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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

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    Carol
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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Thu Jan 14, 2016 11:11 am

    INTERNATIONAL FINANCIAL PROGRESS REPORT

    China

    Yuan replaced USD as global reserve currency.
    Got IMF code reforms passed by US congress.
    Yuan became part of IMF basket of currencies.
    Created and implemented CIPS technology which ultimately replaces SWIFT system.
    Got 210+ nations to sign up for a gold backed monetary system.
    Established Yuan swap hubs on every continent, in dozens of countries.
    Created and implemented AIIB (Asian International Bank) replacing the World Bank.
    Secured long term oil and gas redundancy with nations of Iran, Russia, Iraq, Saudi Arabia and Vietnam.
    Secured long term gold and mineral redundancy with nations of Zimbabwe, Vietnam, Indonesia, and Afghanistan.
    Quietly rehydrating the world via AIIB loans in Beijing this week (January 14-16th).


    Russia

    Exerted global military leadership and technological superiority by entering the Middle East conflict in Syria
    Dismantled ISIS operations in less than 1/4th a year.
    Closed a 30 year, 500 billion dollar mega oil deal with China, securing national operational expenses for 50 years.
    Absorbed sacred religious territory of a Crimea back into Russian Federation. [Ukrainians do no consider that an accomplishment. Most likely  it was done by the vote of the people.]
    Fended off western sanction attacks against rubble, economy and corporations.
    Neutralized and isolated Ukraine militarily and economically (even bankrupted Kiev).
    Neutralized and isolated Israel military.
    Neutralized and isolated Turkey military.
    Neutralized and isolated ISIS military (with help from Iran, US, China).
    Neutralized and isolated US Navy from both the Black & South China Seas.
    Minimized illegal drug trafficking with US, China, Pakistan and Iran forces.
    Cut head off of ISIS militarily and economically via interruption of oil pipeline out of Syria.
    Singlehandedly reversed radical Islam's callphilate momentum in the Middle East.
    Threw out all Rothschild bankers from Russia.
    Threw out GMO / Monsanto


    Iran

    Achieved nuclear truce with all 5 major nuclear powers.
    Western sanctions were lifted. [Not quite yet]
    International investment again poring into the country for infrastructure projects.
    Iranian Rial revaluing reinstated on international trading markets.   [Not quite yet]
    Oil allowed to be sold and shipped globally, including to USA.  [Not quite yet]

    Iraq

    Completed international economic reforms per the IMF rules.
    Regained military presence in all major cities including Mosul.
    Pushed back Daash towards Syrian and Turkish boarders.
    Receiving international corporate investment partners openly.
    Partnered with Chinese Yuan and BRICS nations economically.

    Partnered with Iran and US militarily.
    Selling oil worldwide again.
    Settled hydro carbon dispute with Northern Iraq Kurdish.

    Syria

    Partnered with Russia militarily after 4 year war wit ISIS, Saudi Arabia, Turkey, Israeli and secrete US Pentagon.
    Took back all but two major cities from ISIS.
    Eliminated stolen oil pipeline across Turkish boarder.
    Forced US to diplomatically reverse "replacing Assad" position.
    Got humanitarian relief for their hemorrhaging migration issues.

    Vietnam

    De-pegged from USD and went to international float for VND.
    Revalued their currency against their own in and above ground gold holdings.
    Signed long term oil, gas, gold and mineral contracts with China securing national economic stability for 100 years.
    Signed multibillion dollar oil and gas infrasturce agreements with Russian companies.
    Restored dignity within the Asian regional community as a worldwide financial and manufacturing hub.

    Zimbabwe

    De-pegged from western currencies and converted to with Chinese Yuan. [along with 7 different currencies.  Not just one.]
    Revalued currency back to acceptable pre-1980 international gold standard. [They discussed this.  Not implemented yet.]
    Issued gold backed currency via coins.
    Leveraged in-ground rare earth mineral and precious metals reserves to rebuild infrastructure and restore financial system.
    Established long term military relationships with China and Russia for all of African Union.
    Opened first Chinese Yuan swap hub in Africa.
    Hosted both Chinese and Russian leaders, signed multiple billions of investments


    Last edited by Carol on Sat Jul 09, 2016 11:25 am; edited 2 times in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Thu Jan 14, 2016 11:16 am


    https://www.youtube.com/watch?v=QlunSNY5B48
    ALL WARS ARE BANKERS' WARS Full Version

    Published on Oct 26, 2015
    Video by Zane Henry based on a radio show by Michael Rivero.

    "The few who understand the system, will either be so interested from it's profits or so dependent on it's favors, that there will be no opposition from that class." -- Rothschild Brothers of London, 1863

    "Give me control of a nation's money and I care not who makes it's laws."-- Mayer Amschel Bauer Rothschild

    "Every Congressman, every Senator knows precisely what causes inflation...but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job." -- Robert A. Heinlein, Expanded Universe

    "The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers." -- Congressman Louis T. McFadden (Rep. Pa)

    STOP THE FINANCIAL TERRORISM OF DEBT SLAVERY TO BANKSTERS AND THEIR ENDLESS WARS FOR PROFIT: ABOLISH THE FEDERAL RESERVE









    Explosive CNBC interview - Richard Fisher admits Stock Markets are Fake, driven by QE
    https://www.youtube.com/watch?v=pnIYZiWlaUY

    Published on Jan 5, 2016 - Former Federal Reserve President, Richard Fisher, admits on CNBC on January 5, 2016..."We Frontloaded A Tremendous Market Rally". Richard Fisher admits on TV that the markets are Fake, that they are driven by endless currency printing.


    Last edited by Carol on Fri Apr 01, 2016 3:14 pm; edited 2 times in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Thu Jan 14, 2016 11:24 am

    AIIB (Asian Infrastructure Investment Bank)


    What is the Asian Infrastructure Investment Bank?

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. Through a participatory process, its founding members are developing its core philosophy, principles, policies, value system and operating platform. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: lean, with a small efficient management team and highly skilled staff; clean, an ethical organization with zero tolerance for corruption; and green, an institution built on respect for the environment. The AIIB will put in place strong policies on governance, accountability, financial, procurement and environmental and social frameworks.
    The AIIB, a modern knowledge-based institution, will focus on the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, urban development and logistics, etc. The operational strategy and priority areas of engagement may be revised or further refined by its governing boards in the future as circumstances may warrant.

    AIIB will complement and cooperate with the existing MDBs to jointly address the daunting infrastructure needs in Asia. The Bank's openness and inclusiveness reflect its multilateral nature. AIIB welcomes all regional and non-regional countries, developing and developed countries, that seek to contribute to Asian infrastructure development and regional connectivity.
    History.

