Post From Dinar Updates
Highlights From DU Chat Saturday 1-2-16 Part 1 of 2
rcookie says(): HERE ARE SOME OF THE BUDGET ISSUES THEY ARE WHINING ABOUT...AND POLITICAL TANTRUMS AND THREATS IN THE PAST MANIPULATED BUDGET OUTCOME...THAT THIS YEAR ARE BEING POSED TO IMF....
WHO ARE SITTING THERE GOING...LA..LA..LA..LA.LA..I CANT HEAR YOU..HAD YOUR CHANCE...LA..LA..
Pablo says(1:59 PM): Hee hee.
Pablo says(1:59 PM): Too late.
rcookie says all additives to the financial budget for the current year, including the cancellation of a paragraph identifying private cars Balriasat three to five cars and capitalism supplies cuts and deductions 3% and given the popular crowd, as well as oblige the employee cars and fuel expenses for maintenance costs ", noting that" all the materials mentioned have been removed from the current fiscal budget. "
rcookie says "there are other materials challenged by the Iraqi government, notably the cancellation of paragraph reducing the functional class of the Directors of the three presidencies offices of the Minister to the Director General, along with eliminating the role of the House of Representatives for discussion and review of external financial borrowing before granting successful cabinet,"
LLN65 says rcookie Good afternoon thanks for the news :) and...what does this mean? A hold up on everything?
magnetlady says(): I was just going to ask as well, was the budget ever published in the Gazzette. Thought that was supposed to happen on the 1st of Jan
rcookie says(): NO NOT AT ALL...POLITICIANS JUST WHINING ABOUT MANDATES FROM IMF TGAT ARE IMPACTING GOVERNMENT AND PEOPLE..
THAT THEY ARE USED TO HAVING TEMPER TANTRUMS AND THREATS TO MANIPULATE THE OUTCOMES IN THE PAST...HOWEVER...THE IMF HAS NO TOLERANCE..OR EMPATHY FOR...
jd says(): If the IMF thinks a Iraq RV will bail out Greece and other Europian countries,I cant see a long wait.Thoose Europian countries are just about tapped out.IMO
magnetlady says(): at least something was to have been published in the Gazette.
Baxter1243 says(): Magnetlady... Iraq has ONE Speed..... S L O W
LLN65 says(): rcookie ok thanks
rcookie says(): AND HERE IS WHY THE WHINING AND TANTRUMS WONT WORK THIS TIME....
rcookie says(): Added "gosz program that monitors the Fund requires the commitment of the Iraqi government reforms affecting the country's public financial management, banking supervision, during the remainder of 2015 to 2016", stating that "most of those reforms to approve draft Financial Administration Act sent to the State Council, in line with comments from World Bank and International Monetary Fund.
rcookie says(): DISCUSSIONS WITH THE IRAQI SIDE NOT TOUCHING THOSE FILES...
rcookie says(): MANDATES FOR IRAQS COMPLIANCE ARE IN STONE...NOT TOUCHABLE...BEYOND REPROACH...
rcookie says(): THATS AML LAWS...INVESTMENT LAWS...BUDGET DEFICIT PERCENTAGES...SUBSIDY CUTS...SALARY LADDER IMPLEMENTED...
3 YEAR FREEZE ON HIRING...IMPLEMENTATION OF NON OIL REVENUE STREAMS...CUSTOMS TARIFFS
1glen says(): Talking with a member here yesterday and talking about how so much has been done. To me it doesn’t make good sense to delay changing of the rate another second.
So instead of saying what has been done, what reasons would they not change the value of their currency at the beginning of the year? NOW ! ! ! Thank you in advance for helping me to understand.
JETSET says to 1glen(): i agree! now is good!
Baxter1243 says(): YEP... Like TODAY
JETSET says to 1glen(): unfortunately, none of us really understand iwaki logic!
1glen says(): Good at least I am not confused alone :)
JETSET says(): not at all!
LLN65 says(): glen if we knew we woudn't be here :D
rcookie says(): CANT THINK OF ANY 1GLEN....BUT THEY ARE OBVIOUSLY ON PLAN...
Baxter1243 says(): Whats Wrong with Today... Start Fresh with a New Year...and get this over with... (y)
Pablo says(): Amen!!!!!
LLN65 says(): oh yeah
jd says(): I believe that a rate change anytime in Jauary would be the same as Jauary1st bookkeeping wize.So we may have to wait until the last possible second with Iraq.
rcookie says(): LD RELEASE...INTERNATIONAL EQUATION FACTORED IN TO PRICING INDEX OF GOODS IN PRIVATE RETAIL SECTOR...REFLECTIVE OF RATE CHANGE AND NEW VALUED CURRENCY NOTES AND ADJUSTED PURCHASING POWER...
