Category: Dinar Recaps

Tidbits From TNT on a Very Quiet Saturday Night 8-29-15

TNT:

Chris :  From Earlier today: Just talked to one of my bankers he is ready for me to RV…..YES it can happen anytime    
  
I have two friends that are bank presidents…all they will say is to be ready, they will let me know.


Paperbag:  China is not happy with the delays so this can’t go much longer.

Luvwofs:
  Shoot everyone who knows and has been waiting isn’t happy lol

Starchild:  and China can sell $50 Billion in US Treasuries every week until the delay ends…. Zero Hedge is calling it Quantitative Tightening… the opposite of QE or Quantitative Easing…

Red: China if you are monitoring this website, push the button push the button push it tonight
….
Nick27:  If Iraq was going to truly RV don’t you think they would have… just saying. what are they waiting on?

Paperbag:  iraq is doing what they are told…. china is motivating the button pushers

Knighthawk:  I don’t think China is the one to push the button. If they were, they would have done it rather than revalue the yuan…. China can however call internatioal loans due… that would move things quickly…. Basically, China de-dollarized themselves in anticipation of a plummeting dollar value.

Blueblaze: 
6 hour window tonight is our time when all banks are closed so they can slip the new rate in

Kue11:  Maybe this the quiet before the storm.

Rrrr: You were born to do more than work, pay bills, and die. You’re here to enhance the life of your family and everyone around you. You were chosen for this Blessing… Don’t worry about when… just focus on what you were destined to do… Make the most of it. The world is waiting for you to fulfill your Destiny… Be Ready… Our time is near!

ECCL519:
  So Quiet In Here Van Morrison https://www.youtube.com/watch?v=te6F1rX3wzo
(Dinar Recaps Note: This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)

Daz:  AN OLDIE BUT A GOODIE POSTED ON RECAPS 3.5 YEARS AGO  BY “ANONYMOUS” AND STILL HAS MERIT

 2/21/2012

Let me just say this, if I were to give you a list of “good” Banks today, that does not change the fact that tomorrow they may go through an Audit and determined to be insolvent!!! 

I would not spend too much time today worrying about what bank today is a “good” bank – lets worry about that AFTER THE RV and when you are wealthy! 

Here are two useful links from ehow.com on determining a bank’s financial health:

   LINK 1:   http://www.ehow.com/how_5169725_quickly-determine-banks-financial-health.html

   LINK 2:   http://www.ehow.com/how_5169725_quickly-determine-banks-financial-health.html

But, really, there are NO GUARANTEES in life

You must know that Life is NOT “Fair”!  Therefore, to best protect yourself and your money, split it up and deposit your money in several banks!

You can start from “day 1″ when you go to exchange your IQD after the RV.  Let’s use some simple numbers and assumptions for this example.

Lets assume you own 1 Million IQD after the RV, and the rate comes in at exactly $4.00 to 1 IQD.  Congrats, you are now worth $4Million!!!

Now, did you know that when you exchange the IQD, you don’t have to do it all in one lump sum? 

In fact many experts will tell you to split it up!

So, lets assume you take just 125,000 IQD ($500,000 USD) to Bank/Broker #1, and then take another 125,000 IQD to Bank/Broker #2 and do this with a total of Eight different Banks / Brokers!  You have split up your deposits, making it very difficult to now lose all your money due to a Bank Failure, or a dishonest Private Banker!

If you have one favorite Currency Dealer, and are planning on using that organization, have them send out 8 separate wire transfers to each of your 8 banks.

Of course for each of the 8 banks you will need to set up your account with them using one of their Private Bankers which is assigned to you from that Bank. 

Do you need to do any of this today?  Heck NO!!!!  In fact, I am going to wait several weeks after the RV to contact banks and Private Bankers!

THINK ABOUT THE “OTHER” BANKS…

Another thing to think about is we are all familiar with the common Four “Big” Banks, but most of us have never had to use Commercial and Business Banks.  Keep your mind open about working with them too!  They are used to working with large depositors! 

You have to remember, the “Big 4 Banks” make their money off the “average, middle class” people who have a monthly average balance of only a few hundred dollars or a few thousand dollars in our accounts (like you and me today!) 

But, Commercial and Business Banks make their money off the “rich and wealthy”!  They are very familiar in dealing with “Million Dollar Clients” who are often Small Businesses that run Millions of dollars monthly through their institution.

CAUTION ABOUT PROFESSIONALS…

You and I will be “new” to this reality of being considered a “Million Dollar Client” by these Banking Professionals, Attorneys and Investment Professionals. 

A few of these people will be jealous of our new wealth!  Yes, some of these people will want to help us, however unfortunately some will try to betray us!  That is reality and that is fact! 

Beware of this now, before you go in to banks or meet with Investment Advisors.  Keep your mind about you, if they start talking all kinds of fancy words that you never heard before, ask them to explain it for you! 

If these Professionals are not patient enough to fully and patiently explain their programs to you, then wright down the words you don’t understand, get their brochures, and leave to go do your own research!!!  I would suggest you always make a point of meeting with a few more Professionals to hear their opinions and offers also before you ever make an agreement.

A FEW MORE CAUTIONS TO CONSIDER…

I will not do business with anyone over the telephone that has contacted me first!  You know what I mean, the Telemarketer who calls you out of the blue, is very friendly and sounds extremely intelligent!  He/She may be as honest as the day is long, but I will refuse to hear his/her offer or talk to them! 

Not to be “rude’ but there are just too many scam artists who use the telephone to steal money!  If I do have any interest, I will tell them to send me a proposal to my email address.  I will give them a free email address that I use ONLY for this purpose (I call it my “SPAM BOX”) it will be a free email account with a free provider like Hotmail, Yahoo or Gmail.

If someone is pressuring you to buy some sort of investment, tell them you need to run it past your attorney first and it will take a minimum of a week before you can come to a decision.  If they insist you still decide “now”, leave! 

Trust me, what they are offering to you is not that “urgent”, and if they don’t want you to take time to think about it, then it is 99% because what they are “selling” to you is a “SCAM”!!!! 

Would you rather wait a week to be sure and better protect yourself from scam artists or jump on some “hot” deal that “fails” and you are now out the money or worse yet, broke!

IN CONCLUSION…

I would recommend that you NEVER tell anybody exactly how much money you really have!  And just to be clear, “anybody” DOES refer to my family as well, especially my family! 

No offense to my family, but only my Spouse will be privileged to know exactly how much money we are worth!!!  I’m not even going to tell my children, they can find out from my Will after I’m dead!  This will be really tough on most of you, it is for me too, but it is vitally important to NOT tell them!!! 

So, knowing my opinion on who to tell, when working with Private Bankers, Attorneys, CPAs and other Investment Professionals, stick to only the amount of money that you have on deposit with them!  Don’t tell them about your other investments and don’t tell them that you have seven other banks with a Quarter Million each! 

If you tell them…..  Do you know what will happen???

That Private Banker or Investment Professional will lose sleep at night, he/she will have nightmares thinking about how they can convince you to move your money over to their bank! 

When their Supervisor tells them to “up their numbers” for the Month/Quarter/Year – who are they going to call???  YOU!  So, don’t tell them you have other money or investments! 

I will say it again!  Don’t tell anybody, its none of their darn’d business to know!  This will keep you and your family much safer too.

Trust, but verify!

Keep one sad reality in your mind at all times, nobody is your “friend” when it comes to large sums of money!  The more a professional wants to become your “buddy” and “friend” by giving you gifts, taking you out to dinner or a vacation, that person is trying to set you up to take your money! 

Almost all legal financial and investment Individuals and Institutions in the United States (and most other Modern Countries) are Regulated to a gifting limit of something around $100 USD in value per year!  If that guy just “gave” you a vacation worth $5K or $10K he is breaking the law!  If he is breaking the law, what are his intentions with your money???!!!

The “deal” that is just too good to be “true” is almost always a scam!  The harder they push to rush your decisions, the more likely it is a SCAM, and you should walk away and don’t look back! 

FINAL LAST WORD!!!

If you now have (in my post RV example above) $4,000,000.00 in the “bank” you are “RICH”!!!  You don’t need a “get quick rich” investment scheme to make you what you already are!!!  If you don’t feel good about it, or understand it, then don’t do it!!!

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

BeachCindy:  Yes, I remember DC talking about exchanging at several banks … in fact if I remember correctly I believe he said he was exchanging at 7!

Good advice … good to hear it again. Thanks DAZ.

Reposted: “Difference Between Private Bank and Wealth Management”

Originally posted by 4Abba at TNT:

Difference between private banking and wealth management

Deciding where to bank and how to invest is one of the most important considerations for would be investors; banking has evolved over the years from a reserve of the elite in society to a common tool used by everyone in the society.

Many people are earning lots of money in the world and becoming wealthy. Many of them however, do not know the benefits of banking especially private banking to increasing their wealth.

Private banking:  is a type of personalized banking service offered by many high street banks and private banks. Private banking  enables the individual to communicate with the accounts manager on a personal level.
….