    Chinese President Xi Jinping and Premier Li Keqiang announced the AIIB initiative during their respective visits to Southeast Asian countries in October 2013. The Bank was envisaged to promote interconnectivity and economic integration in the region and cooperate with existing multilateral development banks.

    Following this announcement, bilateral and multilateral discussions and consultations commenced on core principles and key elements for establishing the AIIB. In October, 2014, 22 Asian countries gathered in Beijing to sign Memorandum of Understanding (MOU) to establish the AIIB. At a Special Ministerial Meeting following the signing of the MOU, Mr. Jin Liqun was appointed as the Secretary General of the Multilateral Interim Secretariat.
    Status.

    Discussions among Prospective Founding Members (PFMs) on the establishment of AIIB commenced with the 1st Chief Negotiators' Meeting (CNM) in Kunming, China, in November 2014. Discussions about the proposed Articles of Agreement (AOA) were launched at the second CNM, which was held in Mumbai, India, in January 2015. The AOA was discussed further at the 3rd CNM meeting that was held in Almaty, Kazakhstan, in March 2015 and at the 4th CNM meeting which took place in Beijing in April 2015. The final text of the AoA was adopted on May 22, 2015 at the 5th CNM held in Singapore.

    Representatives from the 57 PFMs gathered on June 29, 2015 in Beijing at a Signing Ceremony of the Bank's Articles of Agreement at the Great Hall of the People and 50 PFMs signed the Articles, including: Australia, Austria, Azerbaijan, Bangladesh, Brazil, Brunei Darussalam, Cambodia, China, Egypt, Finland, France, Georgia, Germany, Iceland, India, Indonesia, Iran, Israel, Italy, Jordan, Kazakhstan, Republic of Korea, Kyrgyz Republic, Lao PDR, Luxembourg, Maldives, Malta, Mongolia, Myanmar, Nepal, Netherlands, New Zealand, Norway, Oman, Pakistan, Portugal, Qatar, Russia, Saudi Arabia, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Tajikistan, Turkey, the United Arab Emirates, the United Kingdom, Uzbekistan, and Vietnam. The Articles remain open for signing by PFMs Until December 31, 2015 and it is expected that the AIIB would be operational by the end of this year.


    http://www.aiib.org/html/aboutus/AIIB/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Thu Jan 14, 2016 6:57 pm


    https://www.youtube.com/watch?v=5JiYcV_mg6A
    'How To End Poverty in 15 years' Hans Rosling - BBC News


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    INTERNATIONAL FINANCE PROGRESS REPORT

    Post  Jenetta on Wed Jan 20, 2016 9:03 pm

    Oil slips below $27 amid stock market turmoil
    TSX, Dow recover from steep lows as oil price continues to fall


    CBC News  January 20th/2016

    North American stock markets closed the day lower, but off their steepest losses on Wednesday, after the price of oil slipped below $27 US a barrel.

    West Texas Intermediate crude closed at $26.55 US a barrel, down $1.90 or 6.7 per cent on the day. Western Canada Select crude had fallen to $14.50 US.

    The falling price of oil helped drag the Dow Jones industrial average down by 1.5 per cent, while the TSX fell 1.3 per cent, after losses of 3 per cent at midday.

    The Toronto Stock Exchange's S&P/TSX composite index dropped 159 points to 11,842, after bouncing off a loss of more than 400 points. On Tuesday, the index ended the session up 60.07 points — only the third positive day since the Christmas break.

    The TSX is already in bear market territory, defined as 20 per cent below its high point, hit last year. Global stocks are approaching bear status, with the MSCI All-Country World Index down 20 per cent earlier in the day.

    In New York, the Dow had similar steep losses of more than 500 points but rose later in the day. It closed down 249 points to 15,766, and the broader S&P 500 index dropped 20 points to 1,860. The Nasdaq was off five points at 4,471.

    The Canadian dollar has been on a wild ride since the Bank of Canada's announcement that it was leaving its key interest rate unchanged, but it ended the day on an upbeat note.

    The loonie closed at 69.03 cents US, up .44 of a cent. It rose to 68.93 cents US after the 10 a.m. ET announcement, and then fell by one-third of a cent before recovering this afternoon.

    The central bank said it was keeping the rate unchanged as inflation has remained within its ideal target range. The bank also reduced its 2016 economic growth projection to 1.4 per cent from its autumn forecast of two per cent.

       Bank of Canada holds key interest rate steady at 0.5%

    There is increased concern about the U.S. Federal Reserve's decision to hike interest rates in the face of tepid global growth. And the high U.S. dollar is threatening the earnings of American companies while making everything more expensive for emerging economies.

    A global rout of stock prices started overnight in Asia and spread to North America from the start of trading.

    Part of the bad news is oil, but there are also doubts about China's economic health after its GDP growth for the last quarter dropped to 6.8 per cent, with many economists saying the real figures could be much lower.

    The IMF's prediction Tuesday that global growth will slow and fear of further turmoil in China's markets weighed on the price of oil.

    Adding to the trouble in the oil sector, Royal Dutch Shell announced its quarterly profit would fall by about 40 per cent.

    Corporate earnings season is about to begin and there are fears that profits will disappoint throughout North America.

    Overnight the Hong Kong and Japanese stock markets fell more than 3.7 per cent. European stocks followed and the Mexican peso and Russian ruble fell to record lows.

    http://www.cbc.ca/news/business/stocks-markets-loonie-oil-1.341143

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Thu Jan 21, 2016 9:40 am

    Opinion: Dow could fall 5,000 points and still not be ‘cheap’
    By Brett Arends

    Hard to believe, but the Dow Jones Industrial Average DIA, +0.76%  could fall by another 1,000 to 5,000 points and still not be “cheap” compared with long-term stock-valuation measures.

    That’s the stark conclusion from an analysis comparing current stock prices to underlying measures such as per-share revenue, earnings and corporate net worth.

    And it suggests that even if we are now overdue for a short-term bounce or rally of some kind, buying heavily into the latest sell-off isn’t the kind of one-way bet that value investors crave.

    Stocks are certainly much cheaper than they were a few weeks ago. After the worst start to a new year in Wall Street history, the Dow Jones Industrial Average is down about 10% since Jan. 1. Small-company stocks are now deep in a bear market after falling more than 20% from last spring’s highs.

    But cheaper doesn’t necessarily mean cheap.

    Even after the sell-off, U.S. stocks are valued at around 1.4 times annual per-share revenue. FactSet says the average since 2001, when it began tracking the data, is 1.3 times revenue. So the Dow could fall another 7%, or over 1,000 points, and still be no lower than its modern-day average.

