News With Links & Discussion
Wealthwatch Sunday Chat 11-29-15
chattels: arrived head of the defense committee in the US Congress, Senator John McCain and Senator Lindsey Graham to the capital Baghdad.
The two officials met with the Americans with Prime Minister Haider al-Abadi. A statement by the Prime Minister’s office received by all of Iraq [where] a copy of it, that the two sides “discussed strengthening bilateral relations between the two countries in various fields and the war on Daash terrorist and victories achieved in the various pieces of gangs in addition to the training, arming and increase the combat capability of the Iraqi armed forces.”
chattels: A lawsuit against the prime minister, “Haider al-Abadi,” and the reason! wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=3093
chattels: Demanded the Parliamentary Integrity Committee, on Saturday, the Vice-President of the Republic filed a lawsuit at the administrative court against the prime minister Haider al-Abadi because of the decision to cancel their posts, saying he is not for the Presidency of the Federal Court to decide the constitutionality of the decision or not.
chattels: Said committee member high Nassif placeholders in a press statement, said that ‘the Federal Court does not have the powers to decide the constitutionality of the decision to cancel the posts of Vice President of the Republic of whether or not’, noting that ‘the Constitution provides that the President of the Republic deputies and at least one’.
chattels: ‘the Constitution provides that the President of the Republic deputies and at least one’.
chattels: Remember :” Iraq’s supreme court throws out the appeal of ex VP Nujayfi who was sacked, though apparently on a technicality only ” + ” Maliki’s ex lawyer claims court ruling means sacking of Iraq VPs was constitutional – Disagree: Formality not substance ” – Reidar Visser
BOBBY: IMF voting on the Chinese Yuan status ……. news.yahoo.com/imf-poised…
*SCZIN11: Allawi denies submitted an appeal on the decision to cancel the posts of Vice President of the Republic *SCZIN11: wealthwatch.world/showthr…
chattels: A member of the parliamentary legal: The government amendments to the budget did not reach the Parliament
chattels: Hassan Turan told all of Iraq [where], “The government amendments to the budget did not reach, but hopefully in the coming days the arrival of the amended version on the budget to the parliament, until the preparation of the drawer of the proposed amendment of the government in the work of its agenda.”
chattels: ” ………. hopefully in the coming days the arrival of the amended version on the budget to the parliament, ………. ” chattels: wealthwatch.world/showthr…
chattels: Currency Auctions Announcement No. (3083) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 29/11/2015 and the results were as follows: DETAILS NOTES Number of banks 23 Number of remittance companies 16 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ —– Amount sold at auction price (US$) 182,666,406 Amount purchased at Auction price (US$) —– Total offers for buying (US$) 182,666,406 Total offers for selling (US$) —–
chattels: 3083 ………. 29-Nov 1,213 ……………1,166
chattels: www.cbi.iq/documents/C.B…. http://www.cbi.iq/documents/C.B.I.%20FOREIGN%20EXCHANGE.pdf
chattels: 1,210 ^^^^
chattels: Dana Gas announced, Sunday, that the judgment of the London Court of International Arbitration in connection with a long-term contract with the Kurdistan Regional Government, is final and binding and enforceable judgment internationally to pay more than a billion dollars.
Doug_W: so the Kurds need to pay or be paid
chattels: ‹@Doug_W› They owe it
Doug_W: ty “C”
chattels: Hamzeh Hadad @HamzehKarkhi 8h8 hours ago PM Abadi has told Abu Mehdi al-Muhandis to halt waste of cash for Hashd to increase spending. Hashd have a huge problem with ghost soldiers.
chattels: Hamzeh Hadad @HamzehKarkhi 8h8 hours ago Many groups within Hashd exaggerate number of soldiers for more funding. A wise issue to tackle by Abadi to create more funding for Hashd.
chattels: Commentary : LESSONS FROM THE LIBERATION OF SINJAR – DENISE NATALI / NOVEMBER 25, 2015
chattels: wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=3101
chattels: The U.S.-led coalition’s recent offensive in Iraq’s Sinjar Mountain, supported by Kurdish Peshmerga forces, represents a much-needed tactical victory against the Islamic State of Iraq and the Levant (ISIL).
chattels: Still, tactical gains in Sinjar do not translate into a strategic victory over ISIL. While reinforcing the coalition–Kurdish alliance, the Sinjar offensive has exposed the deep divisions within the Kurdish camp, and the limitations of future Peshmerga engagements outside their claimed territories.
