Sunday, July 13, 2014

What will really happen when the Yellowstone supervolcano erupts?

What will really happen when the Yellowstone supervolcano erupts?

 

 

Annalee Newitz


5/17/13

What will really happen when the Yellowstone supervolcano erupts?Expand
Lurking beneath Yellowstone National Park is a massive underground reservoir of magma, capped by the park's famous caldera. 640,000 years ago, a super eruption rocked the region. What would happen if another such event blasted the park today? We asked USGS geologist Jake Lowenstern, scientist-in-charge of the Yellowstone Volcano Observatory.
Photo by Nina B via Shutterstock
Most volcanic activity in Yellowstone would not qualify as "super eruptions," in which 1,000 km3 or more material is ejected from a volcano. Lowenstern told io9 that supervolcanoes are "very large, single eruptions" that usually last for about a week. But, unlike what you'll see in certain television specials and Hollywood films, even a super eruption at Yellowstone wouldn't endanger the whole United States. It also wouldn't cause the kind catastrophe you might expect.
Damage from the Super Eruption
A super eruption might come fast and the Yellowstone magma source is enormous. But don't expect walls of lava pouring across the continent. Lava flows would be likely be "within the vicinity of the park," Lowenstern said, limited to a 30-40 mile radius. When a volcano erupts, he added, at least a third of the liquid rock that's ejected falls right back into the volcano's maw. The rest lands nearby, or goes up into the atmosphere.
Further evidence that the Yellowstone megavolcano could blow without warning
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A seismology student from the University of Utah is claiming that the volume of molten magma…Read moreRead on
Most of the real damage comes from ejecta that's airborne. But it's not fiery death from above. Instead, most damage would come from "cold ash" and pumice borne on the wind. Lowenstern and his colleagues consider it "disastrous" when enough ash rains down that it creates a layer of 10 or more centimeters on the ground — and that would happen in a radius of about 500 miles or so. This ash might reach so far that you'd see a fine dusting of it on your car in New York.
Air traffic would be grounded, of course, as we saw after the 2010 eruption in Iceland. But mostly this ash would pollute farms in the midwest, as well as the Mississippi River. In a sense, it would be like an industrial accident, clogging waterways and agricultural areas with toxic sludge. The worst outcome of this event would be the destruction of our food supplies and waterways.
Artful Video Captures The Terrible Beauty Of Eyjafjallajökull's
A little over a week ago, a videographer visited the site of Icelandic volcano Eyjafjallajökull to…Read moreRead on
What would it look like?
A super eruption, like all volcanic eruptions, begins with an earthquake. "A lot of earthquakes have to occur to break the rocks and allow magma to get to the surface," Lowenstern said, adding that we'd need some big ones in the weeks or months leading up to the eruption. That means there would be many warning signs before it happened — this eruption wouldn't come out of nowhere.
Next, enormous vents or fissures in the Earth would break open near the caldera, perhaps in a ring around it or maybe as far as 10 kilometers away. Lava and superheated gasses would shoot out of these vents very rapidly, draining the magma reservoir beneath the caldera. As the the magma quickly drained, the caldera would begin to crumble. Eventually, it would collapse in an oval-shaped sinkhole that might be roughly 50 miles long by 30 miles wide.
What will really happen when the Yellowstone supervolcano erupts?1
What is the wide is the Caldera?
John J. Emerson

After the vents released their gasses and the ground collapsed, it's likely that we'd see a global effect on temperatures. "Any big eruption causes a cooling of the atmoshpere, especially especially with that much ash," said Lowenstern. In 1812, the Mount Tambora super volcano eruption in Indonesia lowered global temperatures. A caldera-forming eruption in Yellowstone would be bigger than the one in Tambora, so climate change would almost certainly follow. The cooling, however, would only last for a few years.
Lowenstern said there's no reason to expect that we'll have an eruption of this size any time soon, especially because the caldera has gone through many regular eruptions that release pressure. "It may be done, or it may move on to another area," he said. "In a couple million years, [the volcano] might start in the northeast." As continental plates shift, so too do volcanoes — so the Yellowstone supervolcano might not go off until it's far beyond the area we call Yellowstone today. "A more likely eruption is going to be a lava flow, a small event," Lowenstern said.
Are there signs of an impending eruption? 

