RickLibby: CREDITS AND HEARTFELT APPRECIATION TO PIANISTPAM SA1&SA2 FOR THESE NOTES

Date: September 2, 2015 at 9:30:13 PM CD      Subject: CC notes

CC – Frank Sept.2   We’re going to talk about the bonds.

Turn to Abadi and Shabibi instead of the monetary reform.

Information is prudent, important and is about the MR but you need to know some things going on in the background – the Mid-east could be very confusing let alone their customs, their ways, that are foreign and alien in the US.

Article: Re-investigation in the case of Dr. Shabibi with the CBI. That’s false…nobody is investigating Dr. S. as we told you.

He’s coming back to the Central Bank of Iraq. What is he going to do when he comes back? He’s going to fix the mess in the CBI.
….

Dr. S and A want the MR to flow….but it has to be done correctly. If you’re not a mathematician or economist, you don’t know what’s going on. You should have a target and a goal, but you need to study the MR.

You think Maliki is loose and free and deserves to be more than Dr. – the article’s translation is messed up. It’s the judges who are being investigated because they took a payola from Maliki who stole everything. But we told you they’ve gotten it back….but not activated because it’s not fine yet. These judges are corrupt…

#1 – Dr. Shabibi said when he left – GIVE ME STABILITY. In order to see that date you want so badly –

When he left he was working on the MR – it was supposed to be released in 2012 – the latest 2013.

He doesn’t fear anything or anyone because I-team surrounds him 24/7 – sometimes re-assigned differently. BTW, you’re here and so is your soul mate. We need security and stability. The MR is no where complete. (Is Frank looking forward to later….?) No dates. We’re not ready though a lot of the things are done.

#2 – Dr. S wants the banks back…all those things he was accused of, they don’t have the laws yet.

All these things FUNCTIONING with LAWS funding and good stuff….and for Maliki to be gone…and he’s still causing trouble. The MR is a separate issue.

#3 – Then, Dr. S comes back and ACTIVATES the LAWS….The MR was supposed to be done in 2012-13 but Obama and M both said..bye bye. The MR is active, moving, constructive, amazing….but he will come back to clean up the mess.

Alleck wants to activate the 50 and 100K notes…that’s hyper-inflation. He’s dangerous and his time is coming up, BTW….we’ll tell you when. Even when Dr. S comes back allow him to use the weapons that he’s got from the IMF is still sitting in the top right hand door ready to be activated. What good does a green light without a green zone do without Iraq?

So, on the 11th of Sept. 2015, IMO – in a sentence – “On the 11th of Sept, if you were in Iraq you would be leaving for an important meeting in the USA.” That would be our keyword for the next 2-3 weeks. Keyword “green light”.

There’s a committee that’s a delegation coming from Iraq to the US – they’re already here – on the 11th there will be more. They’re here for the bonds…Delta will give you the report, but I have intel about the bonds that Delta doesn’t have.

They gave them a B rating for the bonds – everyone said it was a B- — but it was a dash…it’s a B…but that’s not enough. Dr. S said what’s this about when we’re about to do the bonds? So they started to haggle and kept it going…we told you there’s 3 rating companies: Finch, Standard’s & Poor, and Moody. If you’re not an economic person, mathematician, you’re not going to know this. We took it to the point where we almost burned it. They came out with the bonds (at 1095) but the citizens rejected them.

When the 3 ratings come out it’s within 30 days that rate is active and ready to go….30 days has gone by and I don’t see any change in the IQD…it’s still 1166. So they shoved the bonds (it’s too deep to go into). There’s no credit ratings from the other two companies – they were told DON’T RELEASE THE RATE until we get the bonds out and that simply caused a lot of fighting and talking.

It was Dr. S talking to everyone – Switzerland, Germany, the UK, the Green Zone – and a couple of times over the years in the US…so normally these 3 agencies follow suit, but they’re not going to sell the bonds, but not until they’re correct.

The international world will be introduced but they will fail…and those who are allowed at that meeting will be told about the bonds that will be international and accepted. This meeting will change things and allow it to be international and then the above steps will happen and Dr. S.will return.

After this meeting in the US, they’ll move to the UK…at this meeting on the 11th, they’ll also talk about DAASH – note, none of our teams like to call them ISIS – we told you this months ago. At the meeting they will talk about the bonds but a change in the US stance and approach.

Iran is becoming a big problem…we started to plant those seeds earlier….how they will now approach DAASH and approach Iran. No, they will never sell these international bonds – we left on a historical day and returned to you on a historiacal because we know what they’re doing.

England – UK – London…they will sell these bonds when they come out – unless they sell them in USDollars, and return the rate later in IQD, the key is they must sell them in USD’s…if they don’t the MR will go into next year. The time frame with the other companies, this could be launched…but they must be sold in USD’s…that’s extremely important in the beginning steps because later they can deal with their IQD’s.

The nation of Iran have lit a fire with many that are in a position to determine the pace of the MR with the IQD especially to Dr. S and Abadi. This is extremely useful…was it done on purpose?

A is moving at the speed of life and there’s more than the speed that he’s moving at…so much more to it, but there’s an atmosphere in the media in the mid-east that must follow a protocol. So, let me tell you – Iran is causing problems with Shiites and Maliki is the fuel with this.

 The Shites with the problems they’re creating with Abadi (you go, A!) It started when A told Iran in general – you and your troops, get out of my country and go back to Iran. This Iran general (not saying his name) goes to Sistani, the holy man of Iraq, and the holy man didn’t even say anyting to him and didn’t grant the request or meeting for him to complain to him. Sistani wrote A a letter saying he just turned down a meeting and step on the gas faster.

Now you know all these pieces you’ve heard about…it’s making sense. When that happened all hell broke loose and we had to come up with something. Iran…he’s all yours. Why isn’t he in prison…? You keep your enemies closer until we drain everything out of him.

So they’re going to lift Iran’s sanctions….same with Maliki. The Shiites started losing credibility that are in Iraq and they need to survive if they’re going to be a part of the GOI – backing up Maliki and Iran? Many Shiites have abandoned their stands…those who have left are hard-liners, stubborn and very old.

