Monthly Archives: January 2014


News, Rumors, and Opinions Friday Night

I4U:

[Peavey] clap Bernanke Leaves Fed with Record Balance Sheet of $4,102,138,000,000 – See more at:
http://www.cnsnews.com/news/article/ali-meyer/bernanke-leaves-fed-record-balance-sheet-4102138000000

[Robertprofessor] I’m not sure if this Youtube video has been shared in here yet, but a dinar buddy and Castle critter emailed this to me about an hour ago. My excitometer is pegged:   http://www.youtube.com/watch?v=x7VpHEuJ7r4&feature=player_detailpage

[Peavey]  Robertprofessor “low hanging fruit” :cheers:

[OKCRN] Robertprofessor Great video! Start listening about marker 7:30….

Highhopes:  Quote from Bluwolfs post  this morning:    http://www.dinarrecaps.com/1/post/2014/01/bluwolf-update-friday-1-31-14.html  Bluwolf:    “One thought for you… the reset already happened and the media is leaking it slowly.”
….
Read More Link on Right

MIG:

[xyz] 7:30 Mark … around 4pm est today on Bloomberg    http://www.bloomberg.com/video/why-are-u-s-stocks-influenced-by-anxiety-abroad-GX~_cHe4TxmQ9lrwEG43Eg.html

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TNT:

Lonellc :The people are tired of being debt slaves this is exactly what Tony sa​id the banks and politicians are in colusion    http://www.occupy.com/article/abandoning-wall-street-and-creating-publ​ic-bank-city-los-angeles

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KTFA:


islandg1211 » January 31st, 2014,

Family, do you recall Frank saying that by the time investments are talked about and recommended to the general public, the “Big Boys” have already made their money? I think these recents public comments from the CEO of Amerigold and UBS could mean the RV is ….soooooon!! Praise The Lord!!

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aggiedad77 » January 31st, 2014,

It is time for the Friday afternoon news summaries….are you ready:

Oil: Iraq will become the most important sources of global energy and issued nine million barrels by 2020

This really isn’t a new article…it’s been seen before, so the Iraqi’s plan on 9 billion barrels of oil a day by 2020, you know that doesn’t sound too far off any more. What will happen to the world glut for oil by 2020….the US is finding enormous pools of oil in shale formations in several areas of the US…..so our demand may actually decline some for foreign oil….but what about others, China is the biggest example that I can think of….their needs will probably increase….so will the price of oil stay high as it is now…price is king for the Iraqi’s at the moment…after all they lean on oil revenues to the tune of 93-96% for all they take in. They are now claiming 143 billion barrels of reserve oil….I said in 2009 and I still say today….they haven’t effectively seismographed the country so who knows how big that swimming pool really is.

“Stock market” calls for the sale of government shares the mixed sector companies and experts believe it lacks the institutions chock

A very long article with a few notable highlights it seems….Arbil will be opening an ISX office in 2014…the ISX trades in five basic areas….banking, hotels, industrial companies, investments, and service sector. The ISX has been open since 2004, and has grown to 73 publicly traded companies from an original start of 15 companies.

Britain appoints Baroness Emma Nicholson, a trade envoy in Iraq

What better way to improve or enhance trade relations with Iraq by Britain than appointing the CEO of the premier company that is helping Iraq get back on their feet. The Baroness Emma Nicholson has been appointed to the role of trade envoy to Iraq to improve and promote strong economic cooperation between both countries. She has a vast amount of experience working within Iraq since 2003.

Iraq criticizes Maliki’s coalition objection to buy private jets and stresses: Maliki has one

There seems to be much fluff in this article about who can own a private jet….it seems that Maliki is allowed to own one, but apparently not just every Tom, Dick, or Harry can own one….as the Ministry of Transport spoke up and stated that due to time and security constraints citizens are not allowed to own jets…..so would it be ok to own a turbo-prop, or single engine aircraft….things you need to know to fly into the Iraqi airspace. What sound funny is that the Ministry of Culture donated $18 dollars for the purchase of private jets…yes plural….I’m scratching my head….just how much does a jet cost these days….but I guess it doesn’t matter because the amount was ear-marked to the development of “Al-Rashid Street”……sounds like a monkey in the wood pile…..I’ll order this jet and write the invoice up as street repairs….no one will know the difference.

65 billion dollar bilateral trade volume between the Kingdom and America

Ok, Frank made mention of a possible Saudi Arabia and Iraq link in some way…then mentioned the Dow Chemical Company name….it appears that Dow does some significant business currently in Saudi Arabia tied to the Saudi oil company ARAMCO….they are partnering to build a very large aluminum rolling mill to the tune of $4.9 billion dollars.

Controversial Prediction: IRAQ is an investment opportunity

Ok, who would have ever thought that Iraq would be an investment opportunity….I mean the country was destroyed in many ways and now are having to pick up the pieces and put them back together again…..they want to become world renowned for their oil and production…..they want to seen as big dogs of the heap….and as a side note this gentleman in the video also predicts that gold will rise to $10,000.