THE BELOW IS FROM 1 YEAR AGO..... BUT INFORMATION NEEDS TO BE KNOWN..... 
Currently, the Yellowstone caldera shows no signs of preparing for a super eruption. That doesn't mean that there aren't regular earthquakes in the area — that's just a natural part of being in a volcanic region. And the caldera itself rises and falls all the time, the ground moving up and down as pressure increases and decreases in the magma reservoir below. "It rose about 27 centimeters max over the past 6 years," Lowenstern said. "Calderas are big and hot, so they don't break very easily and they just move up and down. It's the way heat and gas get out of these deep systems — the system breathes."
He added that if a super eruption were coming, "you'd need extraordinary activity," something that went way beyond centimeters of movement and a few small quakes. Right now, the Yellowstone caldera is breathing normally, exhibiting behaviors typical of any massive hydrothermal system. Lowenstern and the team of scientists at the Yellowstone Volcano Observatory are constantly studying the caldera, looking for changes and working on projections of what the next eruption might be like.
An eruption could "come at any time," Lowenstern admitted. But would it be a super eruption? Probably not. And even if it were, the damage wouldn't be the inferno you might be expecting. Instead of fleeing from hell on Earth, you'd just be slogging through lots and lots of ash cleanup.
If you want to know more about how supervolcanoes have affected the history of the planet, you can learn about that in my new book, Scatter, Adapt and Remember: How Humans Will Survive a Mass Extinction
WHY IF WE HAVE THE REPUBLIC BACK ARE THEY NOT TURNING OFF THE MANY HAARPS THAT ARE CAUSING THIS.... GO TO DUTCHSINESE'S SITE AND CHECK OUT HIS WHAT IS LIVE REPORT ON HAARP ACTIVITY TODAY.... SOMEONE GET GENERAL HAMM OUT OF HIS RECLINER....



  

HOW BAD IS BILLY BOP GATES....YOU DECIDE?

·  HOW BAD IS BILLY BOP GATES....YOU DECIDE??
·  PEOPLE YOU NEED TO KNOW THIS....HE IS NOT A GOOD GUY.... I CANNOT MAKE THIS UP!!!
·  I NEVER IMAGINED THIS GUY HAD DONE SO MUCH EVIL, AND KILLED SO MANY PEOPLE.
·  WHY IS THIS DIRT BAG NOT HANGING FROM AN OAK TREE??

·  Category Archives: Bill Gates

Bill Gates-Funded Birth Control Microchip (VIDEO)

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New York state authorities are planning to step-up surveillance - this time, on school kids. The program, which is to be launched state-wide, is supposed to gather information on students starting from the age of five. And as RT's Marina Portnaya reports, the move is finding little support among parents. RT

Gates Foundation/CFR Propaganda Against ‘Anti-Vaccine’ Movement Backfires

January 28, 2014   Bill Gates, Propaganda, Vaccines
"It is well known that in war, the first casualty is truth - that during any war truth is forsaken for propaganda." ~ Harry Browne The war against so-called 'vaccine preventable' diseases has a new frontier: the internet, and most recently The Council of Foreign Relations (CFR) has entered the fray with the publication of an ...

Vaccine Drone Strikes? (VIDEO)

January 13, 2014   Bill Gates, Drones, Vaccines
The Bill and Melinda Gates Foundation is donating large sums of money to deliver vaccines, via drones. ExperimentalVaccines

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According to a press release recently posted by the University of Washington, a new type of vaccine may soon be created that will allow for its immediate creation and application. This new vaccine, however, will be formed by using nanoparticles created from genetically engineered proteins. The researchers, who have already tested the vaccine in mice, are ...

Drones To Forcibly Vaccinate The Public?

Bill and Melinda Gates Foundation funds research into UAV vaccine delivery Many were alarmed to learn online retail giant Amazon was considering using drones to deliver products, however a proposed future use for drones is infinitely more sinister and concerning. In May 2012, a team of student researchers at Harvard-MIT Health Sciences and Technology scored $100,000 in ...

Deadly 5-in-1 Vaccine Kills At Least Eight Infants

Bill and Melinda Gates Foundation is funding vaccination program In a press release issued on November 12, 2013, the human rights organization Peoples Union for Democratic Rights (PUDR) stated that between September and October 2013, eight infants had died and many more had been seriously injured after they had received the pentavalent (5-in-1) vaccination. PUDR reported that ...

