GOING GLOBAL EAST MEETS WEST - ARCHIVES: July 2011

Sunday, July 31, 2011

Gimme Shelter Radio ~ 11:00 pm. est., Sunday, July 31, 2011 ~ Brace For Impact! ~ August .. Expect The Unexpected!

Gimme Shelter Radio is the nightly live radio program of the private "Gimme Shelter" forum hosted by Phoenix. Show topics cover the global current events impacting us all. The live show airs nightly at 11pm EST. All past shows are on-demand.

Gimme Shelter Radio ~ 11:00 pm. est.,

Sunday, July 31, 2011 ~ Brace For Impact! ~ August...Expect The Unexpected!

Gimme Shelter Link ~ http://www.blogtalkradio.com/phoenix3333

Link ~ Going Global Headline News for July 31, 2011 ...

And .. Check out Dinar Recaps ~ Link ~ When The News Isn't Enough ~ Rumors and (more) Up-to-the-second Happenings, Visit Big Bird and Friends @ Dinar Recaps ...

July 18th ~ The one truly independent and capable NRSRO, Egan-Jones, downgraded the US from AAA to AA+ over the weekend

Bumped ~

July 18, 2011

American Government-Endorsed Rating Agency Downgrades U.S. Credit

Moody's and Standard & Poors are the largest, best known rating agencies which are endorsed by the U.S. government (technically known as Nationally Recognized Statistical Rating Organization (NRSRO). Fitch is another well-known NRSRO.

But there are actually 10 NRSRO's:

Kroll Bond Rating Agency

Moody's Investor Service

Standard & Poor's

Fitch Ratings

A. M. Best Company

Dominion Bond Rating Service, Ltd

Japan Credit Rating Agency, Ltd.

R&I Inc. (Rating and Investment Information, Inc.)

Egan-Jones Rating Company

Realpoint LLC

Egan-Jones Downgrades U.S.

Standard & Poors has recently threatened to downgrade U.S. credit even if there is no debt default.

As Zero Hedge notes, Egan-Jones has just downgraded U.S. credit, for reasons other than the debt ceiling debate:

The one truly independent and capable NRSRO, Egan-Jones, downgraded the US from AAA to AA+ over the weekend.

From the release:

August 2011 Astrology ~ Not for the faint of Heart ~ listen to entire message ...

Iraq Postponed Again Until Tuesday, August 2, 2011

July 18th ~ The one truly independent and capable NRSRO, Egan-Jones, downgraded the US from AAA to AA+ over the weekend

(Not Quite) ~ Deal reached to end debt crisis; downgrade still a worry ...

Monday U.S. Debt Deal Hasn't Passed Yet ~ On Monday Congressional Leaders will present Agreement Framework Deal on Debt to party Members

Monday, August 1st @ 6:00 pm ~ Iraqi political leaders to convene on Monday ...

POOF for July 31st ~ Get That Black man out of the WH!

Economic Collapse ... Lindsey Williams ~ Dollar Collapse ~ What is "Economic Collapse"

The currency code for South Sudanese Pound is SSP, the operational rate of exchange is 2.88 effective 1 August 2011 ...

Iraq parliament warns government over delayed oil law

Going Global Headline News for July 30, 2011 ~ "Better Late Than Never" ...

Monday U.S. Debt Deal Hasn't Passed Yet ~ On Monday Congressional Leaders will present Agreement Framework Deal on Debt to party Members

Sunday, July 31, 2011 -- 8:45 PM EDT

Congressional Leaders Have Agreement Framework Deal on Debt; Will Present Deal to Party Members on Monday

The Democratic and Republican leaders of the Senate announced Sunday night that they had reached a deal to raise the nation’s debt ceiling and avert a default.

President Obama spoke moments later at the White House, telling reporters that “the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid a default.”

“My message to the world tonight is that this nation and this Congress are moving forward and we are moving forward together,” Senator Harry Reid of Nevada said from the floor of the Senate.

Senator Mitch McConnell of Kentucky, the Republican leader, said, “There is now a framework to review that will ensure significant cuts in Washington’s spending.”

The announcement came even as House Speaker John A. Boehner was holding a conference call with his Republican members.

http://www.nytimes.com/?emc=na

Monday, August 1st @ 6:00 pm ~ Iraqi political leaders to convene on Monday ...

July 31 2011

بغداد – الصباح BAGHDAD - morning

Presidency of the Republic: Meeting of leaders of political blocs on Monday

Presidency announced that the meeting of leaders and heads of political blocs will be held on Monday at six o'clock in the evening at the Peace Palace in Baghdad.

The presidential statement received "morning," a copy of it: "The Office of the President will issue the invitations to the leaders and heads of political blocs to attend a meeting."

And said Abbas al-Bayati, MP from the coalition of state law, the "morning" end of last week, that the leaders' meeting will discuss the three files, noting that "the next meeting is important to be discussed from the files, and that all leaders have declared their willingness to Houdorhma meeting which will discuss three key themes on her head national position of the U.S. withdrawal and the second implementation of the Convention on the remains of the Irbil, including the National Council for the strategic policies the Supreme, it's the third file is the security ministries. "

The currency code for South Sudanese Pound is SSP, the operational rate of exchange is 2.88 effective 1 August 2011 ...

Previous articles can be found here ~ Before July 31st ~ New Currency Officially Introduced in Sudan ... New Currency Will be Traded Before the End of this Month !!

United Nations Treasury - The United Nations Operational Rates of Exchange

Please note that South Sudan has become the 193rd member state of the United Nations and its currency is Pound (South Sudanese Pound). The currency code for South Sudanese Pound is SSP, the operational rate of exchange is 2.88 effective 1 August 2011.

Schedule of UN Operational Rates of Exchange

The Operational Rates of Exchange were last updated for the effective date of 01 Aug 2011 and thereafter until further notice.

Sunday, July 31, 2011

Iraq parliament warns government over delayed oil law

* Oil law delayed by disputes over reserves
* Investors see hydrocarbons law as guarantee

Baghdad, Iraq's parliament on Sunday warned the government it would force through a new draft of a much-delayed oil law if the cabinet further hold up the original legislation that investors see as a key guarantee of stability.

