– Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0. 45, above expectations for USD0. 43.
The investment bank’s second quarter adjusted revenue totaled USD8. 33 billion, beating expectations for revenue of USD7. 89 billion.
Immediately after the earnings announcement, Morgan Stanley shares jumped 5% in trading prior to the opening bell.
Meanwhile, U. S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, SP 500 futures added 0. 1%, while the Nasdaq 100 futures indicated a flat – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Amos 9:13 Says:  I had a weird coincidence that happened to me last Thursday.  I have been praying constantly about the dinar not to “L0P” and was really wanting God to just show me a sign, something tangible. 

Well I decided to help out another Manager this past Thursday.  I went to her branch which this was the first time myself going to this one. 

Halfway in the day there were two ladies with the cloth over there head and a dumb redneck (of course) was talking to them about shoving husseins head in the ground.

  Well the ladies wanted to open an account.  I figured they were probably from Iraq since the idiot before them came in aggravating them.  The mom couldn’t speak much English but the daughter could.

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  I figured heck why not so I asked her if they had any dinar.  She said her mom didn’t but she still had some.  So I asked her if she ever thought it would revalue, she said it was STRANGE that I should ask that.

 She said that her mom had a vision a while ago that the dinar’s value was reinstated.  She reminded me that it use to be 3 to 1 which I knew.

Some people might think it’s just a coincidence, but I’ve NEVER seen any Middle East people come inside my branch and I’ve worked at this bank for 10 years.

 Also this is the first time I’ve worked at this particular branch.  Some will shrug it off…but I think it was God telling me once again to have faith in him.  The chances of that happening are just so slim. 

They were really nice as well.  I’m a big Christian so I was using God and jesus in about every sentence but they didn’t say anything. 

One thing I did find interesting was that she was mad at the redneck disrespecting Saddam.  She said he did some evil things but was always good towards their people. 

She mentioned about them not having any electricity when they use to visit her brother a few years back.  She said also she thought it was the govt bombing their own people to keep them quiet (the articles mentioning the poor state of their currency). 

She didn’t care much for Maliki…she said Barzani should of been president, much better for her people.  Just thought I’d throw this story out here.  I know some don’t have much faith and it’s understandable with how long we’ve waited.

I believe though that God wants to test our faith to see how much we really will follow him.  Some will sell their dinar and get out, others will hold on. 

Where men can’t do things…my God can…and to some the 2 Iraqi ladies coming in were just coincidence….to me….it was God renewing my faith.  Anything is possible in this investment…go RV!

– Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0. 45, above expectations for USD0. 43.
The investment bank’s second quarter adjusted revenue totaled USD8. 33 billion, beating expectations for revenue of USD7. 89 billion.
Immediately after the earnings announcement, Morgan Stanley shares jumped 5% in trading prior to the opening bell.
Meanwhile, U. S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, SP 500 futures added 0. 1%, while the Nasdaq 100 futures indicated a flat – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0. 45, above expectations for USD0. 43.
The investment bank’s second quarter adjusted revenue totaled USD8. 33 billion, beating expectations for revenue of USD7. 89 billion.
Immediately after the earnings announcement, Morgan Stanley shares jumped 5% in trading prior to the opening bell.
Meanwhile, U. S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, SP 500 futures added 0. 1%, while the Nasdaq 100 futures indicated a flat – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0. 45, above expectations for USD0. 43.
The investment bank’s second quarter adjusted revenue totaled USD8. 33 billion, beating expectations for revenue of USD7. 89 billion.
Immediately after the earnings announcement, Morgan Stanley shares jumped 5% in trading prior to the opening bell.
Meanwhile, U. S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, SP 500 futures added 0. 1%, while the Nasdaq 100 futures indicated a flat – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0. 45, above expectations for USD0. 43.
The investment bank’s second quarter adjusted revenue totaled USD8. 33 billion, beating expectations for revenue of USD7. 89 billion.
Immediately after the earnings announcement, Morgan Stanley shares jumped 5% in trading prior to the opening bell.
Meanwhile, U. S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, SP 500 futures added 0. 1%, while the Nasdaq 100 futures indicated a flat – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0. 45, above expectations for USD0. 43.
The investment bank’s second quarter adjusted revenue totaled USD8. 33 billion, beating expectations for revenue of USD7. 89 billion.
Immediately after the earnings announcement, Morgan Stanley shares jumped 5% in trading prior to the opening bell.
Meanwhile, U. S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, SP 500 futures added 0. 1%, while the Nasdaq 100 futures indicated a flat – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

IRAQ   2013 ARTICLE IV CONSULTATION  July 2013

I will summarize just a few interesting parts but feel free to read all the report as needed.