Gates Foundation Pushing Deadly Contraceptives On Black Populations

The Bill and Melinda Gates Foundation is taking fire from leaders of Black organizations and human rights advocates for funding and promoting a new form of the controversial contraceptive Depo Provera, particularly aimed at women in Africa and developing countries. Melinda Gates, wife of Microsoft billionaire Bill Gates, recently told the New York Times that ...

Look Who Funded and Developed “Common Core” Education

After reading this article, the reader will become aware that Common Core is a simply a regurgitation of Bloom’s Taxonomy combined with some very clever propaganda interwoven into the fabric of every course which embraces social justice, collectivism the eventual deindustrialization of America through the acceptance of climate change theories and the resulting carbon taxes ...

The (Bill) Gates Of Hell Foundation

Why mince words when the planet’s being destroyed and we’re all being systematically murdered? When it finally dawns on you what these New World Order elite globalists are up to it can be staggering. And it can’t be more in your face than it is right now. We have chemtrails continually ‘playing’ on the world’s biggest screen, ...

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Bill Gates: Obama Needs To Have More Power

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 FOUR (4) MORE PAGES ON THIS SCUMBAG.... AND HIS ROTHSCHILD WIFE MELINDA...
JUST GETTING STARTED....THIS IS UNBELIEVEABLE...GET THIS OUT...

Page 1 of 5   12345   

Eagle1

Tonights information from a friend: "This from Eagle1 - Trigger will be pulled Sunday. Rates to be released on Tuesday."

just received email from out of the blue

The Rumor Mill News Reading Room 
just received email from out of the blue
Posted By: in2thelight [Send E-Mail]
Date: Sunday, 13-Jul-2014 18:02:23

Dear folks,
I have been in the programs for 22 years and
I have never lost faith that this would happen
one day. I had the great fortune of talking with
Mike K. long ago and he clued me in to what would
have to transpire before the funding could happen.
I have also had several significant dreams that have
kept me informed as to the progress of our dreams.
So, out of the blue I received an email from someone
that is close to one of the pay masters from one of
the programs. It was stated," this is going down.
Your Life and this world are about to be changed
forever. You are about to embark on the greatest
journey in the history of the Earth.
Congratulations, you made it"
So, I share this with you, as I was asked to.
Luminous Blessings, Jonathon 

Dinar Update 2p Sunday

Please dont tell me this is in the wrong forum - This is major News "Intel" and in mainstream too! Announcements and times given! WhooooHoooooo
This is the "road" to the GCR IMO... soo many in sinc... signs signs everywhere are signs...
Global markets are likely to receive fresh verbal policy signals in the week to 18 July
with the chiefs of the European Central Bank (ECB), the Federal Reserve, Bank of Japan (BoJ), and the Bank of England (BoE) scheduled to speak at separate events.
The previous week was marked by easing in Iraq-related tensions, but fears of a banking crisis in Eurozone following a funding issue at Portugal's largest bank Banco Espirito Santo had weakened shares and strengthened safe haven assets
The latest assurances by Espirito Santo have ebbed fears of an EU-wide banking crisis, helping the dollar stabilise against the yen. Crude oil prices have fallen and gold has stopped rallying by the end of the last week.
Global markets are now waiting for fresh interest rate cues from major central banks making the upcoming week a significant one.
The BoJ and the Reserve Bank of Australia (RBA) will provide the details of their latest rate setting meetings, the former in the form of a monetary policy statement and the latter as the minutes of the meeting.
ECB President Mario Draghi will speak on Monday 14 July at 17:00 GMT, and the next day, (the 15th),  BoE's Mark Carney at 9:00 GMT, and Fed's Janet Yellen at 14:00 GMT. RBA's minutes and BoJ's statement are also due on Tuesday itself, and the BoJ chief Kuroda will address the press after the statement release.
From the G10 world, the Bank of Canada is the only central bank scheduled to convene for policy review this week. On 16 July, the BoC is expected to leave the main lending rate at 1%.
    Rate decisions by South Africa, Brazil and Chile are also due in the week. South African Reserve Bank (SARB) has its main lending rate at 5.5%, Central Bank of Chile (BCCH) at 4%, and the Central Bank of Brazil has it at 11% currently.
The US Fed's Bullard is also scheduled to speak this week, on Thursday at 17:35 GMT

RBA's minutes and BoJ's statement are also due on Tuesday itself, and the BoJ chief Kuroda will address the press after the statement release.
From the G10 world, the Bank of Canada is the only central bank scheduled to convene for policy review this week. On 16 July, the BoC is expected to leave the main lending rate at 1%.
Rate decisions by South Africa, Brazil and Chile are also due in the week. South African Reserve Bank (SARB) has its main lending rate at 5.5%, Central Bank of Chile (BCCH) at 4%, and the Central Bank of Brazil has it at 11% currently.
The US Fed's Bullard is also scheduled to speak this week, on Thursday at 17:35 GMT.