FAMILY IF YOU HAVEN’T WATCHED THIS VIDEO YOU NEED TO STOP AND SEE IT NOW, I’M POSTING THE LINK TO IT BELOW TO HELP YOU…..THIS MAN GREG MCCOACH, I LOVE THAT NAME, TALKS ABOUT IRAQ FROM THE 7:30 MARK TO THE END OF THE RECORDING!!!!!!

HE TALKS ABOUT THEIR OIL…HE TALKS ABOUT THEIR GOLD, IT LIES JUST BELOW THE SURFACE AROUND OR NEAR BAGHDAD…..BUT MOST IMPORTANTLY…..HE TALKS ABOUT THEIR CURRENCY!!!!

http://www.youtube.com/watch?v=x7VpHEuJ7r4&feature=player_embedded#t=0


Oil Ministry: Iraq’s oil reserves has not been used so far

Well it would appear that Iraq will be a big boy exporter in a few short years and OPEC will allow them to reach the 9 million barrel a day level….a level they claim they can maintain for at least 20 years…..that is BIG oil. OPEC is also apparently lumping Saudi Arabai, Iran, and Iraq into a category stating they can absorb whatever increase they are capable of making…..that is big of them.

Mister, Can You Spare a Dinar?

Begging has become a new industry in Iraq….you have to know where to be on what day to be successful it seems.

Iraqi Jews Seek to Prevent Return of Religious Artifacts to Iraq

A number of Iraqi Jewish artifacts that were found by US soldiers during the invasion of Iraq were taken to the US to be restored, these documents have now been on display at the National Archives in DC and now are being sent to the Museum of Jewish Heritage in New York until May…they due to be returned to Iraq later this year….but Iraqi Jews now living in the US do not want the documents returned to Iraq they want them to stay in the US.

Maliki calls for the House of Representatives resigned to reverse their decision

Well the once strong Maliki seems to be less sure of himself, as he asks the MP’s from the Anbar region that resigned their seats in the Parliament last month to come back and be a part of the program….M has even withdrawn troops from inside of Ramadi and Fallujah to help appease them.

Currency devaluation ‘easy’ answer to emerging market crisis – Saxo Bank chief

Governments are tightening monetary policies in South Africa, Turkey, India, and Russia….the US is not to blame for the losses being incurred in these cases it seems. It is stated that every political country needs reform because the export based business model isn’t sustainable. It seems that the only change that occurs in a historical sense has come from a crisis…..could we be facing a monster of a crisis now.

Specialists: the central bank will control the gold market, Iraq imported 5 tons per month

Hey we get to hear from Mohammed Saleh again this week….saying that the CBI is being a good leader in their willingness to step up and control the gold market for Iraq…..IMO….that is also good because if the CBI is in control of it the GOI can’t touch it….I believe the CBI to be better money managers than the GOI at this time. By the increase in Iraqi people buying gold it is also a good sign of the recovery of the living situation in Iraq, people are better able to save.

Jordan closed its borders with Iraq to cut off his supply of oil

Jordan closed its border with Iraq for safety reasons…..but by closing the border they also shut down oil tanker traffic….they will be reimbursed by the Iraqi’s though for the closure…..they had growing fears of violence on the road.

Compete with international banks

Iraq is suddenly seeing an influx of global banks providing competition for their local market….most notably new in town is Britain’s Standard Chartered Bank….these private banks have managed to raise the required capital and now have monies to boost local project work.

Expert: tariff revenues constitute a significant amounts of oil in exchange

Tariffs should go towards helping Iraq put a stop to inferior goods crossing their borders, and that over time this will reduce the amount of imports they will have to depend upon…..currently they import about $74 billion dollars worth of goods….they realize they need tighter controls of goods. The Tariff Law will essentially help to ease unemployment as Iraq strives to make more locally than they have had to do in the past.

Foreign companies designed to invest in Iraq

Whether the risk is high due to the type of job, or it is considered safe…..the outcome is largely the same…..Iraq presents a big opportunity for all who choose to invest and do business there…..investments are looking good in all sectors….but does that really surprise anyone…..it doesn’t me.

From Rags To Riches To Rags – Stock Trader Turney Duff

How a Wall Street Trader Blew Through $10 Million

By Lauren Lyster | Daily Ticker

Former stock trader Turney Duff started his career on Wall Street in the 1990s as a trainee at Morgan Stanley (MS), before ascending the ranks of hedge fund trading over the next decade, making millions of dollars, and blowing it as he descended into cocaine addiction.

It’s a downward spiral seemingly enabled by the culture, money, and access of his former profession – the darkside of Wall Street – at least, according to the experience Duff profiles in his new memoir “The Buyside: A Wall Street Trader’s Tale of Spectacular Excess.”

“I went from the 99% to the 1% back to the 99%,” Duff tells The Daily Ticker in the accompanying video. “I made about 10 million dollars and today I don’t have any [of it].”

Read More Link On Right

Duff now lives in a humble home in Long Island, New York, after battling a drug habit that cost him his finance career and his millions.

Gone are the $9,300 a month Manhattan apartment and the close to $2 million annual compensation. He’s now sober after a few stints in rehab.

These days he’s focused on his writing and being a father to his 7-year-old daughter.

It’s a far cry from the scenes of excess he describes in his book.

