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Table of Contents

Global Debt Hits All-Time High Of $152 Trillion


Notes From The Field  By Simon Black

October 6, 2016   En route to Los Angeles

Global Debt Hits All-Time High Of $152 Trillion; billionaire warns of "big squeeze"

"This is a global problem," said billionaire hedge fund manager Ray Dalio yesterday to a packed audience of central bankers.
 
"Japan is closest to its limits, Europe is a step behind it, the US is a step or two behind Europe, and China is a few steps behind the United States."
 
I can only imagine the mood in the room was a bit tense after that comment.
 
Mr. Dalio, founder of the $160 billion investment firm Bridgewater Associates, was invited to speak at the Federal Reserve Bank of New York's 40th Annual Central Banking Seminar yesterday.
 
Rather than gush about how wonderful the Fed's zero interest rate policies have been since the financial crisis, Dalio gave them a fire hose of reality.
 ...

MadDScout & 1Bobby News Time 10-06-16  Part 3 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights

MadDScout says to foxrun():There is a building boom ready to happen in these liberated areas
 
foxrun says():It is my belief that the private sector will be the horse that drags this country into the next properous decade...you can see itgrowing muscle everyday.
 
MadDScout says to _AB_Newsflash():Go with that report Andrew
 
foxrun says():it growing
 
MadDScout says to foxrun():Agreed
 
foxrun says():Just like this country...goverments do not create jobs...at least real ones...it is private enterprise that will light this baby off.
 
suprkat53 says():I saw earlier where you mentioned they were working on water. Is there proper water for the people now?
 
MadDScout says to suprkat53():There is a ongoing effort   as with many things you have war damage
...

MadDScout & 1Bobby News Time 10-06-16  Part 2 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights

_AB_Newsflash says():i am curious what happend during the meeting at Hakim house with Maliki and Sadrists
 
MadDScout says():Yes Hakim is the new president of National Alliance
 
foxrun says():Conflicting reports is the substance of Iraq press...kinda like our tabloids in a way. Makes our research a challenge
 
MadDScout says():He is really(from appearence) doing a great work
He seems to be trying to pull things together
 
MadDScout says():Yes?
 
MadDScout says to foxrun():LOL I am hip
 
foxrun says():I agree nice to see somebody with a bonefide mission to help Iraq....
 
1bobby says():I agree with AB that that meeting spoke volumes about his leadership
 
foxrun says():Almost breathtaking after months of bottle throwing isn't it.
 
MadDScout says to foxrun():Indeed
...

MadDScout & 1Bobby News Time 10-06-16  Part 1 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights

futuremoney says():         how can a bank loss 75 percent profits????? wow

1bobby says to futuremoney():I agree. Are you reading it to say they've also reached rehabilitaion status?
 
MrsBGG says to 1bobby():lol you are welcome!
 
futuremoney says()yes...evidently they were reaping great rewards by using corruption!!!
 
1bobby says to futuremoney():ok cool. That's what I was reading into it as well. Thanks
 
1bobby says():136 million dollars of foreign exchange by the central sales
06 October 2016 05:09 pm
 
Direct: the Iraqi Central Bank sales of foreign currencies through an auction Thursday to 135.7 million dollars, compared to about $ 139.9 million today, according to the statement.
...
The below posts were in our 10pm Newsletter

Dinar Updates Thursday Afternoon Chat   10-06-16   Part 3 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights

Dinar Updates Thursday Afternoon Chat   10-06-16   Part 3 of 3

  
david334 says to daytrader():Ame stung your hands on what?
Ame says():when I hit that window as hard as I could with that baseball bat
Ame says():ouch
Ame says():he handed me taht bat and I smiled
david334 says to daytrader():Okay thats impressive glass
 
Ame says():very
Ame says():my power bill dropped in half since we installed them
daytrader says to Ame(Bet those were really cheap...not!
 
Ame says():he had a heat lamp behing it and U could barely feel the heat
david334 says to daytrader():wow
Ame says():1K each installed
 
daytrader says to Ame():Not as bad as I thought.
david334 says to Ame():Insuramce rates offset
Ame says():I got 50% off cuz I saved teh owners life in Nam
 ...