A new hydrocarbons law has been in the making for years but has faced opposition over who controls the world's fourth largest oil reserves, some in areas disputed by ethnic Arabs and Kurds and and some in Iraq's semi-autonomous north.

"Parliament's energy committee has proposed a new draft and if government further delays its submitting of the oil and gas law then we will go with new one," Iraq parliament speaker Osama al-Nujaifi told reporters.

The oil law has been one of many contentious issues facing Iraq's new multi-sectarian government since it was formed in late December following more than nine months of wrangling and an inconclusive election.

Investors have been waiting for the law's approval to guarantee a more solid legal framework for exploration. The law is also seen as pivotal to reconciling Iraq's political factions as the OPEC country rebuilds after years of war.

Even without the law, Iraq is already developing oil-fields, signing billions of dollars in service contracts with international companies under legislation dating back to before 2003 when a U.S. invasion ousted Saddam Hussein.

The draft oil law was approved by the cabinet in 2007 but faced opposition in parliament which sent it back to the government for amendments. Last month, Iraq made some changes to the law, which are being reviewed by the cabinet's energy committee.

"It's clear parliament is trying to pressure the government to unchain the long-delayed law, but this will not solve the issue, It's just creating more chaos," Baghdad-based oil analyst Hamza al-Jawahiri told Reuters.

"Parliament should understand the only way out of this issue is through a political deal with the Kurds," he said.

http://af.reuters.com/article/idAFL6E7IV08Z20110731

Africa ~ Horn Of Africa Interactive Map ...

Interactive Map ~http://www.cfr.org/human-rights/interactive-map-horn-africa/p13389

Sweet Little Lies ... News Of Late ...

Lyrics: Sweet Little Lies ...

If I could turn the page in time then I'd re-arrange just a day or two
(close my close my close my eyes)
but I couldn't find a way so I'll settle for one day to believe in you
(tell me tell me tell me lies)

Tell me lies tell me sweet little lies (tell me lies tell me tell me lies)
oh no no you can't disguise (you can't disguise no you can't disguise)
tell me lies tell me sweet little lies

Although I'm not making plans
I hope that you understand there's a reason why (close your close your close your eyes)
no more broken hearts we're better off apart let's give it a try
(tell me tell me tell me lies)

Tell me lies tell me sweet little lies (tell me lies tell me tell me lies)
oh no no you can't disguise (you can't disguise no you can't disguise)
tell me lies tell me sweet little lies

If I could turn the page in time then I'd re-arrange just a day or two
(close my close my close my eyes)
but I couldn't find a way so I'll settle for one day to believe in you
(tell me tell me tell me lies)

Tell me lies tell me sweet little lies (tell me lies tell me tell me lies)
oh no no you can't disguise (you can't disguise no you can't disguise)
tell me lies tell me sweet little lies (tell me lies tell me tell me lies)
oh no no you can't disguise (you can't disguise no you can't disguise)
tell me lies tell me sweet little lies (tell me tell me lies)

Saturday, July 30, 2011

Gimme Shelter Radio ~ 11:00 pm. est., "Better Late Than Never" ...

And .. Check out Dinar Recaps ~ Link ~ When The News Isn't Enough ~ Rumors and (more) Up-to-the-second Happenings, Visit Big Bird and Friends @ Dinar Recaps ...

*South America's Currency Plans ..

Related articles ~ Currency Revaluation ~ IMF ~ Latin America ~ Currency flexibility key in Latin America ... and .. Latin American currency to appreciate in 2011: Morgan Stanley ... and.. Also read ~ Brazil Calls for Currency System Overhaul and Latin America ~ BRIC ~ April 12th ~ High Level Conference to Focus on The Rise of Latin America to Debut on April 12 and Obama Praises Latin American Progress

Sunday, July 31st, 2011

South America's Currency Plans

In order to address the distortions on local currency caused by increased worldwide liquidity and import dumping, South America’s top economic analysts, policymakers and monetary authorities will be meeting in Lima and later in Buenos Aires to formulate a plan of action.

The announcement was made by Argentine president Christina Fernandez and Brazilian president Dilma Rousseff in Brasilia, during July 29th ceremony inaugurating the Argentine embassy in Brasilia.

Referring to a joint statement by the presidents, Ms. Roussef said,“We must define joint and specific actions to defend our countries from the excessive liquidity that artificially revalue our currencies, and from the avalanche of manufactured goods which can’t find a market in advanced countries and impact on employment and industry in our region.”

Going Global Headline News for July 30, 2011 ~ "Better Late Than Never" ...

Obama Hard At Work On Debt Crisis… Just Kidding He’s Planning His Birthday Bash ...

Sunday Afternoon ~ Senate Vote on Debt Limit Postponed Until Sunday Afternoon

Monday, August 1st @ 6:00 pm ~ Iraqi political leaders to convene on Monday ...

Iraq's leaders gather for two days after a decision on U.S. troops ...

CBI begins assessment of private banks throughout the country

India firms start Iran oil payments (euros) via Turkey (and previous article: Bank Deal ~ Iran, Iraq, and Turkey sign bank agreement) ...

Iraq, Kuwait and UN ~ Kuwait Would like to Resolve Differences over the Port of Mubarak through Dialogue with Iraq ...

Tuesday ~ Iraqi Finance and Foreign Affair Delegation to Cairo to settle outstanding issues ...

End Game ...

*** IRAQI LEADERS REACH DEAL ON CABINET REDUCTION .. BUT.. STILL OUTSTANDING ISSUES REMAIN ...

U.S. review finds Iraq deadlier now than a year ago ...

Gimme Shelter Radio ~ 11:00 pm. est., Friday, July 29, 2011 "On the Verge of .. Sudden Action " ...

Sunday Afternoon ~ Senate Vote on Debt Limit Postponed Until Sunday Afternoon

Saturday, July 30, 2011 -- 10:17 PM EDT

Senate Vote on Debt Limit Postponed Until Sunday Afternoon

The Senate will delay a crucial vote on the Democratic debt ceiling bill until 1 p.m. tomorrow amid growing indications that a compromise is in the works that will avert a federal default on Tuesday.

The delay averts a 1 a.m. legislative showdown in the Senate and all-night wrangling that Democrats had threatened on Friday. And it suggests that the looming deadline is working to pressure both sides toward a last-minute agreement.

