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1-800#'s and Instructions for Currency Redemption/Exchange

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

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"Paris Agreement = GESARA" - RV Op-Ed - December 5, 2016

Received via email at 5:42 PM EST for publication. ~ Dinar Chronicles Paris Agreement = GESARA Paris Agreement Tracker - Ratified Countr...

Monday, November 28, 2016

"Events on the 8th" - Mon. AM KTFA News, Thoughts w/ Backdoc

KTFA

BACKDOC
 » November 28th, 2016


WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS' ADJUSTMENT AND OIL WILL BEGIN ITS' RIDE HIGHER!

THIS IS A HUGE EVENT, JUST AS I TOLD YOU IT WOULD BE! DON'T FORGET FRANK SAID OIL WOULD GO HIGHER AS WELL, BUT FROM HIS TEAMS HE SAID IT WAS DELAYED A MONTH!

MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED! DOC IMO

Thunderhawk
 » November 28th, 2016

Dollar gives in to gravity and drops as U.S. yields extend fall

The dollar gave in to gravity on Monday and pulled further away from near 14-year highs as U.S. Treasury yields eased from recent peaks.

After rallying without pause for much of the month, the dollar index against a basket of major currencies .DXY shed 0.7 percent to 100.77, adding to Friday's losses.

It had popped above 102.00 on Thursday, its highest since March 2003.

The greenback underperformed against the safe-haven yen in the wake of a broader ebb in risk appetite as the Nikkei .N225 and crude oil prices fell.

The greenback had slipped late last week as investors took advantage of a pullback in U.S. bond yields and a holiday-shortened week to consolidate gains.

The 10-year Treasury note yield US10YT=RR declined further on Monday to 2.326 percent after rising to a 16-month high of 2.417 percent on Thursday.

The U.S. currency was down 1.3 percent at 111.650 yen JPY= following a rise to an 8-month high of 113.900 last week. The euro EUR= was up 0.9 percent at $1.0667 after stooping to an 8-month trough of $1.0518 on Thursday.

"The dollar has run out of lift as Treasuries are settling down after Thanksgiving, and before hedge funds' earnings releases and events due to take place towards the weekend," said Koji Fukaya, president at FPG Securities in Tokyo.

"When the dollar's rise stops, it's time for domestic players like exporters to sell," he added.

The dollar has surged virtually without a rest since Republican Donald Trump was elected president earlier this month, triggering a spike in Treasury yields on heightened expectations of enlarged fiscal spending and inflation.

The dollar could face some resistance this week ahead of potentially risk-laden events such as the midweek Organization of the Petroleum Exporting Countries (OPEC) meeting and Italy's Dec. 4 referendum on constitutional reform.

Crude oil has slumped amid uncertainty over whether OPEC would reach an output deal. Italy's referendum could rattle financial markets by prompting the country's government to resign.

Currencies will also have Friday's U.S. non-farm payrolls to contend with.

"Those who have been following the dollar's uptrend since early November now sit on large profits, so it is not surprising if some lock the gains in," said Masafumi Yamamoto, chief FX strategist at Mizuho Securities in Tokyo.

Still, few expect the dollar's uptrend to end in the near term as the financial markets continue to price in the possibility of the Federal Reserve hiking interest rates more often in 2017 than initially anticipated.

"The dollar and Treasury yields did rise steeply in a short span of time. But for participants who think the bond market's 35-year bond rally is coming to an end, this is only the early stages of a dollar surge," Yamamoto said.

Elsewhere, the Australian dollar extended Friday's gains and rose 0.4 percent to $0.7460 AUD=D4. The Aussie has benefited as Australia's debt yields tracked the surge in Treasury yields and rose to 11-month highs.

Sterling nudged up 0.1 percent to $1.2497 GBP=D4 while the New Zealand dollar added 0.4 percent to $0.7068 NZD=D4.

The dollar also fell against the safe-haven Swiss franc, losing 0.5 percent to 1.0091 per franc CHF=, its weakest in about a week.

The yen, a fellow safety currency, also surged against the euro and pound. The euro was down 0.8 percent at 118.990 yen EURJPY= and sterling lost 0.9 percent to 139.65 yen GBPJPY=.

http://www.reuters.com/article/us-global-forex-idUSKBN13N010

BACKDOC
 » November 28th, 2016

MANY NON OPEC COUNTRIES ARE ALREADY IN DEFENSE MODE AS THEY ARE BEGINNING TO TALK WITH ONE ANOTHER!

