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| Backdoc: Greek Banks May Be Facing The End Game
Post From KTFA By ThunderHawk
Backdoc Alert
VIDEO: Greek Banks Seen Days From Breakdown as Bailout Talks Resume
Greek banks may be facing the end game.
The European Central Bank is tightening the credit that's their only lifeline. Money was pouring out of customer accounts before banks were closed and capital controls imposed a week ago. The prospects of Greece reaching a deal with creditors remain slim after its voters rejected austerity on Sunday.
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Post From KTFA By aggiedad77 » July 7th, 2015,
Tuesday News Summaries and Commentaries
Iraq looking with American negotiators development skills to join the World Trade Organization
Ministry of Trade meeting with the US Embassy Deputy Economic Counselor, seeking to enhance the chances of Iraq ascending to the WTO...
Iraq can offer some things to US companies who might participate in an upcoming Baghdad International Fair perhaps in trade for some pointers as to how to woo the WTO powers-to-be in allowing Iraq entry into the organization soon....
Iraq knows full well that such entry would be very beneficial to their economic recovery on the international level....ascension to the WTO is seen as serious business.....so it feels like some serious backscratching going on here between the two groups.
~~~
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The Big Call for Tuesday July 7, 7/07/15 is at 9PM ET - NEW NUMBERS
The Big Call for Tuesday July 7, 2015 7/07/15 AT 9 PM EST.
We will discuss the latest about the economic reform occurring throughout the world... and talk about how to be ready for our exchange. Join us tonight to be part of the discussion.
NEW PHONE NUMBERS
Listen Only line: 641-715-3293
Q&A Line: 641-715-3292
No access code is needed for either line.
Playback number: (559)726-1159 access code 123456#
Link will be given to Recaps following the call.
Thank you for posting. We appreciate Dinar Recaps for the wonderful effort they make.
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ZOCHOWSKI » July 7th, 2015, 6:06 am * MORNING ALL
BEEN WATCHING THIS CONTINUE WITH FRUSTRATION AND APPREHENSION........
HARD TO BELIEVE THE 7TH MONTH IS HERE AND WITHIN THE LAST 48 HOURS I HAVE SEEN F26 MENTION "QUARTERS" AND MENTION "SEPTEMBER"
HAVE ALSO SEEN "AGGIEDAD77" MENTION "CALENDARS" IN HIS LATEST POSTING ON CURRENT EVENTS EARLIER IN THIS THREAD..............LOL LOL, YOU MIGHT BE RIGHT AND YET EVERYONE IS FOCUSED ON OUR CALENDAR.......
SOME FACTS:
.....
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Thank You Catalyst for sending to Recaps
Guys - I subscribe to an e-mail service for a Global Forcasting group based in Austin. Occasionally I receive something dealing with foreign affairs that may be 'event critical' to the region(s) involved in the speculative venture. Since there's a ton of stuff going around about Greece in the Dinar Community, I thought I'd share this with you...from: "Catalyst"
The Greek Vote and the EU Miscalculation
By George Friedman
In a result that should surprise no one, the Greeks voted to reject European demands for additional austerity measures as the price for providing funds to allow Greek banks to operate. There are three reasons this should have been no surprise.
First, the ruling Coalition of the Radical Left, or Syriza party, is ruling because it has an understanding of the Greek mood.
Second, the constant scorn and contempt that the European leadership heaped on the prime minister and finance minister convinced the Greeks not only that the scorn was meant for them as well but also that anyone so despised by the European leadership wasn't all bad.
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GCRProspertity:
Greece - The One Biggest Lie You Are Being Told By The Media
Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can't pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right?
Except that it is a big fat lie ... not only about Greece, but about other European countries such as Spain, Portugal, Italy and Ireland who are all experiencing various degrees of austerity. It was also the same big, fat lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades.
Greece did not fail on its own.
It was made to fail.
....
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Morning News Comments 07/07/2015
Government banking sector seeks to open up to the world
[tlm724] open horizons of banking cooperation with Arab and international banks, will contribute to increasing the volume of external banking transactions through the opening credits documentary, and the issuance of letters of guarantee and hold foreign investment and remittances operations. "
[tlm724] open horizons !
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The below posts were in our 10am newsletter
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PART 2
Ok ... now let's talk about LOANS.
Remember "Whimpy" who used to borrow money from Popeye for a hamburger?
Well ... there are a lot of countries and institutions that are lending money to Iraq.
Example ... the US House of Representatives are constantly wanting to know how much money they can give Iraq. Look it up. The IMF ... constantly trying to give them billions.
The World Bank gives Iraq money. Countries that are broke are offering loans to Iraq. (LOL) .. it's called posturing.
They can't really give them money ... but the gesture sounds/looks nice. Why?
Because they want to wipe their slates clean too. They want to make money with Iraq too.
....
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FrostyTheSnowman » July 7th, 2015, 2:09 am
HIGHLIGHTS FROM KTFA MONDAY NIGHT CC 6 JULY 2015
*** 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!!! ***
PLAYBACK LINK:
https://www.freeconferencecallhd.com/playback/?n=OTQCw/jsIgQ
Call Time: 126 minutes long
Greetings family! Welcome to another one of your conference calls!
