Friday, January 30, 2015

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Heads UP! From Phoenix! - Friday, January 30, 2015 ..

World Bank Questions Iraq Currency Peg

Message From Phoenix: Is there any Hope for the Iraqi Dinar?



Heads UP! From Phoenix!

As I have been saying for the past year we have been waiting for the Central Bank of Iraq to drop the de-facto peg to the US dollar and adopt a multi-currency backing basket.

Today we have indication from the World Bank that this action may be at hand! The World Bank released that they feel the Iraqi peg to the US dollar is not in the best interest of Iraq and that Iraq should take action to correct this.

As I have been saying the action we expect to see is the announcement from the Central Bank of Iraq that they are dropping the de-facto peg to the US dollar and moving to a backing basket of 5 currencies.

The details of which can be found in my last update titled: “Is There Any Hope for the Iraqi Dinar?”

Please be advised…the probability of seeing the remote viewing temporal marker of “The Shot Heard Around the World” is high at this time.

Have a plan…and plan to act.

Phoenix


*Wow? Rate? Iraq Minister Of Finance and Minister of Planning Instructed to Take Measures To Ensure Funds 2015 Budget!

Dollar Peg .. Middle East Understands they Must Let the Pegs Go to the Dollar ~ The Dollar Pegs are Next

World Bank Questions Iraq Currency Peg



January 30, 2015

Middle East Understands they Must Let the Pegs Go to the Dollar

Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next couple of years as economic cycles in the region and the United States diverge. The deflationary trend will impact the region as hard-times emerge and the economies decline into 2020.

The six nations in the Gulf Cooperation Council (GCC) have pegged their currencies to the dollar. What was once viewed as a stabilization mechanism will turn against them and import deflation as oil prices collapse. True, in recent years the GCC economies have moved more out of sync with the United States. However, the pegs are now pressing the GCC policymakers to mirror the U.S. central bank’s decisions even though this is contrary to domestic policy objectives.

As long as they have currency pegs to the dollar, the Gulf States could face destabilizing capital outflows/inflows if they allow large interest rate gaps to open up with the United States. There remains a risk that the US will be forced to raise rates to fight a rise in the stock market as capital inflows pour in from many regions. We are likely to witness extreme currency destabilization in the years ahead. source
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January 18, 2015

The Dollar Pegs are Next

The next crisis will be the currency pegs against the dollar. Here we have pegs from Hong Kong to the Middle East. We will have the same problem for as the dollar is driven higher, thanks to the implosion in the Euroland, these nations will import DEFLATION from a rising dollar. This will break their backs and force pegs to collapse around the world. Keep in mind that this will unfold probably after 2015.75 and help to spiral the world economy into the worst depression in centuries. Start preparing for a rainy day.

These idiots are raising taxes when they should be lowering them as even Keynes suggested. Unfortunately, we are in a major crisis because of their insane mismanagement of the economy. There is nothing they will not steal. They are the type of people who are pocketing soap on the cart of the maid as they leave the hotel room. This level of corruption is turning into a feeding frenzy, which is our doom.

The rise in the dollar, will be the key to breaking the post-war economy. It was the flight of capital from Euroland into the Swiss that broke that peg. We will see in the months ahead the same crisis unfold in the Middle East and in Asia. This will be accelerated by the emerging economies who have issued $6 trillion in dollar debt since 2007. As the dollar rises, they will be forced into the same position as Greece – unable to pay their debts because the debt keeps rising in cost. source

*Coming Emerging Market Debt Meltdown ~ And A New World Currency Composed of a Basket Of Currencies

http://goingglobaleastmeetswest.blogspot.com/2014/12/coming-emerging-market-debt-meltdown.html


*When Will the Monetary System Crack?


http://goingglobaleastmeetswest.blogspot.com/2014/07/when-will-monetary-system-crack.html


*Martin Armstrong: The Forecaster - Interview - Euro


http://goingglobaleastmeetswest.blogspot.com/2015/01/martin-armstrong-forecaster-interview.html


Qatar may drop dollar peg in future: central bank chief

Coming Emerging Market Debt Meltdown ~ And A New World Currency Composed of a Basket Of Currencies

Links ~ Dumping The Dollar

World Bank Questions Iraq Currency Peg

30 January 2015

World Bank Questions Iraq Currency Peg

A report published on Thursday by the World Bank focuses on the implications of low oil prices for eight developing countries — Egypt, Tunisia, Lebanon, Jordan, Iran, Iraq, Yemen and Libya — and the economies of the GCC (Gulf Cooperation Council).

