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11am August 29th, 2015

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Table of Contents

Simon Black - Sovereign Man
Notes From The Field

Spoleto, Italy  August 28, 2015

Charles Dickens opened his 1859 masterpiece  A Tale of Two Cities with one of the most famous introductions in literary history:

"It was the best of times, it was the worst of times... "

This line is notoriously incomprehensible to high school students around the world.

But as paradoxical as it sounds, it truly hits the nail on the head in describing social inequality.
~~~

  
  
TNT:

luvwulfs :
CNN reporting 7,000 US companies have lost $1.2 billion in last 3 years due to hackers. Be careful folks

EF:   Well the market ended in red just like we suspected look for Sunday night on Forex and other interesting thing next week should be a wild and bumpy ride

Isa52bc:  100% of all RV's since 1985 have occurred in April or September

Red:   If it walks like a duck if it quacks like a duck if it is shaped like a duck folks I think it is a duck, we have a duck on our hand folks

Sarek:   I think it is super huge that Tony shared about not making any travel plans right now....I think that's the first time I've ever heard him recommend that
....

  
  
Round Table Chat w/BGG (mid-day) 8-28-15

 Welcome to dinarupdates.com for Round Table with BGG!!

BGG: Reforms launched by al-Abadi today a clear signal of the seriousness of reforms

BGG: BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - said MP from the Civic Democratic Alliance Sunrise Alabegi that the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him, and gave a positive signal to the protesters in seriousness in reform and to move the process of anti-corruption and the corrupt who have looted the bounties of Iraq...
~~~

  
KTFA:

RE:     http://www.dinarrecaps.com/our-blog/frank26-at-ktfa-a-hcl-date-should-interest-you

Toyvp:   So while looking through this menagerie of words I can't help but think that the AUTHOR is trying to tell us something here just can't quite put my finger on it though anybody want to put in there 2 dinars worth?

SteveP99:   IMO...I believe from all articles...plus what the "BLUE" man...Frank is saying...IMO...the "EVENT" is literally upon us...my speculation is sometime around 9/1...IMO!

Winlady:   IMO   You are right!

Zerb:  Franky Franky the lower black gold goes...THE HIGHER THE IQD MUST ROLL!
....

  
Post From Wealthwatch.world Chat Room 8-28-15
Wealthwatch Afternoon Chat  8-28-15 Part 2 of 2

Tootsie: protesters demanding Abadi submit his resignation from the "call" and the achievement of social justice 08/28/2015 17:48 : Long-Presse / Wasit Thousands of Wasit province, on Friday, in front of the governorate building, demanding to fight corruption and redress social groups, as called for Prime Minister Haider al-Abadi to resign from the Dawa Party, confirmed that they continue their demonstration that there were not reforms fact "concrete"To be continued ... / / 

THE REST OF THE STORY Thousands of Wasit province, on Friday, in front of the governorate building, demanding to fight corruption and redress social groups, as called for Prime Minister Haider al-Abadi to resign from the Dawa Party, confirmed that they continue their demonstration that there were not real reforms "concrete". 
~~~

  
Post From Wealthwatch.world Chat Room 8-28-15
Wealthwatch Afternoon Chat  8-28-15 Part 1 of 2

Donnie: so this vote didn't happen yesterday....

Donnie: Third: The vote on the draft law of the National Guard. (Security and Defense Committee, the Legal Committee), (Article 22).

Donnie: why am I not surprised :(

Donnie: at least they voted on the "political parties law"
~~~

 
Reader Thoughts On  "Us Dollar Exchange Rate Anchors "


Daneackerman    Excellent essay JC. Thank you. I feel a sense of the first mobilization for a big project. There is a similar "micro level" feel at the point that "no stopping now" is realized.

I'm sure the worst has been planned for so I'm hoping for the best and that all the unforeseen circumstances are handled smoothly.

Tony Graupp   Greetings JC.  Love reading your posts, and think you are mostly 'spot on'....  There is one 'outlier' you just maybe overlooking....

