Frank26, Delta and KTFA Members Thurs. PM 7-7-16

7/7/2016






....KTFA:

DELTA: Key measures include maintaining the exchange rate peg as the key nominal anchor; gradually removing the remaining exchange restrictions
.
http://www.imf.org/external/np/sec/pr/2016/pr16321.htm

Doodlebug: Thank you Delta. Are you sharpening your scissors and perfecting the art of "ponytail removal?" (note: Frank26 will cut off his ponytail when it RV’s)

DELTA: YES I'M READY FOR NEXT WEEK. (wink)
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Stevep99: First the IMF article approving the loans. then an Article XIV compliance and right on schedule like Frank said, flags in Mosul!! I M O...like F26 said...warp speed...hold onto your hat and socks...

Zerb: ART8ART8ART8 ON THE 8TH! BING BANG BOOM! NOW IS THE TIME(ING)!!!

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ReddStarr: Already hitting the mainstream news.....and for whoever was asking....says it here.....$634 million....immediately....

IMF Approves Multibillion Dollar Aid Program For Iraq!

July 07, 2016

The International Monetary Fund’s (IMF) executive board has approved a $5.34 billion program for Iraq to help strengthen the country's finances.

The IMF said in a statement on July 7 that the three-year loan will see $634 million immediately allocated to Baghdad.

It said the money will help stabilize Iraq’s balance of payments, ensure Baghdad can keep up with its debt obligations, and support measures to protect the poor and fight corruption.
In July 2015, the Washington-based organization disbursed about $1.24 billion for Iraq under a similar program.

Iraq’s economy has been hit hard by the sharp drop in global oil prices and the fight against the Islamic State group.

The IMF said it had contracted by 2.4 percent in 2015 despite a 13 percent increase in oil production.

http://www.rferl.org/content/imf-approves-multibillion-dollar-aid-program-for-iraq/27845115.html

Mountainman: Which MEANS This is The Announcement of Their Value being Lifted......Otherwise The IMF would NOT give the LOAN......ARTICLE 8 on the (8)th......This is as LOUD as the IMF will Be On A NEW IRAQ REALITY.....IMO

Blessings,Mountainman (=New Beginnings......for NEW ARTICLES Like this to SPEAK Of A NEW REALITY......IMO

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Firefly: BRITAIN Posted Jul 7, 2016 by Martin Armstrong

LondonStkExchange

The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Morgan Stanley — have large operations employing tens of thousands of people in the UK. They have historically set up their regulated businesses in Britain and then used its right to “passport” into the rest of the 28-member bloc.

Lawyers are warning that after BREXIT, they would likely need a new legal home base, so they are preparing to shift at least some work to cities such as Dublin, Paris, and Frankfurt.

Meanwhile, continental banks in Europe are in trouble. The bad loans continue to pile up and the economy simply cannot recover with negative interest rates.

What is ironic here is that UK banks are not in the euro so their reserves are not falling off the cliff as those banks using the euro as its base currency.

The UK banks are safer than those in continental Europe — the ultimate irony

https://www.armstrongeconomics.com/international-news/europes-current-economy/banks-trying-to-figure-out-what-lies-ahead/