The account holder will be able to get access to their funds at a personalized level quick and easy without having to deal with the other staff of the bank.

The funds in a private account are also better protected thus will reap more from the banks services in terms of interest rates.

Wealth management is a financial management service provided by professionals. These services are usually delivered to high-end individuals with a big checkbook.

Wealth management will focus on long-term investments for an individual as opposed to short-term. There are some firms that cater to the needs of middle level family wealth management as opposed to high-end clients.

Wealth management firms will cater to your individual financial needs according to your requirements. Many people tend to assume that they can perform their own financial management; they forget the tax reprieves wealth management institutions offer them.

The main difference between private banking and wealth management is that financial banking is banking service that does not necessarily deal with investments for clients.

A client may open an account just to deposit money in while in wealth management the user opens an account to improve on their financial well being in the end.

The wealth management institutions offer some kind of high return savings for clients.

Wealth management can be offered by many institutions including mutual funds and other types of funds.

Private banking
can only be offered by a financial institution such as a commercial or a private bank.

The private bank can also service the management of wealthy for their clients. This saves them a lot of time and gives them a peace of mind.

It is basically evident that private banking can be extended to cover wealth management but wealth management firms cannot provide private banking facilities to clients; if they need the service, they need to go to a bank of their choice or visit any other financial institution.

Source: 

http://privatebanking38.blog.com/2011/08/10/difference-between-private-banking-and-wealth-management/

Thoughts From a Anonymous Dinarian: “What If?”

Emailed To Recaps:

Hello, I wanted to share my thoughts below with the community, if you feel this is appropriate to post please do. Thank you kindly and blessings to one and all.

I just had a thought pop into my head today and it really resonated with me as true. What if we have been looking at this whole timing of the RV the wrong way. Thinking that the date and time has come 1000 times already and every time something has stopped it.

What if
the date and time that has been chosen hasn’t actually come to pass yet.

What if all of the information that is flooding the Internet is actually a massive disinformation campaign. A campaign that’s purpose is to throw off anyone who is trying to stop this RV and GCR from happening.

This to me seems to be the perfect cover to keep the plans of the actual RV under wraps, so no one can stop it from happening.
….

If you really stop to think about it, it’s a brilliant plan, which when you consider what brilliant minds must be controlling this whole process it would make perfect sense.

See it’s not that trustworthy messenger/gurus are wrong or that their sources aren’t actually part of the process. It’s just that those said sources are feeding them disinformation in an effort to keep the bad guys from finding out the actual plan.

This isn’t to hurt us, the people that will benefit from this… but to simply defend against the forces that are trying to hinder this blessing to humanity.

By not telling anyone the actual plan and creating multiple narratives, no one really knows when this is going to happen.

To me this makes perfect sense and in light of this new revelation I am content with patiently waiting until that time and date arrives.

I think that as whole community, we tend to overanylize every piece of information that comes out about the RV and spend far to much of our time buried deep in thought versus trusting our gut and our intuition.

Sometimes more information is more damaging them little or no information.

I believe that this plan is being orchestrated by brilliant minds who are following it precisely how it was meticulously laid out.

My gut and my intuition tells me that this amazing blessing will happen exactly when it is supposed to happen and all need to do is go along for the ride.

I think the most important thing we can do now is live life and not sit around waiting for this to happen.

We should embody the giving, caring and supportive person we want to become when this RV happens. Practice random acts of kindness each and every day, surround people with love and positivity and never stop believing in yourself.

Blessings to all and GO RV.    Name-Anonymous,

Reposted: “6 Costly Estate-Planning Minefields and How To Avoid Them “

Reposted from 5-5-15:  6 costly estate-planning minefields, and how to avoid them 

Over the years many celebrities have provided cautionary estate-planning lessons, and actor James Gandolfini, who died in June 2013 at age 51, is no exception. The actor, known for portraying mob boss Tony Soprano, left a portion of his estate, widely estimated at $70 million, to relatives and friends through his will, which became public and was criticized as being badly constructed.

For one thing, it exposed some of his wealth to probate, the time-consuming and potentially costly process a legal court takes to administer financial affairs. In addition, his estate could owe millions of dollars in federal estate tax alone.

At least Gandolfini had an estate plan; fewer and fewer Americans do. In 1998, 61 percent of Americans 55 and older had a will or trust. In 2012, only about 54 percent did, says a study by Texas Tech University.

Failing to take action or making the wrong moves can be costly for you and your heirs. Here are six blunders experts told us they see most often, and what to do instead:
….

Minefield No. 1: You think you’re too young for a will or don’t have enough assets to protect

A good estate plan can save your heirs some money; it also protects you and your family while you are alive. If you don’t have a plan and you become incapacitated, someone will have to go to court to be named your guardian so that he can make medical and financial decisions for you.

The process not only is unpleasant but also could easily cost $10,000 or more, says Martin Shenkman, a New York City attorney and certified public accountant. If other family members object, the process could drag out, which will cost more and could leave your bills unpaid or delay needed medical treatments.

If you die without a plan, you’ll also have no control over who becomes the guardian of your minor children or who gets your assets. “A lot of people assume that if they do nothing, everything goes to a surviving spouse,” says Deborah Cohn, an estate-planning attorney in Bethesda, Md. Instead, your property will pass to your survivors based on your state’s laws of intestacy. (You can find links to your state’s rules here.) 

And if you have neglected to name beneficiaries on accounts that need them, such as retirement, life insurance, and brokerage accounts, the companies that manage those products have a default rule in their contracts’ fine print that spells out how your assets will be distributed. “It might say it goes to your surviving spouse, but it might also say it goes into your probate estate,” Cohn says. “Then your state’s intestacy law make those decisions for you, and money will be depleted to pay for probate.”

Steer clear. Get a basic estate plan in place. You’ll need a will, which states who you want to inherit any property that does not have a designated beneficiary, and name a guardian to care for young children.

You’ll also want to draw up a financial power of attorney, which will allow someone you name to make financial decisions for you when you no longer can. Health care directives, which include a health care declaration (living will) and a power of attorney for health care, let someone make medical decisions for you. (In some states, those documents are combined into one, called an advance health care directive.) You may also want to consider a trust, which will hold some or all of your assets and pass them directly to your heirs at your death, avoiding probate.

Drafting a plan doesn’t have to cost tens of thousands of dollars. You can do it yourself with document-writing software that costs less than $100. “DIY plans are better than nothing, but they won’t address your individual needs,” says Russell James, an estate-planning attorney and a professor in the department of personal financial planning at Texas Tech University. A basic plan drawn up by a pro can cost as little as $1,500 to $2,500, says Steve Hartnett, an estate-­planning attorney and the director of education for the American Academy of Estate Planning Attorneys.

But if your situation is more complicated (for example, you own a family business and will need to set a up a plan for a child with special needs), the cost could be several thousand dollars.

Search for an attorney who specializes in estate planning by getting a referral from your accountant or financial planner, or check the websites of the American College of Trust and Estate Counsel and the National Academy of Elder Law Attorneys. 

Then call a few and ask how much they’ll charge, if anything, to meet with you for an hour and discuss your estate-planning needs. After your consultation, concentrate on negotiating the lowest price you can with the lawyers you like the best.

Minefield No. 2: You put everything in joint ownership

After a divorce or the death of one parent, the surviving parent often add a child’s name (or that of another relative or friend) to bank, brokerage, property, and other assets as a way to ensure that they can take control if you need them to, and allow them to inherit the assets when you die and avoid probate, James says. “What parents often fail to grasp is that the child is a full co-owner of the asset immediately,” he says. You may not be worried about your child or another person you trust misusing the funds, but your worldly goods could be at risk if he is involved in a lawsuit, bankruptcy, or divorce proceeding.

Steer clear. You can designate who will inherit your bank accounts, vehicles, and real estate automatically when you die. For example, you can set up payable-on-death bank accounts. All you need to do is fill out a simple form, provided by the bank, naming the person you want to inherit the account. While you live, the person you named has no rights to the money. You can spend it, name a different beneficiary, or close the account. At your death, the beneficiary receives the funds directly, avoiding probate.

Almost every state has adopted a law (the Uniform Transfer-on-Death Securities Registration Act) that lets you name someone to inherit your stocks, bonds, and brokerage accounts without probate. It works very much like a payable-on-death bank account. You tell your stockbroker or the company itself that you’d like to take ownership in what’s called “beneficiary form.” Those you name have no rights to the asset as long as you are alive.

Several states also allow transfer-on-death deeds for vehicles. You can find a list of the states that allow those types of accounts on Nolo’s Website. 

Minefield No. 3: You forget what a will doesn’t do

One of the biggest misconceptions is that a will has the final word, James says. But if you have a 401(k), an IRA, insurance policies, and other assets with named beneficiaries, as well as the payable-on-death and transfer-on-death account mentioned above, that money will be distributed directly to the people named, even if your will states otherwise. So if your will says that you want your son to receive your life-insurance proceeds, but your ex-wife is still the beneficiary on record at the insurance company because you forgot to update your information, she gets the money.