(Call me crazy but I sure think this is it!)http://www.ibtimes.co.uk/central-banks-watch-yellen-draghi-carney-kuroda-speak-boc-set-rates-1456410

If you think this is just about Lending rates think again... this all goes hand in hand! Have you ever seen the world doing this in sinc before??? Believe what you want but I see this as huge! Do you really think they will announce a GCR? No, but this is what is going on and this is the time for you to get out of your old box thinking and think a lil ahead... my op of course but my spirit is soaring with this news! It all leads up to something... tie this in with everything else we have read... Brics, Parliament, etc ... like I said call me crazy but this is going to the final curtain imo ... there are more signs out there if you look ;)

This Story Of A Dog’s Last Day On Earth Is Beautiful And Utterly Heartbreaking

This Story Of A Dog’s Last Day On Earth Is Beautiful And Utterly Heartbreaking


Identity theft ring a real Mickey Mouse operation

Crime & Courts

Identity theft ring a real Mickey Mouse operation


An identity theft ring in Washington was running a real Mickey Mouse operation.
Police in Bellevue, Wash., were investigating stolen construction signs last week when they stumbled upon an identity theft operation, KIRO-TV reported.
Among the hundreds of false ID cards and other documents recovered was a driver’s license belonging to Mickey Mouse, the beloved Disney character. The Washington state license says Mickey was born in 1928, lives on Disneyland Drive in Anaheim, Calif., is 5 feet, 2 inches tall and 110 pounds. He’s also an organ donor.
According to the station, on July 3 a resident of a condominium complex in Bellevue contacted a construction firm in the area to alert the company that signs had been stolen from a work site. The company then contacted police.
The investigation led police to three people, who were arrested on outstanding warrants. A fourth person was arrested after admitting to stealing the signs, investigators said, according to KIRO-TV.
Fake ID cards were found on one of the suspects, and police obtained a warrant for a search, which yielded 39 false ID cards and drivers' licenses, 67 fraudulent credit cards, 28 various false government ID cards, seven false Social Security cards and several hundred forged checks.

JUDGE DALE.....WOW!! EVERYONE NEEDS TO SEE THIS!!!

JUDGE DALE.....WOW!!
EVERYONE NEEDS TO SEE THIS!!!
THE-GREAT-AMERICAN-ADVENTURE.pdf

Date: Sun, Jul 13, 2014 at 1:29 PM

HOLD ONTO YOUR SHORTS....THIS IS REALLY SOMETHING!!!



KTFA's Backdoc: "Look Macro Not Micro"

KTFA's Backdoc: "Look Macro Not Micro"

07/13/2014
Post From KTFA By backdoc » July 13th, 2014, 2:44 am  •

THESE ARE MY OWN THOUGHTS AND OPINIONS:     LOOK MACRO NOT MICRO

WHAT AN INTERESTING WEEK WE HAVE JUST EXPERIENCED.

WE HAVE HAD RUMORS FLYING AROUND AND ARTICLES STIRRING THE POT UNTIL I BELIEVE I SMELL A ROAST ABOUT DONE IN THE SLOW COOKER.

TOWARDS THE END OF THE WEEK WE SEE OZ (Oz=IMF,WORLD BANK,U.S.TREASURY,AND CBI)  TALKING AGAIN. MMMM WHAT DOES HE SAY?