Read More: http://www.nytimes.com/2011/07/31/us/politics/31fiscal.html?emc=na

CBI begins assessment of private banks throughout the country

30/07/2011

CBI begins assessment of private banks throughout the country

Baghdad, Deputy Governor of Central Bank of Iraq, Saturday, the Bank began to assess the work of 27 private banks throughout the country.

The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi Central Bank began to assess the performance of 27 private banks in accordance with system CAMEL, which depends on capital and Assets, deposit, liquidity and banking services provided by private banks.

He added that the "inspection department field in the Directorate General of the banking and credit control will take on the responsibility for evaluation and follow up the performance of private banks, which get a grade 1, it means the highest level of its ability to provide banking services.

Related article ~ Bank Deal ~ Iran, Iraq, and Turkey sign bank agreement

(Thanks to bama for the following article)

July 29, 2011

India firms start Iran oil payments via Turkey

New, Delhi, Indian refiners will pay for Iranian crude oil through Turkey’s Halkbank after MRPL made a test payment to end a US-inspired impasse that has built up over $5billion of debts and prompted Iran to halt supplies making up 12 percent of India’s demand.

State-run Mangalore Refinery and Petrochemicals Ltd. (MRPL), Iran’s biggest Indian customer, released a small payment in euros through Halkbank, two sources with direct knowledge of the matter said.

“This is the first payment ... We hope this system will continue,” said one of the sources, adding the payment has been made with involvement of Union Bank of India.

The source said payment from Essar Oil, the second biggest Indian client of Iran, is being processed.

Other refiners would also pay in the next few days, potentially allowing flows to resume from India’s second largest supplier of oil after Saudi Arabia.

Iran halted supplies of 400,000 barrels per day (bpd) to Indian refiners for August after a failure to find a payments solution to replace a clearing mechanism that was scrapped in December 2010 by New Delhi under US pressure.

31/07/2011

Kuwait expresses its desire to resolve the crisis through dialogue Port Mubarak

Iraq has ruled out put the file on the table, the United Nations

بغداد – الصباح BAGHDAD - morning

At the time expressed Kuwait its desire to resolve the crisis Port Mubarak through dialogue and mutual understanding, excluded member of the Foreign Relations Committee in the House Sami al-Askari Iraq has resorted to put the file on the table, the United Nations, invited the two women the government and parliament to start immediate establishment of the port of Faw and investigation to find out who had delayed its implementation, and work on accountability.

Sami al-Askari said in a statement quoted by the agency «Rn»: The »Kuwaiti government expressed its desire to resolve the crisis through the Port Mubarak dialogue, understanding and expand the discussions between the joint committees of the two countries.

He added that the committee that will send Iraq to Kuwait to scientific and technical committee does not have anything to do with political or parliamentary positions in order to provide an atmosphere of talks with Kuwait on the scientific and technical damage left by the construction of the port of Mubarak Al-Kabeer.

He said, »Iraq will be followed by means of dialogue and discussion on the technical damage left by the negative port of Mubarak Al-Kabeer and rejected the latter does not mean the end of the dialogue and discussion between the two countries.

Tuesday ~ Iraqi Finance and Foreign Affair Delegation to Cairo to settle outstanding issues ...

You mean they actually work in the middle east during Ramadan?

31/07/2011

Iraqi delegation to Cairo to discuss my debt and pay remittances yellow

To examine the activation of the Joint Committee

القاهرة ـ اسراء خليفة Cairo Isra-Khalifa

Up to Cairo on Tuesday a delegation from the Ministry of Finance and Foreign Affairs headed by senior agent of the Ministry of Foreign Affairs, Abawi to discuss a number of issues with the Egyptian side led by Iraqi debt private file transfers yellow.

An official source at the Iraqi Embassy statement the "morning": that the delegation will coordinate with the Ministry of Finance and the Egyptian Foreign Ministry to receive the amounts of remittances yellow amounting to $ 408 million represents the wages that have been converted by Egyptian workers to their families in Egypt and the former regime, booking it and are approved Council of Ministers launched recently.

He added that the delegation will discuss several issues related to activating the work of Iraqi-Egyptian Joint Committee, as well as discuss preparations for the visit of Egyptian Prime Minister Essam Sharaf to Iraq, and the visit of Prime Minister Nuri al-Maliki to Egypt.

End Game ...

November 2009 ~ EndGame HQ full length version - 2 hrs, 20 min. Pay attention @0: 17:10 ..0:20:00 into video -

Link ~ The Secret Order of the Illuminati (A Brief History of the Shadow Government)

Obama Plea for Solution to Debt Crisis ...(Problem, Reaction, Solution) ...

The Hegelian Principle Helps Explain How the Powerful Got That Way

July 30, 2011

Obama plea for solution to debt crisis

President Barack Obama made an impassioned plea to solve America’s looming debt crisis last night as the world’s most powerful economy ground to a virtual halt in the first half of this year.

He warned that “we are almost out of time” as he called on Democrats and Republicans in Congress to resolve an impasse over how to raise the debt ceiling to allow the government to borrow more money.

He spoke out as Republican leaders tried to save their deficit-cutting bill amid a House of Representatives’ revolt by the Right.

If an agreement cannot be reached the US will be unable to borrow to pay its bills while facing a potentially catastrophic default on federal debt next Tuesday which would send shockwaves across global economies.

The president went on the offensive after rival Republicans abandoned moves to hold a vote on a proposal by Speaker John Boehner to lift the debt limit for less than a year while making $800 billion in cuts to deal with the $14.3 trillion national debt.

Mr Obama said yesterday that Mr Boehner’s plan “had no chance of becoming law”.

“Any solution to avoid default must be bipartisan and have the support of the House and the Senate,” he said.

*** IRAQI LEADERS REACH DEAL ON CABINET REDUCTION .. BUT.. STILL OUTSTANDING ISSUES REMAIN ...

Saturday, July 30, 2011

Iraqi leaders reach deal on cabinet reduction

Nouri al-Maliki, the Iraqi prime minister, has secured an agreement to cut 12 ministries from his shaky coalition government following talks with representatives of the country's parliament.

