Post From Dinar Updates 2-12-16
Excerpts & Highlights
Dinar Updates Member Afternoon Chat 2-12-16 Part 1 of 2
tman23 says to CanTWaitwoRV(): With the world markets in a death spiral and big money seeking safe havens (where ever that might be today LOL )........ Iraq in my eyes is far from being that safe haven...
and considered very high risk. What is being shown is more of countires loaning money to Iraq......
So Germany (Merkel) just announced 500 million plus Euros to Iraq...And the citizens of germany are ready to throw her out of office head first......
But the fact being Europe and others want Iraq to stabilize asap........the immigration from the ME and the migrants through out Europe have become unruly and unwelcomed........
Seems much wiser to invest and support these people and keep them inside their own borders... But world governments are slow in growth and funds....running out of "grease"...
CanTWaitwoRV says to tman23(): yea...wonder if the ESF budget still flowing or almost emptied?
CanTWaitwoRV says to tman23(): that ESF mystery you brought up last year was/is a zinger
jarhead says(): i love zingers....especially the ones with coconut :D
tman23 says to CanTWaitwoRV(): The question is.......How much longer can the world economy hold on ?? I received 3 phone calls this morning where 3 different contracts, all different companies were cancelled at the 11th our....(last minute)...... Nothing tied to Iraq......
But big money from fortune 500 companies...... The chatter about it is not good......money is getting pulled back and appears deep cuts are planned......
CanTWaitwoRV says to tman23(): wow
R&R says to CanTWaitwoRV(): HaiderAlAbadi 12m12 min ago -- Prime Minister Dr. Haidar Abadi receives, in his residence in Munich, the Egyptian Foreign Minister.
CanTWaitwoRV says to tman23(): I know. It's all out in the open now obvious
jarhead says(): seems the world is in trouble
tman23 says to CanTWaitwoRV(): Also read where the Supreme Court has ruled to "freeze" (no pun intended lol) Obamas clean energy act...... which is an embarrassment to the Climate Change policy and what was just held in Paris.....
Without getting into detail, the project investment was mentioned at a cost 12.7 trillion dollars (all countries)...... Then with in hours of the ruling.....’
Australia cut 111 climate change scientist from payroll...... The Supreme Court ruling this early in law suits filed is viewed as unprecidented by legal scholars this early in a case.....
CanTWaitwoRV says to tman23(): wow 12.7 trillion? How ironic...I was just about to post this 5 minutes ago and didn't but now I gotta
CanTWaitwoRV says to tman23(): 637 Rate Cuts And $12.3 Trillion In Global QE Later, World Shocked To Find "Quantitative Failure"
Submitted by Tyler Durden on 02/12/2016 - 11:30 2016 is shaping up to be the year that everyone finally comes to terms with the fact that the monetary emperors truly have no clothes.
CanTWaitwoRV says to tman23(): "$12.3 Trillion In Global QE"....somebody lookin for a backdoor bailout!? (lol)
And then read UN Kubas saying that civil unrest begins with austerity that cuts into citizens lives .......(not his exact words but same point)....... They certainly understand that this unrest is growing global because of a poor world economy.... ‘
Then janet Yellen speaks on the possibility of withdrawing the quarter percent rate hike and doesn't exclude the possibility of a negative interest rate....... Seems like the edge of the cliff is getting closer........AND you have to wonder how far are the powers willing to go with this game of chicken......
CanTWaitwoRV says to tman23(): Hey Janet how is that 1/4 point interest rate announcement move working out? Yea, everything is awesome – lets go for another 1/4 point!
CanTWaitwoRV says to tman23(): personally at some point there are unintended consequences even for the ptb imo
CanTWaitwoRV says to tman23(): personally I think
rcookie says(12:57 PM): WOW...ABADI DOING HARD SELL TO GERMAN BUSINESSES AND INVESTORS THIS MORNING....
Abadi German companies: investment opportunities are welcome to participate and the development of Iraq's economy History of edits:: 12.02.2016 13:36 • 208 visits readable
rcookie says(): Abadi Office announces the formation of a committee to select candidates for the management of the ministries after the parliament approves
He wrote: February 12, 2016
Office of the Prime Minister Haider al-Abadi announced the formation of a committee of experts and professionals and specialists from inside and outside the Prime Minister's mission is to lay the foundations and conditions and criteria for senior cadres in the state of Deputy Ministers and advisers and special grades.
Read More :http://www.dinarupdates.com/showthre...866#post144866
rcookie says(): He said the office's spokesman Saad al-Hadithi in a press statement that it will be through the selection of new candidates instead of the ministers, who planned to Prime Minister Haider al-Abadi change them if the political blocs agreed in Parliament on this change.
Pointing out that he will subdue all senior cadres in the state and those with special grades of Deputy Ministers and advisers, experts and heads of independent bodies to these standards and did not have the conditions to be offered will change indicating that the list be replaced will be announced after the House of Representatives approval of the above, the President of the names of the ministers about fundamental change minister.
Read More :
rcookie says():OK...ANYONE AWAKE..
Hutch says to rcookie(): I'll bite!
rcookie says(): TRIED TO BRING IN EARLIER...
rcookie says(): OK...HAD SAID YESTERDAY WOULD PUT OUT SOME IFORMATION ABOUT IRAQ'S PARTICIPATION IN FEB 1-5 IMF METAC TECHNICAL ASSISTANCE WORKSHOP...’