With A moving at the speed of life, A wasn’t able to move at the speed of light…IOO he did not move fast enough as teams. He had it in his hands with Maliki right there…with the laws, but IMO he was too cautious.

Right now, my teams would call this a “Mexican stand-off”….This is the posture taken in the mid-east. So, you’re going to do this and that, Iran? Yes, We’re going to inspect your plans, do trade, take you to NATO…approved! The next thing you know, in 24 hours Iran is shipping out huge oil tankers out – the US said we need to talk about this! O said he needs the votes to approve it…but no you don’t. You think you have major votes that you can overrule….no, because it’s a DONE DEAL and that’s why Iran is saying “shove it”.

We’ll inspect ourselves…our currency? We will raise the value of it. Do the same thing they’re doing in Iraq – cover it up…but no we can’t. These guys are dangerous….all of a sudden Iran is pushing oil more than Iraq now. One side or the other will eventually break.

We still have Maliki from 2012 – now…we still have Maliki. We should have had trials…the golden gate to remove him and restart the MR. It should have been done already…

Dr. S and A, if you’re listening, I’m begging you, M is a lost cause and you’re done with him…deal with him, get rid of him, and that’s the only way Dr. S’s going to come back. We all know it. A was too cautious over the last 2 months.

Security is speeding up and we believe that on Sept. 14th – there will be a 6 month period where Iran’s rial will go through its MR.

You have to understand though that the ICB is not like the CBI…understand this! The Iranian central bank do not sell their currency to speculators like you and me. The rial is about to go through a MR because their sanctions have been lifted. You cannot buy it from their central bank, the middle east…there IS NO EXECUTIVE ORDER now. You can buy it from a US bank inventory!

Don’t go to E-bay, Craigslist, or bogus list. Legally, write this down, for you to bring the Iranian rials into the US and to let the Iranian rial outside of the outside it’s due to sanctions being lifted.

Erase that: IT IS ILLEGAL TO BRING THE IRANIAN RIAL INTO THE USA, and IT’S ILLEGAL TO LET THE IRANIAN RIAL OUTSIDE, BUT OKAY INSIDE THE US FROM A BANK’S INVENTORY BECAUSE THE IRANIAN CENTRAL BANK WILL NOT SELL THEIR CURRENCY TO ANYBODY.

You can buy this currency but make sure you know how you’re buying it…that’s the only way that the rial is selling it. The only legal way. It’s only through a business transaction – no speculator whatsoever.

Delta, talk to the family about the bonds that are now finally being introduced.

DELTA: There’s a lot of processes about the bonds…we know that the Iraqi budget, because of the oil, has gone down now and they need the money. They’re going to have so many kinds of bonds…right now, the bonds denominated in dollars….we can submit the form to the CBI. The bonds were supposed to start at the end of July. The CBI said they’d extend the sale of those bonds to the end of Sept.

Secondly, we have information that a huge delegation will be in the US and England…they will sell 5 billion dollars they’ve tried to sell with JP Morgan and Citibank…and Deutch bank…they’re ready but not issued yet.

I’m waiting for the bonds denominated in dinars. An article came up with bonds that are in dinars, but we all know why the CBI doesn’t want to do.

The CBI has coins – not ready yet – when the exchange rate increases, they’re not able to sell bonds so they have to find another way to make money – with currency and gold.

International bonds – does the rate have to come up before? First, those bonds, international bonds, aren’t issued yet. They’re going to talk to everybody. We know that in 2006, the government issued the bonds for the first time….I told you at that time they gave them special exceptions but have to come up with those bonds to mature in 2028. In 2006 we didn’t see them in negotiations…

I believe that those bonds will go right away and they’ll have a hard time selling them. IMO – think about it – why should anybody buy bonds that has a credit rating of B? A lot of countries are trying to bunk the dollar. If you go to the bankers, try to convince them to sell the bonds….investors will ask how can they get their money back. They have to really sell the bonds.

I COULDN’T KEEP UP WITH DELTA….HE’S ALL OVER THE PLACE WITH INCOMPLETE SENTENCES, THEN OFF TO ANOTHER SUBJECT….

Please listen to the recording for Deltas full report:

*****************

KTFA Wednesday Night Conference Call

Approx.  152 minutes long

PLAYBACK # : 641.715.3639     PIN: 156996#

https://www.freeconferencecallhd.com/playback_rudd/?n=OTQCw/uSVLh

RickLibby: CREDITS AND HEARTFELT APPRECIATION TO PIANISTPAM SA1&SA2 FOR THESE NOTES

Date: September 2, 2015 at 9:30:13 PM CD      Subject: CC notes

CC – Frank Sept.2   We’re going to talk about the bonds.

Turn to Abadi and Shabibi instead of the monetary reform.

Information is prudent, important and is about the MR but you need to know some things going on in the background – the Mid-east could be very confusing let alone their customs, their ways, that are foreign and alien in the US.

Article: Re-investigation in the case of Dr. Shabibi with the CBI. That’s false…nobody is investigating Dr. S. as we told you.

He’s coming back to the Central Bank of Iraq. What is he going to do when he comes back? He’s going to fix the mess in the CBI.
….

Dr. S and A want the MR to flow….but it has to be done correctly. If you’re not a mathematician or economist, you don’t know what’s going on. You should have a target and a goal, but you need to study the MR.

You think Maliki is loose and free and deserves to be more than Dr. – the article’s translation is messed up. It’s the judges who are being investigated because they took a payola from Maliki who stole everything. But we told you they’ve gotten it back….but not activated because it’s not fine yet. These judges are corrupt…

#1 – Dr. Shabibi said when he left – GIVE ME STABILITY. In order to see that date you want so badly –

When he left he was working on the MR – it was supposed to be released in 2012 – the latest 2013.

He doesn’t fear anything or anyone because I-team surrounds him 24/7 – sometimes re-assigned differently. BTW, you’re here and so is your soul mate. We need security and stability. The MR is no where complete. (Is Frank looking forward to later….?) No dates. We’re not ready though a lot of the things are done.

#2 – Dr. S wants the banks back…all those things he was accused of, they don’t have the laws yet.

All these things FUNCTIONING with LAWS funding and good stuff….and for Maliki to be gone…and he’s still causing trouble. The MR is a separate issue.