Saturday's deal comes amid debate over whether or not a US military contingent will remain in Iraq beyond a year-end deadline for their withdrawal.

The controversial issue has been further complicated by the release of a US review that found security in Iraq to be worse than it was a year ago, and the onset of the holy Muslim fasting month of Ramadan, when little in the way of political progress is typically accomplished.

Maliki's 46-member cabinet, which he had hoped to reduce to 30 ministers, and will now shrink to 34, was the biggest in Iraq's history.

The original cabinet was only approved in December after protracted negotiations that followed March 2010 elections in which no party gained a clear majority.

The cabinet is also still lacking ministers in several key posts.

July 30, 2011

Iraq's leaders gather for two days after a decision on U.S. troops

Erbil, Heads of leaders and the heads of Iraqi political blocs after two days at the home of the President of Iraq Jalal Talabani to take a final position on the extension of the survival of U.S. forces in Iraq or not after the due date at the end of this year.

And it is also scheduled to discuss Participants controversial issues related to the ministries of security and the policies expected and the application of the terms of agreement Erbil, which paved the way for a government of national partnership.

Officials expect the U.S. to ask Iraq from Washington, "at some point" to keep some U.S. troops in Iraq after the deadline for their withdrawal at the end of 2011, according to an agreement site between Baghdad and Washington.

The Iraqi government is facing some opposition to the survival of U.S. forces in Iraq, especially from the Sadrist movement, which threatened earlier to revive its military wing, called the "Mahdi Army" in the case of the survival of U.S. forces in the country after the date of withdrawal.

A statement issued by the Presidency of the Republic, received The News Agency of Kurdistan (Rn) a copy of it, "decided to hold a meeting of leaders and heads of political blocs on the first Monday of August at six in the evening at the Peace Palace in Baghdad."

The statement added, "The Office of the President of the Republic invitations to the gentlemen leaders and heads of political blocs to attend a meeting." . did not mention the presidential statement on the purpose of the meeting of the leaders, but Prime Minister Nouri al-Maliki had said in previous statements that Iraq will take his position to extend the stay of American troops in Iraq after the due date or not by August / August. Under the agreement between Washington and Baghdad in 2008 does not allow the survival of forces U.S. military in Iraq after the scheduled date of withdrawal, and must have recourse both parties to conclude a new agreement if requested by Iraq from the U.S. to maintain a certain number of its troops.

U.S. review finds Iraq deadlier now than a year ago ...

Saturday, July 30, 2011

U.S. review finds Iraq deadlier now than a year ago

Frequent bombings, assassinations and a resurgence in violence by Shiite militias have made Iraq more dangerous now than it was just a year ago, a U.S. government watchdog concludes in a report released Saturday.

The findings come during what U.S. Special Inspector General for Iraq Reconstruction Stuart W. Bowen Jr. called "a summer of uncertainty" in Baghdad over whether American forces will stay past a year-end withdrawal deadline and continue military aid for the unstable nation.

"Iraq remains an extraordinarily dangerous place to work," Bowen concluded in his 172-page quarterly report to Congress and the Obama administration on progress — and setbacks — in Iraq. "It is less safe, in my judgment, than 12 months ago."

The report cited the deaths of 15 U.S. soldiers in June, the bloodiest month for the U.S. military in Iraq in two years. Nearly all of them were killed in attacks by Shiite militias bent on forcing out American troops on schedule.

It also noted an increase in rockets launched against the heavily fortified Green Zone in Baghdad, where government offices and foreign embassies are located, as well as constant assassination attempts against Iraqi political leaders, security forces and judges.

Additionally, the report called the northeastern province of Diyala, which borders Iran and has an often volatile mix of Sunni and Shiite Muslims and Kurds among its residents, "very unstable" with frequent bombings that bring double-digit death tolls.

Gimme Shelter Radio is the nightly live radio program of the private "Gimme Shelter" forum hosted by Phoenix. Show topics cover the global current events impacting us all. The live show airs nightly at 11pm EST. All past shows are on-demand.

Friday, July 29, 2011 ~ "On the Verge of .. Sudden Action " ...

Gimme Shelter Radio ~ Link http://www.blogtalkradio.com/phoenix3333

Yesterday's Show ~ Gimme Shelter Radio ~ 11:00 pm. est., Thursday, July 28, 2011 "The Test of Time" ...

Going Global Headline News for July 29th ...

And .. Check out Dinar Recaps ~ Link ~ When The News Isn't Enough ~ Rumors and (more) Up-to-the-second Happenings, Visit Big Bird and Friends @ Dinar Recaps ...

*** Maliki - Biden: political leaders may have to take a decision on the fate of U.S. troops

30/07/2011

Maliki Biden: political leaders may have to take a decision on the fate of U.S. troops

Alone in its affirmation of the, morning, Close to signing a deal with Washington to train Iraqi forces

بغداد – الصباح BAGHDAD - morning

New Prime Minister Nuri al-Maliki stressed that the Iraqi Council of Representatives is the one who ultimately determines whether the country needs U.S. forces to stay or not.

This came during a received a phone call from U.S. Vice President Joseph Biden, declaring that the leaders of political blocs might be able to make a decision on this matter at their next meeting.

According to a statement issued by the Office of the Prime Minister received the "morning," a copy of it, he has been through contact with an exchange of views in the latest political developments, and issues related to the subject of the withdrawal of U.S. troops at the end of this year, according to the agreement to withdraw troops.

For his part, reiterated U.S. Vice President U.S. support for Iraq, and stood by the Iraqi government in its response to the challenges of different internal and external, stressing the continuation of the cooperation relations strategic between the two countries.

The political source has announced that the assessment a comprehensive military will be presented at a meeting of political leaders before making a decision to stay or the withdrawal of U.S. troops from the country. Also discussed the leader of the coalition in Iraq, Iyad Allawi, with U.S. Vice President in a telephone conversation the future of US-Iraqi relations.

According to a statement to Allawi's office said "the two sides stressed the need to achieve stability and security in Iraq through the achievement of national partnership prompt according to the Convention on Arbil." The Allawi and Biden discussed the future of US-Iraqi relations and reviewed the latest developments in the political process in Iraq.

