1-20-11 Recap of the day's events/postings

Facts:

1.      Iraq’s oil reserves are now 500 billion

2.      Ron Paul has oversight of Federal Reserve

3.      Maliki not in a hurry to resolve security positions

4.      Important laws to be approved

5.      CBI Auctions

6.      Remaining ministries will be resolved soon

7.      Meeting between Maliki and Allawi on the President of Political Council Position

8.      Kurds will not give up the presidency of the Legal Committee

9.      Arab leaders agree to unify Arab State customs laws and activate WBI

10.  Stalemate of security ministries

11.  Rates of exchange update

12.  Canada settles first trade deal in yuan

13.  Allawi may not accept Council position

14.  Allawi accuses Maliki of circumventing the constitution

15.  Good results for the Kurdish delegation

Rumors:

Of Interest (rumors that I find of particular interest either because of who said it or because of how I think it relates to what is happening right now):

1.      TK on global settlements

2.      DV Chat

3.      TK updates on global settlements

4.      CNBC on Obama talks with China

5.      Night chat

6.      Enoch8 post

The Rest (doesn’t mean these are not happening):

1.      Bank screen

2.      Banks owned or controlled by Rothschilds

3.      Money Masters

Where Are We At?

1.      The day started off nicely with urgent news of Iraq’s reserves being raised to 500 billion barrels!  This is great because they can monetize the 500 billion barrels against their currency thereby strengthening the value.  It was previously 143 billion barrels.  Then, the news went south with news of Maliki and Allawi up to their old tricks.  Maliki is not giving Allawi what he wants, and Allawi is threatening to not take the Council position.  They’re bickering over nominees for some of the remaining positions, and they still have yet to resolve the issues related to the National Council of Strategic policies.  In one article, Allawi is accusing Malike of circumventing the constitution and claims the current government is unconstitutional.  As always, the news remains confusing too.  Articles talk about how the security positions will be resolved, while others talk about a stalemate.  That all said, the good news is that it does appear that things are happening related to the government formation.

2.      News of China’s President’s meeting resulted in news media throwing out terms that seemed to be related to the global settlements.  Live on separate news stations, people heard news reporters say that deals were being made behind closed doors and that there would be a transfer of wealth from the rich to the poor.  In other related news, Ron Paul was designated to oversee the Federal Reserve.  Ron has been on record stating that he wanted to abolish the Federal Reserve.  It was said in the GET conference call that one of the outcomes of the global settlement is that the Federal Reserves would be wiped out.  We also saw news of Canada settling their first trade in yuan.  Recall in the GET conference call that it was mentioned China and Canada have teamed up to get the global settlements done.  All coincidence? More importantly, is global settlements truly related to the RV? 

3.      In terms of the rates of exchange, we finally saw the new change.  Only one country’s currency was updated and that was Venezuela’s. 

What’s Left?

1. Reading of the budget for the first time (due to redraft).
2. Closure on Security positions (5 in total) and the remaining unfilled positions (4)
3. Formal announcement of government
4. Agreement on outstanding Kuwait issues
5. Lifting of remaining Chapter 7 sanctions (Kuwait related)
6. RV/RI

What’s It All Mean?

1.      I am curious about the sudden or “urgent” announcement about Iraq’s oil reserves jumping from 143 to 500 billion barrels.  I’m happy about it, but I’m also wondering how they managed to go from the 4^th largest proven oil reserve to the number one spot overtaking Saudi Arabia (264 billion).  I am assuming that the 500 billion barrels is being considered “proven” as they are comparing it to their 143 billion, which is their current proven oil reserve amount.  But, I could be wrong.  In either case, the bigger the oil reserves, the better it is for us because they can back their currency with proven oil reserves.

2.      Fact 9 above is a good thing.  If Iraq wants to truly become part of the League nations, they must form their government and have a globally traded currency.  This ties nicely into the upcoming Arab Summit to be held in Iraq.  Let’s hope they finish everything before the summit in March.  If they do not, they will not be taken seriously.

3.      The news today that appeared to be related to the global settlements was really interesting to see right now because of the GET conference call we just heard.  None of the news is conclusive in terms of being able to clearly state we are seeing the events of global settlements either preparing to take place, or taking place.  But, because of the timing of all of these events, it sure does make me wonder and I can’t help but lean towards wanting to connect the events to global settlements.  I’ll just keep a watchful eye and learn more.

