Friday Night Dinarland Chatter

TNT:

Maninc56:  Spoke with a fellow Dinarian this morning. He visited a Wealth Manager at Chase Bank yesterday. 1st he called and generally spoke of Currency and the WM was very casual.

My friend finally let him know he say over a xxx xxxxxxxx and the conversation changed. ”Come on in” He said he ”would be happy to help with the exchange when it happens”

My friend went in for meet and greet and pushed him for a little info about if the numbers where on the back screens and all he kept saying thru several questions was ”things are now pending” 

He gave my friend his card and personal cell # and got his info return.    One more straw on the RV camels back…LOL 
….

**********

Paperbag:  Things are pending at WF too. Git r done!

**********

Imperium: “DC: The Obama administration guys mainly want this to be as least destructive timing as possible. They see a couple of windows and want to choose the best one possible. A lot of the stop and start is because of a fluid negotiating environment. That is their story and they are sticking to it.” Oy Vey!

fox 😀 C min 11:28 fri. , In Summary , Iraq is Ready , Ready to go Through , Frustrations are getting HIGH down to the Lowest Levels and Blaming the U S for not going through , and also getting up to High Levels Frustrations is Deffinately being felt , they are not going to sit around and WAIT MUCH LONGER,why is that good for us/// puts PRESSURE on the SITUATION :) :) :} :} 😉 😉

Iko Ward:  Numerology fans…today is 51515. Read backward its still 51515. Numbers balanced on both ends. Add them up 5+1+5+1+5=17. Add1+7=8, the sign for infinty and also rebirth.

Hourglass:  just heard from a friend from Austin, TX – their group exchanged yesterday!!!! would not give any details- I am so excited!!!!!.  For real – they exchanged – could not give any details – so must have had to sign a NDA…

**********

Rrrr:
  All my bags are packed I’m ready to go. I’m standing here outside your Door. Already in my bank clothes you made me buy. So kiss me and grant my plea, let me know we have RV’d. Hold those rates so high, I’ll start to cry. Then I’ll be leaving on a jet plane, as all my doubters, drown in their disdain. Oh Babe, It’s Great to go. So many times I’ve heard your sound, then find you crashed right to the ground. But finally, now, it’s time to set you free…yada yada yada.

*********************************

Stage3Alpha:

R.V./GCR  May 15, 2015 Yes….yes….yes. just a squirell out gathering nuts….right now its done…. they are trying to turn it on …how is it anyones fault some banker gets caught as it ramps up and triggers an auto stop…not my fault…its the mechanism…. its all built into it

*********************************

Dinar Updates:


Millionday   Article quote:  “The head of the Kurdistan Regional Government Nechirvan Barzani, Iraq, on Thursday, the Federal Government to abide by the agreements concluded between the government and the province.” 

KURDISTAN AND IRAQ HAS REACHED AN AGREEMENT AND THEY HAVE COMPLETED THE MEETING AND AGREEMENT — NO MORE ISSUES…

THEY ARE IN AGREEMENT AND IT IS BINDING — I FEEL THIS WILL RESOLVE THE OIL AGREEMENT BETWEEN BAGHDAD AND KURDISTAN

THIS IS MOVING VERY FAST…

**********

wmawhite  …the changes to the IQD have been put in place by the CBI. It has never floated anywhere.

 Also, if you were the CBI would you turn the future of your country (it’s currency) over to the world of investors and float your currency?

 Or would you instill confidence in the investors by telling the world that your currency is worth such and such and back it up with your reserves?
KTFA:

dave5 : This has come to far for everything to come to a halt. I’m sure there
Will be pockets of Isis that will need to be dealt with. I’m Sure there is enough forces to take care of this.this is just my opinion. Dave5

Frank26:  More than they want You to know.

City after city …………. Step after Step …… It’s coming.

Rate ……. Forgetaboutit. Date ……. UNKNOWN still.

S was to talk this week. Looks like A will first.

KTFA  Frank

**********

charlyrok : Sadly, I agree. Hard to believe the MR can happen during an invasion anyway, no?

***********

Frank26:
  i would not call it an invasion …… Nor a war.

We just call it A Lava Flow.   KTFA    Frank

**********

Purifiers:
  Ok… I’ll start this post with…IMO…

We have been told by Frank… from TEAMS… that we are FAR FAR AHEAD… of what we read in the “WAR”… of sorts… with technology that we hold “ALL THE CARDS” ON….

