Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday PM Chat 10-02-16 Part 2 of 2
Bgg & MadDScout News Time 10-02-16
BGG says to david334():Here's an article contributed by Hutch in response to 1bobby's ??
Vacant ministries and I will give candidates (Abadi speaking)
Prime Minister Haider al - Abadi said the dismissal of some ministers by Alberlmam not "affect so far on the work of the government." According to al - Abadi in the Political Commission of the National Alliance told a news conference after the meeting today , "I am not [Superman] [Superman] to run these ministries vacant , and I will Garibao candidates. "
Great point Hutch.
BGG says():Dude - biking and typing do not mix. That is gonna' get you hurt.
david334 says to MrsBGG():last one few days ago articles on our site talked about severe shortages of dinar
BGG says():see?? Typing all by itself can be a sketchy proposition.
david334 says to MrsBGG():I have fallen off tread mills and lived died of embarassment
BGG says():Yup - fact.
BGG says to david334():Seriously - you sound so out of breath.
david334 says to MrsBGG():i am i need my BGG fix cant help it
BGG says to david334():Now you know how Trump feels at 3 AM
david334 says to MrsBGG():LOL
BGG says():BRB - getting something important...
SRW says to BGG():There was an article brought in by Rcookie and discussion about the US congress holding up the IMF Loan payments. There was so much back and forth comments that I don't know what is right or wrong? Can you help me on this please!!
BGG says to SRW():I was just about to repost the whole thing...
that is what I was looking for.
SRW says to BGG():Thankyou!!
BGG says to SRW():and - the bulk of those articles and comments were some of what I was commenting on earlier (in general)... Lots of VERY enlightening comments coming out of Iraq right now...
No need to "speculate" - they are telling us what's up.
BGG says(US Congress frustrates the recovery of the Iraqi economy plans
Republicans reject the grant of security to the Iraqi bonds, the view from the United States because of the frustration of the penetration of corruption and control of Iran and the marginalization of the year.
Washington disappoint the expectations of Baghdad
WASHINGTON - Iraq thwarted plans to raise two billion dollars from the global debt markets this week to fill the budget caused by lower oil prices gap after the US Congress refused to guarantee half the value of the bonds.
Iraq had said it is seeking to issue bonds worth one billion US dollars guaranteed in full in order to reduce debt costs before other bonds issued one billion dollars as part of the 2017 budget, which enjoys the support of the International Monetary Fund.
These funds will complement the agreement with the International Monetary Fund for a loan worth $ 5.34 billion over three years, which the Fund has agreed in July in exchange for economic reforms. Baghdad hopes that the agreement opens the door to get more than $ 12 billion in additional aid from other sources such as the World Bank and the Group of Seven major industrial countries.
He acknowledged the Western Allies of the importance of the need to protect the fragile economy of one of the most important Organization of Petroleum Exporting Countries members (OPEC) from collapse, which could threaten to undermine the military gains made by the Iraqi forces and the international coalition that the United States led to the organization of the Islamic State militant. These forces seek to regain control of the city of Mosul, a stronghold for militants later this month.
US President Barack Obama's administration requested that the guarantee granted under the "Extended Resolution" - a temporary legislation that would allow the US government to continue its work until the approval of the more permanent decisions regarding spending - but not yet to respond to this request in the final version passed by Congress Wednesday.
Lawmakers said they sought to remove the side issues outside the spending bill to ensure into force before the start of the new fiscal year, which begins Saturday.
The bulk of the following commentary was brought in by RCookie earlier... (unless I note otherwise... )
rcookie says: READ WELL!....
BGG says():larrykn says: I don't know why you say holdup, I didn't know we knew it was going to happen right now, but I think after reading what Rcookie brought in it looks like what they were expecting out of the IMF as been delayed
BGG says():rcookie: IT'S IN THE 2016 AND 2017 BUDGET SO...WON'T BE EXECUTABLE...
"EXTENDED RESOLUTION" NOT PASSED...
MrsBGG says to david334():Please hold
BGG says():SO THE ECONOMIC REFORMS EXECUTED BY IRAQ IN RETURN FOR THE $5.3 BILLION AND SUBSEQUENT $12 BILLION IN DEFICIT BRIDGING FUNDING - THAT WAS AGREED ON IN JULY...
BGG says():WHAT DID SHABIBI SAY WAS MOST IMPORTANT DETERMINANT TOWARD MONETARY REFORM??
bookumdano says():Low inflation
BGG says():woodguy: I say loans
NO...IRAQ STRUCK DEAL IN JULY TO COMPLETE MONETARY REFORMS INCLUDED IN 2017 BUDGET....WHICH THEY DID...AND US HAS NOT HELD ITS END OF THE BARGAIN AS FAR AS GUARANTEEING HALF OF THE BONDS...WHICH WERE IN THE 2016 BUDGET AS WELL AS THE PENDING 2017 BUDGET...
BTW - I am reposting because this was a particularly brilliant and DIRECT commentary on where we are today...