Steer clear. Make a list of your assets with named beneficiaries, and review them at least every five years. Make sure that all documents still reflect your desires and that your beneficiaries and financial and health care proxies are still willing and able to serve. In addition, revisit your estate plan if Congress revises estate-tax laws or whenever there is a major change in your life, such as a birth, death, marriage, or divorce.

Minefield No. 4: You allow your legacy to be squandered

You may wish to leave property to a beneficiary but worry that he won’t spend it wisely or that she might get into trouble with creditors. Even if you respect your heir’s ability to handle money, he still might be tempted to spend it quickly. In a 2012 study, Jay Zagorsky, a researcher at Ohio State University’s Center for Human Resource Research, found that the average baby boomer surveyed had spent, donated, or lost roughly half of his or her inheritance in the first 12 months.

Steer clear. If you are concerned, put the assets you want to pass on in a trust and include instructions on how and when it will be paid out. A spendthrift trust allows payments to the beneficiary on a regular basis (say, monthly), so it can’t be spent all at once. Because the beneficiary cannot access the trust principal, neither can his creditors.

You could also set up a trust that pays funds out over time—say, when a child reaches ages 25, 30, and 40. Or you can say what the funds can be used for, such as educational expenses, a new home, or retirement savings.

Minefield No. 5: You ignite sibling rivalry

“When parents die, fights between siblings are often over things, not money,” Cohn says. Jewelry, furniture, artwork—the legal term is “nontitled property”—and who gets what is often the biggest source of unhappiness among surviving family members.

Steer clear. Talk to your children to find out what they want and expect. “Parents have to be skillful in setting the tone,” Cohn says. “If you are asking for honest answers, you have to be willing to hear them.”

Of course, you’ll have to make the ultimate decisions. So if you want your jewelry or paintings to go to a particular child, put it in writing. Many states let you attach a codicil to your will indicating that you’ve made a separate list distributing your possessions. You can update the codicil without having to update your will when you do.

Minefield No. 6: You overcomplicate your plan

The federal estate- and gift-tax exemption is $5.43 million in 2015, up from $600,000 in 1997; it continues to increase with inflation each year. Spouses may combine exemptions, so they can leave or give away $10.86 million this year without their heirs owing federal estate tax (which can be as high as 40 percent). The Tax Policy Center estimates that just 0.14 percent of estates in 2014 owed federal estate tax, down from 2.3 percent in 1999 and 7.65 percent in 1976.

When the limits were lower, many married couples funded complex plans that often included a bypass trust to take full advantage of the estate exemption. The trust would include as much of the deceased spouse’s property that he could pass free of estate tax using his exclusion. The surviving spouse would often have access to the income from and the principal of the bypass trust during her life, but the bypass trust would not be part of the surviving spouse’s estate at death and would pass estate-tax-free to the beneficiaries.

In 2011 the law changed to make the deceased spouse’s exemption portable, offering couples the option to jettison the trust to avoid its drawbacks. For example, assets in a bypass trust won’t get a step-up in basis at the death of the second spouse, so the heirs could face big capital gains bills on appreciated assets. Depending on where you and your intended beneficiaries live, the income-tax savings from the step-up in basis may be greater than the estate-tax cost.

In addition, unless trust income is distributed, the income-tax penalty can be huge. That’s because a trust hits the highest income-tax bracket once it has more than $12,150 of taxable income. By contrast, a single individual doesn’t hit that bracket until his taxable income is more than $406,750.

Steer clear. You’re not likely to need a bypass trust to use both spouses’ exclusions. But if you already have one set up, talk to your attorney about what to do. Depending on your situation, you may still find a bypass trust worthwhile if you want to protect assets from creditors or ensure (in the case of a surviving spouse’s second marriage) that the money eventually goes to your own children. 

http://finance.yahoo.com/news/6-costly-estate-plannning-minefields-204500869.html

Reposted Per Request: “Some Post-RV Tips Gathered By DebTarHeelGirl”

Reposted:  Some Post RV Tips Gathered by DebTarHeelGirl: 

Take what fits your individual situation and leave the rest.

HOME SECURITY SUGGESTIONS:

_____ Install a security system in your house.

_____ Install a backup generator in case the electricity is cutoff in your house.

_____ Install high security Medco bolt locks.

_____ Consider installing a heavy-duty safe in your home or building a “safe room”. I plan on having a hidden safe like what is available through this company: www.hiddenpassageway.com

_____ Install reflective film on your home windows.
….

____ 1. INSURANCE:

_____ Upgrade your personal, home, auto and umbrella insurance to the highest amount they are willing to sell to you immediately following the RV.

_____ For example: if they offer $1 million on your vehicle, get it. It can be a first line of defense in the event someone tries to sue you from an accident (even a “planned accident”).

_____ Consider ransom insurance, too!

_____ 2. PERSONAL SECURITY:

_____ Get training in self-defense / firearms.

_____ Don’t flaunt your newly obtained wealth. Be very low-key.

_____ Be careful of your conversation in public areas where others can overhear you.

_____ Don’t trust anyone.

_____ Pick your friends wisely. Keep your friends close and your enemies closer.

_____ Close all of your social networking accounts. If anyone asks you why you closed your Facebook, just tell them for security reasons. (my husband and I have already done this).

_____ Completely erase all personal information on the internet.

_____ Do not have your home in your personal name (you can use a trust, for example). Remember, property tax records and other records associated with your home are easily available to the public.

____ 3. IDENTITY THEFT:

____ There are many companies available to assist you with protecting yourself from identity theft, such as Lifelock

**********

How to work a bank deal post RV

_____ First of all, relax. You do not have to cash out the very first day. You will have plenty of time. Make sure you are getting the best deal you can.

_____ Money talks and has considerable power. You need to walk into a bank and tell them what you expect if you choose to exchange your dinar there.

_____ You expect no fees, the highest rate possible (make sure you tell them the rates you can get elsewhere)

_____ Immediate access to your money

_____ An appointment with a private banker and

_____ An appointment with a wealth mgmt. consultant.

_____ A private or personal banker is your personal banker and they are there for you.

_____ This is your go to person for normal banking issues and transactions. They should be the only one to handle your account and you should keep their number on speed dial.

_____ Your private banker is always there for you and defers to your decisions.

_____ Make sure and feel comfortable with whom your private banker and wealth mgmt. advisor is and feel

_____ Free to ask for a new one if needed.

_____ Always ask for referrals, successful bankers do not mind providing this information.

_____ Then check on those referrals and ask questions such as…is the banker available when needed,

_____ Do they return calls in a timely manner,

_____ What is your track record with them.

_____ Do they follow your agenda or push their own?

_____ Since you are going to become very close to these people….

_____ You need to assure you have like personalities and are comfortable dealing with them.

_____ The bank we are dealing with makes additional resources available depending on your net worth.

_____ Worth (for lack of a better word) start at $250,000 in investable assets and go up from there.

_____ Obviously the more you are worth, the greater your accesses and privileges.

_____ Privileges include such things as …..

_____ Investment management,

_____ Concentrated stock management

_____ Intergenerational wealth transfer strategies.

_____ Make sure they are professional and not just someone you hear about on the internet. You’ve waited to long for this money to lose it via some internet scheme. Other things you need to ask for and expect includes…

_____ NO fees ever…. 

_____ NO cashier check fees,

_____ NO bank fees,

_____ NO credit card fees or

_____ Annual membership fees,

_____ Free use of a safety deposit box.

_____ You need to ask for a privileged ATM card. I am not sure what other banks call this so make sure and ask. It’s a debit card with higher daily limits or even unlimited depending on your situation and NO FEES, even when out of network.

_____ Be sure to determine both your ATM cash withdrawal daily limit (or no limit) and your debit card spending limit (or no limit). They’re different.

_____ Banks are well aware of how to verify and deposit foreign currency as they do this every day. Your dinar will be sight verified in front of you and deposited into your account.

Tidbits From TNT Late Saturday Morning

TNT:

TBarts: Quiet morning all. Just another silent Saturday. Wish it were a surplus Sunday!

Jetpack:  Since the Operational Exchange rates already updated yesterday I’m remaining very grounded about this week we very well may have to wait little longer but after 9yrs guess I can wait little more if need be

Mobius:  Jetpack: my understanding is rates can change any time, and are only posted for record keeping purposes only

TBarts
:  Mobius. It fits with what I have been told. 3 days before the 1st they can change payroll for the end of that month and three days after the 1st they could change rate for payroll from then. Makes sense to me
….
Ole Sailor:  Please understand that the UN Operational Rates schedule is a REPORTING MECHANISM, it is not predictive or absolute. When the rv/gcr changes THE RATES WILL BE REPORTED in the UN Operational rates. The same is true for forex. Forex only Reports what has been done by the CBI

So don’t freak over the UN stuff or worry about the forex. The only thing I see is the forex market may “anticipate” a change and do some competitive bidding but until CBI changes the rates, don’t freak over either of them

Iko Ward :
If ANY of the basket currencies post a substantial rate change in our favor it means the Dinar has also changed somewhere in the system. Once the rate begins to change it will snowball due to world trade needs and influence. The CBI may not even post, but we have intel sources just as deep.