HE SAID WE HAVE ALL OUR ELECTRONIC PAYMENT SYSTEMS READY TO GO FOR INTERNATIONAL STATUS INCLUDING THE ISX STOCK EXCHANGE. THESE STATEMENTS ARE VERY PURPOSEFUL.
~~~

THIS IS OUR WARNING THAT THEY ARE READY TO SUPPORT THEIR RATE AS WE ALL KNOW BY NOW.

 I ALSO TOLD YOU IN THE PAST THAT THE WB,IMF,UST,AND TURKEY WILL SUPPORT, OR BACK THE DINAR ONCE IT TAKES VALUE!

A MIX OF OTHER ARTICLES HAVE CAUSED MANY OF THE SO CALLED GURUS TO START THEIR LIP QUIVERING AGAIN! LOL SORRY. BUT GUYS, REALLY?

 DID YOU THINK THEY WOULD COME OUT AND TELL YOU THAT THIS IS THE DAY THEY WILL DO THIS AND THESE ARE THE NEW LEADERS? REALLY? NOT!!!

AT LEAST I THINK IT WOULD BE HIGHLY DOUBTFUL BEFORE A RATE FLYS !! THIS WOULD BE TOO DANGEROUS FOR THEIR CURRENCY.

BY NOW WE ALL SHOULD HAVE AN UNBELIEVABLE CONFIDENCE IN THE EMPIRE AFTER THEY ACCOMPLISHED THE TROOP IMMUNITY AND A SIGNED SOFA AGREEMENT.

WE ARE ALREADY IN THE PENTHOUSE FOR GOODNESS SAKES!

IT’S EASIER TO SEE FROM UP HERE! IF YOU LOOK TO THE LEFT WE CAN SEE ALL KINDS OF ARTICLES CAUSING UNCERTAINTY RIGHT? WOW! IT’S SMOKEY OVER THERE FOR SURE.

IF WE LOOK TO THE RIGHT WE SEE KURDS ABOUT TO SECEED FROM THE COUNTRY RIGHT? SMOKEY THERE TOO.

IF WE BRING OUR EYES BACK TO THE CENTER WHERE THEY BELONG, WE SEE WHAT REALLY MATTERS.

IT’S ALL ABOUT THE MONEY. WE HAVE SEEN ARTICLES TELLING US THEY ARE STILL CONCERNED ABOUT THEIR BUDGET.

WE HAVE SEEN ARTICLES TELLING US THAT THEIR F-16 FIGHTER JETS ARE BEING DELAYED FOR LACK OF PAYMENT.

WE SEE ARTICLES TELLING US THAT THEY ARE HAVING TO BORROW JUST TO PAY ESSENTIAL SALARIES ECT.

AND NOW, TONIGHT WE SEE AN UNPRECEDENTED BANKING FORUM TAKING PLACE THIS UP COMING WEEK .

WITH ALL THAT HAPPENING MY ALARM BELLS JUST WENT OFF! WE HEARD EARLIER THIS WEEK A PORTUGUESE BANK IS IN FINANCIAL TROUBLE.

 THIS TYPE OF ISSUE MUST BE A CONCERN FOR THE EMPIRE TO MENTION IT OVER AND OVER! THE LAST THING THEY NEED IS A CONTAGION LIKE A LEMAN BROTHERS RIGHT NOW.

I’M SURE THERE IS GREAT ANTICIPATION WITH DISCUSSIONS ON INTEREST RATES AND HOW THE WORLD WILL ADDRESS THESE ISSUES GOING FORWARD.

EARLIER THIS WEEK WE SAW THE U.S. BOND MARKET AUCTION NOT DO WELL.

MMMMM COULD IT BE THAT AS THE TAPERING (REDUCTION OF MONEY PRINTING) CONTINUES, WE HAVE INCREASINGLY MORE SELLERS THAN BUYERS OF OUR TREASURIES ? YEP!

AS A FACT, FOR THE LAST FOUR YEARS CHINA HAS BEEN SLOWLY UNWINDING ITS’HOLDINGS OF OUR DEBT. CURRENTLY, THEY ARE DOWN TO 1.2 TRILLION LEFT.

AS THE FED CONTINUES TO WIND DOWN ITS’ PURCHASES OF OUR BONDS WE ARE SEEING SIGNS OF TROUBLE FOR OUR BOND MARKET.

YOU SEE, AS THE U.S. DEBT INCREASES TO ALMOST 18 TRILLION THE EMPIRE WILL HAVE TO PAY LESS TO THOSE WHO HOLD OUR DEBT JUST TO STAY AFLOAT !

THAT’S WHAT IS HAPPENING!! THE YEILD IS DROPPING AND THAT SPELLS TROUBLE!!

POSSIBLY THAT’S WHY THEY ANNOUNCED A COUPLE WEEKS AGO THAT THEY MAY NEED TO CHARGE EXIT FEES FOR ANYONE WANTING TO SELL THEIR BONDS!

MMMM SOUNDS LIKE THEY ARE ABOUT TO PUT A LOCK ON THE BACK DOOR.

WHERE AM I’M TAKING YOU? STOP LOOKING AT ALL THE ISSUES THAT COULD EASILY BE MANIPULATED BY THE MEDIA.

AT SOMETIME THE EMPIRE AND OZ WILL TEAM UP AGAINST US FOR OUR OWN GOOD.

IS THIS THE TIME? HIGHLY POSSIBLE WITH WHAT OZ HAS TOLD US THIS WEEK AND WHAT IS TO TRANSPIRE IN THE COMING WEEK WITHIN THE BANKING WORLD.

THERE ARE TOO MANY CRACKS IN THE WORLD FINANCIAL DAM TO STOP THE LAVA FLOW AS FRANK SAYS. THERE ARE MANY COUNTRIES SITTING ON CURRENCY SWAPS WAITING FOR PAYDAY WHEN THE DINAR TAKES VALUE.

I DOUBT WHATEVER THE AGREED TIME IS, IT WILL BE STOPPED.

 IF THE EMPIRE NEEDS TO TAKE DRASTIC MEASURES TO ACCOMPLISH IT, IT WILL. WE ALL HAVE WITNESSED MANY OF THOSE SITUATIONS IN THE PAST. SADAM,KUDAFI,HITLER, ECT.

NO ISSUE OR PERSON WILL STOP IT. STAY FOCUSED ON THE MONEY AND LET THEY EMPIRE DO IT’S JOB!

THE MAGIC DUST HAS BEEN SPREAD, IT'S WORKING IN SPITE OF WHAT WE ARE TOLD! WATCH THE MONEY PROCESS AND LOOK MACRO NOT MICRO !! DOC

THESE ARE MY OWN THOUGHTS AND OPINIONS:

by Sager » July 12th, 2014, 10:11 pm • [Post 64]

July 12, 2014

Central Banks Watch: Yellen, Draghi, Carney and Kuroda to Speak and BoC to Set Rates