"Under the security agreement signed between Baghdad and Washington on the end of November of 2008 that it should withdraw all U.S. forces from all territory and waters and airspace of Iraq no later than December 31 of this year. and had withdrawn U.S. combat forces under the Convention of the cities, villages and towns of Iraq on 30 June of the year 2009.

30/07/2011

After postponed today because of the death of the mother of Barzani

The sources said the meeting which was scheduled for Saturday was postponed because of the death of the mother of Kurdish regional President Massoud Barzani."

And said Abbas al-Bayati MP for a coalition of state law, the "morning" end of last week, said the leaders' meeting will discuss the three files, noting that "the next meeting is important to be discussed from the files, and that all leaders have declared their willingness to Houdorhma meeting which will discuss three key themes on her head national position of the U.S. withdrawal and the second implementation of the Convention on the remains of the Irbil, including the National Council for the strategic policies the Supreme, it's the third file is the security ministries."

For its part, said a spokeswoman for the Iraqi List, Maysoon al postpone today's meeting. Damluji noted in a statement carried Alsumaria News Agency, that "the Iraqi List, waiting to determine the President of the Republic set a new date for the meeting," confirmed its willingness to attend.

And declared the presidency, last Tuesday, the postponement of the meeting of leaders of political blocs, which was scheduled Thursday to Saturday, attributed the reason to concern the meetings of the House of Representatives, noting that the decision came at the request of a group of those blocks.

Going Global Headline News for July 29th ...

July 30th Additions

*** Maliki - Biden: political leaders may have to take a decision on the fate of U.S. troops

Iraq's Saturday Meeting Postponed Today Because of the Death of the Mother of Barzani ...

*** IRAQI LEADERS REACH DEAL ON CABINET REDUCTION ...

Gimme Shelter Radio ~ 11:00 pm. est., Friday, July 29, 2011 "On the Verge of .. Sudden Action " ...

Saturday ~ Iraq PM due before MPs as US troop talks cancelled ...

Saturday, July 30th ~ Look For ...

Senate rejects House-approved debt bill without any debate on merits

Parliament Resumes Saturday ~ House of Representatives will discuss the government program and host-Shahristani, the oil minister and electricity

Obama urges Senate to forge compromise on debt limit, rejects House efforts ...

Rating depends on economy, deficit cuts: Moody's

If No Debt Deal, U.S. Will Lay Out Plan

Bank Deal ~ Iran, Iraq, and Turkey sign bank agreement

Zebari ~ Iraq and Chapter 7 ~ Delegation to Kuwait Soon ...

Are We Witnessing History in the Making ~ Will We See a New Global Governance and New Global Currency or a Debt Jubilee or WWIII? ...

** New Alliances for a New World System (Oct. 2009) ...

October 2010 ~ Global Currency? ~ Banking group calls for global currency ...

The G-20’s Secret Debt Solution ... 2008 Must Read ...

Deputy calls for chest and mediation to resolve the crisis Gulf Port Mubarak

July 29, 2011

Deputy calls for chest and mediation to resolve the crisis Gulf Port Mubarak

Baghdad, called leader of the Liberal bloc WIN within the Sadrist movement and the representative / National Alliance / Abdul Hussein Resan to third-party involvement or mediation Gulf resolve the crisis in Iraq and Kuwait on the port of Mubarak.

The Iraqi government has asked the Kuwaiti side stop working create a port Mubarak, while ensuring that the rights of Iraq in the shipping lines and sail free and safe in the shared water are not affected, and the Kuwaiti government refused to stop the construction of this port.

Said Resan (for the Agency news) Friday: The Kuwaiti government was considered statement of their Iraqi counterparts "negative" and refused to Iraq's request to stop the Port Mubarak.

Advised Resan said, Iraq has to take a number of ways to diplomatic pressure on Kuwait before resorting to the courts and international conventions, calling for the introduction of Gulf states as a third party to mediate with KUWAIT (such as Saudi Arabia, UAE, Qatar).

He noted that the diameter have the possibility of diplomatic able to ease the lot of the subject, he said, Resan "of solutions also resort to the United Nations formally, or states that have an economic effect, or enter directly to negotiations on the port Mubarak and concessions from both sides, away from the language he used spasm which launched by some leaders.

http://www.ikhnews.com/news.php?action=view&id=17303

Saturday ~ Iraq PM due before MPs as US troop talks cancelled ...

Snip ~ Mussawi said that a meeting of political leaders to debate whether or not any American soldiers should stay on, originally scheduled for Saturday, was indefinitely delayed.

July 29, 2011

Iraq PM due before MPs as US troop talks cancelled

Baghdad, Prime Minister Nuri al-Maliki is due to make a rare appearance before Iraq's parliament on Saturday to push a plan for downsizing a bloated government that critics accuse of inaction.

An aide to Maliki, meanwhile, said a meeting of political leaders to discuss the looming issue of whether US troops should stay in Iraq beyond a year-end withdrawal deadline had been cancelled, although American officials have urged counterparts in Baghdad for an early decision.

"Nuri al-Maliki will be at parliament tomorrow to explain how he intends to reduce the number of ministers, and also to present a new programme for the government," Ali Mussawi, a media advisor to the premier, told AFP on Friday.

Saturday, July 30th ~ Look For ...

July 30th ~ Saturday Evening ~ Postpone the meeting of leaders of political blocs to Saturday evening

Saturday, July 30th, Iraq Political Blocks Will Meet ~ Political blocs meeting next Saturday

And ... Other Things ...

Before July 31st ~ New Currency Officially Introduced in Sudan ... New Currency Will be Traded Before the End of this Month !!

*On August 1st ~ Warren to leave U.S. consumer financial agency, And Without a director the bureau can not exercise all powers of Dodd-Frank Law

Senate rejects House-approved debt bill without any debate on merits

Friday, July 29, 2011

Senate rejects House-approved debt bill without any debate on merits

In an unforgiving display of partisanship, the House approved emergency legislation Friday night to avoid an unprecedented government default and the Senate scuttled it less than two hours later.

The final outcome — with the White House and Senate Democrats calling anew for compromise while criticizing Republicans as Tuesday's deadline drew near — was anything but certain.