Nor has reclaiming Sinjar enhanced Sunni Arab support for this war — requisite for effectively countering ISIL in Iraq and Syria. In some ways, the Sinjar aftermath has done just the opposite by reinforcing the ethno-sectarian conflicts into which ISIL has been superimposed.
chattels: A deeper look into the Sinjar offensive challenges assumptions about Kurdish capabilities and momentum toward Mosul.
chattels: Sinjar highlights another key problem: The Kurds remain deeply divided. Kurdish divisions have prevented the creation of a unified command structure, the even distribution of weapons among rival Peshmerga forces, and more timely operations to push back ISIL.
chattels: Ongoing power struggles in Sinjar also reveal the fundamental ethno-sectarian and territorial tensions at the heart of this complex civil war. Over the past year, coalition operations have unintentionally deepened this conflict and alienated Sunni Arabs by shifting the balance of power in the disputed regions of northern Iraq in the Kurds’ favor.
In the absence of local power-sharing arrangements, ISIL territorial losses have essentially become de facto Kurdish gains, at least for now, and have translated into Sunni Arab losses in the disputed regions.
These power shifts reinforce the general sentiment among many Iraqi Sunni and Shia Arabs that the Kurds are using the U.S. Air Force to redraw borders under the guise of fighting ISIL.
chattels: ” ISIL territorial losses have essentially become de facto Kurdish gains, at least for now,……..”
ISIL also still controls outlying Sunni Arab villages about 15 to 20 kilometers from Sinjar, and more importantly, the town of Ba’aj and Mosul city, where attacks against Peshmerga have continued since the Sinjar offensive.
chattels: ” These power shifts reinforce the general sentiment among many Iraqi Sunni and Shia Arabs that the Kurds are using the U.S. Air Force to redraw borders under the guise of fighting ISIL.”
chattels: MY BELIEF IS THAT BARZANI IS EFFECTIVELY IMPLEMENTING ARTICLE 140 UNILATERALLY AS THE PESHMARGA OCCUPY TERRITORIES LIBERATED FROM DAESH WHICH IS WHY BARZANI SAYS THAT SHIA MILITIAS ARE UNWELCOME IN KIRKUK AND OTHER DISPUTED AREAS NOW CONTROLLED BY THE KRG.
NORMALIZATION IS / WILL BE ACCOMPLISHED THROUGH RESETTLEMENT OF THE LIBERATED AREAS WHICH WILL BE FOLLOWED BY A CENSUS AND REFERENDUM. BARZANI FREQUENTLY TALKS ABOUT THE REFERENDUM TO COME IN THE CONTEXT OF KURDISH INDEPENDENCE.
chattels: see ” Article 140 / The Elephant At The Negotiating Table As Kurds and Iraqis Reach Oil Deal ” www.niqash.org/en/article… http://www.niqash.org/en/articles/politics/3593/
chattels: See ” Barzani announces implementing Article 140 of Constitution ” www.iraqinews.com/baghdad… http://www.iraqinews.com/baghdad-politic…stitution/
Throughout time, hope of a better life has been a lure causing people to leave behind everything they knew and had to pursue a new and improved existence.
In 2011 my good friend and mentor Sam, asked, “You are part of the RV, aren’t you”? “The what? RV? What’s that?” I asked…
After a brief explanation and a behest that I do some study, he said I should get involved immediately as it was going to be all over in a few days or a week at the most.
As I said Sam was my mentor, in whom I have explicit and full trust, I immediately bought my first Dinar, then studied. And studied some more.
“If it sounds to good to be true, it probably is”, is a life’s-philosophy that is prevalent in society and one that has made me consider much. Others who have “stepped out on faith” in this RV venture say they have been subject to deep ridicule as well.
