Post From KTFA By Memphis » March 20th, 2014,
Waitong3 wrote on March 20th, 2014, 10:03 am:Wow...for some reason I really thought it was gonna rv this week. :llora:
...There's no chance of an rv on a weekend for them, right? They wouldn't do it when we least expect it would they? In your opinion of course..
Memphis: wrong. :-) I have always watched closely the times when no one is looking or even better? L@@King the other way. IMO? Expect....the unexpected....
tyleredwards436 wrote on March 20th, 2014, 10:09 am:Why is there a change in the central bank Governor every time we think we are getting close....
Memphis: I think it's important to recognize that the Governor of the CBI (or any central bank of the world) is not selected on the whim of that nation's President/Prime Minister.
Such people are groomed for these positions meaning that he/she knows how to NOT question authority and to always work within the system.
If we knew more about Mr. Turki (and his level of "grooming" or lack thereof) then we could look at this change as clear evidence of a coming shift in policy.
What I mean here is that IF it were known that Turki was not the person for the job as defined by the IMF and BIS then it would be NEEDFUL to get their own man in place PRIOR TO this monumental shift.
Lacking answers as to Turki's "role" in things, I can only watch with interest because it is interesting to me given the other factors that we watch!
Beyond this, it would seem irresponsible of us to suddenly make this move in the CBI a "tenant of our faith" or to make any bold claims that this change proves something.
Such thinking has served to disappoint many in the past because it is based more on our drifting in the wind as things come our way than on our looking at the facts of the case such that we let events tickle our ears at the expense of truly building our confidence.
Again, me personally? I am watching this news with interest. Blessings, Memphis
Post by Memphis » March 20th, 2014, 2:52 pm • [Post 261] MRT, I just completed page 4 and saw where you have also replied to the question of CBI Governor.
I hope folks know this already but my posts (and yours) are just opinions intended to help and are never meant to knowingly agree or disagree with another's.
Speaking for myself now, if I should ever feel the need to argue against or oppose someone else's thoughts? haha, you'll,know it! Blessings, Memphis
Post by mryantodd » March 20th, 2014 I think one of the most important lessons I've taken away from this investment is the need to look at any question from multiple perspectives.
There are so many variables (and most of them are unknowns at this time) that must be considered in each question, that it is sometimes beyond my ability to grasp an idea.
That is why I often present different scenarios to consider. Sometimes I disagree with a viewpoint and most often I just want to add another perspective for consideration.
Like you, Memphis, my replies are not meant to be confrontational, they are just offered to widen the perspective through consideration of alternatives.
If I do offer a debate or challenge an assumption though (and this is rare), I can almost guarantee that it will be done poorly and will most likely be offensive.
That is not because I am intentionally mean spirited, it is only because I don't do this very often and have not mastered the art of conflict very well..... basically, what I'm trying to say is.... I stink at it
Post by nmujahid » March 20th, 2014, Perhaps Maliki is still trying to disburse 1/12th of the budget? If so, I'm wondering if he still has the authority considering the budget was sent to Parliament after Dec 31st (i believe it was sent Jan 20th?
if not, disregard my question.)? According to the Financial Management and Public Debt Law No. 95 of 2004 of the CPA "If the federal budget is not approved by the body vested with national legislative authority by December 31st,
the Minister of Finance will, on a monthly basis, approve funds for spending units up to 1/12 (one twelfth) of appropriations of the previous fiscal year until a budget is approved.
The funds so provided for can be used only for liquidation of existing commitments, salaries, pensions, social security payments, and debt service."
How can he disburse funds if Parliament didn't receive the budget until after Dec 31st? Is there a law that address that issue?
Post by nmujahid » March 20th, 2014, this might be the answer. still would like a reply -- Section 4 General Provisions
2) The draft annual budget law will be determined by the Council of Ministers and will be submitted by the Minister of Finance by October 10th to the body vested with national legislative authority for approval or adjustment pursuant to Article 33(C) of the TAL.