Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday Night Chat 3-19-16 Part 2 of 3
rcookie says():ARTICLE VIII IS FIRST...I POSTED THE PROCESS AND STATUS TODAY.....
rcookie says():THE SECTION ON PROCUREMENT OF POWER ALONE..........
wmawhite says to clay01():could the statement by the IMF about enter the economy market include the WTO????????Hmmmm and how does Iraq conduct international commerce without Article 8?
clay01 says to wmawhite():that is a good question, lol
rcookie says():THEY DONT HAVE 1/4 OF THE NEEDED POWER ASSETS FOR EXISTING NEED....
NOW FACTOR I THE HUGE INFLUX OF INTERNATIONAL AND DOMESTIC PRIVATE SECTOR BUSINESS....HOW DO THEY OPERATE...HOW WOULD THEY HAVE OPERATED 2..3..4..YEARS AGO...
clay01 says to wmawhite():I would have to say through the Petro Dollar,
wmawhite says to rcookie():SERIOUSLY!!!!!!!!!!!!!!! the World Bank has published a document for the world to use and the document is what????????? How to start/ how to do.....business in Iraq. Amazing!!!!
wmawhite says to clay01():Petro Dollar........really???? That is what they have now and have been doing for how many years and Iraq is dying on the vine.
clay01 says to wmawhite():you asked how they did business, that is how they do business, they are not yet a full member of the WTO, unless i have missed something
wmawhite says to rcookie():My point is...............can we not see what is coming down the world...............Iraq has all of these volunteers preparing the way for the world into Iraq.
clay01 says to wmawhite():of course, IMF, WTO, prosperity
wmawhite says to clay01():*coming down the road......
clay01 says to wmawhite():coming down the road, ageed
rcookie says():AND THEY HAVE MET ALL CRITERIA SINCE 2013...HMMMMMMM...AND JUST FINISHED AN IMF METAC WORKSHOP ON THE EXACT ARTICLE VIII MISREPORTING OBLIGATION BREACH IN 2013..LAST WEEK TITLED FISCAL REPORTING TRANSPARENCY....
Baxter1243 says):are we still waiting on AMNESTY... Investment banking Laws... Federal Court Laws...? You know .. the same ones?
rcookie says():AS A MATTER OF FACT LOOK AT THE 50 IMF METAC WORKSHOPS AND SYNOPSIS....AND COMPARE & CONTRAST AGAINST THAT WB REPORT I JUST GAVE THE LINK FOR....THE PARALLEL & OVERLAP IS RIDICULOUS!!!.....
wmawhite says to Baxter1243():No.....the Investment Law amendment was completed back in December 2015.
Baxter1243 says():Ok... how about Amnesty? I know... the reform part is what we are waiting on
wmawhite says to Baxter1243():Also,...the move into the world market is NOT dependent upon the Amnesty Law. Instead, it is dependent upon what is in the Technical Letter of Intent.
wmawhite says to Baxter1243():Np.......nowhere in the IMF document does it say anything about the reformers. The move into the markets and the reforms that Abadi is pushing are two separate issues.
rcookie says():HAS ANYONE NOT SEEN THE LIST OF INDICATORS AND INITIATIVES BY CATEGORY ON THAT LIST.............
Baxter1243 says():I am in my 11th year of waiting for him to PUSH... :)
wmawhite says to Baxter1243():Have ever read any of the information that rcookie and I continue to explain to you?
Baxter1243 says():Yes.. I have read them.... I have read a lot of stuff...
rcookie says():NO...THE LONGEST ANYONE VOULD HAVE BEEN WAITING ON ABADI IS ABOUT A YEAR....AND I JUST SPENT THE LAST HOUR AND A HALF SHOWING HOW ABSURD IT WAS TO BE LOOKING AT THAT PROSPECT...EVER...IN THE PAST...REGARDLESS OF TIME....THE LONGER IN YEARS...THE MORE ABSURD AND LUDICROUS!!!
wmawhite says to Baxter1243():OK.....then you know that those laws have zero to do with the markets and that the reforms are a totally different issue.
jimplants says to wmawhite():you b busting a lot of bubbles
wmawhite says to jimplants():As different as walking or flying...........two different set of issues.
rcookie says to Holly1():THEY ARE STILL WHINING ABOUT LIQUIDITY ISSUES WITH BOTH CURRENCIES IN THE MARKETPLACE...
rcookie says to Holly1():THE IQD LIQUIDITY CRISIS HAS BEE A WELL ESTABLISHED PROBLEM WITHIN THEIR ECONOMY & MARKETPLACE.....
rcookie says to wmawhite():MR WHITE...YOU WANT TO DO THE USD FACTOR....
wmawhite says to rcookie():I am out of oxygen.............LOL
wmawhite says():Does everybody understand why Iraq uses the USD?
puffdragon says to wmawhite():Oil sales in US dollars only ?
wmawhite says():The first couple of days following the US enter Iraq we dumped 100s of billions of USD into Iraq so that they could survive as a country..........they had to continue to fed themselfs.
wmawhite says():and today, because the IQD is not openly accepted on the world market, Iraq uses the USD as its currency.