The NEWS… has purposes today… one is to tell you PAST TENSE…. what they are DOING….
TRANSLATION: (HAVE ALREADY DEALT WITH…. DONE.. MANY WEEKS AGO!)

News Purposes… ONE…. right now… is to MISGUIDE THOSE THAT READ IT…. and… it NEEDS TO BE THIS WAY RIGHT NOW!

History will “NOT” be written….. as the TRUTH… of a past tense of a past tense…. and that is how it will be taught… as you read in the news….

AND REMEMBER THIS… WITH OUR CURRENT TECHNOLOGY IN USE IN IRAQ…. F-35 (PLUS OTHER NEW TECHNOLOGIES THAT WE WILL NOT KNOW OF FOR YEARS TO COME)…. DAASH or ISIS… whatever you wish to call them….
ARE ONLY “ALLOWED” TO GO WHERE WE WANT THEM TO BE….

AND… we are not TOLD…. YET… where we REALLY ARE AT…. the news (Propaganda) of where we are RIGHT NOW WITH IRAQ SECURITY…. IS HIDDEN BY FALSENESS OF ARTICLES….

Military ops MUST DO THIS…. THIS WAY….

IMO…. PAST TENSE IN THE PROGRESSION OF IRAQ…. “IS”… WHAT WE READ…. ABOUT ISIS….

IMO… THE STORY WILL CHANGE DRAMATICALLY… WHEN THEY ARE READY TO “REVEAL” HOW FAR ALONG WE REALLY ARE….

THE STORM…. UPON US…. “IS” some…. NEWS ARTICLES……

THE REALITY…. IS WE ARE WALKING ON WATER DURING THE STORM… OF ARTICLES….

THEY “NEED” TO FEED US MISDIRECTION…. (DELAY OF REPORTING) TO THE WORLD RIGHT NOW… WITH THE PROGRESS THAT COALITION PARTNERS HAVE MADE…

REMEMBER ALL THAT FRANK HAS SHARED IN THE PAST…. DONE… DONE… DONE…
DO NOT LET ARTICLES SADDEN YOU FAMILY!!!

INSTEAD…. REJOICE IN THE FACT THAT THEY NEED THIS “STORM” OF ARTICLES RIGHT NOW…. TO BE READ BY THE WORLD….

(LOOK OVER HERE!!!! SO YOU WON’T SEE WHAT WE ARE DOING…. OVER THERE!!!)

AGAIN… JIMO    Purifiers

**********

Iggy: I Hope You Dance Family…

https://www.youtube.com/watch?v=RV-Z1YwaOiw&feature=player_embedded#t=0

4 Wealthiest Families Who Lost It All

4 Of The Wealthiest Families Who Lost It All

MAY 15, 2015 | BY LYNETTE GIL


From these tales of loss, we can learn a lot and not repeat their mistakes.

The Great Gatsby, that venerable summer reading favorite, poses a very good question: Is wealth the product of adversity or just a continuation of a legacy? Some might argue that it is a product of both, that its continuation will depend on factors internal (such as how the family handles the fortune or the business) and external (such as how the markets perform). 