1glen says to rcookie(): If they want to move iraq out of the stone age and rejoin the World and move forward - I cannot see wqaiting another second. Just does not make any sense to me or why people are saying sometime in the fisrt quarter. Iqouink they want to get started ASAP
puffdragon says(): So wait till Monday when both the CBI and ISX open and we will know!
1glen says to puffdragon(): I think they open tomorrow. I am hopefull that this blessing is HERE
Baxter1243 says(): Yes..... but they have had months on end to factor all that stuff.... they need to press the dang button....
1glen says to Baxter1243(): AGREED
puffdragon says(): They were closed thru the 3rd if my memory serves me !
Baxter1243 says(): Put the numbers in...and any computer can spit out the answer in about five seconds..
1glen says to puffdragon(): Ok Monday is good for me :)
mrsgib says to puffdragon(): remember they are a certain number of hours ahead of us......so their 3rd is still late night 2nd for us
puffdragon says to 1glen(): Shabibi had stated it would be 3 days to change rate back in 2012, so both being closed the 1st 2nd and 3rd of Jan, hence the 3 days, so Monday hudini comes out of hiding or not !
puffdragon says to mrsgib(): Good point !
mrsgib says to rcookie(): is that from an article saying that the lower denoms have been released?
1glen says to puffdragon(): He has the three days he wants Bring it ON !
puffdragon says to 1glen(): DITTO !
1glen says to puffdragon(): To me there are just soooo many things which would make sense for it happening NOW and not later
rcookie says to 1glen(): AGREED....AND THE DRIVER IN THE BACKGROUND IS THE FACT THAT OIL CLOSED AT 36.62 AND IS BUDGETED AT 45.... THE NON OIL REVENUES LIKE NG...AND CUSTOM TARIFFS ARE IMPERTIVE...NOT AN OPTION...
rcookie says to mrsgib(): NO WAS ANSWERING QUESTION
puffdragon says to 1glen(): But glen we are talking about Iraq !
mrsgib says to 1glen(): I agree...so much is in play right now for it to be continued down the line
1glen says to puffdragon() I agree. It sometimes appears that the words "common sense" do not fit into their launguage
mrsgib says to rcookie(): thank you
puffdragon says to 1glen(): IT DOESNT ! I feel an RV would solve most of the on going problems at this point ! JMO
Baxter1243 says(): The problem with the other revenues...is... its going to take a while... they are not going to be an overnight thing to depend on... Agriculture will take at least a year or two... fish farms... well fish dont grow very fast either... thats all well and good and will surely help...but its not going to help this year...
1glen says to puffdragon(): I do not see how delaying this benefits the People of Iraq or the rest of the world for that matter. I am praying Monday is the start of a wonderful life for millions of people (including ME )
1glen says to Baxter1243(): I agree Baxter but as they say "a journey of a milliopn miles starts with one step" TAKE THAT DARN STEP PLEASE !
Baxter1243 says(): YEP.... Today....would be nice...
ljenterprises says(): Hey Baxter! I just want to clarify something. This morning when I said, "Dah!" That was for me. Sometimes I can't see the forest for the tress
Baxter1243 says(): (lol)
puffdragon says to 1glen(): Were all with that sediment glen. With the budget opened and tax and terrifs activated cant go long without
1glen says to puffdragon():I Agree !
mrsgib says to Baxter1243(): You are correct in those things take time to grow...just remember, those things are already in exisitance, it will now create a greater income than it currently does...they wouldnt have to wait for anything to develope
mrsgib says(): instant taxation for the things that currently exisit
Baxter1243 says(): well... lets hope so.... its hard to say what the farms look like with all the devastation over there..... 80% of Ramadi is completely gone... who knows about Mosul..
puffdragon says to mrsgib(): It would be a mistake to enact the tax without giving the people mor buying power along with the tax !
CanTWaitwoRV says to Baxter1243(): yea exact scenario marshall plan reconstruction imo
1glen says to puffdragon(): I Totally Agree With You On That
CanTWaitwoRV says to Baxter1243(): investment monies
Baxter1243 says(): yep... lots of work..for sure
Baxter1243 says(): Caterpillar will have a heyday selling dozers over there
CanTWaitwoRV says to Baxter1243(): for sure
CanTWaitwoRV says to Baxter1243(): raising these cities up from scratch
Baxter1243 says(): yep
mrsgib says to Baxter1243(): caterpillar...cool...another stock idea
CanTWaitwoRV says to Baxter1243():might look like the jetsons when it's all said and done with
Comments may be made at the end of Part 2 Thank You