    And the picture looks even worse when you also add in those companies’ soaring debts. According to the Federal Reserve, nonfinancial corporations have increased their total debts since 2007 from $6.3 trillion to over $8 trillion. As FactSet says, total shares plus total debts — the so-called “enterprise value” — of U.S. public companies are now 2.4 times annual per-share revenue, compared with an average of 2.1 times since 2001.

    Data from the U.S. Federal Reserve, meanwhile, say U.S. nonfinancial corporate stocks are now valued at about 90% of the replacement cost of company assets, a metric known as “Tobin’s Q.” But the historic average, going back a century, is in the region of 60% of replacement costs. By this measure, stocks could fall by another third, taking the Dow all the way down toward 10,000. (On Wednesday it closed at 15,767.) Similar calculations could be reached by comparing share prices to average per-share earnings, a measure known as the cyclically adjusted price-to-earnings ratio, commonly known as CAPE, after Yale finance professor Robert Shiller, who made it famous.

    Even when you compare stocks to the earnings of the past 12 months, it’s hard to say they are in any kind of bargain territory.

    At best, depending on how you measure things, you could say they’re no longer wildly expensive.

    Read more at: http://www.marketwatch.com/story/look-out-stocks-might-fall-a-lot-further-2016-01-21


    Last edited by Carol on Sat Jan 23, 2016 11:35 am; edited 2 times in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Fri Jan 22, 2016 9:59 am



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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Fri Jan 22, 2016 10:54 pm

    A nation's biggest bank calls for an end to cash
    JAN 22, 2016


    The largest bank in Norway has called for the country to stop using cash, the Local reported Friday. This comes as the latest move in a country that has been leading the global charge toward electronic money in recent years, with several banks already not offering cash in their branch offices and some industries seeking to cut back on paper currency.

    DNB, the bank with the proposal, has said eliminating the use of cash would cut down on black market sales and crimes such as money laundering.

    “Today, there is approximately 50 billion kroner in circulation and [the country’s central bank] Norges Bank can only account for 40 percent of its use. That means that 60 percent of money usage is outside of any control. We believe that is due to under-the-table money and laundering,” Trond Bentestuen, a DNB executive, told Norwegian website VG, the Local reported.

    “There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out,” he added.

    The country has already moved in this direction naturally. Bentestuen estimated that about 6 percent of Norwegians use cash on a daily basis, with the numbers higher among elderly people.

    Norway’s Ministry of Finance is opposed to the proposal, however, and other critics have raised concerns about privacy issues as well as how the change would affect tourists. Privacy advocates in Norway have expressed worries for years that, without cash, there would be no way for an individual to purchase something without being tracked.

    In 2014, Finans Norge, a financial industry organization in Norway, said the country was on pace to be a cashless society by 2020, Ice News reported. While DNB said its proposal will take time to complete, executives suggested the country start phasing out cash by discontinuing the 1,000 kroner note so it could focus on updating its banking system.

    “Eighty-five percent of our customers say that they never or only very rarely go to the bank. Therefore we think it is a mistake to maintain a very old structure with local branch offices. It is better to follow the customers and improve the offers where the customers are: digital,” Bentestuen said.


    http://www.msn.com/en-us/money/marke...czY?li=BBnbfcN


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Fri Jan 22, 2016 11:16 pm

    WAR ON CASH ESCALATES: CHINA READIES DIGITAL CURRENCY, IMF SAYS "EXTREMELY BENEFICIAL"
    http://www.blacklistednews.com/_War_On_Cash_Escalates%3A_China_Readies_Digital_Currency%2C_IMF_Says_%22Extremely_Beneficial%22/48411/0/38/38/Y/M.html

    A major tax evasion scandal might be unfolding in Switzerland after French tax authorities discovered over 38,000 secret accounts held by French citizens in the Swiss bank UBS, according to an exclusive report by Le Point magazine.

    Read more: http://sputniknews.com/business/20160122/1033561039/ubs-bank-money-laundering-french-citizens.html#ixzz3y4tPSpjL


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:03 am


    Iran and China agree closer ties after sanctions ease
    Iran and China have pledged closer economic and political ties after talks in Tehran between the two presidents.

    http://www.bbc.com/news/world-middle-east-35390779


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:06 am

    Central Bank of Iraq .. monetary and fiscal policy successful
    21/1/2016
    BAGHDAD - Ali Karim Ozhab


    Director General of the Department of release and cabinets in the Iraqi Central Bank Shomran Yasiri Ahsan said that the banking system in Iraq is still strong and recuperative but no liquidity problems at some banks and not exceeding Monday.

    He pointed Yasiri told the "Journal" that the government banks and the central bank continues to meet the needs of the public of cash, and that community Iraq has full confidence in the central bank to be considered the oldest banking institution in Iraq and has a track record of bank credits and the sale of the national currency in a manner in harmony with the preservation its value against hard currencies.

    Yasiri said that the problem faced by the Iraqi Central Bank and other government banks is that some men call politicians talk is irresponsible and without evidence supported and disseminated through social networking sites and circulated by some weak-minded people and media that are trying to prejudice the central action.

    He said the central bank has an active and important role in shaping and determining the Iraqi monetary policy, said: "If no public confidence in the central bank to shift the purchase of goods to the dollar and not the national currency, Vdinar for citizen important Shi factor primarily in the purchase, sale and compactness."

    Director General of the release circle and cabinets in the Central Bank of Iraq and stressed that the situation now is much better than a year ago, but there are confusing information and statements fallacy monetary and financial reality of the fact that the country is now undergoing a state of war against terrorism, gangs, and that the black gold market continues to fluctuate and has a direct impact on national economy, the fact that Iraq is supported on fiscal revenue from the sale of crude oil, and these and other breed in some individuals opponents the right to work the word is not accurate, hoping to improve the overall situation in all its details globally and locally for the better to strengthen Iraq's economic process.

    He revealed Yasiri for "Il Giornale" that the Central Bank of Iraq has taken a number of recommendations to review the work of banks lagging and is committed to literally central instructions for flexible policy to strengthen monetary and financial track and put it tracks true, stressing that the next few days will witness the start of this economic recommendations.

    For his part, economic adviser in the Prime Minister Abdul Hussein Al-Anbuge confirmed in an interview with "Il Giornale" The Iraqi citizen has full confidence in government bank transactions and the Central Bank of Iraq to open bank accounts and credit led to the lifting shares of the citizen, it is not inconceivable that many citizens are losing confidence transactions banks government.
    Anbuge between that at present appear on the economic and financial arena in Iraq's remarks to highlight the work of the Iraqi Central Bank and the distortion generated realities on the ground and that these statements are inaccurate and did not built on sound economic data, because investors are looking for the right climate for investment, and the environment dominated stability political and security, economic, Economic Stability means to maintain the value of the national currency.