There is a theory that’s been making the rounds on the Internet that suggests that most family fortunes are lost by the third generation. Psychologists have identified and defined “sudden wealth syndrome” that affects people who come into wealth suddenly, like lottery winners, and spend all their fortunes. 
~~~
Picture
Celebrities, heirs and famous athletes can succumb to this syndrome if they don’t know how to manage their assets or don’t have someone to do it for them.

Meanwhile, you might have heard of something called “affluenza,” which became a buzzword after a Texas teenager killed four people while driving drunk and was used as part of his defense in court last year.

Affluenza could mean many things, but in this case, the term was used to claim that the teenager was the product of wealthy and privileged parents who never set limits for him.

Of course, for any wealthy person, it helps if he or she has a great financial advisor.

(Image: In this June 24, 1937 file photo, the great grandson of Cornelius, Commodore Harold S. Vanderbilt, skipper and owner of the yacht Ranger, which would oppose Sir Thomas Sopwith’s Endeavour II in the races for the America’s Cup, gives orders aboard the Ranger during her first trial run with her new mast over the course off Newport, R.I. AP Photo/File)


For those in the financial planning business, these cautionary tales are good reminders of why your job is so important. If you have wealthy clients, share with them how to avoid becoming the next Vanderbilt or the next Gatsby.

While F. Scott Fitzgerald was certainly onto something when he wrote his cautionary tale in the 1920s, there are a few lessons to be learned almost 100 years later.

Picture
The Vanderbilts

Several sources cite that when Cornelius “Commodore” Vanderbilt died in 1877, he was already worth $100 million, which would be roughly $200 billion today, according to CoinTalk. He started his shipping and railroad business with $100 that he borrowed from his mother; today there is nothing left of those enterprises, except Vanderbilt University, which he gave $1 million to help endow and build.

What happened?

Cornelius is the second richest person in American history, according to CNN Money.

Although a number of reports attest to his simple lifestyle, the same can’t be said for his heirs. His son William Henry “Billy” Vanderbilt did famously double the family fortune to $200 million, but his children and grandchildren spent their money on thouroughbred horses and lavish mansions in New York City and Newport, Rhode Island. They didn’t protect the family business.

Maybe the Vanderbilts could’ve avoided throwing their wealth into the wind if Cornelius had educated his children on the financial aspect of their lives and had a trusted family advisor to make sure that they planned properly to both protect their fortune and the family business for generations to come.

If you want to read the full family story, Forbes has a lengthy article on them here.
Picture
(Image: Stroh Brewery Company, right, with the Stroh’s home, left). Licensed under PD-US via Wikipedia)

The Strohs

Before Anheuser-Busch had an empire, everyone around the Great Lakes knew the Stroh’s beer. The family beer company founder, Bernhard Stroh, came to Detroit from Germany in 1850 with $150 and a family recipe for beer in his pocket, according to Forbes

He named his operation Lion’s Head Brewery, but when he died, his son took over and changed the company name a few times.

By 1980, the brewery had grown from a family business to the third largest brewery in the country, worth as much as $700 million in 1988 ($9 billion today).

What happened?

They acquired various breweries, including Schlitz, which was too big and had six plants. The acquisitions left the Strohs with debt and, according to Yahoo! Finance, they had too many brands and not enough of a marketing budget to sell the beer, while competing with Miller, Anheuser-Busch and Coors.

Also, it’s been reported that some of the family members spent the money on antiques, guns, cars, and shopping, and had no future plans for the company and the family fortune. The company was eventually sold to Pabst for $350 million, while Miller bought some of their brands. Most of that money went into repaying debt and employee pensions; the rest went into a family fund that gave out checks until it ran out in 2008, says the Yahoo article.

Again, spending and acquisitions seemed to be the downfall for this family’s legacy.

Picture
(Image: Robert Moses, right, chairman of the Triboroug Bridge and Tunnel Authority, talking with Modern Art Gallery, behind them, owner Huntington Hartford, left. Pointing to Columbus Circle Landmark, March 16, 1964. AP Photo)
The Hartfords

George Huntington Hartford II grew up like a prince, enjoying the lavish lifestyle his grandfather and uncles had achieved with a successful retail business, the supermarket Atlantic & Pacific Tea Co.

What happened?

An art collector and failed businessman, along with other infamous titles such as playboy, Huntington Hartford II squandered his grandfather’s fortune on various failed enterprises.

He tried his luck in the newspaper business, movie productions, started a modeling agency, an artist’s colony, a theater, aJane Eyre play adaptation, a self-named museum. 