Baxter1243 says():wonder if they ever paid us back for those 100 of billions of dollars of USD?
wmawhite says():IMO,.......we are finally at the point in time when the auctions are going to be reduced because the USD will start to be reduced inside of Iraq and the IQD will be the currency of choice and it is accepted in the world markets.
jtank says():worth more
pinklady says():And... tomorrow would not be too soon... :)
wmawhite says():Of course,..........with a reduction in the price pre barrel of oil........there is less USD flowing into Iraq. wmawhite says():Therefore, less liquidity...........
pinklady says():said with a positive attitude and great excitement!!!
wmawhite says():Itis quite intersting how so much of these issues have continued to push Iraq in the direction we needed them to go.
rcookie says to Holly1():BUT AGAIN...THEIR DAILY GRIND OUTLINING THE AUCTION FAILURE...ITS IMPACT ON THE ECONOMY AND PEOPLE....IS LIKE SEEING A PERSON DROWNING AND DESCRIBING THE WATER TO THEM.......
Holly1 says to rcookie():yes it is for sure
sheila3 says to chickadee():havent heard anything
wmawhite says():Folks.....it is difficult to be confused with all that is happening. There are many pieces in play at one time. Besides what we are looking for, Iraq is pushing forward with reforms that will help many years down the road.
wmawhite says():For those folks who want to know where we are concerning Article 8, here is exactly what the IMF has told the world:
wmawhite says():19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.
wmawhite says():And that is paragraph #19 from the document of December 22, 2015 that rcookie speaks about.
rcookie says():AND THIS IS THE SECTION WITHIN ARTICLE VIII THAT OUTLINES.....
wmawhite says():Two items............two items.............it is in the words of the IMF.
rcookie says():Section 3. Avoidance of discriminatory currency practices
No member shall engage in, or permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any discriminatory currency arrangements or multiple currency practices, whether within or outside margins under Article IV or prescribed by or under Schedule C, except as authorized under this Agreement or approved by the Fund.
If such arrangements and practices are engaged in at the date when this Agreement enters into force, the member concerned shall consult with the Fund as to their progressive removal unless they are maintained or imposed under Article XIV, Section 2, in which case the provisions of Section 3 of that Article shall apply.
wmawhite says():Nothing about where Maliki is living....nothing about the Green Zone.
flint says to rcookie():Thanks for this link rcookie thanks for the link: I will look into this for when I will have assets to invest.
rcookie says to flint():THE METRICS & ANALYTICS CONTAINED I THAT REPORT...IS MORE OF AN INDICATOR AND BAROMETER OF THE RELEVENT NEWS FROM IRAQ IN RELATION TO THE PROGRESS WE ARE WATCHING EVERY DAY...
rcookie says to flint():LOOK AT EVERY ONE OF THE TOPICS COVERED IN THERE...AND ASK YOURSELF IF YOUVE SEEN NEWS...LAWS...ACTIONS TAKEN TOWARDS THOSE THINGS...
rcookie says to flint():EVEN IN LAST 2 MONTHS.....IT IS AMAZING...
rcookie says to flint():ALTHOUGH IT COULD BE...WAS NOT MEANT AS PROSPECTUS....
poppy3 says():PROGRESS HAS BEEN TREMENDOUS IN THEIR MARKETPLACE AND LEGAL DEPARTMENTS BUT THAT DOESNT GET US PAID. WE REMAIN IN THE DARK ON REFORM OF CBI BANKING , FULLY FUNDING THE BUDGET.
MANY THINK ARTICLE 8 BRINGS RV BUT IT IS JUST ANOTHER STEP IN THE RIGHT DIRECTION. I READ ALL THIS STUFF FOR YEARS AND THEIR POLITIC'S AND DISPISE FOR YOU AND ME AS INFIDELS TELLS ME NOT TO WASTE MY TIME AND TAKE PRESIOUS TIME FROM THINGS THE REALLY MATTER IN MY WORLD AND YOUR AND THEY ARE SO MANY .
IF THE USA POLITIC'S DON'T CHANGE THE MONEY YOU ARE ABOUT TO RECIEVE WILL NOT HELP US NEAR AS MUCH AS YOU THINK. POPPY3
cjquade54 says():I could be wrong but I always thought a monetary change was a prerequisite for Art 8
Baxter1243 says():so did i..
poppy3 says():THE RV IS COMING AND JUST LIKE YEARS PASSED THE TIMING IS AND HAS BEEN THE ONLY THING WE DO NOT KNOW. WE ARE IN THE BEST POSITION EVER TO BECOME WINNER FOR OUR FAMILIES
BUT THAT TIMING AND DATE OR THE AMOUNT OF THIS BLESSING IS PURE GUESS WORK. I APPALUDE EVERY ONE INVESTED THAT CONTINUES TO STAND STRONG IN FAITH KNOWING WE WILL WIN.
JUST DON'T SPEND TIME THAT COULD BE FOR FAMILY READING ABOUT THEIR MOVES THAT ARE 90% LIES JUST REST SET BACK WITH FRIENDS SPEND QUALITY TIME WITH GOD .
STUDY HIS WORDS , STUDY THINGS TO PROTECT THESE FUNDS ONCE THEY ARE RECIEVED AND ENJOY LIFE. REWARDS WILL FOLLOW WHEN YOU LEAST EXPECT IT. POPPY3
rcookie says():WE ARE NOT IN THE DARK ABOUT REFORM ON CBI BANKING....WHAT...THEIR 5 YEAR ECONOMOC AND STATISTICAL DATA PLAN...DIRECTLY FROM THE IMF & WB IS ON THE CBI WEBSITE!!!!!!!!
rcookie says():BRIGHT AS DAY....TRANSPARENT AND CLEAR AS EVER.....