There is fair number of Dinarians who report having been threatened with divorce or other domestic chastisement. I have even heard of some who have been subject to intervention! Many seem to believe that Dinarians have been misled or are merely fools.
Over this Thanksgiving holiday I have given time to considering the RV/GCR opportunity in the light of other life changing opportunities people have sought throughout history.
Europeans came to the new world wanting something better. Early American colonists, then frontier settlers and the pioneer settlers who crossed the plains, all wanted to own their own bit of the world.
In history, most people making life-changing moves (sacrifices) have sought to simply improve their ability to better assure they could provide for their needs to survive. However, during each period that has seen folks migrating across oceans and continents, there have been another breed who wanted more than to improve their chance to just survive. There were those seeking wealth.
All these various folks seeking a better life had a spirit that gave them courage and strength to leave all they knew. The left behind homes, friends and family, everything was left behind for just the chance to improve their lot in this world.
But along with the folks who merely wanted a fresh start or, indeed to have the opportunity to simply have food and shelter, there were those who went looking for the ‘Golden Ring’.
There were many entrepreneurs who saw ground floor opportunity to eventual wealth. Then there were those who sought only to grab the golden ring and run straight into wealth and prosperity.
In 1848 at Sutter’s Mill in California, gold was found. Hundreds of thousands of folks from around the world sacrificed all they had and flocked to the gold fields along with many hundreds of entrepreneurs who came along to pursue wealth from servicing the miners.
Land rushes (Oklahoma), oilfields and so many more life changing opportunities have been pursued by those who were willing to invest the effort and endure the pain and usually the ridicule of those with less vision or inadequate intestinal fortitude to try for the golden ring.
In every case where an adventurous opportunity seeker left home, some stayed behind and mocked with derision.
I salute and congratulate every Dinarian who first had desire, then the vision to see and took the time to do their due diligence and understand that RV of currency is a common-place event in the world and not a scheme like a ponzi or buing swamp land.
I salute and congratulate every Dinarian who has had the tenacity, courage and stamina to hang in as turns, dips, and the blind curves of world events at times made it seem as if our RV train would be derailed.
I salute and congratulate every Dinarian who has stood their ground, holding on to their dream of wealth as the golden ring has been dangled just out of reach while politics of the world, including the USA as well as other countries and the middle east have changed the face of the globe while we have waited for the blessing we have been called to receive.
Somewhat surreptitiously, the RV led us in circles while a power hungry dictator-wannabe delayed our progress by at least 4 years.
Valiant Dinarians have stayed the course as terrorists, natural and geopolitical disasters caused postponements while the world’s financial managers alter and the whole infrastructure of the planned RV to meet the changing needs of the world (and the greedy).
I salute all who have stayed aboard as the short ride we bought tickets to ride has became more wild and taken long, irrational detours on apparent bridges to nowhere.
As time has slid from the expected weeks to RV, to months and years it now appears that the train is going to be allowed to finally pull into the destined station.
After these years of treading water, if it’s necessary to continue for a few more days or even a few more weeks, the Dinarians to whom I have referred in this presentation will be strong and diligent.
We will persevere.
When the moment comes that we walk out the bank door, deposit receipt and account documents safely in the briefcase, beaming a mile-wide smile of ecstatic joy and satisfaction that we have made it to the RV-CE. We hung on and got the prize!
At that point in time we step into the world with cautious and wise vigor to do the work each of us were brought into the RV to accomplish.
The naysayers and mockers? Oh! Make no doubt, they are still there in the same place we left them. Many will be expecting a share of our hard earned wealth.
Be strong and remember what we have sacrificed, the pain and stress we have endured to finally receive the blessing. Follow your heart but use the wisdom we have all learned during the “weeks we have waited”. You will do the right thing…
PS Love to all, and thank you my fellow Dinarville vets for being there and giving encouragement when it felt like I couldn’t hold on for another second.
Thank you for listening and soothing as the emotional pain of disappointment and loss brought thoughts and words of anguish and perceived hopelessness. As in Viet Nam, many have tried to leave no fallen behind.
