[Precious] 5:44 PM [Wisdom] OK.. GONNA RUN WITH A THOUGHT HERE... as my usual Optimistic self... and dealing with the facts as I know them. We'll keep from any wild speculations to keep it plain and simple, well as simple as it can be at this point.
[Precious] 5:46 PM [Wisdom] SO we're hearing that they WILL be meeting tonight/tomorrow to pass laws and vote on the 2013 budget. That is a fact. I say tonight, due to time zones differences. Monday for them. Wisdom: 5:47 PM [Wisdom] Question is.... WILL THE RV be released upon the passing of the 2013 budget or do they need to have the RV to meet their budget as it's being passed for the year to cover all their bills?
[Precious] Wisdom: 5:49 PM [Wisdom] Well they've proposed a budget of 138 Trillion Dinar for the 2013 Budget, with a stipulation of barrels of oil price of 90 dollars/barrel being what they will base it on to cover all expenses. Wisdom: 5:52 PM [Wisdom] Will this be realistic on their part to be able to function internally? Well that's what is being brought up over there. Wisdom: They are saying that IF the price of oil drops lower than that 90 D/B mark than they will suffer hardships with some of their undertakings, BUT if it follows trends as it has, then they will have surplus funds to be able to expand their infrastructure programs.
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[Precious] Wisdom: 5:55 PM [Wisdom] There is the school of thought that the revaluation is NEEDED to support the budget for 2013 and so would have to happen with the passing of it before it could be a reality for Iraq to be able to meet it's expenses. Wisdom: 6:05 PM [Wisdom] Does Erbil hold up the RV from taking place? I have to address this question because I've always, as anyone has heard me in the past on the calls say, that there was a check list that I'd stood by of things that I believed needed to be in place before I would EXPECT the RV to show.
[Precious] Wisdom: Erbil was one of them on the top of that list. BUT..... That was while Shabibi was in charge and the head of the CBI, now he's not. Wisdom: My thoughts on that are that Maliki deliberately had him removed to get more control over the CBI and thus be able to get more funding for the Iraqi Government from the bank itself. Did that happen?
[Precious] Wisdom: Don't think it turned out the way he expected, only brought a whole lot more attention to the runnings of the bank and what happens with it's loans/fundings to the country. Wisdom: Shabibi was solid on his demands that ERBIL MUST BE IN PLACE BEFORE THE RV would be allowed to happen. He's not there... has this released that promise?
[Precious] Wisdom: Not sure at this point, it may be that it was a way for Maliki to allow it to be pushed through without having to share the power between the other 2 presidents. Wisdom: Wisdom: The thing at this point is that Maliki has lost his hold on things and knows it. He's run out of excuses and blocks to things that are inevitably pushing things towards having to relinquish his dictatorial rule over the country.
[Precious] Wisdom: Wisdom: I'd said on the calls time and time again that Brazani was Talabani's "Mouth Piece" at the meetings for the Kurdish region. He's always taken a more agressive role when dealing with Maliki on the demands that were on the table. Wisdom: This is why there WILL BE the 17%
of oil profits going to the Kurdish and also why the foreign oil company contracts WILL BE recognized in the 2013 Budget as it is written right now.
[Precious] Wisdom: There will be laws that will be voted on tomorrow that will allow the budget to go through as it has been spelled out. Maliki is having to give at this point and should not be an issue or a hold up. Wisdom: Wisdom: Erbil, Article 140, Chapter 7's removal to Article 8, the oil contracts, and a couple of other issues were on that list that I'd said NEEDED to be DONE and agreed upon to get the RV in place and released.
[Precious] Wisdom: Am I sticking by that list at this point.... NO! The reason being that things are being agreed upon within this budget and within the laws being passed that are covering most of what is stipulated in those other demands... Wisdom: Article 140 is a biggie, that is being worked into the budget... One off the list... Erbil... Their going to be dealing with that BEFORE the next elections can take place, otherwise what good would it do to have elections if these folks don't have a say in matters,
[Precious] Wisdom: since things aren't being done that they ALL PASSED into becoming law... If not the words and thoughts of the people, then what do you have? Wisdom: The demands of MALIKI! NOT COOL!! This is what the Sunni's are protesting about right now and are demanding action.
[Precious] Wisdom: Wisdom: Does Chapter 7 keep them from revaluing? Well let's put it this way... It's my belief at this point that the RV could definitely help matters with the removal of Ch7 from the country. Wisdom: The instability they are facing now is what's keeping the UN from removing them from CH7 and the sanctions that it imposes on their interaction with the rest of the worlds economies as a stable trading nation and recognized as such.