INSIGHT AS TO WHAT WAS COVERED AND TAKEAWAY...PROGRESS SINCE LAST YEARS WORKSHOP...
AND HOW THE ISSUES COVERED PERTAIN AND APPLY TO LETTER OF INTENT/MEMORANDUM ECONOMIC & FINANCIAL POLICIES AND TECHNIAL MOU...AND IMF STAFF MONITORED PROGRAM....
rcookie says to Hutch(): HEY HUTCH..
Hutch says to rcookie(): Hey, Was afraid I missed this earlier while I was out.
rcookie says(): FEEL LIKE SEEING NOW...OR WAIT FOR ANOTHER TIME..
subgirl says to rcookie(): NoW!!!!!!
Hutch says to rcookie(): Now is perfect
Hutch says to rcookie(): They may RV and we'll never see it
rcookie says(): OK EVERYONE SAW ANNOUNCEMENT ABOUT IRAQ'S PARTICIPATION IN METAC WORKSHOP..
subgirl says to Hutch(): yes
rcookie says(): IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues
Press Release No. 16/48 February 8, 2016
The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016. The workshop addressed specific price statistics compilation issues of participating countries.
International standards and best practices were discussed with regard to the compilation and dissemination of price indexes.
The interactive workshop facilitated extensive discussions and included practical exercises. In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.
Read More : http://www.dinarupdates.com/showthread.php?29795-Imf-metac-workshop-iraq-price-index
jeffjane says(): One thing I am confident about is, when it RV's we will know. How do I know, we have rcookie
rcookie says(): Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop.
In total, 24 participants from eight countries attended. The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.
http://www.imf.org/external/np/sec/pr/2016/pr1648.htm bad link
Read More :http://www.dinarupdates.com/showthre...aq-price-index
rcookie says to jeffjane(): AWE SHUCKS...LOL
rcookie says(1): SOUNDS GREAT RIGHT...THIS WORKSHOP...BUT VAGUE...
Hutch says to rcookie(): an "in general" statement
Hutch says to rcookie(): Doing the math ....
rcookie says(): OK....NOW AS A BACKDROP READ THIS FROM WORLD BANK....
rcookie says(): THIS IS FROM FEBRUARY 2014....
rcookie says(): IRAQ: Public Financial Mgmt Reform
The objective of the Public Finance Management (PFM) Project is to support the Government of Iraq's (GoI) efforts to develop more effective, accountable, and transparent public financial management.
The project has four components:
1) strengthening budget formulation and implementation;
2) strengthening public sector procurement;
3) strengthening budget execution and implementation; and
4) capacity development and project management.
To achieve component goals, the project finances international and local technical assistance, limited procurement of goods, and significant capacity building measures for relevant public sector staff.
The eventual outcome of the project is that relevant government authorities in Iraq, at all levels, have new systems in place, including the appropriate training framework, to enable them to provide the more effective, efficient, and transparent, management of public resources.
rcookie says(1:38 PM): The project focuses on a few critical activities deemed achievable in a relatively short timeframe. In each component, the focus is on relatively straightforward 'process' interventions, capacity building, and donor coordination.
These design features are based on lessons from the last few years of experience with projects in Iraq as well as the lessons from PFM projects in post-conflict situations.
IRAQ PFMP Public Financial Management Program February 28, 2014
Read More :http://www.dinarupdates.com/showthre...t-Program-PFMP
rcookie says(): SO BOTH HAVE PUBLIC FINANCE MANAGEMENT AS CORE VALUE PROPOSITION AT HEART OF PROGRAM...
Hutch says to rcookie(): Its the nucleus
rcookie says(): OK....SO NOW BACK TO IMF TECHNICAL ASSISTANCE & METAC
rcookie says to Hutch(): YES IT IS..
rcookie says to Hutch(): THIS IS THE TAKE WAY OF THE 2015 METAC WORKSHOP...
rcookie says(): PAGE 21 IMF METAC SECTION II TECHNICAL ASSISTANCE ACTIVITIES IN 2015
rcookie says(): http://www.imfmetac.org/Upload/File_802_82.pdf
rcookie says(): • For Iraq, METAC conducted an ESS mission for Iraq in Jordan.
The mission: (i) assessed progress made in implementing the action plan agreed during the IMF’s Statistics Department’s (STA) December 2013 mission;
(ii) reviewed the latest balance of payments data and explored the reasons for the large errors and omissions;
(iii) provided training on key compilations issues, including transactions and positions arising from oil contracts, and international services; and
(iv) provided guidance to the Central Bank of Iraq (CBI) in improving the coverage and timeliness of balance of payments and IIP statistics.
rcookie says(): SO THIS HAS ACTIONS GOING BACK TO 2013....
rcookie says(THESE POINTS WERE SPECIFIC TO IRAQ....
Hutch says to rcookie(): Is this what helped lead to renegotiating the oil contracts?
rcookie says(): YES IT IS...AND THE FACT THEY WERE GETTING SHAFTED.....
Hutch says to rcookie(): Big Time !
Comments may be made at the end of Part 2 Thank You