    For his part, stressed the economist Mahmoud Mayali for "Journal" today that the central bank policy of the current supportive of the Iraqi dinar and made its price steady against hard currencies, Masahm in attracting investment, whether internal or external, calling for a solution to the political and security problems, to encourage investors to launch their investments inside Iraq.
    It is said that the Iraqi Central Bank seeks to achieve economic stability through the promotion of confidence in Iraqi dinars, and work on price stability, and the fight against inflation, and the use of the mechanics of this policy, in cooperation with the fiscal policy in order to reach a state of economic balance.

    http://journaliraq.com/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D9%88%D9%85%D8%A7/



    Central Bank of Iraq .. monetary and fiscal policy successful
    21/1/2016
    BAGHDAD - Ali Karim Ozhab


    Director General of the Department of release and cabinets in the Iraqi Central Bank Shomran Yasiri Ahsan said that the banking system in Iraq is still strong and recuperative but no liquidity problems at some banks and not exceeding Monday.

    He pointed Yasiri told the "Journal" that the government banks and the central bank continues to meet the needs of the public of cash, and that community Iraq has full confidence in the central bank to be considered the oldest banking institution in Iraq and has a track record of bank credits and the sale of the national currency in a manner in harmony with the preservation its value against hard currencies.

    Yasiri said that the problem faced by the Iraqi Central Bank and other government banks is that some men call politicians talk is irresponsible and without evidence supported and disseminated through social networking sites and circulated by some weak-minded people and media that are trying to prejudice the central action.

    He said the central bank has an active and important role in shaping and determining the Iraqi monetary policy, said: "If no public confidence in the central bank to shift the purchase of goods to the dollar and not the national currency, Vdinar for citizen important Shi factor primarily in the purchase, sale and compactness."

    Director General of the release circle and cabinets in the Central Bank of Iraq and stressed that the situation now is much better than a year ago, but there are confusing information and statements fallacy monetary and financial reality of the fact that the country is now undergoing a state of war against terrorism, gangs, and that the black gold market continues to fluctuate and has a direct impact on national economy, the fact that Iraq is supported on fiscal revenue from the sale of crude oil, and these and other breed in some individuals opponents the right to work the word is not accurate, hoping to improve the overall situation in all its details globally and locally for the better to strengthen Iraq's economic process.

    He revealed Yasiri for "Il Giornale" that the Central Bank of Iraq has taken a number of recommendations to review the work of banks lagging and is committed to literally central instructions for flexible policy to strengthen monetary and financial track and put it tracks true, stressing that the next few days will witness the start of this economic recommendations.

    For his part, economic adviser in the Prime Minister Abdul Hussein Al-Anbuge confirmed in an interview with "Il Giornale" The Iraqi citizen has full confidence in government bank transactions and the Central Bank of Iraq to open bank accounts and credit led to the lifting shares of the citizen, it is not inconceivable that many citizens are losing confidence transactions banks government.
    Anbuge between that at present appear on the economic and financial arena in Iraq's remarks to highlight the work of the Iraqi Central Bank and the distortion generated realities on the ground and that these statements are inaccurate and did not built on sound economic data, because investors are looking for the right climate for investment, and the environment dominated stability political and security, economic, Economic Stability means to maintain the value of the national currency.

    For his part, stressed the economist Mahmoud Mayali for "Journal" today that the central bank policy of the current supportive of the Iraqi dinar and made its price steady against hard currencies, Masahm in attracting investment, whether internal or external, calling for a solution to the political and security problems, to encourage investors to launch their investments inside Iraq.
    It is said that the Iraqi Central Bank seeks to achieve economic stability through the promotion of confidence in Iraqi dinars, and work on price stability, and the fight against inflation, and the use of the mechanics of this policy, in cooperation with the fiscal policy in order to reach a state of economic balance.

    http://journaliraq.com/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D9%88%D9%85%D8%A7/

    Iraq plans to sell bonds to citizens for the first time since 2003
    http://goingglobaleastmeetswest.blogspot.com/2016/01/iraq-plans-to-sell-bonds-to-citizens.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:12 am


    In Money & Markets this week, I (Cathrin Austin Fits Solari report) will discuss the latest financial market developments and geopolitical news.



    “When you wake up every day, you have two choices. You can either be positive or negative; an optimist or a pessimist. I choose to be an optimist. It’s all a matter of perspective”
    ~ Harvey Mackay

    By Catherine Austin Fitts

    This week on the Solari Report,  Dr. Joseph Farrell will join me to discuss the Solari Report 2015 Annual Wrap Up –  to review our global shift into space and the space-based economy, the top trends and stories of 2015 and to explore what is ahead in 2016. Our conversation will be free range and – as Dr. Farrell says – we include “high octane speculation.”

    Enjoy the web presentation for the Wrap Up first – you will get essential perspective on what is happening and what’s ahead.  As one subscriber said, “The view is breathtaking.”


    “The reverberation often exceeds through silence the sound that sets it off; the reaction occasionally outdoes by way of repose the event that stimulated it; and the past not uncommonly takes a while to happen, and some long time to figure out.”
    ~ Ken Kesey

    By Catherine Austin Fitts

    When I was on Wall Street, the partners of our firm would meet for a strategy session in our boardroom during the first week of the year. The chairman of the firm would open the meeting with a presentation that started with…“Let me tell you what is going to happen this year.”

    In our annual wrap up,  I want to share my insights about the trends, stories and financial market performance in 2015, and about what’s ahead in 2016. Our theme is The Space-Based Economy.

    This year, look for significant global growth in public and private investment in outer space.

    First, the orbital platform around Earth is growing as we depend on satellites to deliver a larger percentage of the world’s economic activity.

    Second, efforts are underway on three continents to return to the moon and to build bases there.
    Third, we continue to explore the solar system and, as the Voyager space probes permit, to explore interstellar space.
    Finally, we are working towards human colonies on Mars in the 21st century.

    To support this effort, we are developing reusable rockets, 3D printing fabrication tools and new, light-weight materials to radically improve the economics of going into space as well as sourcing materials and manufacturing and building there.

    In this year’s wrap up, we launch a conversation that will be ongoing about our investment in outer space, what is really going on beyond the “official story,” and what it means to our economy and to you and me. I believe that secrecy about outer space is leading us into totalitarianism. That means that transparency is essential if we are to create an advanced human civilization on Earth.

    Here is the outline for our 2015 annual wrap up:

    Introduction: Space: Here We Go!
    Money Maps of the World
    The Space-Based Economy
    2015 News Stories & Trends
    2015 Financial Markets Roundup
    2016: Get Ready, Get Ready, Get Ready!

