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11am September 11th, 2016
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Post From BondLadys Corner
Tlm724:
The World Bank will lend Iraq three billion dollars as "very low interest rates," the end of 2016
Author: HH, ZJ Editor: BK, HH 9.9.2016 11:13 Number of Views: 447
Long-Presse / Oman Expected financial advisor to the Prime Minister Haider al-Abadi, said Friday that the World Bank loan does "affordable long-term" for Iraq end of the year 2016, as he emphasized that the loan amount is estimated at three billion dollars interest "very low."
He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), during his participation meetings of Iraq with the ongoing international IMF mission in Amman, Jordan, he said that "the World Bank mission that involved meetings provided the vision of funding for economic development in Iraq for the soft loan of about three billion dollars paid in stages, very low interest rates and long repayment term, "noting that it comes in" the framework of a program for financing development in Iraq. "
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Preparing for the Collapse of the Petrodollar System
Hamburgers, Permission Slips, And The Petrodollar
To help illustrate this point, let's imagine that you decided to open a hamburger stand in a small town with a population of 50,000. Of course, not everyone likes Hamburgers, Permission Slips, and the Petrodollarhamburgers, so only a certain percentage of your town's population will actually ever be a potential customer.
And since you are obviously not the only hamburger stand in town, your competitors will all be attempting to reach the same portion of your town's population as you are.
Now, as an owner of a hamburger stand in a very small town, would you prefer to have demand for hamburgers from your own town only... or would you like to have hamburger demand from other nearby towns and communities too? (My guess is that you would like to have more customers, as that potentially means more money in your pocket.)
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Preparing for the Collapse of the Petrodollar System
In part one of this four part article series, I provided a background to our modern petrodollar system by explaining the "dollars for gold" arrangement that was put in place by global leaders through the Bretton Woods conference in the final days of World War II.
The article provided a brief evolution of the Bretton Woods agreement from its inception in 1944 to its ultimate demise in 1971. As detailed, in the late 1960's, this "dollars for gold" system had become unsustainable as Washington insisted upon the adoption of a "welfare state" that relied upon massive entitlements and a "warfare state" that required perpetual wars.
In the second installment of this article series, I will further explain the circumstances surrounding the demise of this failed "dollars for gold" arrangement, with a particular emphasis on how its demise dealt a major blow to global dollar demand.
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TNT:
Fuze: i don't know who Dr. Clarke is, but that piece he sent in IMHO was one of the best over all intel and perspectives ive read in Dinarland..
CovanantBrige: yes but wasn't Dr. Clark stating that this won't go until Mosul is liberated? And was it his report that said they weren't going to start fighting until Oct and will be finished by the end of the year? Did I read that wrong? So isn't he going from the last week of Sept to now end of the year? whereas several other intel experts have told us Mosul is already liberated.
Fuze: No covenant, hes saying September, he was just referencing what the articles arw saying ans what they want us to believe...... Covenant Clarke really did say in Jan 2016, that September 2016 was the time he was looking for this to pop and although a lot of the media points to 2017, hes still Sept 2016..interesting..
Fuze: Covenant once we passed April I too started looking at Sept for several reasons, one reasin is that the IMF for whatever reasons have traditionally used those months for big monetary policy changes.
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The below posts were in our 6pm newsletter
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Preparing for the Collapse of the Petrodollar System, Part A Part 2 of 2
by Jerry Robinson
The U.S. Dollar would be pegged at a fixed rate to gold. This made the U.S. dollar completely convertible into gold at a fixed rate of $35 per ounce within the global economic community.
This international convertibility into gold allayed concerns about the fixed rate regime and created a sense of financial security among nations in pegging their currency's value to the dollar.
After all, the Bretton Woods arrangement provided an escape hatch: if a particular nation no longer felt comfortable with the dollar, they could easily convert their dollars holdings into gold. This arrangement helped restore a much-needed stability in the financial system.
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Preparing for the Collapse of the Petrodollar System, Part A Part 1 of 2
by Jerry Robinson
Recently, there have been many news headlines containing the words "Iran", "nuclear capability", "Syria", and "Islamic State". If you listen closely, you can almost hear the drumbeats of a fresh war in the Middle East.
As an economist, I have been trained to view the world through the lens of incentives. (I am a "bottom line" kind of guy.) And just as every action is motivated by an underlying incentive, every decision has a related consequence.
This brief article details the actions, incentives, and related consequences that the United States has created through its attempts to maintain global hegemony through something known as
the petrodollar system.
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KTFA:
Frank26: IMO .......... The more they take loans ........ The more profound is their need to RI/ RV
.......It use to be for the last 12 years we GAVE them money .......... This is a different Species...
also remember KEYWORD normally is used to designate DRS
Don961: Thanks Walkingswtick.....Well Iraq/CBI ... if you would increase the value of your currency , to say over a dollar per IQD .... perhaps the Dinar would be more in demand than the US currency ... IMO
OneWildRide: I think it was back in February Frank said oil needed to reach $45.00 a barrel. Now we see why!!!.... This is for you Frank!...TA freaking Da!!!
Frank26: Yes we did ......... Dang u take good CC NOTES!!! LOL
Walkingstick: International Monetary suggested price of $ 43 oil in the budget deficit in 2017 and describes as "great"
10.9.2016
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DR. CLARKE: Those that have Eyes, will SEE, and Those that have Ears, will HEAR:
If you are to read the printed articles about Iraq, and there are a plethora of printed news articles that come out from there daily - If, and we say IF - you were to read them all, see and hear, all the stated "facts" from all those sources, and base the timing and intention of Iraq substantially raising the value of their currency, the Dinar, strictly from these articles and news sources - you'd surmise the following, because this is what they've SAID in the articles for the public to read:
1. Iraq must first FULLY remove all of ISIS from the country, in order to move their Dinar rate, significantly higher.
2. The final battle to retake Mosul, is to begin next month in October, and hoped to be completed by December 31, 2016.
3. The 2017 Budget must be completed by the end of Sept, and sooner, if possible, with a date of the 10th as a possibility.
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TNT:
GGee: Good morning everyone ing TNTland. I just want to give a word of encouragement to everyone. Sooner or later this baby will be born. We've hung in this long, continue to hang in. The train cannot continue to ride forever. It's got to come into the station one day or night: Let's be glad we have someway to know what's going on.
Jessie91: Saturday UPDATE for September 10, 2016 It was reported that thousands were in the streets protesting demanding that Iraq complete the reforms....loaded cards DO NOT mean funded cards....progress is still in the making. Parliament's closed session should yield some interesting results that are anticipated in Sunday's Gazette. Time Will Tell. Don't worry....be happy!
WantingFreedom: I like the closed session of Parliament with looking to the Sunday Gazette
Daz: ONCE THE CURRENCY IS FULLY INTERNATIONAL IN SCOPE IT WILL BE ACCEPTED AND EXCHANGED ANYWHERE IN THE WORLD JUST LIKE THE OTHER 194 CURRENCIES...HANG IN THERE
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