THEY KNOW THAT ON THE 30TH THE GAME WILL BE CHANGING AND THE DOLLAR WILL SUPPORT ITS MOVE HIGHER REGARDLESS OF OUTPUT!

THE DOLLARS' COMING SLIDE WILL BE IMPOSSIBLE TO STOP AND THE OIL PRICES WILL RISE AS A RESULT OF IT! DOC IMO

Thunderhawk
 » November 28th, 2016

Oil Slump Sinks Asian Stocks Before OPEC as Yen Takes on Dollar

Sliding oil prices weighed on Asian energy stocks amid concern over the outcome of this week’s OPEC meeting, while the dollar retreated versus major peers, including the yen, as haven assets rallied.

Oil and gas producers led equity declines in Asia, with U.S. crude sinking toward a two-week low after Saudi Arabia suggested the world’s biggest producers didn’t need to reduce output. Japan’s Topix index fell for the first time in 12 days, slipping from a 10-month high as the yen rallied a second day against the dollar. The Korean won and and South African rand led a rebound in developing-nation currencies as the so-called Trump trade -- which has buoyed the dollar since the U.S. election -- took a breather. Gold climbed along with Treasuries, as 10-year bond yields from Japan to Australia fell.

Crude extended Friday’s 4 percent rout amid anxiety prospects for the much-vaunted production freeze are fading. The Saudis withdrew from talks Monday with non-members of the Organization of Petroleum Exporting Countries, including Russia, with the group set to meet formally in Vienna on Wednesday.

The Bloomberg Dollar Spot Index is pulling back from a decade high ahead of updates on U.S. gross domestic product, personal spending and nonfarm payrolls this week. President-elect Donald Trump’s promise to boost spending on infrastructure has propelled bets on a December interest-rate hike to 100 percent.

“The market is currently quite pressured by the uncertainties raised from various reports, including Saudi Arabia pulling out of Monday’s talks with non-OPEC nations,” Seo Sang-young, a market strategist at Kiwoom Securities Co. in Seoul, said by phone. “It’s also highly suspicious whether OPEC will keep its promises even if it achieves an accord because the members are constantly raising production.”

Thailand reports on trade Monday, and a gauge of manufacturing performance in the Southeast Asian nation is also due. Taiwan’s bounced-check ratio is scheduled as well.
Stocks

Almost twice as many stocks fell as rose on the MSCI Asia Pacific Index, with a sub-gauge of energy shares leading losses, falling 0.6 percent as of 10 a.m. Tokyo time.

The Topix dropped 0.5 percent, while the Nikkei 225 Stock Average snapped a seven-day advance, declining 0.7 percent.

Australia’s S&P/ASX 200 Index lost at least 0.2 percent with the Kospi index in Seoul, while New Zealand’s S&P/NZX 50 Index climbed 0.2 percent in a fourth day of gains.

S&P 500 Index futures dropped 0.3 percent after the underlying benchmark set a new all-time high Friday as traders returned from the Thanksgiving holiday.

Commodities

West Texas Intermediate crude sank 1.5 percent to $45.38 a barrel, and Brent was down 1.7 percent to $46.46, also set for its lowest settlement since Nov. 14.

As part of the final push to reach an agreement on curbing supply, oil ministers from Algeria and Venezuela headed to Moscow to get OPEC’s biggest rival on board.

Gold for immediate delivery gained 0.8 percent to $1,193.41 an ounce following last week’s 2 percent decline, its third straight weekly retreat.

Copper for three-month delivery extended its rally, rising 0.3 percent in a sixth day of gains.
Currencies

The yen led an advance among major currencies versus the greenback, gaining 0.8 percent to 112.37 per dollar, after rallying from an almost eight-month low on Friday.

The euro added 0.3 percent to $1.0625 in a third day of gains.

The won and the rand strengthened at least 0.2 percent with the Thai baht and the Singapore dollar.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major peers, fell for a second day, declining 0.3 percent.

The 14-day RSI on the dollar gauge rose to 81 last week, its highest level since March 2015. Breaches of the 75 level tend to indicate an asset has been overbought.

Bonds

Australian government debt led gains early Monday, with yields on notes due in a decade down six basis points, or 0.06 percentage point, to 2.70 percent.

Yields on similar maturity Japanese, New Zealand and Hong Kong bonds fell at least two basis points.