Thank you for being my friends during this trial of life!
News With Links & Discussion
Wealthwatch Saturday Chat 11-28-15 Part 1 of 2
*SCZIN11: NO NEED FOR HOR VOTE!!! COULD BE A WOW, IF TRUE
*SCZIN11: [dir=ltr]GeneralLegal Committee calls infallible to send a request to parliament to exempt three deputies from office! *SCZIN11: wealthwatch.world/showthr…
Donnie: WOW is right if it turns out to be that simple.
chattels: ” submit a request to the House of Representatives to exempt the Vice President and thus the Parliament to vote on the request,”
chattels: ” ……and thus the Parliament to vote on the request,”
chattels: ” ……. the right of the president nominate one deputy in the future to do its part in the absence of the president.”
chattels: Who will be chosen ?
Donnie: So parliament still has to vote to get rid of the 3 VPs?
chattels: ” ……….. Parliament to vote on the request,”
chattels: What about the other appeals ?
chattels: The Federal Supreme Court recently dismissed the case made by the Vice President of the Republic article Osama Najafi on the abolition of the posts of Vice President. – See more at: translate.googleuserconte…
chattels: ” dismissed ” chattels: ” apparently on a technicality only ” – Reidar Visser
chattels: ” Formality not substance ” – Reidar Visser
chattels: said in the parliamentary legal committee member, said “the mechanism of decision-making hinder the legislation of the Federal Court Act.”
chattels: “regrettably the Federal Court Act within the range important laws are still parked on the shelves of parliament because of political differences, noting that” the Court Act and the laws of other public Kalafo and the Federation Council and the National Guard is still Off and Parliament is busy to other laws do not have prejudice to the lives of citizens.”
chattels: ” ……….the Federal Court Act within the range important laws are still parked on the shelves of parliament because of political differences,……….”
chattels: ” still parked on the shelves of parliament ” chattels: wealthwatch.world/showthr…
chattels: insisted the Kurdish coalition to be a unanimous decision or agreement of the three presidents, while the National Alliance bloc, insisting that the decision by an absolute majority and therefore the law crashes a of important laws and part of the reform of the judiciary, “adding that” who wants to reform of the judiciary has to be careful on the legislation of the Federal Court Act
chattels: “There is one paragraph of the law is still in dispute and discussion relates to the quorum needed to pass decisions on contentious material between the federal government and the Kurdistan region, a need to provide alternative solutions we are able to achieve this through initiatives in this framework it is possible to lead to solutions to help us to go beyond that point to move to vote on the law .
chattels: “The supreme religious authority, stressed in her speech more than the need to reform the judicial system as an essential step to achieve the reforms announced “
chattels: ” ………. the need to reform the judicial system as an essential step to achieve the reforms announced “
chattels: In the fight against the Islamic State, Iraq’s leader begins to look shaky By Loveday Morris November 27 at 12:00 PM
chattels: Sunni politician Osama al-Nujaifi greets visitors in an expansive meeting room. From a chair flanked by the national flag, he insists he is still vice president of Iraq — even though Iraq’s prime minister says he is not.
chattels: Old / stale News ???????????????? chattels: November 27 at 12:00 PM
chattels: wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=3088
chattels: called Moqtada al-Sadr, leader of Prime Minister Haider al-Abadi Baslahath to proceed.
chattels: the appeal by the Federal Court of the decision to cancel the post of vice-president of the republic to “the right decision and supportive of the reforms.”