    Vision 2020
    Best Books for 2016
    And the Winners Are…
    • Hero, Movie, and Documentary of the Year
    • Let’s Go to the Movies: Complete List – 2008-2015
    Closing & Credits


    Last edited by Carol on Sat Jan 23, 2016 11:25 am; edited 2 times in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:16 am

    Venezuela and Russia agree to raise oil prices
    January 23, 2016 15:45


    [size=18]Announced Venezuelan President Nicolas Maduro, he agreed with his Russian counterpart Vladimir Putin to work together in order to limit the decline in oil prices, which severely hurt the economies the two countries.

    Maduro told the business leaders that Putin "in favor of continuing to work towards a common vision and plans," asserting that he had a telephone conversation Friday with Russian President on "the situation in the oil market."

    Revenues fell Venezuela, which has the largest oil reserves in the world, with a drop of black gold prices since year and a half, the Venezuelan oil price has dropped to $ 21.50 per barrel.

    Venezuela called for an emergency meeting of the Organization of Petroleum Exporting Countries (OPEC) in February to discuss the procedures that allow price stability.

    Maduro said he will continue to exert pressure on his counterparts in OPEC "to open the way for the stability of the market and its recovery."

    Russia is the second oil producer in the world after Saudi Arabia, according to International Energy Agency figures, but they are not a member of OPEC.

    The drop in oil prices led to a severe economic crisis in Venezuela, led to a political crisis.

    Venezuelan Parliament rejected Friday, "economic emergency" declared by President Maduro decree in mid-January to cope with the economic crisis.

    http://burathanews.com/news/284751.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:28 am



    Last edited by Carol on Sat Jan 23, 2016 11:29 am; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:28 am



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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:31 am

    CBI Says Let the Market Decide Currency Rates
    Saturday, January 23, 2016 - 02:00
    EconomyBusiness And Markets

    The post-sanctions economy offers the promise of revitalizing the economy, said Valiollah Seif, governor of the Central Bank of Iran. Tapping into bank loans and the foreign exchange market are at the forefront of measures to lift the economy in the new era, he added, ILNA reported.

    “We should let the market decide the real rates and avoid interfering with market mechanisms or rate setting in the forex market,” he said calling for “genuine” foreign exchange rates.

    Addressing a meeting of provincial governors late Wednesday, he elaborated on developments related to forex rates and the volatility in the currency market. He was of the opinion that “proper” forex rates are those that encourage manufacturing and exports. “The CBI should function only as the regulator controlling shocks and sharp swings in the forex market.”

    Forex rates especially that of the US dollar, have gone through several fluctuations in the past few months. The greenback crossed the psychological barrier of 37,000 among speculations that the CBI was manipulating rates to help plug holes in government budget, a charge dismissed by senior government officials.  

    After a brief rally on the eve of sanctions relief last weekend, the rial once again lost ground to the US dollar later in the week. The sharp plunge in international oil prices and speculation by currency traders in the parallel-market has put the market on hold. In Thursday trade, the greenback changed hands for 36,330 rials.    

    Seif claimed that the CBI “has been successful in keeping market volatility in check,” decreasing fluctuations by 30%. He blamed the US dollar’s unexpected rally in recent weeks on some “hidden forces trying to undermine government efforts to balance the market.”

    Banking Woes
    The senior official turned to bank loans noting that bank resources could help lift the economy out of recession if directed toward manufacturing and exports but admitted that the lenders’ resources are limited.

    “About 45% of the lenders’ assets are stressed. We should utilize the rest as best as we can if we want to revive the economy.”
    The CBI governor announced that the top bank is working to create a mechanism to ease the process of government repaying its huge debts to banks. The mechanism will in turn enable lenders to repay their debts to the CBI through a variety of ways, namely selling assets held by banks in the form of property.

    On the sensitive issue of interest rate cuts, he said that it is still a priority for the CBI along with “promoting monetary and banking discipline.”  Taking an “active role in the interbank market and reforming the banking sector are among the CBI’s strategies to manage the money market.”

    Interest rate cuts rates have been a topic of heated debate among pundits and policymakers in recent months as many believe the present interest rates are too high and discourage production and exports. Banks are allowed to offer deposit rates up to 20% (maximum), while the inflation rate had declined to 12% a giddy 40% in 2003.

    Seif reprimanded the former administration for turning a blind eye to the plague of unauthorized lenders and financial institutions, saying that weak supervision is responsible for their unchecked and unwanted expansion. “Some of these institutions have 500 or more branches which makes it very difficult for the CBI to control them.”

    The government and CBI are “Trying hard to end the activities of the uncertified lenders once and for all.”

    Short Url : http://financialtribune.com/articles/economy-business-and-markets/34761/cbi-says-let-market-decide-currency-rates


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:43 am



    This week saw the value of Hong Kong’s benchmark stock market briefly dip below how much its member companies’ assets are worth. Foreign exchange traders are punishing currencies even in countries with improving economies, and Russia’s ruble has fallen so far that it’s a third more undervalued than the last time the country’s oil was as cheap as now.
    And that’s not all, as shown by the below five charts.

    While Hong Kong’s Hang Seng Index recovered enough to be worth about the same as its members’ assets, the price-to-book ratios of about two dozen other country benchmarks are now below that threshold, compared with 15 five years ago.


    Last edited by Carol on Sat Jan 23, 2016 11:48 am; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:46 am

    Pound's Outlook Pits HSBC vs Deutsche Bank
    German bank sees sterling dropping to $1.27 by year-end
    HSBC says market too pessimistic, calls pound at $1.60

    Europe’s biggest banks are laying out drastically different paths for the pound.

    As sterling dropped this week to $1.4080 -- the weakest level since 2009 -- Europe’s largest lender HSBC Holdings Plc said the U.K. currency will climb to $1.60 by year-end. Meanwhile, the world’s second-biggest currency trader Deutsche Bank AG reiterated its bearish outlook, which calls for a decline to $1.27.

    The disparity coincides with the U.K. facing a slew of challenges, from whipsawing financial markets around the globe and a vote on whether to remain a European Union member, to inflation that’s close to zero, damping the outlook for interest rates. While Bank of England Governor Mark Carney on Jan. 19 signaled that a boost to U.K. rates is still some way off, HSBC says the market has become too pessimistic.