"We are almost out of time" for a compromise, warned President Barack Obama as U.S. financial markets trembled at the prospect of economic chaos next week. On Wall Street, the Dow Jones industrial average was down for a sixth straight session.

The House vote was 218-210, almost entirely along party lines, on a Republican-drafted bill to provide a quick $900 billion increase in U.S. borrowing authority — essential to allow the government to continue paying all its bills — along with $917 billion in cuts from federal spending.

It had been rewritten hastily overnight to say that before any additional increase in the debt limit could take place, Congress must approve a balanced budget-amendment to the Constitution and send it to the states for ratification. That marked a concession to tea party-backed conservatives and others in the rank and file who had thwarted House Speaker John Boehner's attempt to pass the bill Thursday night.

"Today we have a chance to end this debt limit crisis," Boehner declared, his endgame strategy upended by rebels within his own party.

But the changes he made to the House GOP bill further alienated Democrats. And they complicated prospects of a compromise that could clear both houses and win Obama's signature by next Tuesday's deadline.

At the other end of the Capitol, Senate Democrats scuttled the measure without so much as a debate on its merits. The vote was 59-41, with all Democrats, two independents and six Republicans joining in opposition.

Senate Majority Leader Harry Reid, D-Nev., had an alternative measure to raise the debt limit by $2.4 trillion, enough to meet Obama's terms that it tide the Treasury over until 2013.

07/28/2011

House of Representatives will discuss the government program and host-Shahristani, the oil minister and electricity

Baghdad, House of Representatives voted in the fourteenth regular session held under the chairmanship of Osama Najafi, Chairman of the Board of Representatives and the presence of 245 deputies on Thursday not to withdraw confidence from the Electoral Commission for elections proceeded with discussion of the government program.

Baghdad, Voted House of Representatives in regular session fourteen, which was chaired by Osama al-Chairman of the Board of Representatives and the presence of 245 deputies on Thursday not to withdraw confidence from the Electoral Commission for elections in proceeded to discuss the government program.

According to a statement of the Department of Media Council of Representatives, received the Agency (news) a copy of it today Thursday: that at the beginning of the meeting initiated by any of the Quran presented Nujaifi condolences of the Council of Masoud Barzani, on the occasion of the death of his mother, then read the Al-Fatihah memory of the spirit of the deceased.

The statement on the vote of the Council not to exempt the President and members of the Electoral Commission for elections after DAI request exemption the approval of 94deputies out of 245 deputy without achieving an absolute majority.

Promised Nujaifi the voting process as the exercise of democracy appear convinced of parliamentary blocs to their positions over the Commission, noting that the Council will amend the law on the work of UNHCR and the election of a new commission.

Rating depends on economy, deficit cuts: Moody's

July 29, 2011

Rating depends on economy, deficit cuts: Moody's

New York, Moody's Investors Service will decide whether to downgrade the United States' Aaa rating based on the country's economic performance in 2012 and prospects for future deficit reduction measures, analyst Steven Hess said on Friday.

"If we're convinced that the economy takes off in 2012 and shows very strong growth, that makes the whole process of fiscal consolidation somewhat easier," Hess told Reuters in an interview.

Moody's said earlier on Friday it expects to affirm the U.S.' Aaa rating with a negative outlook once lawmakers reach a debt deal in Washington and as long as the Treasury does not default on the debt.

That statement was intended at clarifying Moody's position on U.S. ratings, said Richard Cantor, Moody's Chief Risk Officer, in the same interview.

"Sometimes there is confusion and all the ratings agencies are grouped together," he said.

http://www.newsmeat.com/news/meat.php?articleId=105228460&channelId=2951&buyerId=newsmeatcom&buid=3281

If No Debt Deal, U.S. Will Lay Out Plan

July 28, 2011

If No Debt Deal, U.S. Will Lay Out Plan

The U.S. Treasury will lay out a plan in the next few days about how the government will operate if it appears Congress may miss an Aug. 2 deadline to raise the U.S. debt ceiling, U.S. officials said Wednesday.

Republican and Democratic lawmakers are rushing to rework competing plans to lift the $14.3 trillion debt limit and cut the deficit as time runs out to secure a deal by Tuesday, when the federal government loses its authority to borrow.

``Treasury will provide more information as we get closer to Aug. 2 regarding how the government would operate without new borrowing authority if the debt limit is not increased,'' said a Treasury official, speaking on the condition of anonymity.

White House press secretary Jay Carney separately told reporters that Treasury was taking the lead in working out the details of what happens if there is no deal on the debt limit.

``As part of due diligence and responsible governance, they have to make those assessments, and at some point closer to Aug. 2 there would be a discussion of that,'' he said.

July 29, 2011

Iran, Turkey, Iraq ink $200m deal to establish joint bank

TEHRAN - Iran, Turkey, and Iraq have signed a memorandum of understanding to invest $200 million to establish a joint bank.

The MOU was inked on Thursday on the sidelines of the Tehran international construction fair (Confair 2011), the Fars News Agency reported.

The agreement is meant to facilitate capital flows in economic transactions between the three nations.

The central branch of the bank will be located in Tehran, but Turkey and Iraq will also be allowed to open branches.

On Friday on the sidelines of Confair 2011, the Turkish ambassador to Tehran said the value of trade between Iran and Turkey has surpassed $11 billion over the past year.

Ambassador Umit Yardim added that the two neighboring states are trying to increase the volume of their trade to $15 billion annually by the end of 2011, IRNA reported.

Yardim also said that Tehran and Ankara plan to elevate the value of their bilateral trade to $30 billion annually in the next five years “by using their regional capabilities.”

Iranian First Vice President Mohammad Reza Rahimi previously said that Iran and Iraq have agreed to make efforts to increase the volume of their bilateral trade to $20 billion in the near future.

“We agree to increase the value of mutual economic and trade exchanges, which is expected to reach $10 billion by the end of the current year, to $20 billion in the near future,” Rahimi told reporters in Baghdad on July 7, Press TV reported.

http://en.trend.az/capital/business/1911788.html

Zebari ~ Iraq and Chapter 7 ~ Delegation to Kuwait Soon ...

