Bgg roundtable 10/9/2015
BGG says to rcookie(1:57 PM): OK - so what is the biggest article out there today??
rcookie says(1:57 PM): JABOURI MEETING WITH JAPAN & ROMANIAN AMBASSADORS CONCERNING LOANS FOR INVESTMENT & RESTRUCTURE THAT COINCIDE WITH WB & IMF LOANS...AND MASSUDS ANNOUNCEMENT OF INTERNATIONAL CONFERENCE FOR IRAQS RECONSTRUCTION AWAY FROM UN MEETINGS LAST WEEK...
BGG says to rcookie(2:00 PM): that is true... big find rcookie.
BGG says to rcookie(2:00 PM): however, the first part of the article...
BGG says to rcookie(2:00 PM): first thing they do is go begging for money...
BGG says to rcookie(2:00 PM): These guys JUST KILL ME...
_firefly_ says(2:00 PM): lol
rcookie says(2:01 PM): AGREED !!!...MORE LOANS!!
_firefly_ says(2:01 PM): TYhose loans won't last them 6 days !
rcookie says(2:02 PM): AND EVERY DAY ANOTHER STATEMENT OF ACKNOWLEDGEMENT ON THE DIRE CONSEQUECES TO THEIR ECONOMY BY BORROWING!!!
BGG says to rcookie(2:02 PM): Jafaari had the nerve the tell the US Ambassador (this morning) that our coalition didn't meet the threat level of terrorism in their country...
rcookie says(2:02 PM): UNBELIEVABLE!!
BGG says to rcookie(2:03 PM): this from a guy who was overseeing the party for which Maliki was campaigning for while he was bombing Anbar and starting this whole mess for his reelection campaign...
BGG says to rcookie(2:03 PM): without Maliki - I truly believe ISIS would not be what it is today.
BGG says(2:03 PM): and this is the very reason - I see no way the world let's him off the hook so easy. He'll swing for this before it's all over.
BGG says(2:05 PM): I agree - their economic situation is still dire... and this may be the thing that really puts us in the running... as soon as the main bad actors are down - I fully expect monetary reform in stages - they are too desperate. Their situation is dire.
BGG says(2:05 PM): They need the bounce ASAP.
rcookie says(2:06 PM): SISTANI PUTTING THE HAMMER DOWN!!! CALLING FOR IMPLEMENTATION OF ECONOMIC REFORMS AND CORRUPTION JUSTICE!!
BGG says to rcookie(2:06 PM): I saw that - that and this meeting with the three presidencies yesterday is BIG NEWS.
rcookie says(2:06 PM): Sistani calls to punish any corrupt official, whatever its location
Writings Friday, October, 201 509 Certified student religious authority in Karbala, Sheikh Abdul Mahdi Karbalai punish every corrupt official, whatever the stature and demanded the security authorities to assume their responsibility to protect citizens from terrorist attacks, stressing the need to take on the government capable of avoiding the repercussions of the current financial crisis in Iraq's economic measures.
rcookie says(2:07 PM): 'The current situation portends serious problems in the general budget for the coming years, pointing to the need to exchange important financial materials in the coverage of the war on Daash costs, noting that what is observed is draining a lot of money in consumer spending without
There are noticeable signs of development in the agricultural and industrial production, with possibilities for asylum State to borrow, which will saddle the state budget larger because of what borne by the very benefits, this situation indicates that the need for economic, financial and developmental real action and within the agreed timeframe clearly become necessary today more than ever before '.
BGG says to rcookie(2:07 PM): Sistani wants this, the people want this, the three main presidencies want this...
rcookie says(2:07 PM): AND CHECK THIS OUT!!
rcookie says(2:07 PM): And it demanded the central government to enlist the expertise of economists and financial experts, national and maximum speed to cope with the financial and economic crisis faced by the country, stressing the need to be within those priority actions to achieve social justice by reducing the large differences between the salaries of state employees.
rcookie says(2:08 PM): The need for a quick and important measures of the economic situation of the country has become today an urgent need after the bad financial situation of the country by taking advantage of economists and financial experts in the country and address all problems through several factors, the most important achievement of social justice and the abandonment of unnecessary expenditures in Country.
rcookie says(2:08 PM): BOULYAAAAAAH!!!
rcookie says(2:09 PM): THE CENTRAL GOVT ALREADY HAS REZ[PNDED WITH THE DEMANDS AND 3 PART PLAN FOR ECONOMIC REFORM!!! WE GOT IT LAST WEEK!!
rcookie says(2:09 PM): RESPONDED*
rcookie says(2:10 PM): ECONOMIST AND ACADEMIC ECONOMIC PANEL!!
BGG says(2:10 PM): You know what economic reform will include - right??
rcookie says(2:10 PM): JUST ROLL IT OUT!!!
rcookie says(2:10 PM): YES SIR!!!!!!!
BGG says(2:10 PM): it won't be a pay cut for Shias...