chattels: Sadr said ……………… ” to the President Minister to move forward to achieve reforms, but to work on the breadth of reform and comprehensiveness of each joints of the government without bias or exception.” chattels: wealthwatch.world/showthr…
chattels: the legal expert Tareq Harb said on Saturday, that the response of the Federal Court of appeal president of a coalition united to cancel the posts of Vice-President of the Republic as an affirmation of the constitutionality of reforms, Prime Minister Haider al-Abadi. “
chattels: ” to cancel the posts of Vice-President “
chattels: ” posts ” – plural !!!!!!!!!!!! chattels: wealthwatch.world/showthr…
Doug_W: all3 I hope
Doug_W: ya well there IS that
Doug_W: I am installing a new 55″ TV 4 Di 4 Christmas wile she is grocery shopping
chattels: ‹@Doug_W› nice
Doug_W: I got it %150.00 off retail
Doug_W: its amazes me what all is in modern Tv’s
chattels: ‹@Doug_W› excellent
Doug_W: internet streaming movies etc
Doug_W: the remote has buttons for netflix and 4 other “streams” of downloads
Doug_W: ok back to it now
MichelleL: you got it less than free Doug? lol
MichelleL: we all have to be careful buying the smart tvs – since they’re watching and listening to us now lol
It’s not just smart TVs. Your home is full of gadgets that spy on you: How internet giants are collecting your personal data through their high-tech devices
Read more: http://www.dailymail.co.uk/sciencetech/article-2950081/It-s-not-just-smart-TVs-home-gadgets-spy-internet-giants-collecting-personal-data-high-tech-devices.html#ixzz3sq0qqFBn
Follow us: @MailOnline on Twitter | DailyMail on Facebook
chattels: interesting to see whether Mr. ” M ” returns from Iran
MichelleL: Did you ever think, when you read 1984 as a child, that you’d actually be living “in it
MichelleL: ‹@chattels› it does appear he’s never really “gone”
rocknrollbus: chattels – that “plurals” was what I was trying to get across to you last night
Doug_W: hopefully its all 3 not just plutal Doug_W: pluRal
Comments may be made at the end of Part 2 Thank You
POPPY3: I FEEL EXACTLY ABOUT THE RV AS I HAVE FOR MONTHS. IT IS A FOREGONE CONCLUSION…
IT IS HAPPENING AS WE SPEAK AND WAS TOLD THE SITUATION ABOUT 4 MONTHS AGO FROM A MAN THAT KNOWS
IN FACT THE DAY BEFORE I WAS PRIVILEGED TO BE ON A CALL WITH HIM HE HAD ADDRESSED CONGRESS.
HE SAID ALL THE LEADERS OF IRAQ HAVE MET IN A PRIVATE MEETING. THE IMF HAD GIVEN THEM THE LIST OF ALL REQUIRED THINGS FOR EACH OF THEM AND WHEN THEY COMPLETE THAT LIST THE RV WILL SHOW AND NOT BEFORE…
THEY ARE MAKING PROGRESS AND WILL COMPLETE THE JOB ASAP FOR THEMSELVES SO THEY ARE WORKING FOR ME AND YOU EVERYDAY.
WE DONT KNOW THE LIST AND CAN’T INFLUENCE IT SO RELAX THEY WILL BRING IT TO YOU SOON.
Frank26: United Nations
Treasury – UN Operational Rates of Exchange
IMO, significant find because just the fact that this is the first time the U.N. has posted and recognized the Iraq Dinar since March 1, 2010 says something-even though the rate is 1170..something is about to change…soooon!!!
Current UN Operational Rates of Exchange
care to comment. Thanks. KTFA Frank
JR1353: WOW .. Very Interesting .. .. Frank, could this mean that IYO, this also means that the U.S. Congress has finally enacted the 2010 Monetary Reform Act, that they’ve been sitting on since 2010?
Thank You & your teams for all of your efforts, and this juicy info ..
CShessman: Interesting indeed Frank, especially that on Dec. 1, 2015 the Exchange Rate is supposed to be 1166. 1170 was back in Feb. 2012 was the last time it was that figure 1166 since…
Seven: Interesting. You can also see with the strength in the USD, other countries currencies are lower as well. It would be nice if the U.N. begins recognizing the IQD internationally (IR) on the first of December 2015 but I can wait until the 15th if I have to.
Bulldawgal: We have such smart people at this site!!! Great Thought!!
Hmmmm……the only thing that is coming to me is that it is OFFICIAL that they are international…..not like, they have “done what they need to do” but they have “received the badge”.
And if that is not the case…….I am at least POSITIVE that this is “one giant step for dinariankind” and am very excited!!