Ten-year Treasuries rose for the first time in three sessions, pushing yields down two basis points to 2.34 percent.

https://www.bloomberg.com/news/articles/2016-11-27/dollar-pulls-back-amid-yen-gains-as-asian-index-futures-diverge

BACKDOC
 » November 28th, 2016

THE INTERESTING THING HERE IS THAT IF THESE PRODUCERS DON'T CUT PRODUCTION THE PRICES WILL GET CRUSHED ONCE THE DOLLAR MAKES ITS ADJUSTMENT SO MY BET IS ON THAT THEY INDEED DO CUTS OR THEY WILL GET THEIR FANNYS HANDED TO THEM! HEE HEE DOC IMO

Thunderhawk
 » November 28th, 2016

Oil Industry Anticipates Day of Reckoning

Prospect of ‘peak demand’ prompts debate and long-term planning by global producers


This month, European oil company MOL Group delivered a stark message to investors: Demand for fuel in its key markets is bound to fall.

So-called peak oil demand is a mind-bending scenario that global producers such as Royal Dutch Shell PLC and state-owned Saudi Aramco are beginning to quietly anticipate. But MOL has a transformation plan that is among the most explicit responses to the trend, indicating how the landscape may change for big energy providers over the next decade.

The Hungarian company is rethinking its traditional focus on fuel supply and shifting investment to petrochemicals, the key ingredient of everyday plastic products and a sector where MOL believes growth will continue even when its fuel business falters.

Although there will still be customers for its fuel, the company reckons demand will soon flatten and then start falling in its Eastern European markets around 2030. “We see that as an inevitability,” MOL Chief Financial Officer Jozsef Simola said.

Big oil players such as Exxon Mobil Corp, BP PLC and Saudi Arabia—which is leading recent efforts by the Organization of the Petroleum Exporting Countries to boost oil prices—are also anticipating significant shifts in demand, though there is no consensus on the timing and their moves have been gradual. They are increasing their investment in petrochemicals, pumping more natural gas, driving down costs and even diversifying into alternative energy sources like solar power.

Although there will still be customers for its fuel, the company reckons demand will soon flatten and then start falling in its Eastern European markets around 2030. “We see that as an inevitability,” MOL Chief Financial Officer Jozsef Simola said.

Big oil players such as Exxon Mobil Corp, BP PLC and Saudi Arabia—which is leading recent efforts by the Organization of the Petroleum Exporting Countries to boost oil prices—are also anticipating significant shifts in demand, though there is no consensus on the timing and their moves have been gradual. They are increasing their investment in petrochemicals, pumping more natural gas, driving down costs and even diversifying into alternative energy sources like solar power.

Last month Shell finance chief Simon Henry caused a stir when he said the company sees oil demand peaking in five to 15 years. Shell’s latest published forecasts have consumption flattening toward the end of that period.

State-owned China National Petroleum Corp. quietly issued a report in the summer predicting that China’s oil consumption—a major driver of growth in recent decades—will begin to fall by 2030, if not sooner. Global demand is expected to follow suit.

The International Energy Agency, which advises industrialized countries on energy policy, says consumption will continue to rise for decades in its most likely scenario. But that picture shifts radically if governments take further action to limit global warming to less than 2 degrees Celsius with more stringent policies like carbon pricing, strict emissions limits and the removal of fossil-fuel subsidies. If that happens, oil demand could peak within the next 10 years, the IEA says.

“The question is more a question of when, rather than if,” Dominic Emery, BP’s vice president for long-term planning and policy, told the Economist Energy Summit in London this month. BP says oil demand could fall by the late 2020s if tougher emissions laws are enacted.

Others don’t see peak demand coming so quickly. Exxon expects consumption to grow through 2040, though at a decelerating pace. Likewise, OPEC sees demand continuing to grow beyond 2040, but acknowledges new technologies and efforts to curb climate change could mean consumption peaks within the next three decades.

Still, OPEC mainstay Saudi Arabia, the world’s largest exporter of oil, is pushing its state oil company to invest heavily in petrochemical plants around the world. The kingdom is trying to diversify away from oil, publicly list Aramco to raise money for other industries, and build a new base of renewable energy.

Peak demand “will be later than the common dates that are being thrown around, but if it does happen, because we’re building multiple engines for the economy and we’re planning for an economy beyond oil, we’ll be ready,” Saudi Arabia’s energy minister, Khalid al Falih, told a conference in Istanbul last month.

Timing and preparing for peak demand are critical to companies’ fortunes. Energy producers could move too fast to adapt to shifts that are still years away. Or new technologies and policies could leave them vulnerable to changes that happen sooner than expected.

‘To come to a point to say that, wow, maybe the future will be different…that was not easy for guys like myself.’

—MOL executive Ferenc Horvath

“There’s risks on both sides,” said Paul McConnell, research director of global trends at Edinburgh-based consultancy Wood Mackenzie.