    Read more at link: http://www.bloomberg.com/news/articles/2016-01-23/hsbc-and-deutsche-bank-are-33-cents-apart-on-pound-s-16-outlook-ijqrnx10


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:52 am

    Breakingviews
    Finance wrestles with post-millennial tension
    http://blogs.reuters.com/breakingviews/2016/01/22/finance-wrestles-with-post-millennial-tension/
    By John Foley January 22, 2016

    Millennials are dominating the workforce, and the conversation at this year’s World Economic Forum. The cohort born after 1980 is posing companies – particularly financial ones – with new anxieties. Yet in reality, they should relax. Millennials just mark a return to a time before Wall Street’s golden age.

    Consultants are targeting worried baby-boomer managers with reports giving insights into the millennial brain. Most elicit fear, like the survey published ahead of the annual Davos shindig by Deloitte, which warned that almost half plan to leave their job in the next two years.

    For a financial sector that has been gored by tech unicorns and philanthrocapitalist startups, that makes a bad retention problem worse. One senior banker grumbled to Davos delegates – the average age of whom is 55 for men and 49 for women – that roughly 75 of every 100 new recruits now don’t stick around long enough to become vice presidents.

    The result has been evasive action that would have been unthinkable five years ago. JPMorgan, Bank of America and Morgan Stanley have pledged to leave junior bankers in peace at weekends – at least once or twice a month. Goldman Sachs pledged to offer faster promotion and more mobility in November. An analyst at JPMorgan can now make managing director four years faster than in the past.

    It sounds like a U-turn. Really it’s a return to the mean. Economist Thorstein Veblen in 1899 described leisure as the way the privileged classes marked themselves as superior to those forced to work hard for a living. Yet during the past three decades, the tradition of “conspicuous consumption” turned on its head, and long hours became a sign of status. Millennials are just going back to the old ways.

    Yet the math doesn’t work. Generating returns on equity of 10 percent isn’t compatible with fewer hours and higher pay for less experience. That’s why most of these promises will turn out to be a sham. If a $50 billion client wants a deal to be closed on Christmas Day, it’s a brave or foolish youngster who tells the boss “No”.

    Some banks are holding out. While Goldman and JPMorgan promise shorter hours, UBS does not. Promoting everyone, while it sounds nice, is impossible. Leisure may have replaced hard work as a status symbol, but the competitive and unequal world of finance may not be in for such a big shift after all.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 11:58 am


    A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016.
    REUTERS/ANDREW CULLEN/FILES

    The oil market's roller-coaster ride this year is not over yet, technical analysts warned on Friday, with new lows likely to come after traders catch their breath.

    U.S. oil futures for March CLH6 surged 13.5 percent on Thursday and Friday, erasing nearly half the losses racked up since the start of the year as bearish traders cashed out.

    While almost no one expects this to mark the start of an extended recovery amid a persistent global supply glut and worries over the Chinese economy, many are asking whether this is finally the end of an 18-month slide.

    For some of the analysts it had the hallmarks of a classic dead-cat bounce, a natural pause in the tailspin that had sucked prices below $30 a barrel for the first time since 2003 - with still lower lows lurking in the weeks ahead.

    "I don't think we've found a bottom yet," said Fawad Razaqzada, technical analyst for Forex.com and City Index in London. He does not expect prices to extend their recovery to above $35 a barrel, the level needed to prevent a further slide. U.S. crude closed at $32.19 on Friday, up 9 percent.

    "For me, there's been no clear technical or fundamental signal that prices have not bottomed out. This is a mere oversold recovery, therefore I think prices will fall back again."

    Walter Zimmermann, vice president and chief technical analyst at brokerage ICAP in Jersey City, also expected prices to fall to new lows although he noted that the charts were not decisively bearish.

    "It may be a dying cat bounce but it has a little too much vim and vigor to be a dead cat bounce," Zimmermann said. He put key resistance at $34.65 a barrel.

    "That doesn't mean it's not a bear market correction."

    He pointed to weekly candlestick charts that show a potentially bullish signal called a "hammer bottom," with the latest week opening and closing near its highs following a week that closed well below its starting point.

    If the market falls below $26.19, however, the next critical support level will be critical support ranging from $25-$21, he said.

    Some recalled similar price action in August, when bearish traders piled on short positions for weeks before abruptly reversing course, sending oil up more than 25 percent in three days. Prices then traded sideways for several months before resuming their decline to new lows.

    "This is basically an oversold bounce and typically when those happen, we retrace back to the midpoint of the previous area," said Peter Ruud, technical analyst at Informa Global Markets in New York, referring to the $33.54 level.

    "It's not a bear market rally. It's more a potential set-up for basing. I think we're going to form some sort of double bottom base."

    (Reporting by Marcy Nicholson; Editing by Marguerita Choy) http://www.reuters.com/article/usa-oil-technical-idUSKCN0V102X


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 12:03 pm


    CARACAS, Venezuela (AP) -- Venezuela's opposition-led congress on Friday rejected President Nicolas Maduro's request for emergency powers amid a plunging national economy, the depths of which were dramatized by an IMF estimate that inflation this year will top 700 percent.

    Ruling party and opposition lawmakers accused each other of trying to run the country into the ground in the first major congressional debate Venezuela has seen in more than a decade. Critics of the socialist revolution kicked off by late President Hugo Chavez took control of congress last month for the first time in 17 years.

    Maduro had proposed an economic emergency decree that would give him expanded authority for 60 days. In the past, when it was dominated by first Chavez's and then Maduro's allies, congress made a habit of approving these kinds of exceptional powers.

    The opposition argues that Maduro is responsible for raging inflation and chronic shortages dogging daily life here, and is promising to oust him within six months.

    The debate took place against the backdrop of more grim economic news as the International Monetary Fund predicted that inflation in Venezuela would more than double in 2016, reaching 720 percent.

    The South American nation already suffers from the world's highest inflation and a crushing recession. The IMF estimates that prices rose 275 percent last year in Venezuela, while the economy contracted by 10 percent.

    Ahead of the final vote on his decree, Maduro announced he had approved a change that will allow the country's small export sector to use a more favorable currency exchange rate. He scolded opposition activists for "turning their back on the country."

    "They're bent on the politics of sterile confrontation," he said as state television began promoting the slogan "irresponsible opposition."

    Opposition leaders rejected the decree as a trap intended to make them look intransigent and unwilling to fix the economy.

    Read more at link above.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 12:45 pm

    Resetting Our World – The Sirius Report
    22 Friday Jan 2016
    GCR, Global Currency Reset, RV ≈ Comments Off on Resetting Our World – The Sirius Report

    Author: My name is Paul, I am a high level financial insider with a background in physics and business/finance.

    http://thesiriusreport.weebly.com/blog/update-22nd-january-2016

    Dear All,
    Firstly an apology for the delay in providing this update but we have been rather busy lately and I needed a little time to focus on the avalanche of developments to bring focus and clarity to what is currently happening. Often people will suggest that they are not seeing significant developments so I thought we could start this update by illustrating a few key initiatives currently underway which are by no means exhaustive. It is clear now that both Russia and China are playing the key roles in bringing about the dawn of the new paradigm and the end of the cabal, which has blighted this world for many more years than perhaps we realise.

