drdonar wrote on March 8th, 2014, 1:04 pm: How can they breach their obligations under article VIII without being in article VIII? Have they actually been in article VIII all this time?
Post by Memphis » March 8th, 2014, : Excellent question...
My best attempt at a concise answer is that Iraq (and all nations) are expected to comply with IMF articles. The expectation has always been there and yet Iraq has not complied with many provisions of the IMF mandates.
This leads us to the recent months where there has been much evidence that the CBI is finally checking off the boxes that are/were needed for full compliance.
Read More Link On Right
So your question, "Have they been in Article VIII all this time? Yes, they have been "in" article VIII insomuch as they have been subject to it's requirements for years now.
I have argued this point many times when Frank and others made statements that Iraq is about to (or attempting to) enter article VIII. It is (and has been) simply a manner of semantics, of perhaps understanding the process but not stating it properly. It's all good.... :-)
These details will ultimately not matter to us any more than the passage of their 2014 budget because the re-pricing of their currency will take center stage and trump all other discussions. :handshake2: Blessings, Memphis
Post by Memphis » March 8th, 2014, 4:21 pm • [Post 224]
A prime example of weak minds applying causality where it does not fit the facts.
"Further study of the Iraqi reefs can help scientists understand how coral and other marine species will adapt to conditions brought on by global warming, the researchers said.
“The temperature on earth is increasing and extremes are becoming more pronounced,” they wrote. “Study of these extreme reef systems becomes of vital relevance as our climate changes..."
I assure you that very soon such ignorant statements will cease. The earth is now entering a period of global cooling that will last for decades. We are going to witness winters that are unlike anything that any of us have ever known such that growing seasons will be shortened in many latitudes.
The cycle repeats every 206yrs and a study of the 1800's gives us a best case scenario. Worst case? That would be the 1600's and we should all pray that the worst case does not repeat. The winter of 2013-2014 has been predicted with great accuracy.
Today, more than 95% of the great lakes are frozen over and Niagara Falls? It has stopped flowing...
This is nothing more than one of the many cycles that have been put in place by God thru His creation. Count on it and ....prepare for it... :handshake2:
Memphis note: My 1st, 2nd, and 3rd inclination was not to reply to this post.
Here is what I have settled on:
My "peace" has temporarily been displaced with an anxiousness that stems from great anticipation.
[Memphis note: I base my conclusions on sound information. There is presently a great convergence that requires us to be expectant.] Blessings, Memphis