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10pm June 29th, 2016

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Table of Contents

Re-Introducing Gold To The International Monetary System

Economics, Free Pom
Re-Introducing Gold To The International Monetary System (Freepom)

JUNE 28, 2016     JC COLLINS       
 
How the IMF and China will transform the SDR

 
As a follow up to the post yesterday titled China and Greenspan on a New Gold Standard it is worth exploring in more detail some of the fundamentals of such a new monetary framework.  It is evident that a broader use of the SDR will be mandated in the coming months. 
 
This is now beyond dispute as the official communications from the G20, IMF, as well as central banks and other international institutions, are all openly discussing an expanded SDR.
~~~

Dinar Updates Wednesday Chat 6-29-16 Part 1 of 2 

da58 says():Jubouri determines July 3 as the date for the first session in the next legislative term
 
Political Since 28/06/2016 20:53 pm (Baghdad time)
 
Baghdad balances News   Said House Speaker Salim al-Jubouri, on Tuesday, the start of the third legislative term of the parliament in the first of the month of July, noting that the twelfth of next month will hold the first session in this chapter.
 
Jubouri said in a statement received / balances News / copy of "The Iraqi Council of Representatives to announce the start of the third legislative year in the first of July, it calls for gentlemen and ladies of Representatives to begin their legislative and supervisory duties", pointing out that it "will be the first plenary meeting held in this chapter on 12/07/2016. "


Bits and Pieces in Dinarland Wednesday Evening 6-29-16

 
WSOMN:

Angel:   The $555 Trillion Derivatives Debt Implosion Is About to Begin

The next crisis is here.

The BREXIT or British exit from the EU is this crisis' Bear Stearns: an unexpected situation that Central Banks will go all out to sweep under the rug.

Whether or not they will succeed remains to be seen. But what has started cannot be undone.

For seven years, the Central Banks have maintained the illusion that all is well. Meanwhile, global leverage has exploded to record highs, with the bond bubble now a staggering $100 trillion in size.

To top it off, over $10 trillion of this is sporting  negative yields in nominal terms. Indeed, globally bond yields are at levels not seen since the BRONZE AGE.
....


Dinar Updates Wednesday Chat  6-29-16  Part 2 of 2

Post From Dinar Updates
Chat Room Excerpts & Highlights
 
Dinar Updates Wednesday Chat  6-29-16  Part 2 of 2
 
da58 says():Close to Abadi: Subtract "reshuffle" once again will be after new talks
Wednesday 29 June 2016 | 12:27 | Number of Views: 194
 
BAGHDAD / ... said the leadership of the coalition of state law Keywords, Wednesday, that put "reshuffle" once again will hold talks after new between the political parties, and denied knowing about the names that will be presented that would have been the same or a new Alasae raised previously.
 
Keywords and he said for "Eye Iraq News" that "put" reshuffle "once again will be after talks new between the political parties," adding that " the Prime Minister Haider al - Abadi keen on the unity of Parliament and non - admitted problems and therefore wants to proceed with reforms and voting upon Among reforms is a reshuffle. "
 ~~~


Yuan Falls Sharply Against U.S. Dollar

Yuan Falls Sharply Against U.S. Dollar
06/27/2016
 
"The market should be a little bit disappointed as most of the traders hoped that China's central bank should offer some sort of 'stability' amid rising market uncertainties," he said. "Undoubtedly, today's [yuan] fixing rates hint that the market should be prepared for more volatility."
 
The yuan's fall may be cushioned by the central bank again to avert panic selling. On Friday, traders said the PBOC moved to shore up the yuan's value via an intervention in the onshore market, after the currency fell to its lowest level in nearly 5½ years due to concerns about the U.K. referendum.
 
On Monday, traders said the PBOC was at it again with the aim of preventing the yuan from falling too sharply, after it earlier dropped below 6.6400 against the dollar.
 
"But the intervention appeared to be not as forceful as it used to be, which is a hint that the central bank is probably happy to see the yuan depreciate further, as long as the pace is controllable, to help boost the economy," a Shanghai-based senior trader at a domestic bank said.
 
"The sharply lower yuan fixing this morning also shows that the PBOC is trying to let the air out of the balloon a bit by bit, instead of seeing the bubble burst at one go," the trader added.
 
Given the central bank's more relaxed response thus far, selling pressure on the yuan doesn't seem to be as heavy as was previously feared. "Many of our clients are actually waiting on the sidelines, trying to figure out how the entire world is still responding to the Brexit outcome," the trader said. 
The onshore-traded yuan has tumbled well past the 6.6000 psychological level, which could be a factor in changing the market's view on the currency.
 
