Millionday News Time 5/16/14 Part 2
Welcome To Friday Night News Time With Millionday!
[clay] is the SDR the new world currency keep reading usd will no longer be
[millionday] no the SDR is special drawing rights
[clay] oh ok ty
[millionday] and it is the major currencies that are calculated as a rate in itself as a comparison for the value of each currency and is done by calculations of the many currencies used (major)
[faith1] ?with the lack of confidence in the USD dollar, does this effect the timing of RV and is it tied to the extension of the new tax laws? Countless movements are ongoing in Russia, China, the Mideast and more — all moving away from the dollar and the U.S. banking system. And this is exacerbated by FATCA. ???
[millionday] the timing of the exchange rate being released for the IQD is not effected by the fluctuation of the USD -- the report is about the change in how much the % is in the use of USD in trade and its ability to effect the global economic condition by its own faults ---
[clay] millionday faith1 The Illegitimate Revenue Agency (IRS) has just announced that the Foreign Account Tax Compliance Act (FATCA) has been postponed from July 1 until Jan. 1, 2016.
[millionday] these economists were talking about the stability that would be gained by exchange rates being set against just the SDR and not the usd or even the euro by itself so that the fluxuation or even the loss in one country`s value or success does not effect many many other country`s value ----
they want the sdr to be how all currencies are paired but not right now obviously due to time constraints -- this is what they were saying in the report
[millionday] let me address that too
[millionday] the tax law that everyone is talking about is the transparency that we saw happen when the swiss banks were told and demanded to release names of account holders to the US so that they could not be used as a tax haven for account holders and this was also going to be demanded of other countries that have off-shore bank accounts available ---
they are trying to get info and stop off-shore bank accounts that are not reported to the US so that taxes are assured to be paid
[millionday] some people think that it is for currency taxing and have misunderstood how that is going to be applied or what it is for -- now if there is more to it -- i would not be surprised at all -- but the summary of what i have read to date is that -- i will read the rest of it but as of right now -- i dont see any where to worry about it at this time
[millionday] unless i open an account that is off-shore account and am trying to avoid taxes which wont happen lol
[millionday] i would like to take a break for a sec and address something else
[millionday] Dear Lord it has been brought to my attention that our dear friend Tbob and his Mom are in need of our prayers -- We pray for her and our friend Tbob to receive your comfort and feel your arms around them right now in their time of need –
we pray for their family and all of the loved ones that are trying to be there for this family -- please help us to send our love and help their family to know we care and pray for their comfort and the love of your arms -- amen
[millionday] let me get back to some news -- i will brb
millionday] this was the announcement that came out February 20th , 2014 that i keep referring to
[millionday] Head of the Iraqi Central Bank Governor Abdel Basset Turki convened a meeting of the Directors-General of a number of private banks at the Bank , as well as members of the Association of non-governmental banks in Iraq.
Source for (o) on (the meeting discussed instructions for buying and selling foreign currencies that have been working out since last Sunday the (banks ‘ willingness to apply instructions to enhance the value of the Iraqi dinar against foreign currencies had started procedures to implement those instructions to support the national economy and the development process).
[millionday] that has been three months smile brb with more
[millionday] here we go -- The Deputy Prime Minister, Hussein Al-Shahristani will chair the Iraqi delegation instead of the Prime Minister, Nouri Al-Maliki to attend the CICA Conference in China. PM Media Advisor, Ali Al-Musawi said
“Because of his numerous obligations, the Prime Minister decided to empower the Deputy Prime Minister, Shahristani to head the Iraqi delegation to Shanghai to take part in the CICA Conference scheduled in current week.”
[millionday] Musawi had announced earlier that Maliki will visit China first of next week in response to an official invitation to attend the 4th Conference for the CICA in Shanghai in which more than twenty countries including Iraq, China, India, Russia, Egypt, Iran, South Korea, UAE, Turkey and others will attend.
The Conference will center on enhancing the cooperation among these countries to stabilize the security in Asia and defeat the terrorism and adopt the dialogue in resolving the international disputes.
[millionday] so maliki has been replaced in this huge huge conference in china -- and that is some interesting news
[letsroll] millionday can i ask u a question about maliki ?
[clay] sure is
[millionday] it makes you wonder if the figures that have come out of the election are implying that he is not going tohold his position but that is not in ink -- sure go ahead hun
[letsroll] Besides Maliki being Prime Minister he also heads the Defense , Security and Interior ( major departments ) will he keep those positions since its looking like he will no longer be Iraqs PM and since he appointed himself to head them ... ?
