(Thank you George for emailing this so Recaps can post it.)
Edition: UU6911 Dated: March 18, 2016
Title: “We Demand Reforms, Reforms, Reforms!”
There is so much going on now in Iraq and pressure builds again to complete the needed political reforms. Remember these people are not protesting to get the RV…lol…lol…
They have told us outright what they are protesting about. They are protesting to mainly to bring these corrupt high level officials to justice.
They are also tired of all the promises to revive the economy. They want to see prosperity and growth, as they know the wealth when reading all the articles about the billions stolen from the country already.
They want the Amnesty bill and to see their friends and relatives freed from jail who have been wrongfully accused of being terrorists while the real terrorists remain in the green zone, free as party members still interfering in politics and holding back progress.
Today is Friday March 18th 2016. Still no RV. Sorry! No - we did not have the RV as many of these so called intel “GURUS” conference calls once again told everyone would happen last night…lol…lol…
As I have been telling everyone there are two paths that must converge in order to see the dinar RV. These paths include the political and the financial reforms. I have explained many times (until I am blue in the face..lol..lol) what must occur to get the RV. In the past I not only told you but I showed you evidence and explained why this is the case.
It’s all okay though since I recognize your ignorance and just jibber jabber. You have your sources and I have mine …lol…lol… NO Hype, NO Rumors just the FACTS!
Update: Iraqi Economy
Please read what I have marked in bold in the article below.
So we see that, as investors, we are not the only ones thinking the way we think. The parts I liked the most in this article below are the three items I quoted from the article - "with economic development in a very short time when Iraq becomes one of the world powers." ( I liked the words “very short”)
It cautions that "most of the foreign exchange earnings of Iraq has nothing to do with the Iraqi dinar directly because everything is usually purchased in US dollars." (oh - so the dinar does have value but is being artificially held back?)
“expects a recovery of Iraqi currency after the end of the war with Daash he says it will be stronger after the federal government control over the vast supply of natural resources revenues” (yes- they must get a gov’t that will responsibly control the great wealth of Iraq before they turn on the spigot of wealth going forward- this is the needed POLITICAL REFORMS)
Once again we hear acknowledgment that 1) it is the use of US dollar for foreign exchange and not the dinar (financial path) and that it is the war with DAASH but most importantly the federal gov’ts ability to control its countries own resources (political path).
We know the needed laws to satisfy both paths and we have see the stalling now mostly on the political side of the last remaining laws by the State of law coalition and in particular the Dowa party. We know there must be a breakdown of this Shiite led coalition and the heads of this coalition (last remaining corrupt officials of the Maliki administration still hiding behind the mask of the party) brought to justice for the crimes they have committed.
We know we must see a stable and secure gov’t before any RV. Iraq still has not met this requirement as long as these corrupt officials remain.
EXPECTATIONS OF A RECOVERY OF THE IRAQI DINAR AGAIN AFTER THE END OF THE WAR ON DAASH
03/03/2016 21:20 pm (Baghdad time)
It can not ignore the fact that Iraq is a big changes in the economy if the available investment opportunities and appropriate planning strategy to take advantage of its resources properly.
Iraq is on the verge Anfjarmen financial growth, which encouraged him to promote foreign investment in infrastructure, oil and manufacturing, this is what you go to him Wall Street Journal, the US, and provides a quick inventory of factors to achieve this, including that "Iraq is a country of over 30 million people with the active workforce and education as well, which is a very attractive country for foreign investors and can attract Iraqi companies, foreign investors' willingness to open a huge investment projects. "
Despite the announcement by US President Barack Obama to end military operations in Iraq it may take some time before the country reaches a stable and peaceful situation.
The paper says that "in spite of all these facts, we can not ignore the fact that Iraq's solid state resources if placed under the authority of the administration to create investment opportunities and enormous changes occurring in the economy."
And it stresses that "with economic development in a very short time when Iraq becomes one of the world powers."
And it draws out that "the Iraqi government has taken several critical steps to boost the economy in Iraq, such as the government seeks to reduce the inflation rate from 19% to 6%."
And it suggests that the "government of supply and demand equation opportunities for funding in the local Iraqi market, where the government has carried out several contracts with international companies to increase oil production, is expected until the end of 2020, oil production up to the level of 10 million barrels per day."