BGG says(2:11 PM): it will be a leveling of the playing field and more money for everyone.
BGG says(2:11 PM): the Shias wouldn't sit still for one second if this meant an across-the-board pay cut for them...
BGG says(2:12 PM): (still smelling DELICIOUS BTW :D )
jd says(2:12 PM): Economic reform means that Iraq gets to borrow more money right?
BGG says(2:12 PM): maybe - but who is gonna loan them 30 billion??
BGG says(2:13 PM): I mean - add it ALL up - what I said has come true... no matter what they got, or how quickly - it wouldn't be enough. Not even close.
BGG says(2:13 PM): and they haven't GOT yet.... just like I said.
rcookie says(2:14 PM): HAVENT EVEN BORROWED ENOUGH TO PAY BACK OIL COMPANIES 22B THEY OWE
BGG says(2:14 PM): they might (in the next month or two) - but even then, there's no way they get enough to cover their deficit and additional defense spending. Not even close.
rcookie says(2:15 PM): JUST REDUCED 2016 BUDGET TO 100T FROM 113T
quicktolegit96 says(2:15 PM): do u feel imf/wb wont release $ till there is even a slight shift in IQD?
BGG says to quicktolegit96(2:17 PM): No - I doubt that... when the IMF/WB is ready, they will release some of these project funds. I doubt they wait for some currency shift... however, they might.
quicktolegit96 says(2:18 PM): ty sir
BGG says to quicktolegit96(2:18 PM): Iraq can't wait to get their mitts on the WB/IMF money - it's not supposed to go for general budget needs - if they sent it right now, what you wanna' bet... ??
quicktolegit96 says(2:18 PM): lol, rt
BGG says to quicktolegit96(2:19 PM): I really think they are waiting to see the AML Law in action.
BGG says to quicktolegit96(2:19 PM): IMHO
BGG says to quicktolegit96(2:19 PM): and...
BGG says to quicktolegit96(2:19 PM): with the PoR...
USAAlways777 says(2:19 PM): If there MONEY Revalues... Then a Pay CUT will just bring it to where it needs to be since right NOW their PAY would be at a HUGE amount since it carries NO Real Value today...
BGG says to quicktolegit96(2:19 PM): the Speaker...
BGG says to quicktolegit96(2:19 PM): and the PM all on the same page...
BGG says to quicktolegit96(2:20 PM): with the main Clerics and the people regarding these reforms...
quicktolegit96 says(2:20 PM): somthing has to give..
BGG says to quicktolegit96(2:21 PM): Allawi can "drop all the truth bombs" on Parliament he wants... it won't matter.
BGG says to quicktolegit96(2:21 PM): and
BGG says to quicktolegit96(2:21 PM): if he was such a "whistleblower" - why wait until his @$$ was on the line before opening his big mouth...
BGG says to quicktolegit96(2:22 PM): his timing looks very suspicious... (which is. I'm sure, not lost on anyone).
horsegal says(2:27 PM): when will AML be implemented and why isn't it yet?
BGG says to horsegal(2:30 PM): Sounds like soon...
horsegal says(2:30 PM): hope so!
BGG says to horsegal(2:30 PM): why hasn't it yet?? Mainly because it is almost assured to snag some major players in the sweep and they won't like it much.
USAAlways777 says(2:31 PM): Sorry thta I Spoke while YOU were still giving the Report... My Computer or this site keeps freezing up
rcookie says(2:31 PM): THEY ARE READY TO START TO HEAR MONEY LAUNDERING AND CORRUPTION CASES IN THE 13 SPECIALLY DESIGNATED COURTS
USAAlways777 says(2:31 PM): DO YOU think that they will ArrestFormer PRime Minister M.. Onster...
rcookie says(2:31 PM): WAITING FOR VERBIAGE IN SOME OF THE ANTIQUATED LAWS THHAT WERE WRITTEN IN 1960'S TO BE AMENDED
BGG says to rcookie(2:32 PM): Interesting timing too - the Integrity Committee just had a "heart-to-heart" with Alak and his staff...
BGG says to rcookie(2:32 PM): which - IMHO was a waste of time - but, their country... not mine.
rcookie says(2:32 PM): WITH THE INTERROGATION LIGHTDS IN THEIR FACES!!
BGG says to USAAlways777(2:33 PM): at some point - I do. I think it is a foregone conclusion. Others do not - I do.
7shiela says(2:34 PM): So with the AML law being passed, is that what will give us our $$$ or are we assuming this is what will trigger that?
USAAlways777 says(2:34 PM): He Needs to Pay for his GREED & the HARM he Caused Iraq & its PEOPLE...
BGG says to 7shiela(2:34 PM): No - but without it there was very little hope.
USAAlways777 says(2:35 PM): I AGREE with You that he Allowed ISIS to get this Far.