1-20-11 Nighthk11 chat

Highlights/Thoughts
Click on the title of this posting to get to the details of this chat on 1DFA (membership required)

1. Events inside Iraq are now designed to force government compliance
2. Countries must have been given positive assurance of payment
3. Korea, China, and Russia are now working inside Iraq
4. Maliki will either get this done or be taken out by Parliament by a vote of no confidence
5. Barzani and the Kurds got what they wanted from the budget
6. Demonstrations regarding basic services are elevating. Tunisia is a wake up call for the Arab regimes
7. Incompetent ministers will be replaced
8. They are working now
9. Government won't collapse. Things will get resolved when they return from recess
10. Arab countries want to do business with an established and self-sufficient government--not what Iraq is now
11. Government and budget will be resolved this month
12. Shabibi will act within hours once government is announced

1-20-11 Allawi accused al-Maliki to circumvent the Constitution and the complete failure of the Government

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The List is saying the existence of this government is not constitutional since Maliki did not form the full government within the constitutional period
2. There are still 9 ministries vacant
3. Security and some service ministries are still vacant
4. A lot of agreements have not been achieved so far. There are no guarantees...all agreements made as gentlemen's agreement

1-20-11 Deputy for Iraq: Allawi may not open to the Council strategic

Highlights/Thoughts
Click on the title of this posting to get to the details of the article

1. Delay in approving the National Council for the strategic policies is troubling
2. Allawi is studying this and may or may not accept the position

Allawi is up to his old tricks! Don't give me what I want....I'll just not participate.

1-20-11 Canada settles first trade deal in yuan

Highlights/Thoughts
Click on the title of this posting to get the details of the article

1. HSBC Bank Canada
completed the first Canadian trade using the yuan exclusively
2. Chinese currency continues to gain traction as an international reserve alongside the U.S. dollar
3. Bank made payment in the yuan. Previously, the payment would have been made in the USD
4. This will open up many opportunities for businesses in China
5. Some discussions of adding the yuan as a second reserve currency given the dollar weakness and the rise of the yuan

1-20-11 The Money Masters (Related to Global Settlements)

Highlights/Thoughts
Click on the title of this posting to see a video about the Money Masters. This is a good video to watch to gain an understanding of the Federal Reserve system and how it has historically impacted our country.

1-20-11 Operational Rates of Exchange Update

Highlights/Thoughts
Click on the title of this posting to see the operational rates of exchanges. Choose the option to show those rates that have updated since Jan 1, 2011

Only Venezuela has been updated.

1-20-11 Banks owned or controlled by the Rothschilds

Highlights/Thoughts
Click on the title of this posting to get to the details of this list

This is a listing of the Central Banks owned or controlled by the Rothschilds. This ties into the information related to global settlements.

1-20-11 Bank screen

Highlights/Thoughts

1. Back screen rate is live and hot
2. Rate should go to front screens tomorrow at 9am EST

********************************************************************************
[****] I Have a banking source very high up very connected….lets put it this way ….can see back screen
[******] Rate is live and HOT
[******] He called and said the rate goes to the front screen when the banks open
***** this is a US bank?
[*****] Yes *******yes yes yes yes yes yes yes yes
[*****] when does the bank open ******
[******] 9:00 am est [*****] thats 9am est Friday
[*****] Yes
[*****] Now listen folks
[*****] If something would go wrong like it always seems to do…..don’t bash me..ok
[***] **** its over? like finished, done we are rich kind of over???? [****] Imo....yes
[*****] I believe we could see it as early as tonight
[*****] Because the banks will wait...til they close
[*****] To reboot [skysthelimit]
***** did he tell u a rate?
[*****] Trying to dig up something else...need to confirm...... [*****] ***** thanks
[*****] Will be back soon
[*****] The cbi will come after banks from what I understand
[*****] I believe we could see it as early as tonight
[*****] After 9:15 pm
[*****] ***** that "back screen" is with the SWIFT codes, right? So if it's "front screen" for one bank dealing in international currencies, it should be for all other banks that deal in them too?
[*****] Yes ****that's correct

[*****] I have info on g settlements...that I just can't share right now....but I will say it is good news if true...need more info on it before I can run with it

1-20-11 TK update on global settlements

[terryk] all the fines and penalties payments were released yesterday as well as prosperity programs. Everything should be arriving today and tomorrow. With that said – the dinar ‘should’ rv for the rest of us here in the US ‘now’. There is absolutely nothing else holding this up imo.