Rlnbwnk: The UN has confirmed what Frank has been telling us. We are now taxing to the runway preparing for take off. Thanks mi amigo
Carolyn: Ok I’ll play …..You have always said they will not broad cast it only the ones in the know will be watching So I think ……UN today. “ON YOUR MARK”
Dec. 8. “GET SET” Dec. 15. “GO”
WOW I like this GAME
Strongcbm: This says to me setting the stage for “International Readiness” “United with the Nations”…..
Kmamgmt: One thing that strikes me is the time frame mentioned, March 2010 being the last time the U.N. has posted and recognized the Iraqi Dinar. If I remember correctly, January 2010, or maybe even 1st quarter of 2010, was a time when Iraq was supposed to / expected to raise the value of the IQD. If the U.N. hasn’t posted it or recognized it since then, but they have now, then it seems this could be yet another indication (this time from the U.N.) that we are in, or approaching, a SERIOUS time frame to raise that rate.
Mountainman: IMO………….11-30-2015 is a “REVIEW” from the IMF regarding China’s INCLUSION into the SDR basket=ASSET Backed COUNTRIES CURRENCY=the WORLD saying to IRAQ,IRAN, via the UN,IMF,USA, and THE COALITION……….Hey IRAQ WE are ready for YOU and YOU are ready for…….US!!!!!!!
Sooooo Zoom,Zoom,Zoom…………to the MOON Alice!!!
Pappa-J: HEHEEEHEEHEEHHEEEE!!!! AS DOC WOULD SAY!!! OZ NO BEEN TELLING TRUTH EVER, IMO!!!!
SEEMS TO ME THAT UN RECOGNIZING THE DINAR AS US BEGINS TO COME OUT OF FOOD COMA SMELLS LIKE THE PIE IS ON THE SHELF WAITING TO BE SERVED ( DRS HAS ALWAYS WANTED A LONG WEEKEND) AS IN 01 DEC SHOW TIME( RI)( MY NOTES SAY 5-10 DAYS, that was the pattern with Kuwait, WITH 08 DEC BEING ( RV ) TIME , THE PATTERN WOULD FIT IRAQ ,THEY HAVE LOVED THE 7TH TO LAUNCH ( RELIGIOUS REASONS) 8TH TO SHOW !!!!
SOOOO THEY MOVED IT UP AINT GONNA BREAK MY HEART ,I’LL JUST BREAK INTO THE SNOOPY DANCE!!!! YEA PROBABLY WRONG BUT IT SOUNDS GOOD!!!! PJ
EITHER WAY A DECEMBER TO REMEMBER!!!!!!!!!!!!!!!!!!!!
Torch123: The UN operational rates would be another piece to the puzzle. Below you will find what I believe is another. (Will the “Fed” just go away???) Things are progressing nicely! Enjoy the weekend!!
sorry, click on the link for pictures…..
Janet Yellen’s astonishing letter to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job the central bank has been doing.
Mrs. Yellen’s letter, sent also to the minority leader, Nancy Pelosi, is a protest against a bill known as the Fed Oversight Reform and Modernization Act, which is nearing a vote in the House and would require the Fed to choose a rules for the formation of monetary policy and let the Congress and the public know what they are.
A SAGE’S WARNING: One of Janet Yellen’s greatest predecessors as chairman of the Federal Reserve, Paul Volcker, has said that the absence of a cooperatively managed, rules-based monetary system has not been a great success. The Congress is set to vote on whether the Fed should set a voluntary rule and disclose it to the public. Why is Mrs. Yellen protesting?
That has got to be one of the most gentle, democratic, transparent reforms in the history of democracy. It doesn’t require the Fed to stick to its monetary rules, just develop a set of guidelines and let the Congress know what they are. Yet Mrs. Yellen suggests that this mild measure would breach the Fed’s independence from the Congress that created it. Her letter is whiny, inaccurate, and threatening all at once, evincing an “it’s my ball and you can’t play with it” attitude.
One would think the FORM Act would be a lead pipe cinch in a democracy. Mrs. Yellen’s letter is particularly shocking given that it is precisely to the Congress that the Constitution grants the monetary powers. These include the power to borrow money on the credit of the United States, to coin money and regulate the value thereof, to provide for punishment of counterfeiting, to regulate commerce, and to fix the standard of weights and measures.