#3 – Then, Dr. S comes back and ACTIVATES the LAWS….The MR was supposed to be done in 2012-13 but Obama and M both said..bye bye. The MR is active, moving, constructive, amazing….but he will come back to clean up the mess.

Alleck wants to activate the 50 and 100K notes…that’s hyper-inflation. He’s dangerous and his time is coming up, BTW….we’ll tell you when. Even when Dr. S comes back allow him to use the weapons that he’s got from the IMF is still sitting in the top right hand door ready to be activated. What good does a green light without a green zone do without Iraq?

So, on the 11th of Sept. 2015, IMO – in a sentence – “On the 11th of Sept, if you were in Iraq you would be leaving for an important meeting in the USA.” That would be our keyword for the next 2-3 weeks. Keyword “green light”.

There’s a committee that’s a delegation coming from Iraq to the US – they’re already here – on the 11th there will be more. They’re here for the bonds…Delta will give you the report, but I have intel about the bonds that Delta doesn’t have.

They gave them a B rating for the bonds – everyone said it was a B- — but it was a dash…it’s a B…but that’s not enough. Dr. S said what’s this about when we’re about to do the bonds? So they started to haggle and kept it going…we told you there’s 3 rating companies: Finch, Standard’s & Poor, and Moody. If you’re not an economic person, mathematician, you’re not going to know this. We took it to the point where we almost burned it. They came out with the bonds (at 1095) but the citizens rejected them.

When the 3 ratings come out it’s within 30 days that rate is active and ready to go….30 days has gone by and I don’t see any change in the IQD…it’s still 1166. So they shoved the bonds (it’s too deep to go into). There’s no credit ratings from the other two companies – they were told DON’T RELEASE THE RATE until we get the bonds out and that simply caused a lot of fighting and talking.

It was Dr. S talking to everyone – Switzerland, Germany, the UK, the Green Zone – and a couple of times over the years in the US…so normally these 3 agencies follow suit, but they’re not going to sell the bonds, but not until they’re correct.

The international world will be introduced but they will fail…and those who are allowed at that meeting will be told about the bonds that will be international and accepted. This meeting will change things and allow it to be international and then the above steps will happen and Dr. S.will return.

After this meeting in the US, they’ll move to the UK…at this meeting on the 11th, they’ll also talk about DAASH – note, none of our teams like to call them ISIS – we told you this months ago. At the meeting they will talk about the bonds but a change in the US stance and approach.

Iran is becoming a big problem…we started to plant those seeds earlier….how they will now approach DAASH and approach Iran. No, they will never sell these international bonds – we left on a historical day and returned to you on a historiacal because we know what they’re doing.

England – UK – London…they will sell these bonds when they come out – unless they sell them in USDollars, and return the rate later in IQD, the key is they must sell them in USD’s…if they don’t the MR will go into next year. The time frame with the other companies, this could be launched…but they must be sold in USD’s…that’s extremely important in the beginning steps because later they can deal with their IQD’s.

The nation of Iran have lit a fire with many that are in a position to determine the pace of the MR with the IQD especially to Dr. S and Abadi. This is extremely useful…was it done on purpose?

A is moving at the speed of life and there’s more than the speed that he’s moving at…so much more to it, but there’s an atmosphere in the media in the mid-east that must follow a protocol. So, let me tell you – Iran is causing problems with Shiites and Maliki is the fuel with this.

 The Shites with the problems they’re creating with Abadi (you go, A!) It started when A told Iran in general – you and your troops, get out of my country and go back to Iran. This Iran general (not saying his name) goes to Sistani, the holy man of Iraq, and the holy man didn’t even say anyting to him and didn’t grant the request or meeting for him to complain to him. Sistani wrote A a letter saying he just turned down a meeting and step on the gas faster.

Now you know all these pieces you’ve heard about…it’s making sense. When that happened all hell broke loose and we had to come up with something. Iran…he’s all yours. Why isn’t he in prison…? You keep your enemies closer until we drain everything out of him.

So they’re going to lift Iran’s sanctions….same with Maliki. The Shiites started losing credibility that are in Iraq and they need to survive if they’re going to be a part of the GOI – backing up Maliki and Iran? Many Shiites have abandoned their stands…those who have left are hard-liners, stubborn and very old.

With A moving at the speed of life, A wasn’t able to move at the speed of light…IOO he did not move fast enough as teams. He had it in his hands with Maliki right there…with the laws, but IMO he was too cautious.

Right now, my teams would call this a “Mexican stand-off”….This is the posture taken in the mid-east. So, you’re going to do this and that, Iran? Yes, We’re going to inspect your plans, do trade, take you to NATO…approved! The next thing you know, in 24 hours Iran is shipping out huge oil tankers out – the US said we need to talk about this! O said he needs the votes to approve it…but no you don’t. You think you have major votes that you can overrule….no, because it’s a DONE DEAL and that’s why Iran is saying “shove it”.

We’ll inspect ourselves…our currency? We will raise the value of it. Do the same thing they’re doing in Iraq – cover it up…but no we can’t. These guys are dangerous….all of a sudden Iran is pushing oil more than Iraq now. One side or the other will eventually break.

We still have Maliki from 2012 – now…we still have Maliki. We should have had trials…the golden gate to remove him and restart the MR. It should have been done already…

Dr. S and A, if you’re listening, I’m begging you, M is a lost cause and you’re done with him…deal with him, get rid of him, and that’s the only way Dr. S’s going to come back. We all know it. A was too cautious over the last 2 months.

Security is speeding up and we believe that on Sept. 14th – there will be a 6 month period where Iran’s rial will go through its MR.

You have to understand though that the ICB is not like the CBI…understand this! The Iranian central bank do not sell their currency to speculators like you and me. The rial is about to go through a MR because their sanctions have been lifted. You cannot buy it from their central bank, the middle east…there IS NO EXECUTIVE ORDER now. You can buy it from a US bank inventory!

Don’t go to E-bay, Craigslist, or bogus list. Legally, write this down, for you to bring the Iranian rials into the US and to let the Iranian rial outside of the outside it’s due to sanctions being lifted.

