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Millionday News 8/25/15
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: Islamic banks have become in light of the rapid scientific developments urgent need for all communities in which they want to activate its economy and build a real economy and commodity integrated and not rely on interest as a pillar of the traditional economy, at a time sing the country in which the process of economic reform requires the concerted efforts to achieve the goal .
Millionday: NOTE -- REMEMBER THE ISLAMIC BANKING LAWS BEING PUT INTO PLACE A LONG TIME AGO -- THIS IS ALSO INTERNATIONAL COMPLIANCE
Millionday: Financial and banking expert d. Rashid al-Shammari said Sadiq Islamic banks in Iraq, the size of their capital amounting to more than 2 trillion Iraqi dinars able to achieve the growth and development of the different sectors (agricultural - industrial - service) through the supply of small and medium-sized and micro enterprises with funding (short or medium term) to activate the activities various economic and provide products based on local resources, whether raw materials or human resources.
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The Best Way to Save Money and Build Wealth
My worried clients had needs for the future, but no idea how to get there. I looked them in the eye and told them how they'd get to where they wanted - through a sound discipline of saving money automatically, year after year, religiously.
We set up monthly direct transfers from their bank account to investments, occurring right after they got paid every month. Their paycheck went into a completely separate bank from the one used to pay bills. This assured that the old concept of "pay yourself first" happened.
We also tackled debt with the same relentless system. They are very thankful.
Unfortunately, a lot of people don't adopt such a strict approach. And that's to their detriment. Most folks want the result, but don't know what is involved to attain it.
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Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Late Night Chat 8-25-15
sczin11: CAN ANYONE TRANSLATE THIS PLEASE AND BRING IT INTO CHAT... translate.googleuserconte...
LINK
newbieDA: I need the original link
sczin11: That is
newbieDA: hmm k, let me see what I can do
newbieDA: Parliamentary Integrity: the judiciary will move many files include al-Maliki and former ministers Parliamentary Integrity: the judiciary will move many files include al-Maliki and former ministers Parliamentary Integrity: the judiciary will move many files include al-Maliki and former ministers Section: News August 25, 2015 21:42 Readers Number: 4
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TNT:
Tishwash:
Iraqi dinar compete Arab currencies in the exchange rate
Basil Abbas Khudair
Tuesday
0.25 August 0.2015
After the application of monetary policy to maintain the exchange rate of the Iraqi dinar against the US dollar prices, which began since 2004, and so today and led by the Central Bank of Iraq, and defended by experts International Sinan Shabib (article from the post of Governor of the Bank) and the appearance of Mohammed Saleh (Economic Adviser currently the Council of Ministers), and cost Iraq more than $ 300 billion,
has become the Iraqi currency (the dinar) Currency compete in many countries, including the Lebanese pound and the Somali shilling and condoms Mauritanian lunar franc (Comoros) and the Yemeni rial, because the exchange rate against the dollar, we have the best of these currencies,
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TNT:
Already Blessed:
THINGS LOOK AWESOME....MANY IN DIRE NEED....BUT IT STILL LOOKS AWESOME....PLEASE KEEP YOUR SPIRITS UP....
Dale444:
Bruce on The Big Call: Thursday night looks good; did anyone think it odd that the markets collapsed; futures up; dropped, dropped down; interesting sell order that went in at end of day;
Christmas is coming; banks have positive info; very positive for this week.
Bruce said things are still looking very positive for this week, hoping to have a celebration call this week, and there has been some bank information he feels very good about, but he cannot say more.....and he is done with intel for the night
Martha: Hi everyone just came in to say I listened to Bruce and we are still fine and I personal feel the market needs one more cycle
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The below posts were in our 10pm newsletter
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aggiedad77 » August 25th, 2015, 8:44 pm
Dessert notes served up after the Bible Study tonight....
Frank 1. Team files are closed/shut......no want to go any deeper at this moment
Frank 2. The HCL is in the budget....as has been stated in the past....therefore no need to have it read in Parliament...IOO....it is a part of the "long line"......also IOO.....the laws that are being worked in Parliament, at least the major laws will be....IOO...the trigger for the "long line"
Frank 3. IOO Maliki....what is Maliki up to....Frank feels he's made a deal.....(Aggiedad77
-I asked you mean in Iran?)....
Frank26: well yes but that was intended.....he feels in his opinion that Maliki has made a deal in Iraq to stay out of the courts, to stay out of prison or a noose.....he also hopes this "feeling" he has isn't going to come true.....
Frank: Maliki needs to be tried before the citizens of Iraq.....he needs to be held accountable for any and all atrocities that he is complicit to......
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Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Afternoon OOTW Chat 8-25-15 Part 2 of 2
OOTW: THE ABOVE PRESS RELEASE FROM THE MINISTRY OF PLANNING IS DISCUSSING DETERMINING THE POPULATION IN ORDER TO ALLOCATE WATER,
BUT NOT ONLY THAT, THEY'RE SETTING DETERMINERS FOR FUTURE ALLOCATIONS FOR SERVICES AND IT SEEMS PAYMENTS -
SO THE BUREAU OF STATISTICS IS NEEDED IN ORDER TO GAUGE HOW MANY PEOPLE ARE IN THE PROVINCES - THIS TIES IN WITH THE SLOW ASSIGNMENT OF POWERS TO THE PROVINCES
OOTW: THANKS TX BRAND
OOTW: HERE'S MORE ON THIS ARTICLE/ THE TRANSLATION, FROM TXBRAND TYVM!
