Post From Dinar Updates 2-28-16
Chat Room Excerpts & Highlights
Dinar Updates Sunday AM Chat 2-28-16 Part 1 of 3
clay01 says( i dont know what your talking about, :D
designbyg says( :D
clay01 says( trying to kick start the crowd :D
clay01 says( cant find the throttle though, :D
designbyg says( ya.....good luck with that one on a sunday morning...... :D :D :D
clay01 says( i see your point :D
designbyg says( i find a Hibatchi and a hand grenade works.....sometimes.....
clay01 says( (lol)
wiley says( Joel Osteen's message today " Your Set Time For FAVOR "
dennis2 says to wiley( Did he give a date & a rate? lol
wiley says to dennis2( Ha, even he won't do dat
designbyg says( what if there is no 'date'?
designbyg says( imo, this is a progression of events...some have timeframes, some dont...as much as i'd love to look for a date in all of this, the events will dictate when things are due...
designbyg says( Had there been an actual emergency, you would no longer be here.
larrykn says( gm rcookie what is this about Iraq bring in currency bonds next month and the lifting of the dollar exchange rate,, sounds like they are about ready to do this :)
rcookie says to designbyg( WOW!..
designbyg says to rcookie( i know right? :D
rcookie says to larrykn( ALREADY HAD 1 AUCTION THIS MONTH ON 4TH....
rcookie says to larrykn( ENTIRE LIST OF CABINET TECHNOCRATES WITHIN 10 DAYS....
larrykn says( wow, we don't have to guess as to where we are at ,, they are telling us where they are at :)
designbyg says to larrykn( you just wait for that pole-shift to happen, then we'll see who is basking lol lol
larrykn says( lol
rcookie says to larrykn( YES...AND THEY HAVE BEEN ...JUST NOT WITH TELEGRAPH OF A SPECIFIC DATE...
rcookie says to larrykn( THE REPORTS LAST NIGHT CONCERNING INTERNATIONAL AUDIT OF MOF & CBI WERE ALMOST VERBATIM OUT OF THE IMF LOI.....
larrykn says( well I'm not saying they are giving us a date but we just can't be that far off now
larrykn says( I'm sorry we been getting ready to move so I havent' been around to much these last few days I'll go read that report is it in the new section
rcookie says to larrykn( THERE IS SO MUCH NEWS RIGHT NOW THAT DIRECTLY CORRELATES TO IMF BANKING SUPERVISION INITIATIVES....
larrykn says( rcookie what is your opition on were they are at on corruption?
rcookie says to larrykn( HOLLY BROUGHT IN INT'L AUDIT PIECE...AND I POSTED THE EXACT PART OF IMF LOI...
larrykn says( in chat yesterday, do you know what time that was :)
rcookie says to larrykn( THEY ARE ROCKIN ON CORUPTION....4000 CASES ALREADY TO INTERIOR & INTEGRITY... WAS LAST NIGHT...PRETTY LATE..
rcookie says( Economists: billions of dinars from drained state coffers through the social protection network 2016/06/28 (00:23 pm) - hits: 32 - count (3585) Baghdad Ibrahim Ibrahim
Read More :http://www.dinarupdates.com/showthre...ection-network
designbyg says( Having children is like having a bowling alley installed in your brain
wmawhite says( THERE IS SO MUCH NEWS RIGHT NOW THAT DIRECTLY CORRELATES TO IMF BANKING SUPERVISION INITIATIVES..................................
Rcook ie, any doubt why the IMF told the world during November 2015 that their expectation was for Iraq to enter the economy market during the first half of 2016???
wmawhite says( Folks,..........you have already been told "when" by the one entity that knows more about Iraq than Iraq does.
wmawhite says( All of this information that rcookie brings in here is evidence that supports the previous statement by the IMF and IMO shows that the "group" of players (IMF, WB, CBI, GOI) are pushing forward with purpose and a timeframe in mind.
rcookie says( GREAT REPORT ABOUT THE BILLIONS OF DINARS DRAINED FROM STATE COFFERS FROM FAILED SOCIAL PROTECTION NETWORK PROGRAMS...
AND THEIR EFFORTS TO RESTRUCTURE MINISTRY OF LABOR AND RELEVANT LAWS TOWARD HUMAN DEVELOPMENT...IN COOPERATION & ASSISTANCE WITH WORLD BANK...
AND PLANS TO MERGE THE SOCIAL SECURITY AND PENSION FUND WHICH HAS RESULTED IN AN ANTIQUATED AND INEFFICIENT PROGRAM OVER LAST 4 DECADES...
LEADINGTO DISFUNCTIONAL SYTEM UNABLE TO VET RECIPIENTS IDENTITY..WHICH HAS CONTRIBUTED TO ERRONEOUS PAYMENTS ...FINANCIAL MISAPPROPRIATIONS...WASTE OF STATE FUNDS...
AND LOOK TO STABILIZATION PLAN IN 3 AREAS..1) SOCIAL PROTECTION NETWORK..2) RETIREMENT...3) LABOR MARKET POLICIES...AND INCREASED BUDGET ALLOCATION FOR 2016 TO FUND THIS PLAN...