Erase that: IT IS ILLEGAL TO BRING THE IRANIAN RIAL INTO THE USA, and IT’S ILLEGAL TO LET THE IRANIAN RIAL OUTSIDE, BUT OKAY INSIDE THE US FROM A BANK’S INVENTORY BECAUSE THE IRANIAN CENTRAL BANK WILL NOT SELL THEIR CURRENCY TO ANYBODY.

You can buy this currency but make sure you know how you’re buying it…that’s the only way that the rial is selling it. The only legal way. It’s only through a business transaction – no speculator whatsoever.

Delta, talk to the family about the bonds that are now finally being introduced.

DELTA: There’s a lot of processes about the bonds…we know that the Iraqi budget, because of the oil, has gone down now and they need the money. They’re going to have so many kinds of bonds…right now, the bonds denominated in dollars….we can submit the form to the CBI. The bonds were supposed to start at the end of July. The CBI said they’d extend the sale of those bonds to the end of Sept.

Secondly, we have information that a huge delegation will be in the US and England…they will sell 5 billion dollars they’ve tried to sell with JP Morgan and Citibank…and Deutch bank…they’re ready but not issued yet.

I’m waiting for the bonds denominated in dinars. An article came up with bonds that are in dinars, but we all know why the CBI doesn’t want to do.

The CBI has coins – not ready yet – when the exchange rate increases, they’re not able to sell bonds so they have to find another way to make money – with currency and gold.

International bonds – does the rate have to come up before? First, those bonds, international bonds, aren’t issued yet. They’re going to talk to everybody. We know that in 2006, the government issued the bonds for the first time….I told you at that time they gave them special exceptions but have to come up with those bonds to mature in 2028. In 2006 we didn’t see them in negotiations…

I believe that those bonds will go right away and they’ll have a hard time selling them. IMO – think about it – why should anybody buy bonds that has a credit rating of B? A lot of countries are trying to bunk the dollar. If you go to the bankers, try to convince them to sell the bonds….investors will ask how can they get their money back. They have to really sell the bonds.

I COULDN’T KEEP UP WITH DELTA….HE’S ALL OVER THE PLACE WITH INCOMPLETE SENTENCES, THEN OFF TO ANOTHER SUBJECT….

Please listen to the recording for Deltas full report:

*****************

KTFA Wednesday Night Conference Call

Approx.  152 minutes long

PLAYBACK # : 641.715.3639     PIN: 156996#

https://www.freeconferencecallhd.com/playback_rudd/?n=OTQCw/uSVLh

International Prayer Call Thursday Night 7pm ET

641 715 3660    406878#

Exciting things happening in the secret place, flowing grace glory blessings awesome favor doors opening. When in the arms of the giver great wonderful things happen.

Stress of life gone replaced by joy and content. Just letting go of junk brings such deep happiness, when you don’t worry about it because Jesus has it covered. A lot of times our problem is the neck up. We worry too much instead of having trust and faith. Shalom Shalom
God Bless
Pastors Ed & Kat
heavenlyhealingministries.org, Ck out events on web site we maybe going to be near you Sept 12

Thanks Dinar Recaps for all your help in the community

KTFA:

Frank26:  On last night’s CC …….. At the perfect timing …….. i pointed at my GOLD ring.

You had to be there to better understand.

Then WS shows You this TODAY. (See Article Below)

You see …….. GOLD does not fail with the CITIZENS nor INTERNATIONAL WORLD like with the 2006 BONDS nor the 2015 Domestic BONDS do. IOO …….. CITIZENS will do bank business with GOLD having to buy it with Dinars and we will buy their GOLD in our currency.

Why?    Well look at Your notes from last night’s CC ………. Liquidity to the Budget/RI but most of all ……….. RESTORATION OF THEIR FAILURES WITH M IN THE PAST !!!

Or PHASE 2 with INTERNATIONAL BONDS will fail.
….

This cannot happen.

They MUST get it correct this time. They must re-gain Faith by ALL to buy into IRAQ again.

Study this well.  Thank You WS ……. DELTA …… ITEAM and all FF’s for MONDAY CC last night !!!

KTFA   Frank

***************

Walkingstick:   Highly motivated to buy gold bullion

3/9/2015 0:00

Baghdad Joseph Zayer
met with the process of selling gold bullion launched by the Iraqi Central Bank to boost liquidity large turnout by citizens and interested in dealing with the precious metal.

According to the Director General of the release and cabinets in the Iraqi Central Bank’s «morning» remarks the very good turnout and still sell bullion operations continuous, and this turnout reflects citizens’ awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis and transit.

Dr. Ihsan Shomran Yasiri He noted that the bank did not put non-small margin on the price of ingot is currently only one percent, which represents an administrative cost in line with the Bank’s policy to encourage the citizens of the Optional savings to diversify its means and put forward different options for him, where the bank also continues to sell bonds after that extended the completion date of sales to the end of the month of September. In a statement released earlier, and I followed the «morning» by the Central Bank of Iraq explained that he put bullion in order to diversify the public savings and ensure that they get the gold 24 carat

The statement continued, «the Iraqi Central Bank has contracted with a leading global coined bullion companies Stamping gold bullion weights ( 5, 10, 15, 20, 25 and 50) g and put up for sale through banks and through its center in Baghdad for employees ». The statement continued, «the bank will basic alloy of big weights (100 250 500 and 1000) and GM launched soon. Bank has called for banks to submit their requests to the General Directorate for issuance and cabinets to buy quantities you wish to purchase for its own account or on behalf of the public. The selling price was determined on the basis of cost and out of Baghdad International Airport plus administrative uploads by 1 percent.

http://www.alsabaah.iq/ArticleShow.aspx?ID=99425

**************

Walkingstick :  No worries on the Iraqi currency against other currencies

The front page – Baghdad / follow-up justice – 0:52 – 03/09/2015 –

Member confirmed in the economic and investment commission in Parliament, that does not fear the Iraqi currency against other currencies. Said committee member Najiba Najib, he said that “the Iraqi currency strong as the $ 100 equal to 120 thousand dinars, or nearly approach it,” she said, “There is no fear on the Iraqi currency against other currencies.” With regard to the budget next year, 2016, he stated that “the budget so far the Ministry of Finance did everything related expenditure side and the revenue is completed, as it has so far not decided the price of oil Evaluator, and the reforms package has not been completed in order to know the expenses that have been reduced rate.” .