The word Note: is used to express my thoughts and highlights are underlined

Adequacy of international reserves

    Monetary measures: Particularly in countries with open capital accounts, the reserve coverage of the monetary base is useful to reflect the foreign exchange demand potentially arising from the conversion of commercial bank deposits.

The coverage of foreign exchange deposits indicates the capacity to meet the banking system’s liquidity needs in case of a crisis. In Iraq, owing to the high level of reserves and the limited financial development, end-2012 CBI net foreign exchange reserves covered 122 percent of reserve money and 104 percent of broad money, or approximately four times foreign exchange deposits.

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  In principle, therefore, the CBI reserves would be enough to cover the complete dollarization of the economy. Additionally, a large part of deposits are owned by government agencies and state-owned enterprises, making them less vulnerable to confidence crises.

    Comparison with peers: A regional cross-country comparison shows that the current level of reserves as a percentage of GDP is comparable to its closest peers.

Stryker Note: Kuwait and Saudi Arabia and the UAE just to name a few for you!

Please see chart on page 33

Exchange rate developments and assessment

7. The real effective exchange rate has appreciated over the last three years.

Stryker Note: When you read real effective exchange rate in the report please keep in mind that they are talking about the real effective rate set by the CBI, according to the type of exchange rate system that they are running in Iraq. We are expecting the CBI to be changing this exchange rate regime prior to them going global with their economy.

Stryker Note: In this report I will point out that they refer to Iraq having an appreciation of their exchange rate 12 and 7 percent respectively as you will see below. This means that their exchange rate regime is considered a Float and what I have been explaining by the Float of Orbit. Dollars are sold and dinars come in through the daily auctions which IMO is a Dirty Float, hence an artificial exchange rate being driven by an artificial economy that can be changed to reflect their real value when the time is right.

    the real and nominal effective exchange rates have appreciated 12 and 7 percent respectively.

8. Competitiveness is mixed:

    The oil sector is extremely competitive as the cost of   producing oil—below $5 per barrel–is among     the lowest in the world. At these levels, neither the real exchange rate level (which in any case has a     limited impact on production costs) nor international  oil price volatility has any effect on the oil sector’s   competitiveness.

9. A quantitative assessment of the real exchange

rate using the CGER methodology is problematic.

Applying the quantitative methodology is restricted by

data limitations. Furthermore, given Iraq’s turbulent recent history, it is difficult to anchor the analysis to a recent representative period where broad macroeconomic aggregates, including the real exchange rate, were in equilibrium.

Of the three standard Consultative Group on Exchange Rates (CGER)-methodologies (macroeconomic balance approach, equilibrium real exchange approach, and the external sustainability approach), these constraints limit a quantitative analysis to the external sustainability approach.

10. The external sustainability approach confirms the broad alignment of the exchange rate with fundamentals. Estimates using this methodology suggest that the current account norm is a surplus of 3 percent of GDP. In comparison, under the staff’s baseline medium term baseline projection, the average current account surplus is 4 percent of GDP.

Therefore, the estimated undervaluation of the real exchange rate is close to 10 percent. Given the large margins of errors, these calculations suggest that the real exchange rate is in line with economic fundamentals.

Stryker Note: Once again they are talking about the real exchanged rate that they show at the CBI in comparison to the parallel rate in the local market. Which are the market imbalances within the Iraq and with this increase real exchange rate as they call it, it is in line with economic fundamentals. According to the way they run their internal market system IMO.

11. In the medium term, the increase in oil revenues might lead to an appreciation f the real exchange rate.

Appendix III. Iraq: Debt Sustainability Analysis

1. Iraq’s external debt burden continues to ease owing to progress in regularizing Saddam-era external claims.

    As of end-2012, total external debt was $60 billion (28 percent of GDP).

    In 2010, an agreement with China extinguished $6.7 billion out of total claims of $8.5 billion and rescheduled the remainder balance on terms broadly comparable to those of the Paris Club.

    In 2011, $0.1 billion of small claim commercial debt (i.e., original individual claims below $35 million) was extinguished through deep-discount buy-back operations and in 2012 Algeria agreed to cancel fully its claims of $0.4 billion.