AND ACTIVATE CONCESSIONS AND COEXISTANCE BETWEEN PUBLIC & PRIVATE SECTORS...
rcookie says( ^^^^^^
rcookie says to wmawhite( THE INTERNATIONAL AUDIT REPORTS LAST NIGHT ABOUT MOF AND CBI AND RELATED BANKS IS MORE EVIDENCE OF THE SAME.... RIGHT FROM THE IMF LOI...
wmawhite says to rcookie( Always ask.........."why now?"
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( Good Morning wmawhite. Many are putting a lot of significance on the WTO membership deadline for international currency. I read that anews article yesterday that the WTO top officals were welcoming Iran as a memnber. Could you comment on that as a catalyst?
wmawhite says to rcookie( "What is the purpose?"
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]( That is, IMO, grear news economically for the region and of course, Iraq will benefit.
rcookie says to wmawhite( AGREED...WHY NOW...WHY NOT BEFORE THIS....WHAT IS TE GOAL...
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]( Iraq will only become stronger economically with any increase in trade.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( Is there really a deadline for FX global trading of March 1 for WTO membership or is that a softy requirement.
larrykn says( rcookie does this sound like the old cbi govenor is coming back
Loopback says( Defining roles Returned Governor of the Central Bank says that among the goals of the strategic financial stability as we work to read the challenges facing this side and we seek to put her plan in collaboration with several entities and defining roles and establishing a basis for the evaluation of assets is an important financial institutions and their role in the face of financial crises.
Read More :http://www.dinarupdates.com/showthre...-27-2016/page2
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]( ): Keep in mind..........so much of this is significant for Iraq years into thefuture...............what we are going to see, IMO, is much more in the near future/timeframe.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( Thank you. Morning rcookie and larrykn. what a pleasure to start off the day with expert news flow.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( Thanks
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]( Answering your previous question........IMO, if there is.....we would never know of it.
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]( Also,........Iraq is in the final stages of review for becoming a ful member of the WTO...........and those final review decisions are never made public until after the diecisions are made.
love it 2 says(): Good morning all ...so we wait on another 90 days til the WTO ?
wmawhite says to love it 2( WTO has nothing to do with what we are waiting for..............the WTO decision is an after the fact event.
rcookie says to wmawhite( TOOK THE WORDS...
love it 2 says to wmawhite( ahh ..ok ..so just sit back and wait ? I'm use to that not complaining at all :)
wmawhite says( What did the IMF tell you in November 2015????
love it 2 says to wmawhite( they never called me :D
wmawhite says( Me either........but I still talk about and understand how all of this is evidence of what they expect to happen.
love it 2 says to wmawhite( I'm glad you understand this mess... because even after 5 years here in the chat... I still have no clue ...but hey it is what it is ....and I'm in it to win it :)
rcookie says to Holly1( THERE IS A PERFECT EXAMPLE TO THE POINTS MADE LAST NIGHT.....
THIS COULD HAVE SIMPLY NOT HAPPENED WITHOUT ACTIVATION & COMPLETION OF THOSE SUPPORTING LAWS AND CONDITIONS TO SUPPORT INTERNATIONAL INVESTMENT AND PRIVATE SECTOR EXISTANCE AND COEXISTANCE WITH STATE RUN BUSINESS....ALL OF THESE THINGS HAVE HAPPENED IN LAST YEAR...
rcookie says to Holly1( LABOR LAWS...SOCIAL PROTECTION NETWORK LAWS...PRODUCT PROTECTION LAWS..USURY LAWS...INVESTMENT & BANKING LAWS....INSURANCE LAWS...COMMERCIAL LICENSING LAWS & ENFORCEMENT...
Holly1 says to rcookie( Iraq is about to set up a financial court to recover his money contraband 02/28/2016
LLN65 says to love it 2( yeah gonna get some coffee and chat with hubby for a few :-* good talking to you!!
Holly1 says to rcookie( BAGHDAD / JD / .. announced the economic and investment commission in Parliament, the intention of Parliament approve the financial Court Act, which puts Iraq under the international standards, which help him to recover all his money contraband.
A member of the committee MP Ahmed Salim told / KD /: to invite the President of the House of Representatives to approve the financial Court Act, it means that the law will be on the parliamentary agenda in the coming period is to be read and then passed.
Holly1 says to rcookie( He added that this law will be through the establishment of special financial court, which will make Iraq as part of the Great State and subject to international standards, which will help him to recover his money contraband and reduce money laundering and financial corruption. / End / 8 /
LLN65 says to Holly1( I like that !! TY (F) LLN65 says to Holly1( progress!
rcookie says to LLN65( GREAT STUFF HOLLY!!...THANK YOU...