Also it notes that "by this date, it is expected that Iraq will be one of the largest suppliers of oil."
He says Iraq may become a timely manner, "the largest supplier country after Saudi Arabia and Russia," but she pawned it to "the stability of the current oil prices."
He believes that this "will move significantly the revenues from Iraqi oil which is actually good marks for the developments of the Iraqi economy."
Health and find that "despite the fact that the increase in the value of the Iraqi dinar is still weak, it is still surprising a small increase but are continuing in the value of the Iraqi dinar, despite the economic recession all over the world."
And explains that "at the present time, locally traded Iraqi dinar only, and not in all parts of the world. It is likely to remain in this situation for a long time, depending on the ability of the country's importation, and assess the level of consumption to ensure the preservation of the welfare of the Iraqi state," noting that " currently the actual determination of foreign currency and actually depends precisely on the ability of the state in the completion of raising oil exports and the way they will try to organize the use of oil within the state. "
It cautions that "most of the foreign exchange earnings of Iraq has nothing to do with the Iraqi dinar directly because everything is usually purchased in US dollars."
The newspaper expects a recovery of Iraqi currency after the end of the war with Daash he says it will be stronger after the federal government control over the vast supply of natural resources revenues.
Don’t believe what I and this article above has just explained to you? Then read this article below. Please see my bold items within the article. Once again we see the political side using the terms FREE and DIVERSIFIED to describe the economy that is needed. Most importantly a FREE economy meaning to get out of the “closed” economy and go global. So what comes first the cart or the horse? At some point they must make the move to a global economy and do it even in spite of the remaining political challenges. So the pressure builds in this area too (the financial path).
STEWART JONES: IRAQ NEEDS A FREE AND DIVERSIFIED ECONOMY
By Shunem Abdullah Khoshnaw
Roudao - Erbil
He said the US ambassador to Baghdad, Stuart Jones, the difficult financial situation that Iraq is going through now, pointing to the country's need to find a free and diversified economy.
Jones said during his participation in Sulaymaniyah Forum, said that "Iraq is passing through a difficult financial position and Washington gave him a loan for military purposes, valued at $ 2.7 billion," adding that "part of that loan was allocated for the Peshmerga."
He said the US ambassador to Baghdad, said that "The United States granted $ 600 million in humanitarian aid for Iraq."
Jones pointed out that "Iraq needs a free and diversified economy," noting "the importance of cooperation between the governments in Baghdad and the region in the non-oil economic areas."
He predicted Jones' collection of 10 to 15 billion dollars in financial assistance to Iraq, "stressing at the same time that it should be" looking at corruption as a crime and not to be tolerated. "
Iraq has been suffering from a severe economic crisis following a drop in oil prices since 2014, and the prohibitive cost of the military war against the "Islamic State" Daash which controlled large parts of the country, as well as the displacement of millions of citizens from their areas because of the fighting.
Update: 45 Day Deadline for Technocratic Gov’t
Just in case all of do not see exactly what is happening let me spell it out for you today.
The actions of Iraqi Shiite cleric Moqtada al-Sadr are the only real hope we have of getting any REAL progress in the needed reforms for Iraq. These actions are the last of the real hope of forcing the judiciary to come clean and prosecute these high ranking officials from the last administration in a timely manner. You see Abadi can not do it alone since Maliki still has way too much power. Iraq must have the support and the overwhelming pressure from the citizens. This effort must come the common citizen with protection from the gov’t.
Of course we have seen and will see more rhetoric in the news of Iraq to try to discourage the citizens from partaking in these demonstration events. I have included some of the articles below. But they will continue and they may even get violent too if changes do not occur swiftly in the COMING DAYS ahead.
By the way Abadi will NEVER dissolve parliament and declare a state of emergency over these demonstrations. Nor will he resign over them.
Can you see the Maliki propaganda campaign once again? Remember this is the last struggle for Maliki to hold on to any power remaining. He knows it too and do the fight will be fierce. What tactics will he use to make the situation yet worst? Just so you know.