He had a 150-acre estate in New Jersey, another estate in Hollywood, a residence in London, and a house and a resort on Paradise Island in the Bahamas, the latter of which ended up costing him between $25 to $30 million and was never profitable, according to The New York Times.

His fortune, after his uncle died in 1957, swelled and was estimated to be a half a billion dollars. He was also wed four times and the divorces cost him much of his inherited money.

If Mr. Hartford had listened to a financial advisor and business planner, perhaps he could have invested wisely and tried his hand at other more fruitful ventures.
Picture
(Image: Countess Haugwitz-Reventlow, formerly Barbara Hutton, the Woolworth heiress, visited New York to renounce her U.S. citizenship in order to become a Dane. 

Countess Haugwitz-Reventlow, in a beaver coat with hat and muff to match on Dec. 21, 1937. AP Photo)

The Woolworths

Fond memories of traversing the huge Woolworth’s store aisles are part of mine and my brother’s childhood. These were the stores and legacy that Frank Winfield Woolworth left to his granddaughter Barbara Woolworth Hutton. There is a 1987 TV movie titled “Poor Little Rich Girl,” starring Farrah Fawcett, which chronicles the troubled life of Barbara.

What happened?

Heiress to an incredible fortune, The Wall Street Journal claims that Barbara “blew through as much as half a billion (in today’s dollars).” She spent it on art, jewelry and seven husbands. She gave gifts to strangers. 

At one point, she was married to famous actor Cary Grant. She also married a Georgian prince, a count, a Russian prince, a diplomat, a baron and a Prince from the Kingdom of Champasak.

Other than most of her husbands exploiting her for her wealth, Hutton also suffered from several psychological conditions, and drug and alcohol abuse, that left her vulnerable. She only had one son, who died in an air crash in 1972. That was the final nail to Hutton’s coffin.

Her inability to be mentally and physically stable impeded sound judgement when it came to making financial and other important decisions in her life.

LINK

U.S. stocks remain relatively flat, following soft economic data

Investing.com –

Investing.com — U.S. stocks remained relatively flat on Friday one session after the major indices surged into record territory, amid continuing soft economic data.

The Dow Jones Industrial Average and NASDAQ Composite index each moved by less than 0.15% on the final day of trading this week, while the SP Composite index inched up one day after surging to an all-time record closing high. The Dow gained 20.32 or 0.11% to 18,272.56 on the session, edging up by less than 1% for the week. While the NASDAQ lost 2.51 points or 0.05% on Friday, it still closed at 5,048.29 to remain above the symbolic 5,000 level for the second straight week.

The SP 500 gained 1.63 or 0.08% to 2,122.73, as seven of 10 sectors closed in the green. Stocks in the Utilities and Consumer Services and sectors led, each closing higher by more than 0.65%. Stocks in the Utilities, Financial and Technology industries lagged, moving lower for the session.

Consumer confidence, one of the lone bright spot in the U.S. economy in recent weeks, appears to have peaked. On Friday, the University of Michigan reported that its Consumer Sentiment Index plunged to 88.6, far below low consensus estimates of a 93.5 reading. In terms of current conditions, the survey indicated a drop of 7.2% to 99.8, the lowest level since October. Consumer expectations are comparatively bleak, falling 7.3% from the last reading to 81.5, the worst level in five months.

The top performer on the Dow on Friday was Cisco Systems Inc (NASDAQ:CSCO), which gained 0.5 points or 1.72% to 29.55. The worst performer was Microsoft Corporation (NASDAQ:MSFT), which fell 0.43 or 0.87% to 48.30.

The biggest gainer on the NASDAQ was Bed Bath Beyond Inc (NASDAQ:BBBY), which rose 3.70 or 5.31% to 73.35. Netflix Inc (NASDAQ:NFLX) surged 26.40 or 4.50% to 613.25, eclipsing the $600 level for the first time. On Friday, the Wall Street Journal reported that the company’s discussions with several Chinese Broadcast Networks to bring the streaming service to the Asian nation are still in its early phases. Shares in Netflix are up a staggering 68% over the last 52 weeks. The worst performer was Keurig Green Mountain Inc (NASDAQ:GMCR) which plunged 8.82 or 8.55% to 94.26, after reports surfaced that the launch of its new cold brewing machine will be delayed.

The top performer on the SP 500 was PEPCO Holdings Inc (NYSE:POM), which gained 2.19 or 8.83% to 27.00 after its $6.8 billion merger with Chicago-based energy generator and distributor Exelon Corporation (NYSE:EXC) was conditionally approved by the Maryland Public Service Commission. The deal has been approved by the Federal Energy Regulatory Commission, but still needs to be authorized by officials in the District of Columbia. Exelon, the largest operator of power plants in the nation, gained 0.96 or 2.86% to 34.50. Keurig was also the worst performer on the SP 500, just below Symantec Corporation (NASDAQ:SYMC), which fell 1.42 or 5.48% to 24.48.