The prime minister Haider al-Abadi, said in the 17 of last July, said that “the Iraqi currency Mahfouz and the dinar has great economic strength, and is considered hard currency because it propped also that Iraq has the potential and capabilities and we have the blessing of oil,” he said. “There is no fear on the Iraqi dinar exchange rate against the dollar the US, and the dollar will strike prices manipulators with an iron fist.

“Meanwhile explained the parliamentary finance committee member Majda al-Tamimi, there will be directed to the internal and external borrowing to bridge the lack of budget. Tamimi said that “the budget of the country suffer from financial shortage due to lower world oil prices therefore are heading to borrow to fill the lack of budget.” She stressed the necessity of activating all sectors to supplement the budget with money and fill the shortfall in them.  Link

*****************

Walkingstick:  Group of Twenty IMF Note — G-20 Finance Ministers and Central Bank Governors Meeting

IMF Note on Global Prospects and Policy Challenges
September 4-5, 2015

The Following executive summary is from a note by the Staff of the IMF prepared for the September 4-5, 2015 G-20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey.

Executive Summary


Global growth remains moderate, reflecting a further slowdown in emerging economies and a weak recovery in advanced economies. In an environment of rising financial market volatility, declining commodity prices, weaker capital inflows, and depreciating emerging market currencies, downside risks to the outlook have risen, particularly for emerging markets and developing economies.

Global growth in the first half of 2015 was lower than in the second half of 2014, reflecting a further slowdown in emerging economies and a weaker recovery in advanced economies. In advanced economies, weaker exports, partly reflecting temporary factors, and a slowdown in domestic demand were key factors.

 

Productivity growth has been persistently weak. In emerging economies, the slowdown reflects a continuation of the adjustment after the investment and credit boom post-crisis, together with the fallout from declining commodity prices, geopolitical tensions, and conflict in a number of countries. In advanced economies, economic activity is projected to pick up modestly in the 2nd half of the year and into 2016. In emerging economies growth this year is projected to slow again relative to 2014; some rebound is projected next year, as conditions in distressed economies, while remaining difficult, are projected to improve.

Financial conditions for emerging economies have tightened. In an environment of rising financial market volatility, dollar bond spreads and long-term local currency bond yields have increased relative to the spring, stock prices have weakened, and capital inflows have declined. Emerging market currencies have generally depreciated, reflecting weakening commodity prices, concerns about the growth transition in China, an increase in risk aversion, and expectations of a lift-off in policy rates in the United States. In contrast, financial conditions in advanced economies continue to be easy. On the back of weak demand, safe real interest rates remain low, despite some widening of spreads, even as the policy rate lift-off approaches in the United States.

Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook. Near-term downside risks for emerging economies have increased, given the combination of China’s growth transition, lower commodity prices, potential adverse corporate balance sheet and funding challenges related to a dollar appreciation, and capital flow reversals and disruptive asset price shifts.

Strong mutual policy action is needed to raise growth and mitigate risks:


Advanced economies should maintain supportive policies. In most advanced economies substantial output gaps and below-target inflation suggest that the monetary stance must stay accommodative. Fiscal policy should remain growth friendly and be anchored in credible medium-term plans. Managing high public debt in a low-growth and low-inflation environment remains a key challenge.

In many emerging economies, policy space to support growth remains limited. The commodity price declines over the past year have alleviated inflation pressures and mitigated external vulnerabilities in net commodity importers, but increased external and fiscal vulnerabilities in commodity exporters. Oil exporters that have accumulated savings and have fiscal space can let fiscal deficits increase and allow a more gradual adjustment of public spending.

For floaters with less policy space, exchange rate flexibility will be a critical buffer to the shock. This may require improving macroeconomic policy frameworks in some countries and keeping balance sheet exposures manageable.

Decisive structural reforms are needed to raise potential output and productivity across the G-2members. Labor market reforms in advanced economies undergoing population aging should aim at raising labor participation, and actions to increase labor demand and remove impediments to employment are also needed in euro area economies and some emerging markets. Reforms to improve the functioning of product markets are also needed in Japan and the euro area, and reforms to improve productivity and raise potential output are key in many emerging economies. Joint policy efforts by deficit and surplus economies are needed to reduce excess imbalances while sustaining growth.

http://www.imf.org/external/np/g20/090415.htm

JDTolle:  » September 3rd, 2015,Now add some action

You’ve got a big, exciting dream. Now add some action to it.

You’ve considered, planned and prepared. Now add some action.

You’re full of hope, and have worked yourself into a positive attitude. Now bring it all home with some good, solid action.

Are you wondering whether your idea has any merit? Put it into action and find out.

There’s a time for planning, for thinking, for talking and for preparing a detailed strategy. Then comes the time to put that strategy into action.

The possibilities of now are great, and they’re calling to you. Now, add some action.

Ralph Marston   Wishing All a safe and blessed day   JDT

P.S. Nothing will ever be attempted if all possible objections must first be overcome.
— Samuel Johnson

KTFA:

Frank26:  On last night’s CC …….. At the perfect timing …….. i pointed at my GOLD ring.

You had to be there to better understand.

Then WS shows You this TODAY. (See Article Below)

You see …….. GOLD does not fail with the CITIZENS nor INTERNATIONAL WORLD like with the 2006 BONDS nor the 2015 Domestic BONDS do. IOO …….. CITIZENS will do bank business with GOLD having to buy it with Dinars and we will buy their GOLD in our currency.

Why?    Well look at Your notes from last night’s CC ………. Liquidity to the Budget/RI but most of all ……….. RESTORATION OF THEIR FAILURES WITH M IN THE PAST !!!

Or PHASE 2 with INTERNATIONAL BONDS will fail.
….

This cannot happen.

They MUST get it correct this time. They must re-gain Faith by ALL to buy into IRAQ again.

Study this well.  Thank You WS ……. DELTA …… ITEAM and all FF’s for MONDAY CC last night !!!

KTFA   Frank

***************

Walkingstick:   Highly motivated to buy gold bullion

3/9/2015 0:00

Baghdad Joseph Zayer
met with the process of selling gold bullion launched by the Iraqi Central Bank to boost liquidity large turnout by citizens and interested in dealing with the precious metal.