Jsstripler: 
HI EVERYONE – China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter ——WELL this tells us there just as broke as everyone else, not much liquidity in china, GO RV

Pearle:  The good thing is that there is a lot of activities with the reforms

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

OK Rocks:  (NOW UPDATED) SO WHAT HAS THE PARLIAMENT DONE SO FAR TODAY? AUG 29

PARLIAMENT HEADLINE NEWS THUS FAR TODAY……….

Breaking News PM names General Falahi as Commander of IA 10th Division ( 2015/8/29 18:40

Breaking News PM names Brigadier, Kamil, as Deputy Commander of Anbar Operations Command ( 2015/8/29 19:21

Breaking News Parliament session starts to vote on National Guard Forces Law ( 2015/8/29 19:36

Breaking News Abadi appoints General Fatlawi as Commander of IA 8th Division ( 2015/8/29 20:04

Breaking News Parliament starts investigating Minister of Electricity ( 2015/8/29 20:29

Breaking News Parliament adjourns its session for 30 minutes ( 2015/8/29 22:20

Breaking News Jobouri: Minister of Defense to be summoned by parliament as requested by MPs ( 2015/8/29 23:40

Breaking News Jobouri: Parliament to review governmental reforms soon and will discuss the parliament’s supervisory role in the upcoming days. /End/ ( 2015/8/30 0:50

http://en.alforatnews.com/

**********

PARLIAMENT UPDATE: GOING BACK TOMORROW/SUNDAY

Publishing Date: Sat, 29 Aug 2015 14:31:50 |

Lifting of the House of Representatives, Saturday, its 17th day to Sunday after his conviction that the voice on the answers and Electricity Minister Qassim al-Fahdawi, and finished first and second reading of the two bills.

The parliamentary source said in an interview with the news agency of the day, “The House of Representatives to raise its 17 held today, chaired by al-Jubouri, and the presence of 260 deputies to the day, on Sunday.”

The source, who asked not to be named, said: “During the meeting the Council voted Baknaath the answers provided by the Electricity Minister Qassim Fahdawi during questioning in Parliament, and finished the first reading of the draft law to compensate those affected by the military errors.” He explained, that “the meeting saw the vote on the amendment of Criminal Procedure Law No. 23 of 1973 and ended the second reading of the draft Tax Code.”

The House of Representatives held on Saturday (29 August 2015), held its 17th chaired by Salim al-Jubouri, and the presence of 260 deputies, is scheduled to witness the meeting vote on the draft law of the National Guard and end the first and second readings of seven bills.

http://today-news.org/news.php?NewsID=6774

Jubouri cancels visit to New York to follow up the implementation of reforms

Publishing Date: Sat, 29 Aug 2015 13:58:55 | Views: 8

The President of the House of Representatives Saleem al-Jubouri, Saturday, to cancel his visit to New York was scheduled to be carried out by the beginning of next September, in order to follow up the implementation of government and parliamentary reforms.

Information Office of the Jabouri said in a statement seen by AGENCY News today, said that “Parliament Speaker Salim al-Jubouri, canceled his visit to New York, which was to be carried out by the beginning of next September to attend the heads of the World Conference of Parliaments.”

The statement added, “The decision to cancel the visit comes because of the exceptional circumstances through which Iraq and the keenness of al-Jubouri and his insistence on speeding up to meet the demands of the people through the continuous progress of the implementation of government and parliamentary reforms follow-up controls, and due to reach a lot of important laws to maturity and that you need during this period to approve fast and urgent.

It is scheduled that the Fourth World Conference of Speakers of Parliament held in the United Nations New York headquarters for the period from August 31 until the current second of September.

http://today-news.org/news.php?NewsID=6771

Late Friday Night Bits and Pieces in Dinarland

TNT:

luvwulfs :
CNN reporting 7,000 US companies have lost $1.2 billion in last 3 years due to hackers. Be careful folks

EF:  Well the market ended in red just like we suspected look for Sunday night on Forex and other interesting thing next week should be a wild and bumpy ride

Isa52bc:  100% of all RV’s since 1985 have occurred in April or September

Red:  If it walks like a duck if it quacks like a duck if it is shaped like a duck folks I think it is a duck, we have a duck on our hand folks

Sarek:  I think it is super huge that Tony shared about not making any travel plans right now….I think that’s the first time I’ve ever heard him recommend that
….
Mangelo:  serek that’s true, I never heard him say that before….so that is diffidently a great sign that this is going to happen this week….

1DesertRat:
Super huge!!…I’m listening to the call now….in past when anyone has asked tony about traveling….he has responded in a variety of ways based on the timeline….but never advised not to travel, but rather stay in close…whereby you could be back in a few days….this is the first time I’ve heard him essentially say…stay put, another words

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

ManinC56:  ***Bank and Math up date…2 in one crazy Bank story…Houston

So I have gotten a few friends to understand enough to listen to Tony and realize our dream…one was at WF in Houston 2 weeks ago (don’t ask I can’t say) he went in to purchase some Rupiah on my suggestion to get plan “B” revved up… asking the tell to purchase 10,000,000 she said that will be $170,000 US….he about crapped his pants… he excused him self and got on the phone…

”Holy Moly it’s happening….”Go back in…you have a note in your wallet like I told you to carry!”    sadly NO and of course by the time returned…the rate had changed.

I did not post it then but will now because the other friend…spoke to WM at the same Bank last week about the rates that day…the WM went in and checked the log… he has never given them more than 5 minutes...they are meeting him for lunch tomorrow out side the Bank…I will  up date tomorrow afternoon…

UPDATE:


WF and the number 2 WM in their system…he met them…off Bank property…acknowledged the RV and Currency reset…spoke of different plans to help them with their goals…and BOUGHT THEIR LUNCH…gave them his personal cell and permission to call at any hour….

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

Pat: It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington

It‘s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington /  Submitted by Tyler Durden  on 08/27/2015 23:27 -0400

On Tuesday evening,we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped  a record $143 billion in US Treasurys in three months via Belgium, leaviing Goldman for once. 

We followed all of this up this week by noting that thanks to the new FX regime (which, in theory anyway, should have required less intervention), China has likely sold somewhere on the order of $100 billion in US Treasurys in the past two weeks alone in open FX ops to steady the yuan. Put simply, as part of China’s devaluation and subsequent attempts to contain said devaluation, China has been purging an epic amount of Treasurys. 

But even as the cat was out of the bag for Zero Hedge readers and even as, to mix colorful escape metaphors, the genie has been out of the bottle since mid-August for China which, thanks to a steadfast refusal to just float the yuan and be done with it, will have to continue selling USTs by the hundreds of billions, the world at large was slow to wake up to what China’s FX interventions actually implied until Wednesday when two things happened: i) Bloomberg, citing fixed income desks in New York, noted “substantial selling pressure” in long-term USTs emanating from somebody in the “Far East”, and ii) Bill Gross asked, in a tweet, if China was selling Treasurys.

Sure enough, on Thursday we got confirmation of what we’ve been detailing exhaustively for months. Here’s Bloomberg:

China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter.

Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales, said another person. They didn’t reveal the size of the disposals.

The latest available Treasury data and estimates by strategists suggest that China controls $1.48 trillion of U.S. government debt, according to data compiled by Bloomberg. That includes about $200 billion held through Belgium, which Nomura Holdings Inc. says is home to Chinese custodial accounts.

(go to link to see chart)

The PBOC has sold at least $106 billion of reserve assets in the last two weeks, including Treasuries, according to an estimate from Societe Generale SA. The figure was based on the bank’s calculation of how much liquidity will be added to China’s financial system through Tuesday’s reduction of interest rates and lenders’ reserve-requirement ratios. The assumption is that the central bank aims to replenish the funds it drained when it bought yuan to stabilize the currency.

Now that what has been glaringly obvious for at least six months has been given the official mainstream stamp of fact-based approval, the all-clear has been given for rampant speculation on what exactly this means for US monetary policy. Here’s Bloomberg again:

China selling Treasuries is “not a surprise, but possibly something which people haven’t fully priced in,” said Owen Callan, a Dublin-based fixed-income strategist at Cantor Fitzgerald LP. “It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves over the next six months or so as they manage the yuan to whatever level they have in mind.”

 “By selling Treasuries to defend the renminbi, they’re preventing Treasury yields from going lower despite the fact that we’ve seen a sharp drop in the stock market,” David Woo, head of global rates and currencies research at Bank of America Corp., said on Bloomberg Television on Wednesday. “China has a direct impact on global markets through U.S. rates.”

As we discussed on Wednesday evening, we do, thanks to a review of the extant academic literature undertaken by Citi, have an idea of what foreign FX reserve liquidation means for USTs. “Suppose EM and developing countries, which hold $5491 bn in reserves, reduce holdings by 10% over one year – this amounts to 3.07% of US GDP and means 10yr Treasury yields rates rise by a mammoth 108bp ,” Citi said, in a note dated earlier this week. 