1-20-11 CNBC on Obama talks with China

[*****] CNBC is reporting "deals being made behind closed doors" and an announcement being made next week that will transfer wealth from the rich to the poor

[*****] **** and **** on the phone with a friend and fellow investor... said its "on the call" on cnbc

and here is another from a different person:

[*********] Hey, I just got a call from a friend who was watching cnbc. Said one of the mods said that right now negotiations are going on behind closed doors that will create the greatest transfer of wealth in history from rich to poor and will wipe out european debt

Separate but related chat:

[*****] Fox Business News- just finished listening to a man on Fox Bus, says dollar will fall and was talking about the Fed being the problem. Also, he said that there are many things are going on in the background to correct this, talked about resetting
[******] ******* - just heard it, it is off now, but this guy was talking about China being involved in all that is going on
[*****] ******- maybe thing 1 and thing 2 are not way off, makes you want to go hummmmmmm


[***************] CNN and CNBC are BOTH saying it is the end of the Fed. So it is no longer a conspiracy theory, but it is FACT.

CNBC article on transfer of wealth

1-20-11 Dinar Vets Chat: Dinar Vets 1/19/11 (About G.E.T. Conf Call & More)

Highlights/Thoughts
Click on the title of this posting to get the details of this chat

1. Bank of America is the market maker for the IQD, and the custodian of the WGS (related to global settlements)
2. If RV depends on a vote, will need to wait until government formation is complete (end of month)
3. Iraq picked 39 candidates to fill the government seats in 42 days, but they can't fill the remaining seats
4. Most in this chat were surprised about the information shared on the GET call regarding global settlements. That information has caused some to rethink the enormity of this investment

1-20-11 Stalemate of security ministries in Iraq

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Maliki is studying the biographies of the candidates of the security positions
2. No persons are officially nominated so far. Therefore, no candidate can be named
3. Maliki has not revealed his positions for the candidates
4. When Maliki has decided, he will name the candidates in front of the political blocs. Then, it will go to Parliament
5. Confirmed news of Maliki rejecting the List's candidate for the Defense Portfolio

1-20-11 Economic Summit: Arab leaders agree to unify Arab State customs laws and activate WBI

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The Arab League Economic Summit agreed to complete the unification of customs laws in the Arab states by the end of 2012
2. They want to establish the Arab Common Market in 2020
3. The leaders agreed to activate the World Bank Initiative (WBI) for the Arab world, supporting economic cooperation and knowledge sharing across the Arab League nations

This is clearly all about trade. How can Iraq participate in all of this without a globally accepted currency? Perhaps this is why it is being suggested that Iraq complete their government and have a globally accepted currency prior to the March Arab Economic Summit?

1-20-11 Kurdistan: We will not give up the presidency of the Legal Committee of the House of Representatives

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Per Talabani, the Kurds do not want to give up the Presidency of the Legal Committee of the Council
2. Talabani says that Osama Nujaifi cannot be the President of the Council and Chairman of the Legal Committee

1-20-11 Meeting between Allawi and Maliki to resolve the issue to vote on the President of the Political Council

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Allawi and Maliki will meet to resolve many issues including the issue of voting on the President of the National Council for the strategic policy
2. They will resolve the issues related to the ministry positions

1-20-11 Barzani: good results for the Kurdish delegation in Baghdad and the Constitution and dialogue-based problem-solving

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Barzani said meetings of the delegation of Kurdistan produced good results
2. UN is ready to support the political parties to address the internal problems
3. Discussion covered security positions, resolving the oil and gas law, procedures for implementing Article 140, as well as other items

1-20-11 Khalid al-Asadi: the remaining ministries in the government formation will be resolved soon

