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11am November 21st, 2015

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Table of Contents

Fed pushes back as Congress eyes its billions

Congress is aiming to take billions out of the Fed's accounts to help pay for a new highway and transit bill.
 
  Even as members of Congress are slamming the Federal Reserve for being too political with its monetary policy, they are plotting to use the central bank as a government piggy bank.
 
Congress is aiming to take billions out of the Fed's accounts to help pay for a new highway and transit bill, but the Fed is balking, registering "strong concerns about using the resources of the Federal Reserve to finance fiscal spending."
 ~~~


 

 
Transparency At The Fed--Why Is Janet Panicked About The House's FORM Act?

 November 19, 2015   By the New York Sun
 
Janet Yellen's  astonishing letter  to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job the central bank has been doing.

Mrs. Yellen's letter, sent also to the minority leader, Nancy Pelosi, is a protest against a bill known as the Fed Oversight Modernization and Reform Act, which is nearing a vote in the House and would require the Fed to choose a rules for the formation of monetary policy and let the Congress and the public know what they are.
 ~~~


 

 
Wealthwatch Friday Chat 11-20-15 Part 2 of 2
 
 
chattels: " There are no new meetings of the leaders of the blocks and heads of committees to discuss any laws except ........... to discuss the budget bill and passed after the completion of observations and amendments to the clauses."
 
chattels: " the parliament speaker told the parliamentary blocs that some very important legislation is still pending and the need to speed up Pthariaha but it seems that the atmosphere is perfectly suited to pass a package of these important laws, including the laws of the Federal Court and amnesty and the Council of the Federal Service and the prohibition of the Baath Party and other ".
 

 ~~~


 

 
Wealthwatch Friday  Chat 11-20-15 Part 1 of 2
 
Donnie: "Under the extension, French police can now block any website, put people under house arrest without trial, search homes without a warrant, and prevent suspects from meeting others deemed a threat."
 
Donnie: looks like France's version of our Patriot Act.
Donnie: medium.com/insurge-intell...

https://medium.com/insurge-intelligence/europe-is-harbouring-the-islamic-state-s-backers-d24db3a24a40#.nq9m7ks3h
 
Donnie: 'I'll warm myself on fire of revenge': Hatred hangs in ruins of Iraq's Sinjar Read more at Reutershttp://www.reuters.com/article/2...


 

 
TNT:

[daz] AS I UNDERSTAND THE IMF'S SDR BASKET.... THEORY IS THAT THEY ASSEMBLE SEVERAL CURRENCIES PER BASKET BUT THEY DONT ALL HAVE TO BE EQUAL OR SIMILAR VALUES....

ITS ABOUT A BALANCED BASKET THAT KINDA SELF HEDGES THE COMPONENTS ATTEMPTING TO ACHIEVE A STABLE UNITIZED SDR TRADE VALUE.

SO, IF THAT THEORY IS ACCURATE, THE COMPONENTS OF THE BASKET ARE JUDGED AND ASSEMBLED PRIMARILY ON THE MERITS OF THE COUNTRIES ECONOMY AND, POLITICAL AND FINANCIAL STABILITY, MORE THAN CURRENCY VALUE

[daz] DOES IT MAKE SENSE

[Tight wad] I thought part of this reset was about bringing some jobs back this way
....


 

Simon Black: Clearly The Government Needs Cash

Sovereign Man  Notes From The Field  By Simon Black
November 20, 2015  Sovereign Valley Farm, Chile
 
Congress wants to seize your passport for unpaid taxes starting January 1st

Sometimes you just have to stand in awe at the level of corruption and incompetence in government.
 
Case in point, the new highway bill in the Land of the Free. And, trust me, you'll love this.
 
The latest version of the highway bill is called the "Developing a Reliable and Innovative Vision for the Economy Act."
 
And yes, they abbreviate it as the DRIVE Act.
 ~~



The below posts were in our 6pm newsletter
TNT:

Elmerf12346:  I just got this text from my mystery man: Across the Pond Plans for lower denominations on fast move now in country. We have a time table and it's very soon is all I can say.

I  haven't heard from my contact in over 3 weeks and he sends me this little nugget. I want to strangle him in the most loving way. Lord let this be so! We stand tall and ready to receive this Blessing.

Searching for Intel is an addiction and a hobby. Unfortunately when your good contact close to the situation is asked to be quiet, so is Intel separation. But in this case all is forgiven. Let's bring it! Lol.

All we need now is our REALITY I'm ready and I know all of you are as well. Let's get this done and call it complete. I patiently await that moment.
....

  
  
KTFA:

Aggiedad77:  Hello Family.....here are the notes from last night's Dessert after the Dr. Garland and Frank show....enjoy.  Aloha   Randy

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***


CC Notes Thursday 11-19-2015

Frank26:  I am so overwhelmed, I am hoping we have our prayer warriors, admins, staff, get this to our prayer warriors.....update on mother-in-law, Dawn, MIL of Ben Maxwell she has throat cancer.

Just shut up and talk Frank.....did I say that....no.....but Frank did. LOL

Many of you are asking Frank what do I do when it comes time to exchange.

  
Post From Wealthwatch.world Chat Room  11-19-15
News With Links & Discussion

Wealthwatch Thursday  Night  Chat 11-19-15 
 
chattels: Norway provides $ 1.8 million to support the stability of the liberated areas in Iraq wealthwatch.world/showthr...

http://wealthwatch.world/showthread.php?tid=2976&pid=7067#pid7067
 
chattels: The International Energy: Iraq world's fastest growing oil production

wealthwatch.world/showthr...
http://wealthwatch.world/showthread.php?tid=2978
 
chattels: " Industry experts predicted that Iraq is increasing its production of oil in 2016 albeit in less dramatic this year, making it the battle of market share raging between OPEC member countries and its competitors from outside, a battle that was forced because of Baghdad to sell some crude types at a price low up to $ 30 a barrel."
 ~~~