Global markets are likely to receive fresh verbal policy signals in the week to 18 July with the chiefs of the European Central Bank (ECB), the Federal Reserve, Bank of Japan (BoJ), and the Bank of England (BoE) scheduled to speak at separate events.

The previous week was marked by easing in Iraq-related tensions, but fears of a banking crisis in Eurozone following a funding issue at Portugal's largest bank Banco Espirito Santo had weakened shares and strengthened safe haven assets.

The latest assurances by Espirito Santo have ebbed fears of an EU-wide banking crisis, helping the dollar stabilise against the yen. Crude oil prices have fallen and gold has stopped rallying by the end of the last week.

Global markets are now waiting for fresh interest rate cues from major central banks making the upcoming week a significant one.

The BoJ and the Reserve Bank of Australia (RBA) will provide the details of their latest rate setting meetings, the former in the form of a monetary policy statement and the latter as the minutes of the meeting.

ECB President Mario Draghi will speak on Monday 14 July at 17:00 GMT, and the next day, BoE's Mark Carney at 9:00 GMT, and Fed's Janet Yellen at 14:00 GMT.

RBA's minutes and BoJ's statement are also due on Tuesday itself, and the BoJ chief Kuroda will address the press after the statement release.

From the G10 world, the Bank of Canada is the only central bank scheduled to convene for policy review this week. On 16 July, the BoC is expected to leave the main lending rate at 1%.

Rate decisions by South Africa, Brazil and Chile are also due in the week. South African Reserve Bank (SARB) has its main lending rate at 5.5%, Central Bank of Chile (BCCH) at 4%, and the Central Bank of Brazil has it at 11% currently.

The US Fed's Bullard is also scheduled to speak this week, on Thursday at 17:35 GMT.

http://www.ibtimes.co.uk/central-banks-watch-yellen-draghi-carney-kuroda-speak-boc-set-rates-1456410

Iraqi provinces resorted to borrowing and lending and surpluses in 2013 to resolve the liquidity crisis

http://www.raialyoum.com/?p=119456

by walkingstick » July 10th, 2014, 4:12 pm • [Post 222]

U.S. official: Washington is ready to help in the formation of an inclusive government to end marginalization and uniqueness

Wednesday, July 10, 2014 22:58

http://alliraqnews.com/index.php/2011-04-18-02-57-37/138806-2014-07-10-19-53-13

walkongstick wrote on July 10th, 2014, 9:00 am:

Central uses the electronic payment system for the settlement of the instruments between governmental institutions and banking

Thursday July 10, 2014 14:56  
  LINK

  CBI News and announcements

( press release ) to develop the financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has taken the Central Bank of Iraq a number of actions in the automation of processes settlement instruments and payment orders between governmental institutions and banking electronically through the payments system of Iraq, which uses a network of safe and effective

/ 2014 7/10

http://www.cbi.iq/?pid=Home&lang=ar

by walkingstick » July 10th, 2014, 12:32 pm • [Post 174]

WRAPUP 2-China agrees to reduce FX intervention "as conditions permit"

Thu Jul 10, 2014 10:31am EDT

* China to reduce FX intervention when conditions ripe

* U.S. Treasury Secretary Lew say will be watching yuan in next few months

* Both sides agree to advance on bilateral investment deal by Dec (Adds remarks from U.S. Treasury Secretary, details)

http://www.reuters.com/article/2014/07/10/china-usa-cenbank-idUSL4N0PL1G720140710

by walkingstick » July 9th, 2014, 10:14 am •
US presses China on currency

AAP JULY 09, 2014 7:00PM

http://www.heraldsun.com.au/business/breaking-news/us-presses-china-on-currency/story-fnn9c0hb-1226983400151?nk=d293250bbb1d9911fd6dcce6d1f35e8b

by Sager » July 9th, 2014, 11:53 am • [Post 175]

World Bank chief backs launch of BRICS bank

http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank

by backdoc » July 13th, 2014, 12:20 am • [Post 87]

Vietnam central bank expects credit to double during rest of 2014

http://www.thanhniennews.com/business/vietnam-central-bank-expects-credit-to-double-during-rest-of-2014-28417.html


Iraq new sig/date (2013) 250- and 500-dinar notes confirmed

Jul 08, 2014 08:30 PM

