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6pm August 25th, 2015

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Table of Contents



  
Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Late Morning Chat  8-25-15

newbieDA: The central bank lends to banks 23 trillion dinars to support small and medium enterprises 08/25/2015 kjufswip%5Bn.jpg BAGHDAD / JD / .. announced Iraqi Economists Association, for the central bank to grant financial loans to 23 banks waged an amount trillion dinars for the purpose of supporting small and medium enterprises in the country. 

He said Vice President of the Assembly on behalf of Jamil told / JD /: "The central bank allocated trillion dinars for the purpose of supporting small and medium enterprises in the country, "noting that" this amount will be given for 23 banks waged a loan Mali ". 

He added that" wishing to receive these loans and granted to the industrialists are bringing in feasibility studies for projects, guarantees and go to the central bank to get the amount as banks provider of loans to them. 

"He noted that" this project will support the private industrial sector and reduce the unemployment rate and also reduce the imports of goods consumed "./ ended / 8 /
~~~

 
TNT:

Sallypuff : The market can probably hold its own if world conditions don't materially change, and as long as there isn't an interest rate increase. I don't think there can be any more QE. The QE and zero interest have artificially propped up the market.
       
jimbake :
Sally...yes, no more qe.... imo...the "qe" will come from the liquidity the GCR will provide this time...from the bottom instead of the top...from the demand side versus the supply side etc.
   
Just my take, but i believe "they" want to test how the markets respond to disruptions...have they got good control to rein in collateral damage which may result from gcr...

So in a way, the market has to be considered

I think we have tested and tested enough already...so my vote is "light this candle"! :)
....

  
Post From Wealthwatch.world Chat Room 8-25-15
Wealthwatch Morning Chat  8-25-15

nobody: the dinar is pegged to the dollar, it moves only when the dollar moves. any forex chart watching is a waste of time.

nobody: we need the CBI to toss the peg and let the market decide the correct rate for exchange

Doug_W: GM Gang

 chattels: Baghdad (AIN) -The Minister of Electricity, Qasim al-Fahdawi rejected to attend the session of parliament on Tuesday, which is intended to question him about the problem of the electricity.   chattels: en.alliraqnews.com/module...
~~~

  
  
Backdoc » August 25th, 2015,

ONCE THE DOLLAR CRASHES, THE NEW GLOBAL REALITY WILL CHANGE THE RELATIONSHIP OF ALL CURRENCIES !!

THESE DEVALUATION POLICIES USED PRESENTLY WILL END AS WELL ! IMO


ThunderHawk :
VIETNAM: How much value will the dong lose this year?

Some international institutions have predicted that the dong will depreciate by 5% this year, while economists have urged the government to devalue the currency by more than 10%.
....

  
TNT:

Iko Ward:
  So Forex appears to be in a holding pattern between 1113 and 1120. China also holding steady (if you can call it that), letting their correction continue down another 7%. ISX lost 1% last night while the Saudis climbed back up matching Europe which is quite green this AM. US futures look very green. Somebody got out the watering can last night.

Iko Ward:   And Gold is down with Crude climbing. What's not to like?

JSSTripler: China stocks plummet again as Beijing sits on sidelines..... Major Chinese stock indexes nosedived more than 7 percent, hitting their lowest levels since December, following their more than 8 percent plunge on Monday that sent shockwaves through global financial markets. [MKTS/GLOB]

Martha: 
We as Dinarian have become too smart (ha ha) and know exactly what is going on and understand what was needed to happen.... someday the world will wake up... the us financial people are totally confused.their are a few that sort of allude to the GCR  but most call it "currency wars" I would call it labor pains for the GCR
....

  
Backdoc: August 25th, 2015, 1:25 am 

THANKS TO THUNDERHAWK FOR HIS HUMOR AND PICS!

DEFLATION SEEKS VALUE


THE REPRICING OF MARKETS WORLD WIDE ARE NOW UNDERWAY.

DURING THIS PROCESS MANY WILL THINK THE SELL OFF IS DONE BUT TO THEIR SURPRISE A NASTY PLUNGE WILL CONCLUDE THE FINALE AROUND MID SEPTEMBER ALONG WITH THE IRAN ANNOUNCEMENT AND POTENTIAL RATE HIKE FROM THE FED.