Shares in Avon Products (NYSE:AVP) fell by more than 1.5% one day after surging roughly 20%, following a hoax acquisition attempt by a nonexistent company claiming to be based in a remote island in the Indian Ocean. The Securities and Exchange Commission said Friday it is investigating the fake takeover bid, according to Bloomberg.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

US Dollar “Pain Trade” Likely to force Further Losses in Week Ahead

US Dollar “Pain Trade” Likely to force Further Losses in Week Ahead

DailyFX5 hours ago

The US Dollar fell against all major FX counterparts and the DJ FXCM Dollar Index (ticker: USDOLLAR) matched its worst weekly losing streak in over five years despite a relative lack of major news.

Is The U.S. Dollar Rally Nearing An End? Part TwoSeeking Alpha
Providence: Where the US dollar meets its demiseForexLive

EUR/USD continues climb toward 1.15, as U.S. consumer sentiment fades

Investing.com –

Investing.com — The euro continued its steady climb against the dollar on Friday extending its winning streak to a fourth consecutive session, as the greenback stumbled following another batch of soft economic data.

EUR/USD stood at 1.1446 at Friday’s close, up 0.33%, rallying from session-lows of 1.1324 as currency traders locked into gains from earlier this week when the euro soared to a three-month high. The euro ended the week up 2.25% against its U.S. counterpart and has gained roughly 7% over the last month.

While EUR/USD is up nearly 9% after touching down to 12-year lows near 1.04 in mid-March, the euro is still down more than 5.15% against the dollar since the start of the year when it stood at 1.2104.

Consumer confidence, one of the lone bright spot in the U.S. economy in recent weeks, appears to have peaked. On Friday, the University of Michigan reported that its Consumer Sentiment Index plunged to 88.6, far below low consensus estimates of a 93.5 reading. In terms of current conditions, the survey indicated a drop of 7.2% to 99.8, the lowest level since October. Consumer expectations are comparatively bleak, falling 7.3% from the last reading to 81.5, the worst level in five months.

The downbeat survey comes days after the U.S. Census Bureau reported little change in consumer spending throughout the nation. U.S. retail sales remained flat in April below economists’ forecasts of a 0.2 gain. Hawkish policy makers at the Federal Reserve had pointed to strong consumer sentiments and seasonally-affected drags in spending as signals of an improving economy. The downbeat data, however, could appease the doves on the Federal Open Market Committee (FOMC) in favor of a delayed interest rate hike.

Last month, the FOMC removed all calendar references to the timing of its first interest rate hike in nearly a decade. While San Francisco Fed president John Williams said earlier this week that a June rate hike still remains on the table, it is becoming increasingly likely that the Fed will that the Fed will wait until September or even December before raising its benchmark Fed Funds Rate above its current level of zero to 0.25%.

At the same time, the University of Michigan indicated that inflation expectations are going up in large part to increases in energy prices. Inflation expectations over the next year increased 0.3% to 2.9%, according to the consumer survey. The Fed would like to see inflation move toward its targeted goal of 2% annually before it increases interest rates.

Investors await the release of next week’s Consumer Price Index (CPI) for further indications on the state of the economy. Although the CPI gained 0.2% in March after falling sharply in January, it was still 0.1% lower on a year-over-year basis. Bond markets typically rally when there are increases in the CPI.

Yields on U.S. 10-Year Treasuries plunged nine basis points to 2.148% on Friday, while yields on the 30-Year Treasuries plummeted 11 basis points to 2.935%. Earlier in the week, 10-year Treasuries soared to a six-month high at 2.36% and the 30-year moved above 3% for the first time this year amid a rout in the global bond markets.

In Europe, yields on the German 10-Year bunds fell eight basis points to 0.62%. Yields on Italian and Spanish 10-Year bonds, meanwhile, each fell more than eight basis points to 1.76% and 1.72% respectively. On Tuesday, a massive sell-off in the European bond markets pushed the yields on the sovereign debt above 1.8%. Bond prices fall when yields increase. Over the last month, yields on 10-year German, Spanish and Italian bonds are all up by more than 45 basis points.

The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, remained weak falling to a four-month low at 93.17.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

Millionday Friday Roundtable

Millionday News 5/15/15

Welcome to dinarupdates.com for Roundtable with Millionday!!

Millionday: WE HAVE SOME VERY INTERESTING NEWS

Millionday: I WANT TO GO OVER WHERE WE ARE BY WHAT WE HAVE SEEN

Millionday: THE VISIT TO IRAN SHOULD BE COMPLETE WHICH MEAN THE RECONCILIATION CONFERENCE — TUESDAY SHOULD SHOW US THE FEDERAL COURT ACT – 

THE INVESTMENT LAW IS REFERRED TO AS DONE AND BEING APPLIED — WE HAVE THE HCL AT MINISTERS AND MAY BE ALREADY MOVED TO LAW COMPLETION — THE AMENDMENTS ARE DONE —

Millionday: SO LETS SEE IF WE SEE ANYTHING ON ANY OF THESE ISSUES
~~~