    Key Initiatives

    1) ISIS revealed as US-UK-Israel-Turkey project

    2) IMF inclusion of Chinese RMB currency, with banking reserves changes

    3) US Fed apparent rate hike, disguising the US Dept. of Treasury covert activities

    4) Removal of Too Big to Fail protection for US Banks

    5) Petro-Dollar machinery continues to be dismantled

    6) Shanghai Gold Fix and RMB-based gold futures contract

    7) Russia will determine oil price setting along with Iran to form a new axis via this alliance

    Cool Numerous nations seeing currency issues, such as Turkey, Sweden (not part of Euro) as well as Brazil and Mexico

    9) Bank bail-in procedures have been pre-warned

    10) Washington reversal on Syrian Regime and Turkish presence in Syria

    11) Germany showing movement to resolve damage with Russia (flip eastwards) both militarily and economically

    12) Chinese RMB development on several new global financial platforms

    13) US Military backed out of Persian Gulf, and soon completely out of Syria

    14) Yemen War Zone spreads to Saudi border and embassies

    15) Saudi Arabia and Turkey will both have major regime changes

    16) US-led trade unions will not find support and will die, as even the Pope spoke out against GMO foods (major piece of TTIP pact).

    17) Foreign bank access to Russian MIR payment system

    18) China dumping US treasuries to continue acquiring assets in US, EU and Africa

    19) Removal of mark-market valuation of energy sector assets to fudge capitalisation of banks

    20) Suspension of Schengen agreement by Austria, Sweden and Denmark

    21) Deglobulisation gathering pace contrary to the cabalist agenda

    22) Inauguration of the AIIB for infrastructure and other development projects

    23) Washington withdrawal from Ukraine after Nuland-Surkov meeting

    24) Visible dislocation in the derivative and bond markets

    25) Corporations announcing downsizing and reduction in workforce as a result of the insane ZIRP forever and QE to infinity policy.

    26)  China developing strategic relationship with Egypt and Iran

    27) China developing diplomatic ties with Saudi Arabia

    28) Downward spiral of Qatar and Dubai as the Middle East begins to implode

    29) China calls for creation of Palestinian State

    30) China continues to transition its economy to the new financial, political and social paradigm

    So how can we distil this myriad of points down into a concise roadmap of what is going on? Firstly I think we should look at the Middle East which appears to be the primary focus for both China and Russia currently. We have seen the Chinese premier Xi visiting Egypt, Iran and Saudi Arabia this week to promote strengthening ties with all those nations. The focus on the former two nations is about bilateral trade and strengthening of ties in line with the new Silk Road initiative. This is in stark contrast to US hegemony which was about domination and exploitation of nations and for those who resisted they were subject to the unholy trinity of death, destruction and grand larceny.

    With respect to Saudi Arabia, China is more concerned with developing diplomatic ties and beginning a lengthier process of such initiatives. However I would not be surprised to see the issue of selling oil in Yuan being broached. However this is set against the backdrop of the disintegration of the House of Saud due to ongoing internal strife within the palace and nationally. Their fall is inevitable but who replaces them remains the illusive question. Saudi is frantically looking at ways to divest its economy but it is nothing more than a panic measure which is doomed to fail. Furthermore we are seeing the implosion of Qatar and Dubai continue and I would expect this to spread further afield. Saudi’s intervention into Yemen is beginning to seriously backfire on them as once again their actions as a vassal state of Washington prove to be a foolish manoeuvre.

    It appears that the Saudi actions on oil & wealth fund sales will kill the House of Saud and absolutely not Russia. I am getting the feeling that somebody sold the Saudis a bogus plan, akin to a poison pill. The House of Saud is standing on the precipice of oblivion finally realising they have been the architects of their own destruction. Israel continues to remain largely silent and we are now seeing China talking about the creation of the nation state of Palestine and you can be sure this will be followed up with intense diplomatic pressure being applied.

    Let us now turn our attention to Syria where Russia continues to attack ISIS with devastating consequences financially as well as militarily. It is now clear that both Assad and Russia are liaising with the Kurds and that Turkey’s role within this region has become untenable and will lead to regime change within that nation and the breakup of that nation not just with respect to disputed territory with the Kurds. The issue of governance of Syria itself remains a side issue which at this time is seen as an irrelevance but in due course we may see the implementation of a unity government and future elections held. I would not rule out the re-election of Assad but that is something for the Syrian people to decide without coercion from other nations. It would also be worth mentioning at this point that Russian continues to work with both Iraq and Afghanistan in dealing with the western backed terrorist groups working in these nations for the enrichment of the cabal. The latter is particularly interesting as it is the key nation for opium production in the world and something which has been extremely lucrative for the cabal. As part of the global initiative to cut off the drug cartels I would expect to see a step up in activities in Afghanistan. When people in the West realise that shipment of opium is a coordinated exercise by the cabal via the US controlled base in Pristina Kosovo they will begin to realise the true extent of this industry and who controls it.

    Next let us look at recent developments between Saudi Arabia and Iran. Whilst I do not expect direct military conflict between these nations there is no doubt that significant tensions now exist between them. Furthermore this needs to be placed within the context of the war in Yemen which to some extent is a proxy war between these two nations. Diplomatic ties were broken off between these nations after the execution of Nimr al-Nimr, a prominent Shiite cleric. Iran protested vehemently in its wake leading to the attack on the Saudi embassy in Tehran and the consulate in the city of Mashhad. However upon the lifting of economic sanctions against Iran you can now be sure that they will cripple Saudi Arabia via an oil price war the latter can never compete with. Traditionally Saudi Arabia has used oil to permit non-taxation of its people but given that position will no longer be tenable leading to budget deficits it will have to resort to taxation, which will be deeply damaging to their regime.

    In further developments Iran and India have announced that they intend to settle future crude oil payments in Indian Rupees, as part of a joint strategy in future bilateral trade. However it is possible we will see this extend to settlement via gold trade notes and ultimately in the physical metal itself. In turn India is likely to secure key infrastructure projects at ports and railway links. This will provide additional commercial ties between these two nations and this will further weaken the cabal. You can be sure that this will be supported by the Russian missile systems which will defend the key strategic area around the mouth of the Straits of Hormutz.