Something to watch for is the gap between the 1-month dollar-yuan nondeliverable forward contract and the 12-month contract. When it starts to widen, it implies investors are starting to become more bearish on the yuan.
The below posts were in our 6pm newsletter

BondLady & Tlm724 News & Comments  6-29-16  Part 2 of 2

Banking reform requirements
 
 Author: Yasser incumbent  6/29/2016 0:00
Became placed to identify trends in banking reform  
 
Read in this change is that it is not targeted to these departments Bchkhosa, but requires the need to choose a new departments able to interact with the banking reform requirements required by the young Akhttiaralchksaat competent.
~~~
 

BondLady & Tlm724 News & Comments  6-29-16  Part 1 of 2

Jubouri announced the beginning of the third legislative term on the first of next July

28/06/2016 06:10 | Direction Press / follow-up  Said House Speaker Salim al-Jubouri, on Tuesday, the start of the third legislative term of the parliament in the first of the month of July, noting that the twelfth of next month will hold the first session in this chapter, as he emphasized the determination of Parliament to proceed with the legislation of laws and decisions of "important."
 
Jubouri said in a statement received "direction Press" a copy of it, "the Iraqi Council of Representatives to announce the start of the third legislative year in the first of July, it calls for gentlemen and ladies of Representatives to begin their legislative and supervisory duties", pointing out that it "will be the first plenary meeting held in this chapter on 07.12.2016. "
 ~~~

 
From Recaps Comment Section

RE: Dr. Clark Post-  "Dong Holders should be smiling"
Maggie:  DC. - Thank you for sharing. I love the info on the Dong. Quick question. I followed the link to the IMF press release in your post but the link brought up the April 2016 report. Is this the report you are referring to or is there a more recent one from this week?

Geofft:  Dr Clarke.The link that you quoted is a Press Release No. 16/183, dated 
April 22, 2016.
DR. CLARKE: Yes, the link was from April, so as to back up the one posted 2 days ago June 27, 2016.

On the Article IV progress reports. It's nice to see some people really paying attention.......
....


 
WSOMN:

AdminBill:  GOOD MORNING EVERYONE. THANKS FOR THE AWESOME BIRTHDAY WELL WISHES. I WILL BE MAKING CALLS AND TEXTS THIS MORNING TO SEE WHERE WE ARE IN THE GRAND SCHEME OF DINARLAND. WHAT I HAVE FROM AWAKE-IN-3D SO FAR THIS WEEK IS NOT UNTIL NEXT WEEK. EARLY MORNING SO NO WORRIES.

RaginCajun:  ADMINBILL- NEXT WEEK IS 7-7-7-.....Christine Lagarde MADE A SPEECH LAST YEAR REFERENCING 7-7-7

AdminBill:  JULY (7) THURSDAY (7) YEAR (16) ....... (7) + (7) + (1+6=7) = 7,7,7

AcDc:   Awaken3d says nothing till next week. Maybe 7/7/7. F26 and clarkieee boy saying 2 weeks mid July possible with sept as back wall for Clarke while f26 says mozel PA and reforms follow

RaginCajun:   ACDC- THAT SUMS IT UP
....


WingIt:
 
BEAMS : Gold & Silver Prices To Rise As Global Financial Reset Could Be Soon...Could a global financial reset push gold to $10,000 an ounce?

Let me start this one by saying that I am not the doomsday theorist. I'm not the guy screaming that the sky is falling. In fact, I like to see things in a positive light.

With that said, the world's financial system is facing big problems, and the evidence is everywhere. As a result, I'm expecting that sometime down the road, it could be months, years or even decades away, nonetheless, a global financial reset will need to happen.

Many say that it's likely to happen soon. If this is the case, gold and silver will climb in a big way. With that said, today we'll discuss the evidence that a global financial reset is necessary, how it would affect gold and silver, and what we can expect to see in the price of these commodities moving forward.


The below posts were in our 10am newsletter

Dinar Updates Tuesday PM Chat  6-28-16  Part 2 of 2

loop says to da58():I'm think that Abadi's call is to finish the business of the last chapter of Parliament and Jubouri is talking about the start of the nexr session (Chapter).
 
loop says():Abadi announced "significant progress" in the center of Mosul
 
PM: 07: 55: 28/06/2016  Khandan - praised Iraqi Prime Minister Haider al-Abadi "heroic acts and sacrifices of the Iraqi forces that have achieved outstanding victory edit the entire city of Fallujah and control," while the announced "significant progress in the center of Mosul."
 
The new Abadi, presided over the Cabinet meeting on Tuesday, according to a statement issued by his press office, "congratulations liberation of Fallujah, according to plan," stressing that "Daash collapsed quickly and kill its members large numbers, were also arrested on the required elements of the law of murder."
 
