[alabamagal] [wildduck] go read zap and study the brics, st germain trust etc they are the reason for the gcr. [wildduck] since forex was late by 2 hours yesterday and some of these folks are in the gov are the same people that brought us obamacare website i am not surprised that the first time a gcr is happening in the world that it is not somthing you get a do over on.
[alabamagal] [wildduck] does anybody remember friday call that us dollars were being pulled off the street in iraq, wildduck] TexasMom ok confirmed, now how long can you run a country with wallpaper [TexasMom] wildduck lol not too long, but arent the still using green backs there too! [wildduck] TexasMom no no no, under penelty of arrest any place outside of a us base and green zone
[alabamagal] our friend that is in dubai use to be on a contract job in iraq, a while back there was a really strong thinking the rv was happening, then people argued over how much piece of the pie they get.. anyway... prices shot up and they would not accept usd in the market place.... now reading that post..... look, it is happening again.. pulling the usd off the market... this could be a really good thing
[alabamagal] i just hope it means something
Read More Link on Right
[alabamagal] so what is everyones opinion on when this baby will pop
[Hopeful1] alabamagal i think we are getting close and they don't want to have anyone learn the big question, When and they want to keep us as confused and misinformed as possible
[alabamagal] Hopeful1 for sure on keeping us out of the know.. i agree there
[kaycee] alabamagal gotta pop sometime lol
[alabamagal] kaycee i hope so
moneytalks1 wrote on February 17th, 2014, 11:27 pm:Hi delta,
Where did you hear that the CBI must become Article 4 compliant by this March and are we talking March 1 or mid-march? is this mandated from the IMF?
P.s. I am extremely excited like never before. i can feel it in my bones something is about to break.
Bandit: On May 13, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Iraq.
Yes I also heard that another article 4 consultation was next month in March but can't find the exact Date..... Maybe Walking Stick knows the date.
im33 wrote on February 18th, 2014, 3:06 am:Thank you Bandit. I read your link and am posting this from that link.
Notice the subscript (1) at the end of the first sentence. I posted the meaning as well. http://www.imf.org/external/np/sec/pn/2013/pn1358.htm
IMF Executive Board Concludes 2013 Article IV Consultation with Iraq
Public Information Notice (PIN) No. 13/58
May 21, 2013
On May 13, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Iraq.1
1Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board. At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country's authorities. An explanation of any qualifiers used in summings up can be found here: http://www.imf.org/external/np/sec/misc/qualifiers.htm.
Since Iraq seems to be Art IV compliant, then a meeting is set for this year. I am looking for the exact date that the IMF plans to meet in Iraq.
To add on, while the IMF EXECUTIVE BOARD concluded 2013 Article IV consultation with Iraq on May 13 2013. (see page 53 of the pdf document, link below)
the first few paragraphs of page 1 of the same document reads : -
Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with
members, usually every year. In the context of the 2013 Article IV consultation with Iraq, the
following documents have been released and are included in this package:
§ Staff Report for the 2013 Article IV consultation, prepared by a staff team of the IMF, following discussions that ended on March 12, 2013, with the officials of Iraq on economic developments and policies.
Based on information available at the time of these discussions, the staff report was completed on April 30, 2013. The views expressed in the staff report are
those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF
Thank you Delta for bringing us this info tonight.
[Jester] WHEW... WHAT A DAY... I HATE MONDAYS... PEOPLE SIT AROUND ALL WEEKEND MAKING UP STUFF FOR YOU TO FIGURE OUT...
[Jester] I HAVE A SERIOUS TIME LAG...
[hoot2602] Jester I see where some are still spouting $32 rates. Do these people really understand that if we get paid that rate that someone has to come up with the cash. I know I don't want a gazillion barrels of oil at my front door.
[Jester] hoot2602 THAT IS A COUNTRY RATE THAT YOU WILL NEVER SEE...
[Jester] GET OVER IT PEOPLE.. YOU ARE NOT A COUNTRY... YOU ARE NOT GOING TO DO HUMANITARIAN PROJECTS... YOU ARE NOT SPLITTING THAT RATE 3 WAYS WITH CHINA AND THE US.... GET OVER IT..
[Jester] THAT IS NOT GOING TO HAPPEN...
[sillycindy] at this point i think i'll be happy to get what we get
[Jester] FOLKS LET ME TELL YOU SOMETHING ABOUT THE HIGH RATES... SURE THAY ARE REAL ENOUGH... IF YOU KNOW WHAT THEY ARE FOR THEN THEY MAKE SENSE... ANYTHING OVER THE STREET RATE IN THOSE HIGH NUMBER DEALS LIKE THAT ARE FOR HUMANITARIAN PROJECTS... THE PART YOU GET TO SPEND IS THE STREET RATE...
[RockyMtn] Jester Thanks for the clarification!
[Jester] WHEN YOU BREAK IT DOWN A COUNTRY RATE IS ALSO SPLIT 3 WAYS... AND YOU GET A THIRD... AND ANYTHING OVER THE STREET RATE IS FOR PROJECTS...
[Jester] RockyMtn HEY LETS BREAK THAT DOWN.... IN THAT INSTANCE 1/3 TO CHINA OR REP, 1/3 TO UST, AND 1/3 TO YOU - MINUS THE FEES ETC.. SO ROUNDING IT OFF YOU WOULD GET AROUND... 12.66 MINUS THE FEES... WHATEVER THEY ARE... LETS ROUND IT OFF TO $11... THAT SHOULD COVER IT... THEN... YOU CAN ONLY SPEND UP TP THE STREET RATE... SAY 3.44 OR 3.66 OR WHATEVER... LEAVING AROUND 7.50 TO BE USED FOR PROJECTS... WHICH HAVE TO BE APPROVED BY THE AUTHORITIES....
[Jester] IT'S SILLY... AND A MOOT POINT TOO... YOU CANNOT GET IT... IT IS RESERVED FOR COUNTRIES AND SUCH... HUGE WHALES... FOUNDATIONS.. STUFF LIKE THAT... IS NOT HAPPENING IN A GROUP RATE EITHER...
[Jester] THERE ARE STILL TEIRS PEOPLE... THERE ARE SOVERIEGN RATES... PRIVATE PLACEMENT RATES... GROUP RATES IF YOU WILL... AND STREET RATES... IT HAS ALWAYS BEEN THAT WAY AND I BELIEVE IT WILL FINISH UP LIKE THAT...
[hoot2602] Jester I'm tickled to think of getting 3.44...
[Jester] BUT QUIT WORRYING ABOUT THIS... I REPEAT AGAIN IN HOPES YOU WILL LISTEN.... YOU CANNOT GET THIS RATE....WILL NOT GET THIS RATE...
[msgwen] Jester Hi! Can you expand on your subject last nite about the 'splainin' to those that are writing laws and think they are above the law?
[RockyMtn] msgwen I took it to mean that those in Congress (House and Senate) were taking advantage of the "rules/laws," and someone has called them out on it!