Dinar Updates Thursday Afternoon Chat   10-06-16   Part 2 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights
larrykn says():Transfer of the permanent headquarters of the Secretariat of the Arab Union for international arbitration to Baghdad.
 
 
2016/10/6 18:54  {Baghdad: Euphrates news}
 
Justice Minister Haidar Iraq, transfer of the permanent headquarters of the Secretariat of the Arab Union for international arbitration to Iraq, a national victory added to the sovereign and security victories achieved by the Iraqi Government, both internally and externally.
 
The Justice Ministry statement said the Agency received a copy of {Euphrates news} Thursday, "the Minister said while meeting Assistant Secretary General of the Arab Union for international arbitration in the Republic of Iraq Chancellor kazar, spring taste handed decisions go the permanent headquarters of the Secretariat of the Arab Union for international arbitration to the capital Baghdad, in addition to assigning kazar tastes as spring and enjoy all the powers provided for in the statutes of the Union until the next elections."
 ...


Dinar Updates Thursday Afternoon Chat   10-06-16   Part 1 of 3

ol lar says():Deletion of zeros from the currency adds a monetary value

 
October 5, 2016 Walter
 
The Alojdrb (Bremer) , head of the Iraqi destruction authority when he canceled the Iraqi currency of the former regime end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy , the traditional inflation phases exceeded until he reached the edge of collapse, and this procedure is one of the means at hand to handle twice the value of the Iraqi dinar,
 
according to the monetary and banking law, we have to go back to the basic sources which constitutes a strong factor in restoring confidence to our national currency, which deleted three zeros from Almtadolh currency now put coins and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will achieve the following benefits:

ol lar says():1. Ease of circulation and clarity and knowledge of monetary value so easily to foreigners and Hmaaaml assistant on the purchase and deal with and trust the other hand it raises the monetary value against other currencies ..
 
2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.
 ...


Islandg1211 Thursday update post, sent to Recaps

1 Comment

Island1211 - Was the RV ever going to happen without a fair system oil companies could trust?

I wanted to highlight today's news that Kurdistan has hired DeLoitte to be their oversight of their oil production. This comes after Barzani and Abadi's meetings, and directly is related to an Oil and Gas law agreement.


Baghdad has to have faith in the Kurd's oil accounting. 

No more under reporting oil production

No more illegal sale of oil by the Kurds. 

Corruption has to stop. 

The citizen's share of oil has to be fairly and correctly accounted for. 

Bringing in Deloitte is Huge! 


The below posts were in our 6pm newsletter

More News, Rumors and Opinions Late Thursday Afternoon 10-6-16

From Recaps Comment Section:
 
Gia:  10/6/2016 Dr. Clarke,

In your opinion does the Paris Agreement have anything to do with the dinar or dong increasing in value? Thank you,   Gia~

DR. CLARKE: Gia, NO, NONE WHATSOEVER.....But, Oil topping $50 today, does.....Big Time.
....
Post From Philosophy of Metrics

Reader Thoughts On "Precious Metals Panic Selling? Or Something Else?

Dane Perfect timing JC. I've been thinking about this US debt being banked at the IMF.

Since we aren't in a gold standard anymore could this US debt be used as a sort of current day gold deposit? A sort of USD standard? The USD does have similar confidence behind it and this could serve as an anchor while at the same time curb sales of it.

Dane "The IMF's legal framework for gold"

"Role of gold. The Second Amendment to the Articles of Agreement in April 1978 fundamentally changed the role of gold in the international monetary system by eliminating its use as the common denominator of the post-World War II exchange rate system and as the basis of the value of the Special Drawing Right (SDR)."

http://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/42/Gold-in-the-IMF
...
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My Ladies Thursday 8pm (ET) Conference Call

HELLO EVERYONE
I HOPE EVERYONE IS DOING WELL ALTHOUGH FROM SKIMMING AROUND AND READING SOME COMMENTS IT SEEMS THERE IS A BIT OF FRUSTRATION AND CONFUSION GOING ON AGAIN. I SHIFTED MY FOCUS OVER A YEAR AGO AND GOT OFF THE EMOTIONAL ROLLER COASTER NOW THINGS ARE MUCH BETTER FOR ME AND MY LITTLE GROUP. I DON'T HAVE A WEBSITE OR A CHAT FORUM OR ANY OF THAT STUFF BUT I DO HAVE A CONFERENCE CALL LINE AND I THINK WE SHOULD GET TOGETHER AND HAVE A CHAT.