Today is the 6th of July ... and tomorrow is an important day, isn't it? We'll talk about that.
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Millionday News 7/6/15 Part 2 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Papatom: well the paring of the currency necessitates it show on the world market.....so I thought that was pretty big.... but this cel crisis.....that is pretty bigger
Papatom: they are actually ASKING another group to tell them WHEN?????
Millionday: HUGE -- I AGREE -- THIS IS GREAT --
Millionday: TO GIVE RECOMMENDATIONS
Millionday: WHOOPOW
Millionday: THIS IS GREAT NEWS -- DONT MISS ANY NEWS
~~~
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The BRICS Butterfly Effect and Bretton-Woods Reforms
Special to The BRICS Post
July 6, 2015, 7:59 am
An idea, which commenced, as a Goldman Sachs research project may soon become one of the most widely followed case studies in chaos theory.
To truly understand the growth of the BRICS Bloc, we must focus on the multiple exogenous and endogenous political and economic factors, which have contributed to the trend.
When Goldman Sachs pitched a report way back in 2001 and 2005 on the growth prospects of five countries, whose rapidly changing political and economic order was ushering in high economic growth, it may not have envisaged a scenario where the existing global financial hegemony would come under an existential threat in 2015.
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Millionday News 7/6/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: Hashemi Iraq aims to develop and promote external economic and trade relations through openness to the Arab and foreign banks what would improve the performance banking and government developed especially after the long years of isolation due to sanctions
Atah.ovi this regard said economic researcher verse just to move sector banks Government towards opening up to foreign banks, Arab and foreign, comes as a natural result of the liberation of Iraq from Chapter VII of the UN Charter restrictions,
especially in regards to the movement of funds and the opening of branches of Iraqi banks abroad so
Millionday: NOTE -- IRAQ IS ANNOUNCING THE OPENING OF INTERNATIONAL BANKING LAUNCH TO THE GLOBE AND THEIR READINESS --
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"WHAT GOES UP MUST COME DOWN, SPINNIN' WHEEL GOT TO GO ROUND. TALKIN' 'BOUT YOUR TROUBLES IT'S A CRYIN' SIN, RIDE A PAINTED PONY LET THE SPINNIN' WHEEL SPIN."
OVER THE WEEKEND THE WORLDS SECOND LARGEST STOCK MARKET, THE CHINESE SHANGHI IS TAKING UNPRECEDENTED MEASURES TO CURB THE SELLING ROUT THAT HAS DROPPED THE INDEX 30% IN JUST 3 WEEKS!
THE SPEED OF THIS DROP IS THE FASTEST SEEN SINCE 1992!
CHINAS STATE BACKED MARGIN FINANCE COMPANY WILL HAVE A DIRECT LINE INTO THE LIQUIDITY OF THE CENTRAL BANK. ALSO CHINAS' TOP BROKERAGES HAVE PLEDGED TO BUY 19.3 BILLION IN SHARES TO HELP PLUG THE DAM ON THE SELLING! IT REMAINS TO BE SEEN HOW THAT WILL GO.
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Post From KTFA By ThunderHawk » July 6th, 2015,
Backdoc Alert
U.N. Debt Expert Says Greece Can't Take More Austerity
Greece cannot take any more austerity as it will cause more social unrest and lessen the chance of an economic recovery, a United Nations debt expert said on Monday.
Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.
~~~
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10 Consequences of Greece's 'No'
Mohamed El-Erian
Chief Economic Advisor, Allianz; Chair of President's Global Development Council
By heeding their government's advice and voting "No" in the referendum on Sunday, Greek citizens sent an unambiguous message. Much like the fictional Americans portrayed in the movie "Network" who threw open their windows and shouted out, "I'm as mad as *** and I'm not going to take this anymore," the Greeks are demanding that the rest of Europe acknowledge their distress.
~~~
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Post From KTFA by aggiedad77 » July 6th, 2015 Comments From Aggidad below article
walkongstick wrote on July 6th, 2015, 4:33 pm: DS.........
Keywords: abolition of additives on the budget law strengthens the independence of the central bank and can diversify monetary tools
Author: ASJ Editor: BK, BS 6/7/2015 10:38 p.m.
Long-Presse / Baghdad Counting the Iraqi Central Bank, on Monday, that the acceptance of the Federal Court appeal lodged by the budget law, promotes independence and allows it to diversify its monetary policy and flexible orientation tools, noting that sales of the dollar aims to provide the Ministry of Finance dinar you need to finance the budget,
and to achieve stability of exchange rates General and prices, and to ensure that bending the citizen and the economy, investment and banditry on the "greedy and malicious."
