Post From Dinar Updates 2-9-16
Excerpts & Highlights
Dinar Updates BGG News Time 2-9-16 Part 1 of 2
BGG: OK - Rcookie (and any other News Personnel) are going to help out tonite.
BGG: This maybe more of a "News / Dinar info free-for-all"
BGG: I wasn't exactly prepared for tonite - but I guess the main thing I would want to mention - before anything else... aside from all the "goofy intel" (none of which has EVER BEEN ACCURATE)...
BGG: as I read the news out of Iraq - it plainly lines up (over and over) with what we have been saying AND it generally points to some major economic event in the future.
BGG: Numerous article... some vague - some pointed are all saying the same thing. Iraq is in dire straights (or was) for a solution.
BGG: For instance - this one...
BGG: Abadi: we crossed the country from imminent collapse following a drop in oil prices
BGG: He stressed Prime Minister Haider al-Abadi, on Tuesday evening, that his government was able to "transit" country of the "collapse" of an imminent economic result of the sharp decline in oil prices during the year and a half last year.
BGG: Ebadi said in a televised speech: "We were able to cross the country and keep it from imminent economic collapse after the sharp decline in oil prices during the year and a half," noting that "since the honored responsibility and put key reform targets, and it was our ambition to unite all political efforts with us , but that did not materialize. "
BGG: He revealed Abadi for "the completion of the preparation of a comprehensive study of the structure of the ministries," pointing out that "extra episodes will be canceled in order to state GOES real work."
BGG: It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, Anvaqath in the war against al "Daash", as he emphasized Abadi, on more than one occasion, that Iraq will emerge from the financial crisis in stronger...
BGG: Can anyone tell me what event he's talking about that has saved them???
sassy: monetary reform
jackflash101st: selling the bonds???
poppy3: promised new rate to WB to insure a loan. poppy3
Imperator: the IMF
jimplants: HIS ELECTION AND THE CANNING OF MALIKI
BGG: Ha Ha Ha - all good comments. I'm just asking - it's pretty public...
BGG: I've been saying all along... they need a solution...
BGG: now they are admitting they need a solution.
ann4: plus tariffs, loans,
BGG: we know - they know - now they know we know...
Imperator: poppy3 i think is referring to that memorandum of understanding between the IMF AND THE CBI which is really important
BGG ann4: Tariffs won't cut it - neither will any of the loans... THEY NEED 100 BILLION (for starters)...
BGG: they could collect 1000% of their incoming tariffs FOR THE NEXT 10 YEARS and NOT COVER THIS.
BGG: who in their right mind would loan IRAQ 100 Billion (USD) for their 2016 BUDGET DEFICIT...
BGG: basically - Oops - we spent too much money, we need a loan until next year.
BGG: NONE OF THAT WILL HAPPEN. I said this last time - when all the stink was being made about loans.
BGG: one thing you can be assured of - since the IMF is now in a direct advisory capacity - they will succeed.
BGG: Could you imagine - IMF takes over - Iraq fails immediately...
BGG: how would that play for the IMF's future??
BGG: Rcookie - you have some thoughts for us??
rcookie: NOBODY TALKNG ABOUT NATIONAL OIL COMPANY LAUNCH PLANS IN ECONOMIC SYMPOSIUM YESTERDAY HOSTED BY OIL MINISTER ABDUL MAHDI...
WITH GROUP OF OIL EXPERTS AND ECONOMISTS...AND THE ROLE AS ALTERNATIVE TO DISPERSION IN THE OIL INDUSTRY NOW...
MEANING REFORM DIFFERENCES LIKE...NATIONAL SOVEREIGNTY...ECONOMIC DEVELOPMENT...SERVICE CONTRACT REWRITES...ECONOMIC OPENESS...
AND OUTLINES THE IRAQI ECONOMY OPERATING IN 4 STAGES....AGRICULTURE...OIL...WAR..AND WHAT IS TO COME....
rcookie: THIS IS THE VEHICLE THAT IS GOING TO GET OIL SHARES TO CITIZENS...
rcookie: Oil Minister calls for the restoration of the national oil company
60 Show Last update: Monday, February 8, 2016 - 11:01
Oil Minister calls for the restoration of the national oil company
It called for an economic seminar to the need to return to the national oil company as a managerial alternative to dispersion found in the structure of the oil industry and solving optimal at the present time, coinciding with the economic crisis faced by the country,
as well as to utilize them in building the foundation for the reform of the oil sector and overall economic development. This came in a symposium organized by the progress of the development policies of the Institute, and attended the »morning» under the title
rcookie: pointing out that «China does not hold the Ministry of Oil, and runs Wealth oil which - a fifth oil producer in the world are companies », indicating that« the public domain differ from state ownership, since it is possible that the first be the king of the group and rumored to regulate the property through an internal mechanism ».uarj
Abdul-Mahdi, that« the Iraqi economy navigate between the four stages of the first was the agricultural nature of the almost full, where most of Iraq's population live in the countryside, and minority live in cities, and the agricultural life dominant, then began to rely on the oil pattern, where he became the country depends on oil, then began the stage of the war economy, which consumed oil and
Read More : http://www.dinarupdates.com/showthread.php?29715-Oil-Minister-calls-for-the-restoration-of-the-national-oil-company-2-9
rcookie: THIS IS HUGE AND RESOLVES MANY OF THE PROBLEMS THEY HAVE WITH LICENSING CONTRACTS...AND PUT THE DEALING WITH DIVERSE ENTITIES...
larrykn: Rcookie you said one of the things that needed to get done was the financial management law, has that been completed yet
rcookie: THINK ABOUT THE NATIONAL OIL COMPANY RELATIVE TO THE REPORT TODAY OF THE 36 SEPARATE BANKS PROCESSING OIL REVENUES FOR KURDS....
rcookie: YES POSTED COPY OF IT THIS MORNING...ALONG WITH IFMIS...TSA...PIM..
rcookie: THE NEWS AS TO WHERE THEY ARE AGAINST IMF LOI/MEFP/TECH MOU MANDATES IS ASTONISHING...
rcookie: POSTED ALL OF THE WORLD BANK LINKS AND DOCUMENTS...
rcookie: ITS ALL IN CHAT..
Comments may be made at the end of Part 2 Thank You