Congress could, if it wanted, dismantle the Federal Reserve entirely. It could refuse to confirm its governors. It could require that dollars be redeemed in gold. If the Fed doesn’t want to establish a voluntary, non-binding monetary guideline, the Congress could turn around and legislate a binding one. The Congress hasn’t — at least not yet — done any of those things. It is merely considering a bill requiring the Fed to establish its own rules and let the rest of us know what it is doing.
This, incidentally, has already passed the House Financial Services Committee, albeit on a party line vote, the way, say, Obamacare passed the Congress. Support for more oversight of the Fed, though, is far more bipartisan than Obamacare and the reforms are relatively mild. Audit the Fed, which would give Congress an on-going look at what the Fed is doing on monetary policy and is now a part of this bill, passed the House in September 2014 by a vote of 333 to 92, with something like 109 Democrats voting for the measure.
Why is Congress itching for more oversight of the Fed? The reason is that the Fed was culpable in the crisis of 2008. And there is a growing sense that errors by the Fed itself — with quantitative easing and zero interest rates — have retarded the recovery, turning the crisis into the Great Recession. The recession became a cruel jobs drought; the unemployment rate is still above the average through the whole generation of Bretton Woods; the employment participation rate is at a decades long low.
Mrs. Yellen’s predecessor, Ben Bernanke, may have written a memoir about his own courage to act, but Congress’s admiration of Mr. Bernanke’s courage isn’t as unalloyed as Mr. Bernanke’s admiration for his own courage (a federal court found he violated the Fifth Amendment in the AIG case). Given all this — and the fact that the Federal Reserve is beginning its second century — it is only natural that Congress start stepping up, a view supported by an array of distinguished figures.
A number of them — including Secretary of State George Shultz and Stanford economist John Taylor — were quoted last week in a press release of the House Financial Services Committee as supporting the measure and denying it would compromise the Fed’s position. But the most newsworthy quote was the one from a former Fed chairman, Paul Volcker, who doesn’t support the bill but nonetheless articulates the logic of it.
“By now I think we can agree that the absence of an official, rules-based cooperatively managed, monetary policy system has not been a great success,” the committee quotes the sage as saying (he made the remark in 2014). If the Fed does not want to reform itself — which is what the Congress is asking it to do — the result will eventually be less voluntary. Or maybe the Congress will start looking at the most logical and radical reform, the gold standard. Mrs. Yellen’s letter on that should be quite something.
Harambe: I thought FOREX closed from Friday Evening (EST) to Sunday afternoon. It changed today (Sat) from 1166 to 1080. http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.html#
PieEyePop: harambe…That is interesting…thank you for catching that it changed at 07:11 am eastern on the 28th
Iko Ward: Don’t worry about your branch level WM at Wells Fargo knowing anything. Wells will be processing us at exchange centers off site. Keep your phone charged and nearby. Keep the volume on high tonight.
Allstar: IKO. It is us Canadians that need confirmation. Lol
Iko Ward: Allstar, I’m sure TD Bank is following protocol. It’s not public yet, but whales are being called in. Dinar still on hold, it seems. US still on hold. They’re going to stretch this out til the very end. That may mean not until tomorrow night. But definitely before 11/30.
Doetracker: No one goes before the Iraqi people that’s want tony has said many times
Iko Ward: Doetracker, true, THE PUBLIC won’t go until Iraq goes.
Lealoha: It will be like BAM BAM – we might be last, but not far behind….and like the Zim, we’ll be the dark horse!
TennWolfMan: the WM called me yesterday and set me up with an appointment for this coming Tuesday
Willoninny: Wolfman, WM mentioned if it were for an exchange??
TennWolfMan: WM did not say –she just said for me to come in…I dont get too excited any more but still one never knows
Sundancer: Does anyone know why UN rate was posted first time in 5 YEARS for iraq but no change at 1170. Does this seem a slap in the face to China, and Russia and Dinarians by the PTB?