Thursday, July 28, 2011

Iraq to send a commission to Kuwait over Al Mubarak port, Iraq FM

In the first official reaction regarding establishing Al Mubarak Kuwaiti port, the Ministry of Foreign Affairs affirmed that Iraq sent an official request to Kuwait to stop construction works in the port until getting enough information about it and about its effect on Iraq from the counseling commission formed in this regard.

“Cabinet expressed the government’s concerns regarding this project and called to stop its works temporarily until getting all the needed information. The suggested plan now is to send a second commission to Kuwait.

The commission will be formed from experts and specialists in all fields and from different ministries in order to deal with this issue in a way that serves the interests of both countries.

One shall not forget that Iraq is engaged to international decisions and to the binding nature of the seventh chapter. Therefore, we respect the sovereignty and the liberty of Kuwait in pursuing its interests. This commission was approved by Kuwaitis and it will start its works soon”, said Hoshiar Zebari, Iraq Minister of Foreign Affairs.

Are We Witnessing History in the Making ~ Will We See a New Global Governance and New Global Currency or a Debt Jubilee or WWIII? ...

March 8, 2011

READ THE ARTICLES BELOW AND NOTICE THE TIME LINE ... kel

November 18, 2008 ~ Snip ~ In addition to his Global Poverty Act, which could pass Congress in a lame duck session or after President Obama takes office, the Jubilee Act is also being pushed for the benefit of other nations of the world. It would cancel as much as $75 billion in debt owed by foreign countries. The total of the two measures is $920 billion. ~ G20 Meeting - November 2008 - The Toast To - The New Global Financial Order ...

Sunday, September 20, 2009 - Without debt relief, the developing world has little hope of economic progress, say the REV. JOHN WELCH and RUTH MESSINGER ~ September 2009 ~ Sunday G-20 Forum: Lift the debt burden on poor countries ...

September 2010 ~ President Obama's finance team is recommending a transaction tax. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transaction at any financial institution i. e. Banks, Credit Unions, extra. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged.This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax. ~ HELLO ~ One percent transaction tax is proposed ~ HR 4646-The Debt Free America Act ...Where will you be on November 2nd?

AND - THIS WAS THE POST ABOUT CAMP DAVID MEETING WHICH NEVER HAPPENED .. BUT, IT COULD HAPPEN OR WE MIGHT SEE AN EMERGENCY GLOBAL ELITE MEETING ...

Obama May Summon Lawmakers to Camp David to Salvage Debt Talks

October 2008 ~ Global Summits Planned to Tackle Economic Crisis ...

Business as usual at Camp David

G20 Meeting - November 2008 - The Toast To - The New Global Financial Order ...

November 9, 2008 ~ 2 years ago ~ Beginning of Financial Global Overhaul - Emerging G20 Consensus on Solutions to Crisis ...

Oct. 2010 ~ Opening October 23rd ~ Bush Archives Sneak Peek At Dallas Exhibit ...LINKS - GLOBAL ECONOMY - GLOBAL CURRENCY ...

A New Global Economic Policy Will Be On the Table at a meeting in the American town of Bretton Woods ...

Unreported Soros Event Aims to Remake Entire Global Economy (article 3-23-2011)

Retail Currency Investing: The Three Secrets to Success

July 29, 2011

In the global capital markets, the "forex" (foreign-exchange, or "FX") market is where the real action is.

It trades continuously - 24 hours a day - on weekdays. And it dwarfs the stock-and-bond markets.

Average daily turnover in the global forex markets is greater than $4 trillion. Daily trading volume at the New York Stock Exchange trades about $25 billion, meaning the world's FX market dwarfs the United States' single-biggest stock exchange.

Even the bond market - which includes the average-daily-trading volume of more than $800 billion in the U.S. portion - is eclipsed by its forex counterpart.

In fact, you could combine the daily trading volume from all the world's stock exchanges - and still not equal the daily activity in the worldwide FX market.

Even the bond market - which includes the average-daily-trading volume of more than $800 billion in the U.S. portion - is eclipsed by its forex counterpart.

But as a veteran of this market, it's the stories I get to hear firsthand that fascinate me the most. That's why I so enjoy speaking at the forex conferences that are held all around the world.

Take the last big currency event that we held, where I met a high-tech-firm CEO whom I'll refer to as "John."

When I met John, he was just about to sell his very prosperous business for a rather large sum of money - millions of dollars, in fact.

When the sale closed, John wanted to take the proceeds and use them to trade in the currency market. So he sought my advice.

I asked John how much cash he wanted to put in his first currency-trading account.

After checking to make sure no one was listening, John cleared his throat, leaned closer and whispered: "$1 million to $2 million dollars."

I immediately knew that every FX dealer in the world would want John's business.

But that doesn't mean every FX broker can - or even should - handle his account. So over dinner, I carefully explained to John exactly what he should look for in a currency broker.

The same is true for any currency investor - whether you're opening a $2,000 account or $2 million account: If you're going to succeed as a currency investor, there are three secrets you need to understand. You need to:

•Know who regulates your prospective broker.
•Make sure your firm has the financial muscle to stick around for the long haul
•Only do business with firms that conduct themselves the "right way."
If you're like me, you'll be just as protective with $2,000 as my friend John would be with $2 million, so it's definitely worth understanding these three secrets.

Let's take a closer look...

Secret #1: Know Who Regulates Your Prospective Broker

Trust me - you want someone looking over your broker's shoulder. It's in your best interest that someone is watching your broker. That means that your forex broker must be regulated by one or more entities that ensure strict regulation.

The good news is it's easy to know if your broker is regulated or not. Just check their location.

If your broker is regulated by authorities in the United States, United Kingdom, Canada, Hong Kong, Japan, Switzerland or Australia, then you can be reasonably certain your broker is properly regulated. And if your broker just does business in any of these places, he should be properly regulated.

However, if your broker is in Cypress, Belize or places like this, then you need to check and double check to make sure your funds are safe.

So I suggest choosing a highly-regulated broker based out of one of the well-regulated countries above.

After all, would you want to live in a city with no police? How about a very small, lax police force in a huge city? Personally, I wouldn't want either one of those. But that's what you have if you choose an FX dealer in the wrong country.

As I told John this, he started jotting down all my respective countries for consideration. I suggest you do the same.