[Precious] Wisdom: SO I have to say that this COULD DEFINITELY HAPPEN BEFORE we would see them remove CH7 from everything I'm understanding at this point. It is NOT something that is controlled by the UN so it would not be something that would be able to keep it from happening
[Precious] Wisdom: 6:32 pm [Wisdom] as i'd said off the start of this... My optimistic sefl feels that this could happen now!!
[Precious] Wisdom: I have been on this ride for as long as anyone else, and so I'm not just blowing this into the wind to get a reaction. Wisdom: This is YEARS of watching and waiting, but more so UNDERSTANDING where it is at this point and what the holdups/holdouts are for this to be released. Wisdom: I'D ALWAYS referred to myself on the calls as "THE WET BLANKET" because I would not commit to saying that it was going to happen in the next hour/ day/ week .... but always said it was soon!!
[Precious] Wisdom: 6:54 PM [Wisdom] target I do believe we are on "Target" for this to happen... any time from tomorrow on! Wisdom: I do think that there is a "Possibility" from here on that we could see it in any order of ALL the items on the list I'd mentioned being passed, sooner or later, as they line up.
[Precious] Wisdom: I cannot in any way find a logical reason that this could not happen immediately. The potential for it to happen with the sequester being right around the corner climbs daily!! Wisdom: THAT IS WHAT I BELIEVE would be our "OUT" so to speak, of having our own NATIONAL train wreck for the economy of the US and the US Military. Wisdom: HOW WRECKLESS would that be, for OUR GOVERNMENT to allow the security of the Nation, let alone the security of our allies or the security of our foreign interests, to be threatened because of a budget shortfall brought upon by our inability to figure out that we have waited way too long for things to be set in motion and secured. THIS HAS BEEN .... WORDS OF WISDOM!
[Precious] Wisdom: Don't ask for the list... it's 8 in the basket that are the major world currencies being delt with.
[Precious] Wisdom: First off the list... junebug I don't believe that Any of the currencies can totally go on their own as far as the 8 major currencies that will be controlling the event.
[goin4broke] Precious who is wisdom and where is he from?
[Precious] Wisdom: junebug We should see them at the same time to keep this movement stablized as it should flow the direction it's supposed to for all involved, otherwise it would be a "Fixed card game" with it being "USED" to keep the profits flowing into pockets that could make it worthless, if you see where I'm going with that.... you totally jump out of backing one currency to buy up another, then jump to the next... large banks would have a field day, or could go totally belly up.
[Precious] mod at planet
[Precious] Wisdom: Berylhere To answer your question... NO, ...Sequestration is about to begin the 1st of March... WE HAVE ARRIVED!
Precious] Wisdom: BUT... Don't be surprised if it starts without us! And things start to get shut down or cut off or "Promisary Notes" are handed out... the old "IOU's" play into the game.
[rustyc] Precious who is wisdom and what site are they on?
[Precious] Wisdom: There is NO WAY Possible to be able to shut the car down, when your that far from home, just because you ran outta gas and your broke.
[Precious] mod at planet
[Precious] Wisdom: They will start shutting these different sources off of their money supply and we'll be scrambling for whatever crumbs the US government is able to or willing to dish out.
[Precious] I bought rice ,beans, granola, jerky, and more today..getting ready
[Precious] Wisdom: Berylhere Great question... as were the others asked. At this point... Everyone here knows what needs to happen for this to work itself out!! We must see an rv!
[Precious] Hope you all do a little planning....just in case..
[Precious] Wisdom: BUT through creative backsliding and through more dodging of the issues at hand, I think we'll see some rabits coming out of hats on the hill that will be more fuel for the fire to keep us moving without a solution if there is a ho
[Precious] Wisdom: BUT through creative backsliding and through more dodging of the issues at hand, I think we'll see some rabits coming out of hats on the hill that will be more fuel for the fire to keep us moving without a solution if there is a hold up. They CANNOT let this loose without knowing that there are breaks on the car to be able to control the speed of this spending spree we're currently on. Our funds would run out in no time and we'd be right back where we are now with no solutions, only there'd be a whole lot more clinging to the money coming out of the Government coffers.
[aberry] Precious WHAT DOES THAT MEAN PLEASE ????NO, ...Sequestration is about to begin the 1st of March... WE HAVE ARRIVED!
[Precious] aberry it is all a plan...they want no wars...they want equality..that goes for currency....this week should be interesting
[Precious] Wisdom: I think the potential for tomorrow is heightened...