DINAR UPDATES 4-14-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 4-14-16 Part 2 of 2
mfree05 says():I think it is a great thing for Abadi to bring the GOI reshuffle case in FRONT of the Iraqi people on Television, etc and as much as possible. Exposing the self serving political blocs in this case.
clay says to mfree05():agree
clay says to mfree05():let them see whats really going on
soonrv says():whats going on is what the news WANTS US to think is going on
clay says to soonrv():(y)
mfree05 says():I believe the IMF directed march toward Article 8 and a global economy (and thats what we want) will continue regardless of who sits in the ministerial seats of Abadi's administration.
After all, IMO we have seen a great deal of economic progress happen even with the current group of ministers. Iraq has passed and are currently implementing all the IMF mandated laws and are demonstrating (to the world) administrative, accounting and legal efforts against corruption NOW.
Slower than most would like and still not the "whales of corruption"yet, but never the less- moving forward! I think with even the current status-quo GOI ministers we will get to Article 8 by July 1 as expected by the IMF. Iraq has critically needed 15 billion in IMF loans hanging in the balance also.
_firefly_ says to soonrv():EXACTLY (y)
Robl says to _firefly_():Hey Firefly, still waiting on your: "Unless" statement that you made earlier....
Robl says to _firefly_():You left me hanging.... lol
paul-o says to rcookie():Mr. White often refers to the quote, which I believe is from the IMF saying that, "Iraq will enter the World Economy before the end of the forst half of 2016." Is that quote contained in the IMF's Letter or Intent with Iraq?
hermantowncars says():That is one amazing speech Abadi to the Iraqi people on tv! Not unlike the turmoil and divisions in General Washingtons day until it reached the point where those who wanted freedom were willing to lay their lifes blood on the line against the control of those (British) who did not have the best interests of the colonies in mind.
As one who believes that nothing happens by accident, that God himself grants all authority and power, I cannot help but see Abadi as a Gen. George Washington who prays for guidance to the maker of all that is.
He truly cares about the welfare and health of his country and people above personal gain. For this I pray: Lord of all creation, You have said you are God and the only God, (Isiah 45:7 "I am the Lord and there is NO other, I am the one who creates the light and make the darkness.
I am the One who sends good times and bad times". We pray and petition on behalf of Iraq, its people , and PM Abadi , for a revealing of wisdom ,peace, and safety. Search our hearts Lord and show us where our own desires for our gain are contrary to our desire for YOUR gain.
May we be empowered to know your will and may we also have the guts, or hutzpah, ability to DO it, each in our own little realm of circumstance. In the Holy name and for Thy sake and purpose we pray. Amen.
BGG says():That all makes sense - which is why my comments earlier today... AND...
BGG says():puts Maliki's FaceBook comments into perspective...
BGG says():My earlier comments on this jive by - Qutaiba al-Jubouri (the guy talking about - and leading the "faux" meeting...)
BGG says():I would not read too much into this... (at least until it actually happens). Ever notice how it's always some "nobody" from the SLC side of the fence - or some corrupt jerk - who makes this kind of noise??
P.S. He's not a COMPLETE nobody - he's corrupt enough to have made the "whales of corruption" list sent to DC a while back...
Mainly because he took 809 Milllion Dinars (personally) while at the Min of Resources (?) - when they couldn't afford to pay anyone else a salary (at all)..
BGG says():then Maliki follows this "kangaroo Parliament meeting" with some jerk-wad commentary about how this ridiculousness is "mature" politics. CLOWN
BGG says():and all of this is plainly in response to them losing their positions of power and - hence, their place at the "trough"... pigs...
sheila3 says to BGG():GA :)
BGG says to sheila3():Hey.
jeffusa says to BGG():seems like this is just more reason/pressure to get this done NOW
clay says to jeffusa():but will they or wait till all is seated
rcookie says(): Abadi looking with a US general on the victories achieved Daash and get ready for the Liberation of Fallujah and Mosul gangs
14-04-2016 08:19 PM Search Prime Minister Haider al - Abadi in his office on Thursday, with the Central Command , the US military commander General Joseph Vutl victories achieved on terror Daash and preparations for the Liberation of the rest areas and the battle of Fallujah and Mosul gangs.
A statement by the Prime Minister 's Office has received 'orbit News' copy of it, that 'Gen. Vutl reiterated his country 's support for Iraq in its war against terrorism and the continued support of the United States military and security forces of Iraq in the areas of training and arming for the liberation of the entire Iraqi territory attitude'.
_firefly_ says():International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016
_firefly_ says(): International Monetary and Financial Committee Thirty-Third Meeting April 16 , 2016 IMFC Statement by Obaid Humaid Al Tayer Minister of State for Financial Affairs, United Arab Emirates
On behalf of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates,Republic of Yemen
_firefly_ says():Statement by His Excellency Minister Obaid Humaid Al-Tayer Minister of State for Financial Affairs for the United Arab Emirates
On Behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syria, United Arab Emirates, and Yemen International Monetary and Financial Committee Washington, April 15-16, 2016
We are still facing a tepid and fragile global recovery with heightened uncertainty and increasing financial turbulence. Deflation remains a concern in some advanced economies (AEs) while emerging market and developing countries (EMDCs) face multiple vulnerabilities from falling asset and commodity prices; while tightened financial conditions have increased risks to global financial stability.
This calls for heightened vigilance in the Fund’s surveillance and for country authorities to persist with previously identified policy priorities. The current confluence of factors increases the urgency of a broad-based policy response to manage vulnerabilities and boost confidence.
_firefly_ says():The highest priority for AEs is to reduce risks of deflation and raise growth prospects. The appropriate policy mix should be differentiated according to country circumstances. Fiscal measures with large short-term fiscal multipliers could support accommodative monetary policies and deliver a timely demand boost, while measures to support innovation and labor market policies would raise potential output.
We support further work by the Fund to identify cases where fiscal policy can play a bigger role and to improve the estimated fiscal multipliers. Tackling unaddressed legacy in financial sector issues remains a priority in some European countries as well as continued reform of the government-sponsored enterprises in the U.S. Meanwhile, a better integration of migrants and reducing restrictions on refugees’ geographical mobility would help deliver the economic benefits of refugee inflows.
_firefly_ says():EMDCs are expected to continue to deliver the largest contribution to global growth inspite of the downgrading of growth forecasts for a majority of countries.
Lower commodity prices and uncertainty about the pace of U.S. monetary policy tightening, compounded by the continued weakness of demand in AEs, has put downward pressure on emerging market economies.
The period of buoyant activity spurred by rapid credit expansion is giving way to rising corporate sector vulnerabilities as well as volatile capital flows and exchange rate pressures.
We call on the Fund to carry out additional work to better understand the dynamics of capital outflows which can pose substantial risks in a more integrated world.
EMDCs will need to manage vulnerabilities from volatile tightened conditions while building buffers and strengthening fundamentals. We commend China for the remarkable progress achieved so far in rebalancing the economy and welcome the authorities’ readiness to adjust policies to support the rebalancing and address corporate sector vulnerabilities and market turbulences that emerged.
We welcome the inclusion of the renminbi in the SDR basket which is a testimony to China’s prominent role in the world economy.
_firefly_ says():ok, too much editing involved. If you want to read todays IMF reprt ... well ... here it is