In other words, for every $500 billion in liquidated Chinese FX reserves, there’s an attendant 108bps worth of upward pressure on the 10Y. Bear in mind here that thanks to the threat of a looming Fed rate hike and a litany of other factors including plunging commodity prices and idiosyncratic political risks, EM currencies are in free fall which means that it’s not just China that’s in the process of liquidating USD assets. 

The clear takeaway is that there’s a substantial amount of upward pressure building for UST yields and that is a decisively undesirable situation for the Fed to find itself in going into September. On Wednesday we summed the situation up as follows: “one of the catalysts for the EM outflows is the looming Fed hike which, when taken together with the above, means that if the FOMC raises rates, they will almost surely accelerate the pressure on EM, triggering further FX reserve drawdowns (i.e. UST dumping), resulting in substantial upward pressure on yields and prompting an immediate policy reversal and perhaps even QE4.” 

Well now that China’s UST liquidation frenzy has reached a pace where it could no longer be swept under the rug and/or played down as inconsequential, and now that Bill Dudley has officially opened the door for “additional quantitative easing”, it would appear that the only way to prevent China and EM UST liquidation from, as Citi puts it, “choking off the US housing market,” and exerting a kind of forced tightening via the UST transmission channel, will be for the FOMC to usher in QE4.    

http://www.zerohedge.com/news/2015-08-27/its-official-china-confirms-it-has-begun-liquidating-treasuries-warns-washington

Dinar Updates: 

BGG   “…the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him...” 

Reforms launched by al-Abadi today a clear signal of the seriousness of reforms…the reforms are real and MOVING.

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

tman23  FIRST and FOREMOST…Need the Fed Court Law…We should be seeing soon.  

 Medhat al-Mahmoud the courts Cheif Justice…AND… Ismail Moshen (aka Ali Alak) the CBI Governor being replaced…

The Party Law that just passed will put into super sonic gear the rest of the reforms.

 

 

 

BGG Roundtable Chat 8-28-15 

Round Table Chat w/BGG (mid-day) 8-28-15

 Welcome to dinarupdates.com for Round Table with BGG!!

BGG: Reforms launched by al-Abadi today a clear signal of the seriousness of reforms

BGG: BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – said MP from the Civic Democratic Alliance Sunrise Alabegi that the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him, and gave a positive signal to the protesters in seriousness in reform and to move the process of anti-corruption and the corrupt who have looted the bounties of Iraq…
~~~

BGG: http://www.dinarupdates.com/blog/

BGG: For the boo-birds and naysayers – the reforms are real and MOVING…

BGG: Parliamentary Finance recognizes public prosecutors corrupted files money laundering and converting currency abroad

BGG: Follow-up – and babysit -declared a member of the parliamentary finance committee Faleh applicable, for delivery to the committee the public prosecution and the judge corrupted files related to money laundering and money laundering converting currency abroad.

He said in effect, in a statement received news agency public opinion (and babysit), a copy of “A meeting was held in the Finance Committee with the chief prosecutor and judge of money laundering in order to discuss the issue of the Iraqi currency converter to neighboring countries, including (Jordan, the United Arab Emirates, Turkey).”

He pointed to “hand over the chief prosecutor and the judge corrupted files money laundering related to money laundering and convert currency outside Iraq crooked ways.” And he demanded the prosecution of the perpetrators in force in this process and bring them to spend to receive their just punishment. “…

BGG: http://www.dinarupdates.com/showthre…l=1#post128760

http://www.dinarupdates.com/showthread.php?18750-Parliamentary-Finance-recognizes-public-prosecutors-files-money-laundering-8-27&p=128760&viewfull=1#post128760

BGG: Very encouraging they are moving ahead in running down the “bad actors” as it relates to their currency – that article is worth looking at carefully.

quicktolegit96: HAS ABADI PASSED SECOND SET OF REFORMS?

BGG: I don’t think so – just the initial batch have been given the OK by Parliament…
BGG: which reminds me of an important issue…

BGG: there was a “local guru” pushing his point about “Maliki & others – not quite gone yet…” and they posted a particular article… their interpretation seemed to bolster the point…

BGG: However, just as a follow up – I grabbed the link. It wouldn’t “auto-translate” so I copied the Arabic text and ran it thru a couple of translators…

BGG: I could not BELIEVE how far off the translation was VS. their interpretation – I just couldn’t believe it…

BGG: I don’t want to come off sounding arrogant – or condescending… I am just in shock…
BGG: how can they be THAT FAR OFF????
BGG: I get this thing can be tough to understand…

BGG: but that is tough to swallow… then I started trying to make sense of it – it was making my head hurts so I deleted it all

BGG: the real gist of the article was Mutlaq and Allawi had a big “to-do” in one of their offices and “agreed” their ouster might give way to more corruption, blah, blah, blah… whatever. They JUST GOT FIRED. Of course they agreed it is somehow not good.

BGG: Most of that article had the feel of them trying to stay legitimate and in the news.

BGG: but my take is – they are gone….

_firefly_ BGG: The Monetary reform IS moving forward. Monetary reforms ARE a way of life!

BGG: they were corrupt. I said long ago there would be some high ranking Sunni’s dinged in this sweep… those taking bribes from Maliki. He either just paid – or tried to pay Chalibi 20 million.

slh5282: Has the laws that were in the first reading been like the investment law and the money law been sent for second reading and do you think these will be passed in the next week or so?

BGG: I thought the ML law was read once and some speculation is the Investment Law will kick off Monday or shortly there after (reportedly)

BGG: I think they will go pretty quick – that sounds right.

slh5282: Oh OK, so if the ML law had one reading what is the time frame for those for second reading, is there a specific time frame they follow ?

BGG: Probably quick – the WB/IMF only gave them until Oct 1?? Right?? I doubt they let it boil down to the last minute.

slh5282: and do they still have to be published in the gazette to be law in its final state?

BGG: Abadi is clearly reacting.

BGG: of course – but with the obstructionists gone – the gazette will again be a formality – not a hurdle.

BGG: Though this is a Friday and news is normally a little slower – there are still some nuggets out there.

BGG: Thousands flock to Tahrir Square in Baghdad

BGG: Brother – Baghdad – The influx of thousands of citizens and activists, on Friday, on Tahrir Square in central Baghdad to participate in the demonstrations, which are scheduled to be launched this afternoon, while security forces imposed strict measures around the square and nearby areas.

BGG: http://www.dinarupdates.com/showthre…l=1#post128812

http://www.dinarupdates.com/showthread.php?18781-Reporter-(et)-thousands-flock-to-Tahrir-Square-in-Baghdad&p=128812&viewfull=1#post128812

BGG: These protests were the final ingredient to get these major changes kicked off – and they appear to be continuing until real change is in place…

BGG: there was a good article out yesterday that protesters were demanding the PoR remove Mahmoud (the crooked SJC Chair)…

BGG: One of the things Iraqis want is to be judged (and have their leaders judged) fairly.

BGG: So – it’s Friday and protests continue…

BGG: Hakim al-Jubouri and stress the importance of speeding up the implementation of reforms and meeting the demands of the demonstrators

_firefly_: Ministers ‘to be Tried for Corruption’

By Editor on August 22, 2015 in Politics, Security By John Lee.

The Iraqi Commission of Integrity has announced that over 2,000 people, are to face trial for corruption.

According to a report from BasNews, this number includes 13 government ministers. At a press conference in Baghdad on Thursday, the Head of the Commission, Hassan al-Yassiri declared that in support of the Iraqi Prime Minister’s reform package, they have so far investigated 2,000 cases of corruption.

BGG: of the official institutions in this regard. ” End

BGG: http://www.dinarupdates.com/showthre…l=1#post128781

http://www.dinarupdates.com/showthread.php?18768-Hakim-al-Jubouri-and-stress-the-importance-of-speeding-up-the-implementation-8-27&p=128781&viewfull=1#post128781

BGG: Rather than getting tangled up in obscure references to “various parties” – take a look at this – TWO MAJOR POWER PLAYERS urging for reforms to be completed. That is the “meat and potatoes”!!

BGG: Hakim and Jubouri – working on reforms… (and likely Hakim just making sure Jubouri gets the picture – move this stuff thru Parliament ASAP).

Holly1: I have someting on Maliki . don’t know if you have seen it .. may I bring it in ? before my computer kicks me again?

BGG: Please do.

Holly1: State of Law coalition will meet tomorrow to discuss the return of al-Maliki to parliament History of edits:: And on the resignation of Attorney Hassan Sinead, from the membership of the House of Representatives, al-Maliki said explained, “MP Sinead poked him by a comprehensive Alkhia one of the members of the state law, which is the biggest loser on the list, was stabbed in the membership of Sinead health, considering that his highest number of votes.”

He added that “Sinead submitted resignation in the House of Representatives, but submit his resignation submitted to the Parliament and Sinead exists in the Council today and the theme is not settled yet, “he said.” We have in the fifth paragraph on the agenda today under consideration of appeals filed on the membership of some of Representatives health, including Sinead.

“The MP for the coalition State law presented today, his resignation from the membership of the House of Representatives. It is said that Sinead, who have not won in the last parliamentary elections in 2014 has held the seat parliament as a substitute for former Prime Minister Nuri al-Maliki, who was named vice-president in the current government.

 It is likely that the resignation of Sinead be a prelude to restore parliamentary seat to Maliki after limbering included government office in addition to the pursuit of obtaining the legal immunity as deputy charged after him in the fall of the city of Mosul, according to the report of the special parliamentary committee to investigate the events and transmit the report to Alqdhae.anthy 2

Holly1: http://www.alliraqnews.com/modules/n…?storyid=13689

http://www.alliraqnews.com/modules/news/article.php?storyid=13689

Holly1: I don’t see a date … sooooo if this is a old article or not

BGG: The SLC can discuss all they want about “bringing Maliki back” which is a weak immunity tactic. Such a move has several hurdles to clear, one is some kind of administrative OK, then Parliament could (and likely would) vote to “raise” his immunity and have him prosecuted anyway and I think there was at least one other issue they would have to clear – I forget…

BGG: it was only a couple of days ago…

BGG: not to mention the “hot pursuit” of all things corrupt right now and the likely hood Maliki is paying big money for this seat…

BGG: the people get wind Maliki bought a seat in Parliament – that won’t go over well.

thomas1: not to be self center but i am really having some heart problem if you guy could pray for me also bgg do you think this go in oct 2015 without some rv or adjustment for the better

BGG: This could easily go thru OCT. Will it?? Hard to say… I am very hopeful with all the reforms being enacted.

Mrs BGG: Heavenly Father, we pray for Thomas that is having heart problems, we stand on the Word of God, By His stripes we our healed. We pray that you will continue to give him wisdom. In Jesus Name, Amen.

AMEN

RickeyT: thru Oct? What about the sept 29th deadline from the IMF?

BGG: that deadline was relative to their AML Law and procedures – with Maliki out of the picture (by then) and the laws in place it should open the door wide for MR – but that isn’t an RV deadline.

RickeyT: so the sept 29th was just noise?

BGG: No – it was a deadline to get an Anti-Money Laundering Law in place… and was a “veiled threat” pointed directly at Maliki (politically speaking). They were stealing major wealth – it has been having an impact. One way or the other it was going to get handled.

RickeyT: this is why people get frustrated, we keep hearing “they have to” and reality they don’t have to do anything, a lot were led to believe otherwise

BGG: Well – by association – the chain of events opens the door wide to an RV – BUT IT ISN’T – NOR WAS IT AN DIRECT ASSURANCE of such. It was pretty plain what they said.

larrykn: BGG sorry anything they say is never plain lol

BGG: AML in place, Maliki out, major obstruction removed, Iraq still needs currency / Monetary reform – they can do it as they see fit now, without the constraints of Iran’s henchmen throwing a wrench in the works whenever the issue gets raised.

BGG: are you gonna’ make me go look it up for you – chapter and verse
BGG: OK – last article… 

BGG: Jaafari: Restore the money looted by the parties provide a two-year budget ..!

BGG: Deputy Chairman of the Parliamentary Integrity student Jaafari, on Thursday, that all the heads of political blocs in the previous session and stood against legislation Integrity Commission Act and the disclosure of financial receivables, among that the Commission is determined to recover funds Real Estate “looted parties” illegally being equivalent to two-year budget….

BGG: so they are saying the looted money is equal to 2 YEARS BUDGETS?? Now that is a move towards honesty…

BGG: the last time that fatso Zebari was jabbering about this – he said it was “at least 25 billion” – I almost snorted some Mt Dew when I read that…

BGG: I can only presume he’s either woefully uninformed or in on it…

BGG: 2 years budgets would be in the 200 billion USD range – still a “light estimate” but headed the right direction… stunning they are willing to admit the scope of their corruption…

BGG: you know what they say. Admitting it is half the battle – “Admit it – then quit it”…

BGG: Jaafari said that “there are people who came out of nowhere in 2003 and between overnight become competing traders and contractors,” explaining that “in the previous session to stop the heads of all the blocks, without exception, any one against legislation Integrity Commission Act and the disclosure of financial receivables strict controls that we have set.”

BGG: They are questioning “these competing contractors” and “heads of blocs” (no one is exempt) along the lines of Abadi’s “where did you get this” commentary. The pursuit of all things corrupt.

BGG: It’s about time..

jd: Do you think that Iran was holding up the RV all along

BGG: I think they had some hand in it for sure… and very likely yes…

BGG: Thanks for tuning in – we’ll continue bringing Dinar News, Dinar commentary and Dinar Info as we are able. Don’t miss Millionday during News Time this evening!!

http://www.dinarupdates.com/observer/

http://www.dinarupdates.com/blog/

Wealthwatch Afternoon Chat  8-28-15 Part 2 of 2

Post From Wealthwatch.world Chat Room 8-28-15
Wealthwatch Afternoon Chat  8-28-15 Part 2 of 2

Tootsie: protesters demanding Abadi submit his resignation from the “call” and the achievement of social justice 08/28/2015 17:48 : Long-Presse / Wasit Thousands of Wasit province, on Friday, in front of the governorate building, demanding to fight corruption and redress social groups, as called for Prime Minister Haider al-Abadi to resign from the Dawa Party, confirmed that they continue their demonstration that there were not reforms fact “concrete”To be continued … / / 

THE REST OF THE STORY Thousands of Wasit province, on Friday, in front of the governorate building, demanding to fight corruption and redress social groups, as called for Prime Minister Haider al-Abadi to resign from the Dawa Party, confirmed that they continue their demonstration that there were not real reforms “concrete”. 
~~~

