Dr. Mark > The CBI is beginning to plan for payment on multiple fronts as demonstrated by Bandito and a few others on this site.
Payment means activation of the budget pure and simple!!!
The articles on subsequent pages are from the CBI stating they are going to begin to pay the oil companies that are owed Billions.
Activation will indicate a rate. I believe the rate is MUCH HIGHER than the 1:1 the economic advisor indicated in the article above.
Now, we still don’t have a rate or a date but this is in INK!
This weekend will be very interesting as if they plan to pay their citizens on Sunday… then theoretically we could have a rate….IMO
Dr. Mark: Let’s Review this morning:
1. We have the CBI beginning to pay the citizens on Sunday per the “new mechanism”
2. We have the CBI committing payment to the oil companies owed
3. An opinion piece on an “in Country” RV potentially at 1:1-no date committed
4. We have the HCL in place and now formal law!!!
5. Abadi announces “Week of Solidarity” for the armed forces. I think he will give them a pay raise!! Hint Hint
Not a bad Thursday morning!! Glad I took the day off!!! The rest of today and tomorrow should be even more encouraging!
booyah > Dr. Mark SOUNDS MOST EXCELLENT! BTW, whatever happened to THE BUDGET?
Dr. Mark > booyah Published and printed…execution is a process we are watching…the link to the complete budget was posted on this site a day or two ago.
Awake-in-3D March 5, 2015
Very Detailed Group Info and RV Discussion
Dee, who publishes the “Removing the Shackles” blog talks about the RV, specifically about the Admirals Group, G64 Group, rates, Fisher, etc. Take it at its face value… but interesting details. People in Australia receiving forms to validate legal purchases of their currencies in preparation for exchange, lots of items here.
Start at the 23 minute mark for most of the info… the 16 minute mark is the true start of RV discussion.
WARNING: Some strong lanuguage in this… so if you’re sensitive, don’t listen.
[jaybird] ON OMC
[jaybird] Source at the Central Bank: banks will begin the implementation of remittances to their customers starting next Sunday
[jaybird] HERES FRANK26 COMMENT
[jaybird] Defined as a sum of money that has/will be sent……. In this case to The Citizens of Iraq. Normally via by mail………. In payment for goods or services or as a gift.
[jaybird] Hmmm…… Gift? I would call it more to be a Law that does this. HCL?
[jaybird] Ok, the CBI seems to have their new mechanisms in place and ready to move forward….hopefully those that need training were given that training…..and Sunday they will begin to provide remittances to their “customers”……note it says “their customers”….who are the customers of the CBI…..not the Iraqi citizens as some may be thinking….they do not deal directly with citizens….their customers are the banks of Iraq….the other Central Banks around the world….and the Iraqi government….watch what they implement with these folks and watch the end results of these efforts….that I believe will be of great importance……who deals with these Iraqi banks….the CITIZENS of Iraq…the BUSINESSES of Iraq…..they are about to be flooded with liquidity I believe as the CBI implements their new mechanisms for all.
[dakotaman] jaybird thanks for bring it over. I missed it the first time over there and it sounded great. Thanks again.
JlW: just what does “remittances to their customers: mean?
Island Girl: J: That is a very good question. What is “Remittances to their Customers?” And let me add this to your question….”Who are these Customers?” We cannot assume it is the USA Dinar holders. Remember Iraq does not think like we do an they don’t operate as we do. They are quite strategic with their planning. Not to say, USA is not but they seem so crafty….IMHO!**
Jaybird: ….who are the customers of the CBI…..not the Iraqi citizens as some may be thinking….they do not deal directly with citizens….their customers are the banks of Iraq….the other Central Banks around the world….and the Iraqi government….watch what they implement with these folks and watch the end results of these efforts
grammaij » March 5th, 2015, A question was asked
Does this mean 1 to 1
YES, 1 to 1 in Iraq
But, remember, a Dinar is a Dinar in Iraq
It doesn’t speak to the international exchange rate.
But, it does speak to MR
llee : OH MY! IF I’m understanding this correctly….this mean 1 to 1!!
Humminbird: In Iraq, …international could be much higher.
Alan wrote on March 5th, 2015, 10:08 am: U.S. Dollar at 96.33
Why does it seem like when the dollar goes up the DOW goes down. It’s gone down a few hundred points in the past few days.
Backdoc: It’s like I’ve been trying to tell you in my posts. As the dollar rises the the price to earnings ratio becomes extended making stocks more expensive! DOC
sigshome » March 5th, 2015, 1:45 pm
Mar 5, 2015 12:33 p.m.
Previous close 95.91
Day low 95.84
Day high 96.59
Notthe1: DO’YA THINK THE INDEX IS ON IT’S WAY TO 100.00 DO’YA .. DO’YA ???
JJONESMX » I HAD TO LOOK THIS UP TO SEE WHAT THE MEANING WAS…
Definition of ‘Remittance’
The process of sending money to remove an obligation. This is most often done through an electronic network, wire transfer or mail.
The term also refers to the amount of money being sent to remove the obligation.
Investopedia explains ‘Remittance’
When a person sends a check to the government to pay for a tax bill, the check is remittance to remove the tax obligation.
If you were to send money to a friend in Europe through a wire-transfer service, the sum of the payment is the remittance.
Five Chart Patterns you need to know…