Millionday: Foreign Minister Ibrahim al-Jaafari at his office in Baghdad with US Ambassador to Iraq, Stuart Jones and his entourage conduct of bilateral relations and highlighted the ongoing Iraq’s security and political issues and the development of events in the region and the world.

Millionday: NOTE — OBVIOUSLY A LARGE MEETING WITH THE SUBJECT MATTER BEING IRAQ`S PLACE IN THE WORLD ETC

Millionday: According to a ministry statement said al-Jaafari said during the meeting that “the national forces insist on the unity and sovereignty of Iraq and the preservation of a diverse social fabric that has characterized Iraq,

” stressing that “Iraq does not interfere in the affairs of any country, as it does not allow the intervention of any country in the its internal affairs. “

Millionday: And welcomed Jaafari “visits by the Iraqi officials to various countries around the world, provided that contribute to achieving the national interest and supports the unity and independence of Iraq,”

He pointed out that “Iraq is a sovereign country and has the voice of a constitution by the people and the experience of a leading democracy in the region includes a national government,” and called on “countries of the world to deal with these realities and to rethink its policies away from the voices that are trying to distort the facts.”

Millionday: NOTE — SOUNDS LIKE NATIONAL RECONCILIATION FOR IRAQ

Millionday: For his part, the US ambassador stressed that his country “respects the unity, sovereignty and stability of Iraq,” noting that “the US administration and during her meetings that took place with Iraqi officials hailed the development quotient in Iraq, stressing its support for the unity of Iraq Bmemkonath all.”

Jones said that “the draft resolution submitted by a committee of the US Congress, the private arming the Sunnis and the Kurds will not include dealing Mahmaaly the basis of two states away from Iraq.”

Millionday: SO OBVIOUSLY UNITY AND NOT SEPARATION — ALL IS GOOD — LOVE IT

1glen: Millionday – Many times there has been talk about the “Reconciliation Conference”. Can you tell me what the purpose of the conference is and what is the goal?

 I thought it was be the celebration when everything is completed, implemented and they were a part of the World Economy again. But due to them holding it on Sunday and then voting on Tuesday on laws which appear to necessary for them be part of the Global Economy, I am confused. Thanks much!

Millionday: (Iraqi laws) WILL ALWAYS CONTINUE TO BE PASSED AND AMENDED AS LONG AS THERE IS A GOVERNMENT AND CHANGE AND GROWTH– THE EXPANSION OF ALL COUNTRIES AND THEIR LAWS WILL CONTINUE TO BE EVOLVING

Papatom: Millionday, sorry for the blurps bursts….. sometimes the news just extracts things….almost unintentional… Jaafari’s statement is one of those times.

That statement will go down in history as one of the great statements of Iraq’s progression and rebirth as a free democratic leading Nation in the Middle East.

Millionday: I AGREE — THEY ARE READY TO ENTER THE GLOBE AND AT ANYTIME THEY WILL BE MOVING FORWARD TO PAY FOR SO MUCH THAT HAS TAKEN PLACE 

tman23: Jaafari by proxy of Iran……..

Papatom: called on “countries of the world to deal with these realities and to rethink its policies away from the voices that are trying to distort the facts.”

Papatom: wow

Millionday: IN OTHER WORDS — ACCEPT CHANGE — AND RESPECT CHANGE FOR IRAQ IS ITS OWN COUNTRY

Swan2013 Millionday: we’ve waited a long time to see this!!! this is awesome news thanks!!!

Millionday: SMILE

Millionday: SO LONG

Millionday: Parties Law is facing a lot of obstacles in the House of Representatives, particularly in light of the push and pull operations ongoing between the political blocs on some of its articles and paragraphs prompting the House of Representatives to convert some of its paragraphs of discussion between the political blocs and the offices of the House of Representatives in the provinces.

While debate rages about the law in the capital Baghdad and other provinces took part in the discussions on the disputed paragraphs of the law.