On ZeroHedge, they noted that China may be dumping thier US Treasuries to manage the Yuan peg... Is it possible, that by the time  the IMF finally decides to accept the Yuan, there will be few if any Treasuries held by China ????  Just a thought ???  Tony
~~~

  
  
KTFA:

Frank26:
   KTFA FAMILY ............ LOOK AT YOUR NOTES OR READ THIS: (See Article Below)

The 2015 Budget contains the HCL and there is a Rider to activate it when SECURITY is SECURED.

Today A is again with THE CITIZENS in the streets.

AND !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Those that formulated the Rider are NOW asking for a ........... DATE !!!..... To use it.

Hmmm.

An HCL DATE............ Now that should interest You Family.
....

The below posts were in our 6pm newsletter

 
  
Post Emailed To Dinar Recaps



TrinityeXchange:
 What's with all these bonds??

Peter Eerdmans is an economic prophet, "As interest in emerging market debt grows, bond markets are developing in size, depth and liquidity. 

Some countries such as Lebanon, Iraq, Tunisia, Panama and Guatemala only issue dollar government bonds but Mr Eerdmans expect this to change in the next decade to include issues in local currencies."   (read more: Interest in local currency bonds rise)      

TrinityeXchange: Hello again my friends!  There is so much talk in the news surrounding bond issuance that I thought I would take an opportunity to elaborate and give my short take on what it is I believe the GOI is doing.  
~~~

  
Post From Wealthwatch.world Chat Room 8-28-15
Wealthwatch Early Morning Chat  8-28-15  Part 2 of 2


tourman: I have bet a few hundred hard earned U.S.D. that my financial future would be secured. Per counselor Chattels "we shall see eh?"

chattels: '@tourman' :)

chattels: " Developments over the past year, including the ascendance of current Iraqi Prime Minister Haider al-Abadi, also divulge another key aspect of Iranian influence in Iraq - the impact of the rise of moderates in Tehran."

chattels: Iraqi sources say the Shiite political leadership in Baghdad is divided over who should head the National Iraqi Alliance (NIA), the coalition that brings together the main Shiite Islamist factions. While the State of Law Coalition is pushing for leading Dawa Party member Ali al-Adib to take the helm, Islamic Supreme Council of Iraq (ISCI) leader Ammar al-Hakim is reportedly putting up a fight. 
~~~

  
Post From Wealthwatch.world Chat Room 8-28-15
Wealthwatch Early Morning Chat  8-28-15  Part 1 of 2

Doug_W: GM Gang

chattels: ERBIL, Kurdistan Region- International oil companies exporting from the Kurdistan region will receive the first installment of regular payments in September the Ministry of Natural Resources said Thursday as the government announced plans to boost exports next year.

chattels: rudaw.net/english/busines...   http://rudaw.net/english/business/27082015

chattels: More than 20 companies have contracts with the KRG to explore for oil in the region, including America's Chevron, Russian Gazprom and British Sterling Energy.
~~~

  
aggiedad77 » August 28th, 2015, 9:40 am 

Friday News Summaries and Commentaries

Well it is another Friday and what will be in store for us on this day......the demonstrators are still working in Iraq....the religious cleric, the supreme Ayatollah is being heard from again.....so I'm assuming he's been whispering in PM Abadi's ear again.....look for some new reforms today I would imagine....

The Green Zone reopens on Abadi's word.....it's going to be a good day today.....unless your name is Maliki or attached to Maliki in any shape or form, then you are likely to wake up poorer today than you thought....those ill-gotten gains that sit in foreign bank accounts.....well let's just say the balance may not be as big as it was when you went to sleep.....if the bank cooperates with requests from the Iraqi government.
....

  
  
Article Begins:

IRAQI DINAR COMPETE ARAB CURRENCIES IN THE EXCHANGE RATE

by 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, the Iraqi Vdinar equivalent to $ 0.0009 while the equivalent lira in Lebanon (for example) .00066, so the US dollar equivalent of 1146 dinars in Iraq (except for commission of the Central Bank)

In Lebanon, the US dollar equivalent of 1,500 pounds, and because
 Lebanon is a country in non-oil is not the right comparison between the two, it is justice that compare the Iraq oil-producing Arab countries regarding exchange rates, In Kuwait, the equivalent of the Kuwaiti dinar to $ 3.42 (Kuwaiti dinar equivalent of nearly 5,000 Iraqi dinars) as equivalent to the Bahraini dinar to $ 2.66 in the Sultanate of Oman equivalent riyal to $ 2.6, while in Jordan, the dinar equivalent of $ 1.41, and in the Libya Vdinar have the equivalent of $ 0.73.

The below posts were in our 10am newsletter
(Thank you George for emailing this to Dinar Recaps.)

UU6733 - "Corruption Reforms VS Currency Reform" by Mnt Goat

Hello Everyone,

WOW ! Just soooo much news from Iraq again. I can hardly keep up with it.