The Plunging Oil Prices report questions the practice of pegging the Iraqi dinar to the US dollar, noting the that value of the dinar has been falling against the dollar in the parallel market:

“Iraq pursues a policy of a de facto peg to the U.S. Dollar, and therefore monetary policy is constrained in tackling the current shock.

“The Central Bank of Iraq (CBI) had kept the Dinar steady through January 2009.

“In 2014, the nominal exchange rate in the official market remained stable against the U.S. Dollar at 1,166 IQD/1 USD, but the rate in the parallel market increased.

“The CBI has recently taken steps to simplify foreign exchange market regulations, but has not eliminated all existing exchange restrictions and the multiple currency practice.

“With the peg, fiscal policy carries the burden of macroeconomic stabilization, but in this case does not have the space to do so.“

source

New Saudi king announces major government shake-up

January 30, 2015

New Saudi king announces major government shake-up

Saudi Arabia’s new King Salman further cemented his hold on power, with a sweeping shakeup that saw two sons of the late King Abdullah fired, and the heads of intelligence and other key agencies replaced alongside a cabinet shuffle....

*CLICK HERE FOR FULL STORY

Double Explosion in Baghdad Market Kills Over 40

January 30, 2014

Double Explosion in Baghdad Market Kills Over 40

According to media reports at least 44 people were killed and around 80 were injured in a twin bombing at a market in central Baghdad.

BAGHDAD - At least 44 people were killed and around 80 were injured in a twin bombing at a market in central Baghdad on Friday, a member of the local police force said.

"The explosion took place in the part of the market where the military uniform is sold, and most victims of the explosions are Iraqi soldiers, currently it is known of 44 dead and more than 80 are injured," the police representative was quoted as saying by Iraqi state television.

*Click Here For Full Article

OPEC January Crude Output Rises as Iraq Pumps at Record Pace

January 30, 2015

OPEC January Crude Output Rises as Iraq Pumps at Record Pace

(Bloomberg) -- OPEC oil production rose in January as record Iraqi output helped drive prices near six-year lows.

Production by the Organization of Petroleum Exporting Countries climbed 483,000 barrels a day to 30.905 million a day this month, led by gains in Iraq, Saudi Arabia, and Angola, according to a Bloomberg survey of oil companies, producers and analysts.

*CLICK HERE FOR FULL ARTICLE

Next week in Baghdad .. international conference to come up with recommendations amend the investment law

Related Articles .. 

Iraq Investment: Parliamentary economy reveals new legislation for investment

Abadi agreed with the legislation of new laws for investment

2015-01-29

Next week in Baghdad .. international conference to come up with recommendations amend the investment law

BAGHDAD .. revealed to the parliamentary Committee of Economy and Investment for the start of next week's international conference under the auspices of the House of Representatives to come up with recommendations amend the investment law, as pointed out that the invitation to this conference sent bodies to invest Arab and foreign businessmen.

The Chairperson of the Preparatory Committee of the Conference MP Nora Albjara Agency / BD /: that next week will see the start of the international investment conference sponsored by the House of Representatives and the Committee economy and investment, he said, adding that the conference, which will continue for two days. Will focus on the completion of the third amendment to the investment law for Iraq in 2006.

She explained Albjara that this conference will be different from what preceded, on amendments, where will present foreign investor what he wants, of this law, which has been invited Arab investment bodies and foreign business people and investors, and will make recommendations to adjustments required .. 

source

Shahristani: preparation of a draft law allowing foreign universities to open branches in Iraq

29/01/2015

Shahristani: preparation of a draft law allowing foreign universities to open branches in Iraq

Baghdad .. The Minister of Higher Education and Scientific Research, Hussain al-Shahristani, on Thursday, that the ministry has prepared a draft law allowing foreign universities to open branches in Iraq. 

The ministry said in a statement received by the agency / information / copy of it, "Shahristani search Thursday, with the Iranian delegation that included Cultural Counselor at the Embassy of the Islamic Republic in Baghdad, Sheikh Ghulam Reza Abadhira, and Deputy Chairman Mustafa International University Mahdavi Mehr scientific and cultural cooperation between the two countries.

He Shahristani according to the statement "the importance of the development of scientific, academic and economic cooperation with neighboring Iran, in order to serve the interests of the two peoples," pointing out that "the Ministry of Education is keen to communicate with international universities and build bridges of cooperation and exchange of experiences, and hold joint academic conferences.

He explained that "the ministry has prepared a draft law allowing foreign universities to open branches in Iraq, as the ministry pending the enactment of this Act in the House of Representatives for the work done.

