[lightingcslt] ok all I have been thinking again and boy did the light bulb go off again last night
[lightingcslt] I want to bring something in give me a second
[lightingcslt] The parliament session in the presence of 175 deputies 07-05-2013 12:24 PM Baghdad (news) .. The session was held twenty to the House of Representatives in the presence of 175 deputies. said reporter Agency (news): The agenda of the meeting includes a vote on the health of the membership of Thamer Ibrahim Zahir and vote on a draft law amending the Social Welfare Act, and vote on the draft law on accession of the Republic of Iraq to the Convention on the Arab Organization for information and communication technology, and the first reading of the draft law amending the Penal Code. added: that the agenda of the meeting also includes the first reading of the draft law on the first amendment to the law of the Supreme National Commission for Accountability and Justice No. 10 of 2008, and the first reading of the draft law amending the Penal Code No. 111 of 1969, and reading first bill seizure and confiscation of movable and immovable property belonging to the pillars of the former regime. will also be the second reading of the draft Labour Code and the second reading of the proposed law first amendment to the law of service and retirement of Internal Security Forces, and the second reading of the draft law second amendment to the tariff law
[lightingcslt] now I want you all to look at the last paragraph of that article "will also be the second reading of the draft Labour Code and the second reading of the proposed law first amendment to the law of service and retirement of Internal Security Forces, and the second reading of the draft law second amendment to the tariff law"
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[lightingcslt] look the second reading of the tariff law. You know what that means ? That means its read again then put into law which I believe will be tommorow. Folks that is huge for us ! What does tariffs mean to you all ? Tariffs mean taxes will be put on all importing and exporting goods which means what ? Money and lots of it ! Now when they take place what you think is going to happen next ? The price of goods are gonna go up which in turn brings what ? INFLATION, right ?
[lightingcslt] So now we have tariffs in place and I firmly beleive the reason they didn't get into the WTO is because they didn't have taxes on their goods but now that they will have them don't you think the World Trade Organization is going to look at them as a world trade country ? Yes of course they are. So, in my mind the WTO is going to let them join into the organization
[lightingcslt] Now I bring this in because there is going to be a problem for the CBI. First thing is they have been keeping inflation in check for quite sometime now but when these tariffs take effect the price of goods housing and everything is going to go up which once again is going to raise the inflation percentage. Also the CBI is going to have another problem. In order for Iraq to join the WTO they also need an international tradeable currency . Well if the WTO is going to let them in that means the heat is gonna be put on the CBI to make THE DINAR a real currency to be tradeable and exchangeable throughout the world.
[lightingcslt] To me all this is awesome news, things are getting done one at a time. You see we have had many times hearing great news just to be let down again . Well there is not going to be anymore let downs from here on out. Too late for Iraq to turn back now and with HCL oil and gas being put into one law there is no turning back ! Get ready all , this roller coaster ride is about to stop for good !
[tlm724] lightingcslt thank you awesome chat once again !!
[mathews99] lightingcslt ty very much !!!
[beekeeper] lighters very good thank you
[Shunshine] Wonderful job tyvm lightingcslt
[marjans] lightingcslt ty great chat
[dinardoe] great...nice job lightingcslt, you know, we all read that and missed the important points you showed us tyvm
[campdav] lightingcslt Great stuff *slap* hi fives around the board
[lightingcslt] hey there is much more coming, all these last few days in the news has been nothing but positive things that I will bring to you all when I digest them thank you all.