Millionday: NOTE — THEY ARE ADDRESSING THE LAW OF PARTIES

Millionday: Experts law and academics in the province of Najaf embarked on a diagnosis of shortcomings in the law and put the proposals to build parties, professional and effective, says legal expert Mohammed Saleh career in an interview with “Qurtas News” that “the law contains a lot of positive points,

especially those that relate to the construction of the party on the basis of democracy away from the policy of repression and prevention, as well as referring to the independence of the source of funding not undergoing external relations, “adding that” We must be serious oversight by the competent authorities in order to meet the parties, the terms of funding entities and individuals. “

Millionday: Between professional and that “there are some Almkhataralhakiqh that may affect the work of the political process in the country if the law remained without specifying the sources and how to create political parties after responding to the demands of political blocs, which calls for stripping the bill of paragraphs on funding.”

Rights activist Mohammed Anusi occur for “Qurtas News” observations raised regarding the organization of parties law department and this department is legally supposed to have connections to the House of Representatives and the Legal it, not linked to the Ministry of Justice,

which are subject to the sectarian distribution within the quota process in the allocation of ministries which affects the work of the parties according to the whims of the Minister of the bloc or another.

Millionday: NOTE — THE LAW OF PARTIES IS SUPPOSED TO BE LINKED TO THE PARLIAMENT AND NOT THE MINISTER OF JUSTICE SO THAT IS WHAT IS BEING CHANGED – 

AMONG FUNDING AND PROCESS OF THE PARTY DEVELOPMENT THROUGH DEMOCRACY ONLY — THIS IS A MUST AND CAN NOT BE DONE THE WAY IT WAS IN THE PAST

Millionday: For his part, the academic detect Ali Hussein Abboud and there are gaps in the law of parties may we referred to and Thbtnaha in points and presented to the House of Representatives office in Najaf province to consider into account to the extent of its importance and relevance to the trends of the Iraqi street, especially street-Najafi, who wishes to find a legal conditioning end the great controversy and sectarian conflict among most of the political components, 

and establishes the principle of partnership fact being under the law and spend without being subject to political agendas funded entities nations are closing the door to sectarian rhetoric, especially with the dangerous security situation experienced by the country.

Millionday: SO OBVIOUSLY THE ISSUES THAT RAISE IN THE COUNTRY NEED TO BE ADDRESSED SPECIFICALLY IRAQ — EACH COUNTRY HAS ITS OWN ISSUES TO RESOLVE SPECIFICALLY FOR IRAQ WITH SO MANY CHANGES IN THEIR ENTIRE SYSTEM —

jarhead: why wont baghdad give kurds arms to help it will benefit the entire country

Millionday: THEY DID GIVE THEM ARMS — THEY MISTAKENLY DROPPED THEM TO DAASH AND HAVE MADE A HUGE MISTAKE IN THE DELIVERY OF THE WEAPONS

Millionday: IT MAY BE A LITTLE WHILE BEFORE THE EFFORT IS MADE AGAIN

Millionday: SMILE

allinxpress: How do you mistakenly arm your current enemies? I mean.. Seriously? Doesnt make the GOI look too competent

Millionday: IT IS NOT THE PROUDEST MOMENT I AM SURE — I AM NOT SURE WHO IS RESPONSABLE OR WHAT THE MIX UP WAS BUT HUGE PROBLEM

Millionday: LET ME LOOK AROUND AND MAKE SURE WE HAVE NOT MISSED ANYTHING –BRB

Millionday: SO THAT IS ALL THE NEWS I FIND OUT RIGHT NOW SO WE WILL SEE YOU TONIGHT

Millionday: SEE YOU AT 730 EST

Millionday: TONIGHT NEWSTIME SHOULD BE THE RESULTS OF SO MANY OF THESE MEETINGS WE SEE THEM IN THE MIDDLE OF —

http://www.dinarupdates.com/showthread.php?15491-Millionday-News-5-15-15

Why Deflation Is Unlikely

Why Deflation Is Unlikely    By Alasdair Macleod

Financial markets are becoming aware that the US economy is stalling, so investors increasingly take the view that with demand likely to stagnate or even fall, prices for goods and services will soften. 

This is already threatening to be the situation in a number of other advanced nations, with negative interest rates to combat it becoming commonplace. For this reason, gold and silver priced in dollars are expected by many traders to drift lower.