A correspondent (range Press), that thousands of demonstrators Wasit province, come out, this evening, in front of the governorate building to demand the fight against corruption and the corrupt, raising slogans calling for the achievement of social justice and the achievement of job o

For his part, said civil rights activist, Khaled Mahot, one of the participants in the demonstration, in an interview with the (long-Presse),

“The demonstrations continuing to raise its demands, which called forth across the subsequent combination,” noting that “the demonstrators will not step back from their right to demonstrate and distracting squares unless we see a serious and realistic reforms to the reforms launched by Prime Minister Haider al-Abadi, especially including means to fight corruption and prosecute those responsible wanted to eliminate the issues of corruption package “.

He said Mahot, that “one of the important demands brought by today’s protesters, demanding Prime Minister Haider al-Abadi submit his resignation from the Islamic Dawa Party and the disposal of the partisan pressures that may contribute to the confusion and the implementation of reforms that the paper had been launched a few days ago   Tootsie: CONT wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1906&pid=4129#pid4129

Tootsie: they desire him to leave the DAWA party, as Nuri Al-Maliki’s influence

lonegunman: ‹@Tootsie› sure am glad i invested in the dinar !! how exciting !!!!!!

Tootsie: ‹@lonegunman› me also! – lastest predictions, drop of 20% eeekkkkk
Tootsie: hang in there!
Tootsie: but oil went up today ~

lonegunman: ‹@Tootsie› well good for the oil companies !! my bank account has’nt gone up

Tootsie: Provincial Reconstruction Fund: World Bank loan was allocated to emergency operations, and we need to trillion dinars 08/27/2015 18:17 Baghdad Announced the reconstruction of the affected provinces Fund, on Thursday, for the allocation of the World Bank loan for operations reconstruction of emergency included four areas in Salah al-Din and three in Diyala,

he confirmed his need for more than a trillion dinars for the reconstruction of all the liberated areas, and as pointed out that it will begin building a shelter camps in the liberated areas ,

revealed the formation of a committee for the selection of personalities and organizations that will participate in the conference to support the fund.

This came during a press conference after the enlarged meeting of the Board of Trustees of the Fund for the reconstruction of the affected provinces of terrorism which was held building the Baghdad Provincial Council in the presence of a number of Governors and the heads of provincial councils and representatives from the provinces (Anbar, Salahuddin, Diyala and Nineveh),

as well as the presence of agents and representatives of ministries service as well as a representative of the Kurdistan region, and attended (range Press). CONT wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1907

Tootsie: snip from ^^ Dentex, that “the Fund has formed a committee to choose the figures and international organizations that will participate in the International Conference which will be held in the month of December next in the Kurdistan region to support the Fund.”

whitelions: Hot Hot Hot National Guard Law Could Be Passed August 29 2015 ………Through Debbie’s constant work in finding the up to date news she found that National Guard Law has already been read two times in parliament

And if they read it tomorrow it will be the 3rd time and done Thank You Debbie for all your hard work !!!!! www.theiqdteam.com/blog/h…

http://www.theiqdteam.com/blog/hot-hot-hot-national-guard-law-could-be-passed-august-29-2015

disciple7: ‹@whitelions› wow great news thanks

whitelions: I have everything crossed thay will cross and I’m looking for more lol

 disciple7: agreed me also.. maybe national guard law then the parties law?? maybe just maybe?

whitelions: yes yes yes

Donnie: ‹@disciple7› parties law is passed already
Donnie: please try to keep up – Abadi is in fast mode now :)

Tootsie: ‹@Donnie›  :ninja:

disciple7: ‹@Donnie› got a link?

