greece's big commercial banks will be able to survive the coming week; their remaining liquidity buffers are likely to last until Tuesday, at best. Within the ECB, there may even be a push to consider a further increase in the haircut on the collateral accepted in return for ELA access, although Monday may be too early for such a move given that the further course of negotiations is still unclear.

http://www.theguardian.com/business/live/2015/jul/05/greeces-eurozone-future-in-the-balance-as-referendum-gets-under-way--eu-euro-bailout-live#block-55997891e4b032a39a3ba8f8

Greetings and Salutations:

POOF SAID;

 The whole world is upside down - and the folks in charge are not so sure they can continue to manage the rip tide effect that is about to roll through. 

The deals have been cut,  the options have been reviewed, the plans have changed many number of times, and the wherewithal to make it all happen as has been the intention now for years, has been dampened by the continued surveillance that has occurred. 

You have to recall that was not always an issue. It certainly is now.  As soon as indications come through that this and that are going to happen, then the PTB are also alerted and that changes the outcomes. 

Albeit, the outcomes won't always been thwarted, but lets be real, they have been and they are and yet no one within the white hat group is thwarted by what changes; the wiser ones just know what has to be done and they continue to do just that.

 Will the programs begin to manifest or pay out this next week?  They could.  It could happen and it could get delayed one more time.  Just be aware that bankers and politicians and kingpins are all quite busy all over the world right now trying to cover their ***....

These are crazy times but reminder that it was always expected, these tumultuous experiences. 

Some where you have read the Light is winning; well it is, it will, and good intentions and good people will ultimately get this done.  Be wise, safe, and use your common sense, as always. 

If wishing your intention could bring all of these things to a head this very week, there are plenty of folks on this slow train that would do that in a NY second.  You are all on the same page.  Keep the faith....P...
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Post From wealthwatch.world Chat Room 7-5-15  Sczin11 - Chattels & OOTW
Early Afternoon til Late Afternoon Part 1 of 2


sczin11: GOOOOOOOD AFTERNOON EVERYBODY   HOPE ALL ARE WELL

chattels: '@sczin11' wealthwatch.world/showthr...

http://wealthwatch.world/showthread.php?tid=872

sczin11: '@chattels' TY..MAY MOVE TO OTHER CAT...LEFT IT UP TO OOTW

chattels: '@sczin11' all good

sczin11: I HOPE YOU ALL ARE TAKING THIS OFF TIME, TO NAVIGATE THE FORUM....THERE IS LOTS OF INFORMATION FROM THIS PAST WEEK...MUCH HAS HAPPENED IN PARLIAMENT...

ACCUSATIONS OF CORRUPTION BEING MADE AGAINST THE JUDICIAL SYSTEM .. 
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