    We can expect to see further strategic announcements with respect to Iran particularly in relation to Russia and China. I would not rule out them joining the BRICS perhaps as an associate member in the near future. Having seen the lifting of sanctions we can now expect to see cheap Iranian oil flooding the markets with China being the primary destination. This in turn is almost certainly going to drive down the price of oil. We can see as this report is being written that the cabal is desperate to defend the price at around $30 to prevent derivatives and junk bond implosion, coupled with impairments at the too big to fail banks which are being encouraged to cook their books via the revocation of mark-market rules on their energy assets. However it will be a futile exercise as we will see oil drive down towards $20 per barrel. We are already seeing nations paying significantly less than this figure of $30 on the open market which is a clear indication that the manipulation of Brent and US Crude prices is an attempt by the cabal to prevent their own financial ruin via derivative speculation, bond and loan defaults.

    In next week’s update we will turn our attention towards Europe which has always been the key battleground for the Cabal as we saw in two world wars and in the creation of the EU which was a Washington initiative brought about as a condition for German reunification. It is our understanding that Germany and France have privately struck deals with Russia with respect to the new paradigm which may explain why France recently suffered terrorist attacks and why Germany has been sucked into the mass immigration issue which is engulfing Europe and deeply damaging to Merkel.

    The reason the ​ships haven't moved is because the companies want to be paid in Yuan.

    http://raconteursnews.com/wp-content/uploads/2016/01/RN-Pod-No8-with-P​ual-our-High-Level-Fianancial-Insider-19-01-2016.mp3


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 1:24 pm

    End of the Road? Euro May Go Under if Schengen Dissolves
    http://sputniknews.com/europe/20160123/1033607313/schengen-euro-worries.html

    A breakup of the Schengen area amid the crisis the European Union is now going through will have an immediate impact on the euro and the European economy as a whole, Deutsche Welle warned on Saturday.

    French Gendarmes patrol the airport of Montpellier, southern France, on November 20, 2015.

    EU Under Threat Amid Calls for Schengen Free Travel Zone to Be Abolished
    Brussels is fully aware of the fact that if the European countries fail to get the situation under control and agree urgent measures to end the migrant crisis, it would spell the end of the Schengen area.
    The EU leaders have only two months to solve the problem before the future of the 28-nation bloc takes center stage during the EU summit scheduled for March 17 and 18, Deutsche Welle reported.

    Nicolai von Ondarza, an expert with the Science and Politics Fund, a Berlin-based think tank, said that widespread concerns about the future of the Schengen area are fully justified.

    “We see that the ongoing migrant crisis has become a major problem for many EU countries,” Von Ondarza told DW.

    He also said that the influx of migrants would most certainly increase with the onset of spring and if the problem is not solved other EU countries might suspend the Schengen border-free travel agreement, just like Austria did a week ago.

    What is also clear, however, is that attempts to solve the problem by closing the EU’s internal borders would have serious economic consequences and could eventually put the very future of the euro on the line.

    “If we close the borders, if the internal market begins to suffer… then one day we will be wondering whether or not we really need a common currency if there is no single market, no free movement of workers anymore," European Commission President Jean-Claude Juncker told the European Parliament in Strasbourg on Wednesday.

    The World Economic Forum, which opened in Davos on January 20 was overshadowed by discussions about European unity amid fears that the demise of the Schengen area could have a  devastating effect on the European business community.

    According to a study made by PriceWaterhouseCoopers business consultants ahead of the Davos forum, the heads of major international companies named the current migrant crisis a major risk in 2016.



    Read more: http://sputniknews.com/europe/20160123/1033607313/schengen-euro-worries.html#ixzz3y65NtOY2


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 1:27 pm

    Let's Reform Dublin System 'Before We Kill Schengen' - Dutch PM

    Read more: http://sputniknews.com/europe/20160121/1033480387/dublin-system-schengen-refugees.html#ixzz3y65zEiiH

    The European Union member nations should reform the Dublin system in order to save the Schengen Agreement, Dutch Prime Minister Mark Rutte said Thursday.

    MOSCOW (Sputnik) — The Dublin Regulation, signed by all EU members, stipulates that the first EU member country entered refugees is responsible for processing their asylum application. After the migration crisis escalated, some EU countries called for the system to be amended as it leads to a disproportionate amount of migrants in peripheral EU member states that cannot handle the influx.

    "The Dublin system at the moment is not working. So before we kill Schengen, we have to make Dublin work and reform the Dublin system," Rutte said at a panel session of the 46th annual World Economic Forum, currently underway in the Swiss town of Davos.

    ~~~~~~~~~~~~
    Major Migrant Crisis in Europe (938)
    Related:
    Refugee Influx Repercussions: Europe’s Schengen System is on Its Deathbed
    Calls For EU to Control External Borders, Not Shut Down Schengen
    EU Must Address Refugee Issue to Save Schengen Zone - Merkel
    Sweden Extends Border Control With Schengen Countries Amid Refugee Issue



    Read more: http://sputniknews.com/europe/20160121/1033480387/dublin-system-schengen-refugees.html#ixzz3y66ds1zT


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

    Post  Carol on Sat Jan 23, 2016 1:38 pm

    Central Bank injects more than 1 trln yuan into market
    http://english.cntv.cn/2016/01/22/VIDEnv41eVAsjKCF9LzHz5oY160122.shtml

    01-22-2016 12:00 BJT - China's central bank has injected more than one trillion yuan into the market this week, and promised to supply more liquidity in medium term.

    On Monday, the Central Bank put 55 billion yuan via 3-day short-term lending operations. A day after, it carried out reverse repurchase agreements operation, releasing 155 billion yuan and another 410 billion via medium-term lending facility. In the meantime, in a meeting with commercial banks, the Central Bank said it would pump more than 600 billion yuan to support the real economy via medium term operations. On Wednesday, the bank conducted reverse repo agreements for the second time, releasing 150 billion yuan. And on Thursday, 400 billion yuan was injected into the market via the same channel. In fours days time, the central bank had supplied a total of 1.17 trillion yuan.


    ~~~~~~~~~~

    The following is not yet confirmed:

    - All 210 sovereign nations of the free world has publicly and/or privately de-pegged from the USD/petrol dollar as a unit of economic measure. USD for a lack of a better phrase, has officially been "dismissed from all monetary relevance" as of 1/1/16.

    - All sovereign debts (including new/old petrol crude and brent oil sales) are now being settled via Chinese Yuan, Russian Rubbles or gold bullion.  The USD/petrol dollar is no longer being accepted as the legal tender of the USA, which includes former US allies Saudi Arabia and all OPEC nations.

    - The spot price of gold is now set by the Shanghai Gold Exchange (SGE), which has permanently replaced the London Gold Exchange (LGE) as the global metals pricing chief steward.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

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