Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
OUR ENTIRE TEAM AND OUR ENTIRE SITE WITH ALL OUR MEMBERS ARE JUST WAITING....AND WISHING...AND HOPING....AND THINKING....AND PRAYING!
2:30 am est the iraq prime inster will have a news conference then at 4am est goi session begins.
new update from EXO: Adoptedson:There's a New Schedule.... We're on for Monday! The ALL the Buttons have been Pushed! The Algorithms are processing the currency values. Its happening Tonight, so hang your Stockings. Quadrillions are Flowing across Platforms. Pop the Cork! Money is Flowing to us All.
So Exogen says "hang your stockings tonight". Instead, I hung my empty wallet by the chimney with care!!!!!
Futures trading in Chicago shut down supposedly because of technical glitches, " ya right", George Soros and other big players left they're money in the Market over the weekend for a reason!!! I believe they shut it down to limit the damage and so others could readadjust they're holdings
August 24, 2014 at 5:55pm
Markets suggest the BRICS development currency complex will strengthen against the USD for SEVERAL weeks NO RUSH IS THE INDICATION
Gonna retire > wilbur grodan:
I thought the USN was released so the FRN's are essentially dead?
How can the death of the USD play out for 2-3 more years? I must be missing something here.
wilbur grodan > Gonna retire:
Like snow in WY, the USD will always be blowing around somewhere
You may be able to throw a Mecury dime out in the street and see ten bankers and brokers fight over it
for,Yah > wilbur grodan:
U think manipulation will hold out that long WG?
wilbur grodan > for,Yah:
A $ is a $ by any other name
Generations of loyalty
Wars fought over it
Americans will love their dollars even as they weaken
The $ will not go quietly into that dark night
CME HALTS ALL TRADE.
Posted by Richard love on August 24, 2014 at 7:52pm
Hi folks, just read on zerohedge that the cme has halted all trading and cannot say when it will come back online,just cut this bit out for you to read, ......CME confirms all Futures products will have a delayed opening due to technical issues with NO estimated opening time. Something's happening, hope its good.
August 24, 2014 at 9:07pm
I believe I read somewhere that Iraqi bonds were to be a tradeable instrument in Chicago so very likely that would involve the Chicago mercantile Exchange. Possible anyway...
August 24, 2014 at 9:10pm
GLOBEX/COMEX TO REOPEN AT 2100CST
August 24, 2014 at 9:09pm
Bloomberg just said all markets shut down on the cme. Tech glitch
August 24, 2014 at 9:01pm
squatchy posted we should see this on forex around 1:30EST. Lines up with everything.
J Dan Gregg > Nevada Joe
August 24, 2014 at 9:07pm
He seemed very sure of this the other day. Praying that he and EXO are right. My banking connection has been in vacation for the last 2 weeks. Can't get him/her to even check their work email, said they were avoiding the insanity.
kaydondada > Nevada Joe
August 24, 2014 at 9:05pm
Is that 1:30am or 1:30pm tomorrow
wilbur grodan > kaydondada
August 24, 2014 at 9:17pm
Tonight or earlier if this COMEX shutdown is the adjustment CME GLOBEX to open at 9PM central
August 24, 2014 at 10:04pm
BLOOMBERG BREAKING NEWS: CME Halts Electronic Trade on Futures From Oil to S&P 500
Posted by EXOGEN on August 24, 2014 at 10:02pm
CME Halts Electronic Trade on Futures From Oil to S&P 500
By Adam Haigh and Phoebe Sedgman Aug 24, 2014 9:08 PM ET
The Chicago Mercantile Exchange halted electronic futures trading due to technical issues, affecting contracts from U.S. stock-indexes to Treasuries, oil, gold and copper traded on CME Group Inc. (CME)’s Globex platform.
CME Group, the world’s largest futures market, suspended the start of trading on all of its Globex electronic-trading markets except for Malaysian equity-index derivatives, according to its website. Trading will open at 9 p.m. Chicago time, the bourse said in a later update. Dozens of commodities from corn to West Texas Intermediate crude change hands on the all-electronic Globex platform that begins on Sunday nights in the U.S., as well as contracts on interest rates and stock indexes.
“The biggest problem you might have is with some of the agricultural products because people rely on it quite heavily,” Jonathan Barratt, the chief investment officer at Ayers Alliance Securities in Sydney, said by phone today. “You’re taking away a risk transfer mechanism that people rely on.”
Asset classes where there is also a spot market, such as precious metals, are less affected, Barratt said. Investors can trade spot gold, silver, platinum and palladium in London while those in China, the world’s largest consumer and producer, can trade bullion on both the Shanghai Gold Exchange and Shanghai Futures Exchange.
The CME has mostly avoided the larger market structure breakdowns that plagued U.S. equity venues over the last five years, though a futures contract traded on its platform was identified by regulators as helping precipitate the flash crash in May 2010. In the stock market, U.S. Securities and Exchange Commission Chairman Mary Jo White has demanded infrastructure and procedural improvements as a way to restore investor confidence.
“Updates will be provided as they become available,” Laurie Bischel, a Chicago-based spokeswoman at CME, said in an e-mailed response to a request for more information about the current outage.
U.S. futures trading in everything from stocks to bonds, energy and agricultural products is dominated by the CME and InterContinental Exchange Inc., which last year bought the New York Stock Exchange. CME Group said in a press release earlier this month that open interest across asset classes reached a record 103.4 million positions on Aug. 7. Average volume for August was 14 million contracts at that date, up 33 percent from the year-earlier period.