Holly1 says to rcookie( Indian ambassador for "tomorrow Press": $ 15 billion, the value of trade exchange between the two countries 02/28/2016 11:39
Holly1 says to rcookie( Tomorrow Press / Baghdad: detecting the Indian ambassador, George Raju, on Sunday, the value of trade exchange between Iraq and India during the financial year 2014 - 2015, and while stressing that it amounted to approximately $ 15 billion. Raju said in a statement for "tomorrow 's Press," that " exchange between Iraq and India , the size ranges from 14 to
Holly1 says to rcookie( 15 million , but we can not now determine the exchange due to lower oil prices , "explaining that" Iraq 's second - largest financier country of oil to India in the region after Saudi Arabia. " and that" over the past year has bought India 's oil crude from Iraq 's $ 15 billion ,
"he said , adding that" the fiscal year 2014 and 2015 , the estimated value of trade exchange between the two countries , during which amounted to 15 billion, and there is less than a billion dollars was for goods other 14 billion of crude oil. " he said the Indian ambassador that" during 2016 We expect to be the exchange of $ 15 billion , or slightly lower because of lower oil prices. "
da58 says to rcookie( check out the 'free market economy' wording here...
Keywords: our ultimate goal of financial stability
2/28/2016 0:00 BAGHDAD - Hussein al - Tamimi Tgb Shokran Fatlawi Central functions he said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy
da58 says to rcookie( after the shift to a free market economy
wmawhite says( Folks,.....the term "free market economy" or "activating the private sector" are another way of describing "entering the economy markets".
wmawhite says( In order for Iraq the have a free economic market, the individual business owner has to have the ability to buy something from outside of Iraq and automatically have it paid for using his/her Iraqi bank account using his/her country's currency.
wmawhite says( Again,.....as I have stated many times.......we will never hear "RV" or "RI" but we have been given the same information....only it has been described in other terms.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( It is interesting that the three largest emerging market invests Franklin , Templeton and I think Fido said that they are putting half of the cash of the portfolios back into the emerging markets due the the ten year low in valuations.
Also constructive on the economic outlook /GDP relative growth rates. Did not mention specific countries but has to be Vietnam, Philipines ....and IMO IRAQ and IRAN when currencies come on line.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( Pointing out how the US dollar has been a major restraining factor in growth a trend that has run its course.
love it 2 says to wmawhite( IYHO ....do you see closure to this by years end ...no pressure to answer and wont hold you to it :)
Holly1 says to rcookie( S&P: Republic of Iraq 'B-/B' Ratings affirmed despite lower oil price assumptions; outlook stable Iraq, February 28, 2016
Holly1 says to rcookie( In mid-January 2016, Standard & Poor's lowered its oil price assumptions for Brent by about $20 per barrel (/bbl) over 2016-2019. We now assume $40/bbl in 2016, and an average of $46/bbl in 2016-2019 (see "Related Research" below).
When we last reviewed Iraq in August 2015, we expected Brent oil prices to average $55/bbl in 2016 and $65/bbl in 2016-2019. Current prices for crude oilin spot and futures markets are about 70 per cent below mid-2014 levels, when prices began to slide. Iraqi crude trades at about a $5/bbl discount to Brent.
Holly1 says to rcookie( Our rating on Iraq is constrained by its war with the so-called Islamic State (IS or Daesh), as well as by its political institutions, which are in an earlystage of development, and sectarian divisions between the Sunni, Shia, and Kurdish ethnic groups. The rating is also constrained by high fiscal and external deficits and, as a consequence, sharply rising debt. Iraq's rising oil production and massive oil reserves underpin our rating.
Holly1 says to rcookie( Iraq has the world's fifth-largest proven crude oil reserves and is the second-largest oil exporter in the Organization of the Petroleum Exporting Countries (OPEC). Oil dominates the Iraqi economy, contributing over 60 per cent of GDP, 90 per cent of government revenues, and more than 95 per cent of exports.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( The fact that agencies didnt
wmawhite says( November 2015....The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed in a press statement............he stressed that Iraq will return to economic market during the first half of next year. http://www.almadapress.com/ar/news/5...84%D8%B3%D9%88 LINK
Holly1 says to rcookie( In recent months, the Iraqi forces and their allies have retaken some territories that IS controls, such as Ramadi (west of Baghdad) and Baiji (the site of Iraq's largest oil refinery). IS previously controlled large areas in the country's north and east. Although it still controls Iraq's second largest city, Mosul, its territorial control of Northwest Iraq has shrunk significantly since our last review.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says( lower outlook ot=r rating since origimnal issue sauys a lot. \
Holly1 says to rcookie( Crucially, over 85 per cent of Iraq's oil fields and production are located in the south of the country close to Basra, the main port for crude exports. These are Shia-controlled areas at some distance from IS-controlled areas and the conflict. Within our rating, we assume that the federal government will remain in control of these assets. They are the key support for the rating.
Holly1 says to rcookie( In 2014, faced by the then-rising IS threat, Iraq elected a new government. In September of that year, Haider Al-Abadi became prime minister. Mr. Al-Abadi isviewed as more inclusive and secular in his approach than his predecessor, which is easing ethnic tensions and improving relations with the U.S., one of Iraq's key allies.
In August 2015, Mr. Al-Abadi announced reform measures, including cuts in the size of government, in response to escalating social protests across the country spurred by electricity blackouts and unsatisfactory social services. Many Iraqis believe that the government reforms have yet to bear fruit.
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