WITH ZEROS GOING TO HEROS, IRAQI BONDS WILL BE SOLD!
....

The below posts were in our 10am newsletter
Millionday Monday Night News 8-24-15  Part 2 of 2

Millionday: NOTE -- THE PRIVATE SECTOR DEPENDS ON THE REFORMS BEING BALANCED AND RELIANT FOR THEM TO LAUNCH AND PUSH THE ECONOMIC REALITY TO THE LIGHT

Millionday: But such a procedure requires the requirement based on the gradient to take appropriate measures to enable those institutions steps of the sustainability of the reform, 'being seen as the partnership as an ongoing relationship with no fixed time limit or may be for long periods of time. 
~~~


 

Millionday News 8/24/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: GREAT NEWS TO SEE TONIGHT

Millionday: Prime Minister to start with some political and economic reforms supported by the House of Representatives and other proposals are in the same direction. And certainly are in the process to take its course to the implementation, it has not been implemented fate of Iraq unknown.

Millionday: NOTE -- I LIKE-- CERTAINLY ARE IN THE PROCESS TO TAKE ITS COURSE -- FINALLY
~~~


 

Calamity! Uncertainty! Gale force winds!  Surely you've been through these types of seas before, right? 

Folks, remain vigilant with a watchful eye and ears to hear with clarity and a true knowledge of what is really happening right now all around us.  Can we be shaken by fear amidst high waves? 

We must stay the course and unshaken lest we, of our own doing, capsize our own boat.  No!  We shall not be shaken.  We shall not be moved.  We shall not be afraid.

Ask yourself right now the following two questions.  I am sure that after you answer these two questions you will undoubtedly see those waves around you still but within your vessel...your own personal vessel...peace will dwell.
....


 

From MTN GOAT 8-24-15: -Some say these reforms do not matter and I am a crazy woman. Some say they do matter but of course they say they are all done only to justify their intel for the last many months.

In response to these allegations I challenged each of these "gurus" then to tell me what the hold up is if in fact it is not the necessity to institute the reforms. 

This challenge still holds and yet no one will take it. Do you know why? Does this seem strange to you? Again we go back the misinformation being intentionally or unintentionally given out of Iraq.

Well if you do not know the reason for the hold up then how do you know it not the reforms ? How can you criticize me then? You do not know any better than do you? Is this not contradicting  intel?  

Simply put- it is pure illogical reasoning!  Hope everyone gets my point.
....


 

Post From Wealthwatch.world Chat Room 8-24-15
Wealthwatch  Member Night  Chat  8-24-15  Part 2 of 2

lonegunman: these people have been arguing for yrs over the HCL yep its about time to approve it !!

newbieDA: yep, about time, a game changer too, love it
newbieDA: back to watching the parliament agenda lol
newbieDA: hope its good

Donnie: Parliament will reconvene tomorrow to question the Minister of Electricity and vote on the law of parties
~~~


 

Post From Wealthwatch.world Chat Room 8-24-15
Wealthwatch  Member Night  Chat  8-24-15  Part 1 of 2


Donnie: Crude Oil 38.88 -3.88% Gold 1,165.80 +0.62% EUR/USD 1.1638 +2.30% 10-Yr Bond 1.9380 -5.65% Corn 355.25 -2.74% Copper 2.22 -3.73% Silver 14.72 -4.09% Natural Gas 2.65 -1.56% Russell 2000 1,112.70 -3.81% VIX 28.03 +46.45% BATS 1000 20,686.80 -3.84% GBP/USD 1.5756 +0.46% USD/JPY 118.0015 -3.24%

Donnie: DOW -650 was down over 1000

Donnie: LONDON (Reuters) - Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors. 
~~~


 

The below posts were in our 10pm newsletter
Carolyn : Back Doc....I saw your earlier post about the "repricing has begun"

I know nothing about stocks

this repricing does it take hours ?......days?.....weeks? to complete?

Or will this be an ongoing thing for awhile ?