According to the Director General of the release and cabinets in the Iraqi Central Bank’s «morning» remarks the very good turnout and still sell bullion operations continuous, and this turnout reflects citizens’ awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis and transit.

Dr. Ihsan Shomran Yasiri He noted that the bank did not put non-small margin on the price of ingot is currently only one percent, which represents an administrative cost in line with the Bank’s policy to encourage the citizens of the Optional savings to diversify its means and put forward different options for him, where the bank also continues to sell bonds after that extended the completion date of sales to the end of the month of September. In a statement released earlier, and I followed the «morning» by the Central Bank of Iraq explained that he put bullion in order to diversify the public savings and ensure that they get the gold 24 carat

The statement continued, «the Iraqi Central Bank has contracted with a leading global coined bullion companies Stamping gold bullion weights ( 5, 10, 15, 20, 25 and 50) g and put up for sale through banks and through its center in Baghdad for employees ». The statement continued, «the bank will basic alloy of big weights (100 250 500 and 1000) and GM launched soon. Bank has called for banks to submit their requests to the General Directorate for issuance and cabinets to buy quantities you wish to purchase for its own account or on behalf of the public. The selling price was determined on the basis of cost and out of Baghdad International Airport plus administrative uploads by 1 percent.

http://www.alsabaah.iq/ArticleShow.aspx?ID=99425

**************

Walkingstick :  No worries on the Iraqi currency against other currencies

The front page – Baghdad / follow-up justice – 0:52 – 03/09/2015 –

Member confirmed in the economic and investment commission in Parliament, that does not fear the Iraqi currency against other currencies. Said committee member Najiba Najib, he said that “the Iraqi currency strong as the $ 100 equal to 120 thousand dinars, or nearly approach it,” she said, “There is no fear on the Iraqi currency against other currencies.” With regard to the budget next year, 2016, he stated that “the budget so far the Ministry of Finance did everything related expenditure side and the revenue is completed, as it has so far not decided the price of oil Evaluator, and the reforms package has not been completed in order to know the expenses that have been reduced rate.” .

The prime minister Haider al-Abadi, said in the 17 of last July, said that “the Iraqi currency Mahfouz and the dinar has great economic strength, and is considered hard currency because it propped also that Iraq has the potential and capabilities and we have the blessing of oil,” he said. “There is no fear on the Iraqi dinar exchange rate against the dollar the US, and the dollar will strike prices manipulators with an iron fist.

“Meanwhile explained the parliamentary finance committee member Majda al-Tamimi, there will be directed to the internal and external borrowing to bridge the lack of budget. Tamimi said that “the budget of the country suffer from financial shortage due to lower world oil prices therefore are heading to borrow to fill the lack of budget.” She stressed the necessity of activating all sectors to supplement the budget with money and fill the shortfall in them.  Link

*****************

Walkingstick:  Group of Twenty IMF Note — G-20 Finance Ministers and Central Bank Governors Meeting

IMF Note on Global Prospects and Policy Challenges
September 4-5, 2015

The Following executive summary is from a note by the Staff of the IMF prepared for the September 4-5, 2015 G-20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey.

Executive Summary


Global growth remains moderate, reflecting a further slowdown in emerging economies and a weak recovery in advanced economies. In an environment of rising financial market volatility, declining commodity prices, weaker capital inflows, and depreciating emerging market currencies, downside risks to the outlook have risen, particularly for emerging markets and developing economies.

Global growth in the first half of 2015 was lower than in the second half of 2014, reflecting a further slowdown in emerging economies and a weaker recovery in advanced economies. In advanced economies, weaker exports, partly reflecting temporary factors, and a slowdown in domestic demand were key factors.

 

Productivity growth has been persistently weak. In emerging economies, the slowdown reflects a continuation of the adjustment after the investment and credit boom post-crisis, together with the fallout from declining commodity prices, geopolitical tensions, and conflict in a number of countries. In advanced economies, economic activity is projected to pick up modestly in the 2nd half of the year and into 2016. In emerging economies growth this year is projected to slow again relative to 2014; some rebound is projected next year, as conditions in distressed economies, while remaining difficult, are projected to improve.

Financial conditions for emerging economies have tightened. In an environment of rising financial market volatility, dollar bond spreads and long-term local currency bond yields have increased relative to the spring, stock prices have weakened, and capital inflows have declined. Emerging market currencies have generally depreciated, reflecting weakening commodity prices, concerns about the growth transition in China, an increase in risk aversion, and expectations of a lift-off in policy rates in the United States. In contrast, financial conditions in advanced economies continue to be easy. On the back of weak demand, safe real interest rates remain low, despite some widening of spreads, even as the policy rate lift-off approaches in the United States.

Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook. Near-term downside risks for emerging economies have increased, given the combination of China’s growth transition, lower commodity prices, potential adverse corporate balance sheet and funding challenges related to a dollar appreciation, and capital flow reversals and disruptive asset price shifts.

Strong mutual policy action is needed to raise growth and mitigate risks:


Advanced economies should maintain supportive policies. In most advanced economies substantial output gaps and below-target inflation suggest that the monetary stance must stay accommodative. Fiscal policy should remain growth friendly and be anchored in credible medium-term plans. Managing high public debt in a low-growth and low-inflation environment remains a key challenge.

In many emerging economies, policy space to support growth remains limited. The commodity price declines over the past year have alleviated inflation pressures and mitigated external vulnerabilities in net commodity importers, but increased external and fiscal vulnerabilities in commodity exporters. Oil exporters that have accumulated savings and have fiscal space can let fiscal deficits increase and allow a more gradual adjustment of public spending.

For floaters with less policy space, exchange rate flexibility will be a critical buffer to the shock. This may require improving macroeconomic policy frameworks in some countries and keeping balance sheet exposures manageable.

Decisive structural reforms are needed to raise potential output and productivity across the G-2members. Labor market reforms in advanced economies undergoing population aging should aim at raising labor participation, and actions to increase labor demand and remove impediments to employment are also needed in euro area economies and some emerging markets. Reforms to improve the functioning of product markets are also needed in Japan and the euro area, and reforms to improve productivity and raise potential output are key in many emerging economies. Joint policy efforts by deficit and surplus economies are needed to reduce excess imbalances while sustaining growth.

http://www.imf.org/external/np/g20/090415.htm

JDTolle:  » September 3rd, 2015,Now add some action

You’ve got a big, exciting dream. Now add some action to it.