Donnie: of course
Donnie: www.parliament.iq/Laws.as…

http://www.parliament.iq/#

Donnie: voted on yesterday!!!

disciple7: I only see chicken scratch…

Donnie: i posted a bunch of articles and images of the Parties Law being passed yesterday
Donnie: turn on auto translate

Tootsie: ‹@Donnie› yes, you did ~ thank you!

disciple7: ‹@Donnie› ok ok I trust you.. kinda..  :laughing: good hopefully M will finally be outta the picture.

Donnie: ‹@disciple7› do i have to draw you a picture ?
Donnie:

http://wealthwatch.world/blab/attachments/67e6e092349ea021b3f6c078d7adb497.jpg

disciple7: ‹@Donnie› I mean sure if u have the time..

Donnie: there’s ur picture lol

 disciple7: :laughing:  :laughing:  :laughing: ok I believe u
disciple7: moving right along then..

Donnie: did u click on the image to expand it?

disciple7: yes
disciple7: date of vote 8/27/15

Donnie: not everyone knows about clicking the images

disciple7: I didn’t think it was passed yet…
disciple7: guess I was wrong
disciple7: which is fine with me  :smile:
disciple7: ‹@Donnie› thanks for letting me know by the way

Donnie: National Guard Law was supposed to be passed yesterday but those slacks didn’t do it.

Donnie: Hopefully tomorrow
Donnie: Third: The vote on the draft law of the National Guard. (Security and Defense Committee, the Legal Committee), (Article 22).

Donnie: The meeting’s agenda number (17) Saturday 29 August 2015
Donnie: complete agenda for tomorrow: www.parliament.iq/details…

disciple7: ‹@Donnie› how bout the RVVVVV law?
disciple7: no sale eh? well I tried..
disciple7: ‹@Donnie› where do I find “auto translate”?
disciple7: prolly in the setting somewhere.. ehh ill do later..

Tootsie: ‹@disciple7› go to the top l/hand side, click english

disciple7: ‹@Tootsie› thanks toots  :smile:

Tootsie: then click on sessions
Tootsie: you will see a calendar on r/h side lower , click on the blue item and it will pull up the agenda for you.

lonegunman: youtu.be/1T5NuI6Ai-o

disciple7: ‹@Tootsie› thank you

Tootsie: Basic Parliament website ~ translate.google.com/tran… mine comes in in english

http://translate.google.com/translate?hl=en&sl=ar&u=http://www.parliament.iq/&prev=/search%3Fq%3Diraqi%2Bparliament%26biw%3D994%26bih%3D474

Tootsie: Gotta run,. see ya all later ~ poof!

BOBBY: Baghdad (AFP) – Iraqi Prime Minister Haider al-Abadi has ordered security forces to prepare to open Baghdad’s heavily fortified Green Zone government and embassy area to the public, his office said Friday. The order comes in the third week of a reform drive by Abadi aimed at combatting rampant corruption and streamlining the bloated government,

 in response to weeks of protests and calls from top Shiite cleric Grand Ayatollah Ali al-Sistani. Abadi directed security forces to make “the necessary arrangements to open the Green Zone to the citizens,” a statement from his office said. If the move actually goes ahead,

it is likely to face significant opposition from embassies in the Green Zone — including those of the United States and Britain — due to security concerns.

While attacks have dropped in Baghdad compared with the first half of last year, bombings that are sometimes claimed by the Islamic State jihadist group are still a frequent occurrence in the capital.

The Green Zone is surrounded by high concrete walls, guarded by labyrinths of successive checkpoints and protected by Abrams tanks, armoured personnel carriers and elite members of the security forces.

It held lavish palaces occupied by former president Saddam Hussein and other senior figures and supporters of his regime before his overthrow in 2003, but was much more accessible then than it is now.

After his fall, those same palaces served as the headquarters for the US-led occupation, and later for Iraq’s new political elite, whose corruption has aroused widespread popular ire.

Easy entry requires going through a byzantine process to obtain necessary badges that has itself been said to be a source of graft, with large payments reportedly expediting the procedures.

Abadi also ordered that streets shut by political parties and influential figures be opened in Baghdad and other provinces. Top politicians have closed off roads leading to their homes and even those of their relatives in Baghdad, while pro-government militiamen have also shut stre

TxBrand: ‹@Doug_W› I get motion sick… so I would have to look outside all the time….

Doug_W: that is different then

TxBrand: Texas Supreme Court Smacks Houston Mayor Annise Parker; Repeal Bathroom Ordinance! Read more at joeforamerica.com/2015/08…

http://joeforamerica.com/2015/08/texas-supreme-court-smacks-houston-mayor-annise-parker-repeal-bathroom-ordinance/#

MichelleL: more of the same :(
 MichelleL: ‹@TxBrand› lol how’s the house hunting going?

TxBrand: not good..  stopping for a while

MichelleL: :( i think it will loosen up in another month or so  —  market that tight?
TxBrand: actually houses are not appraising for what people are wanting…. they are going to have to come to the realization that Exon people are done buying… I huge amounts anyway

MichelleL: the exxon people will be selling out themselves soon

TxBrand: you think ?
TxBrand: that bad ?

MichelleL: so all their homes should go on the market at reasonable rates
MichelleL: exxon isn’t doing that well – but i’m not sure if there have been any layoffs, will ask my husband

TxBrand: is it that bad ? is Exon laying off ?
TxBrand: ok
TxBrand: I know our son-in-law is having to lay off and cut hours… big time

MichelleL: he says some, but not many, not that he knows of – says the refinery and chemical plants are doing well and buying cheap now, so no layoffs that he knows of

MichelleL: where does he work?

TxBrand: its an oil piping company
TxBrand: I think he is afraid for his job

MichelleL: where is he working out of?
MichelleL: not surprising

TxBrand: its in Tomball I think..or close to it

MichelleL: gotcha – how far north are you looking?

TxBrand: i wouldn’t think exon is hiring…. but who knows

MichelleL: i know of one kid who went to work for exxon recently, and as far as my husband knows, that plant is still hiring

MichelleL: in baytown

TxBrand: all the way to willis and the lake
TxBrand: hummm
TxBrand: Lake Conroe

MichelleL: I hope you find what you need soon :( so sorry the other one fell through

TxBrand: im going to cool it for now

MichelleL: gotcha – where do you and your husband work? lake conroe isn’t a hop skip and jump from houston either

MichelleL: ok

chattels: Reidar Visser ‏@reidarvisser 3h3 hours ago #Iraq parliament sets an ambitious agenda for Sat: Questioning of electricity minister, vote on national guard bill parliament.iq/details.asp… … http://parliament.iq/details.aspx?EvID=19261

 Wocardtexas: Will we see RV next week

Wealthwatch Afternoon Chat  8-28-15 Part 1 of 2

Post From Wealthwatch.world Chat Room 8-28-15
Wealthwatch Afternoon Chat  8-28-15 Part 1 of 2

Donnie: so this vote didn’t happen yesterday….

Donnie: Third: The vote on the draft law of the National Guard. (Security and Defense Committee, the Legal Committee), (Article 22).