China's Yuan May Enter IMF Basket With Lower Share 
 
  
Exclusive: China's yuan may enter IMF basket with lower share - sources
 
China's yuan may enter the International Monetary Fund's benchmark currency basket at a lower weighting than previously estimated as the IMF considers rejigging the basket to better reflect financial flows, people briefed on the Fund's discussions told Reuters.
 
IMF policymakers are expected to add the Chinese currency to the Special Drawing Rights basket later this month, after a campaign by Beijing for the yuan, or renminbi, to have equal billing with the dollar, euro, pound sterling and yen.
 
Adding the yuan to the SDR basket would mark the biggest change since 1980, when the number of currencies in the basket was cut from 16. 
~~~

More Reader Comments On "Get Out Of Gold Now While It's High"
Earlier Post    Part 1   &  Part 2
 
Bruno de Landevoisin    My brother,   Gold remains the best performing asset class of the New Monetized Millennium, by a country mile.  You can be the first to call me when that changes;-)
 
JC Collins    Define the new monetized millennium?
 
Bruno de Landevoisin    2000 -2015   Extremely accommodating Monetary Policy: (Fed rate below 3%, ZIRP/QE)
 
Alan    an interesting way to advertise your material. Thanks Bruno, I'll have a look.

http://davidstockmanscontracorner.com/truth-of-the-monetized-new-millennium-gold-is-the-top-performing-asset-class/
 ~~~


Tidbits From TNT Members Friday Morning 11-20-15
 
  
TNT:

Elmerf123456:  Folks the good news is there isn't bad news. The pain for most is the wait. We have seen such an enormous transition in this process when things go quite it tests ones resolve. Quiet in this case is a wonderful thing because there is so little to do..... You know more than most. Trust and embrace the wait. Smile all!

Understand that the country of Iraq has invested deeply and has undergone an amazing change to be able to be a part of the world stage. You are a part of their plans and will enjoy the fruits of their labor. The Future is so bright and the good news the future is now!

When you look at blueprints and renderings like the new planned Central Bank of Iraq, new development in Basra, new Airports, Grand Faw Ports/largest and most modern in the Region, and of course the Largest New City Bismayah,

keep in mind the planning of these take a long time.
....