For his part, the delegation expressed the need to strengthen the scientific and academic cooperation between Iran and Iraq, wishing the adoption of special laws to open branches of the universities as they provide the possibility of legislation to strengthen the university mutual relations between the two countries.

source


Related Articles .. 

Iraq Investment: Parliamentary economy reveals new legislation for investment

Abadi agreed with the legislation of new laws for investment

Iraq Investment: Parliamentary economy reveals new legislation for investment

Related Articles .. 

Abadi agreed with the legislation of new laws for investment


29/01/2015

Parliamentary economy reveals new legislation for investment

Baghdad  .. A commission of economy and investment representative, on Thursday, in its quest for new legislation to balance the country's investment supports and encourages international companies to enter the Iraqi market, as shown in detail it would hold a conference on the law early next month. 

The committee member said Osman Haji told / information /, "The decision, announced by Prime Minister Haider al-Abadi in Davos recently about Iraq's intention to take, is to serve the enactment of new laws and investors, particularly the private sector." 

Haji said that "the economic and investment commission agreed with the need for legislation Abadi new laws favorable atmosphere for investors in order to encourage them to enter the Iraqi market." 

He explained that the "investment opportunities to be provided by law for foreign investors, is the industrial sector, and residential and commercial, and tourism, and other fields, as well as sectors that an investor asked to work out," noting that "what concerns us is the investor, so he would not find it difficult to invest if it came to Iraq. " 

Haji said that "the economic and investment commission will be held at the beginning of next month's conference to explain the work of the new law to be enacted mechanism in the presence of investors and businessmen from inside the Iraqis and Arabs as well as foreigners."

source

Thursday, January 29, 2015

Going Global Headline News For Thursday, January 29, 2015 check back for updates ..

Phoenix Rising Radio Welcomes Back Bob Gilpatrick ~ President Of Boomers Forever Young ~ Thursday, January 29th 2015

*Wow? Rate? Iraq Minister Of Finance and Minister of Planning Instructed to Take Measures To Ensure Funds 2015 Budget!

China, Russia, India FMs to meet in Beijing on Monday, February 2nd

President al-Jubouri congratulated on behalf of the Presidency and the ladies and gentlemen of the Iraqi people of Representatives on the occasion of the adoption of the financial budget for 2015

U.S .to offer Ukraine 1 bln USD in credit guarantee ..Ukrainian Finance Minister Natalia Jaresko and visiting U.S. Treasury Secretary Jacob Lew signed a declaration of intent

The Latest Laws - Parliament Site - The general budget of the Federal Republic of Iraq for fiscal year 2015

Phoenix Rising Radio Welcomes Back Bob Gilpatrick ~ President Of Boomers Forever Young ~ Thursday, January 29th 2015

Phoenix welcomes back Bob Gilpatrick
Boomers Forever Young

The deeper truth about weight loss

Holistic Health Therapist Bob Gilpatrick has counseled thousands of people on weight loss including his business partner Larry who lost and has kept off 1quarter of his body weight for over three years.  Approximately 45 pounds.

Bob will reveal in a 1 and 1/2 hour program what really holds people back from being at their ideal body weight.

Issues to be discussed are:

How to be well nourished to avoid over eating.

How your intestinal health affects your weight.  Yes , both your small and large intestines.

How stress creates a cascade of hormones that make you hold onto fat.

How Keytones work

How chlorogenic acid works ..

China, Russia, India FMs to meet in Beijing on Monday, February 2nd

January 29, 2015

China, Russia, India FMs to meet in Beijing on Monday


The three Foreign Minister’s will also discuss India’s bid to join the Russia-China-led security bloc, SCO 

Chinese officials are preparing for the upcoming RIC (Russia, India, China) Foreign Ministers meet, a Chinese Foreign Ministry spokesperson said. The meet comes close on the heels of a much-hyped Obama visit to India. Chinese state media has cautioned India about US President Barack Obama’s strategy to “split” India’s relations with both China and Russia.

“Obama’s strategy is quite clear. He wants to split the relations between China and India, as well as India and Russia, in an effort to fulfil his strategy of a ‘re-balance’ in Asia,” state-run Global Times said on Wednesday.

Meanwhile, China’s Foreign Ministry spokesperson Hua Chunying said the RIC meeting will be held in Beijing on 2nd February.

Russian Foreign Minister Sergei Lavrov and Indian External Affairs Minister Sushma Swaraj will attend the 13th Foreign Ministers meet at the invitation of their Chinese counterpart Wang Yi.