Putting the prices of precious metals to one side for a moment, there are some serious issues with this analysis. Let us assume for a moment that the US economy does stall; the text-books tell us supply and demand for goods and services will rebalance at lower prices. 
~~~

This was what effectively happened in the wake of the Lehman Crisis, when energy, metals and precious metal prices all fell sharply and large discounts for manufactured capital goods became available.

 This does not mean that second time round (and a sliding US economy could create the sort of financial strains that make Lehman look like a walk in the park), the same thing will happen again.

Indeed, for next time the central banks already have a plan to contain the situation based on their experience in the Lehman Crisis. It involves the rapid expansion of money, which to the Federal Reserve System (“Fed”) at least has been proven on recent experience to have little or no inflationary consequences whatever.

We therefore know something we did not know in the wake of August 2008, when the imminent collapse of the global banking system drove everyone to increase their cash balances.

This time we know that last time’s guarantees of $13 trillion, or whatever sum you care to think of, will yet again be provided by the Fed, backed by hard cash on demand. Forget bail-ins; they are for dealing with one-off bank insolvencies, not a wider systemic crisis.

Of course it’s tempting to think that a new financial and economic crisis will drive us towards selling anything we can for cash.

However, this has not necessarily been the experience of previous monetary inflations: after printing money fails to raise the animal spirits, the consensus often expects a fall in prices, only for the opposite to happen.

This was certainly the case in Germany and Austria after the First World War, when economic burdens from the combined destruction of infrastructure and wealth, the loss of productive lives, the end of military spending and the burden of reparations were all expected to overwhelm their respective economies. The result was people briefly preferred to hold onto their savings rather than spend. How wrong they were.

The political situation then was very different from that of today, but there was an important economic similarity. The rapid acceleration of growth in money supply failed to stimulate the Germanic economies in the preceding seven years. It’s the same today.

The mistake is the one identified by Frederik Bastiat nearly 200 years ago with his fallacy of the broken window. We see the dynamics of a failing economy and draw our conclusions from that observation alone.
We disregard the previous monetary inflation, and we have yet to see the more rapid expansion of money and credit to come. This is why we do not anticipate the growing certainty that the purchasing power of money will fall and not increase, embarking on the same value-path as the German mark and Austrian crown in 1920-23.

If a financial crisis is to be averted, the best we can hope for is an economy moving sideways rather than expanding. But there are dangers to this hope, partly from markets that are dangerously over-valued, and partly from the limitations on further private sector debt creation. In short, we are living with a situation that is highly vulnerable to an exogenous shock.

Meanwhile, the prices of gold and silver reflect the deflationary view to the exclusion of the likely outcome. There is no doubt that many dealers believe that gold and silver are merely commodities, otherwise they would be chasing their prices upwards in a dash for cash.

 Future historians should be puzzled. Perhaps someone will write a history with a snappy title, such as “Extraordinary Popular Delusions and the Madness of Crowds.” 1

1 Already written by Charles Mackay and published in 1851. Updates will doubtless be required.

https://www.goldmoney.com/research/analysis/why-deflation-is-unlikely

Tman talks about federal law.

tman23 The FED COURT LAW was #1 on the KURD LIST that was the agreement to participate in the government… The Kurds walked away last week after Shia got “bitter” and the dispute began… Then Jabouri said he was going to lift the 19th Parliament session to the 25th…where they would vote on the investment law… The Kurds meeting in the Kurd Parliament said the Fed Act Law would not be able to be passed during this year Parliament session because of differences… IF IF IF They vote on this on the 19th and pass the Fed Law… Speculate that Barzani has rattled the cages hard…And he is bringing in investments and liquidity to Kurdistan…And with all that being said…He is not opening the Kurd market to foreign investment with 3 zeros… If that FED LAW IS PASSED…WOW!!! Their is MOTIVATION for SOMETHING BIG!

 

Kurdish Minister: Obama stressed that the Kurds are a strategic ally to America

The Minister of Construction of the Kurdistan Regional Government Derbaz Rasul Ali confirmed on Thursday the success of the visit of the delegation headed by the Kurdistan Region, Massoud Barzani Head of the Kurdistan Region to the United States of America, and described it as fruitful.

He said in a speech during his participation in the opening of the Ninth Erbil International Fair for Reconstruction and Machinery and Construction today on the Erbil International Fair that the US President Barack Obama stressed that the Kurds are a strategic ally to the United States of America, and America will support the Kurdistan Region and Iraq in the war against terrorist Daash, according to the report by the Patriotic Union of Kurdistan (PUK) website.

He stressed that “the delegation’s visit was fruitful and successful and have a significant influence on the course of political action in Iraq in general and in particular, in the Kurdistan region./End