Shell, Exxon and others are pouring money into natural gas—a less-carbon-intensive fossil fuel they bet will benefit from efforts to curb global emissions. In China, where growing oil demand has supported global markets for years, the state-owned energy giants are aggressively embracing natural gas as a fuel for use in everything from power generation to running cars.

Several of the world’s biggest oil companies are also increasing their focus on alternative energy sources like solar and biofuels. France’s Total SA has said it wants 20% of its portfolio to consist of low-carbon businesses within the next 20 years. The company hasn’t commented on the prospect of peak demand.

Peak demand is already arriving in some regions. In Europe, for instance, the IEA sees consumption most likely falling to 10.8 million barrels a day by the end of the decade from 11.7 million barrels a day in 2015.

Those numbers are driving big changes at companies like MOL.

“To come to a point to say that, wow, maybe the future will be different and maybe we have to prepare ourselves for a different world…that was not easy for guys like myself,” said Ferenc Horvath, head of the Hungarian company’s refining and petrochemicals business.

http://www.wsj.com/articles/oil-industry-anticipates-day-of-reckoning-1480248012%C2%A0%C2%A0

BACKDOC
 » November 28th, 2016

WE WON'T HAVE LONG TO WAIT TO SEE WHAT AGREEMENT IS MADE!

THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT? NO! MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN'T THEY?

OIL IS THE UNIVERSAL CURRENCY AND IF THEY DON'T COOPERATE THEY WILL ALL GET CRUSHED! IT'S TIME TO PLAY NICE, NOT BECAUSE THEY WANT TO, BUT BECAUSE THEY HAVE TO! DOC IMO

Thunderhawk » November 28th, 2016

Algerian, Iranian oil ministers upbeat on OPEC agreeing to 1.1 mil b/d cut

Algerian and Iranian ministers are optimistic that OPEC will reach an agreement this week to bolster oil prices by cutting production, Iranian oil ministry news service Shana reported Sunday, after a bilateral meeting in Tehran.

"We are very hopeful for a deal by OPEC members on November 30 ... Between now and the meeting, Iran and Algeria will continue cooperation to reach a final deal," Shana reported Algerian energy minister Noureddine Boutarfa as saying.

Boutarfa had come to Tehran to present to his counterpart, Iranian oil minister Bijan Zanganeh, Algeria's proposal for a 1.1 million b/d cut to OPEC production.

Boutarfa also presented a proposal for certain major oil producers from outside OPEC to contribute to a international pact to bolster the market by reducing output by a combined 600,000 b/d, Shana said. "Algeria's proposal for OPEC to decrease its production by 1.1 million b/d was given to the Iranian oil minister," Boutarfa said.

Returning to Dubai on December 6, Platts Annual Middle Crude Oil Summit is uniquely positioned to unite senior executives from the upstream and oil trading communities as they explore and debate the region’s crucial issues in this volatile price environment.

Once again, this prestigious event will provide a cutting edge, market driven agenda mixed with exclusive networking opportunities to ensure our global participants are guaranteed with the highest quality, up-to-the-minute market intelligence and new business opportunities.

"The oil price fall, which has been harming the global economy, should be stopped ... If OPEC members reach an agreement at the 171st meeting [on November 30], oil prices will reach $50-$55/b in the next year and $60 by the end [of] 2017," he predicted.

Zanganeh said after the meeting that the Algerian proposal with "a breakdown of each country's share of a proposed production cut was discussed precisely" by the two officials.
"We will give our opinion about this proposal in the ordinary [OPEC] meeting in Vienna next week," Zanganeh said.

"If we reach a deal, on which I am optimistic, prices will increase and this is what global economy needs," he added.

Zanganeh said the two ministers discussed seriously the possibility of exempting Iran, Libya and Nigeria from contributing to any overall production cuts by OPEC.

Asked if Iraq had also asked the group for an exemption, Zanganeh said: "Based on our information, Iraq hasn't made such request."

"Everybody agrees with the decision made in Algiers. Now, it's about how to divide it [the proposed OPEC cut] between the members," he said, referring to the outcome of an informal OPEC meeting in late September in Algiers on the sidelines of the 15th International Energy Forum.

Zanganeh said he appreciated Boutarfa's efforts in guiding the ministers to a proposal to cap the group's crude production at 32.5 million b/d.

"The general current and talks made so far show that OPEC can reach a stable agreement over its production and management of the market," he added.

http://www.platts.com/latest-news/oil/tehran/algerian-iranian-oil-ministers-upbeat-on-opec-27717872

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