    With these operations, an estimated $42 billion of claims to non-Paris Club bilateral and small claim commercial creditors remains to be restructured.

2. As of end-2012, total restructured and new external debt amounted to $18.2 billion (8.5 percent of GDP).

    Under the staff’s baseline scenario, it is assumed that remaining previous-regime bilateral claims are regularized and rescheduled on Paris Club-comparable terms in 2013 and remaining small claim commercial debt are bought back in 2014.

    By end-2018, total debt is projected to be $20.9 billion (5.6 percent of GDP).

Stryker Note: It looks to me that Iraq has its debt arranged but I am still reading. This is enough for now but I will continue to break this down for our members.   Have a great day, Stryker

[Jester] HELLO CASTLE MODS, PEEPS, LURKERS, NEWBIES, AND CRITTERS… YOU ARE ALL IN RARE FORM TONIGHT… LOL

[sandytob] Jester people are talking delays again.

[Jester] sandytob AS I HAVE SAID MANY TIMES BEFORE IT THEY WOULD QUIT CALLING IT WHEN THEY DON’T KNOW… THEN THEY WOULD NOT NEED AN EXCUSE TO COVER UP FOR THE FACT THEY DIDN’T KNOW LATER..

[sandytob] Jester not talking about ppl who were calling it

[Jester] sandytob THEN I GUESS I DON’T KNOW WHAT YOU ARE ASKING… PLEASE REPHRASE THE QUESTION…

[sandytob] Jester just someone in here heard from their contact that it would be August now.

[Jester] sandytob WELL.. OPINIONS VARY… THAT DOES NOT MAKE IT A DELAY… AND LIKE I SAID… THEY DON’T KNOW EITHER… THEY ARE GUESSING…

[dinarchaser] Jester Some are saying no RV until at least August. What say ye?
….
Read More Link on Right

Jester] dinarchaser SAME ANSWER… NO ONE KNOWS… THERE IS NOT A SCHEDULE… NOT A TIMER.. NOT A BACK DOOR… NOT A DELAY… NOT AN EXCUSE… THERE IS NO HOLD UPS… EVERYONE IS READY… BANKS ARE READY… FOREX IS READY… IRAQ IS READY… WE ARE READY…. WHEN CHINA GETS WHAT THEY WANT THEY WILL FLIP THE SWITCH…

BJandJodi] Jester – Were the world global settlements (WGS) released?

[Jester] BJandJodi NOPE…

[BJandJodi] Jester – Does glass-steagall bill need to be signed as a prerequisite? If so, has a date been scheduled?

[Jester] BJandJodi NOPE…

[Nana] Jester When Forex comes back on line tonight, would this be a good window for waking up to an RV in the morning?

[Jester] Nana THEY COME BACK TOMORROW…

[Vote4RV] jester is there a significance to the banks being down now? It looks like a number of them are having “scheduled maintenance”

[tatortot] Jester Even banks in the UK

[Jester] Vote4RV COULD BE GETTING READY FOR SOME THINGS… WHO KNOWS…

[BJandJodi] Jester – Is market crash essential prior to gcr / rv go-live in order to eliminate corrupt system and prevent cabal access in a new system?

[Jester] BJandJodi I DON’T THINK ANYONE IN INTERESTED IN THAT… NO REASON IT IS A PREREQUISITE FOR ANYTHING THEY ARE DOING NOW….

[shatterstar] Jester, I am thinking that the HCL is NOT required to be passed in order for the Global Reset and the RV? I believe the HCL is a domestic law allowing them to define revenue sharing guidelines. Is this correct? Does this law need to be implemented in order RV their currency with Global Reset?

[Jester] shatterstar I HEARD IT WAS ALL WORKED OUT ANYWAY… JUST WAITING FOR THE RIGHT TIME…

[BJandJodi] Jester – Have any announcements been scheduled that you know of, such a new gold-backed currency system, etc?

[Jester] BJandJodi LOTS HAVE BEEN SCHEDULED… RUMORS OF MANY MORE… SOME THAT WERE DID NOT HAVE THE INFO REQUIRED… STILL WAITING ON THAT TO BE DONE TO THE SATISFACTION OF THOSE WANTING THEM I WOULD SAY….

[Cyndee49] Jester what does China want?

[Jester] Cyndee49 THEY WANT THE SYSTEM TO BE SAFE…

[burk50] Jester thought Zchina was so eager to get this done 2 months ago ,so what happened ?