“There’s an ounce of cocaine piled in the microwave,” Duff details in a scene in The Buyside.

“An additional few thousand dollars worth of blow sits on a single plate in the kitchen.

The place is littered with Grey Goose bottles, ice, cups, and straws for snorting. We call this East Side apartment the White House for obvious reasons, but it’s more like a Wall Street crack house…Everything is provided and paid for, compliments of the sell side.”

His drug use escalates and hits one low in the book when after a sleepless three-night bender and having run out of excuses to miss work at Argus Partners, he fakes a mugging by hurling himself repeatedly into a puddle on the streets of New York.

During his finance career, Duff was at one time a trader at the Galleon Group – a hedge fund now infamous because founder Raj Rajaratnam is in prison serving an 11-year term for insider trading.

Though, according to Duff, he was gone long before Galleon was being investigated for insider trading, he details some questionable episodes in the book during his time there.

One, for example, includes a phone call from “Mr. Whisper,” a muffled voice that calls and tips him off to an upgrade in Amazon’s (AMZN) stock minutes before it happens.

Another involves a day the firm chaotically sells hundreds of positions in tech stocks they own, before shorting the same stocks immediately after (essentially betting the stocks will go down), all before the market closes for the day and a tech company called Nortel Networks reports terrible corporate earnings that are bad for the whole tech sector.

“The information that we got was definitely better than the rest of the street,” Duff tells The Daily Ticker. “At the time it was considered ‘edge’. I liken the last 10 years of the hedge fund era to the steroid era in Major League Baseball.

 It was definitely wrong and it’s not excusable, but at the time it felt like this is what people are doing if you want to get ahead you need to get edge.”

Live video interview may be watched from source at link below –  video was not allowed to be  shared outside of yahoo

http://finance.yahoo.com/blogs/daily-ticker/wall-street-trader-blew-10-million-195043941.html

1-31-14 Central Bank decline in sales to the U.S. dollar

1-31-14 Central Bank decline in sales to the U.S. dollar on Thursday to 39 million Baghdad (news) .. retreated central bank sales of dollar in an auction yesterday,Thursday, on the sale and purchase of foreign currencies, recording 143.363 million compared with $ 182.372 million dollars recorded on Wednesdaylast and a stable exchange rate at 1166 dinars […]

Iraqi Dinar Guru 1-31-14 Chats…

Iraqi Dinar Guru 1-31-14 Chats… 1-31-2014 Iraqi Dinar Guru Bluwolf We are within moments in seeing our prize possession take its valor. There will not be any lack of monies for all banks have covered all three tier factors and you will be dealt with exactly and at the same level as the tier before […]

1-31-14 Last week retreat sessions where the stock market index

1-31-14 Last week retreat sessions where the stock market index Baghdad (news) .. general index of the Iraqi market for securities declined by 0.24 percent in the session yesterday. recording where T 112.56 points compared with 112.83 points, had scored in Wednesday’s session. showed Bulletin of the Iraqi market for securities and reviewed by the Agency ( […]

DAZ POST, 31 JAN

1-31-14 Daz: WE WILL GET PAID. IT WILL HAVE TO GET A LOT WEIRDER FOR THAT NOT TO HAPPEN. THE CURRENCY IS VALID, WE BOUGHT IT LEGALLY…WE’LL EXCHANGE IT LEGALLY. THE CURRENCY IS LEGIT, I HAD A LAWFUL RIGHT TO BUY AND OWN IT AND, I WILL HAVE THE SAME RIGHTS TO EXCHANGE IT. THEIR IS NO PUBLICLY AVAILABLE PUBLICATION OR NOTICE STATING THE IQD WILL EXPIRE AT ANY DESIGNATED TIME. THE ONLY KNOWN TIME

Tariff revenues constitute a significant amounts of oil

Expert: tariff revenues constitute a significant amounts of oil in exchange BAGHDAD – Farah pumice after the application of the tariff early this year on some imported materials, it was considered an economist main objective of which is to reduce dependence on oil Chria omnidirectional of the country, a tax is citizen responsibility, versus running […]

Maliki calls for the House of Representatives resigned

Maliki calls for the House of Representatives resigned to reverse their decision Prime Minister Nuri al-Maliki said in a statement the political forces that gave deputies resigned from the House of Representatives to reverse the decision to resign, and to take “positions wise not passive events, and stay away from any position can be in […]

MILLIONDAY CHAT, PART 1, 31 JAN

Post From Dinar Updates By Rudie Part 1Comments may be made at the end of Part 2  Thank YouMillionday Roundtable 1/31/14    [millionday] i wanted to bring this last time we met to explain but remember when they said that bonds were going on the market and of course metals  – this gives a quick update as to what it means    [millionday] , Dr. appearance of Mohammed Saleh: that the announcement

MILLIONDAY CHAT, PART 2, 31 JAN

[millionday] It is noted that there is worldwide interest in the stock exchange through the transfer of trading sessions directly on economic sites, including Web sites that encourage foreign investment in the stock market and stocks Iraq where they consider evidence of actual activity to the movement of the labor market in the country.And calls for an academic economist to the expansion of