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Remaining ministries will be resolved soon
2. National Alliance does not intend to replace candidates for the post of VP (Khuzaie and Mahdi) as well as the the position for the Turkmen
3. There remains disagreement on the draft law of the Supreme Council policies

1-20-11 CBI Currency Auctions for today

Currency Auctions

Announcement No. (1818)

The latest daily currency auction was held in the Central Bank of Iraq on the 20-JAN-2011. The results were as follows:

Details	Notes
Number of banks	19
Auction price selling dinar / US$	1170
Auction price buying dinar / US$	-----
Amount sold at auction price (US$)	146,349,000
Amount purchased at Auction price (US$)	-----
Total offers for buying (US$)	146,349,000
Total offers for selling (US$)	-----

Exchange rates
Dollar's exchange rates / in Baghdad markets

1-20-11 Most important laws that will be approved during the current session

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Member of the House for the National Alliance said that the House will focus on the Law on Protection of Journalists and other laws which have been referred from the Committee on security, defense and legal framework relating to security companies.
2. These laws will be addressed in "this" session and after the completion of the formation of the committees

Their scheduled next session is the 30th.

1-20-11 Mahmoud Othman: Maliki is not in a hurry on resolving the security ministries

Highlights/Thoughts
Click on the title of this posting to get to the details of the article

1. Maliki is not in a hurry to fill the security positions as he currently is overseeing all of security as the commander in chief of the armed forces as well as the person who is managing the ministry of defense (Interior and National Security)
2. It is likely Maliki will appoint people that are close to him

Recall that Allawi and Maliki are in contention of some of the security positions as Maliki has rejected Allawi's candidate.

1-20-11 Garrett Takes Gavel Of Capital-Markets Panel; Paul Gets Fed Oversight Role

Highlights/Thoughts
Click on the title of this posting to get the details of this article

I am posting this article because it states Ron Paul will have oversight of the Federal Reserve. Ron has said in the past that the Federal Reserve should be abolished. Is this the start of what was rumored to happen with global settlements and the elimination of the Federal Reserve? Interesting. Or, is this just a move by the Republicans to ensure that we don't print more money?

**********************************************************************************
2 videos to watch


Click on the link below for the 2nd video:
Ron Paul: Obamacare Will Fail; Don’t Blame China for Our Problems | Ron Paul .com

1-20-11 TK on global settlements

Highlights/Thoughts

The chat below is related to the global settlements. According to the lady on the GET call the other night, once the payments were sent out, we should see the currencies revalue among a number of other things.
*******************************************************************************
terryk] GOOD MORNING ROOM
[terryk] AL IS DOING GOOD
[terryk] ON THE PHONE WITH HIM
[terryk] SO NO WORRIES
[terryk] SO U WANT SOME NEWS
[terryk] all the fines and penalties payments were released yesterday as well as prosperity programs. Everything should be arriving today and tomorrow. With that said – the dinar ‘should’ rv for the rest of us here in the US ‘now’. There is absolutely nothing else holding this up imo.
[terryk] EMAILED TO ME THIS AM

1-20-11 Enoch8 Post

Highlights/Thoughts
Click on the title of this posting to get to the details of the posting on DD

1. This is in reference to an article published in December stating that the Paris Club forgave the remaining 20% of the debt
2. Enoch is saying that their currency hasn't been recognized yet because their credit has a C rating
3. In order for it to be recognized, it must have a higher rating
4. Iraq's credit rating should be upgraded this year
5. Iraq is waiting for the 2011 budget and final reports from 2010, Official Creditors and World Bank upgrades their credit rating, and the IMF upgrades Article XIV to VIII compliance
6. RV is 100% dependent on the World Recognition and credit rating

Enoch also mentioned that Iraq's debt to income ratio would be improved by the debt relief as well as from their oil reserves. Remember, they can now monetize their oil. On that note, there was an article published today that said they now have 500 bil barrels of oil!

1-20-11 Urgent: Iraq's Oil Reserve reach 500 billion (b) barrels, official

Highlights/Thoughts
Click on the title of the link to get to the details of the chat

1. Iraq's oil reserves are now 500 billion
2. Previous estimate was 143 billion

Please keep in mind that the IMF now allows these countries to monetize their oil. If this is a proven 500 billion, Iraq is not only the country with the most oil, but they are the richest.