Backdoc 
» August 24th, 2015, 8:57 pm 

AS I HAVE PREPARED YOU ALL ABOUT THIS COMING FOR MONTHS NOW, I'M SURE THIS IS NO SURPRISE.

USUALLY BAD SELLOFFS LAST A FEW WEEKS. I EXPECT THE WORST OF IT WILL CAPITULATE AROUND MID SEPTEMBER! MMMMM
....

  
Post From Wealthwatch.world Chat Room 8-24-15
Wealthwatch Morning Chat  8-24-15

chattels: ERBIL, Kurdistan Region - Photographs obtained by Rudaw give a rare glimpse of life inside the ISIS-held city of Ramadi, which fell to the jihadists on May 17 as the Iraqi Army raced back to Baghdad. The images show the firm control ISIS has over the population, namely by using checkpoints and intimidation. "There are many difficulties in [recapturing] Anbar. 

The main one is the political process and at the military level. Anbar represents 32 percent of Iraq's total surface area, and this land mass indicates the need for a massive military effort," security analyst Ahmad Sharifi told Rudaw. 

Sharifi added that Anbar is considered important because of the border with Syria, which ISIS uses as a way to infiltrate the cities of Iraq. 
~~~

  
Thanks My Ladies for letting us share from your private chatroom

Earlier Today:


LM:   ML  ... What's your take on how long this global rout can continue until we see a new system and get to make our exchanges - Not asking for a date, but a sense of how close we might be?

Sager:  LM:    It was talked about last week. Let's see what happens with the bonds in September. If they sell them internationally, which is the plan, then we need to see the iqd trade internationally prior to that

AW:  LM,....besides the international sale of bonds, look at the many other indicators such as; the ISX telling the world "do you want to trade on-line with us? If so, you have until 27 August to submit your info to us." Also, the ISX just last week told the world....."we want to know who wants to be our custodian bank."

These are tremendous indicators that the status of the IQD is preparing to change.
....

  
BGG Roundtable 8/24/15  Part 2 of 2

BGG: I was a little worried about Sadr being so quiet - hard to get a read on which side of the Shia argument he would land on... it appears he is still on the HAKIM (and our) side of the fence.

BGG: Keywords: conditions are ripe to reconsider the Iraqi financial system

BGG: Qurtas News / Baghdad - He stressed Governor of the Central Bank of Iraq on the Keywords, Monday, that the current conditions are in place so that there is a reconsideration of the Iraqi financial system. Keywords and said in a statement the "Ply News" that "the crises facing Iraq today, including the financial crisis, 

which reflected negatively on the economic imperative that there be efforts to confront and address them in accordance with the fast and accurate mechanisms and methods."
~~~

  
BGG Roundtable 8/24/15  Part 1 of 2

WELCOME TO BGG ROUNDTABLE AT DINARUPDATES.COM

BGG: Any of our other esteemed News Hounds ?? Got an interesting News piece to start us off with??

MYDINR: A while back BGG had heard that there may be a short term RV at a lower rate to tide Iraq over. Since so much time has gone by do you think that they will still do a short term lower rate or just go for an RV? Since they have made it this far without a short term remedy

BGG: No clue - but with oil prices falling and their budget based on a 58.00 per barrel projection their need for some "big fix" gets more desperate by the day...

BGG: as of today oil is at 38.00 per barrel.
BGG: and falling...
~~~

  
TNT:

BAdscott54
:   Dow closes down 588 according to MSNBC

Imperium:   When a tornato shows up in town, it does the only thing it's compelled to do... twist. And that it does, tearing and ripping its way forward. Yet it's not personal. It knows nothing of houses and people. It only does what it's compelled to do... twist. The market now is doing what it needs to do based on recent influences that modify its compulsions in the direction of change.

Ivantulafitov:  ok so simple terms.... stock market down is good because - it had to go down because of the bubble eventually, if it went down AFTER the RV... all ok not all a lot of that money would have gone down the tubes,

so now the markets will hopefully at least level out if not tomorrow this week anyway BAM the RV hits and it sneaks into the economy as the market going back up... people not paying attention wont even know about it
....