IRAQ CABINET WARNS SADR PROTEST CAMP 'ILLEGAL'
Iraqi Shiite cleric Moqtada al-Sadr had urged his supporters on March 12 to prepare tents for a protest camp supposed to begin on Friday 3/18 and last until the expiry 10 days later of an ultimatum he gave the government (AFP Photo/Haidar Hamdani)
Baghdad (AFP) - The Iraqi cabinet has decided not to authorise a protest camp by followers of cleric Moqtada Sadr which had been due to begin Friday in front of the fortified "Green Zone".
Tens of thousands of Sadr supporters have been preparing for a days-long sit-in in central Baghdad aimed at pressuring the government to implement deeper political reform.
"Staging a sit-in is not permitted by law, especially in the current security circumstances, notably the threat by terrorist groups and the potential for this gathering to be targeted," a cabinet statement said Wednesday.
"The security forces are busy with the fight against Daesh (Islamic State group) and it is not possible to guarantee the protection of this gathering at all times," it said.
The cabinet stressed that it "supports the demonstrations demanding government reforms" and has protected one-day protests by the Sadr movement in recent weeks.
The Najaf-based Sadr had urged his supporters on March 12 to prepare tents for a protest camp supposed to begin on Friday and last until the expiry 10 days later of an ultimatum he gave the government.
A month ago, the Shiite cleric gave Prime Minister Haider al-Abadi 45 days to present the names of technocrats for a new government.
Sadrists have held a series of massive rallies in central Baghdad, with thousands turning out last week for the latest protest to press their demands.
The presence a week earlier of armed Sadr supporters outside the Green Zone -- where Abadi's office, parliament and the US embassy are located -- sparked intense security concerns.
In the protest that he attended in Baghdad three week ago, Sadr threatened that his supporters could storm the Green Zone if their demands were not met.
"STATE LAW" WAVING TO DISSOLVE PARLIAMENT AND FORM AN EMERGENCY GOVERNMENT AFTER THE RESIGNATION OF AL-ABADI
Iraq Press Agency
Baghdad -Iraq Press -18 March / March: waved a coalition of state law, tonight, the possibility of the resignation of Prime Minister Haider al-Abadi, the dissolution of Parliament and the formation of an emergency government, in the event of failure to reach agreement on a change of government, while stressing the existence of an agreement with the other blocks on " partial change. "
The leader of the coalition, Jassim Mohammed Jaafar, said that "the coalition has three options to address the current political crisis, most recently providing Prime Minister Haider al-Abadi, resignation if all the doors shut his face," noting that "the first option is the comprehensive change that will not happen and the second includes a partial change, "he said, adding" the existence of an agreement between the State of law coalition and other blocs about it, "without specifying what.
The MP for the coalition headed by Nouri al-Maliki, that the "third option Sakhz if all the doors are closed and did not agree on any of the above options," noting that it "requires the resignation Abadi, the dissolution of Parliament and the formation of an emergency government."
The head of the government, Haider al-Abadi, last Wednesday, that the reform document presented by the political blocs and public opinion, represent "a platform and a roadmap" to overcome the challenges facing Iraq.
He gave Abadi blocs, week finished first on Wednesday, to offer their candidates stressed the need for clarity of positions on them and the non-participation of any party in the government's stand against time itself, confirmed the delivery of required and direct the work of the regulatory and judicial organs and the Integrity Commission support.
The leaks hinted State of Law coalition agreement with the Supreme Council headed by Ammar al-Hakim, a change of government "partial" includes nine ministries.
And it rejected the political blocs, including the National Coalition, led by Iyad Allawi, and the Alliance of Iraqi forces and the Kurdistan Alliance, to submit their nominations to the Government of technocrats called for by al-Abadi, and promised that the reform document presented by the "vague and try to tinkering Odhir Eye ash."
And continue the Sadrist movement, led by Moqtada al-Sadr, pressure, depending on the fans, to pay Abadi to "real reform."
GOVERNMENT MINISTERS ARE READY TO LEAVE THEIR POSTS
March 16, 2016
Office of the Prime Minister Haider al-Abadi announced that the ministers in the current government "are ready to leave their posts."
A statement from the office of the Iraqi transmitter network "IBN" received a copy of it, "he and at a time when the Council of Ministers declared to continue the process of reforms and support the reformist approach in which the President of the Council Haider al-Abadi, the walking cabinet and all his ministers confirms its response to the responsibility entrusted to him with the willingness of his ministers to leave their posts best interest and that their work is in order to perform a public service to the citizen.