http://banknotenews.com/

by Sager » July 10th, 2014, 3:53 pm • [Post 211]

Kurdistan Regional Government decided to disable the official working hours on Sunday and Monday of next week

Brief Moments In History --- Part 2 & 3

Reishi, the Mushroom of Immortality: Miraculous Health Benefits! Heal Cancer, Slow Aging, Regrow Hair, Control Diabetes,

The Rumor Mill News Reading Room 
Reishi, the Mushroom of Immortality: Miraculous Health Benefits! Heal Cancer, Slow Aging, Regrow Hair, Control Diabetes,
Posted By: LilliHart
Date: Sunday, 13-Jul-2014 11:45:55

Reishi mushrooms, or Ganoderma lucidium, is well-known as the King of Herbs and the Mushroom of Immortality. It has earned its reputation due to its ability to promote vitality and overall body balance, strengthening the immune system and preventing a wide range of diseases. Throughout Chinese history dating back 2000 years, Reishi mushrooms were widely used for medicinal and health purposes.
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The Dong's Revaluation Is Imminent By JC Collins

The Dong's Revaluation Is Imminent By JC Collins

07/13/2014
Economics:   The Dongs Revaluation Is Imminent

July 13, 2014   By JC Collins

The currency of Vietnam is called the dong and has been pegged to the US dollar for a very long time.  The dong has been devalued consistently over the last 4 decades to facilitate the exportation of dollar inflation.  Within the country the dollar is predominately used and loans by local financial institutions are predominately denominated in dollars.  But all of this is about to change.

The Vietnam Business Forum has been working on methods of stabilizing the Vietnamese dong and its Macroeconomic Policy Working Group (MAG) has just released its recommendations and they are dramatic to say the least.

As reported by Vietnamese Dong News, the following quotes are taken from the substance of the MAG report.

“Yuan, the currency of China, the second largest economy in the world, and Vietnam’s biggest trade partner, has never gotten a foothold on the foreign exchange market in Vietnam.”

The implication from the report is why would Vietnam continue to use and peg the dong to the US dollar, who it does only marginal trade with, when in reality China is Vietnam’s largest trading partner.

“Experts: heavy dependence on US dollar not good for Vietnam.”

Extremely self-explanatory.

“The report released by MAG last week pointed out that Vietnam’s dollar-pegged foreign exchange policy has had a negative impact on its trade balance.”

This is obvious and timely.  We covered the reasons for this in the post
“Why the Vietnamese Dong will Reset”.

“In terms of Vietnam’s sovereign debts, its biggest creditors in 2012 included Japan (34.5 percent of Vietnam’s total foreign debts), the World Bank (28.8 percent), and ADB (15.5 percent). As such, Vietnam’s foreign debts have been valuated not only in the US dollar, but also in other hard foreign currencies, including JPY, SDR and EUR.”

Of course the SDR is the mechanism by which most sovereign debts will be restructured.  Debt will be consolidated and packaged as SDR bonds.

“MAG’s experts commented that it is unreasonable for Vietnam to follow a dollar-pegged foreign exchange policy, while its trade and foreign debts depend on other foreign currencies.”

With China being Vietnam’s largest trading partner we can assume which currency is being referred to here.

“Therefore, Vietnam has been recommended to apply a new foreign exchange policy which allows it to valuate the Vietnam dong in correlation with more than one foreign currency. This will be a reasonable choice which helps both stabilize the exchange rates and ensure the flexibility of the nation’s policies.”

The operative phrase in the quote is “a new foreign exchange policy”.  As stated, it is likely that the dong will be pegged to a basket of currencies.  Which baskets now exist outside of the Euro and the SDR?  None. 

But with the announcement of the BRICS Currency Market Stabilization Fund this week and its $100 Billion injection from the BRICS countries, it is possible and probable that the BRICS currencies will form a stabilization basket from which other currencies, like the ones belonging to the Next Eleven countries, of which Vietnam is a member, can peg too and stabilize.