Donnie: why am I not surprised :(

Donnie: at least they voted on the “political parties law”
~~~

Donnie: www.parliament.iq/Laws.as…    http://www.parliament.iq/#

Donnie: There are the good Sheites (Abadi patriots) and the other side is the Maliki Sheites (Iranian backed). Yes –Maliki still holds much power and this is why he is still around.

There are also the Kurds and the Sunnis who seem to be joining Abadi by the thousands more and more each and every day as these reforms take shape. Everything is changing and the speed is now on warp drive. But kindly read what I have included below since it explains it all in more detail. Thanks. Piece of Article below:

Donnie: Al-Abadi was almost certainly Al-Maliki’s choice it the 2014 elections. Both belong to the pro-Iran Al-Dawa party, which is headed by Al-Maliki. The latter had hoped to continue to run things after he was appointed vice president. Even after his ouster he still controls 93 seats in the parliament.

 But Al-Abadi soon realized that Iraq was on the brink of collapse as a result of sectarian divisions, rampant corruption, failing public services, poor relations between Irbil and Baghdad, ill-trained army and the looming threat by Daesh.

For him to rally the Iraqi people behind him he had to demolish Al-Maliki’s legacy of corruption and sectarianism. The public protests provided him with an opportunity.

But Al-Abadi must brace himself for a backlash, especially from influential behind-the-scene players. The question is can he carry out his reforms agenda to the end?

The fact that religious Shiite parties are divided may help him in the short run. He has the backing of Al Sistani and the charismatic cleric, Muqtada Al Sadr, among others.

But the biggest challenge will be to restructure the judiciary if his pledge to hunt down and prosecute corrupt officials is to be taken seriously. Al-Maliki is already fighting back.

He has important influence over the Shiite militias, the Popular Mobilization, who are supporting the army’s campaign to liberate Al-Ramadi and Fallujah in Al-Anbar province from Daesh militants.

The militias have been accused of committing atrocities against the Sunnis and are being led by Iranian advisers.

 For Al-Abadi to succeed he must first win the confrontation between pro-Iran factions, under Al-Maliki, and the nationalist flank that is supported by the Supreme Iraqi Islamic Council and the Sadri movement and backed by Shiite clerical authorities in Najaf.

The outcome of this showdown could determine the future and integrity of Iraq. Article Ends

Donnie: from MNT_GOAT www.dinarrecaps.com/our-b…

http://www.dinarrecaps.com/our-blog/mnt-goat-friday-morning-update-corruption-reforms-vs-currency-reform-part-1-of-2

Donnie: That clears up some questions for me regarding the different sects in Iraq and how Abadi & Maliki can be from the same Shiites sect and be so different.

 Donnie: in case you missed this connection:

Donnie: We know by passing the Parties law anyone alleged of criminal activity (or under investigation) can no longer hold office or receive immunity. This is HUGE for insuring the downturn of Maliki.

Donnie: READ EVERY WO….. no i’m not going to say that :)

Donnie: “This week the CBI is also telling us there is plans for a near future bond drive, that will be issued to raise capital for the economic crisis and try to balance the budget. Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency.

 These are NOT international bonds but are to be sold within country only meaning “nationally” sold bonds. So don’t get carried away and put on your RV glasses as of yet.”

Donnie: guess what XXX  posted: ” THEY ARE MOVING FORWARD WITH THE DINAR BACKED BONDS — HUGE HUGE NEWS – OBVIOUSLY RELIANT ON AN INTERNATIONAL RECOGNIZED CURRENCY “

Donnie: it’s in the observer!
Donnie: So who’s correct? International rate needed to sell these bonds or not because they will be sold in-country only????

Dianne777: i wouldnt call that totally international then

Donnie: Stay tuned! Time will tell…..

sczin11: ‹@Donnie› NOT

Donnie: I say NOT!!!!

sczin11: THE REPORT IN THE FORUM, NICE THREAD FROM YESTERDAY I BELIEVE,

CLEARLY POINTS OUT THE NEED FOR DINARS IN COUNTRY..

THEY ARE USING THE BONDS NOT ONLY TO PROVIDE LIQUIDITY, MORE IMPORTANT TO BUILD THEIR ON HAND, DINAR NOTES… THEY NEED DINAR, AS THAT IS HOW THEY WILL TRADE IN FUTURE

Donnie: when i read zeroday post in recaps it seemed so wrong to me but i just let it go like i do most guru posts. then today mnt goat says what I believed that i posted above.

sczin11: THEY DONT WANT TO PRINT MORE IN IRDER TO AVOID INFLATIONARY POSSIBILITIES..IT IS A GOOD THING

Donnie: hmmm…. if they changed the exchange rate they will get flooded with Dinar – IMO – lol

Doug_W: mine will go there Donnie

sczin11: REMEMBER, EXCHANGE RATE ONLY AFFECT OUT OF COUNTRY TRANSACTIONS..BESIDES DINARLAND, ARE THERE MAJOR COUNTRIES SPECULATING ON DINAR AS A MEANS OF MAKING PROFITS?

Doug_W: GM 11

sczin11: DOUGGIE GM

Doug_W: Speculate ..ya that’s a good word
Doug_W: ♥♥♥ Stupid SPECULATIONS Anyhow ♥♥♥© ™® Pat pend.

Donnie: my out of country Dinar would fly real fast to Iraq at say 1 Dinar = $1…  :)

Doug_W: amen dONNIE
Doug_W: POOF EVEN

Donnie: scheduled for tomorrow – Saturday:

Donnie: Third: The vote on the draft law of the National Guard. (Security and Defense Committee, the Legal Committee), (Article 22).

Donnie: www.parliament.iq/detailshttp://www.parliament.iq/details.aspx?EvID=19261

Donnie: Let’s pray they get this voted through on Saturday.
Donnie: Father in Heaven, If you feel it’s time to pass this law please put a “smack down” on parliament tomorrow so they know you mean business. Amen
Donnie: :)

Doug_W: ‹@Donnie› waht s a “Smack down” ?

Donnie: ‹@Doug_W› smack them in the head – wake them up to reality – anything like that – God can choose to execute it as He see’s fit. :)

MzDiva: Good Morning did I miss all the fun  :silly:  :silly:  :silly:

dose: Lol yes God please do. This law will do away with maliki’s private army

dose: ?

Doug_W: ?><

 lonegunman: Haider Al-Abadi ‏@HaiderAlAbadi 1m1 minute ago PM Al-Abadi issues a series of new measures to enhance social justice bit.ly/1KSjE5s bit.ly/1VilRyp bit.ly/1Ipt9ao

http://pmo.iq/pme/press2015en/28-8-20152en.htm

disciple7: c’mon Abadi just get it done..

disciple7: Abadi’s been on a “justice” and “end corruption” kick for awhile now.. hopefully the parties law is in the very very near future..                                                        

lonegunman: ‹@disciple7› really !! c’mon

disciple7: ‹@lonegunman› hopefully.. imo I’d say its about due.. but this is Iraq we’re talking about.

lonegunman: ‹@disciple7› your telling me !! they sure do like to talk themselves up ! thats for sure

disciple7: agreed

MichelleL: we rich yet?

MichelleL: i’m not “feeling it” guys…….

lonegunman: ‹@MichelleL› me either

 MichelleL: ‹@lonegunman› another wet blanket 😉

lonegunman: ‹@MichelleL› so what of it ??  lol

Tootsie: Poppin in for a bit =- Good Day All

MichelleL: ‹@Tootsie› hello there young lady! wassup with you?

MichelleL: Tootsie, should we be trying to gather cash for a possible evacuation this year? Its been the furthest thing from my mind

Doug_W: where are U M ?

Doug_W: Texas coast as I recall

(For Entertainment):

Tootsie: in subdivision, not supposed to have farm animals. OK, on cul-de-sac, quiet ~ so bought 13 chicks from farm place in tomball, one I kept sayin that is rooster, Hub said no ~ – well incubated them, fenced off side yard, build a hutch and , yes, twas a rooster, so took him to the pig famer down the road. Present.

MichelleL: ‹@Doug_W› yup, galveston

MichelleL: ROFL Tootsie

Doug_W: what NO early AM Crowing?

Doug_W: if they didn’t crow here Id wake up thinking the world had ended  lol

Tootsie: raised them, fresh eggs daily~ – this is funny ~ garage sale goin on, man at end of block, new boat in garage, came rang door bell, said some of your chickens are in my garage.

MichelleL: Doug, some of us wake before the roosters 😉

Tootsie: no hens don’t crow

MichelleL: lol

Doug_W: I know toots >>>Farm boy

Tootsie: anyway, he had tried to chase them out and , of course, they flew up to the top of boat, and pooped on it – that is when he came down. I had to laugh, they sauntered all the way down the block and not a soul noticed. Anyway, Daughter & I went down and carried them home HAHA, they were pets to us , all had names.

MichelleL: i stayed overnight in a chicken farm when I was a very little girl, probably 50-55 years ago lol and all I remember was the strings on the doorknobs and that it was the smelliest place I had ever been at

Tootsie: I thought soo funny that not one person saw them going

MichelleL: lol Tootsie

Tootsie: ‹@MichelleL› oh man, has to be cleaned regularly – ours just had the run of the yard, then they went to bed in hutch

MichelleL: Tootsie, needless to say, I never voluntarily went back to visit that place lol

Tootsie: ‹@MichelleL› I have been wondering also ~ again, my freezer is full, thnk I may cut back on that, Sept is the worst month, and the waters are sooo warm. Scary   (storm season)

Tootsie: ‹@lonegunman› was wondering if you were around

Tootsie: I should have thought before went out and stocked up on stuff – ahh well

MichelleL: ‹@Tootsie› sort of up against the wall now, but will try and get a few things together – need some good plastic bins for papers too – i’ve waited too long most likely

Tootsie: ‹@MichelleL› me also!

MichelleL: stocking up isn’t bad, provided you’re stuck at home, its the evacuations that kill me

MichelleL: maybe i’ll take a run into office depot tonight, see if there are any back to school sales 😉

Tootsie: well, I don’t want to loose the stuff in freezer, did last time. mucho meat

MichelleL: Tootsie, Ike I lost the brand new fridge/freezer and around 300 bucks worth of omaha steaks – never again needless to say

MichelleL: but the fish in the freezer would stink pretty badly if the electric is off for 8 hours

Tootsie: ‹@MichelleL› since I am alone, I shop for 1 mo ~ then make up meals as I go, and separate and freeze ~ most things ,y’know. Make up my burger patties, and stuff and freeze so can just pop out

Tootsie: ‹@MichelleL› ohh yes!!!!

Comments may be made at the end of Part 2  Thank You