OK Rocks: Sundancer that is great news! they are there, and the rates can be updated at any time, to have them listed is awesome!
Sundancer: You mean it says ok Iraq this is the rate you can change it as you will?
luvwulfs : sundancer GM, I don’t think it was even listed before, so for it to be on the board period, is a good thing
OK Rocks: Sundancer it means they have now included Iraq! as they state on UN site these rates can be updated at any time
Sundancer: Then we are finally here Iraq has the permission from UN to change as it wills then!!!! https://treasury.un.org/operationalrates/OperationalRates.php#I
FreedomBoomer: Sundancer hasn’t that been there all along?
OK Rocks: Sundancer I said the rates can change… but of course Iraq can change their rates at anytime… wow to see them listed again is HUGE!
Luvwolfs: The fact that is on the UN board says it is recognized as an international currency. They will not put the rates we are looking for on the board until it is time.
Briona: I do like the new date of December 1 for the operational rates for all the currencies
GMA: IKO, Art, and Elmer from OM all feel quite good about Monday… Hearing IQD (hearing) upper 4s. Dong 1.22. Zim 23cents
DAZ: LOOKS INTERESTING. UN RATE CHANGE FOR IRAQ..FIRST TIME SINCE 2010.
PRIOR CHANGES WERE ANNUALLY
[xyz] Criminal Court issued in Karbala on Saturday, a judgment in absentia was sentenced to seven years in prison and former Commerce Minister Abdul Falah al-Sudani convicted of tea corrupt file, while expressing support for the decision to confiscate movable and immovable property. LINK
[xyz] President Fuad Masum, to submit a request to the House of Representatives to exempt three deputies from office after the recent Federal Court decision which eliminated health pink slip LINK
[xyz] Obeidi announced the start of “zero hour” to enter Mosul sites LINK
xyz] Central announce the imposition of fines for violation banks LINK
[xyz] The central bank announced the imposition of fines for violation banks worth 400 billion dinars LINK
[xyz] Vice reveals the existence of three cabinet ministers Abadi is hold a middle school diploma (details) the presence of three ministers in the government Abadi is hold a middle school diploma, while pointing out that political parties have brought people incompetent to senior positions. LINK
[xyz] Oil Majors Queue in Iran as $30 Billion of Projects in Play LINK
[xyz] DEEPEST SOURCE: sources reveal the “secret” visit to Iran, al-Maliki repeated Maliki visited Wednesday, Iran for the fourth time since the beginning of this month, in efforts observers considered that it aimed to get the Iranian support to return to power. LINK
[xyz] House bill does not allow the return of the vice president to the parliament after the Federal Court decision to cancel their posts. LINK
Suzan:I hope recaps posts this as other posts been ignored. I can guarantee there will be no change on monday or for that matter by end of year. Lets see who is right, i have lets say family who are involved in this process and they have said until the yuan is settled in the middle of next year they will not release this. So i dont know where martha is getting her intel, the humanitarian funds will be released along with the ppackages , the currencies will not be released the way some are hoping for.
Robert: Suzan- I too have an association with people pretty close to the top of the process as well, and the have informed me that this should have already transpired long before the inclusion of the Yuan in the SDR basket. The delays are related to the war being waged between the Fed, bankers and US and GB politicians (all in bed together) and the rest of the world. They are conveniently using terrorism and money laundering as an excuse for the delays. If you or your “family” are privy to the money abroad, you will know that there has been tremendous progress toward the culmination of the ENTIRE process (PP, Humanitarian Projects and Currency). This information is also consistent with the Landa China Global intel and I believe there is no entity closer to the humanitarian projects than that organization.
Q: [do we need to exchange our 25,000 we have not for the 50,000 or just in country?]
SteveI : Absolutely NOT! This is an in country only.
I talked to many sources and I want to put this to rest now. The 50K has been in the works for awhile and was to draw the lower three zeros in due to the counterfeiting.
This was forces by the CBI and all of the citizens have been aware of this process. This was a plan not just a matter of fact. All is good.
7-FA : A DECEMBER TO REMEMBER
Amy Grant: A Christmas to Remember