Poppy3 THEY HAVE ALWAYS MENTIONED A MEDIAN RATE THEY CAN MAINTAIN ...
WHAT IS THAT RATE...NO ONE KNOWS YET BUT IT WILL HAVE TO BE SUBSTANTIAL TO FULFILL THEIR BUDGETS AND PAY LOANS ALONG WITH RESTITUTION LEFT UNPAID.
I AM CONVINCED PERSONALLY THAT RATE WILL BE CLOSE TO $3.00 PLUS.
THIS IS MY OPINION ONLY BUT BASED ON STATEMENTS MADE BY SHABIBI AND HE IS STILL THE ONLY IRAQI THAT I CAN SAY NEVER LIED TO THE PEOPLE OF IRAQ AND US IN MY 12 YEARS OF FOLLOWING.
firefly Countrys getting loans just prior to a currency increase is common practice and history.
A bank will not loan one money unless they feel the loan can be paid back!
1166 will NOT fill that obligation! IMO, the time for talks and debates has come to an end.
tman23 There are soooooo many studies completed by Ivy League schools And all of them that I have read come to a similar conclusion.
The conclusion is that a country entering a market economy and becoming an emerging market would find that floating it's currency would be high risk and ultimately a disaster...
AND foreign investment views a floating currency a high risk and large hedge fund managers and public traded companies would not take the high risk as they find the float unfavorable.
KTFA is up again!!
Aggiedad77: This link is in my opening post but in case you miss that.....we have a new blog site should the forum here go down again.
Copy and paste this for future use.
Walkingstick: Sistani warns parliament of blocking reforms in Iraq
Warned Shiite cleric in Iraq, Grand Ayatollah Ali al-Sistani Parliament to take the concerns of legal reforms announced by Prime Minister Haider al-Abadi, as a way to block these reforms.
Sistani said in his assistant transferred Friday November 6 remarks, said that the reforms "have given some hope of obtaining real changes can be moving the country towards the desired goal. From the outset it has been to emphasize the need for such reforms going in the paths do not come out on constitutional and legal frameworks. "
He added: "But to be here also emphasized that there should not be unnecessary care of the constitutional and legal path taken way by the legislature or other to circumvent the reform steps or procrastination in carrying out exploitation of waning public pressure at this time."
Iraq's parliament voted unanimously Monday in favor of preventing the government from passing the reforms without his consent in a bid to curb al-Abadi, who announced these reforms unilaterally to change the system of government which he said encouraged a form of corruption.Link
Walkingstick: U.S. And 11 Other Countries Sign Pact Promising To End Currency Manipulation
NOVEMBER 05, 2015 8:05 PM ET
The United States and 11 other countries have signed an agreement aimed at discouraging currency manipulation, a practice critics say has widened the U.S. trade gap with countries such as China.
Under the agreement, countries promise to avoid "unfair currency practices and refrain from competitive devaluation."
They also have to regularly release certain kinds of financial data, such as foreign exchange reserves and capital flows, and consult regularly about their policies.
The countries involved are the same ones included in the Trans-Pacific Partnership, a trade pact that White House officials say will streamline regulations and eliminate tariffs throughout the Pacific Rim.
But it is not part of the TPP, largely because the other countries didn't want it included. As a result, it's not subject to the TPP's enforcement provisions and critics say it's essentially toothless.
In an e-mailed statement to NPR, Lori Wallach, director of Public Citizen's Global Trade Watch, called the agreement "a glorified press release sent out jointly by the countries."
But Jeffrey Schott, senior fellow at the Peterson Institute for International Economics, told NPR the agreement gives U.S. officials new ways to combat currency manipulation, by requiring countries to be a lot more transparent about their exchange-rate policies:
"There are no guarantees in life, and this declaration is not subject to any of the dispute resolution procedures of the TPP, but it does provide a lot more information to help deal more effectively with concerns about currency manipulation.
"It's essentially giving more tools and data for the Treasury Department to push its financial diplomacy with partner countries."
Treasury Secretary Jacob Lew told The Wall Street Journal the agreement would "work to hold parties accountable":
"We have more tools with this joint declaration than we have under the pre-existing set of understandings."
Currency manipulation occurs when countries artificially lower the value of their currencies, which makes their exports cheaper but hurts competitors in other countries.
China has long been accused of manipulation, although not as much in recent years, as the value of the yuan has risen. Among TPP signatories, Vietnam is sometimes accused of the practice.
Congress has made clear it sees currency manipulation as a big problem for U.S. exporters and pressed the Obama administration to address it as part of the TPP talks, as have some manufacturers, such as Ford Motor Company.
Currency manipulation has also become an issue in the presidential campaign, with Republicans such as Donald Trump vowing to take a tougher line against countries that practice it.
Democrat Hillary Clinton has said the TPP's failure to adequately address currency manipulation was a factor in her decision to oppose it.
Paper Boy” eagle has landed An expression heard monthly over the PA system in schools informing teachers that their paychecks are in. ALSO USED THE EXPRESSION IN THE MILITARY WHEN THE PAYCHECKS HAD ARRIVED AND WERE READY TO BE HANDED OUT.
Klave: A good friend sent me this email this morning.
Old Farmer's Advice
Your fences need to be horse-high, pig-tight and bull-strong.
Keep skunks and bankers at a distance.
Life is simpler when you plow around the stump.
A bumble bee is considerably faster than a John Deere tractor.
Words that soak into your ears are whispered…...not yelled.
Meanness don't just happen overnight.
Forgive your enemies; it messes up their heads.
Do not corner something that you know is meaner than you.
It don't take a very big person to carry a grudge.
You cannot unsay a cruel word.
Every path has a few puddles.
When you wallow with pigs, expect to get dirty.
The best sermons are lived, not preached.
Most of the stuff people worry about, ain't never gonna happen anyway.
Don 't judge folks by their relatives.
Remember that silence is sometimes the best answer.
Live a good and honorable life, then when you get older and think back, you'll enjoy it a second time..
Don 't interfere with somethin' that ain't bothering you none.
Timing has a lot to do with the outcome of a rain dance.
If you find yourself in a hole, the first thing to do is stop diggin'.
Sometimes you get, and sometimes you get got.
The biggest troublemaker you'll probably ever have to deal with, watches you from the mirror every mornin'.
Always drink upstream from the herd.
Good judgment comes from experience, and a lotta that comes from bad judgment.
Lettin' the cat outta the bag is a whole lot easier than puttin' it back in.
If you get to thinkin' you're a person of some influence, try orderin' somebody else's dog around.
Live simply, love generously, care deeply, speak kindly, and leave the rest to God.