Secret #2: Make Sure Your Broker Has the Funds to Back You
Next step: Make sure your FX dealer has the funds to stay in business over the long haul.

But this is much easier than it sounds. If you chose a broker from a highly regulated country, then it's very likely that this broker already meets the minimum capital requirements to do business.

The only consideration that remains is whether your potential Forex broker has deep enough pockets to cover millions of dollars in trading, or is it a relatively new firm that barely meets the minimum capital requirements?

For instance, here in the U.S. back in 2009, the National Futures Association (NFA) ramped up the net capital requirements for U.S. forex firms. To stay in business, all FX firms now must have at least $20 million in assets.

That killed a lot of the small fish here in the United States. So be sure to ask how much your firm holds in excess cash reserves.

Also keep in mind there are some monster whales in the United States that have $125 million or more in cash. With these huge FX dealer firms available, I suggest you go with one of the largest, well-capitalized firms.

Secret #3: Use a Firm that Does Business the "Right Way"

The final question you should ask is: "How does your prospective broker do business?"

Do they care about their clients?

In the forex-trading world, that usually comes down to another question: Is your prospective broker a "dealing desk broker" or a "no-dealing desk broker?"

Dealing desk brokers take the other side of your trade. In other words, if you buy the EUR/USD, they will sell the EUR/USD. So your loss is their gain.

On the other hand, your gain is their loss. See the potential for conflicts of interest?

No-dealing desk brokers do not take the other side of your trade. They typically have a "pass through" model of doing business. That means they take your order and pass it through to one of the major interbanks.

They get paid a small fee regardless, so they don't care if you win or lose on your trade. Your loss is not their gain.

However, ideally they'd want you to win, because winners continue trading longer. These brokers earn their living when you trade, so they want you to trade for a long time. I prefer this type of "no-dealing" broker for that very reason.

So when you are looking into a broker ... don't just look at how pretty their Website is or how many bells and whistles they have.

Determine whether or not they are regulated, where they are regulated, and to what degree. Find out how much excess capital they have after meeting their regulator's minimum requirements. Then make sure they have a "no-dealing desk" business model.

Again, take your time and pick the right broker. You won't regret it.

My friend John sure didn't.

By Sean Hyman, Forex Strategist, Money Morning

A U.S. Debt ~ and Prestige ~ Downgrade? (article July 29th) ...

July 29, 2011

A U.S. Debt ~ and Prestige ~ Downgrade?

Even if lawmakers in Washington are able to reach agreement to avoid default (Politico) ahead of the August 2 deadline, it may not be enough to stop leading credit rating agencies from downgrading the United States from its AAA rating. The three leading agencies – Standard and Poor's, Moody's, and Fitch – have indicated that if the United States does not implement a "credible" (Bloomberg) and comprehensive deficit-reduction package that would see savings of around $4 trillion over the next ten years, a downgrade of U.S. Treasury debt could be imminent.

Economists, analysts, and investors have warned that such a move would raise U.S. borrowing costs and slow overall growth, with global economic repercussions.

"The fundamental conditions are there for a downgrade," says Uri Dadush, a senior associate and director at the Carnegie Endowment International Economics Program. "The United States shares an AAA rating with countries like Germany, France, and the UK," Dadush explains, "all of which have significantly lower debt levels – and a better debt trajectory – than the U.S."
S&P President Deven Sharma (LAT) told a congressional hearing July 27 that agency analysts did not think the United States would default, but faced the prospect of a downgrade because of Washington's inability to agree on spending cuts and revenue increases.

A downgrade's impact on U.S. Treasury yields could increase the government's interest payments by as much as $100 billion per year (Bloomberg), said Terry Belton, global head of fixed income at JPMorgan Chase. Belton added that the size of the increase depends on how much longer the Washington political stalemate drags on over a deficit agreement. Pacific Investment Management Co. CEO Mohamed El-Erian said Congress will likely raise the debt ceiling before the United States defaults, but the country still faces a significant risk (NYT) that it will be downgraded.

"A downgrade would mean a weaker dollar, somewhat higher interest rates anda further blow to the already fragile national economic confidence," said El-Erian. Global investors are beginning to lose faith in the dollar, which could weaken its position in global trade as the world's reserve currency, writes Reuters' Steven Johnson.

Other analysts remained less sure on the market impact of a downgrade. "I see a downgrade as being inevitable," Peter Cohan, a financial analyst and head of venture capital firm Peter S. Cohan and Associates, told the Daily Beast. But, he said, what remains unknown is "whether markets see that as being significant." CBS' Carla Fried argued that its impossible to know "what impact a credit downgrade would have on our financial lives." She outlined six possible ways that a downgrade could affect the U.S. economy: borrowing costs could rise by $100 billion; variable rates tied to government benchmarks could rise; mortage rates could rise; mortage-backed bonds could also face a downgrade; money market mutual funds could come under pressure; and the price of foreign goods could rise.

A downgrade of U.S. sovereign debt would also put government-backed agencies, banks, and insurers at risk (CNN) of being downgraded. Even non-financial U.S. corporate borrowers that maintain an AAA rating would be in jeopardy. Though, S&P said that if Congress raises the debt-ceiling but still gets downgraded slightly (WSJ) to a rating of, say, AA, they don't expect "significant market disruptions."

Deutsche Bank's Alan Ruskin told the Economist that a one notch downgrade is "unlikely to be a global contagion event, and global risk appetite should not take a sustained hit, beyond the immediate U.S. equity market reaction in the days immediately surrounding the event."
Selected Analysis:

A downgrade of U.S. Treasury debt may not be "catastrophic," but it is a sign of U.S. fiscal mismanagement and an indicator of things to come, says a Wall Street Journal editorial.

The prospect of a U.S. debt downgrade could deal a psychic blow to the country and presidency, at a time when concern is already mounting about China's rise, write Politico's Carrie Budoff Brown and Ben White.

While markets may become more volatile in the immediate aftermath of a one notch downgrade of U.S. debt, investors and borrowers should be able to ride it out, says this analysis by Tara Siegel Bernard in the New York Times.

Financial analysts Janet Tavakoli argues in Business Insider that "the current 'AAA' rating of the United States is not on merit, but it is a convenient fiction for the global financial markets, because no one yet has an alternative."