[millionday] no -- he was holding those positions by proxy those positions will be filled by vote and placement
Pablo] Anything more on the apparent delay in the election results?
[millionday] yes today at roundtable we had a report that was from the commission that stated it was just rumors that were unfounded that the election was fraudulent etc -- the reason is that it is monitored by many international organizations and electronic and it is accurate and not wrong or held up for fraud –
- that was all just reports given out for no reason but loss of confidence of the citizens in their voice being heard -- so no worries -- this report was released to the nation of Iraq
[Pablo] So, still coming on the 19th?
[millionday] i think it is the 20th but may be the 19th but i saw nothing that stated the release was changed unless it takes longer but not for lack of accuracy or fraud was made clear
[quicktolegit96] I may have missed, but will we in fact know the election results by this Monday? this is in ink? i think you answered it
[millionday] that was the timeline given but some reports were coming out in the media that the results were not correct due to fraud etc -- so if they are late it is due to hold ups in time taking results by work not being done etc -- so we should know soon enough
[millionday] and they will be upheld by the announcement of the commission
[ajay214] Do you think the rv is held up for anything political or is Turki moving forward in spite of the political turmoil. Will anything political hinder the rv in your opinion? With the report saying now, does that mean days, weeks or months?
[millionday] i dont have a date but i dont see anything announced to be a hold up right now from Turki and i dont see anything from CBI that is stating we are waiting on anything -- they seem that they are moving forward by what the ink is showing and the regulations are also showing -- i see no hold up
[millionday] but the thing is hold up from what date ? -- they seem to be saying they are moving forward with the economic activation in the reports we have read
[jtank] How much more time does M have ? IYO--W no power--Caretaker Gov? Seems to me he can drag this out a long time-
[millionday] jtank they will place the position from the winning party by what i see -- this announcement of the elections will be very telling by what the results are
[clay] Ms cronies r fleeing he is done IMO
[jtank] call date rate impossible
[radronin] How can you say it's a hold up, if Turki says activate in the Middle of the year.. IMO.
[millionday] radronin exactly -- that was fantastic imo -- loved it
[millionday] here we go -- Announced the Electoral Commission for elections that, by day, tomorrow, Saturday, or on Sunday, end of counting, noting that the election results will be announced within the next week, and the Iraqi street divided between optimistic for a better tomorrow and the pessimist does not see in the near horizon a glimmer of hope can get it out of the dark tunnel that crammed inside the entire political process.
In order to shed light on the reality of things and what goes on in the minds of many citizens we have a field trip to explore the views and began succulent citizen Khaled Salem, head of the Directorate of the Department of electrical systems of the Ministry of Science, which we have initiated, saying:
[millionday] note -- counting done this weekend and results next week
[millionday] "The results of the elections are worry citizens, and frankly we began to feel frustrated influenced by what we hear from the fraud and the change in the results and if condoned the Electoral Commission for telecom violations will believe some voters that they came out on Election Day is no longer a way to actually change something," Msttrda saying
" We went out in Makna may think this will never go out afterwards. " Salem and continued by saying "if the faces have changed, it means that the formation of a national alliance that can take us to safety and progress and all that depends on the final results," he said.
[millionday] note -- as we see the results are expected to bring great change to the country --
[millionday] they are very excited over the change
[millionday] But Imad Ahmed Abu Mustafa, agent for foodstuffs and says, "I am optimistic even though the results Sitlaab it inevitably despite hearing that some areas deprived of the vote and some stolen their voices and funds Aqtralla But With all the talk I expect a change for the better," he said,
adding that "al-Maliki will remain in office With all the parties agree to enter alliances national has two sides sectarian or ethnic or religious sectarianism because the disease is not being in the blood of the sons of the people,
but in the veins of some politicians who have made several sectarian nail setting them on the chairs of government.
" For her part, desert Sabih Legal Officer, "We hope to announce the results of the election after he raised the silence Commission curious concerns of citizens," expected to "formulate the United States and neighboring countries, an alliance of sorts away from the national we what we promised to distinguish between the good and the fittest being busy cautious of explosions they of living and lack of services. ""
[millionday] so as we see -- there are many guesses and hopes etc so we wait for the results
[Road_Kill] Do you think the budget will be passed before the new government or after?