I HAVE NEVER DONE A CALL FOR DINAR LAND BUT I THINK THERE IS NEED FOR IT NOW. I WILL GIVE THIS A TRY TODAY AND SEE HOW THINGS GO. I HAVE A FEW THINGS TO EXPLAIN TO EVERYONE AND MUCH GETS LOST IN THE TYPING TRANSLATION. LET'S SEE IF WE CAN CALM SOME ANXIETIES DOWN AND DO THIS CALL TONIGHT.

I NEED TO TELL YOU I NEVER HAVE DONE A RATE OR A DATE AND I NEVER GIVE MY OPINION WITH HARD FACTS FOR YOU TO FOLLOW ALONG WITH. 

IF YOU ARE LOOKING FOR SECRETS FROM HIGH SECRET SOURCES THIS CALL IS NOT FOR YOU.

IF YOU WANT TO HAVE AN UNDERSTANDING OF THE WHOLE TRANSFORMATION PROCESS THAT IS SLOWLY BECOMING A NEW REALITY THAN PLEASE JOIN ME THIS EVENING THURSDAY OCTOBER 6TH AT 8PM EASTERN STANDARD TIME.

712-775-7035 AND THE ACCESS CODE IS 637708#

TO DIAL IN ON THE COMPUTER TRY THIS

https://www.freeconferencecallhd.com/wp-content/themes/responsive/flashphone/flash-phone.php

I'M TRYING TO SET UP A LIVE STREAMING OR YOU TUBE AND IF I'M SUCCESSFUL I WILL COME BACK AND SHARE THAT LINK WITH YOU.

LOVE TO ALL...MY LADIES

Highlights From KTFA Wednesday Night "Dessert" CC 10-5-16  Part 2 

Part 2:

Frank26:  EXAMPLE #6 - banking ... "the central bank's auctions ... money laundering ... smuggling money out of Iraq."

We told you on Monday, that the US Treasury put their hands in CBI auctions.  They are watching every penny.  No more fictitious transfer garbage!  No more paying false/dead people.  No more bad trades with street vendors.  That should make you and I very happy.
The stolen money will now be returned.

ARTICLE:  "Iraq has enormous economic potential" - oh yes because corruption is being removed.  Maliki is becoming a thing of the past.

Yes, DAASH/ISIS is now being killed ... but the corruption that has choked off the monetary reforms is also being eradicated. 
....

Highlights From KTFA Wednesday Night "Dessert" CC 10-5-16  Part 1

KTFA:

FrostyTheSnowman:  REMINDER ... these are "HIGHLIGHTS" of last night's CC. 

Please refer to AggieDad's full transcript (which will be available later) for complete details.

*** 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!!! ***

Frank26:Well, well, well, well, well ... how is our investment doing?

GOOOOOOOOOOOOOOOOOOOOOODDD Morning Iraqi Dinar !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  How you doing?

I want to start out with an apology.

On Monday, I brought in a guest (Mr. Investor) and we talked about WF ... and we said that WF was now getting involved in foreign currency.  I need to apologize.  WF has been involved with foreign currency for at least the last 2 years.  WF has about 70+ currencies that they do exchange. 

So, I need to correct myself.  I need to apologize to you, and make that amendment in our notes.
....
Post From Philosophy of Metrics
Economics, Free PoM

Precious Metals Panic Selling? Or Something Else?

October 4, 2016 JC Collins

This is a re-post from an article which was originally posted on July 7, 2016. One of the other aspects of the POM thesis is that gold will see a price drop to below $1000.00/oz. as the SDR and RMB liquidity expands and USD liquidity contracts.

The on-going drop in gold today could very well be a first sign of this shift. The metrics and fundamentals are being widely speculated with the usual "gold is getting hammered" scripts unfolding across the internet.

The fact is that just two trading days after the new renminbi loaded SDR basket composition was implemented we are seeing massive devaluation in precious metals. Could be a coincidence.

Gold is still up from the beginning of the year and will likely have another rally before further depreciation is experienced. But this could very well signal the beginning of a new gold bear market, as previously discussed. - JC
...
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