THEY ARE SAYING THEY ARE GOING TO DELAY THE BONDS THAT WERE SCHEDULED TO BE LAUNCHED BEFORE END OF 2016 ...TO EARLY 2017 BECAUSE US CONGESS FAILING TO APPROVE...
THAT WILL BECOME ANOTHER AMENDMENT TO 2016 BUDGET LAW THAT WILL HAVE TO BE ADDRESSED...
(several were worried this was somehow another "hold-up")
BGG says():WHAT DID SHABIBI SAY WAS MOST IMPORTANT DETERMINANT TOWARD MONETARY REFORM... (AGAIN)??
BGG says():THE LOAN EFFECTS BUDGET EXECUTION...NOT CURRENCY REFORM.
Dr Dave says():political stability
dale: Inflation and getting a handle on corruption.
Dr Dave says():economic???
SRW says to BGG():Is the US congress holding up the IMF Payments? Does the US have that much power over the IMF? Inflation and corruption!!
MrsBGG says to SRW():Please hold
BGG says():RCookie's Next article...
Annual inflation index registered a slight decrease in Iraq
BGG says():Roudao - Erbil - Annual inflation index in Iraq decreased slightly by 0.2%, during the period from August / August 2015 and up to the same month of 2016, while the monthly inflation index rose in August.
A spokesman for the Ministry of Planning and Cooperation of the Iraqi Development, Abdul Zahra al-Hindawi, said in a statement, "The decline affected by lower food and beverage prices rose 0.2%, in addition to lower tobacco division by 8.8%, as well as lower recreation and culture department by 6%."
Hindawi said that "the total monthly expenditure on goods and services covered by the price survey accounted for 88 percent of Iraq's total per capita spending."
According to the Ministry of Planning statement, too, that the inflation index rose in August, compared to July last two.
Spokesman for the ministry in the report said that "the Central Bureau of Statistics of the Ministry completed the inflation report last August, on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all provinces of Iraq," explaining that "inflation index rose 0.8% compared with last July. "
Hindawi said that "the rise was the result of rising food prices and non-alcoholic beverages by 1.7%, higher housing department by 1%, in addition to the high section of goods and services increased by 0.9%," noting that "the survey which was conducted during July did not include the three Iraqi provinces because of the situation security witnessed in these provinces. "
On 23 August, it announced that the Iraqi Ministry of Planning, the high inflation index increased slightly for the month of July last down 0.1% for the month of June of the same year.
BGG says():BOND DELAY AFFECTS THERE ABILITY TO EXECUTE THE BUDGET AND ADDRESS THE DEFICIT THESHOLDS SET BY THE IMF...
RCookie then followed with article after article illustrating Iraq's DEEP DESIRE to deal with their corruption problem (we here in the U.S. might learn a thing or two - the very fabric of our nation is at stake)...
BGG says():So - if, as Dr Shabbibi said - it's about inflation and corruption - these things are being dealt with directly - as is ISIS.
BGG says():It's NOT A MESS - it appears they are making direct and rapid progress as per their agreements, directives and oversight from the IMF from the summer and before.
BGG says to SRW():OK, now - go ahead.
SRW says to BGG():Above question? Please!
BGG says to SRW():I think I just answered that - as did RCookie.
BGG says to SRW():It's NOT A MESS. It's IN THE WORKS NOW!!
BGG says to SRW():You're mixing apples and oranges.
SRW says to BGG():It takes the bitter out!! I guess!!
BGG says to SRW():Congress left the bond guarantee funds out of our immediate budget. That's all - and as per the above commentary - and Dr. Shabibi - DOES IT MATTER?? 1) inflation 2) corruption??
BGG says to SRW():The US Lawmakers - that is... there was some kind of guarantee by the US for half of their bond offering... which - again... apples and oranges.
jfd says():I thought it was hyperinflation that Shabibi was worried about or out of control inflation.
hutch says to jfd():SHABS SAID IN THE INTERVIEW, 11 TIMES, THAT IT WAS IMPORTANT TO KEEP INFLATION LOW. IRAQ IS CURRENTLY LESS THAN 1 PERCENT.
Read More :http://www.dinarupdates.com/showthread.php?41933-Sunday-October-2-2016/page2
BGG says to jfd():Not in the context of the speeches I listened to.
Dr Dave says():Do you think that the J and A laws will come before the UN's corruption findings.......?
BGG says to Dr Dave():Not sure - I bet someone will dig something up on that soon.
BGG says to Dr Dave():or do you mean when the UN publishes their findings - THEY ALREADY NOW.
carxpress says():BGG -- Your answers to SRW, helped answer my questions as well . … Thank You!!!
Dr Dave says():Awesome...thanx
BGG says():OK gang - that's it for me...
BGG says):Thanks to everyone who helped... and a Special Thanks to RCookie for some great commentary earlier to work with.
carxpress says to BGG():AGREED!!!
Read More :http://www.dinarupdates.com/showthread.php?41958-NEWSTIME-WITH-BGG-AND-CO-Sunday-October-2-2016