You’ve considered, planned and prepared. Now add some action.

You’re full of hope, and have worked yourself into a positive attitude. Now bring it all home with some good, solid action.

Are you wondering whether your idea has any merit? Put it into action and find out.

There’s a time for planning, for thinking, for talking and for preparing a detailed strategy. Then comes the time to put that strategy into action.

The possibilities of now are great, and they’re calling to you. Now, add some action.

Ralph Marston   Wishing All a safe and blessed day   JDT

P.S. Nothing will ever be attempted if all possible objections must first be overcome.
— Samuel Johnson

Mnt Goat:  …not only is the CBI making an effort to prevent money laundering but now we see the GOI (under Abadi’s direction) finally stepping it up and going after the culprits…beginning the effort to clean up the CBI and its corruption as part of his phase III reforms. I personally do not think that ANY one event is “holding up” the revaluation process but simply Iraq it not yet ready. When will they be ready? WHEN EVERYTHING IS IN PLACE AND THEY (IRAQ, UN and USA) FEEL COMFORTABLE WITH THEIR SITUATION!

 

Tman23:   Emerging market bonds have been taking a beating last few weeks… NOBODY WANTS TO TOUCH THEM NOW! Good luck Iraq! Canada announced it is officially in a recession… China stock market is taking a whooping and chaos is in the streets… Japan market is taking a beating… US market lost close to 470 today… And as I was told… the money will move after the post 2015 summit…Summit starts the 14th… The amount to be invested in world infrastructure is being raised from billions to trillions… None of this is made up …it is financial world economic facts… live and in print…. That said… hopefully they plan on IQD manipulation in our speculative favor.

Thanks My Ladies for letting us share from your private chatroom

MY LADIES:  I HAVE SOMETHING I WANT TO ASK  ABOUT… WE HAVE BEEN DISCUSSING THIS SINCE YESTERDAY.. ARE YOU UP FOR IT NOVA??

I AM GOING TO ASK A QUESTION…AND I WANT YOU TO ANSWER ME HONESTLY WITH OUT GOING TO THE GOOGLE OK??

MY LADIES:  IN YOUR OWN BEST WORDS PLEASE TELL ME WHAT YOU THINK EURO BONDS ARE

AW: Debt instruments issued in the Euro.

PrincessDD:  It sounds like bonds that are sold in the EURO
….
JP:  Purchase of the debt of the European countries that enables them to attempt to right their economic ship.

12D:  bonds sold by ECB

Sands:  BONDS SOLD IN EURO FROM A GROUP OF COUNTRIES

PrincessDD:
  soverign debt of the ECB?

NF:  European bonds sold to fix European debt

JP:  Now if you had said Euro Bands I would have said The Stones and The Beatles!  Lol

MY LADIES:  OK WELL IRAQ IS ISSUING EURO BONDS

AW:  Pegged to the USD but issuing Euro Bonds????

PrincessDD:  Iraq poised to meet investors ahead of crucial bond sale – IFR http://www.reuters.com/article/2015/09/02/iraq-bonds-idUSL5N1181VZ20150902

12D:  so, the bonds are valued in euro and not usd or iqd?

MY LADIES:
NO 12D A EURO BOND IS MODELED AFTER THE EURO BUT HAS NOTHING TO DO WITH THE EURO….. A EURO BOND IS SOLD IN ANY CURRENCY BUT THE DOMESTIC CURRENCY OF THE COUNTRY SELLING THE BOND

MY LADIES: JUST LIKE THE EURO IS A BLANKET CURRENCY FOR THE EURO ZONE…

DS:  So Iraq is selling bonds in IQD?

Victoria:
They’re bonds issued in currency.-not from originating country.  used by large corps and governments.  Used to raise financing

12D: is this to bolster foreign reserves?

JP:  Okay, here is the 64,000 dinar question: What does that have to do with our investment? (I know the answer is coming!)   International actions perhaps??

MY LADIES:  OK JP HERE IT COMES BUCKLE UP…

THIS STILL MEANS NOTHING TO OUR INVESTMENT. BUT HOWEVER IF YOU FOLKS CONTINUE TO PIN YOUR LIFE ON THE ACTIONS OF IRAQ YOU WILL RIDE BAD IGHS AND LOWS.

WE CAN READ IRAQ AND RESTRUCTURE THEIR WORDS AND WE CAN MARK THEIR EVENTS ON OUR CALENDARS AND THEN MOVE THEM FAILED EVENT AFTER FAILED EVENT. BUT WE WILL STILL BE RIDING HIGHS AND LOWS…

I BRING THIS IN TODAY SO YOU ALL LET IRAQ GO. JUST LET IT GO!

THERE ARE MANY THINGS HAPPENING THAT ARE PUTTING ADDITIONAL PRESSURES ON IRAQ AND ALL EMERGING MARKETS. I HAVE BEEN SAYING FOR EVER AND EVER THAT IRAQ IS GOING TO BE REACTIONARY.

WHY ARE WE HUNG UP ON THIS BOND ISSUE OR THIS LAW ISSUE OR THIS MALIKI ISSUE? WHY? WHY DO YOU SET YOURSELF UP FOR A LET DOWN?

LOOK I TRY AND I TRY TO GET EVERYONE PAST RATE AND DATE, BUT WITH EVERY TIDBIT THAT COMES OUT OF IRAQ THE MOOD CHANGES IN HERE AND THAT NEEDS TO STOP.

WE ARE IN A PASSIVE INVESTMENT. DO WE KNOW WHAT THAT MEANS??

THAT MEANS WE CAN NOT CHART IT AND FOLLOW IT. BUT WHAT CAN WE DO? WE CAN LOOK AT ALL THE THINGS AROUND IT THAT ARE HAPPENING.

THERE IS SO MUCH INCREDIBLE NEWS HAPPENING RIGHT NOW AND IF WE DON’T TRY TO DRAW A STRAIGHT LINE TO THE DINAR WE WILL BE FINE.