Traders use futures to speculate on price direction in underlying assets and carry out hedging strategies. For instance, an investor who holds individual stocks or exchange-traded funds might sell a Standard & Poor’s 500 Index (SPX) contract to protect against losses from broad market moves.
The CME is the place where investors trade the most WTI crude and Henry Hub natural gas contracts, the U.S. benchmarks. About 500,000 crude contracts and 300,000 gas futures are traded on average through the bourse every day. Brent, the grade for more than half of the world’s oil, is largely traded on the London-based ICE Futures Europe exchange.
For stock investors, the CME’s electronic venue enables the trading of futures on the S&P 500, the Dow Jones Industrial Average and the Nasdaq 100 Index, as well as contracts on Japan’s Nikkei 225 Stock Average and India’s CNX Nifty index. Among the most popular equity contracts is the so-called e-mini future on the S&P 500, which has seen about 1.5 million change hands daily on average in August.
Ali Jalai, a bond trader in Singapore at Scotiabank, said today’s outage on Treasury-futures trading hasn’t been a problem because trading on the underlying securities is thin. The lack of activity is being compounded because of a holiday today in the U.K., he said.
“The cash market is open, but nobody’s trading,” he said. “That shows you how little interest there is.”
The CME halted trading for some futures contracts for more than 90 minutes on April 8 due to “technical issues.” The error prevented futures and options transactions in products including corn, wheat, cattle and hogs. The Chicago-based company’s largest revenue-producing contracts, such as interest-rate and stock-index futures, weren’t affected.
To contact the reporters on this story: Adam Haigh in Sydney at firstname.lastname@example.org; Phoebe Sedgman in Melbourne at email@example.com
To contact the editors responsible for this story: Sarah McDonald at firstname.lastname@example.org John McCluskey
RATE COMING HIGH AND STABLE...US BANKS BUYING MILLIONS IN THE LAST COUPLE WEEKS... THEY KNOW IT IS COMING AND ARE WATCHING THE DINAR MOVEMENT JUST LIKE US EXCEPT FROM THE INSIDE OUT NOT LIKE US WATCHING FROM THE OUTSIDE IN. WE HAVE NO IDEA YET AS TO WHEN IT WILL APPEAR BUT THEY HAVE WATCHED AND WAITED TILL NOW TO START BUYING MASSIVE MILLIONS IN DINAR. I AM HYPED ON THE SITUATION AT THIS TIME...WE ARE IN A GREAT PLACE ...ALL THE NEWS IS POSITIVE FOR MOVEMENT SOON AND ESPECIALLY USA BANKS BUYING.
"Experts are calling for the expansion of electronic payment services"
These types of articles are great news but we must be realistic. The CBI has not even fully implemented the replacement notes they reprinted earlier this year (which will tighten up monetary policy even more as they stop counterfeiting). Again, we need the new GOI formed, many outstanding laws both economic and banking passed that are stalled in parliament and most important...they need to rid the country for the most part of ISIL terrorists. We are still months out at best.
Technically the CBI may be able to go to Article VIII today (if they are in compliance).
But would they?
of course not.
My point is...the increase in value of the dinar is part of a much larger economic event within Iraq.
Nobody sits down at the dinner table and eats before the table is set...and in this case, you don't go to IMF Article VIII, a new exchange regime, before the economic conditions are ready for it.
Iraq has a lot of work to do to set the table...and that will not happen in a week..nor a month.
As I said, we are months out before the CBI will make the move.
"Liberals calling for an end to the administration of government positions by proxy"
[No more "good ole boy" network. From now on it's leadership by capability, expertise and accomplishments.]
More importantly, parliament must approve.
[I read the gov will be seated on Monday. Do you think when this happens, there will be an RV?]
I don't think it will happen that fast - Abadi has 20 days left to get it done, and I believe they will take the full time allowed...that's my opinion and I'm sticking to it. I can't tell you it will be "done" by Monday, but I really think they are going to take the entire time allotted and then we'll be looking for HCL news after that.
IF THE DINAR DOES NOT BUY MORE THAN THE DOLLAR THEN THE US DOLLAR WILL REMAIN ON THE STREETS BEING USED BY THE CITIZENS AND THAT CANT BE -- THEY ARE TRYING TO REMOVE THAT ALL THE WAY...THEY WILL HAVE -- ONLY THE DINAR.
THE BUDGET IS ON A ROLL AND ALSO THEIR CARD WILL BE ACCEPTED OUTSIDE THE COUNTRY --- AND THAT IS VERY HUGE --- THAT IS THE ABILITY TO BE INTERNATIONALLY RECOGNIZED ALL DAY EVERYDAY.
MONDAY THEY WILL MEET FOR THE MEETING OF ALL PARLIAMENT AND IT IS SUPPOSED TO BE FOR GOV FORMATION.
THEY ARE CALLING FOR THE ACTIVATION OF THE ELECTRONIC BANKING SERVICE THAT IS READY AND WANT IT DONE RIGHT AWAY FOR ALL OF THE MONEY TRANSFER COMPANIES AND OF COURSE THE BANKING REFORM.
THE BUDGET WILL BE DONE IN THE NEXT FEW DAYS. THIS IS GREAT -- SO THE NEXT WEEK WE WILL SEE THE BUDGET -- VERY GOOD TIMING.
THE TIMELINES ARE VERY SIMILAR AS IF IT IS ALL BEING DONE ---AT THE SAME TIME.
THIS IS ALL LOOKING VERY POSITIVE WE HAVE TO ADMIT THAT.