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Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Afternoon OOTW Chat 8-25-15 Part 1 of 2
OOTW: HI EVERYONE
TODAY, THE PARLIAMENT READ WHAT I CONSIDER IMPORTANT LAWS - ESP THE "Imports Municipalities Law"
I HELD A CHAT TODAY DISCUSSING THE ACTIONS OF THE PARLIAMENT, AS WELL AS THE SUPREME JUDICIARY'S PITTANCE OF AN OFFERING TO ADDRESS CORRUPTION -
PLEASE READ THE CHAT TO READ MORE - IMHO, THE JUDICIARY IS ABOUT TO UNDERGO A MAJOR RESTRUCTURING. THE PEOPLE AND THE GOI ARE FED UP.
THE JUDICIARY IS AT THE HEAD OF THE PROBLEMS IN IRAQ RE EVERYTHING, NOT JUST "JUSTICE" BUT ALSO ECONOMIC REFORM.
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The below posts were in our 6pm newsletter
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Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Late Morning Chat 8-25-15
newbieDA: The central bank lends to banks 23 trillion dinars to support small and medium enterprises 08/25/2015 kjufswip%5Bn.jpg BAGHDAD / JD / .. announced Iraqi Economists Association, for the central bank to grant financial loans to 23 banks waged an amount trillion dinars for the purpose of supporting small and medium enterprises in the country.
He said Vice President of the Assembly on behalf of Jamil told / JD /: "The central bank allocated trillion dinars for the purpose of supporting small and medium enterprises in the country, "noting that" this amount will be given for 23 banks waged a loan Mali ".
He added that" wishing to receive these loans and granted to the industrialists are bringing in feasibility studies for projects, guarantees and go to the central bank to get the amount as banks provider of loans to them.
"He noted that" this project will support the private industrial sector and reduce the unemployment rate and also reduce the imports of goods consumed "./ ended / 8 /
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TNT:
Sallypuff :
The market can probably hold its own if world conditions don't materially change, and as long as there isn't an interest rate increase. I don't think there can be any more QE. The QE and zero interest have artificially propped up the market.
jimbake : Sally...yes, no more qe.... imo...the "qe" will come from the liquidity the GCR will provide this time...from the bottom instead of the top...from the demand side versus the supply side etc.
Just my take, but i believe "they" want to test how the markets respond to disruptions...have they got good control to rein in collateral damage which may result from gcr...
So in a way, the market has to be considered
I think we have tested and tested enough already...so my vote is "light this candle"! :)
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Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Morning Chat 8-25-15
nobody: the dinar is pegged to the dollar, it moves only when the dollar moves. any forex chart watching is a waste of time.
nobody: we need the CBI to toss the peg and let the market decide the correct rate for exchange
Doug_W: GM Gang
chattels: Baghdad (AIN) -The Minister of Electricity, Qasim al-Fahdawi rejected to attend the session of parliament on Tuesday, which is intended to question him about the problem of the electricity. chattels: en.alliraqnews.com/module...
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Backdoc
» August 25th, 2015,
ONCE THE DOLLAR CRASHES, THE NEW GLOBAL REALITY WILL CHANGE THE RELATIONSHIP OF ALL CURRENCIES !!
THESE DEVALUATION POLICIES USED PRESENTLY WILL END AS WELL ! IMO
ThunderHawk :
VIETNAM: How much value will the dong lose this year?
Some international institutions have predicted that the dong will depreciate by 5% this year, while economists have urged the government to devalue the currency by more than 10%.
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TNT:
Iko Ward:
So Forex appears to be in a holding pattern between 1113 and 1120. China also holding steady (if you can call it that), letting their correction continue down another 7%. ISX lost 1% last night while the Saudis climbed back up matching Europe which is quite green this AM. US futures look very green. Somebody got out the watering can last night.
Iko Ward:
And Gold is down with Crude climbing. What's not to like?
JSSTripler: China stocks plummet again as Beijing sits on sidelines..... Major Chinese stock indexes nosedived more than 7 percent, hitting their lowest levels since December, following their more than 8 percent plunge on Monday that sent shockwaves through global financial markets. [MKTS/GLOB]
Martha: We as Dinarian have become too smart (ha ha) and know exactly what is going on and understand what was needed to happen.... someday the world will wake up... the us financial people are totally confused.their are a few that sort of allude to the GCR
but most call it "currency wars" I would call it labor pains for the GCR
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Backdoc: August 25th, 2015, 1:25 am
THANKS TO THUNDERHAWK FOR HIS HUMOR AND PICS!
DEFLATION SEEKS VALUE
THE REPRICING OF MARKETS WORLD WIDE ARE NOW UNDERWAY.
DURING THIS PROCESS MANY WILL THINK THE SELL OFF IS DONE BUT TO THEIR SURPRISE A NASTY PLUNGE WILL CONCLUDE THE FINALE AROUND MID SEPTEMBER ALONG WITH THE IRAN ANNOUNCEMENT AND POTENTIAL RATE HIKE FROM THE FED.
WITH ZEROS GOING TO HEROS, IRAQI BONDS WILL BE SOLD!
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