~~~
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Post From Wealthwatch.world Chat Room 7-6-15 Part 2 of 2
Member News Discussion
chattels: ATHENS - Greeks have voted overwhelmingly to reject the bailout put forward by international creditors, and following Sunday's referendum, campaigners filled the main square in Athens to celebrate. Greek Prime Minister Alexis Tsipras said Greeks had voted for a "Europe of solidarity and democracy,"
but EU officials have warned that the result of the referendum could push Greece towards an exit from the eurozone, and that future negations would be tough. Some form of deal is needed urgently, as Greek banks are likely to run out of money without emergency loans. Tsipras remained upbeat though.
"Today, considering last week's very difficult circumstances, you made a very brave choice.
~~~
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The below posts were in our 10pm newsletter
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Post From Wealthwatch.world Chat Room 7-6-15
chattels: HRW exposes shocking details of ISIS attack on Kobani By Arina Moradi
chattels: rudaw.net/english/kurdist...
http://rudaw.net/english/kurdistan/060720152
chattels: Peshmerga stop 600-strong ISIS attack south of Kirkuk By RUDAW
chattels: rudaw.net/english/kurdist...
http://rudaw.net/english/kurdistan/060720153
KiwiDoc: '@chattels' very good, been reading your posts and the articles on the Kurds and Turkey all very dynamic and cause for thought
~~~
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Post From KTFA by aggiedad77 » July 6th, 2015 Comments From Aggidad below article
walkongstick wrote on July 6th, 2015, 4:33 pm: DS.........
Keywords: abolition of additives on the budget law strengthens the independence of the central bank and can diversify monetary tools
Author: ASJ Editor: BK, BS 6/7/2015 10:38 p.m.
Long-Presse / Baghdad Counting the Iraqi Central Bank, on Monday, that the acceptance of the Federal Court appeal lodged by the budget law, promotes independence and allows it to diversify its monetary policy and flexible orientation tools, noting that sales of the dollar aims to provide the Ministry of Finance dinar you need to finance the budget,
and to achieve stability of exchange rates General and prices, and to ensure that bending the citizen and the economy, investment and banditry on the "greedy and malicious."
~~~
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Post From Wealthwatch.world Chat Room 7-6-15 Part 2 of 2
Member News Discussion
chattels: ATHENS - Greeks have voted overwhelmingly to reject the bailout put forward by international creditors, and following Sunday's referendum, campaigners filled the main square in Athens to celebrate. Greek Prime Minister Alexis Tsipras said Greeks had voted for a "Europe of solidarity and democracy,"
but EU officials have warned that the result of the referendum could push Greece towards an exit from the eurozone, and that future negations would be tough. Some form of deal is needed urgently, as Greek banks are likely to run out of money without emergency loans. Tsipras remained upbeat though.
"Today, considering last week's very difficult circumstances, you made a very brave choice.
~~~
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Russia, China Central Banks To Sign Agreement On Yuan, Ruble Use
July 6, 2015,
Russia and China on Monday pledged to settle more bilateral trade in ruble and yuan with central banks of the two countries set to sign a financial agreement, reducing the role of the dollar in international trade.
The 6th China-Russia Finance Ministers dialogue is being held in Moscow.
Russian Finance Minister Anton Siluanov and his Chinese counterpart Lou Jiwei discussed bilateral cooperation as well as the upcoming BRICS Summit on Monday.
"We have actually reached a final stage of preparing this document. I believe we'll be able to sign it in the coming days. The memorandum deals with such issues as making settlements in national currencies, stimulating access to internal markets and so on," said Siluanov.
~~~
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Post From KTFA By aggiedad77 » Monday News Summaries and Commentaries
We sure had a bunch of good news articles yesterday to sift through, sorry that family time kept me away most of the day and couldn't put anything together for everyone.
Today is another day and looks good as well....the Federal Court is kicking the Finance Committee where the good Lord split you today for their antics with the budget back in January.....
you can't overstep your bounds....but the Committee is licking its wounds and trying to save face.....bonds are hot topics today too it would seem, more on those as we get into the news.
~~~
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Millionday Roundtable 7/6/15 Part 2 of 2
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: NOTE -- THE ENVIRONMENT FOR ECONOMIC DEVELOPMENT REQUIRES THE INVESTMENT --SERIOUS ACTION BY THE PUBLIC SECTOR AND PRIVATE AS STATED HERE----
IT IS THE ATTRACTION -- GREAT INVESTMENT LAWS AND GAIN POTENTIAL
Millionday: NOTE -- THE HUGE HOUSING BEING BUILT HAS BEEN REPORTED TO BE DONE IN MONTHS -- THOUSANDS OF NEW HOUSING UNITS
~~~
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Millionday Roundtable 7/6/15 Part 1 of 2
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: Hussein al-Tamimi Tgb stressed expert in the agricultural sector d. Abdul-Hussein al-Hakim, the importance of economic diversification, which represents the natural way to sustainable development, noting that the agricultural sector one of the most important sectors with a strong foundation helps to economic stability in the event of fluctuations in the global economy, such as lower oil prices in the global markets.
Millionday: NOTE -- IT WAS MADE CLEAR A LONG TIME AGO THAT THE GDP IN IRAQ NEEDED DIVERSITY -- THEY HAVE DONE WELL
~~~
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