MVL: We control nothing about it, the investment. We must let it come to us, and not get hung up in the weeds, looking fruitlessly for it, because that ain’t gonna happen.

MY LADIES:  I PERSONALLY….FOR MY FRAME OF MIND HAVE PUT THIS FAR OFF, BUT THAT’S JUST PART OF MY COPING MECHANISM.

BUT I’LL TELL YOU I NOW SEE THINGS THAT HAVE ME WONDERING IF THIS WILL BE MUCH SOONER

IQD NOVA:  I AGREE ML!!

MY LADIES: I READ MY SAME 4 PAPERS IN IRAQ EVERY DAY JUST TO KEEP UP FOR MYSELF, BUT WHAT IS HAPPENING IS EVEN BIGGER.

****************

MY LADIES:   NOW I HAVE ANOTHER QUESTION FOR EVERYONE… ARE YOU READY..THIS IS TO SHOW YOU SOMETHING AMAZING

OK IN YOUR OWN BEST WORDS CAN YOU TELL ME WHAT SUKUK BONDS ARE?

(Crickets )

Rejoice:
  Everybody is googling sukuk

MY LADIES: HAHAHAHAHA

MVL: Sukuk bonds are highly specialized debt instruments that are Shariah Law compliant in every respect.

MY LADIES:
  OK MVL AND WHAT ELSE??

AW: Islamic bonds

MY LADIES:  OK AW  AND WHAT DOES THAT MEAN??

MVL: There’s a BOATLOAD of those things in the global pipeline for sale, or coming up for sale!!

MY LADIES:  WHY ARE ISLAMIC BONDS DIFFERENT???

12D:
no interest?

MY LADIES:
  ALMOST 12D

AW:  The holder of the bonds realizes a gain without violating Islamic Law.

MY LADIES: HOW AW???

AW:  No interest……but you walk away with a gain.   Additional money.

MY LADIES:  SO HOW DOES HE RECOGNIZE GAIN IF NOT THRU INTEREST??

Sager:  Greater value?

MY LADIES:
  NOT EXACTLY SAGER

AW: Paid in dividends?

MY LADIES:  OK ALMOST AW…VERY GOOD…

MVL:
   Older article, but still lays out 2015:   http://aibim.com/dev/index.php/newsroom/global-news-aibim/135-sukuk-pipeline-issue-plans-around-the-world

MY LADIES:
  IF YOU HOLD SUKUK BONDS YOU ARE ACTUALLY A SHARE HOLDER OF THE COMPANY ISSUING THE BOND.

AW:
   the issuer declares  dividends paid in shares instead of interest.

MVL:  My limited understanding of Islamic religious law states it is not proper to charge your brother with interest on a loan. You are to simply help him, if you have the means Allah gave you to be in such a position. It’s also a long-standing position of some of the earliest Church fathers, centuries ago.

MVL:  Here’s a better explanation behind the Sukuk bond thinking:
http://www.islamic-banking.com/prohibition_of_interest.aspx

MY LADIES:  NOW ALL OF THE MIDDLE EAST IS SELLING BONDS RIGHT NOW…BUT MANY COUNTRIES HAVE BILLIONS IN RESERVES SO WHY ARE THEY SELLING BONDS???

12D:  to increase reserves to comply with new banking system?

MY LADIES:  12D ALMOST….. YOU GET A HALF STAR

MVL:
  Cash liquidity, without dipping into the reserves.

MY LADIES:
  THE NEW BANKING SYSTEM..IN ORDER TO CREATE REVENUE WHAT DO YOU HAVE TO CREATE?

NF: debt

MY LADIES: NF:  Two Gold Stars!

MY LADIES:
NOW I WANT YOU TO LOOK AROUND ALL AROUND THE MIDDLE EAST…AND ASIA…LOOK AT THE SUKUK PIPELINE..

MANY OF THESE COUNTRIES ARE ALSO ISSUING SOVEREIGN DEBT JUST LOOK AT WHAT THEIR DOING!!

MANY OF THESE COUNTRIES HAVE NEVER ISSUED BONDS IN THEIR LIFE…SO WHY NOW??

AND IT IS NOT THE OIL PRICES ALTHOUGH THAT MAKES GREAT CAMOUFLAUGE

MVL:  Massive investments in the Silk Road infrastructure.

NF:  strengthen and grow  their currency and ready themselves for the new banking system

SAGER –: So they can revert to their own currency?    NF you beat me to it lol

MY LADIES:
  SO I WANT YOU FOLKS TO GET YOUR HEAD BACK IN THE GAME…GET OUT OF IRAQ..

I HAVE BEEN DISTRACTED WITH OTHER THINGS THIS IS THE LAST QUARTER FOR ME AND THINGS ARE GOOFY RIGHT NOW..BUT I’M ALWAYS CLOSE BY.

WITH ALL OF THIS HAPPENING HOW ON EARTH CAN IRAQ STAY ISOLATED????

Sager:
  They can’t unless they want to die economically

Rejoice:
  Iraq cannot stay isolated, but you won’t find what you are looking for in an Iraq article or action.

MVL: Iraq is getting squeezed just like a carbon particle over thousands of years, and we all know what that action produces DIAMONDS …that will just appear. We won’t find it by looking right at it.

Reuters reports that Iraqi officials are planning to start marketing a new Eurobond following the Labor Day holiday in the U.S., which falls on 7th September.

Citigroup, Deutsche Bank and JPMorgan Chase are to be the lead managers for the deal, which is expected to be unsecured.

Iraq is hoping to raise up to US$6 billion through bond sales, the first time in nearly a decade that it has gone to the market for funding.

Iraq last issued an international bond in January 2006; that US$2.66 billion 5.80 percent deal matures in January 2028, with the note currently trading at a cash price of 75.50, to yield 10.23 percent.

Fitch recently assigned Iraqi debt a ‘junk’ rating.

LINK

Currency Auctions
Announcement No. (3028)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 3/9/2015 and the results were as follows:

DETAILS NOTES
Number of banks 23
Number of remittance companies 6
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 214,017,130
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 214,017,130
Total offers for selling (US$) —–

Currency rates from the date of (6/4/2015)

Exchange Rates up to(19/2/2015)   LINK