He said al-Abadi "quest for re-opening of the Fallujah hospital and lounge operations to offer their services and work to re-program the displaced and raise explosives set by Daash gangs in neighborhoods."

Dinar Updates Tuesday PM Chat  6-28-16  Part 1 of 2

rcookie says to Martha Sue():GOING TO BRING THIS IN AGAIN FROM THIS MORNING..

THIS INFORMATION AND THE COMPANY'S ACT NO.21 IT REFERS TO IS HUGE.....HUGE ...HUGE!!!

rcookie says():Cabinet restricts import, export and buy the currency registered with the trade companies
 
Author: AB, ASJ   Editor: AB 6.28.2016 11:08 Number of Views: 716   Long-Presse / Baghdad  The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation.
 
He said the Prime Minister Haider al-Abadi's office in an official letter addressed to the ministries and departments not associated and provincial councils entitled (import and export) procedures, I got (the long-Presse), a copy of which,
 
 "The approval got a limited import and export of materials and goods, and buy the currency as Operation companies registered with the registration of companies in the Iraqi Ministry of trade Department, of all materials covered (provided import) leave, or not covered. "
 ~~~

Millionday News Time Chat  6-28-16  Part 2 of 2

ChrisB                   great news hi swann and MD from MArco
               
Millionday           HEY MARCO HUN - SMILE   HERE WE GO
 
Millionday           Hussein al - Tamimi Tgb  is to achieve self - sufficiency in domestic production and reduce the import of the most important requirements for the next phase to create a balanced economy based on the head of internal capital cycle in the overall joints achieved significant economic feasibility of the country by investing surplus funds in new development projects.
                
NOTE--- MOVING FORWARD TO DEVELOPING WEALTH THROUGH INVESTMENT
                
Economist Jaafar Yassin said that the Iraqi economy shifted from a unilateral to the open market - based economy of the private sector 's efforts in his administration has become necessary, pointing to the importance of working to identify sectors that have priority in the process of economic reform which chime What is mentioned in the government 's economic program.
~~~

Millionday News Time Chat  6-28-16  Part 1 of 2




Millionday           GOOD TO SEE EVERYONE AND WELCOME TO NEWSTIME
                
Millionday           THE RULES HERE ARE PLACE A ?? AT END OF REPORT AND I WILL CALL ON YOU FOR QUESTIONS COMMENTS ETC -- THANK YOU SMILE
                                               
HERE WE GO
                
THIS IS VERY INTERESTING SO READ CAREFULLY
                
The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation.
 
Beachrider          OH WOW, THAT IS HUGE!! AND TELLING IN MY OPINION
 
Millionday           NOTE -- CLEARANCE PROCESS WOULD BE THE APPROVAL OF INTERNATIONAL INVESTORS ETC COMING IN -- INCLUDING COMPANIES
                
I AGREE -- SMILE
 ~~~

 
THE BIG CALL WITH BRUCE, TUESDAY, JUNE 28, 2016, INTEL NOTES ONLY 

(PINKROSES TRANSCRIBING)

WE ARE AT A PLACE RIGHT NOW, SOME OF YOU MAY LOOK AT THIS AND GO IT IS DELAYED OR STOPPED, HOLDING UP. WE ARE AT A POINT FOR A FEW MONTHS I AM SEEING STEADY BUT SLOW PROGRESS IN THE DIRECTION WE WANT IT TO GO.

SOMETIMES WE HAVE HAD OCCASION IT GOING TO BE TONIGHT, NUMBER OF SOURCES AGREEING PROXIMITY OF IT. NOW TO THE POINT NOT CONCERN OF THE TIMING, I KNOW IT COMING AND APPROX. WHEN IT IS COMING. THAT IS WHERE WE ARE NOW ON THE RV, GCR. LOOK WHAT HAS HAPPENED INTERNATIONAL, BREXIT, CERTAIN TRADING WITH PARTNERS AROUND THE WORLD.
....


Part 3:

Frank26:  You know before I leave this BRIXIT stuff.....Ronald Reagan, my favorite President, my hero in the field of politics.....Ronald Reagan....made a very....very smart move....when Margaret Thatcher became the Prime Minister of England....Ronald Reagan was running for the Presidency of the US at that time...and he ran over to see Margaret and he shook her hand and congratulated her....

This was a man who was showing the American voters I can be your President....I'm over here....I should be home gaining your votes....but I'm over here....I'm gaining the trust of others....and my foreign policy will be very good for you....and I thought that was a very good move...and he of course ended up being President for two terms.
....