[Jester] burk50 THEY ARE STILL EAGER TO GET IT DONE… THEY ARE NOT IMPATIENT LIKE WE ARE THOUGH… THEY WANT IT DONE RIGHT… THEY WILL WAIT UNTIL IT IS… LONG VIEW…

[BJandJodi] Jester – Based upon the fact that the Republic is Common Law, I understand that all US Inc systems will have no jurisdiction or authority.Therefore, all laws and executive orders by the President or Congress will have no authority going forward. Is this your understanding?

[Jester] BJandJodi YOU AHVE OBVIOUSLY READ IT… YOU DO NOT NEED ME TO ANSWER THAT… YOU ALREADY KNOW…

WCW] Jester whats the differance in the right TIME and a timer hummmmmmm

[Jester] WCW I TIMER INSINUATES A COUNTDOWN… LIKE AN EGG TIMER… WHEN IT GOES ‘DING’ YOU GO GET YOUR EGG BECAUSE IT IS DONE… THE RIGHT TIME OR TIMING IS UNKNOWN… SO YOU CANNOT PUT A TIMER ON IT….

[alfonse] Jester, you mentioned awhile back that we had to get past party affilliations. Governments have been stealing from the people for many decades. I would think that we would be able to get past our differences, like the RV, and clean up our Government and make it accountable to us. Comment?

[Jester] alfonse I AGREE… I THINK THAT IS THE WAY TO GO IF WE CAN DO IT… LOTS WILL BE TICKED THEY DONT GET THEIR WAY…. THAT IS THE WAY OF THE WORLD THESE DAYS… ME ME ME… I THINK THE STATES WILL TAKE CARE OF THEIR MAJORITIES THE WAY THEY NEED TO… AND SOME STATES MAY HAVE DIFFERENT RULES THAN OTHERS… MAY BE A GOOD THING…

[shatterstar] Jester Was there ever a tme that China used Canada as leverage to hurry the USA into action? Why were we seemingly the last nation to become Basel 3 compliant?

[Jester] shatterstar I KINDA DOUBT IT.. I THINK THAT WAS MORE OF THE EXCUSES OF THE TIME USED FOR WHEN THEY NEEDED A REASON TO COVER THEIR BUTTS…

[Nana] Jester A new video was just released which is really powerful “50 States Tender Resignation to U.S. Corporation” .. Is this part of things?

[Jester] Nana I HAVE NOT SEEN IT… BUT THE STATES WERE IN ON THIS TO A CERTAIN EXTENT… SOME OF THEM ANYWAY… GOT A LINK TO ALL THAT ON MY FB PAGE…

jack1977] Jester this is what my iraq friend said to me ? is it true ? dollar traded higher because the central bank to stop selling the dollar for citizens ČÓ……………

Jester] jack1977 HMMMM… COULD BE IF THEY ARE GETTING SCARCE… I HAVE HEARD A LOT OF IRAQIS ARE USING THE DOLLAR AS TENDER AND HOARDING THEIR DINAR BECAUSE IT WILL REVALUE TO A HIGHER RATE… SMART MOVE IN MY OPINION…

[okrocks] Jester ge, late getting on so I dont know if its been asked… are we just waiting on some announcements or more than that if you know, thanks you and hugs… bad puter probs here lol

[Jester] okrocks OH SURE… LOL YES THEY ARE WAITING ON SOME ANNOUNCEMENTS… AND MAYBE FOR SOME REPUBLIC THINGS TO BE IN THE RIGHT PLACE IS THE REASON WE DON’T HAVE THEM YET… STILL SOME ISSUES THERE…

[bigbear] Jester Since China is part of the UN They would have had a large voice in the vote to approval the Global Reset..Since it was approved doesn’t that make a statement.

[Jester] bigbear ALL WERE INVOLVED… NO DOUBT ABOUT IT…

[firenice] Jester will a statement from Jack Lew that the US currency is now asset backed be sufficient for China ?

[Jester] firenice GOOD QUESTION… THAT MAY BE OKAY… THAT WOULD INDICATE THE REPUBLIC IS BACK SINCE WE HAVE THE GOLD BACKED CURRENCY BUT THEY MAY WANT SOMETHING MORE… HARD TO SAY..

mg] Jester is there anything that recently happened that has really surprised you because you didnt see it coming?

[Jester] amg NO CALLING IT FOR LAST NIGHT AND TONIGHT… LOL

LINK to Part2