7shiela says(2:35 PM): OK...thank You BGG
BGG says to 7shiela(2:35 PM): it was one of those really important steps along the way..
rcookie says(2:36 PM): IT WILL ALLOW THEM TO GET SOME OF THEIR MONEY BACK!!
USAAlways777 says(2:37 PM): PM Monster's Family also needs to be striped of a LOT of their Weatlh since he is Hiding the $$$$
BGG says to 7shiela(2:37 PM): without the AML - it might not have opened the door for monetary reform... the money laundering and corruption might have went on and on...
BGG says to USAAlways777(2:38 PM): that - I believe will happen - it's probably on the way...
USAAlways777 says(2:38 PM): Good....
wmawhite says(2:38 PM): IMO,.....not one individual item/event will give us what we are waiting on.....instead, there are a series of laws, financial initiatives that are setting up the foundation that will bring the new IQD to the world stage.
wmawhite says(2:40 PM): please excuse me for butting in.
BGG says to wmawhite(2:40 PM): you are welcome to "chime in" anytime!!
wmawhite says(2:41 PM): Thank you
BGG says to wmawhite(2:41 PM): and I agree - they are being pushed, prodded, escorted and helped along the way... :D
7shiela says(2:41 PM): TY wmawhite. That makes sense. I guess I keep wondering where we "REALLY" are, and if this is going to go on and on for years and years.
BGG says to 7shiela(2:42 PM): Where we "really are"...
wmawhite says to 7shiela(2:42 PM): Did you see my post earlier about looking at the CBI website?
7shiela says(2:43 PM): No I got in late. I'll take a look at it. What am I looking for?
BGG says to 7shiela(2:43 PM): is that things have moved forward in a drastic way lately...
wmawhite says to 7shiela(2:44 PM): Let me get it for you.
BGG says to 7shiela(2:44 PM): the harsh reality is - with the characters in place stealing the place blind, there was really very little chance for the rest of us.
BGG says to 7shiela(2:44 PM): and the Iraqi people are getting wise to the same idea...
7shiela says(2:44 PM): For sure BGG
7shiela says(2:45 PM): You would think they would get this done quicker so their people would be helped.
wmawhite says to 7shiela(2:46 PM): Hereyou go........
wmawhite says to 7shiela(2:48 PM): wmawhite says(11:55 AM): Here is another little tidbit...........look at the list of notes and coins for the IQD on the CBI website. As you look at those notes and coins you can see into the past and into the future. Those large notes tell the store since 2003 up through today.
Those smaller notes and coins are an indication of what the plans are for the IQD in the future. The only way those smaller notes and coins will be useful in the market place is when the cost of goods are low enough for the consumer and merchant is use.................and the only way those goods will be reduced in price is when the IQD is significantly more valuable outside the country.
Read More :http://www.dinarupdates.com/showthre...October-9-2015
rcookie says(2:49 PM): THAT IS THE ONLY WAY THEY WONT BE PAYING 6000 DINARS FOR A CUP OF HOT TEA WITH LEMON!
wmawhite says to 7shiela(2:50 PM): Sorry....not store.......instead, story
BGG says to rcookie(2:51 PM): that is an important concept...
BGG says to rcookie(2:51 PM): I sure hope it wasn't lost on everyone.
quicktolegit96 says(2:51 PM): what is the link to the new CBI website? ty
7shiela says(2:52 PM): Ok. That you Mr. White. I will go to that site and take a look. You are soooo informative. I appreciate you so much. And thank you BGG....I so appreciate you and all your team for the long hours, and efforts you make so we can stay informed, I know it's a lot of hard work.
7shiela says(2:52 PM):S/B Thank you Mr. White.
wmawhite says to 7shiela(2:52 PM): you are very welcomed.
BGG says to rcookie(2:52 PM): what is the link to the new CBI website? ty (Anyone??))
rootietooo says(2:53 PM): 7sheila ..well said. Thank you.
7shiela says(2:54 PM): YW
Cricket22 says(2:54 PM): Is it this one? http://www.cbiraq.org/
(2:54 PM)THE BLOG - Dinar Daily NEWS Blog - http://www.dinarupdates.com/blog/
Cricket22 says(2:54 PM): This is where I found it from http://www.cmc.iq/en/linkfrind.html
wmawhite says to Cricket22(2:55 PM): that is it.
BGG says(2:55 PM): I think that is the one (at least with all the recent changes)...
BGG says(2:55 PM): OK gang - GREAT ROUND TABLE. Thanks for all the participation. I appreciate you all helping one another.
[COLOR="#0000FF"rcookie says(2:55 PM): THATS IT
]quicktolegit96 says(2:55 PM): GREAT GROUP OF PPL[/COLOR]
BGG says(2:55 PM): thanks for tuning in and - tune in for News Time tonite!!
Mrs BGG says(2:56 PM): Thank you everyone for joining us for Roundtable!! :)
Read More :http://www.dinarupdates.com/showthread.php?22057-Bgg-roundtable-10-9-2015