“Now is the right time for Vietnam to follow the new policy, as it now has all the necessary conditions to do this. Vietnam has wide economic openness, but it <does | should>not depend on any one trade partner.”

The right time is strongly implying imminence.  The BRICS Development Bank and the currency market stabilization fund are vital components of the policy being described by MAG.

“Therefore, if it were to apply the policy, Vietnam would be safe from the shocks in other foreign currency markets, if and when they occur.”

This statement is suggesting sudden and dramatic adjustments to the foreign currency markets, which is likely focused on the US dollar and the coming changes to its status as the world’s primary reserve currency.

At this point I would recommend readers to revisit the following posts:

Why the Vietnamese Dong will Reset

Vietnam Seeks Dong Stability as Dollar Nears Collapse

The American Dollar is Dumping Vietnam

A Global Currency Reset

The New Exchange Rate System

And the whole SDR’s and the New Bretton Woods series, especially Part Three, sub-titled The Real Global Currency Reset.

It is almost surreal that what we have been describing from the beginning is now taking place.  The world is on the verge of huge and dramatic changes.

The BRICS currency basket will eventually be integrated into the larger macro SDR basket, most likely at the end of the year when the 2010 Code of Reforms are finally passed and the Executive Board of the International Monetary Fund is restructured. 

This fits perfectly with what we have described as the local currencies of countries consolidate into regional currency groups which will then make up the SDR supra-sovereign basket.  See the post “The Arcane SDR Supra-Macro Asset”.

The US dollar continues to be isolated around the world and the critical stage of actualization for major adjustments to the currency markets has arrived.

And for those who continue to propose that the BRICS Development Bank will compete directly with the World Bank and IMF, you will be severely disappointed when these organizations begin to announce macro financial agreements.  I’ve already discussed how the World Bank has expressed its full support for the BRICS Development Bank in the post
The Emerging Multilateral.

The World Bank is also openly supporting Vietnam’s policy group and mandates, as described
here.  Be sure to read the full article as the World Bank describes how China’s oil rig being placed in Vietnam’s Economic Zone has had no negative effects.

Additionally, the World Bank’s President will be visiting
Vietnam on July 16th and 17th to strengthen the partnership.  These are the same dates as the BRICS summit from which the official announcements of the New Development Bank and Currency Stabilization Fund will be made.

And as we’ve explained already, the World Bank has offered its full support for the BRICS Bank.  This is not a coincidence and is making it increasingly challenging for those who attempt to convince us that their are two opposing sides to the economic reset taking place.

Its obvious that the Vietnamese dong is about to be revalued but how that revaluation will look on the other side is not clearly determined.  Those who have dreams of getting rich from the dong reset may in fact see some sort of upside but it is just as likely that capital flow restrictions could very well hamper some of this.

Much is known, as can be attested from the above information, but there still remains large components of this financial reset which have been well hidden. 
But let us not forget those around the world who have suffered tremendously under the past imbalances, none more so than the Vietnamese people themselves, who have shown strength and perseverance through decades of war and economic sanctions. 

The fact that they have modernized faster than any other country in the world is a testament to the power of the human heart and mind.  – JC

http://philosophyofmetrics.com/2014/07/13/the-dongs-revaluation-is-imminent/