We are now seeing these reform laws we have waited for so long. These past couple weeks have been amazing and, as I told you, the next couple weeks could be even more amazing, if that could be possible.

Tic Toc Dr Abadi, Mid September is almost here. 

So today I sit high on the perch of a large stone boulder, me feet dangling with my computer on my lap. I write this heartfelt news as I truly see the light at the end of the tunnel in the RV saga. I have written hundreds of these news letters in te past  and I know now my days are numbered and I will not be with you much longer as I know the purpose of my news letters will end shortly. 

I say this today since, for the first time, I see the progress I have been told SHOULD and MUST happen to get us to the completion of the currency reforms we all wait for and desire. We know this will get us all to the bank. I have been trying to explain this plan to all you dinarians over the last many months and now you see truly what mnt goat has been telling you.


 

TNT:

Iko Ward:
  Forex polled this AM at 1119.4 for Dinar and 22,107.00 for Dong, barely a hiccup. Markets look to be doing a little end of week sell-off except China which picked up 4.82% which these days doesn't even count. Crude at 42.28, Gold at 1125. ISX closed. No bank stories yet.   The waiting game continues

[LAS] Bruce on The Big Call: (Thursday Night)   in really good shape; certain things accomplished today; stock market adjustments good; significant ending today in the markets; go any time since markets stabilized; strengthening of the dollar; national meetings significant; accounts have been funded;

Everything appears to be in place; timing excellent from now til the 1st; things are coming to a close; timing issue; rates very very good; don't know the notification process; thought this would have been a celebration call tonight but maybe next call on Tuesday.
....


 

Post From Wealthwatch.world Chat Room 8-27-15
Wealthwatch Late Night Chat  8-27-15

chattels: House of Representatives vote on the law of parties and finish reading the freedom of expression law 08/27/2015 Voice of the House of Representatives Sixteen Minutes normal, which was held under the chairmanship of Dr. Salim al-Jubouri,  President of the Council and in the presence of 269 deputies on Thursday 27/8/2015, the political parties law, in addition to the termination of the reading of the two bills, notably the second reading of the draft freedom of expression and assembly and peaceful protest law.

chattels: ar.parliament.iq/LiveWebs...

http://ar.parliament.iq/LiveWebsites/Arabic/Container.aspx?PressReleasesID=25415

chattels: '@Donnie' What about the graph you sent to me makes sense to you ?
chattels: the amounts in circulation seems ridiculously low, eh ?
chattels: am i reading it wrong ?
~~~


 

MID-WEEK BY ZAP, from "The Office of Poofness" 

Date: Fri, 28 Aug 2015 02:19:47 -0400 

HI ALL

I APOLOGIZE FOR NOT REPORTING IN YESTERDAY, AND THE LATENESS TODAY. HEALTH PROBLEMS EVERYWHERE, AND WITH ALL THE WORK IT HAS BEEN A DIFFICULT TIME.

ALL I CAN REPORT IS THAT THE PROJECT FUNDINGS ARE IN IMMINENT MODE, AND ALREADY MAJOR MOVES HAVE BEEN ACCOMPLISHED TO GET THE FUNDS SHAKEN LOOSE AND SENT OVER. 

IT WILL NOT BE LONG NOW, AND FROM ALL ACCOUNTS, I THINK WE WILL BE ABLE TO GET STARTED IN THE FIRST WEEKS OF SEPTEMBER.
~~~


 

The Big Call - Recording Link and Replay #'s for Thursday Night 08-27-15

The Big Call - Recording Link and Replay #'s for Thursday Night 08-27-15

RECORDING LINK

Playback number: (605) 562-3198
access code 123456#
 
92 Minutes

The Big Call
 

Post From Wealthwatch.world Chat Room 8-27-15
Wealthwatch Evening Chat  8-27-15

 chattels: BAGHDAD, Iraq - Three people were killed and at least 13 injured in twin bomb attacks in Baghdad on Thursday, an Iraqi security source said. 

"A bomb went off in the town of Taji in northern Baghdad, killing one and wounding eight others," a security official in the interior ministry told Rudaw. 

He said that another bomb in the Huriya neighborhood in the northwestern part of Baghdad killed two people and wounded five others. No group has immediately claimed responsibility for Thursday attacks. The Iraqi capital has been engulfed in violence and terrorist attacks since the 2003 US-led invasion that toppled Saddam Hussein.
~~~